Miami Beach Real Estate Tips / Help for Buyers and Sellers


Miami Beach has special regulations


Every area has its own building regulations. You need to know how these restrictions will affect the design of your Miami Beach home. Issues to consider include zoning, setbacks, rights of way and easements. Most subdivisions have CC&Rs (Covenants, Codes and Restrictions). Studies of Miami Beach demonstrate that these carefully to make sure they are not too restrictive for your needs or create excessive building costs.

Fixed Rate Loans in Miami Beach


Advantages: As indicated earlier, predictability is the biggest incentive for choosing a fixed-rate loan for your Miami Beach real estate mortgage.

Disadvantages: Fixed rate loans usually come with higher interest than the start up interest rate on a fixed loan. Down payments for your Miami Beach on conventional, fixed-rate loans are usually higher than the down payment required for an ARM.

Miami Beach Homeownsers Insurance


Miami Beach Home Safety Measures. You can usually obtain insurance discounts for having a smoke detector, burglar alarm or dead-bolt locks. However, take note that some fire systems can be costly and not every system may qualify for an insurance discount, so check with your insurance company first.

Don’t Over-Insure. Homeowner’s insurance is designed to protect you against loss should your Miami Beach home and furnishing be damaged or lost through theft, windstorm, fire, etc. The land under your home is not insured, as it is not at risk. If, in considering value, you include the cost of the land under your house, you may end up paying a higher insurance premium than you should.


Miami Beach Home Improvement


Don't underestimate how much projects will cost. Expenses usually are added, not subtracted. Homeowners, even Miami Beach homeowners, routinely go 20% to 30% over budget. Remember, it is common to under budget cost and time.

When remodeling for resale, don't waste time with renovations that won't pay off. If you must have a pool, you still may have to lower your expectations on who will be interested in buying. The National Association of Realtors/Remodeling magazine study has identified four renovations that show the greatest return at resale: improvements to siding, windows, kitchens and bathrooms. Remember you have a lot invested in Miami Beach.

Buying a Miami Beach Fixer-Upper


Finding the right Miami Beach fixer upper often involves finding a seller who is in financial difficulty and wants to sell in order to protect their credit or to avoid foreclosure. Various government agencies such as VA, HUD, IRS and others offer homes in foreclosure for sale and these homes can make excellent fixer-uppers. Bank owned properties known as REOs, real estate owned, offer good opportunities since financial institutions want to eliminate their real estate holdings by selling foreclosures quickly.

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Miami Beach GUIDE


One of the major benefits that experienced Miami Beach agents and brokers provide for prospective buyers is a thorough knowledge of the area and the real estate market. Whether buying in a specific school district is important to you or making sure the home you buy is close to shopping and transportation, a knowledgeable agent is your bust Miami Beach Guide.