View Miami Beach Homes Overview


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 Real Estate Contract Options


Finally, the Exclusive Agency Listing allows an agent to list and market your Miami Beach real estate. The agent will earn a commission if he/she or any other agent sells the property but not if the homeowner finds his/her own buyer. Very few if any agents are willing to agree to spend time, money and know-how on promoting a home without the guarantee of a commission when the home sells.

Many people imagine that the agent who lists their home begins an immediate search for likely homebuyers for Miami Beach but this is not always the case. The real skill of a good listing agent is her/his ability to market your home to other agents. Usually as soon as your listing agent returns to the office, your home is entered into the MLS and is now available to hundreds, maybe thousands of other agents.


Miami Beach Real Estate Cycles


What makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Miami Beach is no different than most, although the Miami Beach market does have it's own special circumstances.

Want to get a clear and up-to-date picture of the Miami Beach real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely.


Buying Miami Beach Real Estate...Will it Pay?


A frequent question from prospective homebuyers relates to building home equity. Miami Beach buyers like to estimate how much a home may increase in value based upon past appreciation. One of the many advantages of home ownership is that appreciation is based on the home’s market value rather than on the actual dollar amount invested or the down payment so that a $100,000.00 home that appreciates 5% is now worth $105,000.00. This is one way of building your Miami Beach home equity but there is more you can do.


The Benefits of Selling Miami Beach


If your Miami Beach holdings consist of both a personal residence and a rental, you can sell your personal residence and exclude up to $250,000 ($500,000 for a married couple) on the gain. Then you move into your rental, live in it as your personal residence for two years and then sell it, again benefiting from the $250,000 or $500,000 exclusion. This is true even though most or all of the increase in value occurred before you converted the property to your personal residence.

When Miami Beach Does Not Sell


Here is where your agent’s expertise and diligence comes into play. A top agent will consider what similar Miami Beach have sold for within the last 3 to 6 months and compare those homes condition, features and location with your home. If there are no comparable sales in the area, which is often the case with custom or one-of-a-kind properties, the agent may suggest that you obtain a formal appraisal.

A homeowner who must sell and sell quickly needs to price their Miami Beach at or slightly below market to ensure a quick sale. A different homeowner may want to sell but has time and wants to get the top market price. These homeowners will often price the home slightly above current market prices and expect interested buyers to offer a lower amount to start the negotiation.