What Is My Miami Home Worth Now Days?

By Sunny Isles Real Estate Expert on August 22nd, 2012

Miami real estate

Miami waterfront homes for sale

One of the first questions a Miami realtor

will get asked by a homeowner would be “what is my property worth?” Of course, when a homeowner makes the decision to sell Miami home, they will want to get the most value as possible out of it. If you are planning to sell your own property, then you may have the question as well. Do you know how much your home is worth? Do you know what a realtor will need to do in order to provide you with an accurate value? Because this is such an important part of the home selling process, it is a question that you need to know an answer to.

What it Takes to Get a Value

When you first call or email the realtor, you must remember that they will not be able to provide you an immediate exact value. In fact, if a realtor gives an exact value without doing any legwork, then you should not trust that value. There is no way to get an exact number without doing a thorough research. However, the realtor should be able to give you a ballpark estimate. This estimate would be based on the values of similar homes sold in the area. This will not be an exact amount. There is a great deal of more work that will need to go into determining the value of a home. Here are a few things that the realtor will need to do.

In fact, Miami real estate market research

will be a must. The realtor may have a basic idea of the housing market in the area, but there will need to be research as well. This research will give the realtor a better idea of not just how much people are asking for their homes, but also how much those homes are actually selling for.

Determining affecting factors. There are a number of things that could affect a home value to make it different from the market average. Some of these factors could include grounds improvements like swimming pools or problems like a rundown home on an adjacent property.

Viewing the property. In addition to doing this type of research, the realtor needs to actually view the property. Through a discerning eye, the realtor will be able to get a more realistic selling value.

A Lower Evaluation than You Expect

Many homeowners are surprised when the value of their home comes in lower than they expected. Why would this happen? There are numerous things that can affect the value of a home, and when it comes to selling, the buyer is the biggest factor. In a buyer’s market, it is not about the seller. If there are a large number of homes available for sale in the market, this will lower a home value. If the market is slow in the area, this will also lower the value. Just because you think your home is worth more does not mean you will actually be able to get that much out of it. Instead, if you price your home too high, you may not be able to sell it for a long time.

What is the value of your home? This is an important thing to know, but you cannot just expect your realtor to be able to tell you over the phone. There is a great deal of research needed.

For a thorough research and evaluation of your Miami home, or Miami condo please contact Lana Bell, leader in sales of Miami real estate.

Selling Luxury Single Family Houses in Today’s Market

By Sunny Isles Real Estate Expert on March 18th, 2011

Miami Beach Luxury Houses For Sale

Miami Beach Luxury Homes For Sale

Too many home sellers are worried that 2008 never ended. In the intervening 2 years, the Florida real estate market has improved. A reduction of foreclosures on the market combined with a strengthening economy has caused home prices to rise. In Miami Beach, sometimes called The Venice Of America, the market is heating up and luxury properties are on the move again.

Miami Beach real estate

is well-known for its stylish, luxury waterfront homes. Many of them have a distinctly tropical feel that celebrates the beautiful Florida climate. While the market everywhere was tough for a while, the market in luxury areas such as these has been improving recently. There are some techniques a good realtor can help you to use to sell your home in this area, if it’s time for a change.

Most homes in Miami Beach

remain on the market between 6 to 8 months, according to MLS data. This is not an extended time, by any means, for a home to be available on the market. In fact, it shows how rapidly a buyer can be found for a well-priced home in this market.

In the last few quarters, the prices for Miami Beach luxury waterfront homes have been going up. Combined with a realistic price for your home, this means that a realtor may be able to unload your house much more quickly than you think, and at a far better price than you may have been hoping for. It’s very realistic to get a premium price for your luxury Miami Beach home, the demographic who buys them isn’t known for being bargain shoppers.

There is plenty of appeal for a good home in Miami Beach area. While the area is known for being affluent, there are homes that aren’t necessarily up to the standards of luxury that the target demographic sometimes expects. Some are sold based on being waterfront properties, with most of their value coming from that fact. A good property on Miami Beach at a sensible price is a very attractive commodity.

In the last year, this area has been particularly good for homes at around $1,000,000. This makes it ideal for those who want something that bespeaks luxury but who don’t want to overbuy. If you have Miami Beach real estate in this price range, be aware that a realtor will be working with a very interested market and that a sale may be very rapid.

For more information on today’s best deals in Miami Beach please be sure to visit:

Pinetree Drive Homes, North Bay Road homes, Allison Island homes and La Gorce homes.

Buy a Home Now While Rates are Low

By Sunny Isles Real Estate Expert on December 19th, 2010

Golden Beach Florida House For Sale

Golden Beach Florida

It may be true that the economy has taken a hit, but don’t believe everything you hear. Now is the perfect time to purchase a Golden Beach home because prices have dropped dramatically across the nation. Buying a house is a long-term investment, and just because headlines say that the housing market is down doesn’t mean that buyers can’t get a home loan at a reduced price.

The stock market is a good example; it has its ups and downs. Therefore, the housing market is very similar – where there’s a down, there’s also an up. If you have decent credit and a job that provides steady income, then you can still achieve mortgage credit at a reasonable rate. Since the housing market is “down,” these rates have hit all-time lows.

Home Appreciation

Realistically, home appreciation has the possibility of increasing five to six percent annually, which means that you can earn a significant return on your investment in one year. For example, if you purchase a $200,000 home and put down 10 percent at a five percent appreciation rate, then the home would increase $10,000 in value during its first year.

That 10 percent investment returned a 50 percent return – and that was in just one year. Of course, this does not mean you have to purchase a $200,000 home, but you can see the real value behind purchasing a home and what kind of investment you are making.

Reducing Costs

While looking at Miami real estate

you should focus on Miami homes that have been reduced in price by the seller. This does not mean they are desperate, but it does mean they are motivated to sell and may be willing to work with you on a price reduction. You can even purchase a home at a reduced price by insisting that the seller pays for the closing costs. A seller who is ready to end the deal will most likely agree to additional tactics by the buyer.

After viewing the home, you can renegotiate the price according to anything you’ve seen that should be fixed or replaced. The important thing to remember is that price is not set in stone; like purchasing a car, it is possible to work out a deal that is beneficial to both parties.

About Chris Adams – Chris Adams is founder of 807 Holdings LLC and Scottsdale Homes.

Renewable Resources Are Not So Renewable

By Sunny Isles Real Estate Expert on August 25th, 2010

For hundreds of years, mankind has relied on several resources that we have considered “renewable.” At one point in history, we believed that oil and other fossil fuels would always be available to us. Even water, which is produced naturally, is in short supply on occasion. Learning to make our homes and cars more efficient with these resources as become the focus of this generation, because we have all realized that there is no way to count on always having these resources available.

Building Green homes in Miami

have become the latest trend, but it is a popular decision that should be encouraged so that future generations can enjoy the resources that we currently have available. The benefits of owning an Miami eco-friendly home can actually far exceed the preservation of our precious energy resources. You will quickly see lower energy bills, which will free up your cash for other important purchases, such as a car that can offer the same eco-friendly results as your home.

Suggestions for green homes include countertops that are created from recycled materials. Granite may be the hottest item at the moment, but there is only so much granite available. Consider buying a home with as many recycled material features as possible. You should also be aware of the hardwoods that are used in the home. Deforestation is a serious concern, as we are seeing the disappearance of hundreds of thousands of trees every year. There are other beautiful flooring and trim options that do not require the death of a tree, and the quality and durability is just as high.

Rooftop gardens are another popular option. Not only can you produce your own food, but the garden can also effectively insulate you home naturally. This is especially helpful in urban homes, where yard space is limited. You can see that even the smallest things can make a huge difference.

Learn What Makes Homes Eco-Friendly

By Sunny Isles Real Estate Expert on August 17th, 2010

Green Energy Efficient homes for sale

Energy Efficient Homes In Miami

You might think that eco-friendly homes are just a fad

It’s true that they are gaining in popularity, especially as we are seeing the disappearance of resources that have been long considered renewable. This is one trend that you should pounce on, because you can do your part to preserve what’s left of the Earth for future generations to enjoy.

Buying a green house in Miami

is easily done, though you might have to fight hard for the few that are available. More are being created every day, though, so it’s just a matter of searching for the right builders. Eco-friendly homes will often use solar panels to supplement heating and electricity. Rooftop gardens can also provide natural insulation from the elements, while offering the bonus of a beautiful place to enjoy a glass of wine at twilight. Recycled materials are increasingly popular for countertops and other pieces of trim in the homes, because granite and hardwoods will one day just disappear.

When you have found the right LEED home in Miami for your needs, make sure that it is build to face the sun. This can naturally heat the home, which will cut down on the need for electricity. Not only are you doing your part to save the environment, but you also might put a little money back in your pocket while you’re at it.

Ask your home builder about the measures that are in place for water conservation, too. Special drainage systems and faucet designs can help you save thousands of gallons of water in your lifetime. Reducing the need for chemicals in your septic systems can also go a long way toward protecting the groundwater that you may eventually drink from your faucet. The possibilities are endless, so take everything one step at a time. Your grandchildren’s grandchildren will thank you.

Conservation Is a Full Lifestyle Change

By Sunny Isles Real Estate Expert on August 13th, 2010

Miami LEED certified homes for sale

Green Homes In Miami

There is a lot of chatter lately about conserving energy and what is left of our fossil fuels and resources. Even fresh water is in short supply at times, and it’s almost always the result of careless human waste or activities. While it may sound like a fad to you, it’s important that we all get on board with conservation efforts if we want to enjoy the fruits of the Earth for an extended amount of time.

The city of Miami as well as Miami real estate

is riding the front of the wave in the eco-friendly housing revolution. The many changes in building materials are easier to apply to houses, of course, such as solar panels that will supplement the electricity supply and heating. Fortunately, condominium builders have discovered several ways to apply eco-friendly materials and practices to the development of “green” high-rise buildings.

In the “Sunshine State,” solar panels are easily used to harness energy. This is no exception with condominium buildings, though many more are necessary to have an effect on the preservation of energy. Talented architects and designers are discovering ways to implement these solar panels into the design, however, so that the result is beautiful as well as functional. Other beautiful and functional eco-friendly ideas for high-rises include the use of rooftop gardens. This is a great way to collect rainwater, as well as provide a natural insulation for the building. The aesthetic value is unquestionable.

Water conservation faucets and drainage systems are also being installed into condominium buildings. The sheer number of gallons saved through these conservation efforts is staggering. You may be surprised at how many eco-friendly Miami condos you can find. If conservation is something that you find important, consider purchasing a green home in Miami or LEED certified Miami house. Save some money. Save the planet.