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Buying a home is a significant investment and the benefits of that investment depend largely on the property’s equity. In addition to tax benefits, individuals who invest in property in Florida may also benefit from building equity relatively quickly. When a property owner is deemed “equity rich,” it means that he or she has at …

One of the many perks of living in Florida, and one that brings people to South Florida to invest in real estate, is the favorable state tax laws. With the second lowest tax burden on personal income in the country, Florida proves to be a prime destination for high earners and investors. Income Advantages Florida …

Miami’s Luxury Home Sales Up 24% in May

On July 10, 2018
by Miami Real Estate

As the summer heats up, luxury homes in Miami continue to be a hot commodity. According to a report released by the Miami Association of Realtors, the total luxury sales ($1 million and above) were up 24 percent year-over-year in May 2018. Luxury condo sales boasted the largest increase with a 58.6 percent gain. Notably, …

Hurricane season is here until November 30th. Therefore, it’s important to take note of some crucial information about homeowner’s insurance, especially when purchasing a South Florida home this summer. Check Your Policy & Deductible Make sure your policy covers the full value of your home and not just a percentage. Additionally, check your deductible to …

Luxury Home Sales in Miami Continue to Rise

On June 7, 2018
by Miami Real Estate

 The Miami luxury home market is having a fantastic 2018 and is continuing to prove to be strong through mid-year. With the new tax laws in place, many buyers are considering choosing a luxury home in Miami over homes in much higher taxed states, providing a flood of potential new buyers into the market. Sales …

Tech Industry Could Boost Miami’s Housing Market

On May 14, 2018
by Miami Real Estate

When most people think of Miami, the first thing that comes to mind isn’t usually the city’s prominence in the tech industry. However, Miami-Dade, Broward and Palm Beach counties are home to 8,167 technology businesses, the 12th highest in the country according to Census data by Computing Technology Industry Association. With growth of the industry …

Homebuyers are Undeterred by Rising Interest Rates

On April 27, 2018
by Miami Real Estate

Despite the recent increase in interest rates and the new tax hikes set in place at the end of 2017, home sales were higher than expected early this year, according to the National Association of Realtors. In the luxury home market sales were up 19 percent from a year ago. Few Concerns from Buyers With …

The Federal Reserve recently raised key short-term interest rates and maintained the current forecast for three hikes this year. The rising rates not only signals a strengthening economy, but it also has specific meaning for the real estate market. Buy Sooner Than Later to Save on Mortgage Payments With rates rising, the best time to …

Miami Luxury Home Sales Rise in February 2018

On April 2, 2018
by Miami Real Estate

The Miami luxury condo and home market is experiencing a period of demand, according to the Miami Association of REALTORS® and the Multiple Listings Service (MLS) system. Miami existing condo sales rose for the fourth consecutive month in February of this year while luxury condos priced at one million and up saw an increase in …