South Florida On The Market

Investing in Airbnb properties can offer a unique opportunity to generate passive income while enjoying flexibility for personal use. This is especially true in popular tourist destinations like Miami, where the demand for short-term rentals is high. However, it's important to consider the potential drawbacks, including startup costs, irregular income, and the occasional unruly guest. In this blog post, we will explore the benefits of Airbnb investment in Miami, discuss the risks involved, and help you make an informed decision about this form of real estate investment. Benefits of Airbnb Investment in Miami: Diversification of investment portfolio: Investing in Airbnb properties allows investors to diversify their portfolios, providing an alternative to traditional real estate investments. This diversification can help balance risk and potentially enhance overall returns. Passive income generation: With the increasing popularity of Airbnb and vacation rental platforms, investors h...

When homeowners consider determining the value of their property, many opt for a comparative real estate market analysis. However, it's important to understand that this analysis goes beyond a simple assessment of market value. By gaining insight into the true worth of your residence and staying informed about market trends, you can make well-informed decisions that align with your financial goals and take into account changing economic and environmental impacts. Accurate Assessment of Property Value A comparative real estate market analysis provides an accurate assessment of your property's worth by considering various factors. It goes beyond current market conditions and takes into account the direction in which the market is heading. This analysis considers factors such as current inventory levels, historical patterns, and potential market fluctuations. Unlike relying on nationwide websites that provide generic value estimates, a local expert with extensive experience in the...

Selling your home is a significant financial transaction, and if you're looking to maximize your profit, it's crucial to take the right steps to increase your home's value and appeal to potential buyers. By following these tips, you can position your home in the best possible light and increase your chances of getting the most money when selling. Set the Right Price: Pricing your home correctly is essential for attracting buyers and getting the most money. Research comparable homes in your area and work closely with a trusted real estate agent to determine a competitive and realistic asking price. An experienced agent will have a deep understanding of the local market and can guide you in setting the optimal price for your home. Enhance Curb Appeal: First impressions matter, and improving your home's curb appeal can significantly impact its perceived value. Consider making necessary repairs and investing in small cosmetic improvements to make your home more attractive f...

LendingTree ranked 50 U.S. metro areas. At No. 24, Miami was solidly average, but property taxes in three other state metro areas ranked from No. 11 to No. 14. NEW YORK – Property taxes vary significantly across the nation’s 50 largest metros. How much homeowners pay in property taxes largely depends on where they live and what their home is worth. Homeowners in the lowest property tax metro, Birmingham, Ala., pay about $7,700 less than their counterparts in the New York metro area, which has the highest property taxes in the U.S. Property taxes in Birmingham average $753 (homes without a mortgage); property taxes in New York City average $8,180. Of four Florida metros included in the rankings, Miami has the highest property taxes ($2,481), but it still only ranked No. 24 with 26 other U.S. metros more expensive. Tampa came in at No. 11 ($1,406), Jacksonville at No. 12 ($1,575), and Orlando at No. 14 ($1,744). Birmingham is the only metro where median property taxes are less than $1,00...

Miami-Dade County   real estate   posted its best November sales month in history   as   existing condo sales surged   double digits   year-over-year   for the   14 th   consecutive month,   according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.   The red-hot market, fueled by domestic and   global homebuyers,   has now   established   all-time annual records for total home sales (set in 10 months), all-time annual condo sales (set in   nine   months), and the all-time annual single-family home sales (set in 11 months).   Miami-Dade County total home sales   rose   22.9% year-over-year in   November   2021, from   2,459   sales to   3,021. Miami single-family home transactions   increased   1.2%,   from 1,154   to 1,168.   Miami existing condo sales increased   42%,   from   1,3...