Invest In Thriving Miami Real Estate

The current decade has been considered as a booming period for the Miami metropolitan area property market scene. Along with the surge in the area’s economy, and an influx of investments & immigrants, the Miami real estate market is presently undergoing possibly the biggest, and largest transformation ever in its famous & colorful history.

Just by looking at the downtown & suburban Miami areas, one sees the landscape of real estate in Miami as ever-changing, and with every year, new condominium & high-rise units grow up and clutter this sunny Florida city.

Take for instance, Miami Beach , real estate prices are surging, and getting much higher with so many new investment opportunities to be gobbled up by prospective investors. A major sign of the increase in opportunities in real estate is shown by studying property values & building activity. Construction & building activity has risen all through the city. As more homes, condominiums and apartments are renovated, property values have increased at an unexpectedly fast pace.

Real estate analysts & industry insiders forecast that within the next several years, property values in this area would be among the most expensive & sought after prime real property pieces in the United States . With so many variables driving the market, and economic indicators pointing upwards, it certainly looks like the Miami real estate market would definitely be on the upward rise for decades to come.

By comparing property trends with other major markets in the country, Miami & its surrounding suburbs still has some of the least expensive real estate on the market. The city presently has an average median asking price for housing units of $114,000, as compared to the state average of $92,000. The median value of owner-occupied housing units presently stands at $120,000. Waterfront homes in the Miami area presently run for $800,000, and one will not find prices like that on identical areas in the Los Angeles area.

However, with the ever-increasing demand for Miami real estate, these prices certainly would be just temporarily low ones. Admittedly, the real estate boom in this area has become one of the hottest pieces of investments, with people coming from all over the globe and cashing in on the plethora of Miami pre-construction deals.

Get in touch with Kamany Realty for more information on Miami real estate.

Condos Are A Wise Investment In Miami Beach

Located on a barrier island & enclosed by Biscayne Bay to the east & the Atlantic Ocean to the west, Miami Beach is only a short distance from the city center but has its own charm. Its closeness to lovely beaches has made Miami Beach a major location for condo buildings. Whether you’re seeking Luxury Miami real estate or a less opulent, more economical condos to invest in, the Miami Beach regions is a wise choice. Let’s talk about why so:

Variety of condos at diverse price points:
The condominium market in Miami Beach is quite diverse, with condos ranging in cost from approximately $200,000 to several million dollars. The wide cost range lets a variety of investors to invest in Miami condos, as there’re several options at every price point. There’s also a mixture of older condominium buildings & new condos; if you wish invest in a low-cost or mid-range condo, consider checking out the Mid-Beach regions. Many new lavish condo projects, such as the Eighty Seven Park, are being developed in the Mid-Beach region, and the incorporation of these lavish units should assist in boosting condo values in the adjacent region.

Shift to a buyer’s market:
While the luxury condo market in Miami Beach & the adjacent regions is still flourishing, the market is showing indications of a correction following the large cost increases noticed over the last few years. This is excellent news if you’re seeking a condo for sale in Miami Beach that’s priced under $1.5 million. With a larger inventory of Miami Beach condos for sale, buyers have more room for negotiations & getting great deals. As any keen investors know, purchasing when the costs are lower lets for the greatest ROI. Working with a seasoned real-estate agent will help you find the best condo deals in the Miami Beach region.

Proximity to the water:
Regardless where you’re investing in Miami Real estate, oceanfront, beachfront and ocean view condos are likely to be highly desirable & nearly always rise in value over time. Miami Beach is home to some of the most amazing beaches: South Beach is pretty renowned, but there’s also North Beach, Haulover Beach Park, and Surfside Beach on the Atlantic side, as well as Oleta River State Park along Biscayne Bay.

Still looking for more info on Miami or South Florida real estate? Look no further than Kamani Realty!

Why Miami Condos Are the Best Type of Investment

Planning a real-estate market to start investing in is half the battle of real-estate investing. Following that decision had been taken; real-estate investors need to decide what type of investment property to opt for in order to get the best ROI.

The Miami real-estate market is looking positive overall for this year. Real-estate professionals have anticipated that the starting of 2019 will be an excellent time for real-estate investors to purchase an investment property in the Miami housing market. This is because trends in inventory & demand for Miami investment property are making a Miami real-estate market that favors buyers.

What’s the best kind of Miami Investment Property?

The answer to this question relies on several factors:
• Specific location of a Miami investment property
• Condition of the Miami real estate market
• Choice of real estate investment strategy for a Miami investment property

All these elements affect the ROI for a Miami investment property.

Miami Condos for Sale:
When real-estate investors think about Miami, condos for sale come to mind. Miami condos for sale cause a stark contrast to a single family property. For one, Miami condominiums for sale have a much higher inventory, making investors who presently own them to be compelled to sell at lower than the actual real-estate market worth.

Miami luxury condominiums are following the same trends as typical condos for sale. The supply of Miami luxury condominiums is way up, and real-estate investors are selling for less than the market worth. On average, Miami luxury condominiums are going for 25 percent less than their actual worth. This is where the buyer’s market for Miami investment property is really at. Miami condominiums for sale could be the best investment for investors who prefer a buy & hold approach, banking on rental properties and appreciation for a ROI.

However, there’re a few things that count against Miami condominiums for sale in the run for best property investments. Even with being sold at a lower worth, Miami condos are still more costly per square foot in comparison to a single family property. Investors also have to take into account condos fees alongside the restrictions put on condominiums for sale if they want to employ them as rental properties.

If these things don’t discourage your choice, Miami condos for sale may be the ideal property investment for you.

Contact Kamany Realty for more information on Miami condos or Miami houses for sale.

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Miami Investment Property - What are the Best Types

Picking a real estate market to start investing in is half the battle of real estate investing. After that decision has been made, real estate investors have to decide what type of investment property to go for in order to get the best return on investment.

Miami rental properties are predicted to do well in the Miami housing market, as people (especially millennials) are favoring renting over buying in Miami.

Job growth, a strong economy, and a gorgeous location make a Miami investment property prime real estate for a high ROI. Once a real estate investor chooses to invest in Miami real estate, the next question is as follows: What’s the best type of Miami investment property for me?

A Miami single family home:
Investors sometimes ignore a single family home for real estate investment simply because it has not been considered “hot” in the Miami housing market. Nevertheless, single family house investments have proven to be a very stable real-estate investment in recent years. The market for single family home investments has been witnessing a constant rise in costs. The constant rise in cost for this sort of Miami investment property entails that investors will benefit from greater & more anticipated appreciation, boosting potential ROI.

Miami condo for rent:
When investors 1st think of Miami, Miami condos for rent come to mind. Condos for rent in Miami create a stark contrast to a single family house. For one, Miami condos for rent have a much higher inventory, making investors who presently own them to be pushed to sell at lower than the real estate market value.

Miami luxury condos are following the same trends as standard condos for sale. The supply of Miami luxury condos is way up, and investors are selling for less than the market value. On average, Miami luxury condos are going for 25 percent less than their value.

Miami Apartments/Multifamily Home:
Moving into another popular kind of residential real estate in Miami, you’ve Miami apartments for sale & multifamily homes. Miami apartments for sale have given an excellent ROI to investors in the last few years. Multifamily homes in Miami have been found to be as dependable & stable as the single family home investment.

Whether you are looking for Miami condos for rent or Miami homes for rent feel free to get in touch with Kamany Reality. We offer exclusive details regarding Miami real estate to help buyers in making the right decision.

Miami Condos For Sale – The Trend Is On The Rise

Since many decades Miami has been enjoying a reputation of a unique destination. In the early 80s people flocked to Miami to have fun in the sun, experience the beachgoer lifestyle and for that sort of vacation. An Miami is always been known as one of the finest places in the US that lures the ‘snowbirds’, or retires that are desperate to escape the bad weather they’ve been used to for half a year.

Today, Miami is known to be one of the top global cities across the globe, competing with cities that have international reputations such as Tokyo, New York, Paris, London, Hong Kong, Geneva, San Francisco and the like. The city has always been recognized as a center for imposing culture & arts communities. Now Miami’s fashion scene is bursting, top-notch shopping, dining & nightclub districts are starting to lure those people that relish a cosmopolitan, multinational, multicultural, and authentic international sparkle.

Since Miami is a thriving global commerce & banking center, the city is home to the Brickell neighborhood, which is recognized as the Manhattan of the South, and has the 2nd most global banks, outside of Manhattan.

South American firms are flocking to Miami & South Florida, making Miami a city recognized for a higher percentage of international head offices. Due to their political & societal turbulence in their nations, they’re finding it easy to do business & reside in a city where they don’t need to take headache of such issues.

Which leads us back to what you must do when searching for condos for sale in Miami! When thinking about Miami condos investments, because people & many successful business owners from Europe, China and South America are competing with American people, competition for real-estate is heavy. Some of the provinces which demand far surpass supply with Miami condos investments include Miami Beach, Coconut Grove, Downtown Miami & Midtown Miami, Key Biscayne, Brickell and Coral Gables. And ensure research according to your family situation. For example, if you’ve kids, some of these neighborhoods are recognized for their fine schools. Whereas if you are seeking a single lifestyle, some regions are more renowned for amenities intended towards that lifestyle.

Also keep in mind, while looking into Miami condos for sale, think out of the box, because others are. Many new & existing condos are in high demand in the real-estate market, but so are pre-construction condos.

As far as the right Miami condos or Miami homes for sale is concerned you can always rely on Kamany Realty & Property Management Inc. We offer exclusive details regarding Miami properties for sale to help the buyers in making the right purchase. More details visit http://www.kamanyrealty.com/

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Why My Miami Home Isn’t Selling? 5 Possible Reasons

There are no shortages of people that are looking for homes for sale in Miami, but why you are able to sell your property? Well, there’re multiple reasons why your condo or home mayn’t be selling. Listed here are a few:

You & the broker have overvalued your property:
If your home or condo is overpriced, it is simply not going to sell. Compare your home to identical properties that sold recently alongside the active competition within your condo building or market area to get a better idea of its actual value. A knowledgeable broker can offer you with a fairly accurate value of your property, hence help you sell your Miami home quickly.

Your listing is showcased poorly:
If the listing of your property includes an awfully written description without any professional looking photos, a lot of potential buyers are not going to consider it. Ensure you & your realtor put some effort into making a listing that entices the attention of potential buyers. Ensure to incorporate top-quality images of both the exterior and interior of your home.

You have not had your house cleaned professionally:
A dirty home is going to leave a bad impression on potential buyers and if it had a bizarre odor, you’ll lose buyers. Ensure you’ve a professional cleaning service clean your home before you start showings.

You have not staged your house:
If you have already moved out, then don’t show a vacant home – this makes it tough for buyers to imagine dwelling in it. Stage your home with furniture & decor to give potential buyers a better idea of how large every room is & how it can be used. You wish the buyer to feel at home when they’re looking through the photos online and/or taking the property tour.

Your home improvements are too personalized:
You might assume that the flamingo mural, you painted for your outdoor entertainment area is totally amazing, but that does not mean possible buyers will agree. If your home improvements are too personalized, it can actually scare off buyers who don’t wish to pay for odd features they don’t want. If the walls in your home are of bold colors, it’s in most cases wise to go white or neutral, so the potential buyer has a clean canvas to imagine as their own.

Whether you are looking for Miami homes for rent or sale you can always depend on Kamany Realty. We specialize in offering you the correct info regarding a wide range of properties for sale and rent in Miami. Call us today!

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Miami Property Tax Payments In 2018! 4 Things You Must Know

Owing a single or multiple properties in Miami is a financial commitment that needs proper planning. One annual outlay that is guaranteed is property taxes. It is essential that Miami home owners are alert of their accountability in paying these taxes on time.

Listed below are 4 essential factors to consider regarding paying property taxes in Miami.

Tax year & annual notices:
The tax year in Miami runs the same as the calendar year, from Jan to Dec. At the conclusion of 2017, there was some chaos in the media regarding whether 2018 property taxes could be paid before the starting of the New Year. This isn’t a choice; as tax rolls aren’t open until November first of 2018. It means, being a property owner, you won’t receive your evaluated tax amount until November first at the earliest. Hence, it isn’t feasible to pay your 2018 property taxes until that point.

Discounts accessible for before time payment:
Property owners in Miami should know that they’re qualified for discounts on property taxes if they’re reimbursed by particular deadlines:

• If property taxes are reimbursed in November, you’ll save 4 percent.
• If reimbursed in December, you’ll save 3 percent
• If paid in January, you’ll save 2 percent
• If paid in February, you’ll save 1 percent.

Payment Options:
Property taxes in Miami can be paid in 3 diverse ways.

• Online tax payment can be done by searching for the property on the Miami-Dade property tax website. By choosing this option, you can pay by credit card or e-check.

• The 2nd option is to reimburse by sending money order or check through the mail. You’ll have to make your cheque payable to the Miami-Dade County Ttax Collector. However, you can’t transfer money via the mail.

• The 3rd choice is to pay directly, but only hard cash is accepted. Credit card payments aren’t accepted as a face-to-face payment.

Value Adjustment Board Petitions:
If a Miami property owner petitions the evaluate of the worth of their property, the owner should still reimburse 75 percent of the petition property’s assessed Ad Valorem Taxes, and 100 percent of the property’s Non-Ad Valorem Assessments, which encompasses services on the property according to the assessed worth, by March 31, 2018. If this payment isn’t done by the March 31st, deadline, the appeal to reassess the worth of the property will be rejected by the Value Adjustment Board.

Hopefully these tips will help you in making your property taxes on time! If you are looking for more information on Miami properties for sale, feel free to contact Kamany Realty & Property Management Inc. for help.