Blog

Blog

HOMES ARE GETTING SMARTER

Smart homes have struggled to find a mainstream audience in part because they require a bit of technical savvy from their user. However, the proliferation of smart phones and tablets provide an easy and cost effective way for tech novices to communicate with their home automation systems. According to market research conducted by the Consumer… read more.

OBJECTIVE vs. SUBJECTIVE VALUE

How much is my house worth? The answer may or may not be what an owner expects. The definition of fair market value is “an estimate of the market value of a property, based on what a knowledgeable, willing and un-pressured buyer would probably pay to a knowledgeable, willing, and un-pressured seller.” An estimate of… read more.

INTERNATIONAL BUYERS LOVE FLORIDA

Florida was the #1 pick for international buyers in 2013 according to Janet Branton, Senior Vice President for Global Business and Alliances with the National Association of Realtors. Florida offers fine weather, beautiful beaches and prices which are a bargain compared to other global resort markets. The state’s business climate is also inviting with incentives… read more.

THE MILLION DOLLAR QUESTION

How is South Florida’s real estate market doing?  It is a complex question, since every market contains micro markets.  Each neighborhood, each price range, and each style of residence – townhouse, single family or condominium – is unique.  In some neighborhoods, the price ranges and choices are plentiful, in others inventory is scarce and prices… read more.

CASH IS STILL KING

The market share of all-cash purchases is on the rise, despite declines in distressed sales and investor activity according to data collected by the National Association of Realtors for their Realtors Confidence Index.  Lawrence Yun, NAR chief economist, calls the findings counterintuitive since “distressed home sales, most popular with investors who pay cash, have declined… read more.

FORT LAUDERDALE – A CITY ON THE RISE

Long known as the Venice of America and the Yachting Capital of the World, Fort Lauderdale is a city on the rise.  An award winning downtown combined with beautiful beaches and attractive residential neighborhoods make this a great place to call home.  In a recent ranking of The Top 10 Best Downtowns 2014 by Livability.com, Fort… read more.

REAL ESTATE – A TOP PICK FOR HIGH NET WORTH INDIVIDUALS

U.S. millionaires view real estate as a top alternative asset class. According to a survey released by Morgan Stanley’s Wealth Management division, approximately 77 percent of investors with at least $1 million or more in assets already own real estate and plan to make it their number one alternative investment pick for 2014.  One third… read more.

SELLING AN INHERITED HOME

Selling a home once owned by a family member or close friend is never easy. Heirs and personal representatives faced with this task must consider many issues. If more than one heir is involved, the interaction between or among the parties may be smooth, but more often than not, it is usually uncomfortable or even… read more.

LOOKING AHEAD TO 2014

2013 was a spectacular year for residential home values in South Florida. Low mortgage rates, tight inventories and buyers with cash and good credit contributed to the rebound in housing. The cumulative value of all homes sold in Broward, Miami-Dade, and Palm Beach counties in 2013 is expected to total $646.8 billion, reflecting an annual… read more.

TO RENOVATE OR NOT TO RENOVATE

Even though the final numbers are not ready, all indications are that South Florida’s housing market performed well beyond expectations in 2013, especially in the higher price ranges. Buyers who can afford high-end properties expect items and extras that are well above what one may find in lesser priced properties. The higher the price point,… read more.