Buying a Property?
10 Fabulous Reasons for Buying in Miami
- Miami has one of the most valuable housing markets in the country and is a major center of commerce,
culture, entertainment and international trade. - Cost of living is 1% below the national average.
- Top educational institution with the 4th largest U.S. school district; 5 colleges & universities.
- Miami’s tropical weather attracts buyers to its shores year round, boasting 248 sunny days per year. It is the only major “subtropical” city in the continental U.S. with an average temperature of 75 ºF / 23 ºC.
- Greater Miami’s world-famous beaches include 84 miles of Atlantic Ocean coastline & 67 square miles of inland waterways.
- Miami’s has amazing restaurants and dining experiences. Worldwide cuisine here is like no other place in the country.
- Miami is famous for its street-style fashion sense. From South Beach to Wynwood shop luxury retail centers, malls, open-air, fresh markets, designer boutiques and bargain outlets throughout the city.
- It’s an exciting lifestyle for all with museums, performing arts venues, art galleries & sports.
- A “Gateway to the Americas” Miami is strategically located between Latin America & Europe, perfect for business or pleasure.
- Miami is an innovative city and a great place to do business with over 1,000 multinational companies established in the region. Its economy has grown from primarily travel and tourism to more diversified trade and international banking sectors.
Buying Tips
1. SAVE
• Down payment
• Closing costs
• Escrow for insurance and taxes
2. IMPROVE CREDIT SCORE
(Higher credit score = lower interest rate)
• Stay current on bills
• No major purchases
• Don’t cancel any credit cards
3. CALCULATE WHAT YOU CAN AFFORD
Affordability depends on income, credit rating, current monthly expenses, downpayment and interest rate.
4. GET MORTGAGE PRE-APPROVAL
• Shop for the best deal
• Choose primary and backup lenders
5. DECIDE WHAT YOU WOULD LIKE IN A HOME
6. CHOOSE A REALTOR
7. VISIT HOMES
• Take photos and make notes
• Make a home shopping checklist
8. NARROW YOUR CHOICES
• Visit neighborhood during the day and at night
• Test commute to gauge traffic, noise, etc.
• Consider resale value
9. MAKE AN OFFER
Common contingency opt-outs:
• if home appraises for less than mortgage
• if inspection reveals flaws owners won’t fix
• if you lose your job before the deal closes
10. SCHEDULE A HOME INSPECTION
11. MAKE A FINAL WALK-THROUGH
• Test light switches and sockets
• Check that windows and doors work
• Test faucets, drains and toilets
12. CLOSE AND MOVE IN!
SOURCES: HUD.gov, Realtor.com, Bankrate.com
Thinking of buying a property or just have a few real estate questions?
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Choosing the right professional Realtor with experience and skill to sell your property is essential. Homes that are priced right, marketed digitally and professionally sell for the most money in the shortest amount of time.
— Max Ricart, Maxx And Associates Broker/Owner
MAX HAS OVER 17 YEARS OF REAL ESTATE EXPERIENCE, SPECIALIZING IN MIAMI PROPERTIES
MORE THAN 1,500 HOMES SOLD
YOUR FOR SALE PROPERTY FEATURED ON OVER 500 LOCAL/WORLDWIDE SITES