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 Monday, June 24 2024 @ 01:39 pm UTC

Miami Real Estate Market

The Miami area is experiencing a real estate boom with the increasing number of construction works from downtown Miami to nearby areas. The surge in the demand of real property in Miami has been attributed to pre-construction sales which allow real estate investors to have a stake in the property sans the payment of taxes.

If you are thinking of buying real estate properties in the Miami area the time is now. Check out the various real estate specialists who can make your real estate transactions easier and more efficient. Realtors can show you a complete list of all available properties whether they be commercial or residential.

Also included in the listing of realtors are luxury homes, apartments, condominiums, and affordable homes depending on your budget. You can also choose to buy properties from different areas in Miami including Bal Harbour, Aventura, Coconut Grove, Miami Beach, downtime Miami or Fisher Island.

Under the pre-construction scheme, you have to pay at least ten percent of the property’s price during the signing of the contract. You will then have a choice of paying installments of ten percent of the total amount of the property either within six months or when the building’s foundation has been constructed.

Real estate investors make money in pre-construction schemes in many ways. First, they can pay the twenty percent down payment in different periods. When the construction phase begins, the pre-construction buyer can opt to avail of the resale program of the developer by selling his property to a second buyer which then releases his initial deposit.

People who are more interested in taking advantage of what Miami has to offer for its residents can join the almost 93 thousand Miami residents and buy a residential property in the area. While the original structures in the area were mostly single family units, it has become so diverse as to accommodate tiny cottages, golf courses, mansions, condominiums and even studio apartments.

There are plenty of picture perfect areas to choose from in Miami such as South Beach, Key Biscayne, Coconut Grove or the Community of Coral Gables.

Artists and fun-loving people tend to choose Miami Beach because of its nightlife and the cool scenery. It is one of the most popular areas in Miami and is characterized by the South Beach Art Deco architecture design. If you want to brush elbows with celebrities, well if you are lucky enough to even see them near, then opt for properties in the Biscayne Bay islands.

Biscayne Bay may be a secluded island but it offers quality living to the tune of $600 thousand to as much s $11 million. The high price f real estate property here is due to the peaceful and almost heavenly environment the place offers to those who can afford her price. Residents revel in the simple pleasures of biking, rollerblades and walking.

If you want to be in the center of everything then why not try Coconut Grove? The area is host to Miami’s pioneering and bohemian settlers. Here you will find the old world charm of almost fifty five restaurants in an array, movies, coffee shops as well as theater and art productions.

If you are a golf lover then you might want to get hold o real estate properties in Coral Gables as it boasts of greeneries, public fountains and three golf courses. The place ha sits own share of history and boasts of a mixture of Spanish, Dutch, Chinese, French and Colonial architecture.

There are plenty of real estate prospects in Miami; you only need to match them with your lifestyle, preferences and of curse, budget.

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