Monday, April 5, 2021

Coconut Grove, a great location to live in Miami

 


Coconut Grove is one of the oldest neighborhoods in Miami, it was founded around the 1800s and is located between Brickell and the city of Coral Gables, but… besides this, what makes it special and unique?

 

It is strategically located. It is close to several key areas in the city; the financial center of Miami, as well as shopping and entertainment areas. Coconut Grove also offers families a quiet space to live, surrounded by vegetation and trees, which provide a touch of privacy and exclusivity to the houses and villas in the area.

 

Among the activities that you can enjoy in the area are:

 

Visit parks such as Peacock Park: with recreational areas, baseball fields, basketball, and tennis courts. It serves as the stage for various events during different times of the year.

 

Visit the Vizcaya Museum & Gardens, a museum that was originally built in 1914 as a European-inspired winter villa, surrounded by gardens, sculptures, and fountains. It is currently a certified historical monument and museum.

 

In Coconut Grove you can bike the Commodore Trail, a 5-mile paved route that runs along South Miami Ave., Bayshore Dr., and Douglas Rd.

 

In addition to this, it is very close to the Peacock Park marina and there is a good area of ​​restaurants, cafes, and bars for all tastes, which feed the "bohemian and chic" life of the urbanization.

 

Coconut Grove is the ideal place for a quiet life, close to everything that is important in Miami. Enter our website and visit the properties for sale in Coconut Grove https://www.miamiriches.com/forsale

Friday, March 5, 2021

Why New Yorkers keep moving to Florida.

 


Lower taxes, better weather, and the coronavirus are driving nearly a thousand people a day to come to Florida, according to the Miami 2020 report. According to the Daily Mail, and citing The New York Times, during the coronavirus pandemic hundreds, nearly thousands of Americans are reportedly moving to Florida every day as entire families leave cities in upstate New York, New Jersey, and Connecticut.

 

The reason?  Even though "everything is more expensive" in the Sunshine State, the interest rates on properties are not so high compared to the rest of the cities in the north of the country.

 

The environment propitiated by the pandemic paralyzed prices so much so that, for example, in counties such as Palm Beach, new contracts for single-family homes over $1 million experienced a 268% increase compared to the same date last year.

 

According to The Daily Mail, since COVID-19 began, the so-called "rich end of the market" expanded "in major South Florida markets," as well as in Tampa and St. Pete.

 

Experts believe that the possibility of a second wave of COVID-19 also plays a role in this movement of approximately 950 people daily. What better place than Florida, with its warm temperatures, to pass the disease?

 

The reality is that home sales in some parts of Florida have more than doubled since March 2020, in what they call an "unprecedented demand."

Friday, February 5, 2021

All that you have to know to rent or sell your property in Miami


There are many things to take into consideration if you are looking to rent or sell your property in Miami.

Many people take several factors into account before making a decision, that is why we believe you should consider the following if you want to rent or sell your property:


1.   The location: This is a fundamental factor.

The location of a property will make the difference for people who want to buy your property. If you are close to universities, transportation, shopping centers, or if you are close to the main access roads of the city, you will be able to sell or rent your property much faster.


2.    Be careful with the price. Remember that everything depends on the area where your property is located.

Do not try to set a price above the market, because if you do, it will be very difficult for you to rent or sell your property in Miami.


3.    Expenses: If you are going to rent your property, take the expenses into account.

There are many mishaps or accidents that your potential tenants may suffer. For this reason, before generating a rental contract, take unforeseen expenses or accidents into account.


4.    Remember to have all your papers in order:

Remember to have all your papers up to date, so when the time comes to sign a rental or sale contract for your property, you will not have to wait so long for the paperwork.

 

Take these factors into account and you will see that you will be successful with the sale or rental of your property.

Tuesday, January 5, 2021

How is real estate changing according to the demands of the new generations?


 

Hard as it may be to believe, today's millennials aren't living in their parents' basements; rather, they're buying multimillion-dollar homes.

At 38%, millennials -adults born between 1981 and 1996- represent the largest proportion of homebuyers in the U.S., according to a National Association of Realtors survey released last year. "They are just as interested in owning a home. They've just waited longer to buy their first one," says Bradley Nelson, director of marketing for Sotheby's International Realty. Affluent millennials, Nelson says, are going big.


Market Preferences

Millennials are the most educated generation in history, have higher incomes and are poised to inherit more than any previous generation, according to a May 2020 report from the Brookings Institute.

Millennials are characterized by their tech-savvy and environmentally-conscious values, and their millennial preferences are poised to dramatically shape the market.


Luxury headwinds

In addition, amid the indiscriminate decline in overall tax revenues caused by the pandemic, governments around the world are re-evaluating property and estate taxes as a means to cover budget shortfalls.

"For all buyers, tax implications are going to be a bigger part of their consideration when buying a home," Nelson says.

For the growing cohort of young, affluent buyers eager to get their dream home, millennials face a dearth of options that meet their unique tastes. "Inventories are near historic lows across the board, and especially for homes with the features they're looking for," Nelson says.


The world is definitely changing, and millennials know it. Miami is a place that they will probably like to live in.


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