Law Office of Kimberly A. Abrams & Associates, P.A.
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Real Estate Transactions Archives

Is inventory beginning to outweigh demand for condo real estate?


South Florida residents probably can't help but notice all of the condo towers that are popping up all over the place. With the real estate downturn of a few years back seemingly firmly in the rearview mirror, developers and investors are taking full advantage of the fact that the local real estate market is a hotspot.

The key to a good deal is a good closing


By the time you're starting to prepare for the real estate closing on the home of your choice, things are probably getting pretty exciting. The closing date is usually the day when ownership of the home is officially transferred, and the keys are dropped into your hand. It can certainly be a thrilling time for any home buyer, but there is plenty of work to do leading up to the big day.

What do I need to do when it is time to sell my home?


While previous posts here have emphasized that buying a home is usually the most significant financial move most people will make in their lives, a close second is probably the decision to sell your home. But, many people don't realize the effort they will need to put in to make the most of this all-important cashing-in opportunity, and they are left asking themselves, "Just what exactly do I need to do when it is time to sell my house?"

Is the South Florida real estate market stabilizing?


Although the news regarding South Florida real estate has remained positive throughout this year thus far, the last few weeks our readers may have noticed that there have been a few negative reports amidst all of the positives. The hope is that this is just a sign of a bit of market stabilization, as opposed to a sign of a potential downturn. For instance, a recent report that analyzed the data on real estate transactions in South Florida from June of this year noted that while the local market for single-family homes in the area was strong, other residential real estate, like townhomes and condos, didn't fair nearly as well.

Luxury real estate is putting Miami on the map


One of the basic principles in real estate is that certain areas will have higher values and sales prices than others. Most people have heard the saying "location, location, location." Location is everything in real estate, and if any of our readers are at all familiar with the real estate market that surrounds them, they know that South Florida is one of the pricier areas in the country.

Foreign buyers eye Florida for real estate deals


As our Florida readers may have noticed, recent news coverage about the immigration crisis at our country's border with Mexico is leaving some people with an unfavorable view of potential immigrants to America, sometimes regardless of whether they are legal or not. This is unfortunate, but, for foreigners interested in purchasing homes in America, many as second home as they remain citizens of their home countries, it appears that Florida is creating the right type of environment for these real estate transactions.

Pricey South Florida real estate selling quickly


By now our readers probably know that many of the real estate deals concluded in South Florida these days are all-cash agreements. But, what many people may not know is that this also applies to real estate transactions involving properties with sales prices over $1 million.

Is this the first glitch in the South Florida housing recovery?


It seems that the near daily reports about how hot the South Florida real estate market has been for the last couple of years may not actually be matching the conditions on the ground. According to a recent report, the local condo market in particular took quite a hit over the winter months, with the number of real estate transactions for these properties diving to rates not seen in over three years.

South Florida real estate market sees more cash buyers


For most prospective buyers getting into the real estate market, one of the key steps in the process is applying for a mortgage. This process can be a bit tedious, with the mortgage broker requiring loads of information before a decision is made. But, in South Florida, it appears that this part of the home buying process is being circumvented with more regularity.

Noticeable changes in the South Florida real estate market


If any of our South Florida readers have been listening closely, they have likely heard the beginnings of rumblings about one of the most dreaded words in all of real estate: "bubble." For local residents, it is fairly easy to see why this could be a growing concern. All it takes is a drive by any of the dozens of local construction areas, where condo towers seem to be popping up like spring dandelions. After all, a rapid increase in inventory, along with rising sales prices, is what played a major role when the last real estate bubble burst several years ago.

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