Miami Beach Real Estate Blog

Miami Beach Real Estate Blog

Wednesday, April 14, 2010

Tomorrow’s the big day, Miami Beach residents.  If you’ve been stuck inside your Miami Beach homes procrastinating from doing your taxes for the last three months, the official deadline is tomorrow the 15th.  Before you go about taking care of the matter, you may want to use some tips that might save you time, money, and of course energy and the environment.

If you have a fairly basic tax return and are still going to a traditional tax preparation office to get them done, consider doing them online instead.  Besides cutting down on paper you can receive a refund much quicker by filing electronically, allowing you to use that money towards your Miami Beach homes mortgage, bills or something else entirely.

Is there a new plug-in electric vehicle parked in the driveway of your Miami Beach homes?  First of all, congratulations on choosing to dramatically reduce carbon emissions and fuel dependence.  Mention that new vehicle purchase on your taxes and you could see a sizable deduction of anywhere between $2,500 to a whopping $7,000+ depending on how large the battery is.

Finally, if you’ve invested in new insulation for your Miami Beach homes, you can also jot that down as and you’ll get tax credits of up to $1,500 for reducing your reliance on having to turn on those energy sucking A/C units.

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Monday, April 12, 2010

Assuming you’ve been reading up on the daily happenings of real estate in South Florida, you’ve likely heard about a looming wave of foreclosures that will happen any day now, perhaps once homeowners who’ve had their loans for Miami Beach homes modified find they still can’t make those monthly payments.  Sadly we cannot predict the future and prepare for it but at least for now, there’s some good news to report when it comes to the foreclosure problem here in South Florida.

The first quarter of this year saw foreclosure filings tumble by just over twenty percent compared to 2009.  That drop follows the seven, nineteen and twenty percent drop in foreclosure filings during January, February and March respectively.  For once, words like Miami Beach homes and foreclosure can be used in the same sentence without some bad news attached.

For largely the same reasons that have accounted for increases in the sale of Miami Beach homes as of late, government relief efforts plus those aforementioned modified mortgages seem to actually be keeping more people in their home.  Will this trend continue throughout the rest of 2010?

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Friday, April 09, 2010

Are you among the many people on the fence trying to decide between buying Miami Beach homes or playing it safe and renting them?  Your situation may be more suited for renting versus buying and vice versa but if time and money allows, you may want to carefully consider the prospect of homeownership and what it can offer you.

Foreclosures, plunging home values, all of these things are certainly worth being concerned about but regardless of how the housing market may be doing at the moment owning Miami Beach homes remains perhaps the most effective way of building wealth on a long term basis.  Assuming you’ve signed a fifteen or thirty year mortgage, the amount by which your home is expected to appreciate by the time you’ve fulfilled your commitment is quite significant.

Besides its financial perks, owning Miami Beach homes appears to have positive effects on your general well being.  Studies have shown that people who own their homes enjoy an improved quality of life even if they deal with more financial responsibilities.  Plus, it’s great to have the freedom to customize your home to fit your tastes and show it off to visitors.

Yes, prices for Miami Beach homes are low but don’t base your decision solely on that.  Evaluate your financial situation and your needs and determine whether homeownership is ultimately right for you at this time.

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Wednesday, April 07, 2010

If you live in Miami Beach homes like those on La Gorce Island or Pinetree Drive you’ve at least heard of The Forge restaurant.  After all, this mainstay has been around for over three decades and remains a popular dining hotspot in the city.  What you may not be aware of is the fact that The Forge is no longer the same place most people remember.

The Forge only recently reopened to the public.  What was it doing closed this whole time?  Completely revamping itself to become something closer to a dining as well as social gathering place, great news if you need somewhere else to hang out near your Miami Beach homes.  Everything from the interior design to the improved sense of space and American cuisine has been refreshed.  Speaking of which, the latter is prepared by Dewey LoSasso, an established name in Miami Beach who also happened to prepare dishes for major household names like Donatella Versace.

The Miami Beach homes of Pinetree Drive are right across the street from The Forge so there’s no reason not to stop by on an evening or weekend to see what’s new and improved.  No matter where you live however, the restaurant and wine bar is in the middle of Miami Beach so you can get there in no time.

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Monday, April 05, 2010

As each day goes by, homeowners and nearly anyone who works in real estate waits patiently to see if we're that much closer to reaching the market bottom.  Ever since the market downturn, speculation as to when that would happen has been rampant but the reality is that prices for property like Miami Beach homes have still dropped.  Still, some recent statistics may prove the bottom is closer than we think.

For the first time in three years, the Standard & Poor's/Case-Shiller 20-city home price index managed to post its smallest decline back in January, a good indicator of where things may be headed.  Not entirely surprisingly however, South Florida didn't fare as well as one may have hoped.  Between January of this year and last prices dropped by more than six percent, showing that Miami Beach homes still have a tough road ahead.  Thankfully however, South Florida didn't do as bad as some of its neighbors like Tampa.

On the one hand, market experts claim that property like Miami Beach homes will no longer see huge price plunges.  Then again, others believe that the end of the homebuying tax credit and looming foreclosures will soon make things worse.  Where do you see things going?

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Friday, April 02, 2010

If you're among the many people who frequent trade shows, conventions or expos and you live in Miami Beach homes, this year is shaping up to be quite exciting.  A number of various events are taking place in Miami Beach and nearby, some new and some classic mainstays that appear every year.  Which of these will you be attending?

Sailing and boating enthusiasts have two somewhat similar shows they can attend, the first being the very popular Fort Lauderdale International Boat Show to the north of Miami Beach homes in Broward County.  The largest show of its kind in the world kicks off on October 28.  The other event has already come and gone, that event being the Miami International Boat Show.  But since the one in Fort Lauderdale is right around the corner, you'll still be able to get your boating “fix” later this year.

Speaking of Miami Beach homes, the Home Design and Remodeling Show is also a longtime favorite and it happens to take place twice a year, once in Miami Beach and once in Fort Lauderdale.  The one held at the Miami Beach Convention Center boasts 800 exhibitors, 100 more than its Fort Lauderdale counterpart.  If you're looking for some new creative ideas and didn't make it to the first one held last month, definitely schedule some time to check out the Fort Lauderdale one starting on the 25th of this month.

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