FAQ

Which Neighborhood Should I Consider When Buying a Miami Property?

If you want a primary residence or one where you and your family will spend a lot of time, then lifestyle may control the decision. If you are a foodie and want lots of restaurants near by, you want to be close to work or simply want to be waking distance to the beach, Cat can help you narrow down the areas that fit your lifestyle.
 

Why Should I Use a Buyer's Agent When Purchasing A PROPERTY in Miami?

A buyer's agent has two primary roles. The first is to use their detailed knowledge of Miami, its neighborhoods, and the properties available to give you detailed and valuable information. By doing this, you will be fully equipped to make the highest quality decisions about what to buy, where to buy, how much to pay, and on what terms. The second role is to work in your best interest and warn you about the downfalls or disclose valuable information that the listing agent might not.
 

What do I Need to Know When Buying Property in Miami as a Foreigner?

Our overseas clients often ask this question. Firstly, it is good to know that the US views foreign property owners in the same way it does domestic investors. Therefore, there are no restrictions such as extra stamp duty as there are in many other countries. Same rule applies to taxes, you pay the same amount of taxes as any local home owner. The real estate broker's fee is covered by the seller, so our services are as free to you as they are to all our foreign and domestic clients.
 

Should I Buy a Miami Condo in a New Construction Project or in an Existing Building?

If you want to use the property immediately or to see an immediate return on your rental investment, then the existing property market is the only way to go. A cash buyer or a buyer with financing already in place can close on the condo of their choice and take ownership in approximately 30 to 60 days. If you are okay with waiting 1-2 years for the new project chosen to be completed and you prefer to pay in smaller portions over time, then looking into new developments could be for you.
 

What is the Process for Buying a Pre-Construction Condo in Miami?

Discuss in detail your goals, neighborhood, property preferences, and your budget options. Armed with all that, we will know exactly where to focus, and will take you to comprehensive presentations which will be directed at how the developer and the apartments can meet your objectives. She will take you for a tour of several projects and provide you with renderings, floor plans and all available information about the project.
 

What are the Pros and Cons of Buying a Condo Hotel?

A condo hotel is a development that usually has condo-style apartments, but which operates as a hotel. Owners of an apartment have a deeded property which is theirs to live in but which may be rented out to hotel guests when it would otherwise be vacant. Some premium developers are merging private apartments with hotel suites to deliver a luxury lifestyle, high quality amenities, supported by a strong brand image and good management. Some condo hotels give you the option to rent your unit through a hotel program and they take a portion of the profits or they allow you to rent it on your own or through a third party.

When Buying Miami Apartments for Sale, How Do I Know I am Getting the Best Price?

Miami has a transparent market, so determining market value is straightforward. Resale properties are listed for sale in the Multiple Listing Service (MLS) managed by the Realtor Association of Greater Miami and the Beaches. This gives us details about each property currently on the market, shows how long it has been listed, what price changes it may have had, etc.

What Are the Tax Implications when Buying A PROPERTY in Miami?

Firstly, foreign owners are treated the same as domestic owners as far as most taxes are concerned. Florida does NOT have a state income tax, so property taxes tend to be a little higher in terms of tax property rate than in some other states. That said, prices in Miami are a third or half of that of New York City which mitigates the total cost.

What After-Purchase Services Do You Offer to manage My Investment Property?

We offer light property management services and can assign a person to visit your property as many time as you wish during the month and make sure everything is in order and well maintained. The property manager will coordinate with any providers the property needs such as landscapers, pool maintenance, handy men, cleaning services, etc. We also offer leasing services catered to your needs so you can make money while you are not using your property by renting it for you and you can use it as much as you like when visiting Miami.