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Sellers Category

Market Update: Grovenor House

October 29th, 2012 Written By Carol Pawley

The Grovenor House located in Coconut Grove, is a 32 story luxury condominium developed by Ugo Colombo in 2006. Features include estate-sized residences, two-story penthouses with private pool, private elevators, floor-to-ceiling glass walls, touch-panel concierge services and stunning waterfront views. The Grovenor House market looks like a roller coaster, inventory goes up & down and so do the sales. In the last couple of months the average price per sqft has also decreased. Here are three charts. Chart 1 shows what is for sale/sold  chart 2 shows average price per sqft & chart 3 shows the average price for sale/sold.

Click here to see Grovenor House condo’s that are for sale.

 

Throughout the years I have helped many friends and clients purchase or sell property in the Grovenor House.  If you are interested in purchasing or selling a home, please contact me as I can give some first-hand sound advice with no pressure.  Please send me an email at [email protected] or call me at 305-992-6188.
 
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Subscribe to Miami Real Estate & Beyond!

October 29th, 2012 Written By Carol Pawley

If you like reading Miami Real Estate & Beyond and want to get my posts delivered straight to your email, click here to subscribe!  You will receive a follow-up email and you must click the “SUBSCRIBE” button to confirm your subscription.

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Market Update: Coral Gables Condo’s over $750,000

October 12th, 2012 Written By Carol Pawley

The Coral Gables condo market over $750,000 price per sq.ft. seems to be increasing each month. The price per sq.ft. for the month of September is almost double than what it was in April. There were no sales in the month of July. Below is a chart showing price per sq.ft in the last 6 months for condo’s over $750,000.

I keep up to date on the market.  I make sure my clients are well informed so they make the best decisions when buying or selling their home. Please send me an email at [email protected] or call me at 305-992-6188 if you are interested in buying or selling a home in Coral Gables

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Regulators OKs Citizens’ Increases For Homeowners

October 9th, 2012 Written By Carol Pawley

 

Florida homeowners and businesses with Citizens Property Insurance Corp. will see double-digit premium increases in most cases early next year. Last Tuesday the Office of Insurance Regulation  approved a 10.8%  increase on homeowners’ policies and an 8.8%  increase on dwelling fire rates. Homeowners with sinkhole coverage will see an increase of 21.4% on their bills and those with dwelling fire policies who want sinkhole coverage will get a 44.8%  increase. Most take effect Jan. 1. Rates for wind-only policies take effect Feb. 1.

Citizens’ has been boosting its rates in recent years to reach parity with private commercial carriers in hopes of shedding hundreds of thousands of policies. Originally designed as the “insurer of last resort,” it has instead become the largest policy carrier for homes and businesses in Florida with roughly 1.4 million customers. However, its maximum exposure far exceeds its financial ability to pay claims in a timely fashion without further charging policyholders or assessing non-Citizens insurance buyers, company officials say.

Regulators last month approved another 60,000 policies for removal from Citizens’ and earlier approved 150,000 policies for acquisition by four Florida-based companies beginning in November. Citizens’ policyholders were to be notified of the take-out request Oct. 1, and will have 30 days to accept or reject the offer. If policyholders do not respond, they’ll be “assumed” by a private sector company.

Read more here

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What’s a Picture Worth When It Comes To Selling Your Home?

October 4th, 2012 Written By Carol Pawley

Whether it’s a real estate agent or a homeowner looking to put a property on the market, having high quality photos of homes for sale is imperative in today’s competitive market.

Generally the first point of contact a potential buyer will have with a home is the photos: Whether they are shown in a brochure, a newspaper or magazine advertisement, or on the internet. The photos capture the eye, generate interest, lead to a viewing, and ultimately a sale. Poor photos will have the complete opposite effect.

The bottom line: Quality photographs sell homes!  We only get one chance to make a great first impression!

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Mortgage rates drop to 41-year low

October 1st, 2012 Written By Carol Pawley

Blooming News reported, U.S. mortgage rates hit record lows today, following the Federal Reserve’s announcement earlier this month that it would be buying up mortgage-backed securities. The average rate for a 30-year fixed-rate loan fell to 3.4 percent, down from 3.49 percent;  the lowest since 1971, when Freddie Mac’s data begins. The average 15-year rate fell to 2.73 percent, another record low, down from 2.77 percent.

Anika Kahn, Wells Fargo senior economist told Bloomberg “ We’ve already seen low mortgage rates even before the Fed action. We’ll continue to see mortgage rates come down. That means affordability will continue to be high.”

Another indicator that mortgage rates may continue to drop is yields on bonds backed by mortgages have fallen even further than mortgage rates, allowing lenders to profit on mortgages at a record high rate.

How low do you think mortgage rates will drop to? Share your opinion below.

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Property Taxes Too High? Deadline to appeal is Sept 17, 2012

September 14th, 2012 Written By Carol Pawley

How do you reduce your property taxes in Dade County? 

By now everyone should have received their 2012 Proposed Property Tax Notice which was sent out by the Office Of  The Property Appraiser.   The deadline to file an appeal for Dade County is Monday  September 17, 2012.  This includes Coral Gables , Coconut Grove,  Pinecrest, Miami Beach  and all municipalities in the county.

If you think your property taxes are too high or if your assessment seems to be above the market value you may be entitled to a tax reduction.  This  applies to commercial as well as residential properties (homesteaded or not).  In order to challenge your assessment you must file a claim with The Value Adjustment Board or call a professional in to do this for you. 

Each year many of my clients ask what they should do.  For the past five years  Tax Savers of Miami, a local company, has successfully obtained reductions on my properties and many of my clients’ residential and commercial properties.   

Don’t wait, time is running out. Log on to www.taxsaversmiami.com for more info.Tax Savers Miami, Inc. is a property tax consulting firm that can assist you in lowering your property taxes, commercial or residential. Here are the numbers;Dade: (305) 740-0118 Broward: 954-458-TAXES (8293).

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