Here is a great article I found about South Florida Real Estate. It certainly is a positive read! It’s a good year to snatch up some luxury real estate. According to ONE Sotheby’s International Realty’s year-end report, 2017 will be a buyers market thanks to an abundance of luxury options available. Sellers are expected to reduce their prices, particularly in the $1 million to $5 million range. That is thanks in part to the end of the election season and an increase in consumer confidence, said Anthony Graziano, senior managing director for Integra Realty Resources — Miami/Palm Beach, which produced the report. In 2016, Miami-Dade County had 36 percent more single-family homes available in the $1 to $5 million range than in 2012, according to the report. The number of single-family homes in that range was up nearly 25 percent in 2015 over 2012, while prices were lower by 3.5 percent. “Most of that product tends to be on the waterfront, and as a result, the waterfront pricing took a hit because there is more inventory,” Graziano said. Miami-Dade prices for non-waterfront properties, both single-family homes and condos, rose in 2016 by 9 percent, he said. This year, the majority of Miami-Dade single-home sales are expected to be in the under-$1 million market, the report said, forcing sellers for higher-priced homes to bring down their prices. Brickell, downtown Miami, Edgewater and Midtown continue to lead the market, with almost 60 percent of all new units being delivered in 2017 and 2018, the report said. After 2018, Sotheby’s predicts a shift in new units to Miami Beach, Sunny Isles and Hollywood Beach, followed by a smaller number of boutique units in South Beach, Miami Beach and Surfside. Also incentivizing buyers this year is the specter of higher interest rates, which are expected to increase twice in 2017. 36 percent Increase in available single-family homes in the $1 to $5 million range in 2016 compared to 2012 “If interest rates are continuing to go up and the market senses that, that’s going to bring people up from the sidelines to buy at this price and lock in my interest rate for five to six years,” Graziano said. In the condo sector, a slowdown of buyers from Latin America is expected to continue, while domestic buyers and those from Canada and Europe are expected to increase. “Remarkably, the Miami brand continues to sell worldwide, and long-term trends indicate no reversal in Miami’s fortune as the dominant gateway city along with NYC and San Francisco,” the report said. Still, the overall condo market is expected to remain choppy. The loss of Latin American buyers will drop waterfront condo prices by another 5 to 8 percent. Non-waterfront condos are expected to drop their prices by 3 percent, making it a good time to buy a resale condo in Miami. But new units are projected to maintain or increase prices. If interest rates are continuing to go up and the market senses that, that’s going to bring people up from the sidelines to buy at this price and lock in my interest rate for five to six years. In Broward County, the single-family-home market is expected to continue its growth from 2016. Broward homes, in large part because of their value, are priced 30 to 50 percent less expensive than comparable homes in Miami-Dade, the report said. The condo market will benefit from an influx in domestic retirees that will snatch up properties in Broward, instead of Miami-Dade, because the dollar stretches farther, Graziano said. “People make housing choices and say, ‘You know what? I’m going to go here,’ ” Graziano said. “They don’t have to move to Miami. For them, this is their retirement home, so more people are looking at Broward as an alternative.” A positive economy — Florida was one of four states in 2016 with 3 percent employment gains — is likely to drive the region to a successful 2017, the report predicts. “I personally think 2017 is going to be a better overall year [than 2016]” Graziano said. If you are one of the many people moving in 2017, don't forget to call Lucky Moving for your moving, storage, and packing needs! This article is complimentary of the Miami Herald, originally posted here. Source Here 2017 is a good year to buy luxury real estate in South Florida, experts say via Blogger 2017 is a good year to buy luxury real estate in South Florida, experts say
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Moving Tips
Moving a house is an important and potentially exciting event in your life. We hope that this list of Moving Tips we have compiled will help you prepare for the move. Prepare Ahead – When moving house, you will have to organize many things ahead of time. Make a list of the things you have to do. Get plenty of packing material, think about the furniture and other belongings that you want to move, and the items you need to leave behind. If you have small children, or pets, for example, you will also have to organize care for them. Moving boxes – You may have already bought your new home, but to get the moving process going, it is essential to get moving boxes and other packing material. Communicating with your moving company – It is essential to choose a moving company that is willing to help you whenever you need advice, and with whom you can communicate effectively. Establish the date of moving well ahead, do not be afraid to discuss anything you need to know, and confirm the removal again a few days before the moving day as well, to avoid any misunderstandings. Decide what to take and what to leave behind – You will not necessarily want to take everything with you. Make a list of the things you are definitely taking with you – It is also useful to have an inventory when you are unpacking, and it is a requirement at customs when you are moving. Don't just throw away the items you are leaving behind. Ask your relatives and friends if they want anything, give the things to charities, or organize a garage sale. Think about your new home – Draw up a map of your new home. If it is considerably smaller than your current home for example, you definitely need to leave some things behind. If you start packing based on how you are planning to unpack in your new home, moving in will be much easier. Packing - If you will be packing yourself, you should start packing your items a few weeks before the moving day, and go through everything systematically. Label moving boxes clearly, and pack essential items only in the last few days. Don't put too many or too few items into one box. Notify gas, electric, gas and water companies in advance – As you are changing address, you will have to notify these companies, banks, friends and relatives to send your mail to your new address. Notify your employer, and if you have any children, you will have to take care of changing schools as well. Do not pack personal documents, jewelry and money – You might need these items during the removal, or while they are in storage. Don't pack items that you will need right after you move in, or always keep track of where you are putting them. Be present on the moving day – To ensure that everything goes as planned with the removal team, it is important to be present on the moving day Check your old home once more – Check that you have not left any items behind. Also turn off gas, electricity and close all the windows. Packing Tips Get plenty of packing supplies in time – You will need lots of packing supplies. No matter how small your house might seem, you will probably need more supplies, and boxes than you would think. You will need a variety of packing supplies – Use strong and sturdy boxes of different sizes, get bubble wrap and newspapers to wrap fragile items. Tape, scissors, and a marking pen will be crucial, while wardrobe boxes and mattress bags are also useful. Make an inventory – Keep track of what you are putting in each box. This way you'll know right away where you can find anything while unpacking. This might seem unnecessary after 5 boxes packed, but once you've packed up the whole house, the pile of packed boxes with all your belongings will seem much more daunting, and a detailed list will be very handy. Organize the packing – A single packing box should ideally contain similar items. Try to fill a box with items from one single room, and pack one room at a time. Think about your new home, and pack accordingly. It is also crucial to label every box very clearly. Select the right size – Try to pack heavier items, books, canned food for example in smaller boxes, and lighter items in bigger boxes. Avoid loading more than 50 pounds into one box. How to pack the boxes? - Heavier items should always be placed at the bottom and lighter items on top to prevent damage. Use paper and bubble wrap – wrap fragile and valuable items thoroughly, and wrap everything individually. Fill all boxes, but do not overfill. Cartons that are under-filled can crush when another box is placed on top. Close every carton and seal with tape to avoid damage. Don't forget to label each box. Personal boxes & essential items – Every person should pack a box with the items they'll need right away in the new house. Also prepare a box with general essential items, like snacks, cleaning supplies, bed sheets that you will need right away. This box should be loaded last and unloaded first. Keep personal items with you – Do not pack official documents, passports, driving licenses, birth certificates, financial documents, cash and jewelry. Keep these items with you, as they are not easily replaceable, if at all. What not to pack? - Hazardous, flammable, and explosive materials should never be packed as it is dangerous and illegal for movers to transport them. Dispose of these safely in all cases. Perishable items, such as plants and perishable food should not be moved either. Source: Moving Tips |