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South Florida Residential Inventory

South Florida Residential Inventory

South Florida Inventory

Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. — Christopher Cameron

I hope you find this information useful.  Contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Why Is Location So Important When Buying a Home?

Why Is Location So Important When Buying a Home?Location Location Location

A: Location remains the single most important factor when choosing a home. It can make or break the value and desirability of a home.

Because everyone’s preferences vary, your lifestyle will determine the best place for you to live. Some people prefer the suburbs while others thrive on downtown living. If you favor city living, find out what part of the city suits you best – a fast-paced neighborhood or one slightly more subdued. Talk with the neighbors and keenly observe such things as traffic patterns, lifestyles, and even sounds and smells.

When choosing a town, take property taxes, schools, accessibility to work, services, recreation, and the character of the community into consideration.

I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

What’s Happening in Florida’s Housing Market?

What’s Happening in Florida’s Housing Market?

In this Market Minute, Florida Realtors® Chief Economist Dr. John Tuccillo updates you on the state’s latest housing statistics and provides insight into what the numbers really mean.

I hope you find this information useful.  Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

How Much Is Your Home Worth?

How Much Is Your Home Worth?

An accurate assessment of your home’s value is an important first step in selling your house quickly and for a fair price.

There are several ways to determine your home’s value:

  • Comparative Market Analysis
  • Appraisal


Contact  me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

5 Things That Can Go Wrong with Your Real Estate Transaction

Be Prepared: 5 Things That Can Go Wrong with Your Real Estate TransactionWhat Can Go Wrong?

Buying a home is one of the most exciting times of a person’s life. However, it’s important to realize that any real estate transaction is a very intricate process fraught with many pitfalls along the way. As Lexington, Mass.-based REALTOR® Kristin Brown Orr explains, “Every sale is different, with different buyers, different sellers, and different intermediaries. It’s no wonder people find the process so daunting with all of its legalities, documentation, and fine print.”

According to Orr, the more buyers understand the potential problems that can occur when buying a home, the more prepared they will be to protect their interests. To that end, Orr highlights five problems homebuyers need to be aware of…along with potential solutions:

  • Failed home inspection. If the home you are buying does not fair well upon inspection due to health or safety concerns like mold, radon, faulty electrical systems, or structural problems, the seller should fix these issues or extend you a credit or discount in the sale price so that you can have them fixed. If he refuses to do so, you have the right to back out of the sale and search for a new home.
  • Seller is poorly motivated to sell. If a seller’s heart is not in a sale, he might be prone to missing or canceling appraisals and inspections – all of which could threaten your purchase.
  • Seller hasn’t found a new home to move into. If a seller has trouble finding a replacement property and refuses to consider temporary arrangements, you might find yourself in a tricky timing situation – particularly if you have a closing date on the home you are leaving. Are you prepared to wait it out in temporary housing while you wait for the seller to move out?
  • Title issues. If your seller owes money on the property you are buying, either for repayment of a debt, failure to pay taxes, or because money is owed for repairs or work done on the property, creditors with an interest in that property may take out a lien, rendering the seller unable to sell until those debts are repaid. In the meantime, you won’t be able to make the purchase.
  • Failure of the seller to make agreed upon repairs. If the seller has contractually promised to deliver the property to you in a certain condition and fails to deliver, you have the right to terminate the contract and back out of the sale if you are not prepared to accept the property as is. An alternative to this situation is to talk to your attorney about either requesting a sum of money to do the fixes yourself, or request a hold back.

“The concerns listed above may seem gloomy, but it’s important to remember that most real estate transactions wrap up smoothly,” says Orr. “Being educated about the potential pitfalls will simply give you a leg up on any problems that may arise. Do your homework and beware of risks. Keep informed in order to safeguard against anything within your control and keep a watchful eye so that if something does go wrong, you can address it immediately and land yourself the home of your dreams.”

I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 24 Comments »

For Sale: One Island Place Condominium

For Sale: One Island Place Condominium

Property Address: 3801 NE 207th St, Unit 902, Aventura, FL 33180

Price: $689,900.00

Maintenance Fee: $1,529.00/month

[youtube]http://www.youtube.com/watch?v=6Ta3qLd1j9s&feature=colike[/youtube]

This condominium located in the City of Aventura, FL, features 2 bedrooms plus a den, which can easily serve as a third bedroom, and 2 1/2 baths, in 2,370 sq ft of living space.  When you take the private elevator to the 9th floor and step into your own foyer the residence’s double doors open to reveal a luxurious and relaxed ambiance with stunning views of the Intracoastal and ocean.  An air of refined elegance is evident in all of the condominium’s interior spaces.  Sand colored ceramic tile floors and harmonizing couches and tables complement the surrounding blue skies and water.  The sizable center island kitchen features a Sub-zero refrigerator, Thermador appliances and Poggenpohl cabinetry.

Impressive amenities include:

  • 2 garage parking spaces
  • valet parking
  • 24-hr security gate
  • 24-hr lobby attendant
  • 2 heated swimming pools
  • fitness center
  • 2 tennis courts

This fully furnished residence, with 628 sq ft wrap around balcony and unparalleled water views, is a total stand out.

For more information or to schedule a private showing please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Is The Housing Market In Recovery?

Is The Housing Market In Recovery?


I hope you find this information helpful.  Contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Downtown Miami 2020

Downtown Miami 2020

Video illustration of ten billion dollar boom coming to Downtown Miami by the year 2020.

Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Real Estate Bidding Wars Are Back

Real Estate Bidding Wars Are Back

Pending-home sales in March hit their highest level since April 2010, spurring the return of real-estate bidding wars. Nick Timiraos reports on The News Hub.

Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Ellen Degeneres Talks Real Estate

Ellen Degeneres Talks Real Estate

I hope you got a good laugh, like I did.

Written by Michael Solovay | Discussion: No Comments »

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