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Brickell Realtor for Single Family Homes

When Miami area realtor Steven Vargas sits down to meet with a client interested in buying a South Florida home, they have a general idea of where they’re looking to live, but often haven’t thought much about how they want to live in their new locale.

Prospective home buyers often start looking at the quality of the neighborhood first before even taking a gander at what the prices might be. Unfortunately as the saying commonly goes in regards to food “Our eyes are often bigger than our stomachs.” Essentially what this means is, it is not uncommon for our wants and needs to be out of line with what actual budget possibilities might be. After all, it would be nice if any one of us could afford one of the many luxury homes for sale in Miami Beach, but sometimes this just isn’t in the cards.

This is where the real work begins for an agent. It is up to the real estate agent to educate buyers and walk them through the process, as well as what might be within the realms of possibility for what they are able to afford. It is often that there are things that home buyers haven’t even thought of, as Miami area real estate is not only nuanced for the agents but buyers and sellers as well.

By no means is anyone saying that the purchase of a home in Miami is a bad idea; quite to the contrary actually, but the important thing to realize is that there has to be a realistic look when choosing a home in relation to the way a home buyer wants to live with a new home address in Miami Florida.

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Miami Homes and Condos

There are some distinct demographics that will gravitate to particular living styles, therefore changing the type of residence that they will usually choose. With the risk of sounding somewhat stereotypical, buyers that are usually interested in the purchase of a condominium are younger or older, leaving out the median ages.

Younger people interested in condo life are regularly childless, and older buyers commonly haven’t had children, were uninterested in the pursuit of family stylized living,  or their children have already moved on with lives of their own and are no longer their parents’ responsibility.

People have to live somewhere and the question that arises is “Do you want to pay for you own mortgage with the inevitable goal in mind of eventually being free of these financial obligations, or are you more interested in paying rent and worrying about the relative permanence of ownership at another time?” With the state of the area market, and so many Miami and Miami Beach real estate listings available, owning is normally less expensive and a better option for people in opposition of renting.

The real estate market in Miami-Dade, a popular county for those looking for their first foray into a residence in Miami, is quite stilted towards the condominium market with less than half of the area’s housing units being devoted to freestanding family homes. There are some neighborhoods like Brickell, where nearly every home in the area is a condominium. The Brickell area experienced a huge resurgence after the real estate crash, with thousands of new condominiums not only requested but delivered upon since this recession.

There are some neighborhoods in Miami that are a stark contrast to this “condocentric” way of life, however. Miramar and Pembroke Pines offer virtually no condos, with the main percentage of housing available being dedicated to that of single-family homes. In some cases, this contrast has raised the demand for particular types of living domiciles and therefore driven up the property prices beyond that of what many middle-class income buyers are able to afford. This is the case for buyers seeking a South Beach Miami property for sale, and even the once affordable South Miami area where median home values have increased to nearly $500,000.

Distinct Differences in Living Style

A buyer’s decision about what to buy is dependent upon what stage of life a buyer is in and what they are looking to do with their new residence. South Miami provides a great school system and large lots for homes. These types of things cost more money to purchase but most parents are looking for these amenities when making a purchase and will be more willing to find the money to get what they need for their growing family.

There really aren’t many similarities between buyers that are looking for family homes and condominiums as what each lifestyle offers is quite different. The sale price for a condominium will normally be less than that of a house, but offer less square footage and may be missing some of the amenities. A positive here though is that property taxes will be far less than that of a large plot in the same the area.

If buyers have pets, want a yard, privacy, or a preeminent quality schooling system they will most likely be in the market for a house. Owning a house does come accompanied with the responsibilities of repair and maintenance. This can mean fixing a broken window or door, all the way to dealing with pest infestation or fixing leaking fixtures. The good part of home ownership is that you are afforded more control over the situation, and there are fewer rules and restrictions than living in a condominium. [/showhide][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][optima_express_toppicks id=”459089″ sortBy=”ds” displayType=”grid” resultsPerPage=”12″ header=”true” includeMap=”true”][/vc_column_text][/vc_column][/vc_row]