Elite Sales Group Miami Real Estate Blog

The #1 Reason to List Your House Right Now   1.9KSHARES 1.7K 92 28 149 The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available...

Buying a Home Early Can Significantly Increase Future Wealth   11.6KSHARES 11.3K 135 42 189 According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream of homeownership is alive and well within...

  What To Consider Before Buying An Older Property Whether it's the character and charm of an older home with its original features, hardwood floors, and wood burning fireplace, or the quaint historic feel of the neighborhood in which it is found, there is a certain appeal to older property.  But purchasing...

Miami-Dade commissioners approved a $10 million subsidy for a developer to build what was described as one of the largest movie studios outside of California, the second government-backed production facility in the Miami area.

Miami-Dade included the economic-development program in a 2004 ballot initiative that approved $2.9 billion worth of projects. All but $15 million has been allocated since commissioners approved their first earmarks on Nov. 5, which reserved $10 million for a commercial complex and private-jet terminal at the Opa-locka Airport and $14 million for a theme park a developer wants to build next to Zoo Miami. The allocation that drew the most controversy was the commission’s later decision to give $9 million to SkyRise Miami, the observation tower that won a Miami referendum while promising not to use city funds in the project.

Elite Sales Group Real Estate located in Coconut Grove, FL  brings to you some great Design Studio ideas we found for Wood Cabinates read more....... What Goes With Wood Cabinets? ...

Brought to you by Elite Sales Group clean, crisp white colors and regal grey wall  tones are sure to make a hit this 2014 season in any home read more....... Rethinking the Master Bedroom ...

Backyard Summer Entertainment Ideas

When it comes to entertaining outdoors, there's no place quite like your very own backyard.  Many friends, co-workers and families enjoy the warm summer weather by spending as much time outside as possible, and one way of doing that is by making it a fun place to be. The Elite Sales Group Real Estate Team joins in this summertime ritual each year with a annuel summer pool and BQ party. 

Get Out Your Grill 

The smell of a freshly grilled hot dog or hamburger… the unmistakable taste of a meal that's been prepared outdoors… the excitement of getting together with family and friends for a barbecue… these are all things that you are sure to enjoy and, if you really want to get things cooking, you will get out your grill and cook up something that your entire family will love. 

A cookout is a fantastic idea for summer entertainment, which means it is perfect for both small and large groups.  Whether you prefer a quiet dinner with your family or you want to make your outdoor grilling adventure into a party by inviting your friends from the neighborhood, outdoor grilling is a fun way to make use of the summer heat. 

Host A Pool Party 

If you have a pool in your backyard, there's no better time than summer to put it to use.  When the sun comes out and the temperature heats up, a pool party is the perfect way to spend the day cooling down.  Before you start picking out your swimsuit, make sure that the pool is properly cleaned and ready for guests.  In addition, make sure that there are flotation units for those who need a little help in the water and towels for everyone to dry off when they step out. 

Hosting a pool party also means having something to eat and drink for your guests.  Whether you've planned lunch or just a light snack for everyone, make sure that you have something on hand to curb those cravings.  If you're inviting children over for a pool party for the youngsters, make sure that you have their parents' permission beforehand. 

Sports Fun 

Believe it or not, many South Florida and world wide homeowners enjoy setting up a backyard sporting event and inviting everyone to join in.  Whether it's The World Cup Soccer Finals , volleyball, horseshoes or just a friendly game of basketball , there's no better court than home court.  If you plan to create a sporty atmosphere, make sure that you have plenty of water on hand for everyone to drink.  It's also important to refrain from playing when the sun is at its peak, which is typically in the early to mid-afternoon hours.  Instead, wait until it cools down before heating up your backyard with some friendly sporting competition. 

How Much Cash Will You Need To Close? 

For first time buyers, the amount of money that is needed to seal the deal can often come as a bit of a shock.  Known as the closing costs of the deal, this amount of money involves a number of different factors that can add up to several thousand dollars out of pocket for the buyer.  You should be prepared ahead of time to pay this amount-or find alternative ways to take care of them. 

What Things Fall Under Closing Costs? 

Some of the things you will commonly see included in closing costs are a number of fees and types of insurance.  First of all, there are origination fees on the loan, which are usually a percentage of the amount financed.  You will also see an appraisal fee and a credit report fee, both of which the buyer is usually responsible for.  There are also fees for the home inspection and other possible fees such as bank processing fees and flood certification. 

You will also have to pay for the homeowner's insurance policy on the home for the first year in order to close, and for title insurance.  You may also have to pay property taxes on the home. 

How Much Will It Be? 

All of these costs are so varied that there is no way to guess at them.  They are determined in some cases as a percentage of the loan amount, and in other cases based on the home itself, such as with homeowner's insurance.  In most cases, closing costs are thousands of dollars. 

You should be provided with an estimate of the closing costs ahead of time so that you aren't shocked with the amount at closing. 

Ways To Pay 

Of course, you can opt to pay all of the closing costs out of pocket in cash, but there are other options as well.  Many people choose to roll some or all of the closing costs into the mortgage itself, raising the monthly payment slightly but avoiding the need for a large amount of cash.  In some cases, you can also get the seller to pay some of the closing costs, but this will need to be agreed upon ahead of time. 

Closing costs are a part of every loan and involve paying fees for the many services required to close on a loan.  Be prepared ahead of time, and you won't find yourself surprised by the amount that is due. For a free quote contact Florida Title & Trust LLC. 

Choosing A REALTOR® You Can Trust 

When it comes to shopping for a home, especially if you are buying for the first time, having an agent on your side is extremely helpful.  But if you have never bought a house before, you may have no idea where to begin finding a REALTOR® that you can really trust to help you with this important decision. 

If you open the phone book you will see a long list of names, and very little help to figure out which one to call.  There are a few ways you can narrow down the field of real estate agents to find someone you can trust. 

The Crimson is Miami hot, a spectacular addition to the waterfront on Biscayne Bay. Eighteen stories splashed with South Beach colors, surrounded by water, boardwalks and lush tropical landscaping. This is Miami style. This is a tropical paradise. This is architectural design that redefines warm weather living. There are 90...