Tag Archives | Miami Foreclosure Condos

$8,000 Tax Credit May Be Used As Down Payment

$8,000 Tax Credit May Be Used As Down Payment

If you’re thinking about making a home purchase to take advantage of the depressed South Florida real estate market, the federal government might be able to help you get started with your purchase.

On Tuesday, Shaun Donovan, Secretary of Housing And Urban Development, said that the Federal Housing Administration (FHA) informed lenders to allow first-time home buyers to use an $8,000 tax credit as a down … Read More

Miami Beach & Miami Condo Prices – Have We Hit Bottom?

Miami & Miami Beach, Florida – Average Condo Prices per Sq.Ft

March 3,2009

Every day several of my clients ask me, “Ned, how low are the prices going to go in Miami? When should I buy? How far back have the prices retreated from the highs? Well, I have really been stuck answering these questions…truthfully…I dropped my crystal ball a few years ago and I’ve been really stumped.

Of course, the real answers lie not … Read More

Where Have All the Condos Gone…Long Time Passing?

Top 25 Pre-foreclosure Short Sales Condo Buildings in Miami, Florida

January 5th, 2009

2008 is in the books. Whew!! So what are the statistics about the condos for sale in Miami- Dade county?

  • Total Housing Units in Miami-Dade county – 1,000,000 100%
  • Total Condos for Sale in MLS – 22,247 2.2%
  • Total Short Sale Condos in MLS – 6,524 .6%
  • Total Short Sale Condos in Miami- 1,024 .1%

Short Sale Miami condos are often foreclosed … Read More

Buyers Buy Ten Percent of Club at Brickell Bay

December 9th, 2008
Miami, Florida

Today, the Miami Condo Lifestyle team will start publishing a series of articles on the
changing dynamic in condo sales activity in Miami and Miami Beach, Florida.

Initially, we will focus on the distressed buildings with the highest percentage of closed sales for 2008. Our research shows that the Club at Brickell Bay, Vue at Brickell, Mark on Brickell, Skyline at Brickell and the Jade at Brickell are the top … Read More

Miami River Brickell Condos Opportunities

There are ten completed buildings along the Miami River near Brickell area. Several have become great buying opportunities for the serious investor. There are two different situations developing in this neighborhood.

One affects the early buildings like One Miami, Neo Lofts, Neo Vertika and Brickell on the River North. These have a high number of foreclosures and short sales which will become foreclosures. The opportunity here is to get a bank-owned unit. These buildings are … Read More