The Real Deal has recently announced that now, more than ever, there is a huge shortage of inventory for Miami real estate. As a result, homeowners are partaking in flash sale purchases without performing the due diligence commonly found in the buying process.

Other factors that are prompting the surge in flash sales, according to Sun Sentinel are bargain hunters that purchase in bulk to flip and resell at higher markups. In addition, there’s a large percentage of cash buyers in South Florida as the Miami Herald reports. In recent years however, Miami developers have anticipated demands for housing and have several new Miami condo proposals in the works. See Miami preconstruction here.

Sydney Server Real Estate would like to offer quick tidbits on how to purchase just-listed Miami properties within 24 hours.

1. Check Your Credit Score – the first action that a potential homeowner should take is to ensure that a good credit score is in order.
2. Secure a Down Payment – after saving up a substantial down payment and furnishing proof of a steady income, this shows lenders that you’re clearly ready for a loan.
3. Approach Lenders – and determine how much you’re approved for. This can help narrow results on the MLS.
4. Seek An Expert REALTOR – your Miami REALTOR will be able to tell you when a property has just been listed, as well as sell soon to be ready preconstruction properties to viable buyers.
5. Set up Text Alerts – by subscribing to Sydney Server Real Estate or ask your REALTOR to contact you as soon as a property hits the market.

Homebuyers can also perform due diligence ahead of time, by viewing the Market Snapshot in Miami districts.

Contact Miami Realtor Sydney Server for more information.

Sources: The Real Deal

Photo Credit: Apartment Therapy

Daneil Fletcher for SydneyServerRealEstate.com

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Downtown Miami’s master plan is a blueprint of what’s to come over the next 15 years, ending in 2025. The aim of the overall plan is to transform the region as an urban and epicenter in the American region, according to the Downtown Development Authority. In addition, it’s aimed at investors who are seeking opportunities in public and private sectors.

This Master Plan, which can be viewed here, has already been approved, where residents, stakeholders, rigorous studies and workshops by the Miami DDA all played a role in the end product.

Colossal Convention Center and Hotel Coming

The plan was approved in 2009, and some of its elements have already come to fruition. This includes the breaking news of the planned Downtown Miami Convention Center, which will reportedly be topped by a 1,800 room Marriot Hotel, according to Miami Herald. The project will be developed by longstanding players in Miami real estate development, the MDD Group. This new epicenter will be built along the old arena site, which would explain the rising costs of empty lots in this region. See more land availability in Miami here.

Miami DDA’s Master Plan’s Primary Goals:

• Maximize aesthetics and attraction of waterfront living in Miami
• Build community resources in Downtown Miami
• Improve on public transit systems
• Improve Downtown Miami’s stance in global and business affairs

Where’s Downtown Miami Exactly?

According to the plan, Downtown Miami is bordered at the south end of SE 15TH Road and travels upward to NE 22ND Street.

Sydney Server Real Estate is a hub for residential, commercial, REOs and preconstruction properties. Subscribe below to get timely updates regarding Downtown Miami’s master plan.

Are you interested in buying or selling in Downtown Miami? Call Sydney Server at 305-562-7363.

Contact Miami Realtor Sydney Server for more information.

Sources: City of Miami DDA, Miami Herald
Photo Credit: City of Miami DDA
Daneil Fletcher for SydneyServerRealEstate.com

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This week’s roundup of Miami preconstruction condos’ includes:

Icon Bay – Construction at Icon Bay has finally begun according to Miami Curbed. The tower is the latest from Related Group Developers, and it will feature 300 units after its scheduled completion in 2015. The Miami luxury condo tower will be located at 462 NE 28th Street, Miami, FL.

SLS Brickell – The SLS brand has become a cornerstone in NEW MIAMI – first with the SLS Hotel in South Beach, and now with preconstruction project, SLS Brickell. The tower will include 450 luxury condo units that will sell at an estimated rate of $500 PSF. It’s slated for completion in 2015 through a partnership with Jorge Perez’s Related Group. SLS Brickell will be located at 1300 South Miami Ave, Miami, FL 33130.

One Thousand Museum – Pritzker prize winning architect Zaha Hadid has been in the news ever since it was announced that designs of One Thousand Museum would bear her signature style. This week new renderings were released, and it included an exclusive helipad on the rooftop, new amenities such as a cigar room, a sunrise pool and more.

Sydney Server Real Estate brings the latest Miami real estate market news to our readers, including luxury condo prices, Miami home loan opportunities, preconstruction updates in the region and more. Get timely updates about Miami by subscribing here.

Contact Miami Realtor Sydney Server for more information.

Sources: Miami Herald, Miami Curbed
Photo Credit: Miami Curbed
Daneil Fletcher for SydneyServerRealEstate.com

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Sotheby’s International Realty in-depth analysis provided insight into the status of Miami’s luxury market. The report indicated that home sales over $10 million increased by 115% in 2012 from the previous year. Sales for $1-million homes increased by only 15% in the same period, while home sales over $5 million increased by 46%.

There is a healthy demand for new preconstruction condos in Miami including Downtown Miami, Brickell, Miami Beach and South Beach, all of which are the specialty markets of Sydney Server Real Estate (SSRE). Readers looking to buy or sell luxury homes in these areas are offered exceptional marketing resources, an international team, and expertise to get properties bought or sold successfully through SSRE’s network. No matter where readers are located, Sydney Server Real Estate aims to provide a smooth experience when buying or selling luxury properties in Miami. Users can also access an in-depth analysis of several markets including Downtown Miami with our Market Snapshot report.

SSRE utilizes a combination of print and digital media to market properties to a targeted demographic. There’s also an exclusive advertising network that connects potential buyers to related and necessary services when completing high-end transactions in Miami. These services include those provided by real estate attorneys, interior designers, bankers, lenders and more. To find out more about advertising opportunities, contact us. To keep up-to-date with luxury real estate news in Miami, subscribe here.

Contact Miami Realtor Sydney Server for more information.

Sources: The Real Deal

Photo Credit: The Real Deal

Daneil Fletcher for SydneyServerRealEstate.com

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