All Forum Posts by: Jose Gomez

As a local agent here in Miami and always up to date with current conditions of the market, I can affirm that more single-family homes were sold in July in Miami-Dade County than at any time since the peak of the boom in 2005. In most neighborhoods, sellers are fetching list price, if not, even over asking price. Supply is low and demand is at an all time high - and buyers are racing against the clock to beat rising mortgage rates.

Two good articles to read up on regarding the local market:

National Association of Realtors: Existing Home Sales Spike in July
Miami Herald: South Florida Home Sales Rise by Double Digits in July

Hi Sterling H. Welcome to BP. There’s a wealth of knowledge in the Marketplace, informative Forum posts and wonderful and interesting blogs. We are all here to lend a hand one another and should you need any help in the South Florida real estate market, I’m just a phone call / email away. Best of luck with your endeavors.

I’ve attached 2 links to articles that recently came out in the Miami Herald and Florida Realtors about the South Florida real estate market. Enjoy the read.

http://www.miamiherald.com/2013/04/22/3358150/broward-home-prices-rose-again.html

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=291577&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+floridarealtors+%28Florida+Realtors%29

Welcome to BP Vincent Smith. Hope you benefit from this site and chatting with all the great people here as much as I have. There’s a wealth of knowledge in the Marketplace, informative Forum posts and wonderful and interesting blogs. We are all here to lend a hand one another and should you need any help in the South Florida real estate market, I’m just a phone call / email away. Best of luck with your endeavors.

Welcome to BP Marielena Pitre . Hope you benefit from this site and chatting with all the great people here as much as I have. There’s a wealth of knowledge in the Marketplace, informative Forum posts and wonderful and interesting blogs. We are all here to lend a hand one another and should you need any help in the South Florida real estate market, I’m just a phone call / email away. Best of luck with your endeavors.

As Josh mentioned before me, I am not aware of any minimum money requirement to make a contract legal. Contracts are agreements between persons or legal entities (e.g. - corporations), in which one party agrees to perform a service or provide goods in exchange for the payment of money or other goods or services.

To be a binding and legal contract, there must also be an offer and acceptance that involves the exchange of promises to act and/or provide goods, services or money. The act, promises, goods, services and/or money are called “consideration.” In order to have a binding, legal, enforceable contract, there must be consideration and promise to pay by a certain time frame.

Looking at a Florida Bar Realtors Contract for Sale and Purchase, earnest money or a deposit can be made / delivered in 3 ways. (1) Accompanying the offer (2) Made upon Acceptance / Effective Date (3) Made within X amount of days after Effective Date. Earnest money however is not required; nevertheless, a consideration of some amount certainly would make an offer more appealing to a seller over one where there is no earnest money which essentially shows good faith.

Hi Daryl Venables Welcome to BP . Hope you benefit from this site and chatting with all the great people here as much as I have. There’s a wealth of knowledge in the Marketplace, informative Forum posts and wonderful and interesting blogs. We are all here to lend a hand to one another and prosper as a group. Best of luck with your endeavors.

Welcome to BP Stephen Samuel. Hope you benefit from this site and chatting with all the great people here as much as I have. There’s a wealth of knowledge in the Marketplace, informative Forum posts and wonderful and interesting blogs. We are all here to lend a hand one another and should you need any help in the South Florida real estate market, I’m just a phone call / email away.
Best of luck with your endeavors.

I’ve attached a link to a great article that just came out in the Miami Herald about the South Florida real estate market. I also posted the article in my blog.
Happy reading!
[url]www.miamiherald.com/2013/04/22/3358150/broward-home-prices-rose-again.html

Alex Henriksen If you are considering investing in Miami, get in quickly. The market here is HOT HOT HOT! Here's an article from todays Miami Herald which states that Miami-Dade, which was among the hardest-hit spots in the nation during the housing meltdown, has posted 16 consecutive months of price gains in both single-family homes and condominiums.

Read more here: http://www.miamiherald.com/2013/04/22/3358150/broward-home-prices-rose-again.html#storylink=cpy

And if you need Real Estate assistance here in Miami, don't hesistate to call or email me. I'll gladly help.

As a Realtor in Miami (and based on the properties that I've listed for rent or worked with the tenant to lease), the properties that have Washer / Dryer already installed (as opposed to just the hook ups) are more desirable and rent quicker and for top dollar (people pay for little luxuries and conveniences). Just make sure that if you are renting with the appliances to list them in the lease as well as in the property disclosure.

Hi Dan Fields Welcome to the wonderful world of Real Estate and the exciting and educational social media site of BP! As Keegan Wyld mentioned before me, "help is never in short supply" and I'm sure we all look forward to guiding you along the way.