3 Psychological Hacks That Will Help You Sell Your Home Faster

From real estate agents to home buyers, there are so many tips out there on how to sell your home that it can be overwhelming to determine which tricks will boost your success rate and make the sale.

If you’re looking for a few sure-fire hacks for getting your home off the market quickly, the following may do a lot of the hard work for you so that selling won’t remain a worry for long.

Stick To A Neutral Palette

Neutral colors like white and gray may seem like a boring approach to design, but they’re actually a great way to grab a potential buyer’s attention.

While an especially bold color like red or dark blue can distract the viewer, neutral tones will not jar the eye and will enable the viewer to see the features that your home truly offers. Instead of a space they can’t see for the color, they’ll be able to pay attention to the details that really matter.

Discard The Oversized Items

Most of us have an old, bulky piece of furniture that we still haven’t bothered to get rid of, but when preparing your home for viewings you may want to finally let go of this ostentatious piece.

A bulky furniture item will make an undersized space look even smaller, whereas – in a large, sprawling space – it will swallow the size of the room. Instead of a large-scale item, stick to classy, medium-sized pieces that will effectively complement each other.

Keep Personal Items To A Minimum

It may seem like personalizing your home, from pictures all over the fridge to movie posters, will add to its appeal, but it can actually take away from the impression that potential buyers will get.

While a home that has a few personal touches here and there can make it more memorable, too many of these little details may actually make the viewer feel out of place. Since the end goal is an offer on your home, enabling potential buyers to imagine themselves in your space is key.

There are an endless amount of tricks involved in a successful home sale, but there are a few little hacks you can do that may work wonders on the minds of potential buyers.

If you’re almost ready to put your home on the market and are considering your options for selling, please feel free to contact me for more information.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

 

How to Calculate Your True Cost of Living and Determine How Much of a Home You Can Afford

A monthly mortgage can seem like enough of a financial responsibility on its own, but there are many factors involved in home ownership that affect its fiscal feasibility. If you’re in the market for a house and are wondering how your income will stack up against the rest of your expenses, here’s how to determine a home cost that’s reasonable for you.

Determine Your Down Payment

Before you start with anything else, you’ll want to determine the amount of money you can put down so you can estimate your monthly payments. The traditional amount for a down payment is 20% of the home’s purchase price, so if you don’t have anything close to this amount it might be worth waiting a little longer so you can minimize your payments and the amount of interest or mortgage insurance you’ll be paying in the long run.

Each person’s situation is different, and there may be programs available with less than 20% down. This is an excellent question to pose to your trusted mortgage advisor.

Calculate Your Monthly Budget

If your mortgage cost already seems high, it will definitely be worth carefully calculating your monthly expenditures. Instead of a wild guess, take the time to sit down and calculate what your costs are including food, utilities, transportation and any other monthly necessities.

Once you do this, it’s also very important to add any debt repayments you’re making to the mix. The total amount of your estimated mortgage costs, debt payments, and living expenses should give you a pretty good sense of if your mortgage is viable in the long term.

Don’t Forget About The Extras

When it comes to purchasing a home, many people envision that they will be eating and sleeping their new home so don’t pay attention to all of the additional costs that can arise with living life. A new home is certainly an exciting, worthwhile financial venture, but ensure you’re realistic about what it entails.

If you’re planning to go back to school or have children in the future, you’ll want to add a little bit of extra cushion in your budget so that you don’t have to put your other dreams on hold for the sake of your ideal home.

It can be very exciting to find a home you feel good about, but it’s important before making an offer to realize the amount of house you can afford so you don’t find yourself in a hole down the road. If you’re currently in the market for a new home, give me a call today and I’ll help you find the perfect one for you.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

Take Care of These 3 Items Before the Big Move Into Your New Home

With the excitement involved in moving into a new home and all of the things that need to be done, it can be easy to forget a few important things before you load up the moving van. If the day of departure is drawing closer and you’re mulling over the final details, here are some items you may want to check off the list first.

Install A New Lock

One of the most important aspects of homeownership is the feeling of security it automatically provides, so you’ll want to change out the locks on the doors before you embark on the big move.

As soon as you’ve received the keys to your new home, contact a locksmith who will be able to do the dirty work for you or, if time permits, you may want to take on this task on your own and save a little bit of money in the process.

Do A Quick Clean

With so many boxes to unpack and items to organize, the concept of cleaning the house you’ve just moved into might not be very appealing; however, this can be a necessary step in making you and your family feel more at home.

It doesn’t have to be the kind of cleanup that will take 10 hours, but a quick dusting and wiping of cabinets and appliances, as well as a quick sweep and vacuum of the floor, may change the way you feel about your new home.

If Time Permits, Paint!

If the walls of your new house happen to be in immaculate shape, you can probably avoid paint; however, a prime up of the walls can add a lot to the sparkle of your new home and may make it feel like yours much sooner.

Instead of going for boldness or deciding on a decorating scheme right away, choose a neutral color that will instantly brighten your room. If the walls are in particularly bad shape, you may even want to contact a professional who will be happy to sand and spackle away.

Moving into a new home is undoubtedly a time of great excitement, but there are some things you should do before you make yourself comfortable in your new place. If you’re curious about what’s available on the market and would like to know your options, get in touch with me and we can see what’s best for you.

dining and kitchen

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

3 Reasons You Might Decide to Retire to a Tiny Home – and Why You’ll Love It!

Many people romanticize the idea of paying off their home mortgage early so they can enjoy their home in retirement, but when it comes to the later years of life, a big house can actually be too much to handle.

If you’ve started to consider a smaller home and are wondering why it might be a good decision for you and yours, here are a few things you may want to consider.

It’s Much Easier To Maintain

It is often the idea of the palatial estate with a pool that homeowners get excited about, but when it comes to reality, the larger the home, the harder it is going to be to take care of and maintain.

If you don’t have a maid or a butler, a smaller home will enable you to spend a lot more of your free time doing things that you love instead of being bound to a house that is full of repairs and maintenance that needs to be completed.

Save On The Big Home Bills

One of the worries associated with getting older is having the ability to maintain your lifestyle in old age, and a smaller home can actually alleviate many of the high costs that go along with having an oversized home.

A smaller home will not only minimize your insurance and taxes, it can also positively impact the amount you pay each month for heating and electricity, so you’ll notice the savings right off the bat.

Tiny interior

The Freedom Of A Downsized Lifestyle

One of the best things about downsizing to a smaller home is the huge sense of responsibility that can be left in the dust. Instead of being held back by all of the stuff required to fill a big house, a small home means there is less to worry about.

This may mean you’ll have the option to go on longer vacations or can even relocate to a hot climate for the summer months, and you’ll only need someone to come by and water the plants every once in a while!

There are plenty of people that decide to downsize later in life since it can actually be a great way to save money and have a lot more freedom. If you’re considering your smaller home options and are curious about what’s available on the market, give me a call and let’s see what is your best option.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

Welcoming Strangers: the Pros and Cons of Hosting Open Houses During the Home Selling Process

Whether you’re ready to put your home on the market or you’re preparing yourself for the ins and outs of the process, you’ve probably heard about open houses. While open houses can offer an easy, instant way for many interested parties to view your house, there can also be downsides to this type of showing. If you’re considering whether or not to stage an open house, here are some insights into what it may mean.

Potential Buyers Or Open House Aficionados?

An open house will mean that many people can see your house at the same time, which can save the time and energy that goes into multiple viewings, but open houses can also attract many people that have no intention to buy.

With so many people interested in the interior of a home or the houses in a particular neighborhood, open houses can actually attract more curiosity than actual offers. While an open house can be a great way to create interest, private viewings can be more indicative of how interested the viewer really is.

Living In Your Home Or Merely Showing It

The effort that goes into properly staging a home for public viewing can be quite considerable depending on how long your house is on the market.

While an open house will get many viewers in and out on the same day, a bevy of private viewings can mean that a lot more energy will be spent cleaning up your home, which may make you feel like you live in a show home. It’s worth considering how much time you want to spend staging your home before deciding if an open house will work for you.

A Private Home Or A Public Place

You may be leaving your old, familiar home behind soon enough, but that doesn’t mean it’s still not a place of refuge and privacy from the outside world.

It’s worth realizing that an open house means many people you don’t know will be walking through your home and viewing your possessions, which can be quite disconcerting for some people. This may be acceptable if the benefits outweigh the risks, but if your home is too special a space you may want to consider another avenue.

Open houses can be an important part of getting your house out on the market, but whether or not this option will work for you is dependent on many factors. If you’re wondering about all of the options for viewings and putting your home on the market, feel free to give me a call and we can talk about what’s best for you.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

 

Real Estate Investing: 3 Secrets of Successful Home Buyers That You Can Use Today

While making a real estate purchase can be a matter rife with many questions, buying to invest in a long-term property can be even more confusing. If you’re looking into investing in real estate and wondering what variables to consider, here are a few tips that you’ll want to keep in mind before deciding on a fruitful investment property.

Be Aware Of The Market You’re Buying Into

Since you’ll need to be aware of what other people are looking for in a property if you’re diving into real estate to invest, you’ll want to carefully consider the neighborhood and city that you’re buying in and think about what the future holds.

While becoming knowledgeable about home prices in the area you’re thinking of buying is a must, you’ll also want to think about market projections, trendy new neighborhoods and what the appeal will be to renters or buyers of the home you’re contemplating.

Consider A Diamond In The Rough

It might seem like a home that is a little rough around the edges is going to be a high-maintenance endeavor that doesn’t balance out in the end, but a fixer upper of a place may end up being the best option.

While you may need to renovate a little here and there to unearth some of its natural features, improvements to a home with a good structure in a good neighborhood can be more economical than spending more on a home that instantly appeals. It can also provide a better return on your investment in the long-term.

Stay Within Your Spending Means

When considering an investment property, it can be quite easy to get derailed and think about what you’ll be making instead of the expenditure of the initial investment. However, it’s important to determine beforehand that what you’re choosing to afford is going to be manageable in case you have to swing it on your own.

By determining whether or not it’s an affordable expense, you can have a successful investment that will balance out in your favor at the end of the day without having to worry about sinking beneath the cost.

There are many questions that can come along with choosing to invest in real estate, but by carefully considering the market and keeping your purchase at a reasonable price point, you may have a long-term moneymaker on your hands.

Thinking about investing in real estate? Contact me and let’s talk about it.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

Thinking About Downsizing? Here’s What You Need to Know About Life in a Condo

The shift from home living to condo life may seem like a minor one, but there are plenty of things that will differentiate your lifestyle other than size when it comes to making a condominium purchase. If you’re contemplating this move and wondering about some of the things that this might entail, here are a few factors that are worth considering.

The Fees You’ll Have to Pay

While a smaller condo is unlikely to have the same associated costs as a large home, you will be paying a monthly condominium fee that will be covering maintenance and insurance so that many repairs and upgrades won’t have to be paid out of pocket.

While this cost will not cover each and every maintenance issue that can occur in a condo, it should keep you covered for many standard home costs. When purchasing a condominium, it’s important to read about what this monthly fee entails.

The Life of Central Living

Life in the suburbs can often mean that you’re far away from the amenities of the city, but many condominiums are built in areas that are full of restaurants, pharmacies, cultural centers and grocery stores which are only a short distance away.

If you don’t mind getting into the car to run your errands, this might not be that important to you, but if you enjoy the exercise and like having amenities close by this type of living situation can be a welcome change.

Less Room for Stuff & Storage

Condo life can certainly eliminate many of the responsibilities of having a home, but if you’re downsizing there’s a possibility that you may have to get rid of a large number of items to successfully fit into your new space.

If you’ve thought about the decision a lot and are convinced that condo living is the right choice, it’s still worth considering how much storage space you will have in your new home so that you can plan for this change, and shift your living style to fit the demands of a smaller space.

There are a lot of things to think about if you’re planning to downsize into a condo, but if you’ve considered the space you’ll have to work with and the conveniences that will make your life easier, you’re probably already prepared for the shift.

If you have any questions about moving into a condo, give me a call and I will happily help you.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

3 Reasons Why You’ll Want to Move Fast when Buying a Home

With all of the care and consideration that can go into deciding if a home is a right fit, it can add a wrench to the mix to realize you may not have a lot of time to put in an offer. It’s certainly important to weigh all of the factors of buying a home before deciding to put yourself in the ring, but here is why you’ll want to come to a conclusion quickly when it comes to a home you love.

It’s An Ideal Home, For You And Many Others

If you’ve finally found a home that you can see yourself and your family in, and you’re seriously considering putting in an offer, there’s a good chance that there are many other people who might also be quite interested in it.

While you’ll need to determine whether it’s the right neighborhood, size and price before putting in an offer, you’ll want to consider these decisions relatively quickly so that someone doesn’t beat you to the punch.

A Quick Decision Means You’re Serious

Most home sellers are interested in getting an offer that is quite close to their asking price, but like anyone, they can have intuitions about potential buyers and may be more comfortable with someone who is reliable.

By posing an offer to the seller in short order, you will make them aware of your keenness and interest, and – at the end of the day – this may actually inspire more trust in them. If they need to sell the home quickly or are planning a move of their own soon, this can make a considerable difference.

The Prices Are Always Rising

If you’ve been perusing the market for a while, deciding to make an offer on a home you can really see yourself in may end up being a money saver.

According to Zillow, the average rental price in the United States has risen by 14% since 2011 to $1400 per month, and home prices are also beginning to increase. This means that it’s becoming an even better investment to put money into property instead of rent, so that you can make up the difference in your finances in the present and the future.

It’s important to make an educated decision when deciding to purchase a home, but by deciding quickly if a home works for you and making your interest known you may have more success.

Let me know if you need any assistance with this process.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

Missoni Baia, luxury waterfront residences in East Edgewater

Missoni Baia Building Hero

Missoni Baia is a 57-story luxury bayfront condominium in East Edgewater, with 229 residences offering spectacular city and waterfront views.  Boasting an impressive 200 feet of frontage on Biscayne Bay in East Edgewater, Missoni Baia is a one-of-a-kind work of high-performance architecture.

Designed by internationally acclaimed Hani Rashid of Asymptote Architecture and developed by OKO Group under the leadership of Vladislav Doronin, one of Europe’s most successful developers, this visionary architectural landmark is influenced by Minimalist art and driven by forward-thinking engineering.

Missoni Baia Lobby
Missoni Baia lobby

Missoni Baia offers a residential experience of unparalleled quality, as distinctive as the aesthetic of Missoni, one of the world’s most legendary fashion houses, and inspired by the same pioneering spirit of technical innovation and design excellence.  New York designer Paris Forino envisioned the tower’s elegantly crafted one- to five-bedroom residences and curated the Missoni fabrics, furnishings, and artworks that complement Asymptote’s modern architectural design. The building offers expansive amenities unrivaled in Miami—including an Olympic-sized pool and one of the city’s largest and most elegantly appointed spas—and a richly layered landscape designed by Enzo Enea. Missoni Baia sets a new standard for quality and sophistication in East Edgewater.

Building Amenities & Features:  

  • Minimalist modern design and architecture to maximize natural light
  • Exterior sculptural columns wrapped in aluminum, framing the building
  • Triple ceiling height in lobby reception
  • Personal concierge and 24-hour front desk attendant
  • Package room for deliveries
  • Valet parking service
  • Indoor bayside lounge
  • Outdoor bayside terrace
  • Extensive landscaping of outdoor terraces for privacy
  • Baywalk access overlooking the bay

Fifth Floor Building Amenities:  

  • Hair and nail salon
  • Kids’ club and indoor play-area
  • Pet spa
  • On-site building manager’s office
  • Resident game room with billiard table, bar, large video screen and lounge seating

Sixth Floor  Building Amenities:  

  • Expansive outdoor deck with multiple lounge seating areas
  • Bayside terrace with cantilevered pool overlooking the bay
  • Indoor bay-terrace lounge with double ceiling height
  • Resident private dining and party room
  • Private screening room
Missoni Baia Bayside Terrace Infinity Pool
Bayside terrace
Missoni Baia Infinty Pool Looking East
Infinity pool looking east

Seventh Floor Building Amenities: 

  • 1,700 square feet gym with 180° views of the bay
  • Private yoga studio
  • Private training room
  • Men’s and women’s locker room
  • Expansive spa with men’s and women’s sauna and steam rooms, and private massage treatment rooms with showers

Missoni Baia Gym

Expansive Seventh Floor Pool Deck Amenities:  

  • Outdoor bridge connecting the seventh-floor building amenities to pool deck
  • Olympic-length lap pool
  • Lounge pool
  • Outdoor whirlpool spa
  • Poolside daybeds
  • Kids’ splash pad water play area
  • Children’s play lawn
  • Outdoor barbecue and bar cabana for al fresco dining
  • Two poolside resident lounges
  • Men’s and women’s private locker rooms
  • Elevated tennis court

Residences Features: 

  • Direct bay and city views from every residence
  • Flow-through North and South Tower residences with 270° views
  • East-facing residences with 180° views
  • 10’-deep balconies facing the bay
  • 8’-deep balconies facing the city
  • Floor-to-ceiling glazing throughout the residences
  • Walk-in closets
  • One to five bedroom residences
  • Automated unit climate control
  • Centralized hot water

Master Bath

  • His and hers vanities and bathrooms in Tower Residences
  • Floor-to-ceiling marble, including marble baseboard
  • Double showerheads in all Tower Residences

Kitchen 

  • Custom-designed European cabinetry
    Top-of-the-line appliances including:
  •  Microwave
  • Wine cooler
  • Cooktop
  • Side-by-side large fridge and freezer
  • Zone dishwasher
  • Pull-out pantry
  • Hood above cooktop
  • Garbage disposal

Residences Prices – Bay Units (Floors 8-36)

  • 1 bedroom, 1 bath ( line 04- south views), 775 Sq Ft., 72 Sq Mt., Starting at $560,000
  • 2 bedrooms, 2 baths (line 05-06 – northwest and southwest views), 1,075-1,220 Sq. Ft., 100-113 Sq. Mt., Starting at $715,000
  • 2 bedrooms, 3/3.5 baths (line 02-03 – east and southeast views), 1,900-2,350 Sq. Ft., 176-218 Sq. Mt., Starting at: $1,395,000
  • 3 bedrooms, 4.5 baths (line 01 – northeast views), 2,575 Sq. Ft., 239 Sq. Mt., Starting at $1,900,000

Tower Units (floors 38-56)

  • 2 bedrooms, 3.5 baths (line 02 – east views), 2,465 Sq. Ft., 230 Sq. Mt., Starting at $2,200,000
  • 4 bedrooms, 6 baths (line 01 and 03 – north and south views), 3,790 Sq. Ft., 352 Sq. Mt., Starting at $2,850,000

Deposit Structure:

  • Units can be secured with 20% of the purchase price at contract
  • At ground break (estimated Q3 2017) an additional 10% will be due
  • Once construction reaches the 25th floor (estimated Q2 2019) 10% will be due
  • At top off (Q1 2020) another 10% of the purchase price will be required
  • The balance of 50% will be due at closing (estimated late 2020)

Click here for an e-brochure about Missoni Baia and contact me for specific pricing and floor plans.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

 

Reach Brickell City Centre, Modern Residences available for immediate occupancy

Reach Brickell City Centre is a luxury residential 43-story tower housing 390 condos. The tower is artfully integrated into the $1.05 billion Brickell City Centre, floating high above a luxury shopping center.

brickell-city-centre-night-image

The master-planned Brickell City Centre development is located in the heart of Miami’s financial district and is destined to become a city landmark. Brickell City Centre’s urban environment energizes the area as a destination where people live, work, and play.  The following are some of the stats on this significant development:

Brickell City Center Statistics:

  • $1.05 billion mixed-use complex built on nine acres along South Miami Avenue between Sixth and Eighth Streets in downtown Miami
  • 565,000 sq. ft. of shopping and dining
  • 263-room hotel with 89 serviced apartments
  • 780 condominiums in two towers
  • 130,000 sq. ft. wellness center
  • 130,000 sq. ft. of office space
  • 2,600 parking spaces
  • CLIMATE RIBBON (TM)  – a $30 million glass and steel elevated trellis that is a unique architectural feature with extensive environmental benefits

The property offers a full array of upscale features and amenities:

  • 43-story tower designed by internationally acclaimed Arquitectonica
  • Interiors by renowned design firm Richardson Sadeki
  • Artfully integrated into master-planned Brickell City Centre, LEED® pre-certified as a neighborhood development, with its innovative CLIMATE RIBBON™ floating above a luxury shopping center
  • Expansive, half-acre amenity deck including tropical gardens, barbecue grills, outdoor fitness areas and children’s play area
  • Poolside beverage and café service
  • Heated lap and social pools with two heated spas
  • Library with private seating nooks designed for reading or socializing
  • Spacious, state-of-the-art fitness center with individual fitness studios and machine room
  • Tech-savvy children’s playroom, viewable from fitness center
  • Exclusive spa for residents’ use with shared hammam featuring dipping pools, showers, and steam. Also included are treatment rooms and blow-out bar for touch ups, with mani-pedi station
  • Designed and furnished to the level of a private residence, the Reach entertaining suite features elegantly furnished living room, dining, and chef-worthy kitchen
  • Equipped and furnished business center with ample meeting room
  • Wi-Fi throughout the lobby and amenity deck
  • On-premise concierge
  • Assigned parking for all units in secure garage plus optional valet parking services

Residential Features:

  • 373 luxury condominiums with ceiling heights from 9’4” to 11’4”
  • Exclusive collection of seven Penthouse Residences with 12’4” ceilings featuring upgraded appliance packages, outdoor kitchens and some with private rooftop pools and outdoor spas
  • Ten luxurious corner Tower Suites featuring three bedrooms and four baths
  • Residences are delivered fully finished and furniture-ready with choice of two interior finish packages including Italian cabinetry and imported marble floors
  • Biometric technology elevator access
  • City-view terraces with glass and aluminum railings directly accessible from living areas and bedrooms
  • Floor-to-ceiling sliding glass doors
  • Over-sized, fully finished walk-in closets in all master bedrooms
  • Powder room in most residences
  • Pre-wired for high-speed data, telephone, and cable, with USB charging outlets in bedrooms and master closets

Kitchens:

  • Modern Italian kitchen cabinets by Italkraft
  • Choice of two interior finish design schemes including cabinetry, quartz stone counter tops and backsplash and imported marble floors
  • Premium Bosch appliance package including integrated panel 36” refrigerator & freezer, 300 series microwave, integrated panel, extra-quiet dishwasher, built-in convection oven and ceramic glass stovetop
  • Uline 48-bottle, temperature-controlled wine storage
  • Oversized, stainless steel, square-edge sink with single-lever, European-style pullout faucet sprayer

Bathrooms:

  • Modern Italian cabinetry by Italkraft
  • Imported quartz stone vanity tops with Double Fusion™ integrated-light mirrors by Electric Mirrors
  • Imported marble flooring with geometric mosaic marble tile walls in wet areas
  • Designer Duravit Sensawash water closets in master suites
  • Elegant soaking tubs with frameless glass-enclosed showers and rain-shower showerheads in master suites
  • Designer Danze faucets

BCC kitchen photos

Unit Mix:

Units range from one, two, three and four bedroom residences and from 871 sq. ft. up to 2,740 sq. ft. Penthouses come in three and four bedroom floor plans, run from the 42nd to the 43rd floor and range from 2,684 sq. ft. up to 4,385 sq. ft.  Prices for the remaining residences range from $615,000 up to $1.4 million.  Subject to change without prior notice.

Deposit Structure:

To secure a residence at Reach, only 20% of the purchase price is required and the balance is due at closing.

Construction Status:

Construction started in mid-2012 and was completed in late 2016.

HOA:

Monthly maintenance fee is $.72 per square foot and covers water, basic cable, WiFi and wind insurance.

Reach Tower pool2 small

Developer:

Swire Properties Inc, headquartered in Miami since 1979, is one of South Florida’s leading international developers of urban office, hotel and condominium properties. Known for its $1-billion, master‐planned development of the island of Brickell Key in downtown Miami, Swire continues to shape the Miami skyline with its latest project, Brickell City Centre.  The company is a wholly owned subsidiary of the publicly listed Swire Properties Limited based in Hong Kong. For more information, visit http://www.swireproperties.us.

Architect:

Arquitectonica, an architecture, interior design, and planning firm founded in 1977 in Miami. Led by Bernardo Fort-Brescia and Laurinda Spear, the company has evolved into a worldwide practice, combining the creative spirit of the principals with the efficiency of delivery and reliability of a major architectural firm.

Today Arquitectonica has a practice across the United States directed from regional offices in Miami, New York, and Los Angeles. Arquitectonica’s international practice is supported by a European regional office in Paris; Asian regional offices in Hong Kong, Shanghai and Manila; the Middle East regional office in Dubai; and Latin American regional offices in Lima and São Paulo. Arquitectonica’s work spans several continents, from projects such as schools and universities, resorts and casinos, hotels, luxury condominium towers, retail centers and office buildings to specialized projects such as a U.S. Embassy, opera house/symphony halls, museums, courthouses, multi purpose arenas and convention centers, airports and transportation centers, television studios and several bank headquarters.

Reach Tower lobby3 small

Interior Designer:

Richardson Sadeki, an internationally recognized multidisciplinary boutique design studio based in New York with satellite offices in Hong Kong and Miami, was founded in 1999 by Clarissa Richardson and Heidar Sadeki. Focusing on hospitality and high-end residential projects, Richardson Sadeki’s noteworthy portfolio includes Taikoo Place Apartments in Hong Kong, The Rittenhouse Hotel in Philadelphia as well as private residential commissions in Hong Kong. With an array of clientele including, Viceroy Hotels, Thompson Hotel Group, MGM Mirage and Bliss Spas, Richardson Sadeki has been featured in leading design publications including Interior Design, Vanity Fair, and New York Magazine.

Reach Fitness Center smallReach Tower hamman small

Click here to download a digital brochure and feel free to contact me to schedule a tour of this unique development or to explore residential opportunities still available.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

How to Get the Most Value from Your Home Inspection

One of the most stressful parts of selling a home is the dreaded home inspection. Getting the most value from a home inspection is crucial, especially since any missed item can cause a significant amount of trouble a few years or decades down the road.

With that in mind, let’s take a look at a few tips on how one can get the most value from a home inspection.

Keep Calm and Inspect On

Having a stranger poke around every corner of a house with a microscope is frustrating. Homes have emotional value and no one wants to hear about their homes’ flaws. The key to a successful inspection lies in remaining calm. Getting angry and arguing with an inspector is a sure way to lose money.

Stay calm, smile, and accommodate the inspectors. The payoff is worth it.

Understanding the Process

Buyers depend on home inspections to protect them from purchasing a money pit. They want to know what they are getting into. This means that the buyer hires the inspector, not the seller. The seller must do everything they can to present a good face to the inspector because the inspector is not on their side.

Inspectors investigate every aspect of a home from the roof to the yard. They look for problems that require immediate address and problems that might arise down the road. Negotiations take place once the buyer receives the inspection report.

Good Presentation

Home inspections are rather like selling the house all over again. Take the time to dress for success. First impressions are very important when it comes to any sale. Dress nicely and act politely. Clean up the home. Touch up areas that need new paint and put some new flowers in the garden.

Repair minor problems like loose gutters, faulty steps, and trim work. Make the inspector work to find problems instead of providing obvious issues.

Update the Indoors

Most homeowners are aware of what needs to be done. The time to take care of existing issues is before the inspection. Get electrical systems and heating and cooling systems tuned up by a professional. Take care of minor roof repairs. Address any plumbing issues.

Not only does this save sellers money during negotiations, it also shows that they take good care of their home and can go a long way towards getting the best price for the home.

The best way to get the most from a home inspection is to talk with an experienced real estate agent. The next best way is a good presentation and addressing known issues prior to inspection. Inspectors look more closely at homes with obvious problems than homes that appear to be well taken care of. Don’t wait. Start preparing for your inspection today.

Are you thinking about moving soon? Give me a call and I’ll be glad to give you some helpful tips.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

The Best Way to Submit an Offer Below the Asking Price

You’ve found it: A large new home for your family. It’s in the area of the city that you love, with the perfect architectural style and lots of room for entertaining guests. It would have been perfect for you, but there’s only one problem – you’re not quite ready to pay the price the seller is asking for. You’ll have to put in an offer below the seller’s asking price – a risky move.

Although you will be rolling the dice with an offer below asking price, there are ways that you can increase the likelihood that your offer will be successful. Before you submit your offer, use these three strategies to make it more appealing.

Work Out Other Terms in the Seller’s Favor

If you’re going to ask for a lower selling price, it helps to show that you’re willing to compromise on other terms – that way, you come across as a reasonable human being and not a bargain hunter.

By offering to give the seller the better deal on other terms, you’re showing that you want to close a sale – and the seller will see you making an effort to come to an agreement and respond in kind.

There are several ways to do this. When you submit your offer, see if you can negotiate an arrangement that has you paying the closing costs or a closing date that works better for the seller. Or, offer to make the down payment in cash or give the seller a larger deposit.

Arm Yourself with Facts to Make Your Case

If the home you want to buy is priced well above fair market value, you can easily use that to your advantage and turn it into a benefit for the seller.

First, you’ll want to look up property values for similar homes in the area. You should also investigate how long it takes homes in that area to sell and the difference between the average asking and average selling price in the area.

If you can show the seller that their asking price is above their neighborhood’s average sale price or that their home has been on the market longer than the average home (or both), then you can make a strong case for a lower offer.

Submitting an offer below asking price can work, but it’s not something that should simply be done on a whim. It takes careful planning and a great strategy to actually win a bid if you’re coming at a below-asking price.

Feel free to reach out to me if you are or someone you know is in a similar situation and I would be happy to help in any way possible.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

How to Profit From an Investment Property

If you’re entering the real estate investment market for the first time, you’re embarking on a great adventure – and with a solid plan, you can turn a tidy profit on your investment.

The key to a successful real estate investment is choosing the right property. A great property will reap dividends for years to come. Look for these three features in your next investment property and you’ll have no trouble finding one that turns a profit.

Location: More Important Than You Think

The location of your investment property will be critical in determining how much you earn on it and how long you’re able to keep tenants. And as the saying goes, you can change the color of the walls, you can change the type of flooring, and you can change the layout of the home, but you can’t change the location. So before you do anything else, make sure your new investment property is in a good location.

High cash flow investment properties tend to share certain location characteristics. They tend to be in neighborhoods with great schools and great amenities like pools, parks, movie theaters, and public transit. They also tend to be in an area with quiet, low-traffic, well-kept streets. Great neighborhoods have a low crime rate and don’t mix housing types.

Average Rent Price & Vacancy Rate: Look for Marketability

Aside from local amenities, you’ll also want to consider the average vacancy rate and rent price in your neighborhood. If you can’t cover your costs by charging the neighborhood’s average rent, then the home is a poor investment.

Keep an eye on vacancies in the neighborhood. If there are a high number of vacancies in the area, it could mean that the area’s rental market is seasonal or that renters are no longer interested in it. A low-vacancy area will allow you to charge more rent, and you’ll be more likely to find renters.

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Floor Plan: Know the Trends and Buy Accordingly

There are a lot of things you can change if you don’t like your home, but the floor plan is a challenge to rearrange. That means in order to make your property competitive on the market, you’ll want to choose a property with a modern floor plan. Watch the trends and buy a home with a floor plan that’s in demand – you’ll have an easier time finding tenants.

Buying an investment property is a great choice for smart investors, but it’s important that you choose a property that will turn a profit. An experienced real estate agent can help you find a great new investment property that tenants will love.

I’d love to help you out if you need any assistance with an investment property.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

Midtown Five, Luxury Rentals in Midtown Miami

Midtown 5 lobby3

Midtown Five
125 NE 32nd Street, Miami, FL

Midtown Five is a mixed-use development featuring 400 luxury rental apartments, 22,000 sq. ft. of ground-floor retail space and 52,000 sq. ft. of amenities in a 24-story tower. It is located in the popular and evolving Midtown Miami neighborhood north of downtown Miami, and just a short distance from the Design District, Winwood and with immediate access to major highways.

The building sits just south of 4 Midtown and across the street from popular restaurants like Sugarcane and Bocce, and evokes a contemporary feel beyond its curved façade, which was modeled after the movement of the ocean. The LEED-certified building used sustainable materials during construction and is a 100% smoke-free development.

Midtown Miami is a live/work/play community made up of lounges, cafes, restaurants and art galleries as well as lifestyle and boutique stores, reminiscent of New York City’s Soho District with a Miami twist.

Units at Midtown Five range in size from 540 to 1500 square feet and are available in studios, one, two and three bedrooms. Interiors were designed by ADD Inc., Loewenberg Architects is the architect and Stantec did the interiors.

Magellan Development Group, a firm out of Chicago, is the developer.  Magellan Development Group is a prolific and accomplished developer with 22 projects totaling more than 7,700 residential units and over 517,000 sq. ft. of commercial space completed.

Midtown Five is professionally managed by Magellan Property  Management, LLC.

Residential Amenities:

  • 52,000 sq. ft. of amenities including 2,750 sq. ft. fitness center
  • Yoga lawn
  • Meditation garden
  • Lobby lounge
  • Bike storage
  • Electric car charging stations
  • Spa with sauna and steam rooms
  • 2,700 sq. ft. pool
  • Pool deck with canopied cabanas, outdoor Whirpool spa, BBQ grills, and children’s play area
  • Business center
  • Concierge
  • Pet-friendly
  • Dog run
  • Multitude of restaurants and shopping venues right outside your door

Apartment Features:

  • Nine-foot ceilings and floor-to-ceiling windows with views of the Miami skyline
  • Key-less entry
  • USB ports
  • Smart thermostats
  • Rolling shades
  • Blackout shades in bedrooms
  • Porcelain tile throughout
  • Ceiling fan ready
  • Balconies on select units

Midtown 5 living room with view

Kitchen Features:

  • Porcelain tile backsplash
  • Quartz countertops
  • Well-appointed cabinetry with high-gloss cabinets in island
  • Undermount sinks
  • GROHE faucets
  • Under-cabinet lighting
  • Pendant lighting
  • Stainless steel Whirpool appliances

Midtown 5 kitchen

Bathroom Features:

  • GROHE faucets
  • Undermount sinks
  • Modern vanities
  • Frameless glass shower doors
  • Porcelain tile throughout

Midtown 5 bathroom

Unit Type and Rental Rates:

  • Studios – 538 to 632 sq. ft., priced from $1,775 – $2,042 per month
  • Convertible – 689 sq. ft., priced from $2,082 – $2,119 per month
  • 1 Bedroom  – 754 to 813 sq. ft., priced from $2,146 – $2,616 per month
  • 1 Bedroom, 1.5 Bath – 768 to 808 sq. ft., priced from $2,342 – $2,704 per month
  • 2 Bedroom – 1,029 to 1,331 sq. ft., priced from $2,701 – $ 3,613 per month
  • 3 Bedroom, 2 baths – 1,374 to 1,501 sq. ft., priced from $4,839 – $5,323 per month

Rent payment includes the use of all the amenities and one parking space per unit.

For a limited time, the builder is offering one free month with a 12-month lease on select units.  This promotion may be discontinued without prior notice.

Application process:

To apply interest parties will be asked to pay a $400 administrative fee and a $50 application fee per person over the age of 18.  Approval can be provided within 24 hours once all required documentation is submitted by the applicant.

To lease a residence, up to one month deposit is required, depending on the applicant’s credit score.  The earning requirement is three times the monthly rent.

Pet Policy:

Midtown Five is a pet-friendly building. There are pet fees of $500 for the first dog, $750 for two dogs and $325 for one cat.

Contact me to schedule a tour of the property and to explore living in this exciting new development.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

How to Deal with Selling Your Home and Buying a New One at the Same Time

If you’re in the process of simultaneously buying and selling a home, you may be in for the most stressful experience of your life. One US-based real estate survey of over two thousand people found that buying and selling a house is more stressful than divorce, bankruptcy, a death in the family, becoming a parent for the first time, and even planning a wedding!

It’s not easy, but staying calm will help you to plan for your upcoming home purchase and sale and make the process easier. So how can you avoid the stress? Here are some strategies that will keep you calm, no matter what may happen.

Have a Thorough Plan in Place

Much of the stress that you’ll experience will probably be the result of poor planning. You may feel stressed if you don’t have enough time to move or if you have to pay mortgages on two homes because your old home isn’t selling fast enough.

Before you get too far into the buying and selling process, talk with a real estate agent and ensure you have a solid plan in place for how you’ll manage buying and selling at the same time. Leave a time and expense buffer for unexpected complications – even if nothing goes wrong, it’s still nice to know you have some room to work with.

Be Ready to Improvise if Things Go Sideways

There are a number of ways that buying and selling at the same time might result in complications. Poor timing might mean you need to move out before you have a home to move into, or it might mean you don’t have the money for your new home if your old home hasn’t sold.

Be prepared to rent a hotel room, take out a short-term loan, or move your belongings into storage if the sale doesn’t go according to plan.

Talk Out Your Problems with Loved Ones

In times of stress, it’s helpful to turn to friends and family for a helping hand. Studies have shown that having a strong social support network can mitigate the effects of stress, and even the Mayo Clinic suggests reaching out to loved ones when you feel overwhelmed.

Don’t be afraid to ask your friends for emotional support, and whenever you have an opportunity to socialize, take it – you’ll find it easier to handle stress after a fun night out with friends.

Buying and selling a home at the same time is bound to be stressful, but an experienced real estate agent can minimize the agony.

Contact me if you are thinking about moving and I’ll be happy to guide you through the process.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com