Who Is The Brickell Best Real Estate Agents?
Downtown Miami condos and Brickell condos are now selling at a faster pace than before as more and more people are recognizing the great value that the new condos in these areas represent compared to more pricey locations like South Beach. Basically you get more for your money, a newer building, a great location and in most cases more space not to mention the amazing views that these new residential high-rises have to offer. Having the beach just a short drive away and paying almost ¼ per square feet in most cases compared to a new South Beach condo has seal the deal for many new buyers of downtown Miami condos.
The Miami Condo Market
Amazing Brickell condos like the Icon Brickell are seeing more and more activity after severe price reductions. This kind of luxury living is now more affordable than ever before in a building that has no comparison, it is like a small luxury city with everything imaginable inside, even a trendy night club on the roof top of the third tower and the largest residential swimming pool in all Florida. Other magnificent downtown Miami condos like the Everglades on the Bay have also seen their prices drop to a more affordable level and new residents are moving in. The once empty and lonely residential towers are now beginning to be full of life and activity. The 24 hour downtown Miami dream is now turning into a reality as each day passes and the Miami real estate market recovers and more people decide to call this exciting place home.
Should I hire a Brickell Florida Real Estate Agent?
Finding an apartment for rent in Miami shouldn't be a problem. With so many apartment complexes and individual investors who bought condos in the recent real estate boom, the inventory has remained high.
On the other hand, many apartment buildings were converted to condominiums and sold during the same real estate bonanza of the last 4 years, and the 'rental conversions' were a very popular option for those looking to buy their first home, but mainly with investors looking for a quick flip, and for a long time it was good business. This cut inventory at the other end of the spectrum, balancing the availability of rental units.
Reaching the fall of 2007, the backlog of homes for sale in Miami is at levels not seen for many years, the new condo buildings under construction keep adding more units to the already large inventory. Investors are now reluctantly becoming landlords, since condos are getting harder to sell, and new rental are coming online every month.
-Ask about application fees, and security deposits. Condo associations require an application fee that can be around $150, and many of them require now also a refundable deposit, in case you incur in damages to common areas.
-Landlords in Miami usually require first month's rent and a security deposit (which is not the last month's rent as many people believe) to cover for any damage to the property. Some landlords require 2 month's rent as security deposit plus the 1st month.
-Ask about what is included in the rent: water, electricity, cable TV. Don't be afraid of negotiating, many landlords and management companies in Miami do negotiate the terms of the leases.