5 Mistakes Miami Luxury Home Buyers Make 😳

So, you're thinking about buying a luxury home or condo in Miami? You're probably moving from California, the Northeast, or Chicago. Or are you already living in Miami but have never bought a luxury condo or single-family home in Miami? So, what exactly is considered a luxury home in Miami?

Well, it depends on who you ask. For most people in the country, whether an agent or person off the street, the most common answer is $1,000,000. Some say that the top ten percent of the most expensive homes sold are the definition of luxury homes in a market. It doesn't matter. For the sake of this podcast, my definition of a luxury home or condo in Miami is $1,500,000. It has gone up quite a bit since I created this content. Probably closer to $3,000,000 now.

A few years ago, pre-COVID, it seemed to be closer to $1,000,000. But prices have increased dramatically in ALL areas of Miami and surrounding areas. Buying a luxury home in Miami is much different than buying one in other parts of the country. In this video, I share five things that you MUST know before purchasing a luxury home in Miami. The podcast is long, but I highly recommend that you watch it. My insurance example has increased to about double the $12,000 mentioned in the podcast. Also, the neighborhood guide now has 20 posts per neighborhood. The website is MiamiNeighborhoodGuide.com. 

https://youtu.be/UJYYQI9izwc?si=eJXe_nR51_tgCcrF

 

If you want to sell or buy a home here or anywhere else in the world, our team would love to help you get to your next destination.

 

Amit Bhuta

COMPASS

ALL IN Miami Group

Licensed Real Estate Agent

 

(305) 439-3031 Mobile

amit.bhuta@compass.com

ALLinMiami.com