Monthly Archives: August 2015

Home flipping

Home-flipping is not only a trend but also a common business practice in South Florida, despite the rise of local real estate prices. A flipped home is a home that sells twice within the same year.

Even more so, flippers are surfing the wave of increasing home values that account for stable profits. A crash is not to be feared but good deals are getting harder to spot. Over the period of April, May and June 2015, almost 1,400 single family homes have been flipped in Palm Beach, Broward and Miami-Dade. Read the rest of this entry »

Paramount Miami Worldcenter appeals to many Brazilian buyers

Brazilians can’t get enough of buying properties in Miami.

For 12 months in a row, Brazil have been the number one country providing investors to Miami. They keep on searching for information about local real estate deals on the Miami Association of Realtors website.

They are still ranked 1^st in the top 5 of foreign prospective buyers in which Argentina, Venezuela, Canada and Colombia make the list. Domestic web searches arrive from New York, Texas, Georgia and California. It is worth saying that Miami is the 3^rd most popular search after New York and Los Angeles. Read the rest of this entry »