Buyers Tips October 27, 2023


Introducing Alexan Crafts: 

A Tailored Masterpiece by Corwil Architects

      


BY: SALVATORE DOMINA  7:30 AM ON OCTOBER 27, 2023

Nestled in the heart of the enchanting Crafts District in the City of Coral Gables, the forthcoming Alexan Crafts is poised to redefine modern living with a touch of timeless elegance. Set to grace 330 Catalonia Avenue, this 7-story mixed-use marvel, envisioned by the visionary Corwil Architects and brought to life by Trammel Crow Residential—a distinguished subsidiary of Crow Holdings—promises to be a harmonious blend of heritage and innovation.

Spanning an expansive 2.11 acres, Alexan Crafts is not merely a development; it’s a narrative unfolding across 306,936 square feet. Majestically rising to a height of 77 feet, the structure will house 263 thoughtfully designed residential units, along with 22 live-work units that seamlessly integrate work and leisure. A testament to its commitment to convenience, the development boasts 364 parking spaces, ensuring an stress-free experience for its residents.

The canvas upon which Alexan Crafts will be painted comprises 23 plots of land across 13 addresses, forming a tapestry of history and future aspirations. The single-story residential buildings, with origins dating back to 1946–1957, will gracefully make way for this new architectural gem, bringing a touch of modernity to a storied neighborhood.

In a nod to the City of Coral Gables’ rich history, the design mandates a fusion of contemporary aesthetics with historical references. Corwil Architects deftly weaves elements from the H. George Pink Offices, incorporating them into both vertical and horizontal facets of the structure. Drawing inspiration from the iconic San Sebastian Apartments, the roof overhangs add a touch of nostalgia, while the ground floor’s column-framed arcade pays homage to the grandeur of the Colannade Hotel.

Living spaces within Alexan Crafts are a symphony of diversity, offering studio, 1-bedroom, 2-bedroom, and 3-bedroom layouts, ranging from 631 to 1449 square feet. The 22 live-work units, including studios, 1-bedroom, 2-bedroom, and townhome configurations, span from 688 to 1,676 square feet, catering to a spectrum of lifestyles.

Elevating the experience further, the 7th floor beckons with amenity spaces that redefine luxury. A sprawling pool, landscaped outdoor deck adorned with cabanas, and ample seating arrangements create a haven for relaxation. Additionally, a 3,500-square-foot space hints at a fitness center or a chic lounging area, adding an extra layer of indulgence to daily life.

Not merely confined to its edifice, Alexan Crafts extends its charm to the outdoors, featuring a 4,000-square-foot park on the northeast corner of the property. With private entrances leading to the building’s courtyard, this green oasis offers residents a tranquil retreat within the bustling urban landscape.

As the 364 parking spaces find their place within the heart of the structure, a porte-cochère near the center of the block adds a touch of sophistication, ensuring seamless access to the garage ramps.

In crafting Alexan Crafts, Corwil Architects and Trammel Crow Residential are not merely erecting a building; they are shaping a lifestyle—a bespoke masterpiece that pays homage to the past while embracing the future. This development is not just a destination; it’s a personalized journey into a new era of refined living in the heart of Coral Gables.

SALVATORE DOMINA 

REALTOR® – Associate Coldwell Banker Realty

4000 Ponce De Leon Blvd. 

Suite 700 

Coral Gables, FL 33146

Ph: 786.353.8945 

Salvatoredomina.com

Buyers Tips October 24, 2023

 

Enchanting Escapes: Unveiling Exceptional Hotels in Coral Gables and Coconut Grove


Travelers seeking a serene and sophisticated escape in Greater Miami & Miami Beach should consider immersing themselves in the tranquil ambiance of Coconut Grove or the opulent charm of Coral Gables. Coconut Grove, a bohemian bayfront enclave with roots dating back to the late 1800s, is currently experiencing a vibrant renaissance. On the other hand, Coral Gables, a masterfully planned neighborhood from the 1920s, boasts Mediterranean Revival architecture and upscale shops. Each area offers a selection of delightful hotels that perfectly embody the distinctive character of their surroundings.

By Salvatore Domina

The Biltmore Hotel Miami — Coral Gables:
Step into an elegant Mediterranean Revival retreat at The Biltmore Hotel in Coral Gables. Built in 1926, this architectural masterpiece on an 18-hole golf course exudes Old World glamour. With a spa, fitness center, and a 600,000-gallon swimming pool surrounded by Renaissance-style sculptures, The Biltmore offers a lavish experience. The grand lobby with vaulted ceilings upgraded guest rooms, and Sunday brunch at Fontana Courtyard restaurant contributes to the hotel’s timeless charm.


Mr C Miami Coconut Grove:
Discover the allure of Mr. C Miami Coconut Grove and indulge in the intimate charm of its cozy courtyard. This hotel, a venture by the fourth generation of the renowned Cipriani family, creators of the iconic Bellini and beef carpaccio, showcases the stylish touch of Arquitectonica and the design finesse of Martin Brudnizki. With 100 rooms, a rooftop restaurant named Bellini, and the shaded outdoor haven, Il Giardino, specializing in crepes, Mr. C Miami Coconut Grove promises an exquisite stay. Opened in the summer of 2019, it epitomizes sleek luxury with interiors inspired by a luxury yacht.

The Ritz-Carlton, Coconut Grove, Miami:
Embrace modern luxury at The Ritz-Carlton, a glittering gem in Coconut Grove. This hotel, featuring 115 balcony-equipped guestrooms, a spa, a swimming pool, and a grand lobby adorned with mosaic tile columns, offers a captivating experience. Its proximity to Coconut Grove’s best dining and shops makes it an ideal choice for exploring the waterfront with views of sailboats and Biscayne Bay. Culinary delights await at Isabelle’s Grill Room & Garden and the Poolside Café, ensuring a delightful culinary journey.

Hotel Colonnade Coral Gables:
Experience the grandeur of the Hotel Colonnade, a Beaux Arts-style landmark in the heart of Coral Gables. Dating back to 1926, the hotel features an opulent marble lobby and recently renovated guest rooms, providing a blend of historic charm and modern comfort. Enjoy the rooftop swimming pool and diverse dining options, including Aragon Café, Crema Gourmet Espresso Bar, Baires Grill, and Morton’s, making it a popular choice for weddings with its neoclassical rotunda and multiple ballrooms.


Hyatt Regency Coral Gables:

Transport yourself to the splendor of the Alhambra Palace in Spain at the Hyatt Regency Coral Gables. Modeled after this historic palace, the hotel offers Spanish-inspired details and a rooftop pool with picturesque views of Coral Gables. Immerse yourself in the vibrant dining scene of the area and return to the hotel for Mediterranean cuisine at Two Sisters Restaurant or a nightcap at Bar 50. With 254 updated rooms, including balconies or patios, and a fifth-floor lap pool, the Hyatt Regency promises a delightful stay.

For a more complete list of hotels in Coral Gables and Coconut Grove, click the links below.

Courtyard by Marriott Miami Coral Gables

https://maps.app.goo.gl/vuFTbWmUTTkcNsbq7

Hotel St. Michel

https://maps.app.goo.gl/1VQsW9L66bQDUi2b8

Hyatt Regency Coral Gables

https://maps.app.goo.gl/1pwymX5yEQc6iXK8A

Hotel Colonnade Coral Gables, Autograph Collection

https://maps.app.goo.gl/XpARtiJ2rgLwGkog9

Aloft Coral Gables

https://maps.app.goo.gl/WeSVnenUJpgLmpe4A

Loews Coral Gables Hotel

https://maps.app.goo.gl/N9X6JBJ4xjS2gs3r7

Biltmore Hotel Miami Coral Gables

https://maps.app.goo.gl/8sKeNAZExMJx7N8G6

Four Points by Sheraton Coral Gables

https://maps.app.goo.gl/v77uuGnaZV4yrZyC8

The Ritz-Carlton Coconut Grove, Miami

https://maps.app.goo.gl/aGddrGCEeWQA3AUh7

SALVATORE DOMINA 

REALTOR® – Associate Coldwell Banker Realty

4000 Ponce De Leon Blvd. 

Suite 700 

Coral Gables, FL 33146

Ph: 786.353.8945 

Salvatoredomina.com

Buyers Tips July 3, 2023

Buying a home usually represents your single biggest investment!

The home buying process is one of the most exciting, and frequently stressful, experiences you’ll ever go through. This holds true whether you’ve bought many homes or you’re looking to buy your first, whether you’re in the market for a new primary residence, an investment property, or that perfect vacation getaway.

First time buyer

How to Buy a House: Steps to Buying a House for the First Time

Today’s real estate market can offer more opportunities, yet can be filled with more risks, than ever before. There are a multitude of factors to consider and decisions to make. When buying, it’s crucial to have all the available resources necessary to make a well-informed decision, as well as the time required to make use of those resources. It’s important to enlist the help of a trusted real estate professional who will be able to provide expert guidance at each step of the buying process.

Finding and purchasing a home includes the following steps, which we’ll examine in more detail throughout the guide:

1) Define your goals, research your options, and make your plans

Given that buying a home is such a big step, it’s very important to educate and prepare yourself as much as possible. This means clearly determining the reasons you’re buying and what kind of home you’re looking for. Since buying and financing a home are so closely related, it also means examining your current financial situation and projecting how much you can afford.

Once you’ve answered these questions, even tentatively, you’ll be in a better position to research housing and mortgage options and create an action plan and timelines for moving forward. Although it is possible to do this yourself, you may benefit by consulting an experienced real estate professional right from the start.

2) Contact a real estate professional

Buying real estate is a complex matter with many factors to consider since no two homes or transactions are exactly the same. Moreover, with all the unique opportunities and potential pitfalls of the current market, it’s more important than ever to contact a real estate professional once you’ve decided to buy.

When choosing a real estate professional to guide you through the property search, financing, negotiation, and transaction processes, you should consider their local market knowledge, experience, and track record.

3) Get pre-approved for a loan

We recommend that you get pre-approved for a loan before you start viewing homes with the serious intention of buying. The pre-approval process involves meeting with a lender and authorizing them to examine your current financial situation and credit history. On the basis of this examination, the lender may provide you with a document detailing the amount you can borrow to buy a home. Consider looking online to see what different lenders offer, or contacting your local bank or credit union.

The benefits of pre-approval include:

  • You’ll know what you are eligible to borrow and be able to plan accordingly
  • As a qualified, motivated buyer you’ll be taken more seriously when you make an offer
  • Lenders can tell you if you qualify for special programs that will help you afford a better home (particularly if you’re a first-time buyer).

Real estate financing is available from many sources, and an experienced real estate professional will be able to suggest lenders with a history of offering excellent mortgage products and services.

4) View homes and select THE ONE

Simply put, the key to the home search process is knowing what you’re looking for. Among other things, that means distinguishing between “must-haves” and “like-to-haves”.

That said, here are a few recent facts about the search process that might put your experience in perspective:

  • 92% of buyers use the internet or mobile apps to search for homes.
  • The typical buyer searches for 12 weeks and views 12 homes.
  • 97% of buyers view real estate agents as important in the home search process.

There are many benefits to starting the search process on a real estate professional’s website, like the one you’re on now. You can view many homes and their details, access neighborhood info, and read helpful blog posts.

However, it’s also important to view homes in person. While the property details may seem similar online, homes can be very different in terms of layout, design, workmanship and other aspects. Ideally, you should view homes with the help of an experienced real estate professional who’ll notice things you might miss, provide expert analysis, and act as an impartial sounding board.

5) Make an offer and negotiate with the seller

Once you’ve found the home you’d like to buy, it’s time to make an offer. Your state or local real estate association likely has contracts that are generally used for transactions in your area. These contracts enable you to specify a sale price and also allow the inclusion of clauses specifying various terms of purchase, such as the closing and possession dates, your deposit amount, and other conditions.

You should carefully review these clauses with your real estate professional to be sure that they accurately express your intended offer. In addition to drawing up the contract, your real estate professional will be happy to address all of your questions about the offer process.*

Once you’ve written the offer, your real estate professional will present it to the seller and/or the seller’s representative. At that point, the process may vary somewhat.

Generally speaking, the seller can accept your offer, reject it, or counter it to initiate the negotiation process.

Successive counter-offers, with deadlines for responding and meeting conditions, may be exchanged between you and the seller until a mutually pending agreement is reached or the negotiations break down.

Negotiations involve many factors relating to different market conditions, the home itself, and the sellers.

6) Secure your financing

Once you have a pending agreement, it’s time to return to your chosen lender to finalize mortgage details in order to close the deal. This means finalizing your down payment, interest rate, regular payment schedule, and all other financial conditions associated with the closing.

As the saying goes, ‘Let the buyer beware’. Unfortunately, too many buyers suffer negative consequences from not fully understanding their financing decisions. Thus, it’s crucial for you to work with people you trust. In this regard, a good real estate professional can become a true friend for life.

7) Close the deal

If you’ve efficiently taken care of everything connected with purchasing your new home, taking ownership should be a positive joy with no surprises. Key steps to the closing, also referred to as the “escrow” or “settlement”, include:

Getting a title search – you will need a historical review of all legal documents relating to ownership of the property – to ensure that there are no claims against the title of the property. It’s also necessary to purchase Title Insurance for protection in the event of errors in the records or mistakes in the review process.

The final walkthrough – you will be given the chance to look at the home one last time to make sure it’s in the same condition as when you signed the sale agreement.

The settlement – typically, on the Closing Date you’ll meet with a lawyer, real estate professional, or escrow agent to verify and sign all the paperwork required to complete the transaction. The settlement will include paying your closing costs, legal fees, property adjustments, and transfer taxes. At that point, you’ll receive the property title and copies of all documentation pertaining to the purchase.

Oh, and one more thing – you’ll get the keys!

In most cases, the Possession Date will fall within a few days, and you will be able to move into your new home.

Have Questions?

Schedule A Free Buyer Appointment!

 

 

 

Buyers Tips June 27, 2023

Survey: Buyers May Pay More to Live in Walkable Communities

Survey: Buyers May Pay More to Live in Walkable Communities

A new NAR survey shows consumers’ preferences for neighborhood amenities. Use the findings to promote relevant items in your property marketing.

© icomaker – iStock/Getty Images Plus

Americans are placing greater value on homes in close proximity to nearby shops, cafes, and parks—and they may even pay more for such properties, according to the National Association of REALTORS®’ newly released 2023 Community & Transportation Preferences Survey. So, if you have a listing near neighborhood amenities—especially if the home is within walking distance—you may want to promote that heavily in your marketing.

Seventy-nine percent of respondents rate walkability as “very” or “somewhat” important, and 78% say they’d pay more for a home in a walkable community, the survey shows. Young adults prioritize walkability the most, with 90% of Gen Z and millennial respondents indicating they’d pay more for a home in a walkable community; a third say they’d “pay a lot more.” The survey did not specify how much more they’d be willing to pay.

Looking Around: What’s Near the Home?

Walkability became more of a focus during the COVID-19 pandemic, but demand has only grown since. In fact, NAR’s biennial survey shows a modest uptick in consumer demand for homes that offer greater walkability to surrounding community areas. “With COVID in our rearview mirror, this study shows that substantial demand for walkability persists for Americans of all ages,” says NAR President Kenny Parcell.

About half of the survey’s 2,000 respondents say they prefer a walkable community and shorter commute, even if it means living in an attached home, such as a townhome or condo, or having a smaller yard. Indeed, the majority of survey respondents say they prefer a house with a small yard over one with a larger yard that is further away from amenities.

The NAR survey also uncovered some generational differences in these preferences.

The NAR survey looked at the following community and transportation traits that consumers consider when deciding where to buy a home: walkability; commute length and proximity to highways; access to public transportation; and access to bike paths. Here’s how those traits were valued by respondents:

Sidewalks and places to take walks

  • Very important: 50%
  • Somewhat important: 34%

Being within an easy walk of community amenities

  • Very important: 41%
  • Somewhat important: 38%

Being within a short commute to work

  • Very important: 40%
  • Somewhat important: 32%

Having public transit nearby

  • Very important: 36%
  • Somewhat important: 29%

Easy access to the highway

  • Very important: 34%
  • Somewhat important: 40%

Bike lanes and paths nearby

  • Very important: 22%
  • Somewhat important: 33%

Ranking Community Priorities

Respondents to the NAR survey who already live in a walkable community report feeling happier with their life, the NAR survey finds. But consumers also value other neighborhood virtues. Overall, the NAR survey found the following as the most preferred home and community qualities (ranked in order):

  1. Low levels of crime
  2. Walkable to shops and restaurants
  3. Large house
  4. High-quality public schools
  5. Large yard
  6. Short commute

Survey respondents say they believe the government has a role to play in helping their communities become more desirable. Consumers identified the following as the top issues they’d like the government to prioritize:

  • Maintaining and repairing roads, highways, freeways, and bridges.
  • Expanding public transportation, including trains and buses.
  • Building more roads and expanding existing roads to help reduce traffic congestion.
  • Providing convenient alternatives to driving, such as walking, biking, and public transportation.
  • Making it easier to develop communities where people can walk, work or shop.

Shar

    Buyers Tips June 26, 2023

     How Does First-Time Homebuyer Assistance Work?

    By Charlestien Harris

    How do you buy a house? Renters often don’t know. But first-time buyers have tools at their disposal and, oftentimes, access to mortgage assistance.




    If you are a first-time homebuyer, you likely have several questions regarding the home-buying process. Let’s start by defining what qualifies as a first-time homebuyer. Generally, this term refers to an individual purchasing their first principal residence. The U.S.

    Department of Housing and Urban Development (HUD) provides a broader definition, including the following:

    1. Someone who hasn’t owned a principal residence in the three-year period before purchasing a new home.
    2. An individual who has never owned a principal residence, even if their spouse was a homeowner.
    3. Single parents who previously owned a home with their ex-spouse.
    4. Displaced homemakers who only owned property with their spouse.

    First-time homebuyers often have access to special benefits, such as lower down payments, grants, and assistance with closing costs, sponsored by state and federal governments. Some lenders also offer incentives and special loan products for first-time homebuyers. Those with low-to-moderate incomes may qualify for grants or loans that do not require repayment if they stay in the home for a specific period. Additionally, certain individuals may be eligible for closing cost assistance based on their circumstances.

    These options are provided through government-sponsored programs, with eligibility criteria based on credit scores, income levels, and local lender requirements. If you believe you fall into one or more of these categories, you might be able to take advantage of the programs I am about to discuss.

    U.S. Department of Agriculture (USDA)

    The USDA’s homebuyer assistance program focuses on homes in “qualified” rural areas.

    These areas include open countryside, rural towns (with fewer than 2,500 people), and urban areas with populations ranging from 2,500 to 49,999 that are not part of larger labor market areas (metropolitan areas). The USDA guarantees the home loan, often requiring no down payment, and the loan payments are fixed.

    Federal Housing Administration (FHA) Loans

    FHA loans are mortgages ensured by the Federal Housing Administration (FHA) and offered by FHA-approved lenders. Lenders must meet specific criteria to be “FHA-approved,” and in case of borrower default, the FHA backs the loans issued by these lenders.

    This backing provides lenders with protection against losses. FHA loans offer competitive interest rates, lower down payments, and reduced closing costs compared to conventional loans.

    Borrowers must meet certain requirements to qualify for these loans.

    First-time homebuyers with low-to-moderate incomes may qualify for grants or loans that do not require repayment if they remain in the home for a specific period. To find an FHA lender near you, visit HUD Lender List Search.

    U.S. Department of Veterans Affairs (VA)

    The VA supports first-time homebuyers who are active-duty military members, veterans, and surviving spouses. VA loans offer competitive interest rates, require no down payment, and the VA guarantees a portion of the loan. With a VA loan, first-time homebuyers are not typically required to pay for private mortgage insurance (PMI), and there is no minimum credit score for eligibility.

    Moreover, if the borrower faces mortgage trouble, the VA can negotiate with the lender on their behalf.

    Federal Home Loan Bank System

    Check if your bank is a member of the Federal Home Loan Bank system. Membership in this system strengthens financial institutions and enables them to better serve their communities. The Federal Home Loan Bank system consists of 11 regional banking cooperatives that provide member institutions with wholesale lending, credit, and related financial services, supporting affordable housing and economic development.

    Down payment and closing cost assistance may be available if your chosen bank is a member and you meet the approval criteria.

    First-time home buying can be an exciting journey when you are aware of the numerous opportunities available throughout the purchasing process. Always conduct thorough research to access programs that can help you achieve your goal of owning your first home.

    Copyright © 2023 Helena World. All rights reserved.

    GET MORE INFO 

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    https://salvatoredomina.cbintouch.com/contact/

    SALVATORE DOMINA 

    REALTOR-Associate® Coldwell Banker Residential Real Estate

    4000 Ponce De Leon Blvd. Suite 700 Coral Gables, FL 33146

    Buyers Tips April 7, 2023

    Coral Gables Gallery Night.

     Coral Gables Gallery Night.

    Coral Gables galleries and participating art venues open their doors on the first Friday of the month from 6 to 10 p.m. as part of Coral Gables Gallery Night. 

    At this monthly event, attendees can enjoy live music and fine art while enjoying a night out in the City Beautiful. Visitors are encouraged to use the City’s trolleys or Freebee on-demand vehicles to travel between galleries.  

    https://www.coralgables.com/events/gables-gallery-night

    FloridaMiamiMiami Real Estate March 17, 2023

     REASONS TO MOVE TO MIAMI


    There are several reasons why someone may consider moving to Miami:

    1. Weather: Miami is known for its warm and sunny climate, with an average temperature of 75°F (24°C). This makes it an ideal location for those who enjoy spending time outdoors and participating in activities such as beach-going, boating, and hiking.



    2. Cultural diversity: Miami is a melting pot of different cultures and ethnicities, with a large Hispanic population. This creates a unique and vibrant atmosphere, with a variety of festivals, music, and food to experience.



    3. Job opportunities: Miami is home to several large corporations and has a growing tech industry. There are also opportunities in tourism and hospitality, as Miami is a popular vacation destination.


    4. Entertainment and nightlife: Miami is known for its lively nightlife scene, with a variety of clubs, bars, and restaurants. There are also several cultural and entertainment venues, including the Adrienne Arsht Center for the Performing Arts, the Pérez Art Museum Miami, and the Frost Science Museum.


    5. Education: Miami is home to several prestigious universities, including the University of Miami, Florida International University, and Miami Dade College.


    6. Proximity to other destinations: Miami is located at the southern tip of Florida, making it an ideal starting point for exploring other parts of the state or traveling to the Caribbean.

    Overall, Miami offers a unique combination of weather, culture, job opportunities, entertainment, and education that may make it an attractive place to live for many people.


    Are you ready to Commit to Moving to Miami?


    As you can see, it’s no wonder Miami is always a bold word on a map, as it has a neighborhood for everyone and everything. From the party scene, and rich cultural influences, to even raising a family, Miami provides the perfect blend that makes its residential experience something unforgettable


    At this point, you may just be drooling at both the food and the lifestyle. If you have come this far, it’s time to think about the next steps and maybe even start searching for a luxury home in Miami. Allow me to help you find the perfect spot!

    What are the ultimate Miami Luxury Homes? Our List is Always Updated. David  Siddons Group




    SALVATORE DOMINA REALTOR® – Associate 

    Coldwell Banker Realty Coral Gables, Florida – 33146


    https://salvatoredomina-cbflorida.sites.cbmoxi.com/contact-me



    Buyers Tips February 6, 2023

     BENEFITS OF USING A REALTOR TO SELL YOUR HOUSE

    You’re thinking about selling your home, but you’re stuck on the age-old question: Are you going to list your home yourself, or are you going to use a listing agent?

    Of course, selling your home involves more than just listing it. You’ll want to get your home inspected and ready for viewing. You’ll also need someone to host open houses or show the home to potential buyers. What if you have multiple offers? Who will handle those negotiations? And what should the price of your home be?

    You can see where we’re going with this. There are lots to handle when you’re selling your home. Throw in buying another home and moving, which can be downright maddening.

    That’s where real estate agents come in. They know the local market, they’re pros at listing your home, and they know how to leverage multiple offers to get you the highest price or best terms.

    Risk vs. Reward

    Many people believe going the “for sale by owner” (FSBO) route can save money since they don’t have to pay agent commissions, which are typically rolled into closing costs. 

    This sounds great at face value, but the truth is that you might save a commission but still fail to achieve the highest price when selling your home.

    That’s why it’s important to take a few minutes and learn about the realities of selling your home. Then you can decide for yourself whether the risks outweigh the rewards.

    How a Realtor Can Help

    Here are the top eight reasons a listing agent can help with your home sale:

    Working with a real estate agent can get you top dollar 

    For-sale-by-owner homes don’t sell as quickly … or for as much.

    A listing agent is an expert in the local market, as well as current sales data. These are huge benefits when it comes to selling your home.

    And here’s the thing: Sales data from popular real estate websites aren’t nearly as reliable as the data that real estate agents can get. Website data can backfire if it inspires you to list your home for more or less than it’s worth in the current market.

    Statistics show that on average homes listed with an agent sell for a higher price ($58,000 higher on average according to the most recent NAR research report ).

    Realtors understand the market

    Real estate agents have house-by-house, street-by-street, and market-by-market experience. When competition is fierce, they can help you with strategies to buy or sell your home.

    Working with a real estate agent lowers your risk

    When you have an agent, you share some of the risks of home buying and selling. As a seller, you’re paying the real estate agent to assist you, advise you, and help navigate the transaction legally and safely.

    Listing agents are well-versed in the process

    Real estate agents can negotiate more than just price. They know all the terminology and can help negotiate the dozens of sticking points that keep transactions from closing—including repairs, closing costs, timelines, rent-backs, inspection issues, and more. 

    They’re also bound by a code of ethics, which means they know what has to be disclosed to a potential buyer—as well as how to disclose it. Their profession also requires that they carry insurance in case something goes wrong.

    A homeowner trying to sell on their own is just that: on their own. This can result in money lost if the home sells for less than the price a realtor could have achieved or, even worse, if costly litigation occurs during or after the closing.

    A listing agent works closely with all parties

    The loan officer, title company, appraiser, property inspector, and others all have jobs to do during a transaction. Your average homeowner simply isn’t privy to all the details that must be tracked during the course of a home sale. 

    On top of that, there are deadlines and a closing date to keep track of. The legal ins and outs of real estate transactions can make the for-sale-by-owner path tricky for many.

    Real estate agents can vet potential buyers

    A listing agent can require interested parties to get pre-qualified or even pre-approved before viewing your home. This reduces the number of showings (in a good way!), which reduces the burden on you, especially if you’re still living in the home.

    You’d be surprised at how many looky-loos—neighbors, community members, people thinking about buying some time in the future, homeowners who recently bought and want to compare houses, people just driving by—show up when they see a “For Sale” or “Open House” sign! 

    Private sellers don’t have the ability to require that buyers be vetted before they tour a home. You don’t want to waste time on a showing—even if it’s with people who want to buy your home—if they aren’t financially qualified to do so.

    A homeowner can do only so much marketing themselves

    Here’s the cold, hard truth. Only 9% of homebuyers find their new homes by calling the number on a sign they see while driving around.

    The vast majority find their homes with a real estate agent’s help since they have access to current and upcoming listings. A real estate professional knows how to market properties successfully through the MLS, but also within their office, on broker tours, and on open houses. 

    They are intimately involved in the market daily, in constant contact with other agents, and they can leverage that to get the word out.

    Real estate agents work for free

    As a seller, you don’t pay anything until the transaction closes. That means all the work done upfront—such as marketing, staging, repairing, managing inspections, and paperwork—all get done long before an agent ever sees a commission. 

    (If you’re a homebuyer it’s typically free no matter what; all commissions come out of the sale.)

    The Bottom Line

    When it comes to costs, market knowledge, and negotiation strategy, the benefits of working with a real estate agent are plentiful. Plus, large dollar amounts and legal ramifications often detract sellers from going it alone—and for good reason.

    If you’re ready to sell but are unsure where to start, I can help you! 

    SALVATORE DOMINA 

    REALTOR® – Associate Coldwell Banker Realty

    4000 Ponce De Leon Blvd. 

    Suite 700 

    Coral Gables, FL 33146

    Ph: 786.353.8945 

    Salvatoredomina.com

    Buyers Tips January 7, 2023

    More positive news for The Magic City!

     

    If you are “waiting” for prices to come down, interest rates to come down and a “deal” to fall in your lap  just listen to this!

    1. Forbes Magazine just recognized Miami as one of the best cities in Fla to live in. It was recognized for its diversity, colorful architecture, diverse

      job opportunities and population size.

    2. Over 3 million small businesses were registered in Florida in 2022. The Beacon Council in Miami reports the county has 267,064 businesses

      in total.

    3.  Best new of all: South Florida international home sales and dollar volume jumped 34% year over year in 2022. Global buyers were up 25%.

     Nationally they dropped 8%.

    INVEST NOW!!! ☝🏻

    You will fall behind as Miami continues to grow and grow! 😱

    Share it to your sphere, 😉they will thank you for the advice 👍🏻

    SALVATORE DOMINA 

    REALTOR-Associate® Coldwell Banker Realty

    4000 Ponce De Leon Blvd. 

    Suite 700 

    Coral Gables, FL 33146

    https://salvatoredomina-cbflorida.sites.cbmoxi.com

    Buyers Tips December 2, 2022

     

    First Look: Inside the World’s First Solar-Powered Residential High-Rise

    The Miami high-rise features a Solar Backbone, and panes of glass embedded with solar technology.

    The Residences at 1428 Brickell Miami
    The Boundary for Ytech 

    It seems the future of sustainability is here, at least at Miami’s newest solar-powered high-rise, The Residences at 1428 Brickell. The project, recently announced by developer Ytech, is the first project of its kind in the world to integrate photovoltaic glazing within the facade.

    The 70-story tower, designed by Milan-based ACPV Architects Antonio Citterio Patricia Viel, combines form and function with the solar energy features blended within the architectural aesthetic. The building features 500 photovoltaic-integrated windows on the west-facing facade that creates a Solar Backbone on the building. There’s 20,000 square feet of energy-producing glass and the system is capable of producing up to 170,000 kilowatts, or 170 megawatts, of clean energy per year. 

    The Residences at 1428 Brickell Miami

    “While there are many applications of solar-glass technology existing in the world, The Residences at 1428 Brickell will be a first-time application of the tech in a high-rise residential setting, leading the way on this important first step, pushing this sector of the industry forward,” says Ytech CEO Yamal Yidios. “From a sustainability perspective, The Residences at 1428 Brickell application of photovoltaic glass technology in a high-rise residential tower aims to reduce approximately 4,700 tons of CO2 and the use of 3,000 barrels less of oil per year, which is the equivalent of eliminating the average electricity use of 915 homes per year.”

    While many will be attracted to the building’s sustainability commitment, every inch of the property exudes luxury. It’s located in the trendy Brickell neighborhood, just steps from fabulous dining, wellness, shopping and entertaining. There are 189 residences priced from $2 million to $7 million, and a Penthouse Collection priced from $8 million to more than $40 million. Each residence has incredible water views and are generously sized so you feel like you’re living in a private home in the sky. The residences range from two to four bedrooms plus den units that span 1,800 to 4,000 square feet. The Penthouse Collection floorplans span 4,000 to 10,000 square feet and many are spread over two stories. 

    The Residences at 1428 Brickell Miami

    Residents will adore the one-of-a-kind Antonio Citterio-designed furniture, found in both the homes as well as the amenity spaces. Italian design and craftsmanship are prevalent throughout all the homes as well, like the Italian Arclinea kitchens in the standard residences and limited-production Vaselli kitchens in the Penthouse Collection. There are contemporary finishes, private elevators, multiple terraces, a foyer, and private storage in every unit. 

    Ytech conceptualized the building to prioritize artful living and the utmost privacy, and even the amenity spaces are designed like a private home and act as an extension of the private residences. There’s over 80,000 square feet of amenity spaces that span eight levels. These include a rooftop pool and sky atrium; hot spa and daybed lounging area; a two-story wine and fine art lounge; office suites; private dining rooms and a kitchen; a 10,000-square-foot gym; juice and wellness bar; spa with a meditation room, infrared sauna, steam room, cold and hot plunge pools; and a full-level children’s rec center. There’s also an on-site beverage director and sommelier, wellness concierge, and even fully furnished guest suites for out-of-town guests. 

    The Residences at 1428 Brickell Miami

    “One of the main misconceptions is that solar energy can’t be luxurious and exist in a high-design space,” Yidios says. “Our residents seek a more holistic sense of luxury, and we believe that sustainability is a responsible facet of a luxurious experience today. However, most people often associate solar energy with large and bulky solar panels. Although they are a fantastic solution for the right application, they present several problems on the vertical surface of a high-rise residential tower. Photovoltaic glass solves this problem as it presents as typical building glass would while embedding powerful technology within each pane, making it unrecognizable to the eye.”

    The Residences at 1428 Brickell is currently accepting reservations with a five percent deposit and is set for completion in 2026.

    Check out more photos of the property below:

    the Residences at 1428 Brickell Miami
    A living room in a standard residence.The Boundary for Ytech
    The Residences at 1428 Brickell Miami
    The yoga area in the ameity space.The Boundary for Ytech
    The Residences at 1428 Brickell Miami
    The lobby.The Boundary for Ytech
    The Residences at 1428 Brickell Miami
    The two-story wine and spirit lounge.The Boundary for Ytech
    The Residences at 1428 Brickell Miami
    A primary bedroom in a standard unit.The Boundary for Ytech
    The Residences at 1428 Brickell
    The tower in Brickell.The Boundary for Ytech