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Buying a House in Miami: Finding Houses for Sale or Rent

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If you are considering buying homes in Miami-Dade, you can choose the most prestigious areas of Miami located on the coast. Start your search by learning about the location of Miami. You can find current listings for the best houses for sale or rent, as well as information on what this area is known for, why it's preferable, up-to-date and comprehensive selection of current offers to buy houses in this Miami area, as well as rent homes and villas in Miami with prices and photos, sales information, how many days on the market, whether there are any bank-owned sales, and more.

Buying a House in Miami: Finding Houses for Sale or Rent

Quick Guide: How to Buy a House in Miami?

There is an old saying that particularly applies to buying a house (or apartment) – location, location, location. Therefore, the main criterion when purchasing real estate in the USA, especially in Miami, is its location, which is particularly true for villas in Miami. When choosing a house here, pay attention first to the elite neighborhood, the cost of neighboring houses, whether this home is in a gated community (closed town), proximity to the ocean and other factors that your realtor will tell you.

Then consider:

  • year of construction;
  • house size;
  • lot area;
  • interior finishes;
  • improvements on the lot (pool, guest house, jacuzzi, etc.);
  • number of bedrooms;
  • style of renovation.

It is also important before submitting an offer (your bid) to the owner to review comparative sales prices in the area, number of homes under contract (expected sales), approximate amount of property tax and building taxes, as well as conduct a home inspection for hidden damage or termites.

Types of Houses in Florida

There are several types of houses:

  • Single-family home (SFH) – a standalone house in Miami on its own lot, the most familiar type of real estate for us. The advantages of purchasing this type include being isolated from neighbors, and the investment appeal of this real estate type is traditionally high. When buying a small house in Miami, pay attention to the presence of legal or illegal additions/renovations. In Florida, great importance is placed on having the proper permits for structural changes in the building – permits. These are issued by municipal authorities. If any changes were made without proper permits, city officials may fine the homeowner, which new owners will be forced to pay. All these details can be checked by an experienced realtor. Remember that the realtor works with buyers in Florida for free (commission is paid by the seller).
  • Duplex – a house in Miami divided into two parts, each with separate entrance and often a yard. This is an excellent example of a cost-effective real estate option; investors buy such homes to rent them out. You receive rental income for both parts of the house at once.
  • Triplex – a Miami home consisting of three parts (apartments), an even more profitable investment option, which can be rented to three families.
  • Townhouse – a Miami townhouse, popular real estate option in Florida, representing a combination of apartment and house. These homes have separate entrances but are connected by a shared wall. Each part also has a small yard. The number of floors can be single-story or 2-3 stories, depending on layout. Maintenance for such a home is cheaper than a standalone house but the townhouse will also have monthly HOA fees (maintenance), like apartments.

    • After you've familiarized yourself with all possible options that meet your requirements, selected one or two and can make an offer – a purchase offer to the seller. An offer is a prepared sales contract, and if the seller isn't satisfied with your price or other terms, they will make a counteroffer, introducing their own contract conditions. The exchange of copies will continue until the parties agree (or not, and negotiations stop).

    Once both sides sign the agreed-upon contract terms, it is considered executed (fulfilled), and you can send a deposit (usually 5-10% of the contract amount) to the title company, which is most often chosen by the buyer. Title companies are specialized firms with a lawyer in state that act as intermediaries and facilitate real estate transactions.

    They ensure the buyer pays the full amount at closing, that the seller provides clean ownership rights to the property, and there are no liens, debts or other issues so that new owners can safely manage and sell their purchase. When buying real estate in Florida and everywhere, there are many nuances, so it's important to choose an experienced, trustworthy realtor.

    Buying a House on the Coast

    The unique atmosphere increasingly motivates people to buy a house in Miami. Demand for housing here does not stop and grows year by year. It is a unique place for permanent residence. Those who buy a house in Miami, USA, acquire a special lifestyle.

    If you want to buy a villa, on the Florida.Realestate website you will find a large real estate database. Villa sales are one of our main business areas.

    Home prices depend on the neighborhood, infrastructure, house size and number of bedrooms and bathrooms. You will choose an option that is perfect for you!