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BUY vs RENT? … A Look at Miami Real Estate

June 4, 2010

P R O P E R T Y   S E A R C H

R E S T I V O – H E C H T M A N    T E A M

Take a look at  “Buying versus Renting” …    In the midst of  South Florida’s current real estate market,  Miami is certainly a great place to buy … (and better than most!).rent vs buy

Real estate,  historically, has been a solid financial investment – especially long term.  Investing now, in this current market, if  you have liquidity to put down, stands to put you in good stead. Play with the numbers.

Renting –  That money goes out the window each and every month … benefiting your landlord, who acquires equity at your expense.

Owning – You’ll pay  maintenance and upkeep.  You’ll pay property tax, mortgage, insurance, and various and sundry other things.  Historically real estate increases in value…  given time … potentially doubling in value over a ten year span of time or so…. assuming you buy ‘right’.   Time your purchase so as to be  toward the bottom of the market swing (Notice that I didn’t say “at” the bottom!).  Look to buy in a decent area that holds it’s value… or an up and coming area with growth potential.   Your tax advisor will guide you as to how to take advantages of  tax write-offs.  Rely on an experienced local Realtor   Our expertise will help!    Buy right, and the money you put into your home or condo should in time equate to additional equity.

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