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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.

Are You Prepared?

Are You Prepared?

Hurricanes Among the Most Destructive Forces in Nature     For those in the path of a hurricane: Board up windows and secure loose items like patio furniture Know where to go in the event of an evacuation and how to get there; establish an assembly point for family...

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