MIAMI — Miami-Dade County existing condominium sales, including $1-million-and-up transactions, increased year-over-year in November 2019, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Pending sales, which are indicators of future closed sales and reflect demand, are up in November and year to date…
1. Reservation The reservation phase is the earliest phase of the project where the developer is still making plans with the city and state, and the building only exists as a vision in blueprints and other renderings. During this phase, the buyer is requested to sign a non-binding reservation agreement and…
1. Development fee. It is a percentage of the purchase price and any charges for options, modifications, or extras not included in the purchase price. It varies from 1.5-2.7% depending on the project. At Una Residences, for example, it is 1.70%. 2. Capital contribution. A working capital contribution in an…
The following are the most essential elements that every investor/buyer should know regarding pre-construction agreement in Miami, FL: 1. They are Unilateral Contracts. The developer drafts the contract and sets all the rules. The purchaser isn't entitled to make any changes. It is also known as a contract of adhesion. 2.
SLS LUX BRICKELL | Miami, FL, 33131 | Price Range $428k - $6.2 m Residences 462 | Developer The Related Group | Architect Arquitectonica SLS LUX Brickell condominium is a luxury development located in the heart of Brickell, in between Brickell City Center with high end retail, restaurants and 2 condo building Reach & Rise and Mary Brickell Village shopping…
ARIA ON THE BAY | Miami, FL, 33132 | Price Range $350k - $3.5 m Residences 648 | Developer The Melo Group | Architect Arquitectonica Aria on the Bay is a glamorous residential palace built in 2018 in Miami's Edgewater - Arts and Entertainment District, featuring 648 residences in an expansive 53-story tower with street-level retail…