Compromising when buying real estate in Miami does not have to be a bad thing. Many great situations make compromising a positive thing. There are a lot of great neighborhoods and properties in our where you can get a great deal in today’s market.
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Maybe You Have to Compromise When Buying Real Estate In Miami?
Hey everyone, I’m Jamey Prezzi. Real estate agent in Miami and Miami Beach. And today, I’m going to talk to you about a topic that sometimes scares some people and it’s called maybe you have to compromise. Maybe you have to compromise, I know. No one likes to hear the word compromise, because that means that you’re giving up something that you actually want.
So let’s talk about what it means to compromise when you’re buying real estate in our city. But before I get started with that, if you like what we have to share every single week, please, if you’re on YouTube, subscribe to our YouTube channel below.
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Okay, let’s get started on the bad word of compromise. So compromise does not have to be a bad word. Ultimately at the end of the day, your budget is really going to determine what you can buy. And we find a lot of our buyers in a position where they’ve outgrown their condominium and they need to purchase and they want to buy a single-family home.
What happens is we sort of get into this tug and pull about where you’re going to buy with that budget. Obviously, if you have an unlimited budget, you don’t have this problem. But most people are not in that situation. Many people do have budgets that they have to stick within. Let’s talk about the word compromise and let’s turn it around and make it a positive. Number one. Let’s say, what is your budget?
And the good thing is to know that if you’re going from condominium living to a single-family home, in terms of square footage, ultimately if you’re going into a house, many times you can actually get a little bit more for your money than if you were to buy another condominium with the equal square footage of a single-family home. Now it does mean that you may have to go out of an area and into a different location, which is where the compromise word comes in, but ultimately you may be getting a lot more for your money.
One thing that people don’t realize is that there are many different neighborhoods in this city. Ognjen and I, we work all the way from South Miami into Broward and we do that, because over the last 13 years, many of our clients have had to compromise and we’ve had to search and look in different neighborhoods. And over that course of time, we have learned that there are a lot of opportunities for buyers, and of many of them, that they were not even aware of.
So once we start the process of looking for properties, we sit down and we talk about what you’re looking for, we can definitely bring up and show you some neighborhoods that you didn’t even know existed. And maybe in that realm of compromising, you may find a better neighborhood that you weren’t even aware of.
One thing that I have found is if you’re not willing to sort of compromise a little bit, you can sort of put yourself into only type of property in one specific neighborhood and if you can just open your eyes a little bit and look outside those possibilities, you may find something better that you didn’t even realize existed.
Often people think that if they have to go out of their most desired location where they ultimately want to be, that that means going into an area or going really far away from the city or in some neighborhood that they don’t really want to live in. Maybe it’s not accessible to the beach. Maybe it’s not super close to work. And that is not really always the case. We can find great properties around the city, in neighborhoods that you might not have even been aware of, but you do have to sort of be able to be open to looking at different options.
And the best part about compromising is, if you are really stuck on a very specific budget, and you are able to sort of look outside the box of where you may thought that you wanted to be, in many cases it can allow you to save on your budget, give you a lot more for your money, and in many instances, save on taxes and insurance.
So that compromising, in the long run, and being able to think outside the box, can allow you to have a better buying experience and get into a better property.
Think outside the box, my friends. There are many great neighborhoods to live in the city.
There are many buying opportunities in today’s market. And if you have more questions about buying real estate in Miami, or in Miami Beach, and even into Broward, give us a call at 305-793-8965. Follow us online at the Prezzis.
Have a great day.