Investors and the Miami Real Estate Rebound

by Isaac Benmergui, Esq on June 13, 2013

Home SoldReal estate prices in Miami are up more than 21 percent in the last 12 months, according to a global cities index with no signs of deflation or leveling off. And as prices rise, investors buy up properties hoping to capitalize on the rental market.

If investors seek to make a good income from their investment, potential homeowners who are still reluctant to buy are searching for available rental units before they decide to plunge back into homeownership.

Even as data from the real estate firm, Trulia, has shown that buying is 43 percent cheaper than renting in Miami, investors are having no problem renting their properties out after closing. The biggest challenge to investors is that financing is still difficult to come by, making cash buyers the most popular with banks.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

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