It’s incredibly easy for a rumor to go around and hit enough ears for it to become a commonly believed myth. Maybe you’ve heard from a friend of a friend of a friend that there’s a restaurant in the city that gives out free Moscow mules, or that there’s a speakeasy hidden in Downtown Miami. Myths can be created in reference to pretty much anything and luxury real estate is no exception. Here are some of the most common ones.

Serious buyers only look on the weekends

This myth can make sense as the weekends are when most peoples’ schedules are free. The buyers that are looking to seal the deal, however, will scoop up that property as soon as possible. Serious buyers will find whatever time they can in their schedule to talk to agents, take tours of properties, and subsequently purchase. If you see a property that interests you, pick up the phone and inquire about it right away!

If you don’t hold any open houses, your home will never be seen

Would anyone like to guess how many homes are sold as a result of a successful open house, according to the National Association of Realtors? Your guess is probably around 20%, maybe 30%, right? The actual number is 2%. If the location, home, and market is right, real estate agents will find it.

Agents aren’t needed to buy a home

This one is partially true, as websites and apps have made it easier to browse and make property deals. If you are looking to purchase a property, doing so through an agent can benefit you greatly. Agents negotiate prices with sellers and can advise you on wise or unwise purchases, leading you through the process along the way.

Springtime has better options

A common myth with all real estate in general is that there is more selection during the spring, so you should hold off any purchases until then. There is no evidence proving this, as listings posted in the winter or in autumn are still posted due to the homeowner being motivated to sell. If these listings don’t sell as fast as springtime ones, it is probably due to buyers not being out as much in the cold.

CMC Group is one of the top luxury real estate developers in Miami and South Florida. Visit us online or contact us at 305-372-0550 today!

If you’re looking to invest in real estate in any major US city, Miami is one of your best options. There are many neighborhoods within the city that have shown increasing property values. Investing in a property in certain areas of Miami make it very likely for you to maximize your potential return on investment. Let’s take a look at some of the best investment potential that Miami has to offer.

Downtown

The middle of the city, Downtown Miami offers great investment opportunities. Located downtown is the Central Business District of Miami-Dade County, the largest economic center of South Florida. Some of the city’s most popular spots are located downtown. There are investment opportunities for both residential spaces and commercial spaces.

Midtown

Only seven minutes away from Downtown Miami, Midtown is a still developing up-and-coming neighborhood that contains plenty of shops, restaurants, bistros, residential areas, and endless activities to keep you happy. Although close to Downtown Miami, the real estate and property expenses are considerably less, making it a nice option to keep in mind. Rent prices in Midtown Miami have been increasing significantly over the years, meaning that investing in properties to later sell or rent out has promising potential.

Wynwood

One of the more ubiquitously known neighborhoods of recent years in Miami, Wynwood has an artsy and classy feel to it with its overabundance of cafes, restaurants, boutique shops, and art galleries. Wynwood is a haven for real estate investors, as most units are sold low, and can be rented out to others high. The rental rates here are at an average of $2,500 a month. To match the chic, luxurious feel of the neighborhood, large condos are springing up in Wynwood. This neighborhood just seems to not stop growing!

Little Haiti

A very culturally diverse neighborhood with deep Caribbean influence, Little Haiti provides an extremely unique experience to all who live there or visit. The culture of this neighborhood is rich and colorful, and overall has a movie set-like feeling. Price per square foot costs are lower in Wynwood than they are in most other neighborhoods, and the average rent price is on a steady increase.

CMC Group is one of the top luxury real estate developers in Miami and South Florida. Visit us online or contact us at 305-372-0550 today!