A panel of Miami real estate experts offered tips on buying and selling to a crowd of about 160 prospective customers Thursday at the Miami Herald’s residential real estate boot camp.
The group gave advice on what to consider when looking for a home, the importance of hiring an appraiser and an insurance agent, where to buy condos and how to avoid incuring hidden costs.
Homebuying, mortgage, appraisal and insurance experts assessed the state of the twisting and turning home market.
Overall, Ron Shuffield, President and CEO of EWM Realty, said there has been a rise in inventory, by 25 to 50 percent since the recession.
“If your budget is lower, there are values in every price range,” he said.
Depending on your situation, homebuying experts said now is a good time to buy. Among the hottest neighborhoods to buy in are Westchester, Lakes by the Bay and Schenley Park.
“If you’re ready to go, now’s the time,” said Liza Mendez, broker/owner of Pedro Realty and chair of the Miami Association of Realtors.
Javier Perez, a 36-year-old publicist and first-time home buyer, said he has been looking to buy a home in Miami for the past four months with no luck. Armed with limited knowledge on the best ways to find a home, he said he hoped to take away the tools that would help him finally succeed.
“It gave me an optimistic viewpoint,” he said at the end of the boot camp. “I definitely got something out of it.”