Real Estate News

Condo sensors and real estate deals: What to know about changes in Miami

Stories by Miami Herald journalists, with AI summarization

What trends are shaping the real estate industry?

In Miami, wireless sensor systems now track building movement and provide real-time safety data for condos facing ground sinking and new construction. Sellers are offering incentives beyond flashy perks, such as mortgage rate buy-downs, covering closing costs, or including HOA dues, to help buyers decide in a hesitant market.

Meanwhile, the conduct of real estate agents has come under scrutiny, with ethical concerns from contract poaching to misrepresentation and improper advice making headlines.

File photo of houses in Miramar, where all homeowners take their homestead exemption tax break. By J. Albert Diaz

NO. 1: MAYBE YOU WON’T OFFER A SPORTS CAR, BUT THERE ARE WAYS TO MAKE A HOME BUYER SIGN THE DEAL

Options for making it work. | Published October 31, 2024 | Read Full Story by LEW SICHELMAN

If your agent violates these rules, you should report it to the local Realtors group and maybe even to the Department of Housing and Urban Development.

NO. 2: SOME REAL ESTATE AGENTS GO DOWN THE WRONG PATH. NOTE THE SIGNS THAT COULD BE TROUBLE

If your agent violates these rules, you should report it to the local Realtors group and maybe even to the Department of Housing and Urban Development. | Published February 5, 2025 | Read Full Story by LEW SICHELMAN

Mario Verciani, CEO of SmartCore Systems, displays a sensor same as the ones installed at the Bay House Miami Residences in Edgewater, by his company that provides structural health monitoring (SHM) services to buildings including condominiums, in Miami, on Tuesday February 11, 2025. By Pedro Portal

NO. 3: STURDY, SINKING, SHAKY? MIAMI COMPANY OFFERS AN EARLY WARNING SENSOR SYSTEM FOR CONDOS

‘We have monitoring in place, and our structure has not moved. We have real time data.’ | Published February 14, 2025 | Read Full Story by Denise Hruby

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.