Staging your home for Sale
Staging is an important component of selling your home.
🚨 SELLERS, LISTEN UP! 🚨
Thinking of listing your home? Here's a simple truth:
Staging. Makes. A. Huge. Difference. 👏🏽👏🏽👏🏽
When buyers walk in, they want to see themselves living there — not you. So here’s what works:
🧹 Declutter — yes, that stack of mail has to go
🖼️ Take down personal photos (yes, even the cute baby ones 😅)
🛋️ Rearrange furniture to open the space
🕯️ Add a few accents to warm it up
Think: clean, neutral, open.
🎨 Like a blank canvas an artist can paint their life on.
I know it can feel weird — but you’re not just selling a home...
You're showcasing a lifestyle. 💭✨
Make it inviting. Make it memorable. Make it showroom-ready. 🛍️🏠
We offer 4 hours with a professional home organizer to our clients.
Call (305) 301-1690 for details.
#MiamiRealEstate #HomeStagingTips #SellSmart #ListingReady #RealEstateAdvice #StagingMatters #DeclutterYourHome #JacquiSellsHomes #BiscayneRealEstateGroup
#1 Question I get from long term residents: “Where will I go if I sell?”
#1 Question I get from long term residents: “Where will I go if I sell?”
10 Reasons to Sell Your Miami Shores and downsize
10 Reasons to Sell Your home and downsize:
Long term residents have significant equity in their homes: Your property's value has likely appreciated substantially, offering a considerable return on your initial investment. The average 3 bedroom house in Miami Shores prior to 2000 sold for around $300,000; 2015 for around $650,000; compared to now for $1,500,000+.
Market Conditions: While Miami Shores home prices have seen a slight decrease, they remain strong in Miami Shores. Although homes are selling around 91% of list price, the average 3 bedroom home is still up over 50% since 2020 in the 33138 zip code.
Buyer Demand: Homes are selling faster, averaging 53 days on the market, indicating sustained buyer interest for homes that are priced right. There is a shortage of inventory at this time.
Downsizing Opportunities: Selling now allows you to capitalize on your home's value and transition to a residence that better fits your current lifestyle needs. Why wait until you have to move due to a physical or medical reason? Preparing allows you to make an educated decision about where to move.
Lower Maintenance: A smaller home or a property in a community with maintenance services can reduce the physical and financial burden of upkeep. Older homes require expensive updates such as roof, plumbing etc. Condo’s require very little maintenance. Although the condo market has been undergoing certification and reserve assessments, there are buildings in compliance.
Tax Advantages: Utilizing the capital gains tax exemption for primary residences can result in significant tax savings.
Diversify Investments: Proceeds from the sale can be invested in various financial instruments to generate income and diversify your portfolio, making funds liquid and available to travel and enjoy.
Lifestyle Change: Relocating can bring you closer to family, healthcare facilities, or preferred recreational activities, also for traveling and a more flexible lifestyle.
Avoid Market Volatility: Selling in a stable market can protect you from potential future downturns. In 2008 home owners couldn’t sell for many years due to loss of equity.
Simplify Living: Transitioning to a community designed for older adults can offer amenities and social opportunities tailored to your interests. There are many different types in Miami and Sth Florida catering to a diverse range of needs and interests. For example a consider downsizing to a smaller home, condo, assisted living, over 55 community, gated community or with a family member.
🏡 Where to Move: Local & Sth Florida Area Options
Local Options in Miami Shores & Surrounding Areas
Purchasing a condo or smaller home in the area: Many Miami Shores residents enjoy moving to Quayside, Jockey Club and Cricket Club so they can continue to enjoy the Miami Shores community. Although these complexes do have high association fees, they offer a lifestyle that is social and active including gym, restaurant, tennis, pickleball etc.
Renting: The average rent in Miami Shores is approximately $3,846 per month Downsizing to a rental property can offer flexibility and reduce responsibilities. The equity from the sale of your home can be put in more liquid investments, allowing flexibility.
55+ Communities: Consider retirement communities, there are many varieties in Sth. Florida that offer rental and purchase options.
Options further north
Purchasing a home: The median listing price in Stuart is around $439,000, providing more affordable housing options compared to Miami Shores.
Renting:: Average rent in Stuart is approximately $2,500 per month, offering a cost-effective alternative to homeownership.
55+ Communities: Stuart and the surrounding Martin County area have several active adult communities that provide amenities such as clubhouses, fitness centers, and social events.
Selling your Miami Shores home now can provide financial benefits and the opportunity to transition into a living situation that better suits your current lifestyle and needs. If you would like assistance exploring these options further, feel free to reach out to Jacqui Murdocco (305)301-1690.
What Is a 1031 Exchange?
At Biscayne Real Estate Group we can help you sell one property, and locate a new investment in Miami and all of Florida as needed.
A 1031 exchange lets real estate investors swap one investment property for another and delay paying capital gains taxes.
It’s named after Section 1031 of the IRS Code.
"Like-kind" properties must be exchanged (real estate for real estate, not personal property).
Properties must be located in the U.S..
Key Rules
No limit on how often you can do 1031 exchanges.
Replacement property must be identified within 45 days.
Purchase must be completed within 180 days.
If you get cash or debt relief ("boot"), you may owe some taxes.
Depreciation recapture (taxed as ordinary income) can apply if swapping buildings for land.
Changes Since 2017
Only real estate qualifies now (personal property like equipment no longer qualifies).
Tenant in Common (TIC) real estate interests still qualify.
Types of Exchanges
Delayed Exchange (most common): You sell your property, and a qualified intermediary holds the money to buy your replacement property.
Reverse Exchange: You buy the new property first and then sell the old one — strict rules still apply.
Important Timing
45 Days: After selling your property, you must identify your replacement property in writing.
180 Days: You must close on the new property within 180 days of selling the old one.
(These periods overlap — they both start from the sale date.)
Bottom Line:
A 1031 exchange is a powerful way to grow wealth through real estate without paying taxes immediately, but it requires strict timing and careful planning to qualify.
Investing in Miami
Market Overview
Price Adjustments: After significant appreciation in recent years, Miami's real estate prices have begun to stabilize. Median home prices have seen slight declines, providing potential entry points for investors seeking long-term growth. Market Insights | Blog | Vaster
Inventory Levels: An increase in active listings has shifted the market dynamics, offering more options for buyers and reducing competition. This change is particularly evident in the single-family home segment.
Interest Rates: Mortgage rates have remained relatively high, impacting affordability for some buyers but also leading to a more balanced market. Investors with access to capital are leveraging this environment to negotiate favorable deals.
Sector Highlights
Multifamily Properties: The multifamily sector remains robust, driven by ongoing population growth and demand for rental housing. New developments are adding to the inventory, offering opportunities for investors focused on long-term rental income.
Luxury Market: Miami continues to attract high-net-worth individuals, sustaining demand in the luxury real estate segment. Properties in prime locations with unique features are commanding premium prices, and the influx of affluent buyers is reshaping the market dynamics. Lux Life Miami Blog
Short-Term Rentals: The rise of luxury high-rises designed for platforms like Airbnb is reshaping Miami's skyline. These developments cater to investors seeking flexible rental income streams, though they also raise concerns about housing availability for local residents. WIRED
Emerging Trends
Branded Residences: Collaborations between real estate developers and luxury brands are creating unique investment opportunities. These properties offer distinctive amenities and appeal to a niche market of buyers seeking exclusivity. Architectural Digest
Climate Considerations: Investors are increasingly factoring in climate resilience when evaluating properties. Areas with higher elevations are gaining attention due to concerns about sea-level rise and flooding risks. Wikipedia
Tech and Finance Influx: Miami's emergence as a hub for tech and finance companies is influencing real estate investment patterns. The relocation of firms and professionals to the city is driving demand for both residential and commercial properties.
Commercial Real Estate April, 2025
Market Overview
Sales Volume: In Q1 2025, Miami-Dade County recorded $1.4 billion in commercial real estate sales, marking a 30% year-over-year increase. This growth is part of a broader trend in Southeast Florida, where total commercial sales transactions rose 32% to $2.9 billion, despite a 26% decrease in the number of properties traded, indicating a focus on higher-value deals .MIAMI REALTORS®
Investor Sentiment: Miami ranks as the second most attractive U.S. market for commercial real estate investment in 2025, with 70% of investors planning to acquire more assets, particularly in multifamily and industrial sectors .CBRE Commercial Real Estate Services
Sector Highlights
Office: The office sector is thriving, with significant demand for premium spaces in areas like Brickell. Vacancy rates remain below national averages, and rents have increased by approximately 10% year-over-year, reflecting the influx of finance and tech firms relocating to Miami .Brevitas+1Financial Times+1
Industrial: Miami's role as a logistics hub, bolstered by PortMiami and Miami International Airport, has led to record-low industrial vacancies (often under 4%) and double-digit rent growth. The demand is fueled by e-commerce and regional trade, with areas like Doral and Medley experiencing high activity .floridacommercialteam.com+2Brevitas+2LinkedIn+2
Retail: The retail market is experiencing a resurgence, with investment volumes in Miami-Dade jumping over 170% year-over-year in early 2024. High-street retail districts like the Miami Design District and Lincoln Road are attracting luxury brands and increased foot traffic .Brevitas+1MIAMI REALTORS®+1
Multifamily: The multifamily sector remains strong, driven by population growth and demand for rental units. While higher interest rates have tempered some investor activity, development continues, particularly in downtown and Edgewater, to meet housing needs .floridacommercialteam.com+2MIAMI REALTORS®+2Brevitas+2Brevitas
Emerging Trends
Mixed-Use Developments: There is a notable increase in mixed-use projects that combine residential, commercial, and entertainment spaces, especially in neighborhoods like Brickell and Wynwood. These developments cater to the demand for integrated live-work-play environments .Brevitas+2LinkedIn+2Smith-CRE+2Brevitas
Sustainability: Sustainable building practices are becoming a priority, with properties featuring LEED certifications and eco-friendly designs attracting tenants and investors seeking long-term value and compliance with environmental standards .Smith-CRE+1LinkedIn+1
Is the South Florida Real Estate Market Crashing?
Short Answer: Unlikely, but the market is cooling.
After years of explosive growth, the South Florida real estate market—especially in areas like Miami, Fort Lauderdale, and Palm Beach—is entering a period of stabilization. While fears of a crash persist due to rising interest rates and economic uncertainty, current data suggests a soft landing rather than a collapse.
Key Market Drivers:
1. Population Growth & Migration:
Florida continues to attract new residents from high-tax states like New York and California, thanks to its tax-friendly policies, warm climate, and remote work flexibility.
2. Luxury Real Estate Boom:
High-end neighborhoods like Brickell, Las Olas, and Palm Beach are still in demand. Luxury condos and waterfront properties are holding their value due to strong interest from high-net-worth buyers.
3. Home Prices & Inventory:
Median home prices have declined slightly (~10%) from their 2024 peaks in Miami-Dade and Broward counties.
Inventory has grown significantly (up 24% year-over-year), which is cooling off bidding wars and giving buyers more negotiating power.
4. Rising Mortgage Rates & Buyer Behavior:
With rates in the high 6% range, first-time and mid-income buyers are feeling the squeeze.
Cash sales are down, particularly among international buyers, signaling a more cautious investment climate.
5. Insurance & Climate Risks:
Rising homeowners insurance costs—driven by hurricane and flood risks—are pushing buyers toward properties with strong climate resilience and adequate coverage.
Predictions for 2025
Growth Outlook:
Aniticipate continued growth, driven by affordability relative to other coastal markets, improved inventory, and new construction.
Luxury and ultra-luxury markets are expected to remain strong.
Challenges Ahead:
Slower economic growth and tighter financial conditions may reduce buyer activity.
Rising borrowing costs and insurance rates could impact affordability in the general market.
Final Takeaway:
The South Florida housing market is not crashing—it’s normalizing after an overheated run.
Expect a more balanced market in 2025, with opportunities for both buyers and sellers, especially in the mid to high-end segments.
If you're looking to invest or buy in South Florida, now is a good time to evaluate the market carefully, work with local experts, and be strategic—especially as interest rates and buyer sentiment continue to shift. Contact Jacqui Murdocco at Biscayne Real Estate Group on (305) 301-1690.
Florida Tax Cut’s?? When will home owners see relief?
Governor Ron DeSantis has proposed significant property tax reforms aimed at providing immediate relief to Florida homeowners and pursuing long-term structural changes. Here's an overview of his current initiatives:
Immediate Relief: $1,000 Property Tax Rebates
DeSantis has proposed issuing one-time rebates averaging $1,000 to each homesteaded property owner in Florida. These rebates would offset state-mandated school property taxes while maintaining full funding for school districts. The plan would utilize $5 billion from the state's budget surplus, with checks anticipated to be distributed in December 2025. Spectrum News 13+3Florida Governor's Office+3WJXT+3
Long-Term Goal: Eliminating Property Taxes
The governor is advocating for a constitutional amendment to be placed on the November 2026 ballot, aiming to eliminate property taxes entirely. He argues that property taxes effectively require homeowners to "pay rent to the government" and believes that eliminating them would provide lasting relief. FOX 13 Tampa Bay+1Spectrum News 13+1
Legislative Developments
Several related bills are under consideration:
HB 359 proposes a $100,000 exemption on all real properties in Florida.
SB 1018 seeks to increase the homestead exemption from $50,000 to $75,000.
SJR 1016 would amend the state constitution to implement these changes. Florida Governor's Office
Considerations and Challenges
Eliminating property taxes would remove a significant revenue source for local governments, which currently fund essential services like schools, police, and infrastructure through these taxes. To compensate, the state would need to explore alternative revenue streams, such as increasing sales taxes, which could disproportionately affect lower-income residents. FPI Home
Governor DeSantis's proposals aim to provide immediate financial relief to homeowners and initiate a broader discussion on the state's tax structure. However, these initiatives would require legislative approval and, in some cases, voter endorsement through constitutional amendments.
