Tag Archives: South Florida Buyers

What Will Go Back to Normal After COVID-19…and What’s Here to Stay

access_timeApril 24, 2020personScott Patterson

The last month has been chaotic, especially in the world of real estate. Many agents adapted quickly to help their clients during COVID-19, and some of these changes might be here to stay.

How Real Estate Will Change After COVID-19

Let’s face it—we’re all ready for things to go back to normal. But many people are asking themselves what “normal” might look like in the next few months. If you’re still thinking about buying or selling your home this year, here are a few trends that might linger for a while…and some changes that probably won’t stick around.

Virtual Tours Are Here to Stay

Virtual tours have been around for a while, but they’ve transformed into an essential tool for buyers who are looking for their perfect place. And while they can’t replace in-person showings and open houses, they’ll definitely remain popular after the COVID-19 crisis ends.

Now more than ever, many agents are offering virtual tours of their listings to reach quarantined buyers. However, they’re also helpful to those who are moving from out-of-state and cannot physically attend a showing. We can expect to keep seeing plenty of virtual tours in the coming months, especially in relocation markets like South Florida.

In-Person Showings Will Make a Comeback

Although virtual tours will remain popular for years to come, some buyers aren’t willing to commit to a home without seeing it themselves. Most Florida agents are sticking to online showings for the foreseeable future, but we’ll probably experience a sharp uptick of in-person tours once social distancing measures are relaxed.

Physical showings might resume before the end of this year—however, buyers, sellers, and agents will have to remain vigilant. You may still have to limit contact with surfaces or sanitize thoroughly before, during, and after the tour. While these changes might seem inconvenient, they’ll help keep everyone safe in the long run.

Remote Closings Will Gain Popularity

Nobody loves filling out paperwork, and there are just certain parts of the closing process that are inconvenient. In order to comply with CDC guidelines, buyers and sellers can now close on their homes remotely through e-signatures and mobile notarization. Some agents are even willing to hand-deliver your paperwork or video chat throughout the process!

Believe it or not, remote closings may soon become the norm for everyone. Having the ability to sign documents online can be extremely beneficial to remote buyers and sellers, too.

Expect an Influx of Eager Buyers and Sellers

COVID-19 has changed all aspects of life here in South Florida—and it’s forced some buyers and sellers to press pause on their real estate dreams. While it’s impossible to predict the impact that this situation will have on the market, plenty of people are still eager to make a move later this year.

We will probably see a steady influx of buyers and sellers entering the market during the late summer. Although spring wasn’t quite the hot real estate season we were expecting, it’s still possible to make a deal this year!

Looking for More Info on COVID-19 and Real Estate?

If you’re curious about how the COVID-19 crisis will affect the South Florida market, we’re here to help. Check out our virtual buying and selling programs for more details, and give us a call with any questions. The Scott Patterson Group is always here during your time of need!

The Hidden Perks of Buying Vacant Land

access_timeFebruary 24, 2020personScott Patterson

Are you looking for a great investment property? Do you want to build your own home? Are you not sure where to start your real estate journey? If the answer is “yes” to any of these questions, it might be time to consider buying vacant land. Believe it or not, there’s still plenty of open space around South Florida—and there are a few hidden perks you’ll want to know about before you buy.

It’s more affordable

As home prices keep rising, vacant land remains a more affordable option for South Florida buyers. Buying an empty lot is a lot less expensive than you might think, and there really is something to suit every budget.

Let’s take a second to break down the numbers. The average home in Miami-Dade County sells for around $290,200, and the average list price has climbed to $409,415. However, vacant land often sells for half of that price…and you can even get more acreage for a lower price.

You get more options

Whether you’re a commercial real estate investor or a buyer looking to build a home, you’ll find plenty of options when you invest in vacant land. If you can dream it, you can do it—and all it takes is a fantastic agent to help you find the property of your dreams.

As of early 2020, there is around 1,000 residential and 5,000 commercial acreage currently available for development in Miami-Dade County. That means you’ll have plenty to choose from when you begin your search for the right plot of land! From there, you can connect with a builder to craft a property that truly suits your needs.

It’s a fantastic investment

Vacant lots in South Florida have appreciated dramatically over the last few years, which means now is the time to make an investment. Even if you don’t quite know what you want to do with your lot, you’ll likely gain money whenever you go to sell it.

Wondering what kinds of features offer a bigger return? You can never go wrong with waterfront properties, as buyers are almost always willing to pay a premium for stellar views. Lots on golf courses also enjoy a higher than average appreciation rate, as do plots on a level piece of land.

You have direct ownership

Cash book with dollar bills and house figure

Most real estate transactions involving an empty lot are a cash deal—and that can come with some pros and cons. Although it is a larger investment up front, you won’t be taking out a mortgage to pay for it. That means you won’t have a loan hanging over your head, and you’ll also own the land free and clear.

Every deal is different, so be sure to negotiate terms that you’re comfortable with. Either way, not having a mortgage means you can spend your money elsewhere—and you can even start building your next home.

Buying Vacant Land? I Can Help!

Buying vacant land in South Florida requires the guidance of an expert, and I’m here to help! I’m Scott Patterson, and I’ve been buying and selling vacant land for years. I’d be honored to be part of your next real estate adventure—just give me a call with any questions and check out my latest listings for more details.

Buying in the Winter? It’s Easier than You Think!

access_timeNovember 11, 2019personScott Patterson

Many people believe that have to buy or sell their homes during the peak real estate season—but this is a common myth that you shouldn’t fall for! When you live in sunny South Florida, buying a home in the winter can be a breeze. It may come as a surprise, but here’s why you shouldn’t let the season stop you from buying.

Less Competition

When it comes to real estate, supply and demand is the name of the game. Most people are looking to buy a home from May to August, but don’t fall prey to all the hype. In Florida’s hot market, it’s easy to be swept away by the competition. If you want to move during peak season, be prepared to be outbid and go against thousands of other buyers.

Want to take things at your own pace? Buying in the winter allows you to peruse the market without rushing. Homes sit on the market for much longer, so you won’t have to schedule a showing the day the home lists (unless you want to!). Less competition also means less stress, which will make the process that much simpler.

Prices Are Lower

As I mentioned before, lower demand means a higher supply. When it comes to real estate, that means buyers have more room to negotiate a lower price with motivated sellers. This is definitely the case in the winter—although you’ll have fewer homes to choose from, you could get a great deal that you wouldn’t find during the summer.

On average, home prices take the biggest dive in January, with November and December close behind. You can save tens of thousands of dollars if you time your move right—and sellers are often eager to work with a motivated buyer.

More Flexibility

Agent and client looking over a contract

Imagine not having to compete with hundreds of other people to book a moving company, find a lawyer to handle the closing, and handle all the other details of buying a home. Buying in the winter means you can avoid all of these hassles, which will make a stressful process a whole lot smoother.

Because fewer people are making a move during the colder months, you might even get a deal on a moving service. And because you’re in the South Florida area, you won’t have to deal with inclement weather or tons of snow! Even real estate agents are less swamped during his time of year, so there’s a good chance that your home search will be a breeze.

Thinking About Buying in the Winter?

There are so many reason to consider buying your next South Florida home during the colder months. Ready to take your next steps? Give me, Scott Patterson, a call. I’m here to be your all-in-one South Florida resource, and I have tons of buyer info to help you navigate the process. Just give me a call with any questions—I’d love to chat!

Scott’s Picks: Your Exclusive Guide to South Florida’s Best Parks

access_timeSeptember 17, 2019personScott Patterson

Did you know that Florida has some of the most unique flora and fauna in the world? It’s true! When you call the Sunshine State home, you’ll find plenty of opportunities to explore the stunning serenity of nature.

These are my top picks for South Florida’s best parks — they’re the perfect spots to unwind in the great outdoors.

Biscayne National Park

Light house at one of South Florida's best parks.

Get ready to explore Florida’s most interesting ecosystems. From coral reefs to islands, you’ll find it all at Biscayne National Park. This coastal preserve features its own mangrove forest, a campground, four marinas, and so much more.

Planning a visit? Don’t miss out on the amazing snorkeling opportunities. Here, you’ll be able to see dolphins, sharks, manatees, and even tropical fish. If you’re lucky, you can even schedule a private tour of the park, which includes access to the bay and keys. Another can’t-miss spot is the Boca Chita Lighthouse, which features stunning waterfront views.

C.B. Smith Park

Water park at one of South Florida's best parks.

If you’re looking for a spot that’s fun for the entire family, there’s a reason why C.B. Smith Park was rated as one of South Florida’s best parks. Hidden away in Pembroke Pines, it’s hard to believe that this park is less than a half-hour from Miami’s city center!

Here, you’ll find a plethora of fun activities for everyone to enjoy. Kids will love the water park, batting cages, and more. Don’t worry, though—there’s plenty of fun for the adults, too. This park also has a driving range, tennis courts, and fishing spots. Full RV hookups are also available for camping year-round, so come and enjoy what C.B. Smith Park has to offer.

Everglades National Park

The Everglades at one of South Florida's best parks.

We’ve all heard of the Florida Everglades—it’s a kind of place you won’t find anywhere else in the country. Luckily, you can enjoy this unique part of the state just a stone’s throw away from Miami.

The Everglades National Park offers plenty of activities for visitors. Whether you want to explore nearly 30 miles of trails or enjoy the starry sky with a telescope, you’re bound to find something you’ll love. This is also a fantastic spot to learn about conservation, as park rangers are eager to educate visitors on the area’s one-of-a-kind features.

John U. Lloyd Beach State Park

Beach at one of South Florida's best parks.

Everyone knows about Florida’s stunning beaches, but if you want to get away from the crowds, this is the spot. You’ll find John U. Lloyd Park in secluded Dania Beach, and there’s no shortage of fun things to enjoy.

This park is the perfect spot to enjoy a dip in the ocean and collect shells on the shore. Best of all, you can enjoy all your favorite activities without large high-rises or tourists. I recommend the kayaking or sailboating—it’s a great way to take in the Florida coast, and you can rent all of the equipment you’ll need.

Ready to Call South Florida Home?

It’s not too late to come enjoy South Florida’s best parks. If you’re considering a move to the Miami area, I’ve got the resources you need to make the right decision.

Want info from an area expert? Just call me, Scott Patterson. I’m a Miami local and have years of experience in South Florida real estate. I’d love to answer any questions you might have. Just give me a call so we can chat—I can’t wait to help jumpstart your real estate journey!

Sun, Sand, and Serenity: South Florida’s Top Beaches

access_timeAugust 26, 2019personScott Patterson

Florida’s expansive coastline makes it perfect for ocean-lovers looking to live near the sun and sand. With so many different spots to choose from, it may seem overwhelming, but one part of the state stands out from the rest—right here in South Florida.

In our opinion, you can find some of Florida’s best beaches on the southern coast. Next time you’re planning a beach day, here are some of the top spots to check out!

South Beach

People enjoying one of South Florida's top beaches.

Sometimes it’s hard to choose between a beach that’s buzzing with things to do or one that’s more private. In South Beach, you get the best of both worlds! With crystal-clear waters and bright sand, you’ll never want to leave South Beach’s gorgeous shores. Well, maybe you will when you discover the awesome dining and shopping options that are right nearby in Miami!

This beach is perhaps one of the most popular Miami spots for both locals and tourists. After spending the day on the shore, we recommend exploring Yardbird Southern Table & Bar, a farm-to-table favorite. Looking to shop? Hit up Fifth and Alton, a cool indoor shopping mall that has all your favorite stores.

Hallandale Beach

Just south of Fort Lauderdale, Hallandale Beach is a fantastic community with gorgeous shorelines for you to explore. If you ask locals, the best way to experience this beach is on a high-rise condo right next to the shore. Take some time to soak up the sun and relax, and enjoy some of the most pristine water in South Florida.

When you’re ready for more fun, why not test your luck at one of the local casinos? Gulfstream Park Racing and Casino features both games and a horse racing venue that hosts the Florida Derby and Pegasus World Cup. The Big Easy Casino is another fun spot to check out—let’s hope the odds are in your favor!

Hollywood Beach

If you’re looking for more than just sun and sand, you’ll find it here—one of Hollywood Beach’s coolest features is a 2.5 mile boardwalk! Stroll along the boardwalk and explore some of the coolest shops and restaurants just a stone’s throw away from the shore. Want to try your hand at some sports? The historic Garfield Street paddleball courts are open to all who want to give it a shot!

Of course, don’t forget to actually check out the beach. One of Florida’s highest-rated beaches, Hollywood Beach features both a charming town and a well-kept coastline that’s kept visitors coming back for one hundred years! With plenty of events going on year-round, you’ll want to become a Hollywood local!

Sunny Isles Beach

Coastline at one of South Florida's top beaches.

Located on a barrier island, Sunny Isles Beach allows you to enjoy the Atlantic Ocean on the east and the Intercoastal Waterway on the west. With plenty of beach access, you could spend all day relaxing in the sun or taking a dip in the sea. However, there are plenty of other things to do, too!

The newly built Newport Fishing Pier is just off the beach and is the perfect spot to take in the water or go fishing. If you’re more into shopping, there are plenty of spots to explore nearby. The Aventura Mall is only a short drive away and has a movie theater, over 50 restaurants, and countless luxury shops for your perusal. The mall also has a free guided art tour, which showcases the mall’s private contemporary art collection.

Ready to Become a South Florida Native?

With so many gorgeous beaches to explore, it’s no wonder so many people want to call South Florida home. Now that you’ve read about South Florida’s top beaches, are you ready to call this phenomenal place home?

If it’s time for you to make your move, contact the Scott Patterson Group today. We’d love to help you find your dream home on the Florida coast! Looking for info on buying or selling your home in South Florida? Explore our website and give us a call—we’d love to chat about the real estate process!

First-Time Buyers: A Guide to Finding Your Dream Home in South Florida

access_timeMay 7, 2019personScott Patterson

Even for seasoned real estate investors, buying a home can be a challenging process. From the initial search to figuring out the right mortgage options to navigating closing paperwork, buying a home comes with a long list of to-dos. For first-time buyers, the purchasing process can be both stressful and intimidating.

Are you looking for your first home in South Florida and feeling a little overwhelmed? Don’t worry—my team and I are here to provide you with all of the resources you need to find real estate success.

Narrow Down Your Search

Take a minute to think about your dream home. Is it located right on the beachfront with easy access to waterfront recreation? Does it have a large, private backyard with plenty of room to roam? Or perhaps it comes outfitted with the latest in smart home technology?

Whatever is most important to you in a dream home is completely up to you, but my team can help you narrow down your options. Our specialized search tool was made specifically to help buyers search homes based on certain criteria, so give it a try!

Still need some inspiration since it’s your first time buying? Check out my featured listings ,and see what catches your eye.

Explore South Florida Areas

You might not initially think so, but finding the right neighborhood is just as important as finding the right home. South Florida is made up of a wide collection of communities, each offering different benefits, from active nightlifes to easily commutable locations.

In the end, narrowing down the ideal neighborhood is a lot like the home search process; it’s all about what’s most important to you. Are you more concerned about the lifestyle of a neighborhood or the location? Would you rather be closer to the beach or your workplace?

Luckily, you don’t have to hit the streets and explore your options for yourself. My team and I offer a variety of in-depth guides to each community around South Florida, so be sure to take advantage of our browsing resources.

Figure Out Your Finances

One of the trickiest parts of buying a home—especially for first-time buyers—is figuring out your finances. After all, you need to find a trusted lender, decide which mortgage options work best for you, and calculate your budget for monthly payments.

Since I’ve been working around South Florida for years, I can help you find the best lenders with the best rates in the area. I also offer a number of helpful financial calculators that allow you to get a better grasp on what your payments might look like. And when it comes to deciding on mortgage options, my team can help you determine which choice fits your needs.

Get Answers to Your Questions

If it’s your first time buying, you’re probably going to have a fair number of questions about the process. Not only is that expected, but I have plenty of resources—from FAQs to exclusive buying guides—made to help you get some much-needed answers.

Still not finding what you’re looking for? Don’t hesitate to reach out and give me a call or send along an email. With over 20 years of experience in the area, I’m more than happy to break down the intricacies of buying in South Florida.

Find Your Dream Home with the Scott Patterson Group

Buying your first home can be a daunting process, but when you work with the Scott Patterson Group, you’ll be taken care of. With years of experience, a wealth of local knowledge, and a wide variety of professional skills, my team has everything you need for a successful South Florida real estate experience.

Ready to get started on finding your dream home or have a few questions about local real estate? Don’t hesitate to give me a call!

Where Do Buyers For Golden Isles Hallandale Florida Come From?

access_timeJanuary 14, 2009personScott Patterson

Where Did The Buyers Come From??

France

Slovenia

U.S. (Miami)

U.S. (New Jersey)

Canada

Golden Isles Year In Review

Golden Isles is a gated waterfront single family home community with approximately 307 homes. In 2008 there were a total of 10 sales in Golden Isles. The lowest sales price was $500,000 and the highest sales price was $1,649,000. I am very active in this community and sold 50% or 5 of the sales in this community in 2008 including the 2 sales mentioned above. Clients often ask me “Where will the buyer for my house come from”? and although I don’t have a crystal ball, I do know where 50% of the buyers for this Golden Isles Waterfront community came from and even though this community is a small part of South Florida it is still a good representation of how international South Florida truly is.

Golden Isles Active Listings

Active Listings: 31

Highest Priced Listing: $4,999,000

Lowest Priced Listing: $769,900