Miami, FL real estate: buy or sell with a local AXEN agent
Miami has high-rise condos, historic neighborhoods and single-family homes, and each one comes with its own costs: flood risk, insurance and, in condos, building inspections and assessments. An AXEN agent who works here helps you read all of it before you buy.
Miami neighborhoods buyers ask about
Every one prices differently. Ask your agent for the latest sales in the ones you like.
Also near Miami:
Buying a home in Miami: what to know
The steps are the same everywhere. These are the Florida and Miami details that trip people up.
Get pre-approved →-
Buying a condo? Read the building's health. Florida requires milestone inspections of older condo buildings three stories or taller, and reserve studies. Ask for both, plus the budget and any planned special assessments.
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Check the flood zone. Much of Miami is in a flood zone. Ask for an elevation certificate and get a flood quote before your inspection period ends.
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Price the insurance first. Wind and flood insurance can be a big part of the monthly cost. A wind mitigation report can lower it.
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Know the approval rules. Many condo and HOA boards must approve buyers or renters. Ask how long it takes and what it costs.
Selling a home in Miami
Disclose what you know
Florida sellers must disclose known problems that affect value and are not easy to see. Be complete; it protects you.
Plan for doc stamps
In Miami-Dade, deed stamps are $0.60 per $100 of the price for a single-family home, and $1.05 per $100 for other property types, including condos.
Have the condo documents ready
Buyers will ask for the association's budget, reserves, inspection reports and rules. Ready documents keep your deal on time.
Miami real estate questions
What are the doc stamps in Miami-Dade?
The deed stamp tax is $0.60 per $100 of the price for a single-family home. Other property types, including condos, pay $0.60 plus a $0.45 surtax, $1.05 per $100.
What is a condo milestone inspection?
Florida requires structural inspections of older condo buildings that are three stories or taller. Ask for the report, the reserve study and any special assessments before you buy.
Do I need flood insurance in Miami?
If the home is in a high-risk flood zone and you have a federally backed loan, yes. Even outside those zones, many owners buy it. Get a quote early.
Does it cost anything to talk to an AXEN agent in Miami?
No. Talking with an AXEN agent about buying or selling in Miami is free.