One of the mistakes that first time home buyers in Miami make is only sticking with what they know, what they’ve seen, or what they’re comfortable with. For New Yorkers, that often means myopically focusing on one specific neighborhood on Miami Beach, or in Brickell, that they’ve visited before as tourists.
For example, for transplants from blue states who are nearing the end of their first year renting in Miami on the beach, they may be laser focused on finding a place in their section of the beach because it seems like the greatest thing ever.
Let’s take some real world examples of some New Yorkers who have almost finished their one year lease in North Beach at the Carillon Miami Wellness Resort. They are laser focused on buying a property in their building because the beach is all they know, and they think they’ve seen and know the market from their frequent walks up and down the boardwalk.
They think to themselves, the Carillon really is the best building on the beach unless you want to pay $3,000+ PPSF for the rare new construction, oceanfront building in Miami Beach or Surfside.
After all, where else can you get 20-30+ fitness classes per day, a 70,000 sq ft spa, a Publix right across the street, world class amenities, a hydro aromatherapy circuit and the beach as your front yard, in a pretty new building, for a reasonable price?