Miami-Dade Florida Option For the Sale and Purchase of Real Estate - Commercial Lot or Land

State:
Multi-State
County:
Miami-Dade
Control #:
US-00582B
Format:
Word; 
Rich Text
Instant download

Description

This form is for an option to purchase residential real estate - Commercial lot or land. It contains provisons for the payment of option money and other terms of the transaction.

Miami-Dade County, located in southeastern Florida, offers a plethora of real estate options for those interested in the sale and purchase of commercial lots or land. Boasting a thriving economy, attractive climate, and diverse population, Miami-Dade County has become a hotspot for businesses looking to establish themselves in this dynamic region. Commercial lots and lands in Miami-Dade County come in various types and serve different purposes. Some key options available for sale and purchase include: 1. Industrial lots: Miami-Dade County features numerous industrial lots suitable for businesses involved in manufacturing, warehousing, logistics, and distribution. These lots often offer easy access to major highways, airports, and seaports, making them desirable for companies seeking efficient transportation and distribution solutions. 2. Office lots: With its vibrant business environment, Miami-Dade County offers an array of office lots suitable for various industries. These include professional services, legal firms, finance companies, technology startups, and more. The prime locations within the county offer access to major business districts, amenities, and transportation hubs. 3. Retail lots: Miami-Dade County is renowned for its thriving retail sector, and commercial lots for retail use can be found throughout the region. Whether it's shopping malls, standalone stores, or mixed-use developments, these lots cater to retailers wishing to tap into Miami's affluent consumer market and steady influx of tourists. 4. Hospitality lots: Given Miami-Dade County's status as a major tourist destination, commercial lots for hotels, resorts, and other hospitality ventures are in high demand. These lots offer attractive opportunities for entrepreneurs and investors seeking to capitalize on the region's booming tourism industry and year-round influx of visitors. 5. Multi-family lots: Miami-Dade County's exponential population growth has spurred demand for residential complexes, making multi-family lots an attractive option for developers and investors. These lots cater to apartments, condominiums, townhouses, and other similar multi-family projects, capitalizing on Miami's thriving real estate market. When considering the sale or purchase of commercial lots or land in Miami-Dade County, it is crucial to consider factors such as zoning regulations, accessibility, proximity to amenities, demographic trends, market demand, and potential for future growth. It is recommended to consult with local real estate agents or professionals with expertise in the Miami-Dade market to ensure a successful transaction and maximize return on investment.

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FAQ

Mixed-use property is a type of real estate property that combines commercial, residential and sometimes even industrial units. This allows investors to take advantage of different types of property in a single investment.

Oct. 1, 2022, at a.m. MIAMI (AP) ? Housing prices fell again last month in Miami-Dade County and dipped for the first time in months in neighboring Broward County, an uplifting sign for aspiring home buyers.

Finally, regardless of the real estate market, Miami is and will always be a desirable place to live. With its year-round gorgeous weather and the wealth of activities and services available in this exciting city, you can't go wrong with a Miami condo home. Miami is a wonderful place to call home.

Bottom line: We're not seeing any major home price decline or crash in the South Florida housing market just yet. The present supply of homes in South Florida still favors sellers. In the long run, it is hoped that higher interest rates would result in more days on the market (which gives buyers more choices).

In April 2022, the typical price of a single-family home in Miami-Dade County climbed by 9.7 percent annually, from $515,000 to $565,000. The median price of a single-family home in Miami has increased for 125 straight months, the longest trend on record.

Mixed-use integrated townships are the 'new-age construction' that includes a combination of residential, commercial, housing, office, retail, medical, recreational, commercial, and/or industrial components. It provides a developed city area where both trading and residential can co-exist.

Some examples of mixed use properties would include a property with a shop on the ground floor and apartments in the upper parts, or a large new development including office space, new homes, and retail space.

Strong Housing Market This means demand is high, inventory is low, and home prices are starting to increase?so now could be a good time to start house hunting in Miami!

Overall, the Florida housing market is still pretty hot and is expected to stay that way throughout 2022. This is great if you're a seller because it means home prices are going up and there isn't much selling competition?so you get the luxury of choosing from the best offers on your timeline.

?Miami Is Still a Seller's Market.? Why the City Is Bucking a National Housing Trend. Talks of a housing market slowdown are rampant, with mortgage rates up and recession talk in the air. In most parts of the country, people just aren't clamoring as much to buy homes these days.

More info

Florida Real Estate Tax Act of 1982, s. 12.02. A Florida real estate transaction is a legally binding transaction of the parties' agreement to the transactions for buying and selling real property. The parties are each considered the buyer of the real property, and the seller's buyer. Florida Real Estate Tax Act of 1982, s. 12.02(1), (1). Florida Code Annotated Title 12.09, Subtitle 3. Property. Chapter 5. Real Property. Chapter 9. Real Property Registration. § 12.0911. CERTIFICATION, REFERRAL AND CONDITIONAL DEPOSIT REQUIRED. (1) A buyer of a federally or state-owned real property who purchases the property in the Florida county where the property is located shall furnish the seller a certified copy or certified transcript of his or her driver's license showing he or she is qualified for the driver's licenses or ID cards of the county where the property is located.

Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

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Miami-Dade Florida Option For the Sale and Purchase of Real Estate - Commercial Lot or Land