Miami, officially the City of Miami, is a coastal metropolis located in Miami-Dade County in southeastern Florida, United States. With a population of 467,963 as of the 2020 census, it is the 44th-largest city in the United States and the core of the nation’s eighth-largest metropolitan area. The city has the third-largest skyline in the U.S. with over 300 high-rises, 58 of which exceed 491 ft (150 m).
Miami is a major center and leader in finance, commerce, culture, arts, and international trade. The metro area is by far the largest urban economy in Florida and the 12th largest in the United States, with a GDP of $344.9 billion as of 2017. In 2020, Miami was classified as a Beta + level global city by the GaWC. In 2019, Miami ranked seventh in the United States and 31st among global cities in business activity, human capital, information exchange, cultural experience, and political engagement. According to a 2018 UBS study of 77 world cities, the city was ranked as the third-richest in the world and the second-richest in the United States in purchasing power. Miami is one of the largest majority-minority cities in the United States. In fact, Miami is the fourth-largest majority-Hispanic city in the United States, with 70.2% of its population being Hispanic in 2020.
Greater Downtown Miami has one of the largest concentrations of international banks in the United States, and is home to many large national and international companies. The Health District, home to Jackson Memorial Hospital and the Leonard M. Miller School of Medicine at the University of Miami among others, is a major center for hospitals, clinics, and the biotechnology and medical research industries. PortMiami is the busiest cruise port in the world in both passenger traffic and cruise lines, and refers to itself as the “Cruise Capital of the World”. Miami is also a major tourism hub for international visitors, ranking second in the country after New York City. Miami has been called the Gateway to Latin America.
For more information regarding real estate in Palm Beach, FL, contact Mika. You can also check out the Town of Palm Beach website and Wikipedia.
Getting your lender’s pre-approval letter is the first step toward buying your home. We can connect you to dependable mortgage lenders who will offer competitive interest rates, desirable financing packages, and options.
Interview licensed real estate professionals and sign with one. If selected, we will work as your advocate and trusted advisor from the start of our search all the way through closing – and beyond, as needed.
We will look at a range of areas and property types, per your real estate goals. Now is the time to determine your must-haves, nice-to-haves, and negotiables. During showings and open houses we will point out pros and cons of all properties, so that you can make informed decisions.
Once you have seen a home you like, we submit an offer, which outlines the price, terms, and conditions of the purchase. We will provide advice on pricing and offer strategy, leading you through the process.
The inspector will show you how the home works, what is not working and how to maintain the systems. He or she will also provide a comprehensive report for future reference.
In Colorado, your earnest money deposit is usually between 1-3%, determined by the seller. Once you are under contract, you will send the EMD to the title company. These funds are cashed, held in escrow, and applied to your down payment at closing.
We walk through the property just before closing to confirm that it is in the physical condition negotiated through the Sales Contract and possibly the Inspection Resolution.
Congratulations, you are now a homeowner!
Join Mika at Home Sales Palm Beach, one of the leading real estate firms, with a top broker Gregg Amaral. Mika offers a boutique and customized experience for each transaction, ensuring that every client receives exceptional service.