School Calendar for 2006-2007

To view an easier to read enlarged picture of the calendar above, please click on the image and then click on the maximize symbol on the lower right side of the image.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Recent Sales in Kendall Village Homes Community

Recent Sales

April 20, 2006 8331 SW 124th Avenue 1743 Square Feet $315,000

June 06, 2006 8311 SW 124th Avenue 1743 Square Feet $326,500

July 19, 2006 8401 SW 124th Avenue 1690 Square Feet $314,000

July 28, 2006 8401 SW 124th Avenue 1690 Square Feet $315,000

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Monthly Real Estate Report - July 2006

Here is the July 2006 real estate market report for select areas in South Florida. If there is an area that is not listed and you would like to see it in this report, you can request that it shows by emailing me at amit.bhuta@floridamoves.com.

To view an easier to read enlarged picture of the reports below, please click on the image and then click on the maximize symbol on the lower right side of the image.




Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Here is the June 2006 real estate market report for select areas in South Florida. If there is an area that is not listed and you would like to see it in this report, you can request that it shows by emailing me at amit.bhuta@floridamoves.com.

To view an easier to read enlarged picture of the reports below, please click on the image and then click on the maximize symbol on the lower right side of the image.






Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Monthly Real Estate Report - May 2006

Here is the May 2006 real estate market report for select areas in South Florida. If there is an area that is not listed and you would like to see it in this report, you can request that it shows by emailing me at amit.bhuta@floridamoves.com.

To view an easier to read enlarged picture of the reports below, please click on the image and then click on the maximize symbol on the lower right side of the image.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Monthly Real Estate Report - April 2006

Here is the April 2006 real estate market report for select areas in South Florida. If there is an area that is not listed and you would like to see it in this report, you can request that it shows by emailing me at amit.bhuta@floridamoves.com.

To view an easier to read enlarged picture of the reports below, please click on the image and then click on the maximize symbol on the lower right side of the image.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Monthly Real Estate Report - March 2006

Here is the March 2006 real estate market report for select areas in South Florida. If there is an area that is not listed and you would like to see it in this report, you can request that it shows by emailing me at amit.bhuta@floridamoves.com.

To view an easier to read enlarged picture of the reports below, please click on the image and then click on the maximize symbol on the lower right side of the image.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Recent Sales in Kendall Village Homes

There has been quite a bit of activity in the Kendall Village Homes community recently.

Recent Sales

1. 8371 sw 124 Avenue $318,000 1743 square feet
2. 8381 sw 124 Avenue $315,000 1743 square feet
3. 8431 sw 124 Avenue $315,000 1857 square feet

Properties Currently Available for Sale

1. 8331 sw 124 Avenue 1743 square feet
2. 8351 sw 124 Avenue 1743 square feet

If you or someone you know is interested in more information on the properties above, would like to purchase a home anywhere, or would like to get a free no obligation consultation with me regarding selling your home please email me, Amit Bhuta (pronounced Ahmit Booda), at amit.bhuta@floridamoves.com or contact me at (305) 439-3031.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Tax Consequences When Flipping Pre Construction Properties

Today a lot of people are buying pre-construction properties and flipping them. A question I get asked many many times are the tax consequences involved when you do this. In an article by Ilyce Glink for Inman Real Estate News the question was answered the following way. The question uses an example of an initial $10,000 payment and an additional deposit of 15 percent due in August.

If you make a profit by selling something that you own, you have a taxable gain. Just what kind of gain hinges on the question of what it is that you bought and when you are considered to have made the purchase under tax law.

If the initial $10,000 payment buys you a transferable contract or an option to buy the property, then your holding period begins with that payment. If you do not have a transferable contract or option until you make the 15 percent down payment in August, then your holding period begins with that payment. If you do not have a transferable option to buy until some time after August, then your holding period will begin at the point that you have a transferable option to buy.

In any case, if you sell your transferable contract or option to buy less than 12 months after you obtained it, any gain will be a short-term capital gain, taxable at your top ordinary income rate. If you sell your transferable contract or option to buy more than 12 months after it was signed, any gain may be considered a long-term capital gain taxable at the 15 percent capital gains tax rate.

Of course, if your contract or option to buy is not transferable prior to completion of construction, then your holding period does not start until you close on the purchase of either condo.

For more information, you might want to check out IRS Reg §1.1234-1, "Options to Buy or Sell," which is available for free at www.irs.gov. As the regulation explains, capital gains tax rates apply to capital assets, and real estate is considered a capital asset.

However an option to purchase real estate might or might not be considered a capital asset. Much will depend on the terms of the document you have signed and the rights it does and does not give you. What many pre-construction buyers don't realize is that often, developers will write contracts that prohibit you from assigning your rights under the contract.

The characterization of your right to buy is going to be the determining factor in finding out whether long-term gains are achieved when you signed the contract or whether you have to wait until you close on the purchase of the units.

As always, each taxpayer's position is unique and any advice offered here is by necessity, general and educational in nature. You should consult a tax professional for advice specifically tailored to this particular situation.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Monthly Real Estate Report - February 2006

After speaking to many of you, I was told that the information provided in my new Monthly Real Estate Report is the type of information that you were interested in receiving monthly. I hope you enjoy the report and please feel free to post comments. To view an easier to read enlarged picture of the reports below, please click on the image and then click on the maximize symbol on the lower right side of the image.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Buying a Home in South Florida

Buying a home in South Florida is what more and more people are doing each year. Shaquille O'Neal, Jennifer Lopez, Oprah Winfrey, Beyonce, and Matt Damon are just a few of the celebrities that have chosen South Florida as their home. You don't have to be a celebrity or extremely wealthy to be able to afford a home here, even though it is getting tougher and tougher each year. Besides affordability, there are many things that most people consider when they are moving to an area that they are not that familiar with - schools, local demographics and neighborhood info, weather, property values, community information, etc. The hard thing is to find all this information as well as all the other real estate related information (property search, daily updated mortgage interest rates, estimated property taxes, mortgage calculators, open permit search, etc.) in one place. After years of research, there is one web site that does all that and more. The web site, www.DadeCountyMLS.com, is very user friendly and lists the numerous resources it has on its home page. Just click on the "select page" section on the front page and you will be armed with all the information to make your dream of buying an affordable home in South Florida a reality.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Real Estate Market Report (4th Quarter 2005 Miami Dade County)

Every quarter I prepare a real estate market report for Miami Dade County. The report compares a three month period of this year compared to the same time period for last quarter. I hope it gives you a better understanding of the real estate market in Miami.

Please click on the above image and maximize it (towards the bottom right of the image) when it opens so that it is easier to read.

Please click on the above image and maximize it (towards the bottom right of the image) when it opens so that it is easier to read.
Please click on the above image and maximize it (towards the bottom right of the image) when it opens so that it is easier to read.

Please click on the above image and maximize it (towards the bottom right of the image) when it opens so that it is easier to read.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Happy New Year!

May health, happiness, and good times greet you each day of the new year.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

Seasons Greetings

Seasons greetings to all of you! I wish all of you the very best. Have a safe and happy New Year, and good luck to all of you and your loved ones for the coming year.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com

About Kendall Village Homes

If you are not familiar with the Kendall Village Homes community, the following was taken from an article in the Pinecrest Tribune.

Conceived as a pedestrian-friendly community, Kendall Village Homes is ideally located at the Kendall Drive exit off the Florida Turnpike and within walking distance from the Bahama Breeze restaurant, Regal Cinema 16, and great shopping such as Old Navy, The Gap, Best Buy, Sound Advice, Barnes and Noble, and Bed Bath and Beyond.

And LA Fitness, the largest, most advanced workout facility in all of South Dade, is practically right outside your door. Some of the area's best hospitals and schools are also right nearby. Kendall Village Homes is definitely a one-of-a-kind community, where residents can take casual strolls and bike rides in a distinctive walled-in environment, or choose to walk to nearby shopping without any of the hassle. An oasis of serenity right in the heart of Kendall.

"The moment you drive through its elegantly landscape gated entrance, you know you have entered a masterfully designed, walled-in residential community of 87 townhome residences offering a unique level of sophistication, privacy and affordability rarely found in any other residential community," said Kendall Village Homes' developer, Mr. Jim Perez. "We have gone to great length to develop the type of residential community that offers today's home buyers with excellent overall design and livability, quality construction and an enviable location," added Mr. Perez.

Kendall Village Homes offers some of the most spacious 3 and 4 bedroom, two-story townhomes in the market today. All with plenty of quality features like a single-car garage, dramatic high ceilings and interior arches, fully-equipped, all electric designer kitchen, high-efficiency air conditioning and heating distribution system, security alarm, smoke detectors, ceramic tile floors in living areas and bathrooms, Roman bath tub in master bath, Old Chicago style brick pavers, Mediterranean style barrel tile roof, decorator selected exterior lighting fixtures, dramatic covered entryways, a swimming pool and cabana clubhouse for the enjoyment of all residents and much more.

There are four distinctive floor plans to choose from, all designed to provide the home owner with long lasting value. If you or someone you know is interested in moving to the Kendall Village Homes community, please contact me and I will let you know what is available for sale.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com