MIAMI REALTORS®
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South Florida Homebuyers Should Set a Realistic Budget

by David Garcia

Real estate experts recommend that buyers spend a maximum of three-and-a-half times their annual income on a home purchase. A household that earns a total of $100,000, for example, could spend up to $350,000 on a condo or house. Check out the Miami Herald’s interactive tool to find ZIP codes that meet that your buyers individual criteria. This tool includes information about school rankings and crime rates.

Source: Miami Herald

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