Posts Tagged ‘miami real estate report’

Miami Beach Condo: Homebuying Tips That Will Fit Your Budget

August 11, 2008

The condominiums in Miami Beach are considered as best buys for any homebuyers out there. Despite the rich price tags that comes with these luxurious residences, foreign and local home investors are pooling their finances together just to get one for their very own — either for personal use or for profit.

To some homebuyers, their condo dream can’t be made a reality due to the luxurious prices that comes with these residential properties. It is true that condos can be very expensive for an average individual to acquire, but not an impossible dream to achieve if you know how to get one that will fit your budget.

Get Your Finances In Order

One useful tip in acquiring a Miami Beach condo that fits your budget is to settle your finances first. If you think that your own resources are not enough for a condo acquisition, then you can apply for a mortgage loan to give your budget a little boost.

There are dozens of financial lenders in the city offering their services for financial aid to help homebuyers in their acquisition. But before you lock your mind on the decision, you might want to inquire about their offers if you want to get one that is perfect with your financial status.

For starters, visit different financial lenders in the city and inquire about their interest rates and payment methods before you decide. If you have a good credit score, like above the 720 mark, then you are eligible for the best offers that these lenders can provide.

But if you have a bad credit rating, then it is advisable that you avoid the option of applying for a bad credit loan. This mortgage type has a higher interest rate that might bite deep into your income. Give your credit status a good fix to boost your credit score, and then you can be ready to get the perfect loan for your Miami Beach condo.

Condo Window Shopping

Like how we look for the best value in most of our purchases, it is also a sound advice to apply the same principle in acquiring Miami Beach condos. Do a little research and look up assorted condos around the city. Inquire about the features of their condo units and the prices of each.

You can check out home listing with real estate firms and developers around Miami Beach if they have one that meets your requirements. If not, you can try an extensive lookup on the Internet using search engines for a more convenient window shopping experience for the perfect Miami Beach condo for you and your family.

Vanessa Arellano Doctor

Let’s Dig Deep with Miami Foreclosure Real Estate Investing

August 11, 2008

It is always a big deal on a real estate market to identify which specific market that will be feasible to invest with. The knowledge on it is pretty much simple when you try to dissect the facts on it. There are things to consider in its market, especially in a growing and emerging category that has been getting raves. Imagine the foreclosure real estate in a place like Miami. Returns on Miami real estate investing are usually higher than other types of investing. This is because you’re not just earning a return on what money you invested, which is often five percent or less. You’re earning a return on the leveraged value of the house. There will be capital gains taxes to pay, so talk to your accountant as well as a lawyer before you establish the business. Foreclosure real estate is a well-known market in which gives you some valid idea on how to invest in a market like it.

Keep in mind that setting up your foreclosure properties business is an important thing. Be aware that you might need to get insurance on the property if you’re going to have contractors work there. Miami real estate is an important market to even think about investing, if you mix foreclosure market into the mix, you may see the influence on it. If you’re doing electrical or plumbing work on the foreclosure properties you may also need permits. You’ll need a title company to check out titles, and an escrow company for settling and closing on the houses. It is a great deal to know your market well. There is so much to consider especially regarding the market’s big leap. What makes it interesting is it can be a high risk and high reward type of market to invest.

Well one thing to also keep in mind that this business needs hard work, just like any other business venture, flipping Miami foreclosure real estate properties takes an investment of time, money, and hard work. You’ll need to do all of these steps over and over again for each property you buy and sell. Make sure you realize what you are getting yourself into before you begin. I have to vouch for its market as well, because first and foremost there are actually good things in the foreclosure market, things that are really been a good thing for investors, so I won’t be surprised on its impact.

My advice to potential investors is that they need to write down your financial goals and discuss them with your spouse before you begin. The good news is, investing in Miami real estate foreclosure properties does yield fairly high returns. Over the long haul, the Miami real estate market is a fairly safe investment. Even if the market is down, investing in Miami real estate gives you options you don’t get with the stock market, such as renting and tax advantages investing in Miami foreclosure real estate can be a good thing if you know the right moves on it, but if you don’t it can be a rather confusing one.

Jron Magcale

New Miami Real Estate Projects Gives The Market A Boost

August 1, 2008

Miami real estate was once a booming success until the mortgage crisis hit the region in the early 2006. The real estate market collapsed as the number of foreclosure grew, which eventually lead to the increase of unsold homes in the city.

Demands are high yet investors can’t get the mortgage loan they need to fund their acquisition due to the strict requirements implemented by financial institutions in the area.

Despite the fall of the once great Miami real estate empire, the city is currently recovering from the decline ever since the early months of 2008. Today, real estate developers around Miami are seeing a positive growth in the market that sparked the interest of some to implement new projects to address the rising demand of quality residential properties in the city.

High-Rise Residential Properties On The Boom

To address the demand for modern living as dictated by the current lifestyle, many real estate developers are scrounging up their courage to provide high-rise residential projects for possible long-term profit in the real estate market.

According to real estate experts, the high-rise properties, which are more concentrated on condos, are seen to be the top sellers in the region. Considering the popularity of the city as a tourist hotspot, foreign investors find these new projects to their liking, thus, a significant rise in foreign investments are seen throughout the city.

Various real estate providers are buffing up their repertoire of residential properties to attract more investors and homebuyers to purchase properties from them. This competition between developers is showing an active market that will increase the pace of Miami real estate market’s recovery in months to come.

The Perfect Time For Investment

Local investors who were lying low due to the real estate market depression that hit the region during the mortgage crisis are seen to be active again after a 2 year long hibernation. Also, homebuyers here and abroad are showing a positive interest in various neighborhoods in Miami as a prime location to acquire quality residential properties in suitable living environment.

Considering that the media prices of real estate properties in the region are going back to its normal pace, as well as the dropping interest rates of various mortgages types, marks the perfect time for investment in residential properties around Miami — either for business or personal purposes.

Vanessa Arellano Doctor

Leasing Aventura Commercial Real Estate Properties Are The Best Choice

August 1, 2008

Many find it a good choice to lease a commercial property in Aventura real estate, rather than purchasing one of their own. The bustling economy of Aventura contributed to rise of business investors flocking into the city each to set up their own venture.

But rather than purchasing a property that would serve as a foundation of their business, these companies are checking the state of their business operations in the city by temporarily setting up shop in a leased property to be ready for relocation if necessary.

Advantage Of Leasing

Leasing a property is quite advantageous for new businesses in Aventura. Considering that these budding companies are still new in the market, purchasing a property of their own is a premature move at best.

One advantage of leasing a property is to be able to relocate the business to a new location without the expense and worry of leaving their property behind. If the market of their products and services are not in demand in their current location, then moving on to the next would be the best choice. But this decision is hindered due to the property they purchased during the onset of their business.

By leasing a property, the business can easily control the operations expense of their company, and retaining a majority of their funds for the other purposes. This is not possible when a bulk of their financial resources is allocated to the purchase of the property in question.

Even if they do leave it behind in the care of a realtor, it is quite possible that the commercial property will not be sold in years to come, freezing the asset of the business that can never be used to fund other transactions of their venture.

Picking Out A Property To Rent

When picking out a property to be used in your business in Aventura, you need to check assorted locations first to determine if the area is profitable for the business or not. It is also advisable to check the specification of the commercial property you wish lease to determine if it can provide for the requirement of the venture.

Aside from the location and property specification, a business should always look into the price so the real estate before leasing one. Since prices of commercial properties vary from time to time due to the availability of commercial units and demands in the market, it is advisable to lease one only when the median prices is at its lowest.

Vanessa Arellano Doctor

Searching For A Miami Beach Condos On The Internet

August 1, 2008

Condominiums are branded as one of the most luxurious and sought-after homes in this side of Miami Beach. The popularity of the city as a world-class tourist destination sparked many local and foreign investors to scour the city looking for a condo unit to invest on — either as a long-term business investment or personal use.

The Internet offers an interactive method in searching out Miami Beach condos without turning it into a major effort. In fact, going around Miami Beach on foot might glut you with amazing sights and sounds that only a popular tourist hotspot can provide, but your foot might have something to say to you when it’s all over.

In truth, the Web provides navigation-savvy features that will allow a homebuyer to look for a condo unit in Miami Beach without wasting precious time.

Find One Using Search Engines

Search engines are considered as a major tool in information lookup on the Internet. Just using the keywords “Miami beach condo” or “condos in Miami beach” will result to hundreds of results that you will find most convenient for your condo research in Miami Beach. Rather than browsing sites one-by-one through related links, you can easily find all the top sites of popular condo listing on the first page of search engine results.

Real Estate Site’s Interactive Features

Web sites on the Internet that features real estate properties offers extensive interactive functions to their online visitors that will simplify their search for a residential property that will fit perfectly with their needs. In fact, these sites are designed to allow each individual to browse through their information sorted according to its specific category for an easy and convenient lookup.

1. Search Feature

Some of these Web sites integrate a search engine feature that will allow their visitors to search for a condo property on their database by using keywords on designated fields. You can find one through their median prices, location, and so on.

2. Interactive Map

Certain real estate site that specializes in Miami Beach condos sports an interactive map of Miami Beach that highlights all the condominiums in the city. This will allow homebuyers to check out a favorable location by seeing the city in top view. They can easily narrow down a condo search that is near their work area, vacation stop, a business, and more.

3. Online MLS Listing

MLS listing on the Internet offers extensive look-up capability that will allow an individual to narrow their searches according to specific fields like Class, MLS Number, City, Area, Address, Street, Zip Code, Price, Beds, Lot Size, and so on. This search method has a feature that will show homebuyers open-houses in the area of their choice.

Vanessa Arellano Doctor

Investing and Having Fun with Florida Real Estate

August 1, 2008

It is important to know your market, especially when considering real estate. Note that there are a lot of things that people should keep in mind and a part of it has to do with how you handle your own decisions on it. Let it be known that whether you’re in the market for a winter home, or you just want to relocate to sunnier skies, be known that Florida real estate is always a good bet. You’ll find some of the most beautiful scenery in the country in Florida. From the white sands of the sea to the streets lined with palm trees, to swamplands and Disney World, Florida has something for everyone. Let me just tell you that Florida has been known to be one of the best states when it comes to real estate. There really are a lot of things to consider on it. They say that the ultimate for a location is weather, people and environment and let me tell you that it is a big factor when considering a home.

Well Florida real estate for the sun and the fun, I think that that going to its market there are really a couple of things that may give it a great push. Its market has been noted and one of the key for it is their resources. Florida real estate is unique for its transient population. People travel to Florida every winter to escape colder climates, Florida is a summer state just like California it has a tropical climate that people really loves. These people are often called “snowbirds.” If this sounds like you, you may want to take a look into the many exciting rental properties available in the Sunshine State. You can see pictures of the many properties for sale or rent using a real estate listing service. Florida real estate has always been one of the best markets to have because of its fun environment and of course the sun.

Florida is also known as a popular tourist destination. Warm weather, great beaches, and theme parks have something to do with that. In recent years Miami has become a hot spot for tourists and celebrities alike. Many celebrities have vacation spots, or second homes in Florida. Real estate is a great investment in Florida. You can rest assured your property will hold its value. The condo, commercial real estate and the residential are also having sort of their own boom in which people really look up to. A lot of it has been said because Florida is a great state to live in and there are so many people to testify for it. Be sure to know your way into its market, it is always a great thing ton invest in its market as there are great potential for it.

Well to put it simply, Florida real estate is an exciting investment in your future. Whether you’re relocating for the sun or the fun, Florida is one of the hottest real estate markets right now. I do believe that with its rich resources and the extreme amount of fun to consider here. Florida real estate can always be the ultimate in real estate investing. Because prices are competitive, it’s a good idea to find a property listing website or real estate agent who can show you all that is available. If you’re selling your property in Florida a listing site is the key. It’s a way to get buyers in touch with sellers. As you know, if you’re selling your home time is of the essence. It’s a simple sales principle. The more people who see your home, the greater your chance of selling it quickly, let it be known that investing in Florida real estate can always be a great idea to have.

Jron Magcale

Going Neutral on Miami Real Estate Investing

July 29, 2008

It is always known that investing in Miami real estate is always a big step. Note that it is always one of the things that people considers and the knowledge on this fact comes to the realization in which Miami is always a real estate hotspot. I know that you hear it so much that it’s ingrained in your brain when selling, real estate go neutral but why? Well there are different takes on it in which it all depends on what you have on. Sometimes there are a lot of things that people always keep in mind to. Miami always offers a lot to investors as we are all aware of the potential of its market is off the charts. Many have put their time and effort to it and since it is big on other levels in which people often look for. More to a fact the real estate side of it have experienced a lot, I do believe that there are certain things that we have to keep in mind that potential-wise can be great in the future.

Well going back to the topic, we should keep in mind that there are emotions associated with color our senses are heightened and we react to certain hues and certain feelings come out with certain colors. That also applies on analyzing real estate. Unfortunately, we cannot generalize that red will make you angry, blue will sooth you and yellow will make you indecisive. It is also known that the psychology of color is a lot more complicated than that and different colors affect different people in different and unpredictable ways. Basically the truth about it is that Miami real estate is something that people should really consider and analyze as well.

Judging on what the value of the colors about the real estate expression, you need to be at least knowledgeable about the analysis of it. I’m not going to go into details about the colors that were finally chosen, but the whole point of this is that as a Miami real estate seller, you have the ability to control certain aspects of how people will feel when they walk into your home. There are actually some important analyses on it because most of the time the general thought on it is that Miami real estate value everything that can be related to the market. Although going at it with a general knowledge can always give you the basic steps on it.

Other known things about real estate can always be known about progress in it. Keeping colors in the off-whites and light beige color scheme is not only the best way to feature elements within a property, but the best way for people to be unbiased when viewing your Miami real estate. When you are competing against so many other properties for sale, wouldn’t it make sense for you to try to make that first visit as pleasant as possible, without instilling feelings that are out of your control? That’s the reason for neutral in the Miami real estate.

Jron Magcale

Condos Are The Perfect Home In Miami Beach

July 29, 2008

When you are looking for the perfect home in Miami Beach, then a condo unit for you and your family is a fine addition to your lifestyle. Miami Beach is considered as one of the most glamorous and luxurious of cities in the world. Tourists, from average individuals to star-studded Hollywood figures, frequent many of the most elegant shops, restaurants, resorts, and entertainment areas in the city. It would only stand to reason that you should live like one too.

The Lifestyle Of Condo Living

An apartment, a single-family home, or a townhouse cannot compare to what you will likely experience in living in a condo unit in Miami Beach.

Each Miami Beach condo unit was designed to fit perfectly with the lifestyle of any of its occupants. Modern furniture and fixture are pre-installed ranging from bedroom furniture to kitchen utilities — all designed according to the residence unique theme and style.

Aside from the facilities in a condo unit, the complex itself provides additional features that their residents and guests would surely love; such as swimming pools, health and fitness facilities, a sports area (usually on the ground floor), underground parking, and security and housekeeping personnel that will all add to your personal convenience and comfort. Some of these condos have wireless Internet connection provided in each unit to keep up with the modern times.

No More Chores

One advantage of living in a condo unit in Miami Beach is your daily upkeep. If you live in a single-family home or an apartment, you will be doing all the chores to maintain the quality of your residence — on top of your normal work routine. But in a condominium, housekeeping staffs are at your disposal for a small monthly fee. They will clean your home, do you laundry, do some repairs, and so on.

This is considered as a stress-relief for those who keep a busy working schedule with no extra time to maintain their home in top shape.

Choosing A Condo Location

When you go around the city looking for a Miami Beach condo, you can’t help but notice that there are quite a lot of choices to choose from. Even on the Internet, you can see dozens of real estate sites offering their own brand of condos to the online masses.

If you want quality, then South Beach is one of the best places in the city to look for a condo of your own. South Beach is quite well-known for its Art Deco district. You will surely enjoy the world-class facilities ranging from luxurious restaurant to breathtaking historic sights that you won’t see anywhere in the city.

Vanessa Arellano Doctor

Fort Lauderdale Condo Overtaken by Hotel Developments

April 22, 2008

Yes, the boom that we all now from the Fort Lauderdale Condo market is over, it has its good days but now it’s behind all of us. As much as we want to keep the boom in tact, we all know that nothing last forever. It is official by default, the downtown condo market’s known boom has been overtaken by a new trend the hotels. Yes, you heard it right the hotels now are making its way to the scene as developers and investors are focusing their time in making hotels now more than ever. They are very much aware of the condo’s status in the market so they redirect their attention to a different bidding. It is known that the market’s overflow of condos all over Florida has caused the housing market to take a slump.

More to a fault now, the common knowledge of people is that they tend to focus their attention to what is in demand, what is in the trend or what makes the market shine. It’s like yesterday it was the condo market, the next day it’s the hotel market. It is rather amusing to watch the rise and fall of the market, the huddles and the struggles and all that. Right now, developers are there seeking building approvals for about 4 major high-rise hotels and office towers, on top of that investors are seeking more deals to go down in the hot property right now which is the hotel. It may probably the next big thing in Fort Lauderdale real estate market biggies.

More than 1 million square feet of new office space would also be built. All told, there are plans for almost 1,000 hotel beds in Fort Lauderdale’s relatively compact downtown, city building plans show. Meanwhile, high-end hotel developers were busy re-making the beach. A vertical renaissance swept through the downtown in recent years, filling it with new residential condos and lofts. It is known that right now the departure of the condo developers in downtown Fort Lauderdale and specifically the hotel builders have step their feet in the market. Two of the proposed projects originally were proposed as condos. The city’s rules for developing downtown put a limit on residential growth, and that cap has nearly been reached.

All signs are pointing to a potential hotel boom, with likely millions to spend, the condo market is having a down time, I think the condo market is indeed in a downward slide, in which the people have been rating it as a low-end in the market right now, most probably because of the condo overbuilt it have skim to people’s mind that changes are vaguely needed so that is where the hotel building came to idea. I think it’ll still be too early to tell. Up until we have settle and the numbers are printed by then we can confidently say that we are in a good market.

Jron Magcale

Locking Eyes on the Miami Real Estate Foreclosure Market

April 22, 2008

Let’s face it Miami is having a rough year in its market, at the end of the day everyone is having a bad year anyway, so investors shy away from it, big deal. Home buyers in the Florida area are getting more and more curious on what the market can offer to them. It is almost a hard fact that people tend to invest in the most unlikely places, let say the Foreclosure market. It is one of the most well-known market people attend to. Based on numbers alone, more that 40% of homebuyers in Miami travel lengths just to get a chance to see what is in the foreclosure markets have in store. Sure you can get a good deal in the market, because it is cheaper and it is easy to get good deals there, on the flip side though you don’t know what you are getting, you might get a good deal but you have more renovation to do it seems like you purchase another home.

For some reason personally I think that foreclosures in general are always not the best buys for one reason I think, and it is that the majority of the foreclosures that are available were originally purchased at the peak or near the peak of the market, thus giving the banks to lent too much money on these properties since the bank owed so much money on a typical foreclosed property the endpoint is they don’t have the means and the ability to sell it at today’s rate or market price. Which in time gives it a bad image to the masses, other than that issue that is raised, It think that more buyers especially those with tight budget relies heavily on the foreclosures. To make sure you are in the right path, you should consider checking and giving time on studying what you want to invest on.

The Miami Beach foreclosure market has been getting nice numbers, simply because the average home buyer wants to invest less. It is known that the numbers that we have in the recent years are rather off-peak but it’s nothing to be alarmed of because it is still in the imaginary “green line” in which means we are still in the safe zone. Once it gets the “red zone” it is the time to be alarmed, right now it’s all good. The foreclosure market is rather been saving the market for a few times now, because the new home sales are taking a bump and bruises, the condo market is getting the doubts and the commercial market is not posting good numbers either. I like to take this moment to reflect on how much the Miami real estate market is getting on other means of marketing.

Right now, the real story here is the amount of inventory on the market, people never stopped buying here and the foreclosure real estate market in Miami still continues to hit the right prices in terms of selling. It is still an important fact that you have to consider that the market is in a state of cramming and they are trying to chase the numbers ion which we all fell behind of. Remember that Miami is still in the infamous list and as long as the wind still blows in a direction which we all don’t agree, we have to ride it. The foreclosure market in Miami will save us for now but not in a high rate.

Jron Magcale