Real estate miami

Miami Real Estate’s Growing Trend in the Market

One thing that I noticed is that investors see foreclosures in Miami as a prime target, buying when of job shortages and force more homeowners to fall behind on their payments, and selling when real estate prices recover. They will study the listings of foreclosures in Miami for the properties most likely to generate the largest profit in the shortest time. Well this should not be a shock but more of common and natural act on today’s market a lot of people have been on the verge of making Miami foreclosure market as a way to get a hold of Miami. With everything else falling in terms of real estate business. Foreclosures have become investor’s paradise. A lot of people, local or not have been trying to shed light on what Miami real estate can offer or give. It is not a sure shot that you’ll get quality real estate in the foreclosure but it is a good way to start on investing, as we all know Miami has tons of potential.

Basic info about Miami foreclosure is that if those purchasing foreclosures in Miami do not have to put any money to the properties they buy, they will often sell them for only slightly more than the foreclosure price, still getting a profit without having to maintain the properties any longer than is necessary. Well actually there are a lot more than foreclosures in the market and I am just tackling foreclosure because it is a hot commodity in real estate Miami. The rumblings on this are that Miami can have the upper hand on investors and in time market-wise things will see changes. I think this is a start of something good to a point. Selecting the right market has always been a thing that makes most of the potential. It is simply a good start for the real estate front but definitely there are a lot to keep in mind to.

So overall there are other investors Miami, however, that look for properties in poor condition and but them at dock-bottom prices. They put enough money in the homes to make them presentable, and sell for their costs plus a nice profit. So many undesirable foreclosures in Miami eventually become transformed once again into desirable homes. It is a long journey for the Miami real estate but the road doesn’t end there I mean we can still find a lot on the market’s threshold, we just have to watch out for the potential Miami real estate has in store for us.

Miami Lakes Real Estate – Outstanding Technique To Sell Your Home Fast

Trying to sell your home can be an overwhelming experience. There are many things to do just to get your property ready for sale in the Miami Lakes real estate market. Painting, clean up, organizing the property are only some of the things you must do before marketing your home. Also you always worry about the concerns of how much money you will get in an open market.

Will you get the price you are asking or will you reduce your price in order to sell your home? After all, your property is the biggest investment you will make and when it comes to selling it you want to receive the most return possible. Most Miami Lakes real estate sellers would like to get the highest price possible for their home but don’t know how to go about it.

There are currently 82 single family homes for sale in Miami Lakes. The price range is from $380,000 dollars to over $1,500,000 dollars. Don Shula’s Athletic Club is a great place to play tennis and work out in Miami Lakes. This town is a great place to work and play.

Seller carry-back, or take-back financing, is a great proven technique to close the deal. The majority of sellers do not think about this technique when selling their homes. Homeowners should consider this unique technique when it comes time to sell their property. The Federal Reserve estimates that 100 billion dollars of seller carry-back financial exits in the United States of America. This huge sum of money is staggering. It is an indication that more consumers are using seller financing techniques in order to get their homes sold. It is a proven benefit to both buyers and sellers. The seller take-back financing is not a complicated concept. The seller-take back loan is generated when the property is sold and the seller holds a part of the mortgage. The seller in effect is acting as a lender by financing part of the transaction.

The Miami Lakes real estate seller is actually lending the buyer a certain amount of money toward the purchase price, while a traditional mortgage company usually funds the balance of the purchase price. The transaction of a seller take-back loan uses the property as collateral. This loan then is considered the primary mortgage and is attached to the property as collateral. The buyer pays the seller with interest as mutually agreed over the term of the loan. The terms are usually stipulating that the buyers send the payments on a monthly basis. This continuous cash flow is one the great benefits to the note holder. At any time, the seller or note holder can cash out and sell the note and collect the money in a lump sum. This is advantageous because it creates a steady monthly cash flow for the seller.

Regardless of Miami Lakes real estate market conditions, seller take-back financing is an excellent strategy. Both buyer and seller have great financing options which enables the seller to get a higher price in less time. This is an excellent investment that generates an ongoing monthly cash flow and very high return on investment. The seller can always sell the note in the open market if he or she needs the immediate cash. Consider the many benefits of seller take-back financing when selling the house. Sellers should consider this technique to sell your home fast.

Hector Lesende is owner/licensed real estate broker at Internet Realty & Mgmt in Miami Lakes, Florida. We will sell your home from 1% commission. Please visit HUD Homes For Sale We offer a South Florida Foreclosure List. We buy homes CA$H. Eviction Service. Search Miami Lakes Real Estate

Sunny Isles Beach, Miami: Florida’s Premier Place for Real Estate Investment

Planning to invest on some real estate? The Sunny Isles Beach in Miami, Florida is a very good place to consider. It is known for the beautiful beaches, which is also considered to be the best among the others in Miami and of course, all over the world. In fact, it is number 5 on the list of Top 10 Beach Cities by National Geographic.

Also called as ‘Florida’s Riviera, the ambience of this place is also fantastic, as it is less crowded unlike the other popular beaches, Miami Beach and South Beach. It has the Atlantic Ocean on the east, and has the Intra-coastal Waterway on the west-side. The atmosphere is somewhat causal, just the perfect place for people to chill and enjoy.

Towering condominiums, high-quality hotels and resorts, luxurious infrastructures, and pristine beaches are just a few awesome sights in Sunny Isles. With clean surroundings and high-rise buildings, this area is surely very relaxing, and a great choice when you’re looking for the perfect place to invest in.

Growing Number People

As per the last population survey by the United States Census Bureau, it has 20, 832 residents in 2010. The place is also coined as the “Little Moscow” because of the large and growing number of Russian and Russian-Jewish people.

Since a lot of people are coming to spend vacation, or even to stay for good, investing in a place where the population is increasing consistently would be a good decision.

More people would mean that the trading and over-all economy of the place is quite remarkable. Residents of the place usually come from the different races such as Russian, Italian, Polish, Colombian, Brazilian, American, Irish, and German.

Interesting Places and Events

Get your eyes ready to feast on the luxurious, homey, and highly rated buildings and resorts. A few of these are known to tourists for their commendable accommodation and service.

Trump International Beach Resort is one of the great must-visit resorts, as it boasts not only of its popularity, but also with their superb service, which would always have the customers leaving satisfied. There’s also the Acqualina Resort and Spa on the Beach, Sole on the Ocean, Marenas Beach Resort, and Golden Strand Ocean Villa Resort.

There are also plenty of restaurants around the place, which are known for their food and service. There are also beautiful parks around, and you can also engage in water sports, and enjoy the nightlife with popular bars and a very festive environment.

The place also boasts of a number of piers, which also offers good amenities, including the Beach Bar – Newport Pier, which is famous for their seafood, steak, and sushi. If you want to spend some time fishing, you can check Newport Fishing Pier. There’s also the Pier Park, which will let you have a great view of the ocean and offers variety of seafood dishes.

Being in this place would never leave you bored as there are many areas to visit and events to attend to, so imagine how it would be like if you are finally staying for good, in the comfort of your own home in a nice place such as Sunny Isles Beach.

Extravagant Buildings

High-end brands that are globally known have collaborated with local developers to build some of the most luxurious buildings and condominiums, which are not only famous locally, but in Florida as well.

A few examples of such buildings is the $560 million Porsche Design Tower, which has 132 exclusive residences with complete facilities. This building is unique, being the first one to have an elevator specifically for every car unit. Your garage will be high up in the sky, overlooking the Atlantic, and seen through an exquisite glass elevator. This ultra-luxurious building is set to be completed by the year 2016.

The Residences by ARMANI CASA is also included, where the construction began early 2015. It will be offering world-class services and will be fully equipped with furnished residences, restaurants, private cabanas, spa and fitness centers, all that in front of a beautiful ocean scenery.

Tropical-Monsoon Climate

The weather is just perfect. During the summer season, the weather is usually hot and humid. Winter season is usually short, warm and dry. This type of climate is very essential for beaches since people can enjoy the waters without worrying of sudden rainfall. The place experiences abundant rainfall usually from the months of May until October.

Hassle-Free Transportation

It is an ideal location – situated just between two airports: the Miami and the Fort Lauderdale International Airports. The local government also offers shuttle transport that’s free of charge all over the town, and would make various stops the whole day.

Excellent Educational Facilities

This place is not only all about the beautiful beach; there are also various schools, which offer education for residents and even from neighboring communities. Norman S. Edelcup Sunny Isles Beach (K-8 Center) is an institution which offers education from Kindergarten until Grade 8.

Highland Oaks Middle School is for Grades 6 to 8. For high school, there’s the Alonzo & Tracy Mourning Senior High Biscayne Bay Campus and Dr. Michael M. Krop High School. Florida International University is also available for the higher education, as well as the University of Miami, Miami-Dade College, and the Barry University.

Conclusion

Even if you’re just spending a few days or so in this place to have fun on your vacation, it’s definitely the right place to go to, how much more if it already involves long-term stay. There are a lot of advantages if you’ll invest in some real estate in this place, and with thorough consideration and research, you can come up with a decision which will be good for you (and your money!)

If you’re planning to invest in real estate in Miami, buy a ready-made home, build your own dream house, find a rest house, or want to start a business that will be beneficial for you in terms of location and possible customers, the Sunny Isles Beach should be on the top of your choices.

Why Buy Miami Real Estate? 5 Advantages of Buying a Condo Over Renting

The real estate market in Florida, and Miami in particular, has been hit hard over the last few years. During the real estate boom, dozens of developers build large luxury condominiums in the city that — when the market when bad — sat empty. For many, this has created an opportunity to finally own a piece of Miami real estate at an affordable price. The Magic City truly has a lot to offer, with a warm tropical climate, pristine beaches, exciting nightlife and a culture that makes the city a true melting pot. Still, you may be wondering whether you should take the plunge and buy a condo or just rent one to enjoy the lifestyle in the city. Here’s a look at 5 advantages to buying a condo in the city rather than renting.

1. Affordability

If you’re ready to buy a condominium in the city, which tend to be more popular than single-family homes, you’ll find a number of good deals in desirable areas like South Beach and Brickell Avenue. According to the Trulia rent versus buy index in 2011, Miami is the top city where it’s cheaper to buy than rent. This index compared median sales prices with the median rents on two-bedroom condos and townhomes.

2. Long-Term Investment

Buying Miami real estate should be considered a long-term investment, as home prices tend to go up over time. Miami is one of the top 5 tourist destinations in the United States and professionals from around the world continue to move to the area to buy real estate. While home prices are relatively low in the area now, real estate prices in the greater Miami area have continued to rise through 2012. The thousands of condominiums that sat abandoned after the housing collapse are almost completely sold and a number of new developments are planned in Miami for 2013, such as Bellini Williams Island, Icon Bay, Brickell House and the Porsche Design Tower. This shows that the market is definitely picking up in the city and the good deals won’t be around much longer.

3. Build Equity

Building equity is another thing you can’t do when you rent a condo in the city. Many of the foreclosed condominiums in Miami are being sold for great prices and, with a bit of improvements, should be worth well above what you paid in just a few short years. The ability to build this equity is one of the primary reasons people buy real estate.

4. Future Rental Possibilities for Income

If you’re trying to decide if you should rent or buy a condo in Miami, you probably already realize that rentals in the city are very popular. As a major tourist destination, short-term condo rentals are extremely popular in Miami and surrounding areas like South Beach. According to one popular vacation rental website, Florida is one of the top 3 destinations for beaches, pet-friendly vacations and family vacations. When you buy Miami or South Beach real estate, you have the ability to then rent your condo in the future to tourists or even professionals staying in the city for a few months on business.

5. Tax Benefits

The biggest tax advantage you gain by owning property in Miami is the Homestead exemption, which is good for up to $50,000 for Florida residents on their primary residence. The state also offers a senior citizen exemption up to $50,000 in many counties, as well as a widow(er) exemption, disability exemptions and a number of veteran’s exemptions.

Majestic Properties was founded in 1995 as a full-service independent real estate organization. Majestic Properties employs over 200 sales associates specializing in foreclosure, short sales, commercial, investment, single family residential, luxury leases and condominiums in the South Florida area.