There are so many reasons to buy real estate now, in South Florida, and Aventura, in particular, that I want to explore some of them here. To read more about this, the Sun Sentinel, backs me up with an in depth review. First, prices have dropped at least 20% in most areas. Interest rates are at an all time low. The inventory is huge and gives the buyer so much to choose from For" first time homebuyers "the government is giving an $8000 tax...Continue Reading!
In Dallas, Texas, on October 26, a wonderful thing happened. In the heat and excitement of a real estate auction where hundreds of foreclosures were being auctioned off, a true modern day heroine bid on a house that saved another person's future. The grief stricken owner sat crying as her home was being auctioned and a woman, Marilyn Mock, saw her tears and bid and won the house and turned around and gave it to the former owner as a...Continue Reading!
I think it is important to be focused on the conditions in our immediate market and not let the dramatic news on TV and radio and the web affect our optimism that real estate both being bought and sold will continue in some form every day no matter what the news. Real Estate prices are lower than they have been for five years. Excellent values abound and cash is king. Many buyers coming in from South American, Brazil, in particular have...Continue Reading!
I just returned from a presentation at the sales office of the St. Regis Bal Harbour and I believe it will be the most beautiful and prestigious address and destination in all of South Florida. It brings with it, in addition to beauty of design, luxury features that only can be created by the St. Regis with it's long history of catering to the very discerning from all parts of the globe, a wonderful location with 1000 feet of beach...Continue Reading!
There are some really great oceanfront apartments available well under $l Million in Sunny Isles. Some of the buildings that I see as having particularly good values, are Ocean Two and Ocean Three. Great locations, wonderful amenities and large exciting apartments. Ocean Four, although it is in a busier part of Sunny Isles has beautiful apartments, and a warm friendly atmosphere especially the wide beach. Now is a good time to take advantage of these lower prices. These buildings are...Continue Reading!
At the end of the harbor, just where the intracoastal begins, there is a wonderful development hidden away. It is called Golden Pointe, a townhouse development of 78 townhouses that understands the meaning of good government in this environment. The Board of Directors is diligent keeping track of maintenance and assessment payments and the rules and regulations of the homeowner's association. There are three townhouses currently for sale and will be a great choice for any buyer looking for a...Continue Reading!
Today, the Brookings Institute did a study on the housing market. They notice that the housing crash is not everywhere and in every city. Some homes in San Francisco have been selling at record high prices as are some homes just outside of Washington D.C. They report that immigration into some cities have increased demand for homes but that places like Miami, and Phoenix, Arizona have been experiencing less immigration into these heretofor popular destinations. The report also goes on...Continue Reading!
I just read, today, that a small developer in New York is making mortgages for the buyers without appraisals, no points, no fees and a l point lower than the banks and amortizing on a 30 year basis but holding it only for seven years. They feel that by then, the real estate market should be stable and people will be able to refinance with an institution. This might be a good idea for some of our sellers. It would...Continue Reading!
According to a new study from the Joint Center for Housing Studies of Harvard University, "The State of the Nation's Housing 2008" finds the country is getting ready for an increase in housing demand. This is based on a growing population due to a projected annual immigration of l.2 million. The report said that in addition to different household types developing such as more divorces, aging of population, there will be a growth from 2010 to 2020 in the number...Continue Reading!
The grand scale development on the Gulfstream land in Hallandale is very ambitious with restaurants, casinos, apartments and entertainment. It will add a very needed resort and fun feeling to the area which is sorely missed. All the vacation fun and glamour of years long gone by never was replaced in the northern part of Dade County. Now there will be more reasons for tourists to stay in the new Sunny Isles condo hotels and come here to enjoy activities they...Continue Reading!