South Dade Real Estate Market Report- Coral Gables, Pinecrest, South Miami, Kendall, and Cutler Bay.

By Maycol Delgado | Published: August 17, 2009

There are currently 27 new singles Family listing in South Dade..
1. The highest Priced Listing is the Coral Gables Estate. This home is located 4900 Lake Ln it features 5 bedrooms and 5 Full baths over 7,647 square feet of living area and over 47,916 square feet of Lot. Listed at 9,800,000.
2. The lowest Priced listing is also a home located in Coral Gables the address is 447 blue rd it is a 2 bedroom 2 full bath home with 1,145 of living area and a lot of 6,000 square feet.

 
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Active Listings

In the last 7 days There wasn’t a new foreclosure home. All of the 27 new listings in the market place are privately owed and NO there are not Short Sales. The Real Estate Market is local by nature and some cities and neighborhoods are experience more Foreclosures than Others.

There Were 74 closed Sales in the last 30 days.
1. The highest closed sale was a Pinecrest home listed for 3,000.000 and closed for 2,565,000. The home located 9076 sw 59 ct was a 8743, 8 bedroom, 8 full bath luxury estate.
2. The lowest closed sale was in South Miami it was a foreclosure. The home was listed for 74,250 and it closed for 80,000. The home featured 3 bedrooms 1 full bath and 1455 square feet.

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A New Homeowner

By Maycol Delgado | Published: July 31, 2009

 

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Asking Price: 142,900

Sales Price: 142, 900

DOM ( Days on Market): 1 day

Sqft: 1578

Bed: 3 Bath: 2

 

Courage has many different meanings depending on who you ask. I was told, courage is not the fact that you’re not afraid is the fact that you acted even if you were afraid. Many Buyers and sellers at some point become afraid of the unknown. Some buyers are afraid of all the paperwork involved and some sellers are afraid on change. Today I experience a small part of courage and faith from a buyer who ultimately had both.  After a 6 months of applying, waiting and viewing homes today July 30, 2009 she became a new homeowner.  

As I think about her experience and the outcome is hard to not believe that sometimes good things do happened to good people. This closing had many curves, detours and dead ends but some how we were able to get to the final destination. IT took many hours of work from everyone involved but we were all glad to see another page of the chapter turned.

IF you are a buyer don’t be afraid of the paperwork or the overwhelming time it takes but be glad that you are in a position to buy in this market. IF you are a seller you still can upgrade to a bigger house or even relocate to your retirement haven.

Call us today to help you in your Journey of Selling or Buying a Miami Home.Dont hesitate and start your home search today!! To contact us please call    305 726-6229        or email: Mdelgado@globalmarketrealty.com. The city of Miami  is a great place to live and is served by the Dade county School District.

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3 Questions to ask before you negotiate.

By Maycol Delgado | Published: July 20, 2009

1208043_going_green_pays_off copy3 questions to ask before you negotiate.

Being a big dresser I love to wear business suits, I am a strong believer of first impression are the best impression. But I must say I don’t wear suits just to make an impression but because I enjoy wearing them. I can take hours feeling the fabric, enjoying the patterns and choosing the right color. Because of the amount of time I invested in learning and appreciate a good suit I also learned the true value of a suit. It was on a sunny weekend while I was driving home from having breakfast I pulled over to a garage sale. There I saw what seemed to be a Giorgio Armani, pinstripe, cashmere suit for a 100 dollars my heart skip a beat. Excitement filled my heart, similar to what an 8 year old boy would feel when going to his favorite Movie.

I soon began to doubt the price seemed to be a giveaway. It’s too good to be true! Something is wrong with it! I stared and analyze every inch of fabric like scientists will study a cell thru a microscope.

You might have experience that with a foreclosure home. You went from excitement to a doubtful heart because it was too good to be true. You stared for minutes and began to look for hiding problems. In a span of 15 minutes you inspected the bathrooms, kitchen, and water pressure couldn’t find nothing wrong. As you finished your inspection you began to think of a good offer. You are a bargain shopper after all it’s the reason why you searched for a foreclosure home. You told yourself never to offer the asking price because everything is negotiable. This is true but it is not apply to everything and at every situation. You must look beyond that statement and look to answer these questions before you decide to make an offer?

 

  1. How long has the property been in the market?

IF the property has been in the market for more than 30 days you have a higher chance of negotiating than a home that just got listed. The more days it goes in the market the higher the chance of you negotiating.

  1. What are the comparables sold for?

You might think this is a common question but many buyers overlook it. It is important to know the recent sales in the neighborhood this will determine if the asking price is justified.

  1. How many days did it take for homes in the area to go under contract?

This is a very important question. Take a look at homes that are pending sale in the area. Research how many days it took for them to go under contract. If homes in the area go under contract in less than 15 days don’t hold your breath to negotiate.

 

3.5   How many offers did other homes in the area received?

Theres no way of knowing unless if listing realtor discloses it. Important to know if there’s any competition this will be the determine factor. It’s the simple economic law of supply and demand. Real estate is local by nature you shouldn’t generalize a local neighborhood with national statistics. IF you know how many offers other homes received you will have an idea of many offers this home will received. The same buyers that didn’t get their contracts accepted are the same buyers who are going to make an offer on any home in the same area.

 

Asking these questions first will help you determine whether to offer asking price or try to negotiate.  IF you have placed 4 offers on four different homes and are still looking consider calling us for insider tips. Buying a home can be an exhilarating experience but it also can be an overwhelming one. As I take time and pleasure in learning more about suits you should learn more about the real estate market. It shouldn’t be another job but another journey.  Call us today if you feel lost and need extra help in finding your perfect home. Don’t try to hard to negotiate nickels and dime while you’re saving a dollar.

P.s I didnt buy the Georgio Armani suit someone else did.

Looking for a Foreclosure home in Miami ? Would you like more information on your desired neighborhood? Dont hesitate and start your home search today!! To contact us please call    305 726-6229        or email: Mdelgado@globalmarketrealty.com. The city of Miami  is a great place to live and is served by the Dade county School District.

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First time homebuyers beware of home inspection.

By Maycol Delgado | Published: July 14, 2009

NSP logoFirst time homebuyers beware of Home Inspection…

Have you ever watched Muhammad Ali fight. We all know he is one of the greatest fighters in the world. His unique boxing style and over expressed confidence made him a global icon on the 60s. Some say no one else would ever be like him and others say he was just another overrated boxer. But something can’t be argued is that fact he had a brutal punch. One that if landed precisely can end a fight in the blink of an eye. On July 9 I experience a brutal home inspection one that could’ve ended the real estate sale in a blink of an eye. It couldve shattered dreams and forfeit buyers escrow deposit.

The home  must of  been inhabitable with an order for demolition right?. Wrong ! You couldn’t be farther from the truth.

If you have been in the market for Miami Foreclosure you’ve noticed most foreclosure homes need repairs. Some need new bathrooms others need new kitchen and most need both. According to a recent survey the average repair cost of foreclosure range from 8500 to 15000 dollars.

What was the repaired estimated that almost prevented the buyer from buying?

The Repaired estimate was for a whooping $250 dollars. Yikes!!! Isn’t that a lot of Money?

It wasn’t an ordinary inspection the buyer qualified and applied for the city program called NSP.  The OCED ( office of community and Economic development) administers federal and state funding that supports the development of viable neighborhoods.  Before the city grants this money it needs to send city inspector to assure the property is habitable the inspection is called (HQS).

I meant inspector on the home and I did mention that this must have been the best foreclosure home I ever seen. It was in great condition bathrooms, kitchen, appliances and roof were all in standard condition. He quickly took out this form and began his inspection. After 30 minutes and surprised outcome he noted the failed inspection. He gave me his outline that consists of painting wall, fixing valves, smoke detectors ,air filter, G.I.F system for bathroom and kitchen, and light fixture.

Starring with disleif , shocked and barely able to speak i ask:

“    Mr. inspector these are items that can be done after the closing takes place. Why would buyer fix any of these items before closing? Shouldnt we be more concern on major expenses such as roof, appliances, electric, plumbing, A/C, and windows?

“Homes needs to pass inspection and it hasn’t. The repairs must be done prior to closing or else city wont fund. If buyer needs to repair before closing that’s what buyer needs to do. Please call my office and reschedule when repairs have been made.”

 

Inspector was called 2 days later after buyer repaired all items and we received a pass inspection. Thankfully we were able to recover from what could’ve been a brutal inspection. If you are a first time home buyer first look into the NSP (click here for NSP package)and second be advise some repairs might be needed to the home that must be done before closing. Since this expense is not a lending requirement seller is not obligated to be responsible for it.

Looking for a Foreclosure home in Miami ? Would you like more information on the NSP program?  Dont hesitate and start your home search today!! To contact us please call 305 726-6229 or email: Mdelgado@globalmarketrealty.com

 

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How Important is prioritizing when searching for a home?

By Maycol Delgado | Published: May 18, 2009

                                                       How important is prioritize when searching for a home?
I remember it like it was yesterday, It was my first year of college and I had to take a course of time management. Needless to say I barely passed. Why because I failed to prioritized.. Since grade school we have been taught to prioritize but as we get older weather we are really good at it or we really stink. Prioritizing our wants and needs are very important when searching for a Miami home. Lets take a closer look at the 3 most important reason why you should prioritize.

1. Prioritize lets us separate our wants and needs. They can make a huge difference on your ability to make a decision. Lets take a closer look on a list of prioritize from a buyer of mine.
Priorities
a. Location.
b. Size
c. 4 rooms minimum
d. Ateast 2400 sqft
e. Under 270,000
f. 5000 sqft
g. Condition

When you make a list of the most important factors like the list above this will allow you to stay focus on what matters. As you know all properties are not the same even if they are build by the same developer or even if its on the same neighborhood. Keep in mind that priorities might be different for you. Condition, Price, and size might of greater value to you than location who knows. But there is something powerful of writing your priorities when searching for that perfect Miami home.
2. Lost of opportunity.
The lost of opportunity happened more than you think. Contrarily to the media the foreclosure homes don’t last more than 15 days if they are priced right. IF buyer doesn’t submit offer and decide chances are someone else will. The lost of opportunity is very common when you think to much and become paralyzed analyzing to much.
3. Accomplish much more with less the effort.
It is human nature to want to see every home in the market that you can. But keep in mind Miami is a huge area and even if you just narrow your search down to a certain area chances are there’s at least 30 properties available. I would suggest to narrow your search by just Foreclosures and Privately owned properties. But how effective could you be looking at every home? Not to effective… I have worked with buyers that have seen over 45 homes in a span of 30 days. Typically after 15 homes every home starts to look the same and the lost of priorities becomes Real. To avoid losing your priorities is extremely important to screen every home by your priority list before seeing the home. This will allow you to accomplish more with less effort.

This is a great Real Estate Market for starters the interest rate has remain low and prices are now more affordable than the previous years. Make a list of your home priorities and give us a call. We can customize your search according to your priorities. Don’t miss this opportunity in one of the best buyers markets In Miami’s History.Ready to enter Miami new Real Estate Market? Contact Global Market Realty today. Search the MLS for foreclosures in Miami . Do you want more information on a second home or a vacation home please contact us.at 306 726-6229

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami is a great place to live and is served by the Dade county School District

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Real Estate Market Report for South Dade

By Maycol Delgado | Published: February 19, 2009

Real Estate Market Report for South Dade

Real Estate Market For South Dade

Real Estate Market Report For Brickell, Coral Gables, Cutler Ridge, Kendall, Miami, South Miami, Sweetwater, Village Pinecrest.

Brickell Condos

There are currently 557 Condos listed in Brickell

There is 11 foreclosure units for sale in Brickell

Highest Price listing is 4,950,000 located in the building called the Four Seasons

Lowest Priced listing is for 25,000 located in The Sal

Pending Sales 63 condos Highest Priced listing 869,900 in the Jade Residences

Closed Sales in jan 22 ( Highest priced 899,900 in the Jade)

Brickell did see an increase of sales by 7 more units closing than the previous month. Inventory increase by three more units and pending sales were a mirror of last month market report.  Please note most of the sales in brickell are cash transaction.

Coral Gables

There are currently 497 Homes in Coral Gables

Theres 16 Foreclosures listed in Coral Gables

The highest priced listing is 22,000,000 ( 181 Leucadendra Rd )

The lowest Priced listing is 84,000 ( 117 florida ave)

There are 47 Pending sales in Coral Gables. The highest pending sale is for 2,450,000.

There were 13 closed sales in the last month. The highest closed sale was for 825,000 ( 718 aledo ave)

Coral Gables listings decreases by more than 15 percent. Coral Gables also experience 13 new closed sales from the last real estate market report. This is a positive sign of a Real Estate market making forward steps to improvement. We shall monitor the Coral Gables market monthly.

Cutler Ridge Homes

There are currently 44 homes in Cutler Ridge

The highest Priced listing 379,000 ( 10241 Bonita Dr)

The lowest Priced listing 129,900 ( 9911 sw 198 st)

There are 3 active Foreclosres in Cutler Ridge

There are 8 pending sales in Cutler Ridge ( 19750 sw 101 ave)

There was one closed sale in the last 30 days 19840 lenaire dr ( 168,495)

Kendall

There are currently 46 Homes in Kendall

Highest Price listing is 1,675,000 ( 9945 sw 117 te)

Lowest Price listing is 84,000 ( 84,000)

Theres no new pending sale.

There weren’t any closed sale in the last 30 days in Kendall

Miami

There are currently 619 homes in Miami

Highest Price listing is 8,900,000 ( 3821 bayside ct)

Lowest Price listing is 59,900 ( 2393 sw 5 st)

30 Pending sales highest price listing 1,398,000 ( 8431 sw 52 ave)

14 closes sales in last 30 days in the city of Miami. The highest priced home was 1940 coral gate dr (275,000)

South Miami

There are currently 71 listings in South Miami

Highest price listing is 2,332,000 ( 6700 sw 67 street) this home was reduced.

Lowest Priced Listing is 69,000 ( 6461 sw 59 ct) same listing from the last report

9 Pending sales in the city of South Miami highest price listing is 799,000 ( 7820 sw 58 ave)

5 closed sales since the last 30 day Report. The highest closed sale was for 1,450,000 ( 8220 sw 60 ct)

Sweetwater

There are currently 12 homes for sale in Sweetwater

Highest Priced home is 399,000 ( 10370 sw 4 st)

Lowest Priced Home is 199,500 ( 132 sw 113 ave)

3 new pending sale since the last 30 day report. Highest offered pending sale is 210,000 ( 10260 sw 4 st)

There aren’t any new closed sale in The city of Sweetwater.

Village of Pinecrest

There are currently 264 listings in the city of Pinecrest

Highest Priced home is for 6,499,000 ( 6500 sw 98 st)

Lowest Priced home is 299,900 ( 13320 sw 83 ct)

24 pending sale offered at 3,350,000 ( 9681 sw 60 ct)

9 closed sale in the last 30 days. Highest closed sale was 1,170,000 ( 5700 sw 107 st)

There wasn’t much of a change since last month Real Estate Market Report. But I do expect values to continue going down on the over priced homes. There more inventory expected this year than last year in total.  IF you are looking or want more information on a certain area or zip code please ask. We are professionals that provide you Real Time Data of any Neighborhood. IF you haven’t yet Sing up for our MLS Search to view homes in your area or our Market Reports Real time Data.

Would you like a Market Report for a specific area? Contact Global Market Realty today.  Search the MLS for foreclosures in South Dade .  Do you want more information on a second home or a vacation home please contact us at                        305 600-4435                                                                                                                  

Looking for a home in the cities of South Dade ?

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Real Estate Market Report for North Dade:

By Maycol Delgado | Published: February 11, 2009

Miami Real Estate Market Report For North Dade:

Miami Real Estate Market Report for Doral, Hialeah, Hiealeah Gardens, Miami Lakes, Miami Springs, Opa locka, North Miami, Surfside.

I f this is your first time reading our Miami Real Estate Market Report I ensure you it won’t be the last. Our main objective is to provide the most amount of information to buyers and sellers. The more inform the buyer or seller is the better they feel about their decision. This month Real Estate Market report we saw more negative Real Estate indicators than positive ones. For example The city of Hialeah gardens active Real Estate inventory increase by almost 16%. Most of the North Dade city inventories grew while closed sales remain UN closed.  Can anyone say Buyers Market? IF you are a buyer in today’s market you make the rules don’t let news media or neighbors affect your buying Decision. Take a look at or Real Time Market Data graphs in your area of choice this will give you an idea where Real Estate is in that zip code. Our Miami Real Estate Market Report is on a monthly basis, IF you want us to analyze an specific area please email me or call me.

Doral

  • There are currently 257 homes for sale in Doral.( one more home than last month)
  • Highest price listing still remains to be 5274 nw 94 pl listed at 1,599,000
  • Lowest priced home is 7905 nw 108 ave listed for 190,000
  • There are 4 new Pending Sales for the month of Feb. Highest Priced listing is 7233 nw 113 ct listed for 385,000.
  • 7 closed sales in the last 30 days. Highest selling price was for 870,000 with the following address 6902 nw 12 ave. this home was 92 days in the market.

Doral Homes consist more of condo and townhomes than single family homes. But Doral is still an atractive place to live. Doral is near Dolphin Mall and international mall two of the biggest malls in Miami. Doral is also close to the International airport and major expressways like the turnpike and the palmetto.

Hialeah

  • There are currently 513 homes for sale in Hialeah. An increase of 16% since last months Real Estate Market Report.
  • Highest Price listing is for a home with the following address 16221 nw 119 ave asking pr
  • Lowest Priced home is 4643 E 9 ln for 59,900
  • ice 3,000,0000 ( yikes what is the Realtor Thinking)
  • There are 74 pending sales in the last 30 days in Hialeah a decline of 43%. Highest priced listing is 10150 nw 133 st listed for 574,900
  • There are 24 closed sales in the last 30 days in Hialeah. An increase of 34% since last the last 30 days. The highest Selling Price was for 262,000 for a home with the following address 830 w 53 st the home was in the market for 48 days.

Hialeah Homes are notorious for having in law quarters. Which can be very attractive for first time home owners. I get asked all the time is their a Efficiency to rent out in the home. In this era i dont blame them to ask.

Hialeah Gardens

  • There are currently 43 homes for sale in Hialeah Gardens. Nearly double than last month active inventory.
  • The highest price home is listed for 1,100,000 ( 10287 Nw 135 st).
  • Lowest Priced Home is 2619 W 64 st ( 135,000)
  • There are 3 new pending sales for the last 30 days. The highest priced home in Pending sale 389,000 (9860 nw 137 st)
  • There are 3 new closed sales in the last 30 days in Hialeah Gardens. The HIighest closed sale was for 260,000 ( 8812 nw 110st) the home was 137 days on the market.
  •  

Hialeah Gardens Homes are increasing at least it did in the past 30 days. I expect more inventory since this area was a flipping frenzy back in the Real Estate boom.

Miami Lakes

  • There are 126 homes for sale in Miami lakes 12 more homes than last month Real Estate Market Report.
  • The highest Priced listing is for 2,199,000 ( 7015 Gleneagle Dr)
  • The lowest Priced listing is for 210,000 ( 14425 nw 88 ave)
  • There are 9 new pending sales in Miami Lakes. 13 less than last month Real Estate Report. The highest Pending sale home is for  569,000 ( 8050 nw 159 te)
  • There are 5 closed Sales in the past 30 days in Miami Lakes. One more than the Last months Real Estate Market Report. The highest closed sale was for  510,000 ( 8144 nw 163 ter) The home was in the market for 455 days wow  that’s a long time.

Miami Lakes homes are still desirable for the first time home buyers.

Miami Springs

  • There are 92 homes for sale in Miami Springs ( compared to 93 homes last month)
  • The highest Priced listing is offered at 789,000 ( 1016 Bass point Rd)
  • The lowest Priced Listing is offered at 161,000 ( 372 whithorn dr)
  • There are 3 new pending sales in Miami Springs For the month of Feb. The highest Pending sale is (921 oriole ave) offered for 375,000
  • There where 2 closed sales in the past 30 days. The highest closed sale was for 385,000 ( 331 deer rn) the home was in the market for 96 days.

Miami Springs homes are being dominated by Foreclosure and over priced listings. Expect foreclosure homes in miami springs to sale faster than homes by owners

Opa Locka

  • There are 169 homes in city of Opa Locka ( an increase of 100%)
  • The highest Priced home is offered at 400,000 ( 13380 Nw 28 ave)
  • The lowest Priced listing is offered at 29,000 ( 15141 nw railroad dr)
  • There are 13 pending sales in the city of Opa locka for the month of Feb. ( five more than last real estate market report)
  • The highest pending sale is ( 740 jann ave) the home offered for 115,000.
  • There are 8 closed sales in the past 30 days. ( Five more than last Month market Report)The highest closed sale was for 140,000 ( 2880 nw 170 st) the home was in the market for 96 days.

Opa locka homes inventory increased by 100% this are signs of a buyers market ask us today for foreclosure home in Opa locka

North Miami

  • There are 313 homes for sale in the city of North Miami an increases of 35 %.
  • The highest Priced Home is 12465 Keystone Island Dr offered at 4,490,000
  • The lowest Priced home is 705 nw 133 st offered at 44,900
  • There are 20 Pending sales in the city of North Miami in the last 30 days.(  13 less than last month real estate market Report)
  • The Highest Pending sale is 13290 Biscayne Island ter the home offered for 1,290,000
  • There are 9 closed sales in the past 30 days. The highest closed was for 395,000 ( 2275 ne 120 st)

North Miami Homes are a dime of dozen and the foreclosure market doesnt help. But you can find good deals in North Miami. Please ask us for a list of North Miami Foreclosures.

Surfside

  • There are 74 homes for sale in the city of Surfside
  • The highest priced home is for 6,900,000 ( 9578 collins ave)
  • The lowest Priced home is for 180,000 ( 7101 nw 24 ct)
  • There are 1 pending sale  since the last Real Estate Market Report for a home offered for 299,900 ( 9024 emerson ave)
  • There are 3 closed sales in the past 30 days. The highest closed was for 571,000 ( 9341 carlyne ave)

 Surside homes are very attractive do to their location and architeture. Please ask us for a list of Surfside Foreclosure.

Would you like a Market Report for a specific area? Contact Global Market Realty today.  Search the MLS for foreclosures in North Dade .  Do you want more information on a second home or a vacation home please contact us at          305 600-4435                                                                                                           

Looking for a home in the cities of North Dade ?

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Top 3 investing strategies coming back to life.

By Maycol Delgado | Published: February 9, 2009

 

 Top 3 investing strategies coming back to life.

It wasn’t too long ago when I saw an infomercial of Carleton sheets investing program. I’m sure all of you have seen or heard of this investing program. I myself was a student of this program early in my Real Estate career. Carleton Sheets investing program introduced me to different ways of buying Real Estate.  But as I applied the investing strategies to The Real World I realized more and more it seemed that the investing strategies didn’t work in Miami. At the time Miami Real Estate was increasing every day, days on the market for homes drop from 45 days to 20 days. Financing and mortgage programs were many and the demand over exceeded the supply. Do you know of any investing strategies that were outdated in the past and are coming back to life?

These investing strategies worked on some states more than others but the fundamentals were there. Lets take a closer look at these investing Strategies.

A lease option is when a lease or tenants goes under contract to have the option to buy the property typically in a year from the day of the lease. Because of the increase of real estate prices homeowners didn’t consider this option because they could sell it without it. Now that the real estate market its declining you can consider this investing technique.

  • 2. Seller financing

It wasn’t difficult to get a mortgage loan 3 years ago. Banks are stricter and more conservative having seller financing could be a modern trend. Developers are turning to this option to increasing cash flow rather than having empty units.

Most of the  loans that are being  generated in today’s market are FHA or if not conventional. Hard equity loans are going to be a big part of the mortgage business in the upcoming years. They typical lend on value and require a large down payment to lower the risk of the lender.

Change is coming and change is here. A colleague of mine always said just because it’s a down market it doesn’t mean there isn’t a market. IF you are looking into buying your first home or are considering buying real estate in this down-market consider these investing strategies. Remember we are in a buyers market, buyers are making the rules and leading the way.

 If you would like to know more about these investing strategies please contact us.

Ready to buy a Miami Home? Contact Global Market Realty today. Search the MLS for foreclosures in Miami  .  Do you want more information on a second home or a vacation home please contact us.at 306 726-6229                                                                                                                

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami  is a great place to live and is served by the Dade county School District.

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Miami Beach Luxury homes might be affected by city decision.

By Maycol Delgado | Published: February 3, 2009

Miami Beach Luxury homes might be affected by city decision.

Do you love Miami Beach so much that every time you go to the beach or walk on ocean Drive you cant help yourself from dreaming on one day owning a Miami Beach Real Estate.  Miami Beach has long been a hot spot for tourist and Miamians to enjoy Miami’s lifestyle. But Miami Beach today is caught on a cross firing of two different point of views. The decision that the city of Miami Beach and commissioners are going to take can affect and will affect Miami Beach Real Estate. Whether you like the controversy or not you should know before you invest in Miami Beach Real Estate.

Short term rentals are in the verge on being banned in Miami Beach.

Miami Beach officials have officially said they don’t want short term rentals in Miami Beach. What is considered short term rentals? A rental less than 6 months and one day. IF this decision takes place this is how Miami Beach Real Estate can be affected.

  • 1. Buying for the sake of Rental Income is less possible.
  • 2. Less Real Estate available for important holidays.
  • 3. Prices for Hotel rooms will go up ( supply and Demand)
  • 4. Less tourist visits.
  • 5. More foreclosure inventory.

Miami Beach residents who favor the decision of banning short term rentals argue this decision will have a positive effect on the city of Miami Beach. They stated that having a banned on short term rentals will minimize the music and the parties on local neighborhoods. This alone with increase the peace and quite of each section in Miami Beach. Can this point be argue? Well of course it can each side has its pros and cons. What do you think? Do you think the city Miami Beach should dictate to homeowners what to do with their Homes to maintain and control city lifestyle? Your opinion matters. Click here to read more.

Ready to buy a Miami Beach Luxury Homes? Contact Global Market Realty today. Search the MLS for foreclosures in Miami Beach .  Do you want more information on a second home or a vacation home please contact us.at 306 726-6229                                                                                                         

Looking for a home in Miami ? You will find everything you want in the Miami area. The city of Miami Beach is a great place to live and is served by the Dade county School District.

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Do you want to sale your Miami Home? Maybe you should try a Real Estate Lottery! Maybe not.

By Maycol Delgado | Published: January 29, 2009

 

Do you want to sale your Miami Home? Maybe you should try a Real Estate Lottery! Maybe not.

Over 15 million homes Nation Wide have been in the Market in 2008. It would be safe to say over 40% of those homes are in foreclosure or close to it. The Long Predicted Real Estate buddle finally burst in late 2007. There’s more inventory now of homes than the past decade. This problem has forced many Realtors, and sellers to think outside the box. Simply putting the home in the MLS is not enough anymore. Real Estate agents have been forced to focus on online marketing, Search Engine Optimization, and other non traditional selling techniques. Two days ago I stumble across an article the ” Nice Price: $100 buys 1 million dollar house” It was about  a Real Estate seller that couldn’t sale his house even if his life depend on it. Until he decide to sale his home thru a Real Estate lottery. He teamed up with a nonprofit organization to run the raffle and was able to sale 24,000 thousand raffle tickets. The Real Estate lottery caught the attention of all media news and major newspapers. It was a brilliant idea and to his credit he was able to sale his home a nontraditional way.

The question is can we sale our Miami homes via Lottery tickets?

After reading this article I quickly began to gather my team of professionals. I knew to have a successful Real Estate lottery in Miami it was going to take the effort of a whole team. It was in that moment I began to seek legal advice just to make sure Florida Law allows it. To my amaze after 45 minutes on the phone with an attorney asking him the same question in different ways ” I was bumped and disappointed the great idea was not allowed here in State Florida it was against F.S 819. What can I say? It was a brilliant idea anyway.

What can we learn?

Selling Real Estate thru a lottery was a great idea it was thinking outside the box technique. I’m sure there’s other undiscovered ways to sale your home. IF you want to sale your home hire a Real Estate company or agent that goes beyond traditional methods. This market is here and is here to stay for at least 4 more years according to the Experts.

We also have untraditional ways to sale not used by other Real Estate agents. In this market it takes a lot more to sale Real Estate than simply using the MLS.  Social media, Blogging, Search engine optimization are the few of the resources we use to give maximum exposure to every listing.

For example:

The following are links to different website we use to promote every one of our listings. If a buyer is looking within that area they will come across our listing first before any other miami home. 

Oodle.com, Olx.com, Backpage.com, Trulia.com, Dothomes.com, Zillow.com,

 Ready to Sale your  Miami Home want us to explore non traditional ways of selling your Miami home? Call us today.  

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