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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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.

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.

• 1. Lease to option contracts

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.

• 3. Hard Equity loans

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.

Miami Beach Luxury homes

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.

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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It is no secret Miami Beach Foreclosures are dominating the Miami Beach luxury Condo market. It is also no secret that Foreclosures are dominating the Miami Real Estate Market. In fact it is safe to say Foreclosures are dominating the Real Estate Market Nation Wide. To some Predicting the Real Estate Market Next big move its like Predicting a declining stock in Wall Street. But you don’t need to be Nostradamus or a fortune teller to know a WOW deal when you see one.

One week ago I was preparing a list of the Top 10 deals of Miami in this list I was gathering the most important information that leads to a WOW deal. Days on Market, Closed Comparables, Inventory statistics and most importantly condition. I also used my resources like my weekly Market Reports that depicts Market Action index, market trends and most important real estate patterns. By collecting the data it help me separate the good deals from the WOW ones.

No I didn’t use the stars or a crystal ball to predict the sale it was Real Time Data and market knowledge.

 The Condo is located in 2000 Bay Dr unit 203 in Miami Beach. The Miami Beach Luxury Condo features 1,346 of living area and contains two bedrooms and two bathrooms overlooking the Beautiful Ocean. The Granite countertops and wood cabinetry gives a splendid feel of luxury. This Miami Beach Condo is unique in design with a great curb appeal and Modern day architecture design at its finest. The building was part of the Miami Beach luxury Condo Boom it was built in late 2005. The condition is great considering that most Miami Beach foreclosures are destroyed by former angry owners or tenants. It won’t take to much money to do any repairs after closing.

What makes this unit a “WOW” deal

• 1. Priced 100k less than the competitive inventory.
• 2. Days on Market ( 64 Days)
• 3. Last two closed sale 412,000 & 212,000
• 4. Under the median list price.
• 5. 80k price reduction.

I’m uncertain about future Great Deals but I insurer you I will continue analyzing and depicting the good deals from the “WOW” ones. The data can also help you and guide you to make your next buying decision and more informed one. Click here to read a current Report.

Now more than ever buyers are depending on statistics and Real Time data to come to a decision.

Ready to buy a Miami Beach Luxury Condo? Contact Global Market Realty today. We have several Miami Beach Condos for sale in , 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  305 364 0037                                                                                                  

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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Have you been thinking of buying a Home? But naysayers and skepticism have controlled your thoughts of the Current Real Estate Market. Are you afraid of buying a home today and going into foreclosure 3 years from now? Is the Media affecting your buying decision? These questions are common concerns of potential buyers in this market. After questions and answers I end with one of my favorite quotes in business. It was said by Warren Buffet an investor in Wall Street that has dedicated his career acquiring business such as American Express, Coca Cola and many others.

He said “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful”.

Warren Buffet.

It simply states do the opposite of what the majority are doing. In the time when the market was escalating it was the time to sale, in today’s market it’s the time to buy. We are seeing more investors and foreigners buying Miami Real Estate like never seen before. Read this article on a Bulk Purchase. 

• 1. Historic Graph

Due to the market the Federal Reserve Bank have maintain interest rates low to encourage consumers to borrow. We are seeing interest declining hand in hand with home prices. This graph shows the historical Interest Rate for the past Decades. It is a clear indicator stating that interest rates are at its all time low’s.

• 2. Home values Declining

As you can see the inventory has increased and the median price has decrease. It is a simple law of Supply and Demand.  IF you are a potential home buyer consider signing up for our weekly market reports. We strongly believe the more knowledgeable the buyer is the more confident he will become.

• 3. What’s the top and what’s the bottom.

In buying and selling stocks many traders determine their buying and selling position on Market trends. They use two types of graphs or techniques to purchase or sale a stock. It’s called fundamental analysis and technical analysis. These two separate tools can help a trader understand the history, present and future movement of the stock of any giving company. Real estate is not as volatile as stocks are but we can apply the same concept. As fundamental analysis we can use local Employment rates and job growth. For technical analysis we can use history home prices with current ones. To receive a copy to these two techniques click here. This report will provide you an optimistic look at the current real estate market regardless of what the media reports.

We are not in a state of caous but in a state of opportunity. Take advantage and sign up for our Market Reports. Take advantage of all of our resources to become a more knowledgeable buyer.

Ready to buy a Miami foreclosure Home? Contact Global Market Realty today. We have several Miami Foreclosures  for sale in , Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at                 305 364 0037                                                                                           

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 Foreclosures attracting High School Students!!

Miami Foreclosures have attracted media coverage, foreigner investors and now Teenagers. You have seen the media cover the Miami Real Estate market since the downturn began. The Foreig investors are moving towards the Miami Real Estate market as we speak. The teenagers or students invading a Foreclosure home is something you don’t know about. This happened to me Yesterday while I was doing a routine inspection of one of my Foreclosures. It happened like this.

As I’m getting ready to exit my car I reach out for my camera to take pictures of one of my Foreclosures. It is the primarily reason why I went. As I’m exiting the car I glance at the big window this foreclosure home has. The window is a 5 ft by 8ft window right next to the entry door. The window allows you to look thru the living room, beyond the kitchen and thru the french doors towards the pool. As I look thru the window I notice a human shadow as if someone was hiding. I quickly began to assess the situation and began to think of who was there and why. As I’m thinking I begin to walk and decide to go around the house as I get closer to the back area of the home just I suspected there was someone there. As he saw me he look freighted he looked as if he saw a ghost, turning pale white I thought maybe to ease the pressure I said relax I am not a police officer I’m just here to take pictures. As I continue walking and now entering the home I notice 3 more Students there was 3 girls and two boys.  The students belong to a near high school and where cutting class. Since they weren’t using drugs or vandalizing the home I decided to leave them alone and take the pictures and leave. I quickly took the interior pictures and lefted the home. As I’m driving back to my office my good voice speaks some call it their consciences. It said maybe I should’ve notified the school. What if something happens to them while cutting school. Don’t their parents deserve to know where the kids are? My other voice said they look like good kids meaning no harm leave them alone you were young once. As the two voices in my head began to speak to each other they both had strong points. As I’m writing this I am not sure if I did the right thing or not. But i went back to the office to continue my daily tasks.

We know that Foreclosures have changed many things in our lives. Vacant homes and foreclosure are not just an epic center for vadalism, shelter for the homeless but also a place where teenagers go to cut class. This is more reason why you should be more envolved in your community. You never know it might have been your son or daughter who i caught cutting class. Help Real Estate agents secure and monitor the home in your neighborhood. This is a growing problem and it takes a community of dedicated and caring homeowners to help ease the foreclosure problem.

Ready to buy a Miami foreclosure Home? Contact Global Market Realty today. We have several Miami Foreclosures  for sale in , Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at   305 364 0037                                                                                    

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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View Sample Report

If you are a buyer in today’s Real Estate market you will notice Short sales and foreclosures homes are dominating the Real estate market. 1 out of 15 homes are either foreclosures or short sales. Short sales have changed the way we present and sale homes today. In a traditional Real estate Sale Home owners would hire a Real Estate agent to sale their home. The agent would enter into fiduciary relationship acting in his best interest.

In today’s Real Estate market this still holds true but now a real estate agent and homeowner must receive the final approval from the lender.. The bank can either say nay or yea. In most cases when short sales take form and serious negotiations take place most loss mitigators often ask critical questions such as.

• 1. Is this the highest and best offer
• 2. How long has the home been In the market
• 3. Can you cut commissions and expenses

Most banks one way or another want the answers to these questions.  Remember we are representing the seller not the bank.

  My answers would be….

1. Yes this is the highest and only offer that I will present to you any more offers that I receive it will not be presented because it means more work.

2. The home has been in the market long enough to have just one single offer.

3. Can I cut commissions of course I can in fact do not pay my commission up front. What we can do is you can give me a promissory note to pay all commission with interest at a rate of 20% for a term of 12 months.

Short sales take time and demand a lot of patience. Many times the answers to these questions can be the outcome between closing or not.  

If you are a investor or a first time Ii homebuyer be advice that short sales can take at least 45 days. And more often than not it demands an experience Real Estate agent with good negotiating skills. Oh by the way most loss mitigators laugh after my commission proposal hey at least I get them to laugh before real negotiations take place. Humor is a great way to break the ice.

Ready to buy a Miami foreclosure Home? Contact Global Market Realty today. We have several Miami Foreclosures  for sale in , Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at                                           305 364 0037                                                                             

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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The End of Miami’s Condo Boom..

It was early 2005 when I began hearing a big buzz about another development in Miami.  The new building was to be called Altos de Miami. This building was projected to help transform little Havana. Its architecture and building amenities was nothing like it in the area. The building offered state of the art amenities pool, club house, gym and a lobby that represent lifestyle and luxury. In early 2007 the building quickly began to gain popularity and units began to sale.  But as they say time is of the essence and timing is the next best thing. The building was completed at the end of the peak of the condo boom. Many investors and repeat buyers had already bought at other developments that were finished before Altos de Miami. The Condo market slowly began to shift as the condo market was saturated with inventory.  The end of the overpriced real estate market was near. Foreclosures slowly began to rise and the subprime loans weren’t selling in the secondary market. The dawn of a new real estate market began to unfold. Little did we know that the new real estate market was going to affect the whole world.  The collapse of the mortgage industry lead to many of our major lenders downfall and wrote American history once again. The future of the condo market is different than what the developers of Altos de Miami expected to be.

An Article on Altos De Miami.

“A foreclosure sale has been scheduled for Feb. 13 to auction off 56 units in the Altos de Miami condominium in Miami’s Little Havana neighborhood.

New York-based Lehman Brothers Holdings was awarded $12.5 million and Glen Royal Parkway Acquisition – which acquired a mortgage from New York-based iStar FM Loans – was awarded $6.5 million in the Nov. 13 judgment in Miami-Dade County Circuit Court.”

We know today not only were investors and first time home buyers affected but major developers and development as well.

Ready to buy a Miami foreclosure Home? Contact Global Market Realty today. We have several Miami Foreclosures  for sale in , Search the MLS for foreclosures in Miami .  Do you want more information on a second home or a vacation home please contact us at 305 364 0037                                                                      

Want to look for great condo foreclosures sign up to be a VIP.

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