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Reflections on this week's Real Estate closings / market conditions - 08/25/07 10:58 AM
This past week, I had the privilege of working with one of the most skilled and capable real estate attorneys in the business. She delivered one of the smoothest closings that I have ever had, and all parties involved in the transaction were thrilled! To celebrate, we went out to lunch and my team and I were very honored and proud that she also told us that we were the best real estate brokers/salespeople she had ever worked with in her many years of practice. I'm communicating this here not to stroke my ego, but to inform anyone reading this the (1 comments)
The Credit Crisis- A Balancing Process - 08/22/07 09:24 PM
I believe that the housing market is at the beginning of a healthy balancing process, in other words, the capitalist system of supply and demand is in the process of adjusting to economic reality. This week, I took the opportunity to check in with clients that live in the greater Miami area and happen to be high earning (by most upper middle class standards) professionals i.e. doctors, attorneys, accountants, business owners, and high ranking Fortune 500 executives. The commonality is that all say that their living expenses have gone up disproportionately in comparison to their incomes (taxes, windstorm insurance, maintenance fees, (0 comments)
Credit Crunch? A weekly observation - 08/17/07 06:28 PM
What a turbulent week it's been! There is no denying that the credit markets have been in turmoil over the past week- particularly the interest rate for jumbo loans for *well qualified* buyers in the real estate market. The good news is that the Feds have stepped in and lowered interest rates this morning (interbank rates), eventually we WILL see a stabilizing effect on the real estate market. As the financial news outlets are reporting, this is a healthy cleansing process that will eventually lead to a stabilization and (eventual) recovery of the real estate market. My team and I have had an (1 comments)
Selling & Closing- The Credit Squeeze - 08/10/07 11:11 AM
Recently, I have had many clients calling to ask about the latest equities market volatility and apparent panic selling that has occurred on Wall Street over the past few week (largely attributed to the troubled US housing sector). While it is true that the credit standards have tightened over the past six months (especially for non-conforming jumbo loans), it is notable that for *well qualified* buyers interest rates have actually declined recently. Once again, I have found that properties that are priced correctly (2004/2005 closed sales range), ARE selling!!! Notable Miami Beach sales & pending residential contracts by TheKleerTeam for August, 2007: Sunset Harbour (1 comments)
Miami Beach Market Update- August 2007 - 08/10/07 10:33 AM
Miami Beach Update- Summer, 2007 Miami Beach especially continues to draw strong interest from retirees, baby boomers and second-home buyers, pointed out Allan Kleer, PA, leader of the TheKleerTeam based out of Fortune International Realty in Miami Beach. "The wave of speculative investors seeking a quick profit are gone for now, and we have a more need-driven market, with buyers interested in investing in a personal dream and finding a home that has been realistically priced according to closed sales of 2004/2005". Waterfront homes in particular on Palm, Star, Hibiscus, the Venetian and Normandy Islands continue to be highly desired real (0 comments)
Miami General Real Estate Upate- Summer 2007 - 08/10/07 10:26 AM
There are many signs that Miami’s general real estate market continues to thrive despite the sales trend toward a “buyers” market. We have found that properties that are priced right, and have the potential for additional value for their future owners, continue to sell in both the residential and commercial real estate markets.
A few notable examples from the Summer months of 2007:
Hotel Properties Sell for Record-Breaking Prices in Miami Beach Locally based Catalina Hotel & Beach Club has acquired the 190-room Dorset Hotel at 1720 Collins Ave. for $10.5 million which closed in June, 2007. The (0 comments)
With over 12 years of Real Estate sales experience, Allan leads one of the Miami's Top Producing Real Estate teams, having successfully sold and closed over $100 Million in Luxury Residential and Commercial Investment properties. Allan attributes his great success to his extensive international network, an entrepreneurial drive, and a commitment to bringing added value to every real estate transaction. Allan is fluent in English and Spanish, with a working knowledge of French.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.