south florida real estate: Real Estate 12 Days of Christmas
- 12/22/11 03:58 AM
On the first day of Christmas my agent gave to me a lockbox on my front door. On the second day of Christmas my agent gave to me two for-sale signs and a lockbox on my front door. On the third day of Christmas my agent gave to me three web sites, two for-sale signs and a lockbox on my front door. On the fourth day of Christmas my agent gave to me four open houses, three web sites, two for-sale signs and a lockbox on my front door. On the fifth day of Christmas my agent gave to me five … (2 comments)
south florida real estate: Featured Listings: Luxury Venetian Island Homes in Miami Beach
- 12/07/11 05:02 AM
The Venetian Islands are a chain of six man-made islands in Biscayne Bay in Miami Beach. The islands are, from east to west, Belle Isle, Rivo Alto Island, Dilido Island, San Marino Island, San Marco Island, and Biscayne Island. Built during the 1920's, when "island building" was popular, this area is now home to some of the most gorgeous homes in South Florida. 27 E Dilido Drive, Miami Beach, FL Experience all Miami Beach has to offer in this 1936 Mediterranean Revival estate located on 106 feet of waterfront on Biscayne Bay, just moments from South Beach. The marble entry courtyard … (0 comments)
south florida real estate: Which Type of Mortgage Loan is Right?
- 12/06/11 04:29 AM
Knowing which type of mortgage loan is right for you can be tricky. Below is a great explanation of five different types of mortgage loans from Foreclosure Data Bank. Fixed-rate loans: These are some of the most commonly used loans for financing a home purchase. The length of time may vary from 10 years to as long as 50 years. Fixed-rate loans are those whose interest rates remain the same over the period agreed upon in the contract. For example, if you get a 30-year fixed rate mortgage, your interest rate will remain the same for the next 30 years, regardless … (0 comments)
south florida real estate: Join Me for Real Estate Chat
- 11/08/11 09:11 AM
You're invited to Real Estate Chat on Twitter! Join me and other realtors from around the country every Wednesday night at 8 pm ET for lively conversation about all things real estate. The weekly Real Estate Chat is hosted by me (@MattPiciRealty) on Twitter using the hashtag #realestatechat. Who: Real Estate Chat is open to everyone who loves real estate - realtors, developers, homeowners, sellers, investors, designers, etc. What: An hour-long chat on Twitter organized with the hashtag #realestatechat. Real Estate Chat is dedicated to talking real estate, sharing opinions, networking and making new connections. When: Real Estate Chat happens every … (12 comments)
south florida real estate: Real Estate Chat is Tonight!
- 11/02/11 03:59 AM
I am so excited to be hosting Real Estate Chat on Twitter tonight at 8pm EST! Real Estate Chat is open to everyone who loves real estate - realtors, developers, homeowners, sellers, flippers, designers, etc. The hour-long chat will consist of six questions and is dedicated to talking real estate, sharing your opinions, networking and making new connections. Join in the conversation by following me on Twitter (@MattPiciRealty) and searching the hashtag #realestatechat. … (1 comments)
south florida real estate: You're Invited: Real Estate Chat
- 10/28/11 10:20 AM
You're invited to the inaugural Real Estate Chat on Wednesday, November 2nd at 8pm EST. Real Estate Chat will be hosted by me (@MattPiciRealty) on Twitter using the hashtag #realestatechat. Join me and other realtors from around the country every Wednesday night at 8pm EST to be part of Real Estate Chat. Real Estate Chat is open to everyone who loves real estate - realtors, developers, homeowners, sellers, flippers, designers, etc. The hour-long chat will consist of six questions and is dedicated to talking real estate, sharing your opinions, networking and making new connections. Remember to follow me on Twitter (@MattPiciRealty) … (0 comments)
south florida real estate: POLL: What's the preferred condition to buy a property in?
- 10/26/11 06:08 AM
Share your opinion and see if you're on the same page as other realtors by voting in my weekly poll. The question this week is: What's the preferred condition to buy a property in? Do you prefer turnkey or do you not mind rolling up your sleeves for a fixer-upper? Maybe it doesn't matter to you as long as the location and amenities meet your needs? Let me know! Cast your vote here! … (0 comments)
south florida real estate: Resorts World Miami Will Blow Your Mind
- 09/27/11 05:08 AM
When Genting Group's 10 million-square foot Resorts World Miami was announced this month, you could almost hear jaws hit the floor. With its LED-lit exterior, the curvaceous multi-tower project that will sit on the shores of Biscayne Bay will be sure to light up the Miami skyline from miles away. This urban and resort destination is designed by Miami architecture firm Arquitectonica. The project design was inspired by the nature of South Florida and is reminiscent of a coral reef. Resorts World Miami will feature 5,200 hotel rooms and 1,000 luxury residential condo units. The first eight floors will house 250,000 … (1 comments)
south florida real estate: Will Future Foreclosures Spoil South Florida's Newest Boom?
- 09/23/11 06:07 AM
The South Florida real estate market is booming. Four Florida markets experienced increases of at least 10% in the last year and Miami is up 24% from last August. These numbers are even more impressive when compared to the national average increase of 0.46%. What has caused this increase? Real Estate Economy Watch attributes it to the depths to which the Florida real estate markets fell. The sudden decrease in foreclosure actions also played a part, especially in areas like Miami Beach and Fort Lauderdale. A recent article from The Real Deal points out that it is very likely there are … (2 comments)
south florida real estate: It's a Good Time to be a Seller in South Florida
- 08/25/11 09:02 AM
The number of homes and condos in South Florida continue to dwindle - a great sign for the housing market but disappointing for hopeful buyers. In Palm Beach County, home listings were down 23% in July compared to the year before and Broward County saw a 36% decline. With all-cash investors driving home sales, sellers have the ball in their court for the first time in years. For buyers looking to move into sunny South Florida, there is hope. Analysts expect more properties to be for sale in the near future as banks try to unload foreclosed homes. Buyers don't fret, … (0 comments)
south florida real estate: Coral Gables Real Estate Explodes
- 08/18/11 05:52 AM
Coral Gables real estate is rebounding with at least seven new luxury apartment and office buildings being developed around the downtown core. Many projects proposed during the housing boom in the last decade were put on hold when the economy slowed and the fact that construction is beginning in Coral Gables is a sign that a rebound has begun. Developers and lenders have invested a quarter-billion dollars in financing toward these projects that are either under construction or scheduled to break ground soon. Over the next three years, more than two million square feet of new space will occupy locations around … (0 comments)
south florida real estate: Foreign Buyers Take Advantage of Miami Foreclosures
- 08/16/11 05:23 AM
With home sales in Miami-Dade County outpacing the rest of the US, it's hard to believe that one of every five households with mortgages here is in foreclosure. Investors and foreign buyers are swooping in to take advantage of the oversupply of cheap, distressed homes. Home sales in the metropolitan Miami area rose 16% during the first half of the year of 2011 when compared to 2010, which is the best spring the city has seen in four years. According to the NY Times, prices are staying steady, with some prices even rising for high-end homes. During the first half of … (0 comments)
south florida real estate: Trump Hollywood Condos Sell $90 Million in 6 Months
- 07/27/11 08:20 AM
The luxury Trump Hollywood condos are selling like hot cakes! Last fall Jorge Perez turned the oceanfront 41-story building over to the lender and that's when Miami-based BH3 paid $160 million for the mortgage. Since the January re-launch of the development, 64 condos have been sold or signed for. With prices ranging from more than $700,000 to over $6 million, BH3 hit the $90 million sales mark with 36 closed units. Who are these buyers? Most are coming from Canada or South America. Trump Hollywood sets the standard for residential real estate properties in South Florida. Ranging from 2,461 sq. ft. … (3 comments)
south florida real estate: Brazilians Getting a Great Deal on Miami Condos
- 06/24/11 05:56 AM
It's not uncommon to hear stories of foreigners coming to South Florida and getting a great deal on a second home or investment property. In Miami, Brazilians purchased 9% of homes and apartments sold to international buyers in the 12 months ending March 2010. Since then, there has been a big increase in home sales to Brazilians. Since January, almost half of all downtown Miami condos selling for over $500,000 went to Brazilians. Buyers from Brazil also accounted for about half of the $1 million plus sales in Miami Beach. With the fastest growing economy over the last two decades, Brazil … (1 comments)
south florida real estate: It's a Sellers Market in Miami-Dade & Broward Counties
- 06/09/11 04:38 AM
There is good news for real estate sellers in South Florida. There are nine cities in Miami-Dade and Broward counties where the average home sold for more than the asking price, meaning that the current buyer's market will soon be no more. Not only have the prices for homes been rising, some buyers are being outbid, even after offering more than the asking price. Buyers who are still hoping to get a good deal should check out the Venetia condos in Miami. The Venetia is conveniently located in the middle of it all, just minutes from both downtown Miami and South … (1 comments)
south florida real estate: Mexican Investors Keep Their Money Safe in South Florida
- 06/06/11 04:10 AM
A number of new companies offering services to Mexican business owners and investors have been popping up in US cities. Mexican investors are seeking safe places to invest their money outside of their violent country. The young Mexican executives at East Coast Opportunity (ECO) have set up their offices in Miami's Brickell financial district to draw investors from their country and other parts of Latin America. ECO uses the money from their foreign investors to buy distressed properties, which are then refurbished, sold or rented out. History has shown that Mexican investors focus primarily on US border cities such as Houston … (0 comments)
south florida real estate: Fort Lauderdale Real Estate Makes History
- 06/01/11 03:35 AM
A few years ago you would have heard moans and groans from Fort Lauderdale real estate developers. The slow-growth approach Fort Lauderdale city leaders took during the housing boom was anything but ideal for those wanting to build. Now, their tone has changed. While other cities, such as Miami, were approving condo construction left and right, Fort Lauderdale was moving more slowly. That strategy has led to a current stable condo market in downtown Fort Lauderdale and near the beach. According to the Sun Sentinel, only 84 of the almost 5,000 condo units built or converted during the housing boom remain … (1 comments)
south florida real estate: One Bal Harbour Gives Hope to South Florida Condos
- 05/25/11 08:00 AM
An "old school" approach to marketing has resulted in more than a dozen sales contracts at the luxurious One Bal Harbour condo building. A brokers showcase, upscale event and vodka tasting resulted in more than a dozen contracts for the stunning residences. Most recently buyers at One Bal Harbour have come from across South Florida, New York and South America. Selling prices on the units range from the mid-$300,000s to $1.7 million for a two-bedroom grand suite. One Bal Harbour is home to 124 ocean-view condo-hotel residences but only 27 units remain to be sold. This large volume of sales gives … (0 comments)
south florida real estate: Better to Buy Than Rent in South Florida?
- 05/10/11 07:27 AM
Currently South Florida is leading the nation in renters spending more than half of their incomes on housing. According to a study from Harvard University, about 34% of households in Pam Beach, Broward and Miami-Dade counties spend more then half of their gross income on rent and utilities. A decade ago South Florida was also topping the list, but at 26%. A researcher at Harvard points out that the incomes for South Florida renters aren't high enough to support the area's rental rates. Other major cities like Boston and New York have higher incomes so renters can more easily afford the … (0 comments)
south florida real estate: Contrary to Popular Belief - Venezuelans Dominate South Florida Real Estate
- 05/02/11 08:20 AM
It's no secret that foreign investors are dominating the South Florida real estate market. Brazilians are getting the most attention, buying high-end condos in South Beach and downtown Miami, but new data shows that this is a false perception. According to the Miami Association of Realtors, Venezuelan buyers make up a greater share of the foreign real estate market than those in any other country. A survey of South Florida realtors in 2010 showed that 28% of their clients came from Venezuela. Why are Venezuelans choosing to buy in Miami? The Venezuelan currency has been devalued in the past year and … (0 comments)
On the first day of Christmas my agent gave to me a lockbox on my front door.
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