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story : Asset protection and real estate investments

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

The first 10 years of my real estate investing I ran my business as a sole proprietor because I really didn't know any better. Luckily, I survived with only minimal damages, but there comes a point when it is time to assess the best legal structure to use for real estate investing.

If you ask 10 experts you are likely to get 10 different opinions. With that in mind, I'll share my opinion and experience. Remember: free advice is always worth what you pay for it.

If you are a beginning investor, it's probably best to not worry about asset protection until you actually have a few assets to protect. Why spend time and money setting up a business entity and creating tax reporting requirements unless you need to? It's like buying full coverage auto insurance on a beat--up Gremlin...what's the point?

Once you have assets and something to protect, then it's time to set up your business structure. Question # 1: what is your net worth? Question # 2: do you have assets that are at risk? If the answer to either of those questions is, "Yes," then you need to take the next step.

Assuming you want to set up an entity for wholesaling properties, the most popular are an LLC (Limited Liability Corporation) or a C Corporation. There is much debate about which one is better, but I prefer the C Corporation because the first ,000 is taxed at 15% and you can have a kick-butt employee welfare plan to write off many expenses. With an LLC, the income is passed through. If you start making money, you'll wish you could pay only 15% on some of it! Trust me on this one.

Why is the tax issue such a big deal?

Here's a simplified example. If you make 0K personally you are taxed on the full amount (35%) and have ,000 left. Anything you buy for yourself comes from after-tax dollars. However, with a C Corporation if you could make the same 0K on paper, but have K in allowable expenses that you can write off. So you get taxed on that K at 15% and only have to pay ,500 in taxes compared to ,000 on your personal income.

What type of expenses can you write off in a C Corporation? It depends on how your Company is structured (see your accountant/attorney for details), but you can often write off basic expenses of things like a bed or even a swimming pool. You're thinking, "No way!" Let me explain how it's done. If you have an employee welfare plan that covers your medical expenses and your doctor gives you a prescription for aqua therapy, it's possible to write off the cost of the swimming pool. Yes, it's crazy, but I don't make the laws. Another more common example is a prescription for a new bed if you have a bad back. I have a "Sleep Number" bed myself, just like Paul Harvey J.

A very wealthy man once told me "It's very hard for a C Corporation to make any money!" What he was trying to illustrate was that C Corporations can expense pretty much everything and look like there is little or no profit. You still can buy the same stuff, but you are taxed less if you structure things correctly.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : All you Should Know Before Buying Commercial Real Estate.

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Posted in: #miamiLuxuryHomesBlog

All you Should Know Before Buying Commercial Real Estate.

Buying or renting, such is the question many business people ask themselves around the 1st of the month, when comes the time to write their rent's check.

With the interests rates being what they are and prices being affected by the commercial paper crisis, the answer might very well be yes if the right property becomes available and you can afford a relatively important cash down.

Owning commercial real estate does have it's advantages.
Choices: as the owner, you can decide whether to select a building that matches your current needs, has enough room for future expansion or maybe is large enough for you to lease parts of it.

Equity: every month, your payments are applied to paying down your mortgage and building some equity which could be useful eventually to secure a loan for new equipment, to finance an acquisition or simply as an asset.

Appreciation: not withstanding any unforeseen occurrences, your building should appreciate with time. This appreciation could, just as the above mentioned equity, be used to get better financing conditions.

Power: as the landlord, you are the person in charge of deciding how to finance the building, picking the tenants, choosing the decorations, selecting entrepreneurs for the work to be done, improving the building. You even have control over your rent's rate.


If it's so great, why doesn't everyone do it?

The main reason why not everyone owns the commercial space they're using is that, in real life, thing don't necessarily go exactly as in late night's infomercials…

You can buy commercial real estate with no money down, especially if it's because your money is bringing you more in another (safe) investment.

On the other hand, if it's because your cash flow doesn't allow you any flexibility and that you don't have anything aside should things go a little unexpectedly, then you may want to seriously consider all the ramifications of the deal you are considering.


Your business' cash flow's growth stage.

Is your business bringing you comfortable and predictable income which you are looking to invest or would spending an important part of your income hinder any growth possibility for the near future ?

Will you be able to afford any substantial and sometimes unexpected expense should you have to do unexpected maintenance on your building?

Usually, a commercial property will require a 15 cash down which, in some cases, can end up being a lot of money.

Don't forget you also have to factor in the price of insurances, taxes and legal fees. Due to the importance of the figures involved in most commercial real estate transactions, I recommend you surround yourself with adequate representation meaning: a real estate agent with experience and a positive track record as well as financial and legal advisers.


Examining the tax perspective.

Since I'm not a CPA and that all situations are unique, I strongly suggest you meet with a competent financial advisor who will help you evaluate your particular situation.

For now, keep in mind that in most situations, you will be able to use some of your expenses as depreciations to reduce your taxes or some of the rent as a personal income.


You make your money when you buy, not when you sell.

One last but extremely important factor to consider before making your decision is that you make your money when you buy but realize it when you sell.

Paying more than the fair market value, not taking into consideration your cash flow factors (mortgage, interest rates, insurance, taxes and repairs VS incoming rent, other income possibilities such as parking for example) or letting your feelings dictate a purchasing decision may negatively affect your exit strategy for year if you are not careful.

Though appreciation is quite probable, we suggest you don't factor it in when crunching your numbers: if the deal is still a good deal without factoring in appreciation, you are likely to make a favorable ROI (return on investment) when you decide it's time to go for your exit strategy.

If you absolutely need appreciation to justify your purchase, be extremely careful as no one really knows what will happen in the future and, in the present, you may be paying too much.

Discuss the situation with a real estate agent know for his or her integrity such as Anne-Marie Perno from Laurentides-St-Jerome-Tremblant-Immobilier.com


What you should remember.

So we looked briefly at the different aspects of buying a commercial property. Remember the advantages of being a landlord are:
? Choices
? Equity
? Appreciation
? Power

? Make sure you carefully evaluate your future cash flow.
? Purchasing the property won't hinder your growth strategy.
? You can afford unexpected and sometimes quite expensive repairs should they be needed.
? You can afford the cash down.

? Get advice from a professional financial advisor about your tax situation.
? Get advice from a professional law adviser.
? Get advice from a professional real estate adviser.
? Avoid free advice as it often end up being the most expensive kind.

? Evaluate the building's cash flow.
? Make sure the purchase makes sense even without appreciation.
? Find a reputable real estate specialist.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : How to find a good real estate agent

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Posted in: #miamiLuxuryHomesBlog

The ideal agent is not always the one with the most sales under his or her belt, or the most years on the job. The ideal agent is one who listens to you, is easy to get along with, and has the tools and skills to address your unique situation.

Every home buyer is different. Some have credit issues. Some are buying from out of state. Some need help selling their current home in addition to buying a new one. Just as buyers have different needs, real estate agents have different skills and specialties.

Here's how to find the agent who's right for you:

1. Ask friends and family for agent referrals.
Nobody knows you as well as your friends and family do. So they're often in the best position to recommend an agent who is well-suited for your needs. You can also trust a referral from friends or family more than one that comes from a stranger.

2. Talk to multiple agents.
I once saw a statistic that 84% of home buyers choose the first real estate agent they contact. This means one of two things. Either most people are choosing wisely the first time, or they're just rushing into things without shopping around. Probably a little of both.

You don't have to exhaust yourself interviewing agent after agent, but at least talk with two or three to see who you're most comfortable with (which leads to the next point).

3. Consider the vibe factor.
Professional expertise is an important criterion when choosing a real estate agent. But interpersonal skills are equally important. After all, you'll be working with this person anywhere from 2 to 12 months, so it helps to get along with them. We all have unique personalities, and that's the way it should be. But when working with someone professionally, if helps if their personality "meshes" well with your own.

4. Ask how they hunt.
When deciding on a real estate agent, ask how they search for homes. Some agents have their own preferred listings that they favor. But you want what's best for you, not what's best for your agent. You're paying them, right? So make sure the agent is willing to search high and low to find the best home for you. That includes using the Multiple Listing Service (MLS) as well as their own personal network.

5. Read paperwork carefully.
This advice is heavily used for a reason. It's critical that you examine all documents during the home buying process, and that includes your agent agreement. At some point during the relationship, your agent will probably ask you to sign an agent agreement. Basically, it just means that if the agent shows you a particular property, your purchase of the property should be credited to that agent. In most cases it's a simple, just be sure to read it carefully and ask questionss.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Buying real estate online

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

The real estate market is one of the most complex markets in the entire world due to the fact that it is in a continuous change, thus making it a very dynamic market. The internet has a lot to offer consumers regarding real estate and as a result it is a great place to start shopping. Some of these advantages are:

- It is inexpensive, if not free to list your home in an online property listing service.

- It is a quick and easy method to advertise your property that is for sale/lease or if you would like to buy a property.

- The buyer and seller have direct access to information about the property in question. This makes other forms of communication between the buyer and the seller obsolete. The internet is easy in comparison to the old-fashioned method of answering dozens phones calls or setting up numerous meetings.

- Many websites that deal with real estate allow you to include up to 5 photos of your property. This is a lot more in comparison to a regular newspaper and you have complete control over the photos’ quality. In addition you can highlight specific features about your property with the potential buyers. This can be very helpful if you are working to attract buyers from outside your local geographic area whom potentially need more explanation of certain elements.

- Once listed, your home is available until you will sell the property. This is a big advantage if you consider that for a newspaper ad you will systematically have to pay a fee week after week.

- These online real estate listing services have a nation-wide audience which will make your ad visible to the entire country;

- Searching for the right house is very easy as these websites have filters which will allow you to only see the houses that meet your specific requirements. Therefore you can spend time looking only out houses that meet your needs without having to waste time looking at houses you aren’t interested in.

Using the Internet for real estate will make you your own real estate agent without having to pay a great sum of money to an agent and also you will have full-control of the entire activity. Whether you are a home buyer or seller, it is very easy to search for the perfect house as the online offers are endless. Or, if you would like to sell a piece of real estate, there is no safer and quicker way to do it.

Online real estate has become popular and is consuming are looking to the internet more each day as an easy place to get good information. As a matter of fact, more than 5 million people use the internet for real estate issues every month. With numbers like this it is easy to see how the internet can improve your chances for selling or buying a home.

Another major advantage of real estate moving to the internet is that you won’t need a real estate agent to start your search. This is very important because we all know that real estate agents are of value but sometimes you just want to look.

All in all, there is no better, safer and easier way to search for a home or to sell one than online as the internet has a lot to offer in the real estate market and it is rapidly developing, gaining more and more consumers everyday and thus improving your chances for a profitable buy/sell.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Ways to succeed in a real estate business

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

With a relatively increase of the everyday commodities, more and more people are finding ways how to earn additional sources of income so as to compensate their expenses. That's why most people who look for alternative ventures resort to real estate business.

However, even if real estate business appears to be lucrative to many, it still needs a lot of effort and skills to survive in the industry. So, for those who want to succeed in real estates business, here are some tips to ponder:

1. Set practical and sensible objectives.

Just like any venture, the key to a successful real estate business lies beneath a sound and sensible target. This will serve as the guiding principle of those who wish to make it to the top. Through these objectives, people who are involved in real estates business can focus more on areas that need concern like the market, clients, and strategies that will make their business profitable.

2. Choose the right real estate strategy.

The key to a successful real estate business is to come up with a certain strategy that will supplement the objectives stated on the entrepreneurs’ business plan. This strategy will also provide the right moves to take based on the kind of profit the real estate entrepreneur wants to achieve like an express cash or wealth establishment.

3. Entrepreneurs should acquire the characteristics of an ideal real estate agent.

In order to succeed, people involved in this kind of business should acquire the characteristics of an ideal real estate agent. He or she should be adept in finding the motivated seller, determine the value of properties, and knows how to negotiate with their clients.

4. It's a must to know the laws.

Part of being successful in real estate business is to know the existing laws of the state such as tax laws. Such that, if a real estate businessman does not know the laws, he or she may end up losing a lot money or worst end up in jail.

5. It is important to hire a reliable accountant.

This is extremely important to almost any type of business. This is, in reality, significant in order to succeed in real estate business because the transactions involves money, and one of the person who is skilled to analyze and interpret monetary information is a certified accountant. Through the help of an accountant, people behind the real estate business will be able to track the ebb and flow of the market.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : How to invest in a cooling off real estate market

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

With the housing market cooling and demand for mortgage loans shrinking, banks and other lenders are turning to nontraditional and sometimes riskier mortgages to bring in additional business and make up their dropped off business.

Many lenders have turned to mortgage products designed to lower monthly loan payments and to help borrowers qualify more readily for larger loan amounts, while others require little in the way of documentation during the approval process. These loans do make it easier for some people to get mortgages, but they also can raise the possibility that some borrowers may end up in foreclosure. For the real estate investor or home buyer these market conditions represent a window of opportunity

As housing monetary value appreciation rates slow, more mortgages going into default. Foreclosure notices has edged up in recent months, providing yet Another sign of a cool down in the real estate market across the U.S. For example in San Diego County, CA. Banks and other lenders sent 1,266 letters of default to borrowers in the third quarter, a notice that gives homeowners 90 days to become current on payments before moving towards a foreclosure auction.

At the height of the real estate boom, the double-digit rises in home equity meant customers could pull out monies from the increased home equity to bask a life style that they could really not afford. Flush with the ability to tap into home equity loans, homeowners have pulled out cash to purchase new cars, furniture, vacations and other luxuries. Another boost to their life styles was rendered when homeowners refinanced using adjustable-rate mortgage loans that cut their monthly payments.

But now the conditions are changing, in many areas of the country real estate price levels are flattening out and even not rising in some real estate markets. With little or no increase in home equity, or even vanishing equity, homeowners could find themselves in a tight spot.

Additional forces are also having an impact on the housing market: New federal laws regarding credit card payments have passed to an increase in the minimum payment mandatory on credit card debt. For many people that payment will now be twice what it has been in the past. And, as energy prices and health care costs continue to march upwards to new all-time highs. Growing numbers of people are in financial situations where moines spent are exceeding monies earned.

For the first-time real estate investor or seasoned veteran, the current market conditions are a window of opportunity for those shopping to buy real estate property just before foreclosure. A growing number of homeowners have withdrawen all their equity (sometimes as much as 110% of their home's value.) and now house values have turned down and they are upside down -where they owe more than they can sell the house for. Trapped in a situation where they can't pay their debts and they can't find a buyer for their home, real estate investors who understand the default process can offer a solution that offers the homeowner in default a way to escape from their mortgage payments and for the investor a way to secure a property in the process.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Why is Florida amongst the top real estate investment destinations

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Posted in: #miamiLuxuryHomesBlog

Florida had three cities among the 10 fastest growing in the nation: Port St. Lucie (third), Cape Coral (fifth) and Miramar (eighth).

For buyers wanting a waterfront lifestyle, Cape Coral real estate offers miles of canals to the Gulf of Mexico, and is in great demand.

Bordered on the east by the Caloosahatchee River and on the west by the Gulf of Mexico, Cape Coral Florida real estate provides thousands of waterfront property opportunities with access to the Gulf.

Founded in 1970, Cape Coral Florida’s year round temperature averages 76 degrees. Cape Coral can very well be known as the "new Naples".

The second largest city in the state spanning 115 square miles, Cape Coral has been coined the “Venice of the West” as it hosts 400 miles of canals.

Real estate buyers can take advantage of the unique Cape Coral Florida real estate opportunity by locking in at yesterday's prices. Says one local Realtor, “Instead of saying, 'I can't afford it,' why not ask yourself 'How can I afford it?'"

Cape Coral Florida real estate provides abundant lifestyle opportunities to raise a family, start a business, or get a job with one of the new companies that have also recently relocated to the area.

Cape Coral Florida is also a wonderful place to retire with some of the best golfing and boating to be found anywhere.

Considering all that Cape Coral has to offer, it's no surprise that the Cape Coral real estate market is healthy.

Whether it is the boating, fishing, golfing, restaurants, or great weather Cape Coral Florida real estate offers, this beautiful city does not seem to disappoint.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : 10 ways to buy real estate when on a budget

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

1. Get pre-approved for your home loan. This means, fill out a loan application and go through the process of securing financing. That way, when you’re ready to seriously evaluate real estate, you’ll know exactly how much home you can afford. And you can prove to a seller that your offer is sincere.

2. Explore creative financing options. During the home loan pre-approval process, ask about ways to get creative with your financing. Low down payment options, first and second mortgage combinations and first time buyer programs might help you afford more funding. Many lenders are now offering interest-only home mortgages; just make sure you thoroughly evaluate the terms for this type of home loan. Down payment grants are also available in some instances and might be worth investigating or discussing with your realtor.

3. Sell your existing home first. Although selling your existing home before finding new real estate to buy can be a little nerve wracking, any inconvenience will be offset by your ability to make an offer with cash in hand. Contingent purchases are not the best when negotiating to buy a home. Having your financing in order and your bags packed will give you the advantage in a competitive market.

4. Look for vacant real estate. Perhaps a seller’s job has transferred him out of the area. Or maybe a family purchased a new home before putting their existing one on the market. In any case, a vacant home could be just the deal for a savvy home buyer, so have your realtor look for vacant property in your preferred neighborhoods. And keep in mind, the longer a house stays empty, the greater your negotiating power will be.

5. Consider cosmetic fixers. If you’re handy with a paintbrush, a toolset and gardening equipment, consider buying real estate in need of cosmetic fixing. Property that lacks curb appeal needs minor handiwork or the yard overhauled could end up being the home of your dreams for a price you can afford. You just need to look beyond the ho-hum to see the potential of a cosmetic fixer.

6. Buy a home that’s a major remodel project. If you want to live on Lake Washington, but can’t afford a M home mortgage, consider buying a dilapidated cottage on a fabulous lot with western exposure. In time you’ll need to gut the existing home and build from the ground up or contract significant home improvements. But in the end your property value will skyrocket. And if your carpentry and other construction skills are well-developed, you can save even more and accrue “sweat equity” during your remodel by doing much of the work yourself.

7. Don’t discount bank foreclosures. One person’s loss could be your gain if you buy real estate in foreclosure. Although the search for a decent foreclosure may take a while, your realtor should be able help. The U.S. Department of Housing and Urban Development can be an excellent resource for foreclosed properties. Because HUD houses are sold at market value, your best bet will be homes that need cosmetic work or even major repair.

8. Land with a manufactured home. Sometimes, to buy a home on a budget, you need to look beyond convention. Even if your wish is to buy real estate, you may have to settle for a piece of property in an outlying area with a mobile or manufactured home. Discuss this option with your real estate agent and try to keep an open mind about this possibility.

9. An older, smaller home. Older homes are typically priced much less than newer construction and don’t tend to create buyer bidding wars. If you can enjoy life in an older and smaller home in a neighborhood or suburb off the beaten path, this could be your ticket to real estate ownership.

10. The cheapest house in the best neighborhood. You have your heart set on a specific – and expensive – neighborhood. Maybe it’s the schools that you’re interested in. Or perhaps it’s the close proximity to downtown or the waterfront. In any case, a budget-savvy buyer will look for the least expensive home for sale in the neighborhood. If you’re not in a hurry, you can even play the waiting game to see what properties come on the market. Your real estate agent can be a real asset in this case by investigating potential sellers.

Buying real estate without breaking your budget will require research and compromise. On moving day, however, you’ll have the satisfaction of knowing that your homework paid off!


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : 7 ways to select best home loan for you

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

A home loan will be your financial responsibility for years to come, so it can be one of the most important decisions you make. Even tiny changes in an interest rate – changes as small as half a percent – can cost or save you thousands of dollars over the term of your loan. To enjoy an affordable home, follow these seven simple steps:

1) You’d Better Shop Around!
Any market has thousands of mortgage brokers, and each broker has access to hundreds of home loan programs. Whatever your circumstances, there is a home loan out there to suit you. The more mortgage brokers and financing professionals you speak to, the more likely it is that you will encounter someone who really knows the home loan program right for you.

2) Pick out the TERMS of your loan -- BEFORE comparing rates.
Home loan terms range from 30, 40 to 50 years and some are interest only, meaning that you will only make interest payments each month and will never pay off your mortgage. Another factor to consider when debating terms is rate. Some loans have guaranteed fixed rates for the entire term of your mortgage. Other loans are Adjustable Rate Mortgages (ARMs), meaning that your interest rate will adjust after a guaranteed rate period is over. When considering terms, also think about what pre-payment penalty you are willing to accept. This penalty applies if you decide to refinance your home loan or sell the house within a certain period of time -- usually one to two years or longer.

3) Shop the rate and closing costs -- carefully
Have a mortgage broker pull a tri-merge credit report and then get a copy of the report. Take the report and a copy of your tax returns with you when visiting financing professionals. Be prepared to answer all questions honestly and be prepared to tell the mortgage broker the price range and the home loan terms you will need. Ask for two Good Faith Estimates (GFE) – one with minimal closing costs and one with standard closing costs.

4) Compare Total Monthly Payments.
Your GFEs will estimate TOTAL monthly payments on a home loan. These estimates only guess what your taxes, hazard insurance, homeowner’s association dues and other costs will be. Since mortgage brokers have no control over these costs, some will underestimate them to make their GFEs attractive. For this reason, always compare only the line item costs associated with each loan. Line items costs include principal, interest, and mortgage insurance.

5) Compare Closing Costs.
Closing costs can contribute significantly to the cost of buying a home. Some mortgage brokers will underestimate these costs to make an estimate seem competitive. Worse, closing costs and associated fees have confusing labels, making them harder to compare. In general, compare the “Items Payable in Connection With Loan” or the “Items Payable in Connection With Loan” on your GFE – these are the costs that your broker may have control over.

6) Compare Closing Costs AND Rate.
Does it make sense to choose the home loan with lower interest but higher closing fees? Or would a home loan with much smaller closing costs but higher rates cost you less? To decide, tally up how long it would take to “make up” the difference. For example, if one home loan saves you 0 a month through lower payments but costs 00 more in closing costs, it would take 10 months to “make up” for the closing costs.

7) Lock Your Rate!
Just because you are quoted a great rate, that does not mean that interest will stay in place until you are ready to buy, so lock in your rate 30-45 days before closing.

Deciding to buy a home is exciting, but choosing a mortgage can be nerve-wracking. To make a smart choice that really will support you financially, be sure to compare smart by following these tips. Then, you can enjoy your new home – with the right financing.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : 7 keys to becoming a successful real estate agent

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

Most real estate agents want to be extremely successful. Goals are set and then the hard work begins to reach those goals. So what steps can you take to skyrocket your success as a realtor? Here are 7 powerful steps that will get you on the road to success:

1. Realize your Potential

In order to succeed as a real estate agent, you need to see that you have the potential to reach your goals.

2. Don’t Look Back

Everyone has failures or mistakes from the past. To have success in the real estate industry, you need to learn from those past mistakes and learn valuable lessons from them. After doing so, simply move forward and make better, more educated decisions from the lessons learned.

3. Dare to Dream Big

To succeed as a realtor, you need to have big dreams and aspirations. Be honest with yourself as to what you want out of life and what you want to give of your life. Allow your mind to dream and think big!

4. A Powerful Business Plan

Create a powerful business plan that will organize your strategies. This plan will be the blueprint to your success. The business plan should include prospecting, listing strategies, prospect follow up techniques, networking ideas, and ways to boost customer loyalty.

5. Don’t Give Up

To reach success as a real estate agent, you must persevere through difficult times. Even Thomas Edison had to learn this. When he was inventing the incandescent light bulb, it took him more than 10,000 times to get it right. Keep striving even when the challenge seems to be overwhelming.

6. Have an Unstoppable Attitude

You need to have determination in order to succeed as a realtor. Be wary of close friends or family members that feel it would be better if you focused your attention in another direction or career. Uphold your unstoppable attitude, determined to succeed.

7. Stop Complaining

You might think there is no correlation between complaining about you difficulties and success, but there is in fact a connection. When you spend time complaining about the obstacles you are facing in you real estate career, you're wasting so much time being negative that you are actually missing out on chances to move your career forward. Don't think of challenges as problems, think of them as opportunities.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : The new trend in real estate - Luxury homes and condos

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

If, like most people, you are interested in real estate news and browse the headlines every now and then, chances are you might have read about it already ... and in case you haven't heard about it, then you might be very, very surprised about a new trend that may be contrary to what many people expect ...

Firstly, let's start with a few teaser questions ...

Let's suppose you had a lot of money ... hoards of it ... in early 2000, and were willing to invest it in real estate.
The question is ...

What sort of real estate do you think you would have purchased ?

Would you have purchased single family homes, multi family homes, two bedroom condos, raw land, coastal real estate, luxury homes, or ... ?

If you are trying to guess the answer, please do so now before you read the rest of the article :-)

Assuming you have your answer in mind, let's proceed ...

If your answer is been one of single family homes, multi family homes, two bedroom condos then give yourself a pat on the back ... you might have made quite a tidy amount of money ...

And if your answer is luxury homes, then give yourself two pats on the back, smile the biggest, most pleasant smile you have ever smiled ... you might have made well over a million dollars in profits :-)

For ...

<b>Luxury Homes are now one of the best performing segments in the real estate market !</b>

And what does that mean ?

Well, you might want to consider this ... according to some sources, after a decline of 7.1% in 2001, this segment gained 3.6% in 2002, 0.3% in 2003, 13.7% in 2004, and 13.2% in 2005 ...

And just what would that mean in terms of money ?

According to the Prestige Home Index, the price of an average luxury home in California's Bay Area is now .88 million - an increase of 6,000 from the previous year !

And that is more money than what selling several homes profitably might have made !

And just how many people could have foreseen this trend ? Well, your guess maybe as good as anyone else's in this regard !
While no one may be able to determine how long this trend will continue, there might be several other segments in the real estate market that might perform equally, if not better, in the future.

And one such possible segment may be ...

<b>Vacation Real Estate</b>

Another growing trend has been that people young and old have been moving to destinations like the Mexican Riviera, and are either setting up home there or are buying second or third homes there ... and gated communities are being set up in areas that were not very long ago petite little villages.

And the result - real estate values not seen before in the area ... and the values seem to be increasing too.
And how long will this trend continue ? Again, your guess may be as good as anyone else's in this regard.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : A simple real estate formula

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Posted in: #miamiLuxuryHomesBlog

It was a simple real estate formula. The ads ran in our small-town newspaper for years before I realized exactly what was going on. They were always the same: A house for sale with 5% down and payments of 1% of the purchase price. Maybe a three bedroom home for ,000, for example, with ,500 down and 0 per month payments.

When a friend started doing the same thing he explained the process to me. It was a way to get a great return on capital, and it was the opposite of buying with no money down. There is no down payment at all when you buy, because you buy for cash.

<B>The Simple Real Estate Formula</B>

You probably know that when you buy for cash, you can often get a much better price. With no financing contingencies in the offer, and the promise of a faster closing, sellers are willing to sell for less. You can offer ,000, for example, on a house that might be worth 8,000. If you can't get it for less than, say, ,000, you walk away - there are always other opportunities.

Once you buy the house, you put few thousand into high-return repairs and improvements. These might include paint, carpet, and maybe asphalt for a dirt driveway. For our example, we'll say you spend ,000. Let's suppose the house is worth 6,000 now. You're ready for the next important step in this real estate formula.

You put it up for sale, targeting buyers who can't get financing easily. You provide the financing. Because you are making it easy for the buyer, you can get more than the 6,000 value for the home - and do it without paying a realtor's commission. Let's say you sell it for 123,000. The buyer needs a down payment of just 5%, or ,150, and makes monthly payments of 30 per month. You charge higher interest than the going rates at the banks, of course.

This is a win-win situation. Your buyer is able to buy a home instead of renting, and you get a capital gain of perhaps ,000 after expenses, plus good interest. Your total rate of return will often be over 20%!

In our town, the first to do this consistently were a father and son team of lawyers. They saved money by doing their own foreclosures when necessary. Once they foreclosed, they raised the price and sold the home all over again.

They made millions. Did you know that if you can get an average return of 18% on your money, you'll turn ,000 into more than one million dollars in about fifteen years? That's the power of a good real estate formula.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Condos - Advantages and disadvantages

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Purchasing a new residence involves many issues and condos may be on your radar. Before you buy, keep in mind there are disadvantages to condominium ownership.

Condominiums – Disadvantages

Condominiums are simply a collection of units in a structure or structures. All property on the interior of the unit is yours with few limitations. Everything outside of the unit, however, is considered to be in the common areas and subject to administration by the homeowners association for condominium communities. As with any bureaucracy, this can lead to problems.

1. Parking – One of the biggest pet peeves with condominiums is parking. While this may sound petty, it becomes a big issue over time if a particular situation occurs. One would think a condominium comes with assigned parking. In many developments, however, this simply isn’t the case. Instead, parking is on a first come, first serve basis. Over time, this situation can become extremely aggravating. With guests in the neighborhood, you may eventually find it difficult to getting parking!

2. Restriction – Condominiums are all about uniformity. If you prefer to express your individuality, the rules of a condominium may drive you insane. Since people live close to each other in condos, there has to be a number of rules to keep the peace. Many condominium associations, however, seem to go overboard with rules and one can often feel like a prisoner. You may be restricted from having pets, particular types of material in your units, renting to others, making noise outside during certain times and so on. Before taking the plunge on a condominium unit, you absolutely must read the rules and regulations for the association.

3. Association Fees – Homeowners’ associations need money to keep the gardening up and so on. As a unit owner, you are responsible for paying monthly homeowners’ association fees. Before taking the plunge, you need to make sure you understand the current fees. You should also look back in time to see how much the fee has risen over time. Paying an extra hundred bucks or so a month probably will not kill you, but what if the monthly fee is five hundred dollars?

The decision to purchase a condominium can be a complex one. While there are distinct advantages, the devil is in the details. Make sure you understand what you are getting into before taking the plunge.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : A primer on condos

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Condominiums tend fall into the love them or hate them position for buyers. Here’s primer on condominiums.

Condominiums

Condominiums are all about communal living, which can be good or bad depending upon your personal views. This type of communal living doesn’t refer to the failed experiments of the sixties wherein hippies packed into a structure and shared everything. Instead, the modern condominium community is all about sharing common spaces as well as rules, rules and more rules.

Condominiums come in all shapes and forms. Condos can be found in a single high rise building in a downtown area or in an apartment complex type of layout in a planned community. The structure isn’t the determining point. Instead, the issue is how the properties are owned.

Unlike a stand alone home, the property lines on a condominium are the walls of the structure. Essentially, you own everything inside the condominium as your individual property. Everything outside the condominium is owned jointly with the people who own the other units. These areas are known as common areas and are subject to group rule.

Every condominium has a homeowners association in one form or another. The association has rules set out by the original developer regarding landscaping and so on. Members of the community are then elected to the board of the association, whereupon the immediately become a focal point of aggravation from individual owners and often wonder why they took the thankless job.

The problem with the association and condos in general is the issue of uniformity. If you desire to change the exterior of your condominium in some way, you must comply with the rules of the association. This means you cannot paint your property a different color, do landscaping and so on. For some people, this isn’t a problem, but others are frustrated they can’t express themselves.

When deciding whether a condominium is a good option for your next purchase, you need to carefully weigh the restrictions of a particular association. If you consider yourself an individual and want to show it, a condominium is probably a very poor choice for you.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Condos is the way to future

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The prices of condos are going up in some areas and down in other areas, but one thing is for sure, condos are here to stay! Condo living looks like being the way of the future and there are several quite diversified reasons for their popularity.

One is obviously a reflection on our society - many of us just feel safer living in a close community that offers protection of some sort. There is also the fact that most condo owners live up higher than ground level and it is known that more burglaries happen in first floor condos.

A higher proportion of condos are also being built as gated communities these days, so condos offer much more security than a single family dwelling. Many condos also offer 24 hour security patrols or underground parking.

Security is a big factor for all of us, but especially older people who may feel frail. With the baby boomers reaching retirement age, the largest ever population of pensioners will be looking for secure housing.

As age creeps upon us, we want to do fewer chores and have more peace. Another reason why a condo is so appealing as most condo maintenance is looked after by the management. Being able to walk though lawns that are fed, watered and cut by someone else has its appeal, as does swimming in a pool that is always at the perfect Ph balance!

There is another reason why members of the retirement population may like condos; it is easy to find friends in the unit and to visit without too much effort. Many condos also have a balcony, which is about enough outdoors once your back does not let you do the gardening anymore!

Real gardening buffs can search out a condo block that has large balconies and grow vegetables in pots! Make sure that you are able to grow vegetation on your balconies, this 'permission' thing may be an unfamiliar idea for those who are moving from single family dwellings.

Condos always have 'house rules'. They are there to protect rather than to hinder, but they are all individually designed. Rules can be vastly different from one condo unit to another. It would be extremely important to check the rules before you make your decision to buy.

If you find a condo with the type of rules that would fit into your normal lifestyle pattern, then there will be no conflict in your new life - that is if you are planning a change!


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : What is a Condotel? Is it a condominium? Is it a hotel?

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What is a Condotel? Is it a condominium? Is it a hotel?

Well it’s a combination of both. It’s also one of the hottest types of investment properties around the world and now available in Miami.

You buy a condominium as a vacation home within a hotel type property and the condominium is rented out by the hotel when you are not there. Many condo hotels have superior amenities like spas, health and fitness centers, restaurants and business centers.

Condo hotel unit owners can receive revenue from participating in the condo hotel’s rental program, helping to offset their ownership expenses and the surplus resulting in a annual return on their investments. The operator of the rental program, in exchange for a 40% share of the revenue, markets the units as a hotel, takes reservations, operates the front desk, staffs and maintains the entire property, and provides the services hotel guests expect, such as housekeeping, food and beverage, and concierge.

If you want the best price and the widest selection, your best bet is to purchase a condo hotel in early preconstruction stages. Nearly all developers begin selling their condo hotel units 18 to 24 months before construction is complete. One such development in the Miami is Lancaster - The Atrium which is now offering its Condotel suites for sale. By reserving a condo hotel unit at this stage, you’ll be able to pay today’s prices for tomorrow’s real estate. Of course, that also means you’ll have a bit of a wait before you can use your condo hotel vacation home, but the real estate appreciation can yield a very healthy return.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : What to keep in mind when booking a Miami condo

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Are you planning on booking a Miami condo for your next Miami vacation? If so, have you started thinking about what you want or what you need? If not, you are advised to start thinking. Knowing what you want or need to get from a Miami condo is one of the best ways to not only find a condo to rent, but a condo that peaks your interests.

When it comes to choosing a Miami condo, one thing that you will want to keep in mind is size. Miami condos come in a number of different sizes. It is quite common to find Miami condos that come with one bedroom or two, but it is possible to find them with even more bedrooms. If you are traveling with a large group of individuals, like a group of friends or your family, you may want to keep the size of a Wailea condo in mind. Doing so will help to ensure that you book a stay at a Miami vacation condo that can accommodate you and all of your guests.

In addition to the size of a Miami condo, it is also important to keep the cost of one in mind, especially if you are vacationing on a budget. When it comes to price, there are a number of factors that are taken into consideration when coming up with that price. One of those factors is the beach. Beachfront or oceanfront Miami condos come highly recommended, but they will cost a little bit more money than condos located a little further inland. The cost of renting a Miami condo will also depend on the size of it. In most cases, you will see that the larger the condo you need to rent, they more you will need to pay for reservations.

It is also important to keep availability in mind. When choosing to book a stay at a Miami condo, you will need to search for condos that are available when you will be in Miami. This is one of the many reasons why you are advised to book your vacation condo reservations in advance, especially if you need or want something specific. The location will also have something to do with the availability. In most cases, you will find that beachfront or oceanfront Miami condos fill up with reservations quicker than those located inland.

Availability, price, and size are three of the most important factors that you need to take into consideration when searching for a Miami condo to rent. While availability, price, and size are all important, you may also want to take your vacation activities into consideration.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Why should you rent a Miami condo

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Are you planning on booking yourself a Miami vacation? If you have recently made the decision to take a trip to Miami, you may have yet to make your reservations, such as your overnight accommodations. If so, you may want to examine Miami vacation condos. Although you may have had your heart set on a staying at a Miami vacation resort, you may very well find yourself changing your mind, once you learn more about Miami vacation condos, namely what they can do for you.

Perhaps, it is best to examine exactly what Miami vacation condos are, before focusing on the benefits of renting one. Miami vacation condos are like any other traditional condo. Condos are living spaces that are found inside a large building. The only difference between traditional condos and vacation condos is the fact that vacation condos are designed for tourists. That is the reasons why they often have short rental periods, usually about a week or two. In many large areas, including Miami, it is common to find condos that are in high-rise buildings, but condos can also be found in smaller buildings as well. In fact, in Miami, you will find Miami vacation condos that come in a number of different sizes and styles.

Now that you know exactly what Miami vacation condos are, you may want to start examining their benefits. One of the many benefits of Miami vacation condos is the fact that they tend to feel just like home. For instance, condos are often compared to apartments. This is because most condos are full housed with everything that you need, such as multiple bedrooms, bathrooms, kitchens, dining rooms, and much more. You will also find that Miami vacation condos come fully furnished. Therefore, as soon as you walk in the door, you may feel as if you are right at home, instead of crammed into a small hotel room. If you are looking for a Miami vacation condo that includes a certain room, such as a laundry room or a certain number of bedrooms, you are urged to keep this in mind, when searching for Miami vacation condos.

As previously mentioned, Miami vacation condos come in a number of different sizes and styles. Many times, those sizes and styles have to do with location. Since Miami is one of the most popular and well-known of all the beach vacation, there is a good chance that you are going to Miami for its beaches. If that is the case, you may want to try and rent a Miami beachfront vacation condo. Miami beachfront vacation condos are like all other vacation condos, except for they are located along the coasts of Miami. Due to their pristine locations and amazing views, you will often find beachfront vacation condos to be considered luxury condos. These luxury condos may be a little bit more expensive, but they are always worth the cost, especially if you are traveling to Miami just for beautiful beaches.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Waterfront property, what you should know

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As with any type of real estate, waterfront real estate comes with a few special considerations.

If you are purchasing real estate on the water, be it a river, lake or oceanfront, you'll want to know for certain what your rights and responsibilities are to that water and its shoreline. For example, are you obligated to build a certain type of dock? Many areas have regulations governing what type of dock can be built. Are you even allowed to moore your boat there? Sometimes your rights end at the waterline. Is your beach accessible to the public or can you limit who goes there? Can you build right beside the waterline, or do you have to have any structures a certain distance away? Be sure you investigate the maximum water levels, and research the flooding history of your area. All of this will be important in your future at your waterfront home, so be sure to get the facts before you buy, so you know exactly what you'll be working with.

Living beside a body of water, realize that it is a delicate ecosystem and be sure to consider the environmental impact of what you do. It might be best to avoid things like weed killers on your lawn if it's just running down a slope into the water. There may even be laws governing what is safe to use and what is not. For this similar reason, homes with septic systems will have special regulations beside the water. Because the water level is higher underground, follow the rules carefully to avoid sewage leaching either into the lake, into your drinking water or into your basement during especially wet times of year.

You will also definitely want to consider safety when living beside the water. Ask around about any local dangers such as hidden currents or underwater rocks close to the surface. Also rusty old boats or garbage that has sunk that could hurt unaware swimmers.

Once you've figured out everything you should know about your own unique piece of waterfront, it's time to sit back and enjoy some of the benefits. Not only will you enjoy living in such a beautiful area and taking advantage of the local recreation, you'll have peace of mind knowing you've invested in some of the most valuable real estate around.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Owning a waterfront property in Miami

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Owning a waterfront property in Miami

The south shore of Miami is a more popular place to own a waterfront home than the north shore. This is because the south shore is closer to downtown and the airport. It also has quick access to much more shopping. Communities on the south shore.

There are some very exclusive gated communities on the south shore of Miami.
In 2000 there were 91 waterfront homes sold in the Miami South area. This is basically the south shore of Miami.

A could may have snuck in there that are actually on a pond or creek, but most were Miami waterfront. The average sold price per square foot was just over 1. That gives the reader a good idea of the value of a waterfront home on Miami.

Waterfront lots on the south shore of Miami have become scarce and expensive. Current Miami waterfront lot listings are priced from around 0,000 to over million.

Because south side properties have become a bit scarce and more expensive, the north shore has started to become more attractive. The north shore has not developed like the south shore has in terms of nicer subdivisions and shopping, but that is changing. Much of the north side of Miami will be from 20 minutes to an hour farther from downtown than the south shore. So anyone buying there needs to keep this in mind

There are a lot of places in the U.S. in which to own great lake property. Miami is truly one of the best.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Florida property insurance claims

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Florida Public Insurance Adjusters are growing in popularity throughout Florida. Whether it is hurricane, fire, flood or catastrophe damage, more and more home and business owners are finding it necessary to acquire the assistant of a Public Adjuster because of underpaid property damage insurance claims.

Florida has been devastated by hurricanes in the past 3 years. Broward, Dade, West Palm, Monroe, charlotte and many other counties have had astronomical damage to their property and many of these hardworking people have not gotten a proper settlement from their Insurance Company. The main Insurance Company that is now dealing with these past hurricane damage claims is Citizen’s.

For the most part, Citizen’s has been a fairly honest company. They have however underpaid a portion of their insurance policyholders from past hurricane and catastrophe damage. This is where Florida Public Insurance Adjusters have stepped up to the place. Their job is to reopen a policyholders insurance damage claim and see if the home or business owner was 100% properly paid on that insurance claim.

The number of underpaid insurance damage claims is astounding. Public Insurance Adjusters routinely get 70%-80% more funds for the policyholder than they originally received from the insurance company when the claim was settled. Reopening a property damage claim is fairly simple and is well worth it for any past hurricane damage victims.

It is not recommended that the policyholder reopen a past insurance claim by themselves. It is a tedious process that should be handled by a professional if you want to walk away with the extra funds you were cut short on. Whether it is a single family home, or a whole condo association, Public Insurance Adjusters are there to represent the policyholder throughout this whole process, and more times than not, these hardworking property owners get the funds that they should have originally received.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : What is business property loan

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Majority of the population is involved in business today. Business requires capital investment. It is not that easy to run a business without sufficient finances. If you face a situation where you require money urgently, you tend to borrow from outside. Borrowing money from relatives could be embarrassing. Now who can provide you such a huge amount? If you think of taking a loan, you are on the right move.

As you want to invest money into your business, therefore opting for business property loans will be a wise decision. These loans can help you meet the urgency of money.

Business property loans are designed for the entrepreneurs, who want to expand or improve the existing business, raise the operating capital, purchase an asset for the business or start up new projects.

As the name suggests, business property loans are secured against a property. The security can be a worthwhile asset of the entrepreneur. It can be the equity in home, car, business premises or bank statement. The lender has the authority to seize the borrower’s property if the repayments are not made on time.

The borrower has the freedom to draw money ranging from £10000 and £10million. The amount however differs from lender to lender. The rate of interest and monthly installments are decided according to the income and repayment capacity of the entrepreneur.

Business Property Loans are also available for entrepreneurs who are going through adverse financial crisis. If you have witnessed the problem of arrears, defaults, County Court Judgments or bankruptcy, opting for the loan will help you overcome the crisis. If you make a judicious use of the loan by using it for debt consolidation you can not only clear off your multiple debts but also improve your credit score.

While applying for business property loans certain documents are to be presented for the valuation of property. Details like business profile, nature of business, length of ownership, and current income are also important in the approval of business property loans. If the entrepreneur is planning to start up a new venture, he must discuss the business plan with the lender and how will it help him repay the loan.

Numerous lenders offering business property loans exist in the market. Approaching local banks and financial institutions is quite a messy affair. They demand lot of time and efforts. Plenty of documentation work is also there.

An alternative to these physical lenders is the provision of hassle-free online lenders. Online lenders facilitate the entrepreneur with a speedy loan approval. A simple online loan application needs to be filled up. The borrower need not worry about the confidentiality of the information given by him in the application form. It remains secured.

Make best use of your property and avail easy finance. Business property loans are there to ease your financial pressures.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : What to look for in a property management firm

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So you are the proud owner of a vacation home – congratulations. But just as with your own home, a vacation home needs a lot of tender loving care. Who is going to look after it when you are away? And, perhaps, how is it going to pay its own way? Thoughts like these tend to push vacation home owners into thinking about appointing a property management company. So what should you be looking for in a property manager, and how do you go about finding one with the qualities you want?

1. First and foremost, you have to decide if you just want the property taken care of, or if you also want it rented out. This will determine what kind of property management firm you want, and whether you need to check their credentials for marketing your firm, or just for looking after it. Assuming that you would like your home to generate some income for you, you need to look for several key capabilities

2. A firm which will ensure the highest standards of care and attention to the fabric and contents of your property. Lots of rental income will not make up for the damage caused by careless renters. Make sure that your chosen firm will keep on top of every
• Personal check-in and check-out of every rental. Many firms take advantage of the availability of keyless coded locks to allow renters to check themselves in and out. This means that they never know who is in your property, and whether your four-bedroom home which is supposed to have a maximum of 8 guests actually has 16 grad party celebrants all over the floors

3. The highest standards of cleaning. Cleaning a property thoroughly is time-consuming and expensive. Many property management firms cut corners here, and if they do, you will eventually pay the price in worn-out carpets and other forms of dilapidation.

4. Superior marketing capabilities. Marketing vacation rental properties has become a sophisticated business these days. Make sure that the primary website on which your property will appear is ranked highly against the most popular keywords for your location. A local firm without much experience in search engine optimization may be able to take good care of your property but they won’t generate a lot of income since no-one will know that they exist.

5. Great service for guests. Look for a manager who knows how to offer excellent service to guests: arrival baskets of food and drink, pre-booking of activities, restaurant reservations etc. If guests feel they are well looked-after, they will be more inclined to come again, but also feel more of an obligation to take good care of the property they are in.

6. Great service to you. You should expect VIP treatment when you are using your own property, but also VIP service when you call up your property manager to enquire about availability, discuss renovation and maintenance issues, query your income statements or any other matter. Make sure you will always get to speak to someone senior who knows you and your property.

For a company which looks as if they know what they are doing. But make sure you talk to them in detail and go over the management contract with a fine tooth comb before you sign on the dotted line. You should expect to pay 35-50% of gross rental income to the management company; if they charge less you might want to be suspicious of what they are offering; if more, they’re probably too expensive. This may sound a lot, but remember that they are looking after your property for no fixed outlay to you, and they only make money when you do as well.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Buying an investment property online

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Low down payments, no credit check and guaranteed approval. This is the convenience for many investment property buyers who choose to shop online. With the internet being responsible for dramatically changing the way people do business, it is also responsible for revolutionizing the way people shop for investment property.

A conventional loan for investment property would entail an application, credit review and complete disclosure of the applicants financial situation. However, an increasing number of real estate developers, owners and brokers are offering investment property with the convenience of owner financing. A low down payment, which is followed by regular monthly payments, may result in a prime piece of investment property. Most commonly used for purchases of land, owner financing is extremely popular for investors, first-time home builders with no credit or even individuals who have past credit problems and would not otherwise qualify for a conventional loan.

With very low down payments, which are often lower than ,000.00, many investment property sellers provide competitive interest rates and low monthly payments with absolutely no qualifying, credit check or income verification. As long as consumers continue to make their minimum required monthly payment, they will be approved.

No matter when, where or how investment property is purchased, the buyer must perform due diligence prior to signing on the dotted line. The buyer will want to make sure that he/she will receive a warranty deed on any investment property, which means it will be free and clear of any liens, and that the current owner has the full right to sell the property. In addition, it may be a good idea for the potential buyer to contact the local tax office and inquire about the most recent assessment of the investment property. This will give the buyer a good idea as to whether or not he/she is getting a bargain. If the investment property is located in another state, the buyer should request photos and even consider hiring a video professional to make a recording of the immediate area and the land for visual purposes.

When agreeing to purchase investment property with owner financing, a signed contract is a must. This is simply a contract that is drawn and signed by both parties, which will indicate the down payment required, full purchase price, monthly payments, number of payments required until payoff, a listing of pre-payment penalties (if applicable), the location of the investment property and the size and details of the same.

A valid investment property contract will confirm that the seller agrees to finance the property at a certain amount of interest and will sell the described property after a predetermined number of payments. In return, the buyer agrees to pay a certain amount each month on a specified day each month. The contract should outline the exact location, street address, size of the lot and parcel number. In addition, it must include terms regarding late or missed payments, late fees and cancellation options (if any). The contract must be signed and dated by both parties in order for it to be valid.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Condo investments, a good plan for retirement

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Condo Investments in the Miami, Buy to Let rental properties are now being preferred to failing Pension Plans as more and more people and Overseas Property Investors look to the future and retirement.

With many people and Offshore Property Investors looking to start saving for retirement, the Miami with its comparative attractive cost of real estate yet high rates of Hotel Accommodations, make the Condotel investment an extremely attractive investment proposition.

Ivan, International Marketing Director for IvanAndMike, a company specializing in Condo Hotel Sales and Investments in the Miami said that many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate.

“Many of my clients are looking for investments that will give them an income for retirement as an alternative to traditional private pension plans that have failed. Personally, I have always regarded Pension Plans as a glorified ‘Pyramid Scheme’. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Savvy investors are now looking for a more solid investment with potential for monthly income. Condotels in the Miami fit the bill”

This potential, high rates of rental returns from Condotel Investments, currently from 8% up to 16% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so often run around like headless chickens looking for normal residential profile “buyers” without looking at the by far bigger picture of investments, investing and retirement.

“We look at Condotels as pure investments. Not primarily as Real Estate. If you look at the Condo Hotel market as investing for future income, and think outside of the box, it is plain to see that Condotels are not only real estate investments but more importantly income generating property. Think of Condotels as a Managed Pension Plan. After all, Condotel units are fully managed property. The owner of the property does not have the hassle of renting out the unit and contend with all the normal pit falls of being an amateur land lord. This is taken care of by the Condo Hotel Management”.

“One of my clients from Chicago, just purchased 4 Studio Condotel Suites. His plan is to retire in the Miami in 2012, live in one of the Suites and receive the Condotel rental income on the other three. His outlay for the purchase is only around 85 Dollars a day for 6 years by opting to purchase on a 6 year no prequalification, no down payment, no interest payment plan. Even before completing payment for the units, he will be receiving some ,500 a month in rental income in additional to any Government or Private Company Pension Plan. Better yet, the rental income is in tune with inflation and buying on preconstruction terms gives real estate appreciation of some 60-80% over 3 years. As Hotel Rates increase yearly, so does the rental income”


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : How to acquire a property using commercial loans

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Acquiring a real estate through one’s own resources is not possible for every aspirant as it requires huge funds. In modern business world, however, buying real estate has become a regular feature since it is viewed as highly profitable investment. Commercial real estate loan has been tailored for the purpose of easy and smooth buying of desired commercial real estate either for business or investment. The borrowers can utilize commercial real estate loan in buying shops, hospitals, pubs, restaurants, guest houses, industrial units or any property that has commercial angel.

There are some requirements from the lenders that have to be fulfilled for availing commercial real estate loan. The borrower is supposed to place the title deed of the real east in consideration as collateral with the loan provider. Thus the loan is fully secured. The title deed will be returned to the borrower once the loan is paid back with interest. The borrowers are also required to put some down payment. Often the down payment is up to 20 percent of the real estate value. Rest of the amount is divided into equal monthly installments. So, higher the down payment, lower the installment amount will be.

A huge amount is at stake in real estate purchasing. Lenders can even fund £1000000 under commercial real estate loan for purchasing a commercial property. The lending amount depends on repayment capacity, financial standing and credit history of the loan seeker. Commercial real estate loan comes with an Annual Percentage Rate ranging from 6 to 20 percent. The borrowers have the option of availing the loan at either fixed or variable rate of interest. The fixed rate remains constant throughout the loan repayment duration and the borrower knows how much is to be paid towards the loan. Variable interest rate will be charged as per the current market rate of interest which may increase as well.

To repay the loan, borrowers have the choice of 10 to 30 years of repayment term to choose from. Remember that lower repayment term results in higher monthly installment amount. The loan amount and repayment term should be decided carefully keeping one’s repaying capacity in mind. Otherwise, the borrower may lose the commercial real estate to the lender who may go for its repossession.

While applying for commercial real estate loan, instead of regular lenders, opt for online lenders. No documentation and fee is demanded from the lenders when applying online. Another advantage is that you get number of loan offers in response to the application and can pick up suitable loan package having easier conditions. Before concluding the loan deal, consult a real estate attorney to avoid any pitfalls.

Commercial Real Estate Loan should be taken in such a way that it makes you financially stronger. Pay off the loan at due date so that you remain in the good books of the lenders.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : 10 tips for buying property

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

Just because real estate prices seem to have hit a temporary ceiling in many countries around the world, that doesn’t mean that profits from property investments are hard to come by.

Even during a real estate market slowdown, stagnation or depression profits can be made locally and overseas. This article shows you the top ten tips that real estate investors apply to their property portfolio building strategy to ensure success from their investments.

1) Research the curve - the concept of a property market cycle existing is not myth it’s a fact and is generally accepted to be based on a price-income relationship. Check the recent historical price data for properties in the area of the country you’re considering purchasing in and try to determine the overall feel in the market for prices currently. Are prices rising, are prices falling or have they reached a peak. You need to know where the curve of the property market cycle is at in your preferred investment area.

2) Get ahead of the curve – as a basic rule of thumb, professional real estate property investors seek to buy ahead of the curve. If a market is rising they will try and target up and coming areas, areas that are close to locations that have peaked, areas close to locations experiencing redevelopment or investment. These areas will most likely become ‘the next big thing’ and those who by in before the trend will stand to make the most gains. As a market is stagnating or falling many successful investors target areas that enjoyed the best levels of growth, yields and profits very early on in the previous cycle because these areas will most likely be the first areas to become profitable as the cycle begins turning towards positive once more.

3) Know your market – who are you buying property for? Are you buying to let to young executives, purchasing for renovation to resell to a family market or purchasing jet to let real estate for short term rental to holiday makers? Think about your market before you make a purchase. Know what they look for in a property and ensure that is what you are going to be offering them

4) Think further afield – there are emerging real estate property markets around the world where countries’ economies are going from strength to strength, where a growing tourism sector is pushing up demand or where constitutional legislation has been or is about to be changed to allow for foreign freehold ownership of property for example. Look further afield than your own back yard for your next property investment and diversify that real estate portfolio for maximum success.

5) Purchase price – set yourself a budget that will realistically allow you to purchase what you’re looking for and profit from that purchase either through capital gains or rental yield.

6) Entry costs – research fees, charges and all expenses you will incur when you buy your property – they differ from country to country and sometimes even from state to state. In Turkey for example you should add on an additional 5% of the purchase price for all fees, in Spain you will need to factor in an average of 10% and in Germany fees and charges can be in excess of 20%. Know how much you will have to incur and factor this amount into your budget to avoid any nasty surprises and to ensure your investment can become profitable.

7) Capital growth potential – what factors point to the potential profitability of your real estate property investment? If you’re looking overseas at an emerging market, which economic or social indicators exist to suggest that property prices will increase? If you’re buying to let out are there any indications to suggest that demand for rental accommodation will remain strong, increase or even decline? Think about what you want to achieve from your investment and then research and find out whether your expectations are realistic.

8) Exit costs – if you will incur substantial capital gains taxation liability if you sell your property investment for profit, will that render the investment profitless? In Spain a foreign buyer can incur up to 35% capital gains tax, in Turkey on the other hand property sales are capital gains tax free if the underlying real estate has been owned for four or more years.

9) Profit margins – what levels of capital growth can you realistically gain on your property investment or how much rental income can you generate? Work out these facts and then work backwards towards your initial budget to work out your potential profit margins. At all times you have to keep the bigger picture in mind to ensure that your real estate investment has good potential for profit.

10) Think long term – unless you’re buying property off plan and intending to flip it for resale and profit before completion you should view real estate investment as a long term investment. Real estate is a slow to liquidate asset, cash tied up in property is not simple to free up. Take a long term approach to your property portfolio and give your assets time to increase in value before cashing them in for profit.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : 5 important points to consider when buying a property

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

Finding a bargain investment property on paper is only half of the process of property investment. The other half of real estate investing is going down to the property to examine the real estate investment property physically for defects either in terms of the construction and legal title and other liens that can be on the property. You do not want to spend lots of legal costs later to undo the bad lemon you bought into. This article will highlight five possible things to consider when searching for your next investment property.

1. Unless you find a property that is really run down and you want to tear it down to its foundations, you want to look out for properties that might have potential electrical and water piping problems. The reason why this is critical is that, wiring and water piping is usually hidden behind walls and other furniture fixtures and repairing them can be a very costly affair since you have to hack into the walls and run the piping and wiring if the problem is very serious. If you are new to property investing try to bring a electrical engineer along with you when you are doing some property inspection.

2. Foundation problems are usually harder to spot. When walking around the property, look for cracks appearing at the side of the house and the foundation that goes into the ground. Look for large unusual holes found at the side of the property and cracks on the exterior paint of the building. You might want to bring a civil engineer and a contractor along to figure out how much it would cost to fix the property if you suspect the repairs involved will be substantial. You can also bring them along to give a “grim estimate” to the house owner and bring down the cost of the property.

3. Roofing problems can be a persistent nightmare to you and your potential tenant if you are purchasing the real estate for tenancy purposes. When inspecting the house, look around the ceiling near the windows and around the edges of the walls to look for new paint or yellow spots or cracks with water in them. Most sellers would be smart enough to eliminate the water bubbles after a heavy rain when trying to sell the property, but it is always important to figure out if there is a major leaking roof which might cost you are lot into repairing it. Use this defect to negotiate the price of the property further if you are interested in the property.

4. Another reason why the investment property in question might be a bargain might be because there are legal problems associated with it. Common ones include, multiple owners that cannot agree whether to sell or not. Litigation here would be futile and you should avoid such property once you learn about it.

Another problem might be a lack of clean title. Did you know that the seller can be selling you only the building without the land or maybe there are existing tax liens on your property or some other liens that can prevent you from getting good title to the property? Spending some time chatting with a reliable real estate attorney to learn about common real estate problems in your area can save you lots of legal problems later.

5. Bankruptcy of your seller or one of the part owners of your real estate may depending on the legal proceedings of your state affect your ability to transfer title quickly. Most states make it a requirement that the receiver of the bankrupt has to agree so pay careful attention to the bankruptcy legislation of your state. That being said, sometimes the banks are willing to sell you at a bargain so as to recover the bad debts quickly so do your homework before purchasing such an investment property.

In conclusion, these five pointers can be used as a starting point for you to evaluate your property investment. Spend some time to think rationally about the properties that you have seen and see if they have any of the above flaws and consider if you want to continue purchasing them and whether the costs that you may incur in fixing them will justify the discount of the property to the market value. Above all, take massive action today and pursue your property investment dreams.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : 5 features to look for in a rental vacation property

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

If you're thinking of using a property rental service for your Spain holiday rental or apartment for rent, there are some key features you should look for before making a commitment. You'll want the best possible service while also earning maximum profits for your vacation rental. Here are five major features every property rental service should offer.

1. Excellent Customer Service

Your guests will remember you by the service they receive during their stay at your villa rental, apartment or vacation rental. The property rental service you choose should offer excellent customer service and be able to provide testimonials from satisfied property owners. Your guests should arrive to a clean villa, home or apartment.

If renting for a vacation, golf holiday or some other Spain holiday, each guest should receive a welcome packet including directions to the rental property as well as helpful information about the surrounding area. If you have an apartment for rent, tenants should be treated well. Rental payment collection, service maintenance and assistance with local utility and phone set-ups should be provided with friendliness and thoroughness.

2. Cleaning Management

A property rental service should provide reliable cleaning management. You might live too far away to handle cleaning or manage a maid service. If you live in England or the U.S., but your vacation rental or apartment for rent is located in Fuengirola, Mijas, Puerto Banus, or Elviria of Spain, then you'll need a property rental service that will handle cleaning with care. For holiday rentals and villa rentals, cleaning must be provided between each guests' stay and sometimes during the week of a stay as well. For vacation homes and villas, the lawn must be maintained as well. Be sure this is included with your service.

3. Key Holding, Inventory, and Detailed Necessities

You may not be able to handle local errands for your vacation rental or apartment for rent. Therefore, the property rental service should be entrusted with these tasks. Some necessities to keep the rental property operating legally include key holding, insurance, property tax and levies, building permits or licensing, bank account management, phone and utility set up and billing, etc.

Another area of importance is inventory. The furniture and other valuables in your apartment or villa rental must be kept on an inventory list and checked physically each time a guest departs. If you live in another country but own rental property in an area of Spain such as Costa del Sol, Marbella, Benalmadena or any other area, then obviously you're going to need someone locally who can check your inventory for you. Choose a property rental service that provides these types of services to eliminate worries while you're away.

4. Building Refurbishing and Major Repairs

Another feature to look for in a property rental service is whether or not they provide building refurbishing services and major repairs. The benefit of this is the provider will already have contacts to do the jobs needed. You won't have to spend endless hours trying to find a dependable contractor or handyman.

5. Promoting Your Apartment or Spain Holiday Rental

Check to be sure the property rental service will promote your apartment for rent or Spain holiday rental. Promotions will increase your number of rentals and profits each year. A property rental service may handle your advertising in local, national and international venues. If they have a website, they may promote your holiday rentals at the site. If you own a vacation rental near golf courses, then make sure they will advertise your rental from the angle of "golf holidays."

Keep these features in mind during your search for a property rental service. By choosing a service with great features, you'll have peace of mind knowing that your holiday rental or apartment for rent is in good hands!


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Basics of Florida homestead property

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

Florida's Homestead protections are actually three distinct protections under Florida law, each with a different purpose and effect: asset protection, reduced property taxes, and protection of surviving spouses and minor children. Each is explained below.

The Florida Constitution exempts homestead property from levy and execution by most creditors. So long as the property qualifies as homestead, the amount that can be protected is not limited, which makes the Florida Homestead an excellent asset protection vehicle. Even if the purchase of the homestead was designed to defeat creditors, the protection still applies.
Under the Bankruptcy Reform Act of 2005, however, debtors in bankruptcy may lose all or a portion of the homestead protection. In bankruptcy, homestead protection is capped at 5,000, unless the debtor occupied the Florida homestead property and previous Florida homestead properties for 1215 days prior to the bankruptcy filing. Also, transfers into Florida Homestead within 10 years intended to defraud creditors may be challenged by the bankruptcy trustee.

Federal creditors, such as the Internal Revenue Service, mortgage holders, and persons holding mechanics liens on Florida homestead property are not restricted by the Florida homestead provisions.

Under Florida's Save Our Homes Act, the assessed value of a Florida Homestead is restricted to an increase of no more than 3% per year.

If a Florida resident passes away owning a Florida Homestead in his or her own name, if the resident had minor children, the minor children are entitled to the entire property, or, if the resident was married, to no less than a remainder interest in the property. A surviving spouse is entitled to no less than a life estate in Florida Homestead property. The homestead provisions can be a trap for the unwary, especially for those with estate plans drafted while a resident of another state. For example, a person owning a house in New York and a condominium in Florida may have decided, while a New York resident, to leave the house to his spouse and his condominium to a daughter from a first marriage. If the person retires to Florida as a resident and then passes away, his spouse will inherit the house under the terms of the will and then be given a life estate in the Florida condominium.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Property owners guide

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

Property Buyers Guide

Buying property is a major investment decision that needs a lot of thought. To make sure you are making an informed decision, it is best to refer to a buyers guide. This will guide you on the various considerations you need to look at before going ahead (or not) on that property purchase. It also guides you on the various options that are available in making that purchase decision as easy as possible.

Acquiring property can be easy if you know how and if you follow the proper steps. Here are some of the most important steps in acquiring that piece of property you have been yearning for:

1. Among the first steps to acquiring property is deciding what your property needs are. To aid you in making this decision, make a wish list covering preferred location, type of property (detached, bungalow), number of bedrooms, etc. Once you have done this, look for an estate agent. You can do this by looking at the telephone directory, calling and making an appointment to discuss your requirements.

2.Alternatively, you can use the Internet to search for properties that meet your requirements, shortlist those that look interesting to you and contact the estate agent under whom the properties are listed for an appointment and arranging viewing of the property.

3. At this point you will probably already know what the price of the property you are looking at is and it is time to determine what you can afford to pay at what rate. Rarely will you be able to afford to make full cash payment for the property, and even if you could and unless there is a big discount for cash payments, this option is not generally advisable, because of cost of money. What you will need to do is determine the initial payment you are willing and able to make and what periodic payments you can afford. A good rule of thumb for the periodic payments is that, in combination with your other repayment obligations should not exceed forty percent of your net monthly income.

4. Then you make your offer. You may have already organized your mortgage through a lender to finance the purchase but, if not, this is the time to go looking for the correct mortgage for you. There are a lot of companies offering mortgages but make sure you research these companies before making your choice (refer to the mortgage guide for more details). Choose the best offer which will apply to your payment capacity.

5. Typically, the lender will establish your ability to pay by referencing either previous months pay slips or, in the case of the self employed, previous year’s accounts. They will take into account assets and liabilities as well as determining ownership and value of the property to be mortgaged. Going through the legal process of a mortgage is facilitated by a conveyancer (solicitor) and the lender. Upon completion of the requirements, the legal documents will be prepared by the conveyancer and will need to be signed by both mortgager and mortgagee and duly notarized. This typically includes a promissory note, a mortgage agreement and disclosure statement.

6. Once you have found your property, have a mortgage and have begun making your payments for a reasonable period of time, it is now appropriate for you to start thinking of ways to make your mortgage work for you.

• One way is remortgaging, which is the process of paying off one mortgage with another one in order to free up capital or take advantage of lower mortgage rates at a certain point in time.
• Another way is to make mortgage overpayments whenever possible to lower the total interest you pay since the mortgage rates will be applied on a lower amount.
• Releasing equity (borrowing more money from your mortgage property on the basis of the increase in value of your real estate) is one way to generate cash even if your real estate is still under mortgage.
• If you have more than one mortgage, with the value of one property sufficient to cover the remaining capital of many or all of the mortgages, you may want to consider debt consolidation, which is simply defined as the process of placing all your mortgage obligations from several real estate properties into fewer properties.

Buying property is not an easy task after all. However, with a proper buyers guide, and an understanding of the concepts of managing mortgages, like remortgaging, mortgage overpayments, releasing equity and debt consolidation, the experience need not be painful; it could turn out to be profitable, too.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Leveraging your rental property

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

Owning investment property is a tremendous wealth building strategy. Thousands upon thousands of individuals have amassed great wealth by investing in rental properties.

Unfortunately, few investment property owners learn how to leverage equity in a way that maximizes tax deductions while creating and locking in equity gains. Instead, they leave themselves open to price fluctuations in the residential property market. These fluctuations can wipe out or severely reduce equity positions in property.

Housing Boom To End?

There is little doubt we are coming to the end of a huge boom market in residential properties. For the last four years, properties have appreciated at unheard of rates. The question, of course, is what happens when the market cools off? Will we simply see a price plateau or an actual drop in prices? While nobody is sure, the clear consensus is property owners should move to preserve equity while they can.

Protecting Equity Gains

Protecting equity gains in your investment property requires careful planning. This leveraging strategy is fairly simple, but can sound complex. Please keep in mind this is just an introduction to the investment property tax strategy. You will need to contact us to learn more.

The investment property tax strategy protects your equity gains by separating and leveraging them. The leveraging process is best explained with an example.

Scenario 1 – Without Tax Strategy

Assume you purchased a rental property in 1999 for 0,000 with nothing down. As of July 2005, the combination of loan payments and appreciation has resulted in a gain of 0,000. You have amassed wealth, but all of it is at risk. If prices drop twenty percent over the next year, you will lose 0,000 of your equity in the rental property.

Scenario 2 – With Tax Strategy

We are going to use the same exact scenario. It is July 2005, you have 0,000 in rental property equity, but all of it is risk. You decide to implement the investment property tax strategy and the following occurs.

Our goal is to protect the 0,000 in gain on the rental property while also maximizing tax reductions. The first step is to refinance the property with, typically, an interest only loan. A percentage of the equity gain is taken out of the property and placed into an equity index insurance product. The equity percentage is arrived at by determining the payment amount you can afford on the loan. Typically, it is tailored to match your current loan payment amount.

Going back to our scenario, what happens if property prices pull back 20% over the next year? You do not suffer the loss of 0,000 because the gain is sitting in your equity index insurance product. Essentially, it is a wash and you have protected the capital gains while capturing a stock market-based rate of return.

Ah, but it gets better.

Equity Index Insurance

The investment grade insurance product isn’t just any policy. Instead, the policy we use is tied to a stock market index. What if the stock market suffers a loss? Not to worry, this policy carries a guarantee that you will never lose a dollar, even if the market crashes. If the stock market did crash, the policy would simply credit you with nominal growth for the year in question. In all other years, the policy would grow with the stock market. On top of all of this, the money in the insurance product grows tax-free.

So, what has been accomplished? First, you have protected your rental property equity gains from home price fluctuations. Second, you have leveraged your equity into two growth channels, the stock market and appreciating house prices. Third, you have converted taxable growth [property appreciation] into tax-free growth [insurance].

With housing markets ready to cool down, this strategy effectively locks in your profits. Preserving equity gains should be a primary goal of any investment property owner.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Making the best out of your property loan

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

In this era where income is not sufficient to cover the expenses whether being a household or business, everyone faces the problem of funds to meet their needs.
While taking loans, people look into different criteria. Most of the people look for the package which provides them low interest rate and easy monthly installment. One can easily get this package in secured loan.

Secured loan are the most popular loan among the asset holders. It helps the person in procuring finance against the collateral placed by them. But the amount the person can borrow depends primarily on the value of the collateral placed. When secured loan is approved, the title of the asset is transferred to the lender but the ownership remains with the borrower. But on making any default the lender has the legal right to liquidate the asset against the arrear.

Secured Loans can be used for different purposes. For instance it may include:

• Debt consolidation
• Home improvement
• Holidaying
• Buying a car
• Expansion of business
• Miscellaneous

The person can also take secured loan for specific purposes. For example, if he wants a loan for debt consolidation, he can apply for secured debt consolidation loan; if for expansion of business then business loan may be taken, so on.

One should study all the terms and condition before applying because sometimes it may contain the hidden clause. That can affect the borrower afterwards. The person should be alert while entering in the agreement.

Interest rates are dependent on the credit situation along with the prevailing market. Therefore, interest rates and monthly repayments may vary from person to person. Secured personal loan can be paid off in maximum of 25 years, depending upon the amount being borrowed.

While people with bad credit history generally have hard time getting unsecured loans, lenders are more likely to give these people secured loans because there is lower risk involved. Even if you have bad credit, banks will still give you secured loans because your property will be used as collateral. On timely repayment of installment, the persons with bad credit history can improve their credit score.

The advantages which secured loans offer are:

• Easy availability
• Easy approval
• Low interest rate
• Longer repayment period
• People with bad credit can apply

Nowadays, one can easily apply for the Secured loan through banks, financial institution, building societies and other lending companies. You can also apply online for the loan so you don’t have to leave your place. The person can fill the application form online itself. Online system provides a platform for the borrower to compare the various lenders, with more ease and saves lot of time. These lenders provide the loan at convenience of borrower.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : How to get more return on your property investment

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

Few would deny that real estate is a solid investment. It provides an attractive combination of stability, reliable cash flow, preservation of principal and capital appreciation. However, many investment property owners nearing retirement find themselves in a quandary. They are equity rich, but cash poor, with increases in the value of their property far outpacing income growth. They also are often tied down by the day-to-day issues of property management and, particularly in cities like San Francisco, California, shackled to the constraints of rent (and eviction) control. In fact, San Francisco is home to some of the lowest cash return on equity in the state's real estate marketplace, which is somewhat counter-intuitive given California's ever-booming property market.

The obvious answer is to sell the property and unleash the dormant equity, but that can be problematic. These investors face the reality of prohibitive capital gains taxes and recaptured depreciation, as well as the task of identifying an alternate investment venue; or locating, acquiring and financing suitable replacement property in the time period allowed, taking advantage of tax deferral under IRS code section 1031.

An ideal solution for many investment property owners may be to reinvest the proceeds from the sale of their property and utilize a subsequent 1031 exchange into a tenancy-in-common (TIC) ownership type, also known as co-ownership of real estate (CORE) interest in a suitable replacement property.

1031 exchanges, also known as Starker exchanges or tax-deferred exchanges, permit owners to sell investment property and defer tax payments by reinvesting the proceeds into another investment property (or investment properties). In order to completely defer the payment of tax, among other things, the replacement property must be of equal or greater value and all the equity from the sold property must be reinvested in the new property. The marriage of 1031 exchange and TIC/CORE allows investors not only to defer their capital gains taxes but also to upgrade their investment real estate.

TIC/CORE is a way of sharing ownership of property among two or more persons whereby each tenant holds an undivided interest in the property. Tenants-in-common may own interests of differing sizes. TIC/CORE investors are on the title and considered separate owners of the real estate. They share pro rata in the income, tax benefits and appreciation of the property. Their TIC/CORE interest can be purchased, sold, gifted, bequeathed by will or inherited; and it is subject to property taxes, gift tax, and estate and inheritance taxes in the same manner as any property held in sole ownership. With a TIC/CORE property, each of up to thirty-five investors have the opportunity to own an undivided fractional ownership interest in an investment-grade property, such as an office building, shopping mall, apartment complex or industrial property, costing anywhere from million to 0-plus million.

The benefits of investing in TIC/CORE properties are substantial. Such properties employ professional asset and property management, relieving the investor of day-to-day tenant headaches. More important, investors often receive greater cash flow and overall returns than they had in their previous sole ownership property. Typically, many people receive between 2-3 percent of their equity in their property in rental income. By selling this property and placing the equity into a larger investment-grade property, they can potentially experience annualized cash flow from 6-8 percent, paid monthly, and 12-16 percent overall return on their investment. Also compelling is that TIC/CORE exchange investors can diversify among several property types, and geographic locations through fractionalized ownership, while still enjoying 1031 exchange benefits on each amount. Thus, investors can potentially reduce risk in their overall real estate portfolio.

Investors seeking to exchange for a TIC/CORE property are best advised to work with a financial advisor experienced in 1031 exchanges. Such advisors work closely with top real estate providers, who give the investor access to the best properties available. In addition, many TIC/CORE opportunities have pre-arranged, non-recourse financing in place, which is perfect for investors working within the 1031 exchange time frame. Numerous hours of upfront investigation, evaluation, due diligence and life cycle planning transpires before a property is offered to an investor group. Investors faced with only a 45-day window to identify a suitable replacement property to complete a 1031 exchange can select a suitable project with confidence.

Given the tax deferral, institutional-grade quality of the property, professional property management and pre-arranged, non-recourse financing aspects, a 1031 exchange replacement property structured as tenancy-in-common ownership can be a very wise and profitable solution. It allows the investor to maintain everything they like about real estate (monthly income, preservation of principal, capital appreciation, etc.), while eliminating most of the hassles of property ownership.

(c) 2005, 1031 Exchange Options. Reprint rights granted so long as the article and by-line are reprinted intact and all links made live. This article is neither an offer to sell nor an offer to buy real estate or securities. There are material risks associated with the ownership of real estate. You must be an accredited investor. Securities offered through Sigma Financial Corporation, Member NASD/SIPC.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : What you should know before applying for a property loan

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

With your decision to acquire an income property, you have also likely considered what you want to accomplish, and over what period of time. The same criteria that are used in any sound investment strategy or financial plan also applies to income properties. Property managers typically charge a percentage of gross income. This usually varies from 5% to 10% of gross income, often with an additional charge for new leases.

Property financing comes in many types and terms, depending on the property itself. Loans on income properties are usually tailored to each property type. Often, apartments can have longer loan terms than office or retail spaces. Remember that apartments are a more stable type of investment property than commercial buildings.

Before you enter the market for a loan, you should be sure to do some necessary groundwork. Here is a list of questions to investigate and answer that will help narrow down your request.
1.How much do you need?
2.What are you going to use the proceeds for and for how long?
3.How are you going to repay the loan, and under what terms?
4.What assets can you pledge to secure your loan, which would make your loan officer sleep soundly at night, if he decides to approve your loan?

Remember, loans are the products that banks sell. Look for the best combination of price, quality and reputation of supplier.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Owning a property in Florida Miami

@PropertyGuide Report

Posted in: #miamiLuxuryHomesBlog

Owning Miami homes or any other Miami property is a dream of all. But with the advancement in age, one can easily get information about best deals in purchasing and selling one’s real estate Miami by just a few clicks. Purchasing a property in Miami is not a big task these days as there are various real estate Miami companies that provide the services of giving necessary information to the potential buyers and sellers so that they can easily manage to crack a deal. Decisions about property in Miami can be finalized by taking the help of these real estate companies Miami so that if you are buying a Miami property, you can purchase it at the best affordable rates. Likewise, if you want to sell your real estate Miami, it can be done at best rates as well.

Miami are among the favorite tourist destinations as not only the nature lovers enjoy there but other tourists as well. There are various private islands as well that contribute a lot in attracting a large number of travelers from all over the world. Miami villas can also be purchased and sold by availing the services of real estate companies Miami. Islands Miami also comprises of numerous Miami hotel resorts so that the visitors can easily lodge in these hotels and enjoy their comfort and luxury. People can also experience pure ecstasy at various 5 star hotels in the Miami. Also, as per one’s budget, one can choose from a wide range of Miami hotel resorts so as to get the best option. To get necessary details about Miami hotels or property, you can log on to ivanandmike.com and get required details.

These 5 star hotels Miami are equipped with all modern amenities so that the travelers can enjoy their stay. The best option for those who are planning to spend a vacation in Miami is to book an accommodation in Miami hotel resorts or 5 star hotels Miami so as to avail the facility of getting discounts and other exciting offers. One can also visit the official website of suitable 5 star hotels Miami to get details about their services and amenities. The ordinary Miami hotel resorts provide basic features like spa, body fitness room and swimming pool among various others. But it is advisable to check whether the selected Miami hotel resorts are offering the services of transportation.

Moreover, as Florida is a great shopping paradise, it is profitable to own a Florida property so that you can give your Florida homes on rent to the travelers at great prices. The real estate companies Miami contribute in bringing a potential buyer of seller of a Florida property for you thereby sharing your burden.

one can avail the services of real estate companies Miami and enjoy the benefits.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Property buying guide for first time buyers

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Posted in: #miamiLuxuryHomesBlog

Buying a home? It can be an exciting—and overwhelming!—process, especially for first time buyers deluged by unfamiliar processes, big decisions, and what may often seem as too many choices. Here are 4 ways to make it easier.

1. Set a budget
As a general rule, your monthly mortgage payments shouldn’t exceed 30% of your monthly gross income. However, other things have to be considered. Is your income stable? Do you expect your expenses to increase dramatically within the next few years (e.g., you’re planning to have a bigger family)?
Don’t forget the incidental costs of buying a home, often underestimated by first-time home buyers. This includes the conveyance fees, repairs, home owners insurance, council tax, even boiler maintenance. Also consider the various expenses from moving to, and settling into, your new neighborhood (transport, furnishings, connection of services, etc.).
Your budget should also include a savings reserve of 6 months’ worth of mortgage payments and household expenses—best to be prepared for any emergency.

2. Find a conveyancer.
A conveyancer is a solicitor who specializes in the paperwork, negotiations and other legal niceties of real estate transactions. This includes preparing and reviewing contracts, negotiating with the seller’s conveyancer, and making sure your interests are protected (including checking the value of the property, evaluating for any health hazards, and informing you of any requirements and how to get them).
A conveyancer can walk you through most of the details of buying a home. That’s why you need one, and also, why you should choose someone you’re comfortable with--you can ask questions, freely raise concerns, and trust him to give you the service you deserve. That’s why going to a company that specializes in real estate is better rather than one where solicitors handle different types of cases.


3. Define your preferences.
You’ll be looking at a dizzying number of houses, none of them perfect, and all of them beautiful in their own way. So how do you finally choose which one’s worth buying? Aside from the price tag, consider:
• Size and structure. How many rooms? Do you want a garden? How important is privacy?
• Location. How close is it to your office, the schools, the shopping centres, the airports? Remember to compute the change of transportation costs into your household budget. Consider also broadband access, ease of public transportation, and how future constructions will affect property value. Your conveyancer can also double check if your property is sitting near any roads that the city is planning to build.
• Condition. How much will you need to spend on repairs? Your conveyancer can arrange inspections to help you assess the real cost, and can use this to negotiate the selling price.
• Safety. Be sure to drive around the area at night, and check the Internet for statistics on crime rate. Note that living in an unsafe neighborhood can affect your insurance premiums.
• Health. Nearby chemical or processing plants can affect the soil and water. Your conveyancer can help you arrange for the necessary tests.
• Style. Modern or historical? Cozy or elegant?
• Resale value. Like any investment, your property should ideally increase in value over the years. But aside from these forecasts, factor in how easy it will be to sell the house when the time comes. For example, homes located near schools will always appeal to young families, so you won’t have any trouble finding a buyer. So it would be rather suspicious if the house you’re planning to get is too cheap. If the owner is selling below market rate, the property may not be as attractive as it seems.

4. Delegate, but stay in control.
Hiring a conveyancer takes a lot of the details off your hands, so you can focus on the more enjoyable aspects of buying a home—like picking new furniture, or planning your housewarming party. But you still need to stay on top of things. Some tips:
• Don’t hesitate to ask your conveyancer for any updates.
• Keep track of all your expenses in a small notebook.
• Buy an expandable folder for receipts and documents. Be sure to make photocopies of any important papers.
• Shop around for the best deals on mortgage or insurance, and weigh the sales hype against the credibility of the company and an assessment of your own needs and financial situation. Your conveyancer can help you look at their proposals to check for any legal loopholes.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Read property regulations carefully before making an offer on a property

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Posted in: #miamiLuxuryHomesBlog

In modern America, many neighborhoods are organized as developments. Such developments often have rules and regulations that can be surprisingly restrictive.

Read Those Regulations Before Making An Offer On A Property

Planned developments are all the rage these days in real estate. A developer doesn’t just build a bunch of homes any more. Now, they build an image of a particular type of living style. To maintain this image, the developments come with rules and regulations that can be very overbearing. If you fail to read them thoroughly before making an offer on a home, you may be in for a nasty surprise when you move in.

Rules and regulations for developments, known as homeowner association regulations, set out the specific things that can and cannot happen in a development. Issues covered range from changes that can be made to properties to issues such as landscaping. To the surprise of many homebuyers, these regulations can be incredibly restrictive.

Assume you have a hobby of growing roses. In fact, you have become an expert in growing them and who could really object to beautiful roses being grown in a yard? Well, you might be in for a surprise. Assume you move into a Spanish themed development. The roses do not really mesh with the Spanish theme. If you are unlucky, you may find that the regulations detail very specifically the type of plants that can be grown. If roses are not included in that list, you may be barred from growing yours. If you persist in doing so, you may actually be fined or have a court order entered against you!

On a more practical level, are you aware that many developments have severe restrictions regarding pets? If you own a pet, say a dog, that is a bit noisy, you may be in for a heartbreaking surprise. Many developments have clauses in their regulations that require residents to remove noisy pets from the development, to wit, you have to give fido away. Talk about an ugly surprise!

Many people like developments because they contain regulations designed to keep the neighborhood from falling apart or changing dramatically. While that is a noble goal, it is important to make sure the regulations will not actually keep you from being able to live comfortably in your home.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Difference between property tax and income tax

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Posted in: #miamiLuxuryHomesBlog

Just like in any other business, real estate investing would require you to pay different kinds of taxes. Two of which are income tax and property tax. To know the twists and turns of real estate investing, you should know what these taxes are, when do you pay them and their difference.

Income Tax

As the name suggests, income tax is tax that is deducted from your income. It is charged on the financial income of people, corporations or further legal entities. There are different systems of this kind of tax coupled with different degrees of incidence. Charging this kind of tax can be proportional, progressive or regressive.

When tax is imposed on incomes of companies, then this may be called corporate tax, profit tax, or corporate income tax. Tax from the earnings of an individual is usually charged from his total income. But in the case of corporations, the tax is usually charged from the net income of the corporation.

In terms of real estate investing, income tax comes in when you are profiting or having income from your property. For example, you have invested in a piece of land and leased it, then you would have to pay income tax from the income you get from your rentals.

This includes your gross income or all amounts that you received as rent. Rental income is considered to be any payment that you received for the use or the occupation of your property.
However, the positive side effect of charging income tax in real estate investing is that you can deduct different expenses of renting property from your total rental income. Generally, the rule is that you deduct your rental expenses during the year in which you pay them.

Expenses that you can deduct include advertising, cleaning and maintenance, utilities, insurance, taxes, interest points, commissions, tax return preparation fees, travel expenses, rental payments and expenses on local transportation.

If you are a taxpayer under cash basis, you usually report your rental income on your return in the same year that you constructively or actually received it. You fall under this category if you report income the same year that you receive it, despite the month you earned it.

Property Tax

In real estate investing, you also pay property tax. This is also known as millage tax. Property tax is said to be an ad-valorem tax, where a property owner pays depending on the value of the property being charged.

There are basically three different kinds of property. First is land, then your improvements to the land, such as buildings; and last but not the least, personality like manmade objects that are movable.

Real property, real estate and realty are all terms used to pertain to the combination of improvements and land. In real estate investing, the taxing authority usually requires or does an appraisal of the property's monetary value, and then tax is assessed in ratio to the value.
If you really want to get into real estate investing, then you should know what form of property tax that is used in the municipality you are investing in.

One common mistake that real estate investors make is their confusion between special assessment and property tax. These are actually two different forms of taxation. One is an ad-valorem tax, which highly relies on the property's fair market value for justification, while the other highly depends on a special enhancement that is called a benefit for its justification.

In real estate investing, the rate of your property tax usually comes in percentage form. To calculate your property tax, you multiply the assessed value of your property with the mill rate and then divide them by one thousand.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Things to keep in mind when buying property in Florida

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Posted in: #miamiLuxuryHomesBlog

Moving to the "Sunshine State" is a dream for many retirees, families and singles. With tropical weather in most parts of this giant peninsula, and miles of beaches, it's easy to daydream about a home with orange and palm trees, Spanish moss, and friendly neighbors. As the fourth most populous state, the dream is a reality for more than 16 million residents. If you're wondering how to pick out your dream property in Florida, then keep some of these tips in mind.

1. Florida is eclectic. It's true that some Floridians are living the lifestyle stereotype, but most residents will tell you that every community is completely different. Be sure to research the different areas of Florida to make sure you are selecting a development or town that has the atmosphere you are looking for. Life in Miami is completely different than life in Pensacola, which is more like a southern town. Gulf Coast towns and cities are known for being more relaxed, while the East Coast of Florida is a little more fast-paced. Central Florida will vary greatly on whether one chooses South-Central or smack-dab Central, and of course, inland properties are going to be more affordable than their coastline cousins.

2. Choose river and lake properties over pure beach ones. To keep from spending phenomenal amounts on insurance and property, try to live a little further inland. It's always easier to rent a beach house for a week or two, than to pour money into a beach property year-round. Buying Florida properties five miles or more inland will save you thousands.

3. Basements and extra space are rare. Wet weather and sandy soil make it almost impossible to build homes with below-ground footage. Many Florida real estate agents will suggest that their clients, who are relocating from out-of-state, trim down their belongings before arriving. Winter necessities are unnecessary for most of Florida. This is usually the first kind of belonging an agent will tell you to scale down.

4. Homeowner associations. The stereotype of the hyperactive condo board or homeowner association is a reality for many planned and gated communities, and condo complexes in Florida. If it is possible to talk to a few of the residents before purchasing a property in one of these structured developments, then do so. Try to get a feel for how the governing board conducts itself. Always read all the fine print on the homeowner association agreement, so you know what your responsibilities might be. Remember, homeowner associations are your friends not your enemies. They exist to protect your property value by enforcing the rules. Should you find the rules to be too strict for your comfort, there are always non-deed-restricted communities in which to live in Florida.

5. Get familiar with some common terminology. Most properties in Florida are built out of CBS, or concrete block and stucco that protect homes from humidity, wind and pests. Also, be sure to ask your real estate agent about Florida's Homestead Property Tax Exemptions. Many residents qualify for serious deductions on their property tax, but they have to make sure they are proactive to get them. Look for properties with school districts that have the grade rating of 'A' or 'B'. Schools in Florida are graded just like the students.

6. Check the air conditioning system. In order to counteract mold and humidity, Floridians have to make sure that their A/C system is powerful and durable. Many residents purchase service contracts with A/C specialists. Also, make sure you understand the system's warranties, and consider getting additional environmental inspections for air quality in your potential new property.

7. Florida homes are not filled with pests. We don't like bugs as much as you don't. If you keep a reasonably clean house and a regular pest control routine, you will not have a problem with pesty bugs.
Florida has a town, a coastline, and numerous attractions for people of every age, occupation and background. Consider the characteristics of each area of Florida, and then try to narrow things down to a few areas. With the right research, you can find the perfect Tampa Bay Florida real estate property in the right community for you


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Tips for investing in property

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Posted in: #miamiLuxuryHomesBlog

Property investment has a lot of potential benefits, and it can help you build up a substantial wealth, in time of course. However, property investing has some risks, and no one can gurantee that everything will go ok and that the money will build up.

Less risky than shares, property investment attracts many people and has two major benefits : the tax advantages from negative gearing and the capital growth.
Negative gearing in property investment means buying with money that came from a loan that has the annual 'rent' less than the loan interest and the expenses paid for the property's maintenance together. Doing this brings benefits from taxes and the most important thing is the interest of your mortgage.
Capital growth represents the money made from the value of your properties. This is not guaranteed, because you have no guarantees that the value of a property will raise.

If you plan on starting to do some property investing you don't have to start by investing in a place where you also live in. You can for example buy an apartment that you can then rent out. Furthermore, property investment that's done in a place which you are not going to occupy takes some of the stress and emotion of what and where to buy.
One of the first things you must consider after you've decided do perform a property investment is where to buy. It is recommended that you try to buy in a growing area that provides everything a tenant is looking for: shops, transportation and leisure.
Another useful tip if you plan on renting is to choose an apartment instead of a house because they are easier to maintain and a great part of the expenses are shared with the others.

A risk in property investment is that the value of the property you bought may decrease, and you may be forced to sell the property quickly, so consider this when buying and try to pick an area where you know you can always sell the property with no efforts.

And the last advice about buying and renting a property is that before doing the property investment you can ask a little about the history of tenancy in the area, if there are many tenants, if there are periods when the apartments aren't occupied.

After doing the property investment in a property that will be rented you can pay your 'rent' for the loan from the bank, if you got one, and when the 'rent' is finished you will no longer be negatively geared, but positively geared. This way you've made your property investment pay for itself. Not being negatively geared anymore makes you lose the tax advantages, but you should still be able to make profit.
If you want to get into property investment but you feel that you don't have the time to manage and take care of everything, you can hire a property manager that will take care of the property management for you. The fee for such a thing is somewhere around 5% of the profits, but it has many advantages, you save a lot of time and you will benefit from the experience and knowledge property managers have in this domain. These people deal with rentals and tenants daily so they know a lot about this.
Another thing you need to do is trying to keep up with all the changes that occur in property investment and property investing taxation laws.

These are the basic things you should know about property investing, if you want to start investing into property


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : How to know the real value of property for sale

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Posted in: #miamiLuxuryHomesBlog

It is very important to know the ‘accurate’ market value of your real estate. There are two ways in which one can determine the exact market value: one is through property appraisal and another is through comparable market value analysis. Usually these 2 methods are used in combination with each other in order to a make a sale price for the seller or offer proposal for the buyer.
Generally people tend to have a common misconception that market value and appraised value are same. But they are not same. The market value is almost similar to an appraisal, but it differs because a certified property appraiser does not carry it out. It is always advisable to appoint a real estate agent, realtor, or broker to update you on the current market value of the properties. A market value can be defined as the true worth of your property when it is compared to the similar houses of similar specifications. It is the price that the house would get if it were to be sold at that point in time.
The market value of a real estate property is highly influenced by the property’s condition, the year when the property is on sale, and how urgently the owner wants to sell the property. It is very necessary to compare the value of your property with the other properties in the market before putting it up for sale. This way of comparing is known as Comparative Market Analysis (CMA). You should use the Comparative Market Analysis to help you get a better view of the market value of your property.
Comparative Market Analysis is done by the real estate agent, realtor, or broker. They evaluate sales of equivalent properties to generate an informal estimate of the real estate property’s market value. Making a good approximation of the market value of your property is important when you are putting the property for sale. Doing this will give a good value for you to work with, when setting the initial sale price of your real estate property.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Owning a property in Florida what to know

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Posted in: #miamiLuxuryHomesBlog

Florida's Homestead protections are actually three distinct protections under Florida law, each with a different purpose and effect: asset protection, reduced property taxes, and protection of surviving spouses and minor children. Each is explained below.

The Florida Constitution exempts homestead property from levy and execution by most creditors. So long as the property qualifies as homestead, the amount that can be protected is not limited, which makes the Florida Homestead an excellent asset protection vehicle. Even if the purchase of the homestead was designed to defeat creditors, the protection still applies.
Under the Bankruptcy Reform Act of 2005, however, debtors in bankruptcy may lose all or a portion of the homestead protection. In bankruptcy, homestead protection is capped at 5,000, unless the debtor occupied the Florida homestead property and previous Florida homestead properties for 1215 days prior to the bankruptcy filing. Also, transfers into Florida Homestead within 10 years intended to defraud creditors may be challenged by the bankruptcy trustee.

Federal creditors, such as the Internal Revenue Service, mortgage holders, and persons holding mechanics liens on Florida homestead property are not restricted by the Florida homestead provisions.

Under Florida's Save Our Homes Act, the assessed value of a Florida Homestead is restricted to an increase of no more than 3% per year.

If a Florida resident passes away owning a Florida Homestead in his or her own name, if the resident had minor children, the minor children are entitled to the entire property, or, if the resident was married, to no less than a remainder interest in the property. A surviving spouse is entitled to no less than a life estate in Florida Homestead property. The homestead provisions can be a trap for the unwary, especially for those with estate plans drafted while a resident of another state. For example, a person owning a house in New York and a condominium in Florida may have decided, while a New York resident, to leave the house to his spouse and his condominium to a daughter from a first marriage. If the person retires to Florida as a resident and then passes away, his spouse will inherit the house under the terms of the will and then be given a life estate in the Florida condominium.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : The unique appeal of owning a Miami beach realestate property

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Posted in: #miamiLuxuryHomesBlog

Miami Beach is a city in Miami-Dade County, Florida. Miami Beach has always been one of America's finest beach resorts for almost a century, and the city is often referred to under the umbrella term of "Miami," despite it being a separate municipality, making Miami and Miami Beach two separate cities. As of the 2000 census, the city had a total population of 87,933, of which 55.5% of the population was foreign born.

New Upscale Projects Make It To Forbes’ Lists

For prospective Miami real estate investors, it would be nice to know that a new Miami Beach condominium development has made it into the top 10 places mentioned in Forbes’ feature story "Where We Want To Live In 2006.” The list includes such large development projects, like Donald Trump's new 5 million Palm Beach estate and Ian Schrager's nearly-finished Gramercy Park in New York where some million-units are on offer. Canyon Ranch Living, a upscale new real estate development in Miami Beach makes the cut because of its deluxe spa services in a 70,000-square-foot Canyon Ranch Spa as well as the elegant amenities, common to the 10 listed, that take luxury living further into a hedonistic fantasy land.

New Construction Remodels Miami beach Skyline

If one compares the skyline of Miami Beach just 10 years ago with how it looks today, you probably would fail to recognize some of the city’s districts, other than the art-deco strip or the beach, since most of the skyline today is still littered with construction cranes working on various real estate developments. However, most would say that there has been quite a slowdown; or is the property market just taking a bit of a rest after the flurry of new projects?

A lot of new Miami Beach real estate developments are ongoing at the famous South Beach district, also known as SoBe, or The Beach. This is one of the most popular areas of Miami Beach. Topless sunbathing is allowed on certain designated zones of the beach. Before the TV show Miami Vice made the area popular, SoBe was under urban blight, with vacant buildings and a high crime rate. Today, it is regarded as one of the richest commercial areas on the beach. Miami Beach, particularly Ocean Drive of what is now the Art Deco District, was also featured prominently in the 80’s Al Pacino movie, Scarface. Lincoln Road is a famous worldwide for its great outdoor dining, bike riding, rollerblading and shopping facilities.

The Flurry Of Investors Just Keeps Rolling

Residents, both full-time and seasonal visitors, have nearly taken over Miami Beach, thus lifting housing prices into the heavens and demanding more services that tourists never did before. Miami Beach’s full-time population jumped from almost 88,000 in 2000 to more than 93,500 in 2005, according to data provided by the city. Seasonal residents have risen from 14,339 to more than 20,000, and the population is not the only thing swelling: The median household income in the city was up ,420 in 2005, up from ,322 in 2000.

“The growth right now has been higher than previous historic standards, but I think clearly the demand is there,” according to Kevin S. Crowder, the city’s director of economic development. Demand for everything from goods and services to entertainment to million-dollar condominiums continues to rise, according to most Miami Beach business owners.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : The luxury of owning a Miami beach realestate property!

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Posted in: #miamiLuxuryHomesBlog

Miami Beach is a tourism and property mecca for Americans and foreigners, and the market keeps on growing. Miami, along with Miami Beach, has been recently dubbed as the “New Manhattan” by media and property developers, and the Greater Miami association of Realtors notes that the property boom will add more than 100,000 homes to the area.


A huge chunk of the upscale properties being developed are built with foreign buyers in mind, as exchange rates look more favorable in Europe and elsewhere, and buyers are considering that since prices are rising, they see investing in Miami Beach real estate a prospectively profitable one.

A City Flowing With Diversity

The city of Miami Beach, located on the eastern coast of the southernmost tip of Florida, is a diverse and complete vacation destination for tourists who enjoy year-round sunshine, wonderful Art Deco designs, glittering and vibrant night life, famous dance clubs, and a wide expanse of beautiful beaches. It also makes a perfect home for potential residents who want to savor living in a city flowing with diverse cultures and traditions, sunny skies, and a wide array of employment opportunities as well as good housing choices.

Miami Beach is considered as one of the most appealing cities in the world due to the many cultural amenities they offer to prospective home-buyers. The city proudly boasts a sensational hotel strip, elegant estates, and a wide variety of recreational conveniences. Its beaches have been on many occasions voted as one of the top 10 beaches in the world. The lure of owning property in Miami Beach has not only mesmerized locals, but has also been a magnet for out-of-towners and overseas investors.

Real Estate Options Are Diverse As Well

Miami Beach’s environs contain an expanse of nine miles of sandy oceanfront beaches lined with palm trees, and along that coastline lies a thriving community of condominiums, apartments, and family homes, as well as an assortment of clubs, restaurants, shops, hotels, and businesses.

A prospective homebuyer can decide between owning stylish apartments, 1, 2, 3 or 4-bedroom condominium units, or acquire a large beachfront estate. The healthy mix of housing options here offers a collection of wonderful styles, sizes and price range choices, and nearly all housing or upscale property units here offer a fabulous ocean or Intra-coastal waterway views.

For the real estate and property business, location is key. This also holds true for Miami Beach as well. The city is one sunny beach vacation resort, as well as being a cosmopolitan city famous for having one of the nation’s largest historic districts. One of its districts, South Beach, is well-known for its Art deco district and its vibrant night-life. North Beach is a new, trendy area identified for its unique architecture, “chic” cafes and its stress-free environment. With the diversity the city affords, owning a Miami Beach property offers future homebuyers the luxury, comfort and elegance that the area is famous for, as well as in providing a healthy and rewarding real estate investment.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : How to find the best possible beachfront house

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Posted in: #miamiLuxuryHomesBlog

There is nothing more relaxing than having a week or two to spend at the beach. Vacation homes are a wonderful change from staying at a large or impersonal motel or hotel, plus they have the added convenience of being close to or even right on the water, having all the amenities of a house, as well as being much larger than a hotel room or even a suite would be.

Many of the beach vacation homes available offer all the features of a hotel vacation. If you are considering a rental and are going through an agency or property management company, it is usually possible to have a rental car provided for you upon arrival. In addition, many companies and agencies can also offer bonded and professional cleaning staff, chefs and even tour guides that will personalize your beach vacation and really make it a holiday for everyone in the family.

If you would prefer to just be able to relax and enjoy the warm weather, beach vacation homes can offer a quiet, stress-free holiday environment. To ensure that you get the best possible rental property, be sure to check the following:

1· Ensure that you know the full amount of the rental and any additional expenses that may be included. Most beach vacation homes, especially those that are right on the beach or at the water will book up at least one season in advance. Holiday times such as summer vacation, spring break and even Christmas holidays may be booked several seasons in advance.

2· Before sending a deposit or providing a credit card number for a deposit or reservation, fully understand the cancellation policy or any insurance that you may need to have on the property.

3· Whether you are renting beach vacation homes from an individual or a company, be sure to get everything in writing before supplying a deposit or credit card information, especially if you have not rented through the company or from the individual before. A verbal agreement is not binding or legally valid in a court but a written, signed contract is a legal document.

4· Finally, check the area in which the beach vacation home is located. While property right on the beach is great in quiet or secluded places, on busy beaches it can be a bit more stressful and noisy, especially if you are wanting a quiet vacation spot.

Doing some advanced research on beach vacation homes is simple through the internet or making a few phone calls. Planning your vacation is half the fun and knowing what you want and finding just the right beach vacation homes makes the holiday perfect for the whole family.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Are you interested in taking a beachfront vacation house?

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Posted in: #miamiLuxuryHomesBlog

Are you interested in taking a Miami vacation? Better yet, are you interested in staying in a beachfront vacation home? If so, have started looking for available homes? Depending on where you search, you may be surprised with what you find, and not necessarily in a good way. Although beachfront vacation homes are well worth the prices that they are being rented out for, you may find some of those homes difficult to afford. However, there is good news. That good news is that there are a number of different ways that you can go about trying to find Miami beachfront vacation home deals; deals that may make renting a beachfront vacation home more affordable.

When looking to find a Miami beach front vacation home, especially one that is being offered at a decent price, you need to start searching. The best way to find the greatest deals or the most savings is by comparing prices, such as how you compare prices at your local supermarket. You will want to find a collection of Miami beachfront vacation homes, vacation homes that peak your interests, and then record their rates. Actually writing these rates down may make it easier for you to compare them. Once you have found a fairly large number of Miami beachfront vacation homes, you will want to compare all of the rates that you were given. If you are looking for an affordable beachfront vacation home, you will want to go with the one that charges the lowest amount of money.

Although it sounds relatively easily to compare the prices of Miami beachfront vacation homes, you may have a problem finding those homes, especially if you do not plan on using the internet. If you have internet access, you can easily perform a standard internet search, often with the worlds Maui beachfront vacation rentals. Your internet search will likely return a number of results; results that include Miami beachfront vacation homes that are available for rent. Documenting those home and their rates, will give you exactly what you need to make price comparisons.

Despite the fact that a standard internet search can give you the results that you are looking for, you may want to take a different approach, an easier approach. Instead of performing an internet search, to find Miami beachfront vacation homes, you are advised to use an online travel website, particularly one that deals with Miami vacations. An online travel website will allow you to search through a large number of Miami vacation homes, including beachfront homes. What is nice about using a travel website is that you can find what you are looking for all in one place. Essentially, this eliminates the hard work associated with having to find Miami beachfront vacation home deals. You may also even be able to find side by side comparisons, making your work even easier!

It is also important to keep the rest of your reservations in mind, when trying to book a stay at a beachfront vacation home. You can easily save money by booking your beachfront vacation home reservations separately, but you may also save money by booking all of your reservations together.

Regardless of how you familiarize yourself with available beachfront homes, you are advised to still compare prices. When searching for the best vacation deals, price comparisons will help to prevent you from paying more money than you need to.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Beach life of Florida and Miami

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Posted in: #miamiLuxuryHomesBlog

Visitors are drawn to Florida as a result of the states ideal climate, beautiful beaches and warm waters. The beaches and waters that surround Florida not only offer excellent relaxation opportunities, but also provide many water activities such as fishing. Florida also offers vacations for the family with their Disney World attraction and the site of Cape Canaveral along the space coast which features the space shuttle launch pad.

On the southeastern coast of Florida there is the top visitor destination, Miami. This city offers an excellent tropical climate and landscape. Another reason many come here is because of the wide cultural diversity. Miami offers visitors a wide selection of museums, nightclubs and outdoor activities so you are sure to find an attraction you like.

The next largest visitor center in Florida is Orlando which houses about forty-five million tourists a year. The major attraction of this city is the Disney World theme park. Although the city also offers other theme parks including Universal Studios. In addition the city of Kissimmee is located very close by and offers a variety of outdoor activities such as hiking, biking, camping, fishing and boating. In downtown Orlando you will also find the Orlando International Fringe Festival which features over five hundred different theatrical and performing arts shows. Orlando is truly the place to go if you want to do a variety of activities.

For the ultimate travel experience in Florida it is best to stay at a resort or spa if you can afford it. In Orlando an excellent option is the Hyatt Regency Grand Cypress Resort which offers many excellent luxury benefits. One of these is a half-acre pool that features a dozen waterfalls. In addition this hotel offers extras such as three spas, twelve tennis courts, four golf courses designed by Jack Nicklaus and a natural walk in a forty-five acre park setting.

Of course you can never travel to Florida without visiting at least one beach. The most world renowned beach is South Beach which is actually the Lummus Park Beach. If attending a party is something you like then this is the beach for you to visit. Another excellent beach option is the Canaveral National Seashore which is located near Cape Canaveral. This is a nice protect piece of coastline between the Daytona Beach and the Kennedy Space Center. This is a wonderful stretch of twenty-four miles of beauty that you can visit if you just want to relax and soak up the sun for a few hours.

The final option when it comes to beaches is the Gulf Islands National Seashore in Pensacola. Much of this area has been preserved in its undeveloped state. You can come here to just relax or enjoy the many species of birds that flock to this area every day.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Want to live or invest in Miami Beach property?

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A lot of people have many reasons for moving to Miami Beach, and these include the sunny skies, diverse culture and wide array of employment opportunities. No matter what the reasoning behind their moves, everyone runs into the same logistical challenges.

Most likely, a prospective homeowners' first priority is choosing a place to live. Whether you plan to rent an apartment or purchase a luxurious mansion, your home search is probably best started by selecting a neighborhood. The Neighborhood Guide from the Greater Miami Convention and Visitors Bureau is a great venue to start looking. Once you've selected an area or two, take a look at the Apartment Hunting and Real Estate subject pages to locate the home of your dreams.

Blessed with year-round mild climates and unrivaled ocean access, America’s southernmost resort city is also a sought-after international recreation destination. Ranked as one of nation’s healthiest cities by Natural Health Magazine in 2002, Miami Beach caters to visitors from around the globe with some of the world's top golf, tennis and sporting facilities.

Tourism is growing and so is the Miami property market, which was dubbed the New Manhattan by the US property media. The Greater Miami association of Realtors states that the Miami Beach property boom will add more than 100,000 homes to Miami. A lot of these Miami real estate properties are built with foreign buyers in mind. Exchange rates at present are favorable in Europe and with 28 per cent rises in prices in one year the time to buy Miami Beach property is now.

There are quite a number of good reasons to owning a Miami Beach or South Beach condominium or residential unit. The azure-blue Atlantic waters off the coast brings warm breezes and gentle waves to the coast, offering a relaxing freedom from the hustle and bustle of many urban lifestyles, and by night, the ocean settles and these cities come alive with fabulous food and endless entertainment options. All of this relaxation and entertainment are just outside the front door of a luxury Miami Beach or South Beach condo or apartment unit.

You should consider owning a Miami Beach or South Beach property if you're a boating enthusiast who would like more time on the water and less time fighting gridlock to reach the marina, a rabid sun-and-sand lover who prefers a quick walk to the beach, a fun-loving nightclub fanatic who still knows what happens after midnight, or a a busy executive who wants the exotic lure of a tropical getaway without picking up a passport.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : How and why to find a real estate agent in Miami

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How and why to find a real estate agent in Miami

A real estate agent can not only help you in finding the right home at the right price but the real estate agent can help you make the buying process run smoothly and easily.

But of course, you need to have the right real estate agent. In order for you to have the right real estate agent, ;you have to spend some of your time doing some research and asking several questions that you need. As soon as you found the right real estate agent, you will be very glad that you need that time in finding that person.

Before you actually get started in looking for Miami real estate home, as a home buyer you need to educate yourself first. You need to know everything about the buying process. It is advisable not to depend all of these things to your real estate agent. You have to take time in finding out about the market and knowing some strategies that can aid you in your quest. This can help you found out for yourself how reliable, trustworthy, competent and honest your real estate agent is. The more you know the better it is. But of course, having a real estate agent is still a good way in making the process run smoothly since there are things that the real estate agent knows that you do not. Actually, a real estate agent can get combinations and keys for viewing properties quickly than you do.

In your search for real estate agent, you have to make sure that he/she is very much familiar with Miami real estate market. The real estate agent should know the area and community that you wish to purchase a home or property. It is advantageous that you hire a real estate agent that has a huge knowledge about the area and as well as the current market value. The right real estate agent can aid you find the best property and can make you save thousands of dollars.

In finding a real estate agent, you can ask for recommendations from family and friends. Then you have to contact few real estate agents and schedule them for interview. In there interviews, you have to take time in asking few questions. You have to ask and know how long they have been in real estate. If they work full time and how familiar they are about the market. You also have to ask about their experiences in real estate. Asking questions such as how many sales have they worked with last year, the price range of those homes they sell, how often they have worked with a buyer or a seller and so on.

You have to find and have a real estate agent that is communicative, honest, trustworthy, and well-educated. Finding the right real estate agent can aid you in finding the best property in Miami real estate and can give you a smooth and perfect real estate experience. Shop around for the right real estate.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Tips For Selling Your Home

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Tips For Selling Your Home

Unlike other things that you may own, you can never take selling your home lightly. A house is a big commodity, one that is worth a lot of money. Before you even think about selling your home, you should put a lot of thought and consideration into it. Although you may want to sell your home - you should make sure that you do it the right way.

The first thing you should do when you are thinking of selling your home is to hire yourself a qualified real estate agent who knows the neighborhood. An agent who knows your neighborhood will known the ideal price for your home, and help you sell it at the ideal price. If your home is priced right for the neighborhood, chances are it will sell. If it is priced too high, you might not get any offers or anyone interested in buying the home.

Once you have a real estate agent, you and your agent will need to develop a strategy. Youll need to decide on the price and how long you will leave it on the market before you think about a reduction. Youll also need to discuss his commission as well, which will help to avoid any misunderstandings in the future. If you talk about these types of things when you first start out selling your home, youll find the entire process to go much smoother.

In some cases, you may run out of time before you are able to sell your home. In this situation, you may want to rent out your home. When you rent out your home, you may also be able to strike a deal with renters that your home is available for showing. To make the house accessible to potential buyers, you may want to offer your renters a lower price. This way, they will be more inclined to make the house available for potential buyers.

Keep in mind that selling your home will take you some time. You can also sell it yourself if you prefer, without a real estate agent. This can save you quite a bit of money as well, as you wont have to pay a real estate agent. If you are planning to go this route, you should make sure that you know the value of your home and you know the neighborhood. You can put a for sale by owner sign in the yard, and list your home in local newspapers, and on the Internet as well. This way, youll get your home out to the market of potential buyers. Homes that are for sale by the owner are always great for buyers - as they can deal with the owner directly and not have to worry about dealing with any real estate agents.

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story : Condos - the new real estate trend

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Condos - the new real estate trend

Today, one of the hottest commodities in real estate is the condo hotel. Bridging the gap between traditional condominiums and hotels, the condo hotel presents the best of both worlds: luxury accommodations in highly desirable locations along with upscale shops and restaurants. As an example, let's look at the Blue Rose in Orlando, Florida.

Currently in the pre-construction phase, the Blue Rose will consist of three towers housing 256 condominiums and 1,284 condo hotel suites. It will offer everything from lofts and one- and two-bedroom units to 3,000 sq. ft. penthouse suites. The property will be a resort oasis, with a promenade, European cafes, five themed restaurants, private pool cabanas, and a 1,000-seat theater.

The investment opportunity presented by condo hotels is unprecedented. Indeed, most new properties sell out in the pre-construction phase. In doing so, investors are able to obtain lower prices, secure many of the best units, and gain appreciation on their investments before ground is even broken.

Many people opt to purchase a condo hotel not only as an investment, but also as a vacation home. Generally, condo hotels provide first class accommodations in highly desirable locations. When the owner is not using the property, the condo hotel unit can be rented out to tourists. Typically, the owner doesn't have to take responsibility for renting, managing, and maintaining the unit, making the process free of the headaches and hassles of owning other rental properties.

Like any real estate investment, the key is location, location, location. For example, the Blue Rose Condo Hotel is located in Orlando, Florida, one of the hottest housing markets in both the United States and the world. Recently, analysts have reported that Orlando property is undervalued by as much as 30 percent when compared to other major U.S. markets. That, together with an average hotel occupancy rate of almost 80 percent and 40 to 55 million annual visitors, makes Orlando condo hotels prime investment opportunities.

It's easy to understand why Orlando is such a desirable destination. After all, Florida boasts 300 days of sunshine a year, over 1,000 miles of coastline, and an average temperature of 70 degrees. And Orlando is the center of family-friendly theme park destinations. Walt Disney World was first on the block, with 28,000 acres of family fun. Universal Studios and Sea World round out the top three, again with thrills for the whole family. It's estimated that it would take you over two months of eight-hour days to experience Orlando's 95 attractions. It's clear why tens of millions of tourists visit Orlando each year.

It's equally obvious why investors are flocking to buy property in Orlando. Condo hotels, like the Blue Rose condo hotel, are the latest real estate investment trend in hot destinations like Orlando. Between the theme parks, the world-class restaurants, the golf courses, and the opportunities to engage in water sports, Orlando investors are seeing phenomenal returns on their investments.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Buying home in Dunedin Florida

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Buying home in Dunedin Florida

Dunedin is a great place to live. It is one of the older cities on the western part of Florida and its downtown has been transformed into a haven of little shops and great restaurants and nightlife. Walking magazine recently named Dunedin one of the five most walk able downtown areas in America. Dunedin is a very desirable city to buy real estate in.

You can enjoy the waterfront view from your front porch along the beautiful Bayshore Boulevard overlooking the Gulf of Mexico or from a condo along the Dunedin Causeway. Some of the more exclusive homes are found in Dunedin Isles or Baywood Shores, running close to .5 million. Breathtaking waterfront condos can be found in Harbor View Villas or Victoria Shores just to name a few, priced around .5 million. There are many different types of subdivisions in Dunedin that will suit a variety of lifestyles on or off the beach. Any Dunedin neighborhood is only a short bike, walk or drive from the beach. The Dunedin Marina and park is at the west end of downtown and a great place to enjoy a beautiful sunset.

We enjoy spending the day at Caladesi and Honeymoon Island parks, where we enjoy swimming, fishing, picnicking, canoeing and walking the nature trails. You can only get to Caladesi Island by boat or on foot so you can enjoy the unspoiled beauty of the island without the sound of car motors and horns.

We also enjoy biking, rollerblading and walking along Dunedins 4.2 miles of the Pinellas Trail, which is a 15 foot wide trail running through the St. Petersburg, Clearwater and Tarpon Springs areas. This trail is widely used and is a wonderful way to get to Downtown to meander through the many shops or grab a bite to eat.

We also enjoy the many events that Dunedin has to offer. We enjoy the Scottish Highland games, watching the many throwing competitions, learning about Scottish and Celtic culture and enjoying the Highland Dancing. Although far away from New Orleans, Dunedin offers a Mardi-Gras festival and parade which we also enjoy each year. This festival has brought in over 25,000 people and is one of the most popular events that we look forward to. During the spring months, we enjoy Friday Night Films in the park, where we can bring a picnic and enjoy classic movies. Dunedin is also the winter home to the Toronto Blue Jays where we may take a day off work to spend the day watching one of Americas favorite pastimes.

If you enjoy water sports or the outdoors, Dunedin property is for you. And Dunedin is centrally located to Tampa, St. Petersburg and Clearwater and is only 90 minutes away from Disney World and Sea World which are in Orlando, Florida. Dunedin is a great place to call home or buy real estate with all it has to offer.


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story : Real estate investment in southern states

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Real estate investment in southern states

Alabama is undeniably a stereotypical southern state, but the state and real estate market hold undeniable surprises.

Alabama

Alabama is distinctly southern and darn proud of it. If you have a taste for college football, country music and NASCAR, Alabama is a paradise defined. To the surprise of many, Alabama also has a more modern flavor with Huntsville being the home of a major chunk of the U.S. Space Program. For golfers, the collection of golf courses winding through the state, known as the Robert Trent Jones golf trail, make Alabama one of the top golfing destinations in the continental United States. Personally, I prefer the annual iron bowl college football war between the Auburn and Alabama universities, but to each their own

Huntsville

Home to the U.S. Space and Rocket Center, Huntsville is undoubtedly the pyrotechnic capital of the south. With a distinct southern charm, the city is laid out well with parks, botanical gardens, lake areas and a close proximately to numerous outdoor activities such as fishing, hiking and hunting. While many cities make a haberdash of mixing in the new with the old, Huntsville gets it just right.

Mobile

Pronounced Moe beel, Mobile is a busy port city with a little known history. If youve ever thought of going to Mardi Gras in New Orleans, youre better off going to Mobile. Yep, the city was the first to celebrate Mardi Gras in the United States and maintains the tradition to this day. In fact, Mobile looks striking like New Orleans, having been established by the French. It is a beautiful southern city, with spring being the best time as a bevy of flowing plants awaken from their winter slumber. The colors and fragrances are simply amazing.

Alabama Real Estate

Alabama real estate prices are very reasonable when compared to the rest of the country. Throughout the state, an average home will run you 0,000 or less. The appreciation rate is a little low, but still a respectable 7.5 percent for 2005.


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story : Determine The Listing Price

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Determine The Listing Price

When it comes to buying a home, most potential buyers will use the listing price to as the number one factor to determine the homes that they look at. Even though you and a realtor may determine the asking price, the buyer will determine the selling price. If the price is too high, most buyers wont give it a second thought - which is why you want to determine the listing price carefully.

If you set the correct price, youll notice a much faster sale. Setting the right listing price will also attract more potential buyers to your property as well. Youll also notice an increase in response from realtors, and receive more calls about the property. The listing price is very important - and it can ultimately determine whether or not you sale your property.

A home can be overpriced due to several reasons. Overpricing is something you want to avoid, as buyers tend to steer clear of homes that have been overpriced. Normally, this happens when a buyer asks a lot more than the home is worth or valued at. Some buyers ask a lot more than the value of the home due to location. Although the location is very important, most potential buyers wont give the home a second look if they think the price is too high - and more importantly out of their price range.

When you put your home up for sale, most activity will happen within the first couple of weeks. If you put the right price on your home, youll notice immediate interest. There are always buyers looking for homes in their price range, waiting for new homes to be listed or homes to be reduced in price. Buyers who are waiting to purchase may miss seeing your home completely if the price is too high.

To determine the listing price of your home, you should always have it appraised before you put it on the market. This way, youll know the full value of your home. You can sell it for market value or go a little under, although you should never attempt to go way over the value. In doing so, youll miss out on a lot of potential buyers. The home market is very competitive these days, which is why you want your home to draw as much interest as possible.

Keep in mind that realtors really have no control at all over the real estate market, only the plan behind marketing. Realtors dont determine the asking price - the seller does. You can ask a realtor for advice, although you are the decider of your listing price. If you do things right and take each thing step by step, youll set the listing price in the right area and have no problems selling your property.

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story : 7 steps to becoming real estate agent

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7 steps to becoming real estate agent

Most real estate agents want to be extremely successful. Goals are set and then the hard work begins to reach those goals. So what steps can you take to skyrocket your success as a realtor? Here are 7 powerful steps that will get you on the road to success:

1. Realize your Potential

In order to succeed as a real estate agent, you need to see that you have the potential to reach your goals.

2. Dont Look Back

Everyone has failures or mistakes from the past. To have success in the real estate industry, you need to learn from those past mistakes and learn valuable lessons from them. After doing so, simply move forward and make better, more educated decisions from the lessons learned.

3. Dare to Dream Big

To succeed as a realtor, you need to have big dreams and aspirations. Be honest with yourself as to what you want out of life and what you want to give of your life. Allow your mind to dream and think big!

4. A Powerful Business Plan

Create a powerful business plan that will organize your strategies. This plan will be the blueprint to your success. The business plan should include prospecting, listing strategies, prospect follow up techniques, networking ideas, and ways to boost customer loyalty.

5. Dont Give Up

To reach success as a real estate agent, you must persevere through difficult times. Even Thomas Edison had to learn this. When he was inventing the incandescent light bulb, it took him more than 10,000 times to get it right. Keep striving even when the challenge seems to be overwhelming.

6. Have an Unstoppable Attitude

You need to have determination in order to succeed as a realtor. Be wary of close friends or family members that feel it would be better if you focused your attention in another direction or career. Uphold your unstoppable attitude, determined to succeed.

7. Stop Complaining

You might think there is no correlation between complaining about you difficulties and success, but there is in fact a connection. When you spend time complaining about the obstacles you are facing in you real estate career, you're wasting so much time being negative that you are actually missing out on chances to move your career forward. Don't think of challenges as problems, think of them as opportunities.


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story : Buying French Homes

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Buying French Homes

The country known as France offers investors a great opportunity to benefit from the ever increasing property values. France is very fortunate to have a stable housing market, which will continue to stay that way for years and years to come. The low property prices are always an attraction to the area, with strong growth and prospects to keep the overseas home buyer coming back for more. For anyone interested in overseas real estate - France offers plenty of benefits.

The property in France is easy to access, with many ways to reach the shores. In most cases, you can get there easily for a very cheap price. As many know, France is famous for their transport system, which includes high speed trains that travel to most of the regions. There are also ferries that cover the area, including low cost flights as well. Once you buy a home in France, youll quickly become accustomed to the lifestyle there.

A lot of people who decide to buy a home in France, do so because of the surroundings. Buying a home in France is more than just the house, as youll get a chance to experience the finer things in life. France has several romantic attractions, which makes it perfect for married couples looking to spend their life together. Throw in some great drinks and relaxation, and France has all of your activities covered - along with a beautiful and spectacular house.

Unlike other regions throughout the world, France has one of the most established legal processes, one that has been proven time and time again over the years. Locals view the legal system as safe, as it helps for those who are interested in French property. As you can tell, French real estate is very different from that of the United States.

Although there are many locations overseas that you can invest in, France is actually preferred to be one of the best. France is known as a nation of renters, with plenty of real estate available for purchase. If you choose to rent out your property, buying in France will pretty much mean that you wont have any problems renting. There are always people looking for vacation rentals and such in the area, making it perfect for investors or those looking for a second income.

Unlike other real estate locations, France offers you mountain snow complete with maritime living. France is a massive region, with plenty of houses to choose from. If youve been looking for overseas real estate, France is a location you cant go wrong with. There is always something to do here, and plenty of things to see. As a second home or as a way of life - France represents an amazing and cultivating lifestyle that you simply must see to believe.

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story : Broward County Real Estate - Best in Florida

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Broward County Real Estate - Best in Florida

Located in the state of Florida, Broward County is the second largest county in the state in terms of population. According to the most recent estimate the area had a population of more than 1,785,000 people. Fort Lauderdale is the county seat of Broward County. This area is one of the constituents of the South Florida Metropolitan Area. This county has an area of about 1,300 miles sq. and two-thirds of its area lies in the undeveloped Everglades conservation region.

The history of the county goes back to the year 1915, when it was created. Two counties, Palm Beach County and Dade County, contributed equal portions and thus came about Broward County. It was named after Napoleon Bonaparte Broward, who acted as Governor of Florida from 1905 to 1909. Presently Broward County is bordered by Palm Beach County to the north, Miami Dade County to the south, Hendry County to the north-west and Collier County to the west.

Broward County is served by the Broward County School District. It is presently the fifth largest school district in the US and the second largest in the state of Florida. Besides having the advantage of an extensive network of schools, colleges and universities, the place is also home to one of the largest public library systems in the country named Broward County Library comprising 37 branch locations. Fort Lauderdale, Pembroke Pines, Miramar, Hollywood, Coral Springs and Sunrise are all part of Broward County Real Estate.

In terms of transportation, Broward County scores well since three major interstate freeways consisting of Interstate 75, Interstate 95 and Interstate 595 operate in it. Apart from this a street grid runs throughout the countys area. The Sawgrass Expressway is the basic east-west connector. Good infrastructure in the area is one of the biggest reasons why the economy is doing well commercially. Fort Lauderdale International Airport is known and admired worldwide.

Broward County Real Estate is gaining ground as there are currently 2,271 homes available for sale in Fort Lauderdale, 1,424 homes in Pembroke Pines, 1,767 in Hollywood and 1,515 in Miramar. Broward County economically depends most on the manufacturing sector for subsistence. A range of durable goods like furniture, machinery, transportation equipment etc. and non-durable goods like paper, apparel and chemicals are produced here. Broward County enjoys the best real estate in Florida due to its excellent weather, beautiful beaches, and most friendly and tourist oriented government that are always encouraging an influx of both domestic and international tourism. The economy also has a strong retail trade base with building materials and general merchandising leading the order.

A flourishing economy has prompted real estate trade to grow immensely in the area. Rate of growth of employment is high in Broward County, predominantly because of the service sector. Unemployment rate is very low in this part of the US, most people being self-employed and some being in Government jobs. This is definitely a reason why more and more people are making Broward County their home. Broward County real estate is very popular and in 2008 is expected to continue to rise.


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story : Different types of real estates

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Different types of real estates

The fastest growing commodity in the United States is real estate. In 2005, it increased in value by 12% compared to other goods and services that increased by only 4.5%. With such a high return on their investment, many people are purchasing real estate instead of stocks and bonds.

Some investors choose to invest in run down properties. They buy for a low price and hope to sell for a higher price once the necessary improvements to the house and yard are made. Many investors choose to do the repairs themselves, saving on labor costs. Others hire contractors to do the work. Either way, it is expected that the cost of repairing the home will increase its value. The new value is anticipated to exceed the original cost plus the cost of repairs. If the owner can rapidly sell the property, he/she can recoup their investment, make a profit and move on to another real estate purchase.

Other investors purchase properties that are vacant and require little repair to make them marketable. These houses can be resold or rented out. Here the owner has made the decision that the investment will be reimbursed over time. The monthly rent on the property must exceed the owners monthly payment on the loan. In the case of property rentals, the owner assumes responsibility for maintaining the property. He/she will act as the landlord, collect the monthly rent, make any necessary repairs, and handle the paperwork for obtaining tenants. If the owner does not have the time to invest in being the landlord, he/she can pay another person or real estate agency to act on his/her behalf. This saves the owner time and aggravation but it costs money to pay the substitute landlord a salary. This has to be figured into the rental price. Thus the monthly rent should be the monthly cost of the loan plus the monthly cost of maintaining the property plus the cost of the landlord plus a profit for the owner.

Sometimes an investor may choose to buy an apartment building or condominium complex and rent the individual units out. Here the formula for determining the monthly rent should be the monthly cost of the loan divided by the number of units for rent plus the monthly cost of maintaining the property plus the cost of a landlord plus a profit for the owner. If any units are vacant, the owner must make up the difference in the loan payment owed that month. This can be quite expensive if the units remain vacant over time or the number of vacant units grows in number.

There are times when the housing market has slid. This is called the bubble effect. Prices go up until, at last, they burst like a bubble and begin to decline. This can be a serious problem if you have all your money tied up in real estate. If you were depending on your new property to earn enough equity to make you a profit and the value of the property fails to increase or decreases, you may be in financial trouble. Make sure in advance that you can make your monthly payments. You should not depend entirely on the equity to make your payments. Financial experts suggest that, if you dont have to sell the property and you can make the payments, dont sell. Wait it out and see if property values rise again.

Financial experts say that an informed consumer will know what is happening in the market place and be prepared for it. Instead of borrowing again to meet the downturn in real estate, they recommend that you cut back on your expenses where you can. Use the extra money to step up payments and reduce the amount of the loan.


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story : 4 steps to real estate success

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4 steps to real estate success

Real estate investing is always good and sometimes it's red hot. When it's hot dozens of real estate seminars begin rolling across the country and thousands of people spend thousands of dollars for investing education.

It's startling to learn that of all those thousands of eager folks who attend these seminars only about 5% buy even one investment house. Why? The real estate gurus sell the "sizzle" and make profiting from real estate sound easy. The truth is that it's simple, but not easy.

Here's a quick plan that will enable anyone to begin building financial independence.

There are basically four steps to investing in single family homes:

1. Buy homes below full market value. Yes, people really do sell homes for less than the home's full value. The key is to understand that most home owners will only consider a purchase offer that is all cash and within 5% to 10% of their asking price.

The successful investor learns to find financially distressed home owners who have no choice but to sell for less than market value. They have lost their job or been suddenly transferred; they are divorcing; they been living beyond their income; the family has been overwhelmed with medical bills and, not uncommonly these days, their money has gone to support a drug habit.

Those are examples of motivated sellers. They have to sell and they will accept something other than a conventional, all cash offer.

2. How do you find motivated sellers? You work at it! Like any business it is important to develop a little marketing plan. One that is simple, yet very effective, is the one that was proven 75 years ago by the Fuller Brush company; door to door sales.

You are selling your skill as a home buyer to people who must sell. Your are there when they need you and you have the skill to help them solve at least part of their problem. With door to door prospecting you will learn more and buy more homes quicker than any other method. However, most people just won't walk door to door for three or four hours per week. OK, there are other ways.

You can watch public notices for the announcement of foreclosure sales. Meeting with a home owner right after they've received a notice that they are about to lose their home allows you to deal with a very motivated seller. Other public notices that provide buying opportunities include probate, divorce and bankruptcy. You can follow the Homes For Sale listings in your local newspaper or Internet site.

You can telephone the names found in these notices or, and this is the least time consuming, send a postcard expressing your interest in buying their property. It will produce buying opportunities, just not as many as personal contact.

3. After you've found a motivated seller you must understand how to frame offers that provide benefits for both you and for the home owner. A good real estate investor quickly learns that this is not a business of stealing property, but of solving problems in a way that benefits the seller.

The home owner is in a tight spot of some kind and you can save them from public embarrassment and, in most cases, give them at least a little cash to get a new start.

No investor can afford to leave cash in every deal. No one but Bill Gates has that much available money. You must use creative techniques like, leases, option and taking over mortgage payments. Little or no cash is needed for those deals. You can find plenty of reasonable priced educational material on those subjects in book stores or on EBay. The same education that seminars sell for thousands of dollars.

4. You make your profit when you buy! Never make a purchase until you've carefully determined exactly how you will get to your profit. If you hold it as a long term investment will the monthly rental income more than cover the monthly mortgage payment? Will you sell the deal to another investor for fast cash? Will you do some fix-up and sell the property for full value? Will you quickly trade it for a more desirable property? Have a plan before you buy.

There you have four steps that even a part-time investor can execute in three to four hours per week. What's the missing ingredient? Your determination and perseverance. If you will unfailingly follow the plan for a few months you will be well on your way to financial independence.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Reasons To Stage Your Home For Sale

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Reasons To Stage Your Home For Sale

If youve been thinking of selling your investment house or your home, you should make sure that you take full advantage of home staging trends. There are several advantages to home staging trends, which we will take a look at below.

One of the best things about staged homes is that they sell in less time. This is great news for sellers, as these types of homes will sell really fast. In most cases, you wont have to worry about your home staying on the market for a long period of time. Research has shown that staged homes sell nearly 40% faster than other homes on the market.

Staged homes also sell for more money. Homes that have sat on the market for a long period of time will normally get lower offers due to the fact that home buyers will begin to think there is something wrong with the home. Staged homes on the other hand, dont sit on the market for long at all. Once they are listed, they pretty much draw attention to themselves - resulting in a fast sale.

A staged exterior will also draw viewers. When home buyers first arrive at a home that is up for sale, they instantly make up their mind whether they should get out and look around, or drive off. If the yard is staged with flowers and the yard is manicured and properly taken care of, chances are that buyers will want to see more. If you entice your buyers by showing them how nice the home is outside, they will surely want to know what the home is like on the inside as well.

Once a buyer has stepped inside of the home, he will know within a matter of seconds whether or not he likes the home. To get the buyers attention, youll need to stage your home to the buyers liking. You dont want the buyer to feel rushed or get the wrong impression, which is why you should always set the stage and entice the buyer to take his time and get a good look at the home.

Staging the living rooms and kitchens will also help to sell the home. Buyers love living rooms, which is why you should always make sure that the living room is the center piece of your home, and decorate it accordingly. Kitchens on the other hand, is where you should really go all out, decorating with fruit and such. You should always make sure that everything is in place as well. Buyers love to see homes that are ready to move into - and not ready to be worked on.

Staged homes will also attract more real estate agents and get more advertising as well. If a real estate agent loves your home, he will want to show it off. If you stage your home, chances are that real estate agents will eat it up. When they do, they will advertise your home more than others, just to get you some deserved attention. This way, you can benefit from a lot of exposure at absolutely no extra cost.

Theres no other way to look at it, other than staged homes sell. They attract more buyers, more real estate agents, and they give people the feeling of home. When you go out of your way to make the buyer feel that your home is his dream home, he will know it. Homes that arent staged may sell, although staged homes sell much faster and for more money. If youve been looking to sell your home, you should look into staging it and get the ball rolling in the right direction.

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story : Miami Real Estate

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Miami Real Estate

Sunny Miami Florida is without a doubt one of the hottest real estate markets in the world. Over the years, Miami has noticed a lot of changes in its real estate market. Miami Florida has always been known for its pristine beaches and activities, making it perfect for a vacation home or a permanent home for anyone wanting to live close to one of the best cities in the world.

In the past, Southern Florida was known to be a realtors dream of a real estate market with extremely explosive growth potential. During the beginning of the year 2000, Florida noticed some high rises in real estate. In most areas, including Sunny Isle Beach, the prices of real estate went up as much as 250% in some areas. This was a drastic change in price, making real estate in Florida very hard to afford.

This change in price let the world know that Florida was very sought after for real estate. Although the prices were very high, this also changed the entire economic structure throughout Florida, resulting in more businesses, work opportunities, and a lot more income. Even though it brought more opportunities, the economic growth also helped to make Florida a very expensive city to reside in.

Miami Florida is the second largest city in the state, making it a great choice for real estate. These days, the homes here arent very expensive. If you are interested in renting a home or apartment here, you may find it to be moderate to high priced. Miami has long been known for sunshine and fun, which is one of the reasons why so many people decide to purchase real estate there.

Although the past has noticed a lot of interest in real estate for Miami, the future will always be in question. Homes and housing units will always be built here, although real estate agents have found it increasingly difficult to sell homes. Even though some homes will sell a lot faster than others, there are some homes that remain on the market for months and months at a time.

As you may have guessed, Miami Florida has noticed a bit of a drop in real estate price and transactions over the years. Although past years have noticed Miami real estate to skyrocket in both price and appeal, the future makes many wonder. A lot of areas here are harder to sell now days, with many sellers having to lower their prices just to make a sell.

In the future, Miami real estate will continue to be popular, although the trend of high and low will always be there. Miami is still one of the best cities in the world to live in, no matter how much the real estate trend fluctuates.

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Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Cheap Homes

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Cheap Homes

When it comes to real estate, its really hard to beat a cheap home. Cheap homes are very affordable, and ideal for those on a budget. For real estate agents, these types of homes represent a way to buy a home at a low price, build it up some more, then sale it for a large price. Making money with real estate is easy to do - no matter how you look at it.

Although you can find cheap homes throughout the United States, some will obviously be better than others. Some are in great neighborhoods, giving you plenty to see and plenty to do all around you. On the other hand, most towns that offer the cheapest homes normally have a bad situation when it comes to the job market. They can be great to retire to or settle down in if you own a business, although they arent great if you need a job. Internet marketers and writers are finding these areas, are flocking to them at a very fast pace.

You can also save quite a bit of money by buying a home that is less expensive, but still fits your needs. What this means, is buying a home in the inexpensive areas of your town, or buying a home that is cheap in price. You shouldnt be focused on one type of home or neighborhood, but instead look at your available options and compare prices.

Keep in mind that buying cheap homes doesnt necessarily mean buying a run down place or buying your home in a bad part of town. You can get a cheap home in a great neighborhood, if you weight your options accordingly. If you shop around and look at different areas, you might find yourself very surprised at just how many homes are available at cheap prices.

Before you purchase a home, you can save a lot of money if you know how to negotiate with the real estate agent. Although a home may have a higher price than you are willing to pay, you can shave quite a bit of the price off through negotiating. If you learn just a few of the simple techniques of negotiating, you can save a lot of money. Each and every day, hundreds of people get cheap homes by negotiating with real estate agents.

In some cases, you can end up paying the full price of a home and still end up spending less than someone else might spend. Although price has an impact, financing is also an area that can help to make a home more affordable. If you get a low interest rate, youll save a lot of money when you buy the home. There are several ways that you can save money through your finance options, which is why you should always research whats available to you before you buy.

Before you decide to buy a home, you should always think things through and be sure to look around different areas and neighborhoods. Even though there are many cheap homes out there, you can get just as good of a deal through negotiating. Most cheap homes sell very quick, which is why you should always be on the lookout for one. When you find a cheap home that fits your needs, you should act on it. Contact the agent, take a tour of the home, then decide if the price and the features are indeed what youve been looking for. If it isnt - simply forget about the house and start looking for another one.

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story : New approach to real estate leads

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New approach to real estate leads

The Internet helped many real estate agents change the way they market their services. Now the same agents are changing the way they approach other aspects of the business - in particular, the process of capturing, filtering, and contacting leads. Web marketing helps attract more leads, but it's becoming clear that agents might not be the right people to deal with them anymore. As the job shifts elsewhere, the role of agents is being redefined.

Many real estate agents likely saw the change coming thanks to the difference between web leads and non-web leads. It can generally be boiled down to a difference in commitment: non-web leads are often solid referrals from other professionals who already know the client, while web leads can represent anyone with ten seconds to fill out an online form. Many Realtors with an online home search require people to fill out a contact form in order to view full details on a particular listing, and this tactic has had positive and negative results - mostly negative. People will readily supply their email address in order to view listing pictures, but that doesn't mean they want to buy a home - in many cases, they're simply spam-bots posting fake email addresses. These leads are less than ideal, but Realtors can't afford to disregard them entirely - that's why their role is being re-defined.

If Realtors are to keep their new web marketing model, they must also find a new lead management process. As it turns out, they might not have to look far; brokers might be in the best position to deal with agents' web leads. With their broader range of professional contacts, and generally superior office technology, brokers can filter more emails and follow up on more leads that look like they might go somewhere. The shift is also natural because most brokers function mainly to provide support to Realtors where necessary, and don't have a high web presence themselves.

An agent-broker partnership would bring real estate in line with other industries where leads and sales are handled by separate bodies. In the mortgage industry, for example, more than 70 per cent of leads are filtered and supplied by real estate agents. The model proposed here works slightly differently because here Realtors supply the leads, but brokers filter them.

A smoother lead management process would also enable Realtors to focus on sales and client service, the two most basic aspects of their profession.


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story : Florida real estate - the sun shine state

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Florida real estate - the sun shine state

Florida real estate is definitely worth a look if sun and fun is your ticket. Florida real estate, even close to the beach, is a very good deal.

Florida

Florida is a well-known haven for people living through winter storms in the northeast. Sun and warm water are an obviously attraction, but there is much more to Florida. Orlando seems to be one giant theme park with Disney World, while Miami offers entertainment of a distinct adult variety with a legendary nightlife. Throw in the Florida Keys, tons of college and professional sports teams, the Kennedy Space Center and you have a state with a lot to do besides loaf on the beach. Then again, loafing on the beach should never be denigrated!

Miami

Miami is a city that really needs no introduction. With Cuban influences, the city is an explosion of styles, colors and fun loving people. Palm trees are plentiful as are beaches, bars, outdoor cafes and walking streets. When you need a break from the beach, Miami hosts professional sports teams in baseball, basketball, hockey and football. The real key to the area, however, is simply the festive atmosphere and people. Nearly half of the population is Hispanic with a heavy influence appearing throughout the city. Every day is a party in Miami.

Orlando

If Orlando isnt the capital of theme parks, I feel sorry for the place that is. Orlando is home to no less than Disney World, Universal Studios and Sea World. The theme parks are actually located on the edge of the city, which makes Orlando proper a bit bland. Humidity can be a bit of a bear during the summers, but the winter is incredibly nice.

Tampa

Tampa is an underrated city in my opinion. The chief criticisms seem to be it is overly modern and a bit boring. In fact, it is just the opposite. Tampa has a funky cultural feel, particularly in Ybor City where multiple cultures clash in free wheeling fun and you can get a Cuban cigar hand-rolled by a Cuban artist. Museums, art galleries and theme parks abound. The beaches of Clearwater are white, clean and a good place to roast in the sun.

Florida Real Estate

Florida real estate is very reasonably priced considering much of it is so close to an ocean or lake. The average home price in Orlando will run you just above 0,000, roughly the same amount as Tampa. In Miami, prices vary wildly depending on the part of the city you are looking in, but you can expect price ranges from 0,000 to 0,000.

If you want to get in on Florida real estate, now may be an ideal time. For 2005, property in Florida appreciated at a rate of nearly 25 percent!


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Property investment in Arizona

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Property investment in Arizona

There is quite a bit of real estate available in Arizona, because new homes are being built constantly. If youve ever been to Arizona, you may be surprised by its vast open spaces and even the new developments that spring up dont seem to take anything away from all of that wide open space. In fact, all of that beautiful space is what attracts many people to the Arizona real estate market!

Many people buy real estate from a distance, sight unseen. While this practice can be used to scam people out of their hard-earned money, if you follow certain guidelines you and your money should be relatively safe. Start by understanding what documents you should see throughout the sale process.

The first thing you should see is the MLS printout. MLS stands for Multiple Listing Service. The MLS printout is a copy of the listing that was sent out by the service. It contains a description of the property, and there may be statements made in the MLS that need to be verified for accuracy. If the property or home is in a new sub-division, you need to ask for the Public Report as well.

Other important documents that you should request include the Sellers Property Disclosure Statement (SPDS), Covenants, Conditions, & Restrictions (CC&Rs), governing documents from the Home Owners Association, HOA Disclosures, the Title Report, the Home Warranty Policy, an Affidavit of Disclosure, Lead-Based Paint Disclosure, County Assessors Records, and a Professional Home Inspection Report. Make sure that you get a copy of all of these documents, for your own protection. It is a good idea to have your lawyer look at these documents as well.

There is quite a bit of information that you need to learn about a property in the state of Arizona before making a purchase. For instance, some places in the state may be infested with scorpions, which are quite common in Arizona and are hard to get rid of. Some areas of Arizona contain soil and groundwater that has been contaminated by improper disposal methods. All of this information can be found at the Arizona Department of Real

Estate (http://www.re.state.az.us/). You should use the various online maps that are available to stay away from less desirable properties.


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story : What To Do When Your Home Isn't Selling

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What To Do When Your Home Isn't Selling

When you sell your home, the process is almost like going to a job interview. Selling a home involves presentation, which is one of the key factors that determine the outcome. Although this may sound a bit weird, presentation is a way of life in the world of real estate. Buyers in todays market look for good presentation many basing their final decisions on it.

If the property you are selling comes with a garage, youll need to go through your garage before you sell your home. Chances are that you store things in your garage, which can easily pile up over time before you realize it. If your garage is in a messy condition, youll obviously want to clean it up. Buyers look for homes that are in perfect condition, and anything less than perfect will look bad in the eyes of the buyer.

Most homes have some truly outstanding features inside of them. You should always do your best to highlight the best features of your home, instead of just hoping that the buyer understands what they are. The ideal way to bring out the best features of your home is to use the proper lighting. If your home is clean, you can use lighting to bring out the best features in your home, and ensure that they stand out to the buyer.

When a potential buyer first pulls up to your home; the first thing he will see is your lawn. If your lawn is trimmed and well taken care of, he will get a good impression right off the bat. If your lawn is a wreck, he may immediately pull away. To give the best impression to the buyer, you should put some thought into how things look. You can always plant flowers around the walkway and throughout the yard, which will look great to a potential buyer.

You should also make sure that the entrance into your home is a positive as well. The front door should be in great shape, as well as the entry area into the home. You can add some plants, paintings, and rugs to ensure that your buyer gets a good impression. When the buyer walks through the entry way into your home, you should make sure that the view he or she takes in is a good on. Your biggest goal when showing your home is to ensure that the buyer is pleased.

Keep in mind that it may take some time to sell your home. These days, homes can sit on the market for months at a time before they actually sell. If you are having trouble selling your home, you can always reduce the price or simply go back to the basics. Eventually you will sell your home although it may take more time than you think.

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story : Things To Know Before Buying A Home

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Things To Know Before Buying A Home

If you are taking the next step in life and purchasing a home, chances are that you are feeling the pressure and the anxiety that goes along with this difficult decision. Those who buy homes are very anxious, eager to get any information they can about real estate. Before you buy a home, it always helps to learn all that you can.

The first thing youll need to do when buying a home is to find out just how much you can qualify for or afford to borrow. You should also make it a point to check your credit and know where you stand. If you have any problems, you should strive to correct them for you attempt to borrow money for a home. The higher credit rating you have, the lower your interest rates will be.

If you can, you should always attempt to get pre approved by a mortgage broker or lender, as this will show your commitment to the mortgage. Also make sure to look for any payment or prepayment options that can help you take a few years away from your mortgage. Once you have been pre approved for a mortgage and know where you stand with your monthly payments, you can start shopping for property.

When you shop for a home, you should only buy real estate that is perfect for you. Before you start looking, you should always make a list of everything you want your home to have, based on what you want and what you actually need. You should also make sure that you mark out any areas that you are willing to come to a compromise on, just in case you have to.

To assist you with finding the perfect home, you should enlist the services of a reputable real estate agent. When you meet with your agent, you will go over how much you are willing to spend, and what type of home you are looking for. Youre agent will know where ideal properties are, and help you find the home that is best for you.

Your agent will supply you with a list of potential properties that meet your budget and your features. Once you get the list, you should drive by the homes and check out both the home and the neighborhood. You should consider the appearance and location of the home, safety, access to the freeway, schools nearby, commute time to work, local shopping, and even recreational activities.

If you dont find something that interests you the first time, you should keep looking until you find the home that is best for you. Your agent can help with tours of homes and such, even tell you information about neighborhoods that you arent familiar with. If you have chosen a good real estate agent, he will care about helping you find a home and go out of his way to ensure that you get exactly what you want.

To get the most from buying a home, you should always hire a real estate agent that you can trust. Your agent will go a long way in helping you buy a home, from finding properties to giving you pointers and tips along the way. Good real estate agents will care about your satisfaction, and will do all that they can to help you find the home of your dreams. You can always buy a home without a real estate agent, although it will take you longer and you wont get the help and other amenities that a real estate agent will bring to the table.

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story : 10 tips for buying and selling real estate property

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10 tips for buying and selling real estate property

Real estate is changing hands in ways that make headlines. Whether youre a buyer or seller, here are some tips to help you make the best deal.

BUYING:

So you want to buy a house? In this market? Are you nuts? Actually, it depends on where you are. You could be very shrewd right now if you pick the right spot, the right pricing trend and bid aggressively. It requires homework, homework, homework.

Example: My wife scoured a market, screening 90+ houses. We eventually found a fixer-upper for 2K. We offered 0K the same morning it was listed. They took it on a handshake. One year laterwith no improvements!we sold it for 8K. For those of you without a calculator, thats a 30% return on the investment.

And you can do it, too. Heres how:

1. Pick a growing area. This is essential. Yes, its hard to predict economic cycles and which metropolitan areas are going to prosper over the next year or so. However, if you read the business pages regularly, youll have a much better idea of where to buy/invest.

2. Learn the market. This is also essential. Youve got to know whats out there, what houses are going for and how to spot a bargain from the overpriced. When you find your bargain, you probably wont have much time before the competition gets wind of it. So you must be ready to make a solid offer right away.

3. Make your offer contingent upon a thorough inspection. Theres nothing worse than buying something with plenty of infrastructure problems. Theyll cost you time, money and aspirin. If you discover only a few problems, try to get the seller to lower the price to counterbalance the flaws in the property. They often will.

4. Finally, recognize that you will not likely land your first prospect. Therefore, be patient and be prepared to keep looking until you find the right house that makes good economic sense for you to purchase.

Follow the above four tips and youll do better with your property investment.

SELLING:

What to get the best price for your home? Just follow these six tips:

1. Everything (usually) looks better in brighter light. So let the sun shine in. Open curtains and blinds and turn on lights in all the rooms.

2. Fix up those little things. Oil or WD-40 those squeaky door and window hinges. Tighten any loose door handles. Replace broken shutters, fix leaky faucets, etc.

3. Deodorize! Nothing turns off a potential buyer than a funny or unpleasant smell. Youve heard of the bake bread or cookies in the oven trickits a lot easier to just use plug in deodorizers.

4. One of the easiest things to do is clean the place. Clean in the corners, clean the cabinets, re-grout the kitchen and bathroom sinks, tubs, etc. Wash the baseboards, make the place shine, especially in the entrance way.

5. Get rid of the clutter! Buyers need to envision the home as they would live in it. Anything interfering with that vision works against you in selling your home to them. So divide all your possessions into three groups:

a) things you really need to live in the house,
b) things you dont really need but want to take with you to your next home, and
c) things you dont want to take with you and should really toss.

Now, put those things your want to take with you to your next home in a rental storage facility. Hold a garage sale and/or donate everything else to charity. Thatll leave your home looking elegantly simplethe best way to present it to potential buyers.

6. Paint, paint, paint. Virtually every home has some areas that could use a fresh coat of paint. It is one of the most important (i.e., best and inexpensive) investment you can make is maximizing your sale price. Make sure you patch cracks and peeling paint first, though.

Follow the above six tips and youll sell your home faster and for a better price that if you didnt.

For more information: www.denver-real-estate-homes-for-sale.net


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story : Creative Real Estate Financing

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Creative Real Estate Financing

This is the age of creative real estate financing. Maybe you remember when financing meant you saved up enough to put 20% down on a house, and then got a mortgage loan for the other 80%? You can still do that, but there are many more options now. Here are ten of them.

1. Second mortgage loans from sellers. Many banks will allow you to have as little as 5% into a home purchase, but will then only loan you 80%. The seller can take payments on a second mortgage from you for the other 15%.

2. Manufacturer loans. Manufactured-home companies are arranging financing with 5% or less down for their buyers. This can be as little as ,500 down if you already have a lot to put the home on.

3. State government housing programs. Most states have some sort of financing help in the form of a loan-guarantee program or outright loans for low-income buyers.

4. VA mortgage loans. If you have been in the armed services, have a decent job, and can save two or three paychecks, you can probably get a home with a VA loan.

5. Contract for sale. Called a "land contract" and other names depending on the part of the country you are in, this just means that you make payments to the seller instead of a bank. It's up to you and them to negotiate downpayment amount, interest rate, and the term of the loan.

6. Builders gifting programs. In some parts of the country, builders fund foundations that give you a portion of the downpayment, so you can get into a home with as little as 3% downpayment from your own pocket. FHA and other lenders have so far approved of or allowed this.

7. FHA mortgage loans. The Farm Home Administration doesn't actually loan the money, but guarantees your loan for the bank, so they can loan up to 97% of the purchase price, depending on the particular FHA program.

8. Friend and family loans. It may not be from charity that a brother or a friend lends you the money to buy a home. That 7% return might look awfully good if their money is sitting in the bank at 2%.

9. Bank no-doc loans. "No-doc" and "low-doc" loans, meaning no or low documentation requirements, are back, and you can find them through online banks. They are for those of you with bad credit but 20% to 30% to put down on a home. You don't even need a job.

10. Your credit cards. A risky way, but if you have a low-interest credit card, you can use it to come up with the downpayment, especially if you can pay it off soon, perhaps with a coming tax refund. The banks generally won't allow this, but you can combine this with seller financing.

So are there more ways to approach real estate financing? You bet there are. These are just some ways to buy your own home. When you start investing, you can use other techniques for really creative real estate financing.


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story : A to Z of Commercial estate

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A to Z of Commercial estate

Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from O to Z.

Commercial Terms

Operating Expenses: Just as it sounds, operating expenses are those costs associated with operating a commercial property. Contract and state law typically govern the exact nature of the operating expenses.

Partition Wall: A wall built in the internal area of a suite to divide the general space. For instance, offices built during a tenant improvement project with have partition walls separating them.

Punch List: A punch list runs part and parcel with a walk through of completed construction work. The construction company and client will walk through the area and complete a punch list of items that need to be fixed or modified. .

Shell Space: The interior of a commercial building that has been completed, but does not yet have any tenant build outs. The shell space generally refers to this gross square footage regardless of whether tenant improvements have occurred or not.

Substantial Completion: Notice given by a contractor to the client indicating the property has been completed to the point where a walk through and punch list review are appropriate.

Usable Square Feet: The square feet in a building, suite, warehouse and so on that can actually be used by tenants. Due to building regulations and design issues, certain amounts of a space in a tenant suite may not be usable and such footage is excluded from this calculation

Unlike residential real estate, commercial real estate is primarily considered a business transaction. Learn the terms and you're well on your way to moving smoothly through the process.


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story : Tips For Buying An Overseas Vacation Home

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Tips For Buying An Overseas Vacation Home

A majority of us have dreamt of owning an overseas home at home point in time. Owning a home overseas represents a different way of life, in a sun drenched tropical location that is teaming with activities and plenty of things to see. For many of us, owning real estate overseas is a dream that we all look forward to at some point in our lives.

If you have been considering buying a home in a foreign land, there are some things you should be aware of. Anytime you decide to buy a home in a far away land, there are traps and pitfalls that you need to be aware of. If you are aware of these pitfalls, youll go a long way in securing your home safely and securely.

If you want to buy overseas real estate for the value, you should always keep in mind that real estate fluctuates some months the value may go up, while other times it may go down. Not all countries have the same real estate economy, which makes it in your best interest to look into the economy before you buy a home. This way, if you are buying for the value, youll know whether or not your purchase will be profitable.

Legal systems are also something you should be aware of as well. Different countries do things differently, which is why you will need to look into the different legal systems before you decide on a property. The last thing you want is to purchase a home and find yourself totally unaware of how the proceedings go in the area you have chosen.

If you are buying your home to make some extra money, such as using it for a vacation or holiday home, you should always pay attention to the accessibility factor. If you plan to visit the home yourself for vacations, youll want to make sure that your property is easy to reach. If your property is hard to reach by automobile or plan, it will decrease in value and popularity over time. On the other hand, if your property is easy to access, it will be great for you and anyone else you decide to rent the property out to.

If you want the process to go as smooth as possible, you can always enlist the services of a real estate agent. Even though you may be buying an overseas home, a real estate agent will know the area and he can answer any questions you may have. Chances are that you arent familiar with most overseas areas, which makes a qualified real estate agent a very worthy investment. Your agent can also make recommendations based on what you are looking for and show you the homes that you wouldnt be able to locate without his services.

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story : A new approach to real estate success

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A new approach to real estate success

With a relatively increase of the everyday commodities, more and more people are finding ways how to earn additional sources of income so as to compensate their expenses. That's why most people who look for alternative ventures resort to real estate business.

However, even if real estate business appears to be lucrative to many, it still needs a lot of effort and skills to survive in the industry. So, for those who want to succeed in real estates business, here are some tips to ponder:

1. Set practical and sensible objectives.

Just like any venture, the key to a successful real estate business lies beneath a sound and sensible target. This will serve as the guiding principle of those who wish to make it to the top. Through these objectives, people who are involved in real estates business can focus more on areas that need concern like the market, clients, and strategies that will make their business profitable.

2. Choose the right real estate strategy.

The key to a successful real estate business is to come up with a certain strategy that will supplement the objectives stated on the entrepreneurs business plan. This strategy will also provide the right moves to take based on the kind of profit the real estate entrepreneur wants to achieve like an express cash or wealth establishment.

3. Entrepreneurs should acquire the characteristics of an ideal real estate agent.

In order to succeed, people involved in this kind of business should acquire the characteristics of an ideal real estate agent. He or she should be adept in finding the motivated seller, determine the value of properties, and knows how to negotiate with their clients.

4. It's a must to know the laws.

Part of being successful in real estate business is to know the existing laws of the state such as tax laws. Such that, if a real estate businessman does not know the laws, he or she may end up losing a lot money or worst end up in jail.

5. It is important to hire a reliable accountant.

This is extremely important to almost any type of business. This is, in reality, significant in order to succeed in real estate business because the transactions involves money, and one of the person who is skilled to analyze and interpret monetary information is a certified accountant. Through the help of an accountant, people behind the real estate business will be able to track the ebb and flow of the market.


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story : Termite Damage And Real Estate

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Termite Damage And Real Estate

Termite damage, no matter how small it may be, is never good for a home. During a real estate inspection, if any termite damage is found, it will affect the outcome of the home. In most cases, the buyer is told that the seller will fix the problem. Although this may sound good to some buyers that the seller will treat for termites, other buyers often wonder.

Of course its nice that the seller will pay to have the termite problem treated, which will normally cost around ,000 or so. Even though the termites will be gone, you have to wonder about the damage to the structure. In the more severe cases, damage to the structure can cost up to 50 times the cost of the treatment. The last thing you want is to move into a home that you know has been treated for termites, only to find the structure to be in very bad shape.

If any type of damage was done to the wooden structure of the home, you may need to get immediate repairs. While some damage may be visible, there are other types of damage that may seem invisible to the naked eye. To find out just how bad the damage is, carpets and rugs will need to be lifted, furniture and appliances moved, walls and ceilings will need to be opened, and even some types of excavation may be needed. This is the only way to tell the extent of the damages, especially in cases of termites. If you dont inspect every area of the home, you could be moving into a home that has severe structural damage - which can cost you thousands to repair.

There could also be latent damage present as well. To determine this, youll need to have invasive and destructive testing performed on your home, which will performed by qualified contractors and specialists. This will help to determine the extent of the damage and the cost of any needed repairs. This can be very costly however, although its the only way to find and repair any latent damage.

Destructive and invasive testing can cost you an arm and a leg, although youll need to have it done if you suspect termites or know for a fact that the home was treated for them. To protect yourself, you should always get a treatment and repair history before you purchase the home. If you are renting the home, youll need get written documentation from the specialist that details the damage to the home and cost of repairs.

Before you buy a home, you should always have it checked for termites. There are a lot of termite inspection companies out there, many of which go above and beyond to check the home for any type of termite damage. You dont want to buy a home only to find out that it has been infested with termites. If you have the proper inspections performed before you make the purchase, youll know for a fact that you dont have to worry about termites or termite damage.

If the inspector or contractor doesnt find any termite damage, you should always have it documented. This way, if termite damage does exist, youll have the documentation to back you up. Termites can be very destructive to your home, especially if you are looking towards a log home. Termites can destroy wood in little to no time at all, which is why you should always do what you can to have your home treated as soon as you suspect any type of damage. If you know a home has been infested with termites before - you should really make sure that the structure isnt damaged and the termites are gone before you commit to buying.

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story : 10 steps to successful real estate investment

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10 steps to successful real estate investment

Just because real estate prices seem to have hit a temporary ceiling in many countries around the world, that doesnt mean that profits from property investments are hard to come by.

Even during a real estate market slowdown, stagnation or depression profits can be made locally and overseas. This article shows you the top ten tips that real estate investors apply to their property portfolio building strategy to ensure success from their investments.

1) Research the curve - the concept of a property market cycle existing is not myth its a fact and is generally accepted to be based on a price-income relationship. Check the recent historical price data for properties in the area of the country youre considering purchasing in and try to determine the overall feel in the market for prices currently. Are prices rising, are prices falling or have they reached a peak. You need to know where the curve of the property market cycle is at in your preferred investment area.

2) Get ahead of the curve as a basic rule of thumb, professional real estate property investors seek to buy ahead of the curve. If a market is rising they will try and target up and coming areas, areas that are close to locations that have peaked, areas close to locations experiencing redevelopment or investment. These areas will most likely become the next big thing and those who by in before the trend will stand to make the most gains. As a market is stagnating or falling many successful investors target areas that enjoyed the best levels of growth, yields and profits very early on in the previous cycle because these areas will most likely be the first areas to become profitable as the cycle begins turning towards positive once more.

3) Know your market who are you buying property for? Are you buying to let to young executives, purchasing for renovation to resell to a family market or purchasing jet to let real estate for short term rental to holiday makers? Think about your market before you make a purchase. Know what they look for in a property and ensure that is what you are going to be offering them

4) Think further afield there are emerging real estate property markets around the world where countries economies are going from strength to strength, where a growing tourism sector is pushing up demand or where constitutional legislation has been or is about to be changed to allow for foreign freehold ownership of property for example. Look further afield than your own back yard for your next property investment and diversify that real estate portfolio for maximum success.

5) Purchase price set yourself a budget that will realistically allow you to purchase what youre looking for and profit from that purchase either through capital gains or rental yield.

6) Entry costs research fees, charges and all expenses you will incur when you buy your property they differ from country to country and sometimes even from state to state. In Turkey for example you should add on an additional 5% of the purchase price for all fees, in Spain you will need to factor in an average of 10% and in Germany fees and charges can be in excess of 20%. Know how much you will have to incur and factor this amount into your budget to avoid any nasty surprises and to ensure your investment can become profitable.

7) Capital growth potential what factors point to the potential profitability of your real estate property investment? If youre looking overseas at an emerging market, which economic or social indicators exist to suggest that property prices will increase? If youre buying to let out are there any indications to suggest that demand for rental accommodation will remain strong, increase or even decline? Think about what you want to achieve from your investment and then research and find out whether your expectations are realistic.

8) Exit costs if you will incur substantial capital gains taxation liability if you sell your property investment for profit, will that render the investment profitless? In Spain a foreign buyer can incur up to 35% capital gains tax, in Turkey on the other hand property sales are capital gains tax free if the underlying real estate has been owned for four or more years.

9) Profit margins what levels of capital growth can you realistically gain on your property investment or how much rental income can you generate? Work out these facts and then work backwards towards your initial budget to work out your potential profit margins. At all times you have to keep the bigger picture in mind to ensure that your real estate investment has good potential for profit.

10) Think long term unless youre buying property off plan and intending to flip it for resale and profit before completion you should view real estate investment as a long term investment. Real estate is a slow to liquidate asset, cash tied up in property is not simple to free up. Take a long term approach to your property portfolio and give your assets time to increase in value before cashing them in for profit.


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story : Selling Your Home Fast

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Selling Your Home Fast

We all know that buying or selling a home can be a time consuming process. Although there are thousands of people looking to buy homes, it can be a tricky process finding the right person interested in your home. With hundreds of thousands of homes for sale in the United States, there is always some form of competition.

If youre looking to sell your home fast, youll need to attract as much attention as possible. A real estate agent can help, although he can only do so much. He can show your home and help to get it out there to buyers, although he cant make it sell. If you want to sell it fast, youll need to do some work yourself. If you put the effort into selling your home fast, chances are that you will.

The quickest way to sell a home is by staging it. Staged homes literally invite the buyer in, making him feel right at home. Staged homes are also appealing both inside and out, and are more or less ready to be moved into immediately. They dont sit on the market for long at all, yet they bring a top dollar sell. If you are familiar with staged homes - you should know that they are among the fastest selling homes on the market.

If you dont want to use a real estate agent, its still quite possible to sell your home - and sell it fast. Youll need to do everything yourself, which involves getting your home out there to the market and showing it to potential buyers. You can always list your home in local newspapers, magazines, and put a for sale by owner sign in the yard. This way, you are letting buyers know that your home is for sale. Some buyers prefer homes that are for sale by the owner, as they dont have to pay a real estate agent or deal with one directly.

When you sell your home, you should always make sure that the exterior is clean, the lawn is trim, and the interior is in superb condition. If you plan to live there until it is sold, youll want to make sure that you have the interior staged as best as you can. You want to give the buyer a great feeling, so hell stay and wont leave. If your home is visually appealing both inside and out, a buyer will want to see more.

Once a buyer wants to see more of your home, chances are you have found the individual who will buy it. You should never make the buyer feel pressured, but instead make him feel that you are interested in his thoughts and opinions. If you show a buyer that you care - you will go a long way in establishing trust - which will help you sell your home.

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story : Real Estate Forms

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Real Estate Forms

Anytime you spend your hard earned money to buy something, you should always have it documented. When you purchase smaller items, such as items at a convenience store, youll normally be given a receipt. When you purchase larger items, such as televisions and furniture, it will involve a bit more documentation. In exchange for your money, the seller will give you a receipt and in most cases a warranty that will protect your investment.

As you may already know, buying a home involves a lot more paperwork than furniture or even an automobile. Whether you are buying or selling a house, you should always have each step of the process documented. If any revisions are made, they should be recorded as well. Although buyers and sellers can prepare the documentation themselves, most choose not to due to the number of revisions that a single document can have. To help prevent consumers from these types of headaches, ready made real estate forms were introduced.

You can get a ready made form from a real estate agent or download the forms right off the Internet through a real estate website. Ready made real estate forms are easy to use, as they cover virtually all transactions you may encounter - from buying homes to selling them. There are forms that cover just the basics, which are ideal for those with no experience. If you are looking for a more legally binding form, there are also those that cover legal requirements and those that cover disclosure laws as well.

You can choose to purchase these forms on an individual basis as you need them, or buy an entire set instead. Individual forms are ideal for anyone who is involved with short term leases, such as rental property or homes that have been leased out. If you are planning to sell a home or buy a home, you are better of purchasing the entire set of ready made forms. This way, youll have all of the documentation you need and you wont have to worry about purchasing more.

Unlike other types of real estate forms, ready made forms are assured for their accuracy, legality, and even their contents. Manufacturers of these forms spend a lot of time and a lot of energy verifying their documents, and making sure that they are perfect. Although these forms are normally up to date, you should still check with your local law and real estate offices to see if there are any updates. Real estate laws and regulations arent revised that often, and normally tend to stay the same for a long period of time.

If you arent sure about what forms you need, you should always ask a real estate agent. Even though ready made real estate forms are easy to understand and use, there are a few types available. If you are selling a home, you certainly wouldnt want to use the same form as someone else who is buying a home. There are also ready made rental forms as well, which are ideal for those who are renting out property or leasing.

With ready made real estate forms, the process of real estate transactions are easier than ever before. By using these forms, you can do everything yourself - without having to forego realtors. Youll save a lot of money as well, simply because there is no realtor involved. The next time you are buying, selling, or leasing out your property, you should look into ready made real estate forms and see just how easy they make real estate transactions.

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story : Home Loans

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Home Loans

Home loans make the process of buying a new home more affordable than ever. As you may already know, these types of loans give you many opportunities that wouldnt be possible without them. When you buy a home, you should understand as much as you can about the process, as well as the questions you will be answering. This way, youll be familiar with how things work and youll find the entire process to go much smoother.

When you look towards a home purchase loan, youll need to fully understand the interest rates. They are never the same and will vary among the different financial institutions, as well as from time to time. In many cases, home loans can change on a frequent basis, with little to no notice. When you buy a home, it is very important that you keep up with the economy. Any change in interest rates for a home loan can either increase or decrease the amount you pay back.

When getting a home loan, youll also need to understand the terms and the length of the loan. Almost all financial institutions and lenders have a variety of different plans or periods for you to choose from. If you choose a longer period, in most cases your interest rate will drop. You can find this out yourself by using a mortgage calculator. This way, youll know how much your mortgage payment will be before you decide to further pursue the loan.

As you probably already know, your ability to pay the loan back is very important. Some lenders require that you keep your loan full term, while others may provide you with the option to pay it off any time you wish. Home loans that give you the option to pay it off early will normally save you quite a bit of money in the end. If you are able to pay your loan off several years early, youll save a lot of money in the long run.

Even though the early payoff option is great to have, it can also come back to haunt you if you end up defaulting on the home loan. Or, if you decide to sell your home in the future, the early payoff can haunt you as well. For those very reasons you should always consult with a specialist before you commit to any type of home loan.

For the potential home buyer, home loans offer several different opportunities. Before you rush out and get a home loan, you should always know what you are agreeing to. You should also look into the company you are thinking of getting the loan from as well, so that you can better prepare yourself when you go through their process of getting your loan.

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story : 7 steps to real estate investing

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7 steps to real estate investing

Whether you are BRAND NEW to real estate investing or an expert in the game, its critical that you understand these 7 Simple Steps to real estate investing.

First things first

Real Estate is NOT a get rich quick scheme. However, if you learn the foundations and put them into practice, you will make more than enough money to realize any and all of your dreams and goals.

The real estate bubble is not going to burst! The real estate market will, however, shift and the real estate market will change just as it always has! Whats hot now may turn ice cold in the next 3 years (or perhaps even 3 months). But, there are ways to bubble proof your real estate investments. Its actually quite simple.

Did you know that in the United States, in 1975, the median home price was ,300? In 2005, the median home price was 5,000. Historically, the average home doubled every 7 years. If you do the math, it should be well over 0,000.

OK Now, having said that The real estate market WILL change and what is working today in real estate may not in the future The rental market was strong a decade ago, but has been soft in recent years. We are getting ready for a turn once again.

Real Estate IS a cycle and cycles have some degree of predictability. With predictability, you can grow your real estate business into a cash-producing, profit-pulling machine that runs itself WITH the changing real estate market trends. It is still possible to make money in real estate. In fact, now is just as good a time as any to get started in real estate investing.

But, youve got to make wise investments. Sure, you may make some SERIOUS cash in pre-construction, but what happens if (no, not if when) the market shifts and there are suddenly 35 identical properties on the market for sale in the same building? How long can you afford to carry a negative cash flow on the property?

Or how about taking over property subject to? Sure, its a great strategy and lenders may be inclined to turn the other way and not exercise the due on sale clause as long as the interest rates are at rock bottom prices (You know, those sellers that youre usually taking property subject to from usually dont have the lowest interest rates, right?) If the interest rates spike to 10-11%, dont you think lenders might be MUCH MORE inclined to exercise their option to make you pay off the 6.5% note?

What this means is simply that you must be experienced in the basics the tried and true techniques, strategies and systems that have worked in the past, are STILL working and will work in the future. Youve got to have all the tools in your bag so that you can go with the flow and not be affected when real estate markets begin to shift (which they are already in the process of doing, in case youve missed that memo! ;-)

Step #1 - Set your plan: Figure out what your long term real estate goals are (aka retirement and wealth building) and figure out what your short term needs are with regard to making money in real estate. Then, set up the proper entities and put the plan in place.

Step #2 - Determine what your target market will be: You cannot be all things to all real estate markets. If foreclosures appeal to you, start investing in the foreclosure market. If you want to be a landlord, look to out of state owners to focus your real estate marketing efforts.

Step #3 - Be consistent and persistent: Real Estate is not a get rich quick scheme. Real Estate is get wealthy over time and put some quick cash in your pocket today. Youve got to follow your plan and stick with it to see real results in real estate. Youve also got to continue to increase your education and your experience.

Step 4 - Dont fall into the Analysis Paralysis: Learn to analyze properties quickly. Dont get caught up overthinking. Its quite simple actually: Whats the property worth? What does the property need for repairs? And how much can you get the property for? It all comes down to numbers!

Step 5 - Become a master of finance!: Real estate is the business of marketing and finance. You must learn about mortgages and interest rates and loan programs that are out there. You must know how to use finance to negotiate your deals and to sell your properties.

Step #6 - Become a skilled problem solver: The reason you will get real estate deals that others dont, is because you are able to solve peoples problems. Anything goes on the real estate playing field. Youve got to be ready!

Step #7 - You must continue your education: It is important that you are always investing in your education and learning new tactics, strategies and tips that will help you make more in real estate.

If you enjoyed this article, make sure to look up the other articles discussing The 7 Simple Steps To Making Money on Real Estate. The next article discusses Step #1 set your plan in further detail!


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story : The Truth About Rent To Own

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The Truth About Rent To Own

Most of us are very familiar with the term rent to own. Places such as Prime Time and Rent A Center have built an empire with rent to own merchandise, although the buyer normally ends up paying double what the merchandise is actually worth. While this may be great for those who have bad credit, most of us prefer to avoid going this route. Homes are no exception, especially if you are buying a home on a rent to own basis.

Even though rent to own may be good for a short period of time, it proves to be an expensive way for someone to buy something they intend to keep. Rent to own merchandise for example, may sound quite compelling at a few dollars a week. The agreement is normally for around 15 - 20 months, which is where the company makes their money. Although you may be paying just a few dollars a week, the total amount quickly adds up to nearly twice the cost of the item.

Along with paying rent, youll also have to pay applicable sales tax as well. Like merchandise, rent to own real estate has its disadvantages. Even though it can be great for those with not so great credit, youll normally end up paying back a lot more than you would with a mortgage. Youll still have to pay back your lender with a mortgage, although that amount wont be nearly as high as it would if you decided to get a house on a rent to own basis.

In most cases, rent to own houses are put up on the market by the owner. This way, youll deal directly with the owner. It will start out as a traditional lease, then proceed to a rent to own basis if you decide you want to keep the home. You and the owner will then work out an arrangement, which will normally be quite a few years. Some owners are very flexible and will work with you just to get the price they want for their home, while others will charge you quite a bit more, in order to make a hefty profit.

If you have bad credit and cant get approved for a mortgage, then rent to own would be your next best option. Although some dont like to do it due to the price, for many its a better alternative than an apartment. With rent to own houses you are paying money towards the home, instead of just paying rent. In some cases this is fine, although you should make sure to double check with the owner before you agree or commit to anything. This way, youll know how much youll be paying for the home - and for how long.

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story : Buying Pre Foreclosures

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Buying Pre Foreclosures

Pre foreclosures are known as properties that have reached the final stages before they get repossessed or taken back by the lender or bank. The owner is still in complete control of the property or home, although the bank or lender will repossess the home if the owner doesnt attempt to rectify the situation. Normally, if the owner makes things right with payment, the pre foreclosure will settle and things will go back to normal.

When buying real estate, there are several benefits to pre foreclosures. Although there are several ways that you can buy a home, pre foreclosure is one of the best. Even though it is one of the best ways to buy property, many people miss out simply because they arent familiar with pre foreclosures and all of the benefits that come with them.

The best thing about pre foreclosures is the prices that are associated with them. In most cases, the owner has no choice but the sell the house, and therefore will listen to just about any offer that he receives. Due to this very reason, you can find pre foreclosures for sale at nearly 50% off market value. This is an ideal time to purchase, especially if you are looking to save a lot of money.

Along with the great prices you can get with pre foreclosures, youll also have the luxury of dealing directly with the owner - no third parties involved. This is a great advantage, with buyers being in total control of pre foreclosure sales. In the event that the home owner decides to turn down your offer and cannot find another buyer, he will lose everything. Even if you offer the owner a small price, he will be able to make a little bit of money selling the home.

You can find pre foreclosures that up for sale pretty much the same way that you can find homes in which the bank already has control of. You can look in the local newspaper, on the Internet, or by calling the lender directly. There are several options that you have in terms of finding pre foreclosures, giving you plenty of options. Once you have found a pre foreclosure for sale, its up to you to seal the deal and get the home of your dreams at a very affordable price.

When you compare foreclosed properties with pre foreclosed properties, youll find that there is less competition involved with pre foreclosures. Pre foreclosed homes are a great purchase, as they will normally come at a very affordable price. Those of you who have been looking for a new home shouldnt hesitate to check out pre foreclosed properties. They are a great investment - and can indeed be very profitable in the long run.

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story : Home Shopping The Smart Way

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Home Shopping The Smart Way

When shopping for a home, there are quite a few things that can snatch your attention. When you look at a home, its very easy to fall immediately in love with it. New homes are clean, decorated perfectly, and many are what you pictured in your dreams. If you dont shop the smart way though, youll end up like many other home owners and find faults shortly after you move in.

When you look at your potentially new home, youll want to check and see if you can fit your furniture in the way you want. A lot of homes these days are configured so that the furniture will only fit in one position. Often times, this leaves a television or other device in a weird location, sometimes making your furniture nearly impossible to fit through the doors. This is surely something to bear in mind, as you certainly dont want to have to buy entirely new furniture.

Youll also want to be sure that you get the right home for yourself and your family. Even though you may be a young couple now, you may want to get a house with enough room in case you decide to have kids later on down the road. If you dont get a big enough house and end up having to move, youll find that moving with kids is a hard task indeed. If you have babies when you move, youll find moving to be even more difficult.

Once your children start to leave home, you may want to look into getting a smaller house. The choice is entirely up to you, and what will work the best for your needs. Anytime you purchase a house though, youll want to think about the size of your new home and consider the future needs of your family as well. This way, youll have everything covered for years to come and wont have to look into getting a new home.

You may also want to look at any extras as well. Things like a pool and a hot tub may be a great thing to have, although you should look into the money that regular maintenance will cost you as well. There are a lot of things that may be great to have along with your home, although you should always look at long term costs before you purchase.

Location is also something youll need to consider as well. Some prefer to live out in the country, while others prefer the city life. Some prefer to be close to stores and such, while others prefer to be miles and miles away. The location of a home is very important, and in most cases will have a big impact on the price. Living in the city will cost quite a bit of money, although a home out in the country can cost just as much if there is a lot of land included with the property.

Whenever you decide to buy a house, there is a lot of things that youll need to consider. Buying a home is no easy feat, with a lot of things youll need to decide on. If you give yourself enough time and plan out your budget and the type of home you want, youll have plenty of time to make that very important decision. You never want to rush the process, as you could end up with a home that is less than perfect. If you take your time and look at several different houses, youll end up in your dream home before you know it.

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story : Tips For Buying Your First Home

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Tips For Buying Your First Home

For a first time home buyer, the process can get quite overwhelming, giving you the feeling that the financial decisions are rapidly spinning out of control. When it comes to real estate, most people dont have a lot of experience or know a lot about it. In all actuality, buying a home is actually a simple process. All you need to do is understand the basics, which will go a long way in helping you buy your very first home.

The first thing you should know is to avoid pre payment penalties at all costs. What this means, is that if you buy the home then later want to sell it before the balance of your mortgage is due, youll have to pay a penalty. You can find a variety of great loans that dont include these types of penalties. If you find a loan that does include pre payment penalties, you should immediately turn it down and look for another loan.

You should also be on the lookout for good ARMs. If you have a good ARM, then your interest rate and monthly payment will adjust at the exact same time. This will make sure that your interest doesnt affect your monthly payment. If your interest rate does affect your payment, then you will notice the unpaid interest reflecting the overall amount of your loan balance.

Youll also want to get pre approved for your house as well. This lets the seller know that you are serious about buying, and will normally work in your favor to give an edge - which is especially handy if there are several others interested in purchasing the home. Getting pre approved will also save you a lot of time as well. If you cant get approved for a loan, you shouldnt waste your time inspecting it, trying to get a good interest rate, or negotiating with the seller for your ideal price.

Before you purchase a home, you should always be aware of how much you can afford. Before you attempt to purchase a home, you should always go over your budget and figure out how much money you can spend on a mortgage payment. If you manage your money smart and know your finances, this shouldnt take you hardly any time at all. On the other hand, if you dont know your finances, this will take you a long time indeed.

If youve already purchase your first home, you should always avoid taking any type of home equity loan. These loans can be very tempting when you get in an emergency and need cash, although most home equity loans add up to more than the value of your home. You should never, under any circumstances take a home equity loan, as there are many other ways that you can clear up your personal problems without having to jeopardize your home.

Keep in mind that the above are just a few basic tips and that there are many other things youll need to know before you buy your very first house. Youll need to be familiar with private mortgage insurance, special loan programs, fixed rate and adjustable rate mortgage, and several other things. Buying a home is an easy process, once you know a bit about it. If you familiarize yourself with buying a home and learn all that you can about what is involved, youll find the home buying process to be easier than you ever thought possible.

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Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : A guide for real estate agents

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A guide for real estate agents

If you are just starting out as a real estate agent, it can be difficult to get started selling commercial real estate. However, commercial real estate is the big money maker in the real estate business. Since commercial real estate has become quite popular since it is such a money maker, it can be difficult and expensive to get started in this type of real estate. There are, however, a variety of ways that you can get started and start getting more commercial real estate deals if you are willing to do a little work.

Online Free Ads
One great way that you can get started in selling commercial real estate as an agent is to use inexpensive methods of advertisement. One great way to get the word out there about the property you are trying to sell is to use free online ads. There are a variety of different websites that are available for you to post classified ads on that list a property, or even multiple properties for sale, and the great thing is, you will not have to pay a penny. Not only is this a cheap way of exposure, but it is also a quick way to get your property noticed. Many times, your ad will be seen quicker when you put it on the web and by many more people. Local newspapers take more time and money to get you the exposure and only reach a local group of people, while advertising with free online ads can get your world wide exposure and help you sell the commercial property.

Free Real Estate Publications
Another way that newer real estate agents can get their commercial properties noticed is to advertise them in free local real estate publications. Whether it is a publication specifically for real estate or a publication that only includes real estate, this is a great way to advertise your property for free. This is an excellent way to gain local exposure, not only for the commercial property you are trying to sell, but also for you as an agent. Make sure that you continue to run ads for your property in these types of publications. Even though at first you may not see results, remember that many times it takes awhile for commercial real estate to sell, but perseverance can lead to a large pay off when you finally sell the property.

Quality Signs
If you are trying to sell a commercial property, especially one that is near a well traveled road, you may want to invest in a quality sign to advertise the commercial property. A small unprofessional sign may not attract any attention at all, but a larger sign that is well crafted and attractive can get the attention of many people who are driving by. You never know who may drive by the property and see your sign. While it will take a bit of money to get a great sign, it will be worth the money that you spend to get your property noticed. One never knows when a local business will need a new site, or someone with money to invest will be looking for an opportunity, and your sign will make sure that they will see your property when they drive by, which may lead to a sale.

Establish Business Connections
As a new real estate agent, one of the best things that you can do is to start establishing business connections with a variety of different people. Speak with other real estate agents that are successful in selling commercial real estate and learn from their mistakes and their successes. Also try to get involved with local business people and know the market that you are trying to sell in. Often, if you can get the word out that you have a great piece of commercial property, it may spread to the right business people that will want to check it out. A great deal of being successful in the commercial real estate market has to do with the connections that you have, so work on making various business connections.

Find Your Own Leads
Even if you are working in a brokers office, you should not expect the leads to be coming your way within the office. More than likely any leads within the office will be given to someone with more experience in commercial real estate until you have proven yourself to excel in this field. You will have to take the initiative to get the job done, and it is possible with a great deal of hard work. Check out the Chamber of Commerce in your area and find out who the business people are. You may also want to attend local zoning meetings where you will meet prospective investors who are looking for great properties. Even hitting up your local golf courses can help you make friends with local business people who may be prospective clients.

While it may be difficult to get started as an agent in commercial real estate, it is definitely possible if you are willing to work hard. Using the internet to advertise as well as free local publications can get the word out quickly and inexpensively so you will save money and get a broader base of exposure for what you are selling. Signs will also provide great exposure and show that you are serious about the commercial real estate business. Also important is making the right contacts and finding your own leads so you can excel in this business and prove to be a great commercial real estate agent. There is a great deal of money to be made in the commercial real estate industry, and hard work, dedication, and patience on your part can help you become successful.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Negotiating price in real estate investment

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Negotiating price in real estate investment

In commercial real estate you are constantly going to be using negotiation skills. Your negotiations skills will be put to use, not only in the process of creating an offer and working to get it accepted, but also with your contacts, brokers, buyers, sellers, engineers, and lenders. In any situation where there are more than two interests, you can rest assured that negotiations must take place in order to satisfy everyone's goals.

Many people are afraid of negotiation, usually due to lack of experience. Once you begin practicing your skills, it will get easier for you, and may even become fun! Negotiation is filled with tactics and problem solving that are used to yield the best results for each party. Being a good negotiator is very important to this business.

There are different negotiating styles that work for some people, and not others. For example, some find success with a very strong, even intimidating approach in negotiation. I prefer to use a straight forward approach. I am prepared, informed and persuasive. I am confident, as I have anticipated the questions and concerns the other party may have, and will answer them, as needed. This helps me to clearly and confidently negotiate terms. As a result, closing deals is often easy and fun. It is true that different styles should be used in different situations, so study others who negotiate and develop a style that works best for you!

In commercial real estate, as in most businesses, it is best to yield to an agreement that is win-win, meaning both parties are satisfied with the results at some level. If the strongest concerns of each party are addressed and a solution results, the agreement is of mutual benefit to both parties.

If you are not familiar with negotiation, I suggest that you take a class, purchase a book, or find a seminar that covers the basics of negotiation. There are many generic tips and tactics that will sharpen your negotiation abilities, and make it easier for you to get what it is that you want out of an opportunity.

In commercial real estate, there are specific negotiation tactics that can be written into contracts. Many of these tactics require some creativity and are specific to certain situations. Don't be afraid to get creative; after all, this is where commercial real estate gets really fun! You'll be surprised how you don't have to have everything figured out when you put a property under contract!

In commercial real estate, it is always a good idea to write a letter of intent before actually purchasing a property. In residential real estate, a letter of intent is usually not necessary, but in commercial real estate, I consider it a necessity.

The letter of intent should be clear, concise and not in legal format. It should appeal to the owner as a direct, personal letter, explaining your purchasing intentions with the property. Many people put in terms, closing dates, length of due diligence, and so on in the letter of intent. Negotiation can take place here, without any money being permanently spent by the buyer, or a deal completed. It can open a dialogue between you and the buyer, and start negotiations early in the game without anything being set in stone.

Another tactic that can be written into the letter of intent is known as an option contract. This option contract is a good way to investigate the property; you then have time to begin putting together a deal to make sure it is feasible. You can offer a certain amount of money to tie up the property in order to do some initial research, and not even mention closing a deal yet. This is a great option that can allow you to decide to move on with a property and begin negotiating, or simply move on to the next opportunity in a short amount of time. The option can be as simple as 15 days to do some preliminary work with ,000 at risk. At the end of the 15 days, you may option for a full due diligence period and continue with the purchasing process.

When negotiating an offer, and you still have some questions left unanswered that will be unveiled during the due diligence, you can always write an item subject to or contingent upon the ability for you to do to the property what you intend. For example, if you are purchasing raw land zoned R-1, single family housing, and the broker mentions that the city would be supportive of rezoning the property commercial, which would greatly increase the return on investment, then you could write in the contract that you will purchase the property if you can get the property rezoned to commercial. This is done often, and works with many different variables that could affect the use of the property.

Writing in contingency clauses can be a great way to protect your interest and make sure that you end up with a property set up properly with a favorable exit strategy.

As we all recognize, seller's have specific needs that need to be met. A buyer may really want to take the opportunity that the property would provide, but realizes that he or she may not be able to satisfy all the needs of the seller up front. A negotiating tactic that would work here would be for the buyer to satisfy the seller's needs in two or more parts.

The buyer could set up two dates to pay the seller- with money in the beginning, and then money at the end of a certain period. This would allow the buyer to take the profit that he made from the property, and give the seller his money. As long as you satisfy the basic, up front needs of the seller, he or she may be willing to accept these terms, and you are on your way to fulfilling another opportunity!

As there are many other negotiating tactics that you will create to satisfy the requirements to make a solid deal, there is a really great tactic that allows you to continue to invest money into commercial real estate without paying taxes on capital gains! This option was made possible through the Internal Revenue Service tax section 10-31, better known as the 10-31 Exchange. This allows for sellers to use the profit from the sale and reinvest it in another commercial property without paying one cent in taxes! Can't get much better than this for investors!

There are investors who are strictly involved in 10-31 exchanges, and it is a great way to keep the cash flow moving from one property to another with the benefit of full profits and no taxes. Sometime this tactic is a great choice and should be added to the contract when it can be optimized.

As you can see, the negotiation tactics in commercial real estate are there to protect your interests and maximize results. Be creative with these negotiations, and always be confident when walking into a deal. Be prepared, informed and persuasive. It is also necessary for you to keep your emotions at bay and your ego out of negotiations. You have to be prepared to walk away from any deal that cannot be made to fit your needs.

Always make an effort to sharpen your negotiating skills, and finely tune the tactics you use to increase your bargaining power. Having a few extra tricks up your sleeve will enable you to make a deal in your favor and get the results you want.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Condos - a new approach to real estate investment

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Condos - a new approach to real estate investment

Enjoy ownership, luxury, & appreciation in a Condo Hotel vacation home! Considering retirement in a Tropical Climate For many British, Australians and Americans, retirement time is just around the corner. At home, with low interest rates and high cost of living, the prospect of trying to live on a pension, in old age, is a daunting one unless you are prepared to substantially downscale your lifestyle.

For some, moving to retire in another country is an option which has been successful in the past with Spain, Portugal, Mexico and Puerto Rico being among some of the more popular destinations. But why not consider retiring in the Philippines?

Over the past decade, the Philippines has become a retirement haven for thousands of foreigners, particularly the Japanese, Korean, and Northern Europeans. Along with Thailand and Malaysia, the Philippines developed communications, infrastructure, and service delivery systems specifically geared to meet the needs of foreign retirees. Better yet, unlike most European Countries and South America, nearly everyone speaks ENGLISH in the Philippines.

The Philippines offers a significantly lower cost of living. The Philippine Peso (PhP) exchange rate is approximately PhP 48 to $ 1.00 or PhP 96 to 1 Pound [Sterling (GBP)].

Housing, food, and labor costs are quite reasonable. A One bedroom condominium can be purchased for around $ 60,000 or GBP 32,500 or a Studio for only $ 34,000 or GBP 18,000 and one can dine out on average at a three star restaurant for less than PhP 500. If you hire domestic help, a private drivers salary is approximately PhP 10,000/month, while trained housekeepers earn approximately -PhP 5,000/month. These salaries are lower if you live in the provinces.

Cable Television, Hi-Speed Internet and Satellite Communications are cheap. One can hire an air-conditioned taxicab for eight hours for less than .00. In a country where a provincial Governors salary is only PhP 28,000 per month and a Presidential Cabinet Under-Secretary earns PhP 35,000, your pension can go a long way. So, if you have a retirement income of approximately ,500 to ,000 per month (PhP 80,000 to 100,000) you can live quite well in the Philippines.

As for health care, most U.S. Health Management Organizations pay for medical expenses incurred in the Philippines. Check with your HMO. The Philippine Department of Foreign Affairs presently has a task force headed by former Secretary Roberto Romulo working to have the U.S. government accredit a number of first class Philippine hospitals for Medicare reimbursement. The Makati Medical Center, one of the nations best already has such accreditation. Unbeknown to many is that for years, citizens of nearby countries such as Thailand, Nauru, Tonga, Indonesia, and Malaysia have flocked to the Philippines for medical care, particularly sensitive surgical procedures. The quality of medical care at the better Manila hospitals such as the Asian, St. Lukes, Medical city, Cardinal Santos, Philippine Heart Center for Asia, National Kidney Institute, and Makati Medical Center meets international standards.

A Japanese company is building a medical facility in Tagaytay city exclusively for Japanese nationals within the year. There are now close to 10,000 Japanese retirees in the country, and the number is growing annually.

The British government recently acquired a large tract of land in Fort Bonifacio to build a new Embassy. The British ambassador explained the larger facility is meant to help serve the growing number of British nationals retiring there as well. Japanese and Korean investment groups are buying homes and condominiums in Manila, and tracts of provincial land for retirees. This has caused a mini- Real Estate boom in the country. A retirement village exclusively for Japanese nationals already exists in Tagaytay, and more are planned. These are strong indicators of what is on the horizon

English is the Philippines official business language. Most of the people you will meet, from hotel workers, taxi drivers, sales or service people, government employees all speak English, or have a working understanding of it. The middle class speak English, without exception. All major newspapers and major broadcast companies use English. An English speaking visitor will never get lost in the Philippines. It is the universal use of that language that has been a strong incentive to foreigners. As well, communications links within the country and to other countries via the various commercial gateways is up to international standards. For example, the use of cell phones and text messaging is so common that housemaids, street vendors and food hawkers can be seen using their cell phones incessantly.

One will never want for adventure and sights to experience in the Philippines. There is always a colorful Fiesta, pageants, street festivals, and open public events going on. Lush with bountiful natural resources, one can enjoy the numerous beaches, resorts, golf courses, and play just about any sport, except skiing. There is an ice skating rink in Manila, though. Scuba diving and fishing are among the sports which draw the most number of foreigners to the rich aquatic offerings.

Shopping is the Filipinos second most popular activity, the first is eating. Manila is Asias undiscovered shopping Mecca. You will love the golden purple sunsets, the fragrance of the flowers at dusk, and the wonderful array of fruit and food. I used to enjoy watching the Sun set from the bar at the Philippine Cultural Center. There, you can listen to the Symphony, check out a play, or enjoy Grand Opera. There is just so much to explore and discover, especially in terms of nature, culture, and history. If youre a betting man, theres horse racing, the Jai Alai, numerous first class casinos, and of course, cock-fighting. Manila is well known for its exciting night life.

Beth Collingz

Director - PLC International Marketing Networks


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Investing In Real Estate

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Investing In Real Estate

When you are first starting out with investing in houses, you should always look for ugly or bad houses that need a lot of work. These homes are much cheaper to purchase, although they will take some work to improve. You should start out by looking for houses that need some work, such as clean up, painting, and in some cases new carpet. You dont want to buy something too run down, as it could cost a fortune to repair.

If you think of yourself as a handyman and feel that you can do the repairs yourself, you can save a lot of money. On the other hand, if you need to hire someone, you should always make sure that the individual or company that you hire is qualified to do the repairs. If you arent comfortable with doing any of the repairs, you should inquire about a subcontractor or company that will do it for a reasonable price, or perhaps a share of the money once you have resold the house.

If the house you are thinking to purchase and resell has any type of structural problems, you should always get an estimate from a reliable contractor before you make the purchase. If you decide to stay in the business, youll learn a lot more over the years, although you should always hire a contractor when you first start out. Once you get all of the estimates together, you can make that final decision on how much of an offer you want to put down on the property.

After you have a team together and successfully renovated and resold several homes, youll begin to feel quite a bit more confident with buying homes that need repairs. All it takes is time and practice - and youll be buying homes that the average investor wouldnt think twice about. This can be a huge advantage when you are looking for homes to buy and resell, as there will be less competition to worry about. Youll also be able to get a lower price when buying the home, simply because you can use the cost of the repairs to your advantage.

Once you are able to do repairs on homes, including structural problems, youll have a huge advantage in the market. Youll be able to buy virtually any home, including those that other investors choose to ignore. Doing so can be very profitable for you, especially if the house is in a well known and well desired neighborhood. After you have done the repairs, you can resell the home for a much higher price than you paid to acquire the home.

When you start looking for houses that you can repair and resale, you should always take your time and buy the right homes. You wont have the money, time, experience, or support to buy the bigger houses at first, which means you wont have any room for mistakes. Once you have purchased and resold a few smaller homes, youll eventually be able to work your way up to the bigger homes - which is where the big profits will come into play.

Always keep in mind that when you first start out, youll need to take things slow. You can expect profits to come overnight, as it will take you some time to learn. Once you have been at it a few years and have several houses to your credit, youll be ready to tackle anything. At that point - youll make a lot of money in a career that is truly exciting.

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Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Best places for real estate investment

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Best places for real estate investment

Where are the best investment real estate locations? If you have enough experience investing in real estate, you can make money almost anywhere, but there are always places that are better or worse for real estate investments. For maximum profits, you want places that have a better demand/supply ratio. You can use the questions below to find them.

Real Estate Demand

1. Does the area have decent job growth? Ask local authorities and use census information. Ideally, you want to see job growth equal to or exceeding population growth. You also want areas with professional jobs moving in. It is estimated that for every professional job created, there are four service jobs created, and all those employees need a place to live.

2. Is the population growing? You can check the US Census figures online, or ask the local government if they have the statistics. Stay away from areas that have little growth.

3. Is there a decent quality of life? It's subjective, but important. Are there theaters and bookstores? Count coffee shops and cafes. Trendy areas usually have increasing demand for housing. It's also a good indication of a high quality-of-life if people are willing to take lower-paying jobs just to live there.

4. Is there wealth in the area? It's a good sign when there is some degree of wealth in a town. Look for nice homes. Wealth means everything doesn't die when the economy slows.

Real Estate Supply

1. Number of homes for sale? Lower supply of homes for sale means upward pressure on prices. This indirectly drives up rents as well, which makes for better investing.

2. New construction? Census figures can tell you what's happened over the last ten years. Check with the local authorities to see if the the number of housing units they've issued permits for is more or less than the expected population growth.

3. Rent and vacancy levels? Rents have to be high enough, and vacancies low enough to justify investing. When we first came to Tucson, every building had vacancies We saw a man holding a sign that read, "Apartment - 0 Per Month." A great place for renters, but not so great for landlords.

4. The available land that is buildable? Of course, less available land is better for future appreciation. When the land runs out, the prices start accelerating upwards.

When you use these questions to compare various towns and cities, you'll see the differences more clearly. You'll have an idea about how housing demand compares to supply in each. This will help you pinpoint the best investment real estate locations.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Buying Your Dream Home

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Buying Your Dream Home

Even though its not easy for everyone to buy a home, it is in fact easier than ever to get a home these days with most lending agencies and banks being more liberal than ever with providing home loans and mortgages. Even if you dont have a lot of capital or a lot of money to put down, you can still get the home of your dreams at a very affordable price.

A lot of us think that buying a home is a tough process, needing a large down payment, although this isnt always the case. Buying a home largely depends on your budget. If you put a down payment on your home purchase, it will go towards your overall purchase. The more money you put down on a home when you purchase, the lower your monthly payments will be.

Those of us who dont own a home live in rental houses and apartments. This can be a worthwhile solution, although your still paying money towards your housing that you could instead be putting towards a home of your own. Owning a home is a dream for many of us, especially when it comes to that dream home that we all hope to own one day. Apartments and homes are great to rent - although most these days will cost you just as much as a mortgage payment - which doesnt make any sense at all.

Instead, you can easily convert your rental payments into monthly installments towards your own home. All across the United States, you can find of lot of banks and lenders that offer easy to get loans for purchasing your own home or real estate property at low interest rates. With a lot interest rate, you can get the home of your dreams and enjoy low monthly payments.

Keep in mind, you need to choose a loan plan thats best for you. You can go through bank, through a lender, or use a service online. There are many different ways that you can go, although real estate agents seem to be the most common now days. Good real estate agents will be more than willing to help you get a great deal on the home, at prices that are right for you. Anytime you buy a house, you should always plan ahead, get yourself a real estate agent, and then pursue your dream home.

If you plan your budget and take things one step at a time, youll be closer than you think to the home of your dreams. If you choose to keep renting and pay money toward something you dont own - the home of your dreams will continue to slip away. Take action now and stop renting - find the home of your dreams and put your money towards owning it instead.

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Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Knowing When Your Ready To Buy

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Knowing When Your Ready To Buy

All across the United States, there are millions of people looking to a buy home - either now or in the future. Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a home. When most people stop and give it some thought - buying a home makes a lot more sense than renting a home or an apartment.

In order to buy a house, youll need to start saving your money and have enough for the closing costs and a down payment. Your down payment will normally need to be around 15% of the price or the value of the property - whichever is lower. To be on the safe side, you should always try to have 20% to put down. If you arent able to put 20% down, youll need to buy some private mortgage insurance, which will cost you more in terms of your monthly payment.

In most cases, the closing costs will run you around 5% of the property price. Before you purchase the home, you should always get an estimate. An estimate wont be the exact price, although it will be really close. You should always plan to save up a bit more money than you need, just to be on the safe side. Its always best to have more than enough than not enough.

Youll know your ready to buy a home when you know exactly how much you can afford, and youre willing to stick with your plan. When you buy a home and get your monthly mortgage payment, it shouldnt be any more than 25% of your total monthly income. Although there are lenders out there who will say that you can afford to pay more, you should never let them talk you into doing so - but stick to your budget instead.

Keep in mind that there is always more money involved with a home other than the mortgage payment. You also have to pay for utilities, homeowners insurance, property taxes, and maintenance. Owning and caring for a home requires a lot of responsibility. If youve never owned a home before, it can take a bit of time to get used to.

Before you fill out any applications, you should always look over your credit report and check for any errors. Although you may think you dont, you can easily get an error on your credit report and not even realize it. If you have an error on your credit report, it can cost you a lot of money in interest rates. An error will decrease your credit score, which will put you in a higher interest bracket and ultimately cost you a lot more money in the end. Therefore, you should always know your credit before you approach a lender.

If you check your credit report early enough, you may leave yourself enough time to fix any problems and get your credit back on track. Rebuilding credit can take time though, sometimes even years. You should always plan ahead - and give yourself plenty of time to fix your credit.

Buying a home will require a bit of commitment on your behalf. You should always strive to get the best possible deals, which means knowing your credit and where you stand. This way, you can get the best interest rates. You dont want to buy a home with bad credit, simply because youll pay a lot more money for the home. If you take the time to fix any credit problems and save up some money - youll be able to get a much better home for your money.

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Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : How to buy high priced property using commercial loans

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How to buy high priced property using commercial loans

Acquiring a real estate through ones own resources is not possible for every aspirant as it requires huge funds. In modern business world, however, buying real estate has become a regular feature since it is viewed as highly profitable investment. Commercial real estate loan has been tailored for the purpose of easy and smooth buying of desired commercial real estate either for business or investment. The borrowers can utilize commercial real estate loan in buying shops, hospitals, pubs, restaurants, guest houses, industrial units or any property that has commercial angel.

There are some requirements from the lenders that have to be fulfilled for availing commercial real estate loan. The borrower is supposed to place the title deed of the real east in consideration as collateral with the loan provider. Thus the loan is fully secured. The title deed will be returned to the borrower once the loan is paid back with interest. The borrowers are also required to put some down payment. Often the down payment is up to 20 percent of the real estate value. Rest of the amount is divided into equal monthly installments. So, higher the down payment, lower the installment amount will be.

A huge amount is at stake in real estate purchasing. Lenders can even fund 1000000 under commercial real estate loan for purchasing a commercial property. The lending amount depends on repayment capacity, financial standing and credit history of the loan seeker. Commercial real estate loan comes with an Annual Percentage Rate ranging from 6 to 20 percent. The borrowers have the option of availing the loan at either fixed or variable rate of interest. The fixed rate remains constant throughout the loan repayment duration and the borrower knows how much is to be paid towards the loan. Variable interest rate will be charged as per the current market rate of interest which may increase as well.

To repay the loan, borrowers have the choice of 10 to 30 years of repayment term to choose from. Remember that lower repayment term results in higher monthly installment amount. The loan amount and repayment term should be decided carefully keeping ones repaying capacity in mind. Otherwise, the borrower may lose the commercial real estate to the lender who may go for its repossession.

While applying for commercial real estate loan, instead of regular lenders, opt for online lenders. No documentation and fee is demanded from the lenders when applying online. Another advantage is that you get number of loan offers in response to the application and can pick up suitable loan package having easier conditions. Before concluding the loan deal, consult a real estate attorney to avoid any pitfalls.

Commercial Real Estate Loan should be taken in such a way that it makes you financially stronger. Pay off the loan at due date so that you remain in the good books of the lenders.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Flipping A House For Cash

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Flipping A House For Cash

A lot of people these days are preaching about the buying and holding method of gaining wealth with real estate. There indeed may come a time in your life or business when youll want to hang onto a piece of property, although youll only be interested in keeping certain types of property. If youre just starting out, flipping a house may be an ideal way to get started.

Basically, there are three ways that you can flip a house, although each one has its own terms, motivation, and type of property. The first method is known as retailing. What this means, is that you buy a house in bad shape, do the repairs to fix it up, then turn around and sell it. There are a variety of houses in need of repairs out there, and several ways that you can quickly flip a house to net profit. All you need to know are the techniques that will get you the most money in the least amount of time.

The second way you can flip a house is though wholesaling. Wholesaling involves finding a home for sale then flipping it to an investor for a fast, yet small profit. To do this, youll need to know the real estate investors in your area, the types of homes that flip the best, and how to fund your property so you can flip it to them. If you live in a big area or a city, youll find that using the wholesaling method of flipping houses is actually easier to accomplish.

The third way to flip a house is by assigning the purchase. Using this method, youll commit to buy the house. Instead of closing the deal yourself, youll assign it to a real estate investor - of course for a small fee. The investor will take the contract over and close the purchase themselves - flipping the house. This can be very profitable, especially if you invest in the right home. You dont need to have your contract worded any special way to be legal, although you will need to determine the assignment fee.

If youre looking to break into the real estate market and make big bucks, youll need to learn all about flipping houses. Flipping houses is very profitable, especially once you have learned the basics. The first and third methods are the best, although they will both take quite a bit of work on your part. Restoring homes isnt easy, and youll need to have a team qualified to handle any repairs. Assigning the purchase may be difficult when you first start out, although it will get easier with time. If you stay at it and do your best to make a profit - youll be an expert at flipping homes in no time at all.

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story : Best Miami real estate agent

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Best Miami real estate agent

Whether you are buying a home or searching for Miami real estate investments, hiring a professional real estate agent can make a difference. A real estate agent can not only help you in finding the right home at the right price but the real estate agent can help you make the buying process run smoothly and easily.

But of course, you need to have the right real estate agent. In order for you to have the right real estate agent, ;you have to spend some of your time doing some research and asking several questions that you need. As soon as you found the right real estate agent, you will be very glad that you need that time in finding that person.

Before you actually get started in looking for Miami real estate home, as a home buyer you need to educate yourself first. You need to know everything about the buying process. It is advisable not to depend all of these things to your real estate agent. You have to take time in finding out about the market and knowing some strategies that can aid you in your quest. This can help you found out for yourself how reliable, trustworthy, competent and honest your real estate agent is. The more you know the better it is. But of course, having a real estate agent is still a good way in making the process run smoothly since there are things that the real estate agent knows that you do not. Actually, a real estate agent can get combinations and keys for viewing properties quickly than you do.

In your search for real estate agent, you have to make sure that he/she is very much familiar with Miami real estate market. The real estate agent should know the area and community that you wish to purchase a home or property. It is advantageous that you hire a real estate agent that has a huge knowledge about the area and as well as the current market value. The right real estate agent can aid you find the best property and can make you save thousands of dollars.

In finding a real estate agent, you can ask for recommendations from family and friends. Then you have to contact few real estate agents and schedule them for interview. In there interviews, you have to take time in asking few questions. You have to ask and know how long they have been in real estate. If they work full time and how familiar they are about the market. You also have to ask about their experiences in real estate. Asking questions such as how many sales have they worked with last year, the price range of those homes they sell, how often they have worked with a buyer or a seller and so on.

You have to find and have a real estate agent that is communicative, honest, trustworthy, and well-educated. Finding the right real estate agent can aid you in finding the best property in Miami real estate and can give you a smooth and perfect real estate experience. Shop around for the right real estate.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


story : Choosing Your Real Estate Appraiser

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Choosing Your Real Estate Appraiser

If you have been thinking about purchasing a real estate property for personal use or as an investment, youll need to hire the services of a real estate investor. If you play to finance your home through a bank or other lender, youll more than likely need to get the property appraised first. Banks and most lenders want to know the value of the home for your protection, as well as make sure that the home they are financing is worth the total amount that you take on the loan.

In most cases, the appraisal indicates that the home does indeed meet or exceed the asking price. In some cases however, the appraisal will come back saying that the home is worth less than the selling price. If this is the case, the buyer normally has to either drop the deal or try to negotiate with the seller to get a price that meets the appraisal.

For those very reasons, a real estate appraiser is very important. When you are dealing with a home, one appraisal can make a deal or break it. Even though you may not be financing your purchase through a lender or the bank, you should still make an effort to get the home appraised and find out the true value. You should also make a point to find the best appraiser that you can afford. If you hire an appraiser who isnt that experienced, youll pay for it later when you discover that the property isnt worth what you paid for it.

A real estate appraiser will go through the home performing an evaluation, and then provide you with a written evaluation after he has gathered all necessary information. Appraisers will also taken into consideration the replacement costs as well. Also, they will have to very land descriptions as well. There is a lot of work involved with appraisals, which is why its so very important that each step of the process is performed correctly by a qualified real estate appraiser.

If you have a real estate agent, he or she will more than likely be able to make a recommendation. Keep in mind that this doesnt mean the recommendation is the best; its just someone who your agent works with. To ensure that you get the right appraisal on your home youll need to find yourself an appraiser who is capable of completing the job.

When you look for your real estate appraiser, you should look for someone who comes highly recommended. You can ask family and friends for their opinions, or search local papers, even the Internet. If you take your time and search for the best real estate appraiser that you can find youll normally get an appraisal that is right on target.

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story : Buying Unfinished Homes

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Buying Unfinished Homes

Unfinished homes present a great way to save a lot of money and get yourself a new home in the process. If you buy an unfinished home, you can keep your monthly mortgage payment low and also lower your initial investment. You may also be able to buy a larger foundation size as well, which you can easily add on to and save money in the process.

Normally, unfinished starter homes leave the upstairs area unfinished. The question here, is just how much equity you want to put into an unfinished area. Sometimes though, an unfinished home may leave the roofing, framing, plumbing, or electrical aspects unfinished. Before you make a purchase, you should always decide how much money you have to finish what needs to be finished.

If the home you are looking at has plans for a garage, you can save thousands if you decide not to go with the garage. On the other hand, if there is another attached room that is planned to go onto the house, you can save just as much if you decide to forgo it. There are always ways that you can save money just by looking at the plans. Unfinished homes may have other planned on additions as well, in which you can save a lot of money just by leaving them out.

The is something that you should always keep in mind. When builders acquire a piece of property that they plan to build a home on, they will do everything they can do make as much money as possible on their homes. You might be able to get them to agree to some of these ideas, although they probably wont agree to all of them. Building homes can be a very profitable business - which is why most companies like to build their homes exactly as the plans call for.

When looking at unfinished homes, you also need to look at what banks are willing to accept. If you are planning to get a mortgage, most banks will need to ensure that the home is up to local codes and in living condition. What this means, is that there will need to be a living room, bedroom, and other rooms finished. If the home is lacking quite a bit in terms of being unfinished, most banks wont give you a mortgage.

Most banks are also known to turn down unfinished home mortgages that they feel will have trouble selling in the event that you default. Normally, the entire downstairs area will need to be finished, along with most of the landscaping. You might be able to do some of it yourself and save money, although in most cases the home builder will need to do a majority of the topsoil and grass just to satisfy the bank. Banks have strict requirements when it comes to unfinished homes, which is why you should always check with your bank before you invest in an unfinished home.

As most of us already know, buying an unfinished home provides an excellent way to get into the housing market and get your very own home. Unfinished homes also allow potential buyers the chance to grow into their home along with their family. If you are interested in saving money, you should be sure to talk to the builder. This way, you can go over the plans and decide what doesnt need to be there. In most cases you can save a lot of money and still get a home that will provide years and years of memories for yourself and your entire family.

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story : Real estate investment in Alaska

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Real estate investment in Alaska

Alaska is the biggest state in the Union and tends to be a take it or leave it proposition for relocation. For those choosing Alaska, the real estate market is a solid investment.

Alaska

Known as the great land, Alaska seems like a harsh, remote wilderness and certainly nowhere anyone would want to live. These assumptions are blown away once you visit and are overwhelmed by Mother Nature at her absolute best. From magnificent mountain ranges to ocean shores to glaciers to raging rivers, Alaska is an outdoor enthusiasts dream. In a state that compromises fully 20 percent of the total land mass of the United States, there is practically nothing that cant be found. On a personal aside, Denali National Park is a place you should visit at least once in your lifetime. It will leave a mark and give you a new respect for nature.

Anchorage

Anchorage is home to roughly forty percent of the human population in Alaska as bears, moose and so forth seem to prefer other areas. If youre flying in to Alaska, Anchorage is going to be your destination. Overall, Anchorage is a sprawling, chaotic city. It has received more than its fair share of criticism for being un-Alaskan, but it is the primary choice of homebuyers looking for a big city in Alaska.

Juneau

The state capital of Alaska, Juneau is the best city in Alaska in my opinion. The city abuts rain forests, mountains and the Gastineau Channel. Named after the first prospector to strike gold in the area, Juneau is a collection of modern amenities with old world charm. Buy a home in Juneau and youll wake up every morning to the most spectacular views in the world. Put another way, Juneau is where the cruise ships stop in Alaska.

Alaska Real Estate

In a state as large as Alaska, prices can vary tremendously. Property in small towns can cost next to nothing, but lets focus on the biggies. 0,000 is the average cost for a single-family residence in Anchorage, while it is going to take 0,000 to buy the same home in Juneau. For 2005, homes in Alaska appreciated at a rate of just over 13 percent.


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story : Real Estate In Italy

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Real Estate In Italy

The visual appeal throughout Italy is something that simply cannot be denied. Italy is a stunning nation, with beautiful lakes, mountains, and ancient cities that are teeming with history. Italy is known as a very romantic nation, with plenty of romantic appeal and activities for your entire family. It also boasts a perfect climate with warm waters that are graced by the Mediterranean Sea.

Throughout Italy, there are no restrictions on foreign ownership on real estate, meaning that buying and selling is pretty much a straightforward process. The first thing you should do however, is to get yourself an independent lawyer, one who will work on your behalf. The lawyer can translate any necessary documents into English so you can understand them. He will also act on your behalf, ensuring that you get a great price for the property you are interested in.

If you are planning to purchase a home in Italy to move to permanently, you may want to sort out your residency status first. Doing so will save you a lot of money in purchase taxes, simply because you will be paying Italian taxes. Residency status in Italy holds several key benefits, which includes property taxes.

There are several real estate agents to choose from in Italy, which makes it in your best interest to contact some of them with your requirements. Doing so will help you get a better prospective on the market and determine what you can purchase for your money. If youve never been to Italy before, you should always allow yourself ample time to get used to the area and check out some of what Italy has to offer.

There are many delights throughout Italy, although you shouldnt let the romance or dream of living in this fine nation steer you away from your task at hand. You should always think about the property you are interested in purchasing, and listen to your real estate agent. If he or she tells you that a property isnt worth the purchase, you should listen to what your agent has to say and avoid purchasing a property due to the location.

If you plan to buy rural properties or property that needs renovation, you should be sure to ask the necessary questions, such as the title and deed, access to the property, boundaries, and whether or not the property needs to be surveyed and appraised before you can make an offer. If the property needs renovation, you should always have it estimated. Building expenses in Italy are very high, and they can easily spiral out of control. Before you commit to anything, you should always know your expenses and where you stand with finances.

Once you have found a property that you are interested in, you can make an offer. Keep in mind that if the offer is accepted, it will be valid for 2 weeks, while the preliminary contracts are being created. Once you get the contracts, you should have your lawyer look them over. Youll need to pay a deposit as well, if your offer is accepted. At that point, you will pretty much own the property and will pay on it until you have it paid for.

Whether you are looking for a second home, vacation home, or just another property, Italy is a great place to invest in real estate. There is always something going on here, and always plenty of romance in the air. For a honeymoon, Italy cant be beat. If you buy a home here - youll find Italy to be a nation like no other.

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story : Good property investment opportunity - Arizona

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Good property investment opportunity - Arizona

If you're looking to move to a new state, Arizona real estate is definitely worth a look. Following is a primer of the state and the FSBO Arizona real estate market.

Phoenix

Phoenix is by far the largest city in Arizona and it is growing fast. The sixth largest city in the United States, Phoenix is the official and economic capital of Arizona. The city is growing at such a high rate that it has engulfed the accompanying towns of Scottsdale and Tempe. Phoenix has a perpetual new feeling to it, which leads to criticisms that it has no inherent culture or roots.

If you want to attend sporting events, Phoenix has a nice selection. The city has professional baseball, basketball and football teams. Phoenix even has a professional ice hockey team, the Phoenix Coyotes. Only in America could a city in the middle of the desert have an NHL team!

If you're looking for warm weather, Phoenix is the place. During the summer, average temperatures are usually above the 100 degree mark without much humidity to speak of. Evenings can get cool during the winter, but day time temperatures remain in the 70's.

Flagstaff

Unlike Phoenix, Flagstaff is a town that reeks of the more historic Wild West. Sitting on the famous Route 66, Flagstaff is a college town because of Arizona State University. The University, better known as "ASU", has over 30,000 students who more or less dominate Flagstaff. If you like the feel of a college town, skip Phoenix and consider Flagstaff for your real estate needs.

Arizona Real Estate

Arizona real estate is very reasonably priced compared to other states. The average home price in Phoenix is in the low 0,000s. Arizona has, however, become a hot real estate market with home values appreciating over 25% in the last 12 months.

Arizona is a take it or leave it state because of the heat index. If you prefer hot, sunny days, Arizona real estate may be a very good investment.


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story : Finding A Real Estate Agent

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Finding A Real Estate Agent

Whenever you buy or sell real estate, you may be like millions of other people out there, in thinking that you dont need a real estate agent. Most people who buy or sell homes, generally think that a real estate agent is a waste of money. Those who choose to buy a new home, think that real estate agents only add to the cost of purchasing the home.

What most people arent aware of, is the fact that real estate agents are normally paid by the seller, not by the buyer. As a buyer, youll get to work with a professional real estate agent without really having to pay for it yourself. The policies can vary greatly from state to state and company to company, which is why you should always check any paperwork or contracts that are provided to you to ensure this is the case. When you are interviewing agents, make certain to ask about any type of fees as well.

A lot of real estate agents out there may work with both buyers and sellers, although most specialize in working with either the buyer or the seller. If you are buying a home, make sure that the agent you choose has prior experience of working with buyers and transactions that involve no money down. This way, you can count on your agent to be there when you need him the most - especially if you dont have a down payment.

If you are interviewing a real estate agent and he or she isnt familiar with down payment assistance programs, you shouldnt hire their services. Agents who arent familiar with these types of programs generally arent on the level, or they may lack the experience necessary to help you purchase the home of your dreams.

You can also make a list of real estate agents that you can interview based on referrals from friends, lenders, and even family. Lender referrals are normally a great choice as most lenders have worked with their recommendations in the past and both are already familiar with each other. Choosing a lenders referral can also prevent you from encountering any obstacles or surprises.

When you interview a real estate agent, make sure that you have the agent explain his fees. This way, youll know exactly how much he will be getting from the purchase. You should also find out how much experience he has in the field, and how long he has been working with real estate. You can also ask about sample contracts as well. If you are buying a home, you should make sure that the agent works with buyers. If you happen to be selling your home, then youll want to make sure that the agent works with sellers. Agents that are dedicated to one or the other are the best to choose, as they will have more experience than agents who work with both buyers and sellers.

Find a real estate agent is an easy task - providing you know what to look for. If you take things one step at a time and carefully make a decision, chances are that youll end up with an agent who has the experience you want. You should always be careful when you choose, and never rush the process. Real estate agents are easy to find, although finding one who fits your needs and has your budget in mind is a little tougher to locate. When you make that final decision, you should always choose an agent who has your best interest in mind - and isnt just after the money.

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story : 3 pitfalls of real estate investing

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3 pitfalls of real estate investing

So youve seen your umpteenth infomercial with the guy in his neatly pressed button-upped white T-Shirt grinning ear to ear waving his rock-solid no-money-down rags-to-riches real estate investment course for 3 easy payments of a gazillion dollars (but only if you call now) and now you are thinking, "wow this looks like a great deal, I better get it fast before the special offer expires." You notice how theres always a special offer? Anyway, I am not saying this guy isnt telling the truth, however regardless of which course or school of thought you buy into there are several key areas that one must avoid when engaging in any real estate related transaction.

Pitfall Number 1: Dont Overpay!

The whole point in investing is to find properties that are undervalued. How does one find out what is undervalued versus overvalued? Without getting into technical details, the bottom line is you need experience. Yes much like shopping for anything else, real estate is essentially one of the highest ticket items in the shopping center of life. Its advisable to stick with one market, perhaps the one closest to you in proximity as a starting off point. Through your experience and asking the right questions, you will eventually have a feel for the pulse of the market you are looking after, and of course identify what is considered a good buy.

Pitfall Number 2: Know the Market

Yes, you are actually going to have to do more work! This part is really common sense though, but executing it where the beauty and the payoff comes in. How do you make money in real estate? The most basic way is to buy low and sell high. So from the first step, you have identified general trends in the value of homes, and are pretty good at spotting undervalued homes. Assuming you acquire that home, you may want to profit from it by selling it off to someone else for a higher price. How can you do this? Well there are many ways. For one, most markets appreciate in value over time so if you want a longer term approach that will work. Making upgrades to the property will automatically raise the price of the home as well. Think in terms of what the market wants, not what you personally want. You arent the one buying it; you are trying to sell it to someone else for a higher price than you bought it.

Pitfall Number 3: Know Your Budget

It may be a fine philosophy to go through life on a whim, but real estate is serious business, and thus diligent financial planning and budgeting is critical to your success. Dont worry you dont need to be a finance geek, however you need to be disciplined and know your budget from the onset, or you may be finding you are learning that you need to make certain renovations or upgrades, and didnt anticipate it going over to a certain cost. Think ahead as to what is needed before actually going forth with investing in real estate.


Miami Beach Real Estate property Agents Sell/Rent Miami beach property


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