Posts Tagged ‘real estate’

Miami Beach Condo: Gaining Popularity During Troubled Times

May 13, 2008

Miami Beach has always been a favorite vacation spot for many of the locals and foreign individuals. The tropical climate is perfect for those who wish to enjoy the white, sandy beach the Miami is known for. The sights and sounds around the area, as well as the commercial and entertainment areas also add to its popularity.

This is one of the reasons why Miami Beach condo is a big hit, and is till is despite the current status of its real estate market. Ever since 2006, the market declined as the number of foreclosed units increased. This is practically due to the devaluation of the U.S. currency, as well as the soaring interest rates during the mortgage bust that hit the nation.

The Popularity Of Condominiums

As expected from being a city of tourists, the condos in Miami Beach can only be described as luxurious. Each suite has its own balcony that overlooks the beauty of Miami Beach, Florida.

The interior of the condos are fully furnished, ranging from beds to kitchen utensils and from entertainment systems to laundry – everything is provided for the convenience and comfort of its occupant. Also, the building itself is never without its additional services for their tenants. Swimming pools, 24-hour service desk, security, fitness and entertainment lounges, restaurant, and so on, are readily available for use.

The South Beach district of the city holds high-rise condos, which is quite famous for expatriates and corporate individuals. The area around these high-rise, expensive condos offers recreational areas and commercial facilities, such as boutiques, fine-dining restaurants, entertainment complex, and, of course, the amazing Art Deco district.

The Mortgage Bust

It is true that there has been a major decline in condo acquisition in Miami Beach, unlike the time during market boom in 2005. Foreign investors are now taking the lead in condo acquisition, as the locals are backing out due to the rising prices and the high interest rates of many financial loans in the city.

Ever since the mortgage bust, many financial lenders are become stricter in their mortgage policies, and coupled with high interest rates, made it almost impossible for the locals to get their hands on a decent loan for condo acquisition. The devaluation of the U.S. currency is not helping the matter out either.

But despite these hindrances in the real estate market, condo acquisition is still on the rise due to foreign customers. The Europeans are enjoying the inflation of their currency value, thus finding these Miami Beach condos quite cheap for the taking. And since they have their own financial aid in their specific countries, they are not affected by the soaring interest rates that gripped Miami Beach.

It is true that the condominium market in Miami Beach is not as good as what the area experience in 2005, but the rising popularity and the increasing, yet low, real estate market is a sign of recovery in the next few months.


Ways To Increase Your Real Estate Blog’s Traffic

May 13, 2008

As with any business, the more who knows about your venture, the more profit you can get from prospective customers.

This is also the same with online business, especially where real estate is concerned. Real estate blogs allows you to expand your presence to those outside your physical area. Instead of focusing your market in one location, blogging can give you the world as your target customer.

The success of your real estate blog, or your online business, is the number of traffic you get from it. In truth, you can only be popular when there are people visiting your site, thus increasing the number of prospective clients. But the question still stands: how can you improve your site traffic?

Search Engine Optimization (SEO)

One way to increase your site traffic is using search engine optimization (SEO). Since search engines uses keywords to look for information across the World Wide Web, customizing your site to incorporate these keywords will guarantee your place in search engine results.

You can do this by including keyword-rich content in your site so that it can be spotted easily by searching engines. You may also want to put keywords on links, titles, and other areas of your site to maximize the coverage of these searches.

Don’t Turn It Into A Hard Sell

Not everyone visiting your real estate blog is planning to purchase a property. Some of these individuals will just be browsing through your contents if they find it interesting. Avoid hard-selling at all cost, since this might discourage some visitors from ever coming back.

To make sure that they come back for more, try to post interesting topics that will slowly push your visitors to talk business. You can incorporate real estate news, trends, tips and tricks in getting a real estate, and so on. The more varied your post is, the bigger the chance that your visitor will come back for more.

Advertise Your Real Estate Blog

Concentrating on your blog alone will not guarantee more people knowing about your online presence. You may want to advertise your blog to different sites to spread the word around. You can visit real estate forums and advertise your site. You can also subscribe to different Web directories and propose link building with other site to widen your influence and increasing your traffic.

Maintain Your Blog

It is true that using these techniques will improve your online business venture, but this is usually not enough to guarantee better results. You have to continuously update your content and incorporate new marketing techniques from time to time. Note, however, that applying these methods will not guarantee results overnight, this takes a lot of time and effort on your end reach your goal.

Vanessa Arellano Doctor

Investing In Florida Real Estate

May 13, 2008

Even if the real estate market in Florida is in total decline due to the mortgage bust the gripped the nation in 2006, the popularity of the area is still enough to make ends meet.

Residential properties in different locations around Florida suffered tremendous decline as the number of foreclosure rose to unimaginable heights, which added to the number of unsold home that further deteriorated the market. The overbuilding of condo to address the previous year’s market boom made matters even worse.

Why Invest In Florida?

Despite the market problem in real estate, the city is still famous for what it is – a tourist destination. The tropical climate coupled with white, sandy beaches; as well as the entertainment destinations found in each city is enough reason to settle down and enjoy a quality life.

The number of visitors flocks to different areas every year to enjoy the sights and sounds Florida is famous for. Despite market value, Florida real estate is considered as prime goods for many foreign and local investors. Ranging from single-family homes to luxurious condominiums, the acquisition of these units is rising, even if the market is still in a bust.

Consult A Professional

If you don’t have any idea on what real estate properties you would like to invest on, as well as the current value of the market, then it is best that you consult a professional regarding the matter.

Real estate agents and brokers in Florida have in-depth knowledge on the different residential units being sold in the market today. Not only that, they can also give you some advice and consideration according to your budget in acquiring one.

Whether you are selling or buying a property for investment or use, real estate agents can evaluate the condition of your homes and suggest a price for it. They can also provide assistance in pointing out possible improvements necessary to further improve the quality of your home.

Get A Loan

If you are interested in acquiring luxury homes like condominium in prime areas around Florida, then you might want to consider getting a loan for such an endeavor. It is true that mortgage loans might be quite heavy on your end right now considering the high interest rates on different mortgage types. But acquiring a real estate property at this point in time might be more lucrative than you may think.

The current state of Florida real estate is improving, and there might come a time that the prices will soar to levels that it might be almost impossible to get one. So since the property value is still low, it might be worth your time to get financial assistance and get your own property real quick.

Price Deflation Of Fort Lauderdale Real Estate Perfect For Long-Term Investment

May 13, 2008

If foreclosures in Fort Lauderdale real estate continue to rise in the next few months, then the value of these residential units will continue to deflate; which is a perfect opportunity for acquisitions as form of long-term investments.

Mortgage Problems Continue To Deflate Residential Values

The U.S. housing slump brought much anguish to individuals in the real estate market in Fort Lauderdale. Unable to pay their mortgage loans, the number of foreclosure tripled this year, which caused the number of unsold homes to rise at an alarming rate. Despite these problems, interest rates on mortgage loans continue to rise, which makes it almost impossible for local investors in getting the finances they need to acquire such luxury.

But despite this issue, real estate experts and analysts all agree that this is a perfect opportunity to acquire properties for long-term investments. If the number of foreclosed units continue to rise, then it is quite possible that the prices for these real estate might go down – making it a good year for investing in one.

The median price of homes early this year slid down by 14 percent; thus arriving at an approximate value of $310,000 as compared to $360,000 in later months of 2007. If the number of unsold homes continue to rise, then it might be possible that the prices will dip even further to the advantage of many investors.

According to real estate agencies, the price deflation is affecting the entire nation’s real estate market. The National Association of Realtors reported that the median price of homes at $210,000 will continue to go further down in the following months.

Foreign Investors On The Rise

The deflation of real estate value in Fort Lauderdale did not go unnoticed from the watchful eyes of foreign investors, especially the case of European businessmen. Considering that the currency value of Euros are currently on the rise, while the U.S. currency is on the decline, many European investors are now buying out residential units in prime areas of the city as a form of long term investments.

It is true that the real estate market in Fort Lauderdale, as well as the rest of Florida, is on the path of recovery, these investors projected that the prices will soon soar to unimaginable heights; making it an ideal scenario for bigger profits in the venture.

The local investor is also eyeing the probability of a large return of investments in acquiring real estate properties in Fort Lauderdale. These investors are currently lying low in wait, hoping that the median prices will continue to go down for better deals. In truth, there is no guarantee whether the price will really go up, especially in the real estate business; considering the market is quite shaky in contrast to other business ventures.

Vanessa Arellano Doctor

Common Down Payment Errors Real Estate Investors Commit

May 13, 2008

If you are planning to invest in a real estate property, making a payment up front is one of the most important and most critical steps in the mortgage procedure. The amount that you pay as down payment is a key determining factor on the amount of monthly payments that you will make which makes the decision of what amount to pay up-front affect you for the remaining period for which you will be paying off the balance of the entire amount of the investment property.

In order to avoid the complications that may arise in the future because of committing these down payment errors, here are some guidelines that will help an investor avoid making these errors themselves.

Making A Very Small Down Payment

Mortgages with very low down payments offered by many lenders nowadays may be attractive to a lot of investors. However, even if these lenders require less than 20% of the property’s selling price, the loans also require the investor to pay a private mortgage insurance which is an extra fee apart from the monthly payment that you will be paying for the balance. The purpose of this private mortgage insurance is to protect the lender in case you default payment on the loan.

Low or no down payment loans also carry higher rates of interest which can only result to more costs in the long run. On the other hand, a higher down payment will earn you a better interest rate if you have a less than stellar credit standing.

Making A Very Large Down Payment

The notion that the greater amount you pay for your down payment, the better off you will be is not always applicable when dealing with real estate investing. Sometimes, real estate investors, especially first time buyers, use a big portion of their savings in order to pay the down payment at their advantage only to find out in the end that they lack enough money to cover closing expenses related to their new home.

Not Making A Down Payment

Not making any down payment can be a very risky decision. If you do not pay a down payment for the property that you are planning to buy, it will put you in a position of having no equity of the property which means you do not own any part of it. Once the value of the property falls, you will end up owing more to your lender than what the house is worth. This would also make it more difficult for you to refinance your mortgage in the near future.

Incorrect Assessment Of Your Debt Comfort Level

Nobody knows better than you how much debt you can hold. If you think paying more at the start will give you more benefits, then do not let anybody talk you out on doing so. Just remember that the worst thing you can do is to lock yourself into a mortgage that will only cost you more each month that the amount that you are comfortable to spend.

The Upside Of Florida Real Estate

May 8, 2008

With the bounty of tourist attractions, the beaches and everything else that Florida has to offer, it is indeed a great place to invest in real estate. Investing in properties require a lot of good decision making since it entails a really big amount of money to shell out coupled with all the risks associated with this investing business. However, Florida has a way to attract so many investors and here are just a few of the reasons why this is so.

Long Term Economic And Demographic Trends

It is believed that by the year 2010, Florida will be the state that will rank third in terms of its population and it is expected that it will increase just about 75% of the total population today by 2030. Being one of the ten fastest growing states in the country for the last seven decades, Florida is just the place to invest in properties because of the good foundation for economic growth such as a growing number of new jobs as well as higher income for the investors provided by the continuous growth in population.

Relocation To Florida

Florida has also been one of the states that a lot of people consider relocating into. With an estimated number of nine hundred people flocking the state to find a home and based on the recent trends of relocation that add about 300,000 residents per year for the next couple of years, Florida is just the place to buy and sell real estate properties.

Low Unemployment

Florida is also known for its low unemployment rate. For the past two years, it was able to provide thousands of jobs for the people living in the state. For a long time, the state was able to go below or at least maintain the 4% unemployment rate putting it well below the unemployment average of the country. Also among the populous states in America, it has the lowest unemployment rate.


Despite the natural disasters that hit Florida, the real estate market here is not that much affected and these disasters such as hurricanes or earthquakes do not have a lasting impact on the performance of the real estate market in the state.

Experts show that these natural calamities do not generally affect the values of the properties in the place in fact, an event where a hurricane hit Florida led to the home values rising a year later after the disaster. This proves to show that despite the unfavorable circumstances regarding the weather that strike the state, it is still a good place to invest in real estate due to the short term effect that these calamities have on the real estate market.

Investing in real estate may mean a big risk for you however, you should also consider that even if it takes a lot of risk to do so, finding the right location where you should invest on properties is the best way to achieve a good return on your investment and one of the best places to invest in is Florida.

Acquiring A Fort Lauderdale Real Estate Through A Mortgage Loan

May 7, 2008

Fort Lauderdale in Broward County is a prime location for many tourists around the world. Whether for business or leisure, that city is quite famous for being the Venice of America due to its intricate canal system. From scenic sights to exotic nightlife, Fort Lauderdale is truly a place of rest and relaxation for anyone who visits.

Real Estate Market In The City Is Shaky

Due to the rising number of foreign visitors, the city experienced an economic boom in the real estate market. During 1980’s, the city was flocked by many individuals from all over the world to grab real estate properties left and right – either used as a business investment or a place to settle down.

But this is not the case in the current situation of the real estate market in Fort Lauderdale. The market boom of residential properties dropped, as the number of foreclosures continues to rise at an alarming pace. Not only that, the high interest rates, as well as the devaluation of U.S. currency made these residential commodities almost impossible to acquire.

Despite the mortgage crisis, many are still eyeing real estate of Fort Lauderdale with interest, and are planning to go for a mortgage loan to get one. This is quite true despite the high interest rates for any mortgage type. So how is this possible?

Mortgage Loan during Mortgage Crisis

For starters, the high number of foreclosure should be your clue in getting a mortgage loan. You have to scout around the city and look for a financial lender that can give you the funds you need to acquire a Fort Lauderdale real estate for your very own. Get the ones that suit your budget perfectly, so that you won’t end up being one of those who were subject to foreclosure.

You might also check those lenders outside the city if the rates offered in Fort Lauderdale are not to your liking.

Next, you need to ready all the requirements for a mortgage loan. Check your credit score if it’s high enough to be eligible for one. If you aren’t, then you better start planning on repairing your credit status before you start thinking about getting a loan.

The mortgage crisis forced many financial lenders to implement stricter measures in releasing funds to their clients. You have to be ready to prepare all the necessary requirements such as credit scores, financial documents, personal identification, and other legal documents.

The best advice for this matter is to visit different real estate companies and inquire about current status of Fort Lauderdale real estate. Since these firms are associated with many financial lenders in and out of the city, they can easily provide all the information you need to get your mortgage loan started, and your goal for a home a possibility.

Vanessa Arellano Doctor

Selling Real Estate: Visualize Your Coral Springs Home In A Buyer’s Point Of View

May 7, 2008

Selling your own Coral Springs home can take a long process and you should know that in order to sell your property the soonest, you should be able to put a good amount of effort and time in preparing the house.

Even if it takes quite a long time to prepare and complete the process of making your home saleable, it will be worth all the waiting because if it is a well-prepared one, it will surely attract many homebuyers and eventually, you will be closing a good deal with one.

The big question before selling a home is that how will you be able to prepare it in a way that it will not take so long before a buyer offers a good price for it. Surely, preparing is a hard task but if you get to have a good look at the house and put yourself in the shoes of the buyer, you will be able to prepare it in a way that you can attract as many buyers planning to have their own Coral Springs home.

How To See Your House With Objectivity

Of course, as the owner of your home, you see the house as something beautiful and for you, it looks good the way it is. However, homebuyers differ largely in terms of preferences and standards so you will have to take a more objective look at your property to be able to attract all sorts of buyers.

You may want to start the process off by trying to visualize your home as if it was your first time to see it. Consider how the paint is working for you and if the property could use a bit of landscaping for a more striking look. Also, take a good look in the interior of the house. Try to imagine how the realtor would describe every room to its client.

Look inside each cabinet, turn on the switches, try the other fixtures and ask yourself, is everything in good working condition? Or are there signs of possible deterioration?

Taking Note Of Things That Need Improvement

By the time you get to evaluate the house in a buyer’s point of view, take note of the possible issues that the buyer might raise. Be as critical as possible when doing this and deviate from your personal feelings about the house. That way, you will get to know the things around the house that need improvement.

Remember, this Coral Springs home has been a great place for you as well as your family and just like other Coral Springs home, you should be able to prepare it in a way that it is comparable to other houses in the market. You should see to it that it is in excellent condition so that you will have the opportunity to sell the house at a price that can even be more than the market value of the property.

Florida Commercial Real Estate: The Fastest Way For A Return Of Investment

May 7, 2008

Florida is a well known place because of the bountiful tourist spots that the place offers and for that reason, the city’s real estate market has been at its peak for the last couple of years and is continually growing strong paving way for the commercial real estate market of Florida to also boom.

With a huge variety of 5-star hotels and resorts that are opening and continuously growing in number across the state, the economy of Florida is greatly stimulated and along with the entry of a lot of convention goers, tourists and most especially investors, the Florida commercial real estate market is becoming more and more successful just like the residential neighborhoods.

Florida — The Spot For Commercial Real Estate Investment Opportunities

Florida is now known to be a place where you can invest your own money and expect that you will be earning a large return on your investment. With the rise of preconstruction opportunities in the city, you will be sure that you are putting your money in a safe property that will give you the highest return for only a short amount of time.

The properties in Florida are also attractive to many investors because of the range in the location, size and amenities that make these properties excellent for even an average investor to take a risk in the real estate business.

However, investing in commercial real estate properties entails more money than investing in any other type of investment property. But if you are someone who has the resources and a born risk taker, you should know that despite the greater need for money in this area of real estate, the returns would really be greater and can be flipped in as little as days especially in Florida as compared to the several months that it usually takes for residential properties.

Categories For Commercial Real Estate Properties

Investing in commercial real estate property in the state of Florida is a very huge decision to make thus it needs a very good amount of studying about the business that you would want to engage in as well as the perfect location where your business should be located. In Florida, there is a wide variety of commercial properties available for a real estate investment. Ranging from office spaces to retail establishments, all you need is to choose the kind of business that you want to be into.

The categories of commercial properties available in Florida include retails properties, investment properties, land brokerages and hotel and resort properties. Retail properties cover shopping malls, chain stores, retail sites, franchise locations and other shops in the town. Investment properties normally include offices, residential properties, rental properties as well as business parks. Industrial parks, waterfront properties and those land tracts fall under the category of land brokerages while convention centers, motels and theme park sites are those that which hotel and resort properties cover.

Using Google Mapping System to Find Home Sarasota Real Estate

May 6, 2008

It is rather a great addition to the market when technology helps you, it kind of give you an advantage to it, a bigger surprise and more options. In Sarasota Real Estate, one Sarasota Realtor who goes by the name of Marc Rasmussen has unveiled a website that will let you find your next home by using Google map search, believe it. The website which allows visitors to have a visual representation of their potential buy, be it a condo or residential in the area of Sarasota, I believe that Rasmussen will use a dynamic Google mapping system to just that. It is an exciting way to locate potential home for buyers having the benefit of seeing the location with just a scroll and click of a mouse.

Rasmussen of the SKY Sotheby said that the website allows visitors, visitors to search for homes and condos with Google mapping technology. It is said that visitors it also allows searchers to refine their search to city, asking price, bedrooms, bathrooms and property type. Visitors can literally move the map and see where properties are located in the Sarasota area. A great tool to help buyers to have an easier method to locate homes, now you can canvass homes at home and have a visual of it which makes buying even more easier and exciting.

Rasmussen said that “This is the next wave in internet real estate marketing. Almost 90% of home buyers start their home search on the web. I am just trying to make it easier for buyers to find their next dream home and for sellers to view more about the homes they are competing against.” He also adds that “My new website takes the map search to the next level.” It is rather interesting to see realtors upgrading their methods for buyers to have an easier life on choosing their homes. For people in the Sarasota area who are potentially going to buy some properties, it is such a great treat for them to have a website of such.

Clearly, it takes realty market to whole new level, which makes sense because for once the technology has paved way to make anything easier for the real estate market. Rasmussen also said that “My site contains virtually all of the listings on the Sarasota MLS, which gives the consumer ultimately what they are looking for when they visit a real estate website to look at property.” Not only does his new site allow you to search my map it also allows you to search for properties by zip code, MLS number, areas within Sarasota, subdivision and condominium. His new site also contains a very active blog, up to date market statistics, featured listings and descriptions of Siesta Key, Lido Key, Bird Key, Longboat Key, Casey Key and Lakewood Ranch for the out of town buyers.

Jron Magcale