All posts by Luis Rada

Happy Thanksgiving
South Florida Real Estate

Have a Great Thanksgiving with Family and Friends from Paz Global Real Estate

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Thanksgiving is here and we at Paz Global Real Estate are thankful for our valued customers. We are grateful for serving and meeting your housing and real estate needs.

For the second consecutive month, home sales have been on the rise. According to the National Association of Realtors, all major regions across the country saw an increase last month. Home prices have increased 6% from a year ago. If you or anyone you know is looking to sell, give us a call.

We wish you a lovely Thanksgiving and happy holiday season.

Paz Global Real Estate

International Investment Properties
South Florida Real Estate

Taking a Look at International Investment Trends

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After two years of rising real estate purchases by foreign buyers, it has slowed down by 1.3% in 2016  according to the National Association of Realtors. However real estate specialist Richard Paz doesn’t think this trend will last. This current trend is due to the global economic slowdown which made the dollar more expensive to foreign buyers.  

It is expected in the next few years that there will be more global travel and foreign presence. Countries such as China, India, United Kingdom, Mexico, and Canada have been the top purchasers of U.S residential real estate. India and China have two of the biggest economies in emerging markets with constant annual growth which makes them potential clients down the road. Wealthy families from these countries want a place to invest and keep their families in a safe destination. Many of these millionaires also like sending their kids to top U.S universities. Along with sending their kids to school here, real estate comes along with it.

International Investment Properties
International Investment Properties



Canada and Mexico will most likely maintain their presence in the U.S market due to their proximity and political motivators. The North American Free Trade agreement has motivated many mexican companies to move or open locations here in the U.S. Canadians on the other hand shelter in the hotter estates like Florida during the Winter months and many of them like coming back for Summer as well.

The American cities that are currently the most popular amongst foreign investors are New York, Washington D.C, Boston, Miami, and San Francisco while the most popular estates are New York, California, Texas, and Florida.

Prepare Home for Sale
Selling your Home

Preparing to Sell your House.

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Preparing to Sell? Here are some Maintenance Tips from Paz Global before Winter

Give you home a new coat of paint:

It’s the perfect time to paint your home and get it ready for the holidays. Open up your windows for ventilation before it’s a full house.

Check your home for Mold:

Given the heat in South Florida in the last few months, mold can flourish due to the humidity. Check your home for any areas that don’t get good ventilation. Selling real estate with mold is not very attractive whether it’s a home or condo.

Inspect your roof:

You might want to check for cracked tiles or shingles on your roof before you find out the hard way putting up those Christmas decorations you like. Whether its moss or lichen, having signs of deterioration is never good.

Make sure there is good airflow:

Check your vents and make sure you change your filter accordingly. Buildup of dust can create a fire hazard and it is also not healthy for you or others.

Check your detectors:

It is always good to check that your smoke and carbon dioxide detectors are working and have new batteries.

Take a look at International Investment Trends

After two years of rising real estate purchases by foreign buyers, it has finally slowed down this year according to the National Association of Realtors. However real estate specialist Richard Paz doesn’t think this trend will last.

South Florida Real Estate

Waterfront ocean access condo in Hollywood and Hallandale Florida. Here are some tips boaters!

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Tips for avid boaters! What  do you need to know before buying a waterfront ocean access condo in Hollywood and Hallandale Florida?

A waterfront ocean access condo in Hollywood and Hallandale Florida seems idyllic and paradisiac.  There are many factors to consider when looking for a waterfront ocean access property in Miami. These 8 tips will give you a heads up on what to do before buying a condo on the water.

Waterfront ocean access condo in Hollywood and Hallandale Florida

  1. Find a real estate agent who is a specialist in waterfront ocean access condo in Hollywood and Hallandale Florida. Specially one  that understands the needs of a real boating aficionado.
  2. Visualize a waterfront ocean access condo in Hollywood and Hallandale Florida that really fits your lifestyle: Miami has numerous types of waterfront properties like lakes, rivers, canals with or without  ocean access. Florida has  canals with fixed bridges and draw bridges with different clearance heights and rules.  Depending on the type of vessel that you have you have to consider clearance heights of bridges, dept of the canals and proximity to the ocean. The closer to the ocean the better.
  3. Consider the property more than the condo: ‘’often times people fall in love with the condo but after they buy it they realize is too far from the ocean, it is not private, the amenities are not so great, etc. ‘’  says Richard Paz Broker with Paz Global Real Estate which specializes in the Miami real estate market. You can change the condo but you can’t change the location, so buy a property you really fall in love with. Click on this link to find out how a perfect waterfront in Miami looks like: https://www.pazglobal.com/property/1945-s-ocean-dr-2101/hallandale/a2111136/
  4. If your waterfront property has no ocean access consider buying your condo next to a marina. Hollywood and Hallandale offer a large array of condos adjacent to a marina.
  5. Check the condition of the dock and also consider a dock that can accommodate your boat: Depending on the type of boat some owners won’t keep the boat in the water.  Some people prefer to  use davits or boat lifts to raise the boat from the water while not in use. Whichever your choice is, make sure to inspect the existing lifting structures.
  6. Find out if you can make changes to the your waterfront ocean access condo in Hollywood or Hallandale: such adding a dock or boat lift. Check the association rules and regulations. Consult with government agencies if these type of alterations are possible.
  7. Find out about financing and insurance: since waterfront ocean access condo in Hollywood and Hallandale Florida are more expensive than other properties the legal aspects may be a bit more complicated than others.  The process of getting a loan can take a little longer. Insurance can be also a bit more complicated due to the risks associated with living by the water.
  8. Talk to your neighbors: ask them if they enjoy living there and  if there are issues you should be aware of.

If you follow this guidelines we assure you will have a  successful waterfront condo purchase! We at Paz Global Real Estate can help you finding the waterfront ocean access condo of your dreams. Please do not hesitate in contacting us at 305 466 2990 or visit us at www.pazglobal.com

South Florida Real Estate

Miami the place where foreigners are buying real estate

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In Miami Florida, foreigners are buying real estate.  Since the crisis in 2008  the real estate market has made a strong recovery  largely due to the purchasing power of international investors. Is well known that in Florida 25% of the buyers are international buyers. Unlike many other countries, the United States allows land sales to foreigners and provides almost equal opportunities as to actual citizens. At Paz Global we have a team trained to assist you in buying real estate in the Miami, Florida.

Miami foreigners buying

Who is buying in Miami?

Most of foreign purchases in Miami are by citizens of  South America and Canada, which have accounted for 62% of all international transactions. The reason these countries dominate is that they want to invest their money in a stable economy. Whether it is for investment, relocation or a purchase for a second vacation home.

What are international buyers looking for in Miami?

Foreigners in Miami look for: a long term investment, typically pay top dollar and are cash buyers, expect a good return and want detailed research from the best specialists. At Paz Global Real Estate we have a Certified International Property Specialist and a group of immigration lawyers that  will provide with the financial and market reassurance you need.

What do I need to consider prior to making a purchase in Miami?

Work with a Real Estate Agency that manages International Sales

This is the most important part of your project. Foreigners need to be in the hands of an agency with expertise that can lead all the negotiation. From finding the right property that fits their specific needs to managing their property so they can obtain the best return in your investment.

Financing

It is possible to obtain financing for a purchase for a foreign buyer. In Miami there are special loan programs available which typically require a larger down payment. This is due to the additional risk taken by the lender when the borrower’s assets are untouchable. We have mortgage bankers that specialize in these types of loan and available to help.

Closing

Often, foreign buyers are concerned about having to travel to negotiate and close real estate transaction. It could become quite costly and inconvenient. Fortunately, it is possible to provide ‘’power of attorney’’ to a trustworthy agent to make all the necessary arrangements and sign documents.

There are numerous other considerations one should consider as a foreign investor in Miami, but it’s entirely possible and relatively easy to purchase real estate in the US. For more information, feel free to visit our website at Paz Global Real Estate or give a call to Rebecca Schmitt our Certified International Property Specialist or Richard Paz the broker and Certified Residential Specialist at +1 305-466-2990.