Monthly Archives: January 2017

Buying a Home

Real Estate: The Rising Market

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Buying real estate is widely considered a safe investment compared to other popular investments. However it has highs and lows too, like every other market. The right time to invest in real estate is by looking at the history. For example, from 1988 to 1994 the prices went ten times higher and the market was at full swing. While in 2002, there was seen a massive reduction in the price hikes. Though the returns are mostly positive. Predictions regarding the buying and selling of property may not work always.

Secure property in hands leads to peace in mind. The cardinal rule of real estate is, one’s first investment should be in one’s own home. Not limiting to residential properties, you can also invest in office spaces, towers, markets etc. Instead of being totally tied to your own income, you can also avail traditional commercial real estate loan.

We now have an ease of researching properties online and the ability to get rent checks direct-deposited electronically, thus there are far fewer headaches. You should not put all the savings into one or two properties, but in a diverse field. Investment involves financial planning and strategy. Rental yield, which is the amount of rent paid per annum over the cost of buying a property, is also a factor that determines the level of demand, for both end users and investors.

Certain factors need to be kept in mind to know whether it’s a good time to buy/sell for home owners:

Time Horizon to Stay

How long do you plan to live in or own the home? Job security, pursuing education or a career change can be big influences. A longer time frame gives more opportunity to realize price appreciation on the home, to offset any transactional costs.

Funds to Pay

Upfront costs include the down payment and closing costs, but money should also be set aside for an emergency fund or post-transaction cash. If you don’t have enough money, meeting a financial planner could help.

Buyer’s Interest

There is always an end user interest, but what buyers wait for is reasonable and affordable price. Affordability is also affected by interest rate or increase in income.

Get a Better Bargain

Smart people buy when the market is weak and sell in higher prices. But the buyers should always bargain hard for a better price. Experts recommend opting for under-construction flats over ready procession ones, as the discounts on the former go up significantly.

Real estate is a good, long term investment. Be sure to review your specific situation with subject matter experts to see if you are well-positioned to buy a home.

If you do decide to invest, meet with a trusted local real estate agent who can help you navigate the ever changing landscape of the real estate market. They often know when properties are about to go on the market and may have a lead on a short sale property that can be a great buy.

South Florida Real Estate

Paz Global – Certified Residential Specialists

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Richard Paz, president and broker of Paz Global, is a Certified Residential Specialist (CRS). The CRS designation is the highest credential awarded to real estate professionals and is given to less than 3% of Realtors nationwide. They must pass certain requirements such as closing over $25 million and over 75 transactions, as well as consistently maintaining high sales volume annually in order to receive this designation. CRS agents are proven and provide the service buyers of residential property deserve.

One of the benefits of a CRS Designee’s is being included in the premier CRS Directory. This is especially important for buyers that are relocating. If they ask their local trusted agent to recommend and refer another agent, then the agent will use the CRS Directory to find an agent with experience, knowledge, and someone they can trust to be sure the client will be in good hands.  As of January 2017, Paz is one of only 6 agents listed in the city of Aventura with the CRS designation, and consistently works with out of state buyers referred to him by the network of realtors.

South Florida Real Estate

Top 10 Real Estate Markets for Millennials

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The millennial generation will play a crucial role in the real estate market over the next 20 years. In this article we will evaluate the top 10 real estate markets cities for millennials!

The millennial generation includes people born from 1981 to 1997. They are considered to be the largest living generation in the nation and an essential key factor of the real estate market over the next 15-20 years.

The truth is that many young adults struggle when it comes to buying a home. More millennials are considering the option to rent as they are faced with tight budgets or decide to live with their parents.

However, this does not have to be your option as well. You may find an excellent opportunity in less expensive cities that can offer you employment, lower incomes necessary to buy a home, and solid housing conditions.

The National Association of Realtors or NAR has recently analyzed 100 largest metropolitan areas across the country and came up with a top 10 best real estate market areas for millennials. This list includes homes in your price range and can definitely meet the needs of different people.

Top 10 Best Markets for Millennials:

1. Austin, Texas – The median household income in Austin, Texas is $51.810 and the share of millennial movers is 29.4%.

2. Charleston, South Carolina – The median household income in Charleston, South Carolina is $47.903 and the share of millennial movers is 24.5%.

3. Denver – The median household income in Denver is $50.923 and the share of millennial movers is 27.7%.

4. Minneapolis, Minnesota – The median household income in Minneapolis, Minnesota is $55.066 and the share of millennial movers is 27.4%.

5. Ogden, Utah – The median household income in Ogden, Utah is $54.608 and the share of millennial movers is 24.6%.

6. Portland, Oregon – The median household income in Portland, Oregon is $44.792 and the share of millennial movers is 26.7%.

7. Raleigh, North Carolina – The median household income in Raleigh, North Carolina is $49.892 and the share of millennial movers is 25.7%.

8. Salt Lake City – The median household income in Salt Lake City is $51.930 and the share of millennial movers is 27.2%.

9. Seattle – The median household income in Seattle is $64.294 and the share of millennial movers is 29.0%.

10. Washington, D.C. – The median household income in Washington, D.C. is $69.874 and the share of millennial movers is 28.3%.

According to the research, the city that proved to be the least attractive to the millennial homebuyers is Marin County, California.

Property Listings

742 NE 191 Ter Miami 33179

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Gorgeous 3 beds / 2.5 baths home with swimming pool at Aventura Isles. This is the lowest priced home in Aventura Isles with a swimming pool! Spacious layout w/plenty of natural light. Lovely kitchen has cooking island & charming view to the yard & pool. Tile floors in kitchen & bathrooms. Home was built in 2014. Master Bath has double sinks & separate shower. This home has a premium Lot PIE SHAPED lot! Great location near shopping, dining, houses of worship, & great schools.

Equipment

  • Dishwasher
  • Disposal
  • Dryer
  • Icemaker
  • Microwave
  • Refrigerator
  • Smoke Detector
  • Washer

Exterior Features

    • Fence
    • Exterior Lighting
    • Patio
    • Room For Pool

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Interior Features

    • First Floor Entry
    • Cooking Island
    • Pantry

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Selling your Home

Top 5 Best Tips when Preparing to Sell Your Home

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Let’s face it – there are many reasons why you would decide to sell your home. However, when that decision is made there is still a lot of work and preparation that needs to be done before selling your home. Consider these 5 helpful tips to use when preparing to sell your home!

Even with an excellent real estate agent by your side, it can be hard to get your home sold. The good news is that you can take a few measures to increase the process of selling your home. Take a look at these tips when selling your home and make sure you sell it quickly while getting the price you want.

  1. Take Care of Small Repairs

    You are probably are aware of what needs to be fixed or repaired around the house. Analyze what needs to be done and then take care of these repairs. This includes stopping leaks, fixing windows, fixing holes in drywall, repairing kitchen cabinets, etc. Potential buyers don’t want to think about fixing or repairing things when they move into their new home.

  2. Add Some Fresh Paint

    This is one of the best tips to use when selling your home. Painting the walls in your home is something that can make your home look fresh and new, and much better. Adding some fresh paint is not expensive and you can do it by yourself. You can bright up the walls with a nice color or a neutral shade. Just make sure to avoid bold and brilliant colors as buyers may have a difficult time envisioning themselves in your place.

  3. Make a Great First Impression

    A great first impression is crucial if you want to sell your home quickly and for an excellent price. When potential buyers come, they should be impressed and amazed by what they see.

  4. Have Some Landscaping Done

    It is a good idea to have landscaping done when preparing to sell your home. A nice lawn with some landscaping can attract the attention of potential buyers encouraging them to fall in love with the house. Have some flower beds planted, eliminate the weeds, and trim the edges. This will make the landscaping look simple and attractive.

  5. Clean Your Home

    Last but not least, clean your home carefully. Every room of the house should be clean. Dusty furniture, dirty carpets, and unpleasant smells will turn off the buyers, so take some time to dust furniture, steam clean carpets, clean the bathroom, etc.

Combine these 5 tips with an excellent real estate agent and you will be able to sell your home in no time and for a great price.