Tag Archives: Miami Real Estate

For Sale by Owner
Selling your Home

Is for Sale by Owner (FSBO) a Smart Option?

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Some sellers are tempted to maximize their profits and avoid paying a commission to a Realtor by trying a For Sale by Owner (FSBO) transaction in the midst of a sellers’ market. They think they can sell easily without any help from a professional Realtor.

However, statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket.

Serious buyers only shop FOR SALE BY OWNER’S to save a commission, which is probably what the seller is trying to do, hence resulting in a sale price that is significantly below market. The typical FSBO home sold for $210,000.00 compared to $249,000.00 for agent-assisted home sales, according to the National Association of Realtors.

For Sale by Owner
For Sale by Owner (FSBO)

Most buyers shop on line before even contacting a realtor, so aggressive marketing is key! Having earned the prestigious membership in the top elite international real estate network, I know the importance of gaining global exposure to attract more of the right buyers to get the highest price. Our combination of unique marketing to local, national, and international buyers has resulted in some sales as high as 20% over the market value.

Some of the important tools and practices we use but are not limited to are professional photography, aerial tour from a drone, marketing the home like a professional developer with virtual staging (if necessary). A brochure of the home, a pro-active approach to selling by having our team to get on the phone and asking hundreds of people a day if they know someone who is interested in purchasing the property, qualifying the buyers who want to view the home, and special events that actually get traffic!

FSBO’s are also missing out on 25% of the buyers in the South Florida Market. International buyers typically pay top dollar and are cash buyers which means if your house is overpriced you’re going to need cash buyers as it will not appraise.

There is also the fact that FSBO’s are missing out on the power of a third party negotiator. There are many stages of the deal where it can fall apart.

Contact Rebecca Schmitt, from Paz Global Real Estate to discuss your options at (786)216-3557

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.

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.

South Florida Real Estate

Tips and ideas for Mother’s Day in Aventura, FL

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Mother’s Day is around the corner and it’s time for us  to celebrate these important women in our lives. Here at Paz Global we have came up with a list of things that you can do with her along with tips and ideas of what to buy her in this special day to show her how much you love her!

Sweet Idea

Godiva Chocolates

Mothers Day Gift 1

The Chocolate company founded in Belgium in 1926 has many tasty treats for this Mother’s day. If you are in the North Miami Beach/Aventura area the nearest Godiva store is located in Aventura Mall. Godiva offers Mother’s Daygifts ranging in price from $34.00  for the Mother’s day Chocolate gift box and up to $89.00 for the Chocolate Celebration gift basket. Their phone number is 305 682 0537 in case you need more information on their mother’s day deals.

Brunch

Brio Tuscan Grill

Mothers Day Gift 2

Brio Tuscan Grill is located at 600 Silks Run, Suite 1205, in Hallandale Beach, FL. You can bring mom to experience the rich flavors of Tuscany without leaving the country. Bring your mom for a great Tuscan experience right in your neighborhood. Great place to have brunch or to try the housemade pastas and the Tuscan grilled meats. Prices range from $9.95 for scrambled eggs and bacon to a Brio Brunch Burger for $13.95. Their phone number is 954 362 1600.

Flowers

Mothers Day Gift 3

Whether it’s orchids or gardenias, who doesn’t love the sweet scent of flowers? Wish Mom a Happy Mother’s Day with a beautiful bouquet. There are several local florists who can make an arrangement and deliver to your home. They have deals to suit any taste and budget. These are some of the most well known florists in the Aventura Area:

Miami Gardens Florist

Since opening in 1979,  Miami Gardens florist has been Aventura’s go to flower shop. We are a family owned business located in Aventura that services both Miami Dade and Broward County. With our own assembly of air-conditioned vehicles, our flowers are always delivered fresh and quickly. They have beautiful arrangements from $64  to $179. Your mom will love this perfectly prepared gift with no doubt. The store is located in 18500 W Dixie Hwy, Aventura, FL 33180 and their phone number is: 305 932 3600.

Flowers by Tony

Flowers by Tony is a local, family owned and operated florist serving the Aventura area since 1979. With flowers straight from the local growers, Flowers by Tony is able to offer fresh beautiful bouquets for any occasion. This shop has years of experience hand crafting arrangements for mom’s day! You can shop online and they will also deliver to your home. Located at 18502 West Dixie Hwy Miami, FL 33180(954) 454-6225.

Relaxation and spa

Mothers Day Gift 4

Turnberry Isle Miami Spa & Fitness Center

Echoing its lush surroundings, this state-of-the-art 25,000-square-foot sanctuary embodies the beauty and tranquility of Aventura, Florida. Great place to take your mom or wife to enjoy a day of complete pampering.  Restore her spiritual balance and wellness through an array of blissful treatments and therapies. For reservations call 305.933.6930.

Exhale at Bal Harbor

This wonderful spa  builds a unique experience with  ideas that genuinely helps people improve their inner and outer well being, foster a soulful culture, and deliver magical experiences. Is definitely a great place to take the woman you love for this special day. Located 10295 Collins Ave, The Ritz-Carlton Bal Harbour, Miami, 305  455-5411.

Delicious Dinner:

If you are still not sure what to do you can always take her to eat at one of these restaurants, we are sure you won’t be wrong with any of them. Please click here, Meet Miami’s 50 best restaurants. Thank you so much for reading our blog and hope the best for you and your family this mother’s day!

Paz Global Real Estate is a company that strives for excellence in everything we do. Our goal is to make money for our clients in every deal, providing them with complete customer satisfaction. We maintain a happy, friendly attitude while upholding a conduct of effectiveness, integrity, hard-work and courtesy in our day to day relationships. Please visit our website at www.pazglobal.com, find us in Facebook as Paz Global Real Estate or give us a call if you need our expertise at 305 466 2990.