Eco-Friendly Home Improvements: Save Money Now, Make Money Later

Cool real estate article about improving your home and pocketbook with green energy! The residents of the City of Aventura, Florida 33180 can make a difference and adapt some of these changes in their Aventura condos.

read more digg story

Housing market is bound to change!

I hear more and more negative news related to real estate in South Florida than I care to mention. Most of it comes from people who are only repeating what they heard from somebody, who heard it from someone, who heard it from their friend. Usually news from the grapevine shouldn't be trusted; but let's be clear, while it's true many people are losing their property and taking financial hits, there are loads of buyers acquiring condos, homes, commercial property and positioning themselves to get great deals. The trick is to understand your local market in relationship to the national market.

Here are a few good clips to give you a look at both the Miami South Florida Condo market and the Nation's situation.

Miami Real Estate March 07



Play the Crumbling Housing Market



Seeking Foreclosures Miami For Real Estate Investment
Written by EditorsChoice
Thursday, 27 September 2007
Foreclosures in Miami are appealing for a variety of reasons. Some people see them as retirement or vacation homes; others consider them terrific rental or investment opportunities. Buying a foreclosure in Miami for less than its true market value is a great way for someone to either get their present home at a discount or secure income for their future.

Homes end up in foreclosure, no matter which financial institution--HUD, the VA, or a bank--holds the mortgage on them. As soon as information on foreclosures in Miami is made public, it generates considerable interest.

It's not always possible for homeowners, evening Miami to sell their homes before they go into foreclosure. As desirable the housing markets in some sections of Miami may be, foreclosures can happen before the homeowners have time to find buyers for their homes on their own.

Those homeowners who have not accumulated sufficient equity in their homes and have them go into foreclosure in Miami will often not have enough time to attract buyers qualified to assume the balance of their loans. Those homeowners may become so desperate to sell that they accept offers which are too low, only to have them turned down by their mortgage holders. So the homes are put into foreclosure, and even if they sell for less than what was offered to their owners, the lenders are assured of recovering the full amounts of their loans.

Investors In Search of Turnarounds

Investors see foreclosures in Miami as a prime target, buying when of job shortages and force more homeowners to fall behind on their payments, and selling when real estate prices recover. They will study the listings of foreclosures in Miami for the properties most likely to generate the largest profit in the shortest time.

If those purchasing foreclosures in Miami do not have to put any money to the properties they buy, they will often sell them for only slightly more than the foreclosure price, still getting a profit without having to maintain the properties any longer than is necessary. For more info see http://www.foreclosureshomeguide.com/Pre_Foreclosures on real estate investors.

There are other investors in foreclosures in Miami, however, that look for properties in poor condition and but them at dock-bottom prices. They put enough money in the homes to make them presentable, and sell for their costs plus a nice profit. So many undesirable foreclosures in Miami eventually become transformed once again into desirable homes.

Aventura Condo Auction?

There are many condos available in the City of Aventura. Many people bought Aventura condos when they really couldn't afford it, they were able to qualify for a mortgage so these buyers jumped in the deep end. This leaves many properties headed for foreclosure. There are many trying to save themselves by auctioning off their Aventura condo. Is this a good idea?

Last week there was an auction for condos in Miami. Here is a excerpt from the article (click to read more) in the MiamiHerald.com...

South Florida condominium developers may be reluctant to resort to auctioning off unsold units anytime soon, if last week is any indication.
The developer of the new Platinum condominium in Miami's Edgewater neighborhood auctioned 20 units Thursday in hopes of speeding up sales in the sluggish housing market. But Maysville now says bids were so low that it is rejecting all offers except those it promised to honor regardless of price. It plans to rent the units and wait until the market improves.
''The bids were significantly lower then even our preconstruction prices,'' said Alex Redondo, Maysville president.
''I had hopes that units would at least sell north of that,'' he said.

The auction drew widespread attention because it was the first to sell newly-built Miami condos since the housing boom soured, drawing curious developers assessing whether they should auction units as well as bidders. Cameras from cable business channel CNBC rolled.

This issue with the Aventura condo supply will work itself out as time passes. If you are thinking about buying or selling, make sure to contact a real estate professional. In these turbulent times when everyone is trying to get out of trouble by structuring different buying and selling gimmicks, it's important that someone who knows helps you with the process.

Keep on Truckin

I grew up in the City of Aventura, since before this area was known as Aventura. It was all marsh land, but that would change once the Aventura Mall was built. Soon the mall became a popular destination and several new condos and communities were slowly created. As we all know the construction did not stop and it's still happening before our eyes. Growth is great, but I hope that the people of this city don't loose sight of the big picture. The City of Aventura spans ONLY about 3 miles, that's not much - let's learn to respect the land we inhabit.



Lately, I've been walking the trail around the golf course at the Fairmont Resort in Aventura. This is also known as "The Circle." It's a three mile circle around Country Club Drive. I've noticed that Aventura has made an effort to help its residents keep the city clean by placing city garbage cans around the circle and other areas.



These cans are great to keep Aventura clean; however, plastic recycling cans would be a great addition. The track is filled with bike riders, runners, walkers, and dog walkers each holds a plastic water bottle. If there was an option to recycle on the trail it would be appreciated by all the residents.