NO RECOURSE - NO MARGIN CALL
Why Wait Out the Wall Street Crisis?
Regardless of What the Stock Market May Do, Our Stock Loan is UNAFFECTED.
For more information, please visit our website: http://www.HedgeLender.com
That's right; unaffected. And that means full steam ahead for you and our other stock loan clients. We're ready today to assist small-to-medium-sized business directors, individual shareholders, or those with current financial dilemmas caused by the recent freeze in the credit markets.
Need some ideas? Here are two recent questions and our answers...
1) Enhance Your Down payment - A Mortgage-Rescue Stock Loan Solution
"I have a $10 million real estate project that's now in danger of halting because my bank is demanding a huge increase in the down payment, this despite my excellent credit rating! I do have stocks, but don't want to sell them because they've dropped like rocks with the falling stock market - valued at only about 50% less than what I paid for them a year ago. I'd hate to sell at a loss. Is there any other way to raise the down payment capital needed to release the loan funds for your project? HELP!"
The Stock Loan Solution: Relax, you are covered. By placing your stocks as guarantee for your Loan, you can get 85% - for good stocks even 90% - of the value of your portfolio today, when you need it, which should be more than enough to cover the needed additional down payment funds and still get the project moving. Best of all, you remain beneficial owner of the shares while they remain in lender custody. On a three year term, you can quickly close a NON-RECOURSE stock loan with no interest payments due until maturity, at which time the stocks will have a good chance of recovering their initial value, if not more. You can then exit your loan at maturity by asking the lender to sell enough shares to pay off the loan, and recoup the remaining profit in shares or cash. In such case you win around the board; your project gets funded, and you walk away "in the money" with stocks or cash. And if the stocks fall in value? Again, you're covered. It's a non-recourse loan, so you can walk away, and your project gets funded. Since you've suffered a loss on your stocks, you may even have a favorable tax result as well (consult only with a licensed tax professional for a precise determination of tax status).
2) Get Your IRA Off the Couch - Turbo-boost with an IRA Stock Loan
"As they say one man's misfortune is another man's opportunity. Looking at the massive drops in the stock market I have to think there are bargains galore for the stocks of otherwise soundly managed companies. I'd love to get into that but I want to stay protected. My IRA is worth about $500,000. What can I do with this?"
The Stock Solution: We'll place you into our IRA Stock Loan program and handle the stock loan side of the process while our partner firm (made up of licensed financial planners and insurance experts) will guide you to a temporary dissolution of your IRA, purchase of stocks, placement of stocks in to a Stock Loan, and re-purchase of annuities to re-stock your IRA within the statutory limit. Our firm provides the loan only; all other facets are handled 100% by licensed professionals in compliance with regulations.
The result? You'll have a healthy IRA producing annuity income (or building value) while remaining "in the market" as beneficial owner of your carefully selected 'bargain' stocks. By the time the loan term is up in 3-5 years, if you picked with care, your portfolio will be worth much more in a healthy economy and you can use that to have the lender sell enough shares to pay off the loan, while you recoup the upside profit as shares or stock, whatever you prefer. You've thus profited from the market, while retaining your IRA.
Quick funding – If your stocks are in "electronic form" already at your brokerage, and you can move them quickly, we can have your cash in hand in as few as 72 hours.
For more information, please visit our website: http://www.HedgeLender.com
Thank you for the opportunity to earn your business.
All the best,
--Branon A. Edwards
Saturday, October 11, 2008
Friday, September 26, 2008
Home Sales Up, Prices Down in South Florida
Realtors: August home sales up, prices down in South Florida
Reprinted from The Miami Herald
BY Matthew Haggmann
South Florida home sales jumped in August amid signs that lower prices are drawing buyers back into the region's long-struggling housing market.
Sales of existing single-family homes in Miami-Dade County increased 22 percent and Broward County sales increased 12 percent compared to the same period a year ago, according to numbers released Wednesday by the Florida Association of Realtors.
Condominium sales were up 13 percent in Miami-Dade, while condo activity in Broward for the month was even compared to August 2007.
A big reason for increased sales appears to be healthy price drops. Prices were at least 20 percent lower in August than a year ago for single-family homes and condos in both Miami-Dade and Broward counties.
The median price for a Miami-Dade single-family home was $276,000 in August, amounting to a 30 percent drop from last year. For Broward single-family homes, the median price was $269,800, down 27 percent.
The median condo price in Miami-Dade was $210,400; it was $133,300 in Broward.
The outsized inventory of residences for sale also declined in August. Market watchers say the number of homes on the market must shrink significantly -- creating a better balance between buyers and sellers -- before prices start rising again.
The South Florida results were in contrast to the rest of the country.
Nationally, sales of existing U.S. homes fell by 2.2 percent in August, though the number of unsold homes on the market also dropped sharply from the previous month's record high.
The National Association of Realtors said sales fell to a seasonally adjusted annual rate of 4.91 million units, from an upwardly revised pace of 5.02 million in July. Sales had been expected to fall by 1.6 percent, according to economists surveyed by Thomson/IFR.
The median price of an existing home dropped to $203,100 from $224,400 a year ago. For single-family houses, the median price dropped 9.7 percent, the biggest decline since records began in 1968.
Resales account for about 90 percent of the market, while purchases of new homes make up the rest. Sales of existing homes are compiled from contract closings and may reflect contracts signed one or two months earlier.
There were 4.2 million unsold homes on the market, a 7 percent drop from the record set in July. It was the steepest drop in inventory since December 2006.
Reprinted from the Miami Herald: http://www.miamiherald.com/business/real-estate/story/699288.html
Reprinted from The Miami Herald
BY Matthew Haggmann
South Florida home sales jumped in August amid signs that lower prices are drawing buyers back into the region's long-struggling housing market.
Sales of existing single-family homes in Miami-Dade County increased 22 percent and Broward County sales increased 12 percent compared to the same period a year ago, according to numbers released Wednesday by the Florida Association of Realtors.
Condominium sales were up 13 percent in Miami-Dade, while condo activity in Broward for the month was even compared to August 2007.
A big reason for increased sales appears to be healthy price drops. Prices were at least 20 percent lower in August than a year ago for single-family homes and condos in both Miami-Dade and Broward counties.
The median price for a Miami-Dade single-family home was $276,000 in August, amounting to a 30 percent drop from last year. For Broward single-family homes, the median price was $269,800, down 27 percent.
The median condo price in Miami-Dade was $210,400; it was $133,300 in Broward.
The outsized inventory of residences for sale also declined in August. Market watchers say the number of homes on the market must shrink significantly -- creating a better balance between buyers and sellers -- before prices start rising again.
The South Florida results were in contrast to the rest of the country.
Nationally, sales of existing U.S. homes fell by 2.2 percent in August, though the number of unsold homes on the market also dropped sharply from the previous month's record high.
The National Association of Realtors said sales fell to a seasonally adjusted annual rate of 4.91 million units, from an upwardly revised pace of 5.02 million in July. Sales had been expected to fall by 1.6 percent, according to economists surveyed by Thomson/IFR.
The median price of an existing home dropped to $203,100 from $224,400 a year ago. For single-family houses, the median price dropped 9.7 percent, the biggest decline since records began in 1968.
Resales account for about 90 percent of the market, while purchases of new homes make up the rest. Sales of existing homes are compiled from contract closings and may reflect contracts signed one or two months earlier.
There were 4.2 million unsold homes on the market, a 7 percent drop from the record set in July. It was the steepest drop in inventory since December 2006.
Reprinted from the Miami Herald: http://www.miamiherald.com/business/real-estate/story/699288.html
Tuesday, September 9, 2008
What the Government Takeover of Fannie Mae & Freddie Mac Means to the Housing Industry
What the Government Takeover of Fannie Mae and Freddie Mac Means to Housing Industry
Reprinted from the National Association of Realtors
In short-term, home sales should improve as mortgage rates fall
Washington, D.C. (September 8, 2008)-The federal government's takeover of secondary mortgage giants Fannie Mae and Freddie Mac should cause a drop in mortgage rates in the short term that benefits home buyers, but the long-term outlook is too early to call. NAR fully supports the action of the U.S. Treasury and the Federal Housing Finance Agency.
The federal government had no choice. The capital situation of the two companies was not enough to handle the fallout from rising mortgage defaults in the near future. In addition, investors who purchase Fannie Mae and Freddie Mac debt have lost confidence in the two.
In a statement, NAR commended the Treasury's action, announced yesterday, to bring stability and continued liquidity to the mortgage market.
"The plan will help restore confidence in the secondary mortgage market," said NAR President Richard F. Gaylord.
"We appreciate the steps taken to calm the market, make mortgages more widely available and protect taxpayers. We look forward to working with the administration and Congress to ensure the continued vibrancy of the secondary mortgage market.
Summary of what the Treasury actually did and what it means
Talking Points
Reprinted from the National Association of Realtors
In short-term, home sales should improve as mortgage rates fall
Washington, D.C. (September 8, 2008)-The federal government's takeover of secondary mortgage giants Fannie Mae and Freddie Mac should cause a drop in mortgage rates in the short term that benefits home buyers, but the long-term outlook is too early to call. NAR fully supports the action of the U.S. Treasury and the Federal Housing Finance Agency.
The federal government had no choice. The capital situation of the two companies was not enough to handle the fallout from rising mortgage defaults in the near future. In addition, investors who purchase Fannie Mae and Freddie Mac debt have lost confidence in the two.
In a statement, NAR commended the Treasury's action, announced yesterday, to bring stability and continued liquidity to the mortgage market.
"The plan will help restore confidence in the secondary mortgage market," said NAR President Richard F. Gaylord.
"We appreciate the steps taken to calm the market, make mortgages more widely available and protect taxpayers. We look forward to working with the administration and Congress to ensure the continued vibrancy of the secondary mortgage market.
Summary of what the Treasury actually did and what it means
- In the takeover, Treasury placed the GSEs into a conservatorship-similar to a Chapter 11 bankruptcy- which fully protects taxpayers from conflicts of interest between taxpayers and shareholders or current management.
- The federal government is authorized to take up to an 80 percent stake in the companies, will review their financial condition quarterly, and inject money into the operations as needed. That means the market for GSE securities will be treated more like Treasury obligations, which should push mortgage interest rates down. That in turn, is expected to speed up home sales and help stabilize home prices.
- The GSEs will be allowed to increase their mortgage funding over the next year and a half to help stabilize markets. Starting in 2010, the plan calls for them to reduce their portfolios.
- The heads of Fannie Mae and Freddie Mac have been relieved of their duties. Treasury selected Herbert Allison, former Merrill Lynch vice chairman, to lead Fannie Mae, and David Moffett, former U.S. Bancorp CFO, to guide Freddie Mac.
Talking Points
- NAR, as the leading advocate for homeownership and housing issues, has closely monitored the market turmoil affecting the stock and debts of the two government-sponsored enterprises (GSEs) - Fannie Mae and Freddie Mac. Their mission is crucial to the economy to make fair and affordable mortgages available to home owners and home buyers. That mission must not be interrupted.
- Fannie Mae and Freddie Mac play a vital role in the U.S. economy by making fair and affordable mortgage loans available for home buyers and owners. That must not be interrupted. Treasury Secretary Henry M. Paulson Jr. and James B.Lockhart III, director of the Federal Housing Finance Agency that regulates Fannie Mae and Freddie Mac, have issued strong statements assuring the public that credit will continue to flow over the next 12 to 18 months.
- Short term, the takeover will result in government money driving down interest rates, which is expected to spur an increase in home sales.
- Long term, the action will lead to a major reorganization of the two GSEs as privately owned models. The brunt of that work will fall to the new administration and new Congress. NAR will help shape that process and the association is already working on a plan to do that.
- The action taking by Treasury and the FHFA, which regulates GSEs, makes clear the government will not let the deteriorating conditions of the GSEs disrupt the flow of capital to the housing sector, or harm the national and international financial system.
- The GSEs guarantee more than 40 percent of the nation's mortgages and own or guarantee more than $5 trillion in mortgages. Since the credit crunch began in August 2007, the private sector mortgage securitization market has virtually disappeared and the market share of the GSEs has jumped to about 70 percent.
- NAR will continue to follow events closely and develop recommendations on the future of the GSEs' mission to ensure there will be a robust secondary mortgage market in all markets.
Thursday, September 4, 2008
Florida Condo Prices Hit Bottom?
Real Estate Vultures Think Florida Condo Prices Have Hit Bottom
Reprinted from Florida Association of Realtors
MIAMI – Sept. 4, 2008 – Trying to time the real estate market and planning to buy once it hits bottom? Get your checkbook.
Condo Vultures LLC owner Peter Zalewski believes the recent purchase of 120 condominiums in Miami’s 50 Biscayne Blvd. tower, by the Philadelphia-based private equity firm Lubert-Adler Partners LP and Related Group of Florida, will usher in a wave of investors looking to snap up distressed properties in the region.
Jack McCabe of McCabe Research & Consulting LLC believes these vulture buyers are an indication that the housing market has bottomed out, and he believes ongoing foreclosure sales could extend the bottom for a few years. He says that vulture investors plan to spend $30 billion or more on distressed housing in the Sunshine State.
However, Lewis Goodkin of Goodkin Consulting Group says prices need to be reduced to about 50 cents on the dollar to attract investors.
Downtown Miami will see the opening of 11,551 condos this year, which is a five-year supply, according to MetroStudy regional director Brad Hunter.
Source: Bloomberg (09/04/08) Ivry, Bob
© Copyright 2008 INFORMATION, INC. Bethesda, MD (301) 215-4688
Ready to Buy? Click Here
Reprinted from Florida Association of Realtors
MIAMI – Sept. 4, 2008 – Trying to time the real estate market and planning to buy once it hits bottom? Get your checkbook.
Condo Vultures LLC owner Peter Zalewski believes the recent purchase of 120 condominiums in Miami’s 50 Biscayne Blvd. tower, by the Philadelphia-based private equity firm Lubert-Adler Partners LP and Related Group of Florida, will usher in a wave of investors looking to snap up distressed properties in the region. Jack McCabe of McCabe Research & Consulting LLC believes these vulture buyers are an indication that the housing market has bottomed out, and he believes ongoing foreclosure sales could extend the bottom for a few years. He says that vulture investors plan to spend $30 billion or more on distressed housing in the Sunshine State.
However, Lewis Goodkin of Goodkin Consulting Group says prices need to be reduced to about 50 cents on the dollar to attract investors.
Downtown Miami will see the opening of 11,551 condos this year, which is a five-year supply, according to MetroStudy regional director Brad Hunter.
Source: Bloomberg (09/04/08) Ivry, Bob
© Copyright 2008 INFORMATION, INC. Bethesda, MD (301) 215-4688
Ready to Buy? Click Here
Friday, March 21, 2008
Building Lots on Pine Island from the $40s
Located in the quaint historic fishing port of St. James City, on the southern tip of Pine Island, it is one of the most unique in Southwest Florida. Pine Island is part of the Intracoastal Waterway which connects the entire coast of Florida through the Pine Island Sound, Charlotte Harbor, and Boca Grande Pass. These northern barrier islands, form the gateway to what is commonly called the “Ten Thousand Islands,” they also produce some of the best tarpon fishing in the world. These islands form a waterway that runs along Florida’s west coast, south to the Florida Keys. St. James City is located a short drive to Cape Coral and Ft. Myers, which are some of the fastest growing areas in the country. They offer world class dining, an abundance of shopping, a variety of entertainment and many cultural events.
"Little Palm Village" has everything an active family could wish: small in-town home sites located within walking distance of all St. James City has to offer. The development is enhanced by the surrounding ambiance of this historic waterfront town and hundreds of beautiful estuaries and waterways that surround the islands. In addition, the development offers property owners close proximity to boat storage and docking facilities located within blocks of their property. The local channels offer deep water and easy Gulf access. Residents can further enjoy the full service marinas, charter fishing boats and multiple waterfront restaurants within walking distance from their home. Little "Little Palm Village" is designed to give you some of the best local “Old Florida” flavor and the famous “Key West” lifestyle that Pine Island offers its residents everyday of the year.
Sunday, March 9, 2008
Cape Coral Gulf Access Home - Reduced $190,000!
Priced Well Below Market Value for Quick Sale!
2540 SW 36th Lane
Cape Coral, FL
3-Bedrooms / 2-Baths / 2-Car Garage
U-shaped Captain's Dock with 7,000-lb Lift
Originally $650,000
Priced for Immediate Sale at $459,900!
Webpage:
http://www.InvestFloridaRealty.com/listings/gulf-access.htm
Virtual Tour:
http://www.realtourvision.com/tour.display.new.php?utl=RE-1066-BL41R1-01
Absolutely gorgeous waterfront home in Cape Coral on saltwater canal with access to the Gulf of Mexico. This lovely home has been exquisitely maintained and decorator furnished. The decorator furnishings are available, but are not included in the asking price. The split floor plan provides privacy with a separate master suite with pool access and beautiful water views. The master closet also includes a secure 'owner's closet' as well. The home features stylish neutral ceramic tile throughout and cathedral ceilings with custom light fixtures. The living room offers a built-in entertainment center with lighting and overlooks the pool with floor-to-ceiling sliding glass doors that literally open the entire expanse of the living room to the pool deck. The pool area has a covered entertaining area and a full screened pool cage. With a Southern exposure, the heated pool also enjoys direct sun throughout the day. The 6-person jacuzzi also overlooks the boat dock and water views.
The modern gourmet kitchen includes a full pantry, custom silestone counter tops, raised panel cabinetry, double stainless steel sink, a large breakfast bar, and all the appliances. The spacious dining room also overlooks the pool and water views. There is a separate laundry room complete with large basin laundry tub and the washer and dryer are included in the sale.Energy efficient windows throughout the home offer custom draperies and plantation style shutters. The two-car garage offers additional storage cabinetry and a pull-down attic access for additional storage. The home also features an upgraded metal roof with additional strengthening added during the construction process.
Lush tropical landscaping adds to the beauty of this amazing home and a custom built Captain's dock provides not only a 7,000 boat lift to keep your yacht high and dry, but also walkway access on both sides of your boat. A custom tiki hut has also been added to the dock along with a direct walkway from the pool area to the dock. You will have Gulf Access under one fixed bridge (approximately 9-feet) and through the Cape Harbour boat lock, with exceptionally convenient attended operating hours. Take your boat to dinner at Rum Runner's at the marina, to any of the many restaurants on the Caloosahatchee River, or maybe escape for a day of fishing in the Gulf of Mexico. At leisure speeds, you are just 35 minutes to the lock and a total of 45 minutes to the River. Sanibel Pass Bridge that welcomes you into the open Gulf is just an hour away.
Of course, the home is conveniently located just minutes away from downtown, but is also just minutes to Burnt Store Marina and on to Punta Gorda. The location puts you in the heart of it all without the hustle and bustle of city life.
Even your pickiest buyers will be impressed by the loving care that this home continues to receive from its current owners. If you're looking to move right in without a care in the world, this home will be perfect for you and your family. Easy to show - just give us a call!
As always, thank you for the opportunity to earn your business.
All the best,
--Branon A. Edwards
Licensed Real Estate Broker
Aqualand Realty, Inc
786-417-4910
2540 SW 36th Lane
Cape Coral, FL
3-Bedrooms / 2-Baths / 2-Car Garage
U-shaped Captain's Dock with 7,000-lb Lift
Originally $650,000
Priced for Immediate Sale at $459,900!
Webpage:
http://www.InvestFloridaRealty.com/listings/gulf-access.htm
Virtual Tour:
http://www.realtourvision.com/tour.display.new.php?utl=RE-1066-BL41R1-01
Absolutely gorgeous waterfront home in Cape Coral on saltwater canal with access to the Gulf of Mexico. This lovely home has been exquisitely maintained and decorator furnished. The decorator furnishings are available, but are not included in the asking price. The split floor plan provides privacy with a separate master suite with pool access and beautiful water views. The master closet also includes a secure 'owner's closet' as well. The home features stylish neutral ceramic tile throughout and cathedral ceilings with custom light fixtures. The living room offers a built-in entertainment center with lighting and overlooks the pool with floor-to-ceiling sliding glass doors that literally open the entire expanse of the living room to the pool deck. The pool area has a covered entertaining area and a full screened pool cage. With a Southern exposure, the heated pool also enjoys direct sun throughout the day. The 6-person jacuzzi also overlooks the boat dock and water views.
The modern gourmet kitchen includes a full pantry, custom silestone counter tops, raised panel cabinetry, double stainless steel sink, a large breakfast bar, and all the appliances. The spacious dining room also overlooks the pool and water views. There is a separate laundry room complete with large basin laundry tub and the washer and dryer are included in the sale.Energy efficient windows throughout the home offer custom draperies and plantation style shutters. The two-car garage offers additional storage cabinetry and a pull-down attic access for additional storage. The home also features an upgraded metal roof with additional strengthening added during the construction process.Lush tropical landscaping adds to the beauty of this amazing home and a custom built Captain's dock provides not only a 7,000 boat lift to keep your yacht high and dry, but also walkway access on both sides of your boat. A custom tiki hut has also been added to the dock along with a direct walkway from the pool area to the dock. You will have Gulf Access under one fixed bridge (approximately 9-feet) and through the Cape Harbour boat lock, with exceptionally convenient attended operating hours. Take your boat to dinner at Rum Runner's at the marina, to any of the many restaurants on the Caloosahatchee River, or maybe escape for a day of fishing in the Gulf of Mexico. At leisure speeds, you are just 35 minutes to the lock and a total of 45 minutes to the River. Sanibel Pass Bridge that welcomes you into the open Gulf is just an hour away.
Of course, the home is conveniently located just minutes away from downtown, but is also just minutes to Burnt Store Marina and on to Punta Gorda. The location puts you in the heart of it all without the hustle and bustle of city life.Even your pickiest buyers will be impressed by the loving care that this home continues to receive from its current owners. If you're looking to move right in without a care in the world, this home will be perfect for you and your family. Easy to show - just give us a call!
As always, thank you for the opportunity to earn your business.
All the best,
--Branon A. Edwards
Licensed Real Estate Broker
Aqualand Realty, Inc
786-417-4910
Wednesday, February 27, 2008
What's REALLY Happening in Florida - Winter 2008 Newsletter
**Greetings from Branon Edwards and Jelena Panfilova
from Aqualand Realty in sunny South Florida!
Welcome to another edition of InvestFloridaRealty.com's Florida real estate newsletter. There have been a lot of changes to the real estate landscape including the increase of foreclosures and sale inventory, new homestead exemption and portability for property tax reductions, as well as phenomenal opportunities for buyers and investors. We hope to dispel some of the misinformation being touted by the media while also giving you some solid information you can use.
In this issue:
-Homestead Portability Thanks to Amendment 1 (Action Required)
-Time to Refinance?
-Featured Property: Porpoise Point Fishing Resort
-Our Real Estate Listings (Homes, Condos, Land, Vacation Rentals)
-What's REALLY Happening in Florida's Real Estate Market?
-Buyers' Market Highlights including Currency Exchange
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Homestead Portability Thanks to Amendment 1 (Action Required)
What you should do to receive benefits of Amendment 1
To receive some of the benefits of the changes enacted January 29th, certain citizens must take action by March 1, 2008. The Constitutional amendment created four new opportunities for taxpayers to obtain tax relief:
1. Increased homestead exemption
2. Portability of "Save our Homes" benefit
3. $25,000 exemption for tangible personal property
4. 10% annual assessment limitation for non-homestead property
What taxpayers must do to receive these new benefits:
1. Increased homestead exemption - Homeowners that are currently receiving the homestead exemption will automatically receive the increased homestead exemption. No action is necessary.
2. Portability of "Save our Homes" benefits - If you received the homestead exemption in 2007 on a home that you sold or otherwise abandoned during 2007 and have purchased a new home by January 1, 2008, you are eligible to take some or all of the benefit of "Save our Homes" to your new home. In order to receive this benefit, you must apply by March 1, 2008 to your property appraiser for your new homestead exemption and for the transfer of the "Save Our Homes" benefit to your new homestead for 2008.
3. $25,000 exemption for tangible personal property - Tangible personal property taxes apply only to certain taxpayers in Florida - typically businesses and certain owners of mobile homes. The tax does not apply to homesteaded property. In order to receive the $25,000 exemption for tangible personal property, taxpayers subject to the tax must file a tangible personal property return with their property appraiser by April 1, 2008.
4. 10% limit on annual assessment increases for non-homestead property - The 10% limitation does not apply until next year. No application is necessary for 2008.
If you have any questions about what action you must take to receive these new benefits, please contact your local property appraiser. For information on how to contact Florida's property appraisers, go to http://dor.myflorida.com/dor/property/appraisers.html
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TIME TO REFINANCE?
If you're like most Americans who purchased a property between 2004-2006, chances are that you have an adjustable rate mortgage (ARM). It's also very likely that this mortgage is about to convert from the original 'teaser' low interest rate to a much higher interest rate that will push up your monthly mortgage payment substantially.
If your current interest rate is higher than 8%, then you will likely benefit enough from refinancing your mortgage to make it worthwhile. Even if you interest rate is 7%, you could benefit from a refinance if you plan to keep the property longer than 5 years.
With recent cuts in the interest rate by the Federal Reserve (and more on the way), interest rates are very attractive presently. However, your actual interest rate will vary based on your credit score, the type of property (primary residence, second home, investment, etc), how you plan to prove your financial situation (full documentation, bank statements, stated, etc), and the purpose of the loan (cash-out or just rate change).
If you would like a complimentary mortgage consultation, please call Branon at 786-417-4910 or send an email to Branon@InvestFloridaRealty.com
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FEATURED PROPERTY: Porpoise Point Fishing Resort
Aqualand Realty is happy to present to our customers a new bay front townhome development on the island community of Matlacha. Matlacha (Mat-Luh-Shay) is a quaint fishing village located between Cape Coral and Pine Island on the West Coast of Florida. On a broader geographic scale, it is located between the larger cities of Fort Myers and Sarasota. It is within a 30-minute drive of Southwest Florida International Airport in Fort Myers (Airport Code RSW).
The best way to describe Matlacha is that it looks like the Florida Keys 25 years ago. There are no high-rises and the historical society and local building regulations will keep it that way. In fact, there is a height restriction in place that limits buildings to no more than 3 stories.
Porpoise Point Fishing Resort is a new 20-unit townhome community that is located right on a wide expanse of Bay on the South side of the island. We can tell you from personal experience that the name is justly earned. We have yet to spend any time at the community without seeing the local pod of dolphins swimming by during the day. There are also families of Osprey and a Bald Eagle, not to mention a plethora of tropical birds and wildlife. Matlacha and Pine Island are perhaps one of the few unspoiled islands left in Florida that you can actually reach without a boat. Of course, the fishing in the area is phenomenal and it’s home to the World’s Richest Tarpon Tournament – the entry fee for the tourney is a mere $100,000!
This exclusive community will offer owners a 2,000-square foot private residence with 3 balconies, 3-bedrooms, and 3-and-a-half baths. In addition, the third bedroom can be converted to a guest suite with nightly renting potential. The community's zoning permits the main part of the residence to be rented with a 5-night minimum. There will also be deeded boat docks available including approximately six shoal-draft slips that should accommodate up to 26-foot boats, and deep water slips that should accommodate larger vessels with approximately a 5-foot draft at mean low tide. These slips should be large enough for a +40-foot sailboat with direct access (no bridges) to the Gulf of Mexico.
Click Here for More Information About or to Schedule a Private Tour of Porpoise Point:
http://www.InvestFloridaRealty.com/listings/porpoise-point.htm
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OUR REAL ESTATE LISTINGS (Homes, Condos, Land)
1,129 Acres
Evans Road, Labelle, FL
90-1,129 Acres of Mostly Cleared Land
Currently Zoned AG and Operated as Farm and Pasture
Could be Single Family Homesites, Dirt Mine, or Farm for BioDiesel/Ethanol
Priced from $20,000 Per Acre
http://www.InvestFloridaRealty.com/listings/792-labelle.htm
Galt Island Estate
4981 Galt Island Ave
Saint James City, FL
3-Bedrooms / 3-Baths / Boat Dock with Lift
3-Story on Private Island
Originally $2.5 Million
Reduced to Just $2.2 Million
http://www.InvestFloridaRealty.com/listings/galt-island-home.htm
Waterfront Castle with Gulf Access!
3651 Turtledove Blvd
Punta Gorda, FL 33950
Brand New Construction
3-Bedrooms/3.5-Baths/Boat Dock with Lift
Gulf Access for Sailboats
Originally $2 Million
Blow Out Priced at $1,499,900!
http://www.InvestFloridaRealty.com/listings/pgi.htm
Porpoise Point Fishing Resort
Matlacha, FL (Pine Island)
3-Bedroom/3.5-Bath/3-Balcony/3-Story Bayfront Townhomes
Preconstruction Prices from $875,500
Private Boat Docks Available
CHECK OUT THE VIRTUAL TOUR ONLINE
http://www.InvestFloridaRealty.com/listings/porpoise-point.htm
Trump Towers One
Brand New Beachfront Construction
2-Bedrooms/3-Baths + Den
Direct Ocean Views
3 Units to Choose From
Purchase Preconstruction Contract for 50% of Deposit!
Prices from the $800,000s to High $900,000s
Ocean Four
17201 Collins Ave, Unit 1506
Sunny Isles Beach, FL
2-Bedrooms / 2-Baths / 2-Balconies
Beachfront Building. Unit has direct West views
of Intracoastal, City, and Fabulous Sunsets.
Over $750,000 Invested
Blow Out Priced at Just $635,000!!
Rented Short-Term @ $2200/month until May 2008
http://www.InvestFloridaRealty.com/listings/ocean-4.htm
Marina Walk on Pine Island
Saint James City, FL 33956
Gated Waterfront Community with Boat Docks
Homes from the high $400,000s
http://www.InvestFloridaRealty.com/listings/marina-walk.htm
Cape Coral Gulf Access Home – Reduced $190,000!
2540 SW 36th Lane
Cape Coral, FL
3-Bedrooms / 2-Baths / 2-Car Garage
U-shaped Captain's Dock with 7,000-lb Lift
Originally $650,000
Priced for Immediate Sale at $459,900!
http://www.InvestFloridaRealty.com/listings/gulf-access.htm
Saint James City Gulf Access Building Lot
2395 Sycamore Street
Saint James City, FL
New Sea Wall plus Dock Permit
Originally $500,000
Reduced to $475,000
Reduced Again to $460,000
Blow Out Priced at $375,000!
http://www.InvestFloridaRealty.com/listings/sycamore.htm
Axis at Brickell Village
Brand New Construction in Downtown Miami
Close to EVERYTHING, Great Amenities!
Contract Now, Close with Developer in February
Unit #3404-S - 2/2 Bay View @ $459,900
http://www.InvestFloridaRealty.com/listings/axis.html
Unit #1412-S - 2/2 City View @ $400,000
http://www.InvestFloridaRealty.com/listings/axis.htm
Hollywood Hills
3701 Washington Street
Hollywood, FL 33021
3-Bedroom / 2-Bath / 2-Car/Fenced Yard
Fenced Yard, lots of upgrades
Tenant at $2,100/month until July 2008
Originally $384,000 (below Appraisal)
Priced to Sell at Just $373,900
http://www.InvestFloridaRealty.com/listings/3701-washington.htm
Saint James City Acreage
4094 Sunshine Blvd
Saint James City, FL 33956
5 Acres Building Lot on Paved Road
Road frontage on 3 sides
Could Possibly be Subdivided
Should be $400,000
Asking Just $316,000 ($63,500 per acre!)
http://www.InvestFloridaRealty.com/listings/sunshine-blvd.htm
Latitude on the River
185 SW 7th St, #1708
Brand New Construction in Downtown Miami
1-bedroom/1-bath with Bay Views
Was $269,900
Blow-Out Priced at $259,900! - UNDER CONTRACT
http://www.InvestFloridaRealty.com/listings/latitude.htm
BUSINESS FOR SALE
Cash Cow High-End Flower Shop in Downtown Fort Lauderdale
High Profits, Low Overhead, Over $100,000 in Inventory Included
Unbelievable Price of $249,900
http://www.InvestFloridaRealty.com/listings/flower-shop.htm
401 Blu
401 69th Street, #311
Miami Beach, FL 33141
1-Bedroom / 1-Bath
Newly renovated building
Tenant at $1300/month until June 2008
Originally $275,000
Priced for Quick Sale at $239,900
http://www.InvestFloridaRealty.com/listings/401-blu.htm
Meadowbrook Towers
610 NE 12th St
Hallandale Beach, FL 33009
1-Bedroom/1-Bath Condo in 55+ Community
Overlooking Pool and Clubhouse, Recent Upgrades
Was $138,900
Now Just $129,900!
http://www.InvestFloridaRealty.com/listings/meadowbrook-towers.htm
Little Palm Village
Saint James City, FL 33956
Single Family Home Building Lots
Buy Now, Build Later
Priced from the high $40,000s
Various Olde Florida Home Plans Available
http://www.InvestFloridaRealty.com/listings/little-palm-village.htm
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VACATION RENTALS – TurnKey Furnished with Ocean Views:
2080 Ocean Drive, Hallandale Beach
2-Bed/2-Bath Penthouse-09 from $3250/month
http://www.InvestFloridaRealty.com/rental/hallandale-beach.htm
2-Bed/2.5-Bath Corner Penthouse-01 from $3750/month
http://www.InvestFloridaRealty.com/rental/2080-ocean-dr.htm
2-Bed/2-Bath Lower Penthouse-10 from $3250/month
http://www.InvestFloridaRealty.com/rental/2080-ocean-drive.htm
Hollywood Beach Resort - #438
Large Oceanfront Studio with 2 Queen Beds from $1600/month ($999/week)
http://www.InvestFloridaRealty.com/rental/hollywood-beach.htm
Alexander Towers - #806
2-Bed/2-Bath Oceanfront, 3 Queen Beds + 1 Twin Bed
http://www.InvestFloridaRealty.com/rental/alexander-towers.htm
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What's REALLY Happening in Florida's Real Estate Market?
We know the media has basically been saying that the sky is falling for over a year now. In fact, if you listen to everything on the news or believe everything you read in the papers, you're likely standing on the edge of a tall building at the moment. However, you'll probably be surprised to know that things really aren't as horrible as they would like you to think. Step away from the ledge now please.
According to the media, housing values have dropped by 50% in some places - this is, of course, an exaggeration, but what's new? As an example, the Miami market hadn't depreciated at all until just this last quarter. And even then, it was an annualized depreciation of just 3.1%. That's a far cry from thinking your house had been devalued by 50%. In fact, over the last 12 months, homes in Miami-Dade County have actually APPRECIATED by 3.4% overall.
We subscribe to a very high-end real estate software system that tracks almost 400 large municipal markets throughout the USA. This system tracks the ACTUAL property appreciation for single family homes in these areas by sales, not by median home price. Median Home Price is the most commonly used gauge of how markets are performing, but if you know what the 'median' really means, you know it's not a good gauge at all. The system we use tracks individual homes in a given market over a 30-year period. By doing so, it can calculate what each home has sold for over time and thereby calculate the true appreciation rate.
By the way, if you would like more information on subscribing to this service, click here:
http://www.InvestFloridaRealty.com/RealEstateToolKit
Here's the actual overview of several markets here in Florida:
Miami & Miami-Dade County
Last Quarter Annualized -3.1%
2 Quarters Ago Annualized +1.8%
Last 12 Months +3.4%
3 Years Ago +21.9%
5 Years Ago +14.9%
10 Years Ago +2.0%
Fort Lauderdale & Broward County
Last Quarter Annualized -13.7%
2 Quarters Ago Annualized -4.2%
Last 12 Months -4.7%
3 Years Ago +24.1%
5 Years Ago +14.1%
10 Years Ago +1.7%
West Palm Beach & Palm Beach County
Last Quarter Annualized -11.1%
2 Quarters Ago Annualized -9.8%
Last 12 Months -6.9%
3 Years Ago +26.1%
5 Years Ago +13.7%
10 Years Ago +2.3%
Fort Myers, Cape Coral & Lee County
Last Quarter Annualized -16.6%
2 Quarters Ago Annualized -9.2%
Last 12 Months -9.7%
3 Years Ago +19.6%
5 Years Ago +13.5%
10 Years Ago +1.6%
Please keep in mind that these are the appreciation rates for single family homes - not for condominiums. Given the overbuilding of condos in recent years in Southeast Florida, the condo market is substantially different than the market for houses. Condos tend to be even more localized markets with individual buildings acting as neighborhoods and fluctuating based on the individual investor mix in that particular building. Our condo market is wide open presently with units that originally sold in preconstruction for $600 per square foot being offered for $400 per square foot, etc. If you don't plan to sell in the next year or two, condos can be an excellent addition to your portfolio right now - particularly in buildings that allow seasonal rentals.
If you would like more information on subscribing to the market tracking service, click here: http://www.InvestFloridaRealty.com/RealEstateToolKit
---------------------------------------------------
BUYERS’ MARKET HIGHLIGHTS including Currency Exchange
What is a Buyers' Market? Simply put it is a real estate market when the market conditions favor the buyer more so than the seller. Typically it means that there are more properties listed for sale than there are buyers to purchase them. In this specific market, it also means that in addition to the large amount of available inventory, sellers are also experiencing increased motivation to sell.
Florida experienced a huge increase in property values during the heat of the market in 2003-2005. This wave of appreciation attracted vast numbers of inexperienced investors into the market. Many of these investors are now sitting on properties that are vacant with mortgages that are inching upward as their rates adjust. Lots of these folks are now offering their properties at a substantial loss from what they paid for them just a few years ago. Foreclosures are looming across the United States, which again adds to the seller motivation.
From an investor's perspective, a Buyer's Market is exactly that - a great time to BUY. It's not a great time to sell, especially if you're artificially motivated, but the opportunities in the Florida market are exceptional. However, in any market, people are always buying and selling because of changes in their housing needs.
If we factor in the weak US Dollar, Florida real estate is an unbelievable bargain for foreigners or those buying with non-US currencies like the Canadian Dollar, the Euro, and the British Pound. These buyers have the benefit of additional incentives because of the attractive currency exchange rates.
At this writing, the exchange rates for these currencies are:
1 Euro = $1.48
1 British Pound = $1.97
1 Canadian Dollar = $1.01
Historically, the Canadian Dollar traded in recent years for about 60-cents in US Dollars. With this in mind, it means that Canadian buyers are now buying US real estate at about a 40% Discount! Many of these buyers are paying cash now with the anticipation of the market eventually normalizing. Once the exchange rate 'goes back to normal', these buyers will refinance their properties and take cash out. They can then convert the resulting US Dollars to Canadian Dollars and reap a nice profit once again from the exchange rate - leaving them with very little actually invested in the property.
In short, if you're considering investing in Florida, now is a great time to do so. Even if we haven't technically reached a 'bottom' of the market, many sellers are sufficiently motivated that negotiating the few points between the present market and 'the bottom' that you can often get an even better deal. Granted, highly sought after properties are still selling well and prices are holding steadily in established areas without high investor concentrations. As always, location is still the dominating factor in determining value in the real estate market.
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We hope you found this information useful. Of course, if you have any questions about the market in general or your specific situation, please feel free to give us a call at any time.
As always, thank you for the opportunity to earn your business. We also appreciate your trust and welcome the opportunity to assist your family and friends with their Florida real estate needs as well.
All the best,
--Branon A. Edwards, Licensed Florida Real Estate and Mortgage Broker
--Jelena Panfilova, Licensed Florida Real Estate Broker-Associate
Branon Direct: 786-417-4910
mailto:Branon@InvestFloridaRealty.com
Jelena Direct: 786-417-4911
mailto:Jelena@InvestFloridaRealty.com
Our Private Fax: 786-524-5747
VISIT OUR WEBSITE:
http://www.InvestFloridaRealty.com
VISIT OUR BLOG:
http://www.InvestFloridaRealty.BlogSpot.com
---- Office Information ----
Real Estate Office:
Aqualand Realty, Inc
8359 Stringfellow Road
Saint James City, FL 33956
Mortgage Office:
Mainland Mortgage Corp
2803 E Commercial Blvd, Suite 210
Fort Lauderdale, FL 33308
Apply Online: http://www.mainlandmortgage.com/apply-fora-loan.shtml
Thank you for the opportunity to
EARN your business.
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from Aqualand Realty in sunny South Florida!
Welcome to another edition of InvestFloridaRealty.com's Florida real estate newsletter. There have been a lot of changes to the real estate landscape including the increase of foreclosures and sale inventory, new homestead exemption and portability for property tax reductions, as well as phenomenal opportunities for buyers and investors. We hope to dispel some of the misinformation being touted by the media while also giving you some solid information you can use.
In this issue:
-Homestead Portability Thanks to Amendment 1 (Action Required)
-Time to Refinance?
-Featured Property: Porpoise Point Fishing Resort
-Our Real Estate Listings (Homes, Condos, Land, Vacation Rentals)
-What's REALLY Happening in Florida's Real Estate Market?
-Buyers' Market Highlights including Currency Exchange
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Homestead Portability Thanks to Amendment 1 (Action Required)
What you should do to receive benefits of Amendment 1
To receive some of the benefits of the changes enacted January 29th, certain citizens must take action by March 1, 2008. The Constitutional amendment created four new opportunities for taxpayers to obtain tax relief:
1. Increased homestead exemption
2. Portability of "Save our Homes" benefit
3. $25,000 exemption for tangible personal property
4. 10% annual assessment limitation for non-homestead property
What taxpayers must do to receive these new benefits:
1. Increased homestead exemption - Homeowners that are currently receiving the homestead exemption will automatically receive the increased homestead exemption. No action is necessary.
2. Portability of "Save our Homes" benefits - If you received the homestead exemption in 2007 on a home that you sold or otherwise abandoned during 2007 and have purchased a new home by January 1, 2008, you are eligible to take some or all of the benefit of "Save our Homes" to your new home. In order to receive this benefit, you must apply by March 1, 2008 to your property appraiser for your new homestead exemption and for the transfer of the "Save Our Homes" benefit to your new homestead for 2008.
3. $25,000 exemption for tangible personal property - Tangible personal property taxes apply only to certain taxpayers in Florida - typically businesses and certain owners of mobile homes. The tax does not apply to homesteaded property. In order to receive the $25,000 exemption for tangible personal property, taxpayers subject to the tax must file a tangible personal property return with their property appraiser by April 1, 2008.
4. 10% limit on annual assessment increases for non-homestead property - The 10% limitation does not apply until next year. No application is necessary for 2008.
If you have any questions about what action you must take to receive these new benefits, please contact your local property appraiser. For information on how to contact Florida's property appraisers, go to http://dor.myflorida.com/dor/property/appraisers.html
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TIME TO REFINANCE?
If you're like most Americans who purchased a property between 2004-2006, chances are that you have an adjustable rate mortgage (ARM). It's also very likely that this mortgage is about to convert from the original 'teaser' low interest rate to a much higher interest rate that will push up your monthly mortgage payment substantially.
If your current interest rate is higher than 8%, then you will likely benefit enough from refinancing your mortgage to make it worthwhile. Even if you interest rate is 7%, you could benefit from a refinance if you plan to keep the property longer than 5 years.
With recent cuts in the interest rate by the Federal Reserve (and more on the way), interest rates are very attractive presently. However, your actual interest rate will vary based on your credit score, the type of property (primary residence, second home, investment, etc), how you plan to prove your financial situation (full documentation, bank statements, stated, etc), and the purpose of the loan (cash-out or just rate change).
If you would like a complimentary mortgage consultation, please call Branon at 786-417-4910 or send an email to Branon@InvestFloridaRealty.com
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FEATURED PROPERTY: Porpoise Point Fishing Resort
Aqualand Realty is happy to present to our customers a new bay front townhome development on the island community of Matlacha. Matlacha (Mat-Luh-Shay) is a quaint fishing village located between Cape Coral and Pine Island on the West Coast of Florida. On a broader geographic scale, it is located between the larger cities of Fort Myers and Sarasota. It is within a 30-minute drive of Southwest Florida International Airport in Fort Myers (Airport Code RSW).
The best way to describe Matlacha is that it looks like the Florida Keys 25 years ago. There are no high-rises and the historical society and local building regulations will keep it that way. In fact, there is a height restriction in place that limits buildings to no more than 3 stories.
Porpoise Point Fishing Resort is a new 20-unit townhome community that is located right on a wide expanse of Bay on the South side of the island. We can tell you from personal experience that the name is justly earned. We have yet to spend any time at the community without seeing the local pod of dolphins swimming by during the day. There are also families of Osprey and a Bald Eagle, not to mention a plethora of tropical birds and wildlife. Matlacha and Pine Island are perhaps one of the few unspoiled islands left in Florida that you can actually reach without a boat. Of course, the fishing in the area is phenomenal and it’s home to the World’s Richest Tarpon Tournament – the entry fee for the tourney is a mere $100,000!
This exclusive community will offer owners a 2,000-square foot private residence with 3 balconies, 3-bedrooms, and 3-and-a-half baths. In addition, the third bedroom can be converted to a guest suite with nightly renting potential. The community's zoning permits the main part of the residence to be rented with a 5-night minimum. There will also be deeded boat docks available including approximately six shoal-draft slips that should accommodate up to 26-foot boats, and deep water slips that should accommodate larger vessels with approximately a 5-foot draft at mean low tide. These slips should be large enough for a +40-foot sailboat with direct access (no bridges) to the Gulf of Mexico.
Click Here for More Information About or to Schedule a Private Tour of Porpoise Point:
http://www.InvestFloridaRealty.com/listings/porpoise-point.htm
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OUR REAL ESTATE LISTINGS (Homes, Condos, Land)
1,129 Acres
Evans Road, Labelle, FL
90-1,129 Acres of Mostly Cleared Land
Currently Zoned AG and Operated as Farm and Pasture
Could be Single Family Homesites, Dirt Mine, or Farm for BioDiesel/Ethanol
Priced from $20,000 Per Acre
http://www.InvestFloridaRealty.com/listings/792-labelle.htm
Galt Island Estate
4981 Galt Island Ave
Saint James City, FL
3-Bedrooms / 3-Baths / Boat Dock with Lift
3-Story on Private Island
Originally $2.5 Million
Reduced to Just $2.2 Million
http://www.InvestFloridaRealty.com/listings/galt-island-home.htm
Waterfront Castle with Gulf Access!
3651 Turtledove Blvd
Punta Gorda, FL 33950
Brand New Construction
3-Bedrooms/3.5-Baths/Boat Dock with Lift
Gulf Access for Sailboats
Originally $2 Million
Blow Out Priced at $1,499,900!
http://www.InvestFloridaRealty.com/listings/pgi.htm
Porpoise Point Fishing Resort
Matlacha, FL (Pine Island)
3-Bedroom/3.5-Bath/3-Balcony/3-Story Bayfront Townhomes
Preconstruction Prices from $875,500
Private Boat Docks Available
CHECK OUT THE VIRTUAL TOUR ONLINE
http://www.InvestFloridaRealty.com/listings/porpoise-point.htm
Trump Towers One
Brand New Beachfront Construction
2-Bedrooms/3-Baths + Den
Direct Ocean Views
3 Units to Choose From
Purchase Preconstruction Contract for 50% of Deposit!
Prices from the $800,000s to High $900,000s
Ocean Four
17201 Collins Ave, Unit 1506
Sunny Isles Beach, FL
2-Bedrooms / 2-Baths / 2-Balconies
Beachfront Building. Unit has direct West views
of Intracoastal, City, and Fabulous Sunsets.
Over $750,000 Invested
Blow Out Priced at Just $635,000!!
Rented Short-Term @ $2200/month until May 2008
http://www.InvestFloridaRealty.com/listings/ocean-4.htm
Marina Walk on Pine Island
Saint James City, FL 33956
Gated Waterfront Community with Boat Docks
Homes from the high $400,000s
http://www.InvestFloridaRealty.com/listings/marina-walk.htm
Cape Coral Gulf Access Home – Reduced $190,000!
2540 SW 36th Lane
Cape Coral, FL
3-Bedrooms / 2-Baths / 2-Car Garage
U-shaped Captain's Dock with 7,000-lb Lift
Originally $650,000
Priced for Immediate Sale at $459,900!
http://www.InvestFloridaRealty.com/listings/gulf-access.htm
Saint James City Gulf Access Building Lot
2395 Sycamore Street
Saint James City, FL
New Sea Wall plus Dock Permit
Originally $500,000
Reduced to $475,000
Reduced Again to $460,000
Blow Out Priced at $375,000!
http://www.InvestFloridaRealty.com/listings/sycamore.htm
Axis at Brickell Village
Brand New Construction in Downtown Miami
Close to EVERYTHING, Great Amenities!
Contract Now, Close with Developer in February
Unit #3404-S - 2/2 Bay View @ $459,900
http://www.InvestFloridaRealty.com/listings/axis.html
Unit #1412-S - 2/2 City View @ $400,000
http://www.InvestFloridaRealty.com/listings/axis.htm
Hollywood Hills
3701 Washington Street
Hollywood, FL 33021
3-Bedroom / 2-Bath / 2-Car/Fenced Yard
Fenced Yard, lots of upgrades
Tenant at $2,100/month until July 2008
Originally $384,000 (below Appraisal)
Priced to Sell at Just $373,900
http://www.InvestFloridaRealty.com/listings/3701-washington.htm
Saint James City Acreage
4094 Sunshine Blvd
Saint James City, FL 33956
5 Acres Building Lot on Paved Road
Road frontage on 3 sides
Could Possibly be Subdivided
Should be $400,000
Asking Just $316,000 ($63,500 per acre!)
http://www.InvestFloridaRealty.com/listings/sunshine-blvd.htm
Latitude on the River
185 SW 7th St, #1708
Brand New Construction in Downtown Miami
1-bedroom/1-bath with Bay Views
Was $269,900
Blow-Out Priced at $259,900! - UNDER CONTRACT
http://www.InvestFloridaRealty.com/listings/latitude.htm
BUSINESS FOR SALE
Cash Cow High-End Flower Shop in Downtown Fort Lauderdale
High Profits, Low Overhead, Over $100,000 in Inventory Included
Unbelievable Price of $249,900
http://www.InvestFloridaRealty.com/listings/flower-shop.htm
401 Blu
401 69th Street, #311
Miami Beach, FL 33141
1-Bedroom / 1-Bath
Newly renovated building
Tenant at $1300/month until June 2008
Originally $275,000
Priced for Quick Sale at $239,900
http://www.InvestFloridaRealty.com/listings/401-blu.htm
Meadowbrook Towers
610 NE 12th St
Hallandale Beach, FL 33009
1-Bedroom/1-Bath Condo in 55+ Community
Overlooking Pool and Clubhouse, Recent Upgrades
Was $138,900
Now Just $129,900!
http://www.InvestFloridaRealty.com/listings/meadowbrook-towers.htm
Little Palm Village
Saint James City, FL 33956
Single Family Home Building Lots
Buy Now, Build Later
Priced from the high $40,000s
Various Olde Florida Home Plans Available
http://www.InvestFloridaRealty.com/listings/little-palm-village.htm
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VACATION RENTALS – TurnKey Furnished with Ocean Views:
2080 Ocean Drive, Hallandale Beach
2-Bed/2-Bath Penthouse-09 from $3250/month
http://www.InvestFloridaRealty.com/rental/hallandale-beach.htm
2-Bed/2.5-Bath Corner Penthouse-01 from $3750/month
http://www.InvestFloridaRealty.com/rental/2080-ocean-dr.htm
2-Bed/2-Bath Lower Penthouse-10 from $3250/month
http://www.InvestFloridaRealty.com/rental/2080-ocean-drive.htm
Hollywood Beach Resort - #438
Large Oceanfront Studio with 2 Queen Beds from $1600/month ($999/week)
http://www.InvestFloridaRealty.com/rental/hollywood-beach.htm
Alexander Towers - #806
2-Bed/2-Bath Oceanfront, 3 Queen Beds + 1 Twin Bed
http://www.InvestFloridaRealty.com/rental/alexander-towers.htm
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What's REALLY Happening in Florida's Real Estate Market?
We know the media has basically been saying that the sky is falling for over a year now. In fact, if you listen to everything on the news or believe everything you read in the papers, you're likely standing on the edge of a tall building at the moment. However, you'll probably be surprised to know that things really aren't as horrible as they would like you to think. Step away from the ledge now please.
According to the media, housing values have dropped by 50% in some places - this is, of course, an exaggeration, but what's new? As an example, the Miami market hadn't depreciated at all until just this last quarter. And even then, it was an annualized depreciation of just 3.1%. That's a far cry from thinking your house had been devalued by 50%. In fact, over the last 12 months, homes in Miami-Dade County have actually APPRECIATED by 3.4% overall.
We subscribe to a very high-end real estate software system that tracks almost 400 large municipal markets throughout the USA. This system tracks the ACTUAL property appreciation for single family homes in these areas by sales, not by median home price. Median Home Price is the most commonly used gauge of how markets are performing, but if you know what the 'median' really means, you know it's not a good gauge at all. The system we use tracks individual homes in a given market over a 30-year period. By doing so, it can calculate what each home has sold for over time and thereby calculate the true appreciation rate.
By the way, if you would like more information on subscribing to this service, click here:
http://www.InvestFloridaRealty.com/RealEstateToolKit
Here's the actual overview of several markets here in Florida:
Miami & Miami-Dade County
Last Quarter Annualized -3.1%
2 Quarters Ago Annualized +1.8%
Last 12 Months +3.4%
3 Years Ago +21.9%
5 Years Ago +14.9%
10 Years Ago +2.0%
Fort Lauderdale & Broward County
Last Quarter Annualized -13.7%
2 Quarters Ago Annualized -4.2%
Last 12 Months -4.7%
3 Years Ago +24.1%
5 Years Ago +14.1%
10 Years Ago +1.7%
West Palm Beach & Palm Beach County
Last Quarter Annualized -11.1%
2 Quarters Ago Annualized -9.8%
Last 12 Months -6.9%
3 Years Ago +26.1%
5 Years Ago +13.7%
10 Years Ago +2.3%
Fort Myers, Cape Coral & Lee County
Last Quarter Annualized -16.6%
2 Quarters Ago Annualized -9.2%
Last 12 Months -9.7%
3 Years Ago +19.6%
5 Years Ago +13.5%
10 Years Ago +1.6%
Please keep in mind that these are the appreciation rates for single family homes - not for condominiums. Given the overbuilding of condos in recent years in Southeast Florida, the condo market is substantially different than the market for houses. Condos tend to be even more localized markets with individual buildings acting as neighborhoods and fluctuating based on the individual investor mix in that particular building. Our condo market is wide open presently with units that originally sold in preconstruction for $600 per square foot being offered for $400 per square foot, etc. If you don't plan to sell in the next year or two, condos can be an excellent addition to your portfolio right now - particularly in buildings that allow seasonal rentals.
If you would like more information on subscribing to the market tracking service, click here: http://www.InvestFloridaRealty.com/RealEstateToolKit
---------------------------------------------------
BUYERS’ MARKET HIGHLIGHTS including Currency Exchange
What is a Buyers' Market? Simply put it is a real estate market when the market conditions favor the buyer more so than the seller. Typically it means that there are more properties listed for sale than there are buyers to purchase them. In this specific market, it also means that in addition to the large amount of available inventory, sellers are also experiencing increased motivation to sell.
Florida experienced a huge increase in property values during the heat of the market in 2003-2005. This wave of appreciation attracted vast numbers of inexperienced investors into the market. Many of these investors are now sitting on properties that are vacant with mortgages that are inching upward as their rates adjust. Lots of these folks are now offering their properties at a substantial loss from what they paid for them just a few years ago. Foreclosures are looming across the United States, which again adds to the seller motivation.
From an investor's perspective, a Buyer's Market is exactly that - a great time to BUY. It's not a great time to sell, especially if you're artificially motivated, but the opportunities in the Florida market are exceptional. However, in any market, people are always buying and selling because of changes in their housing needs.
If we factor in the weak US Dollar, Florida real estate is an unbelievable bargain for foreigners or those buying with non-US currencies like the Canadian Dollar, the Euro, and the British Pound. These buyers have the benefit of additional incentives because of the attractive currency exchange rates.
At this writing, the exchange rates for these currencies are:
1 Euro = $1.48
1 British Pound = $1.97
1 Canadian Dollar = $1.01
Historically, the Canadian Dollar traded in recent years for about 60-cents in US Dollars. With this in mind, it means that Canadian buyers are now buying US real estate at about a 40% Discount! Many of these buyers are paying cash now with the anticipation of the market eventually normalizing. Once the exchange rate 'goes back to normal', these buyers will refinance their properties and take cash out. They can then convert the resulting US Dollars to Canadian Dollars and reap a nice profit once again from the exchange rate - leaving them with very little actually invested in the property.
In short, if you're considering investing in Florida, now is a great time to do so. Even if we haven't technically reached a 'bottom' of the market, many sellers are sufficiently motivated that negotiating the few points between the present market and 'the bottom' that you can often get an even better deal. Granted, highly sought after properties are still selling well and prices are holding steadily in established areas without high investor concentrations. As always, location is still the dominating factor in determining value in the real estate market.
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We hope you found this information useful. Of course, if you have any questions about the market in general or your specific situation, please feel free to give us a call at any time.
As always, thank you for the opportunity to earn your business. We also appreciate your trust and welcome the opportunity to assist your family and friends with their Florida real estate needs as well.
All the best,
--Branon A. Edwards, Licensed Florida Real Estate and Mortgage Broker
--Jelena Panfilova, Licensed Florida Real Estate Broker-Associate
Branon Direct: 786-417-4910
mailto:Branon@InvestFloridaRealty.com
Jelena Direct: 786-417-4911
mailto:Jelena@InvestFloridaRealty.com
Our Private Fax: 786-524-5747
VISIT OUR WEBSITE:
http://www.InvestFloridaRealty.com
VISIT OUR BLOG:
http://www.InvestFloridaRealty.BlogSpot.com
---- Office Information ----
Real Estate Office:
Aqualand Realty, Inc
8359 Stringfellow Road
Saint James City, FL 33956
Mortgage Office:
Mainland Mortgage Corp
2803 E Commercial Blvd, Suite 210
Fort Lauderdale, FL 33308
Apply Online: http://www.mainlandmortgage.com/apply-fora-loan.shtml
Thank you for the opportunity to
EARN your business.
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