Thursday, May 8, 2008

The Upsides Of Florida Real Estate

With the bounty of tourist attractions, the beaches and everything else that Florida has to offer, it is indeed a great place to invest in real estate. Investing in properties require a lot of good decision making since it entails a really big amount of money to shell out coupled with all the risks associated with this investing business. However, it has a way to attract so many investors and here are just a few of the reasons why this is so.

Long Term Economic And Demographic Trends

It is believed that by the year 2010, Florida will be the state that will rank third in terms of its population and it is expected that it will increase just about 75% of the total population today by 2030. Being one of the ten fastest growing states in the country for the last seven decades, Florida is just the place to invest in properties because of the good foundation for economic growth such as a growing number of new jobs as well as higher income for the investors provided by the continuous growth in population.

Relocation To Florida

The state has also been one of the states that a lot of people consider relocating into. With an estimated number of nine hundred people flocking the state to find a home and based on the recent trends of relocation that add about 300,000 residents per year for the next couple of years, it is just the place to buy and sell real estate properties.

Low Unemployment

The state also known for its low unemployment rate. For the past two years, it was able to provide thousands of jobs for the people living in the state. For a long time, the state was able to go below or at least maintain the 4% unemployment rate putting it well below the unemployment average of the country. Also among the populous states in America, it has the lowest unemployment rate.


Despite the natural disasters that hit Florida, the real estate market here is not that much affected and these disasters such as hurricanes or earthquakes do not have a lasting impact on the performance of the real estate market in the state.

Experts show that these natural calamities do not generally affect the values of the properties in the place in fact, an event where a hurricane hit Florida led to the home values rising a year later after the disaster. This proves to show that despite the unfavorable circumstances regarding the weather that strike the state, it is still a good place to invest in real estate due to the short term effect that these calamities have on the real estate market.

Investing in real estate may mean a big risk for you however, you should also consider that even if it takes a lot of risk to do so, finding the right location where you should invest on properties is the best way to achieve a good return on your investment and one of the best places to invest in is Florida.

Vanessa Arellano Doctor

Wednesday, May 7, 2008

Selling Miami Real Estate Property on Slow Market

t is important to make adjustments when considering the buying a property in a slow real estate market such as Miami. Be informed that there are actually ways to sell your home in a slow market it is not impossible, it’s doable but you need to follow some simple guidelines to sell your property in a slow real estate market such as Miami. Well the first thing to consider is you have to price your property to sell, Pricing your property realistically is crucial. The current market and market conditions determine the value. In a slow market, buyers are reluctant to even take a look at properties that are overpriced. Sometimes you will be accused of overpricing but that is expected just be sure to know what to do when this things occur.

A property attracts the most attention, excitement and interest from potential buyers when it is first listed on the market. Overpricing at the initial listing misses out on this peak period and may result on your property “sitting” on the market. So it is important to know your craft and know what you’re selling. Be reasonable on selling and don’t put some drastic measures like pricing too high or too low, just be in the average so that you can be able to attract some potential buyers.
Selling Miami Real Estate Properties on Slow Market

Monday, April 28, 2008

Miami-Dade Real Estate: Why Home Developers Are Temporarily Turning Their Sights To Retail Market Projects

The Miami-Dade area is a famous tourism, business and recreation hub in the state of Florida.
This area, which is renowned for being called as the “Gateway to the Americas”, and for being “Americas Playground”, has a lot to offer tourists, business and real estate investors, and young families as well as retirees. The residential markets so far still continues to rise up after reeling from the previous US mortgage slump.

The Area Is Also Seeing Lower Retail-Market Rentals

The South Florida retail market, according to economists, is experiencing record-high rents and record-low vacancies. In Miami-Dade, which is being seen as the most underserved by retail of the three large South Florida counties, average rents on stores here has risen by 41 percent in 2006, from $21.52 to $30.45 per square foot. Broward and Palm Beach counties have seen similar trends.

Along with robust population growth, job growth and consumer spending, the sharp upturn follows limited development of new retail outlets from 2000 to 2004, when most of the funds were generally diverted into into condo developments. These days, developers and investors are setting their sights on retail development, and an estimated 6 million square feet of retail space is under construction in South Florida for delivery in 2007 and 2008

Why Most Property Developers Are Temporarily Shifting To Commercial Projects

According to real estate market analysts, a lot of developers are turning to commercial projects as a temporary shift, or deviation from the residential markets.

While most of the area's retail venues, which range from strip shopping centers to the traditional enclosed mall, are faring quite well, a large segment of the new funding is going into something that could seem out of place in sprawling South Florida. These days, mixed-use developments, which are also called lifestyle centers or town centers, are being built to meet the preferences and demands from consumers and local government units, for old-fashioned downtowns.

According to retail market observers, the average household income is about $130,000 in this region, which many say is quite above the national norm, and every shopping center or department store chain in the country sees this as an opportunity, and there's been a lot of interest from restaurants and the fashion business.

Retail market analysts also have noted that the average stay in a regional shopping mall 10 years ago was two hours,but now it's under 50 minutes. So from a new product standpoint, the mixed-use, shop-work-live" setup is seen as the retail market's future. It also gives developers flexibility during the long build-out process.

If the residential market seems to be going the wrong way, you have the ability to swap it out with offices, says the retail market observers. For instance, an ambitious shopping development project is planned for the City of Doral in western Miami-Dade County.

The builder, Flagler Development Group, is developing Downtown Doral, a 120-acre mixed-use community which houses 2,840 condominium apartments and townhouses, totaling almost 800,000 square feet of office space, has 180,000 square feet of retail, a new city hall, a new elementary school and 3 acres of parks and green space. The project will be developed in phases in the over the next seven to 10 years.

Vanessa Arellano Doctor
Aventura Condos 

Guide in Relocating in Miami Real Estate

If you are preparing to relocate with your family in Miami, you will no doubt to have an enjoyable stay in this city. In relocating, you will be faced with a lot of changes.

Most of the move in different city is due to company request. If this is the case, usually, the company will take good care of hiring and paying for a relocation specialist to help you out with your move. Of course, you are new with this city, so you are not familiar with anything. It is a good idea for you to work with a relocation specialist to assist you. This relocation agent can make it easy for you to find the best location that has an easy transit for you. There are some relocation services who can take good care of relocating your pets.

Typically, relocation teams can do the work for you from selling your former home to buying your new home in Miami real estate. Since you are not familiar yet with the city, the relocation team can also help you out in familiarizing the city.

It can be a hassle on your part when you have to move from city to city. It would be a hassle –free on your part if you hire a relocation agent to assist you with your quest. Of course, in relocating, you have to secure yourself and your family, and this relocation agent can assure you that you will have a hassle-free transit. Relocation duties are quite hard and frustrating, but with the aid of a relocation agent, you can enjoy your real estate experience.

Take note, you have to assure that you will be getting the right relocation agent. You have to contact few agents, about 3. You can check out some with your of your yellow pages. You can call them and interview them via phone, but if you have much time you can interview them personally. Get the agent that has the expertise and experiences that can aid you with your quest.

The agent will help you find a new home in Miami real estate, so that would be a relief for you, imagine the heavy task that was taken off your shoulder.

When relocating, there are factors to be considered. When you relocate to anew city, you have to thin about your children. Of course, you want to put your children in a good school. Since you are new to this city, it is quite hard for you to find a school that would be could enough for your kids. Seeking for schools can a bit hard task for you. The relocation agent will help you out with your problem; he/she can give you lists of schools, so it will make it easier for you to do the task.

Relocating to Miami real estate agent can be an enjoyable task if you work with the right relocation agent.

Eliza Maledevic Ayson