The trend of overall demand for housing in China between 2015 and 2030, will rise-fall-rise; a shift occurring between 2020 and 2025, when Chinese cities will not have conditions for the rapid growth of this indicator. This was reported in the Report of Real Estate Development, published on Monday by the Center for Financial Strategies Research of the Academy of Social Sciences of China.
Given the need for long-term housing, the report suggests, first, to address this demand, taking into account the current structure of the population; and secondly, do not lose sight of the risk involved in that structure may change after the 2025 All these elements point to turn to a housing reform and adjustment of population policy.
Monday, July 28, 2014
Wednesday, July 23, 2014
The shipping containers can be converted into affordable housing
The Washington Post noted that the container ships are the basic component of the global economy, "the large steel boxes that ply the oceans," large containers. Now in Washington DC have been converted into a student experiment that has triggered a debate on affordable housing. "They are striking and cheap houses", says the article.
The architects of this project is to use containers pose discarded as new homes for low-income families. Davies, one of the architects of the project, states that have attempted to provide a welcoming atmosphere to these houses. The doors and windows will be introduced floored. In addition, each bedroom will have a mirror in the closet.
Workers in Baltimore breads cut steel to create an open kitchen and living space. These containers were placed in three storages and each level will be six containers. Each of the four floors will be designed as a single apartment, each with six bedrooms and six bathrooms.
The walls that give the exterior of the residential areas will be transparent plastic to be used as greenhouses. Containers are acoustic and thermal insulation, plywood walls and floors birch plywood original. Larger containers will be worth $ 2,000.
The architects of this project is to use containers pose discarded as new homes for low-income families. Davies, one of the architects of the project, states that have attempted to provide a welcoming atmosphere to these houses. The doors and windows will be introduced floored. In addition, each bedroom will have a mirror in the closet.
Workers in Baltimore breads cut steel to create an open kitchen and living space. These containers were placed in three storages and each level will be six containers. Each of the four floors will be designed as a single apartment, each with six bedrooms and six bathrooms.
The walls that give the exterior of the residential areas will be transparent plastic to be used as greenhouses. Containers are acoustic and thermal insulation, plywood walls and floors birch plywood original. Larger containers will be worth $ 2,000.
Monday, July 14, 2014
Tips To Be Successful In Real Estate Sales
Achieving success in the real estate sector is not an easy task. It takes effort, dedication and discipline, among many other qualities, but also requires good planning and having a good sales strategy. Some experts have shared with us their experiences, they were able to extract some tips that will be useful both for those who already have their own business and for those who wish to enter it. Here we present.
First, it is important to have a professional mission and vision, which means set goals and specific targets. This will facilitate the development of a Strategic Plan (SP) to help us assess the results obtained throughout the year in which the plan is implemented. After that year, they must assess these results and make appropriate modifications to improve profits.
Recognize your strengths and weaknesses. This is necessary to achieve the best results in the tasks you decide to carry out as part of a company. Many people whose main orientation is towards sales managers strive to be, resulting in a poor state of finances of the estate. Consider that you are part of a team where each person performs the function that corresponds, according to their skills and abilities.
Form a balanced team, where everyone assigned specific tasks. This is important because a good leader should be able to bring people to the right caliber to perform the work required. If each team is dedicated to specific tasks, which also correspond to their experience and inclinations, the business will march on wheels.
To be known and maintain open channels of communication with customers and suppliers, it is worth having a website. It is also highly recommended to include the page in a directory of real estate, so that there is more visitor traffic to the site.
Finally, the development of a manual of procedures is recommended, in which the orientation of the property, ie, what is the way to work each area, according to the specialization of the business, what steps reflect a followed in each operation and what follow-up to each case.
First, it is important to have a professional mission and vision, which means set goals and specific targets. This will facilitate the development of a Strategic Plan (SP) to help us assess the results obtained throughout the year in which the plan is implemented. After that year, they must assess these results and make appropriate modifications to improve profits.
Recognize your strengths and weaknesses. This is necessary to achieve the best results in the tasks you decide to carry out as part of a company. Many people whose main orientation is towards sales managers strive to be, resulting in a poor state of finances of the estate. Consider that you are part of a team where each person performs the function that corresponds, according to their skills and abilities.
Form a balanced team, where everyone assigned specific tasks. This is important because a good leader should be able to bring people to the right caliber to perform the work required. If each team is dedicated to specific tasks, which also correspond to their experience and inclinations, the business will march on wheels.
To be known and maintain open channels of communication with customers and suppliers, it is worth having a website. It is also highly recommended to include the page in a directory of real estate, so that there is more visitor traffic to the site.
Finally, the development of a manual of procedures is recommended, in which the orientation of the property, ie, what is the way to work each area, according to the specialization of the business, what steps reflect a followed in each operation and what follow-up to each case.
Monday, July 7, 2014
Cement and regulated rebar still missing
Just enough to walk the streets and avenues of the municipalities in the east of the aragüeña entity to demonstrate that there is discontent among citizens who have spent months on the trail of building materials; and to build a house today is an almost "impossible" for many, raising goal as four walls and a roof can take months or even years, before the imminent shortage hitting the construction sector.
During a tour of different ferreteros establishments, it was found that there are people that take hours in front of these businesses to purchase cement, rebar and blocks task is not easy, because most of the time, none of these products are easily in the market.
During the morning of Friday, it was learned that since about two months ago rebars and cement at regulated prices disappeared shaft this, so buyers must cancel up to 255 bolivars a belaying pin on average, and 215 by March 1 / 8, although the latter has a month that never comes.
Managers of stores dedicated to the sale of such materials, stressed that the regulated spokes do not reach their shelves because they mostly are used by the Great Mission Housing Venezuela, because apparently the production of these items benefits directly to this social plan promoted by the National executive.
Also expressed that all metal products are mechanical problems in the distribution, noting that something as simple as a wire coil has gone months hardware stores.
Pedro Graterol, a construction worker for twenty years, for it is the first time that you see in front of such a critical situation, "I have lost many jobs because there is no material anywhere, who have the ability to have a contact for achieved, but the humble people who make sacrifices to build their homes are as they see more black, because they have to get up early every day to see where they get the concrete, the steel bars and everything you need, hopefully this will improve soon ", he said.
During a tour of different ferreteros establishments, it was found that there are people that take hours in front of these businesses to purchase cement, rebar and blocks task is not easy, because most of the time, none of these products are easily in the market.
During the morning of Friday, it was learned that since about two months ago rebars and cement at regulated prices disappeared shaft this, so buyers must cancel up to 255 bolivars a belaying pin on average, and 215 by March 1 / 8, although the latter has a month that never comes.
Managers of stores dedicated to the sale of such materials, stressed that the regulated spokes do not reach their shelves because they mostly are used by the Great Mission Housing Venezuela, because apparently the production of these items benefits directly to this social plan promoted by the National executive.
Also expressed that all metal products are mechanical problems in the distribution, noting that something as simple as a wire coil has gone months hardware stores.
Pedro Graterol, a construction worker for twenty years, for it is the first time that you see in front of such a critical situation, "I have lost many jobs because there is no material anywhere, who have the ability to have a contact for achieved, but the humble people who make sacrifices to build their homes are as they see more black, because they have to get up early every day to see where they get the concrete, the steel bars and everything you need, hopefully this will improve soon ", he said.
Wednesday, July 2, 2014
Fibers, the future of real estate in Mexico
The future of real estate in Mexico is in the fibers (Investment Trusts Real Estate), and optimal development since its inception in the country the guarantee, was the opinion of José María Garza Treviño, president of construction and development division of the construction Garza Ponce, who recently announced the sale of properties for signature Fiber One
Were 33 properties in total which gave the builder a Fiber One in the amount of 274.8 million dollars, comprising 29 buildings and four wickets, Garza Treviño said.
Operation in which the buildings were valued at 243.3 million dollars, while the land had a that amounted to $ 31.6 million.
"It is an important operation for us, not just for anyone, for the amount. We are selling a package of assets where we had a partnership with American investment fund, Clarion Partners. "
"The priority was to close this transaction, which has not yet been closed, was the announcement right now, there are still some details missing that the Federal Competition Commission authorizes it and a few legal details," said
"But we have a binding memorandum Funo guy, then, the truth is that right now we are focused on closing the transaction and will give us the month of November and December for an internal planning in detail to see what we do, how and when, "he said.
The manager mentioned that this is an operation that led in conjunction with its partners Clarion Partners; and capital for this transaction will serve to continue Garza Ponce's product development, focused on the market for industrial parks.
"That's what we are doing, we are the creators of the first industrial park figure here in Texas, so we have industrial parks here in the metropolitan area, Reynosa, something in San Luis Potosi and Aguascalientes."
"The idea is to follow a single line, which is the development of park and industrial buildings," he said.
Moreover, Garza Trevino explained that currently have under development an industrial park in Aguascalientes, called San Francisco, same as is in its fourth stage.
He also commented that the construction company has an equity stake in the project Interpuerto Monterrey.
Were 33 properties in total which gave the builder a Fiber One in the amount of 274.8 million dollars, comprising 29 buildings and four wickets, Garza Treviño said.
Operation in which the buildings were valued at 243.3 million dollars, while the land had a that amounted to $ 31.6 million.
"It is an important operation for us, not just for anyone, for the amount. We are selling a package of assets where we had a partnership with American investment fund, Clarion Partners. "
"The priority was to close this transaction, which has not yet been closed, was the announcement right now, there are still some details missing that the Federal Competition Commission authorizes it and a few legal details," said
"But we have a binding memorandum Funo guy, then, the truth is that right now we are focused on closing the transaction and will give us the month of November and December for an internal planning in detail to see what we do, how and when, "he said.
The manager mentioned that this is an operation that led in conjunction with its partners Clarion Partners; and capital for this transaction will serve to continue Garza Ponce's product development, focused on the market for industrial parks.
"That's what we are doing, we are the creators of the first industrial park figure here in Texas, so we have industrial parks here in the metropolitan area, Reynosa, something in San Luis Potosi and Aguascalientes."
"The idea is to follow a single line, which is the development of park and industrial buildings," he said.
Moreover, Garza Trevino explained that currently have under development an industrial park in Aguascalientes, called San Francisco, same as is in its fourth stage.
He also commented that the construction company has an equity stake in the project Interpuerto Monterrey.
Fiber One wants to enter the "top ten" real estate
The purpose of the Investment Trust Real Estate One is that year's end is positioned within the global top ten by market value, said Gonzalo Robina, deputy general manager.
After his fourth public offering of trust bonds (CBFI), who performed Wednesday at the Mexican Stock Exchange (BMV), Fiber One caught 32 thousand 816 million pesos, which placed it at number 14.
"With this placement we became the world number 14 Fibre, we being very close to our competitors; waited in a relatively short time to be in the top 10; if the market allows and continues to support, maybe later this year. "
He indicated that growth is based on opportunities they are seeing in the country to continue to invest and also a successful strategy to distribute these resources obtained from the placement, if done in a timely manner may enter the place wish.
Moreover, the growth for the rest of our competitors, given the time they have on the market, and is very stable and is very marginal; "We still have this opportunity to front and are taking, we have to be great among greats, we must be competitive level and size that puts us one more important players."
He stressed that the achievement that has had so far is noteworthy, since in the U.S. the market for fiber, or as they are known there: ritz, has 50 years in the financial system in Mexico is just three years Fibra Uno which was the pioneer.
Of these 32 thousand 816 million pesos raised by the offer of 800 million 400 thousand CBFI said 5 billion will be used to pay debt and the remainder for the acquisition of new properties to expand their portfolio of properties.
On the other hand, said they hope to have a purchasing power of up to 60 billion dollars to develop properties and estimate no more than one year.
Although Robina said that its growth is not based on performance that may have structural reforms, they expect themselves to be benefited by them
Prologis
Fiber Prologis has decided to focus on only six states in the country, which considers strategic for the development of industrial buildings.
The newly created fiber, which debuted at the BMV few days ago, considered Mexico City, Guadalajara, Monterrey, Juarez, Tijuana and Reynosa as the main logistics centers. The properties that make up the portfolio are 177.
Its strategy is based on having properties near consumer markets. Prologis is a world class player, placed in 21 countries, and is one of the competitors of Fiber One.
After his fourth public offering of trust bonds (CBFI), who performed Wednesday at the Mexican Stock Exchange (BMV), Fiber One caught 32 thousand 816 million pesos, which placed it at number 14.
"With this placement we became the world number 14 Fibre, we being very close to our competitors; waited in a relatively short time to be in the top 10; if the market allows and continues to support, maybe later this year. "
He indicated that growth is based on opportunities they are seeing in the country to continue to invest and also a successful strategy to distribute these resources obtained from the placement, if done in a timely manner may enter the place wish.
Moreover, the growth for the rest of our competitors, given the time they have on the market, and is very stable and is very marginal; "We still have this opportunity to front and are taking, we have to be great among greats, we must be competitive level and size that puts us one more important players."
He stressed that the achievement that has had so far is noteworthy, since in the U.S. the market for fiber, or as they are known there: ritz, has 50 years in the financial system in Mexico is just three years Fibra Uno which was the pioneer.
Of these 32 thousand 816 million pesos raised by the offer of 800 million 400 thousand CBFI said 5 billion will be used to pay debt and the remainder for the acquisition of new properties to expand their portfolio of properties.
On the other hand, said they hope to have a purchasing power of up to 60 billion dollars to develop properties and estimate no more than one year.
Although Robina said that its growth is not based on performance that may have structural reforms, they expect themselves to be benefited by them
Prologis
Fiber Prologis has decided to focus on only six states in the country, which considers strategic for the development of industrial buildings.
The newly created fiber, which debuted at the BMV few days ago, considered Mexico City, Guadalajara, Monterrey, Juarez, Tijuana and Reynosa as the main logistics centers. The properties that make up the portfolio are 177.
Its strategy is based on having properties near consumer markets. Prologis is a world class player, placed in 21 countries, and is one of the competitors of Fiber One.
Tuesday, July 1, 2014
Chamber of Real Estate questions about housing official figures
The president of the Chamber of Real Estate, Felipe Martinez, wondered why there are refugees in the country if the national government and managed to reach the figure of over 100,000 homes built.
He mentioned that in Caracas and other states are still occupied by some homeless shelters; as well as some hotels in the state of Nueva Esparta.
He recalled that the priority given by the national government was delivering housing solutions to those affected by the rains. "Obviously or not it has been given priority, or there are many more homeless or have not been met the goals established families," he said.
In this regard, requested the Executive to clarify the situation, because in his opinion the figure announced in housing is significant. Moreover, he insisted that the country witnessed the construction industry is criminalized in the country, because of a small builders that violated the standards group.
"There is no incentive to private construction companies to carry out projects and produce housing; there is a clear and express intention not encourage it, "said criticizing commissioning brand new Real Estate Leasing Law and agreements with other countries.
"The lease has virtually disappeared in what is the offer that appears in the specialized media," said claiming that there is great uncertainty on the adoption of the statute "so punitive".
He mentioned that in Caracas and other states are still occupied by some homeless shelters; as well as some hotels in the state of Nueva Esparta.
He recalled that the priority given by the national government was delivering housing solutions to those affected by the rains. "Obviously or not it has been given priority, or there are many more homeless or have not been met the goals established families," he said.
In this regard, requested the Executive to clarify the situation, because in his opinion the figure announced in housing is significant. Moreover, he insisted that the country witnessed the construction industry is criminalized in the country, because of a small builders that violated the standards group.
"There is no incentive to private construction companies to carry out projects and produce housing; there is a clear and express intention not encourage it, "said criticizing commissioning brand new Real Estate Leasing Law and agreements with other countries.
"The lease has virtually disappeared in what is the offer that appears in the specialized media," said claiming that there is great uncertainty on the adoption of the statute "so punitive".
Thursday, June 26, 2014
Is it time to buy property? Prices will fall more than 20% until 2017
The real estate market shows signs of recovery, but it is still early to talk about a hard reset of the sector. Faced with the prospect of a rise in prices, many analysts and experts point out that the amounts will stabilize in the current year (as the Institute of Economic Studies, linked to the body said CEOE) and that in the coming years even could produce 'sudden' increases if the improved economic conditions lead to a recovery in the labor market. For many homebuyers arises, then, a question inevitably: is this the time to buy a home? Is there a risk that they do not re-register such low prices?
This is not the opinion of the consultant RR Acuña & Associates, which holds that housing prices still have ample setback: in his "Statistical Yearbook of the Spanish property market 2014" I expect prices to continue to decline in a range of between 5% and 7% annually over the next three years. Overall, the drop in prices will rise to 21%, which is in addition to lowering properties that have experienced since the bursting of the housing bubble. According to statistics of the Ministry of Development, the housing prices have fallen by 30.56% from the highs of 2008.
The most significant reason is, according to the president of the consulting firm, Fernando Rodríguez y Rodríguez de Acuña, the remaining unsold. Acuña is probably the expert believes that this 'stock' has a higher weight: consider that there are still 1.7 million unsold homes, although their distribution throughout the Spanish territory is uneven.
Acuña & Associates believes that in areas with higher population density and demand for second homes, such as Madrid, Alicante and Malaga the "stock" will be removed in the next two or three years. The influence of foreign demand for housing and the gradual improvement of the conditions for granting of credit will be sufficient to sustain the recovery in the sector, according to this society. How the rise of trades in recent months then explain? "Sell that sells cheaper," explained the head of Acuña, quoted by Ep.
Instead, Yes there was a slight "change in trend" which has allowed it to begin to correct some of the Spanish property market imbalances (such as mortgages), but all signs point to "very slow" reduction "stock" and thus, a recovery in slow motion in the long term.
The study expected in 2016, to rebound until operations 332,000 operations. Meanwhile, awards and payments in the fall to 59,000. Meanwhile, the remainder of unsold homes will be reduced by 155,000, to the 1,572,000 homes.
This is not the opinion of the consultant RR Acuña & Associates, which holds that housing prices still have ample setback: in his "Statistical Yearbook of the Spanish property market 2014" I expect prices to continue to decline in a range of between 5% and 7% annually over the next three years. Overall, the drop in prices will rise to 21%, which is in addition to lowering properties that have experienced since the bursting of the housing bubble. According to statistics of the Ministry of Development, the housing prices have fallen by 30.56% from the highs of 2008.
The most significant reason is, according to the president of the consulting firm, Fernando Rodríguez y Rodríguez de Acuña, the remaining unsold. Acuña is probably the expert believes that this 'stock' has a higher weight: consider that there are still 1.7 million unsold homes, although their distribution throughout the Spanish territory is uneven.
Acuña & Associates believes that in areas with higher population density and demand for second homes, such as Madrid, Alicante and Malaga the "stock" will be removed in the next two or three years. The influence of foreign demand for housing and the gradual improvement of the conditions for granting of credit will be sufficient to sustain the recovery in the sector, according to this society. How the rise of trades in recent months then explain? "Sell that sells cheaper," explained the head of Acuña, quoted by Ep.
Instead, Yes there was a slight "change in trend" which has allowed it to begin to correct some of the Spanish property market imbalances (such as mortgages), but all signs point to "very slow" reduction "stock" and thus, a recovery in slow motion in the long term.
The study expected in 2016, to rebound until operations 332,000 operations. Meanwhile, awards and payments in the fall to 59,000. Meanwhile, the remainder of unsold homes will be reduced by 155,000, to the 1,572,000 homes.
Monday, June 23, 2014
Miami developers promise to investors for rental income of 5% per annum
The uncertainty in the Argentine real estate market forces many local investors assess alternatives outside borders. And in that menu, Miami has become one of the favorite dishes.
Developers operating in this market know that situation and that is why more and more are coming into the country to offer their products.
For instance, US-based Related Group, owned by Argentine businessman Jorge Perez just introduced in the country, through the chairman of the Division of Condominiums, Carlos Rosso, a series of ventures that will open in mid-2016. "Are each Argentine increasingly looking to invest in the Miami real estate market, "confirms Rosso.
One of the proposals is Brickell Heights; is a two-tower condominium with over 690 residential units, located at 850 South Miami Avenue. "More and more investors buying departments to hire them, not to go live. These investments allow a 5% annual return, plus appreciation of good, "explained the representative of the firm. The square meter in one of these homes costs $ s4.000.
In the local market rent is similar but in pesos.
The second proposal is Hyde Beach. "We invented a way to sell a little different, where people can buy an apartment, but with the option to rent per day when not in use. In this case, there is a hotel company which will manage the rental pool, told the businessman. Thus, a person can acquire an apartment and to use it as long as you want and the rest of the days rent. With this income the owner can cover costs and also getting a return on your investment. The prices for these units, fully equipped, ranging from USD $ 5000 and the $ s6.000/m2.
The purchaser of a property has to know that the above price includes rental service per day with the company to find its position and fully furnished condos.
The third project in dance is Paradise Bay. Located just five minutes from the new Brickell CitiCentre complex will consist of two towers with 345 residences from 1 to 4 bedrooms, "all with a panoramic view with a value of $ 4,200 per m2" said Rosso. Among the international figures that his department already assured Paradise Bay is sportsman Argentine Manu Ginobili, Arantxa Sánchez Vicario and international DJ, David Guetta.
Miami is still a very expensive city to rent compared to the rest of the United States. The values in round vacation in $ 1,600, which means a third of what it costs in Chicago or New York half.
The real estate developer, since its founding in 1979, has completed 80,000 departments. Besides construction in Miami, the company raises modern buildings in Brazil, Mexico, Uruguay, Colombia and Panama.
Fall in property prices
The average price of a home in the City of Buenos Aires increased 54.6% in dollars and 8% in dollars between late January and March 2013, while the sale of new or used property continues to be depressed, according to the Association of Notaries City of Buenos Aires.
The amount of deeds of sale of properties in Capital fell 53.7% in January compared to last December and 0.8% compared to January 2013. 2,027 events were recorded.
Developers operating in this market know that situation and that is why more and more are coming into the country to offer their products.
For instance, US-based Related Group, owned by Argentine businessman Jorge Perez just introduced in the country, through the chairman of the Division of Condominiums, Carlos Rosso, a series of ventures that will open in mid-2016. "Are each Argentine increasingly looking to invest in the Miami real estate market, "confirms Rosso.
One of the proposals is Brickell Heights; is a two-tower condominium with over 690 residential units, located at 850 South Miami Avenue. "More and more investors buying departments to hire them, not to go live. These investments allow a 5% annual return, plus appreciation of good, "explained the representative of the firm. The square meter in one of these homes costs $ s4.000.
In the local market rent is similar but in pesos.
The second proposal is Hyde Beach. "We invented a way to sell a little different, where people can buy an apartment, but with the option to rent per day when not in use. In this case, there is a hotel company which will manage the rental pool, told the businessman. Thus, a person can acquire an apartment and to use it as long as you want and the rest of the days rent. With this income the owner can cover costs and also getting a return on your investment. The prices for these units, fully equipped, ranging from USD $ 5000 and the $ s6.000/m2.
The purchaser of a property has to know that the above price includes rental service per day with the company to find its position and fully furnished condos.
The third project in dance is Paradise Bay. Located just five minutes from the new Brickell CitiCentre complex will consist of two towers with 345 residences from 1 to 4 bedrooms, "all with a panoramic view with a value of $ 4,200 per m2" said Rosso. Among the international figures that his department already assured Paradise Bay is sportsman Argentine Manu Ginobili, Arantxa Sánchez Vicario and international DJ, David Guetta.
Miami is still a very expensive city to rent compared to the rest of the United States. The values in round vacation in $ 1,600, which means a third of what it costs in Chicago or New York half.
The real estate developer, since its founding in 1979, has completed 80,000 departments. Besides construction in Miami, the company raises modern buildings in Brazil, Mexico, Uruguay, Colombia and Panama.
Fall in property prices
The average price of a home in the City of Buenos Aires increased 54.6% in dollars and 8% in dollars between late January and March 2013, while the sale of new or used property continues to be depressed, according to the Association of Notaries City of Buenos Aires.
The amount of deeds of sale of properties in Capital fell 53.7% in January compared to last December and 0.8% compared to January 2013. 2,027 events were recorded.
Friday, June 20, 2014
Renting an apartment in Miami represents 50% of an average household income
As Secretary of Housing and Urban Development United States, Shaun Donovan says "is the worst crisis ever in the rental market." From January to March, the payment of rent went assume 23% to 47% of revenue, a study center analysis 'Zillow', specializing in real estate. The national average is 30%.
This is particularly worrying for new immigrants or employees of companies that have been installed in South Florida, particularly those whose companies do not subsidize them accommodation.
The worst is that there is no solution in sight and the margin will continue to rise, experts agree, because the increase in rents is due to stagnation of property values. Spaces are bought as an investment and its owners, also arms with the crisis, want to recover the money invested and that affects the tenant.
There is another factor to be a critical stage in south Florida. The number of houses and apartments for rent has decreased dramatically, the construction industry is almost paralyzed and with each passing day there are fewer places to live in rented Miami, a metropolitan area that admitted an average of 300 families per week, trying installed in a state where, despite everything, the cost of living is one of the cheapest in the country.
An alternative, though precarious, is installed outside of Miami, even in an adjacent county, but even in these cases is not cheap but will save on a holiday since commuting costs soar because Florida has no transport infrastructure developed public and the private car is the common way to go to work, resulting in fuel and maintenance costs.
"The rent increase was much that I had no choice but to go live with a friend.'ve Been living only rented for 11 years, and I can no more," he told the newspaper The Miami Herald, Arthur Breton, manager a department store.
According to official data, most of the apartments for rent that have flooded the market in the last year belong to foreigners who have purchased as an investment property, own not even live in the U.S. and deliver the property management to a specialized company.
On the other hand, buying a property to live in it does not seem to be a viable alternative for many. If a decade ago banks were generous in lending and fixed monthly benefit at acceptable levels, since the real estate bubble burst, financial institutions are forcing customers to pay tickets 20% or 30% of the value of property. And no matter what your business can fit into potential incentives to support the purchase of homes approved by the administration of Barack Obama.
"It's a tough situation. Let's see how the next two to three years for young people will be very difficult to achieve independence from parents and retirees will start having to leave their homes or apartments because pensions are not enough" WORLD anticipates, real estate analyst, Samuel McCaine.
This is particularly worrying for new immigrants or employees of companies that have been installed in South Florida, particularly those whose companies do not subsidize them accommodation.
The worst is that there is no solution in sight and the margin will continue to rise, experts agree, because the increase in rents is due to stagnation of property values. Spaces are bought as an investment and its owners, also arms with the crisis, want to recover the money invested and that affects the tenant.
There is another factor to be a critical stage in south Florida. The number of houses and apartments for rent has decreased dramatically, the construction industry is almost paralyzed and with each passing day there are fewer places to live in rented Miami, a metropolitan area that admitted an average of 300 families per week, trying installed in a state where, despite everything, the cost of living is one of the cheapest in the country.
An alternative, though precarious, is installed outside of Miami, even in an adjacent county, but even in these cases is not cheap but will save on a holiday since commuting costs soar because Florida has no transport infrastructure developed public and the private car is the common way to go to work, resulting in fuel and maintenance costs.
"The rent increase was much that I had no choice but to go live with a friend.'ve Been living only rented for 11 years, and I can no more," he told the newspaper The Miami Herald, Arthur Breton, manager a department store.
According to official data, most of the apartments for rent that have flooded the market in the last year belong to foreigners who have purchased as an investment property, own not even live in the U.S. and deliver the property management to a specialized company.
On the other hand, buying a property to live in it does not seem to be a viable alternative for many. If a decade ago banks were generous in lending and fixed monthly benefit at acceptable levels, since the real estate bubble burst, financial institutions are forcing customers to pay tickets 20% or 30% of the value of property. And no matter what your business can fit into potential incentives to support the purchase of homes approved by the administration of Barack Obama.
"It's a tough situation. Let's see how the next two to three years for young people will be very difficult to achieve independence from parents and retirees will start having to leave their homes or apartments because pensions are not enough" WORLD anticipates, real estate analyst, Samuel McCaine.
Monday, June 16, 2014
Cai confidence builders houses U.S.
Confidence among home builders in the U.S. unexpectedly fell in May to its lowest level in a year, said Thursday the National Association of Home Builders (NAHB, for its acronym in English).
The Housing Market Index NAHB / Wells Fargo gave to 45 in May from a downward revision of 46 April, the group said in a statement.
Economists polled by Reuters predicted that the indicator would pick 49 in May.
The Housing Market Index NAHB / Wells Fargo gave to 45 in May from a downward revision of 46 April, the group said in a statement.
Economists polled by Reuters predicted that the indicator would pick 49 in May.
Friday, June 13, 2014
The long road to recovery in the U.S.
It's June 2014, and that means it's been five years since the Great Recession officially ended in the United States. If you do not feel in the mood to celebrate this milestone, you're not alone.
Most Americans still rate the economic situation as "bad" and for good reason: The job recovery is the slowest in history, wages have barely risen, house prices are still below their peak and More Americans than ever are using food stamps.
The ordinary people do not feel the recovery because, frankly, has not reached to them.
So how long will the healing process? Economists surveyed by CNNMoney expect a full recovery is still two or three years away.
"The labor market is the scar of the economy that has persisted since the Great Recession, the financial and real estate crisis. May be disappearing, but it is still clearly visible and will remain so in the coming years, "notes Sean Snaith, an economics professor at the University of Central Florida.
This is what America has come: Technically, the Great Recession ended in June 2009 This was determined by the National Bureau of Economic Research, an independent group responsible for officially set the beginning and end of economic cycles from economists. 1920s.
Why choose that date? In essence, then, 2009 was when the bleeding stopped and began the slow process of healing. After that point, the economy began to rebound. Auto sales began to rise, and the slowdown in the manufacturing sector ended. The housing prices bottomed out and eventually began to climb again, and the stock market came back to life.
Today, five years later, the economy and the stock market in the United States are at historic highs. States such as North Dakota and Texas are benefiting from energy-related boom. Jobs in the health sector continue to grow, and are also regaining professional positions in offices. There are also more low-wage jobs in restaurants and bars.
But the recovery is far from advancing at a rapid pace. Was rather a long, slow march, and this is the key component is missing: The labor market in general.
Why is the country has not fully recovered? Overall, the U.S. economy lost 8.7 million jobs in the recession, half of whom were from blue collar industries like construction and manufacturing. As the housing market collapsed, the states of the Sun Belt region as Nevada, Florida and Arizona suffered the loss of jobs sharper, and today, the labor markets in these states are below their pre-recession peak.
The recovery itself is occurring, but is too slow for many Americans. The economy has not recovered all the jobs lost during the crisis, let alone created new enough to keep pace with a growing population. As of April, about 3.5 million people had been unemployed for six months or more. (That's more than the population of Chicago.)
One of the clearest signs of recovery is the booming stock market, but only half of Americans own shares, either directly or through a retirement account, and for many, the amount is small. Actually, they are the richest households who have benefited from the bull market of five years.
Households earning $ 394.000 or more in 2012 (the richest 1%) accounted for nearly 95% of the income gains in the first three years of recovery, according to economists at the forefront of research on inequality income, Thomas Piketty and Emmanuel Saez. Meanwhile, the income of the remaining 99% remained virtually stagnant.
The housing prices have not recovered yet: For the middle class, the majority of its assets is tied to the value of your home, and the prices of residential real estate have not returned to its peak.
"No wonder that many people feel that the economy is not in good shape," warns James Smith, chief economist at Parsec Financial. "Their incomes are lower than in 2007 or the value of your home is much lower then."
Every American - including children - is worse ($ 4.700 less per year) than it would be if the economy had not entered recession, calculated Lawrence Yun, chief economist of the National Association of Realtors. Of course some are better and others worse, but that's the average loss.
"The gap is still large," Yun holds. "After a recession, as a rule to offset the decline, the economy must grow at 4% to 5% per year." Instead, the economy has grown at a rate of about 2% annually.
Prospects for 2014 are optimistic, many economists predict that the U.S. economy will grow more than 3% this year. That said, even at that rate, a full recovery will take several years.
Most Americans still rate the economic situation as "bad" and for good reason: The job recovery is the slowest in history, wages have barely risen, house prices are still below their peak and More Americans than ever are using food stamps.
The ordinary people do not feel the recovery because, frankly, has not reached to them.
So how long will the healing process? Economists surveyed by CNNMoney expect a full recovery is still two or three years away.
"The labor market is the scar of the economy that has persisted since the Great Recession, the financial and real estate crisis. May be disappearing, but it is still clearly visible and will remain so in the coming years, "notes Sean Snaith, an economics professor at the University of Central Florida.
This is what America has come: Technically, the Great Recession ended in June 2009 This was determined by the National Bureau of Economic Research, an independent group responsible for officially set the beginning and end of economic cycles from economists. 1920s.
Why choose that date? In essence, then, 2009 was when the bleeding stopped and began the slow process of healing. After that point, the economy began to rebound. Auto sales began to rise, and the slowdown in the manufacturing sector ended. The housing prices bottomed out and eventually began to climb again, and the stock market came back to life.
Today, five years later, the economy and the stock market in the United States are at historic highs. States such as North Dakota and Texas are benefiting from energy-related boom. Jobs in the health sector continue to grow, and are also regaining professional positions in offices. There are also more low-wage jobs in restaurants and bars.
But the recovery is far from advancing at a rapid pace. Was rather a long, slow march, and this is the key component is missing: The labor market in general.
Why is the country has not fully recovered? Overall, the U.S. economy lost 8.7 million jobs in the recession, half of whom were from blue collar industries like construction and manufacturing. As the housing market collapsed, the states of the Sun Belt region as Nevada, Florida and Arizona suffered the loss of jobs sharper, and today, the labor markets in these states are below their pre-recession peak.
The recovery itself is occurring, but is too slow for many Americans. The economy has not recovered all the jobs lost during the crisis, let alone created new enough to keep pace with a growing population. As of April, about 3.5 million people had been unemployed for six months or more. (That's more than the population of Chicago.)
One of the clearest signs of recovery is the booming stock market, but only half of Americans own shares, either directly or through a retirement account, and for many, the amount is small. Actually, they are the richest households who have benefited from the bull market of five years.
Households earning $ 394.000 or more in 2012 (the richest 1%) accounted for nearly 95% of the income gains in the first three years of recovery, according to economists at the forefront of research on inequality income, Thomas Piketty and Emmanuel Saez. Meanwhile, the income of the remaining 99% remained virtually stagnant.
The housing prices have not recovered yet: For the middle class, the majority of its assets is tied to the value of your home, and the prices of residential real estate have not returned to its peak.
"No wonder that many people feel that the economy is not in good shape," warns James Smith, chief economist at Parsec Financial. "Their incomes are lower than in 2007 or the value of your home is much lower then."
Every American - including children - is worse ($ 4.700 less per year) than it would be if the economy had not entered recession, calculated Lawrence Yun, chief economist of the National Association of Realtors. Of course some are better and others worse, but that's the average loss.
"The gap is still large," Yun holds. "After a recession, as a rule to offset the decline, the economy must grow at 4% to 5% per year." Instead, the economy has grown at a rate of about 2% annually.
Prospects for 2014 are optimistic, many economists predict that the U.S. economy will grow more than 3% this year. That said, even at that rate, a full recovery will take several years.
Friday, April 4, 2014
Keys to foreigners who want to buy in the U.S.
The real estate market will certainly never be a temptation for foreigners. It is an investment that can be classified as one of the safest. Always be above any inflation , because their value tends to increase steadily and they are generally profitable .
Foreigners residing in the country legally enjoy the benefits as if they were Americans when a transaction citizens, can also be financed, if they meet the requirements of the mortgage banks . In general the procedure is simpler and less bureaucratic than in any other country . Nonresident aliens can also buy property without restriction even a tourist around . Today there is no impediment to buying a house or condo, for personal use or for profit on it, either an individual or a corporation. What is necessary is to be advised by knowledgeable professionals in the field so that your investment is 100 % safe and beneficial .
The prices offered by the U.S. real estate market have exceeded any speculative . For example , in South Florida there are properties that were previously valued at $ s80.000 and is now being marketed to only U.S. $ s20.000 in foreclosure process ( foreclosure) held by financial institutions.
Cash is king when it comes to buying. Today banks are offering properties in average values of $ s35.000 are saturated because of those properties and want to give a quick exit. They also offer loans up to 70 % of the property value with rates of 6% for foreigners who want to invest in the United States.
places
The areas with higher foreign investment are Miami, Fort Lauderdale and West Palm Beach. These areas have a tourist profile , they are used for leisure purposes and to rent them for short periods, while others are with investor profile and departments looking to rent all year round. Although Florida is the most sought-after location , the Manhattan real estate market is the most promising of all the country , receiving more than 40 million people a year with an unbeatable buying power.
The real estate sector in the United States has become the primary attraction for investors with varied capitals , ranging from 50,000 to $ 350,000. This market is a potential that has contributed to revive the economy on a large scale after the fall suffered in 2010 from 33% today grew 70% and Latino sum investors buy for $ s82.000 millions around the country , a figure that is growing day by day.
Notably purchase any property within the United States does not grant any immigration status or work permit or green card . Foreigners who want to invest in real estate can do so and subject to the immigration rules for non-residents at the time of taxed investors or collect your winnings . The visa for investors buying property is still a bill expected to become law soon.
While this is an acceptable fear from foreign investors , failing to remain full-time to care for and manage their properties or do it in the distance, there are reliable companies who accompany clients throughout the process , ranging from the purchase of the property to a management plan , based entirely on legal standards, procedures, ratings, checks , insurance, financial statements and tax return. The foreign investor is protected from all angles , you only know how to choose the right equipment.
Foreigners residing in the country legally enjoy the benefits as if they were Americans when a transaction citizens, can also be financed, if they meet the requirements of the mortgage banks . In general the procedure is simpler and less bureaucratic than in any other country . Nonresident aliens can also buy property without restriction even a tourist around . Today there is no impediment to buying a house or condo, for personal use or for profit on it, either an individual or a corporation. What is necessary is to be advised by knowledgeable professionals in the field so that your investment is 100 % safe and beneficial .
The prices offered by the U.S. real estate market have exceeded any speculative . For example , in South Florida there are properties that were previously valued at $ s80.000 and is now being marketed to only U.S. $ s20.000 in foreclosure process ( foreclosure) held by financial institutions.
Cash is king when it comes to buying. Today banks are offering properties in average values of $ s35.000 are saturated because of those properties and want to give a quick exit. They also offer loans up to 70 % of the property value with rates of 6% for foreigners who want to invest in the United States.
places
The areas with higher foreign investment are Miami, Fort Lauderdale and West Palm Beach. These areas have a tourist profile , they are used for leisure purposes and to rent them for short periods, while others are with investor profile and departments looking to rent all year round. Although Florida is the most sought-after location , the Manhattan real estate market is the most promising of all the country , receiving more than 40 million people a year with an unbeatable buying power.
The real estate sector in the United States has become the primary attraction for investors with varied capitals , ranging from 50,000 to $ 350,000. This market is a potential that has contributed to revive the economy on a large scale after the fall suffered in 2010 from 33% today grew 70% and Latino sum investors buy for $ s82.000 millions around the country , a figure that is growing day by day.
Notably purchase any property within the United States does not grant any immigration status or work permit or green card . Foreigners who want to invest in real estate can do so and subject to the immigration rules for non-residents at the time of taxed investors or collect your winnings . The visa for investors buying property is still a bill expected to become law soon.
While this is an acceptable fear from foreign investors , failing to remain full-time to care for and manage their properties or do it in the distance, there are reliable companies who accompany clients throughout the process , ranging from the purchase of the property to a management plan , based entirely on legal standards, procedures, ratings, checks , insurance, financial statements and tax return. The foreign investor is protected from all angles , you only know how to choose the right equipment.
Wednesday, April 2, 2014
Exceed 1 million new homes in the U.S. in March
The growth rate of housing construction grew by 7 % compared to February, to 1.04 million, a figure adjusted for seasonal factors , reported Tuesday the Commerce Department .
Building departments, which tend to fluctuate from month to month, led the growth jump almost 31 % to an annual rate of 417,000 , the fastest pace since January 2006.
However , construction of single-family homes , which make up almost two-thirds of the market, fell 4.8 % to an annual rate of 619,000 . It was down from the pace of February, when it registered 650,000 , the most since May 2008. The government said the February rate was 5.2% higher than previously estimated .
Applications for building permits, an estimate of future construction, fell 3.9 % to an annual pace of 902,000 . He lowered with respect to 939,000 requests for February, which were also the largest in five years.
Scott Laurie , President of Olson Homes , said the decline last month, construction of houses is not a reflection of what happens in the market.
The shortage of land for new housing construction has led to several contractors to ask local governments to adopt new land for urban development , he said. The process can take 12 to 18 months. A survey released Monday indicated contractors similar concerns.
" It will continue rising to new construction as the year and there is a new construction projects ," Laurie said.
It is expected that the increase in housing construction will contribute to economic growth in 2013 for the second consecutive year, a reversal of the trend during the period from 2006 to 2011 , when he led to economic stagnation .
Deutsche Bank forecast that housing construction hit an annual rate of 1.2 million by year-end . Brett Ryan , an economist at Deutsche Bank, said the rate could rise to 0.5% growth in 2013. This would be the greatest contribution of the housing sector since 2004.
Building departments, which tend to fluctuate from month to month, led the growth jump almost 31 % to an annual rate of 417,000 , the fastest pace since January 2006.
However , construction of single-family homes , which make up almost two-thirds of the market, fell 4.8 % to an annual rate of 619,000 . It was down from the pace of February, when it registered 650,000 , the most since May 2008. The government said the February rate was 5.2% higher than previously estimated .
Applications for building permits, an estimate of future construction, fell 3.9 % to an annual pace of 902,000 . He lowered with respect to 939,000 requests for February, which were also the largest in five years.
Scott Laurie , President of Olson Homes , said the decline last month, construction of houses is not a reflection of what happens in the market.
The shortage of land for new housing construction has led to several contractors to ask local governments to adopt new land for urban development , he said. The process can take 12 to 18 months. A survey released Monday indicated contractors similar concerns.
" It will continue rising to new construction as the year and there is a new construction projects ," Laurie said.
It is expected that the increase in housing construction will contribute to economic growth in 2013 for the second consecutive year, a reversal of the trend during the period from 2006 to 2011 , when he led to economic stagnation .
Deutsche Bank forecast that housing construction hit an annual rate of 1.2 million by year-end . Brett Ryan , an economist at Deutsche Bank, said the rate could rise to 0.5% growth in 2013. This would be the greatest contribution of the housing sector since 2004.
Tuesday, April 1, 2014
The impact of immigrants to the real estate market
Overall , immigrants have generated $ 3.7 billion in housing wealth in the U.S., helping to stabilize communities across America.
For an interactive map of the Impact of Immigration on the Real Estate Market you can click here .
Question: What is the main conclusion of this map?
Answer: Research shows that an increase in the absolute number of immigrants in a particular county in the period 2000-2010 resulting economic gains as well as increased demand for goods and services produced locally , hence an increase in the birth of individuals , which are reflected in the housing market.
The research found that immigrants revitalize undesirable neighborhoods in expensive metropolitan areas , opening new options for the working and middle classes buy U.S. homes. Also supports immigration housing market without exacerbating the worst affordability problems of the nation , as the immigrants themselves tend not to settle in the most expensive places .
Immigrants are also attracted by the Sun Belt ( U.S. region extending from the Atlantic coast to the Pacific coast east of the west ), mainly to cities like Houston, where housing has always been more affordable.
Question: How does this research say that immigration makes communities thrive ? Not the other way around , that immigrants will move to more affluent communities ?
Answer: The basic problem of the chicken and the egg was the most important challenge in the methodology . Fortunately, it is a problem that many labor economists have faced before, and the strategy used in this report reflects the techniques that have been used frequently in several reviewed by our peers about the impact of immigration on the labor market studies.
Immigrants tend to favor communities with many opportunities , but it is also clear that benefit the communities where other immigrants from their own NATIONALIT are already living .
For many immigrants , the presence of a key social network to find housing, employment and family -win for the local labor market decisions .
The immigrants would move to a county for two reasons : because the local economy is strong, or because there is a network of immigrants already exists in that location. The basic strategy of this research is to analyze the impact of immigrants who opt for the latter reason , and not the first . A statistical technique known as instrumental variable analysis to execute the strategy used .
Question. The average American home is bigger than it used to be . Does the research is saying that both houses and the immigrant population has grown over time ?
Response . The study explains the main features of the homes : when the houses were built and are single-family homes or apartments ? It also controls the key indicators of housing market : vacancy rates , average prices ten years ago , and the large number of units in a county.
The study also includes statistical controls to account for all permanent features of a county, such as the shortage of building land , and all economic and housing trends nationwide .
Question. Are the results were skewed by the housing bubble and the population explosion ?
Response . The results are based on a study of the entire period between 1970 and 2010 , of which the housing bubble burst and are a small part . Moreover , the study no data on housing prices in the period between 2001 and early 2006, which was the sharpest property inflation period.
For an interactive map of the Impact of Immigration on the Real Estate Market you can click here .
Question: What is the main conclusion of this map?
Answer: Research shows that an increase in the absolute number of immigrants in a particular county in the period 2000-2010 resulting economic gains as well as increased demand for goods and services produced locally , hence an increase in the birth of individuals , which are reflected in the housing market.
The research found that immigrants revitalize undesirable neighborhoods in expensive metropolitan areas , opening new options for the working and middle classes buy U.S. homes. Also supports immigration housing market without exacerbating the worst affordability problems of the nation , as the immigrants themselves tend not to settle in the most expensive places .
Immigrants are also attracted by the Sun Belt ( U.S. region extending from the Atlantic coast to the Pacific coast east of the west ), mainly to cities like Houston, where housing has always been more affordable.
Question: How does this research say that immigration makes communities thrive ? Not the other way around , that immigrants will move to more affluent communities ?
Answer: The basic problem of the chicken and the egg was the most important challenge in the methodology . Fortunately, it is a problem that many labor economists have faced before, and the strategy used in this report reflects the techniques that have been used frequently in several reviewed by our peers about the impact of immigration on the labor market studies.
Immigrants tend to favor communities with many opportunities , but it is also clear that benefit the communities where other immigrants from their own NATIONALIT are already living .
For many immigrants , the presence of a key social network to find housing, employment and family -win for the local labor market decisions .
The immigrants would move to a county for two reasons : because the local economy is strong, or because there is a network of immigrants already exists in that location. The basic strategy of this research is to analyze the impact of immigrants who opt for the latter reason , and not the first . A statistical technique known as instrumental variable analysis to execute the strategy used .
Question. The average American home is bigger than it used to be . Does the research is saying that both houses and the immigrant population has grown over time ?
Response . The study explains the main features of the homes : when the houses were built and are single-family homes or apartments ? It also controls the key indicators of housing market : vacancy rates , average prices ten years ago , and the large number of units in a county.
The study also includes statistical controls to account for all permanent features of a county, such as the shortage of building land , and all economic and housing trends nationwide .
Question. Are the results were skewed by the housing bubble and the population explosion ?
Response . The results are based on a study of the entire period between 1970 and 2010 , of which the housing bubble burst and are a small part . Moreover , the study no data on housing prices in the period between 2001 and early 2006, which was the sharpest property inflation period.
Monday, March 31, 2014
U.S. home prices rise in June to recovery of the sector: CoreLogic
Prices of homes in the U.S. climbed in June and is estimated to increase to more recent signs of recovery in the housing market, according to data on Tuesday showed CoreLogic.
Index CoreLogic home price climbed 1.9 percent from May and accelerated by 11.9 percent since June last year.
Excluding complex sales, prices were slightly stronger, rising 1.8 percent in the month and 11 percent from June 2012.
Complex sales are those in which the lender allows a homeowner in trouble selling the house for less than the value of the outstanding mortgage.
The acceleration in prices from a year ago was in line with the report closely watched S & P / Case-Shiller, which showed that prices rose 12.2 percent year on year in May.
CoreLogic's report predicted more gains for the housing market, and estimated that prices will rise 1.8 percent in July. That would imply an increase of 12.5 percent.
"The U.S. housing market experienced strong price appreciation in the first half of 2013 and our forecast indicates a double-digit growth by July," said CoreLogic CEO Anand Nallathambi said in a statement.
The recovery in the housing sector has gained pace this year, with tight supply driving prices upward. However, higher interest rates on mortgages involve a potential problem if they cause fear and exit from the market of potential buyers.
Index CoreLogic home price climbed 1.9 percent from May and accelerated by 11.9 percent since June last year.
Excluding complex sales, prices were slightly stronger, rising 1.8 percent in the month and 11 percent from June 2012.
Complex sales are those in which the lender allows a homeowner in trouble selling the house for less than the value of the outstanding mortgage.
The acceleration in prices from a year ago was in line with the report closely watched S & P / Case-Shiller, which showed that prices rose 12.2 percent year on year in May.
CoreLogic's report predicted more gains for the housing market, and estimated that prices will rise 1.8 percent in July. That would imply an increase of 12.5 percent.
"The U.S. housing market experienced strong price appreciation in the first half of 2013 and our forecast indicates a double-digit growth by July," said CoreLogic CEO Anand Nallathambi said in a statement.
The recovery in the housing sector has gained pace this year, with tight supply driving prices upward. However, higher interest rates on mortgages involve a potential problem if they cause fear and exit from the market of potential buyers.
Saturday, March 29, 2014
The housing bubble in the United States has become
It's just my opinion, but both markets are moving in the direction you should move . The bag seems to go down and gold up. And if that's what you want to do, who am I to be contrary ?
But for today , let's focus on the real estate market in the world's largest economy . Where is the housing market headed?
" The Miami area is exploding ," says a friend who I visited yesterday.
"I live in Key Biscayne and the price of homes has risen 20 % over the last year in my neighborhood. It's like before the crisis. "
" Everyone speaks Spanish , so I thought the new tenants would come from Colombia and Mexico . But it is quite the opposite. Those most buy are the Russians , followed by the French. I guess the Russians have much money. As for the French, Miami sure is cheap compared to Paris. "
" The third largest group of buyers are Brazilians. It seems they also have a lot of money and as everybody knows here , Miami is the best place in America to live if you are Latin American . "
"Argentines are fourth. They come to Miami because they believe that Argentina 's economy is heading for a new crisis. They may be right about this. "
The price of real estate has returned to the front . Cement and brick seems to have traced the flight across the country.
In Miami , the market is led by foreigners. In Long Island ( New York ), large buyers come from Wall Street. As reported by the New York Times :
More ... no sure sign that the waste that characterized the pre-crisis stage has returned to the Hamptons that many blue signs "Constructions Farrell " multiply in the landscape, along with multimillion dollar homes advertised. It is a process that they call " Farrellización " , not just joy .
" We are busier than ever," said Joe Farrell, President of Farrell stuctures ...
With a customer base consisting mainly of bankers on Wall Street , Mr. Farrell has more than 20 new homes under construction or ready to be built. This makes it the largest builder in the area. And plan to do more , many of these luxury homes even before the buyer is located.
What do you think about this Robert Shiller housing boom ?
" The real estate market is a market with bullish and bearish cycles cycles " told CNBC, " and now is the time to buy."
But " none of this is real, the market has become very speculative."
California has risen and fallen like a roller coaster for decades, but not going towards anything. That is what we have become markets , driven by irrational exuberance .
" For the long term buyer , the fact that prices go up means nothing because even arises sell."
The newspaper The Wall Street Journal , meanwhile, has focused the same story with a negative angle .
"The return of McMansion " he reported, " is conditioned by the rules of which are tightening credit to those who purchase their primary residence ."
The latter do not have much money or a solid credit history . The builders prefer to build for a client with older and richer. Why? Because that 's where the real money .
Downtown Baltimore , meanwhile, seems to resist the latest trends in the U.S. housing market. In real terms , the price of housing has fallen in the last 80 years. But even ' Charm City ' seems to have gained the real estate train. Recently, we found some bargains and some surprisingly robust buyers.
When my wife and I went back there after 18 years in Europe, we seek a small apartment in the heart of the city. We buy and renew . Then we realized that we needed a new bigger house. Although we had no children, there was always someone to visit.
And most importantly , we did not like living in an apartment, at least not in Baltimore. Our building had a doorman, a meeting of neighbors, etc. . We could not get along with everyone !
So we decided to sell the apartment . We hope thereby suffer losses after toil away so much money to renew it. But surprisingly a buyer appeared almost immediately , willing to pay a good price for our home.
Even in Baltimore , the housing market was booming. I imagine it .
regards,
Bill Bonner.
Bill Bonner is the founder and president of Agora Inc. , based in Baltimore , USA . He is the author of the books " Financial Reckoning Day" and " Empire of Debt" that were listed on the New York Times bestseller .
But for today , let's focus on the real estate market in the world's largest economy . Where is the housing market headed?
" The Miami area is exploding ," says a friend who I visited yesterday.
"I live in Key Biscayne and the price of homes has risen 20 % over the last year in my neighborhood. It's like before the crisis. "
" Everyone speaks Spanish , so I thought the new tenants would come from Colombia and Mexico . But it is quite the opposite. Those most buy are the Russians , followed by the French. I guess the Russians have much money. As for the French, Miami sure is cheap compared to Paris. "
" The third largest group of buyers are Brazilians. It seems they also have a lot of money and as everybody knows here , Miami is the best place in America to live if you are Latin American . "
"Argentines are fourth. They come to Miami because they believe that Argentina 's economy is heading for a new crisis. They may be right about this. "
The price of real estate has returned to the front . Cement and brick seems to have traced the flight across the country.
In Miami , the market is led by foreigners. In Long Island ( New York ), large buyers come from Wall Street. As reported by the New York Times :
More ... no sure sign that the waste that characterized the pre-crisis stage has returned to the Hamptons that many blue signs "Constructions Farrell " multiply in the landscape, along with multimillion dollar homes advertised. It is a process that they call " Farrellización " , not just joy .
" We are busier than ever," said Joe Farrell, President of Farrell stuctures ...
With a customer base consisting mainly of bankers on Wall Street , Mr. Farrell has more than 20 new homes under construction or ready to be built. This makes it the largest builder in the area. And plan to do more , many of these luxury homes even before the buyer is located.
What do you think about this Robert Shiller housing boom ?
" The real estate market is a market with bullish and bearish cycles cycles " told CNBC, " and now is the time to buy."
But " none of this is real, the market has become very speculative."
California has risen and fallen like a roller coaster for decades, but not going towards anything. That is what we have become markets , driven by irrational exuberance .
" For the long term buyer , the fact that prices go up means nothing because even arises sell."
The newspaper The Wall Street Journal , meanwhile, has focused the same story with a negative angle .
"The return of McMansion " he reported, " is conditioned by the rules of which are tightening credit to those who purchase their primary residence ."
The latter do not have much money or a solid credit history . The builders prefer to build for a client with older and richer. Why? Because that 's where the real money .
Downtown Baltimore , meanwhile, seems to resist the latest trends in the U.S. housing market. In real terms , the price of housing has fallen in the last 80 years. But even ' Charm City ' seems to have gained the real estate train. Recently, we found some bargains and some surprisingly robust buyers.
When my wife and I went back there after 18 years in Europe, we seek a small apartment in the heart of the city. We buy and renew . Then we realized that we needed a new bigger house. Although we had no children, there was always someone to visit.
And most importantly , we did not like living in an apartment, at least not in Baltimore. Our building had a doorman, a meeting of neighbors, etc. . We could not get along with everyone !
So we decided to sell the apartment . We hope thereby suffer losses after toil away so much money to renew it. But surprisingly a buyer appeared almost immediately , willing to pay a good price for our home.
Even in Baltimore , the housing market was booming. I imagine it .
regards,
Bill Bonner.
Bill Bonner is the founder and president of Agora Inc. , based in Baltimore , USA . He is the author of the books " Financial Reckoning Day" and " Empire of Debt" that were listed on the New York Times bestseller .
Thursday, March 27, 2014
The smallest apartment in New York: 9m2 around 1,000 euros per month
Only 9m2. For the size it would appear that we are talking about a bathroom but in reality it is a full apartment in New york, the smallest of the entire city. Its dimensions are similar to those of a cell in any prison, except that here the incarceration costs 942 euros per month and does not include food.
The apartment is in a building in Harlem, at 14 Covent Avenue and has been for rent since signing Douglas Elliman. Among the features of the notice the light and space "generous" cabinet stands. "The study is small, clean and is renovated," says the description.
If a few months ago were criticized the microapartamentos promoted by New York Mayor Michael Bloomberg, between 20 and 35 m2, this new offering is a step further in the new trend of living in small matchboxes.
The apartment is in a building in Harlem, at 14 Covent Avenue and has been for rent since signing Douglas Elliman. Among the features of the notice the light and space "generous" cabinet stands. "The study is small, clean and is renovated," says the description.
If a few months ago were criticized the microapartamentos promoted by New York Mayor Michael Bloomberg, between 20 and 35 m2, this new offering is a step further in the new trend of living in small matchboxes.
Monday, March 24, 2014
Mortgage crisis in the U.S. is just: foreclosures fall to seven-year low
The housing crisis that began six years ago in the U.S. is coming to an end after foreclosures come down to its lowest in nearly seven years in November.
According to a report from RealtyTrac , 113,454 default notices , auction and recovery, a drop of 15 % compared to October were sent. The figure represents the lowest level since December 2006.
The firm explained that 52.826 processes however , the slowest pace since December 2005 began.
"While some of the decline can be attributed to seasonality, the depth and breadth of the fall delivery is strong evidence that we are entering the last part of this crisis," said Daren Blomquist , vice president of RealtyTrac .
"In a year , all this will end ," he told Bloomberg Kenneth Rosen , chairman of the Fisher Center for Urban Economics and Real Estate at the University of California at Berkeley.
Sales up
Meanwhile, the discounts before the holidays boosted retail sales in November.
The Commerce Department reported yesterday that purchases 0.7 % , the fastest pace since June increased after a 0.6 % advance in October. Economists surveyed by Bloomberg and Reuters had expected sales , which represent about 30 % of consumer spending , will experience an increase of 0.6 %.
Calls core sales, which exclude autos, food services, gasoline and building materials , rose 0.5 % after increasing 0.7 % adjusted for the previous month.
This suggests that household spending will likely rebound from the worst performance in nearly four years recorded in the third quarter .
"We are getting a tailwind by lower gasoline prices , winds significant tail for greater wealth through stocks and real estate and last but certainly not least , an acceleration in wages ," said Bloomberg Joseph LaVorgna , chief U.S. economist at Deutsche Bank. "We're going in the right direction."
lower deficit
Meanwhile , the budget deficit narrowed more than expected in November as higher employment and rising incomes encouraged markets to a record high for the month.
Fiscal revenue rose 12.8 % from October to U.S. $ 182,500 million , while spending fell 4.8% to U.S. $ 317,700 million, according to the Treasury Department . As a result , the gap was U.S. $ 135,200 million , lower than the $ 140 billion projected .
Thus, in the first two months of fiscal 2014, the deficit reached U.S. $ 226,800 million, compared to U.S. $ 291,100 million for the same period last year.
According to a report from RealtyTrac , 113,454 default notices , auction and recovery, a drop of 15 % compared to October were sent. The figure represents the lowest level since December 2006.
The firm explained that 52.826 processes however , the slowest pace since December 2005 began.
"While some of the decline can be attributed to seasonality, the depth and breadth of the fall delivery is strong evidence that we are entering the last part of this crisis," said Daren Blomquist , vice president of RealtyTrac .
"In a year , all this will end ," he told Bloomberg Kenneth Rosen , chairman of the Fisher Center for Urban Economics and Real Estate at the University of California at Berkeley.
Sales up
Meanwhile, the discounts before the holidays boosted retail sales in November.
The Commerce Department reported yesterday that purchases 0.7 % , the fastest pace since June increased after a 0.6 % advance in October. Economists surveyed by Bloomberg and Reuters had expected sales , which represent about 30 % of consumer spending , will experience an increase of 0.6 %.
Calls core sales, which exclude autos, food services, gasoline and building materials , rose 0.5 % after increasing 0.7 % adjusted for the previous month.
This suggests that household spending will likely rebound from the worst performance in nearly four years recorded in the third quarter .
"We are getting a tailwind by lower gasoline prices , winds significant tail for greater wealth through stocks and real estate and last but certainly not least , an acceleration in wages ," said Bloomberg Joseph LaVorgna , chief U.S. economist at Deutsche Bank. "We're going in the right direction."
lower deficit
Meanwhile , the budget deficit narrowed more than expected in November as higher employment and rising incomes encouraged markets to a record high for the month.
Fiscal revenue rose 12.8 % from October to U.S. $ 182,500 million , while spending fell 4.8% to U.S. $ 317,700 million, according to the Treasury Department . As a result , the gap was U.S. $ 135,200 million , lower than the $ 140 billion projected .
Thus, in the first two months of fiscal 2014, the deficit reached U.S. $ 226,800 million, compared to U.S. $ 291,100 million for the same period last year.
Friday, March 21, 2014
Pharrell Williams raises the price of his apartment in Miami
Pharrell Williams , artist multi-faceted singer- songwriter and designer, is to increase the selling price of his luxury apartment in Miami. Very popular , the artist has won a Grammy Award for Pop Duo of the Year Get Lucky in collaboration with the French Daft Punk.
The artist quadra had made a strong impression at the ceremony because of his enormous hat designer . He then put up for auction on eBay and collected the sum of 32 000 euros for its association From One Hand to Another which helps troubled youth.
A gourmet Pharrell ...
Star hat wanted to sell his duplex for $ 10.9 million , or 8.4 million euros . A career that peaked as soon as the price of his apartment climbs . Indeed , he asked 99,000 dollars on the original price which is now 10,999,000 dollars.
Purchased in 2007 for $ 12 million , the sublime apartment on the 40th floor of a building in Brickell Avenue offers breathtaking views of Biscayne Bay in Miami. With a total surface of 843 m² , it features 5 bedrooms, 6 bathrooms, several terraces, a pool and a summer kitchen.
The artist quadra had made a strong impression at the ceremony because of his enormous hat designer . He then put up for auction on eBay and collected the sum of 32 000 euros for its association From One Hand to Another which helps troubled youth.
A gourmet Pharrell ...
Star hat wanted to sell his duplex for $ 10.9 million , or 8.4 million euros . A career that peaked as soon as the price of his apartment climbs . Indeed , he asked 99,000 dollars on the original price which is now 10,999,000 dollars.
Purchased in 2007 for $ 12 million , the sublime apartment on the 40th floor of a building in Brickell Avenue offers breathtaking views of Biscayne Bay in Miami. With a total surface of 843 m² , it features 5 bedrooms, 6 bathrooms, several terraces, a pool and a summer kitchen.
Friday, March 14, 2014
6 Reasons why investment property real estate in Florida
I invite you to take the next few minutes to learn the truth about the real estate market , how it compares with other methods the advantages and why it is such a lucrative form of investment . Many potential investors will say , " I need to get into the property market investment FLORIDA " , especially considering the current stock market fluctuations and the HOT market for investment properties , but simply do not know the facts about Orlando property investing and how to use the method of sale and leaseback property management .
When the last time the financial adviser or your broker tried to convince you that moving a portion of your assets to purchase investment property in Florida is a good idea ? Never right ? " Why " is simple . Not earn commissions when you buy investment property in Florida . It is also likely that you probably have never had a comparison of "apples to apples " stocks against Florida Investment Property quite like the one you see here .
Reason 1 :
Strength: Banks characteristics loan money will not buy stocks . The banks , however , to compete hard in loan money to buy investment property in Florida . The first question should be, " why is this ?" We have to do with risk management , which we will discuss later . The fact that banks want to loan you money to buy Florida Investment Property creates a situation that would call POWER .
Suppose you have $ 10,000 to put in some type of investment. If you choose to buy $ 10,000 worth of stocks, you own just the $ 10,000 of stock . Pretty simple. However , suppose you choose to invest this $ 10000 investment property in Florida using a 90 % mortgage (which in many cases can go up to 95-100 % mortgages in today's market ) , you will own the $ 100,000 investment property in Florida . If both of your investments were to appreciate by 10 % , the actual gain with your stocks would be $ 1000 where your actual gain with Florida Investment Property would be $ 10,000. This equates to a real return on investment of 10% against a 100 % return on investment. That's what we call power.
Strength: Real Estate of Florida vs. stocks
The traditional argument against Florida Investment Property Investing (mainly from stock brokers ) was always " I can take an average of 10 % of stocks with little effort so why would you invest in property investment by Orlando believes that only 6 - 7% ANNUALLY ? " This view does not take into account the strength figuring .
If you take the above statement to be true and to compare ACTUAL numbers, stock investment gained 10% of the initial $ 10,000 value (or $ 1000 ) and Property Investment Investment Orlando won 6% of the original $ 100,000 value ( or $ 6000) . This is still a real return of 10% vs. 60 % . It is difficult to see which investment provides a greater immediate return on investment. Moreover , these numbers do not take into account any income from your property during the year , or essential tax advantages to owning property , which we will discuss later .
Reason 2 :
Value : As mentioned previously , if you invest $ 10,000 in buying stocks , you own $ 10,000 in stocks ( a fairly obvious point ) . If you invest $ 10,000 in the purchase of investment property in Orlando using the power of a 90 % mortgage , you own $ 100,000 investment property right of Orlando ; Well , only if you paid retail for your property . Any savvy investor will tell you that there are excellent deals available in Orlando investment property , you just need to find them .
What if you bought a $ 100000 property happened to be worth $ 110,000 the day you bought ? Happens The answer is yes , all the time . If you keep your eyes open and you're willing to " go through the numbered " to find the good deals are all around you . You may ask yourself , why would anybody sell a $ 110,000 property for $ 100,000 ?
Value : Making money when you buy.
The reasons are endless as to why a quick sale is desired, but just to name a few : job relocation , divorce , an estate established or perhaps a current evaluation of the property simply was not before the sale. By " finding this NEGOTIATION " have completed two things .
You have added $ 10,000 to your asset column in the form of justice .
You create extra strength for you as the value of your property increases ( a gain of 6.10 % to $ 110 thousand is better than a gain of 10.6 % to $ 100 thousand ! ) Remember , you make money in Orlando investment property when you buy , not when you sell .
Reason 3 :
Control: Take our hypothesis one step further . When you buy the $ 10,000 worth of stocks , what can you do to increase its value ? If we follow the previous assumption , you have invested $ 10,000 using a mortgage 90 % to buy a property $ 100 000 that has a real value of $ 110000 because " found too . " So what can you do to further increase the value of new property $ 110,000 you ?
It's amazing what a cleaning , just to adorn and a paint job can do to increase the value of a property . Only a few hundred dollars well spent can lead to huge profits of the investment property of Orlando . The property $ 110 000 with a little effort could easily be worth $ 115 thousand , $ 120 thousand or more practically overnight ! You have to do any of this work yourself ? Absolutely not if you want to do that sort of thing then have at it, but if not, simply hire done and accept the slightly lower net profit.
Reason 4 :
Higher tax situation : Tax code in the United States linked to reward investors who make housing and other property available to the population . When you invest in stocks , tax in some of the highest rates in the tax code . When you invest in property investment by Orlando , undergoing one of the best tax positions in the business world . Remember the wealthy that hold substantial portions of their assets in property investment by Orlando ? Tax advantages are one of the main reasons this is true .
Continuing with the above example , say that you have completed " their trading you" with $ 10,000 invested with a 90 % to mortgage to buy the property $ 100,000 assessed for $ 110000 (because they " found a lot " ) , which have improved to say, $ 115 000 to the cost of other $ 1000 in cleaning etc. assume that one year passes and the property investment market in Orlando rose by 6 % , your property would be worth $ 122 000 now . so far, so good right ? If you're like most people, you may want to spend some of your hard earned money .
Do the numbers. Have a mortgage at current rates that started at $ 90,000 and after a year's worth of payments (the majority of which is tax deductible ) you still owe approximately $ 89,000 . However , your property is now worth about $ 122,000 . If you were to refinance at 90 % once again , would you take out a new mortgage of about $ 110000 . This will leave you with about $ 21,000 in cash in your pocket . Now , the big question you have to pay tax on that money ? Absolutely Not it sell the property or you have made a "master GAIN " . You just borrow money from you . You are able to do what you want with that money , free of any tax. Obviously , a good strategy is to buy two more properties just like the first your deal !
Also , we have not taken into account the fact that all payments of interest in this property are tax deductible . In addition , you are also able to underestimate the same property and all its contents for additional tax advantages if you choose to do so .
Be fair and compare the tax position of the Orlando property investment scenario with stocks. Assume that the initial stock investment $ 10,000 increased by 10 % in the first year , creating a profit of $ 1,000 and wish to have access to it . If you drag it out , you will pay from 20 to 28 % (or higher) in capital gains tax in order to gain access to this money . This reduces your net profit to $ 800 ( actual 8% ) or less, depending on the tax situation. Compare that to Orlando Investment Property and start to get the picture.
Reason 5 :
Limit your exposure to risk
Risk Management : Do you remember when we said at the top that banks would compete hard in loan you money in Orlando Investment Property ? Answering " why" is very simple. Low risk . Banks suffer little if any risk when loaning money on Orlando Investment Property due to stable, solid market growth rate properties , as well as the fact that if you defaulted on your payments will simply sell the property to another . This is in direct contrast to the volatile stock market, which can vary daily with sharp increases and decreases in value . Furthermore , banks realize that a property is not going anywhere , and many investors know all too well about the com and other types of businesses that were there yesterday and today .
This is all not to say that buying investment property in Orlando is not going down periodically , however the dips are much less dramatic than can be held in stock , turns out that the willingness of banks to loan money to property .
Reason 6 :
Protecting peace of mind .
Finally , now that we understand the value of strength and risk management realize that a profit of 6% Investment Property Orlando " beats the pants off " a stock gain 10% real return on investment by a wide margin (about 50 % , not taking into account various factors that can increase this number such as tax advantages , income on property etc. ... ) owning good , solid Orlando investment Property allows you to sleep at night, or going on extended vacation without worrying about column of your assets . This is directly opposed to holding a substantial percentage of your assets in stocks.
When the last time the financial adviser or your broker tried to convince you that moving a portion of your assets to purchase investment property in Florida is a good idea ? Never right ? " Why " is simple . Not earn commissions when you buy investment property in Florida . It is also likely that you probably have never had a comparison of "apples to apples " stocks against Florida Investment Property quite like the one you see here .
Reason 1 :
Strength: Banks characteristics loan money will not buy stocks . The banks , however , to compete hard in loan money to buy investment property in Florida . The first question should be, " why is this ?" We have to do with risk management , which we will discuss later . The fact that banks want to loan you money to buy Florida Investment Property creates a situation that would call POWER .
Suppose you have $ 10,000 to put in some type of investment. If you choose to buy $ 10,000 worth of stocks, you own just the $ 10,000 of stock . Pretty simple. However , suppose you choose to invest this $ 10000 investment property in Florida using a 90 % mortgage (which in many cases can go up to 95-100 % mortgages in today's market ) , you will own the $ 100,000 investment property in Florida . If both of your investments were to appreciate by 10 % , the actual gain with your stocks would be $ 1000 where your actual gain with Florida Investment Property would be $ 10,000. This equates to a real return on investment of 10% against a 100 % return on investment. That's what we call power.
Strength: Real Estate of Florida vs. stocks
The traditional argument against Florida Investment Property Investing (mainly from stock brokers ) was always " I can take an average of 10 % of stocks with little effort so why would you invest in property investment by Orlando believes that only 6 - 7% ANNUALLY ? " This view does not take into account the strength figuring .
If you take the above statement to be true and to compare ACTUAL numbers, stock investment gained 10% of the initial $ 10,000 value (or $ 1000 ) and Property Investment Investment Orlando won 6% of the original $ 100,000 value ( or $ 6000) . This is still a real return of 10% vs. 60 % . It is difficult to see which investment provides a greater immediate return on investment. Moreover , these numbers do not take into account any income from your property during the year , or essential tax advantages to owning property , which we will discuss later .
Reason 2 :
Value : As mentioned previously , if you invest $ 10,000 in buying stocks , you own $ 10,000 in stocks ( a fairly obvious point ) . If you invest $ 10,000 in the purchase of investment property in Orlando using the power of a 90 % mortgage , you own $ 100,000 investment property right of Orlando ; Well , only if you paid retail for your property . Any savvy investor will tell you that there are excellent deals available in Orlando investment property , you just need to find them .
What if you bought a $ 100000 property happened to be worth $ 110,000 the day you bought ? Happens The answer is yes , all the time . If you keep your eyes open and you're willing to " go through the numbered " to find the good deals are all around you . You may ask yourself , why would anybody sell a $ 110,000 property for $ 100,000 ?
Value : Making money when you buy.
The reasons are endless as to why a quick sale is desired, but just to name a few : job relocation , divorce , an estate established or perhaps a current evaluation of the property simply was not before the sale. By " finding this NEGOTIATION " have completed two things .
You have added $ 10,000 to your asset column in the form of justice .
You create extra strength for you as the value of your property increases ( a gain of 6.10 % to $ 110 thousand is better than a gain of 10.6 % to $ 100 thousand ! ) Remember , you make money in Orlando investment property when you buy , not when you sell .
Reason 3 :
Control: Take our hypothesis one step further . When you buy the $ 10,000 worth of stocks , what can you do to increase its value ? If we follow the previous assumption , you have invested $ 10,000 using a mortgage 90 % to buy a property $ 100 000 that has a real value of $ 110000 because " found too . " So what can you do to further increase the value of new property $ 110,000 you ?
It's amazing what a cleaning , just to adorn and a paint job can do to increase the value of a property . Only a few hundred dollars well spent can lead to huge profits of the investment property of Orlando . The property $ 110 000 with a little effort could easily be worth $ 115 thousand , $ 120 thousand or more practically overnight ! You have to do any of this work yourself ? Absolutely not if you want to do that sort of thing then have at it, but if not, simply hire done and accept the slightly lower net profit.
Reason 4 :
Higher tax situation : Tax code in the United States linked to reward investors who make housing and other property available to the population . When you invest in stocks , tax in some of the highest rates in the tax code . When you invest in property investment by Orlando , undergoing one of the best tax positions in the business world . Remember the wealthy that hold substantial portions of their assets in property investment by Orlando ? Tax advantages are one of the main reasons this is true .
Continuing with the above example , say that you have completed " their trading you" with $ 10,000 invested with a 90 % to mortgage to buy the property $ 100,000 assessed for $ 110000 (because they " found a lot " ) , which have improved to say, $ 115 000 to the cost of other $ 1000 in cleaning etc. assume that one year passes and the property investment market in Orlando rose by 6 % , your property would be worth $ 122 000 now . so far, so good right ? If you're like most people, you may want to spend some of your hard earned money .
Do the numbers. Have a mortgage at current rates that started at $ 90,000 and after a year's worth of payments (the majority of which is tax deductible ) you still owe approximately $ 89,000 . However , your property is now worth about $ 122,000 . If you were to refinance at 90 % once again , would you take out a new mortgage of about $ 110000 . This will leave you with about $ 21,000 in cash in your pocket . Now , the big question you have to pay tax on that money ? Absolutely Not it sell the property or you have made a "master GAIN " . You just borrow money from you . You are able to do what you want with that money , free of any tax. Obviously , a good strategy is to buy two more properties just like the first your deal !
Also , we have not taken into account the fact that all payments of interest in this property are tax deductible . In addition , you are also able to underestimate the same property and all its contents for additional tax advantages if you choose to do so .
Be fair and compare the tax position of the Orlando property investment scenario with stocks. Assume that the initial stock investment $ 10,000 increased by 10 % in the first year , creating a profit of $ 1,000 and wish to have access to it . If you drag it out , you will pay from 20 to 28 % (or higher) in capital gains tax in order to gain access to this money . This reduces your net profit to $ 800 ( actual 8% ) or less, depending on the tax situation. Compare that to Orlando Investment Property and start to get the picture.
Reason 5 :
Limit your exposure to risk
Risk Management : Do you remember when we said at the top that banks would compete hard in loan you money in Orlando Investment Property ? Answering " why" is very simple. Low risk . Banks suffer little if any risk when loaning money on Orlando Investment Property due to stable, solid market growth rate properties , as well as the fact that if you defaulted on your payments will simply sell the property to another . This is in direct contrast to the volatile stock market, which can vary daily with sharp increases and decreases in value . Furthermore , banks realize that a property is not going anywhere , and many investors know all too well about the com and other types of businesses that were there yesterday and today .
This is all not to say that buying investment property in Orlando is not going down periodically , however the dips are much less dramatic than can be held in stock , turns out that the willingness of banks to loan money to property .
Reason 6 :
Protecting peace of mind .
Finally , now that we understand the value of strength and risk management realize that a profit of 6% Investment Property Orlando " beats the pants off " a stock gain 10% real return on investment by a wide margin (about 50 % , not taking into account various factors that can increase this number such as tax advantages , income on property etc. ... ) owning good , solid Orlando investment Property allows you to sleep at night, or going on extended vacation without worrying about column of your assets . This is directly opposed to holding a substantial percentage of your assets in stocks.
Tuesday, March 11, 2014
Florida Secretary of Commerce highlights your state business relationship with RD
The Florida Secretary of Commerce Gray Swoope , spoke of having trade relations with the U.S. State said Dominican Republic during his speech as coorador Monthly Luncheon at the American Chamber of Commerce of the Dominican Republic ( AMCHAMDR ) in which also starred Eric Silagy , President of Florida power & Light, who spoke of the important energy to invest in economic development. Both speakers are part of a trade mission coming to Florida and includes nearly fifty representatives of companies from different sectors and several state executive authorities .
Before starting the presentations the signing of an agreement between Association of Real Estate Companies of the Dominican Republic and the National Association of Realtors U.S. was performed. Represented by Sherri Lynn Meadows of Florida Realtors, Emil Montas , president of the Association of Real Estate Companies and Gary Thomas of the National Association of Realtors U.S. . This agreement is a partnership of good will that attests that each feature is recommended for real estate professionals who share the same code of ethics canal.
The agreement of goodwill is a collaboration between the parties and their members with the objective of increasing real estate transactions in and out . With Florida being so close to the Dominican Republic and also strong business relationship that both have with this firm is allowed a closer connection between Florida and the Dominican Republic in terms of real estate.
Swoope recalled that in 2013 trade between Florida and the country was 5,300 million dollars, which puts the Dominican Republic in the ninth on Florida 's trading partners . " The Free Trade Agreement has opened up new opportunities," said the representative of the state government.
Meanwhile, Eric Silagy made a review of the experience he had on his way to Florida to have the cheapest electricity rates in the United States , based on the conversion of matrix to a dominance of natural gas and renewable at the expense of coal and other power generation sources .
Before the intervention of the speakers , Máximo Vidal , President of AMCHAMDR , addressed the guests. He focused his speech precisely in the energy issue . "In the Dominican Republic it is essential that , once and for all , let us deal with a sense of commitment to solving our energy crisis . The present moment in which we live, where in different areas of society calls for the start of the process that allows complete Electrical Covenant under the Act of National Development Strategy , it is ideal to know how in Florida have managed to have a reliable , affordable , and especially sustainable electrical system. Sure there are details that make best practices, " said the manager of the Chamber.
Vidal said the American Chamber of Commerce of the Dominican Republic believes that the solution to the sustained crisis of the national electricity sector through the signing of the Covenant Electrical and comply with its contents. " This Covenant must be the result of the active participation of those directly involved in the sector, but also of all the entities represented in the Economic and Social Council (CES ), a body of recognized consensus in the Constitution." For the organization, transparent dialogue should serve to develop concrete actions to resolve the problems affecting the sector and ensure its sustainability by respecting the rule of law . " These solutions must be addressed from a holistic view with an eye on the long term. So, given the importance neuralgic electricity for stability and social welfare , national competitiveness and business development , " Vidal said.
To AMCHAMDR fundamental aspects to look for the solution of this problem and should be included in the Electrical Covenant investments are increasingly cheap, efficient and environmentally friendly generation, to improve the transmission and infrastructure, management systems and technologies that reduce distribution losses to acceptable minimum and marketing , and educating the public about the need for us to make rational use of electricity.
" The Electric Covenant must create the conditions for its focus on the most urgent areas that contribute most to the current and ongoing " bleeding " of the interconnected national grid : transmission and distribution. If the state fails to improve both areas and leads to optimal levels , including the timely payment of invoices for the purchase of energy, send a positive signal that will serve to engage investors to install more generation from cheaper and cleaner sources " said Máximo Vidal. He also stated that it is in this area, that of generating energy, in which the private sector has shown signs of accountability, efficiency , commitment and be ready to continue bringing the parent into possible more efficient and cost levels.
Finally, the chief executive of the Chamber said in the dialogue leading to the Covenant must also address the role to be played by generation based on renewable energy sources , so that the incentives and conditions relevant to your priorities are understood appropriate development , " while supporting the energy efficiency technologies for end users of all kinds deserve in order to attack the problem also from the demand side is given ."
Before starting the presentations the signing of an agreement between Association of Real Estate Companies of the Dominican Republic and the National Association of Realtors U.S. was performed. Represented by Sherri Lynn Meadows of Florida Realtors, Emil Montas , president of the Association of Real Estate Companies and Gary Thomas of the National Association of Realtors U.S. . This agreement is a partnership of good will that attests that each feature is recommended for real estate professionals who share the same code of ethics canal.
The agreement of goodwill is a collaboration between the parties and their members with the objective of increasing real estate transactions in and out . With Florida being so close to the Dominican Republic and also strong business relationship that both have with this firm is allowed a closer connection between Florida and the Dominican Republic in terms of real estate.
Swoope recalled that in 2013 trade between Florida and the country was 5,300 million dollars, which puts the Dominican Republic in the ninth on Florida 's trading partners . " The Free Trade Agreement has opened up new opportunities," said the representative of the state government.
Meanwhile, Eric Silagy made a review of the experience he had on his way to Florida to have the cheapest electricity rates in the United States , based on the conversion of matrix to a dominance of natural gas and renewable at the expense of coal and other power generation sources .
Before the intervention of the speakers , Máximo Vidal , President of AMCHAMDR , addressed the guests. He focused his speech precisely in the energy issue . "In the Dominican Republic it is essential that , once and for all , let us deal with a sense of commitment to solving our energy crisis . The present moment in which we live, where in different areas of society calls for the start of the process that allows complete Electrical Covenant under the Act of National Development Strategy , it is ideal to know how in Florida have managed to have a reliable , affordable , and especially sustainable electrical system. Sure there are details that make best practices, " said the manager of the Chamber.
Vidal said the American Chamber of Commerce of the Dominican Republic believes that the solution to the sustained crisis of the national electricity sector through the signing of the Covenant Electrical and comply with its contents. " This Covenant must be the result of the active participation of those directly involved in the sector, but also of all the entities represented in the Economic and Social Council (CES ), a body of recognized consensus in the Constitution." For the organization, transparent dialogue should serve to develop concrete actions to resolve the problems affecting the sector and ensure its sustainability by respecting the rule of law . " These solutions must be addressed from a holistic view with an eye on the long term. So, given the importance neuralgic electricity for stability and social welfare , national competitiveness and business development , " Vidal said.
To AMCHAMDR fundamental aspects to look for the solution of this problem and should be included in the Electrical Covenant investments are increasingly cheap, efficient and environmentally friendly generation, to improve the transmission and infrastructure, management systems and technologies that reduce distribution losses to acceptable minimum and marketing , and educating the public about the need for us to make rational use of electricity.
" The Electric Covenant must create the conditions for its focus on the most urgent areas that contribute most to the current and ongoing " bleeding " of the interconnected national grid : transmission and distribution. If the state fails to improve both areas and leads to optimal levels , including the timely payment of invoices for the purchase of energy, send a positive signal that will serve to engage investors to install more generation from cheaper and cleaner sources " said Máximo Vidal. He also stated that it is in this area, that of generating energy, in which the private sector has shown signs of accountability, efficiency , commitment and be ready to continue bringing the parent into possible more efficient and cost levels.
Finally, the chief executive of the Chamber said in the dialogue leading to the Covenant must also address the role to be played by generation based on renewable energy sources , so that the incentives and conditions relevant to your priorities are understood appropriate development , " while supporting the energy efficiency technologies for end users of all kinds deserve in order to attack the problem also from the demand side is given ."
Private island for sale for $ 110 million in the Florida Keys
Pumpkin Key, a private island in the Florida Keys - Part of the exclusive community of Ocean Reef and less than an hour from Miami - has just been put on the property market for $ 110 million, announced Russell Post, executive director Russell Sotheby International Realty, the leader in residential real estate in Ocean Reef's signature.
Pumpkin Key offers a unique blend of seclusion, splendor and comfort.
Part of one of the most prestigious communities in the nation , members of which are included in a list of " who's who of American business " and is distinguished by its streets , gigantic marinas and tennis airport 4456 meters capable of accepting business aircraft of all sizes .
The paradise of 26 acres , dotted with palm trees and bougainvillea , is literally a " club within a club" .
Reviewed by those seeking privacy and security , access to all the amenities of Ocean Reef , and also appreciate the convenience of being able to do a helicopter tour ten minutes to the bustling South Beach Miami .
The main house faces west facing sunset and features a spectacular estate on one level with pool.
The island includes two cottages caretaker , the apartment for a captain, private office and its own marina .
Pumpkin Key offers a unique blend of seclusion, splendor and comfort.
Part of one of the most prestigious communities in the nation , members of which are included in a list of " who's who of American business " and is distinguished by its streets , gigantic marinas and tennis airport 4456 meters capable of accepting business aircraft of all sizes .
The paradise of 26 acres , dotted with palm trees and bougainvillea , is literally a " club within a club" .
Reviewed by those seeking privacy and security , access to all the amenities of Ocean Reef , and also appreciate the convenience of being able to do a helicopter tour ten minutes to the bustling South Beach Miami .
The main house faces west facing sunset and features a spectacular estate on one level with pool.
The island includes two cottages caretaker , the apartment for a captain, private office and its own marina .
Monday, March 10, 2014
Real estate in the United States: Blackstone buys 16,000 homes.
Prices rising faster than expected, Blackstone Group LP, the largest private landowner in the United States , was quick to spend more than 2.5 billion U.S. to buy 16 000 single family homes for rent.
These acquisitions are in addition to those already made by the company and the value reaching U.S. $ 1 billion in October , when Blackstone spent U.S. $ 100 million per week for the purchase of homes, according to Stephen Schwarzman , its president .
"The market is moving much faster than anyone could have imagined ," said Jonathan Gray, global head of real estate, in an interview with Blackstone headquarters in New York.
New target markets
In the United States , Blackstone is the largest investor in single family rental homes , focusing its acquisitions in nine severely affected by the crisis markets , Atlanta to Phoenix, via Chicago , Las Vegas, Northern California and South , as well as Miami, Orlando and Tampa , Florida.
The company , along with Colony Capital LLC and Thomas Barrack Two Harbors Investment Corp. (SBY ) wishes to transform a sector dominated by small investors in a new class of institutional asset market , according to JP Morgan Chase & Co. ( JPM ) , could be worth 1.5 trillion U.S. .
The Gold Rush
The market, dominated until now by smallholders , could total 12 million homes and up to twice the size of the institutional multifamily market, according to a recent note by JP Morgan analysts led by Anthony Paolone . " A corporate structure around which include institutional capital is logical ," they explain.
Blackstone , which started last year 's round of acquisitions, trying to outrun the real estate recovery as price increases in the U.S. exceeded economists' forecasts , the regions most affected by the crash is being identified more quickly.
The S & P / Case- Shiller on property values in 20 U.S. cities index rose 4.3 % in the 12 months ending in October , the most impressive 12-month increase since May 2010, according to the group . Prices will increase by 3.3% in 2013 , after an estimated 4.5% increase last year, according to the median estimate of 15 economists surveyed property and analysts by Bloomberg News.
Blackstone makes its acquisitions through seized property and selling auction in which banks accept less than the mortgage amount owed to them , 5 million homeowners who lost their homes in the United States since the market peak in 2006.
Cash
Blackstone bought so quickly that it " stores " more than half of the acquired homes, the time to finalize the transaction and hire staff and contractors needed to renovate and rent, said Jonathan Gray. As he said , about 30 days are needed to get a home state and up to 30 days for rent.
Blackstone ultimately derive benefit from rising property prices. In the meantime, they generate income and cash flows, concluded Mr. Gray.
These acquisitions are in addition to those already made by the company and the value reaching U.S. $ 1 billion in October , when Blackstone spent U.S. $ 100 million per week for the purchase of homes, according to Stephen Schwarzman , its president .
"The market is moving much faster than anyone could have imagined ," said Jonathan Gray, global head of real estate, in an interview with Blackstone headquarters in New York.
New target markets
In the United States , Blackstone is the largest investor in single family rental homes , focusing its acquisitions in nine severely affected by the crisis markets , Atlanta to Phoenix, via Chicago , Las Vegas, Northern California and South , as well as Miami, Orlando and Tampa , Florida.
The company , along with Colony Capital LLC and Thomas Barrack Two Harbors Investment Corp. (SBY ) wishes to transform a sector dominated by small investors in a new class of institutional asset market , according to JP Morgan Chase & Co. ( JPM ) , could be worth 1.5 trillion U.S. .
The Gold Rush
The market, dominated until now by smallholders , could total 12 million homes and up to twice the size of the institutional multifamily market, according to a recent note by JP Morgan analysts led by Anthony Paolone . " A corporate structure around which include institutional capital is logical ," they explain.
Blackstone , which started last year 's round of acquisitions, trying to outrun the real estate recovery as price increases in the U.S. exceeded economists' forecasts , the regions most affected by the crash is being identified more quickly.
The S & P / Case- Shiller on property values in 20 U.S. cities index rose 4.3 % in the 12 months ending in October , the most impressive 12-month increase since May 2010, according to the group . Prices will increase by 3.3% in 2013 , after an estimated 4.5% increase last year, according to the median estimate of 15 economists surveyed property and analysts by Bloomberg News.
Blackstone makes its acquisitions through seized property and selling auction in which banks accept less than the mortgage amount owed to them , 5 million homeowners who lost their homes in the United States since the market peak in 2006.
Cash
Blackstone bought so quickly that it " stores " more than half of the acquired homes, the time to finalize the transaction and hire staff and contractors needed to renovate and rent, said Jonathan Gray. As he said , about 30 days are needed to get a home state and up to 30 days for rent.
Blackstone ultimately derive benefit from rising property prices. In the meantime, they generate income and cash flows, concluded Mr. Gray.
Rental investment in Florida
With its superb sandy beaches , its concentration of amusement parks and its climate , Florida is a popular destination, and its real estate market is booming . In addition, there is no income tax in the state of Florida , the only tax is paid to the IRS federal tax and particularly favorable for rental investments in Florida.
The attraction of the Florida real estate market is confirmed by the many foreign buyers, primarily Canadians , Brazilians , Venezuelans , but also Russians, Chinese and Europeans , with a euro above $ 1.30 still benefit from the opportunities that offers the real estate market in Florida. Investors generally paying cash appropriated 25 % of goods sold in recent years in Florida. In 2011 , property purchases by foreigners in the U.S. exceeded 73% all transactions by foreigners in 2010, more than $ 82 billion in sales volume between 30 March 2010 and 30 March 2011 .
Real estate purchases are attractive to investors because of property prices affordable despite the rise in the past 18 months, the funding is still difficult for U.S. banks , good rental investment opportunities in Florida are available.
In 2012 , the number of building permits issued in the United States increased by 4.5% and reached its highest level since late 2008 , indicating a recovery in the market in 2012. The months of January and February 2012 were the best of the past five years for the resale of properties . The increase in sales was about the same throughout the state of Florida.
The rental investment in Florida to this day remains a secure and profitable investment for any investor seeking diversified its real estate in Florida. Attractive prices , favorable investment legislation but also strong demand for long-term leases are in the Orlando area a very attractive place to invest .
The latest report from the Association of Realtors ( Realtors Florida ) confirmed the recovery of the real estate market in Florida. Since 2012, the property still about 15 fewer days on the market before finding a buyer and prices have increased by over 12% compared to 2011.
- 2/Quels types of goods we sell?
We sell as diverse as Florida offers property, with access to all properties for sale in Central Florida , whether apartments, Villas , located in a posh locality as Dr. Phillips , Windermere or Celebration but also in exclusive golf clubs often offering several courses , clubhouse, tennis courts, fitness rooms and conference rooms, swimming pool, restaurants etc. . The individulles houses in residential neighborhoods , usually ranging between $ 80,000 and $ 150,000 prize, which cause more offers, often sold in a few days and investors snapped to modernize and rent.
We offer luxury properties with ceiling heights and dizzying volumes, huge windows , a lake , with docks , offering superb views of several million dollars.
These goods are purchased by our customers either as an investment or for personal use, sometimes even two , since the rental market strengthens in Florida, and Florida law favors the owner.
- 3 / What are the new real estate in Orlando?
Since mid- 2012, Lennar , a builder Floridian has restarted a real estate project buried for the housing crisis in 2007. A draft 3500 homes over the next 10 years, apartments and townhouses , combining two aquatic centers , but also a third Golf clubhouse and several restaurants. The site will be divided into two separate locations:
Country Club at Champions Gate
Country Club at Champions Gate, with 600 to 700 family houses is for residents and long-term tenants .
The community will be kept and buyers will be able to use the facilities of the Resort Omini , in addition to all the amenities located at the Country Club at Champions Gate. They can enjoy tennis courts , 3 golf courses, including one in the same residence, several pools and restaurants.
The investment rental Florida offers you the possibility to rent your property for long term lease for a maximum of one year This method enables secure income over several months ( between 7 and 12) and allows you to adjust your rent each year.
Retreat at Champions Gate
The Retreat at Champions Gate will be made for short-term rental . Holiday homes located in this complex with several pools are not attracted vacationers for amusement parks like Disney World located 15 minutes from Champions Gate. They will have a private swimming pool with a possible view of the new Golf Course .
The rental investment in this type of property you can enjoy your investment a few weeks per year while covering a portion of your costs by renting the property for guests.
New residence between Briargrove and Sunridge Woods
For connoisseurs southwest of Orlando , especially Davenport .
Solterra , a new home , will break ground in a few months . it will be located in Briargrove and Sunridge Woods on Ronald Reagan Pkwy. Park Square Homes will build here over 200 individual houses between 200 and 300 m2.
We develop a site dedicated to these new real estate developments in the area , we will post pictures of the early work and more detailed information on available homes in these new models.
The construction of a new shopping center on highway 27 , the creation of a conference room in the hotel OMNI , a new hotel and golf sports Championsgate , as well as other ongoing projects you will also presented.
The attraction of the Florida real estate market is confirmed by the many foreign buyers, primarily Canadians , Brazilians , Venezuelans , but also Russians, Chinese and Europeans , with a euro above $ 1.30 still benefit from the opportunities that offers the real estate market in Florida. Investors generally paying cash appropriated 25 % of goods sold in recent years in Florida. In 2011 , property purchases by foreigners in the U.S. exceeded 73% all transactions by foreigners in 2010, more than $ 82 billion in sales volume between 30 March 2010 and 30 March 2011 .
Real estate purchases are attractive to investors because of property prices affordable despite the rise in the past 18 months, the funding is still difficult for U.S. banks , good rental investment opportunities in Florida are available.
In 2012 , the number of building permits issued in the United States increased by 4.5% and reached its highest level since late 2008 , indicating a recovery in the market in 2012. The months of January and February 2012 were the best of the past five years for the resale of properties . The increase in sales was about the same throughout the state of Florida.
The rental investment in Florida to this day remains a secure and profitable investment for any investor seeking diversified its real estate in Florida. Attractive prices , favorable investment legislation but also strong demand for long-term leases are in the Orlando area a very attractive place to invest .
The latest report from the Association of Realtors ( Realtors Florida ) confirmed the recovery of the real estate market in Florida. Since 2012, the property still about 15 fewer days on the market before finding a buyer and prices have increased by over 12% compared to 2011.
- 2/Quels types of goods we sell?
We sell as diverse as Florida offers property, with access to all properties for sale in Central Florida , whether apartments, Villas , located in a posh locality as Dr. Phillips , Windermere or Celebration but also in exclusive golf clubs often offering several courses , clubhouse, tennis courts, fitness rooms and conference rooms, swimming pool, restaurants etc. . The individulles houses in residential neighborhoods , usually ranging between $ 80,000 and $ 150,000 prize, which cause more offers, often sold in a few days and investors snapped to modernize and rent.
We offer luxury properties with ceiling heights and dizzying volumes, huge windows , a lake , with docks , offering superb views of several million dollars.
These goods are purchased by our customers either as an investment or for personal use, sometimes even two , since the rental market strengthens in Florida, and Florida law favors the owner.
- 3 / What are the new real estate in Orlando?
Since mid- 2012, Lennar , a builder Floridian has restarted a real estate project buried for the housing crisis in 2007. A draft 3500 homes over the next 10 years, apartments and townhouses , combining two aquatic centers , but also a third Golf clubhouse and several restaurants. The site will be divided into two separate locations:
Country Club at Champions Gate
Country Club at Champions Gate, with 600 to 700 family houses is for residents and long-term tenants .
The community will be kept and buyers will be able to use the facilities of the Resort Omini , in addition to all the amenities located at the Country Club at Champions Gate. They can enjoy tennis courts , 3 golf courses, including one in the same residence, several pools and restaurants.
The investment rental Florida offers you the possibility to rent your property for long term lease for a maximum of one year This method enables secure income over several months ( between 7 and 12) and allows you to adjust your rent each year.
Retreat at Champions Gate
The Retreat at Champions Gate will be made for short-term rental . Holiday homes located in this complex with several pools are not attracted vacationers for amusement parks like Disney World located 15 minutes from Champions Gate. They will have a private swimming pool with a possible view of the new Golf Course .
The rental investment in this type of property you can enjoy your investment a few weeks per year while covering a portion of your costs by renting the property for guests.
New residence between Briargrove and Sunridge Woods
For connoisseurs southwest of Orlando , especially Davenport .
Solterra , a new home , will break ground in a few months . it will be located in Briargrove and Sunridge Woods on Ronald Reagan Pkwy. Park Square Homes will build here over 200 individual houses between 200 and 300 m2.
We develop a site dedicated to these new real estate developments in the area , we will post pictures of the early work and more detailed information on available homes in these new models.
The construction of a new shopping center on highway 27 , the creation of a conference room in the hotel OMNI , a new hotel and golf sports Championsgate , as well as other ongoing projects you will also presented.
Saturday, March 8, 2014
Even David Beckham has not been resisted in Miami
David Beckham said Wednesday that he would buy a franchise of North American football league (MLS ) to establish a new Miami team. During the same press conference , the project of a new stadium for the future Crew David Beckham and all Miamians was discussed. The latter can count on help from the football league for the financing of this project.
" I wanted to create a team to a place where we could start from scratch ," said the former player of the Galaxy Angels team (2007-2012) with whom he won two league titles .
"I know there was a team here there ten years (note: the" Miami Merger ") which has unfortunately disappeared , but I know that Miami is again ready for football ," said the former international English to explain his desire to implement the 22nd Major League Soccer training in Florida who wants to " create a very personal team" and "international" .
" I wanted to create a team to a place where we could start from scratch ," said the former player of the Galaxy Angels team (2007-2012) with whom he won two league titles .
"I know there was a team here there ten years (note: the" Miami Merger ") which has unfortunately disappeared , but I know that Miami is again ready for football ," said the former international English to explain his desire to implement the 22nd Major League Soccer training in Florida who wants to " create a very personal team" and "international" .
Friday, March 7, 2014
Buying and selling real estate in the United States (Florida)
Owning a real estate property in the United States is subject to a number of tax implications , if included , will allow a person to buy or sell without a problem. Florida residents enjoy two advantages that may have an impact on non -residents. The first of these advantages is HOMESTEAD EXEMPTION ( HOMESTEAD ) . At first, to encourage northerners to settle in Florida, a law was passed to exempt from municipal taxation the first $ 5000 assessment of residential property . This amount has increased over time and has now reached $ 25,000 , but the exemption applies only to properties of Florida residents . In terms of immigration , the owner must be a U.S. citizen or have legal permanent resident status . Persons staying temporarily in the United States are not eligible , even if they have a visa, whatever.
The second advantage is granted to residents amendment 10 SAVE OUR HOMES , of the Florida Constitution , which applies to properties covered by the exemption for homestead. This amendment limits the annual increase in the assessed value of a homestead to three percent or the increase in the index of consumer prices , following the increase in the lower of the two . Each year the exemption applies as long as a Florida resident owns property .
However, if the property is sold to a resident or a non- resident of Florida, property evaluation will be made at market value for the first year of ownership , with corresponding fees. If the new owner is entitled to homestead exemption , he must make the request and the exemption will apply to the new evaluation .
With the purchase of a property, so be aware of these effects on the calculation of taxes to be paid by the new owner . If the property was entitled to the exemption, the fees could be considerably higher in the first year compared to the previous year.
The sale of a property right has federal income tax in Florida. All winnings are taxable. However, if a property was purchased prior to November 1984, its value at that date will be the starting value, regardless of the purchase price of the property. In calculating the gain , it is possible to deduct things like the purchase price of the property, the sale price of the property, the cost of improvements , special assessments and taxes paid in the year of sale. Currently , the tax on the gain rate is 15%, but by counting the exemptions contained in the statement of income, it is about 12 %.
For the U.S. government receives tax owed a tax collection system has been established. In general, ( a procedure to determine in advance the amount of the tax and pay only the actual tax due) , the conclusion of the sale , the company title search deducted 10% of the sale price and sends the resulting amount to the federal government . The law requires parties to the sale or the seller , real estate agent or company title search , the obligation to ensure that this amount is sent within 20 days of the conclusion of the sale, otherwise they will be responsible . The procedure avoids the withholding tax is very complicated , it must provide all relevant information to the government , then wait for the amount of the tax is established. Most of the time , this procedure is not practical , because it must be concluded sale and exemption certificate may take time to arrive.
Once the sale is concluded , a claim for overpayment may be submitted if the 10 % selected are greater than the actual tax due. There are two ways to proceed: apply immediately send all relevant information to the tax authorities and to calculate or wait until the end of the year and apply by filling income tax declaration form not 1040NR -residents . This method is simple, because it only include numbers on Form 1040NR , while the other method requires the submission of all documents to justify the numbers.
To request a refund , the taxpayer identification number ( Taxpayer Identification Number - TIN) is mandatory. Anyone requesting a refund must have a tax number. If there are two owners, the proceeds from the sale will be divided between them and a separate restraint has been imposed on each. They must make a separate application ID .
Until recently, a person could apply for a TIN without having to explain the reason for his request. This reason should now be provided and justified by documents. In the case of a sale for which a claim is submitted, the request TIN is attached to the refund request . The office issuing TIN receives two requests , and sends the number listed on the rebate application and forwards it to the tax authorities . The office also sends a notice informing the applicant of the number. At one time, the sale of a property to a foreigner could not be completed if the person did not have this issue , but this formula too restrictive has been replaced by the above procedure .
People who have a social security number do not have to request a TIN , as their number is tax number. Foreigners can not get social security number unless they are authorized to work in the United States .
With this information , the non-resident property owners can better understand the procedures to buy or sell a residential property. Mobile homes are not covered by these procedures, unless the land belongs to the owner of a mobile home , and owning a share of a mobile home park is not considered a property of the field.
The second advantage is granted to residents amendment 10 SAVE OUR HOMES , of the Florida Constitution , which applies to properties covered by the exemption for homestead. This amendment limits the annual increase in the assessed value of a homestead to three percent or the increase in the index of consumer prices , following the increase in the lower of the two . Each year the exemption applies as long as a Florida resident owns property .
However, if the property is sold to a resident or a non- resident of Florida, property evaluation will be made at market value for the first year of ownership , with corresponding fees. If the new owner is entitled to homestead exemption , he must make the request and the exemption will apply to the new evaluation .
With the purchase of a property, so be aware of these effects on the calculation of taxes to be paid by the new owner . If the property was entitled to the exemption, the fees could be considerably higher in the first year compared to the previous year.
The sale of a property right has federal income tax in Florida. All winnings are taxable. However, if a property was purchased prior to November 1984, its value at that date will be the starting value, regardless of the purchase price of the property. In calculating the gain , it is possible to deduct things like the purchase price of the property, the sale price of the property, the cost of improvements , special assessments and taxes paid in the year of sale. Currently , the tax on the gain rate is 15%, but by counting the exemptions contained in the statement of income, it is about 12 %.
For the U.S. government receives tax owed a tax collection system has been established. In general, ( a procedure to determine in advance the amount of the tax and pay only the actual tax due) , the conclusion of the sale , the company title search deducted 10% of the sale price and sends the resulting amount to the federal government . The law requires parties to the sale or the seller , real estate agent or company title search , the obligation to ensure that this amount is sent within 20 days of the conclusion of the sale, otherwise they will be responsible . The procedure avoids the withholding tax is very complicated , it must provide all relevant information to the government , then wait for the amount of the tax is established. Most of the time , this procedure is not practical , because it must be concluded sale and exemption certificate may take time to arrive.
Once the sale is concluded , a claim for overpayment may be submitted if the 10 % selected are greater than the actual tax due. There are two ways to proceed: apply immediately send all relevant information to the tax authorities and to calculate or wait until the end of the year and apply by filling income tax declaration form not 1040NR -residents . This method is simple, because it only include numbers on Form 1040NR , while the other method requires the submission of all documents to justify the numbers.
To request a refund , the taxpayer identification number ( Taxpayer Identification Number - TIN) is mandatory. Anyone requesting a refund must have a tax number. If there are two owners, the proceeds from the sale will be divided between them and a separate restraint has been imposed on each. They must make a separate application ID .
Until recently, a person could apply for a TIN without having to explain the reason for his request. This reason should now be provided and justified by documents. In the case of a sale for which a claim is submitted, the request TIN is attached to the refund request . The office issuing TIN receives two requests , and sends the number listed on the rebate application and forwards it to the tax authorities . The office also sends a notice informing the applicant of the number. At one time, the sale of a property to a foreigner could not be completed if the person did not have this issue , but this formula too restrictive has been replaced by the above procedure .
People who have a social security number do not have to request a TIN , as their number is tax number. Foreigners can not get social security number unless they are authorized to work in the United States .
With this information , the non-resident property owners can better understand the procedures to buy or sell a residential property. Mobile homes are not covered by these procedures, unless the land belongs to the owner of a mobile home , and owning a share of a mobile home park is not considered a property of the field.
According to a report from BMO, Canadian snowbirds help real estate recovery in Florida
According to a report by BMO Financial Group, the real estate market in Florida is recovering and Canadian retirees who spend the winter in the south (the " snowbirds ") are for many.
The report highlighted the following facts:
According to the most recent figures from S & P Case -Shiller , the price of a single family home located in South Florida jumped 12 per cent to the lowest point in April 2011.
The demand for real estate in Florida is growing among foreign buyers , especially Canadians , who have helped foster the rise in prices .
Canada is the largest source of foreign tourists as well as foreign buyers of property in Florida , in 2010 , Canadians found 36 percent of all real estate purchases by foreigners.
More than 500,000 Canadians currently own a property in Florida .
" Beyond the undeniable attraction of the beautiful weather and beautiful beaches , two other factors are property of Florida a particularly attractive value for Canadians ," says Jack Ablin , Chief Investment Officer , BMO Harris Private Banking. "The first is that the Floridian properties represent a bargain compared to Canadian real estate. The median price of properties in Florida is about two times lower than that of Canadian homes . Second, the Canadian dollar is trading at about 10 percent above its fair value against the U.S. dollar , which gives a higher purchasing power to snowbirds buyers . "
Canadians where they buy in Florida?
The report also identified the key areas where Canadians have properties in Florida:
Sarasota -Bradenton -Venice (17 percent ) ;
Orlando- Kissimmee ( 13 percent) ;
Miami -Ft. Lauderdale- Palm Beach ( 13 percent) ;
Cape Coral -Ft. Myers ( 9 percent) ;
Tampa -St. Petersburg ( 9 percent) ;
Naples -Marco Island ( 9 percent) ;
Other ( 30 percent) * .
A BMO survey conducted in 2012 revealed that 16 per cent of Canadians said they would consider buying a house south of the border. Furthermore :
among those who planned to buy a property in the United States in 2012 , 56 per cent would have to capture a secondary or vacation property ;
44 percent of respondents cited affordability as a reason for buying a property in the United States ;
third of respondents considered buying a property in the United States as a long-term investment (29 percent).
Laura Parsons, Specialist - Mortgages BMO advise anyone considering buying property in the United States to finance its purchase from a financial institution in the U.S. - preferably a Canadian bank with branches south of the border . " Knowing the local level is an approach that has been proven and is particularly relevant in the real estate sector, as conditions and trends can vary greatly from one place to another."
Ms. Parsons says that BMO customers can inquire at any branch of BMO Harris Bank , which is based in the U.S. states of Illinois , Indiana , Arizona , Florida and Wisconsin. "We must consider several factors before making such a decision and having a Canadian partner can help you better understand the differences between Canadian and U.S. programs funding, which , ultimately , can you avoid loss of time and many headaches , "says Parsons.
The report highlighted the following facts:
According to the most recent figures from S & P Case -Shiller , the price of a single family home located in South Florida jumped 12 per cent to the lowest point in April 2011.
The demand for real estate in Florida is growing among foreign buyers , especially Canadians , who have helped foster the rise in prices .
Canada is the largest source of foreign tourists as well as foreign buyers of property in Florida , in 2010 , Canadians found 36 percent of all real estate purchases by foreigners.
More than 500,000 Canadians currently own a property in Florida .
" Beyond the undeniable attraction of the beautiful weather and beautiful beaches , two other factors are property of Florida a particularly attractive value for Canadians ," says Jack Ablin , Chief Investment Officer , BMO Harris Private Banking. "The first is that the Floridian properties represent a bargain compared to Canadian real estate. The median price of properties in Florida is about two times lower than that of Canadian homes . Second, the Canadian dollar is trading at about 10 percent above its fair value against the U.S. dollar , which gives a higher purchasing power to snowbirds buyers . "
Canadians where they buy in Florida?
The report also identified the key areas where Canadians have properties in Florida:
Sarasota -Bradenton -Venice (17 percent ) ;
Orlando- Kissimmee ( 13 percent) ;
Miami -Ft. Lauderdale- Palm Beach ( 13 percent) ;
Cape Coral -Ft. Myers ( 9 percent) ;
Tampa -St. Petersburg ( 9 percent) ;
Naples -Marco Island ( 9 percent) ;
Other ( 30 percent) * .
A BMO survey conducted in 2012 revealed that 16 per cent of Canadians said they would consider buying a house south of the border. Furthermore :
among those who planned to buy a property in the United States in 2012 , 56 per cent would have to capture a secondary or vacation property ;
44 percent of respondents cited affordability as a reason for buying a property in the United States ;
third of respondents considered buying a property in the United States as a long-term investment (29 percent).
Laura Parsons, Specialist - Mortgages BMO advise anyone considering buying property in the United States to finance its purchase from a financial institution in the U.S. - preferably a Canadian bank with branches south of the border . " Knowing the local level is an approach that has been proven and is particularly relevant in the real estate sector, as conditions and trends can vary greatly from one place to another."
Ms. Parsons says that BMO customers can inquire at any branch of BMO Harris Bank , which is based in the U.S. states of Illinois , Indiana , Arizona , Florida and Wisconsin. "We must consider several factors before making such a decision and having a Canadian partner can help you better understand the differences between Canadian and U.S. programs funding, which , ultimately , can you avoid loss of time and many headaches , "says Parsons.
Monday, March 3, 2014
Real Estate: Why the French adore Miami
Miami remains a destination of choice for French. 30,000 could live there year round. And despite the nine-hour flight from Paris, 10,000 have invested to lease or purchase a second home.
The second Florida city that hosts hundreds of companies offers a tricolor pleasant living: year-round sunshine, miles of sandy beaches ... The weakness of the dollar against the euro and falling prices of real estate - down 35-40% since 2008 - are two arguments.
While the exclusive area of South Beach, focusing shops, bars, restaurants and recent buildings standing tall, currency more than 7000 euros per square meter. But elsewhere the bill is much lighter, as shown by the figures compiled by the agency "Accommodation in Miami" for Capital.fr.
In the residential area of South Miami, particularly popular with French, villas years 50-60 refurbished is currently trading at around 2400 euros per square meter. 30% less than two years ago! On the waterfront Miami Beach, the heart of the city, apartments in the Art Deco buildings are traded 3,000 euros per square meter, three times less than the port of Saint-Trop '. At this price, you can get your hands on "condominiums", the typical American modern buildings offering multiple services (concierge, swimming pool, gym ...)
For investors or individuals wishing to rent their homes for several months in the year, these fully furnished apartments have a genuine interest: American tourists are crazy and despite the quality, costs remained low (2% of the value of the property facilities and up to 2% for property tax). "What ensuring profitability of more than 3 to 4% net," says Eric Amsallem, director of the agency "Accommodation in Miami."
Another advantage: the purchase costs are particularly low in the United States (1.5 to 2% against 5% in France). "But it is better to pay cash, as it is very difficult for a foreigner to obtain a loan from a U.S. bank," says Louis Eudes, founder of Delocalia specializing in buying real estate abroad. Finally, note that you will be taxed at 15% on any capital gains. Again a more advantageous rate than France.
The second Florida city that hosts hundreds of companies offers a tricolor pleasant living: year-round sunshine, miles of sandy beaches ... The weakness of the dollar against the euro and falling prices of real estate - down 35-40% since 2008 - are two arguments.
While the exclusive area of South Beach, focusing shops, bars, restaurants and recent buildings standing tall, currency more than 7000 euros per square meter. But elsewhere the bill is much lighter, as shown by the figures compiled by the agency "Accommodation in Miami" for Capital.fr.
In the residential area of South Miami, particularly popular with French, villas years 50-60 refurbished is currently trading at around 2400 euros per square meter. 30% less than two years ago! On the waterfront Miami Beach, the heart of the city, apartments in the Art Deco buildings are traded 3,000 euros per square meter, three times less than the port of Saint-Trop '. At this price, you can get your hands on "condominiums", the typical American modern buildings offering multiple services (concierge, swimming pool, gym ...)
For investors or individuals wishing to rent their homes for several months in the year, these fully furnished apartments have a genuine interest: American tourists are crazy and despite the quality, costs remained low (2% of the value of the property facilities and up to 2% for property tax). "What ensuring profitability of more than 3 to 4% net," says Eric Amsallem, director of the agency "Accommodation in Miami."
Another advantage: the purchase costs are particularly low in the United States (1.5 to 2% against 5% in France). "But it is better to pay cash, as it is very difficult for a foreigner to obtain a loan from a U.S. bank," says Louis Eudes, founder of Delocalia specializing in buying real estate abroad. Finally, note that you will be taxed at 15% on any capital gains. Again a more advantageous rate than France.
Friday, February 28, 2014
Beautiful condo in Lime Bay Tamarac (Fort Lauderdale, FL) for sale
Today we present you this new condo for sale renovated, immaculate and sold fully furnished 2 bedrooms and 2 bathrooms with stunning views of the lake and the golf Colony West golf. This is the most beautiful model on the lagoon side in a solution "turnkey " .
Bring your toothbrush, just relax by the pool and enjoy a drink in the company of good friends!
All floors are ceramic tile isolated and placed diagonally to create a more marked effect and luxurious depth. Kitchen countertops with blue Mediterranean is spectacular with its European-style armoires and kitchen appliances stainless steel.
Counter to patio that opens directly into the kitchen through its removable side window breakfast was designed to serve guests easily. The patio is equipped with sliding doors smoked acrylic resist winds. They have just passed their test and successfully survived Hurricane Wilma in 2005.
All leather furniture , table corners, patio furniture, dining table , chairs, beds , dressers, etc. . , Which you see on the video remain with the apartment. Of superior quality, they were purchased new there less than 3 years and have been used in the few months of vacation owners.
In addition, three flat screen TVs , computer and printer Acer Brother inkjet are also included in the sale.
Lime Bay in Tamarac is a very active community reserved for seniors 55 and older . The monthly maintenance fees are very reasonable for the area ($ 300 per month) and the union of co- owners concerned to maintain the property with the utmost care. There are no special fees provided in 2014 because all the roofs of buildings in this phase have been recently redone.
Close to all services , purchasing , including the famous Sawgrass Mills Mall and golf courses , Lime Bay in Tamarac hosts a beautiful group of Quebecers who spend their winter sun centers. Very active with the community they participate in activities and organizes several festivals, meetings and BBQ . Lime Bay in Tamarac (Fort Lauderdale ) is a very pleasant place to live in winter as in summer.
Bring your toothbrush, just relax by the pool and enjoy a drink in the company of good friends!
All floors are ceramic tile isolated and placed diagonally to create a more marked effect and luxurious depth. Kitchen countertops with blue Mediterranean is spectacular with its European-style armoires and kitchen appliances stainless steel.
Counter to patio that opens directly into the kitchen through its removable side window breakfast was designed to serve guests easily. The patio is equipped with sliding doors smoked acrylic resist winds. They have just passed their test and successfully survived Hurricane Wilma in 2005.
All leather furniture , table corners, patio furniture, dining table , chairs, beds , dressers, etc. . , Which you see on the video remain with the apartment. Of superior quality, they were purchased new there less than 3 years and have been used in the few months of vacation owners.
In addition, three flat screen TVs , computer and printer Acer Brother inkjet are also included in the sale.
Lime Bay in Tamarac is a very active community reserved for seniors 55 and older . The monthly maintenance fees are very reasonable for the area ($ 300 per month) and the union of co- owners concerned to maintain the property with the utmost care. There are no special fees provided in 2014 because all the roofs of buildings in this phase have been recently redone.
Close to all services , purchasing , including the famous Sawgrass Mills Mall and golf courses , Lime Bay in Tamarac hosts a beautiful group of Quebecers who spend their winter sun centers. Very active with the community they participate in activities and organizes several festivals, meetings and BBQ . Lime Bay in Tamarac (Fort Lauderdale ) is a very pleasant place to live in winter as in summer.
Wednesday, February 26, 2014
How to buy Real Estate in Florida
Buying a property in Florida is governed by the laws of the State of Florida , which is different from our legislation .
The rules for buying and selling real estate in Florida are simple trade takes place exclusively through state- accredited real estate brokers for participation and no local notary (Title Copany ) .
Citizens of the Czech Republic can buy property in the USA directly to private ownership .
Florida - reality - the rules for their purchase :
Client during inspections choice in a property that meets its criteria . Seller and buyer sign the Treaty of intent , in which the seller agrees to sell and the buyer to buy a property under the conditions specified in the contract .
In signing the Treaty, the buyer pays a deposit is usually equal to 1 % of the purchase price to the account "title compamy ." and that becomes part of the final expenditure , which the buyer must pay the transfer of ownership .
Buyer pays usually 7-10 days next installment , which is around 5 % of the purchase price . Between the signing of the Treaty of intent and the very close of business ( ownership transfer ) usually takes 30-45 days. During that period it is possible to thoroughly inspect the property , do the inspection reality , geodetic survey to insurance ( the transfer of ownership must have secured a buyer for the property insurance may pay in advance or during the transfer of real estate) .
"Title Company " checks whether the property is not burdened with outstanding debts , whether the seller is the true owner of that reality , etc.
The buyer may or may not use services of a lawyer of their choice or according to our recommendations , which will provide legal advice and supervise the progress of the transaction. In some cases, the very law firm can work title company .
Title company is a company that is actually a neutral party to the transaction . It protects the rights of both parties ( seller and buyer) purchase contract (the closing ) usually takes place in the office of the company. Title company among other things, prepare Form HUD -1 ( closing statement) , which is the final bill contains a list of all the charges , which the seller and the buyer pays . In addition to closing the HUD- 1 signed transfer of ownership and any documents required for mortgage . Title company will send a courier with proof of transfer of ownership to the municipal office where you register all public documents . There is a transfer of registered ownership and subsequently kupujícící get the original document ( in the closing of getting a copy ), which is stamped by the council and is marked off exactly where the book on which side of the document is filed. Public documents can be viewed via the Internet. Title company is part of every transaction. This rule is not only a reality for Florida in its territory but for the entire USA .
The property can be purchased as either " first home " (where the owner lives most of the year , it is his residence) , " second home " or as an investment. For a second home and investment and mortgage insurance is a little more expensive .
Buyer pays inspection before closing in reality if applying for a mortgage and the bank appraiser a fee for mortgage application . Bank estimate - necessary for the bank, the height of the mortgage exceeds the value of the property . Bank estimate for the buyer pays the bank back and it is ordered at the expert companies.
Insurance - must be paid either ahead or when closing the case all year , depending on the value area of the property , also the year when the property was built , its size, etc.
Inspection of the property - the orders and pays the buyer (not mandatory , but highly recommended) . Must be performed by a professional inspector who holds a license from the State in which the inspection is conducted . There are different types, sometimes a buyer can only check the roof of a property that does not have problems with termites. Typically, the buyer ordered a complete inspection , subject to the inspection of building structures, windows , doors , installations, equipment and appliances reality of their functionality. The inspector writes a report on the inspection , which writes and how much it would cost repairs. When this sum is higher than stated in the contract the buyer , so the buyer can cancel the contract or to discuss the changing conditions ( such as price reduction or seller pay the repair part or repair, etc. ) . Buyer specified in the contract sum for repairs that are willing to cover, and continue the contract. For example 1.000 USD . This means that if the estimated repairs will be more , the buyer need not continue the contract , of course there is a certain time limit in which you need to decide and let you know the seller.
Geodesic Survey - remeasured the land , the surveyor marks the property line small orange flags. The survey can determine if the neighbors happen to have a fence built on the site of the real estate , etc. The survey also exposes the " flood elevation Certifikate " - a document in which it is written , how high above sea level is a driveway , garage , living area of the house . on the basis of this document, the buyer can buy insurance against flood.
Are you interested in foreign real estate in Florida? We will arrange the purchase of real estate in the Naples , Ft. Myers , Cape Coral, Miami and surrounding areas. Call us or fill in the inquiry form.
The rules for buying and selling real estate in Florida are simple trade takes place exclusively through state- accredited real estate brokers for participation and no local notary (Title Copany ) .
Citizens of the Czech Republic can buy property in the USA directly to private ownership .
Florida - reality - the rules for their purchase :
Client during inspections choice in a property that meets its criteria . Seller and buyer sign the Treaty of intent , in which the seller agrees to sell and the buyer to buy a property under the conditions specified in the contract .
In signing the Treaty, the buyer pays a deposit is usually equal to 1 % of the purchase price to the account "title compamy ." and that becomes part of the final expenditure , which the buyer must pay the transfer of ownership .
Buyer pays usually 7-10 days next installment , which is around 5 % of the purchase price . Between the signing of the Treaty of intent and the very close of business ( ownership transfer ) usually takes 30-45 days. During that period it is possible to thoroughly inspect the property , do the inspection reality , geodetic survey to insurance ( the transfer of ownership must have secured a buyer for the property insurance may pay in advance or during the transfer of real estate) .
"Title Company " checks whether the property is not burdened with outstanding debts , whether the seller is the true owner of that reality , etc.
The buyer may or may not use services of a lawyer of their choice or according to our recommendations , which will provide legal advice and supervise the progress of the transaction. In some cases, the very law firm can work title company .
Title company is a company that is actually a neutral party to the transaction . It protects the rights of both parties ( seller and buyer) purchase contract (the closing ) usually takes place in the office of the company. Title company among other things, prepare Form HUD -1 ( closing statement) , which is the final bill contains a list of all the charges , which the seller and the buyer pays . In addition to closing the HUD- 1 signed transfer of ownership and any documents required for mortgage . Title company will send a courier with proof of transfer of ownership to the municipal office where you register all public documents . There is a transfer of registered ownership and subsequently kupujícící get the original document ( in the closing of getting a copy ), which is stamped by the council and is marked off exactly where the book on which side of the document is filed. Public documents can be viewed via the Internet. Title company is part of every transaction. This rule is not only a reality for Florida in its territory but for the entire USA .
The property can be purchased as either " first home " (where the owner lives most of the year , it is his residence) , " second home " or as an investment. For a second home and investment and mortgage insurance is a little more expensive .
Buyer pays inspection before closing in reality if applying for a mortgage and the bank appraiser a fee for mortgage application . Bank estimate - necessary for the bank, the height of the mortgage exceeds the value of the property . Bank estimate for the buyer pays the bank back and it is ordered at the expert companies.
Insurance - must be paid either ahead or when closing the case all year , depending on the value area of the property , also the year when the property was built , its size, etc.
Inspection of the property - the orders and pays the buyer (not mandatory , but highly recommended) . Must be performed by a professional inspector who holds a license from the State in which the inspection is conducted . There are different types, sometimes a buyer can only check the roof of a property that does not have problems with termites. Typically, the buyer ordered a complete inspection , subject to the inspection of building structures, windows , doors , installations, equipment and appliances reality of their functionality. The inspector writes a report on the inspection , which writes and how much it would cost repairs. When this sum is higher than stated in the contract the buyer , so the buyer can cancel the contract or to discuss the changing conditions ( such as price reduction or seller pay the repair part or repair, etc. ) . Buyer specified in the contract sum for repairs that are willing to cover, and continue the contract. For example 1.000 USD . This means that if the estimated repairs will be more , the buyer need not continue the contract , of course there is a certain time limit in which you need to decide and let you know the seller.
Geodesic Survey - remeasured the land , the surveyor marks the property line small orange flags. The survey can determine if the neighbors happen to have a fence built on the site of the real estate , etc. The survey also exposes the " flood elevation Certifikate " - a document in which it is written , how high above sea level is a driveway , garage , living area of the house . on the basis of this document, the buyer can buy insurance against flood.
Are you interested in foreign real estate in Florida? We will arrange the purchase of real estate in the Naples , Ft. Myers , Cape Coral, Miami and surrounding areas. Call us or fill in the inquiry form.
Tuesday, February 25, 2014
Russian real estate investment grows in Miami
Cranes rise again condo towers in Sunny Isles strip between Collins Avenue and the beach, in an area of ten streets in some small supermarkets offer beers, jams and meats from countries of the former Soviet Union. The only drink in the window of one of the liquor stores is vodka and real estate signs in Russian look .
Many apartments under construction in this area, known as " Little Moscow " , also have Russian speaking buyers .
The number of Russian-speaking investors interested in buying real estate in Miami as enclaves of Sunny Isles has increased in the last year . Many high-income entrepreneurs , encouraged by the rising price incipente properties in Miami Dade , investing in condos in beach areas and pay all or most of the cash price .
Between September 2012 and September 2013 , Russians accounted for 3 percent of all foreign property buyers , according to a report by the Association of Realtors Miami. Thus, Russians left behind a group of British investors , German or Chilean , Peruvian to meet or even exceed , by a difference that could not be statistically significantly Spaniards and Dominicans.
The Russians now occupy 10th place among international buyers in South Florida.
The Association has no data on customers in other countries of the former Soviet Union.
Lynda Fernandez , senior vice president of the Association , said Russian buyers stood in sixth place among foreign consumers seeking properties in Miami on the website of the association , according to a report in August 2013, when even were among the top 10 in 2012.
Tatiana Samarina , a real estate agent who decided to stay in Miami when vacation came 10 years ago, says he has noticed an increase in Russian-speaking clients in the last year.
"There are many now ," says Samarina , sitting in cafe in one of the malls in Sunny Isles .
On the table leaves a local newspaper in Russian.
PRICES ARE GOING UP
The agent explains that Sunny Isles has improved greatly in the past 10 years , there are more direct flights from Moscow to arrive full and now that housing prices start to rise , Russian investors are seeing here that the properties can be a good investment.
Irina Kim Sang , estate agent , says he has also noticed this increase.
" In 2013 there has been a very significant advance . Prices have increased , "said Kim Sang . "We have tourism, regular sales . The interest of Russian buyers has increased a lot. If prices rise , the more likely that buyers follow the tide and consider something like value . "
Kim Sang says that even so, the properties in Miami are comparatively cheaper than in Moscow.
Or in New York and California, explains Agnes Gray, agent Prestige Properties Team , who also adds that they are a less risky investment than buying an apartment in the Spanish Mediterranean coast or Cyprus , where many Russians invested before European crisis.
ALSO NEW YORK
"The Russian community in New York is definitely investing and buying vacation homes in Florida ," Gray said, adding that also the luxury - from playing tennis to buy a Bentley or a Ferrari or have the services of a five star resort said as the Saint Regis or Acqualina - it's cheaper in Miami than in Moscow.
Different real estate professionals consulted explained that Russian investors usually look for an apartment in a condominium , overlooking the sea, preferably in Sunny Isles , where a Russian community living for years and you can find listings of babysitters in Russian Russian, or in Bal Harbour, but also in Fisher Island, Aventura, Hallandale , Hollywood , Miami Beach, or Downtown , depending on the budget.
Usually houses with two or three bedrooms and $ 300,000 to several million dollars , which they use both for investment and second or third residence in a warm place near the ocean for the winter months or just as an investment , in which case, usually rent .
" Looking for a second home for the winter, so they can come here, but that is also an investment," Gray said. " There are a lot of Russian investors who are buying off-plan and getting a good profit when they sell the property."
Respondents stated that professional buyers are men who have been successful with their businesses are buying their second or third residence and generally make a decision with your family.
CHILDREN
Some think of sending their children to college in the United States.
"Kids can study in New York and have a second home here so that when parents come , they can spend the summer or winter in Florida ," said Kim Sang .
Buyers often live in Russia, in New York or Canada. Sometimes buying at a distance and at other times, come on vacation and a chance to see several properties and decide.
Most customers come from Russia Samarina are Russian or New York. But once I had a Russian client who called him from France.
" He knew all about pricing on all buildings," said Samarina .
" Once thought of as the typical Russian-speaking buyer was a celebrity ," said Kim Sang . " Now it's people who have some extra money to buy here in Miami ."
Some investors pay all cash, but others try to finance half the price with the bank and pay the rest in cash .
" They usually give a deposit of 10 percent of the price and another 30 percent in cash to close the deal," said Kim Sang who said buyers often request funding for 50 or 60 percent of the price in local banks.
In the cafe of Sunny Isles , Samarina says she has lived in many places in Miami, Sunny Isles but it is the place that she and many others prefer . " Some want to be here. They do not speak English, so sit here and feel at casa.Yo I feel like if I lived in Moscow, but with the ocean, " said Samarina . " And with the Cuban coffee with milk."
Many apartments under construction in this area, known as " Little Moscow " , also have Russian speaking buyers .
The number of Russian-speaking investors interested in buying real estate in Miami as enclaves of Sunny Isles has increased in the last year . Many high-income entrepreneurs , encouraged by the rising price incipente properties in Miami Dade , investing in condos in beach areas and pay all or most of the cash price .
Between September 2012 and September 2013 , Russians accounted for 3 percent of all foreign property buyers , according to a report by the Association of Realtors Miami. Thus, Russians left behind a group of British investors , German or Chilean , Peruvian to meet or even exceed , by a difference that could not be statistically significantly Spaniards and Dominicans.
The Russians now occupy 10th place among international buyers in South Florida.
The Association has no data on customers in other countries of the former Soviet Union.
Lynda Fernandez , senior vice president of the Association , said Russian buyers stood in sixth place among foreign consumers seeking properties in Miami on the website of the association , according to a report in August 2013, when even were among the top 10 in 2012.
Tatiana Samarina , a real estate agent who decided to stay in Miami when vacation came 10 years ago, says he has noticed an increase in Russian-speaking clients in the last year.
"There are many now ," says Samarina , sitting in cafe in one of the malls in Sunny Isles .
On the table leaves a local newspaper in Russian.
PRICES ARE GOING UP
The agent explains that Sunny Isles has improved greatly in the past 10 years , there are more direct flights from Moscow to arrive full and now that housing prices start to rise , Russian investors are seeing here that the properties can be a good investment.
Irina Kim Sang , estate agent , says he has also noticed this increase.
" In 2013 there has been a very significant advance . Prices have increased , "said Kim Sang . "We have tourism, regular sales . The interest of Russian buyers has increased a lot. If prices rise , the more likely that buyers follow the tide and consider something like value . "
Kim Sang says that even so, the properties in Miami are comparatively cheaper than in Moscow.
Or in New York and California, explains Agnes Gray, agent Prestige Properties Team , who also adds that they are a less risky investment than buying an apartment in the Spanish Mediterranean coast or Cyprus , where many Russians invested before European crisis.
ALSO NEW YORK
"The Russian community in New York is definitely investing and buying vacation homes in Florida ," Gray said, adding that also the luxury - from playing tennis to buy a Bentley or a Ferrari or have the services of a five star resort said as the Saint Regis or Acqualina - it's cheaper in Miami than in Moscow.
Different real estate professionals consulted explained that Russian investors usually look for an apartment in a condominium , overlooking the sea, preferably in Sunny Isles , where a Russian community living for years and you can find listings of babysitters in Russian Russian, or in Bal Harbour, but also in Fisher Island, Aventura, Hallandale , Hollywood , Miami Beach, or Downtown , depending on the budget.
Usually houses with two or three bedrooms and $ 300,000 to several million dollars , which they use both for investment and second or third residence in a warm place near the ocean for the winter months or just as an investment , in which case, usually rent .
" Looking for a second home for the winter, so they can come here, but that is also an investment," Gray said. " There are a lot of Russian investors who are buying off-plan and getting a good profit when they sell the property."
Respondents stated that professional buyers are men who have been successful with their businesses are buying their second or third residence and generally make a decision with your family.
CHILDREN
Some think of sending their children to college in the United States.
"Kids can study in New York and have a second home here so that when parents come , they can spend the summer or winter in Florida ," said Kim Sang .
Buyers often live in Russia, in New York or Canada. Sometimes buying at a distance and at other times, come on vacation and a chance to see several properties and decide.
Most customers come from Russia Samarina are Russian or New York. But once I had a Russian client who called him from France.
" He knew all about pricing on all buildings," said Samarina .
" Once thought of as the typical Russian-speaking buyer was a celebrity ," said Kim Sang . " Now it's people who have some extra money to buy here in Miami ."
Some investors pay all cash, but others try to finance half the price with the bank and pay the rest in cash .
" They usually give a deposit of 10 percent of the price and another 30 percent in cash to close the deal," said Kim Sang who said buyers often request funding for 50 or 60 percent of the price in local banks.
In the cafe of Sunny Isles , Samarina says she has lived in many places in Miami, Sunny Isles but it is the place that she and many others prefer . " Some want to be here. They do not speak English, so sit here and feel at casa.Yo I feel like if I lived in Moscow, but with the ocean, " said Samarina . " And with the Cuban coffee with milk."
Monday, February 17, 2014
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