Thursday, December 3, 2015

WHY REAL ESTATE MARKET CONDITIONS MATTER!


A Comparable Market Analysis (CMA) can tell you what buyers recently paid for homes similar to yours, but that's not all you need to know to choose the right listing price. You need to know the market's appetite for your home, and that can only come from an overview of your community's current market conditions.


Market conditions are like a weather report; it helps you predict what the current crop of buyers will do. Using this knowledge, you can price your home to sell quickly, and for the most money possible.






Why is a quick sale important? The right price generates a bumper crop of buyers. If you price your home too high compared to other similar homes, you'll appear to be testing the market. Buyers will assume that you're going to be too difficult in negotiations.

Here's what you need to know - what kind of a market are you in? Market conditions are formed by buyer attitudes, made sunny or cloudy by jobs, incomes, mortgage interest rates, and overall consumer confidence.

It's possible that your community could have buyer's and seller's markets simultaneously. For example, your neighborhood may be hot, while the subdivision a mile away is stone cold.

A seller's market is characterized by confident buyers, short "days on market" and low inventory levels of less than six months on hand. This usually results in rising prices.

A buyer's market is characterized by longer "days on market," and high inventory levels of seven months' supply or more. To get buyers to come in from out of the storm, sellers must offer incentives such as seller-paid closing costs or lower prices.

The market conditions will tell you the long and short-term trends. If the market is heating up, you can ask a little more for your home. If the market is cooling, you may need to price your home slightly under the market in order to attract more buyers.

One thing you absolutely should never do is ignore market conditions. It's said the market is always right. If you price your home too high, you'll know when you get few to no showings.

That's why it's important to ask your real estate agent for occasional market updates as well as a fresh CMA. You'll get a better idea of what your home will sell for and how long it will take to sell.

Lazaro Lopez, PA
Fortune Int'l Realty
(786) 525-9430

http://www.AventuraPropertiesGroup.com

http://www.LazaroLopez.com

http://www.MiamiPropertyConsultant.com





Residential & Commercial Realtor® at Fortune International
1390 Brickell Ave, Suite 104, Miami, Florida 33131

(Ref:http://lazarolopez.realtytimes.com/consumeradvice/sellersadvice1/item/40266-why-real-estate-market-conditions-matter)


Wednesday, November 11, 2015

At Least 30 Retailers Have Now Signed Deals To Open At Brickell City Centre!


Brickell City Centre remains on track to open at the end of 2015, and announced a dozen new retailers for the mall:

















The list includes coveted luxury brands, international household names, local favorites and first-time Miami flagships.

Acqua di Parma – A niche Italian perfume company that also sells skincare, leather goods and a home collection. It will be opening its first brick-and-mortar Miami store at Brickell City Centre.
IRO – A French fashion label with a cult following among the fashion elite and celebrities, the sleek street-style apparel store is opening its first flagship in Miami. It currently has locations in New York andCalifornia.
Stuart Weitzman – A leader in luxury designer footwear, the U.S. label is a regular on the red carpet and is currently sold in more than 70 countries.
Coach – The New York-based handbag titan, which recently added women’s ready-to-wear apparel, will open its fifth Miamilocation.
Porsche Design – Porsche’s high-end lifestyle label, which sells ready-to-wear pieces for women and men, handbags and accessories, is opening its third store in Miami.
Michele Lopriore – A bespoke Italian women’s shoe designer whose store at Brickell City Centre will be its first U.S. outpost after decades of success in Europe and abroad.
Mirto – The leading Spanish tailor made famous for its quality men’s shirts with menswear and womenswear sold in 25 countries around the world. This will be Miami’s first Mirto.
Adolfo Dominguez – An elegant Spanish apparel brand for men and women that first opened its doors in Madrid and has since expanded to major fashion capitals around the world.
Capritouch – An Italian footwear company where shoppers meet with cobblers to design custom sandals, including an option to add Swarovski crystal embellishments. The one-of-a-kind sandals are crafted by skilled artisans from the original shop, which is located on the Island of Capri.
Santa Maria Novella – The oldest surviving pharmacy in the world,Florence-based Santa Maria Novella sells hand-made skincare, body care and fragrance products that trace back to its original medicinal roots inItaly.
Diptyque – A Parisian retailer selling luxe home and body fragrances. This will be its first stand-alone store in Florida.
Nest Casa – A Miami-based showroom by proprietor and former modelSara Colombo, which sells a curated collection of luxury home décor and accessories.
Luxury brands will be located throughout the street-accessible first floor of Brickell City Centre’s retail component. Others will open on the second and third floors, emphasizing premium and contemporary retailers along with a mix of beauty, home decor, jewelry, apparel and other stores.

Brickell City Centre will offer a unique vertical shopping experience, a successful shopping model common in international cities and well-recognized by global travelers.

“Brickell City Centre provides a unique retail offering to an underserved international destination that caters to the part-time resident, visitor market and growing business community,” said Debora Overholt, senior retail director at Swire Properties. “There’s no denying the need for shopping, dining and entertainment options in one of Miami’s densest areas.”

“This curated mix of tenants meets the diverse demand of our visiting, local and daytime business customers and will secure Brickell’s new role as a world-class flagship destination for successful global luxury brands,” said Courtney Lord, vice president of leasing for Whitman Family Development.

“We are proud to be bringing onboard these new international brands, many of which have experienced overwhelming success abroad and see Miami as the perfect entry city for their North American debut,” said Sharon Polonia, executive vice president of leasing at Simon.

The shopping center will seamlessly connect with Miami’s key transportation nodes. Swire Properties is incorporating a Miami Metromover stop that exits directly into the shopping center’s third floor to allow easy and convenient access. The shopping center will ease vehicle movement with an expansive two-story underground carpark that traverses streets in the lower level.

The newly revealed brands are fifth in a series of retail announcements for the$1.05 billion mixed-use project. Luxury brands Valentino and Chopard were announced earlier this summer followed by contemporary brands Lululemon, Harmont & Blaine,Cole Haan, Illesteva and OndadeMar, and eateriesPubbelly Sushi, Pasion del Cielo, Quinto La Huella and Sugar. In August, Swire revealed Ted Baker, Agent Provocateur,100% Capri, Addict,Vilebrequin and APM Monaco. Most recently announced was Giuseppe Zanotti, La Perla, Bally and Kiton.

Leading luxury retailer Saks Fifth Avenue has signed as Brickell City Centre’s anchor tenant and will occupy three floors of the shopping center with street-level access. Brickell City Centre’s two condominium towers, two Class A office buildings, including one almost entirely leased by international law firm,Akerman, and its EAST, MiamiHotel, will also act as anchors for the shopping center, along with a luxury dine-in theater Cinemex.

The condominium, office, and hotel component at Brickell City Centre are set for completion beginning end of 2015.

(http://bit.ly/1MKOH3C) #BrickellCityCentre

Tuesday, October 6, 2015

New Developer Showcase!


Lazaro Lopez - Real Estate Buyer's Agent


1390 Brickell Ave Suite 104 Miami, FL. 33133

Buying, Selling, Investing? Let my Professional Expertise work for you!

New Development Showcase







About me:

I am a Buyer's Agent, specializing in Pre-Construction, Waterfront Luxury Homes and Luxury Condominiums in South Florida.

Specialties

New Construction
Luxury Waterfront Homes
Luxury Waterfront Condominiums.




Friday, September 18, 2015

4 riverfront towers of 58 to 60 stories likely...

Another billion-dollar development is poised to change Miami in a big way and has garnered preliminary approval from city commissioners.

Called simply Miami River, the mixed-use project would bring hotel rooms, apartments, retail stores, restaurants and offices to the southern bank of the river that meanders through the heart of the city.
















The developers promise a big and beautiful public riverwalk and an improved city park, and say the project will connect booming Brickell with historic Little Havana.

City commissioners on Sept. 10 unanimously granted preliminary approval to three ordinances sought by Miami River developers, CG Miami River LLC.

The ordinances would:

•Amend policies of the “Interpretation of the 2020 Future Land Use Map” and “The 2020 Future Land Use Map Series” of the city’s comprehensive plan to establish the Miami River Residential Density Increase Area permitting up to 400 dwellings per acre.

•Allow the area to be master planned for greater integration of public improvements and infrastructure and greater flexibility as part of the Miami River Special Area Plan (SAP).

•Authorize the city manager to enter into a development agreement for the Miami River SAP.

The planning and zoning department recommended approval of all items, allowing Miami River to move forward.

The project promises to bring new life to mostly vacant land just east of I-95. The development is planned for an area bordered on the north by the river, on the south by Southwest Seventh Street, on the west by Southwest Third Avenue, and on the east by Southwest Second Avenue.

Along with its size – four towers 58 to 60 stories tall on 6.2 acres – this project stands out because the City of Miami is a partner.

As part of the proposed Special Area Plan under the Miami 21 zoning code, Jose Marti Park would become a part of Miami River.

That would result in an extension of the riverwalk west and under I-95, and improvements to the city park. A deal struck with CG Miami River LLC also ensures the public riverwalk will be extended east under the Second Avenue Bridge and past neighboring condo tower Latitude on the River.

The proposed SAP consists of a phased project divided into five parts that include 4,181,087 square feet of development consisting of 1,678 residential units, 330 lodging units, 66,541 square feet of office space, 176,350 square feet of commercial uses, 2,376 parking spaces, 17 boat slips, at least 35,964 square feet of civic space and at least 15,175 square feet of open space.

The city’s Urban Development Review Board and the Miami River Commission recommend approval of the large mixed-use project, with conditions.A final vote may come in late October.

(Ref. http://www.miamitodaynews.com/2015/09/15/4-riverfront-towers-of-58-to-60-stories-likely/)

Monday, August 31, 2015

Just Because It’s a Seller’s Market Doesn’t Mean Your Home Will Sell Itself!

It’s a seller’s market in the high season, as everyone knows by now. So if your home is listed, you’re already halfway to the bank, right?


There are plenty of things you should do, and avoid, to make sure you actually make it to closing day, your way.

When properties are moving quickly, if your home doesn’t sell within the first couple of weeks, buyers will start to perceive your home as market-worn, they’ll assume there is an issue with the property and consider themselves in a stronger bargaining position or reject the home altogether.

So if you’re selling your home, don’t just phone it in. Tips on how you can ride the wave—as opposed to getting swept up in it.

1. Price to sell

So many factors can feed in to your initial list price: market inventory, perceived vs. actual value, and others. Sellers often fall victim to the lure of a gigantic payday, thinking the higher the price, the higher their take-home. That is almost never true. In this market, buyers don’t think sellers are negotiating very much. If you overprice it, you’ll lose the sweet spot of the first 45 days on the market. Even if you price it $20K over, instead of making an offer, they’ll move on. Your house will take longer to sell, and you’ll likely end up having to cut the price anyway. The strategy we hear a lot—‘We can always come down in price’—can be a very costly one, understand that nobody wants to leave money on the table, but unfortunately this strategy does exactly that.”

2. Don’t get booed off the stage

Even the nicest, newest homes need TLC, Buyers don’t buy empty, nice, renovated houses and staging makes a house a "home". As awesome as your house may be, it’s your home. Strategic staging offers prospective buyers visual cues to help them picture your house as their home—which can translate to a sale. Some buyers are capable of visualizing, but most are not, most prospective buyers need a little help to imagine themselves in your home. “Stagers have the expertise to make the most out of certain spaces in the home.”

3. Nab them at the curb

The outside of your home is at least as important as the inside. Brown grass, sketchy shrubs, wilting flowers, peeling paint—all those and more can disqualify a home before your prospect walks through the door, You don’t need to redo your entire house, but there are cost-effective improvements you can make that will dramatically enhance the appeal to your property, like a freshly landscaped yard, clean windows, and a tidy house. “The first impression is everything!

4. Choose your agent wisely

For all of the above, Regardless of the type of home and its condition, working in concert with a highly regarded real estate professional that knows their community is key. Your best counselor is a good agent—even if you’ve got the nicest home on the block.

“It’s paramount to hire a Realtor that you like, trust, and respect,” even in a lively market, if you don’t match well with your listing agent, your sale could be adversely affected. Do your homework and due diligence. Selling your home is never a given. You and your Realtor will still need to hustle to land the right buyer!




Sunday, August 30, 2015

New Development in Pinecrest, By GC3 Developments!

Pinecrest Place By GC3 Developments
Location:9600 SW 72nd Ave, Pinecrest, FL, United States
Prices starting from: $ 2,075,000













Friendly faces, sweeping landscapes and invigorating lifestyles come to life in the contemporary coastal community of Pinecrest Place. With a boutique collection of ten single-family homes of one and two stories, inside a tranquil gated neighborhood with expansive half acre lots, one can invigorate in this sanctuary for the senses. Where moments transform into occasions that trickle into everlasting memories.

Property Type:
Single Family Homes
Custom Homes
Amenities
Laundry room
Central heating
Air conditioning
Green areas
Village of Pinecrest

The Village of Pinecrest is ideally located 20 minutes south of Downtown Miami and Miami International Airport. It's also near two major highways, US 1 and the Palmetto Expressway. Home to some of Miami's most refined residents, Pinecrest, as coined by locals, has one of the most beautiful residential areas in South Florida and was recognized in 2011 by the South Florida Business Journal as one of the ten best places in Florida for "quality of life". Full of spacious, lushly landscaped homes, large public parks, excellent schools and expansive verdant green-spaces, Pinecrest is the ideal suburban village for families with children or those planning to grow their family.

GC3 Development
Recognized as one of the Top 20 Building Companies in Miami, GC3 Development is a family operated business that traces back its roots a couple of generations to founder Pedro Garcia-Carrillo and son Michael Garcia-Carrillo. Together they have created a portfolio of over a thousand homes including some of South Florida's most distinguished projects in the last three decades. With a philosophy to, "never compromise on quality or customer service," the team opts to work closely with their clients to ensure a satisfying home buying experience. If your family is ready for a new home, the GC3 family is ready to build.


Friday, August 7, 2015

New train station to connect South Florida to Orlando - WSVN-TV - 7NEWS Miami Ft. Lauderdale News, Weather, Deco

New train station to connect South Florida to Orlando - WSVN-TV - 7NEWS Miami Ft. Lauderdale News, Weather, Deco

Lazaro Lopez PA, TRC

Broker-Associate

Cell: (786) 525-9430
http://www.MiamiPropertyConsultant.com

http://www.LazaroLopez.com

http://www.AventuraPropertiesgroup.com

FIND YOUR NEXT HOME ON LISTINGBOOK!

Enjoy access to Listingbook - real estate's most accurate and comprehensive home search website - and get all of the tools you need in one place to achieve your real estate goals. Listingbook contains deeper and more timely data from the MLS than public real estate sites so that you will always have the best possible information at your fingertips while searching for your new home or selling your old one. Only Listingbook truly lets you "Search Like an Agent".



http://www.listingbook.co/cdn/Share/Listingbook/R6UIS0F

Listingbook provides you with:
•Up-to-the-minute real estate information including: new listings, sold data, local sales, trends and recent price reductions for every residential property in your area
•Advanced lifestyle search options that allow you to search for homes that fit all of your specifications.
•Community and school information and public records data.
•The ability to quickly and easily communicate about specific properties you like or have questions about.
•Daily Morning Reports that let you know of any new search results, property updates, open houses, and much more.
•A mobile app that allows you to search accurate home listings on the go.


Lazaro Lopez
Fortune Int'l Realty
1390 Brickell Ave, Suite 104
Miami, Fl. 33131
(786) 525-9430
http://www.LazaroLopez.com
http://www.MiamiPropertyConsultant.com
http://about.me/lazarolopez

Wednesday, July 29, 2015

When applying for a bank loan, ask these 3 questions

One of the markers of this post-recession, so-called recovery has been the practice of de-leveraging. Across the economy, from consumers to businesses large and small, debt has become something to avoid.

This trend has manifested in a dramatic drop in bank borrowing by small companies.

Indeed, for more than a half decade, survey after survey has shown that less than 5 percent of business owners report that their borrowing requirements have not been met, while the majority say emphatically they don’t want or need a loan. Consequently, there’s a pretty good chance your business hasn’t made a loan request to a bank in a while.


But the economy will eventually kick into an expansion phase, and what has become no less than a de facto moratorium on borrowing won’t last forever. And since most small business growth capital comes from bank loans, even for well-capitalized firms, it’s always good to revisit a few banking relationship fundamentals.

But don’t worry. If you’ve never asked a banker for a loan, or if it’s been a while, getting a bank loan is a lot like the process of qualifying a prospective customer.

For example, you want to know these three things:

1. Who decides?
You have the right to ask who is going to make the decision on your loan. Can your loan officer decide, or will it go to the local loan committee or somewhere else? Why do you care? The more people involved in the loan approval process increases the scrutiny of your deal, which means more questions and more time for you to budget from proposal to answer.

2. What do they need?
Your banker will ask for personal and business financial information. They might accept last year’s business numbers, but they could also ask for an interim report. Depending on the size of your request and your plans for the money, they may ask for a business plan. If the loan is for real estate, a current appraisal will be required.

Don’t give the bank more than they ask for, but give them everything they ask for. Remember, the quicker your banker gets the information, the quicker you’ll get an answer.

3. How do they want it?
Ask your banker what information can be presented verbally and what needs to be in writing, whether hard copy or electronic. Whether you’re borrowing $5,000 for a computer or $5 million to buy out a competitor, knowing as much as you can about the loan approval process will significantly improve your chances of not only getting a quick answer, but a yes.

Write this on a rock
Qualify a bank like you do customers, and be sure to do your homework.

(Ref: http://www.bizjournals.com/southflorida/how-to/growth-strategies/2015/07/when-applying-for-a-bank-loan-ask-these-questions.html?page=all)

Wednesday, July 8, 2015

PARAMOUNT Miami Worldcenter! An iconic luxury urban living experience...

Welcome to PARAMOUNT Miami Worldcenter! An iconic luxury urban living experience, part of one of the two largest private developments in the US territory, with nearly 30 acres!MWC_Aerial


It's time to discover PARAMOUNT! The only residential tower in Miami Worldcenter, the largest most highly anticipated project of the decade that will be THE most exciting and vibrant urban development in the nation. Nearly 30 acres that include world class dining, shopping and entertainment. Surrounded by the Arts and Museum districts as well as The Port of Miami at your doorstep... We proudly bring to you a true city within a city. MIAMI WORLD CENTER IS THE SECOND LARGEST PROJECT IN THE US.. TERRITORY!

PARAMOUNT redefines luxury and fun by creating an environment both sophisticated in design and limitless in excitement and entertainment. You can expect elegant finishes and brand standards such as 10FT ceilings, private elevators, full laundry rooms, dynamic floor plans and dramatic social areas. PARAMOUNT is a true testament to luxury living in a sea of standard and minimalistic design.

For more information, or to schedule a private showing, call: (786) 525-9430.

Lazaro Lopez
Fortune Int'l Realty
1390 Brickell Ave, Suite 104
Miami, Fl. 33131
(786) 525-9430
http://www.LazaroLopez.com
http://www.MiamiPropertyConsultant.com
http://about.me/lazarolopez

Thursday, June 25, 2015

International Sales Dollar Volume Increases as More Upscale Buyers Enter Market!

While total unit sales from international home buyers decreased from last year, total sales dollar volume increased 13 percent, according to the National Association of Realtors® 2015 Profile of Home Buying Activity of International Clients .

For the period of April 2014 through March 2015, total international sales were estimated at $104 billion, compared to the previous year's estimate of $92.2 billion. This represents 8 percent of the total existing-home sales dollar volume.

"In 2014, sales transaction to buyers outside of the U.S. dropped 10 percent, possibly due to the strengthening of the U.S. dollar in relation to international currencies and weakening foreign economies," said NAR Chief Economist Lawrence Yun. "However, the amount of money spent has increased; this means international purchasers in the U.S. have become an upscale group of buyers, spending more money on fewer homes."

In 2014, five countries accounted for 51 percent of all purchases by international buyers: China, Canada, Mexico, India and the United Kingdom. For the first time, buyers from China exceeded all other countries in terms of units purchased and dollar volume, purchasing an estimated $28.6 billion worth of property. Buyers from Canada followed with $11.2 billion in purchases, followed by India with $7.9 billion, Mexico with $4.9 billion and the U.K. with $3.8 billion.


International buyers tend to purchase more expensive properties with the average purchase price being $499,600, compared to the overall U.S. average house price of $255,600. Chinese buyers typically purchased the most expensive properties, at an average price of $831,800.

Thirty-five percent of Realtors® reported working with an international client in 2014, up from 28 percent in 2013. About 46 percent of reported international transactions were intended for primary residences, 20 percent for residential rentals, and 26 percent for investment rentals, vacation homes or both. Global buyers also purchased properties for commercial rentals and as residences for children studying in U.S. educational institutions. Indian buyers were the most likely to purchase a primary residence (79 percent), while Canadian buyers were most likely to purchase property as a vacation home (47 percent).

While international buyer clients purchased property across the nation, four states accounted for half of all international sales: Florida, California, Texas and Arizona. Florida remains the top destination for international buyers, claiming a 21 percent share of all foreign purchases; California comes in second with a 16 percent share, Texas with 8 percent and Arizona with 5 percent. Chinese buyers tended to gravitate towards the West Coast, which provides ample education, business and trade opportunities, while Canadians seeking winter vacation opportunities focused on the Southwest and Florida.

The majority of international purchases (55 percent) were made with all-cash, compared to about 25 percent of all purchases made by domestic buyers. Mortgage financing tends to be an issue for non-resident international clients because of a lack of a U.S. based credit history or Social Security number, difficulties in documenting mortgage requirements, and financial profiles that can be different from those normally submitted to financial institutions by domestic residents.

"Working with a Realtor® gives buyers from across the globe a considerable advantage," said NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark. "Realtors® who have completed NAR's Certified International Property Specialist designation have obtained specialized training and are best prepared to help clients with the unique challenges of being an international property buyer."

Realtor.com® International delivers U.S. residential listings to buyers across the global, as well as listings from international data providers and up to date information about available properties. As NAR's official property website, Realtor.com® increases exposure of U.S. properties to global markets and helps Realtors® grow their global business.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

Thursday, June 11, 2015

Surging U.S. Property Prices Boost Americans’ Home Equity

The housing recovery is giving Americans a boost to their net worth.

Home equity in the first quarter rose to $11.7 trillion, the highest since 2007, according to a Federal Reserve report released Thursday in Washington. Real estate equity accounted for almost 14 percent of households’ net worth, the biggest share since 2008.

A surge in home prices in the past three years is helping Americans rebuild their wealth after the real estate crash stripped more than $5 trillion from household balance sheets, according to Fed data. During the last boom, from 2001 to 2006, equity as a portion of net worth averaged about 20 percent.


“Before the financial crisis, home equity had been the primary wealth-building vehicle for American households, particularly middle-class households,” said Christopher Low, chief economist at financial-products provider FTN Financial. “Even though it’s rising, families already have lost a decade of savings.”

The median U.S. home price has surged 42 percent since the start of the recovery, to $219,400 in April from a 10-year low of $154,600 in January 2012, according to the National Association of Realtors. Home equity is the value of real estate minus mortgages.

Home prices are being helped by the strength of the labor market. About 280,000 jobswere created in May, the most in five months, the Commerce Department said last week. Demand for workers is pushing incomes higher. The median annual household income was $54,578 in April, about 0.6 percent higher than the previous month, according to Sentier Research LLC.

(Ref. http://www.bloomberg.com/news/articles/2015-06-11/surging-u-s-property-prices-boost-americans-home-equity)

Tuesday, May 12, 2015

Hyde Midtown - Deal of the week - Premium Corner unit with Bay Views!

Chic, stylish architecture in the coolest place in town. Feel the pulse of the city vibrate from Hyde Midtown, where luxurious amenities meet the convenience of hotel services at your doorstep - it's everything you need and nothing you don't.










Residence 04 Line with views to Biscayne Bay & Miami Skyline.

Best Deals:

804 $639,900

1104 $665,900

2104 $735,900

2604 $760,900

Residences from the $300's.

Call (786) 525-9430 to get prices, information and set an appointment to learn more about Hyde Midtown.



Wednesday, April 29, 2015

Miami’s Cash Buyers Represent More than Twice the National Average!

Cash deals represented 54.2 percent of Miami's total closed sales in March 2015, down from 60.5 percent in March 2014. Nationally, just 24 percent of all national housing transactions are m ade in cash. Since 82 percent of foreign buyers in Florida purchase properties all cash, Miami's high percentage of cash buyers continues to reflect South Florida's ability to attract international buyers.


The Miami real estate market, one of the most popular in the nation with international and domestic buyers, continued to gain momentum in March, as single-family home transactions registered double-digit growth year-over-year and existing condominium sales rose despite an increase in new condo construction, according to a new report by the 35,000-member MIAMI Association of REALTORS® (MIAMI) and the local Multiple Listing Service (MLS) system.

Pending home sales in March continued their recent momentum, rising for the third straight month and remaining at their highest level since June 2013, according to the National Association of Realtors®.

(Source: http://miamire.com/miami-news/2015/04/22/miami-residential-sales-prices-continue-upward-trend-in-march)


Wednesday, April 15, 2015

Wow! Paraiso Bayviews unveils its Penthouse Collection!


Paraiso Bayviews is excited to unveil its Penthouse Collection! Located between the 41st and 44th floors, these penthouses will boast spectacular views within spacious residences up to 4 bedrooms, have 10 ft. ceilings, and sprawling terraces. This is fabulous opportunity to own a penthouse in the most sought-after luxury community in Edgewater...












Some of the Luxurious Penthouses Available:

UNIT RESIDENCE TYPE PRICE UNIT DESCRIPTION SQ.FT.
PH 4101 PH-NORTH $ 1,639,900.00 4 BEDROOMS + DEN / 4 BATHS 2522
PH 4302 PH-EAST $ 1,674,900.00 4 BEDROOMS / 4 BATHS 2551
PH 4203 PH-EAST $ 1,472,900.00 4 BEDROOMS / 4 BATHS 2020
PH 4104 PH-SW $ 760,900.00 1 BEDROOM + DEN / 1.5 BATHS 1152
PH 4105 PH-WEST $ 618,900.00 2 BEDROOM + DEN / 2 BATHS 1019
PH 4206 PH-WEST $ 628,900.00 2 BEDROOM / 2 BATHS 1094
(Pricing and Availability subject to change)

Payment Structure:

(Tentative and subject to change)

20% now at Contract
10% at Groundbreaking, May 2015
10% at 10th Floor, October 2015
10% Top-off, May 2016
50% at Closing, May 2017
PROPERTY FEATURES:

44-story residential tower designed by Arquitectonica
396 designer units with fabulous views of Biscayne Bay
Prices starting at $340k, with retail on the ground floor
Units delivered move-in ready, with flooring included
Sophisticated lobby with permanent art installation
AMENITIES:

Incredible list of amenities on the 9th floor, including a state-of-the-art gym, 75 ft sunset pool, tennis courts, bbqs, gardens and business center
An exclusive 44th-floor Roof-top Club with luxurious spa and infinity pool, plus private treatment pools and jacuzzis
Memberships to Michael Schwartz Beach Club and Restaurant
Marina with water sports activities and available boat slips
*3000 sqft social event space*


If you want to join me for a Private Showing, call me directly at
(786) 525-9430 for more information.


Friday, April 10, 2015

Florida leads in all-cash home purchases!


Cash buyers still make up a large percentage of the home sales market, but their grip has slipped for at least two consecutive years now, data provider CoreLogic reported on Thursday.








The company's analysis showed that 38.9 percent of buyers nationwide were all-cash transactions during January. That compared with 41.4 percent during the same month last year.

Florida, which is seeing a resurgence of baby boomer retirees buying as the housing market and general economy have healed, saw 56 percent of sales occur through cash-only transactions -- higher than any other state, the CoreLogic data showed.

The only other state approaching Florida's tally was Alabama, with 55 percent. In the North Port-Sarasota-Bradenton market, by CoreLogic’s measure, 56.33 percent of buyers were cash only during January, down about 5.2 percent from the same month in 2014.

In the Miami-Miami Beach-Kendall market -- one of the top 25 metros that CoreLogic tracked in its report -- 59 percent of sales were cash. That was down about 7 percent year-over-year but still the highest of any of the top metros.

The Tampa-St. Petersburg-Clearwater market was 48.8 percent cash transactions during January, down about 8.9 percent from a year ago in January.

Nationally, the year-over-year share has fallen each month since January 2013.

Month-over-month, the cash sales share increased by 3.2 percentage points, which is typical in the month of January, CoreLogic said.

"The cash sales share peak occurred in January 2011, when cash transactions made up 46.5 percent of total home sales in the U.S.," CoreLogic said. "Prior to the housing crisis, the cash sales share of total home sales averaged approximately 25 percent.

"Should the cash sales share continue to fall at the same rate that it did in January 2015, the share should decrease to 25 percent in mid-2018," the company said.

(Ref: http://www.heraldtribune.com/article/20150409/ARTICLE/150409690/2107/BUSINESS?Title=Florida-leads-in-all-cash-home-purchases)

Thursday, April 9, 2015

Pending Sales Rise 3.1 Percent, Inventory Remains a Concern

Miami Beach Real Estate Market Activity For The 1st Quarter Of 2015

What does 2015 have in store for the Miami Beach real estate market? Is 2015 a good time to buy or sell a Miami Beach condo or a Miami Beach single-family home? Is it still a good time to buy or sell Miami Beach real estate? These are the questions we receive every day, and they are important questions to buyers and sellers.


Maybe you have to sell because you are moving to another state or you want to buy because you need more space. Life usually takes precedence over market statistics, but buyers and sellers never want to buy or sell in a market where they don’t feel like they have an “advantage”. Unfortunately, that’s not always easy to do or predict. However, with a good grasp on the market we can always give you the best advice on buying or selling at this current time.

Now, let’s move on to the Miami Beach real estate market activity.

Below are two tables comparing the activities for the first quarter of 2015, the last quarter of 2014 and the first quarter of 2014. The first table shows the Miami Beach condo activity and the second Miami Beach single-family activity.

These tables represent the numbers for the entire Miami Beach neighborhood. It is important to note that the data is generated from our local MLS database. If there are any pre-construction properties, the bulk would not be displayed with these results as the developers don’t usually post the fully closed data in the MLS. Although they will eventually be published in the local tax records. These numbers will change based on different areas of Miami Beach, for instance waterfront homes, direct ocean front condos and pre-construction properties.

Miami Beach Market Condos:





Single -family homes sales are down 7% from the 1st quarter of year 2015 in comparison to the 1st quarter of 2014. The average sales price also declined from around 21%, but the average sales price per square foot is about the same. The median sales price increased from $1,340,000 to $1,505,000.

There are currently 318 active single family homes on the market and 64 under contract. This year will be interesting too as there are new listings on the market with price tags like $74 million at over $7600 per square foot.

See what single-family homes are available for sale in Miami Beach today

The compilation of listing and market data information is provided by our local MLS system Miami Association of REALTOR(R) ®s and other closed tax data provided by use from our local MLS resources. All information provided is deemed reliable but is not guaranteed and should be independently verified. I am human and errors can occur, if you note something off, let me know so I can check into it.










Wednesday, March 25, 2015

New Development, Aria on the Bay!

Aria on the Bay

Location
1770 N Bayshore Dr. Miami, FL 33132












Status
To be completed by 1st trimester of 2017

Features

53 Floors 647 Residential Units Units of 1 to 3 bedrooms including Den Semi private elevator and private foyer Floor to ceiling windows 5 to 10 feet deep balcony 2 curved sunrise/sunset pools.

Aria on the Bay marks the next generation of luxury residential high-rise development for Miami. From its enviable location, residents can enjoy immediate access to the neighboring Adrienne Arsht Center for Performing Arts and Arts & Science Museums as well as Miami World Resort for shopping and entertainment along with a variety of dining options and boutiques. Within just 10 minutes one can be enjoying pristine beaches of South Beach, Brickell’s financial district, Design District, Wynwood, Midtown, Coconut Grove and Coral Gables.

For a Private Showing, call me directly at (786) 525-9430.

LAZARO LOPEZ, PA
1390 Brickell Ave. Suite 104
Miami FL. 33133
Tel. (786) 525-9430
Http://www.LazaroLopez.com
Http://www.MiamiPropertyConsultant.com




Tuesday, March 17, 2015

PARAISO BAYVIEWS: Spacious 2 Bedrooms Starting at $510K

Spectacular Bay views at Paraiso Bayviews. absolutely spectacular. The city views are no exception. Spacious 2 bedroom units allow residents to enjoy a fabulous unobstructed city skyline accompanied by a magnificent sunset, and still take advantage of all the amenities that come with living on the water!


Be part of Edgewater’s exclusive new community, with over 1000 lft of waterfront, lush parks and great outdoor spaces!

PROPERTY FEATURES:
•44-story residential tower designed by Arquitectonica
•396 designer units with fabulous views of Biscayne Bay
•Prices starting at $340k, with retail on the ground floor
•Units delivered move-in ready, with flooring included
•Sophisticated lobby with permanent art installation



AMENITIES:
•Incredible list of amenities on the 9th floor, including a state-of-the-art gym, 75 ft sunset pool, tennis courts, bbqs, gardens and business center
•An exclusive 44th-floor Roof-top Club with luxurious spa and infinity pool, plus private treatment pools and jacuzzis
•Memberships to Michael Schwartz Beach Club and Restaurant
•Marina with water sports activities and available boat slips
•3000 sqft social event space.

Payment Structure:

(Tentative and subject to change)
•20% now at Contract
•10% at Groundbreaking, May 2015
•10% at 10th Floor, October 2015
•10% Top-off, May 2016
•50% at Closing, May 2017

For more information, Call me directly (786) 525-9430.





Thursday, March 5, 2015

SeaVault on the Miami River to include slips, captain and crew quarters

SeaVault on the Miami River to include slips, captain and crew quarters


SeaVault, an all-in-one marina and captain and crew quarters, received its approval for an updated proposal at a Miami River Commission meeting this week. Property owner and developer Homero Meruelo wants to build 14 private, covered slips — all of which will have their own three-level captain and crew quarters. The facility, at 583 Northwest 24th Avenue, will reportedly include a pool, clubhouse, tennis court, cold storage building and private parking. The plan calls for a Kallwal roof system, which allows natural light, Miami Today reported. “This will allow working during the day without the necessity of extensive artificial lighting,” Meruelo’s representative, Tony Rodriguez-Tellaheche said at the meeting, according to the newspaper. Slips will range from 35-by-150 feet to 50-by-230 feet. “I know of no other facility in the world where the owner and captain, as well as the crew, can stand behind a two-story glass wall inside their quarters and look right at their vessel, all under the same roof,” Meruelo’s representative Tony Rodriguez-Tellaheche said at the meeting. Miami-based Bermello, Ajamil & Partners, which has worked on the Northwest 12th Avenue Miami River Bridge project, and drawbridge projects for the Venetian Causeway and 79th Street Causeway, is the architect. SeaVault’s developer is aiming for construction to begin early next year. The river commission approved the first plan for the project in March 2014. The Miami River has become a hotspot for developers embracing the river lifestyle. Portions of River Landing, a massive nine-acre development that will include apartments, retail and a linear park along the riverwalk, will begin opening in 2017. [Miami Today] — Katherine Kallergis - See more at: http://therealdeal.com/miami/blog/2015/03/05/seavault-on-the-miami-river-to-include-slips-captain-and-crew-quarters/#sthash.z7IqSVp6.dpuf















































- See more at: http://therealdeal.com/miami/blog/2015/03/05/seavault-on-the-miami-river-to-include-slips-captain-and-crew-quarters/#sthash.z7IqSVp6.dpuf

Friday, February 27, 2015

Two Star Island homes to come before Miami Beach review board

Two homes on exclusive Star Island in Miami Beach have uncertain futures: One owner is planning demolition, while the other wants to move his home. Both want to make way for brand new mansions.



Shay Kostiner is the owner of 44 Star Island Drive, a 7,000-square-foot mansion that was once owned by John Levi, a former mayor of Miami Beach and friend of pioneer Carl Fisher. Kostiner purchased the property in 2010 for $7.25 million.

Preservationists are upset about Kostiner’s plan to replace the home with a futuristic 24,000-square-foot mansion and have started a petition online to save the 1923 home, a publication reported.

The owner of 22 Star Island Drive, however, has reversed his plans to raze his home and instead wants to rotate it on his property, the Miami Herald reported.

Lennar CEO Stuart Miller wants to build a new 20,000-square-foot mansion in the newly created space, the newspaper reported.

The design review board will discuss these plans during its meeting Tuesday morning at Miami Beach City Hall. [Miami Herald] — Sean Stewart-Muniz

(See more at: http://therealdeal.com/miami/blog/2015/02/27/two-star-island-homes-to-come-before-review-board/#sthash.l34SnbAg.dpuf)

Tuesday, February 17, 2015

Panorama Tower is to rise 83 stories in the heart of Brickell.

The tallest residential building on the East Coast this side of New York, Panorama Tower is to rise 83 stories in the heart of Brickell.



It is a source of pride for developer Tibor Hollo and his Florida East Coast Realty.

On a clear night, those living in the upper levels of Panorama will be able to see the lights of Bimini, according to Dean Warhaft, vice president/development coordinator for the company.

Foundation work began in June 2014. The project is to bring a mix of hotel rooms, luxury apartments, office space and restaurants to Brickell Avenue.

“It’s actually a little bit ahead of schedule now and we’re going to keep pushing to stay ahead of schedule,” Mr. Warhaft told Miami Today this week.

“We will be complete with the foundation and out of the ground late February, early March,” he said. The steel goes skyward at that point.

“What we’ll do, once the foundation is poured, is go immediately to the second and third floor,” he said, noting that it is typical for the first floor to remain open for access while top floors are built and finished. This assists in the location of connections and utilities, he said.

The company anticipates completion around the third quarter of 2017, he said.

“That keeps us three months ahead of the schedule that the city has for the project,” said Mr. Warhaft.

Panorama Tower is expected to cost more than $800 million. The project has the distinction of being the first accepted by the City of Miami EB-5 Regional Center to take advantage of the foreign investment program.

The building’s 19-story pedestal is to include more than 100,000 square feet of medically oriented office space with a teaching facility. Underneath the medical facility is to be a 2,000-car parking garage. Lining the garage to the east on Brickell Bay Drive is to be a 208-room hotel.

Asked what hotel will make its home at Panorama, Mr. Warhaft said he couldn’t reveal the name just yet.

“We are in the final steps of negotiating the lease. It’s gone back and forth and we’re just about ready to have them sign on the dotted line,” he said.

Both the ground floor and second level of the pedestal are to include more than 50,000 square feet of high-end retail outlets and restaurant space.

Directly atop the pedestal will be the recreation deck, which is to offer two social rooms, a cardio room with more than 100 exercise machines, weight room and fitness area, spa and steam room, spinning/training studio, and a serenity pool, recreational pool and lap pool. The pedestal is also to offer interactive water features, sundeck areas and a pool deck restaurant.

Under the recreation deck, the pedestal is also to have a children’s playroom, home theater with seating for 80 people, two interactive cyber rooms, music room, billiard room, wine cellar and a kennel featuring both daycare services and overnight boarding for pets.

Above the pedestal is planned the residential tower, consisting of 64 stories and 821 luxury rental apartments.

The 48th level of the tower is to serve as an intermediate mechanical level in the center portion, while the ends of that floor will be home to one of the most well-known Latin American restaurants/clubs, the company said.

A name for this restaurant has not yet been chosen, said Mr. Warhaft, but he said the food will be Peruvian cuisine.

Having the tallest building in the city is a bragging point, Mr. Warhaft admitted. And while there are other proposed projects shooting for 1,000 feet or higher, “until they break ground, we’ll be the tallest in the skyline,” he said.

The original plan for the tower was a skyscraper reaching 849 feet, he said. The current Federal Aviation Administration approval is for 830 feet, Mr. Warhaft said, “[but] we plan to go back to get the 19 feet back.”

The better to see Bimini with.

(Ref:http://www.miamitodaynews.com/2015/01/21/83-story-tower-coming-ground/)

Wednesday, February 4, 2015

How to Sell a Business, The Business-for-Sale Process.



The Business For Sale Process. Over the next decade, six out of ten U.S. business owners plan to sell their companies - a noticeable increase over previous years. Many are baby-boomers, with an eye on selling their businesses to fund their retirement and as a result sale preparation and exit strategy are high priorities.
Start taking steps today to prepare your business for sale so you can maximize your long-term value and create a more profitable company. Small business owners have many different reasons for selling their companies. For some, a business sale is the logical conclusion of a long and successful entrepreneurial career. But for the others, the sale may be motivated by a personal or family crisis, a new business opportunity or an unexpected change in business conditions.

When selling a business, it's critical to get the asking price right. Set it too high and you won't get any buyer interest. Set it too low and you'll leave money on the table. So when you set a price for your company make sure that every penny of company value has been accounted for while also remaining realistic.

It is a great feeling to receive interest from potential buyers when selling a business. Let's face it???selling a business independently can be a lot of hard work and a major time commitment, and when people show interest in what you are selling it can translate into a quick, painless sale. Any owner can put a business on the market, but selling successfully is another story. With thousands of dollars hanging in the balance, today's do-it-yourself sellers need to learn the fine art of negotiation before it's too late.

Once you and your business buyer negotiate the fine points of a deal, it's time to schedule the sale closing. A few easy steps will help you lay out what you need to do in advance, during, and immediately following the big day. Get our comprehensive pre-closing checklist of important tasks.

Thursday, January 29, 2015

Miami to reach new heights with foreign investors!

Developers are hunting for investors to fund what could become Miami's tallest buildings using a federal immigration program that essentially swaps visas for cash.

SkyRise Miami, a proposed tourist attraction that will reach 1,000 feet into the sky, seeks as much at $270 million from foreign investors using the EB-5 program.





Panorama-Tower; The Panorama Tower, an 82-story mixed-use project, seeks up to $160 million.

Both structures, which are slated for completion in 2017, would dwarf Miami's tallest building – the 64-story Four Seasons Hotel & Tower in the Brickell district, completed in 2003

An 830-foot skyscraper now under construction will be the first to join Miami's regional center immigration program intended to attract foreign investors to the United States.

Tibor Hollo's 83-story Panorama Tower at 1101 Brickell Ave. is the first project approved under the EB-5 regional center designation from U.S. Citizen and Immigration Services. Set to rise on the largest parcel in the heart of Brickell, Panorama Tower will be the tallest residential building on the East Coast south of New York. It's set for completion by the second quarter of 2017.

The tower is the first project under CIS' newly designated City of Miami EB-5 regional center, which covers Miami-Dade to Palm Beach counties and is the first city-owned, managed and operated regional center in the United States.

The program is governed by a special federal immigrant visa system that awards residency to foreign applicants who invest at least $500,000 to $1 million in U.S. projects that create at least 10 full-time jobs.

Friday, January 16, 2015

Interest rates are almost certain to rise in 2015.

Interest rates are almost certain to rise in 2015.


What will drive interest rates higher? The Fed is signaling that the third round of quantitative easing is coming to a close and that a short-term fund rate hike is inevitable.
•Chief Economist for N.A.R., Mr. Lawrence Yun believes interest rates for 30-year fixed mortgages will increase to 5%, possibly as early as the spring. He also thinks interest rates will rise another 1% by the end of 2016 to a 6% level.
•Both Freddie Mac and the Mortgage Banker’s Association forecast the 30-year fixed rate to reach 5% by the end of 2015.
•Dr. Bill Conerly, a well-known economist, sees interest rates climbing even further, to perhaps as much as 6% by the end of 2015.

Tip: If you’re contemplating on purchasing a new property, and are on the fence , this information is critical, so you can lock in a loan at historically low interest rates.

Tuesday, January 13, 2015

Remaining Penthouses in One Paraiso & Paraiso Bay Tower I

Paraiso Bay
Location: 600 NE 31st St, Miami, FL 33137, United States
Call me directly at (786) 525-9430 to schedule a private showing.













Paraiso Bay is an exquisite residential private community with striking architecture that soars into the sky. Spacious residences with breathtaking views over Biscayne Bay and the city skyline. Secure gates lead its residents into this private oasis with acres of lush and beautifully landscaped gardens. Private elevators give access to expertly designed residences. A rich array of unparalleled indoor and outdoor amenities such as tennis courts, swimming pools, playgrounds, state-of-the-art fitness center, marina, and bayfront park.

-Residential Features: Over-sized terraces and stunning bay views. Private elevators. Foyers in each residence. Multifaceted glass railing balconies featured in all residences.

Building Features
2 acre elevated pool deck. 1,000 ft. of frontage facing the bay with 3 piers for boating Acqua Club. 100 ft. diameter pool "Lagoon" waterfront with cabanas and BBQ grills. Pool level cafe. State of the art gym, Spa. Event space. Cinema. 2 tennis courts. 3 towers of approximately 350 units and 55 floors per building. 6 floors of PH. Unparalleled water-front views. Private elevators. Exceptional common areas, Waterfront Park.

Saturday, January 10, 2015

NINE at Mary Brickell Village, 1 Bedroom / 1 Bath Units from $432,278 ($496.87 p.p.sq.ft)

NINE at Mary Brickell Village, 1 Bedroom / 1 Bath Units from $432,278 ($496.87 p.p.sq.ft)


Location: 999 SW 1st Ave, Brickell, Miami, FL, United States 33130
http://www.proxioshowcase.com/subscriptions/29895

A premier luxury condominium that embodies the vibrant soul of Miami, Nine aims at becoming an iconic residence for the thriving neighborhood of Mary Brickell Village. Standing as the only residential tower in Mary Brickell Village, Nine residents will enjoy extensive personal services and expansive indoor and outdoor amenities.
Property Type
Residential High-rise
Amenities
Dressing Room
Handicapped accessible
Security
Air Conditioning
Central Heating
Spa
Dry cleaners
Security System
Terrace
Swimming Pool
Elevator
Gym
Network Installation
Jacuzzi
Incomparable Outdoor Amenities
Located on the 11th floor, Nine’s extraordinary one-acre private park has been designed as a series of linked terraces offering intimate views of Mary Brickell Village, as well as inspiring views of the Brickell skyline and Biscayne Bay. Pool Terrace with expansive resort-style swimming pool, chaise lounges, and intimate cabanas for lounging or poolside massage therapy. Dining Terrace with two oversized barbecue grills, canopied tables, and a fire pit with water feature. Lounge Terrace with living room-style seating areas, private lounge nooks, and a central fire pit. Secret Zen Garden with lushly landscaped walking paths, intimate seating areas, and dining tables.

Brilliant Building Features
4-floor luxury condominium tower with 390 one to three-bedroom residences. Private landscaped porte-cochere entrance with valet parking. Secure, multi-level parking garage. State-of-the-art electronic access system for all amenity spaces. 24/7 security with video surveillance. Pet-friendly services and amenities. Conveniently located adjacent to the Brickell Metromover and Metrorail stations. Direct private elevator access from the lobby and the pool terrace to The Shops at Mary Brickell Village.