 |
 |
|
November 2007
|
|
| |
Happy Thanksgiving to all of you.
Do you know
the history behind this holiday?
It is the celebration of the end of the first
harvest of the
pilgrims back in 1621 in Massachussetts. In
the United States it is the most celebrated
holiday. All families gather and eat turkey,
sweet potatoes, gravy, corn and pumpkin
pie.
Going back to real estate,
4 interesting subjects this month:
- Europeans READ THIS
- Are there too many units on the market?
- Who understands the tax reform?
- Deal of the month: 4 bedrooms dropped
16% in South beach pre-foreclosure
|
|
 |
Europeans : 46% DISCOUNT on every purchase ! |
|
|
|
|
When do you expect this to happen again?
How long do you think the European market
can sustain a high Euro?
Did you know that the USA will elect a new
president in 2008?
It is time to invest in the US right now.
Let me give you some examples:
Murano Grande:
188 m2 /3 bed:$1,500,000/Euro
1,000,000
Click here for additional units: Murano
Grande
Yacht Club
Penthouse unit/ 69m2/1 bed: $430,000/Euro
290,000
Click here for additional units:
Yacht
Club
200 Ocean Drive
Ocean view 125m2 /2 bed/ / $1,150,000/Euro
777,000
Click here for additional units
200 Ocean
Drive
|
|
Buyers can choose their appartment |
|
|
|
|
Who remembers 2 -3 years ago when buyers
had to decide on making an offer in the next 2
hours after the apartment was on the market?
No time to think about it or it was gone. Yes
these years were called the great years.
Wait a minute, would you like to buy a
$1M unit
in an hour and being able to choose only
between 2 of them?
No and that's over. It's a Buyer's Market now.
Buyers have the time to visit, visit
again and visit a third time if they want before
making their offer. They also have the
possibility of visiting different lines in a condo
to elect which one they prefer. If 2-3 years ago
the times were called great, I would then say
they are GOLDEN now.
This graph show you the sales in 2007 as well
as the availibility nowadays.
As you can see, the volume
of sales has been down in South beach.
Be careful,this doesn't mean that prices have
decreased. Sellers are holding on to their
investments or renting them out.
Nevertheless it means that as a buyer you
have
plenty of units to choose from.
To get an idea of the availibilities click here:
Best Deals
|
|
Property Tax Reform: The whole story |
|
|
|
|
This reform has many aspects and many steps
to it. It's goal is to lower Florida Property taxes
which have been through the roof in the past
few years.
1. Some changes are already underway.
These changes are for investors as well as full
time residents. Most local governements have
to reduce total property tax revenues by 1 to
10%. It also provides a cap limiting what
governments can collect from property
taxes.
2. The Second phase is planned for 2008 only
if the voters approve the referendum to
increase the homestead exemption.
This part of the law would not apply for second
homes and investments. This law will give an
opportunity to homestead owners to choose
between keeping the protection they already
have called Save our Home or opt for a Super
Exemption. New home owner would have only
the option for the Super Exemption.
The Save our Home is a protection that caps
the increase of the taxes to 3% per year.
The Super Exemption is more complicated.
The first $200,000 of value would get a 75%
exemption, then the property values between
$300,000 and $500,000 would get an
additional 15%. Homes valued at $500,000
and up would get a maximum of $195,000
exemption.
|
|
Deal of the Month: Pre-Foreclosure South Pointe 4 bedrooms |
|
|
|
|
- The Courts: 100 Meridian Avenue, South
beach
- 4 bedrooms
- 2439 sqft
- Huge Terrace
- South Exposure
- Maintenance fees: $929/month
|
| |
 |
|
Contact Information
Cell:
305 491 5583
|
|
|
