The Real Estate Mango

Archive for May, 2009

Over 800 Great Properties in Aventura Priced Between $250k and $350k

                            

These are some great properties you can buy between $250K and 350K

1.   Harbor Towers 3600 Yacht Club Drive 2 bedrooms, 2 bathrooms, Waterfront $350k
2.   Turnberry on the Green 19501 West Country Club Drive, 2 bedrooms, 2 bathrooms $350k
3.   Marina Tower of Turnberry 19500 Turnberry Way  2 bedrooms, 2 bathrooms $349k
4.   Village by the Bay 3145N.E. 184 Street 2 bedrooms, 2 bathrooms $287,200
5.   Oceania III 16485 Collins Avenue one bedroom, 2 bathrooms $280k 

And remember, there are hundreds more in this price range.  There has never been a better time than now to buy and live in Aventura.

The finest buildings in the best locations have affordable apartments available.  Call me today to see some beautiful properties with gorgeous views.  The graph, below, shows how the inventory of properties in this price range have been shrinking in the past few months as buyers have been taking advantage of these terrific opportunities.

Afraid You Will Never Sell? 4 Surefire Ways to Make a Sale in Aventura, FL

 Here are the guaranteed ways to get out of your home:

 

Price It Right!

Study those homes for sale that are similar to yours…see how your house compares…then price it below the lowest price of a home  that is similar to yours.  For instance,if you have a townhome in Aventura, four bedrooms, two bathrooms,2500 sq. ft. no waterfront the latest home sold at $490k.  That is a price you could ask.  If you decide to ask 100k more, you will be disappointed, no one will come and you will feel hopeless.

Clean It Up! 

Empty everything in the garage.  Clean the floor…paint it.  Take all extraneous things out of each room.  Wash the windows  Clean all kitchen counters. Bake cinnamon during a showing.  There are some excellent cleaning services available.  Squeaky Clean comes to mind 786 399 3950.  Carpeting cleaning services like Keenes Carpet Cleaning 305 545 8500. 

Dress It Up! 

Add some fresh flowers.  Put slipcovers on old sofas.  Make the beds with new covers. Call in a staging company.  They can make a huge difference for very little money. Hire a consultant and get one hours worth of advice.

Market It With An Expert Realtor!!  

Realtors with experience in all markets are important.  Hire one and take her advice!!

Homes in Aventura are beautiful but they have to be priced to sell in the market of 2009. 
Call me today for an opinion of value…

Key to Recovery in Aventura Real Estate?

It’s not my imagination…sellers in the Aventura, Miami Dade area, resist putting their homes on the market at prices that would sell.  A great percentage believe that by waiting prices will increase or at the very least stabilize.Only  49% believe their homes lost value in the last year when in fact 70% lost value.

In other states throughout the country the real estate market is showing more signs of life as sellers become more realistic in their pricing and offer their homes to buyers looking for greater value.

In South Florida, where the real estate market took a tremendous fall, sellers are reluctant to face the truth and properties are still being priced  close to what they were selling for in 2005.

CHANGE IN AVENTURA REAL ESTATE

When sellers adjust to the new reality in 2009, we will see activity and sales will result.  When realtors explain the pricing in this market, sellers should listen.  This is the key to selling.  Homeowners have been reluctant to put their homes on the market, waiting for prices to go back but this will not happen, now. 

The informed seller will put his home on the market at a price that will sell.

If you have been holding off selling, please contact me for the latest information and opinion of value for your property.

Beautiful Development…The Point Of Aventura

Yesterday, I couldn’t resist the impulse to photograph the beauty of  The Point of Aventura, a five building enclave on the intracoastal with a famous, world class spa, glorious views, exquisity finishes and an incredibly lovely courtyard homes lining the property on the west side.

There are some great values here with prices starting as low as $449k all the way past $1.5 million.  The Point offers a lot for the money with large apartments and luxuriously landscaped common areas.  All this and steps away from the Waterways Harbor where boat slips are  available.

Call me to see The Point properties.

Great News For The Aventura Real Estate Market

The Florida Legislature passed $30.1 million for down payment assistance for those who qualify for the federal first-time homebuyers tax credit.  Beginning July 1, these first time buyers will be able to apply for down payment assistance in advance of closing and then repay the amount borrowed when they get their tax refund.

This is great stuff when you think of all the terrific buys there are in Aventura, both because of foreclosures and price reductions and large inventories.  First time homebuyers have a wealth of properties to choose from.  This may be the absolute best time to buy that home.

Call me for tips on great buys in Aventura.

Senator Charlie Crist?

Everything can’t be about real estate, right?  Or can it?  My major concern when Gov. Crist became governor was to see property taxes reduced in Florida, especially in south Florida where the enormous taxes are a deterent to many potential buyers.  Now that he has announced his plans to run for Congress, we will be faced with different choices for governor.  I hope whoever he or she is, will address the property tax issue, again, in our state.

Although taxes were reduced somewhat, they were not reduced to a point where owning a home in south Florida was comfortable for many people.  Aventura property taxes are high.  The cost of living in a home with the added cost of insurance makes it an expensive proposition.

Hopefully, the next time around, we will have property taxes reduced even further.  However, services and schools suffer when there isn’t enough revenue.  It’s my opinion that someday a state income tax should be considered.  It would give us a base for better schools, health facilities and help for the disadvantaged.

Wandering Around Aventura

I just had to show you how gorgeous Aventura looked on a sunny day.  Enjoy!

Sites Around Aventura

Here are some of the best reasons to live in Aventura.  Click here  to see the beauty all around town.  It is such a beautiful place to live.

Not only is the scenery breathtaking but there is recreation, shopping, yachting, swimming and golf.   The Turnberry Golf Course is one of the most famous in the world and has just completed a multimillion dollar renovation!

Even the hotels in Aventura are famous like the Fairmont on Country Club Drive, right on the Turnberry Golf Course.

Make Aventura your destination.

Facts and Trends for Aventura Real Estate

I thought it would be good to give you a graphic picture of how the inventory of all properties in Aventura has been shrinking.   Inventories are down by 22% since 2008 and we can see a 173% increase in sales since 2008.

As of March 2009, we have 82 pended sales, meaning 82 properties were contracted and we are waiting for the sale.

The less inventory we have, the more stable will be the prices.

Since March of 2008 until March 2009 we have a trend as follows:  Average price asked for $528k, average price sold was $432k.  In March 2009, average price asked was $499 and average price sold was $296.

Conclusion…we are still seeing prices falling and the good news is that more people are buying and as the inventory shrinks, we should see a reversal.

For more information write please contact me.

Is Now The Time To Buy Aventura Real Estate?

When Warren Buffet met with his shareholders in Omaha, Nebraska, last week, he spoke about many things but the one thing that interested me was his take on real estate.

He believes that the government plans to help the economy are good and necessary but that it will ultimately, cause inflation.  Inflation is good for real estate because, as Warren Buffet, said a family puts down 20% and finances the rest for 30 years, that payment will remain the same even though the family’s income will rise.  This will enable the family to invest, buy needed goods and services and have a higher standard of living.

On the other hand, if that same family rents, everything changes.  In inflationary times, rents start to soar, any increase in income can be eaten by the increased cost of housing and there is no protection against inflation.

He is not the only one telling people to buy real estate, now.  Donald Trump also has been expounding the virtues of buying now.  When interviewed, he has been saying that the values that he sees haven’t been here before and may not be here again.

There are 52 foreclosures in Aventura.  Call to see some!!