The Real Estate Mango

Archive for the 'Buying' Category

COMMODITY PRICES ARE GOING UP AND THIS WILL AFFECT PRICES ON EVERYTHING WE USE

If commodity prices are climbing and imports are more expensive coming into this country, how will this affect us?  Food, appliances, cars, clothes, everything manufactured is affected by increases in commodities.

According to an article in the New York Times today, prices of many commodities that are used in all sorts of products are going up.  These include cotton, copper, corn and many others. (when yu click on the link, go to Todays Paper and scroll down to the article “Consumer Prices on Most Goods”)

How does this affect us?  Well, for one, food prices are climbing now and will continue to go up.  household appliances will go up.  Prices were climbing all year but manufacturers were absorbing the increases so that sales would not lag.  But after months of seeing their profits slide, many manufacturers and retailers are deciding to raise prices,

So, if you were thinking of buying a new washing machine or redoing your kitchen, now is the time to buy.  Now and into the spring, you should see sales offered at many major outlets.  Now is the time to buy.

On a related subject, interest rates are slowly going up.  You will miss the 4% Interest rate if you don’t act quickly.  There are good mortgages available, now.  There are still great buys in condos and single family homes out there….

Call me now to see the great inventory  available for sale.    

Beware the Ides Of March … Caution for Aventura Real Estate

What better time than today, the middle of March to give advice to homeowners in Aventura and elsewhere in south Florida.

• Advice for Buyers….Now is the best time to buy in a decade or more.   Interest rates are low but they will be rising soon.  All indications are that banks see a rise in the very near future
• Advice for Buyers…..PRICES ARE VERY LOW…THE LOWEST IN TEN YEARS…Take advantage of the terrific deals available.
• Advice for Sellers…. Your asking price should be very realistic and should be slightly below the last sale.  Prices are not going up.  They are still going down and when the foreclosures reach the market in a few months, prices will go even lower.
• Advice for Sellers….Dress your home for success.  Remove all unnecessary personal items.  Remove all unnecessary furniture and accessories that hide the true character and form of your home.  REMEMBER….buyers want to visualize themselves in the space.  They need to see the space
• Advice for Sellers…Live in the present.  Yesterday’s prices are just that.  They may not come back for many years.  They are best forgotten

If these rules are taken seriously, the market will move.  Sales will increase and the activity will give health and vitality to the real estate market place.

I have seen townhomes sell in one month when priced right in the Waterways in Aventura.  The townhomes that are overpriced have been on the market for a year or more with no activity. 

Take a look at the properties on my site and call today to see these great homes.

Large and Gorgeous Apartments With Great Views In Aventura

Sometimes buyers think that Aventura doesn’t have great views because we are not on the Ocean side.  This is certainly not true.

At the moment there are 9 fabulous apartments at Atlantic III at THE POINT IN AVENTURA, all boasting an average of 3000 square feet with views of the Ocean and Intracoastal that go on for miles and all asking prices well below one million.  Hard to find such value anywhere else.

Each apartment has three large bedrooms, two or three bathrooms, uniquely designed interiors, wrap around terraces and exquisite finishes.

THE POINT has a huge world class spa complete with massage rooms, manicure and pedicure services,pools for each building and pools for the spa.  Grounds to walk around, concierge service, valet service and a marina with access to the Ocean within steps.