Miami, FL

Miami, FL, 33176 - For Sale By Owner

07-02-09

Jane Kosheleva

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Miami, FL - for sale by owner at Fizber.com

Price: $148,200

FIZBER.com ID 11646199

Condo/Townhome/Co-op with 2 bed, 2.0 bath, in 10425 S.W. 112 Avenue Miami, FL, 33176

http://www.fizber.com/11646199/

10425 S.W. 112 Avenue - For Sale By Owner

Property Details:

Type:	Condo/Townhome/Co-op
Address:	10425 S.W. 112 Avenue, Miami, FL, 33176
Sq footage:	936.0
Floors:	n/a
Bathrooms:	2.0
Bedrooms:	2
Year built:	1978

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Homes for Sale by Owner.

Description:

*Wood & Tile Floors *Remodeled Bathrooms *New A/C Unit & Kitchen Appliances *Balcony *Accordian Hurricane Shutters *Swimming Pool *Tennis Courts *Clubhouse *Pool Tables *Ping Pong Table *Courtyards *Fence & Security *Quick & Easy Access to Expressways *Walking Distance to Elementary School & Community Collage *Close to Shopping Centers & Public Transportation

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for sale by owner at Fizber.com

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Downtown Miami Condo Closings Slow By Half In 2nd Quarter

07-01-09

Condo Vultures® Realty LLC

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Office: (305) 865-5629

The pace of new condo closings in Greater Downtown Miami slowed by half in the second quarter of 2009 to 2.7 sales per day, down from an average of 5.2 per deals day in the first quarter of the year, according to a new report from Condo Vultures® LLC.

Buyers purchased 246 units in the 60-block stretch of Greater Downtown Miami between April and June. In the two previous quarters, buyers closed on 466 new Downtown Miami units between January and March, and 441 units between October and December, respectively, according to the Condo Vultures® report based on the Official Condo Buyers Guide To Miami^TM.
"A majority of the second quarter closings occurred in three projects: Marina Blue, 1060 Brickell, and the south tower of Brickell on the River," said Peter Zalewski, a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures®. "Price reductions were the common denominator triggering the increased closing activity in all three condo projects. With financing difficult to obtain in Downtown Miami, all-cash buyers are proving that they are ready to purchase if the price is right."

With the increased activity, Marina Blue - where a bulk deal occurred in December 2008 - is now 99.4 percent closed with only a handful of units of the 516-unit project still in the name of the developer.

The south tower of Brickell on the River is now 70.3 percent closed with less than 100 units in the 327-unit tower available.

At the 1060 Brickell condominium, the developer has closed nearly 350 units - 31 units of which closed in a bulk deal in June - out of 576 units for a sellout rate of 59 percent, according to the Condo Vultures® report.

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Peter Zalewski of Condo Vultures® can be reached at 800-750-0517 or by email at peter@condovultures.com. Don't forget to sign up for our weekly Market Intelligence Report^TM for detailed condo reports. Looking for a property at a deep discount? You are encouraged to take a peek at the Vultures Database^TM or our Video Gallery. Our new books, the Official Condo Buyers Guide to Miami^TM , Miami's Great Condo Crash: A Chronicle of the Boom and Bust^TM , and First-Time Home Buyers Guide To South Florida^TM are now available. Want to see every foreclosure filed in South Florida since 2007? Check out our Foreclosure Database^TM.

Copyright © 2009, Condo Vultures® LLC

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Relying on the GPS!

06-27-09

Zoila Perez-Chanquet - Miami Real Estate

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Office: (305) 267-4848

Mobile: (305) 951-3588

The more I use my GPS the more I notice how I loose perception of where I am and how I got there. All I am focused on is what "Esther" (this is the name we gave my female companion, my GPS) is saying, turn left, turn right, and of course the famous words "re-calculating". This came to mind the other day when I visited a property which I had been to before. I had visited this property a week prior and as I drove to the address being assertive and listening to "Esther", I looked around and realized I had no clue how to get there. Mind you, I was a few blocks away, if I was left there without my iphone or my GPS I would not know what direction to take. This is a scary thing, we depend so much on our gadgets that we don't even take the time to look at a map and actually know where we are going, instead we enter the address and take off and hopefully it will lead us to our final destination.

I remember when my husband was a real estate appraiser working in both, Miami Dade County and Broward, and did not have a GPS, we would look at mapquest and map out his route. Funny, I was the one to tell him "why use a GPS you can do it all online", now I feel bad. As soon as I became a Realtor, this is the first gadget I purchased. Even when we travel to the mountains, this takes us exactly to our destination.

A GPS is a wonderful tool as many other tools out there, but I think we should put on our thinking caps and use our brain a little more. Don't get me wrong, I know we use our brain for many other things but sometimes I just feel clueless because I have gotten so use to these gadgets, it's just a wake up call!

My GPS

"Esther", my companion!

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With 37,000 signatures, petition includes stories from thousands of HVCC victims from christopher shearer

06-25-09

Christopher Shearer

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Office: (800) 531-2130 x101

Christopher Shearer

HVCC Petition Strikes a Hot Button with both Industry and Consumers

Petition to Rescind HVCC Strikes Hot Button with Real Estate Industry and Consumers

With 37,000 signatures, petition includes stories from thousands of HVCC victims

(Fairfield, CA) An online petition calling for the reconsideration of the Home Valuation Code of Conduct (HVCC) has struck a chord with both real estate industry professionals as well as consumers, particularly prospective homebuyers whose lives have been devastated by the unintended consequences of HVCC.

The petition was launched June 1 at www.hvccpetition.com by Think Big Work Small, a provider of online video training, education and content to the mortgage industry. The petition, with over 35,000 signatures and comments detailing the ruinous personal impact HVCC has had on consumers and industry professionals will be delivered to New York Attorney General, Andrew Cuomo, Federal Housing Finance Agency Director, James B. Lockhart and the House Financial Services Subcom mittee.

The National Association of Mortgage Brokers has conservatively estimated that HVCC costs consumers $711 more in fees for the appraisal itself and for extended loan locks. This consumer cost alone to exceed $2.8 billion a year in extra costs and fees. Appraisal Management Companies (AMCs) retain up to 40 percent of the appraisal fee, but have no accountability for the timeliness or accuracy of the appraisal. Evidence since the May 1 implementation of HVCC indicates that AMC's assign appraisals to the lowest-cost appraisers who oftentimes have little to no understanding of the local market, resulting in vast numbers of appraisals coming in way under their true valuation. This ultimately results in loans which cannot be funded and the entire transaction is lost.

"We posted the HVCC petition as a public service to those in our industry who were being impacted, as an outlet to have their voices heard," explained Tim Kearns, chief executive officer of Think Big Work Small. "We knew this was causing extreme hardship to the industry, but we didn't expect to get thousands of horror stories from would-be homebuyers whose dreams have been dashed by this well-intended, but misguided policy. Every day thousands of people are getting the rug yanked out from under them in their quest to become homeowners because of HVCC. You only need to go to our petition website to read the stories for yourself," said Kearns.

The Company's goal is to obtain 100,000 signatures by July 30, 2009, at which time Company officials will hand-deliver the petition.

"We plan to take their stories to New York and Washington in hopes that the HVCC policymakers will reconsider the policy in its current state and correct its most obvious flaws," Kearns continued. "We hope this prompts some action, based both upon the high number of signers, but more so by the personal stories of the disastrous impact HVCC has had on consumer's lives."

About Think Big Work Small

Thinkbigworksmall.com provides a variety of video and Internet based tools and rate alert services to real estate and mortgage industry professionals. It also hosts a daily program (www.TBWSDaily.com) with timely and relevant news for the industry. It was an emotional audience reaction to one of these programs, which talked about HVCC, which was the catalyst for ThinkBigWorkSmall.com to formalize its efforts to put a halt to the damage being caused to consumers and the housing market by HVCC.

As an appraiser, I urge all of the real estate professionals to revisit this issue and sign the petition.

Grande Appraisals
Grande Appraisals
1044 Big Oaks Blvd
Oviedo, FL 32765-6005
(407) 366-9915 (407) 538-7366
contact@grandeappraisals.com
www.grandeappraisals.com

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MIAMI REAL ESTATE TODAY

06-25-09

Michele Kolodner

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Office: (305) 409-3231

Secondary: (305) 845-9990

MIAMI REAL ESTATE TODAY

According to the Florida Association of Realtors (FAR) sales of existing homes and condos in Florida were up again in May for the ninth consecutive month. Even better news: The statewide median sales price in May for existing homes and condos rose over the previous month phenomenon that has occured for nine consecutive months which is a strong step in the right direction.

In these last couple of months Realtors are feeling elated with the pretty nice increase in the number of buyers that are requesting to buy properties in the Southeast Florida area and Miami seems to be leading the pack in volume with a large increase in the sale of existing single-family homes: 597 homes sold in May, compared to 339 in the previous same-year period; Miami also led in condo sales, which were up 36 percent from a year ago.

According to Sean Snaith, director for the University of Central Florida's Institute for Economic Competitiveness, "The improving sales of existing single-family homes and condos is a trend we have been seeing for several months in Florida - what is new in this month's data release is that we are seeing evidence of prices beginning to firm."

Another situation that has come into play refers to the loan market: Realtors are noticing that more home buyers who can get financing are paying full list price for bank-owned properties in an effort to outbid investors with lots of cash. Consequently, these cash investors are being pushed to the condo market where they can bully-down prices because average buyers are having a tough time getting condo loans.

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