Michael Correra

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Update # 2 Jan 23,2012
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It was reported today in the Miami Herald , that the president's past actions in streamlining visas from
Brazil had accounted for a record where in 2010 Brazilians became the first billion-dollar tourist
market for the Miami area.During that same year the number of Brazilians visitors to South Florida was
about 850,000.With the latest concentrated streamlining measures taken it is expected all past records
will be surpassed by healthy percentages .

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Update #1 Jan 22,2012
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The White House announced another 50 people will be employed by the US Embassy in Beijing
as well as in the consulates around China .The US expects an increase in tourists from China
to raise rapidly in the coming year and beyond.

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Just a few weeks ago we were discussing how harmful the visa procedures for Chinese
and Brazilian tourists to the US have diverted may tourists to Europe, Canada and other
destinations.

The breaking news from a high official in Washington today explained the changes
with specific details:

(1) 80% of applications for visas from China and Brazil will be processed in 8 days
instead of the usual 2 months .

(2) Past visitors to the US will not need to endure many of the procedures in the past.

(3) US staff in China and Brazil to speed of visas has increased 40%.

(4) Steps have been taken to do the same for Chinese and Brazilian businesses
that want to come to the US.

Really great news.

the 9/11 fear factor is gone and US competition is back on track.

Here in Miami, Miami Beach and Brickell we look forward to increased business .

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Update #1
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The White House announced another 50 people will be employed by the US Embassy in Beijing as well as in the consulates around China .The US expects an increase in tourists from China to raise rapidly in the coming year and beyond.

==========================================================================

Just a few weeks ago we were discussing how harmful the visa procedures for Chinese
and Brazilian tourists to the US have diverted may tourists to Europe, Canada and other
destinations.

The breaking news from a high official in Washington today explained the changes
with specific details:

(1) 80% of applications for visas from China and Brazil will be processed in 8 days
instead of the usual 2 months .

(2) Past visitors to the US will not need to endure many of the procedures in the past.

(3) US staff in China and Brazil to speed of visas has increased 40%.

(4) Steps have been taken to do the same for Chinese and Brazilian businesses
that want to come to the US.

Really great news.

the 9/11 fear factor is gone and US competition is back on track.

Here in Miami, Miami Beach and Brickell we look forward to increased business .

Just a few weeks ago we were discussing how harmful the visa procedures for Chinese
and Brazilian tourists to the US have diverted may tourists to Europe, Canada and other
destinations.

The breaking news from a high official in Washington today explained the changes
with specific details:

(1) 80% of applications for visas from China and Brazil will be processed in 8 days
instead of the usual 2 months .

(2) Past visitors to the US will not need to endure many of the procedures in the past.

(3) US staff in China and Brazil to speed of visas has increased 40%.

(4) Steps have been taken to do the same for Chinese and Brazilian businesses
that want to come to the US.

Really great news.

the 9/11 fear factor is gone and US competition is back on track.

Here in Miami, Miami Beach and Brickell we look forward to increased business .

Yesterday , no matter how I tried to explain that a $200/mo HOA fee could result in savings of $72,00 plus over a 20 year period than a $500 HOA fee and that should be considered when comparing prices of condominiums ,it had no effect on the buyer.She just reacted to the price as too high and that was that .So as I know must other agents already know ,you really can not change a persons mind if they really don't understand the concept and no interest in trying to understand .I know many buyers understand that all costs of buying a condo are very important and each one should be carefully considered ,but I wondering how many agents come accross buyers who are fixed on price and what were your experiences.What is your experience?

Miami Beach has become more expensive in the last few years despite the big drop in prices since 2007.However , there are many properties where the mortgages are priced much higher than the existing market value , leading to the need to process short sales to find a solution to these distressed properties.The 2 major ways to do this is through a bank foreclosure and the resultant REO property ,or speed the process and negotiate a short sale while the present mortgagor is still residing in the property and hopefully paying the proper monthly payment on time.These 2 methods probably account for as much as 60% of house sales in the South Florida area , so short sales is not something to ignore.

Since the short sales I am involved with provide an opportunity for my buyers to negotiate a discounted price 20%-30% off the market value , there is a hedge against a further drop of real estate prices expected in the next year or two .So, why not wait one or two years ? Well , the mortgae rates are expected to go up within that time frame , and the 20%-30% hedge will probably will more than cover the price drop .So, the price hedge and the lower mortgage rates now make more sense.What do you think?

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SHORT SALES DEALS IN MIAMI BEACH
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2 BEDROOM _@ BATH 1437 sq.ft, at the Famous Murano Condominium .

BUILT 2003 ,for only $900,000 with a market value of $1,350,000.
Best deal in Murano/Portofino .Call Michael at 305-531-2540 ffice or 305-992-9084 Cell.
or email me at michael@piquetrealty.com

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