www.MiamiFreeHomeInfo.com
By Dennis Yen
Today's news really gives us mixed signals about the real estate market. Some say real estate is flourishing and some say that it continues decline. The fact of the matter is that there are quite a few angles from which you can view the real estate market. It isn't simply prices and loan rates, as most people like to report. It's much deeper than that.
One important angle, and the focus of this article, is that real estate ought to be looked at through a regional perspective. Even in a city, each neighborhood has its own characteristics. Some neighborhoods have families that have lived in their homes for more than 20 years, other neighborhoods have homes that are owned by investors, others have young families just moving in... you get the picture. Because each neighborhood is so diverse, the general outlook of the city's perspective may not do justice to the individual gems that are hidden within it. Not all neighborhoods have foreclosures or short sales, or other transactions that could reduce the property value of the neighborhood. A little bit of research, or the help from your real estate agent, can help you determine the state of your neighborhood, or a neighborhood into which you would like to move.
Shifting one's perspective on the regional market outlook can make a huge change in how one perceives the market, as a whole. Keep in mind that despite all that doom and gloom that we are hearing about real estate, transactions continue to occur. First time home buyers are taking advantage of home and loan pricing, and open houses continue to grab the attention of many prospective buyers; from investors to homeowners to home upgraders. People are upgrading from smaller homes to larger homes. By that same token, some folks are moving from larger homes to smaller homes, as they age and look for more simplicity.
There are plenty of reasons that people buy or sell a home. Despite the market, these reasons still exist, and dreams of home ownership continue to be fulfilled. What we hear quite a bit of in the media is how housing starts are low and how people are losing their homes, and the media is coinciding home losses with the lack of home sales. Economically speaking, when a homeowner loses the home, that is one less home that needs to be built, right? So, if many people are losing their homes, then it follows that there is no need to build more homes, as the inventory is still full. That does not, however, mean that home sales have stopped. Make no mistake about it. In some areas of the United States, real estate is going strong. Admittedly, in other areas of the United States, real estate is not doing too well. Again, this goes back to a regional perspective of real estate.
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Purpose : To facilitate the transfer of Wells Fargo owned or managed REO properties to cities and nonprofits seeking to revitalize neighborhoods and provide sustainable homeownership or rental opportunities to low- to moderate-income (LMI) people. Nonprofits must have completed at least two consecutive years of operations as of the date of application. Organizations must include financial statements, audited if possible, for the immediate prior two-year period and/or IRS Form 990 for the same period.
Goal: To help stabilize communities and the lives of the people who live in them.
1. Locating properties•Applicants can visit Wells Fargo’s REO website to review properties available for sale.
• Nonprofit Organizations and Government Entities can contact the listing agent to visit properties listed on the website. This is encouraged before requesting a donation.
• Not all Properties listed on the website are eligible for donation. Properties that hold lower values and have longer market exposure are more likely to be eligible for the program.
2. Transferring properties
• The length of time to transfer a property may vary depending on the investor, requestor and other factors. Wells Fargo will make every effort to ensure properties are transferred within a reasonable timeframe.
• Wells Fargo uses a donation agreement and quit claim deed to convey title for donated properties.
3. Requesting properties• Organizations and entities with REO rehab experience may request one or multiple properties through the on-line application.
• Receipt of all applications will be acknowledged via email and program approval will be provided within five (5) business days of the receipt of your application.
• The online application is required for the initial property request. Once approved to participate in the program, additional property requests can be sent to REODonationProgram@wellsfargo.com.
Download Guidelines https://www.wellsfargo.com/about/wfhf/realestateowned
For Nonprofits Only: To Submit Your On-line Application• For instructions to help submit your application Click Here
•To print and review the on-line questions before submitting application online Click Here
•To submit a new application Click Here
•To return to an application already started Click Here
www.MiamiFreeHomeInfo.com
By Mauricio Bosch
Coming from Biscayne Bay a beautiful cluster of buildings can be appreciated from the distance. It's the new Miami residential metropolis that blends with the financial capital of the Americas. This amazing city under the tropical sunshine is the home of the beautiful and exclusive Brickell condos. Its downtown Miami and Brickell that together form this amazing cosmopolitan silhouette called the Miami skyline.
Multiple examples of different architectures and styles coexist together in Brickell and downtown Miami. Impressive office buildings and landmarks along with spectacular residential Brickell condos have been built transforming the once calm and quiet city of Miami into an exciting new cosmopolitan Mecca of the 21st century. Multiple styles and designs can be appreciated in this sophisticated residential and business area. People from all over the world are now living in these magnificent new sleek sculptures also called Brickell condos. Amid the most beautiful Miami condos are the ones located in Brickell like the unique Jade Brickell Miami, a marvelous residential luxury building that set the trend for new developments than now are part of this upscale neighborhood. Glass balconies and floor to ceiling windows became the norm and the style to follow probably because of the freshness and the coolness it evokes. That freshness is also a reminder of the ocean and the blue skies that are gracefully reflected in those balconies when looking from a distance in a city full of warm and action.
Today young professionals and families call this amazing city their home. Every building is a mini city in itself, with amenities like the ones you see in a 5 star resort. Brickell condos are really some of the trendiest places to live today in Miami. The convenience of being able to live close to work and at the same time having all the fun the Magic city can offer is a magnet for those seeking the best Miami lifestyle. New residential Brickell condos like The Plaza, Axis condos, Jade Brickell, Skyline, Emerald condos, and Icon Brickell are very good examples of great Miami living.
Icon Brickell is a world apart yet a piece of this spectacular mixture of Brickell condos. At Icon Brickell residents can enjoy a city within a building with 5 restaurants, a majestic spa, and the largest swimming pool in Florida, theater, a spectacular night Club with a roof top pool called Club 50, and an intriguing interior design by Philippe Stark.
Other luxury wonderful buildings in the area are the impressive Santa Maria and the Bristol Tower, pioneers of the new Miami glass architecture. Living in one of these wonderful buildings is today more possible than ever before, due to a severe local real estate market correction after the booming construction times that gave birth to most of these great structures. Good opportunities can be found both in Brickell condos for sale and Brickell rentals, now more affordable than ever before.
Find out more information on all available inventory for Brickell condos for sale and Brickell rentals at www.MiamiFreeHomeInfo.com
When it comes to choosing a professional to assist you with your real estate needs...Experience is Priceless! www.OnePlaceOpenHouse.com
www.MiamiFreeHomeInfo.com
By Johnny Brooks
The latest housing market headlines are either encouraging or bleak, depending on your community. Foreclosures are steady, home prices are down and new-home-sales are stagnant. With so much bad news, many buyers are sitting on the sidelines, afraid to make a move. It's hard to believe, but we are now five years removed from the peak of the housing bubble. Many experts and economist say waiting for the bottom may not be the smartest strategy.
For one thing, there's no agreement on when or if the U.S. real estate market has officially touched bottom. Real estate is local and therefore what constitutes the bottom for the country is meaningless for those looking to buy or sell homes in their own neighborhoods. Prices in some markets have not yet hit their lowest point, but they aren't that far off. In other areas,only the pace of total sales has been affected, prices have held firm or actually increased.
Just like the weather, there are large local variations in home prices. In the National Association of Realtors annual report on Metro home prices, almost half the markets posted price increases. In the most desirable neighborhoods like Davis,California, my area of expertise, there could be a price to pay by waiting. More than a few homes this year had multiple offers. In that scenario, this erases the potential savings you thought you achieved by waiting.
For some people, the value of the local public schools will play an important role in their buying decision. A well-designed house in an established area,with a good public-school district will hold it's value. These communities don't get hurt as much as the whole market and they recover faster. The other factor buyers need to consider is how much longer interest rates will be at these historical lows. Sometimes home buyers get so fixated on getting the lowest possible price, that they forget just how little difference an extra $10,000 in the home price can mean to their monthly mortgage payment.
Assuming a buyer pays $310,000 rather than $300,000, on a 4 percent thirty year loan, you would pay an additional $55 more a month. Over the long haul, buyers should be more concerned with an interest rate increase than if property values drop another two or three percent. Here are a few reasons why buyers should consider this an optimal time to pursue a home. Do your homework and verify how stable prices are in the neighborhood you are interested in, specifically prices within a mile radius of the subject property. Be rational and smart, if you plan on buying and then selling that home in less than five years, I would suggest renting instead. If you can stick it out for at least five years, economist say you'll probably ride out any downturn and come out ahead in price.
If your rents rivals a mortgage payments. This is fairly obvious, why pay someone else's mortgage off. Put that hard-earned monies toward your own mortgage. Every individual buyer will have to make that critical decision on the right time to buy a home based on many factors.
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Aventura is a great place to live. Dubbed the City of Excellence, Aventura is located in the north eastern portion of Miami-Dade County. This trendy neighborhood has great shops, new neighborhoods, parks, golf courses, and tons of restaurants.
Aventura is located around Biscayne Boulevard, including Miami Gardens Drive, Ives Dairy Road, and Country Club Drive Circle.
In the heart of Aventura you’ll find the Aventura Mall with Macy’s, Bloomingdales, Nordstom and an abundance of stores. Excellent dining is not an exception in Aventura; restaurants like Morton’s, The Cheescake Factory, PF Changs, Heavy Burger, Michael Mina's Bourbon Steak and many more are available to residents and visitors.
There's also an incredible selection of high rise condo communities to live in Aventura that any buyer would love to call home: Turnberry Isle was one of the first developments and it is still a 5 star place to live: with it’s private golf course, resort and spa. Other places to live in Aventura include 3030 Aventura, Alaqua, Artech, Atlantic One, Atrium Aventura, Aventura Marina, Bella Mare, EastSide, Hamptons South, Hidden Bay, La Vogue, Marina Grande, Mystic Point, Park Central Aventura, Peninsula, Peninsula Two, Porto Vita, Skylofts, Terzetto At Aventura, The Atrium, The Parc, The Point, The Venture, Turnberry On The Green, Turnberry Village, and Uptown Marina Loft.
Search condos, townhomes and homes for sale. Click here to make your next property search easier and faster.
When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Miami Best Real Estate Team, 786-704-8482 www.OnePlaceOpenHouse.com
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