Posts Tagged ‘aspects’

Knowing Your Way on the Miami Foreclosure Real Estate Market

October 22, 2008

Popular thing investing Miami foreclosure real estate is negotiating directly with sellers of Miami foreclosure property. It is known that investors who specialized in buying foreclosures often prefer to purchase these homes before the foreclosure proceedings are final. It is really a smart thing to do because you’ll have the first dibs on it and you can also have a higher chance on having the property goes to you. But of course, there are ways to do that, it is not just an easy thing to do but not as hard you would think as well. Before approaching a seller in distress, consider these factors:

The Length of the Wait

First off, foreclosure proceedings vary from state to state. In states where mortgages are used, home owners can end up staying in the property for almost a year; whereas in states where trust deeds are used, trustee sales give a seller about four months before she needs to vacate. In Miami, it is pretty much the same as other states, so I think keeping this one in mind can be very helpful to you.

Ask the Expert

Almost every state provides for some period of redemption. Well, in Miami this means the seller has an irrevocable right during a certain length of time to cure the default, including paying all foreclosure costs, back interest and missed principal payments, to regain control of the property. Of course, for more information, consult a real estate lawyer. It is important that you talk to an expert, preferably a lawyer on these cases because they would give you important facts about your purchase.

Taking Advantage of the Situation

Well lastly, determine whether you’re the type of person who can easily take advantage of a seller’s misfortune under these circumstances and / or put a family out on the street. Oh, critics will argue it’s just business and sellers deserve what they get, even if it’s five cents on the dollar. Others will feign compassion and trick themselves into believing they are “helping” the home owners avoid further embarrassment, but deep inside yourself, you know that’s not true. It is important to be confident on this because it would be a good take for you to get what you need on Miami foreclosure real estate.

Jron Magcale


Digging In with Miami Foreclosure Real Estate

October 22, 2008

It has really been a good thing to know that there are markets that we can really treat as a good market. Home buyers who want a good deal in real estate invariably think first about pursuing foreclosures. Yes, foreclosure properties in which are according to people who knows about it is like picking cherry out of a tree. Buyers have this picture in their mind of a cute little house, surrounded by a white picket fence that is owned by a widowed mom who fell on hard times, but that scenario is generally far from reality. There are really a lot more than just that. Although there can be a good possibility that we can get a good deal in the foreclosure market it can be a good take of course. Miami foreclosure real estate can be a good pick for this kind of market because of certain things that we tend to have a look at of course.

It has been known that sellers stop making payments for a host of reasons. Few choose to go into foreclosure voluntarily. It’s often an unpredictable result from one of the following reasons such as laid-off, fired or quit job, inability to continue working due to medical reasons, excessive debt and mounting bill obligations, squabbles with co-owner or in some cases divorce and job transfer to another location or state.  Well, in Miami, it has all the same reasons, but the difference is people often look at Miami because they know it is an easy market to move. With the rich resources and of course that location-factor, Miami’s foreclosure market can be another good market to consider sinking our teeth in. In most reasons, Miami is often looked at as a great place to look at real estate possibilities.

So, why not look at Miami foreclosure real estate as an option for your investment. I think personally we can see a lot of difference on the said market if we can be consistent and have that certain push to it. Although it can be a different market to tackle, the end result can be good for you, in the future it can be a really good market but of course the thought of it being a market of potential can be really rewarding if not different. The success rate on ending up with a good investment in Miami foreclosure real estate is really a good point to ponder. Because there are really some changes that can be made, I think that it is wise to keep tabs in looking for a nice market to really invest your energy and time with. Some might argue that it can be in a good path, some might look at it differently but the point is, Miami foreclosure real estate can be a good choice.

Jron Magcale

Spotting Aspects of Miami Commercial Real Estate

October 22, 2008

Miami, is known to be a good spot for any business concerning real estate, and in commercial real estate, Miami can always be a your top choice. Miami commercial real estate will always draw some interest from the masses because having been set in Miami tourist and out of town visitors have been on target on the said area when it comes to having some potential on real estate investing itself. Well, right now the interest that Miami commercial real estate has been drawing is truly a good sign; there are a lot of known investors that has been considering Miami as a top spot for their commercial real estate business. It has been gaining a lot of attention where it has been really a great thought, being on the spot with its real estate investment plans, Miami can really be a good option.

Commercially Active

Well, right now people have been looking for a market that has the highest activity, because truthfully the market that has the highest activity is often the best market, having Miami as a big tourist destination for a lot of people that is why the commercial activity of the market can really be a good choice for sure. With the big influence of it on the overall market, the commercial real estate’s movement can always be a really good sign for your business.

Locating Hot Spots

One big thought on being successful in having a Miami commercial real estate is finding best locations for your business, I know that it might be a little hard at times, but when you succeed you’ll know that it’s going to be a good start. Having a nice hotspot will truly be an advantage for sure. Although a lot of the activity on the location itself, can be a great advantage as well. Having the location of good interest would be a good help as well.

What can be really interesting is how we will have the certain growth in the real estate industry by the way of the commercial real estate. Miami can be a good first choice for most people certainly because it can draw a lot of attention to the people. Miami a known popular commercial city with all that activity in their metro, well it is safe to say that it can be a good market that possesses a great potential to move up if the right buttons can be pushed. If we want to witness a good increase on its numbers we should observe. Miami commercial real estate can be a good market to tackle and with all the activities that have been seen on the market itself, it is safe to say that we can always have that movement in a good faith.

Jron Magcale