Posts Tagged ‘market’

Selling Miami Commercial Property Not Easy as They Say

November 3, 2008

For some having a real estate investment is a bit hard to handle, It is a difficult investment to have because of the complications and the shady market that can go from consistency to inconsistency in just a short time. So, people tend to shy away from it and try to avoid it. Well I think it is not a very bright idea to assume on things like that especially in business and investment. Miami commercial rental real estate can be a lot of work to maintain and keep leased out. When you are ready to sell, you need to know where to go and who to trust. Use these steps to learn more about selling commercial property and how to do it the smart way. It might be difficult but it is indeed doable.

To get you started, of course you need to gather all the information about the property. You should have as much information about the property in a convenient place. This should include the address, demographics of the property, information about the current renters, if any, and any other pertinent information you can think would help the building sell. Of course it can be a lot of work if you look at it in such a way but I think to prosper on this particular market you need to be informative as well.

Next thing to do is to shop around for a Miami commercial real estate agent to take on your property. Shopping around is a good idea to compare success rates, the length of time they have been handling Miami commercial property, and the contacts they have that may be looking for a piece of commercial property. It is good to have the agent to give you the necessary info about the property because they play as experts on their fields and more importantly attends the role in which gives you the necessary options for your investment.

After getting the few steps made, the next thing to consider is to sell the Miami commercial property on your own. If you are confident that you can find a buyer and sell the property on your own, this is a great way to save money on realtor commissions and have more control over the working with the buyer of the property. You will need to advertise in different realty outlets and online to get the best response. This can be a best case scenario for you but it is often occur. The help of real estate agents is still number to many people’s list and with that being a factor for their investment; people must know the things that go around into the business before moving forward.

If you can’t sell it by yourself at a fast pace, you needs to contact anyone you know who might be interested in acquiring a piece of the Miami commercial property. This is not only a great way to find a possible buyer among people you already trust, but word of mouth is the best method of advertising. Those you network with will tell people they know and interest will generate quickly. This gives you a different angle on investing plus it can save you a lot of time and gives you more options on selling your Miami commercial real estate property.

Jron Magcale


Internet Marketing Tips for Your Law Firm

October 31, 2008

Well, there are a lot of businesses that are benefiting from internet marketing; so far there is a handful that has been giving their faith to what the information superhighway can give to your business. How about Law firms? It’s a totally different ball game looking to that particular market. I know for a fact that it can give significant boost to your business. So, here is how to use your website to grow your legal practice and enhance its image.

First off, design, the design of your website must be simple, elegant and user-friendly, not to mention it must cater to your target audience. If for example you are a patent attorney your site must appeal to engineers, inventors etc. not a suspect in a murder case. Actually, the design is one of the most important parts of internet marketing; you have to attract people to visit your website. So, one thing that you have to think in advance is the design.

Ok, the competition should be monitored; your site must set your firm apart from competing firms. The best way to accomplish this is to provide better content. Consider writing a few articles and posting them on your site. Provide free information or answer most commonly asked questions your potential or current clients are likely to have. You should always take in consideration that looking to your website’s resume you can set your firm apart over your counterparts. It is really important because it gives you the edge that you would need on your internet marketing strategy.

Now, the introduction for your website should always be on the higher ground. Use your website to introduce other attorneys and associates in your firm. Potential clients like knowing who you are. Be sure to describe your academic and professional qualifications. You might also provide a strategic likable personal characteristic or hobby that will humanize you in the eyes of your potential client. It will be the eye candy of your website and with it, you can get a lot of people visiting your website. Keep it also informative and have an edge.

For all the services that your law firm can offer, you have to keep it in descriptive fashion. Make sure your site leaves no doubt as to what sorts of services your firm provides. If possible, provide examples of past work. The basic thing is that you can get a lot of people interested on your website if you know how to get their attention, smart description of your services will be a big plus for your strategy for sure.

To have a certain effect, you need to consider hiring a SEO (Search Engine Optimization) consultant. Search engine optimization is the process of improving ranking in search engine results. Although this is important, it probably isn’t a critical factor in promoting a solo practice or a small law firm with tighter budgets. Submit your site to search engines and legal directories. Submission is usually free and relatively easy. SEO is a great addition for your team because you will have the chance for your website to gain popularity over the web which is always a plus.

Jron Magcale

Personal Investing Tips: Miami Condo Real Estate can still be King

September 20, 2008

The best thing to know and love about Miami real estate is the condo side of the market, they probably has the biggest condo base in the state and probably the country. If you look at the numbers you’ll be convinced on how Miami put together a big base for condo real estate. Miami’s beachfront properties have been one of the best things to happen to Miami, it has attracted more and more investors to make purchase and improve to make a good investment. Miami condo real estate has been pouring potential all over, there have been reports that the numbers of condo listings in Miami alone have hit the red marker, meaning they have been making more and more to accommodate the demands.

Although obviously Miami condo real estate market has been heavily criticized by the masses it can be safely assumed that they are just basing their accusations on pure numbers alone. Not trying to look at the place personally and just looking at forecasts and Experts?assessments. If you try to visit Miami and have a personal look at the Miami condo real estate side of the place, you’ll see good potential, top of the line materials are used and only the best for people looking for a purchase. The prices can range from low to high, but I can testify that it is as reasonable as it gets. Miami condo real estate is always a great thing to have, the location of most can really be fascinating, beach side properties in which has be the top choice for people looking for a great location for their condos and all that.

Of course Miami condo real estate as we all know has been a top spot for tourist and vacation hunters, it has been a great location and that alone can be a great thing to have for a city. It is a real gift for Miami to have the white sand beaches the great scenery and the outstanding tropical weather that can really be a great attention grabber for people who are looking for new homes, people whom are looking for a summer home, relocating or even retirement homes. Miami condo real estate will always be a good option that is for sure. I like to point out that looking at it in a way that can always be a good addition to your own enjoyment, the condo market in Miami can be a viable option to you.

For home investors, we all know that condo can be a cash cow for them if they just know how to play their cards right. Looking at the condo front of Miami it is sure can be appealing at the same time can be a great choice for future investment. At times you抣l hear some negatives but to see is to believe, so you really have to see it for yourself. Miami condo market is a legit market to consider investing in, let us always try to make a good sense on making Miami our condo central. So if you are strongly considering purchasing a summer home, be sure to pick Miami condo as the top for your priority list.

Jron Magcale

Defining Your Needs for Your Miami Real Estate Home

June 23, 2008

Ok, it’s a long hard decision on buying a home in Miami real estate, it is not like you’re buying a candy or something, and it is something else. If you ever decided to go cross the line, well congratulations on your decision to purchase a new home! Your first step toward buying your new home will be to analyze your needs. Your real estate agent can assist in analyzing your needs so that you will be able to get a clear picture of exactly what you want your new home to look like and how it should function for you and your family. It is one of the most important things to keep your mind into and it’ll most definitely be a life changing for you.

Investing on it is as important as making your goals accomplished. They say that when it comes to Miami real estate market it’s always a go-getter. First, you should write down why you are looking for a new home. For example, are you currently renting and would like to have a home where you can begin building equity? Maybe you recently married and have outgrown your current residence. Or, maybe you have just gotten a promotion, which requires you to move to a new city. These factors will all have a bearing on how you approach your home search. It is most important to know what you want and not just be shopping blind.

It is important that you should be familiar with the market as well. Second, establish a time frame that you would like to stay within for buying your home. Depending on your reasons for wanting a new home and the current state of the market in the area you are looking to buy, you should be able to come up with a rough guideline, which you can finalize at a later time. Being punctual is very important in this line of investing. The time frame will guide you on what to follow and what to invest your time with. It is one of the most important things to consider and do. So basically patience plays a big part on this game.

Lastly, it is evident that you most likely have a mental picture of what you would like your house to look like and what features it should have. It’s very important to write these ideas down to avoid any ambiguity later in your home search. You should make at least two lists: one should be a list describing your dream home and the other should list the features of the home that are an absolute must have in order to buy it. In a perfect world, your new home would fulfill both lists 100 percent. So for Miami real estate investing it is clear as water that you will have to blend the ideas you have, then after which you can materialize on what you want. Miami real estate is not hard to find, so I am sure you’ll be in good hands.

Jron Magcale

Never a Bad Time to Invest Miami Real Estate

June 23, 2008

Is Miami Real Estate still an attractive investment? That lingers to any Miami-bound investors. It is some kind of a negative-positive effect to most people simply because it is a hot topic and everyone knows a hot topic creates different buzz from both parties. Miami is always a hotbed for real estate is it, condo, commercial or residential Miami is king. The market is always open like an ocean to investors and developers alike. It is never a secret and we are all aware. People will tend to ask is Miami real estate worth investing? Well with all the whirlwind going around, all the hurly burlies, Miami is still a fine place to invest real estate with. Never underestimate it for it offers so much the possibilities are just endless.

When investing in real estate is sure to know your way on it, especially in Miami. The alternatives are to have your savings in cash. However, because of inflation, the cash value will be worth much less next year and the year after and then you pay taxes on the CD rates. However, real estate still has outstanding tax benefits that you enjoy for now till US tax policies change. The more people think about what Miami real estate can offer the more critics will buzz like bees on its downside. Well numbers are always there and it doesn’t dictate the way you live your life. It is just guidelines and in my opinion thinking of it more tends to make you anxious on how to use your money in investing.

I know that it is always a business and in business everything matters, every detail is important and mostly in business numbers rule. They are king to the kingdom, so people who dubbed themselves as experts analyzes numbers and then move on as if nothing happens. They post numbers as it is a rule and people have to follow it for it and treat it as a guideline to their strategies. I beg to differ, if you really want a property a real estate for that matter, if the location is great, the environment suits you and you love the home, well forget about the forecast and go for it, after all it’s your family you are trying give them the best.

Miami Real Estate is a promising real estate market today. Do your homework upfront. Find unique opportunities and have the right team on your side. Remember, Real Estate is a long term investment. People will always have different take on things and believe me they will always give you their views and it can mislead you. The best tip I can give you is follow what you really want and invest on the Miami real estate that you will be most comfortable and will be most satisfied with.

Jron Magcale

Miami Condo Real Estate Investment, Shares its Ups and Downs

June 22, 2008

On recent reports Miami Condos and Miami Real Estate have appreciated over %25 annually for the last several years. Miami Real Estate has doubled in prices in the last few years. That was great news to investors that bought in this dynamic market.  Investors and Buyers looking for their dream condo or home have been snapping condos faster than developers can build them. It has become some sort of a problem of a kind in which people tends to think twice in investing, more to a fact probably because of the growing housing crisis. Developers and investors are now becoming hesitant.

However, it’s not feasible to expect this dramatic appreciation to continue indefinite. So, what an investor should expect from the Miami Real Estate market now? Well, the market was growing at drastic pace that real estate buyers camping for days to get a condo or a home in Preconstruction and turn around and flip it for profit. The factors that reflect the real estate markets such as interest rates, inflation, unemployment rates and others might not be applicable to Miami Real Estate. Focusing mainly on other stuff that can cause problems in which people are addressing right now.

With a nice improvement on numbers on the past few months, we can see a good flow. Now, the condo market is back to normal pace where you can find good values.

How the Miami Real Estate different compared to other US real estate markets? Miami Real Estate has been always attractive to international buyers. Now, as the US dollar weakens and I believe it will continue to weaken, international buyers are looking into Miami and South Florida real estate market with their increasingly buying power. Just because they have the appeal just like actors having star power, it is made that way.

On a different note, the fact that in some areas there might be enough supply to absorb demand for the near future. However, you can find some attractive opportunities right now where you can get some good values and see appreciation quickly. It is not really that hard to find here in Miami all you have to do is know where to look and save up. The Miami condo real estate market can be defined with 1 word “Unpredictable” and with that case expect the unexpected.

Jron Magcale

Makeover Your Home for Miami Real Estate Market

June 22, 2008

In Miami real estate selling, it is evident that a house that shows well will sell faster and bring a higher price. Small cosmetic touch-ups can make a big difference. Buyers often suspect that more serious problems may exist if they notice the need for minor repairs.  The following are some suggestions that have worked well for past sellers and may offer you some ideas of how to go about and make your house look its finest. It never hurts to make an investment on your home because let’s face it Miami can offer a lot and you can easily left behind on some other sellers.

Remember that first impressions always last. Improve the curb appeal. Touch up paint if necessary. Be sure to make your home a great eye candy to buyers. Try to the lawn and landscaping should be neat and look maintained. The front door and entrance way should be clean and inviting. A pot of flowers by the front door, as a nice touch also park extra cars somewhere else, it helps believe me. It is important to show off your house, because it is your asset. Step one get rid of any clutter. Arrange furniture for an open feeling; too much furniture makes a room seem smaller. So bigger is always better.

For your lawn, flowers and plants add pretty touches to rooms. Kitchen counter tops should be free of clutter; put small appliances out of sight. Always think of it as another step. Remove the “artwork Post-its” from the refrigerator door, so you won’t have troubles on having overcrowded art on your ref. Clean fingerprints from light switches, walls and woodwork. A quick coat of paint works wonders. Use neutral colors like off-white. Organize the closets and cabinets; they will look bigger. Bathrooms and kitchens should be sparkling clean, that’s a cardinal sin if those are dirty. You want to impress, try to be clean.

In cleaning, always clean any mold and mildew especially from around the bathroom tile and fixtures or re-grout if necessary. Fix loose doorknobs, drippy faucets, torn screens, etc. Take care of pet, cigarette, and cooking odors with Potpourri or Air spray, clean carpets and deodorize plus open windows and air out the house. Miami real estate is a big market to play your cards into so you always need to come equipped.

Jron Magcale

Checking Fine Points in Miami Condo Real Estate

June 20, 2008

Miami condo real estate has been on the track for the past few years although right now it is on the shaky state it is still not a bad market to invest in. As we know the market can change in a heartbeat. It is always good to see your money’s worth. Like everybody else in the market we all are expecting that it would pan out. We all know that condo hotel prices rise quickly; prices continue to rise on condo hotel units.  Most condo hotels are sold out in pre-construction.  There are usually 3-5 price increases between the times when selling begins and final closeout.  For those of you who get in early, that may translate into a 10%-plus increase in your property’s value, even before you close. The possibilities can be endless in my opinion.

Another interesting take is that buyers come from all over U.S. Buyers are a mix of real estate investors and vacationers who want an upscale second home.  The buyers are from all over the U.S, especially the Northeast and Midwest.  We’re also seeing a lot of buyers coming from Canada, Great Britain, Mexico and South America.  This is nothing new as South Florida has always had international appeal. The reason is because Miami is always a big market for real estate plus have you ever heard that location is the key for real estate, guess how good Miami’s location is? Pretty darn good, in my opinion.

What surprises me is that the condo hotel concept is getting attention, the concept of condo hotels is dramatically growing in popularity nationwide and internationally. Right now people understand how the condo market is and is willing to make changes. Internationally Miami condo real estate market is getting good reviews. They now know the reputation of the area is great and because of the success of Miami in tourism they are always getting the interest from investors.

The biggest thing for me possibly is that the condo market growing rapidly. In summary, these are exciting times for those of us involved in the condo-hotel market.  The future holds lots of promise as the condo-hotel concept, still in its infancy, begins to take hold across the nation and the world at large.  Investors and developers see it so they opt on getting the headstart on it with building new buildings to accommodate the potential investors. Miami condo real estate is always on the top of its game so I think that investing to it is not a bad idea after all.

Jron Magcale

You Should Know the Basics in Investing Coral Gables Real Estate

June 19, 2008

If you are thinking on investing real estate in Coral Gables, it is a great idea for sure. But sometimes there are questions that play on the minds of investors, not just in Coral Gables but generally. The question that everybody wants to know is if we can always reduce the price later, right? I’ve always believed, better yet, I know-that sellers stand to make the most money possible from a sale when a house is priced right, from the first day it comes onto the market. Plus it will usually sell quicker and easier.

It is said that one of the most difficult, yet greatest services a real estate agent can provide a client is a market analysis or what they call market value of the property. The market value is what someone is willing to pay for the house which is often vastly different from the utility value of the house. The utility value is the value the property has for the owner which includes history and emotional investment. Knowing the local market and the market trends is a must for good service. If your agent does not show up with graphs, statistics and other information to help explain the local market to you and how this affects the pricing of your property – keep shopping for an agent.

Know that also lose the notion of the big ad of your house in the newspaper. Statistics show that only one percent of homes sell from an ad. The number one influence on selling homes remains the network of Realtors in your local community and the national referral networks they have built. The Realtors network keeps your property constantly in front of the realty community. Know that when considering the purchase you should always ask for expert in the local area like Coral Gables. The real estate experts in the area are really knowledgeable on their craft and will sure going to help you a lot.

Well if you want to know more about Coral Gables real estate, top priority should be the Internet. In their marketing presentations, many agents still focus on the print ads they will use to feature your house. They do this for you, not because it is effective, but because you expect it. Having your home all over the Internet will do more for you than that big Sunday ad. Effective posting on the Internet takes time and skill, many agents will do one or two things on the net, but comprehensive exposure of your property on the Internet is not something the average agent understands or can do. Investing in Coral Gables real estate is a great idea, just be sure that you are well-informed so that your experience will for sure be great.

Jron Magcale

Advices for Miami Commercial Real Estate Investing

June 18, 2008

With the tight Miami real estate business going on, things have been not that good. So how does one can take advantage of this kind of scenario that we are facing right now? Well surviving is the key. Like most real estate investors, you began with the “no money down” strategy on residential deals. There are several reasons why you should invest in commercial real estate but the risk level is not one of them, there is a lot of risk involved in commercial real estate investing that goes beyond the asset and how the markets are doing. The real risk in commercial real estate investing is the fact that a large commercial deal will entail a lot of money and a lot of people. Money and people can be a lethal mix in any business transaction especially large commercial transactions. So you should be clever in investing.

Before you run to the hills, understand that risk is just part of doing business and not a good reason not to invest in commercial real estate. The pros definitely out weight the cons. The bad news is there is no way to get around the risks when it comes to mixing money and people but the good news is there are actions you can take to minimize them. There are actually things to consider in investing in commercial real estate, one of them is respect. Before you do anything, you should have a healthy respect for your deal. Respect for your investment with regards to risk will drive you to take the precautions necessary to protect yourself and your investors. Actually respect pays a big part in investing especially if you are in a tight bond with your business.

As well know real estate investing can be tricky and has a lot of ways on going at it. So another advice that I can give is that you need to pay for good Advisors. Your advisors are an important part of your team. Do not be cheap and instead be smart and practical at the same time. Good advisors such as real estate attorney, asset protection attorney, CPA, mortgage broker, real estate agent/broker, insurance broker, property manager, mentor, etc. are worth their weight in gold. Be willing to pay for it. Don’t cut commissions, don’t use prepaid legal, and don’t take short cuts when it comes to your advisors. Be safe and smart when it comes to things like the legal matter. Accept the advice from your advisors you’re probably thinking the other side but many people will listen and ignore their advisor’s advice. If you are going to pay your attorney $400 an hour make sure you use the advice you are given. If you do not agree, get a second opinion but never ignore professional advice.

Another important thing to consider is partnerships I can go on and on about partnerships. I have had horrible partnerships as well as great ones. The problem is that horrible partnerships linger like garlic. Partnerships are like parenthood. It is easy to be a parent but difficult to be a good one. Time and time again, I have counseled many of my students on partnerships. The key thing I have learned is to prepare for the worst by having an operating agreement in place (done by an attorney). If things fall apart, your operating agreement will help soften the breakup. If your operating agreement is not done well, it could get ugly. Investing in Miami commercial real estate can be difficult but doable. Be sure to make some great strides on making your investment gold.

Jron Magcale