Posts Tagged ‘trend’

Optimistic View on Miami Real Estate Market

July 9, 2008


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Tough situation right now for our economy and believe it or not we are all victim, we are all victim in this economic riot that we are facing, much to our dismay it is not looking pretty right now. People claims that there is pressure on the market but the stability is still in a shaky position. The question that the people wants to know is will the South Florida real estate market, particularly the Miami real estate market can get on its feet? Well the answer to that is really up in the air. It can go either way, one month the statistics will show you negative results the next it’ll backflip to something good. No one can really predict its forecast in my opinion; it’s like predicting an earthquake before it even happen.

So, I think the risk in Miami real estate is really big if you base everything in numbers and speculations that you read in papers or browsed in the internet. You see words plus numbers when you mix it together it can give you a lot of results, a lot of possibilities, a lot of options. But let me tell you something words and numbers are your average Bonnie and Clyde, so you’ll never know. Miami real estate is a potential filled market, we all know that most of us are aware of that already, but still we tend to look elsewhere and deny the fact that Miami is for you. A good salesman can sell an airconditioner to an Eskimo, but a good realtor given all the tools he or she needs, can sell a real estate with limited resources, why? Well because all you need is the location of the property, some pen and paper and your good reasoning and you’ll be good.

I think location-wise Miami is like the hotbed for real estate, especially condos and oceanfront properties. Retirees and vacationers often choose the exquisite location of Miami, because of the sun, sand and fun. Tropical weather is really a big factor in some people’s decision so do not be surprised if people disregard reports and chooses Miami real estate, because I know for a fact that it boasts the great potential that it always have, plus it has a swagger of a basketball or football player as well. Tuning in you can either make or break in its market, actually it’s up to you, clearly business in Miami is big and homes in the area are always in tip top shape.

Some people think that the Miami real estate market is in the quicksand going down fast, but if you look at it in a different perspective it is like they are setting up for something big. If you look at Miami almost every good location has a condo building, almost every oceanfront has real estate properties so you know maybe something’s up. But instead people is dead beating the idea and putting some negative thoughts on it. I am an optimist not a pessimist so you can’t blame me for thinking that way. All I know is Miami real estate is always going to be in a good point for me.

Jron Magcale

http://miamirealestateinc.org

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Finding Value in Miami Condo Real Estate

July 8, 2008


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There are really big things to keep in mind regarding investing in real estate, Miami as we all know have lots of potential and in terms of potential there are really focal points to consider particularly the location. Every now and then people tend to focus on what they hear and fail to see the potential that they have. Miami condo real estate has so much to offer and the reality of it is not that bad anyway. There are billions spent on Miami condo alone. Meaning they all devote time and money on making the condo real good and a real winner. The notion that Miami condo real estate is in bad shape is in some point just gas.

We all know and of course aware where Miami condo real estate stands in the nation, if you’ll go and see the news and hear the mumblings, Miami condo real estate is in the down side, they say Miami condo real estate is on an awful situation, but like always I beg to differ. It’s one of those “More than meets the eye” sorts of things. For once there are some people who are trying to beat the odds and head to the beach themselves. They are trying to scout some potential properties themselves. The condo market in Miami is really too big, with more and more investors and developers that have swam in the big condo ocean of Miami.

The numbers are ugly I admit, but with the kind of economic situation the whole country is facing, there is not a good market there. You’ll be lucky if you see a boom here and there but for the major areas such as Miami, Los Angeles, New York and Las Vegas; the numbers are taking on a sour turn. The most obvious thing that I see here is that economic wise, investors are trying to be cautious, and they know that major locations have prestige factor and the prices can be higher than what their pockets would allow. So end point is that people are afraid of the big boys in the market, although they want to have a home in those areas, it maybe impossible because of the people who are dragging down the market.

The more and more people gets sticky in the trends the more hit the condo markets will have. I know that in some particular way there can be results. The future can be bright and there are a lot of things that can be compromised. Miami condo real estate market is still bright. I do believe that if they can get value like say, location and weather they would blink. But as long there are trend setters like people who criticizes the market, it’ll be unfair for both parties. I do believe there is light at the end of the tunnel for Miami condo real estate we just have to look harder.

Jron Magcale

http://miamirealestateinc.org