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Have a Luxurious Home on a Tight Budget

Posted: Thursday, December 31, 2009

By Sarika Kabra

Luxurious homes, inevitably, evoke one word from every aspirant of a luxurious home. And that is - 'expensive'. Normally, luxury homes are viewed from the amount of money invested in furnishing these homes. We tend to believe that royalty of luxurious homes come from money. But, very conveniently, forget that some astute thinking and of course, little money can transform our homes into a royal castle. In fact, if we trace the journey of some of the luxury furniture, we can easily find out that the things that were commonplace in ancient homes have been rendered luxurious in the form of antiques. So, present day's luxury is yesterday's normalcy. So, why not try to make it a present day's normalcy?

The first thing to take care of is to avoid buying fakes. If antiques are your choice to bring in luxury to your home, never settle for cheap furniture or look-alikes. For instance, an exclusive Amish made furniture could be your ideal choice but never get duped by unscrupulous dealers, who make a quick buck out of the ignorant buyers. Always opt for a reputed dealer of Amish furniture who provides adequate guarantees and warranties on your purchase. Similarly, if dealing with Antique furniture dealers, always choose the one who has a good reputation both online as well as offline.

The next thing to plan is the art works. While expensive paintings by renowned painters may be out of your budget range, you certainly need not lose heart. A beautiful oil painting or water-colored painting can be an impressive alternative. The artwork need not be a “branded” one. The important things are that the painting should (a) gel with the overall scheme of the room; and (b) not look like a poor replica of some original artwork. As long as these two conditions are met, the “brand” won’t matter much.

Flooring comes next. A decent priced wool carpet or stone tiles can provide the look and feel of luxury to your home. A carefully crafted handmade carpet is any day better than artificially created custom-made flooring.

You must be extra careful while spending on furniture requirements. One thing about luxury furniture is that it acts like a seductive temptress. You have to be extra careful to resist the temptation of spending too much on luxury furniture items. A better option is to look for the reproduction pieces manufactured by furniture makers, like Baker Furniture or Century Furniture. Kitchen with granite finish can be inexpensively royal.

Affordable luxuries also come at a price but this should not daunt you, as the satisfaction of having a luxurious home is much more valuable than affordable luxuries. Apart from buying new items, you can also mould your existing furniture into a luxurious outlook. Silk pillows and tapestry finish are good options for affordable luxury. Decorative and inexpensive plants could lend the oomph factor in the drawing room. And most importantly, never clutter your home with excessive furniture. Always allow some breathing space in your rooms.For other information visit--> http://arsandy.wordpress.com

Buying a Sarasota Luxury Home: Selecting the Right Real Estate Agent

Posted: Monday, December 28, 2009

By John C. Allen

Luxury home buying is a unique segment of the Sarasota real estate market. It is essential that Sarasota luxury home buyers align themselves with real estate professionals that specialize in the upper-tier marketplace and are familiar with the needs of luxury home buyers. Not all agents can operate effectively in the luxury market.

Below are guidelines for selecting an agent in a Sarasota luxury home purchase.

1. Sarasota Market Expertise – It is critical that the agent selected have knowledge in the Sarasota real estate market and the price range targeted. A luxury home expert should be knowledgeable in all phases of the upper-tier market - amount of inventory, sales, days on the market, etc. The more knowledge an agent has in the Sarasota luxury home market, the bigger the asset they can be to their affluent clientele.

2. Experience – Understanding value in the luxury home market requires experience. A proven track record of closed sales in the high-end marketplace is a strong indicator of market savvy. Although new agents can provide excellent service, high-end buyers are better served enlisting the services of a Sarasota luxury home expert.

3. Education & Designations – Top agents in the luxury field continually expand their knowledge. Designations such as the “Certified Luxury Home Marketing Specialist” are indicators of those agents that provide the type of service luxury home buyers in Sarasota demand.

4. Communication - A good luxury agent will work with buyers to crystallize their goals and understand their needs. By developing a checklist with a clear set of goals and expectations, buyers will not waste their time on properties that do not meet their wants and needs.

5. Negotiation skills - There are many aspects that comprise a successful luxury real estate transaction for a buyer: price, conditions, dates, terms, conditions, etc. A successful luxury real estate agent is seasoned in the art of negotiation.

6. Contacts – Agents that specialize in the upper-tier market have developed relationships with experts in the Sarasota luxury home market. Below is a partial list of resources that luxury home agents can recommend.

Real Estate Attorneys

Jumbo Mortgage Loans

Craftsmen

Interior Designers

Architects

Artists

In summary, luxury market expertise + experience + communication + contacts = a Sarasota Luxury homes agent that can deliver the results luxury home buyers in Sarasota demand and deserve.
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Marketing Luxury Homes in the Age of the Internet

Posted: Friday, December 25, 2009

By Richard B Green

Selling real estate is a competitive business. It is also one in which there is both tremendous risk and high earning potential. That is especially true in the case of high-end luxury properties.

Real Estate Professionals Market Luxury Homes

For real estate professionals, marketing luxury homes requires different strategies than selling more typical homes and properties. When trying to sell a half-million dollar home, and ad in the local Sunday newspaper is not the most effective approach to take.

How to Distinguish a Luxury Home

The luxury home market is usually defined, depending on the local market, as the top 10% of homes listed by asking price or homes listed above $500,000. Something that makes luxury home sales different from others is that each property often requires its own marketing plan. Another difference is that the buyer is more likely to be from out-of-town or state, often more than 500 miles from the location of the property.

Luxury Property Market

Another common challenge in selling luxury properties is that many of them are highly customized to the needs, wants and tastes of the current owners. Unusual and special features make a home unique but to many buyers, these homes would appear to require extensive renovating to make them more suitable for them.

Traditional Marketing for Luxury Property

Placing ads in newspapers, local real estate guides, and running open houses is not the most practical approach to reach potential buyers of these homes. These tried and true techniques of selling homes often do not reach people genuinely interested in purchasing high-end luxury properties. Rather, they often attract people who are described as interior decorating tourists or just those curious about what's inside these stunning homes.

Reach Luxury Home Buyers on the Web

The Internet has opened up better avenues for reaching buyers interested in luxury homes in markets across the country and around the globe. Listing a luxury home online can extend a real estate agent or broker's reach by hundreds or thousands of miles instantly.

List a Luxury Property Easily

In addition to multiple listing services (MLS), the Internet is also home to a variety of sites offering other ways of listing real estate for sale. There are listing sites that sell nearly everything imaginable and others that are exclusive to homes and property.

With the ability to include detailed description of a luxury home and its amenities as well as photos and, sometimes, virtual tours or at least a link to drive traffic to an external site for more information, these sites are very economical to a real estate agent's advertising and marketing budget. Some offer free listings or charge a nominal fee while others charge more for deluxe features.

Websites Where Luxury Property Can be Listed

Craigslist.org is one example. Anyone can list almost anything, including real estate, largely for free. Craigslist.org is a collection of some 30 million online classified ads in 450 markets in all 50 US states, and over 50 countries. With billions of page views each month, craigslist.org is one of the most visited English language sites.

There are sites that are more specific to buying and selling real estate. One example is houselist.com. This site has different levels of listing from free to several hundred dollars annually. Each level includes more selling features for an unlimited number of listings. Like craigslist.org, houselist.com is searchable by state and city or by country.

Another option is to use an auction site. eBay is probably the best known of these online companies. Listing expenses are generally linked to the value of the item for sale. There are nominal insertion fees for posting the item on the site. When the item is sold, additional fees are applied amounting to a percentage of the value of the sale.

HighEndCrazy.com Sells the Luxury Home to a Discriminating Market

There are also websites that cater to more discerning buyers who are looking for luxury items and homes. An example of these is HighEndCrazy. The advantage of a site like HighEndCrazy. is that it attracts people in the buying demographic would are most likely to be interested in purchasing a luxury property as their primary residence or as a second home. Thus, a seller is more likely to become a potential buyer.

When developing a marketing campaign for a luxury property, consider listing it online. The Internet is an ever-growing and changing wealth of advertising and networking opportunities that should not be overlooked. It is the latest twist on the "six degrees of separation" that many real estate agents and brokers rely on, especially when selling high-end luxury properties.For other information visit--> http://arsandy.wordpress.com

Why Are Luxury Homes So Difficult to Sell

Posted: Tuesday, December 22, 2009

By Ryoko Hoyt

Why is that?

Let's look at what goes on in the mind of a luxury home owner who wants/needs to sell their property. This may actually apply to a home in any price range but as you recall, we are going to focus on the luxury home market in particular today.

Typically, a savvy luxury home owner will go back to the real estate agent who helped purchase the home. Another common practice is to do a Google search of nearby realty firms and decide on the best realtor to sell their home using various criteria. Some reasons a person may choose a realtor is because that person has the most sold listings or they received a flyer in the mail or because they liked the realtor's smile. Another way to choose a realtor is using personal connections, such as a relative, a classmate or a friend.

For whatever reason, when choosing ABC Company and XYZ real estate agent, the process is usually the same.

-Decide on a Real Estate Agent or Realty Company

-Sign a contract with the Real Estate Company to represent you

-The Agent suggests a price based on comparable homes in the area

-A listing price is negotiated and decided upon

-The Agent lists the property on the MLS

So what is "the MLS"?

MLS stands for Multiple Listing Service. Basically, it is the main listing source that pools all member real estate companies' available inventory or list of luxury homes that are registered with them so that everyone can see what is available on the market at any given time.

What are the advantages of having an MLS listing?

-Ease in finding the majority of luxury homes that are for sale right now

-Comparing luxury homes presently on the market without difficulty

-Listings are contracted for a specified amount of time

-Accessible only through a certified member of the Board of Realtors who has a fiduciary

duty to represent you and protect your interests

Real Estate Companies Specialize in Selling Homes at Market Value.

With the centralized pool of listings on the MLS, real estate companies are able to establish and check on the value of a piece of real estate in any given area. Determining value is crucial to selling a property. Without a tool to measure its value, it becomes difficult to know the true worth of a luxury home.

Another thing to remember when determining the value of a luxury home is of course, the condition of the luxury home. A newly constructed luxury home is more desirable than a remodeled luxury home, which in turn is more saleable than a fixer upper. Keeping your luxury home well-maintained enables you to ask top dollar for the home.

There is only one catch to the retail market of luxury homes and that is you can list your luxury home for whatever price you want to but it is only worth what someone is willing to pay for it, in other words, market value.

The real estate professional uses many tools to sell your luxury home. Some are:

-informs his clients and fellow realtors of your listing to see if there may be a potential buyer

-puts a For Sale sign out in front of the property

-lists it on the MLS

-advertises it in newspapers or in magazines

-holds open house events

-more sophisticated companies have marketing campaigns in place to give more exposure to

their listings that the seller more often than not will have to pay upfront.

Real estate professionals more often than not, cater to owner-occupant buyers.

Once a realtor is decided on, an agreement is reached on length of listing and the luxury home is appraised, the luxury house is put on the market and the roller coaster ride of when-will-my-house-sell begins.

The 3 types of Buyers

From a business perspective, the luxury home is considered a commodity for which there are buyers. Identifying your end buyer will dramatically increase your chances of selling and/or selling quickly.

-Owner occupant's 1st,2nd, 3rd + home

-Buy-and-hold investor's rental unit

-entry level investor

-modest investor

-sophisticated investor

-Niche investors

-Short sales

-Foreclosures

-REO

-Rehabbing

-Wholesaling

Determining which end buyer you want to target will determine the price and how quickly you may be able to sell the home. As with anything else, there are those who are better than others in getting the job done.

The median home market has many more investors to turn to than the luxury home residential market. These investors may have ads or signs stating, "We buy homes." "We take over payments."

Real estate investors are, as a whole, people trying to help others out of a difficult situation and trying to make a profit in the process. These types of businesses are NOT non-profit companies so they expect to make some monetary gain from the transaction. After all, investors are not a charity operation and are not going to make your problem luxury home their problem luxury home. They make investments of their money and time to do transactions that they specialize in and expect to make a profit for their talents.

Investors are specialists in their field just as real estate agents, doctors or lawyers are specialists in their respective fields. They help people out of circumstances that could potentially become worse.

What about the Luxury Homes owners?

Waiting for an owner occupant is a great choice if you can afford to wait for the right buyer to come along for your luxury home. Listing it with a Real Estate professional is the most effective way in selling a luxury home "retail". In the luxury home market, the average time it takes for the "right" buyer to come along is from 1 to 5 years. The more the luxury home costs, typically, the longer the wait. The 1-3 Million price point of luxury homes has heavy competition and there are better options when comparing what is available entirely and not just in a particular neighborhood.

Since investors who typically do business at the 2M-200M price points or at retail prices are few and far between, what problems would a typical luxury home owner-seller face?

-$12k or $50k monthly house payment are typical for a luxury home. Who can you turn to?

How do you solve your financial situation? A part time job at Wal-Mart will not cover this kind

of expense.

-Sometimes, when upgrading to a new home, you may have found the perfect house to

move into but you may still be stuck with the home that you grew out of. You still have to

keep up payments on that luxury house because 1031 exchanges aren't always as smooth

as they could be. In addition, remember you have a limited amount of time to do that

exchange in.

-What if your key to financial stability is through the sale of your multi-million dollar home?

Who do you turn to for guidance and confidentiality?

-Do you need to relocate because of business or personal reasons and must sell your

property quickly?

-Divorce or health problems place an urgency to liquidate assests

So what is a luxury home owner to do in the event that holding costs are too high and keeping the property means essentially losing money with each day that goes by?

Luxury home investors

There are companies that specializes in the acquisition of luxury homes and commercial properties all over the world? A company that closes the transaction quickly and uses CASH in all transactions? No waiting for approvals from the bank, which may not even come through especially in today's lending environment.

How can you meet investors who specialize in luxury homes and who purchase luxury homes at a fair price? Investors who have an established list of prequalified clients wanting to buy luxury homes at a fair price can re-sell those acquired luxury homes. That is a scenario which would work for all parties involved.

These investors are not in the business of stealing luxury homes. They solve problems and make their money on the sheer volume of luxury homes that are bought and sold. It is the investor that has his or her own buyers' list that will get business done quickly and efficiently.

Business much easier and quicker

Investors typically have a database of buyers that do business with them exclusively due to the relationships that have been built and the value that is gained by buying through them exclusively. The clients entrust investors in this industry who do business honestly, ethically, with integrity and also guarantee good value. They have access to an unlimited amount of cash to complete transactions. Usually what ends up happening is the need to buy more houses to keep up with the demand.

As with any business, the cost of doing business prevents a wholesaler from buying at retail value of the luxury home. If a miscalculated purchase occurs the outcome is not being able to make any profit or worse yet paying money which would put one out of business rather quickly, and be the laughing stock of the industry. Here are some examples of the overhead and costs involved in running a real estate investment business:
- Cost of cash (8-18%)
- Closing costs on the buy and the sell
- Marketing costs
- Insurance
- Prepping a home
- Travel costs
- Inspectors
- Other miscellaneous costs

If an agreement of price is reached.........

That is what you will get. Cash in your hands for your luxury home, the exact amount that is agreed upon in order to acquire your home at closing. Closing on the date of your choice is a relief to know and to use the title company of your choice. Wholesalers take the anxiety out of selling your home. This is an all around WIN-WIN-WIN situation and this is the only business we do. It is that simple.

If you want to sell your luxury home, wholesalers want to buy your luxury home................. NOW

DISCLAIMER:
This article is solely for education and information purposes only, not legal advice. RE Private Investments LLC is not a law firm and does not practice law. The general information provided by the RE Private Investments LLC - via their newsletter, emails, blogs, articles and other correspondence, or through their website at http://www.reprivateinvestments.com - is not intended as nor as implied to constitute a substitute for professional legal advice. The information given here is for informational and educational purposes only RE Private Investments LLC suggests that members/readers conduct their own due diligence and investigation of all information and opinions provided. RE Private Investments LLC suggests the use of competent professional persons where legal or other expert advice is required.
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Find Scottsdale Luxury Homes the Easy Way

Posted: Saturday, December 19, 2009

By Wayne Hemrick

Scottsdale real estate is extremely popular with home buyers, and for good reason. The great year-round weather, the close proximity to world-class dining and shopping, and the vibrant arts and cultural communities that call Scottsdale home are just some of the reasons why people move to Scottsdale. Another aspect of Scottsdale life that is a big draw is the exquisite variety of Scottsdale luxury real estate that is available in this beautiful state. The easiest way to find Scottsdale real estate that meets and exceeds your expectations is to work with a Scottsdale realtor.

How can a Scottsdale realtor help me?

Realtors located in Scottsdale offer several advantages to the Scottsdale luxury real estate buyer that would be difficult if not impossible for the average home buyer to achieve on his or her own. Realtors will work with you to obtain the best loan that will meet your needs, and they will also help you to get that all important lender pre-approval. You could try to shop and do this yourself, but unless you are fully aware of all the pitfalls that can happen if mistakes are made in this crucial aspect of purchasing a home, the whole endeavor can be lost at the outset.

A professional real estate agent will also perform daily detailed searches of the Arizona Multiple Listings Service. These searches are geared toward all of the specifications that you wish from your new Scottsdale, Arizona real estate, so that they will turn up more suitable properties. This takes a tremendous amount of time to perform on a daily basis, because not only will the realtor search for the perfect Scottsdale real estate on paper, he or she will do all of the legwork to examine each property for you, thus saving you valuable time. You need not be called in until the most likely Scottsdale luxury homes have been identified and screened, so that you can make an educated choice from several different properties that match your criteria.

Your realtor, armed with knowledge of the Scottsdale housing market and home values, will offer you advice as to how to go about making an offer on Scottsdale, Arizona real estate, and will skillfully implement your offer on your behalf, negotiating while keeping your best interests in mind. This is a crucial area where having a professional realtor on your side is the best choice in order for you to obtain your dream property.

One of the best advantages from utilizing the services of a professional realtor to secure Scottsdale real estate is that your realtor will handle the myriad details that go into a successful closing of the property. Most people are not prepared to deal with the mountain of paperwork that goes into a real estate transaction, but this is where you realtor will step in and take care of it. Let your realtor make your Scottsdale real estate dream a reality.
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Why Charlotte For Luxury Homes?

Posted: Wednesday, December 16, 2009

By Ken Lutz

Charlotte, North Carolina has plenty of luxury real estate options for people who are looking to relocate to the area. If you are interested in a luxury home (ones in the $800,000 and up price range) then you should contact a Charlotte Luxury Real Estate Specialist.

A Charlotte Luxury Real Estate Specialist is someone who takes care of the higher priced homes in the area. These real estate specialists are ones who focus solely on the higher end priced homes, and can get you a great deal on the home you love.

The Charlotte Luxury Real Estate Specialist that you choose will be able to show you all the homes in your price and space specifications with the information you provide to them when you make your first contact. Once a specialist receives your information, he or she will work with you until you find a home you enjoy. They will be with you every step of the way, and keep working hard showing you as many homes as you desire until you find the one you are ready to call your own.

Charlotte luxury real estate consists of many properties in and around the Charlotte area. Some homes, particularly those around Lake Norman, Ballantyne and Union County (Marvin & Weddington), NC cost more than 2 million dollars, but these homes are well worth every penny. What can beat a lovely water front two story brick home with plenty of square footage? Not much, that is for sure! Many luxury homes are available in Charlotte and the surrounding metropolitan area, so there will be no shortage of homes for you to browse. On top of this, the job market is doing just as well as the housing market, so you will be able to find jobs, and your children will be able to attend fantastic schools.

Do you have a plane? I know where to take you. How about an Equestrian Estate? Would you like a gated community for privacy and protection? How about Golf, is that your game? Then Charlotte has some luxury homes to bestow upon you, and you will be amazed at the square footage you will get for the dollar! So why Charlotte for luxury? How about convenience to a major international airport! Some fine dining! Some extra square footage, with some very unique looking homes! Best of all though, is the fine Southern hospitality and living!
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Scottsdale Luxury Homes

Posted: Sunday, December 13, 2009

By Wayne Hemrick

The prime real estate that is today home to Scottsdale luxury homes once had the exotic-sounding name of “Vashai S’vash-onih.” In the Hokan-Coahuiltecan language of the local Yavapai Indians, this translates as “The Place of Rotting Hay…” not exactly a flattering description. Small wonder the name was changed to Scottsdale. Today’s well-manicured Scottsdale luxury properties belie that impression held by the early natives. Given the spectacular desert scenery, the abundance of cultural and educational institutions, entertainment venues and recreational facilities, it’s small wonder that Scottsdale luxury homes are so valued by investors and homeowners alike.

Upscale Residences in Prime Communities

Scottsdale luxury real estate is generally defined as having a value of $1 million or more, although some residential Scottsdale real estate comes in at $10 million or more. In addition, such Scottsdale luxury properties can be identified by the three hallmarks of quality real estate: location, location, location. A Scottsdale realtor can show you luxury homes for sale that are located right next to beautiful desert preserves and convenient to world-class golf courses.

Some gated communities also feature amenities such as full health club facilities, tennis courts, community swimming pools and bicycle and hiking trails.

An Investment in Time

If you are considering the purchase of Scottsdale luxury real estate for sale, you should know that because of the high value of these properties, the process is different and somewhat slower than the average home-buying process. In America, it is important to protect the wealth of successful investors who were smart enough to take advantage of the economic trends since 2001; realizing that Scottsdale luxury homes represent a considerable investment in times of market uncertainty, your Scottsdale realtor will make certain that all luxury homes for sale undergo repeated thorough inspections – far and above what is done for average working homebuyers. Scottsdale real estate experts will make sure that your investment is safe, secure and trouble-free, so you can spend your time enjoying the sun, golf, culture, everything else Scottsdale has to offer!

Competition

Keep in mind that the market for such luxurious and valuable Scottsdale real estate for sale is not confined to the U.S.; it is a truly global market. As the value of the U.S. dollar continues its precipitous collapse, foreign investors are taking a good hard look at Scottsdale luxury homes – so expect that there’ll be some real and increasing competition for these choice properties as time goes on. Now is the time to take a serious look at investing in Scottsdale luxury homes.
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Are Luxury Homes Just a Dream?

Posted: Thursday, December 10, 2009

By Andy Maingam

There are nice homes, and there are luxury homes. I guess everyone's idea of a luxury home is different, but for me, it's size and age which define the 'luxury' in a house. There really are some beautiful new homes around these days designed by some very clever architects, but I personally love the character which comes with an old and well maintained building.

The United Kingdom has some of the most impressive stone built luxury homes I have ever clapped my eyes on. Some of these places are reaped in local history and have been occupied for generations by the same families, sometimes for hundreds of years. Even if they ever placed these properties on the market they would be well out of my budget. Oh well, one can but dream!

My sister, who also has a fascination for the luxury homes of the rich and famous, is so enthralled by how the other half lives that she often poses as a potential buyer when such places come onto the market. This way, she gets a personal guided tour around houses she would otherwise never get to see but from afar. It's all a bit cheeky but we love to gather round her at coffee mornings and hear all about the places in detail. We also get a good laugh out of it too, as she tells the story of how the estate agents believe she is of 'old money' and seriously considering a move into the area.

It doesn't seem to matter where you live, luxury homes are never too far away. Just about 2 kilometers from where I live, there's this gigantic house on a hill called Maple Place and it just looks so majestic and mysterious. No one knows who lives there for sure, but rumor has it's a widow of a billionaire shipping magnet, but know one has ever sighted anyone other than the gardener. Sometimes, on an evening when there's not too much mist rolling on the hill, you can just make out a dim light coming from a solitary window on the North tower. It's all very strange yet enchanting.

Some years ago, I was lucky enough to live in a beautiful part of town in Rotterdam, Holland. An old friend of mine rented his place out to me while he worked overseas for a couple of years. The luxury homes in the nearby neighborhood were nothing short of stately. Each house was detached and surrounded by ponds, moats, and huge trees. All were old and full or character. They were very large too, and each one had at least 3 floors with big circular balconies on the top bedrooms. Oh I could probably write a chapter or perhaps even a book on each of these fine places.

One thing that fascinates me almost as much as these luxury homes is the folks that live in them. Do you ever wonder who the inhabitants are of these splendid residences? I often wonder where they come from and what they do to afford and maintain such costly real estate.

I have my own luxury home but it's only a 2 up 2 down semi detached but it's my little palace and I love it to bits. The only time I run down my humble abode is when I've been out into the countryside marveling at the holdings of the other half.
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Phoenix Luxury Homes

Posted: Monday, December 7, 2009

By Wayne Hemrick

Despite the “housing bubble” horror stories promulgated by the mainstream “media” today, the market for Phoenix real estate is still expanding. Whether you’ve owned and/or you are an investor in luxury new homes, or you’re one of the smart ones who have taken advantage of highly favorable economic conditions for investors since 2001 and now what to show off your success to others, you’ll find plenty of Phoenix real estate to choose from.

What Are Considered “Luxury Properties”?

This is a relative term that varies from one part of the country (and even the world) to another. For example, a home that is considered “low-end” in Sacramento, California may be considered the epitome of luxury in say, Puerto Vallarta, Mexico. Likewise, tiny 800-square foot waterfront condos in Seattle could easily qualify as luxury new homes, whereas similar condos along the Missouri River in Omaha might not.

Additionally, the real estate profession makes a neat distinction between luxury new homes, luxury estates and luxury properties, based primarily on location.

The common denominator is market value. Like all luxury properties, Phoenix luxury homes are valued at $1 million or more. Because of the space available, Phoenix homes for sale in the luxury category are much larger in terms of square footage that their San Francisco or Manhattan counterparts; such luxury homes for sale in Phoenix are also located in the best neighborhoods and communities, and feature spectacular views of the desert scenery.

Some other factors that puts such Phoenix real estate in the “luxury” category:

· Custom design and construction

· Historical significance

· Proximity to amenities (golf courses, etc.)

· Low or no crime rate

· Far from industrial areas

Today, the savvy investor and/or homebuyer will find many such Phoenix luxury homes on the market from which to choose.

Phoenix Luxury Homes Meet Higher Standards

If you are considering an investment in Phoenix real estate for sale, you should know that such homes are inspected thoroughly several times before the sale is finalized. Besides all the other privileges enjoyed by the investor class in America, buyers and investors in Phoenix real estate that is classified as “luxury” are able to purchase their homes anonymously by going through a real estate attorney.For other information visit--> http://arsandy.wordpress.com

Miami-Dade Commercial Real Estate - Industrial Rental Rates Rise Despite Vacancies

Posted: Friday, December 4, 2009

By Vanessa A. Doctor

The Miami-Dade industrial market surprisingly has continued the healthy pattern of leasing and sales activity in the fourth quarter of 2007, much like how it performed in the previous quarter.

More than 1million square foot of industrial space was leased in the fourth quarter. Availability and vacancy rates remained under 6%, which is still below the national average of about 10%. The fourth quarter of 2007 basically performed the same as the third in activity and pricing,however it lacked the panic that happened during the summer's credit crunch.

The Miami-Dade commercial real estate market experienced small corrections and the re-pricing of certain assets, however the general effect was not as negative as many had predicted. Despite current economic difficulties, and uncertainty hovering the credit markets as well as the specter of an upcoming recession and the residential fallout, Miami-Dade County continues to remain a viable destination for both local and international traders and investors.

Industrial Vacancy Rates Go Up

The vacancy rates for the commercial and industrial sector have steadily gone up by 1.6 percent from the 4.2% rate recorded in the same period last year. Bulk space saw an 1.8 percent increase while flex space also saw a rise of 2.9 percent from the rate recorded during fourth quarter of 2006. Miami-Dade's availability levels also went up from 5.6% in the fourth quarter of 2006, to 7.8% in the fourth quarter of 2007.

Some commercial real estate analysts are also forecasting asking rates to stabilize with limited future increases. One of the main reasons why asking rates could stabilize is the adding of more space, which is expected to enter the market this 2008. These factors have attributed to continuing tight market conditions despite the increase in vacancy levels, and the negative absorption levels recorded.

Rental Rates To Stabilize This 2008

Rental rates for the area's commercial and industrial sector also were noted to have risen in 2007. The industrial sector saw an increase of 11.8 percent the $7.49 psf recorded in the fourth quarter of 2006. The South Central Miami submarket also felt the sharpest increase, rising by $1.85 psf from last year's rate. Southwest Dade market closely followed with an average asking rate increase of $1.49 psf, while the East Miami submarket saw the largest decrease, quoting $1.86 psf less than 2006's fourth quarter rate.

Analysts say that the Miami-Dade industrial sector is seeing a continuing transition from industrial gross rates to triple net rates, so that owners could be able to recover from rising operating expenses, due to increasing insurance premiums.

Th volume of trade in the city Miami has continued to increase in 2007, and has reached nearly $65 billion entering the fourth quarter. This city continues to be the gateway to Latin America, with Brazil, Venezuela and Colombia as its three major trading partners.

Trade with Asian countries also saw an increase, with China becoming a top10 trading partner of South Florida, having exchanged more than $3.3 billion with the Miami Customs District in 2007. Some early estimates are also forecasting that South Florida's ports could triple the amount of cargo handled from Asia in the next 15 years, and while the city continues to build a healthy trade relationship with Asia, it still remains to be the main entry point for Latin American and Caribbean trade.

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Florida Commercial Real Estate - Many Areas See An Influx Of Overseas Investors

Posted: Tuesday, December 1, 2009

By Vanessa A. Doctor

In a recently released report by private real estate analyst Real Capital Analytics', in terms of global property market transactions, the South Florida region ranks 15th worldwide in the level of commercial real estate deals.

The report is among the first to comprehensively track commercial real estate transactions in major metropolitan areas around the world, and has tracked a total of $1.04 trillion in office, industrial, hotel, retail, land and apartment sales globally in 2007. A total of 114 metropolitan areas had more than $1 billion woth of commercial property market transactions.

How Foreign Investment Is Shaping In Some Areas Of Florida

Foreign investment in most of the state, according to analysts, has been cyclical over the years, pointing to the nationwide savings and loan collapse of the early 1990s, in which outside investors, in which some of the were foreign, came in and got great deals in the overbuilt commercial sector. According to state industry observers, the metropolitan Ocala area for example, would probably be look attractive for institutional or foreign investors, not because of any negative consideration, but simply because of the lack of a critical mass, notes some analysts.

It's also less likely that a pension fund is going to invest in a building in Ocala than in Orlando or Tampa, and some note that for smaller communities you're more likely to see smaller groups investing in smaller properties. Market watchers say that there does appear to be an increase in foreign investment in commercial properties in southwestern, central , southern and eastern Florida these days. Most say that weak dollar is a major factor, along with the strong euro, and ongoing political and economic instability in Latin America, where most nations have sizable immigrant populations in the state.

South Florida Region Ranks High Among Overseas Commercial Real Estate Investment

The South Florida region is ranked as the 15th-largest metropolitan area in the world for commercial real estate investment, and is also seen as one of the most desirable markets, wherein a large number of conglomerates have expressed the desire to invest there. South Florida's rising popularity as an international travel, trade and investment haven creates familiarity among foreign investors, the report adds.

The positive notion also helps to considerably lower the notion of the region as an investment risk, since the area' s commercial leasing, sales and consumer markets are not just totally dependent on local economic conditions and demand. The region's emergence in the investment world scene parallels its rise as an international hub of commerce. The Real Capital Analytics' report further adds that the bottom line is that South Florida, with its strategic location, has become more of an attractive destination for international trade and commerce investments.

Of five sectors in the commercial real estate market - apartment, hotel, industrial, office and retail - the recent global commercial property sector report shows the most staggering increase in the retail sector of the Florida commercial market, with foreign investment shooting up from just around $194 million in 2004, to almost $900 million in mid-2007 and early 2008.For other information visit--> http://arsandy.wordpress.com
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