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William W. Teho, Jr :: Blog
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William W. Teho, Jr :: Blog

February 03, 2011

Miami luxury condos are the current trend in the South Florida real estate market. With the low prices of these luxurious properties in the Miami-Dade County, it is a good idea to get up on queue to find the best deals in the market and enjoy a lucrative investment that will last you a lifetime.

Looking for Miami luxury condos for your investment is quite easy. No need drive around Florida just to find the best deals in the market. In fact, you can easily find the most profitable investment with just a touch of your fingers – the Internet.

Online Scavenger Hunt

Keep in mind information on real estate are available to everyone in the planet through the Internet. Thousands of Miami luxury condos are made available to all potential buyers in various public and private listings online. All you need to do is to find them, search for them, peruse them, and scout for information. Sounds easy but there are certain facts you need to acquaint yourself before you commit to the scavenger hunt.

Getting Started

The first thing you need to do in order to successfully find the best deals in Miami luxury condos on the Internet is to first find listings that showcase these investments. Search engines are quite useful in this endeavor if you don’t have any knowledge of real estate sites or property listings online. Use keywords, such as Miami luxury condos, Miami condos, or Miami condominiums to get you started. Don’t be afraid to check each site that come out on the list. You don’t have to spend all your time on it; check on site every after few hours and take time to use their search features.

Detailed Specifications

Of course, it has never been a good idea to go into an investment in Miami luxury condos without first knowing the specifications of the properties you want to acquire. Search features in online listings require you to fill in certain details on condos to give you more accurate results. This way, you don’t have to check out thousands of listings when your preference only pertains to a percentage of the total inventory.

William W. Teho, Jr.
Miami Luxury Condos

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We all know for a fact that real estate properties in Miami come at a cheaper price due to the economic hurricane that hit the US a few years back. Despite the positive feedback of many experts in the local market regarding the recovery of local opportunities, prices are still deemed cheap and affordable that would be beneficial to investors looking for a lucrative deal in the Miami real estate market.

One of the hounded prospects in the South Florida real estate market is Miami condos. Due to the popularity of the area, as well as the cheap prices of condominiums, quite a lot of investors – both local and foreign – are clamoring about to find the best deals in the local condo market.

For first-time homebuyers looking for a profitable investment in the Miami condo market, here are some tips from experts that would surely come in handy when you’re scouring Miami-Dade for the best deals possible.

Tip 1: Spend Time in Look-up

It has never been a good idea to just “pick” Miami condos based on your gut instinct or deciding there and then that it is the best buy. Keep in mind that there are thousands of condos for sale in Miami real estate. It is not advisable to proceed with the investment without maximizing your search options to ensure that you got the best in the bargain.

There are two ways to scour the market for Miami condos. One is to use your own time and utilize listings on the Internet to check potential properties to peruse before deciding on the investment. The second option is to take advantage of real estate agents or realtors to help you find the most promising property in and out of their portfolio. It’s true that these professional have fees concerning their services, but if you want to take advantage of professional opinion then you might want to forego the hesitation and let them handle it for you.

Tip 2: Visit Your Choices

Both of the above options to find Miami condos don’t eat much of your time. There are photographs online that allows you to see what you’re up against. Even realtors will show you pictures of properties that they think that you might like. However, it is not a good idea to base your investment decision on these pictures alone.

To avoid mistakes and potential financial disasters in the future, it is a good idea to always set a schedule to visit properties you find appealing and appraise them with your own two eyes. It doesn’t take much to drive from one place to the other in Miami-Dade to check Miami condos. After all, you don’t want to end up with the wrong condo that might become a problem in the future after it is signed under your name.

William W. Teho, Jr.
Miami Condos

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Experts in the US real estate market all agree that Miami offers profitable investment opportunities for 2011. In most cases, investors – both local and foreign – are questioning the potential success in regards to home or commercial property buying in Miami real estate considering that prices are at an all time low and market recovery is at a turtle’s pace.

However, experts all agree that short-term investment goals are non-existent in terms of the Miami real estate market trend. The steady pace of Miami real estate market’s recovery – slow, yet sure – are more conducive to long-term investments.

Condo Market On The Rise

One of the most lucrative acquisitions for long-term investors is condominiums in Miami real estate. These high-end, modern residential units are more conducive to future success. Experts all believe that condos are the futures of modern living – the lack of space in many of cities in the US make it possible for these residential skyscrapers to be more convenient to local residents.

At the current market value, condominiums in Miami real estate are cheaper compared to single-family homes and townhouses. The reasoning behind the price drop is quite simple – there is an over-abundance of these properties in the inventor. Many of these belong under the foreclosure market when the market prices hit a total drop and many condo owners are forced to foreclose their properties due to problems with payment.

Condo Value

At average, condominiums in Miami real estate range from $100,000 to $300,000 – these condos are mostly standard-quality condos with 1-2 bedrooms in sub-urban areas in the Miami-Dade County. Luxury condos, especially those that are located in downtown areas or near tourist attractions (beaches, entertainment centers, shopping malls, etc.) are more expensive – though cheaper still compared to its original value – ranging from $350,000 to $500,000.

Due to the large number of condo inventory in Miami real estate, loans are also in abundance to further spurn the market’s popularity to both local and international buyers. Interest rates are down, though screening can be considered extensive as to promote positive investments and avoid more bankruptcy and future foreclosures.

All-in-all, there is a large market of potential investments in Miami real estate. Business related investments may prove to be slower as the market is still on the recovery stage but highly lucrative and affordable for those looking for cheap homes to call their own.

William W. Teho, Jr.
Miami Real Estate

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December 08, 2010

This might be a bad news to some, but for home buyers, the low prices of residential properties in South Florida real estate is considered as a boon for a worthwhile investment for 2011. If you’re thinking about taking advantage of the affordable figures in the local real estate market then you might want to set your sights in the many options available among Miami luxury condos.

However, it is not a good idea to go blind with such a luxurious – though affordable – investment. To prepare yourself for such a project, here is a list of items you need to consider thoroughly for your venture in a profitable investment in Miami luxury condos.

Checklist # 1: Always Check The Market Prices

Budding home buyers in Miami luxury condos should always look into the prices of such properties in the South Florida real estate market. There are two reasons: 1) checking out the prices gives you an advantage in preparing your finances for such and investment; and 2) giving you an idea on “when” to invest to get your money’s worth.

Checklist # 2: Visit Online Listings

That’s right; you don’t need to walk or drive around Miami just to check out the different selections of Miami luxury condos in the city. An easy way to scour the local market is to check out online listings that showcase hundreds or even thousands of such properties for sale without wasting your time. These listings offers accurate description of each condos in Miami, address, contact information of the seller or the realtor in-charge of the property, and photographs of both its interior and exterior.

Checklist # 3: Look For An Agent

Last, but not the least, it is always a good idea to find yourself an expert to help you acquire a worthwhile investment in Miami luxury condos. Realtors, brokers, and real estate agents can help you in searching for a property to buy, set up an appointment for viewing, taking care of the documents and the legal side of home acquisition, or even help you in getting the price down to suit your budget. Whether you plan to purchase at a later time, it is always a good idea to have a trusted agent to look into your acquisition.

Checklist # 4: Visit Your Selection

Of course, scheduling an appointment with your agent to view properties should be a part of your checklist. After all, it is not a good idea to base your decision in the investment of Miami luxury condos by word of mouth from your agent or from the photographs and description of listings online. No, it is always best to schedule an appointment with your agent to visit the property of your choice to determine with your own two eyes if it is a worthy acquisition.

William W. Teho, Jr.
Miami Luxury Condos

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We can never deny the fact that the Miami real estate market is now a worthy location for a profitable investment in South Florida. With the prices dropping due to the large number of unsold properties in the state, buyers will definitely enjoy the plethora of various homes worth your time.

Local and foreign investors, however, are still leery in the potential investment into the expensive Miami luxury homes. In most cases, buyers tend to opt for cheaper foreclosed real estate properties instead of the more expensive luxury homes. However, these individuals tend to be blind in the potential of owning luxury homes; thus limiting their acquisition and potential profitability.

Cheap Versus Luxury

It is a common fact that many prefer to opt for cheaper properties in Miami real estate compared to expensive Miami luxury homes. Foreclosed and bank-owned properties are often found to range from $50,000 to $300,000 – giving buyers a chance to avoid straining their finances or opt for cheaper options in setting their eyes on distressed properties and short-sales.

Miami luxury homes, on the other hand, are expensive than those mentioned above. In most cases, even foreclosed luxury homes in Miami can go up to millions depending on its location and quality. Some prefer to utilize their finances to acquire multiple cheap properties instead of its luxurious counterparts.

Advantage Of Luxury Homes

Now that you have an idea on the price difference between “normal” homes and expensive luxury homes in Miami real estate. Let’s discuss the potential of delving into the pricier options.

Miami luxury homes are considered to be the epitome of both residential and business potential. For example, if you’re planning to utilize a Miami luxury home for money then you can rent it out as a vacation home at a much higher price compared to mediocre homes. Considering that the real estate market in South Florida are on the mend – wherein prices are going to rise as the number of for sale homes are reduced – the value of luxury properties in the area will skyrocket giving their owners a vast potential of profit when planning to sell it out.

Careful Investment

Despite the potential profit and revenue to be had in the investment of Miami luxury homes; it has never been a good idea to just dive headlong into the acquisition without thinking things through. It is advisable to check your finances to see if you have enough to acquire such properties without you putting your lifestyle in the dirt. It is also a good idea to spend time checking out Miami luxury homes online or through an agent to give you some insight on how the market operates, as well as giving you potential options for such an investment.

William W. Teho, Jr.
Miami Luxury Homes

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As we are nearing the end of 2010, quite a lot of local and foreign investors looking into the potential acquisition in Miami real estate market are on the look-out on the prices of homes in South Florida. Though many are still careful in dishing out their hard-earned money in buying a home in Miami real estate ever since the prices dropped since the economic trouble that hit the US; real estate experts are looking forward to the potential improvement of the local market in the coming year.

Developments On The Low

Due to the large number of unsold properties in Miami real estate, developers are reigning in their construction projects to avoid the bustling competition of cheaper homes that buyers are eyeing. After all, prudent buyers are more interested in getting a foreclosed property at a cheaper price compared to more expensive homes. Despite the lack of projects in Miami real estate market, property owners are quite keen on improving the properties they own to catch the eye of the local and foreign buyers.

Prices Going Up

If you check out the market snapshot of Miami real estate, you can see that prices are either in the neutral margin or going up as the real estate empire is on the mend. Though many experts are still depressed over the slow recovery of the local market, they still see a steady improvement that gives hope to the potential profit in the near future.

As of the current market figure, prices of Homes for Sale in Miami real estate rose by 1.5% that closed the average price at $165,000. No improvements on the prices are seen on the foreclosure side as it remains constant at $175,000.

Financing Options?

Despite the low prices of homes in Miami real estate, quite a lot of buyers are stranded on a potential investment due to the lack of financing options in the local market. In truth, there are plenty of financing possibilities to help buyers take advantage of the local real estate market; however, these lenders are being careful with their loans to those who can afford and pay for them. In most cases, lenders prefers applicant to have an average of 650 score on their credit reports – though those with a higher score can enjoy low interest rates and speedy approval.

William W. Teho, Jr.
Miami Real Estate

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Miami Beach is a well-known tourist attraction in South Florida. The locals enjoy taking some time off from their busy schedules to frolic around the many beaches in the area, as well as taking advantage of the many entertainment and recreational facilities available. Foreigners are also known to take a well-deserved vacation in Miami Beach – and instead of staying in an expensive hotel, many prefer to rent or acquire their very own home in one of the Miami Beach condos in the area.

A Home Away From Home

Many would consider buying a Miami Beach condo to be a waste of money. We can never deny the fact that condos in Miami Beach are considered expensive due to the popularity of the area – reasoning that it would be cheaper to get a home that is “near” Miami Beach than having to outright dish out a large amount of their savings to buy one in it.

In truth, we can never deny the fact that Miami Beach condos are pricey compared to other homes in other parts of South Florida. Many, however, who took advantage of the investment found it to be a worthwhile investment.

Miami Beach condos offer both comfort and convenience with their respective price tag. The popular ones are mostly found in Ocean Drive where condos are situated right beside the beach that is perfect for vacationers so they won’t have to travel far just to enjoy a fun under the sun along the Florida coastline. The facilities and amenities fits right well with your investment as well. These condo units come with their own balcony or terrace that offers an outstanding view of the beach or the Miami Beach skyline. Their location makes it easy to access favored establishment for both fun and entertainment.

Making Money Out Of Your Condo

For those who are planning to buy a unit among the selections of Miami Beach condos for vacation, it is quite possible to get a return of your investment by renting it out. If you’re only planning to use it a few months a year, you can make a tidy sum by renting it out to vacationers when not in use. This way, you get to enjoy your own vacation hideaway in Miami Beach then earn some money when you’re in another part of the country.

William W. Teho, Jr.
Miami Beach Condos

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December 01, 2010

Despite the visible recovery of the U.S. real estate market after the economic crisis, major cities in South Florida are seeing drop in home prices in the third quarter this year. 

Statistics shows that the prices of homes in South Florida real estate rose by 4.7 percent during the early months of 2010. However, figures drop by 2 percent starting third quarter. Home prices in Miami real estate dropped by 1.2 percent – though many consider this as small, it is still a major figure considering the steady recovery in the local real estate market. 

Despite blaming the major drop of home prices in South Florida real estate market, the low figures are considered to be the result of various factors that slows down its recovery; mainly the large number of foreclosed properties in the area and tax incentives. 

In response to the price drop, as well as the abundance of properties available for sale in Miami, as well as in the rest of South Florida, experts believe that many real estate firms and developers are putting a halt on any major development until the hubbub dies down despite demands – both local and foreign. 

William W. Teho, Jr. 
Miami Real Estate

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November 05, 2010

Surajit Khanna, Executive Director of BARD Holding offers an alternative solution to petroleum-based diesel using commercially developed algae. Using state-of-the-art technology along with top-of-the-line research techniques, BARD developed a strict process to algae cultivation for commercial biodiesel production -- quality results at minimal cost.

As one of the Executive Directors, Surajit Khanna founded BARD and serving as Chairman of the Board. His years of experience have successfully led him to fine-tuning the infrastructure and operational departments of BARD in both its management teams and construction projects. Surajit Khanna, using more than 15 years of experience, is able to participate and manage various construction projects in algae cultivation for biodiesel production in a worldwide scale.

Surajit Khanna has gained his prestige and experience as the founder of BARD Holding bringing it to new heights. Surajit Khanna graduated with Bachelors of Science and Architecture, a Master in Business Administration, as well as a Doctorate in Philosophy

Keywords: BARD, BARD Holding, Dr Khanna, Surajit Khanna

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July 06, 2010

We can never deny the fact that Miami Beach is one of the best vacation hotspots in the entire United States of America. The tropical weather compliments the white sandy beach and the crystal blue waters of the Florida coast, not to mention the luxurious resorts and hotels offering expensive, yet elegant amenities and services to cater to the needs of vacationers looking for a complete fun and relaxing vacation in the city. But if you really want to get the most out of your vacation experience in South Florida then you might want to think about investing in your vacation home in Miami Beach luxury condos.

A Luxury Home in Miami Beach

Have your own home in one of the units in Miami Beach luxury condos to serve as your vacation home in the city can only be described as a dream come true. Hotels and resorts can never compared to the luxurious amenities and services offered by these high-end condos in Miami Beach.

For starters, most of the Miami Beach luxury condos are located in the ever-popular Ocean Drive -- where condos rise besides the sandy white beaches of Miami Beach, offering an easy access to a lot of fun in the sand and a complete relaxation for those who want to unwind to get rid of accumulated stress.

The suites of Miami Beach luxury condos are of elegant design and modern practicality. You can opt for an expensive furnished spacious suite in one of the high-rise luxury condominiums in the city -- giving you a comfortable ambiance for a vacation home surrounded by modern furniture and fixtures, all made prominent with a beautiful view of the Florida coast and the Miami skyline.

It doesn’t end there; Miami Beach luxury condos also offer in-house facilities and services that you might need during your stay. Swimming pool and fully-equipped health and fitness centers are just the basics; some offer a fancy restaurant, play area for the kids, a business center, bars with your favorite drinks, and a few events catering to tourists. Services includes a 24/7 front desk to take care of your needs, housekeeping personnel to take care of your daily upkeep, and of course, security personnel catering to your need of safety and privacy as you lounge around in your luxurious suite.

Finding the Best Vacation Home

Now that you have an idea why it is a good idea to invest in a vacation home in one of the Miami Beach luxury condos for sale in the city, all that's left is to find the right one to cater to your wants and needs.

Finding the right investment in Miami Beach luxury condos is quite easy with the help of the Internet. There is no stopping you to get a realtor and ask them to find you selections to fit your specifications and budget. But you can check out the prices and availability in the city by checking out real estate listings and Miami Beach luxury condo sites online to give you an idea before you plan out your investment.

The gist here is to first know the market before you finalize any investment. Check the prices of luxury condos in Miami Beach so that you can come up with a budget plan. Check out the specifications of each luxury condo in Miami Beach and list down those that you think is perfect as your vacation residence in the city. You can schedule a visit to see it personally with an agent and compare selections before making up your mind.

William W. Teho, Jr.
Miami Beach Luxury Condos

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