FIRST QUARTER 2006 MIAMI REAL ESTATE ANALYSIS

First Quarter 2006 Miami Real Estate Analysis

First Quarter 2006 Miami Real Estate Analysis

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Studying the pursuits of your clients is extremely important to your success as a luxury real estate marketing professional. Although this may not apply to all of your clients or to all luxury real estate markets, the quest to possess the finest and the rarest objects in the world is definitely one of the exciting sports of high net worth individuals.

Recently, a mistake was made on our account by an internet service to which we subscribe and our account was suspended. The only way that this could be remedied was via email customer service. There was no phone number given on their Contact Us page. Frustration set in because it took way too much time to write them and prove that the mistake was theirs not ours. Two days later the account was suspended again for the same reason. Again, the burden of proof was on us which took more of our time. And, we are one of their best customers!



Most investors get "analysis paralysis" because they simply don't have the proper tools or experience to understand all the elements in analyzing a good real estate in Marbella. estate deal. Here are some of the concerns and stumbling blocks to 4 of the most common problems investors face along with simple solutions.

For example: the other party may have a wonderful property (site) and wants to develop it, but does not have the knowledge. You "love" the site and know that you could make it a very successful and profitable real estate development. You approched the land owner.

You have a nanosecond to make a first impression with your head shot or video. You want to make a lasting first impression. What if all of the salespeople in our luxury store stood like statues with their arms crossed smiling at you? Some photographer somewhere along the line came up with this pose, which is supposed to convey "professionalism" and it has been copied thousands of times by real estate company or service. estate agents all over the country. What do crossed arms mean to you with or without a smile?

I would leave those renovations to the expert investors or the true contractor investors. Also, you usually only find investors doing these type renovations in the higher end homes and neighborhoods. This is because adding larger room additions and changing the original layout of the house can be recouped with the higher selling prices. And even la concha marbella at that, you will usually only find these being done in pricier neighborhoods.

The labels and stamps are done by kids and I drop off the mail at the post office. This way, I am able to time the day they get me mail, preferably Tuesdays.

Just because a property falls under the luxury umbrella, does not necessarily mean that it is problem-free. Structural problems such as improper weight baring pillars and roofing issues, evidence of water damage and mold, or piping and HVAC problems are just some of the problems one can find in any property. That is why it is integral that one conducts a home inspection before signing on the dotted line. Most importantly, make sure your contract for purchase includes a home inspection contingency, i.e. a statement that permits you to freely walk away from the property if the inspector finds a problem with it. A competent broker also won't waste your time or their own by showing you properties that aren't satisfactory.

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