Great to see things are on their way….construction for Brickell CitiCentre have begun in Brickell. For those of you that have no clue what I am talking about see the below video and see for yourself what is coming to Brickell.
Posts Tagged ‘brickell condos’
Brickell CitiCentre
Tuesday, January 24th, 2012What is it with Foreclosure deals, multiple offers?? highest and best?? Is your clients offer even seen by the bank?
Thursday, April 14th, 2011Lately I have come across a number of frustrated Real Estate professionals that don’t understand what is going on with foreclosure transactions. If you are a Realtor and work the Brickell or Downtown market and have investor clients that bid on foreclosures you know what I am talking about. I would say in the last six months I have seen a decrease in the amount of foreclosure listings that come into the market in these 2 areas and for this reason they have become a very hot commodity. Having said this it is not uncommon that when a property is listed the price stipulated is usually a low price in order to entice a multiple offer situation with buyers. Knowing this, many Realtors like myself advise our clients that offers should in fact be above asking price if they want to have a shot at getting the property, some clients don’t believe this and still try to low-ball a foreclosure with no success. I believe in educating my clients and providing the proof of past sales to avoid wasting my time with low offers, surprisingly enough even on offers were the price was almost 20% above asking price and seemed like a sure thing…….a couple of days later we are advised that another offers was accepted.
I have so many questions regarding the process of submission of offers, the banks criteria in choosing the best offer and even the owner of the note……..how can a financed offer beat a full cash offer that will close in 10 days??? Questions…..and more questions….I don’t think I will get an answer to my questions any time soon but I really think this is something that should be looked at…………..Meanwhile my investors keep trying with hopes of getting lucky at some point with a foreclosure!
3 Bedroom Foreclosue @ The Club for $219k…..nice Investment
Wednesday, March 30th, 2011This foreclosure opportunity posted just 24 hours ago and already there are multiple offers predicted. Considering that values have started creeping up in Brickell it does not surprise me that many are running at the opportunity to get their arms around a good foreclosure deal. This unit which sits on a high floor a corner unit facing west. It has marble floors in living area and carpet in the bedrooms. It is fully furnished, yes uncommon for a foreclosure but it is in fact furnished. If my predictions are correct the unit will sell very quick and for above asking price and of course to a cash buyer. The Club is centrally located walking distance from Mary Brickell Village and other area attractions. Although not considered on of the most luxurious buildings in Brickell, it does have everything you need in a high-rise condominium. I believe this is a great investment opportunity.
Is time running out to buy a Condo in Brickell at an amazing price??
Tuesday, March 29th, 2011In the past couple of months the condo sales activity has been everything but slow in Brickell. Condos priced at market or just below are going under contract in days a tremendous change from just month’s back. It seems that Investors have flooded the market in an effort to grab the deals before they are gone and prices start to stabilize. With short-sale’s taking up a large portion of the condos for sale in Brickell and Foreclosures or REO’s become more scarce buyers are now more willing to wait out for the Short-sales to be approved knowing this is the next best thing when it comes to grabbing a condo in Brickell at an amazing price.
If you are looking for a foreclosure deal keep in mind that the list price will usually be your starting point , specially in Brickell, the competition is fierce and Investors are ready to make cash offers many times above list price. If bank has priced the foreclosure property way below market the intention is to get multiple buyers interested and create a situation were multiple offers are submitted thereby driving the price up to were it should be. There are still opportunities out there it’s just a matter of looking for them….the question is how long will it last?
Foreclosure opportunity @ The Courts in Brickell Key
Wednesday, January 5th, 2011Just listed today a 3 bedroom/ 3 bath condo in The Courts in the Island of Brickell Key. This is a great condominium with a solid Management company. The unit is listed at $579,900 and has over 1800 square feet of livings space. Three bedroom condos rarely come up in Brickell Key at this price and I am certain there will be multiple buyers looking at this one. If you are in the market for a 3 bedroom condo, put this one on your list and enjoy the amazing community life offered in this tucked away triangular island right off Brickell avenue. Unfortunately there is not much time to think about this one, foreclosures in Brickell go under contract in a matter of days, so get moving!
For more information regarding this listing click on the below link or call me for a showing appointment.
http://sef.mlxchange.com/Pub/EmailView.asp?r=1015099218&s=SEF&t=SEF
Rentals in Brickell…going…going…gone!
Thursday, September 23rd, 2010Having recently listed for rent a 2 bedroom Loft at Infinity at Brickell it was truly amazed at the response I got from multiple renters calling to see the unit. I must have shown this unit at least 3 times everyday for the past 2 weeks. Received a number of offers, some really low and some very good but where bad credit became an issue. Finally unit rented and Landlord is very happy with the tenant, but I still continue to get calls on the unit and I am not the only one. Speaking with other agents we are finding that rentals in Brickell are going under contract in record times, there are some specific buildings were it is only taking days! Well I can tell you the reason is not the lower rents, as a matter of fact rental prices have increased all across the board. Last year I rented units in Brickell on the River- South for under $1400 per month for 1 bedroom units, today they are renting for $1600 and getting multiple offers…..sometimes it’s hard to explain this to clients they can’t understand how the unit could have gone under contract from one day to the next but it is happening. I could probably come up with a number of reasons why rentals in Brickell have become such a high demand commodity but in my opinion there are four main factors; (1) prior homeowners that have either sold or lost their property and now need to rent (2)Economy forcing some people to downsize (3) location, people moving closer to jobs/decrease in commute time (4) students and corporate transfers.
According to a national housing survey conducted by Fanny Mae over 3,400 Americans – including homeowners, mortgage borrowers, renters, underwater borrowers, and delinquent borrowers – shows that Americans have a mixed outlook for housing and home ownership. Apparently Americans are embracing a more balanced and realistic approach to the housing market and many believe it has reached bottom, however some are still a bit reserved on taking risk and would consider renting as an option.
Granted this quick rental does not apply to every unit on the market, I have seen properties sitting on the market for over 60 days and for a rental this is terrible, specially if the Landlord has a mortgage on it. This typically will occur when the unit is overpriced compared to similar units that have rented in the building, if you as a Landlord expect to get more money than the average rental price for that type of unit, there better be something special in that unit that can justify it. Many renters and buyers alike do their homework and check online to make sure they are not overpaying. My goal as a Realtor is to sell it/ rent it fast, the longer it sits on the market the worse it is for everyone in the long run.
New Foreclosures units in Brickell….great buys under $300k /2bed..so the bidding starts now!!!
Sunday, September 12th, 2010Hot FORECLOSURES ******* @ BRICKELL 2 bedrooms under $300K
Like every morning after breakfast I sit down to see what is new in the market, what has gone up or down and if by chance any new foreclosures have come out in Brickell. Last year it was so much easier to find foreclosures. Possible sellers today are exploring their options and trying to do loan modification or short-sales before just giving up and letting the properties be taken over by the banks, so in turn the foreclosure market has diminished quite a bit…..at least in the Brickell, Coconut Grove and Gables area. It was a good time for Realtors when investors were picking and choosing foreclosures and making the quick buys…..today everybody is fighting and bidding wars are taking place whenever a good condo goes into foreclosure. So having said this here are my picks under $300k for the week, if you think this is what you have been waiting for call me and lets go see it before it’s gone…..I know I sound like a commercial but if you look at the last 6 months sales history for foreclosures most sell in the first 30 days -specially in Brickell.
Click on the below link to see pictures and the details of each property.
http://sef.mlxchange.com/Pub/EmailView.asp?r=692761962&s=SEF&t=SEF
2 Bedroom Loft @ Infinity…..Love it!
Thursday, September 9th, 2010Infinity @ Brickell 2 Bed Loft Video
I Just listed a 2 bedroom Loft at Infinity @ Brickell on the 44th floor and I just love…love…the view and the floor to ceiling windows, the owner put all white tile throughout and some really beautiful upgrades. The unit comes with cable, Internet, water and sewer included in the rent which is a plus and the building offers some great amenities including a Club level deck which only units above the 40th floor have access to use. This one is a gem that will rent quickly. Take a look at the pictures. Did I forget to mention location…steps from Mary Brickell Village, Sagafredos, Irish Pub and all that Brickell has to offer!
***NOW UNDER CONTRACT***Best buy in Brickell….Neo Vertika 1/1.5 Loft only $145k no, not a short-sale…just a great deal!!!
Wednesday, September 1st, 2010This split level loft located just blocks from Mary Brickell Village is situated in one of the trendiest high rise condos in Brickell. The unit is in move in condition and has upgraded stainless steel appliances and laminate floors throughout. Although priced like a short sale this is an actual conventional sale that can close in under 15 days if needed. Whether you are a first time buyer looking for a starter home or an investor looking to buy a unit that will rent quickly….this one will make a great purchase. For more information call me or click on below link to see video.
