Real Estate On Tap
South Florida's cyberSPOT for real estate Buyers, Sellers, Investors, Professional Athletes & CEOs
Momentum at the High-End
Marketing Luxury Real Estate
When it comes to residential real estate, all homes are not created equal. Hence, one report cannot classify the sector as a whole. For the last few years, the story had been one of redundancy. The housing market is weak and without a housing market recovery, the overall economy will not improve. And while most economists agree that there is indeed a correlation, the more important question to those in the trenches, is what part of the market is strong and poised for a comeback.
Selling High-End Homes Throughout Western Broward County
Having sold over $30 million of luxury properties in 2011 throughout Cooper City, Coral Springs, Davie, Parkland, Southwest Ranches and Weston, I know what is and isn’t selling. There seems to be a lot of action across the board but even more so at the luxury level (properties priced above $1 million). The reason? That’s up for debate, but my thinking is outlined below.
The Attraction To Luxury Homes
[1] The homes are fairly priced and present exceptional value to the astute buyer. When you consider what it might cost to build these homes, the sales price, quite often, represents a fraction of the cost.
[2] Most luxury home buyers pay cash, avoiding mortgage and lending issues that have served to derail a plethora of transactions over the past few years.
[3] A lack of options for buyers/investors dictates diversifying into the real estate/tangible asset sector. If you are sitting idle with cash, there are not a lot of options, at least for those averse to high risk or non-existent returns. Putting your money in the equity markets is a tough play considering the choppiness and unknown global concerns/fears. As for putting it in the banks stateside, assuming you were comfortable with the bank’s stability, are you going to be happy with .5% return (or less) on your money?
[4] Timing is everything. If you can afford to buy a luxury property for cash, you are way ahead of the game. You can negotiate aggressively based on your ability to close quickly without delay or third party interference. Furthermore, because mortgage rates are so low, if cash flow ever became an issue post-close, the ability to refinance or obtain an equity line at a very appealing rate would be possible and certainly not as taxing as obtaining a mortgage at the onset.
Jason A. Kapit, Esq. is a real estate agent with EWM Christies International. He concentrates in the luxury home space with offices in Las Olas and Weston Town Center. Contact him at 954.650.4443 or [email protected]
Kapit Sells Crown Jewel in Parkland Golf & Country Club
Just In Time For The Holidays!
It was only a matter of time before a Buyer might recognize just how spectacular “Villa Positano” was. Sitting in the quiet and private cul-de-sac of the “Grand Estates” section of PGCC, the 10,000+ square foot home has one of the prettiest views imaginable overlooking pool, golf, scenic bridge and lake. Everything about the home was carefully thought out and ultimately, it attracted the likes of an astute Buyer.
“The truth of the matter was that there were multiple bidders and someone had to win. Landmark Custom Homes has been building quality homes in South Florida for decades, and with this sale, makes a dramatic segueway into Parkland Golf & Country Club’s luxury community. Of course there were challenges, but that has been an understatement in the world of real estate. At the end of the day, this will be the catalyst for even more extravagant homes to be built within the subdivision. Although (laughs), none will ever replicate this stunning view. The old mantra LOCATION, LOCATION, LOCATION couldn’t ring truer.”
Jason A. Kapit, Esq. is an agent with EWM Christies International and has single-handedly sold 3 of the 6 most expensive properties in Parkland, FL in 2011. For more information about how he can assist you in the sale of your luxury home, contact him at 954.650.4443 or via email.
Meet JC … REOT’s Newest Agent
Hello from JC Caceres!
As I view South Florida’s local market activities over the past twelve months, it appears that we remain on the road to recovery
- Public inventory is decreasing in both Broward and Dade County.
- Pricing remains a threat because of the short sale and foreclosure inventory, yet despite the diminishing values the market continues to make strides.
- Ultimately, in time, as inventory decreases, prices will increase.
Who is buying in Florida?
Pursuant to the NAR’s 2011 Buyer Profile of International Home Buying Activity, South Florida remains #1 for international home buyers. What does that mean to you? Visitors come to South Florida from all over the world to relax and buy 2d, 3d and even 4th homes. If you are thinking of selling your property, now is the time. There are many CASH buyers ready to go! The National Association of Realtors has just released Q3 numbers for 2011 highlighting that South Florida sales have increased by 10.6% This report considers aggregate sales of single family homes, condos and co-ops nationwide and compares the figure to Q3 of 2010.
Bottom Line: South Florida remains one of the most desirable places in the world to visit, live, retire, and own Real Estate! To learn more, contact me at 786-285-5984, email me, or visit my profile page.
EWM #1 In Luxury Sales
You Can’t Argue With Solid Numbers
These numbers are very telling about our market share in the luxury residential space of South Florida’s real estate market. Our ability to reach buyers WORLDWIDE through ingenious online and print media marketing has propelled us to the top of the list. We are the most sought after real estate firm to assist luxury homeowners in the marketing, negotiation and ultimate sale of their residences.
For more information on how I can help, please contact me directly at 954.650.4443 or via email.
Home Prices Rise, Snapping 8-Month Decline!
Front Page News On CNN Today
Why is this happening? The answer is fairly simple … two reasons … first, it is the summer and summer is the time people tend to make new home purchases! The second is more interesting and the oooohhhh wow piece to the puzzle … shadow inventory. Now what does that mean? The banks are just not putting all the homes that they have for sale up for sale! This way, prices go up and the banks inventory potentially will have a value. And this will not stop for a while, not until the housing market becomes more stable. And this time frame varies from professional to professional … some say two years some say as long as five years … whatever you believe it seems like we have a ways to go!
Adam Granger is a Home Mortgage Consultant with HomeServices Lending, LLC., an Affiliate of Wells Fargo Home Mortgage. He can be reached at 954-306-7218 or by emailing him here.
Off-Market Hardly Noticeable in Landmark Ranch Estates
Only 20 Lots Remain
Going into its sixth year of the real estate market downturn, it would seem that neighborhood after neighborhood would be severely impacted beyond repair. Not so for Southwest Ranches’ Landmark Ranch Estates. The 44-lot enclave which caters to the super wealthy apparently didn’t get the memo as the last remaining home just sold. Now, just 20 lots remain. Read the rest of this entry »
Build NEW in Parkland, FL!
Priced From $354,900
The EWM Guys can help NEW Buyers buy NEW Homes! Don’t buy something without proper representation. We can assist at every step of the way, including: [1] setting appointment to see homes, new developments, etc.
[2] connecting you with bank/lending professionals who will make sure that you are qualified to buy at the price you want, with the mortgage rate you need;
[3] tracking the entire purchase process beginning with contract review, intense negotiation on your behalf, escrow deposit assurance (know that your deposits are safe!);
[4] walk through, inspection and appraisal contingency assurances so that you have peace of mind throughout the process.
We are here to help always. Contact us today to visit Parkland’s newest development or if you are in the market for ANY home, you can find your dream address right here!
*** NEW LISTING *** 2142 Austin, Weston, FL
The EWM GUYS are happy to introduce another stunning home in beautiful Weston, FL
This completely renovated home has been exquisitely redone with every detailed considered and no expense spared. It offers a wonderful lifestyle in a family friendly city within Broward County.
Located in West Broward, with phenomenal schools, great shopping, fantastic restaurants, it also boasts the Cleveland Clinic hospital minutes away, close proximity to all major highways and short routes to major international airports (MIA and FLL).
The home itself features 3 bedrooms and 2 baths plus GREAT room, Gourmet stainless steel/granite kitchen, designer tile/marble floors, beamed ceilings, French doors, hurricane impact glass and the list goes on… For more information and photos please visit 2142austin for pics and Virtual tour.
To schedule a private showing for this home or for assistance with any real estate transaction, the EWM Guys are hear for you! Call us now at 954-650-4443 or contact us here.
Happy Mother’s Day
Enjoy Your Day!
The EWM Guys want to wish all a very Happy Mother’s Day! We know it can be a thankless job, but trust us, we appreciate YOU! So enjoy your day. You certainly deserve it!
Jason Kapit, Esq. | James San Martin | David Betancourt | Elias Palacios
Jason Kapit (Thee EWM Guy) Wins “Chairman’s Club Award”
2009 Proves Challenging, But Rewarding
Anyone that knows me (that’s me to the left in the top right corner), knows that I am not one to tout accolades, but 2009 was so difficult, I acquiesced. Yes, there were ample Sellers and yes, there were ample Buyers. But along with those finally agreeable parties were those not-so-get-along ancillary parties (in this case, lenders and appraisers).
Lenders’ Criteria Cites “Traditional” as the New Normal
Like a throwback to the baby boomers generation, “show me proof” is the new mantra – as in full documentation of income, job security, solid credit and ultimately, the ability to put up a 20% down payment. There is no such thing as “stated income” or “no doc” loans anymore. Essentially, lenders are Read the rest of this entry »
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