Category Archives: South Florida Real Estate

Read more about the real estate in South Florida. Since the crisis in 2008  the real estate market has made a strong recovery largely due to the purchasing power of international investors. Is well known that in Florida 25% of the buyers are international buyers. Unlike many other countries, the United States allows land sales to foreigners and provides almost equal opportunities as to actual citizens. At Paz Global we have a team trained to assist you in buying real estate in the Miami, Florida. Most of foreign purchases in Miami are by citizens of  South America and Canada, which have accounted for 62% of all international transactions. The reason these countries dominate is that they want to invest their money in a stable economy. Whether it is for investment, relocation or a purchase for a second vacation home. Contact Paz Global today at 305.466.2990 and find out how we can help you find your perfect luxury condo or rental.

Property Listings, South Florida Real Estate

1950 S Ocean Dr # 22Q Hallandale 33009

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$850,000

 

 

Stunning Direct Oceanfront 3 bed, +1 Den 2.5 Bath fully updated corner unit. Enjoy beautiful S/E exposure sun all day on Terrace! Hurricane proof windows and doors. Gorgeous upgrades with custom design in this pristine condition, turnkey furnished unit. Appointed in exquisite taste to offer that beach house feel. Laundry inside unit (rare), newer S.S appliances, Den can be a formal dining room/office, Amenities include 2 Gyms, b-ball court, 4 tennis courts & heated pools, boat slip available for rent.

Building Amenities

  • Bar
  • Basketball Courts
  • Bike/Jog Path
  • Billiard Room
  • Bbq/Picnic Area
  • Clubhouse-Clubroom
  • Community Room
  • Exercise Room
  • Pool
  • Private Beach Pavilion
  • Tennis

Equipment

  • Automatic Garage Door Opener
  • Dishwasher
  • Disposal
  • Dryer
  • Icemaker
  • Microwave
  • Electric Range
  • Refrigerator
  • Self Cleaning Oven
  • Washer

Exterior Features

  • Deck
  • Open Balcony
  • Tennis Court-Private

Interior Features

  • Built-Ins
  • Stack Bedroom
Selling your Home, South Florida Real Estate

Paz Global Real Estate is implementing innovative marketing strategies to SELL

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Paz Global Real Estate is implementing innovative marketing strategies to SELL

Like most industries, the ones who are ahead of the curve and innovate will always find a way to fulfill their customer’s needs. Real estate is no different and that is exactly what Paz Global is currently doing. Existing home prices have reached a high and sales activity has dropped due to homes being less affordable. On the other hand more homeowners want to capitalize on the increased prices and are listing for sale creating a buyers market.

Competition is going to be increasing as more home sellers list their homes and home buyers look for lower and mid range prices. Thousands of new units will be coming to the market in South Florida over the next 3 years causing more of a stir. This is where the expertise and creativity from real estate companies come into play.

Paz Global has proven once again through their innovation that their priority is to SELL. Their latest strategy has been to carefully work with their clients and offer 1 year of free association fees for the buyer. This tactic has gotten attention and is currently marketed for two properties listed on the market now: 669 NE 191 St and 358 NE 194 Terr in Miami, FL 33179 in Aventura Isles which is now under contract.

This is just one of their many tactics. Another strategy that Paz Global has used has been to motivate the buyer’s agents is through bonus compensation incentives. This approach has led to strong sales, the latest one being a closed sale at 600 Parkview Dr #322 in Hallandale Beach, FL 33009. Real estate professionals work solely on commission, so offering an extra incentive puts our listings in front of more brokers and ultimately the buyers.

Richard Paz, broker at Paz Global also puts focus on working with buyers. He works with corporate relocations,  first time home buyers and buyers looking for second/vacation homes. “Interest rates are still very low so it’s a good time to take advantage of them”. Richard Paz says that “this time is attractive for both buyers and sellers due to the different factors that are currently present”.

Paz Global understands that each client is different and their strategy is based on different sets of criteria aligned with the clients wants and needs. Paz Global listens to their clients and together create a unique plan that will work for them and their needs

Richard Paz can be reach via phone or text at 305.349.3770 or email RP@pazglobal.com

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South Florida Real Estate

Real Estate Market in South Florida

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The housing prices in Miami increase to 6.1 percent that is still less to the 6.5% bump in the October 2016. Broward, Miami-Dade and Palm Beach have displayed bigger growth rate than the national average of 5.6 %, but it is not as high as the top markets. Portland, Seattle and Denver continue to perform the best for the tenth consecutive month, with an increase in price by 10.4%, 10.1% and 8.7% in November respectively.

If you are planning to buy some property whether for investment or housing purposes, then this is the right time. The prices are said to rise in coming months in South Florida. Jim Flood, Regional manager for Supreme Lending in Forte Lauderdale says that people are going to see best statements that they have seen in January.

Interest rates would rise, but it would not discourage the investors to invest their money in real estate business. According to the experts’ outlook for 2017, housing prices will rise to an inch but luxury sector could take a hit.

With 30year flood expectancy, fixed mortagage rate of 3.29% that is said to rise to 5% by the summer can short the buying capacity of some consumers but still it would not be enough to stop the housing recovery started in 2012. The South Florida real state business is going to flourish in coming few years.

Supply and demand factor

As the housing prices will rise, the middle income owners will try to find suitable single family houses at 50,000$. This will be the main reason why the market value will keep climbing higher. When there is growing demand and no new pipeline to meet this demand, it always pushes the prices up, says the Jack Macabe, a housing agent in Deerfield Beach.

Luxury sector:

The thousands of high end condos are built through the Florida can hurt the prices of luxury sector. People   who are selling luxury buildings have to cut their prices

Less foreign buyer influence:

As the dollar continues to strengthen, it would be difficult for the foreigners to invest in the United States of America. The slow down process of foreign investors started in 2012 and it will become more evident in 2017.

Under the administration of President Donald Trump, greater deregulation is expected that can loose investors purse strings and it could bring the financing back that would induce domestic buyers, said McCabe.

South Florida Real Estate

Paz Global – Certified Residential Specialists

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Richard Paz, president and broker of Paz Global, is a Certified Residential Specialist (CRS). The CRS designation is the highest credential awarded to real estate professionals and is given to less than 3% of Realtors nationwide. They must pass certain requirements such as closing over $25 million and over 75 transactions, as well as consistently maintaining high sales volume annually in order to receive this designation. CRS agents are proven and provide the service buyers of residential property deserve.

One of the benefits of a CRS Designee’s is being included in the premier CRS Directory. This is especially important for buyers that are relocating. If they ask their local trusted agent to recommend and refer another agent, then the agent will use the CRS Directory to find an agent with experience, knowledge, and someone they can trust to be sure the client will be in good hands.  As of January 2017, Paz is one of only 6 agents listed in the city of Aventura with the CRS designation, and consistently works with out of state buyers referred to him by the network of realtors.

South Florida Real Estate

Top 10 Real Estate Markets for Millennials

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The millennial generation will play a crucial role in the real estate market over the next 20 years. In this article we will evaluate the top 10 real estate markets cities for millennials!

The millennial generation includes people born from 1981 to 1997. They are considered to be the largest living generation in the nation and an essential key factor of the real estate market over the next 15-20 years.

The truth is that many young adults struggle when it comes to buying a home. More millennials are considering the option to rent as they are faced with tight budgets or decide to live with their parents.

However, this does not have to be your option as well. You may find an excellent opportunity in less expensive cities that can offer you employment, lower incomes necessary to buy a home, and solid housing conditions.

The National Association of Realtors or NAR has recently analyzed 100 largest metropolitan areas across the country and came up with a top 10 best real estate market areas for millennials. This list includes homes in your price range and can definitely meet the needs of different people.

Top 10 Best Markets for Millennials:

1. Austin, Texas – The median household income in Austin, Texas is $51.810 and the share of millennial movers is 29.4%.

2. Charleston, South Carolina – The median household income in Charleston, South Carolina is $47.903 and the share of millennial movers is 24.5%.

3. Denver – The median household income in Denver is $50.923 and the share of millennial movers is 27.7%.

4. Minneapolis, Minnesota – The median household income in Minneapolis, Minnesota is $55.066 and the share of millennial movers is 27.4%.

5. Ogden, Utah – The median household income in Ogden, Utah is $54.608 and the share of millennial movers is 24.6%.

6. Portland, Oregon – The median household income in Portland, Oregon is $44.792 and the share of millennial movers is 26.7%.

7. Raleigh, North Carolina – The median household income in Raleigh, North Carolina is $49.892 and the share of millennial movers is 25.7%.

8. Salt Lake City – The median household income in Salt Lake City is $51.930 and the share of millennial movers is 27.2%.

9. Seattle – The median household income in Seattle is $64.294 and the share of millennial movers is 29.0%.

10. Washington, D.C. – The median household income in Washington, D.C. is $69.874 and the share of millennial movers is 28.3%.

According to the research, the city that proved to be the least attractive to the millennial homebuyers is Marin County, California.

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