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.
FOR SALE: $935,000
3708 NE 207th Terrace, Aventura, FL 33180
Tastefully decorated 4 beds, 3 baths home in the prestigious gated community of Island Way. Top quality finishes include 24×24
marble and wood floors throughout. Spacious open kitchen with stainless steel high-end GE appliances, double oven, and granite counter tops. Living and dining room area have high ceilings with large windows offering plenty of natural light. Bathrooms have double sinks, & glass enclosed showers. Paved patio with BBQ area. Accordion hurricane shutters. Double car garage with utility room. Island way is a gated community with 24-hours security in an incredible location, walking distance to restaurants, shops, houses of worship and marina.
Bring your clients to this magnificent and totally renovated Lakefront home w/over $100k in upgrades. Modern bright & open floor plan with 36×36 Crystal white stone & Wood flooring. Spacious 3 bedrooms & 2.5 baths, office room & maids quarter. Stunning kitchen w/quartz counter tops, high end design appliances, modern cabinetry, wine cooler, two sinks, double ovens & microwaves. Glass railing in staircase. Upgraded bathrooms. Gated community in a great location near schools, malls, and houses of worship.
Spectacular Oceanfront Mansion in the Sky. This breathtaking unit has 3 beds/6.5 baths with Fendi designed interiors & marble floors throughout. Beautiful Ocean & Bay Views with jacuzzi & summer kitchen in terrace. Onyx master bathrooms, Kitchen has Miele appliances, Ornare leather-clad closets, incredible fireplace. Amenities includes 2 pools, cabanas, wine & cigar lounge, gold sim, spa, gym, game room, restaurants, white glove service, valet with Rolls Royce car service, and beach access. 5 Star Luxury.
After two years of rising real estate purchases by foreign buyers, it has slowed down by 1.3% in 2016 according to the National Association of Realtors. However real estate specialist Richard Paz doesn’t think this trend will last. This current trend is due to the global economic slowdown which made the dollar more expensive to foreign buyers. It is expected in the next few years that there will be more global travel and foreign presence. Countries such as China, India, United Kingdom, Mexico, and Canada have been the top purchasers of U.S residential real estate. India and China have two of the biggest economies in emerging markets with constant annual growth which makes them potential clients down the road. Wealthy families from these countries want a place to invest and keep their families in a safe destination. Many of these millionaires also like sending their kids to top U.S universities. Along with sending their kids to school here, real estate comes along with it.
International Investment Properties
Canada and Mexico will most likely maintain their presence in the U.S market due to their proximity and political motivators. The North American Free Trade agreement has motivated many mexican companies to move or open locations here in the U.S. Canadians on the other hand shelter in the hotter estates like Florida during the Winter months and many of them like coming back for Summer as well. The American cities that are currently the most popular amongst foreign investors are New York, Washington D.C, Boston, Miami, and San Francisco while the most popular estates are New York, California, Texas, and Florida.
Tips for avid boaters! What do you need to know before buying a waterfront ocean access condo in Hollywood and Hallandale Florida?
A waterfront ocean access condo in Hollywood and Hallandale Florida seems idyllic and paradisiac. There are many factors to consider when looking for a waterfront ocean access property in Miami. These 8 tips will give you a heads up on what to do before buying a condo on the water.
Find a real estate agent who is a specialist in waterfront ocean access condo in Hollywood and Hallandale Florida. Specially one that understands the needs of a real boating aficionado.
Visualize a waterfront ocean access condo in Hollywood and Hallandale Florida that really fits your lifestyle: Miami has numerous types of waterfront properties like lakes, rivers, canals with or without ocean access. Florida has canals with fixed bridges and draw bridges with different clearance heights and rules. Depending on the type of vessel that you have you have to consider clearance heights of bridges, dept of the canals and proximity to the ocean. The closer to the ocean the better.
Consider the property more than the condo: ‘’often times people fall in love with the condo but after they buy it they realize is too far from the ocean, it is not private, the amenities are not so great, etc. ‘’ says Richard Paz Broker with Paz Global Real Estate which specializes in the Miami real estate market. You can change the condo but you can’t change the location, so buy a property you really fall in love with. Click on this link to find out how a perfect waterfront in Miami looks like: https://www.pazglobal.com/property/1945-s-ocean-dr-2101/hallandale/a2111136/
If your waterfront property has no ocean access consider buying your condo next to a marina. Hollywood and Hallandale offer a large array of condos adjacent to a marina.
Check the condition of the dock and also consider a dock that can accommodate your boat: Depending on the type of boat some owners won’t keep the boat in the water. Some people prefer to use davits or boat lifts to raise the boat from the water while not in use. Whichever your choice is, make sure to inspect the existing lifting structures.
Find out if you can make changes to the your waterfront ocean access condo in Hollywood or Hallandale: such adding a dock or boat lift. Check the association rules and regulations. Consult with government agencies if these type of alterations are possible.
Find out about financing and insurance: since waterfront ocean access condo in Hollywood and Hallandale Florida are more expensive than other properties the legal aspects may be a bit more complicated than others. The process of getting a loan can take a little longer. Insurance can be also a bit more complicated due to the risks associated with living by the water.
Talk to your neighbors: ask them if they enjoy living there and if there are issues you should be aware of.
If you follow this guidelines we assure you will have a successful waterfront condo purchase! We at Paz Global Real Estate can help you finding the waterfront ocean access condo of your dreams. Please do not hesitate in contacting us at 305 466 2990 or visit us at www.pazglobal.com
