When Opportunity Knocks

Dear Friends & Colleagues,

Today's Real Estate climate presents many challenges. I prefer to look at this current cycle as an opportunity for savvy investors and buyers to cautiously step in and make some unbelievable purchases.

Lets look at it this way; Real Estate is cyclical in nature. Will the inner city [i.e. Brickell/Downtown Miami] ever come back? Who knows? Frankly, who cares! I prefer that we focus our attention on BEACH FRONT PROPERTY. After all, once it built, its built. And once its gone, its gone! No more sand left. No more room for growth.

Ask yourself this:
What do most, if not all people who come to Florida want? Beach Front Property!

Take advantage, do your research, ASK ME, "dip a toe in", and reflect on this:
When was the last time you were able to purchase Oceanfront in Miami or Ft. Lauderdale at prices well below market?
The answer, 25+ years ago when interest rates were at 15 - 18%

Ask yourself this:
Am I able to sustain the property thru rental or other income and ride out the storm? Bad press and publicity, included. Remember this:

WE ARE PURCHASING OCEANFRONT PROPERTY ONLY.

Its time to consider your options. Remember, their is just so much sand to build on. Once its gone, its gone.

I welcome your reply,
Bradley E. Arnowitz, P.A.

Visit us on the web @ http://www.arnowitzproperties.com/ or email me directly @ Brad@ArnowitzProperties.com

Bradley E. Arnowitz, P.A. & Associates, Taking Over The Market, One Property At A Time....

AUGUST NEWSLETTER

Here is a link to my "August Real Estate Update"
http://realtytimes.com/105/BradleyArnowitz

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:
"Staging Takes Center Stage"
"Seven Steps To A Credit Score Makeover"
"Coping with Higher Summer Energy Costs"
"Over-Cooked Hype Hikes Kitchen Costs"
"Hot Decorating Tips: Go From Drab to Fab With These Ideas"

Plus a roundup of July real estate activity as well as much more advice and information. I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Sincerely,
Bradley Arnowitz

Arnowitz & Associates, taking over the market, one property at a time.
Visit us on the web @ www.ArnowitzProperties.com

Useful Real Estate Web Sites

Enclosed, please find some really useful web-sites.

1. Public Records Online Directory
(http://publicrecords.netronline.com)
A one-stop portal to access online info about property tax assessments, deeds, and recorded property documents. Options also include parcel maps, property detail reports, and comparables. There's also a foreclosure search by ZIP code.

2. Knowledge @ Wharton
(http://knowledge.wharton.upenn.edu/)
Insights from some of the best business minds in the country. The site includes sections with articles on technology, marketing, finance and investment, business ethics, and entrepreneurship.

3. U.S. Census Bureau
(http://www.census.gov/)
The Census Bureau offers info on population, income, age and other factors that can affect home buying. The American Community Survey is a new annual nationwide survey on how communities change.

4. National Bureau of Economic Research
(http://www.nber.org/)
Access to a wide range of key economic indicators.

5. PropertyShark.com
(http://www.propertyshark.com)
Nationwide search of Foreclosures, for sale, comparables, maps and lists.

6. Real Estate Terms Online
(http://www.realestatewords.com)
Every person working in real estate or planning to buy or sell real estate can benefit by using this free real estate dictionary. This dictionary of real estate terms is one of the most extensive in the industry and is used by many real estate agents, real estate brokers, mortgage brokers, and instructors in major real estate schools across the country.

7. REALTOR.com
National MLS search engine.

8. Arnowitz Properties
(http://www.arnowitzproperties.com/)
Useful information on South Florida Real Estate. Including National Data Base of ALL properties for sale. A Featured Property section for local area listings, mortgage calculators, Buyer Information, Seller Information, and FREE School Reports.

July Newsletter

Here is a link to my "July Real Estate update":http://realtytimes.com/104/BradleyArnowitz

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

• "When Should Homebuyers Jump In?"
• "What Your Homeowners Insurance Does, Doesn't Cover"
• "Avoiding 7 Costly Mistakes of Selling Your Home"
• "Secrets About Buying A Second Home"
• "Is Credit Card Debt Keeping You Locked Out of Homeownership?"

Plus a roundup of June real estate activity as well as much more advice and information.

I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Sincerely,
Bradley E. Arnowitz, P.A.

Visit us on the Web @ www.ArnowitzProperties.com or contact me directly Brad@ArnowitzProperties.com

For Immediate Release

Bradley E. Arnowitz, P.A. was responsible for the following transactions:

*Reinhartz Family Limited Partnership, a 30-year-old medical business, has purchased .75 acres of land located at 18802 W. Dixie Highway, Aventura, FL to build its corporate headquarters. Co-broker representing the seller was Hellen Weisman.

*Simes Family Limited Partnership, has leased its ultra-luxury tower residence located at The Diplomat Residences, 3535 South Ocean Drive, Hollywood, FL 33019. Co-broker representing lessee was Jorge Blanchard.

*Canyon Ranch Developer, WSG has entrusted Arnowitz & Associates with the sales and marketing of several ultra-luxury, residential units, located in the North Tower of the project.

Arnowitz & Associates of Re/Max Beach Properties is a full-service firm providing brokerage, development, sales investment, property management, asset management, and residential services for office, multi-family, industrial/commercial, residential, and retail properties. Bradley E. Arnowitz, P.A. has been serving South Florida with Honesty, Integrity, & Results since 2001.

For more information, visit Arnowitz & Associates on the web at www.ArnowitzProperties.com or contact the firm at Re/Max Beach Properties, 1355 Alton Road, Miami Beach, FL 33139 or Re/Max Beach Properties, 672 E. Hallandale Beach Blvd, Hallandale Beach, FL 33009, 305.776.6113.

NAMING OUR NEW BABY!! CANY YOU HELP?

I am proud to introduce the first project of its kind in Aventura. A mixed use Development Project that will include Medical Suites, Professional-Class A Office Space, Town Homes, and Live/Work Lofts! Located on West Dixie Highway between Ives Diary Road and Miami Gardens Drive, next to the newly expanded School.

This project will be a place to Live, Work, Love, & Play! And, this baby needs a name. Can you help? Please send me some suggestions. Below you will find a rough copy of a soon to be released marketing piece. All we need is the Name.... Send me your thoughts @ Brad@ArnowitzProperties.com

Whether you are interested in properties to shelter your own business, building for resale or long term rental, unique commercial, retail, and residential opportunities exist in our project. An investment in a Live/Work or other commercial property can provide capital appreciation, long term rental income and investment diversification.

Our Live/Work sites will be state of the art, TRUE-LOFTS! Stainless Chef Stle kitchens, wine storage, granite counter tops, crown molding, wood, carpeting and marble. A complete turn-key package. Including private zen type gardens with oversized work areas.

To maintain pedestrian continuity required by commercial establishments, private and public parking will be assessable utilizing our state of the art parking system/garage that services the building. Living areas can be utilized by the owner or rented out to generate add income. The Live/Work properties will vary in size from about 750 sq. ft. to over 2000 sq. ft. on each level. These unique properties will be located on the top floors of our new project.

Over 20,000 square feet of additional commercial sites (some of which will front West Dixie Highway) will be suitable for medical professionals, retail shoppes, and professional class A office space. A mixed use buisness center is planned for the building.

This unique project will provide everyday vital services to the community and serve as a gathering place to the residents of the adjacent neighborhoods, and will support business establishments located there.

Our new project is a Smart Place to Invest, primarily because it’s a great place to live, work, love, and play!

Arnowitz & Associates of Re/Max Beach Properties is a full-service firm providing brokerage, development, sales investment, property management, asset management, and residential services for office, multi-family, industrial/commercial, residential, and retail properties.

Bradley E. Arnowitz, P.A. has been serving South Florida with Honesty, Integrity, & Results since 2001.

For more information, visit Arnowitz & Associates on the web at http://www.arnowitzproperties.com/ or contact the firm at Re/Max Beach Properties, 1355 Alton Road, Miami Beach, FL 33139 or Re/Max Beach Properties, 672 E. Hallandale Beach Blvd, Hallandale Beach, FL 33009, 305.776.6113.

Legislators approve $31.6B property tax plan

Good News For Florida Home Owners!

The Florida Legislature Thursday backed a property-tax reform package that is expected to save Florida taxpayers $31.6 billion over the next five years.

The first part, a $16 billion plan that would go before voters in a special election Jan. 29, involves replacing the Save our Homes limit of 3 percent property assessment growth with a new "super exemption." The second part, pegged at $15.6 billion, requires all cities and counties to roll back tax rates for the 2007-08 fiscal year to the previous year's levels.

Gov. Charlie Crist says in a prepared statement this decision will help property taxes "drop like a rock."

"I congratulate Senate President Ken Pruitt and House Speaker Marco Rubio and the many other legislators who have worked tirelessly to build consensus among the members of the Legislature and deliver the largest tax cut in Florida history," Crist says. "By lowering property insurance rates and cutting property taxes, we will create a better bottom line for Floridians and for Florida."

According to details of the plan, the super exemption will give homesteaded properties a 75-percent exemption of the first $200,000 in value of a home with a minimum exemption of $50,000 per homestead. In addition, properties eligible for homestead exemption will obtain another 15 percent exemption for the next $300,000 in value.

That plan also will grandfather the tax savings and assessment cap for the smaller number of property owners who receive a bigger break under "Save Our Homes," as well as preserve all existing exemptions now provided to disabled veterans, low income seniors and agricultural lands. The Legislature also says it intends to "hold schools harmless" from the cut in school funding they will get from municipalities, who will are expected to receive reduced revenues through this plan.

Meanwhile, the rollback plan, which would not require voters approval, says local governments also have to make additional cuts of 3, 5, 7 or 9 percent, determined by a formula that measures each municipalities' taxing performance over the past five years against a statewide average. Special taxing districts and "fiscally limited" cities and counties will be held to the 3 percent additional cut.

The plan also caps future property tax revenues based on the rate of personal income growth and new construction, to ensure government cannot grow faster than personal income.

Visit us on the web @ www.ArnowitzProperties.com