WEB FANTASTICS!
We are please to announce that http://www.arnowitzproperties/ traffic rank for the past three months is 2,573,312. An average of 857,771 visits per month!
Bradley E. Arnowitz, P.A. & 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. ClientCare@ArnowitzProperties.com
HONESTY * INTEGRITY * RESULTS
Monday, October 29, 2007
OPPORTUNITY KNOCKS
Please view these selected opportunites:
ACQUALINA
STUNNING ACQUALINA CONDO HOTEL RESIDENCE MANAGED BY ROSEWOOD. SIMPLY, THE BEST OF THE BEST!
EARN INCOME. VACATION SMARTLY!
Type: Condo Hotel
Location: Sunny Isles
Price: $1,350,000
Get more information >
Canyon Ranch
CANYON RANCH LIVING - MIAMI BEACH - THE ULTIMATE LIVING COMMUNITY
2 BED/2BATH 1080sqft.
LOWEST PRICED IN SOUTH TOWER! OWNER SAYS SELL, NOW!
Type: Condo
Location: A1A - COLLINS AVENUE
Price: $799,000
Get more information >
NuRiver Landing
NuRiver Landing. Opulent, Panoramic, Picturesque! Located on the Famed New River, Ft. Lauderdale. The finest downtown living has to offer. Lease Purchase Available.
PRE-FORECLOSURE - HURRY
Type: Condo
Location: Las Olas
Price: $699,000
Get more information >
DIPLOMAT OCEAN FRONT RESIDENCE
State of the Art, Luxury Oceanfront Residence on Hollywood Beach. Adjacent to the Westin Diplomat Resort & Spa. This Oceanfront Residence offers all the pleasures one would expect from an ocean front resort.
01 LINE - DIRECT OCEANFRONT, FLOORING COMPLETE, LOWEST PRICED!
Type: Condo
Location: World Famous Diplomat Hotel
Price: $1,499,000
Get more information >
Bradley E. Arnowitz, P.A. and Associates
Phone: 305-776-6113
Email: Brad@ArnowitzProperties.com
Website: http://www.arnowitzproperties.com/
HONESTY * INTEGRITY * RESULTS
ACQUALINA
STUNNING ACQUALINA CONDO HOTEL RESIDENCE MANAGED BY ROSEWOOD. SIMPLY, THE BEST OF THE BEST!
EARN INCOME. VACATION SMARTLY!
Type: Condo Hotel
Location: Sunny Isles
Price: $1,350,000
Get more information >
Canyon Ranch
CANYON RANCH LIVING - MIAMI BEACH - THE ULTIMATE LIVING COMMUNITY
2 BED/2BATH 1080sqft.
LOWEST PRICED IN SOUTH TOWER! OWNER SAYS SELL, NOW!
Type: Condo
Location: A1A - COLLINS AVENUE
Price: $799,000
Get more information >
NuRiver Landing
NuRiver Landing. Opulent, Panoramic, Picturesque! Located on the Famed New River, Ft. Lauderdale. The finest downtown living has to offer. Lease Purchase Available.
PRE-FORECLOSURE - HURRY
Type: Condo
Location: Las Olas
Price: $699,000
Get more information >
DIPLOMAT OCEAN FRONT RESIDENCE
State of the Art, Luxury Oceanfront Residence on Hollywood Beach. Adjacent to the Westin Diplomat Resort & Spa. This Oceanfront Residence offers all the pleasures one would expect from an ocean front resort.
01 LINE - DIRECT OCEANFRONT, FLOORING COMPLETE, LOWEST PRICED!
Type: Condo
Location: World Famous Diplomat Hotel
Price: $1,499,000
Get more information >
Bradley E. Arnowitz, P.A. and Associates
Phone: 305-776-6113
Email: Brad@ArnowitzProperties.com
Website: http://www.arnowitzproperties.com/
HONESTY * INTEGRITY * RESULTS
Sunday, October 21, 2007
Short Sales - FREE Foreclosure Lists
Short Sales and Foreclosures Offer Some Opportunities For Buyers In Broward, Dade and Palm Beach Counties:
How does a homebuyer, find a seller?
Sign up for our FREE List of Distressed and Foreclosed Properties @ http://www.arnowitzproperties.com/foreclosures.asp
Bradley E. Arnowitz, P.A. & Associates will send you a list of properties that match your criteria.
Nationally major banks and other lending institutions have recently written off billions of dollars to reflect the lower value of homes that they have repossessed. With these homes now priced more realistically, lenders are anxious to unload these non-performing assets and, locally, real estate brokers are being enlisted to market and move these properties.
This presents an excellent opportunity for first-time buyers to purchase homes in the Miami Dade, Broward, and Palm Beach Counties at prices well below where they were two or three years ago. Local mortgage loan officers are targeting those families or individuals with recession-proof occupations such as teachers, nurses, firemen and law enforcement personnel. For those buyers with good credit scores, 30-year fixed mortgages are still available with interest rates under 7 percent with minimal or no down payment.
Not so lucky are other potential home buyers - particularly those with poor credit scores, high debt ratios, spotty employment histories, or lack of down payment funds, — who have been frozen out of the market by tightened lending standards as a result of the mortgage meltdown.
Presently a huge percent of the foreclosures have involved subprime mortgages that were given to unqualified buyers, such as the adjustable mortgage. This percentage may change, however, thousands of other homeowners are currently in default on their mortgages. In many cases, banks and other lending institutions are delaying foreclosure proceedings.
Surprisingly, the homeowner and the lending institution both have an interest in avoiding foreclosure which will adversely impact the homeowner's credit for years to come and, at the same time, add to the growing inventory of unsold homes in the lender's possession. With at least 5 percent of homeowners delinquent in their mortgages, a new opportunity has emerged known as a "short sale."
If a mortgage-qualified investor or home buyer can be found for a home whose mortgage is in default, a lending institution is often willing to decrease the amount of the mortgage by as much as 25 percent or more in order to reduce its inventory and avoid lengthy and costly foreclosure proceedings.
It is important to know that all parties to a "short sale" must be in full agreement. Sometimes there is a second mortgage on the home and, in the event of a foreclosure, the second mortgage would most likely be wiped out. Therefore, in a "short sale" the second mortgage holder must be amenable to accepting a token amount.
How does a homebuyer, find a seller?
Sign up for our FREE List of Distressed and Foreclosed Properties @ http://www.arnowitzproperties.com/foreclosures.asp
Bradley E. Arnowitz, P.A. & Associates will send you a list of properties that match your criteria.
There can be pitfalls to a "short sale." If the mortgage is substantially reduced, the IRS may consider the reduction as taxable income to the seller. However, if the seller is nearly insolvent, the IRS does not pursue the matter.
The benefit to a potential buyer in finding a homeowner, teetering on the verge of foreclosure, is that a price can often be negotiated with the lender that is substantially below market value. If the home has already been foreclosed, the lender usually wants to recapture the time and money spent in the foreclosure proceedings.
Usually a "short sale" buyer will be offered a new mortgage by the lender but it is always a good idea for the buyer to have an alternative lender lined up in order to make certain the terms are competitive.
While the buyer may have some sympathy for the homeowner who is losing a home, chances are that the buyer may actually be preserving the seller's credit from total destruction so that, in the future, the seller may re-enter the housing market a little wiser and better prepared financially.
On the opposite side of the spectrum are those who can purchase a property quicly, all cash. The opportunities to purchase at well below value in a short amount of time will always give you the advantage while purchasing a preforeclosure or foreclosed property.
Bradley E. Arnowitz, P.A. & Associates
(305) 776.6113
www.ArnowitzProperties.com
ClientCare@ArnowitzProperties.com
HONESTY * INTEGRITY * RESULTS
How does a homebuyer, find a seller?
Sign up for our FREE List of Distressed and Foreclosed Properties @ http://www.arnowitzproperties.com/foreclosures.asp
Bradley E. Arnowitz, P.A. & Associates will send you a list of properties that match your criteria.
Nationally major banks and other lending institutions have recently written off billions of dollars to reflect the lower value of homes that they have repossessed. With these homes now priced more realistically, lenders are anxious to unload these non-performing assets and, locally, real estate brokers are being enlisted to market and move these properties.
This presents an excellent opportunity for first-time buyers to purchase homes in the Miami Dade, Broward, and Palm Beach Counties at prices well below where they were two or three years ago. Local mortgage loan officers are targeting those families or individuals with recession-proof occupations such as teachers, nurses, firemen and law enforcement personnel. For those buyers with good credit scores, 30-year fixed mortgages are still available with interest rates under 7 percent with minimal or no down payment.
Not so lucky are other potential home buyers - particularly those with poor credit scores, high debt ratios, spotty employment histories, or lack of down payment funds, — who have been frozen out of the market by tightened lending standards as a result of the mortgage meltdown.
Presently a huge percent of the foreclosures have involved subprime mortgages that were given to unqualified buyers, such as the adjustable mortgage. This percentage may change, however, thousands of other homeowners are currently in default on their mortgages. In many cases, banks and other lending institutions are delaying foreclosure proceedings.
Surprisingly, the homeowner and the lending institution both have an interest in avoiding foreclosure which will adversely impact the homeowner's credit for years to come and, at the same time, add to the growing inventory of unsold homes in the lender's possession. With at least 5 percent of homeowners delinquent in their mortgages, a new opportunity has emerged known as a "short sale."
If a mortgage-qualified investor or home buyer can be found for a home whose mortgage is in default, a lending institution is often willing to decrease the amount of the mortgage by as much as 25 percent or more in order to reduce its inventory and avoid lengthy and costly foreclosure proceedings.
It is important to know that all parties to a "short sale" must be in full agreement. Sometimes there is a second mortgage on the home and, in the event of a foreclosure, the second mortgage would most likely be wiped out. Therefore, in a "short sale" the second mortgage holder must be amenable to accepting a token amount.
How does a homebuyer, find a seller?
Sign up for our FREE List of Distressed and Foreclosed Properties @ http://www.arnowitzproperties.com/foreclosures.asp
Bradley E. Arnowitz, P.A. & Associates will send you a list of properties that match your criteria.
There can be pitfalls to a "short sale." If the mortgage is substantially reduced, the IRS may consider the reduction as taxable income to the seller. However, if the seller is nearly insolvent, the IRS does not pursue the matter.
The benefit to a potential buyer in finding a homeowner, teetering on the verge of foreclosure, is that a price can often be negotiated with the lender that is substantially below market value. If the home has already been foreclosed, the lender usually wants to recapture the time and money spent in the foreclosure proceedings.
Usually a "short sale" buyer will be offered a new mortgage by the lender but it is always a good idea for the buyer to have an alternative lender lined up in order to make certain the terms are competitive.
While the buyer may have some sympathy for the homeowner who is losing a home, chances are that the buyer may actually be preserving the seller's credit from total destruction so that, in the future, the seller may re-enter the housing market a little wiser and better prepared financially.
On the opposite side of the spectrum are those who can purchase a property quicly, all cash. The opportunities to purchase at well below value in a short amount of time will always give you the advantage while purchasing a preforeclosure or foreclosed property.
Bradley E. Arnowitz, P.A. & Associates
(305) 776.6113
www.ArnowitzProperties.com
ClientCare@ArnowitzProperties.com
HONESTY * INTEGRITY * RESULTS
Thursday, October 18, 2007
A thought on Negotiating, Advance I say, Always...
Please reflect on this:
People will always try to take from you in negotiation what they could not get from you with direct confrontation. They will even use appeals to fairness and morality as a cover to advance their position. Do not be taken in: Negotiation is about maneuvering for power or placement, and you must always put yourself in the kind of strong position that makes it impossible for the other side to nibble away at you during your talks.
Before and during negotiations, you must keep advancing, creating relentless pressure and compelling the other side to settle on your terms. The more you take the more you can give back in meaningless concessions.
Bradley E. Arnowiz, P.A. & Associates has a reputation for being tough and relentless, yet kind and caring, unyielding and firm, yet savvy enough to know how and when to compromise during negotiations. Realtors and Developers, Buyers and Sellers can expect to negotiate in good faith, prior to even meeting us! Allow us the honor to represent you. Advance, I say, Always!
Reach us on the web @ http://www.arnowitzproperties.com/
ClientCare@ArnowitzProperties.com
(305) 776.6113
HONESTY * INTEGRITY * RESULTS
People will always try to take from you in negotiation what they could not get from you with direct confrontation. They will even use appeals to fairness and morality as a cover to advance their position. Do not be taken in: Negotiation is about maneuvering for power or placement, and you must always put yourself in the kind of strong position that makes it impossible for the other side to nibble away at you during your talks.
Before and during negotiations, you must keep advancing, creating relentless pressure and compelling the other side to settle on your terms. The more you take the more you can give back in meaningless concessions.
Bradley E. Arnowiz, P.A. & Associates has a reputation for being tough and relentless, yet kind and caring, unyielding and firm, yet savvy enough to know how and when to compromise during negotiations. Realtors and Developers, Buyers and Sellers can expect to negotiate in good faith, prior to even meeting us! Allow us the honor to represent you. Advance, I say, Always!
Reach us on the web @ http://www.arnowitzproperties.com/
ClientCare@ArnowitzProperties.com
(305) 776.6113
HONESTY * INTEGRITY * RESULTS
Tuesday, October 16, 2007
Keeping Your Earnest Money Safe
When you make an offer on a house, it is accompanied by an earnest money check. Earnest money is intended to demonstrate that you are "in earnest" about purchasing the property.
The earnest money check is normally made out to the listing company. What happens to this check? The party holding the check acts as an escrow agent until you go into closing. At that time you will receive credit for the amount of your check against the down payment and closing costs.
Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money funds. Be sure to review this part of your contract with the real estate agent. If you are in default on your agreement, the funds may go to the sellers, so be sure that you understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. If you have any questions, be sure to ask us for advice.
Bradley E. Arnowitz, P.A. & Associates
ClientCare@ArnowitzProperties.com
(305) 776-6113
HONESTY * INTEGRITY * RESULTS
The earnest money check is normally made out to the listing company. What happens to this check? The party holding the check acts as an escrow agent until you go into closing. At that time you will receive credit for the amount of your check against the down payment and closing costs.
Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money funds. Be sure to review this part of your contract with the real estate agent. If you are in default on your agreement, the funds may go to the sellers, so be sure that you understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. If you have any questions, be sure to ask us for advice.
Bradley E. Arnowitz, P.A. & Associates
ClientCare@ArnowitzProperties.com
(305) 776-6113
HONESTY * INTEGRITY * RESULTS
Saturday, October 13, 2007
The Cause and the Effect
The serious decline in housing sales is well documented. This downturn was preceded by several years of rising home prices in our area. The driving force fueling the rise in home prices was the availability of low interest money. Easy availability of home mortgage money, plus historically low interest rates, allowed the demand side of the market to build.
When buyers could expect 15 percent to 30 percent appreciation and get 6 percent interest rates, who would not be motivated to buy? It was a no-brainer! Of course, high demand leads to higher prices. And, high demand leads to more new homes, as builders respond to the demand.
The underlying expectation was that the market value of the home would increase quickly, and the buyers would be covered, if they needed to sell. Home ownership became speculative.
Sub-prime, alternative, no-doc and other high risk loans are not limited to low income or poor credit buyers and are not always predatory. Often, very sophisticated borrowers chose to keep their cash and leverage the purchase. In all price ranges, the easy availability of low interest money fueled the demand for home ownership, as well as investment in rental property. Inevitably, the demand for homes led to price increases and elevated inventories. Then, the cycle was broken.
What caused the break? Foreclosures. Investors soon realized mortgage-backed securities contained more risk than expected, and they stopped buying them. Suddenly, lenders did not have this new market for selling many of their loans. Without the flow of funds for easy mortgages, demand for homes slowed down. Prices began to fall and oversupply conditions prevailed. This has created challenging conditions for many home sellers.
Of course, real estate markets are local and some localities will fare better than others. But, in nearly all areas, the effects of the new tighter requirements for home mortgages will slow the market.
For the next year, sellers will have to consider the fundamentals to attract a buyer. They will need competitive pricing, excellent presentation and top-level marketing. Buyers will have to have a down payment, good credit and proper income for their loan.
We are your local experts, we provide excellent, honest representation, and hold honesty and integrity above all else. Please allow Bradley E. Arnowitz, P.A. & Associates the honor of marketing your home to qualified buyers.
Visit us on the web: www.ArnowitzProperties.com
Contact us at (305) 776-6113 or @ ClientCare@ArnowitzProperties.com
BRADLEY E. ARNOWITZ, P.A. & ASSOCIATIES
HONESTY * INTEGRITY * RESULTS
When buyers could expect 15 percent to 30 percent appreciation and get 6 percent interest rates, who would not be motivated to buy? It was a no-brainer! Of course, high demand leads to higher prices. And, high demand leads to more new homes, as builders respond to the demand.
The underlying expectation was that the market value of the home would increase quickly, and the buyers would be covered, if they needed to sell. Home ownership became speculative.
Sub-prime, alternative, no-doc and other high risk loans are not limited to low income or poor credit buyers and are not always predatory. Often, very sophisticated borrowers chose to keep their cash and leverage the purchase. In all price ranges, the easy availability of low interest money fueled the demand for home ownership, as well as investment in rental property. Inevitably, the demand for homes led to price increases and elevated inventories. Then, the cycle was broken.
What caused the break? Foreclosures. Investors soon realized mortgage-backed securities contained more risk than expected, and they stopped buying them. Suddenly, lenders did not have this new market for selling many of their loans. Without the flow of funds for easy mortgages, demand for homes slowed down. Prices began to fall and oversupply conditions prevailed. This has created challenging conditions for many home sellers.
Of course, real estate markets are local and some localities will fare better than others. But, in nearly all areas, the effects of the new tighter requirements for home mortgages will slow the market.
For the next year, sellers will have to consider the fundamentals to attract a buyer. They will need competitive pricing, excellent presentation and top-level marketing. Buyers will have to have a down payment, good credit and proper income for their loan.
We are your local experts, we provide excellent, honest representation, and hold honesty and integrity above all else. Please allow Bradley E. Arnowitz, P.A. & Associates the honor of marketing your home to qualified buyers.
Visit us on the web: www.ArnowitzProperties.com
Contact us at (305) 776-6113 or @ ClientCare@ArnowitzProperties.com
BRADLEY E. ARNOWITZ, P.A. & ASSOCIATIES
HONESTY * INTEGRITY * RESULTS
Wednesday, October 10, 2007
OPEN HOUSE - FREE LUNCH TODAY!
- Open House - Wednesday, October 10th
- 11:30 AM - 3:00 PM
- FREEE LUNCH WILL BE SERVED
- BRING YOUR APPETITE, YOUR FRIENDS & CLIENTS!
- NO REASONABLE OFFER SHALL BE REFUSED!
- MOTIVATED SELLER
- 2000 ISLAND BL #610 "Williams Island"
- Click for map
VALUE PRICED AT $267.OO PER Sq.Ft.
LEAST EXPENSIVE OF COMPARABLE SIZE IN BUILDING!
Presenting this fully updated two bedrooms, two baths, residence. Fresh paint, cherry wood floors, new carpet in bedrooms, chef style kitchen, stainless appliances, and granite counter tops, marble baths, and tasteful window treatments. PET FRIENDLY. Enjoy all that Williams Island has to offer. World Class Health Spa, Tennis, Boating, Island Club, Social Events, Restaurants, and Security.
HOSTED BY: Bradley E. Arnowitz, P.A. & Associates
ClientCare@ArnowitzProperties.com - http://www.arnowitzproperties.com/
HONESTY * INTEGRITY * RESULTS
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