Google and Real Estate

Google has just added new feature to its Google Maps. It’s wicked cool!
Click the link:
http://maps.google.com/maps/mm?mapprev=1
Type in some address, say 1206 Madrid St,. Coral Gables, Fl. Hit “Search Maps”.
Click on the “Mapplets” folder, then check the Google Real Estate Search box and leave the other boxes blank. Type in some criteria and Hit “Search”.
The map will then be [...]

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See Coral Gables in a new way

This is very cool.
http://www.criticalmiami.com/2007/05/29/miami-gmaps-street-views
For professional advise on all aspects of buying or selling real estate, please contact me at-786-287-9272 -email:Richard@RichardRecuset.com

The Recuset Group. Richard Recuset-Multi-Million Dollar Producer

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Commmercial News

First qtr. commercial real estate index rises again, but decelerating
by Bend Weekly News Sources
http://www.bendweekly.com/Real-Estate/6297.html
Oh no! Not the commercial market too.
*Note- The commercial market is very strong in Coral Gables and is not showing any kind of let down at this time. See related post.

For professional advise on all aspects of buying or selling [...]

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Short-sale and beyond

Uncle Sam is always with you. What a guy.
You did a short sale and now your done, right? wrong! There’s still someone else you have to settle with. Yes, that’s right, our beloved Uncle Sam.
You still have to pay taxes on the loss your mortgage company took. If your mortgage company takes a $50,000 loss, you will then owe [...]

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Commercial Property trading in the Gables

Morgan Stanley Real Estate is buying out Crescent Real Estate Equities Co. for 6.5 Billion and said it expects to close by the end of the third quarter. Crescent owns prime real estate in Downtown Gables. http://southflorida.bizjournals.com/southflorida/stories/2007/05/21/daily19.html?jst=b_ln_hl

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Zillow knows Zilch

For those who know the Coral Gables Market, see for yourself.
http://www.zillow.com/search/Comparables.htm?zpid=43910896
Zillow is not only off the mark but it’s zestimate is downright ridiculous. In this example, 1206 Madrid St, listed for $649,000, it uses compatibles outside Coral Gables and the ones in Coral Gables don’t come even close to the subject property. And as a result it gives this [...]

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The lending hand has tightened up.

In the great old days of real estate between 2001 and 2005 people in the know and with the means, would buy as much property as possible, finance with little or nothing down and then make the smallest allowable monthly payments. Well, that’s exactly what you are supposed to do when the going is good and prices [...]

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Pre-Foreclosure

Here you go folks. This is one of those great opportunities that you always hear others capitalizing on but has never happened to you. Until now. So step right up. This could be your time.
If you snooze you…..
And the first caller is?

 Adj.Sqft. 2,195             Lot 7,500
Surrounding homes on the same block go for 700-1.M
BEAUTIFUL DREAM HOUSE IN CORAL GABLES [...]

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Exxon/Mobile Gas

  Do not buy!!!!!! 
I’ve never forwarded any of these sorts of emails but this one is an exception, for the good of the nation.
(My personal database is reaching 6,000 so just imagine. Keep reading…..)
I like to thank one of my best clients for forwarding this to me. Best Architect/Developer in the business. You know who you are! 
Do [...]

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Escrow

A client asked me about escrow as I was writing up the offer to purchase.
These are the basic facts you should know about escrow.
Escrow instructions should specify in writing how and under what conditions monies will be disbursed, especially if the transaction doesn’t close.
Escrow is a fiduciary relationship but is limited to the [...]

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