The State of Miami Real Estate presented by Miami Real Estate Specialist Alex Shay

[alex shay]

What is the state of Miami Real Estate? Is it good? Is it bad? Should I buy? Should I sell? These are the questions that people interested in real estate are asking. According to Miami real estate specialist Alex Shay, the state of Miami real estate is just fine. “The market has definitely slowed this year”, he said, “but really, there is nothing to worry about.” Although luxury homes are not selling as quickly as they did a couple of years ago, it’s not because people who buy luxury real estate are strapped for funds. They are just playing a waiting game. Those who are looking to buy luxury homes are waiting to see if prices will come down. According to Shay, prices may come down in Miami Beach, but they won’t come down very much. The demand will be there for luxury waterfront property, because Miami is an international city.

Homes and condominiums that are priced below a million dollars are selling well, and that is a good sign, because it demonstrates the continued demand for property in Miami. “It’s only going to get better” states Alex Shay, “and anyone who owns a home in Miami is going to be very glad they do.” The gorgeous homes featured on his Miami real estate site, are all going to sell, says Shay, and although the asking prices of many of those homes will come down a bit, sellers are still well ahead of the game, because just a few years ago, they would never have believed that their homes would be worth what they are valued at in today’s market.

“Many prospective buyers of luxury homes in Miami and Miami Beach visit my site and then call me. They want to know about Miami real estate, and they ask me lots of questions”, says Shay. He tells them that if there is a deal to be made, make it now, because there are enough homes on the market for a buyer to make a very sound deal, and the state of Miami real estate is just fine. “If you love Miami, and want to make your home here, it’s a wonderful time to buy” he says, “and if you do buy, you are going to be very glad you did.” Homes have continued to climb in value in Miami for the past 20 years that he has been in the real estate business, and he sees the continued demand for Miami real estate.

[HomeSurfer]

Duplicate self-promotional "puffery" content placed on many forums may get you an accidental visitor or two, but... this isn't the kind of stuff that your IEC (Internet Empowered Consumer) is looking for.

IEC is Mike Russer's term.

If you post something truly informative in the right place, that is better. Forums are for talking to one another genuinely about stuff, not about puffing yourself up with a public relations piece.

Keep in mind though, "Free advice is worth exactly what you paid for it."

[aaronfunding]

hay alex i have no problem with you posting here i think you are very expierenced and know what you are saying and listen i understand why you try to sell natrually you want money well i know of a way that you can make a double sided income on every deal you do without working any harder in fact even less it involves no selling or phone calls etc and it does not cost a thing no i am not trying to sell you anything so if you are intrested in this you can send me an email and we can discuss this more in lentgh i do not do this for anyone i have looked at your website and i believe that you fit the critirea of what we are looking for my email is alev@approvedfunding.com

[Cash Home Buyers _ com]

Kind of weird reading some one's post quote himself in the third person, why not just state your opinion.

Either way, the long term Miami real estate market will be fine, but the short term worst is yet to come. There are way too many condos coming online for the market and the market is cyclical, no way to change the cycle. It is currently on the down slope, but far from the bottom.

Sorry to burst your "bubble"

Scott

[REbuyersgroup]

I met with the owner of CondoVultures in Miami today. He has a very interesting method and looks at the Miami condo market much differently than most.

There are substantial bargains to be had and he watches over the market like a "vulture" when an opportunity presents itself, he keeps it in a database for potential buyers.

I expect his business to boom over the next year, as late term investors and financially strapped owners look to sell their properties even at a loss just to stop the bleeding. If you are not pickey and want a really good deal, these guys go so far as background check of the seller looking for anything that will give them an edge in the negotiation. I would not purchase a condo post early 2005 prices or less.

If you have been to Miami recently, it is a city of cranes, and I don't mean the ones that fly. Someone has to own all those condos someday.

Miami is a very scarey market right now, but depending on what side your on, it could be very lucrative.