Monday, July 28, 2014

Secrets of Realtors New York, nude, Thus houses sold in the wildest market

When you are looking for apartment in New York and a real estate agent shows you an apartment the size of a shoe box is most likely tell you that it is "a great opportunity" to "very spacious for that price." The truth is that many of these taglines seem to be taken from a manual. Why? So simple, because large firms have Big Apple 'book style' with which indoctrinate their employees.

The British newspaper "The Guardian" has had access to one of these manuals. These are the secrets to sell homes in the wildest real estate market:

1. "You can not climb the ladder of success dressed like a failure." The "dress code" is essential when selling houses, commercial real estate should provide a good image. The lack of cleanliness, dress too 'casual' or stains on clothing remaining opportunities to close operations.

2. Flee phrases like "this is just the floor you were looking for." In a big city like New York, many of the apartments for sale and rent are not exactly the home of your dreams. Exaggerate the qualities of a home is an error

3. "Do not worry about the apartment, take care to bring the customer to our office." Competition between the various agencies is brutal, which is why the key is not right the first housing to teach a client but convince him to accompany you to your office, where you can display all the catalog that the company has in portfolio.

4. "Never teach him a flat to a man without his wife." It is a waste of time. Realtors in the Big Apple are clear that decision making is a task at least joint, if not made ​​directly by the woman.

5. "Teach apartments with a slightly higher than the maximum you want to spend the customer price." Most likely they can afford it and your commission will be higher.

6. "For each one there are between five and 10 candidates." Besides being true, the client will make you feel a hopeless sense of urgency to close the deal.

7.- "Almost no one spends much time at home." If an applicant for a visit is concerned about the size of the apartment is the perfect phrase.

8.- "No customers get confused with / as until we have rented the apartment and charged the commission." No need for words to explain this phrase, it is pure common sense: first the business and then pleasure.

Wednesday, July 23, 2014

Housing starts in the United States in June down 9.3% to 893,000 units

The construction of new homes in the United States started during last June reached 893,000 units annualized, after falling 9.3% from a revised 985,000 in May, according to Commerce Department figures.

However, the American government reported that this figure is 7.5% higher than the same month in 2013, when the construction of 831 new homes started.

Meanwhile, the housing building permits granted in March fell 4.2% from the previous month to 963,000 annualized authorizations. However, exceeding the 2.7% figure a year ago.

Also, the annualized housing completed in the sixth month of the year reached 789,000 units, up 12% from the revised February figure, but 3.4% more than in the same month of 2013.

Monday, July 14, 2014

Agents Real Estate In Mexico And U.S. Agree to Sale Properties

As we all know, the relationship between Mexico and the United States has always been very broad in all aspects, whether for better or worse, always in Mexico is the slope of American decisions and in the U.S. it is the slope decisions in Mexico, due to its wide commercial and social relationship. It also enlarges the relationship knowing that many Mexicans go to the United States to re start a life or start a new alongside their loved ones, just as there are U.S. citizens who choose to travel to Mexico in search of a different life.

Today, realtors Mexican and American roots, have agreed to promote, through the signing of an agreement to cross-Mexican properties in the U.S. and vice versa, increasing the market in the field of real estate and raising the probability sales through other countries.

The Association of Realtors Texas (Texas Realtors) confirmed that this agreement will allow and promote the sharing of information about different marketing techniques that can be used to promote property using educational contents and improve business practices . This, say the Association will also help understand and promote the benefit is having real estate opportunities internationally, increasing the market and giving more confidence to the field of real estate that has been affected as a result of the explosions economic crises in different parts of the world.

In the document, you can read the recently signed agreement represents a major commitment to organizations of real estate agents in the U.S. and Mexico. Also claimed that in recent years has been able to see a growing interest in obtaining goods in the United States by Mexicans, but has also been a similar reaction in the U.S. population.

This ensures that you more opportunities in international real estate and increase educational opportunities for members of the real estate as well as more resources for those interested in international markets. This agreement was signed at the annual conference of Realtors Texas held this past weekend in San Antonio, Texas, 75 establishing collaborative partnerships between local associations of realtors in Texas.

Monday, July 7, 2014

The increase in housing prices lead to inflation to the target Issuer 3% in June

The prices of the basket would have increased 3% in the past year, to June, which would lead to the inflation target of the Bank of the Republic. The market suggests that housing, food and fun are the products that have had the highest growth in the sixth month of the year.

Foreseen by the average analyst, who according to a Probe LR projected variation in the Consumer Price Index (CPI) in June will stand at 0.3%, bringing the figure to be revealed tomorrow the Dane, in the last twelve months amount to 3%. The increase would be higher than in the same month in 2013, when it stood at 0.28% and the twelve month figure reached 2%.

The sector that presented the greatest increases in this month would be the housing. Santiago Alvarez, Professional macroeconomic analyst firms, indicates that increases in this area should not only to a rise in rents, but the increase in house prices, which is related to the limited supply of land and building . This added to the value of public services has increased due to low reservoir levels by drought.

The Central Bank has warned of an increase in appropriations in the country and the manager José Darío Uribe said after the latest board their concerns especially the increase in the mortgage portfolio, which in the end is being reflected in prices.

The food, meanwhile, would register an increase of 0.66%, according to the projection of Bancolombia, higher than in June 2013 figure but lower than in May this year.

Oscar Jaulin, Serfinco macroeconomic analyst, believes that food prices are over correction coming after submitting the low figures recorded last year. "We do not believe that after growth of 1.17% last month this item follow with this performance and risk in this month we see the low, after five months up above 0.5%."

In the sector of entertainment, there are opposing views among analysts, because while a project that will have fallen on account of the transfer of the Colombian professional football late in May, which made this month to shoot this category, other as José David López, economic analyst and Investment Advisors, says that the World Cup will be promoting the rising prices in this sector.

In the past five months, the result of inflation has been above market expectations, which has made the long-term projections increase. Before this, the Central Bank increased the interest rate by 25 basis points at its last meeting to 4%. In fact, the Issuer warned that in the last month increased the upside risks to inflation.

Increase year-end projection to 3.4%
After inflation of 0.48% in May, well above that expected by the market consensus of 0.31%, most experts revised their inflation forecast for the end of the year and went from 3 1% according to a Probe LR to 3.4% this month. Ana Maria Toro, consultants Securities analyst, said the increase is also due to the good dynamics that is taking the economy and growth of 6.4% in the first quarter.

In some analysts' expectations and the impact it could have on El Niño, which is expected for the second quarter of the year is included. Daniel Velandia, director of economic research at Credicorp Capital, said before the results expected by the Issuer continuously increase the interest rate to reach 5%.

Wednesday, July 2, 2014

Real estate of starts

2013 introduced a coup that transformed the real estate industry in Mexico. The outcome is clear that there is a change in public housing policy of the country and seeks to institutionalize more sources capitalization is defined by the level of investment in government work this administration and the effect it will have tax reform. The truth is that the changes and losses that occurred this year will bring the potential for immediate opportunities.

This year the big construction of social housing as GEO, Homex and Urbi plummeted; but also says the mismanagement of the three, the main cause of their decline is a change to the policy of expanding housing. While in the past Administration the horizontal development of houses to the outskirts of metropolitan areas is encouraged, the government entered declaring a stop to this practice. Unfortunately, these companies, and many more, had made a constant practice of buying land reserves near urban areas with the expectation of future developments and to protect and Gaining price thereof; ended up losing a bet with severe consequences.

Current policy favors the vertical expansion of existing homes through permits, subsidies and credits. If this vertical expansion is accompanied by an improvement of the services that have already hosted zones, will be better for the environment, society and economy. In this last administration differs because it is easier and cleaner to require new buildings to have areas with services sue who enters an existing zone increase streets, drainage, electricity and access to public transport.

While reformers claim that the inclusion in the collection of income tax of properties over $ 3.7 million pesos only affect 2 percent richer country, this area is also the most attractive for developers and the secondary impact it has on the economy is anything. Then there are the indirect effects on the income of the middle and upper classes.

Finally, there is as yet unknown policy work be undertaken by the new administration. They certainly have the budget available, so the expectation is a recovery in public works at least to the levels of the past six years.

The gain in SP grew 30% due to insecurity in NL

The uncertainty factor changed the map of the demand for house-room in the metropolitan area of ​​Monterrey, the number of its inhabitants emigrate to San Pedro Garza García, which in the past three years led to an increase of up to 30 percent in goodwill , an unprecedented event in the state and in the country, said Jorge A. Paredes Guerra, CEO of real estate firm Realty World.
"He had not given-an increase in property prices and exponentially-fast as usual," he said at a press conference.

The manager mentioned that to the environment prevailing insecurity in recent years, prices rose due to increased demand for living in the municipality of San Pedro Garza Garcia, regarded as the safest in the state.

"Almost had a mobility of people not only from the entity left municipalities of Monterrey, San Nicolas de los Garza and others to go to shelter to San Pedro Garza Garcia, also from other states and not to mention foreign" .

Paredes Guerra said he had never given this growth especially in a time of economic crisis; Now, this trend is expected to stabilize, since the perception of insecurity in Nuevo Leon is changing, which is reflected in the movement of home buying operations in areas such as summits and even the National Road begin to recover.

"The property market has been normalizing it for a year, so now standing for sale properties in areas like Summit in Monterrey, at a good pace," he said.

Paredes Guerra said that in the last two years, Mexico has implemented a number of changes and incorporation of laws that have changed the way they relate to customers, in addition to operating as a real estate agency. That is, that after the publication of the Data Protection laws, Forfeiture and Money Laundering, Reality World has had to apply full security and investigation procedures.

The above said, the Bureau has involved proceed Landlord, with platforms and access to 82 databases ranging from the Attorney General's Office and similar entity, to the FBI, Interpol, among other instances to rule out any illegal operations or criminal records who want to buy or sell a property.

Today, no company makes a real estate transaction to purchase a property 24 or 48 hours. Now it takes at least a week.

"Since these filters are implemented in the organization have been detected a number of illegal operations (us) as real estate companies have had to report to the proper authorities," he said.

Of the total lease transactions that take place in the state, 10 percent fall into "suspicious" transactions.

Tuesday, July 1, 2014

Latinos raised the real estate market in Miami

Attracted by what they said are cheap and ready to pay cash prices, Latinos have become buyers of condominiums, apartments and houses, as part of its investment strategy or just to have a second home. They are taking advantage of the money that allowed them to gain the momentum of the economies of Latin America, a region that managed to bear with dignity the global financial crisis. Not only are they hunting for houses. Come to the city to launch the shopping and take possession of all kinds of goods, from iPads and designer dresses to overpriced jewelry.

This wave has revitalized the business property in Miami, where developers are presenting new projects even when Florida was one of the hardest hit by the housing market collapse. He also turned the city into one of the essential destinations for international investors.

"Latin America has helped revive our market," said Jorge Perez, CEO of Related Group, a leading real estate companies in South Florida. Venezuelans lead this phenomenon. Like many Latin Americans, they historically have turned to real estate in Miami as a safe investment in times of political and economic volatility in their countries. According to the Association of Realtors Miami, Venezuelans were the biggest buyers in 2011 and accounted for 15% of all sales to foreign customers, closely followed by Brazilians and Argentines.

Last year, sales of homes and condominiums in Miami rose by 46% compared to 2010, which involved a record, the association said. The condo prices began to recover in the second half of last year, while values ​​in several Latin American countries have for years been rising steadily.

Chávez effect

Venezuelans better position, with reduced investment opportunities at home and worried about what they describe as a crackdown on the property market in the country by President Hugo Chavez, have become coveted clients for real estate agents and brokers.

"They take away their checkbooks," said Harvey Hernandez, who was born in Venezuela and is now manager of Newgard Group, a firm that develops BrickellHouse, one of the first apartment towers to be built since the collapse of the market. More than half of the 374 units were sold BrickellHouse, Venezuelans and represent 40% of buyers. The tower, located in the business district of Miami overlooking Biscayne Bay, will begin construction later this year. Venezuelans have helped revive the property market in suburban Miami Doral and Weston, home to large communities of compatriots.

"Is Chavez effect," he said Cleto Puzzi, a Venezuelan who had sold an apartment in Spain and bought two in Doral, now rented. "You can not invest in Venezuela now," he added.

The wave of expropriations began Chavez has scared many Venezuelans good position. Last year, Chávez passed laws that make it harder for landlords to evict delinquent tenants, something that frightened property owners and cooled interest in one of the few investment options in Venezuela.

sophisticated Brazilians

A recent report RelatedISG a real estate group based in Miami, said prices of the apartments and condos in downtown Miami were lower than newly built properties in several South American cities like Rio de Janeiro, Sao Paulo, Buenos Aires and Bogota. The exorbitant prices in Brazil also led the Brazilians to search for properties in Miami. Driven by the recent appreciation of the real, the Brazilian shoppers are also noisy shopping centers, where Portuguese language is already part of the environment.

For Brazilians, "everything is so cheap. Dine, buy a shirt, buy a condo," said Claudio Stivelman Jacques, president Shefaor Development Company, based in Miami and a native of Brazil. Brazilians with big money have generated particular interest in Miami real estate agents, who say that South American look sophisticated oceanfront properties. "They are buying into the range of more than a million dollars," said Zalewski.

Foreign interest is not limited to purchase real estate. International developers are also involved in more than 20 building projects, many of which could be offered to investors worldwide.

in cash

The interest of Latin American has led the real estate developers, many of whom suffered losses during the housing crisis in the United States, to adopt new models of financing and sales. Before the bubble burst, depended heavily on bank financing. But as the crisis unfolded, entrepreneurs began to see how customers abandoned their deposits and how banks, worried by falling house prices, closed access to credit. Soon, empty towers abounded in the Miami skyline.

Because Latin American and other non-American buyers now account for a majority of sales of real estate in Miami, developers have adopted a more targeted financing option to pay in cash, preferred by international buyers.

The pay as you go system (pay as construction progresses) means buyers finance as certain stages of construction are met. It is widely used in Latin America and requires buyers to pay up to 80% of the final price of the property before it is finished. "I do not think it's a long-term stance is a reaction to the current shape of the market," said Perez.

Iván Pérez, a lawyer of 40 years in Caracas, recently bought two apartments in BrickellHouse 250 and 400 thousand dollars. "Miami is like my second home," he said. The political instability in Venezuela was one of the major factors in making the decision, he added.

Some real estate entrepreneurs who frequently work with Venezuelans expect their interest in the Miami real estate market remains strong, especially if Chavez wins the presidential election later this year.

Eli Santurio, sales manager of Keyes Realtor, said many employers in the sector are joining Venezuelans when monitoring the campaign for the October vote. "That's what everyone is talking about," he said. "If Chavez wins, then sales could increase a lot," he added.