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Miami Fine Wine and Spirits Festival

Posted by on Nov 20, 2014 in Blog | 0 comments

November 22nd – 23rd

Miami Fine Wine & Spirits FestivalPeacock Park, Coconut Grove

General Admission: $25
VIP: $59
2-Day VIP: $69

The 5th Edition of the Miami Fine Wine and Spirits Festival will be featuring 7 different shows in this 2 day event.

There will be a VIP Pavilion offering beer, wine and spirits, food, music, private restroom, valet, and a private area to enjoy the time.

Fine Wine and Spirits will also have 4 separate pavilions for Rum, Tequila, Other Spirits and Fine Wine and Beer.

Also featuring this year is Fine Chocolate Pavilion, Culinary Pavilion, Live Music Stage, Demonstration Stage, and Pairing and Tasting Seminars.

For more information click on Miami’s Finest.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

40th Annual Harvest Festival

Posted by on Nov 19, 2014 in Blog | 0 comments

Miami Harvest Festival 2014

Fall FestivalThe 40th Annual Harvest Festival held at the Miami Dade County Fair and Exposition will be held on November 22nd and 23rd.

The event includes handmade creations, arts and crafts, creative gifts and home accessories, jewelry, quilts, candles, handcrafted furniture, plants, pet items, plus more. There will also be delicious foods, live entertainment, a Santa’s work shop, model train village, free kids’ zone, free petting zoo, antique cars and more.

For additional information click Miami Harvest Festival.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Bankruptcy and Your Second Mortgage?

Posted by on Nov 18, 2014 in Blog | 0 comments

Can bankrupt homeowners void their second mortgage?

Article by FloridaRealtors.org

florida mortgages underwaterThe Supreme Court said Monday it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home’s market value has dropped below the amount they owe on the first mortgage.

The justices will consider two appeals from Bank of America, which asserts that bankrupt homeowners should not be able to “strip off” a second loan even if they are underwater on primary loans.

Both cases involve Florida homeowners who were allowed to nullify second loans held by Bank of America. The Atlanta-based 11th U.S. Circuit Court of Appeals affirmed both cases, but Bank of America says the rulings conflict with Supreme Court precedent and every other appeals court that considered the issue.

Bank of America claims hundreds – and possibly thousands – of homeowners in states covered by the 11th Circuit have moved to void underwater second mortgages since the appeals court endorsed the practice two years ago. Those states include Florida, Georgia and Alabama.

“This case presents a critical issue of bankruptcy law affecting a large number of chapter 7 cases,” lawyers for Bank of America said in a court filing. The company urged the high court to clarify the rules “and restore uniformity to the administration of chapter 7 cases across the country.”

About 28 percent of mortgaged houses in Florida are worth substantially less than market value, ranking the state second only to Nevada in underwater mortgages, according to the real-estate-research company RealtyTrac.

Bank of America says in both cases that it loaned money to the debtors secured by a lien on the home. The company argues that even if the primary mortgage is underwater, that has no effect on the lien securing the second loan.
Attorneys for the homeowners argue that none of the other appeals courts dealt with second mortgages “that would be entirely worthless in foreclosure.”

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

4 U.S. Cities Tops for Luxury Homes Price Increase

Posted by on Nov 14, 2014 in Blog | 0 comments

Miami ranked No. 7 in Luxury Homes price increase

 

Article by FloridaRealtor.org

 

best cities for startupsThe value of luxury homes in 33 of the world’s top cities grew 4 percent year-to-year in September, and 0.2 percent quarter-to-quarter – its weakest result in two years, says Knight Frank, though the U.S. outperformed Europe. A year earlier, luxury home prices had grown 6.6 percent.

The Prime Global Cities Index from Knight Frank tracks luxury residential prices across 33 cities. It rose just 0.2 percent in third quarter 2014, its weakest performance in two years.

According to Knight Frank, one Florida city, Miami, ranked seventh worldwide for its increase in luxury home prices. In the U.S., three other cities – Los Angeles (No. 2), San Francisco (No. 5) and New York (No. 11) also ranked high in the 33 markets studied.

In Miami, luxury home prices rose 16.3 percent year-to-year in September, though they fell 3.6 percent over six months and were down 4.1 percent year-to-year.

Jakarta, Indonesia, still tops the rankings, with prices rising 27 percent year-to-year, but that’s unlikely to last. In the first six months of 2014, Jakarta values increased just 2.5 percent.

Los Angeles ranked second with a 16.3 percent annual rise, and Tel Aviv, Israel, third at 14.0 percent, though both are calculated using second quarter figures.

Looking at the recent results, Kate Everett-Allen, partner in residential research for Knight Frank, says different cities are emerging in the luxury home market.

“Although Jakarta tops the rankings, with prices rising 27 percent in the year to June (for the latest data), the city has seen a sharp deceleration in prices with prices rising by only 2.5 percent in the first half of the year,” she says. “In Dubai, the rate of luxury price growth has declined. This is in part due to temporary factors such as Ramadan, which led to weaker buyer activity, but also due to the UAE Central Bank’s mortgage cap, which is stricter for those purchasing properties above AED5million.

“Analyzing the data on a quarterly basis, Tokyo and Cape Town were the strongest performers with prices ending the three month period 9.2 percent and 6.3 percent higher respectively,” says Ms. Everett-Allen.

The moderate price growth is partly attributable to much of the world having summer holidays, which usually slows sales and price increases.
However, prime city luxury property prices continue to outperform mainstream homes.

The average price of a luxury home is 36 percent higher than the index’s lowest point in the second quarter of 2009, but the average price of a mainstream property rose just 14 percent over the same period.

The prospect of negative European economic news, tightening monetary policy in the U.S., the Scottish referendum and approaching general election and ‘mansion tax’ debate in the UK, and the persistence of cooling measures in key Asian cities have also had an effect, Knight Frank analysts say.

On average, luxury prices rose by 10.5 percent on average across North American cities annually compared with only 1 percent in European cities.

For the first time, Seoul in South Korea joins the index. Since reaching a low in 2013, luxury residential prices are continuing to recover, rising by 4.1 percent in the year to September.

 

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Police Host 5th Annual DARE Arts and Crafts Fair

Posted by on Nov 13, 2014 in Blog | 0 comments

DARE Fair Outreach Program

 

DARENovember 15th
9 AM to 5 PM
Car Show from 10 AM to 3 PM
Location: Coral Reef Park (7895 SW 152nd ST)

DARE to make a difference in children’s lives!

Joining DARE’s 5th Annual Arts & Crafts Fair all to benefit the highly effective Drug Abuse Resistance Education program designed for school-age children. This year the organization is expected to raise over $3,000. This will help fund student workbooks, diplomas, and other instructional aids.

Start your holiday shopping early with an array of over 80 different vendor booths. Such items will include unique jewelry, artwork, clothing, food, cool drinks and more.

There will also be a “Cruise In” antique-car show. Other fun events include a bounce house, face painting, Reflections Productions with musical entertainment, student performances, and more.

For more information click on “DARE”.

 

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.