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The right of first refusal

by Kijner & Sons International Realty

The right of first refusal to purchase clause on a lease may seem clear at the time a lease is negotiated and it is usually viewed as an incentive to the tenant since it does not cost anything. However, a right of first refusal, unless it is very clearly stated on the lease, might complicate matters.

The right of first refusal gives the option to the tenant that before the landlord/seller can sell the property, the tenant must be given the opportunity to purchase it for the same price, terms, and conditions as the offer received from an outside third party.

1. The lease shall state a specific amount of days for the tenant to respond as to whether he accepts or rejects his right to purchase the property.

2. The lease must give certain amount of days for the tenant to have the purchase contract drawn and executed after he/she is notified of an outside offer has been received

3. The provision should state if this is a one-time right or if it continues during the term of the lease for every offer the landlord receives.

4. The third party offer must be in writing and signed by the prospective buyer before it is presented to the tenant for his consideration.

5. One of the complications that it may occur is that if the tenant declines to meet the price being offered by the outside third party, and later on the property closes a a lower price, after the initial agreed price is reduced due to defects found during inspection period, the tenant may claim he was not given the opportunity to buy at the lower price.

6. All communications must be transmitted in writing and are time sensitive.

7. The lease shall define very clearly if any sale to a third party is going to be subject to the existing lease or if tenant or landlord may have the right to terminate the lease at the time of the sale.

Any Realtor® taking a listing with a lease in place should be made aware by the owner if a right of first refusal is in effect. The Realtor® should review these provisions and clearly understands whether or not the listing Realtor® would be entitled to a commission in case such right of first refusal is exercised by the exiting tenant. The Realtor® should be prepared to assist owner/landlord navigate these troubled waters.

Do you have questions about purchasing or selling a property with a tenant in place in Miami or Sarasota Florida ? Contact our Florida agents today at info@kijner.com. You'll be glad you did :)

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Courtesy of Mrs. Terri Alvarez, Broker at Fortune International Realty, Miami FL

 

 

Sarasota-Bradenton Real Estate Market: May 2015 sales continue record pace

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that according to the Realtor® Association of Sarasota and Manatee, "[t]he residential real estate market in May 2015 for both Sarasota and Manatee counties continued to produce near-record sales, pointing toward another potential record-breaking year in 2015." 

Sales levels were at an historical high in both Sarasota and Manatee counties. As an example, 1,182 properties sold last May in Sarasota county with median sales price up 20% for both single homes and condos - single family homes selling for $230,000 and condos for $210,000. Pending sales dropped to 949 while distressed sales, short sales and foreclosures rose to 15.9% of the total Sarasota county sales.

According to Stafford Starcher, the RASM President, "[o]nce again, the market statistics are clearly showing the strength and vitality of Sarasota and Manatee counties (...). We are living in a golden era for local real estate, and the future continues to look bright." 

To read the full May 2015 Report, please click here

To learn more about real estate opportunities in the greater Sarasota Florida area, contact KSI Realty at info@kijner.com.

Where are global buyers searching in the United States?

by Kijner & Sons International Realty



Kijner & Sons International Realty
 is pleased to annonce that according to recent statistics and reports from the National Association of Realtors® as of 12 December 2014, Florida is one of the most sought-after real estate markets for international homebuyers and investors worldwide.

Miami ranked 3rd, Orlando 4th and Fort Lauderdale 6th among the top ten most searched U.S. cities by non U.S. consumers looking to buy a home in Florida

The top most attractive real estate markets and U.S. cities for foreign homebuyers are as follow:

  1. Canada: Los Angeles, Fort Lauderdale, New York, Las Vegas, Miami
  2. United Kingdom: Los Angeles, New York, Orlando, Miami, Beverly Hills
  3. Australia: Los Angeles, New York, Las Vegas, Detroit, Beverly Hills
  4. Brazil: Miami, Orlando, New York, Los Angeles, Miami
  5. Germany: Los Angeles, New York, Miami, Colorado Springs, San Antonio
  6. Mexico: San Diego, San Antonio, Houston, Miami, Los Angeles
  7. France: Los Angeles, Miami, New York, Miami Beach, Las Vegas
  8. India: New York, Los Angeles, Las Vegas, San Jose, Chicago
  9. Italy: New York, Miami, Miami Beach, Los Angeles, Detroit
  10. Russian Federation: Los Angeles, New York, Miami, San Francisco, Chicago
  11. Netherlands: Los Angeles, New York, Miami, Orlando, Las Vegas
  12. Spain: Miami, New York, Los Angeles, Fayetteville (GA), Mcdonough (GA)
  13. Turkey: New York, Los Angeles, Miami, Chicago, Houston
  14. Sweden: Los Angeles, New York, Beverly Hills, Fort Lauderdale
  15. Japan: San Diego, Los Angeles, Honolulu, Jacksonville, Las Vegas
  16. Korea: Los Angeles, New York, Irvine, San Antonio, Las Vegas
  17. Switzerland: Miami, New York, Los Angeles, Miami Beach, Naples
  18. Ireland: New York, Los Angeles, Miami, Orlando, Beverly Hills
  19. Philippines: Los Angeles, Las Vegas, New York, Houston, Denver
  20. South Africa: New York, Los Angeles, Miami, Beverly Hills, Atlanta

Looking to invest in Miami or buy a home or condo in Miami Beach? KSI Realty can help! Contact us today at info@kijner.com

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Sources: Realtor.org Omniture Discover - December 2014

Buying a home during the holiday season

by Kijner & Sons International Realty


Although home buying is generally not people's primary focus during the holiday season, it might actually turn out as a great time if you are on the market for a new house. Whether you wish to relocate to or invest in South Florida, you won't need to slow down your search for the perfect Miami home.   

Let's see some of the advantages of buying a Florida property during these festive months:

1) It's always sunny in Florida: you won't have to cancel your open house because of bad weather conditions. No need to shovel or prep your car for the snow. Just ask anyone from snowbirds to overseas visitors, Winter is probably one of the nicest seasons to enjoy Florida and shop for a house in Miami. 

2) Less competition: let's face it, between shopping for the perfect Christmas gifts, decorating the house, entertaining friends and family or planning your upcoming Winter holidays, fewer people are looking for a house this time of the year. You will thus have more chances to plan and visit properties and snatch your dream house.

3) Motivated sellers: sure home prices in South Florida and Miami have increased in 2014, but generally speaking, people putting their house for sale during the holiday season have a good reason to do so. They are highly motivated to sale and since there are less potential homebuyers looking, they might be more willing to negotiate. 

4) Motivated lenders: again, this is not the busiest season for closings, so lenders might approve you faster. 

5) Better interest rates and possible tax cut with an early mortgage payment: we are currently in a buyer's market with lower interest rates. This is definitely a great time to consider buying a home in beautiful Miami, Florida. In addition, since mortgage payments are made for the month prior, homeowners paying their January mortgage payment early - before end
of December - could benefit from a tax deduction for the upcoming year*.

If you are looking for your next Miami House, Miami Condo or Miami real estate investment opportunity, KSI Realty can help! Contact us today at info@kijner.com

Search now for Miami properties available for rent or for sale by clicking here

Register now to our free and easy email alerts and get your tailored listings daily in your mailbox by clicking here

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*For more information on mortgage payments, possible tax deductions and/or fiscal benefits, please see
 a licensed professional such as certified public accountant or mortgage broker.

South Florida: one of the most attractive real estate markets for international buyers

by Kijner & Sons International Realty


Kijner & Sons International Realty is pleased to annonce that according to recent statistics and reports from the Miami Association of Realtors®, South Florida and the Miami-Fort Lauderdale area in particular are the most sought-after real estate markets for international homebuyers and investors worldwide.

Throughout December 2013, Miami ranked 2nd, Orlando 6th and Fort Lauderdale 7th among the top ten most searched U.S. cities by non U.S. consumers looking to buy a home in Florida. Top overseas homebuyers in South Florida for the month of February 2014 were from South America (Brazil, Colombia, Argentina, Venezuela and Bolivia), Canada, Russia and Europe (France and the UK). 

The top most attractive real estate markets and U.S. cities for foreign homebuyers are as follow:

  • *Canada: Detroit, Las Vegas, Fort Lauderdale, Los Angeles, Miami
  • United Kingdom: Los Angeles, Houston, Orlando, New York, Atlanta
  • Australia: Detroit, Los Angeles, New York, Las Vegas, San Francisco
  • Ireland: Washington, Los Angeles, New York, Chicago, Las Vegas
  • *Brazil: MiamiOrlando, Los Angeles, Fort Lauderdale, Miami Beach
  • India: New York, Los Angeles, Dallas, Chicago, Las Vegas
  • *Germany: Los Angeles, Colorado Springs, MiamiSan Antonio, Detroit
  • Japan: San Diego, Honolulu, Los Angeles, Jacksonville, Oahu
  • *Mexico: San Diego, San Antonio, Laredo, MiamiEl Paso
  • *France: Miami, Los Angeles, Detroit, Miami Beach, New York
  • China: Los Angeles, Detroit, San Francisco, Irvine, Chicago
  • *Italy: Miami, Detroit, New York, Los Angeles, Miami Beach
  • *Netherlands: Detroit, Los Angeles, New York, MiamiLas Vegas
  • Philippines: Ashland (AL), Las Vegas, Los Angeles, Houston, Beverly Hills
  • South Korea: Los Angeles, Irvine, Las Vegas, San Antonio, Atlanta
  • *Spain: Miami, New York, Los Angeles, Detroit, Chicago
  • *Russian Federation: MiamiNew York, Los Angeles, Detroit, Chicago
  • *Sweden: Los Angeles, New York, Miami, Fort Lauderdale, Detroit
  • *Switzerland: MiamiLos Angeles, Detroit, Fort Lauderdale, Naples
  • *Poland: Detroit, Los Angeles, New York, Chicago, Miami
Are you looking to invest in South Florida, one of today's most attractive real estate markets? KSI Realty can help you buy your Miami house or Miami Condo. Learn more about South Florida's real estate opportunities and the Miami housing market by contacting us now at info@kijner.com.

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*Country with Miami or Fort Lauderdale as top searches
Source: Miami Association of Realtors: "Brazilians, Colombians Top List of Consumers Searching Miami Property" (April 6th, 2014) 

The Spring 2012 Paris Property & Investment Show

by Kijner & Sons International Realty

The Spring 2012 Paris Property & Investment Show (Salon National de l'Immobilier) is around the corner and will be held at the exhibition center Paris-Porte de Versailles from March 29th to April 1st, 2012. With over 35,000 visitors, 250 exhibitors and 50 conferences by real estate experts, the Spring Paris Property & Investment Show is an event you cannot miss!   

Kijner & Sons International Realty is glad to be once again participating at this show under the FNAIM pavillion, the French National Real Estate Federation, which by its number, is the first European organization for real estate professionals.

Come and meet with KSI Realty and its certified Realtors® to learn more about investment opportunities and relocation in Florida, Thailand, France and Costa Rica (Booth D38a). This year, we will specifically focus on real estate owned properties (REOs) such as short sales and foreclosures in South Florida and will present you with unique properties whether you are interested in residential or commercial real estate and whether you want to relocate to the Miami or Sarasota Florida area. 

To download your free invitation to the show, just click here. For any other inquiry, do not hesitate to contact us at info@kijner.com.

Jean-Charles Faust receiving the French National Order of Merit

by Kijner & Sons International Realty

Daniel Kijner, Senior Broker Owner of Kijner & Sons International Realty supported his long time friend Jean-Charles Faust, Honorary Consul of France in Tampa, Florida and President of the French American Business Council of west Florida (FRAMCO) who became on January 23rd 2012 knight in the French National Order of Merit* at the University of South Florida in Tampa (USF).  

The reception was led by his Excellency François Delattre, Ambassador of the French Republic to the United States of America since February 2011 and his honorable Gaël De Maisonneuve, Consul General of the French Republic to the State of Florida

 

 

 

Daniel Kijner with Jean-Charles Faust


His Excellency François Delattre, Ambassador of the French Republic to the United States of America with

Daniel Kijner and Jean-Charles Faust

 

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*Founded on 3 December 1963 by President Charles de Gaulle, the National Order of Merit is an Order of State awarded by the President of the French Republic to both French and foreign nationals for distinguished civil and military achievements. 

 


His Excellency François Delattre, Ambassador of the French Republic to the United States of America since February 2011
Gael De Maisonneuve, Consul General of the French Republic to the State of Florida
Jean-Charles Faust, Honorary Consul of France in Tampa, Florida & President of the French American Business Council of west Florida (FRAMCO)
Daniel Kijner, Senior Broker Owner of Kijner & Sons International Realty (KSI Realty), 2012 Chair of the CRS® International Committee & 2012 President Elect of the Florida CRB® Chapter 

Displaying blog entries 1-7 of 7

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83-85 Boulevard de Charonne, 75011 Paris, France


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