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The high retreat: owning properties under blue sky and palm trees

by Kijner & Sons International Realty

 


Summer is officially over, children are back to school and as we welcome Fall, many of us are already planning for the upcoming holiday season and ways to diversify our assets in this tied economy.

Whether you are a savvy investor, a young professional or an active retiree, this time of the year is also perfect to look for business opportunities in real estate and make your dream of owning a property under the Floridian sun, a reality! Finding an enjoyable place to retire, sending your children study in a renowned American university or coming back for vacations to your beloved second home year-round has never been easier! Comparing to Europe, the “Sunshine State” still offers lower cost of living, cheaper housing solutions no matter the investment (residential, commercial or land) as well as some of the world’s most beautiful beaches and boating spots.


According to the Miami Association of Realtors® and the local Multiple Listing Service (MLS) systems “the total number of listings, including single-family homes and condominiums, that pended in Miami-Dade County during the month of July 2012 increased 31 percent, from 2,593 to 3,393, year-over-year and two percent compared to the previous month*”.

We, at KSI Realty, forecast that this trend will intensify gradually especially with lower level of housing inventory available on the market as Canadians and Brazilians - closely followed by Europeans, Argentineans, Venezuelans and Russians - have quickly absorbed the stock of highly discounted homes in the Southeast Florida market for the past 2 years. This “micro” boom is not only seen in the Greater Miami area (Dade and Broward counties) but also in the Orlando, Tampa Bay and Sarasota-Bradenton-Venice areas. In addition, according to a recent survey by the University of Florida, consumer confidence in the Sunshine State hit five year high in September**.

In light of the upcoming U.S. Presidential Elections, many domestic buyers have withheld their home purchase based on expected tax benefits, cuts or increases depending on who will be in office in 2013. Regardless of the victorious party, we will most certainly see more budget cuts and tax increases under a form or another. Rental demand has been stronger than ever and gives the necessary flexibility and financial freedom to low income Americans. It is a good old game of wait and see – it has always been easier to rent during difficult times than to buy. Nowadays, it has become harder to obtain a loan despite historically low US interest rates. Thus, this is great news if you own a property and want to rent it out for monthly revenues!

The main difference between domestic buyers with foreign buyers (who are responsible for a fifth of Florida home sales***) is that locals still heavily rely on leveraged financing whereas stronger foreign currencies relative to the US dollar and a liquid cash mind-set have greatly benefited international investors in Florida.


Daniel Kijner, KSI Realty’s senior broker-owner and French wealth manager reminds our clients that the key to a successful acquisition resides in strong yields from rental income and future capital gains in the mid to long-term horizon. Well-prepared and organized investors make such plans. Emotional vs. rational is an ancestral battle between the mind and the heart that is usually reconciled by financial rationales. 

The golden rules remain as follow: 

1) Plan ahead with a US tax or real estate attorney and a CPA (we will introduce you to our ancillary network of local partners who are legally competent to assist you in Florida)

2) Retain the right specialists to conduct all due diligences prior to putting all your eggs in one basket – go for the one-stop shop solution

3) Make sure you get a Realtor® who represents your interests and not those of the seller (either an individual or a financial institution for distressed properties) or those of the transaction - basically someone who’s neither working for your nor the seller

By following this clear and simple strategy, many satisfied clients of KSI Realty have saved thousand of dollars in the long run. Making the false economy of $3,000 on a $250,000 transaction may very well turn out to be a $10,000 unplanned expense to salvage for unforeseen bumps in the road.

The litigious and liability driven system in the USA is certainly very different from the one of your home country and this should never be discarded when one takes such an important decision as purchasing a home.

A successful property acquisition is one that is stress free, well planned out and, most importantly, well executed by a reliable and dedicated real estate professional such as a Realtor®.

When the need for excellence arises in sourcing your next income-producing property, primary or secondary residence with relocation and wealth management concerns, KSI Realty is your lifeline partner.

Questions or comments? Contact us at info@kijner.com

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Sources
* Miami Association of Realtors®, " Miami Pending Home Sales Continue to Rise " by Lynda Fernandez on August 30th, 2012: http://www.miamire.com/news/2012/08/30/miami-pending-home-sales-continue-to-rise
** Sunshine State News, " Rick Scott: Florida Consumer Confidence 'Moving in the Right Direction' " by Jim Turner on September 26th, 2012: 
http://www.sunshinestatenews.com/story/rick-scott-Florida-consumer-confidence-moving-right-direction
*** The Miami Herald, " Foreigners responsible for a fifth of Florida home sales " on August 28th, 2012: http://www.miamiherald.com/2012/08/27/2970956/foreign-buyers-still-love-Florida.html


Read more here:
http://www.miamiherald.com/2012/08/27/2970956/foreign-buyers-still-love-Florida.html#storylink=cpy

How Does KSI Realty Work a Successful International Property Show?

by Kijner & Sons International Realty

 

Kijner & Sons International Realty is pleased to share with you in-depth details about one of our recent Overseas Property & Investment Shows that took place in Shanghai, China.

Learn more about how KSI Realty manages the various aspects of an international real estate event, from setting up a colorful and attractive booth to greeting the many visitors and assiting families and investors looking to purchase income-producing properties and/or relocate to Florida (USA), France, Thailand and Costa Rica. 

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Located in Shanghai, China, the KSI Realty team proudly represented themselves at the Shanghai Investment and Property Exhibition Show. The exhibition center is situated in the heart of Shanghai, and the building offers large-scale conferences and exhibition services for important political, economic, science, technology and cultural activities. The center has a total floor space of 80,000 square meters, large enough for massive exhibition shows.

Over the four-day exhibition, from March 15-March 18, the KSI Realty team, representing information on Thailand, Costa Rica, France and the USA, met and discussed many investment and immigration opportunities with various Chinese investors. We were located at booth 2009 situated at the entrance of the show, where the KSI Realty team was pumped, organized and ready.

The booth looked beautiful and was decorated with banners displaying the activities that KSI performs, including banners depicting some of the exclusive properties that KSI Realty was selling in France, Costa Rica, Thailand and the U.S.A. In one corner of the booth, KSI Realty had their representative lawyers from Florida, discussing mainly EB-5 immigration to the United States with potential clients. EB-5 immigration has been very attractive to foreigners looking to settle in the U.S.A and quickly become eligible to be a Green Card holder. Throughout the show, at the front of the booth, the KSI Realty team displayed and handed out various flyers and brochures for people to take at their leisure, depicting the investments to be made in Costa Rica and the U.S.A, as well as immigration to the United States, and even brochures depicting real estate owned properties in Miami Florida

On Saturday March 17, from 11am - 12pm, the entire KSI Realty team, held a free lecture in front of hundreds of people. Each member of the team discussed their activities by giving a brief presentation, and the KSI Realty team was lucky enough to have Charle Yin and Elise Hei as our interpreters. 

For four days straight, non-stop, the entire KSI Realty team was up on their feet, greeting, answering, and assisting potential clients with questions and interests in our portfolio activities. There was constantly a great deal of hype and energy. A great deal of Chinese people throughout the show decided to meet with Marc Kijner, Ivette Loaiza, or Anthony Olson, to receive a more detailed explanation and an in-depth analysis of an investment or immigration endeavor that they wished to take on. Our team was more than happy to sit with visitors for up to an hour, because we understand that our clients have concerns and we are there to assist them. 

Local visitors from Shanghai, as well as from other provinces in China, like Wong Zu and Changzhou, came and attended the exhibition show. Many of the people that came to our booth varied in age, as well as social status. At times, families of four or five came together to inquire about immigration or investment purposes. Most of our visitors were friendly, and were very well informed about the obstacles concerning legal and financial issues when it comes to purchasing properties. The people we were dealing with were mainly business-oriented people, with the occasional elderly couple looking for a retirement home.     

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To read more about KSI Realty's 4 days at the Shanghai Investment and Property Exhibition Show and see photos of the event, click on the links below:

Day 1
Day 2
Day 3
Day 4 

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83-85 Boulevard de Charonne, 75011 Paris, France


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