Valeria Grunbaum, founder of The International Real Estate Academy, is the author of “Success with International Customers” and the audio CD “Invertir para Ganar en el Sur de La Florida.” For the past 10 years Valeria has been working as a Realtor with international real estate investors in Miami. She is an instructor in the National Association of Realtors’ Certified International Property Specialist (CIPS) program and a TRC (Transnational Referral Certification) instructor for the International Consortium of Real Estate Associations (ICREA ).
Valeria is frequently invited to speak on international real estate topics, including The National Realtors Convention organized by NAR, the Miami Association of Realtors’ International Congress, FECEPAC in Central America and SIMA in Spain. Besides her work as a speaker, trainer and coach, she is a frequent guest on TV, radio and newspapers to discuss Miami real estate.
Here is the reality in Miami property: the market has shifted. Inventory is going down every day and as a result prices are going up. And now you are probably asking, "Does that mean I missed the bus?"
If you are thinking of coming to Miami to buy a property, there are a few things that you need to know before you arrive so you can plan accordingly. I want to divide the process of buying a property in Miami into three phases to make it easier for you to plan ahead.
I don't want to get all philosophical here, but some buyers get to a point where indecision can paralyze them and even kill a deal. Are you one of them? Let's get real here--It could be the most important and biggest investment of your life.
If you are an international buyer interested in Miami, one of the things you need to decide is what is more important for you: annual return on investment or return on the value of the property? What is the difference?
If you are an international buyer looking to buy a property in Miami, there are three steps to help you achieve success. Step 1. Search. Most people think that the process starts with the search for the property.
We have heard many times "money is king," but in Miami timing is what matters most right now. About a month ago I was showing properties to a client with a very tight budget. We could find only six properties in his price range.
Last week I was working with an international client looking to buy a property in Miami, and they asked me to find something completely unobtainable--a 3-bedroom condo in South Beach for $170 per square foot.