The best choice of your home living

Archive for September 30th, 2009

Article by Leon Belenky

North Bay Village was literally pulled from the waters of Biscayne Bay in the mid-1940s. This day it is one of the tiny known “jewels” of the three-island community. Set directly between Miami and Miami Beach, North Bay Village is certainly in the heart of all the region has to offer.

Luxury condominiums are a favourite choice for residences in this area, and there are many that wage resort-style accommodations to their owners. Many are also place to use as opulent pass rentals and the visitors all have an outstanding array of amenities and services to enjoy in such astounding locations as the condominiums of North Bay Village.

Currently there are several notable properties in the town including, Blue Bay Tower, The Lexi, Cielo on the Bay, 360 Condominium and The Bridgewater among others. Each provides a distinctive home or rental and apiece comes with its own astonishing assortment of amenities and offerings.

The Blue Bay Tower is a sixteen story structure with only thirty-five residences on the property. It is considered a “boutique” style residence due to its limited number of homes and its exclusive location. It offers residents enormous floor plans, high end appliances, covered and secure parking, views from all locations, private balconies and recreational facilities such as a swimming area and sauna.

The Lexi condo property offers only 164 homes all outfitted with astounding views, floor to ceiling doors and windows, private terraces, energy efficient systems and appliances, luxury woodworking and flooring and a fantastic array of in-house amenities including a fitness center, infinity edge pool, spa, lounge and entertainment center and a comprehensive business center, among others.

If a luxury home is required the Cielo on the Bay property is an obvious choice. It offers one and two story homes, a private marina with docks and slips, covered parking, penthouse homes with outdoor summer kitchens, a spa and sauna, rooftop swimming pool and all of the homes are absolutely outfitted in luxury appliances and materials including granite counters and imported marble flooring.

There are two properties currently under construction in the North Bay Village and those are the 360 Condominium and The Bridgewater. Both offer numerous floor plans and styles and both will have the kind of remarkable water and city views that only homes in the North Bay Village area can provide. Additionally, both properties will have direct access to the waterfront and might wage marina space for their residents.

When looking for the saint Miami area home look to the North Bay Village condominiums for style, convenience and luxury.

About the Author

Sunny Realty of South Florida features technologically advanced and World wide web savvy realtors. They specialize in Sunny Isles real estate, Miami Beach luxury real estate and luxury condominiums. SunnyIslesMiamiRealEstate.com provides instant access to the ideal in Miami Beach real estate.

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For most people, the prospect of selling their home can be positively daunting. First of all, there are usually plenty of things to do just to get it ready for the market. Besides the traditional clean-up, paint-up, fix-up chores that invariably wind up costing more than you planned, there are always the overriding concerns about how much the market will bear and how much you will eventually wind up selling it for.

Will you get your asking price, or will you have to drop your price to make the deal? After all, your home is a major investment, no doubt a rather massive one, so when it comes to selling it you want to get your highest doable return. Yet in spite of everyone’s desire to get the top dollar for their property, most people are extremely unsure as to how to go about getting it. However, some savvy sellers have long known a tiny financial technique that has helped them to get top dollar for their property. In fact, on some rare occasions, they have even sold their properties for more than they were worth using this powerful financing tool. Even though that might be the exception rather than the rule, you can certainly use this technique to get the most money doable when selling your property.

Seller carry-back, or take-back financing, has proven to be a surefire technique for closing deals. Even though most people do not think about when it comes to selling a property, they really should think about using it. According to the Federal Reserve, there are currently over 100 Billion dollars of seller carry-back (seller take-back) loans in existence. By any standard, that is a lot of money. But most importantly, it is also a very clear indication that more people are starting to use seller take-back financing techniques because it offers many financial benefits to both sellers and buyers. Basically, seller take-back financing is a relatively easy concept. A seller-take back loan is created when a property is sold and the seller performs like a lender by assisting in financing all or part of the total transaction. In effect, the seller is actually lending the buyer a certain amount of money toward the buy price, while a traditional mortgage company usually funds the equilibrise of the buy price. A seller take-back loan is secured with the property. The loan then becomes the primary mortgage and is fully secured by the property. In most seller take-back financing transactions, the buyer repays the seller with interest in accordance to mutually concurred terms over a period of time. Usually, the terms call for the buyer to send the payments, consisting of principal and interest, on a monthly basis. This is advantageous because it creates a steady monthly cash flow for the note holder. And if the note holder decides to cash out, he or she can always sell the note for a lump sum cash payment.

Regardless of market conditions, seller take-back financing makes sound financial sense; whereas, it provides both buyer and seller with flexible financing options, makes the property easier to sell at higher price and shortens the income cycle. It also has the added advantage of being an excellent investment that generates a steady cash flow and high return. If you ever need immediate cash, you can always sell the note through our office. If you are planning to sell a property, then think about the many benefits of seller take-back financing.