Tag Archives: Howard Chase Real Estate

Howard Chase is named “Best Looking Realtor/Best Personalized Service In Real Estate” in Miami Sun Post best of 2013!

Best Looking Realtor/Best Personalized Service In Real Estate
Howard Chase
Winners in two categories are rare and special things, but Howard Chase and his Howard Chase Real Estate warrant recognition for these distantly-related awards. Chase is deeply aware of the nuances of the local real estate market and he brings that knowledge to the table when tailoring personalized services for both buyers and sellers. He understands the effects of the recent economic downturn and works carefully and successfully with distressed sellers. A specialist in luxury condominiums, Chase offers innovative and practical marketing and promotional plans for sellers and works with buyers from all over the world looking to buy in numerous Greater Miami and the Beaches neighborhoods. All the personalized service is particularly welcomed when offered by Chase, a handsome a specimen as the real estate sector has to offer in South Florida.


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Miami, Florida, Real Estate Guide

Imagine living in a lush tropical paradise filled with sun-drenched beaches and warm tropical nights. The beautiful and exotic neighborhoods of Miami offer an enticing beauty unlike any other. Homes of many shapes, styles and varieties are available, from high rise condos to sweeping mansions and everything in between.

Miami offers a unique Latin flavor with diverse neighborhoods suitable for any type of buyer. Brand new and older condos offer breathtaking views of the Atlantic Ocean off of Brickell Avenue, close to the heart of downtown Miami. Exclusive Aventura offers enchanting residences near exclusive shops, delightful restaurants and the expansive Aventura Mall. You can watch the sun rise over the ocean and then take a relaxing stroll down famous Lincoln Avenue. Single family homes offer close proximity to beautiful Bayside where you can shop, eat or take a taxi – on the water! The differing homes offer all types of price points, suitable for varying needs.

Many different types of homes are available in this busy market. New suburban neighborhoods offer homes characterized by colorful stucco and Spanish features with all the modern amenities. Older homes under mature trees offer sprawling land. Condos provide breathtaking views right in the heart of downtown, where nightlife and the beach are just steps away. Continue reading

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Prices For Miami Beach Luxury Condos Soar To Records

Fancy condos in South Beach and its South of Fifth neighborhood are fetching jaw-dropping prices — $27 million for one this week, maybe $39 million for another soon.

Ultra-luxury condominiums on South Beach are fetching nosebleed prices.

On Tuesday, a penthouse at the Setai Resort at 2001 Collins Avenue closed for $27 million — the highest price ever for a South Florida condominium, according to real estate agents.

“We’re definitely seeing the market turning upward,” said Jeff Miller, of Zilbert International Realty in Miami, who represented the buyer in the sale of the palatial 7,100-square-foot condominium. “We’re seeing buyers come in from all over the globe.”

Just a few weeks ago, Ohio coal mining businessman Wayne Boich Jr. completed the sale of his Icon South Beach penthouse at 450 Alton Road in the uber-trendy South of Fifth neighborhood for just under $21 million.

The 6-bedroom, 7 1/2-bath Icon condo sparked a bidding war that drove the sale $2 million above the listing price — a level that is three times the $7 million Boich paid in July 2007 in the depths of the bust. It was a record price for a Miami Beach bayside condo.

“The luxury market is on fire in South Beach — especially the South of Fifth neighborhood,” said Dora Puig, principal of PuigWerner Real Estate Services, who was the listing broker for the Icon unit. “It’s moving Miami to totally different pricing points.”

The Setai’s record may not reign for long. Continue reading

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New Florida Bill Would Speed Up The Foreclosure Process

TALLAHASSEE — A “faster foreclosures” proposal that sparked consumer outcry and protest last year has resurfaced in a more moderate form, with a new bill filed this week by Rep. Kathleen Passidomo, R-Naples.

The bill, HB 87, offers a slew of changes to the civil procedures governing foreclosures in Florida, where home repossessions are on the rise again.

Most of the provisions are aimed at speeding up and cleaning up the foreclosure process, which currently takes more 600 days to run its course in Florida.

“We need to make the sure the process is as efficient as possible while at the same time giving the borrower their due process rights,” said Passidomo. “Unfortunately, if you don’t have an income or you can’t afford to pay anything, the property can’t just sit in limbo forever.”

The bill — which proposes strict paperwork requirements for lenders, fast-track foreclosure procedures and a shield against some thorny legal scenarios — comes at a time when banks are beginning to rev up their foreclosure machines again after a two-year lull.

Foreclosure filings in Florida jumped 20 percent in the last year, and the Sunshine State now has the nation’s highest foreclosure rate. And even though the housing market is improving, there are plenty of foreclosures still set to take place in the coming years. One in five mortgages in the state are currently delinquent, and more than half of those have not yet entered the foreclosure process, according to Lender Processing Services.

Lenders spent two years cooling down their home repossession machines after news surfaced in 2010 that bank employees had been rapidly filling out foreclosure paperwork without properly reviewing it. The “robo-signing” scandal led to a landmark $25 billion national settlement between states and five major banks last year, clearing the way for a more streamlined foreclosure process.

But nearly a year after the settlement was announced, foreclosures continue to slog slowly through the court system in Florida.

Passidomo’s bill aims to speed things up. It requires mortgage lenders to certify that they have the correct paperwork proving they have the right to foreclose.

The measure also gives condominium associations the ability to speed up the foreclosure process when a bank is moving too slowly. Condo associations have been forced to shoulder significant maintenance costs while banks carry out foreclosures. Banks have been accused of purposefully slowing down the process in order to limit their costs.

For their part, banks get a bit of a gift in the bill as well. Currently, if a lender forecloses on a home and later is sued for doing so wrongfully, the lender can only be forced to pay monetary damages. That means the homeowner can’t get his or her house back — a proposition that could be especially difficult if the bank has sold the home to an unsuspecting third party. Passidomo’s bill would eliminate that awkward scenario, and free the bank from having to recoup a house it sold to another party after a faulty foreclosure.

Some consumer advocates are already speaking out against the bill. It’s the third attempt by lawmakers in the last three years to push for foreclosure reform — and each has led to consumer outcry, including a march on the state Capitol last year.

“Might be a good time to start contacting your Florida state representatives in the state House and Senate on this issue,” Lisa Epstein, a West Palm Beach foreclosure activist, wrote in an email to her followers. “The more Floridians who oppose this bill and the earlier they oppose it, the better.”

The bill sheds some of the controversial provisions of the 2012 proposal, which passed the Florida House but died in the Senate last year.

A provision that would have allowed for faster foreclosures on homes that appear to be abandoned has been scrapped from the new bill. The “apparently-abandoned property” measure faced backlash from consumer advocates who said people would be thrown out of their homes without proper notice.

The measure includes a provision that consumer activists supported last year to limit banks’ ability to go after homeowners for additional debt after a foreclosure.

Banks currently have five years to pursue a so-called “deficiency judgment” against a homeowner. The bill reduces that time-period to one-year.

“The bill has far more borrower protections than what is current,” said Passidomo.

New Florida Bill Would Speed Up The Foreclosure Process. By Toluse Olorunnipa. 2013, January 04. Retrieved from http://www.miamiherald.com/2013/01/04/3167640/new-florida-bill-would-speed-up.html#storylink=cpy.

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Real Talk With Howard Chase- Election Impact On Real Estate And Home Buying

For more information about buying or selling real estate, please feel free to email howard@howardchaserealestate.com or call at (786) 566-3505. Remember to subscribe to my Youtube channel. Thank you and have a great day!

P: 305 532-7470
F: 305.532-7471
E: howard@howardchaserealestate.com
Address: 1354 Washington Avenue Suite #220
Miami Beach, FL 33139

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Shifting Tides Of Panama Real Estate Echo Miami Trends

Miami herald 1
PANAMA CITY, Panama — As a real estate agent shows off a model apartment — white leather sectional, stainless steel appliances, open concept, ocean views — in the 59-story Yacht Club Tower, and touts its fitness center and pool deck designed to mimic a ship floating on the sea, he makes a telling statement:

“We tried to emulate the Miami style in this building.”

Approaching this Central American capital from the air, the first thing a traveler notices is a skyline on steroids — gleaming towers jutting skyward like so many pickets on a fence. There’s even a Trump high-rise here — the sail-shaped 72-story Trump Ocean Club International Hotel & Tower. And it’s not uncommon for those active in Miami real estate and development circles to try their luck in Panama or move back and forth between the markets.

Although Miami is nearly 1,200 miles from Panama City, the real estate markets of the two cities share certain similarities. Both went through booms and overbuilding and then had way too many empty condominiums. Wealthy Latin American buyers were a salvation in both cities when traditional segments of the market fell off.

“Now that things are starting to pick up in the States, they are picking up here too. Now that there’s not as much economic uncertainty in the United States, people feel more confident about Panama too,’’ said Morris Hafeitz, general manger of Emporium Developers. He used to work in Miami as a project manager for Odebrecht, the Brazilian conglomerate
Now Hafeitz is trying to sell Allure at the Park, a 50-story building Emporium developed in Panama City’s Bella Vista neighborhood. The building is chock full of amenities — gym, teenage game room, adult lounge, toddler playroom, pool, squash court and even miniature golf on the roof — but one of its main selling points is that it overlooks a park and two low-rise historic buildings. “In the heart of the city without the hassles of the city,’’ said Hafeitz.

During the boom, many buildings in central Panama City went up practically on top of each other. “In the beginning of the boom there were no regulations on density,’’ said Mauricio Saba, a project manager at Zoom Development in Panama City and another Miami real estate alum. “I have a friend who said he could watch his neighbor’s TV from his balcony.’’ Continue reading

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Miami, Dubai and London Among Top Global Cities Enjoying Double-Digit Price Growth in 2012

According to a new Global Cities Report by London-based real estate consulting firm Knight Frank, fifteen of the 26 cities tracked by the Prime Global Cities Index (58%) recorded flat or positive price growth in the year to September, but over the last quarter 20 of the 26 cities (77%) have seen flat or positive growth – indicating an improving scenario.

The index now stands 18.7% above its financial crisis low in Q2 2009 with Hong Kong, London and Beijing having been the strongest performers over this period, recording price growth of 52.9%, 45.4% and 39.5% respectively.

Five cities recorded double-digit price growth in the year to September; Jakarta, Dubai, Miami, Nairobi and London – a city from each of the five key world regions.

Knight Frank Global Cities Report Highlights for Q3, 2012

  • The index rose by 1.1% in the three months to September, down from 1.4% last quarter
  • Prime prices across the 26 cities tracked by the index increased by 3% in the 12 months to September
  • Cities in Europe remain the weakest performers, recording a fall of 0.5% on average in the last 12 months
  • Jakarta (up 28.5%) was the strongest performer in the year to September
  • Economic uncertainty together with few strong-performing alternative asset classes is strengthening demand for luxury bricks and mortar

Although Asia heads the pack – Jakarta recorded 28.5% annual growth – the results this quarter suggest that demand for luxury homes is only loosely linked to the strength of regional economies (Asia Pacific has only two cities in the top ten compared to Europe’s three). Instead, the flow of international wealth and the attitudes of HNWIs are increasingly influential.

Cities such as Dubai, Miami, Nairobi and London are increasingly considered investment hubs for HNWIs in their wider regions. In the wake of the Arab Spring, Dubai has been seen as a relative safe haven for MENA buyers while Venezuelan and Brazilian investors have looked to Miami to limit their exposure to domestic political and economic volatility.

Not all prime residential markets are benefitting from the global economic uncertainty. In Paris, although prices held firm in the third quarter, sales activity was muted as buyers of all nationalities adopted a “wait and see” attitude. Vendors are unwilling to reduce prices until there is greater clarity from President Hollande and the Eurozone leaders in relation to the debt crisis.

Asia’s prime markets look to be entering a period of more moderate growth due in part to the regulatory measures aimed at cooling prices and improving domestic affordability.

James Price of Knight Frank’s International Residential Development team tells World Property Channel, “Aside from London, it would appear the other strong performers are either those established international markets that experienced a lull but are now ‘kicking on’ again (e.g. Miami, Dubai) or those that could be described as second tier international cities – strong established markets, but not global ‘gateway’ cities (e.g. Zurich, Vienna, San Francisco), where interest has driven price rises from a lower base.”

James continues, “While some of the more traditional prime second-home markets are recording negative movement, this should not disguise their long-term popularity and strength, instead it suggests a cooling from previous higher levels.”

Teresa King Kinney, CEO of the Miami Association of Realtors commented, “Miami is a truly global city that has experienced the positive impact of international buyers and investors unlike any other.  Miami’s global appeal resulted in a rapid and strong recovery that yielded an all-time sales record in 2011 and extraordinary inventory absorption.  Such demand has fueled more than 10 months of consecutive double-digit price appreciation in the Miami residential real estate market.  More importantly, Miami’s position as a leading global market will continue to generate demand from both U.S. and foreign buyers long into the future, adding great value to our city, our market, and our properties.”



Miami, Dubai and London Among Top Global Cities Enjoying Double-Digit Price Growth in 2012. 2 Nov 2012, Posted by Michael Gerrity, Retrieved from http://www.worldpropertychannel.com/north-america-residential-news/prime-global-cities-index-knight-frank-global-real-estate-report-best-global-property-markets-miami-real-estate-market-dubai-property-market-london-luxury-housing-market-hnwi-6248.php.

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