Category Archives: Miami Just Listed

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How Miami Real Estate Will be Revolutionized on the Blockchain

Blockchain Real Estate Is Coming Sooner Than You Think

Blockchain real estate transactions, records, and marketplaces could radically change the way we think about property. Current systems for tracking and trading real estate are disjointed and inefficient. There’s an enormous opportunity for blockchain to standardize and secure real estate data. Land records, property listings, leases and mortgages, and government property tax offices could all benefit from a blockchain real estate revolution.

The challenge, of course, is that real estate is an enormous industry with many players including lenders, brokers, local governments, and private citizens. Changing to a blockchain-based real estate system isn’t as simple as flipping a switch. That said, various parties are experimenting with blockchain all along the real estate value chain to find ways to integrate the new technology.

Land Records

Land records are the foundation of real estate. Titles and deeds make it clear who owns what property. They power everything else that happens in real estate. However, they’re highly fragmented. Each individual local jurisdiction has its own rules regarding property records. Sometimes, these records aren’t even available online.

All that is changing. Chicago’s Cook County ran a pilot project for land records starting in 2016 that digitized all information and tested blockchain solutions. South Burlington, Vermont launched a similar pilot project in January 2018. Sweden recently implemented the second phase of its transition to blockchain land registry, using smart contracts on a private blockchain to facilitate transactions. That project will save Swedish taxpayers an estimated $100 million per year when it comes to full fruition.

Once we have property records listed and secured on the blockchain, it opens a lot of doors. Now, those records can easily change hands. We can use smart contracts to manage and trade those records as well.

Property Listings

Right now, if you want to sell a piece of property, your best bet is to list it with a local real estate agent. Sure, you could list the property for sale by owner, but you don’t have access to the multiple listing service (MLS) that real estate agents use to search for property when they have a new buyer.

The MLS is notoriously fragmented, walled off, and difficult to understand. Transferring property listings to the blockchain would mean opening up access to all available property for anyone to review. Along with the listing, you could include any terms or conditions that would need to be met for a successful sale. In the future, shopping for a home or an office space could be as simple as visiting an e-commerce website and adding the property to your shopping cart. Smart contracts behind the scenes could handle the rest of the transaction–transferring funds in exchange for the blockchain title to the property.

Smart Contract Property Management

One of the most exciting applications of blockchain real estate is smart contract management. Currently, any real estate transaction requires mountains of paperwork and hours of coordination between the bank, broker, seller, buyer, and local government. It’s possible to imagine a world where smart contracts handle most of that burden.

Not only that, but what if smart contracts handled rental agreements, commercial real estate tenancy, and other ongoing types of real estate transactions. Smart contracts could also help brokers automate due diligence on potential buyers/lessees. Blockchain real estate could create trust between parties on a level that doesn’t currently exist.

Crowd Ownership & Investing

Another exciting idea in blockchain real estate is crowd ownership of property. With blockchain governance models, a group of people could come together to purchase property and then vote on decisions about what to do with that property. Participants would essentially own a share of the property that they could then sell at any time.

Taken a step further, real estate investment trusts (REITs) and other real estate development investment vehicles could benefit from lower overhead as a result of blockchain.

What Happens to Realtors & Brokers?

The real estate industry is slow to change, and that won’t be any different with the blockchain transition. The truth is lenders, insurers, and other parties make a lot of money off the inefficiencies and challenges of navigating the current system. Blockchain poses a serious threat to these administrative and regulatory companies.

That said, there will always be a role for realtors and brokers in real estate. Even with blockchain real estate, people will want to see the homes or offices they’re considering purchasing. They’ll still need the help of an expert in the field to navigate such a large transaction and make sure the physical asset they’re purchasing is in good shape. Even if the transaction is much simpler and quicker, buyers will always need an expert guide.

Conclusion

Many trends in real estate are changing at the same time. Housing prices in cities are skyrocketing. Homeownership among young people is down. Brick and mortar retail is facing a threat from online shopping. Our neighborhoods are changing around us, and blockchain real estate is poised to become part of and accelerate that change.

CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner.

How Miami Real Estate Will be Revolutionized on the Blockchain

Bennett Garner

Bennett is an editor at Coin Central and technology writer specializing in blockchain, software development, and AI writing. Visit Bennett’s personal website to learn more about him and read more of his writing.

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Hot Tips For Selling Your Miami Beach Home More Effectively

Selling your home with Miami Just Listed (305) 788-9393

Your net worth is represented in part by your property. If you wish to sell off some property, either to upgrade into a newer and larger home or to diversify your portfolio, get the absolute best deal possible for your property with the Miami Just Listed home-selling-tips below.

Giving your home the best possible curb appeal when selling your Miami Beach property is absolutely essential. Improving the lighting in your home will increase its appeal as well. Take down any dark curtains you might have up, replace light bulbs with higher wattage bulbs and clean all of the windows until they shine. A bright, well-lit home, is at the top of the buyer’s wish list, right behind a good location, so be sure to do all that you can to illuminate your home. Have someone check your air conditioner and heater before listing your house. In most cases, high-end buyers aren’t looking for a property that will require them to make a lot of repairs, so ensuring things are in tip-top shape will increase the property’s appeal with most buyers.

When trying to sell your home, make sure your roof is in good condition. Most buyers will not buy a home that has a bad roof. If you can’t fix the roof before selling your home, offer to pay for repairs. You can also offer a lump sum payment that the buyers can use towards fixing the roof if they would like.

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If you paint your house prior to putting it up for sale, don’t pick a color scheme just because it’s your favorite. It’s best to work with neutral and traditional colors, such as whites, off-whites, eggshell, or taupe. A new paint job is probably the most economical, effective way to attract potential buyers to your home.

In most cases it is not necessary to invest a ton of cash into replacing your flooring before listing a home. An exception would be cases in which the floor was exceedingly worn out, dated or dirty. Installing new flooring is a major expense, and the long-term benefits will accrue to whoever is living there, not to you. Instead, clean the floor thoroughly and repair spots to make a positive impression.

A professional loft conversion is a popular home improvement that could increase the value of your house by up to 20 percent. You can convert an attic into storage space, a bathroom, bedroom or office. Typically over 30 percent of a property’s space is located in the attic, so by carrying out a conversion, home owners can gain a lot more living space without having to go through the stressful and costly process of relocating.

When selecting a Miami real estate broker, take your time and ask lots of questions. Property transactions are major life events, and therefore, you want to be certain that your broker is experienced and skilled. Partnering with a respectable, honest and trustworthy real estate broker facilitates a smoother, less stressful transaction.

Place a reasonable sale price on your home. Your Realtor© should provide you with a list of comparable sales in your neighborhood and choose the median price. Don’t set too high of a price; you’ll only end up lowering it because nobody is willing to pay the highest price for a home – unless you can justify special features that other properties listed in the neighborhood lack.

When trying to sell your Miami Beach property, make sure that it is ready at any point in time for a showing. You never know when the Realtor is going to call because someone wants to see it. Many buyers can be very spontaneous, and your Realtor© would always like to abide by the 24 hours’ notice, but in reality matters can be more complex and there is more inventory currently on the market and buyers have more options. In short, you want to be sure that it is in perfect condition all the time.

Before a potential buyer comes to take a look at your house, never spray any fragrances or light scented candles. Some people are overwhelmed by the smell, and some may even be allergic to certain fragrances. This could even prevent a potential buyer from making an offer. To avoid losing a potential home buyer, use only potpourri set out in a dish.

In order to allow potential buyers to see a reflection of themselves in the home, you should ensure you eliminate all your personal stamps in it. Move personal effects, especially family pictures and heirlooms out of sight. Buyers must be able to envision their own families living in your home, rather than yours. You want to also de-clutter your house. You want to show how much space potential buyers have to work with so they can gauge how great of a fit your home is to them.

Allow potential buyers to experience the house alone. If you constantly shadow a potential buyer, it may negatively bias how he or she sees the house. Leaving the buyer alone with your Realtor© will allow him to make his own judgment about the house.

Selling a home in the fall means we are in high season here in Southeast Florida and it is your best bet to get a contract for sale.

Whenever possible, attempt to sell your existing home prior to your target move date. For most people, juggling two house payments can be consuming. Give yourself plenty of time to have your house show and to locate the right buyer.

Information is the key to success in anything you tackle in life, and real estate is certainly no exception. After you’ve read these tips on how you can sell your home, the next step you need to take is putting them into action so that you can sell your home for a great price. Call (305) 788-9393 to learn what Miami Just Listed can do for you!


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Faena House Combined Penthouses Sell For $60 Million

Faena House Miami Beach by Brosda and Bentley (305) 788-9393

Faena House Sales (305) 788-9393

Faena House, located at 3315 Collins Ave Miami Beach FL 33140 recorded the sale of its ultra-luxurious penthouse for $60 million.

The buyer combined Penthouse B, facing Collins Avenue, with views of Indian Creek, the Intracoastal Waterway and Biscayne Bay on the 15th floor with the duplex penthouse on the 16th and 17th floors.

The ultimate Miami Beach penthouse also features a rooftop terrace with a 70-foot private pool which has its own dedicated elevator.

The original penthouse floor plan had 8,273 square feet of interior space and Penthouse B had 4,243 square feet of interior space. Combined the grand Miami Beach penthouse now has whopping 12,516 of interior square feet and boasts a stunning 12,707 square feet of balconies (here at Faena House called ‘aleros’) and rooftop terrace. The total living space is 25,223 square feet.

Faena House condos feature custom designed kitchens by Molteni Dada and Foster &Partners with white Venetian Terrazzo flooring, polished Thassos marble countertops, back painted low-iron glass back-splash, Molteni Dada custom cabinetry in glossy white lacquer or teak wood with polished chrome pulls, Foster & Partners custom overhead light fixtures over counters and islands with fully integrated kitchen hoods and full Miele appliance package.

Faena House bathrooms are also custom designed by Permasteelisa and Foster & Partners and feature radiant heated flooring, Bianco Ondulare white figured marble flooring, white Thassos marble honed finished walls, translucent and opaque glass with Japanese silk paper interlay, Dornbracht polished chrome fixtures and bespoke vanities with integrated double sinks and custom under counter touch latch cabinetry with polished stainless steel trim.

Each Faena House home features a majestic outdoor living terrace that wraps around its interior, known in Argentina as an ‘alero’. Custom designed by Foster & Partners and engineered by Permasteelisa, the Aleros dissolve the boundary between inside and outside through floor-to-ceiling window wall and sliding door systems, opening as wide as 12.6 feet in some residences. The Faena House terrace depths range from 4’ to 37’ for true outdoor living, sliding glass door openings range from 4’ to 12’-6’ wide, the glass fiber reinforced concrete is married with frameless curved hurricane-proof translucent glass and ergonomic handrail design made of Corian white Venetian Terrazzo flooring.

Some of the spectacular condos are for resale on Miami Just Listed and you may add yourself to the illustrious Who’s Who of this building with only 42 units. Search Faena House condos for sale below and call (305) 788-9393 to schedule a showing or for more information.


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Faena House floor plan for Duplex Penthouse on Miami Just Listed

Faena House Penthouse duplex floor plan

Faena House floor plan for Penthouse B on Miami Just Listed

Faena House Penthouse B floor plan

Faena House floor plan for Penthouse A on Miami Just Listed

Faena House Penthouse A floor plan

Faena House Penthous rooftop floor on Miami Just Listed

Faena Penthouse on Miami Just Listed


Katerina Brosda

Katerina Brosda
(305) 788-9393
info@MiamiJustListed.com
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