October 16, 2011 The Granada Realty Co. Your Source for Luxury Foreclosures in Coral Gable , Florida
The Purpose of this site is to let the customer know that they can work with their own REO (foreclosure) specialist. If they were searching for was a Realtor that can help them search for a well priced home - well , you've arrived.
The Granada Realty Company is a vendor that national banks use to market and sell their foreclosures. Granada Realty also works with all the other brokers that specialize in the sale of foreclosed and short sale homes, the the Coral Gables, Kendall, Pinecrest, and Brickell areas. The Granada Realty Company has been in business at the same Gables location for 21 years.
The list of homes is ever changing, and the site is always behind behind real time entries. We have published some of the homes available in these pages but communication with your broker is the best way stay on top of price reductions and new entries, and fine tune your needs and strategy.. Ask you Realtor why a foreclosure is not always the lowest price sale and how to "make" the lowest price sale.
A case study and tips for the serious and determined buyer. The prices listed on foreclosures, the price the home is advertised at (and short sales) is not the selling price or close to it; it is fictional. If you see a very low price you can be sure that that home is already sold, or has many offers or already under contract.
You have to be there before the reduction, and make the lower offer on the homes that the broker knows are slated for reduction. Customers making offers get the homes they want, while the ones that wait for a published "low" price do not. A real world example. This was one of Granada Realty's effort for a customer who was as cooperative as we were diligent, that is why we use it as an example. Late in 2008 , 3400 Riviera Drive, a 4/2 on a 9,000 square foot lot, was listed by an REO vendor in the network with for $699,900. It had been reduced from it's previous of $890,000. We made several offers at $365,000. they were not accepted nor was the home sold. Then in 2009 the bank made a succession of quick reductions till the price was down to $465,000. by July 2009. The home was still not sold. In August 2009 the bank reduced the home to $389,000. and we quickly raised our offer to $381,000. and the home was sold to our customer, who promptly rented it out for $2,600. The home is now, Oct 2011, conservatively valued at $650,000. There are over 400 homes in Dade County that will go to foreclosures or short sales; work with a specialist for results.
What you can expect when working with a specialist:
1. That you will always be aware, and first to know, of the probable publishing of a listing as a foreclosure, a possible reduction, a home that did not close and is back on the market at a lower price, and other situations that you should know about, that cannot be found on an MLS site, the newspaper, or bank foreclosure web site. Most published information is old and useless.
2. Calculates for you the estimated sales price that the bank will accept, via a formal BPO, Brokers Price Opinion. The BPO is a particular type of specialized appraisal used by the banks to establish the price of a foreclosure. Tony is asked by the banks and other lending institutions to do BPOs. In other word he lets you know what the bank will do about pricing and the best approach when presenting the offer.
3. Can makes multiple offers for you and continues working on them till one is accepted,
4. If investing in an income condo or home, provides you with a net sheet showing what you will make after all the expenses are paid, and what those expenses are. Provides you with the latest sales in the building and the latest rental prices and time properties in the building took to rent, which is part of the net income calculation.
5. In the investment property, help you set up automatic payments and provides you with repair men should need them. Some of our sales are managed for owners that live outside the country and they are comfortable and very happy with their very profitable investments.(references and recent example from our Coral Gables customers are available.)
Yours guide is Realtor Tony Sanabria. Tony is the owner/manager of Granada Realty which has been at the same location for 21 years. He is a specialist. He knows the Gables, its homes, codes, styles and works daily with other specialists at other real estate companies in the Gables network. He is also a REO (foreclosures, real estate owned by banks) agent for Wachovia/Wells Fargo and HomeQ and has first hand knowledge of the process and can explain accurately what the customer can expect when in the process.
The Granada Realty Company is a vendor that national banks use to market and sell their foreclosures. Granada Realty also works with all the other brokers that specialize in the sale of foreclosed and short sale homes, the the Coral Gables, Kendall, Pinecrest, and Brickell areas. The Granada Realty Company has been in business at the same Gables location for 21 years.
The list of homes is ever changing, and the site is always behind behind real time entries. We have published some of the homes available in these pages but communication with your broker is the best way stay on top of price reductions and new entries, and fine tune your needs and strategy.. Ask you Realtor why a foreclosure is not always the lowest price sale and how to "make" the lowest price sale.
A case study and tips for the serious and determined buyer. The prices listed on foreclosures, the price the home is advertised at (and short sales) is not the selling price or close to it; it is fictional. If you see a very low price you can be sure that that home is already sold, or has many offers or already under contract.
You have to be there before the reduction, and make the lower offer on the homes that the broker knows are slated for reduction. Customers making offers get the homes they want, while the ones that wait for a published "low" price do not. A real world example. This was one of Granada Realty's effort for a customer who was as cooperative as we were diligent, that is why we use it as an example. Late in 2008 , 3400 Riviera Drive, a 4/2 on a 9,000 square foot lot, was listed by an REO vendor in the network with for $699,900. It had been reduced from it's previous of $890,000. We made several offers at $365,000. they were not accepted nor was the home sold. Then in 2009 the bank made a succession of quick reductions till the price was down to $465,000. by July 2009. The home was still not sold. In August 2009 the bank reduced the home to $389,000. and we quickly raised our offer to $381,000. and the home was sold to our customer, who promptly rented it out for $2,600. The home is now, Oct 2011, conservatively valued at $650,000. There are over 400 homes in Dade County that will go to foreclosures or short sales; work with a specialist for results.
What you can expect when working with a specialist:
1. That you will always be aware, and first to know, of the probable publishing of a listing as a foreclosure, a possible reduction, a home that did not close and is back on the market at a lower price, and other situations that you should know about, that cannot be found on an MLS site, the newspaper, or bank foreclosure web site. Most published information is old and useless.
2. Calculates for you the estimated sales price that the bank will accept, via a formal BPO, Brokers Price Opinion. The BPO is a particular type of specialized appraisal used by the banks to establish the price of a foreclosure. Tony is asked by the banks and other lending institutions to do BPOs. In other word he lets you know what the bank will do about pricing and the best approach when presenting the offer.
3. Can makes multiple offers for you and continues working on them till one is accepted,
4. If investing in an income condo or home, provides you with a net sheet showing what you will make after all the expenses are paid, and what those expenses are. Provides you with the latest sales in the building and the latest rental prices and time properties in the building took to rent, which is part of the net income calculation.
5. In the investment property, help you set up automatic payments and provides you with repair men should need them. Some of our sales are managed for owners that live outside the country and they are comfortable and very happy with their very profitable investments.(references and recent example from our Coral Gables customers are available.)
Yours guide is Realtor Tony Sanabria. Tony is the owner/manager of Granada Realty which has been at the same location for 21 years. He is a specialist. He knows the Gables, its homes, codes, styles and works daily with other specialists at other real estate companies in the Gables network. He is also a REO (foreclosures, real estate owned by banks) agent for Wachovia/Wells Fargo and HomeQ and has first hand knowledge of the process and can explain accurately what the customer can expect when in the process.
Mini Resume
About Realtor Tony Sanabria. Tony been in business at the same location in Coral Gables for 21 years. He is well know to many of the Coral Gables/Miami Realtors networking groups as well as the local citizenry. He is also Granada Realty's office manager. For years he held a title agents and mortgage brokers license and can and help you with questions on financing, mortgages, title problems, codes, construction and repairs, condo document examination, and leasing.
Education: Bachelor of Arts, City College of New York, Education major, Finance minor, 1970, Master of Arts. ED at Columbia University, New York City, 1975.
Work Experience: Teacher, New York City. Estate Manager, Charles Dana Foundation, New Canaan, Connecticut. Principal/Owner "Purnell and Sanabria," a communications, marketing, advertising and promotions company in South Port, Connecticut . Moved to Miami 1n 1988 and went to work as a Realtor.
Service to the community includes working with the disabled at "Shake-A-Leg" in Coconut Grove as a sailing Skipper and general volunteer. And supporting several animal rights groups mainly "Noah's Wish" which is a non-profit group that works to save animals after a disaster.
Education: Bachelor of Arts, City College of New York, Education major, Finance minor, 1970, Master of Arts. ED at Columbia University, New York City, 1975.
Work Experience: Teacher, New York City. Estate Manager, Charles Dana Foundation, New Canaan, Connecticut. Principal/Owner "Purnell and Sanabria," a communications, marketing, advertising and promotions company in South Port, Connecticut . Moved to Miami 1n 1988 and went to work as a Realtor.
Service to the community includes working with the disabled at "Shake-A-Leg" in Coconut Grove as a sailing Skipper and general volunteer. And supporting several animal rights groups mainly "Noah's Wish" which is a non-profit group that works to save animals after a disaster.
The 3 pictures below are of the Mutiny condo. $209,000 1/1. The mutiny Condo is at 2951 Bayshore Drive, the street adjacent to Biscayne Bay. There are parks, marinas, restaurant in the neighborhood and Cocowalk with its movies, restaurants and shopping is 3 blocks away. There is a restaurant and lounge onsite that is open late and the low lit pool area in the evening, by the lounge is heaven. This is for that person that really needs a super relaxing environment in on of Florida's most beautiful locals. Price $209,000.
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Click here to connect to the Dade County Multiple Listing Service to search the entire Dade County inventory of homes for sale.
Granada Realty in the Gables 299 Alhambra Circle, Coral Gables, Fl 33134, Mailing address: 119 Romano Avenue, Coral Gables, Florida 33134
Click here to connect to the Dade County Multiple Listing Service to search the entire Dade County inventory of homes for sale.
Granada Realty in the Gables 299 Alhambra Circle, Coral Gables, Fl 33134, Mailing address: 119 Romano Avenue, Coral Gables, Florida 33134