**Greetings from Branon A. Edwards and Jelena Panfilova
from Coldwell Banker in sunny South Florida!

Can you believe it's almost September?! Neither can we, but it's been
a great summer, and real estate sales continue to be brisk.

Last month, we discussed hurricanes and other named storms and how
they can affect your real estate closing. This time, we'll cover a
question that we have been asked a lot lately – will this fantastic
real estate market continue?

Next month, we'll tackle one of the world's greatest mysteries… The
Credit Score!

CHECK OUT OUR NEW WEBSITE!
http://www.InvestFloridaRealty.com

---------------------------------------------------------
WE ARE CURRENTLY ACCEPTING NEW PROPERTY LISTINGS!
Thinking about selling your property? Now is a great time to get top
dollar!

Check out our Written Seller's Guarantee:
http://www.InvestFloridaRealty.com/guarantee.htm
---------------------------------------------------------

** CONGRATULATIONS **

We would like to send our sincere gratitude and congratulations to the
following customers:

Lloyd from New York who is purchasing a gorgeous ocean view
2-bedroom/2-bath condo with a wraparound balcony at the Waverly at
Surfside, a beachfront condo conversion on Surfside Beach.

Patricia and Victor from Paris, France who are buying a spacious
4-bedroom/3-bath home in a lovely gated community in Homestead.

Jorge and Angeles from Argentina who rented a newly renovated condo in
the Towers of Key Biscayne.

John from Tampa who rented a beautiful condo in Oakwood on Biscayne
Bay in downtown Miami.

Diane and Jill from California who are buying a 2-bedroom/2-bath
direct bay view condo in 50 Biscayne, a new preconstruction project in
Downtown Miami.

Paulette from Cooper City who is buying a city view studio condo in 50
Biscayne, a new preconstruction project in Downtown Miami.

The Waverly at Surfside
http://www.InvestFloridaRealty.com/preconstruction/waverly.htm

50 Biscayne
http://www.InvestFloridaRealty.com/preconstruction/50biscayne.htm

---------------------------------------------------------
FLORIDA REAL ESTATE MARKET

Florida has enjoyed nearly a decade of steady property value
increases. Property appreciation in popular areas has continued to
grow by as much as 20 or 25% per year. CNN/Money Magazine even named
several zip codes in Miami as some of the hottest zip codes in the
United States because of greater-than-50% increases in property value
over several years.

According to the NAR (National Association of Realtors), more than
one-third of the 128 metro areas they tracked showed double-digit home
price growth in the second quarter of 2004. Only 9% showed a slight
decline in home prices, and none were in areas that have experienced
recent sustained periods of rapid growth. In the South, all of the top
price increases were in Florida including Sarasota, Ocala, West Palm
Beach, Boca Raton, Delray Beach, and of course, Miami.

What is fueling this growth?

According to the US Census, Florida's population grew by leaps and
bounds through an influx of immigrants and new births to those
immigrants. Factor in the baby boomers planning for retirement and
you have the makings of a potential housing boom. The Census Bureau
estimates that Florida's population will actually DOUBLE by 2020.

While those of us already living in Florida find it hard to imagine
twice as many cars on the road, the real estate market, especially
here in Miami, is already showing us the signs of this growth. With
double the amount of people, we'll need quite a bit more available
housing units than we have currently. Developers spotted this trend
some time ago and have been racing to add new condominiums and homes
to take advantage of this need.

Housing inventory in Florida is so short right now that most of
Florida is actually in what we call a `Seller's Market'. A Seller's
Market occurs when there are more Buyers than properties available for
sale. This shortage of available homes and condos for sale creates a
fantastic opportunity for folks who are interested in selling their
properties. In many cases, we are seeing multiple offers the same day
or within just a few days of a property being listed for sale. If the
property is priced correctly, there is often a flurry of activity when
it hits the Multiple Listing Service (MLS) with 3, 4, or more offers
coming in at asking price or even ABOVE the asking price.

In hot areas with well-maintained properties, many sellers are holding
out for full price… and they're getting it. Even properties that
would normally be considered `fixer-uppers' are being sold at or near
their asking price. True, there are always bargains to be found, but
with so many buyers looking for homes, they tend not to last very long.

In short, if you find something you like, don't wait. The home you
looked at today and want to think about overnight may be the same
house that someone else looked at yesterday and will be buying today.
As my father says, "If you snooze, you lose." Obviously, buying a
home is a very serious decision and you should never rush into
anything blindly. Make sure you take your time in the beginning to
really think about what you want, what you need, and what you'd love
to have, but can live without.

Preparation and thinking things through BEFORE you start looking will
help you save time and also help you make good solid decisions. It's
much easier to find your dream home if you already know what it looks
like in your mind. It's also a lot easier for us Realtors to help you
find your perfect home if we have definitive parameters and know what
is and isn't important. The worst thing you can do is look at 5 or 10
homes, get confused by all the options, and simply make a decision
based on desperation. Ok, back to the market.

In addition to seeing well-priced homes selling above market price, we
are also seeing that overpriced properties are sitting on the market a
bit longer – some as much as a year to 2 years. The key is pricing
the property appropriately so you get interest and activity within the
first 30 days. Properties under $1 Million seem to be moving the
fastest, but luxury properties are making a comeback. We expect that
luxury properties will start moving quickly in the near term, provided
of course that they are priced correctly.

There are some markets that show no signs at all of ever slowing down.
Key Biscayne is one of those markets. As you know, our office is
located on Key Biscayne. In the past, our office would maintain an
inventory of about 50-65 homes at any given time. We're now averaging
about 20-25 homes, with most selling within 30 days. Even luxury
properties and multi-million dollar estates move quickly. Its quaint
atmosphere and exclusivity make the Key a very desirable place to call
home.

---------------------------------------------------------
WE ARE NOW MIAMI'S TALKING HOUSE REALTORS!!

In an effort to provide our customers with the best possible service
and the most expansive marketing opportunities, we have become Miami's
TALKING HOUSE Realtors.

TALKING HOUSE is a fantastic technology that allows us to market your
home for sale 24 hours a day, 7 days a week. TALKING HOUSE never sleeps!

The best part is that we'll add TALKING HOUSE to your home's
personalized marketing plan FREE!

If you live in Miami-Dade or Broward County and you are interested in
selling your house (or you know someone who is), we'll send you a FREE
VIDEO on selling your home. Email us for details:
mailto:Branon@...?subject=TALKING-HOUSE-FREE-VIDEO

Is Your House a TALKING HOUSE?
http://www.MiamiTalkingHouse.com
---------------------------------------------------------

What can you do?

If you're looking for your next home, the first thing to do is to hire
a professional, (obviously, we'd love to be your Realtors for life).
A professional Realtor can not only provide you with the most updated
and current information, but also can help guide you to opportunities
and steer you away from possible pitfalls.

For an overview of the Buying Process, click here:
http://www.InvestFloridaRealty.com/buy.htm

The next thing you should do is to get pre-approved for your mortgage.
Contact a reputable mortgage company, bank, or even a mortgage broker
and ask to be pre-approved. Pre-qualification is NOT the same as
pre-approval. Pre-qualified simply means that based on your
preliminary information you will probably qualify for a loan.
Pre-approval means that the lender has actually pulled your credit
report and knows that, provided you give them all the proper
documentation, you will actually receive the loan. Obviously, things
happen, but a pre-approval is definitely the way to go.

With the advent of technology, the days of pre-qualification are gone.
As an example, you can be pre-approved with a 15 or 20-minute phone
call to Coldwell Banker Mortgage. Once you've received the verbal
pre-approval, ask the lender to fax a Pre-Approval Letter to you or to
your Realtor (us). Your Realtor (we) will include this pre-approval
letter with any offer you submit to strengthen your negotiating position.

---------------------------------------------------------
LOOKING FOR A GREAT MORTGAGE RATE, AN INTEREST-ONLY LOAN, OR
NO-DOCUMENTATION LOANS?
Guaranteed to beat any other lender's price and give you same-day loan
approval!
Call Coldwell Banker Mortgage at 1-888-240-2236
---------------------------------------------------------

Given the current Seller's Market, many sellers simply will not accept
ANY offer that does not include a pre-approval letter. And who can
blame them? Why should they take their home off the market for
several weeks while a buyer attempts to get a mortgage? If you were
selling your home (we hope you'd call us if you were thinking about
it) and you received 2 identical offers with only one showing a
pre-approval, which one would you take? Exactly, the one with the
pre-approval because you know there is less of a chance that the sale
will fall through, at least because of the financing.

We're now seeing homes in the MLS that state upfront that offers
without pre-approval letters will not be accepted. Some are even
dictating the terms of the sale in the MLS such as `cash-only' or `no
100% financing' or `minimum 20% down payment'. It sounds crazy, but
with a market as hot as this, sellers are realizing they can make up
their own rules.

---------------------------------------------------------
FEATURED PRECONSTRUCTION CONDOMINIUM UNITS
CURRENTLY FOR SALE

Everglades on the Bay – Downtown Miami
http://www.InvestFloridaRealty.com/preconstruction/everglades.htm

50 Biscayne – Downtown Miami
http://www.InvestFloridaRealty.com/preconstruction/50biscayne.htm
---------------------------------------------------------

So, will this hot market continue?

We've read a lot of articles by numerous leading experts in a variety
of fields, and it appears that a market slow down (if any) is a long
way off. Granted, no one can definitively predict the future, and
there are a million different things that affect the real estate
market (economy, interest rates, housing inventory, relocation and
industry, employment rates, stock market peaks and valleys, etc).
However, with the economy back on the upswing, property values
continuing to increase, the volatility of the stock market, and
Florida's ever-increasing population, many investors and experts still
see real estate as the best place to put their money.

The key to investing in real estate is making informed decisions.
Watch for trends, but don't bank on hype – do the research. Let your
Realtor use their extensive toolbox to provide you with whatever
information YOU need to make a logical decision. And when you can, do
your own research and of course, follow your gut feelings.

When we're working with our customers, we try to learn as much as we
can about their needs, their goals, and their expectations. Armed
with this information, we then research the various options to find a
few good matches. We'll then offer as much information as we can so
that our customers can make a solid business decision – even if
they're buying their primary residence. No matter what they're
buying, it should make sense for them. We'll research surrounding
properties, pull tax and deed records, calculate costs and expenses,
and take a long hard look at the real potential of a particular
property or area. Only then will we make our recommendations.

Have questions? That's why we're here. Give us a call or send us an
email, we're happy to help you in any way we can.

Know anyone who is thinking about buying or selling real estate in
Florida? Even if they're not in Miami-Dade or Broward Counties, let
us know. We'll be happy to refer them to a competent real estate
professional in their target area.

As always, thank you for the opportunity to earn your business. We
look forward to helping you sell your current property or to find your
next home or investment.

All the best,

--Branon A. Edwards, Licensed Florida Realtor®
--Jelena Panfilova Edwards, Licensed Florida Real Estate Agent

Branon Direct: 786-417-4910
mailto:Branon@...?subject=NEWSLETTER-CONTACT

Jelena Direct: 786-417-4911
mailto:Jelena@...?subject=NEWSLETTER-CONTACT

Our Private Fax: 786-524-5747

VISIT OUR WEBSITE:
http://www.InvestFloridaRealty.com.com

---- Office Information ----

Coldwell Banker® Residential Real Estate, Inc.
328 Crandon Blvd, Suite 127
Key Biscayne, FL 33149 USA

Is Your House a TALKING HOUSE?
http://www.MiamiTalkingHouse.com

UNSUBSCRIBE:
mailto:branon@...?subject=UNSUBSCRIBE-INVESTFLORIDAREAL=
TY