The latest on Coconut Grove's Real Estate market and business, political and social information that could impact on it.
Tuesday, October 25, 2011
Work Goes On After Closing with Foreign Nationals For The Cherry Group
The Cherry Group, The Coconut Grove Realtors, by necessity has created a concierge service for its Foreign National buyers. Most of our buyers lately have been from France, Mexico and South America and are buying major properties as second or third homes. Recently a buyer from France wired cash for the transaction and all was well until he attempted to have utilities turned on without having a US banking relationship. FP&L does not take foreign credit cards or accepts wires. To keep the house humming he put his deposit in our Paypal account and in turn, we deposited the money onto our credit card to pay FP&L a hefty deposit. We arranged for his pool and gardening services as well. He'll be in the States in 10 days and will establish a banking relationship at that time. Sylvia recently sold a beautiful Miami Beach condo to a Mexican family brought to us by CitiGold, Citibank's high equity division, to whom The Cherry Group is their exclusive Realtor. While the buyer was in Miami, Sylvia arranged for him to meet with furniture, closet and electroncs suppliers. The buyer returned to Mexico and Sylvia has invested almost a week at the condo overseeing the installation of all systems. When selecting a Realtor, you should consider three key factors; 1. Does he have vast experience in your neighborhood, like The Cherry Group in Coconut Grove? We have lived here for 20 years; 2. Does the Realtor have comprehensive market knowledge?; and 3. Is the Realtor tireless in providing service to its clients? It makes sense to hire a Realtor who has in-depth knowledge and experience working with buyers who account for the bulk of S. Florida sales- Foreign Nationals.
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