Joseph Kavana Is the Chief Executive Officer of Miami-Based K Group Holdings
Joseph Kavana was born in Uruguay in 1949 and has been residing in Miami since 1980. He has worked as an active developer and investor for more than twenty years in the real estate industry. Joseph Kavana is now serving as Chairman and CEO of K-Group Holdings, Inc., a leading real estate development company involved in various prestigious projects. For the past 25 years, K Group Holdings, Inc. has successfully evolved as an active investor and manager of strategically-selected companies throughout the world. K Group International Development, a division of K Group Holdings, is a diversified real estate investment and development company working in the United States and Latin America. The company is actively involved in the development of a project known as Yoo Punta Del Este in Uruguay and Yoo Nordelta in Argentina.
From 1980 to 2000, Joseph Kavana has served as Chairman of the Board and CEO of Sagaz Industries, Inc. The company manufactured and distributed soft goods products for the automotive industry. In a short period of time, under his expert leadership, the company became leader in the automotive aftermarket. In 2000, he sold the company to Pennzoil Quaker-State. He then created K Group Holdings Inc, driving force behind Metropica, a premier mixed use development in the heart of Sunrise, Florida.
Joseph Kavana was also involved in various land development deals such as Jacaranda West (Plantation, Florida) and Chapel Trail (Pembroke Pines, Florida), which represented more than 400 acres of land. Recently, he has made significant contributions in Sunrise, Florida where in 1994/95; he purchased 65 acres of land through Sawgrass Property Investments and Sawgrass 17 Acres Partnership. Joseph Kavana has an extensive knowledge in various asset classes including land development, commercial/retail, multi-family as well as industrial. Mr. Kavana is also active in several other real estate and development projects that spread across various properties and establishments. Check out the complete details about achievements of Mr. Kavana, by browsing through www.kgroupholdings.com.
Fort Laudedale Real Estate Prices Rise But Fort Lauderdale Realtor Sees Bumps Ahead
Fort Lauderdale area real estate prices are on a huge upswing and you can see the news just about everywhere you look. From the Real Estate section of the local Fort Lauderdale newspaper that for year has spent many pages on gloom and doom, to the signs in front of local real estate offices that are covered with positive accolades about the local real estate market. It appears that on many levels the bottom has passed and happy days are here again for the sellers of Ft Lauderdale Real Estate… but maybe, not so fast!
Just like there was a perfect storm of events that burst the bubble on the real estate boom. There appears to be some events that have fueled a quick reversal in prices that simply may not last. I want to get to the point of this Fort Lauderdale Real Estate article before I even explain my theory further.
I don’t expect the exuberant price increases to continue, I expect to see a leveling off and a return to a stable market!
It’s a great time to be a buyer of South Florida Real Estate, and if you are a buyer its time to come to grips with the fact that you missed the bottom. Now maybe the time to start working closely with a Fort Lauderdale Realtor to find a great deal before the next rise in prices, prices you out of your dream home.
Now that we got right to the point, let’s talk about why the quick upswing in prices and somethings that could slow down the dramatic shift. To begin I need to quote Gary Keller, not sure of it was original but it was from him that I heard it, ” the pendulum swings fastest at the bottom”, and that has certainly happened. Large hedge fund investors in the Fort Lauderdale market have been buying property at a feverish pace, and often paying over market value driving prices up? The rumors are they are not renting these homes as quickly as they thought and are slowing down on these purchases. I do not think this will hurt the market in itself as there are many smaller investors ready to buy all the distressed homes that come to market and bidding wars will remain a norm.
Fort Lauderdale Real Estate force #2, the cranes are moving again over the City of Fort Lauderdale. You still can’t sell a condo or a home for what it will cost to build but the gap is closing quickly. In Fort Lauderdale where vacant land is in short supply we have seen the return of the individual home owners willing to build. There are people building their personal dream homes at all levels of the local real Estate market. In addition 1000’s of new rental properties are currently under construction in the city. These can slow down the market by causing a drop in rents, forcing smaller investors to drop their sale prices and creating a chain reaction to help level the playing field. Certainly this is not a good or bad thing; it is just another one of the forces facing our market.
Last but not least in Broward County we still have approximately 40,000 properties at some point of foreclosure. Based on some new laws the banks have had to regroup in order to be successful in their foreclosure actions. But as they do come back to court and these actions do start to move forward, and property does become available it will certainly cause some downward pressure on pricing.
As I see it, great days are ahead for the Fort Lauderdale Real Estate market, but at this point is was time for a little reality check! This is not the time to allow a market very short on inventory to cause you to become a reactive buyer. Its time to identify what you are looking for and wait for the perfect home to come your way.It is thetime to be diligent and watch prices and interest rates so you can make a decision that is right for you and your family.
[Top]Assessing The Reasons For Home Inspection Negotiation Failures
The scenario is all too familiar. Real properties get into escrow with serious and qualified home buyers and then, by a sudden shift of events, the deal doesnt push through and the same property ends up in the market after a few weeks. What seems to be the problem?
There is probably a long list of reasons why real estate negotiations fail. For instance, there are some homebuyers who have the tendency to get the home for sale on escrow even if they have not yet made up their mind in paying the price offer. Sometimes, buyer will dangle a tempting offer to sellers prior to inspecting the home and resort to price reduction during the actual home inspection. This is usually the case in a buyers market. The situation sometimes deteriorates up to a point where the seller are abused and forced against the wall by the enormous cutbacks and unbelievable demands by abusive buyers. Sellers will ultimately opt out of the deal once they feel that deceit is being applied on them.
Home inspections are designed to thresh out ticklish issues that affect the deal. However, it presupposes that both parties come to the negotiation table in good faith. Buyers need to make a good offer after the home inspection has been done. On the other hand, sellers must be cautious when dealing with buyers making offers that are way off the current price trends in your area.
In most cases, the major hurdle usually comes during the home inspection phase. Deals usually take the dive because of results of the home inspection. Serious complications come about when sellers dont or cant accommodate the adjustments being proposed by buyers. A stalemate in the negotiation will invariably result to a fall out in the negotiation.
Let us look at some of the major reasons behind the failures in home inspection negotiations:
1.It is now getting to be a common practice to allow sellers agents to be part of the home inspection negotiation. This might not be a good idea for most buyers especially if the home inspection becomes complicated and leads to unmanageable situations and the negotiation gets out of hand. Buyers naturally dont want to have extra hand that can pull the strings in favor of the sellers. You have to remember, that the seller will seek the professional advice of his agent to determine the best way to respond to your request for adjustments. If you are really serious in getting through with the deal, then there is no reason for you not to allow the presence of the sellers agent during the home inspection.
2.It is also essential that you are able to assess the home inspection result from the perspective of the seller. A competent and experienced agent can be able to prepare a well-crafted inspection response that will facilitate the resolution of serious issues reflected in the home inspection report. Problems usually complicate the negotiation if the inspection response involves demands that the other party cannot respond to.
3.Making unrealistic demands is tantamount to sending the deal to oblivion. What do you think will happen if you insist on pulling down a wall panel simply because the inspector cannot give you a definitive answer on what is behind that wall. Sellers will definitely not approve to such kind of demand and, ultimately, this can lead to a stalemate if either party is not willing to relent.
To avoid these common complications in your home inspection negotiations, it is important that you are accompanied by your agent and allow the agent of the seller to be present during the negotiation. If you have some unresolved issues and doubts with the results of the home inspection, then it is wise to get a second opinion of another home inspection specialist.
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