Linares

Last week’s GlobeSt.com Quick Poll asked readers if now is the time to buy commercial real estate. A total of 62% of voters responded that it is the right time, while 24% voted “you’re crazy,” and 14% indicated it was a “stupid question. Danet Linares, Crew-Miami president-elect and senior vice president for Miami-based Foram Group, tells GlobeSt.com what she thinks of the current opportunities to buy in South Florida.

“Cash is king. It’s always a good time to buy if you have the right type of product. The problem is that credit is frozen, but if you have the cash you’re in a great spot.

“If a property is in a good location, it’s worth buying. It’s all about location and a stable product, because then values will always increase and that’s what’s important and wht buyers are looking for.

“I don’t think we’ll see as much activity as the last few years, but you have to remember that the market is correcting itself. In the last few years we saw a lot of money available and that’s what made the prices go up too much and too fast. Now you’re seeing more of a leveling out and a correction in the market across the board in every sector of real estate.

“There’s a lot of cash in the wings and what I keep hearing more and more of is people establishing funds and getting investors to pool money. I think they’ll be successful. If you have the cash, then you have the deals.

“I think probably after the new administration starts that you’ll see more people open to buying and paying attention to the market. The world is looking at us.”

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