Daytona Beach Preconstruction: Boomers have an appetite for the beach!

Daytona Beach, FL — (October 25, 2006) – A busy day for Daytona Beach preconstruction real estate specialist O. Kheir, REALTOR with Sea Quest Properties Inc. includes answering emails, faxing floor plans and talking to customers interested in buying properties prior to their construction. Kheir knows local developers – every group that builds direct oceanfront and intracoastal condos. Some will be ready in a few weeks and others will be built in 2 years. “It’s hard to buy preconstruction without a local contact who can give you information objectively” and that’s what keeps a steady stream of buyers calling O. Kheir. Everyone knows that developers ask for an escrow deposit to hold the condo while it is being built, but an award winning REALTOR can show you examples of past transactions and market scenarios.

Why are Daytona Beach Preconstruction Condos attractive to baby boomers?

With the first one of 77 million boomers turning 60 in January, smart boomers are buying for the long term and trying to secure their beachfront condo now while Daytona still has supply. As they reach or near retirement age, how are boomers going to spend their newly acquired free time? The World’s Most Famous Beach, Daytona Beach is proving to be a centrally local oceanfront lifestyle that is appealing to many. Deep sea fishing, golfing and numerous other activities abound.

Being located on Atlantic Ocean and the Intracoastal Waterway (see http://Halifax-River.com) provides numerous opportunities for relaxation and recreation for the active boomer. Second, the condo building boom caters to the discriminating boomer who desires a large condo with spacious balconies, and an unwavering dedication to quality. Exquisite developments offer architecture ranging from Mediterranean to Ultra Modern, all situated on 22 miles of “sugar sand beaches.” The unique area offers many choices: ocean views and riverviews and sometimes multiple water views. Some condos offer boat slips, water features, and even concierge service and valet parking and high speed Internet.

The lure of buying condos before completion has many benefits. Many people want to be involved by choosing interior finishes, granites, tile and carpet – it’s a buyer’s way of customizing their condo as they work with designers and consultants. Individualizing a condo is a way of displaying pride of ownership.

But what to do if you life changes such that you can’t close on your new oceanfront condo?

Some buyers will assign their purchase contracts for a profit and others will give the condo to a property management company to rent. Kheir has seen “family members, siblings sometime share in the excitement.” Daytona Beach is undergoing a change and becoming a great place to live or own a vacation home. The highly amenitized beachfront is becoming more upscale. Almost across the board, it’s the carefree lifestyle that draws boomers to the area. There are far less condos under construction in the greater Daytona Beach area than in south Florida, therefore, prices are remaining stable. “Using a preconstruction specialist allows customers to receive materials from the comfort of their living room” as evidenced by the large number of out-of-state buyers that seek out Kheir’s website and then call him for more information. As a business analyst to some of America’s top corporations, Kheir analyzed financial data and create systems that delivered meaningful customized reports to top tiers of management. Utilizing the same well honed skills brings value to every customer.

How to predict a return on Daytona Beach preconstruction real estate investing?

Kheir says, “While there are no guarantees as to the amount of annual appreciation in today’s marketplace, I have seen several very lucrative deals.” Some developers are motivated to sell a few remaining units and can give very nice deals, upgrades, incentives and even discounts. Depending on the exit strategy, a buyer can expect to either close and hold or assign their contract upon the developer’s approval. One thing is for sure, the direct oceanfront condo will always attract a baby boomer.
How to buy Daytona Beach Preconstruction?

Do your own research, the Internet can be a great aid in finding initial information and selecting a competent REALTOR that understands the market and preconstruction to help you evaluate the options you have available. Kheir encourages his customers to search Yahoo for the terms “Daytona preconstruction condo REALTOR” where he occupies the top 4 spots. Since search engine rankings are based on traffic among other factors, TheNewDaytona.com ranks consistently on the first page.

If you’re contacting the developer directly, you could be taking a gamble since the sales staff has no loyalty to you to disclose vital information, they work for the developer. Go with a knowledgeable Specialist to represent you. O. Kheir is always ready to provide this free service. They are paid commission by the developer and your price is the same.


Preconstruction Bubble or Not?

Daytona Beach Preconstruction and Daytona Beach real estate has been very rewarding to its investors in the past few years. If you’re looking for long term rewards, buying a preconstruction oceanfront condo could be right vehicle for a good Return on Investment (ROI). Not every developer and every project is everybody, so Kheir recommends comparing more than one projects and analyzing each development’s strength and weaknesses. Why did O. Kheir sell over $ 2 million worth of pre-construction condos in one day?

Business analysis and well-articulated consultative skills has always been the key to Kheir’s success as a Multi-Million Dollar Producer and Preconstruction specialist in the greater Daytona Beach area market.