Benito Realty Group, CORAL GABLES real estate: Blog This page contains the blog. Wed, 25 Apr 2018 00:43:37 -0400 en Henry Benito of Benito Realty Group Named One of America's Top 1,000 Real Estate Professionals By Real Trends Thu, 11 Jul 2013 13:37:56 -0400 Benito Realty Group General Henry Benito of Benito Realty Group Named One of America's Top 1,000 Real Estate Professionals By Real Trends With a Special Advertising Section In The Wall Street Journal

Benito, From Miami, Had an Impressive 166 Real Estate Transactions on His Way to Becoming One of Miami's Top Professionals

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MIAMI, July 11, 2013 - Henry Benito of Benito Realty Group was named one of America's top real estate professionals by REAL Trends and The Wall Street Journal. He is now a member of the "Top Thousand Top Real Estate Professionals," a prestigious national awards ranking sponsored annually by the two respected publications. Benito is now ranked in the top one half of 1 percent of the more than 963,000 REALTORS® nationwide. The Top Thousand Real Estate Professionals was announced on June 28, 2013 with four separate categories honoring the top 250 residential agents and agent teams for excellence in: Individual Sales Professionals – Sales volume, Individual Sales Professionals – Transaction sides (in each real estate transaction, there are two sides that can be represented by a real estate agent: a buyer's and a seller's.) Team Professionals Sales volume, Team Professionals Transaction sides According to the Top Thousand Top Real Estate Professionals, Benito had 166 transaction sides, ranking him 149th in the nation.

"The best individual agents and teams – including Benito's award-winning efforts – were nothing short of phenomenal considering the recovering real estate market," said Steve Murray, founder of Denver-based publishing and communications company REAL Trends, which compiled the list.

"Becoming a member of such an elite group as the Top Thousand Real Estate Professionals is an incredible accomplishment in any market, but what Benito did during these challenging times is impressive on so many levels," said Marti Gallardo, vice president of classified advertising for The Wall Street Journal. "His efforts topped 99.99 percent of the more than 963,000 REALTORS nationwide."

"I am absolutely thrilled to be named to the Top Thousand," said Benito, who serves clients primarily in Miami, FL and several major financial instiutions in their disposition of bank owned foreclosures. "Even with the market's challenges, it's incredibly gratifying to help clients find their dream homes as well as help them sell their properties quickly and for the highest price possible." To Learn more about the South Florida Real Estate Market and where the best deals are then visit our comsumer website at:

The ranking of the Top Thousand can be found at:

About the Top Thousand - This awards program was developed jointly by The Wall Street Journal's Advertising Sales Department (and is not affiliated with the Editorial Department) and REAL Trends, a leading source of analysis and information for the residential real estate brokerage industry. The Real Estate Top 1,000 honors America's elite real estate agents and their companies and is compiled and analyzed by REAL Trends with a special ad section included in The Wall Street Journal.

Media Contact: Yvette Hernandez, Benito Realty Group, 305-382-7653 extension 4,

Miami Tops U.S. Foreclosures as Banks Selling in Boom Thu, 11 Jul 2013 13:30:19 -0400 Benito Realty Group General Continue reading here.]]> Real Estate Market Keeps Pace with Basketball Team and Weather Thu, 04 Jul 2013 13:35:33 -0400 Benito Realty Group General

Interesting news: "While the Heat was running up a 27 game winning streak, Miami condo sales were running up a streak of their own:  consistent price increases over a 23 month period.  The median sales price of Miami condominiums rose 20 percent to $180,000 compared to a year earlier and 2.9 percent compared to the previous month. Miami-Dade County single family homes are up 18% from this time last year." Continue reading here.]]>
Miami Booms Like Never Before on Rental Demand: Mortgage Mon, 19 Nov 2012 13:41:54 -0500 Benito Realty Group General "There’s a boom in Miami that we’ve never seen before," said Stephen Ross, chairman and founder of New York-based Related Cos. and owner of the Miami Dolphins football team, at the Bloomberg Commercial Real Estate Conference in New York on Nov. 13. "Miami is probably the hottest real estate market in the U.S. from a residential perspective." Continue reading here.

Miami Makes Cut as Improving Market Mon, 06 Aug 2012 13:44:42 -0400 Benito Realty Group General As reported on the Wall Street Journal Blog: "Hard-hit Miami has rejoined the ranks of recovering housing markets. The metro area, which saw overbuilding during the boom and rampant foreclosures during the bust, made it onto the list of 80 markets the National Association of Home Builders says boast improving economic health. Miami is the biggest city added to August’s list after not appearing in July. (Miami was on the list in February, but then fell off.) Others added this month include: Palm Bay, Fla.; Hinesville, Ga.; Terre Haute, Ind.; and Lubbock, Texas." Continue reading here.

Henry Benito interviewed by Bert Martinez, from the national web radio program Money for Lunch. Mon, 30 Jul 2012 21:29:17 -0400 Benito Realty Group General Benito Realty Group's very own Henry Benito is interviewed by Bert Martinez on national web radio's program "Money for Lunch". Click here to listen! ]]> Real Estate Expert Henry Benito Hits Amazon Best Seller List With “The New Rise In Real Estate” Thu, 19 Jul 2012 21:25:19 -0400 Benito Realty Group General Miami, Florida. – July 19, 2012 – Henry Benito, award-winning real estate entrepreneur and expert, recently joined with a select group of America’s leading real estate professionals and members of the National Association of Expert Advisors to co-write the best-selling real estate book titled, The New Rise in Real Estate: The Nation's Trusted Real Estate Advisors Reveal Their Top Secrets for Buying and Selling Homes in the New Real Estate Economy. The book was released by CelebrityPress® - a leading real estate book publisher.

The New Rise in Real Estate: The Nation's Trusted Real Estate Advisors Reveal Their Top Secrets for Buying and Selling Homes in the New Real Estate Economy was released on Thursday, June 21st, 2012 and features proven secrets and strategies from some of America's leading real estate experts. These experts share how to adjust and adapt to the new economy and succeed in a rapidly changing real estate industry.

On the day of the release, The New Rise in Real Estate: The Nation's Trusted Real Estate Advisors Reveal Their Top Secrets for Buying and Selling Homes in the New Real Estate Economy reached best-seller status in seven Real Estate and Business categories.

Henry Benito has sold over a quarter of a billion dollars worth of residential real estate throughout his career. He represents major lending institutions in disposing of their REO (Real Estate Owned) properties in the South Florida Market and currently leads a team of 19 real estate professionals.  

From CelebrityPress®:

The New Rise in Real Estate: The Nation’s Trusted Real Estate Advisors Reveal Their Top Secrets for Buying and Selling Homes in the New Real Estate Economy Real Estate has changed forever… …and that change can either help you make money-or lose it! The opportunities in buying and selling homes have never been greater, but that goes for the dangers too. How can you know the best moves to make when you’re moving-or simply looking for the most profitable real estate investments? America’s best and most successful real estate advisors are here to help-with cutting-edge advice you won’t get anywhere else. They’ve got their finger on the pulse of the country’s real estate market-and they’re ready to share their insider strategies here for the first time ever! The New Rise in Real Estate could lead to a rise in your bank account, if you know how to take advantage of it. This revealing book, created and compiled by the National Association of Expert Advisors, will uncover the moneymaking secrets from the pros who know-and who are now giving you exclusive access to their proven strategies for buying and selling homes.

After such a successful release, Henry Benito will be recognized by The National Academy of Best-Selling Authors®, an organization that honors authors from many of the leading independent best-seller lists.

To order a copy of the book, please go to

Learn more about Henry Benito by visiting  You can reach him at 305-382-7653 or at

South Florida leads US in distressed home loans Thu, 10 May 2012 15:09:07 -0400 Benito Realty Group General News from South Florida loans from the Sun Sentinel "A greater proportion of home loans in South Florida are distressed than in any other region in the United States, according to data from, the Sun Sentinel reported. The Web site is a joint initiative between Local Initiatives Support, Urban Institute and the Center for Housing Policy. It is the seventh quarter in a row in which South Florida has led the country in the rate of home loan delinquency." Continue reading here.

REO Professional Henry Benito Signs With Dicks + Nanton Celebrity Branding Agency Fri, 27 Jan 2012 00:07:13 -0500 Benito Realty Group General Nick Nanton, Esq. and JW Dicks, Esq., co-founders of Dicks + Nanton Celebrity Branding Agency, have recently signed nationally recognized Real Estate Broker and REO Default Professional, Henry Benito

Click here to continue reading the press release.

Equator Features Henry Benito in Winter 2012 Newsletter to Brokers Across the U.S. Mon, 02 Jan 2012 16:30:53 -0500 Benito Realty Group General Equator features Henry Benito

Equator's technology delivers unparalleled efficiency in processing and negotiating REO’s, so it was no surprise that the company chose our very own Henry Benito - a pioneer in the real estate industry and well-versed in technology. Please click here to view the Equator Winter 2012 Agent Newsletter.

Read more

Rick Scott, GOP to consider taking courts out of foreclosure process Sat, 01 Oct 2011 17:37:58 -0400 Benito Realty Group General

Very interesting article from the Miami Herald: "The push is on in Florida to cut the courts out of the foreclosure process. Supporters of the concept — which is used in nearly 30 states — say it will speed foreclosures, get houses back onto the real estate market and boost the economy. Opponents say it puts property owners at the mercy of banks..."

The article continues: "Bottom line: Foreclosures take longer and are more expensive in states that involve courts, said state economist Amy Baker"

Continue reading here:

]]> Benito Realty Group Yard signs in the news again Mon, 27 Jun 2011 13:55:53 -0400 Benito Realty Group General Front page of the Miami Herald on one of our Bank Owned listings.  As one of the leading foreclosure brokers our signs grab attention of Buyers and the media.  We have received several Buyer calls and web traffic from this article and will follow up with these Buyers to offer them more of our up and coming REO inventory.

Benito Realty on front page of The Miami Herald

Benito Realty Group sign shows up in Academy Award winning film Inside Job Fri, 27 May 2011 14:00:14 -0400 Benito Realty Group General Even though we didn’t ask to be featured or had anything to do with the financial meltdown in the U.S. we are glad and proficient in helping  the lenders clean up the mess. Click here to view the trailer.

Benito Realty in The Inside Job

South Florida is #1 for mortgage fraud Thu, 31 Mar 2011 13:01:13 -0400 Benito Realty Group General Great article at The Real Deal: "South Florida is first in the country for the number of mortgage fraud suspicious activity reports per capita, according to a new report from the Financial Crimes Enforcement Network. The region, which recorded 11,833 such reports last year, also leads the nation in Medicare fraud and auto insurance fraud."

To continue reading the full article click here.

South Florida residential inventory Thu, 31 Mar 2011 12:55:01 -0400 Benito Realty Group General Here is a chart of South Florida's residential inventory:

South Florida residential inventory


"Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing."

Continue reading the article at The Real Deal

Company Removes Chinese Drywall From 1st Home Tue, 15 Feb 2011 11:16:00 -0500 Benito Realty Group General Chinese Drywall

"A home in Lauderhill is the first of dozens of homes in South Florida that will get rid of toxic Chinese drywall at the expense of the company that developed it.Three-hundred homes with defective Chinese drywall will be repaired by the manufacturer in a new pilot program."

"It's not just removing the drywall and putting in new," said Howard Ehrsam, of Chinese Drywall Screening. "You have to get rid of all the particulate, the gases, and treat everything before you can start putting it back."

Click here to continue reading the entire article.

Click here to watch the video.

Foreclosure Freeze Slows Home Sales Thu, 07 Oct 2010 03:14:00 -0400 Benito Realty Group General A very interesting article on foreclosures. Here are some excerpts from the article.

"The decision by three major banks to freeze foreclosures will buy distressed homeowners months of extra time and temporarily block lenders from reclaiming homes."

"But it also threatens to buckle South Florida's home sales."

"As the foreclosure moratoriums play out, a slowdown in low-priced, bank-owned properties coming through the pipeline could further hamper sales in South Florida, which depends on foreclosures more than most parts of the country."

To continue reading the full article click here.
GOVERNOR CRIST SIGNS THE “DISTRESSED CONDO RELIEF ACT” Tue, 29 Jun 2010 20:15:30 -0400 Benito Realty Group General governercrist.jpg

Florida Gov. Charlie Crist is making the rounds in South Florida on Thursday, signing a condominium relief bill in three ceremonies.

Crist officially signed Senate Bill 1196 on June 1 but is in town to shake hands and hobnob with some of the people instrumental in getting the measure approved.

The bill is meant to help condo boards hammered by financial problems caused the housing meltdown. Provisions that will benefit community associations include:

You can watch the video here.

Pick your CU Vendor Carefully in Miami-Dade Sun, 09 May 2010 14:46:11 -0400 Benito Realty Group General Pick your CU Vendor Carefully in Miami-Dade

Miami-Dade County- Certificate of Use Inspections, Ordinance No. 08-133

Miami Dade County logo

The Certificate of Use (CU) requirement is a consumer-protection legislation enacted in December 2008 for unincorporated Miami-Dade County.  There are several municipalities in Miami-Dade where the CU legislation is not required.   The APN parcel number (folio #) should start with 30- to ensure that the CU legislation applies.  The process of the new CU is to document and disclose to the public/buyer, the extent as to which residential properties (i.e. single family, condominium, townhouse, or duplex) acquired through foreclosure comply with all applicable building codes and zoning codes.

The holder of a property, acquired through a Certificate of Title (i.e. lending institutions and mortgagees), is responsible for obtaining the CU on properties acquired after 12/12/2008.  The CU report is performed by a licensed contractor or engineer.  The report is then submitted to the County for review and recording.  The ordinance reads that the recorded report must be available for review by a Buyer prior to going under contract.

Some inspections that are being conducted on these CU required properties are turning up with repairs needed.  As per the CU ordinance, repairs are not grounds for violations. The Department's main concerns are illegalities. Once the inspection report is submitted, if any illegalities are noted, a violation case will be opened immediately.  Please note, a violation(s) will not affect the recording of the CU, the report will still get recorded with the County.

Particular attention should be given to which CU firm is selected.   An immense number of CU Mills sprouted up by individuals wanting to capitalize on this opportunity when the legislation passed.  Most will not inform the Broker / Seller as to illegalities and possible preventable measures that can be taken before the report is actually recorded.  Such preventable measures can assist in bringing a property into compliance so that a violation(s) never comes to fruition.

Miami-Dade has major problems with illegal garage conversions and additions. Resolving these issues at a minimal expense, before the actual recording of a CU, will reduce marketing time and make the property available to financed Buyers.  

For further clarification or questions feel free to contact our office.

Florida Submits Detailed Proposal for Utilization of Hardest Hit Funding Fri, 30 Apr 2010 21:13:19 -0400 Benito Realty Group General of five state housing finance agencies to receive funding through the administration’s Hardest Hit Fund. Of the initial $1.5 billion in federal funding allocated for these markets, Florida Housing is slated to receive $418 million, pending the approval of its proposal.

In its proposal, which is currently being reviewed by the Treasury Department, Florida Housing outlined two strategies that will help homeowners either stay in their home or achieve an outcome that is better than losing their home at a foreclosure sale. In addition, the agency proposed a third strategy designed to protect home values across the state."

Very informative. For the full article click here.