Ft Lauderdale Realtor Eric Miller of Keller Williams Realty is pleased to announce the approval and pending closings of three additional short sales from Boyton Beach to Plantation. The word on the street remains that completing a short sale is a difficult task but the team at Eric Miller and Associates are getting a reputation of being the Ft Lauderdale real estate short sale experts as they continue to complete the process for homeowners in distressed Ft Lauderdale Real Estate situations.
Eric and a team of attornies have been conducting seminars in the Fort Lauderdale Real Estate offices of Keller Williams with one goal in mind, protecting the rights of Florida homeowners. At our seminars we try to convince homeowners that the most important thing they can do if they are falling behind with their mortgage payments and spend time with a team of professionals and come up with a plan that works for their family.
Planning can be differant for each family but knowing what a forclosure defense attorney can do for you, and what a short sale can do, will allow you to plan accordingly. Nobody should ever have to deal with the fear that comes when a bank sends a document to your home that you do not understand. Planning and protecting your rights are the most important thing any homeowner can do if you are falling behind on your morgtage obligations. If you are a South Florida homeowner with a possible Ft Lauderdale real estate problem email Eric Miller and Associates for the date of our next seminar or with any Fort Lauderdale Real Estate questions.
Ft Lauderdale Real Estate - A discussion of the Fort Lauderdale Real Estate Market including, news, and trends that effect Ft. Lauderdale Real Estate.
Fort Lauderdale Short Sales
Fort Lauderdale Successful Short Sale
Eric Miller and Associates are pleased to announce the successful completion of another Fort Lauderdale Short Sale, this time in the Victoria Park neighborhood of Fort Lauderdale, in the Pine crest Condominium. At 151 NE 16th Avenue in Fort Lauderdale, Pine Crest Village was originally a rental community in one of the hottest areas of the Ft Lauderdale Real Estate market. The community received a complete renovation when it was converted to a condominium from 2004 to 2005. Originally after conversion this one bedroom Ft Lauderdale Condo sold for $157,900, two years later during the height of the Fort Lauderdale Real Estate market this unit sold for $225,000. Today after numerous bank appraisals the property sold for $115,000.
Pine Crest Viallage, Victoria Park, Fort Lauderdale
This one bedroom Ft Lauderdale Condo was in immaculate condition and the only negative was that this Ft Lauderdale Condo unit did not have any exterior space. It is the perfect getaway for someone wanting a downtown Fort Lauderdale Condo at an incredible price. In today’s Fort Real Estate market any negative to a condominium unit can drive the price down dramatically where it may have meant little when the market was tight and prices were rising. Every condominium property has some units that are less desirable than others and in today Fort Lauderdale Real Estate market these units can represent the opportunity to purchase into incredible properties such as Pine Crest Village, in great locations such as Victoria Park, at prices that were unheard of in Fort Lauderdale Real Estate just a few years back. The least expensive unit in a Fort Lauderdale Condominium may turn out to be a great investment in the years to come.
Thinking about purchasing a Fort Lauderdale Condominium the team at Eric Miller and Associates is ready to help you starting hunting today with access to the Fort Lauderdale MLS.
Full Service Ft Lauderdale Real Estate Facts
Full Service Ft Lauderdale Realtors
Fort Lauderdale Realtors, Eric Miller and Associates of Keller William Realty in Fort Lauderdale are pleased to announce that their driving mission that, everyone deserves a great Realtor has taken on the a new meaning during 2011. This Fort Lauderdale Real Estate team has participated in the sale of a beautiful Fort Lauderdale Waterfront Home home in the Las Olas area of Fort Lauderdale, the sale of one of the lowest priced Ft Lauderdale foreclosure single family homes (in distressed condition), the successful short sale of a Fort Lauderdale Beach area condominium, and a regular sale of a Wilton Manors Waterfront home, all in the matter of a few weeks. The story is simply that great realtors study and perform in every segment of the market to best service their clientele.
Diverse Collection of Fort Lauderdale Real Estate
The Fort Lauderdale Real Estate market is a diverse collection of property from the multi million dollar Ft Lauderdale Waterfront homes in some of the finest areas of town, where lot values themselves often approach a million dollars, to some of the more challenged neighborhoods where so many homes were purchased during the speculative days of Ft Lauderdale Real Estate that many have ended up as Fort Lauderdale Short Sales or Ft Lauderdale Foreclosures. The bulk of the Ft Lauderdale Real Estate market is made of many great neighborhoods, where prices are depressed but very few homes are ending up as distressed foreclosed properties.
National Real Estate Report
Recently a national real estate report came out quoting gloom and doom for many real estate markets including Fort Lauderdale. Nowhere in the report did it mention that the real estate numbers in Broward County are dramatically skewed by over 55 communities which are extremely large properties within certain areas of the Fort Lauderdale real estate market. These huge communities can dramatically skew real estate numbers and any broad stroke analysis of the Ft Lauderdale Real Estate market will tend to be incorrect. I recently sold my mothers condominium in a community where there were over 300 units on the market, in the entire zip code there were only 340, it is clear that in this area one very large over 55 community ( where prices have always been lower than the median homes price in Broward County ) can effect the look of the market.
Fort Lauderdale Real Estate Facts
In Broward County, all tax records are available on line. Any Fort Lauderdale Realtor can access these records, and include in the search properties that have a lien on them. Curious about the distressed property situation of any Ft Lauderdale neighborhood or Ft Lauderdale Condo, before you buy ask your realtor for a real picture of the community, take a look at what to expect, ask your realtor, “How many unsold properties are their with liens on them”? A small number of distressed Fort Lauderdale properties will not spell gloom and doom, when a property is purchased correctly in today’s Fort Lauderdale Real Estate market.
Fort Lauderdale Realtors, Eric Miller and Associates of Keller William Realty in Fort Lauderdale are pleased to announce that their driving mission that, everyone deserves a great Realtor has taken on the a new meaning during 2011. This Fort Lauderdale Real Estate team has participated in the sale of a beautiful Fort Lauderdale Waterfront Home home in the Las Olas area of Fort Lauderdale, the sale of one of the lowest priced Ft Lauderdale foreclosure single family homes (in distressed condition), the successful short sale of a Fort Lauderdale Beach area condominium, and a regular sale of a Wilton Manors Waterfront home, all in the matter of a few weeks. The story is simply that great realtors study and perform in every segment of the market to best service their clientele.
Diverse Collection of Fort Lauderdale Real Estate
The Fort Lauderdale Real Estate market is a diverse collection of property from the multi million dollar Ft Lauderdale Waterfront homes in some of the finest areas of town, where lot values themselves often approach a million dollars, to some of the more challenged neighborhoods where so many homes were purchased during the speculative days of Ft Lauderdale Real Estate that many have ended up as Fort Lauderdale Short Sales or Ft Lauderdale Foreclosures. The bulk of the Ft Lauderdale Real Estate market is made of many great neighborhoods, where prices are depressed but very few homes are ending up as distressed foreclosed properties.
National Real Estate Report
Recently a national real estate report came out quoting gloom and doom for many real estate markets including Fort Lauderdale. Nowhere in the report did it mention that the real estate numbers in Broward County are dramatically skewed by over 55 communities which are extremely large properties within certain areas of the Fort Lauderdale real estate market. These huge communities can dramatically skew real estate numbers and any broad stroke analysis of the Ft Lauderdale Real Estate market will tend to be incorrect. I recently sold my mothers condominium in a community where there were over 300 units on the market, in the entire zip code there were only 340, it is clear that in this area one very large over 55 community ( where prices have always been lower than the median homes price in Broward County ) can effect the look of the market.
Fort Lauderdale Real Estate Facts
In Broward County, all tax records are available on line. Any Fort Lauderdale Realtor can access these records, and include in the search properties that have a lien on them. Curious about the distressed property situation of any Ft Lauderdale neighborhood or Ft Lauderdale Condo, before you buy ask your realtor for a real picture of the community, take a look at what to expect, ask your realtor, “How many unsold properties are their with liens on them”? A small number of distressed Fort Lauderdale properties will not spell gloom and doom, when a property is purchased correctly in today’s Fort Lauderdale Real Estate market.
Ft Lauderdale Real Estate - Check out Oakland Park Real Estate
Homes for sale in Oakland Park, Florida are very competitively priced. When shopping homes for sale in the Fort Lauderdale area, Oakland Park is conveniently located near the beach, shopping and schools. Oakland Park is located in East Broward County, just North of Wilton Manors and just West of Fort Lauderdale.
One neighborhood to consider when shopping for a single family homein Oakland Park is Lloyd Estates, located in zip code 33309. Lloyd Estates offers an elementary school nearby, quiet streets, large lots and a dog park. Within Lloyd Estates, there are both starter homes and renovated fixed-bridge water front homes, for those looking to move up. You can find a park like settings, small bridges and an abundance of lush landscape in areas such as “River Wood Acres” and “Sleepy River Acres.” Many of these homes feature pools and large square footage.
Homes for sale in Lloyd Estates include a 4 bedroom and 2 bath home with garage offered at $260,000. Also listed is a 3 bedroom 2 bath renovated home with tumbled marble, California closets, 20” X 20” tiles, large master bedroom, custom finishes and high end lighting for $279,000. For a starter home in Lloyd Estates, there is a 3 bedroom 2 bath home, with an eat-in kitchen, and oversized back yard priced at $150,000.
Real Estate in Lloyd Estates is just one area to consider. It is an example of one well established Fort Lauderdale neighborhood to consider when shopping for Real Estate in the Fort Lauderdale area. There are many neighborhoods to explore, each with their own character and charm. Your experienced real agent agents at Eric Miller and Associates will assist you in finding the right home, in the perfect nieghborhood for you in the Fort Lauderdale area. Ready to start hunting you can view the entire Fort Lauderdale MLS.
One neighborhood to consider when shopping for a single family homein Oakland Park is Lloyd Estates, located in zip code 33309. Lloyd Estates offers an elementary school nearby, quiet streets, large lots and a dog park. Within Lloyd Estates, there are both starter homes and renovated fixed-bridge water front homes, for those looking to move up. You can find a park like settings, small bridges and an abundance of lush landscape in areas such as “River Wood Acres” and “Sleepy River Acres.” Many of these homes feature pools and large square footage.
Homes for sale in Lloyd Estates include a 4 bedroom and 2 bath home with garage offered at $260,000. Also listed is a 3 bedroom 2 bath renovated home with tumbled marble, California closets, 20” X 20” tiles, large master bedroom, custom finishes and high end lighting for $279,000. For a starter home in Lloyd Estates, there is a 3 bedroom 2 bath home, with an eat-in kitchen, and oversized back yard priced at $150,000.
Real Estate in Lloyd Estates is just one area to consider. It is an example of one well established Fort Lauderdale neighborhood to consider when shopping for Real Estate in the Fort Lauderdale area. There are many neighborhoods to explore, each with their own character and charm. Your experienced real agent agents at Eric Miller and Associates will assist you in finding the right home, in the perfect nieghborhood for you in the Fort Lauderdale area. Ready to start hunting you can view the entire Fort Lauderdale MLS.
Waterfront Homes in Ft Lauderdale
In the last two months over sixty Ft Lauderdale Waterfront Homes have been sold. There are less than 400 Ft Lauderdale Waterfront Homes on the market in the sample area we used, and understanding that the summer months would normally be the quietest for Fort Lauderdale Real Estate it is clear that there is a strong season is ahead for the prizes of Ft Lauderdale Real Estate, the ocean access Fort Lauderdale Waterfront Homes.
Over the last two months the two highest priced waterfront homes sold were both in the Harbor Beach neighborhood of Fort Lauderdale. One on Lucille Drive, and the other on Mercedes Drive both homes sold for just under $4,000,000 and both had over 100 feet of prime waterfront. In the Idlewyld neighborhood of Fort Lauderdale Waterfront Homes, just off Las Olas, a home of over 5800 sq. feet with 65 feet of waterfront sold for $2,700,000. At the other end of the Fort Lauderdale Waterfront spectrum if you willing to travel 40 minutes up the New River through downtown Fort Lauderdale a home of just about 1200 Sq. feet sold in the Chula Vista area of Fort Lauderdale for $149,000. This Chula Vista home was a rarity, and did have a fixed bridge before reaching open water. Finding any Fort Lauderdale area waterfront at this price is a unusual, but please keep in mind this was a 3 bedroom/1 bath home located west of highway 95. A while back we wrote about a Fort Lauderdale Foreclosure on the Waterfront, truly another rarity. This home with 240 of waterfront on an intracoastal point lot sold for $2,000,000.
When you are thinking about Buying a Fort Lauderdale Waterfront home, the first thing to think about is what you plan to place at the dock. Some Fort Lauderdale Real Estate buyers seek Ft Lauderdale Waterfront solely for the view. Limited ocean access but spectacular natural vistas such as the Ft Lauderdale area waterfront homes in the City of Wilton Manors can certainly be had for lower prices. If your dream Fort Lauderdale Waterfront home is about keeping a large boast in the back yard and having easy access to the ocean, this means areas such as Harbor Beach or Rio Vista. These premiere neighborhoods of the Fort Lauderdale Real Estate market allow quick access to the intracoastal and the ocean. The Fort Lauderdale Boat is in October each year and it’s a great time to decide on the perfect boat and home to dock it at, as always the team at Eric Miller and Associates is here to help.
Eric Miller and Associates are proud to have represented numerous Fort Lauderdale Waterfront Homes buyers, and are always here to help you begin your search on-line prior to arriving in the Fort Lauderdale areaby providing complete access to the Fort Lauderdale MLS. Contact Eric Miller and Associates today and let us keep you informed of the best buys in Fort Lauderdale Waterfront properties. Starting with Eric Miller and Associates at Keller Williams Luxury Division as your buyers agent is a great way to start your search for a Fort Lauderdale Waterfront Property.
Wilton Manors Townhomes range is size from smaller 1100 sq. foot Wilton Manors Townhomes to the larger of the Wiltonn Manors Townhomes close to 3000 sq feet. At the larger end of the Wilton Manors Townhouse collection is Valencia with air conditioned living space in these Wilton Manors Townhome coming in at almost 2200 square feet. Add in the 3 balcony areas, and a large two car garage and it is clear that Valencia represents one of the largest townhomes built in the Wilton Manors Real estate market. Its
not all about size, Valencia is one of the highest quality Wilton Manors Town Houses in the City of Wilton Manors.
Wilton Manors Real Estate was booming when Valencia was started. Valencia units were completed in 2009 after being under contract for years prior to the slowdown of the Wilton Manors real estate market. The length of time the units took to build was a true hardship for the builder and the original buyers many of whom never
Buyers of Wilton Manors Homes who are looking for something unique will be hard pressed to find anything of this square footage, or quality, in pristine condition, in either the inventory of Homes for Sale in Wilton Manors, or Condos for Sale in the City of Wilton Manors. Simply there is no comparison to the resale listing at Valencia Townhomes, in Wilton Manors. Search all Wilton Manors Townhomes for Sale, and you will see why this masterpiece stands out. Since the original purchase at the end of 2009 the owners have put over$40,000 into the property to allow it to show the way it does today. From top of the line appliances, to beautiful flooring and a custom paint job this Valencia Townhome is truely a showplace in Wilton Manors Real Estate. Priced at $499,000 this townhome is only for the serious buyer who wants to own Wilton Manors finest and understands it will be along time before you see this type of contruction is available again in Wilton Manors Real Estate.
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| Private Dipping Pool |
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| Front of Valencia |
Wilton Manors Real Estate was booming when Valencia was started. Valencia units were completed in 2009 after being under contract for years prior to the slowdown of the Wilton Manors real estate market. The length of time the units took to build was a true hardship for the builder and the original buyers many of whom never
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| Master Bath |
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| Valencia Kitchen |
closed. The end result however was a piece of Wilton Manors Real Estate made up of 6 of the highest quality townhomes in the City of Wilton Manors with tremendous attention to detail throughout. The original concept of Valencia was to give each purchaser the ability to customize their townhomes throughout the process to create a townhome community which felt more like six custom Wilton Manors homes. The original plan had some bumps in the road, as did the Wilton Manors Real Estate market but today Valencia has turned into exactly what was planned, six totally differant attached Wilton Manors homes that have been customized by their owners to a point that each is its own piece of outstanding Wilton Manors Real Estate.
Buyers of Wilton Manors Homes who are looking for something unique will be hard pressed to find anything of this square footage, or quality, in pristine condition, in either the inventory of Homes for Sale in Wilton Manors, or Condos for Sale in the City of Wilton Manors. Simply there is no comparison to the resale listing at Valencia Townhomes, in Wilton Manors. Search all Wilton Manors Townhomes for Sale, and you will see why this masterpiece stands out. Since the original purchase at the end of 2009 the owners have put over$40,000 into the property to allow it to show the way it does today. From top of the line appliances, to beautiful flooring and a custom paint job this Valencia Townhome is truely a showplace in Wilton Manors Real Estate. Priced at $499,000 this townhome is only for the serious buyer who wants to own Wilton Manors finest and understands it will be along time before you see this type of contruction is available again in Wilton Manors Real Estate.
Ft Lauderdale Foreclosures - Missing from Fort Lauderdale Beach
Fort Lauderdale Real Estate has become the subject of a new play, The name of the play is as of yet undecided but there are a few ideas out there. We start of with, "I want to buy a Bargain Condo in Ft Lauderdale !", the second is Coming to buy a Ft Lauderdale Condo", the third is " I want to steal a Fort Lauderdale Condominium". The subject of the play is clear, its is thankful that there are still tons of people looking to purchase their bargain dream condo in Fort Lauderdale, and we follow their disappointment as they hunt and wait simply because they have decided to ignore the facts.
Unfortunately as we wait to name the fictional play about Ft Lauderdale Real Estate, the facts are rolling in. We are starting to turn any fictional story about purchasing your dream Fort Lauderdale Condominium, especially a Fort Lauderdale Foreclosure, a bit into a Fairytale. Thinking about a Fort Lauderdale Waterfront Home and the theme continues, as a bit of a nightmare, because if it is a Fort Lauderdale Waterfront home you want as a Foreclosure, there are currently 3 available, the least expensive of which is $276,000 for a small home in need of repair. Good deals don't always come in a Foreclosure package in Ft Lauderdale Real Estate.
Fort Lauderdale Real Estate facts for today, 5 minutes ago there are, 7 Foreclosed Condos in the Fort lauderdale Beach area offered for Sale. They range in price from $145,000 for a one bedroom, with a semi-blocked view (which we honestly thing is a great deal) to a unit for $579,000 at Las Olas Beach that has never been lived in and is "designer ready", which basically means no floors. That is it, 7 units foreclosed units for sale not much of a script to write. when our goal was to follow some happy buyers. Want to recieve a daily e-mail, free of charge containing new Ft Lauderdale Foreclosure Condos for sale, tell us what you are looking for and we will set up a custom search.
Today, Fort Lauderdale Beach is a story about the "Missing Foreclosure", simple there are far fewer that there are buyers. Even though there are great deals to be had in the Fort Lauderdale Condo market they usually come from of a motivated seller, not from a bank owned property. But dont wait, inventory in the best neighborhoods all over the country is selling well, and when seeking to purchase a home remember the most important goal is to buy one that is right for you, nobody is better equipped to help you in that search than your local real estate expert, in Fort Lauderdale Real Estate that is Eric Miller and Associates, and we are ready to help.
Unfortunately as we wait to name the fictional play about Ft Lauderdale Real Estate, the facts are rolling in. We are starting to turn any fictional story about purchasing your dream Fort Lauderdale Condominium, especially a Fort Lauderdale Foreclosure, a bit into a Fairytale. Thinking about a Fort Lauderdale Waterfront Home and the theme continues, as a bit of a nightmare, because if it is a Fort Lauderdale Waterfront home you want as a Foreclosure, there are currently 3 available, the least expensive of which is $276,000 for a small home in need of repair. Good deals don't always come in a Foreclosure package in Ft Lauderdale Real Estate.
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| Welcome to Fort Lauderdale |
Fort Lauderdale Real Estate facts for today, 5 minutes ago there are, 7 Foreclosed Condos in the Fort lauderdale Beach area offered for Sale. They range in price from $145,000 for a one bedroom, with a semi-blocked view (which we honestly thing is a great deal) to a unit for $579,000 at Las Olas Beach that has never been lived in and is "designer ready", which basically means no floors. That is it, 7 units foreclosed units for sale not much of a script to write. when our goal was to follow some happy buyers. Want to recieve a daily e-mail, free of charge containing new Ft Lauderdale Foreclosure Condos for sale, tell us what you are looking for and we will set up a custom search.
Today, Fort Lauderdale Beach is a story about the "Missing Foreclosure", simple there are far fewer that there are buyers. Even though there are great deals to be had in the Fort Lauderdale Condo market they usually come from of a motivated seller, not from a bank owned property. But dont wait, inventory in the best neighborhoods all over the country is selling well, and when seeking to purchase a home remember the most important goal is to buy one that is right for you, nobody is better equipped to help you in that search than your local real estate expert, in Fort Lauderdale Real Estate that is Eric Miller and Associates, and we are ready to help.
Wilton Manors Townhome - Just Listed
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| Waterfront Wilton Manors Townhome |
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| Wilton Manors Townhome on Townhouse Isle |
Ft Lauderdale Waterfront Home Sold by Eric Miller and Associates
Eric Miller, Fort Lauderdale, Realtor with Keller Williams Realty Ft Lauderdale is pleased to announce the sale of this historic Ft Lauderdale Waterfront home originally built in 1931 in the Colee Hammock neighborhood of Fort Lauderdale.
The home which sits on 60 feet of prime waterfront just seconds from the New River, and downtown Fort Lauderdale. When looking for a home in the the Fort Laudrdale Real Estate market three things that are often very high on buyers wish list.
The first is a great place to leave a boat. This home is has a great dock and a boat lift. The second is a property that is walkable to many of the things Ft Lauderdale has to offer. Being just of Las Olas and blocks from the many restaurants including the 24 hour a day Floridian, this home certainly offers that. The last but not least is, some South Florida charm. Often finding this type of charm in the Fort Lauderdale Real Estate market can be tough after years of building larger and larger homes built of concrete in order to withstand hurricanes. Built in 1931, and having received a major renovation in 1963, this home has seen its share of bad weather. The recent addition of hurricane windows and shutters throughout the home adds a level of hurricane security that will allow the new home owner to enjoy this home long into the future.
At Eric Miller and Associates we are pleased to have represented the buyers of the special piece of Ft Lauderdale Real Estate, and are always here to help you find your perfect Ft Lauderdale Home for Sale.
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Fort Lauderdale - Colee Hammock Home |
The first is a great place to leave a boat. This home is has a great dock and a boat lift. The second is a property that is walkable to many of the things Ft Lauderdale has to offer. Being just of Las Olas and blocks from the many restaurants including the 24 hour a day Floridian, this home certainly offers that. The last but not least is, some South Florida charm. Often finding this type of charm in the Fort Lauderdale Real Estate market can be tough after years of building larger and larger homes built of concrete in order to withstand hurricanes. Built in 1931, and having received a major renovation in 1963, this home has seen its share of bad weather. The recent addition of hurricane windows and shutters throughout the home adds a level of hurricane security that will allow the new home owner to enjoy this home long into the future.
At Eric Miller and Associates we are pleased to have represented the buyers of the special piece of Ft Lauderdale Real Estate, and are always here to help you find your perfect Ft Lauderdale Home for Sale.
Fort Lauderdale Home Gets a Tenting
Fort Lauderdale Real Estate buyers are often from other parts of the country coming from areas where each winter they get a good solid freeze along with snow. As Ft Lauderdale Realtors we certainly appreciate the fact that it does snow in so much of the country and does remind so many people why a piece of paradise can be found in Fort Lauderdale Homes for Sale.
Ft Lauderdale Realtors work had to explain the ins and out of buyer a home in the Ft Lauderdale Real Estate market, and often one thing talked talk about is that word Termites, or what more properly is referd to as Wood Destroying Organisms or "WDO". Often Ft Lauderdale Realtors mention "WDO" reports without as much of a blink from their clients, who simply accept that they trust the realtor they are working with. Trust is the best basis for a working relationship with all Ft Lauderdale Realtor Testimonials.
Fort Lauderdale Real Estate questions lead to knowledge, so feel free to ask questions. In Fort Lauderdale Real Estate we often joke that there are two types of termites, " here today and here tomorrow", or we mention the good news that they "dine slowly". Either way the important fact is that because we do not get major freezes there are numerous forms of wood destroying organisms which can effect your real estate purchase. Finding termites, or WDO organisms is not the end of the deal, in fact I tell most buyers, "having the house treated before moving in is often a good thing, and then maintaining your warranty is important." One method of treatment is called a tenting, and just the other day I saw one being done so I thought I would share it with you this common event in Fort Lauderdale Real Estate.
Fort Lauderdale Waterfront Homes sometimes have a tougher propblem as water does attract more WDO's but as long as the home you are buying has an existing termite warranty, and there is no evidence of wood damage ( found during an inspection ) you can feel confident that the home has been taken care of. Tenting is just one type of treatment there are others. If the Ft. Lauderdale Home hasn't been taken care of you can rely on your WDO Inspection to spell out the best course of action so that you have many years of termite free living in your new piece of Fort Lauderdale Real Estate.
For all your Fort Lauderdale Real Estate need contact Eric Miller at Keller Williams Fort Lauderdale.
Ft Lauderdale Realtors work had to explain the ins and out of buyer a home in the Ft Lauderdale Real Estate market, and often one thing talked talk about is that word Termites, or what more properly is referd to as Wood Destroying Organisms or "WDO". Often Ft Lauderdale Realtors mention "WDO" reports without as much of a blink from their clients, who simply accept that they trust the realtor they are working with. Trust is the best basis for a working relationship with all Ft Lauderdale Realtor Testimonials.
Fort Lauderdale Waterfront Homes sometimes have a tougher propblem as water does attract more WDO's but as long as the home you are buying has an existing termite warranty, and there is no evidence of wood damage ( found during an inspection ) you can feel confident that the home has been taken care of. Tenting is just one type of treatment there are others. If the Ft. Lauderdale Home hasn't been taken care of you can rely on your WDO Inspection to spell out the best course of action so that you have many years of termite free living in your new piece of Fort Lauderdale Real Estate.
For all your Fort Lauderdale Real Estate need contact Eric Miller at Keller Williams Fort Lauderdale.
Ft Lauderdale Restaurant For Sale
Fort Lauderdale Restaurant - Wilton Wings - located just outside the City of Wilton Manors has been placed on the market as it continues to report growing sales and profits, and represents a great opportunity for an experienced restaurant owner who wants a new spot in Fort Lauderdale.
Check out the reviews of this restaurant, Sun Sentinel Review, and continue to dig further and further, what you will find is that people who have visited Wilton Wings only have great things to say. The current owners are willing to train the new owner and make sure the tradition of growth and profit continue. Staffed, operating, and ready to go.
Interested in finding out details about this business opportunity, call Eric Miller directly today at (954) 383-8170.
Check out the reviews of this restaurant, Sun Sentinel Review, and continue to dig further and further, what you will find is that people who have visited Wilton Wings only have great things to say. The current owners are willing to train the new owner and make sure the tradition of growth and profit continue. Staffed, operating, and ready to go.
Interested in finding out details about this business opportunity, call Eric Miller directly today at (954) 383-8170.
Fountains on Ocean Blvd | Gets Ready for Fort Lauderdale Auction
Fountains on Ocean Boulevard Fort Lauderdale – officially became the site to sign twirling and a large sign saying "opening bid $125,000" as they developer roled out his latest marketing strategy to sell out the property. The remaining units available within this Fort Lauderdale Condominiums will be marketed via an auction process.
A long time supporter of the Fountains of Ocean Boulevard and the Fort Lauderdale Realtor who represented the Fountains Condominium through many of their sales, I do want to make it clear that anything said here is strictly my opinion. I have not officially worked with the developer since June of 2010, though our relationship has remained cordial.
Real Estate auctions are usually done for three reasons, 1) to establish a correct market value of a property, 2) To identify a large pool of buyers very quickly for the property, buyers who may buy units even after the process is complete, 3) To quickly sell as many units as possible at market value.
Often the marketing approach involves stating an “opening bid” that attracts tons of people to the property feeling that the auction is absolute and that this opening bid will involve the sale of units. This is often not the case, and I think it is very unlikely that any units will sell at the Fountains of Ocean Boulevard for the opening bid of $125,000. It is just an opening bid, and may not be a bid the seller will accept. The goal is simply to get two bidders, as that creates an auction.
Recently I attended an auction and bid on a property with an opening bid of $1000, with only two bidders myself being one of them the property was sold after auction for ten times the highest bid they received the day of the auction.
Please do not get me wrong, I do not think the auction process is a bad thing for the Fountains on Ocean Blvd., I just don’t think the units will be brought down to the prices that I see the marketing of the auction implying. There is a definite market value for the Fountains of Ocean Boulevard, and the units will sell accordingly. I have been a long time supporter of this condominium and if you’ve read my article about 2011 being the Last Year to buy a New Condominium in Fort Lauderdale, this marketing process is simply going to help move some additional inventory into the sold column.
As always Eric Miller and Associates is always here to help you with any questions about the Fountains on Ocean Boulevard or any Fort Lauderdale Condominium development. As the former sale manager of the Fountains on Ocean Boulevard, I am available to be your buyer’s agent, if you plan on pursuing a potential purchase of a condo at The Fountains on Ocean Boulevard. I am available to help make sure the condo at Fountains on Ocean Blvd. you purchase is the great deal you expect it to be.
A long time supporter of the Fountains of Ocean Boulevard and the Fort Lauderdale Realtor who represented the Fountains Condominium through many of their sales, I do want to make it clear that anything said here is strictly my opinion. I have not officially worked with the developer since June of 2010, though our relationship has remained cordial.
Real Estate auctions are usually done for three reasons, 1) to establish a correct market value of a property, 2) To identify a large pool of buyers very quickly for the property, buyers who may buy units even after the process is complete, 3) To quickly sell as many units as possible at market value.
Often the marketing approach involves stating an “opening bid” that attracts tons of people to the property feeling that the auction is absolute and that this opening bid will involve the sale of units. This is often not the case, and I think it is very unlikely that any units will sell at the Fountains of Ocean Boulevard for the opening bid of $125,000. It is just an opening bid, and may not be a bid the seller will accept. The goal is simply to get two bidders, as that creates an auction.
Recently I attended an auction and bid on a property with an opening bid of $1000, with only two bidders myself being one of them the property was sold after auction for ten times the highest bid they received the day of the auction.
Please do not get me wrong, I do not think the auction process is a bad thing for the Fountains on Ocean Blvd., I just don’t think the units will be brought down to the prices that I see the marketing of the auction implying. There is a definite market value for the Fountains of Ocean Boulevard, and the units will sell accordingly. I have been a long time supporter of this condominium and if you’ve read my article about 2011 being the Last Year to buy a New Condominium in Fort Lauderdale, this marketing process is simply going to help move some additional inventory into the sold column.
As always Eric Miller and Associates is always here to help you with any questions about the Fountains on Ocean Boulevard or any Fort Lauderdale Condominium development. As the former sale manager of the Fountains on Ocean Boulevard, I am available to be your buyer’s agent, if you plan on pursuing a potential purchase of a condo at The Fountains on Ocean Boulevard. I am available to help make sure the condo at Fountains on Ocean Blvd. you purchase is the great deal you expect it to be.
Short Selling my Home | Common Questions
1) Can I Short Sell My Ft. Lauderdale area home if I am current on my mortgage but see a problem coming ?
The answer is resounding maybe. Depending on your situation and the presentation that you and your Fort Lauderdale realtor put together for the bank, it may be possible to do so. Seems like the lending institution may want to avoid your falling behind and cooperate based on your honesty. However some lending institutions will tell you straight out that they will not even discuss a short sale until you are 90 days late. This issue of becoming late on your payments is the first impact on your credit score, and this is often the point that seller have a tough decision to make.
2) Can a Fort Lauderdale investment property be sold or is this for primary residences only ?
Investment property can be short sold but the process is usually scrutinized a bit more. The bigger issue in short selling an investment property is that there may be tax ramifications on the forgiveness of the debt. It is important that you discuss this with your accountant as it treating differently than the debt forgiven on a primary residence.
3) Can I continue to rent my property out during the short sale process ?
Yes you can, but fair is fair, I usually suggest to my clients that this money be used to pay HOA, or Condos fees first and the balance put away to help settle the negotiation with the bank.
4) How long does a Short Sale take ?
This is the question of the day, we have heard of one week approvals, we have heard of one year approvals. There is actually a published report card of which lending institutions are the best and which are the worst. For a starting point you should count on at least 90 days. Ever want to know which lending institution is the worst, go to any search engine and type in " Worst Banks to do Short Say With", read the first three postings that will come up, it most likely will be a clean sweep.
Eric Miller is a Fort Lauderdale Real Estate Broker Associate with Keller Williams Realty Fort Lauderdale. He is a Certified Distressed Proerpty Expert and has sucessfully completed many short sales in the Broward County area. If you are looking at Homes for Sale in Fort Lauderdale, or need some advise on a short sale. Call the team at Eric Miller and Associates for all your needs in Fort Lauderdale Real Estate.
The answer is resounding maybe. Depending on your situation and the presentation that you and your Fort Lauderdale realtor put together for the bank, it may be possible to do so. Seems like the lending institution may want to avoid your falling behind and cooperate based on your honesty. However some lending institutions will tell you straight out that they will not even discuss a short sale until you are 90 days late. This issue of becoming late on your payments is the first impact on your credit score, and this is often the point that seller have a tough decision to make.
2) Can a Fort Lauderdale investment property be sold or is this for primary residences only ?
Investment property can be short sold but the process is usually scrutinized a bit more. The bigger issue in short selling an investment property is that there may be tax ramifications on the forgiveness of the debt. It is important that you discuss this with your accountant as it treating differently than the debt forgiven on a primary residence.
3) Can I continue to rent my property out during the short sale process ?
Yes you can, but fair is fair, I usually suggest to my clients that this money be used to pay HOA, or Condos fees first and the balance put away to help settle the negotiation with the bank.
4) How long does a Short Sale take ?
This is the question of the day, we have heard of one week approvals, we have heard of one year approvals. There is actually a published report card of which lending institutions are the best and which are the worst. For a starting point you should count on at least 90 days. Ever want to know which lending institution is the worst, go to any search engine and type in " Worst Banks to do Short Say With", read the first three postings that will come up, it most likely will be a clean sweep.
Eric Miller is a Fort Lauderdale Real Estate Broker Associate with Keller Williams Realty Fort Lauderdale. He is a Certified Distressed Proerpty Expert and has sucessfully completed many short sales in the Broward County area. If you are looking at Homes for Sale in Fort Lauderdale, or need some advise on a short sale. Call the team at Eric Miller and Associates for all your needs in Fort Lauderdale Real Estate.
Ft. Lauderdale Condo for Sale at The Tides at Bridgside Square
The Tides at Bridgside Square is one of the newer buildings in the Fort Lauderdale Beach area, and at todays prices is one of the biggest bargains in town. This unit is currently rented and is a great opportunity for a buyer who wishes to use the unit in the future and enter the market at todays bargain prices. This two bedroom unit is listed for $389,000.
Eric Miller owns a three bedroom unit, was on the original board of the building and is here to answer any of your questions about the Tides, Fort Lauerdale.
Fort Lauderdale Real Estate Market Update
Fort Lauerdale Realtors, Eric Miller and Associates at Keller William's Realty have been saying for many many months that its time to find the Fort Lauderdale Real Estate that fits your wish list and get it under contract. As Fort Lauderdale Realtors working in the market everyday we simply see a very real trend. The great Fort Lauderdale Rel Estate that comes on the market is selling quickly, and the garbage inventory inventory is sitting on the market until it gets priced accordingly. We sincerely hope our customers work with us and seek our advise when it comes to buying and selling Fort Lauderdale Real Estate, and are proud to announce that in the last two weeks we have closed on three properties in what most people are still saying is a slow Fort Lauderdale Real Estate. We are proud to bring you this Fort Lauderdale Real Estate market update.
Wilton Manors Real Estate, 2229 NE 9th Ave, which is a beautiful Belle Isle Townhome closed this past week for $307,600. At over 2000 sq. feet the sale represented a newer townhomes sale in the City of Wilton Manors at just over 150 per sq. foot of living space. The property also has a two gar garage and is just of Wilton Drive, the center of the enteratinment district of Wilton Manors. Wilton Manors Realtor, Eric Miller is proud to have represented the buyer of this forclosed one, and says this sale keeps with the real attitude of the entire area, we will solve the real estate issue with one great new neighbor at a time. The buyer was local and simply moved from Fort Lauderdale to Wilton Manors.
Oakland Park Real Estate this week saw the closing of 3951 NE 16th Terrace, a spectacular home featuring tranquil zen like garden on a canal in Coral Heights. Fort Lauderdale Real Estate has been compared these days to a beauty contest where to need to comptete in numerous events. This home was prcied right, showed beautifully and simply was one of the best homes on the market for the money in Coral Heights. We are very propud to have repreented the buyers of this great home. The buyers of this home are from upsate New York and at Eric Miller and Associates we always love to welcome new friend so the Fort Lauderdale Area.
To make for a perfect week, we are also pleased to welcome friends from Oakland Park to their new Fort Lauderdale Waterfront Home at 701 NE 17th Court. When it comes to a large yard, with a beautiful water view at an incredible price this home could not be beat. It was great to see our clients immediately digging in to make this Fort Lauderdale Waterfront Home their own. As Fort Lauderdale Realtors, Eric Miller and Associates are proud of the realtionships they have built with clients over the years but nothing makes them happeir when they are confident that thier cleints have bought well in this real estate market.
Fort Lauderdale, Wilton Manors, Oakland Park for all your real estate needs contact the team that you know has the area covered, Eric Miller and Associates at Keller Williams Fort Lauderdale.
Wilton Manors Real Estate, 2229 NE 9th Ave, which is a beautiful Belle Isle Townhome closed this past week for $307,600. At over 2000 sq. feet the sale represented a newer townhomes sale in the City of Wilton Manors at just over 150 per sq. foot of living space. The property also has a two gar garage and is just of Wilton Drive, the center of the enteratinment district of Wilton Manors. Wilton Manors Realtor, Eric Miller is proud to have represented the buyer of this forclosed one, and says this sale keeps with the real attitude of the entire area, we will solve the real estate issue with one great new neighbor at a time. The buyer was local and simply moved from Fort Lauderdale to Wilton Manors.
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| Wilton Manors Townhome |
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| Coral Heights Beauty |
Fort Lauderdale, Wilton Manors, Oakland Park for all your real estate needs contact the team that you know has the area covered, Eric Miller and Associates at Keller Williams Fort Lauderdale.
Fort Lauderdale Condominium Monthly Maintenance
Fort Lauderdale Real Estate interest is clearly up. With over 30,000 page views during the month of October, and over 26,000 reported through November 28th it is clear that our website is seeing the same thing that was recently reported by Zillow, and that is that there is huge interest in Fort Lauderdale Real Estate, at these new lower prices. These have been two record traffic months for a site that is almost 10 years old in Fort Lauderdale Real Estate.
One request that appears to come up very often when people are looking to purchase a Fort Lauderdale Condominium is simply, "Find me a Fort Lauderdale Condominium with low maintenance"! This is very often the first thing some people request. Unfortunately the old adage, "You get what you pay for" sincerely applies.
A well run building is certainly something that should be high on your priority list, but inexpensive maintenance may not be the best measure of good value.
Some things to think about when it comes to maintenance.
1) Almost 30% of monthly maintenance charges go to pay for insurances.
2) Well run buildings often fund reserve funds based on a Fannie Mae Guidelines of 10% of the operating budget.
3) Buildings with very low maintenance charges may have a history of doing additional assessments for major repairs.
4) Here are two unique ones, 13 months, yes a condominium whose maintenance initially appears a bit low until you realize that they collect the fee 13 times per year. A separate insurance bill, yes the monthly fee does not include insurance that 30% we spoke about comes once a year in a separate bill.
When it comes to monthly maintenance a good rule of thumb is about 50 cents per square foot of living space per month. A building with many amenities can go above 70 cents per foot, and lesser ammenities can be a bit lower. Using this rule you will find that a building that is funding reserves and has few assessments will collect about $500 per month for a 1000 sq. foot apartment. This is just a guide to get you started. Judging a property soley on the monthly fees can be a mistake, a local realtor can help with a great deal of information and history. Additional information about Ft. Lauderadale Condominium ownership.
Want to get more information about a building that will have over $700,000 in their reserve fund before the end of the year, curious about a buidling that has just finished and completed a full renovation, Eric Miller and Associates are here to help with all your needs in Fort Lauderdale Real Estate.
One request that appears to come up very often when people are looking to purchase a Fort Lauderdale Condominium is simply, "Find me a Fort Lauderdale Condominium with low maintenance"! This is very often the first thing some people request. Unfortunately the old adage, "You get what you pay for" sincerely applies.
A well run building is certainly something that should be high on your priority list, but inexpensive maintenance may not be the best measure of good value.
Some things to think about when it comes to maintenance.
1) Almost 30% of monthly maintenance charges go to pay for insurances.
2) Well run buildings often fund reserve funds based on a Fannie Mae Guidelines of 10% of the operating budget.
3) Buildings with very low maintenance charges may have a history of doing additional assessments for major repairs.
4) Here are two unique ones, 13 months, yes a condominium whose maintenance initially appears a bit low until you realize that they collect the fee 13 times per year. A separate insurance bill, yes the monthly fee does not include insurance that 30% we spoke about comes once a year in a separate bill.
When it comes to monthly maintenance a good rule of thumb is about 50 cents per square foot of living space per month. A building with many amenities can go above 70 cents per foot, and lesser ammenities can be a bit lower. Using this rule you will find that a building that is funding reserves and has few assessments will collect about $500 per month for a 1000 sq. foot apartment. This is just a guide to get you started. Judging a property soley on the monthly fees can be a mistake, a local realtor can help with a great deal of information and history. Additional information about Ft. Lauderadale Condominium ownership.
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| Symphony Condominium Lobby Fort Lauderdale |
Want to get more information about a building that will have over $700,000 in their reserve fund before the end of the year, curious about a buidling that has just finished and completed a full renovation, Eric Miller and Associates are here to help with all your needs in Fort Lauderdale Real Estate.
KW - This Month in Real Estate November 2010
Fort Lauderdale Real Estate - from Fort Lauderdale Waterfront Homes to Condominiums, Eric Miller and Associates are here to help with all your needs in Fort Lauderdale Real Estate.
Fort Lauderdale at Night from Symphony Condominium
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| View of Downtown Fort Lauderdale from Symphony Condominium to view units for sale visit us at http://www.ftlrealestate.com/ |
Fort Lauderdale Real Estate Taxes
Recently Zillow reported that Fort Lauderdale is one of the most searched cities on their real estate website. To local Fort Lauderdale Realtors such as myself this was no surprise. Our local websites such as FTLRealEstate.com have seen traffic jump over the last few months as more and more people have started to realize that the bottom of the Fort Lauderdale Real Estate market may be nearby or may have past and its a great time to buy that Fort Lauderdale Waterfront Home or Condo.
Along with the this jump in traffic have come a great many Fort Lauderdale Real Estate questions. It is our job to answer these questions in person as we search together for the perfect home, but sometimes, certain questions come up so often that they deserve their own blog entry.
What are the taxes on this particular property ? What are the taxes on this condo ? How much do taxes cost ? Why don't you show taxes on your Fort Lauderdale Real Estate website ? Send me the taxes on this list of 25 properties, please.
No matter how the question is asked the answer is the same. Fort Lauderdale Real Estate Taxes today have nothing to do with the taxes you will be paying once you purcahse the property.
Real Estate Taxes in Florida are paid in arrears. At the end of the year we are paying the taxes for the year that just past. The reason this is important to know is that on closing day you will receiveve a credit for the time the seller has lived in the home, because at the end of the year you will be getting the entire bill.
The actual bill the following year will be based on what you paid for the home. The general rule of thumb is you can count on about 2% of the purchase price of the property as a good estimate going forward. This will apply to every property from Fort Lauderdale Condos, to Fort Lauderdale Waterfront Homes. Once you have found the home you want a visit to the Broward County Property Appraisers website at http://www.bcpa.net/ will provide you a great estimate, but the 2% rule will not change by much.
Now Eric Miller and Associates has answered the question, What can I expect in Fort Lauderdale Real Estate taxes ? We have a question for you, When are you going to start looking for that perfect Fort Lauderdale Home you have been dreaming of ? At Eric Miller and Associates website, Fort Lauderdale Real Estate, we are always here to help you start your search. Thinking of a Fort Lauderdale Waterfront Home, we can take you directly there, if its a Fort Lauderdale Condo, start here.
Have a Fort Lauderdale Real Estate question ? We are here to help !
Along with the this jump in traffic have come a great many Fort Lauderdale Real Estate questions. It is our job to answer these questions in person as we search together for the perfect home, but sometimes, certain questions come up so often that they deserve their own blog entry.
What are the taxes on this particular property ? What are the taxes on this condo ? How much do taxes cost ? Why don't you show taxes on your Fort Lauderdale Real Estate website ? Send me the taxes on this list of 25 properties, please.
No matter how the question is asked the answer is the same. Fort Lauderdale Real Estate Taxes today have nothing to do with the taxes you will be paying once you purcahse the property.
Real Estate Taxes in Florida are paid in arrears. At the end of the year we are paying the taxes for the year that just past. The reason this is important to know is that on closing day you will receiveve a credit for the time the seller has lived in the home, because at the end of the year you will be getting the entire bill.
The actual bill the following year will be based on what you paid for the home. The general rule of thumb is you can count on about 2% of the purchase price of the property as a good estimate going forward. This will apply to every property from Fort Lauderdale Condos, to Fort Lauderdale Waterfront Homes. Once you have found the home you want a visit to the Broward County Property Appraisers website at http://www.bcpa.net/ will provide you a great estimate, but the 2% rule will not change by much.
Now Eric Miller and Associates has answered the question, What can I expect in Fort Lauderdale Real Estate taxes ? We have a question for you, When are you going to start looking for that perfect Fort Lauderdale Home you have been dreaming of ? At Eric Miller and Associates website, Fort Lauderdale Real Estate, we are always here to help you start your search. Thinking of a Fort Lauderdale Waterfront Home, we can take you directly there, if its a Fort Lauderdale Condo, start here.
Have a Fort Lauderdale Real Estate question ? We are here to help !
Fort Lauderdale's Bank Atantic Found Guilty
A local Fort Lauderdale case that could have far reaching national ramifications was settled yesterday. A jury found that a local Fort Lauderdale Bank, Bank Atlantic and some top executives were liable for damages for misrepresenting the value of real-estate loans.
The case against Bank Atlantic Bancorp of Fort Lauderdale, Florida, is one of the first jury verdicts of this type and could lead to other plaintiffs going after banks for losses tied to real estate loan products they invested in.
It has been mentioned that the verdict could cost the bank in excess of 40 million dollars. Bank Atlantic has already seen its financial troubles with shares falling to 71 cents that traded earlier this year above $3.00
The suit argued that the bank's management underestimated and intentionally downplayed the risks of loans on Florida property. The verdict simply means that banks can now be held liable for their investors making a bad investment. The results of this type of action are very uncertain.
There is no shortage of news or legal cases mounting from the collapse of Fort Lauderdale Real Estate prices, however, from what we see on the ground real estate prices have certainly leveled at the bottom. If you have been thinking about Buying a Home or Condo in Fort Lauderdale, it’s a great time to start looking at Fort Lauderdale Real Estate.
The case against Bank Atlantic Bancorp of Fort Lauderdale, Florida, is one of the first jury verdicts of this type and could lead to other plaintiffs going after banks for losses tied to real estate loan products they invested in.
It has been mentioned that the verdict could cost the bank in excess of 40 million dollars. Bank Atlantic has already seen its financial troubles with shares falling to 71 cents that traded earlier this year above $3.00
The suit argued that the bank's management underestimated and intentionally downplayed the risks of loans on Florida property. The verdict simply means that banks can now be held liable for their investors making a bad investment. The results of this type of action are very uncertain.
There is no shortage of news or legal cases mounting from the collapse of Fort Lauderdale Real Estate prices, however, from what we see on the ground real estate prices have certainly leveled at the bottom. If you have been thinking about Buying a Home or Condo in Fort Lauderdale, it’s a great time to start looking at Fort Lauderdale Real Estate.
Fort Lauderdale Foreclosures - Market reaction to the Mess
"For every action there is an opposite and equal reaction", or something similar to that was once said, so when it came to the report that there were going to be freezes, in the processing of Fort Lauderdale foreclosures, we all needed to expect a market reaction.
The reaction we are seeing in the inventory of Fort Lauderdale Homes for Sale is not the one many of us expected. Three things have happened fairly quickly in reaction to this slowdown in Fort Laudedale foreclosure processing. The first is simple, less foreclosures are coming to market. The second, many of the foreclosures that are currently on the market have multiple offers and are not getting responses from the banks. This is causing the market to look like it has slowed ( it hasn't ). The third is long overdue, some banks are looking more willingly at the short sale option.
As the foreclosure process becomes more scrutinized the cost of the process goes through the roof. The time, the legal fees, the maintenance of the property all start to make the short sale process more appealing to the banks. For the homeowner facing foreclosure ( sooner or later ) the short process in an important option.
The one good thing that has come out of foreclosure mess is that more people may pursue a short sale option that may prevent a deficiency judgement down the road.
If you are thinking about selling your home by doing a short sale, Eric Miller and Assocaites at Keller Williams Realty are here to help, take a moment and look at what others have said about their experience, Eric Miller and Associates Testimonials.
The reaction we are seeing in the inventory of Fort Lauderdale Homes for Sale is not the one many of us expected. Three things have happened fairly quickly in reaction to this slowdown in Fort Laudedale foreclosure processing. The first is simple, less foreclosures are coming to market. The second, many of the foreclosures that are currently on the market have multiple offers and are not getting responses from the banks. This is causing the market to look like it has slowed ( it hasn't ). The third is long overdue, some banks are looking more willingly at the short sale option.
As the foreclosure process becomes more scrutinized the cost of the process goes through the roof. The time, the legal fees, the maintenance of the property all start to make the short sale process more appealing to the banks. For the homeowner facing foreclosure ( sooner or later ) the short process in an important option.
The one good thing that has come out of foreclosure mess is that more people may pursue a short sale option that may prevent a deficiency judgement down the road.
If you are thinking about selling your home by doing a short sale, Eric Miller and Assocaites at Keller Williams Realty are here to help, take a moment and look at what others have said about their experience, Eric Miller and Associates Testimonials.
Fort Lauderdale Real Estate - Vacation and Short Term Rentals
Fort Lauderdale Realtors often get the call from prospective Fort Lauderdale Real Estate buyers seeking a property that they can use occasionally and rent out to defer the cost. The Fort Lauderdale Real Estate market is a perfect market to own rental property because being it is the"city by the sea" you have demand for annual rentals, seasonal rentals, both furnished and unfurnished. The expectation is that a Fort Lauderdale Realtor rents out the property a few weekends a year you can just about pay for itself.
Unfortunately this is far from that simple. The first issue to be aware of is that most Fort Lauderdale condominium buildings have very strict limitations on the number of times per year, and the minimum length of stay for all tenants. The most common of these rules is no rentals shorter than 3 months, no more than twice per year, and often no rentals are allowed the first year of ownership. Fort Laudedale Real Estate buyers who decide to violate these rules quickly become enemies of the state, or in this case the condominium, and will face fines and possible legal action. Most Fort Lauderdale Realtors will not violate these individual condominium rules.
The reason for these rules are numerous. One of the more important reasons is the mortgage guideline that states if the number of investor owned units in the building becomes too high financing for individual mortgages will be unavailable. Certainly you want to buy in a builidng that approaches this issue responsibly. A second reason for these rules limiting rentals is wear and tear on the property. Every Fort Lauderdale Realtor can tell you a story of vacation renters who were here to have a great time and sometime that great time resulted in disturbing others or the damaging of property. Fort Lauderdale Condominium buildings are not hotels and are not set up to deal with these situations.
Another Broward County issue to be aware of is there is a toursit tax on all rentals less that 6 months and one day. This tax must be paid on all short term rentals. Your Fort Lauderdale Realtor can always provide you with details on this tax.
If you are planning to purchase a Fort Lauderdale condominium and defer the cost by renting it, plan on following the building guidelines and being a good condominium owner.
Two alternatives to think about if you are determined to generate cash flow with your Fort Lauderdale Real Estate investment. First, are condominium hotels which have dropped in value dramatically and now can provide you with a cash flow, and a realistic purchase price, most however must be cash purchases as the financing is limited. Your Fort Lauderdale Realtor will always be will to discuss the Fort Lauderdale Condo Hotel inventory with you.
The second is a single family home vacation rental. In this case you will have to be very careful that you purchase a home in an area where the city allows these rentals to exists. It is becoming more and more limited and your Realtor can certainly help.
Looking to invest in Fort Lauderdale Real Estate, have a client who is thinking about a home in Fort Lauderdale, Eric Miller and Associates are always here to help with all your needs in Fort Lauderdale Real Estate.
Fort Lauderdale Condo Market - Update
Fort Lauderdale's Condominium Market has received a great deal of attention as a market that has suffered a quick painful death. However, for Realtors who work the market on a day to day basis that is not what they are seeing or feeling and simply the facts do not support the medias take.
Many Fort Lauderdale Realtors complain that each day there is less and less to show. They state that finding quality units at affordable price is getting harder and harder to do. So lets see what the facts say about condos in the price range of $200,000 - $699,999. We eliminated the lower price points in order to eliminate some of the over 55 communities, and condominiums where financing is not available, both these situations tend to skew the market, even though a majority of buyers are unable to purchase there.
In our sample inventory is down over 28% in the last year, the number of units sold is down over 24%, and the pending sales are down over 26%, lower inventory usually leads to lower sales initially. The cycle that follows however is that lower inventory leads to stabilized prices.
If we take this one step further to the next chart we may be able to see that lower inventory is leading to price stabilization. Using the same sample here is what we see for prices in the Fort Lauderdale Condo market.
What we see are stabilizing prices, leading to the next cycle for the Fort Laudererdale Condo market. If you have been thinking about buying a Fort Lauderdale Condominium its a great time to buy, while the one you have been dreaming about may still be available.
Many Fort Lauderdale Realtors complain that each day there is less and less to show. They state that finding quality units at affordable price is getting harder and harder to do. So lets see what the facts say about condos in the price range of $200,000 - $699,999. We eliminated the lower price points in order to eliminate some of the over 55 communities, and condominiums where financing is not available, both these situations tend to skew the market, even though a majority of buyers are unable to purchase there.
In our sample inventory is down over 28% in the last year, the number of units sold is down over 24%, and the pending sales are down over 26%, lower inventory usually leads to lower sales initially. The cycle that follows however is that lower inventory leads to stabilized prices.
If we take this one step further to the next chart we may be able to see that lower inventory is leading to price stabilization. Using the same sample here is what we see for prices in the Fort Lauderdale Condo market.
What we see are stabilizing prices, leading to the next cycle for the Fort Laudererdale Condo market. If you have been thinking about buying a Fort Lauderdale Condominium its a great time to buy, while the one you have been dreaming about may still be available.
Stopping Fort Lauderdale Foreclosures
Recently we have heard all over the news about a moratorium on Fort Lauderdale foreclosures because of an item referred to as “robo signing”: basically the signing of a document without reading it. The reaction to this moratorium on Fort Lauderdale foreclosures and the media feeding frenzy around it has been swift. Many people potentially facing foreclosure felt relief in the belief that they will be able to stay if their homes for a longer period of time than they had first believed as their Ft. Lauderdale foreclosure is delayed.
At Eric Miller and Associates we are saddened by the level of people in the Fort Lauderdale Real Estate market we see in financial hardship and the possibility that they may face foreclosure. Never did we think in our real estate careers we would become so active as financial problem solvers and advocates on behalf of our Fort Lauderdale real estate clients. We certainly understand that some people feel a sense of relief from what has been portrayed in the media, as an extended delay.
Lost in the headline about the moratorium, however, were statements from the some banks that it would only take a few weeks to correct the processes and proceed as planned with these foreclosures. Many banks have already indicated how long the reviews would take and business as usual would proceed shortly.
The delay in Fort Lauderdale foreclosure processing is certainly warranted to assure that the banks do what is right. But if you are a Ft. Lauderdale area property owner facing a hard real estate situation it is not the time to be complacent as if the issue will just go away. It is the time to defend your foreclosure as you see fit, and if possible discuss alternatives to foreclosure with your real tor and or your attorney. If you are facing foreclosure and have not discussed the possibility of a short sale with a realtor, please feel free to email or call us with all your Fort Lauderdale Area Real Estate questions, as we are always here to help.
If you are seeking to purchase a Fort Lauderdale foreclosure, you can always find a link to a current list of area properties at Fort Lauderdale Real Estate.
At Eric Miller and Associates we are saddened by the level of people in the Fort Lauderdale Real Estate market we see in financial hardship and the possibility that they may face foreclosure. Never did we think in our real estate careers we would become so active as financial problem solvers and advocates on behalf of our Fort Lauderdale real estate clients. We certainly understand that some people feel a sense of relief from what has been portrayed in the media, as an extended delay.
Lost in the headline about the moratorium, however, were statements from the some banks that it would only take a few weeks to correct the processes and proceed as planned with these foreclosures. Many banks have already indicated how long the reviews would take and business as usual would proceed shortly.
The delay in Fort Lauderdale foreclosure processing is certainly warranted to assure that the banks do what is right. But if you are a Ft. Lauderdale area property owner facing a hard real estate situation it is not the time to be complacent as if the issue will just go away. It is the time to defend your foreclosure as you see fit, and if possible discuss alternatives to foreclosure with your real tor and or your attorney. If you are facing foreclosure and have not discussed the possibility of a short sale with a realtor, please feel free to email or call us with all your Fort Lauderdale Area Real Estate questions, as we are always here to help.
If you are seeking to purchase a Fort Lauderdale foreclosure, you can always find a link to a current list of area properties at Fort Lauderdale Real Estate.
Fort Lauderdale Real Estate media coverage as of late consistently speaks of something called the “ghost inventory”. They talk about a huge inventory of Ft. Lauderdale foreclosures and describe it as “ghost inventory”. The implication of the word ghost is that it is invisible. So if I am hearing this all correctly, as a buyer you may want to be fearful of a large inventory of Fort Lauderdale foreclosed properties coming to market that you can’t see yet, and this ghost, will hurt the Fort Lauderdale Real Market.
Buyers have no fear it’s a great time to buy in Fort Lauderdale and there is no invisible ghost, it’s actually very visible.
Buyers have no fear it’s a great time to buy in Fort Lauderdale and there is no invisible ghost, it’s actually very visible.
Fort Lauderdale Waterfront Homes for Sale
Fort Lauderdale Real Estate Waterfront Homes
What type of waterfront property are you looking for ?
If you speak to a real estate professional in the South Florida Real Estate market and say, "I am looking for a waterfront home", chances are it is going to lead to many more questions. Initially the agent will most likey think that you are talking about a home on a canal where you can leave a boat.
However it is important to talk first about the many different types of waterfront. At Eric Miller and Associates we can make your search easy by providing you direct access to all area waterfront homes, by visiting Fort Lauderdale Waterfront Homes.
Fort Lauderale Real Estate, consists of a broad assortment of waterfront offerings. From lakefront homes with water views, canal front homes with ocean access, canal front homes with fixed bridges, homes on the new river with ocean access, intracoastal front homes with ocean access, ocean front homes (very few and no place for a boat, usually), and homes that sit across from the ocean - all are considered Fort Lauderdale Waterfront Homes, but all come with an extremely different lifestyle and price point.
What type of waterfront property are you looking for ?
If you speak to a real estate professional in the South Florida Real Estate market and say, "I am looking for a waterfront home", chances are it is going to lead to many more questions. Initially the agent will most likey think that you are talking about a home on a canal where you can leave a boat.
However it is important to talk first about the many different types of waterfront. At Eric Miller and Associates we can make your search easy by providing you direct access to all area waterfront homes, by visiting Fort Lauderdale Waterfront Homes.
Fort Lauderale Real Estate, consists of a broad assortment of waterfront offerings. From lakefront homes with water views, canal front homes with ocean access, canal front homes with fixed bridges, homes on the new river with ocean access, intracoastal front homes with ocean access, ocean front homes (very few and no place for a boat, usually), and homes that sit across from the ocean - all are considered Fort Lauderdale Waterfront Homes, but all come with an extremely different lifestyle and price point.
Fort Lauderdale Real Estate - Commercial Space at the WaterGarden Condo
Fort Lauderale Real Estate
Fort Lauderdale Condominium - Commercial Space at the Watergarden Condo
Eric Miller and Associates of Keller Williams Real Estate in Fort Lauderale has listed for the sale the only commercial space at the Watergarden Garden Condominium. The commercial space is approximately 750 square feet with a loft like feel directly on the riverfront in downtown Fort Lauderdale. The space offers high ceilings, exposed duct work and a view of the New River. The owner of the space has access to all the Watergarden Condominium has to offer including valet parking for their guests, and two assigned parking spots for the space.
The Watergarden Condominium is very much like a residential five star resort. The building features concierge service, library, club room, theater, health club, heated pool, spa, a business center, billiards room , and 24 hour security.
The commercial office space is located at ground level with its own entrance at the south end of the Watergarden Condominium, Fort Lauderdale directly on New River Drive. It would make an excellent professional office space or retail establishment.
To be the first to see this great space, and for all your Fort Lauderale Real Estate needs call Eric Miller at (954) 383-8170.
Fort Lauderdale Condominium - Commercial Space at the Watergarden Condo
Eric Miller and Associates of Keller Williams Real Estate in Fort Lauderale has listed for the sale the only commercial space at the Watergarden Garden Condominium. The commercial space is approximately 750 square feet with a loft like feel directly on the riverfront in downtown Fort Lauderdale. The space offers high ceilings, exposed duct work and a view of the New River. The owner of the space has access to all the Watergarden Condominium has to offer including valet parking for their guests, and two assigned parking spots for the space.
The Watergarden Condominium is very much like a residential five star resort. The building features concierge service, library, club room, theater, health club, heated pool, spa, a business center, billiards room , and 24 hour security.
The commercial office space is located at ground level with its own entrance at the south end of the Watergarden Condominium, Fort Lauderdale directly on New River Drive. It would make an excellent professional office space or retail establishment.
To be the first to see this great space, and for all your Fort Lauderale Real Estate needs call Eric Miller at (954) 383-8170.
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