Fort Lauderdale Real Estate Deal Of The Week!

Fort Lauderdale Real Estate Deal Of The Week!

Hey Everybody..sorry this week’s DOW is so late. We took some time off for the holiday weekend and had so much fun that it became an extended break…but we’re back!

I’m beginning to think we’ve hit the sweet spot with our Fort Lauderdale Real Estate Deal Of The Week. Based upon the emails and calls we get, it’s become obvious what our readers want.

Everyone wants a newer home, near the beach, for a great price. The only problem is that some are disappointed when they find out what is really a great price in our market. thos ewho took the latest installment of the Carleton Sheets No Money Down Class are finding that they’re not in Kansas anymore!

Let me just reiterate it one more time. Fort Lauderdale Beach is far from the dust bowl and if you are looking for a deal you have to be savvy enough to recognize what is a deal. Right now we are beginning to see multiple offers on many properties and the beach area is STRONG! I mean really beginning to heat up. Strong buyers are coming in with cash and getting some serious deals.

We just had a client from Massachusetts that saw the condo of their dreams on the beach and realized how good of a deal they were getting and wrote an all cash offer for a unit they never really intended on buying. They were just going to take a look and wait a couple of months. But the deal was just too good to pass up.

We’re entering a market, at least on the beach side, where a deal is measured more on the value than on the immediate discount. We like to refer to it as recognizing the Real instead of looking for the Steal.

Face it, there are what…10,000 maybe 20,000 licensed real estate agents in South Florida. With maybe as many private investors as well. Do you think if there was a “steal” wherein you could waltz in and pick up a beach area property for 50 cents on the dollar that the general public would ever see it? Like I said, in this market you need to be savvy and recognize VALUE.

Ok now that the tire kickers and champagne taste / beer budget crowd have left the room, let’s talk about today’s offering for the Fort Lauderdale Real Estate Deal Of The Week.

We have another townhome gem to show you. During the boom times we had developers coming in and building these sweet European townhouse developments. They were springing up all over the place. Anywhere they could find the zoning and a piece of land they could acquire, they built townhouses. Some of these units were going for as much as $500,000 to over $1,000,000.00 in some instances. My have times changed.

The Villas Of Coral Heights was one such development. This home has many developer upgrades and a fenced back yard that is perfect for cooking out. The open living spaces are made for entertaining and enjoying the Fort Lauderdale lifestyle. This unit has a large master bath, huge walk-in closet in the master bedroom and is built like a brick #*!$house with hurricane resistant windows and poured concrete floors (great place for a hurricane party no doubt!) This complex has it all.

built in 2005 / 2006
less than a mile from the beach
great amenities
tri-level living
great east Fort Lauderdale location
large units
European styling
private area
resort-like swimming pools

Then of course, the bottom of the market fell out and we all know what happened next.

Now, you can have all the above at a fraction of what these units were previously selling for. Like I said above, you have to be somewhat savvy. you have to know that this is a deal on the surface.

You have to know that east Fort Lauderdale Beach area properties will only increase in value over time and most of all, you have to realize that if you are looking for a place to live in a prime location…that it just does not get any better than this for the pricepoint.

I think this week’s Deal of the Week will sell in a matter of days if not sooner! This one is a gem and based upon its location, asking price and current condition, I wouldn’t be surprised if it’s not gone by the end of the weekend. Seriously, that’s no sales hype. Take a look at this property and I’d love to hear from you. And if you want to make an offer, you may want to act right away!

So here are the particulars on this week’s DOW:

This property is offered at a great valuedÂ price of $249,000.00Â

1941 Coral Heights Blvd. Fort Lauderdale

Price	$249,000.00	Bedrooms:	3
Address:	1941 Coral Heights Blvd.	Bathrooms:	3.5
City:	Fort Lauderdale	Sq. Ft.:	1,900.00
State:	Florida	Annual Taxes:	$6,059.00
Zip Code:	33308	Year Built:	2005
County:	Broward	HOA Fees:	$350
Property Type:	Tri-Level Townhouse	Market Rent:	$2,500.00 - $3,500.00

As always, Barry Johnson from Real Estate Radio USA with us to give us his take on this property. Real Estate Radio USA is arguably the top rated real estate talk radio show so I think he knows a thing or two about what is a deal and what isn’t.

Hi Robin, and thanks for having me. Do the words “Slam Dunk” mean anything? I find myself just nodding when you send me these deals to review. Pretty much as you mention above, a savvy buyer can read what you wrote, drive by or do a Google Earth search to see the location and it’s pretty much a no-brainer at that point.

I would recommend an opening offer of $220,000.00 with 3% Seller concessions given to the Buyer for closing costs..but I wouldn’t mess around. You are absolutely right. We’re seeing multiple offer situations and the tire kickers will be left wondering what happened.

- Barry Johnson
Real Estate Radio USA

Well, you’ve heard what one area expert has to say about this home and what he thinks of the deal, if you’d like to know what I, as a real estate agent in the Fort Lauderdale real estate market thinks about this deal and my overall purchase strategy recommendation then please email me and I will send you information on what I would advise my clients to do regarding the viability of this deal.

There is no fee or cost associated with obtaining my recommendation. Or if you like what you see and would like to commence talks about buying this home, then click the red button below and let’s get things started!

If you have any questions about this property or any other property for sale in the metropolitan Fort Lauderdale area, please feel free to email me or give me a call at 954-709-7461.

MLS ListingÂ Â F1000842 information provided courtesy of REMAX Allstars.