Introducing The Fort Lauderdale Real Estate Buyer’s Concierge Service
February 28, 2010
We’re introducing a new service that caters to our serious buyers. Our Real Estate Concierge service will allow you to have the properties that you want to see, delivered directly to your email inbox. Check out the video for more information.
Fort Lauderdale Condominiums For Sale!
November 12, 2009
Great deals exist on Fort Lauderdale Condominiums. Oceanfront luxury to downtown hi-rise units, I can show you a big selection of condos for sale.
If you are looking to purchase a luxury Fort Lauderdale condominium, now is a great time to do so. I know, that sounds like a sales pitch or something you’d be likely to hear on some national Realtor commercial. (I hate those cheesy commercials) The fact of the matter is this. There are only so many oceanfront complexes in all of South Florida and what we are now seeing is that those who were waiting for the market to stabilize are now seeing unheard of prices for some of the most luxurious condos that you can imagine.
One thing you have to be careful of when buying Fort Lauderdale condos is the financial condition of the HOA. Some complexes have been hit so bad by foreclosures that many HOA’s are on life support or worse. Many complexes are not financeable due to liens and the high level of foreclosures.
I can tell you that if you are looking at one of the oceanfront communities on or adjacent to Fort Lauderdale Beach that you will not have this problem. We’re seeing most of our buyers coming in from out of the area and many are paying cash. The Fort Lauderdale condominium market seems to be somewhat economically resistant. That’s the luxury beach front complexes for the most part.
Sure, there are some complexes experiencing trouble, but I can show you the financially stable ones and guide you through the maze of disclosures that you will need to obtain this information when you are performing your due diligence.
When you’re ready to look at a Fort Lauderdale condominium, give me a call at 954-709-7461 or drop me an email.
It Definitely Is A Buyer’s Market In The Fort Lauderdale Area
April 27, 2009
Yes, it’s a Buyer’s Market down here in Fort Lauderdale. Looking for a new home or an investment property, check out this video for more information.
I’d love to show you some of the amazing homes and investment properties on the market right now.
I recorded this short video over the weekend. It’s really informative and it explains why we are so enthusiastic about the state of the real estate market here in the Greater Fort Lauderdale area.
We have been telling all of our clients that this is the best real estate market ever and I think this video will help explain why we feel that way.
I hope you find it both entertaining and informative. I have to say that I am really enjoying the video making we are doing here at the Fort Lauderdale Real Estate Blog. I like it and my team is enjoying the videomaking process as well. So please take a moment as I explain how the Fort Lauderdale real estate market is really great for buyers!
Transcript of video to follow: Hey it’s Robin and I was just talking to a few clients about the Fort Lauderdale real estate market.They had read one of my stories on the blog where I said that this was the best real estate market ever and they wanted to know why I felt that way.Well..long story short, this is when you have the most opportunity to create wealth in real estate.
Contrary to popular opinion the boom times are not the times for buyers to make out. Seller’s made out like bandits but not buyers.
You see those sellers only capitalized because of rapid appreciation. Something we really hadn’t seen before, that was unsustainable, and may never see again.
Real wealth is made by buying smart. Being a buyer when sellers are desperate is a great position to be in.
John D. Rockefeller once said that the “time to buy is when blood is running in the streets”. Well here in South florida the streets in many areas are bright red and there is tremendous financial opportunity.
I just ran some numbers and over 60% of homes sold in South Florida are foreclosures. Let’s take a look at those numbers.
To get a good picture on how great of a market this is for buyers let’s look at a few snapshots of data.
First we’ll do a two year quarterly comparison of sales. As our basis point we are going to look at the first quarter of 2008 and the first quarter of this year which is the months of January, February and March. We’ll compare the numbers from the first quarter of this year with the first quarter of last year.
Now let’s look at the absorption rate in the area. The absorption rate is how long it will take to sell, or absorb all of the homes on the market, given the current inventory levels and current rate of sale.
A “normal” real estate market usually has an absorption rate of 6 months and neither the Seller nor the Buyer is thought to have the advantage. A Seller’s market usually has an absorption rate of less than 6 months, and a Buyer’s market normally is thought to have an absorption rate of more than 6 months.
The 6 month number in this definition means it would take about 6 months to sell the entire amount of available inventory in the market if this were a so-called normal real estate market.
To put things in perspective, currently in the Single family home market in the Metropolitan Fort Lauderdale area, the absorption rate exceeds 22 this confirms and underscores the fact that we are in a Buyer’s market right now and will remain in a Buyer’s market for the foreseeable future.
I think you’d have to agree…That was some pretty compelling data. So what do all of these numbers really mean? Well this data tells us that we are in undoubtedly a Buyer’s market, but more importantly we are in a Buyer’s market that will be sustained for a good deal longer.
More foreclosures are on the way and with more foreclosures comes more inventory. There are over 8,000 homes slated to be auctioned off at the Broward County courthouse over the next 90 days and that means a deluge of additional inventory is on the way. As inventory increases the immutable laws of supply and demand influence the marketplace.
We are going to see a continued trend in the market wherein the predominance of sales will be foreclosures and distressed properties.
This information is great for Buyers because there is less emotion and attachment to properties when they are being liquidated.
All of this presents quite the dilemma for the real estate industry in this area. You see, you have a market that requires agents to be skilled liquidators and knowledgeable about foreclosures and short sales and a large number of agents who have no idea as to how to make their way in this niche.
If you are looking to take advantage of the wealth of opportunities in this market, please feel free to call me or email me. My team specializes in foreclosures and short sales and we love the challenge that this market provides.
Give me a call and let’s liquidate some property and find you that perfect home to live in or investment property at a great price!
Thanks for watching and I’ll talk to you soon!
What Is A Short Sale?
April 21, 2009
What Is A Short Sale? A Short Sale is a settlement with a bank to take less than what they’re owed to stop foreclosure and sell the property. Learn more.
While simply explained, the process is much more detailed. We’ll explain it to you so the you will have no problem understanding the Short Sale Process
Do you know how to do a Short Sale? Do you even know what a Short Sale is? Are you in foreclosure and need some advice about how a Short Sale may help you out of a bad situation? Well you are not alone.
I get dozens of emails and calls every week from homeowners who would just like the straight scoop on just what is a short sale. So I decided to record a brief video to help you understand the Short Sale Process. I hope that you find it useful and informative.
There are over a million real estate agents walking the planet and if you ask 10 of them what is a short sale and how do you successfully execute one you’d probably get 10 different answers. Then if you ask another question, that being, how many of them have actually successfully completed one you’d be very surprised.
Most real estate agents only found out about Short Sales in the last 18 months after they became the “in” thing in real estate. Then many agents found out that if they weren’t proficient that they actually can end up in trouble for their blunders and many simply do not have any desire to work in the Short Sale arena.
I’ve been doing Short Sales for a long time. Even BEFORE they became cool. In that time I have learned quite a bit and one of the biggest things that I learned was to surround myself with a good, competent and experienced team of professionals who work together to effect a successful experience for my clients.
Short Sales aren’t tough at all…if you know what you’re doing. We have a very specific system that we have implemented and have been using with great success.
Please take a moment and review the video below and find out for yourself how we approach the Short Sale Process.
If you are in foreclosure or know someone in foreclosure and you would like me to review your situation, I would be happy to take a look at your case and let you know if I feel that you qualify for a Short Sale. I specialize in foreclosures and Short Sales and I am very picky as to who I represent in a Short Sale case. I want to work with people who are committed to the Short Sale Process.
If you’d like to learn more about what is involved in a short sale or how to do a short sale then clicl on the banner below:
If you think that you are willing to do what it takes to participate in a successful Short Sale, please do not hesitate to email me or call me at 954-709-7461.
Florida Foreclosure Process
April 5, 2009
The Florida Foreclosure Process is administered through the State Court system. Watch the video to learn more as to how a bank forecloses on a home.
Florida is what’s known as a Judicial foreclosure state. What that means is that the bank or lender has to file a lawsuit to foreclose here in Florida. Believe it or not, some states don’t require a court administered foreclosure process.
Today, we kickoff the Fort Lauderdale Real Estate Blog Customer Video Series. We are going to try our hand at video.
Everyone knows that more and more people are tuning into video and in attempt to have you read less, but not having to compromise content and information, we are going to try and provide you with some very compelling video content about the Fort Lauderdale real estate market, Fort Lauderdale Fl homes and information on life here in South Florida.
We are not by any means experienced in video production so this is very much a learning process for us. It’s also a heckuva lot of fun doing new things and this is really interesting.
Today’s video deals with the Florida Foreclosure Process. We get tons of emails and calls from existing and prospective clients about the whole foreclosure machine. Many homeowners don’t have the money to spend on attorneys and as such often obtain really bad information. In fact, many real estate agents aren’t really aware of the mechanics of the foreclosure lawsuit.
Each state may vary in their foreclosure process. Here in Florida we are a judicial foreclosure state meaning the bank must file a lawsuit to be able to take back the property.
While I am not an attorney, I have extensive experience in dealing with foreclosures. It is best that you seek advice from competent legal counsel. If you need assistance, we have attorneys that work on our team that will provide you with additional information and inform you of your options without you having to incur any upfront costs, expenses or fees.
As the foreclosure tsunami continues its pounding on the economy, I feel that it’s only prudent that homeowners in distress have somewhere they can turn to get some early advice on their situation. So this video was made with that in mind.
Please take a moment to view the video and if you have any questions please feel free to email me or call me at 954-709-7461 and it would be my pleasure to be of assistance to you.
filed under: Florida Foreclosure Process, Fort Lauderdale real estate market, Fort Lauderdale Fl homes
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