Short Sale Success !

Villas of Harbor Isles Condominium, Dania Beach, Florida

 

Eric Miller and Associates of Keller Williams Realty Professioanls Fort Lauderdale is please to announce that they have closed and completed a short sale at Villas of Harbor Isles Condo. This short sale did involve the negotation of mortgages with two banks. The condominium association was paid completely, and the entire deal was a win-win for the seller, the buyer, the bank, and the community. The condominium which sold for $325,000 in 2005, sold as a short sale for $149,901. Short Sales like this are truely helping to stablize the Fort Lauderdale Real Estate market, as they serve to avoid the lenghty process of foreclosurer.

Eric Miller and Associates are here to help…

Federal Flood Insurance Update

As of Friday the House of Representative voted to overhaul the federal program which provides flood insurance to many owners of Fort Lauderdale Real Estate.  Over the last few weeks many buyers of area properties were unable to get flood insurance through the federal program and were limited to other often more expensive sources. The change in the program could result in higher premiums for high risk areas that have flooded before. The senate still needs to address the changes and even though buyers will be able to obtain insurance through the program shortly, once again the solution is temporary and will need to be funded again by the federal government.

Thinking about Ft. Lauderdale Real Estate, have a question ? We are…

The anatomy for a Fort Lauderdale Foreclosure.

Its Sunday Morning June 27th, the weather in Ft. Lauderdale is warm and all is calm in the Fort Lauderdale Real Estate Market. As ususal I am on my computer very early trying to be just a little bit a head of my competitors as I investigate the activities of the night before. Was it all quiet in the Ft. Lauderale Condo market, or did something happen that needed my immediate attention. To be on top of this ever changing market you need to have your game face on every day.

And there it was, MLS listing F1080316 . listed by a Florida Real Estate office. The newest listing on the Fort Lauderale MLS.  I had never heard of the company with the lisitng, and their web site took me  to a Chicago Real Estate office…

As I continue to expand and provide the finest and most complete information for my customers and visitors, I am pleased to announce a new section of the website: Fort Lauderdale Real Estate Articles

To start this new section off, I've just posted a new article for your convenience:

Swimming the English Channel for a client and the Value of a Great Realtor

As the real estate market all over the country became to rumble, and turmoil set in a client of mine said some things to me that I remember to this day. Some were his own thoughts about my performance as a Fort Lauderdale Realtor, and others were thoughts of an older gentlemen that he had met in his Fort Lauderdale Real Estate travels. 

Read more of this Fort Lauderdale Real Estate article.

Ft. Lauderdale Statistics are Looking Good  

If you are thinking of looking for Homes for Sale in Ft. Lauderdale you may want to speak to a local expert with local numbers. 

Yesterday people who follow national real estate trends heard a number that housing starts had dropped 10% last month and reacted with gloom and doom.  I know that the housing starts number is a reflection of employment in the construction industry and we need employment to start growing. However, wouldn't it also make sense that for exsisting housing inventories  to shrink, housing resales to pick up, and prices to stablize, starts would have to drop. In the Fort Lauderdale Real Estate Market the housing starts number has never been a measure of the health of our market. With…

Short Sales in Fort Lauderdale - What buyers and sellers need to know - Patience is the Key !

We have all heard over and over again that "short sales don't work", "they never close", "banks don't approve them", and my personal favorite, "I'm going to lose the house anyway so why even try".

I can always seem to find a buyer of Fort Lauderale Real Estate willing to tell the story of the Ft. Lauderdale Short Sale he tried to buy that just did not happen. To all those people I can assure you of only two things, first, if you don't attempt a short sale it will never be approved. Secondly, short sales do take patience.

80% of the people losing their homes in the Fort Lauderdale Real Estate market never attempt a short sale. As of late banks have been moving…

Anyone who reads my blog posts knows that I have remained optomistic about the real estate market in South Floirda for many months. About 4 monhts back we started to see some trends in the FT. Lauderdale Real Estate market that indicated our market had bottomed out.

Notice I say trends because the timing of the real estate market, with every property and transacton being unique,  would be totally impossible. There is never going to be point where we can say definitely that a certain time and date represented the bottom of the Fort Lauderdale Real Estate market, no matter how hard the media tries.

Some things to ponder, sales of both Fort Lauderdale Condos and Fort Lauderdale Single Family homes rose last month by over 10%. For the same period the…

Over the last few years the real estate market can be viewed as the perfect storm. Bad loans started to surface, too many sellers became landlords and investors assuming the market could only go up, and the economy tanked, these and numerous other occurrences, not to forget 9/11 simply changed the world as we knew it and along with it our real estate markets.

No real estate was excluded from this price correction. Sorry even you had the most special kitchen cabinets in the world chances are your home went down in value as well.

However, as we enter a new Fort Lauderdale real estate market and a more balanced one, where buyers don't out number sellers 100 to 1, I sincerely believe many of the rules of this normal market are returning. You all remember…

Talk all over the media about real estate at the bottom, as if a line has been drawn in the sand and all areas of our country are the same. I find this amazing. If they were all capable of making perfect timing decisions they all would have bought Microsoft stock 30 years ago, and been long retired, very wealthy. Lets just all accept that marking the bottom of this market is impossible, but properties are being sold for less than would cost to build, simply this is a trend that can't, and won't continue. The best inventory has been selling away for months, the crap is sitting, and sooner or later the best properties at these amazing prices, will simply be gone. If your thinking of buying let me be the first to say welcome to Fort Lauderdale, and with good…

Here we go again, a new real estate cycle visable on every corner that will lead us to the next cycle. Who said the next cycle of dropping real estate prices had to be rising real estate prices. All over Fort Lauderdale rental housing is being built, weve been down this road  before. When sales fall off, people start renting, rents go up, and builders build new rentals, when sales start to rise they convert them to condos and sell out, and we get to start all over. How long the cycle lasts is never perfectly clear unless you're watching the news, as they all seem to have the answer. But one fact is clear major real estate developers still believe in the Fort Lauderdale area, they are building rentals all over town, to service the people still moving here…