Point of Americas - Great Short Sale Deal

Posted by Eric Miller on Wednesday, February 17th, 2010 at 8:40am.

Fort Lauderdale Real Estate | Point of AmericaOn 12/29/2009 a two bedroom unit closed at Point of America for $325,000, as a short sale which was in work since April of 2009.

This unit which had a tax value of almost $500,000 was a excellent deal. As I always say the best thing about the conclusion of a short sale sale or a foreclosure is once their gone their gone, and the single biggest force effecting the value of property in the area just disappeared.

Point of America is one of the single best locations in the Fort Lauderdale area. For those of you who have gone on a cruise you have passed the gleaming white towers, as the name would suggest, when you pass the point entering in to Port Everglades.

The views are spectacular and a huge renovation over the years proves these building to be excellently managed landmarks. The unit that sold was a 1513 square foot unit with two bedrooms two baths facing North.

It is a lower floor unit buy still had a great view of the beach. Today there are 18 units available between the two towers of Point of Americas and there is nothing even similar to this unit for under $500,000. If you are thinking of purchasing a short sale the two most important issues are an agent who understands the process, and patience, it will take time.

Eric Miller is a Certified Distressed Property Expert and here to help with all your real estate needs.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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