Foreclosures in South Florida Are Here For A While

According to RealtyTrac, foreclosure activity in South Florida will continue at high levels through 2010 and there will be a glut of inventory through 2013. In the current market, 60% of active buyers interested in distressed propertys and 40-50% of sales involve a foreclosure or shortsale.

Buying, Selling
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When is the Best Time to Sell Your Home?

I read a blog today that seems to defy the thought that Fall is not a great time to list your home for sale. Conventional wisdom says that once a new school year starts, the sale of single family homes slows significantly. Students are settled into school, parents into their work schedules, and holidays are […]

Buying, Selling
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When Looking At Comparables, Make Sure You Are Comparing Apples to Apples

I received a list of comparables from an agent that was making an offer on one of my commercial listings. The comps resulted in a significantly lower price than what the sellers were looking for and my knowledge of the market told me something was wrong with his research. I went through the table he […]

Buying, Commercial Real Estate, Selling
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Coral Gables Real Estate – Short Sales

There are currently 36 short sales, single family homes,  listed on the MLS in Coral Gables.  They range in price from $3.95 million to $250,000

Buying, Coral Gables, Neighborhood News, Selling
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Foreclosure Freeze Already Having an Effect on South Florida

The Miami Realtors Association is already seeing the effects of the current decision by several banks to put a moratorium on foreclosures.  In the past two weeks, 1,154 REOs have been cancelled, withdrawn, terminated or temporary taken off the market according to Southeast Florida Shared MLS Database.  In the two-week period immediately preceeding the announcement, […]

Buying, Foreclosures, Selling
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Foreclosure Freeze: Good For Distressed Owners, Bad for South Florida Real Estate Market

The recent decision by some banks to freeze their foreclosure process while they investigate their procedures for handling foreclosures has a mixed effect on South Florida’s real estate market.  While it may be a good thing for distressed owners who really want to keep their homes, it is probably not a great thing for current […]

Buying, Foreclosures, Investment Real Estate, Selling
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New Provisions of FAR/BAR "As Is" Residential Contract For Sale and Purchase

The new “AS IS” contract has changed to clarify areas that were vague in the previous contract.  These clarifications include, but are not limited to: An itemized list detailing the personal property that Buyer and Seller agree is to be included in the sale.  Note:  if there is a specific light fixture you want, to […]

Buying, Selling
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New Provisions of FAR/BAR “As Is” Residential Contract For Sale and Purchase

The new “AS IS” contract has changed to clarify areas that were vague in the previous contract.  These clarifications include, but are not limited to: An itemized list detailing the personal property that Buyer and Seller agree is to be included in the sale.  Note:  if there is a specific light fixture you want, to […]

Buying, Selling
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Housing in Miami, Florida vs Charlotte, North Carolina

Just heading back from Charlotte, North Carolina, where the real estate market is still really slow.  This 1993-built, 1472 square foot, 3 bedroom 2.5 bath, pool home in a neighborhood close to an amusement park, shopping and downtown is being offered at $164,900, which is  less than the the median home price in Miami-Dade, ($182,900 […]

Buying, Selling
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You Have Heard It, But Do You Believe It?

Now is the time to buy a home, really.  If you don’t believe me, read who is saying that buying a home now is a smart move.

Buying
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