Found 58 blog entries about CondoHolic.
Look at the Numbers, and you will see that the Real Estate Market is still trending up...
This is good news for Buyers & Sellers...
The most IMPORTANT things to note:
- Properties on average are taking 47 days to sell...
- The # of sold properties is up by 20%...
This is a sign that both Buyers & Sellers are in the market.
If you have any questions about buying or selleing, please call, text or email us.
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Florida Home buyers
2017 Profile of Home Buyers and Sellers
Florida Report
Highlights
Characteristics of Home Buyers
First-time buyers in Floridamade up 34 percent of all home buyers, a decrease from last year’s 35
percent. In Florida, 22 percent were first-time buyers.
The typical buyer was 45 years old this year, and the median household income for 2016
rose again this year to $88,800. In Florida, buyers were 54 years old and have a median
income of $83,000.
Sixty-five percent of recent buyers in Florida were married couples, 18 percent were single females,
seven percent were single males, and eight percent were unmarried couples. In Florida,
68 percent were married couples, 14 percent were single females, nine percent were
single males, and eight percent were
Pet lovers rejoice, Fort Lauderdale is one of the most pet friendly cities in the US. There are pet friendly parks, beaches and other recreation areas throughout the city and surrounding areas.
Enjoy a dog-day afternoon in the sun with pet-friendly locales from dog parks and dog beaches to puppy boutiques and spas, to sidewalk cafes that welcome four legged visitors as well as those with two. Does your pet need freshening up? We have that covered too with friendly groomers. Of course, there are lots of pet-friendly hotels in the Fort Lauderdale area for you and your pets to stay.
16001 W. State Road 84, Sunrise
(954)
If you live in Fort Lauderdale. Pompano Beach, Hollywood, Deerfield Beach, or one of the other 20+ cities in Broward County, you know why you live in this area.
Foe everyone else, these are the main reasons to live in the Fort Lauderdale area:
If you want to search for foreclosures in Fort Lauderdale, Pompano Beach, or the other cities in Broward County, go to: https://www.condo.net/fort-lauderdale-broward-foreclosures.php
If you want to know just How many foreclosures there has been in Fort Lauderdale and Broward Couny, FL, you may be surprised.
These are the total number of foreclosures in the Broward County area over the last 15 years:
2004: 780
2005: 361
2006: 516
2007: 3,616
2008: 10,415
2009: 14,385
2010: 18,427
2011: 10,148
2012: 11,278
2013: 9,810
2014: 11,198
2015: 7,906
2016: 3,986
2017: 2,305
2018: 1,215
If you have questions about foreclosures and want to speak to someone in the County Government, the # to call is 954 831 5745.
Foreclosed properties are sold at
…By: Denise & Melissa Stewart
This is a question we are asked frequently: Can I rent out my Condo and keep the Homestead exemption on it?
Generally, the answer is no.
Section 196.061, Florida Statutes, says that rental of a dwelling previously claimed to be a homestead for tax purposes "shall constitute the abandonment of said dwelling as a homestead." If the rental begins after January 1 of a year (regardless of the shortness of the rental period) and there is a rental covering ANY part of the next consecutive year, that is an abandonment of the homestead under the law as of the second year. A seasonal rental (February-March) in two consecutive year would disqualify the property for homestead. Likewise, a one-time rental from December-February
…BY: Denise & Melissa Stewart
2018 Broward County TRIM Notices are going to be mailed soon to property owners
The Broward County Property Appraiser's Office mails the TRIM (proposed tax) Notices in mid-August each year. The proposed property tax notice will show your 2018 property assessment, exemptions and the proposed taxes along with dates and times for the various taxing authorities' public budget hearings. The TRIM Notice is your opportunity to review your property assessment and ensure you are receiving all the tax-saving exemptions you are entitled to. Our office's contact information will be listed on the newsletter enclosed with the TRIM Notice giving you the opportunity to contact us directly should you have any questions. The absolute
For the past 5 to 8 years, when an investor wants to finance a condo with low rate conventional financing, the condominium project was required to pass a rigorous FULL PROJECT REVIEW, or buy with cash. The greatest hurdle to passing the full review is that the project must have 10% of annual HOA Fee revenue in a reserve account on both the current year and proposed budget. Though the financials of South Florida condos are significantly stronger today, many still do not to meet this requirements, and fail the full project review. This means condo investors have largely been excluded from low interest rate conventional financing for almost a decade.
During this same period, those purchasing or refinancing a condo unit as an owner occupant (primary
…By: Denise & Melissa Stewart
There will always be Luxury Condos for sale in the Pompano Beach area, but now there seems to be an overage of Million Dollar condos for sale in Pompano Beach, Lauderdale by the Sea, Hillsboro beach and the Fort Lauderdale Beach areas.
Take Pompano Beach Luxury Condos for sale for example.
In the new Sabbia Beach condo, located at 730 N Ocean Blvd, Pompano Beach, FL there are several condos listed for sale. You can view them: Sabbia Beach Condos (View HERE) Sabbia Beach Club condos are first class luxury at affordable prices, and they are close to everything that Pompano Beach has to offer. The construction is scheduled to be completed soon, and some of the condos for sale are actually re-sales from buyers that have
…The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members, not only in the last three months, but over several years.
