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Archive for April, 2008

Broward County FL Real Estate For Sale- Market Report 1/2008-4/2008

Thursday, April 24th, 2008

Broward County FL Real Estate For Sale- Market Report 1/2008-4/2008

Inventory has increased dramatically during present market conditions,making the days on the market(DOM) figure grow.

There is about 2 years of inventory for single family homes and 3 years of inventory for Condo/Townhomes. The majority of these homes are either foreclosures…REO’s or are attempting to sell short.

Broward County FL Market Report-Neal Bloom Copyright 2008

 Homes For Sale-Broward County FL -through 4/2008 

  • 17,359 Single family homes
  • 22,817 Condo/Town-homes

 Pending Sales-Broward County FL -through 4/2008 

  • 1,234 Single family homes
  • 1,648 Condo/Town-homes

Closed Sales-Broward County FL- 1/2008-4/2008

  • 1,667 Single family homes
  • 1,921 Condo/Town-homes

This information is provided by the Southeast Florida Multiple Listing Service and is believed accurate but not warranted.

For more information please contact Neal The Real Deal Bloom-Realtor® /RE/MAX Premier Associates

 Remax Real Estate Weston Florida                                                                                        Weston Realtor(R) Neal Bloom-copyright 2007

2500 Weston Road ,Suite 103

Weston FL 33331

(954)608-5556

The Real Deal tells it Like it is in Real Estate-copyright © 2008-All rights reserved 

Page copy protected against web site content infringement by Copyscape

Weston FL Homes for sale Market Report 1/2008 - 4/2008-Weston Hills Country Club

Friday, April 18th, 2008

Weston FL Real Estate

Weston FL Homes-Weston Hills Country Club

2008 Market Report

1/2008 - 4/2008

 

Weston FL Homes for sale 2007 Market Report 1/2008 - 4/2008-Weston Hills Country Club-copyright 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weston FL Homes for sale as -April. 2008 -Weston Hills CC                                                                

  • 96 Homes-Weston FL-Weston Hills CC 

Weston FL Homes pending as of -April 2008-Weston Hills CC

  • 13 Homes-Weston FL-Weston Hills CC 

Weston FL Homes that have sold as of -Jan 2008- April 2008-Weston Hills CC

  • 20 Homes- Weston FL-Weston Hills CC

 

Other Weston FL Related Stories:

For more information please contact Neal The Real Deal Bloom-Realtor® /RE/MAX Premier Associates Remax Real Estate Weston Florida                                                                                        Weston Realtor(R) Neal Bloom-copyright 2007

2500 Weston Road ,Suite 103

Weston FL 33331

(954)608-5556

The Real Deal tells it Like it is in Real Estate-copyright © 2008-All rights reserved 

Page copy protected against web site content infringement by Copyscape               

New York City-Manhattan Apartments for rent- Live in NY City

Tuesday, April 15th, 2008

New York City-Manhattan Apartments for rent

It’s a great time to rent an apartment in New York City.

For the past 18 years Urban Apartments has been putting smiles on the faces of thousands of satisfied rental clients.

Working with some of the best landlords in New York City, our friendly and professional agents will provide you with exceptional service to help you find the right apartment to meet your needs.

Our services include apartment rentals on a six month to two year basis, with an inventory that includes everything from budget friendly buildings to full service, luxury doorman complexes.

Urban Apartments of New York is a duly licensed Real Estate Brokerage firm specializing in residential rentals in Manhattan.

If you are looking for New York City apartment for rentals… then I will be glad to assist you with all of your Real Estate needs.

See our >>> featured listings in New York City

For more information on this or any other New York City apartments for rent please contact:

Steve Jurrist-Realtor® Assoc.

Urban Apartments

Urban Apartments
150 West 28th st. suite 201-A
New York, NY 10001

Direct (917)304-4052

Fax (646) 638-4721

Contact us via email

 

Blame Your Realtor®….who else can you Blame?

Monday, April 14th, 2008

Blame Your Realtor®….who else can you Blame?

  • When the buyer gets a loan approval and then can’t close because their loan program is no longer available…..blame your Realtor®

  • When the mortgage broker lies to your buyer and the loan falls through at the last minute…blame your Realtor®

  • When the appraisal comes in lower than the agreed purchase price….blame your Realtor®

  • When the buyer complains that you only showed them 100 homes and they still don’t buy anything….blame your Realtor®

  • When the buyer closes on their new home and they find out that they paid the highest price in the neighborhood…blame your Realtor®

  • When the seller finds out that they sold their home for the lowest price…blame your Realtor®

  • When your home is messy…dirty and cluttered and they refuse to clean it up or pay for staging….blame your Realtor®

  • When your home is in need of major repairs but you refuse to make any of them….blame your Realtor®

  • When the inspector says you have $5,000 in repairs to make…blame your Realtor®

  • When you list your home too high and it has to be reduced 50 times and it still doesn’t sell…blame your Realtor®

  • When your Realtor® spends all their time advertising and getting you all the exposure you ask for and busts their butt trying so hard to sell your home….blame your Realtor®

  • When 6 months go by and nobody calls to see your home…blame your Realtor®

  • When the title company finds a cloud on your title and you can’t close…blame your Realtor®

  • When you buy a property with no money down and expect to sell it the next day and you have to go into foreclosure…blame your Realtor®

  • When the Real Estate market sucks…blame your Realtor®

  • When the market is great…blame your Realtor®

  • When your home doesn’t sell…blame your Realtor®

  • When your car doesn’t start in the morning and you’re late to work…blame your Realtor®

  • When you have an argument with your spouse and you get divorced…blame your Realtor®

  • When you lose all your money in Vegas…blame your Realtor®

  • When you wake up with a hangover from drinking too much…blame your Realtor®

  • When you get electrocuted because you didn’t turn the power off before you attached two wires together on your new ceiling fan…blame your Realtor®

  • When you order a $30 cowboy steak in an Italian restaurant and it’s all fat….blame your Realtor®

  • When you wake up in the morning expecting it to be sunny and it’s pouring out…blame your Realtor®

  • When you wake up and find one of those big red suckers(pimple) on your face…blame your Realtor®

Think about how many times you’ve blamed your Realtor® for something that was totally out of their control.

Who else can you blame…..your Realtor® of course!

For more information please contact Neal The Real Deal Bloom-CRS-Realtor® /Remax Hometown

 Remax Real Estate Weston Florida                                                                                        Weston Realtor(R) Neal Bloom-copyright 2007

2500 Weston Road ,Suite 103

Weston FL 33331

(954)608-5556

Neal Bloom-CRS copyright 2008

The Real Deal tells it Like it is in Real Estatecopyright © 2008-All rights reserved 

Page copy protected against web site content infringement by Copyscape

Consumers-Are you Flipping Homes or just Flipping out?

Monday, April 14th, 2008

I wrote the story Consumers…are you flipping houses or are you flipping hamburgers? on 8/22/07. The story was my opinion regarding the type of impact there was for people that were flipping properties. It when onto say that it can be a highly profitable venture or a very dangerous way to lose your shirt.

I remember back in the day between 2002-2006 when I would hear about consumers that were buying almost anything that had 4 walls. First we had all these condo conversions going up. I developer would come in and usually take an existing building and spend a few million in renovations. most of the buildings I saw were usually built in the 70’s and some of them went from rental buildings to putting the units up for sale. 

I had bought quite a few properties with my partners and we would either rent them out or renovate and sell them if need be. For example…. I bought a unit in a building that was originally going to be built from the ground up and was to be used as a rental building but then they made the announcement that they were selling the units so my interest grew. I was able to get in on the ground floor for this particular deal because I had sold a unit in one of the devolpers other buildings so when I showed up on a Sunday I walked into a makeshift office and bought a unit right off of a floor plan. We handed them 20% down at contract and waited about a year for it to be ready to close. We paid cash for it and after we closed….we carried it for about 3 months and sold it. We walked away with 80K. Not a bad deal huh? We had an idea where the market was going because we were constantly studying it. We weren’t pigs and sold it at a reasonable price instead of holding out for more. I knew that the day we became the owners that there were 55 others that just came on the market looking to do the same thing we were going to do and also knew that there would be plenty more so we decided to get out as quick as we could.

One of the biggest reasons that there are many properties in foreclosure is because the person who bought with the intention of never owning it longer than 30 days were blinded by certain issues that could arise if you don’t know what you are doing. Here is an example of what I call flipping a property correctly. By low and try to put as much cash down as you can so at least you’ll have some equity in the property.

Don’t assume that if you sign a purchase agreement to buy Real Estate $500K …that in a year from now when the construction or renovations are complete that the market will make the property be worth $250K more after you close. Try not to buy it with little or no money down.

Don’t assume that if you sell it for a little less than you were wishing for…. that you aren’t going to make a profit. “But Neal …if I bought it for 180K and sell it for 270K instead of 280K …I’m losing money!” 

You didn’t make the money yet so how would you know if you lost 10K? You didn’t lose anything…you just won’t make as much.

Don’t try to predict or be fooled into thinking about how much you will make a year in advance. Borrowing hard money with a fluctuation interest rate could kill you if you don’t have enough cash reserves to cover your carrying costs. Seasoning issues come into play as well..generally banks want 3-6 months for the loan to be seasoned. They have to justify why they are paying a premium in such a short time. We did manage to get on to close in 70 days which was pretty good. If you are lucky to get one at a foreclosure price or way under market value…. then you might have an easier time.

The approach we would take would be to add the possible costs in before we even make the decision to purchase. Now of course it’s impossible to predict how much in cash reserves you will need to carry the property…..but at least if you have a good plan….you can try to figure out a rough figure or forecast of how much you will need to cover the nut until you can turnover the property to the next person. Borrowing hard money can be a good way to have leverage…but you better know what you are doing. It can be a fun game if you play it conservatively. In a market like this I would say at least 2 years of reserves put aside might be a good figure to work with. “But Neal….I don’t have that kind of money to play with.” Then I would tell you not to buy until you have prepared properly or you could be risking your financial future.

I can’t tell you how many people I knew who jumped on that bandwagon and I would tell them to be careful. Some listened and some would just give me this stare and say “Neal…don’t worry about me…I know what I’m doing.” Now…some of those people have lost their properties and also lost the homes they lived in and have called me for help….well most of those people cannot be helped. They are upside down and can’t sell their properties because they owe more than it’s worth. Banks don’t seem to want to help investors if their only way out is to sell short. Most banks will only let you negotiate a short sale if it’s your primary residence or owner occupied.

There are still many good deals out there if you know where to look.Don’t rush into anything…there is plenty to go around. Don’t make the mistake that so many people made…buy property…but buy it with a plan. And most importantly “Don’t be flipping out!”

For more information please contact Neal The Real Deal Bloom-CRS-Realtor® /Remax Hometown

 Remax Real Estate Weston Florida                                                                                        Weston Realtor(R) Neal Bloom-copyright 2007

2500 Weston Road ,Suite 103

Weston FL 33331

(954)608-5556

Neal Bloom-CRS copyright 2008

The Real Deal tells it Like it is in Real Estatecopyright © 2008-All rights reserved 

Page copy protected against web site content infringement by Copyscape

Century Village-Deerfield Beach FL-Condo’s For Sale

Monday, April 14th, 2008

Neal Bloom | Remax | (954)608-5556
4055 E. Harwood, Deerfield Beach, FL
2 Bdrm Condo

offered at $249,000

Year Built 1980
Sq Footage 1,500
Bedrooms 2
Bathrooms 2 full, 0 partial
Floors 4
Parking Unspecified
Lot Size Unspecified
HOA/Maint $423 per month

DESCRIPTION


LARGEST RARE EXECUTIVE MODEL 2 BR 2 BTH UNIT IN HARWOOD WITH LARGE LAKEFRONT VIEW,MOVE IN CONDITION,LOCATED ON THE 4TH FLOOR AND READY FOR OFFERS…
see additional photos below
PROPERTY FEATURES


Central A/C Central heat Walk-in closet
Tile floor Family room Living room
Dining room Dishwasher Refrigerator
Stove/Oven Microwave Laundry area - inside
Swimming pool
COMMUNITY FEATURES

Guest parking Clubhouse Laundry on-site
Fitness center Swimming pool(s) Tennis court(s)
Golf course Lake Gated property
Secured entry Elevator Wheelchair access
ADDITIONAL PHOTOS

Seller contact info:
Neal Bloom
Remax
(954)608-5556
For sale by agent/broker
Equal Opportunity Housing
Posted: Apr 5, 2008, 11:57am PDT