I have a few houses in Lauderdale Manors. What do you see as a market trend for this area?

Asked by small-investor, Fort Lauderdale, FL Wed Jun 26, 2013

My houses are currently rented to section 8 tenants.

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Answers

10
Annett T. Bl…, Agent, Fort Lauderdale, FL
Thu Jun 27, 2013
Good morning small investor.

The listings inventory in Fort Lauderdale dropped by 30,2% which means it could be a great time to put your properties on the market if you are trying to achieve that.

In the 33311 zip codes area the median listing price is $103,510 with 165 listings being current on the market. Out of those homes on the market 24,8% are distressed sales.

You can get more market analyzes at http://www.fortlauderdalerealestatedeals.com/mimarket/zip/33311/ where you can see inside information on market trends in your area.

I hope it helps and if you have any question let me know.

Annett T. Block
Florida Connects Inc.
call/txt (954) 543-1794
2 votes
Chad Gray, Agent, Fort Lauderdale, FL
Mon Jul 1, 2013
small-investor,

As has been stated before, it is difficult to share a market trend about the area in which your rental property is located without knowing more specifics about the property. However, I can create a market snapshot for you about the area. Visit http://luxurylivingfortlauderdale.com/market-snapshot/, enter your information and I will send you a report about Lauderdale Manors, so you can:

1. Gauge how the market is trending

2. Find out what sold most recently and for how much

3. Understand how homes compete on price with other properties selling in the area

4. View homes for sale with photos to better assess the market conditions

Chad Gray PA, Realtor
Luxury Living Fort Lauderdale
(at Coldwell Banker Residential Real Estate)
754-300-6040

100% of clients rated our service as "EXCELLENT"!
http://luxurylivingfortlauderdale.com/what-clients-are-saying/

.
1 vote
Joe Roman, Agent, Fort Lauderdale, FL
Thu Jun 27, 2013
To whim it may concern;

If renting out to tenants has become a hassle, it's a great time to sell because of such low inventories. If you'd like more information concerning the value of any one of your properties, kindly call me @ 954-557-3416 to discuss.

Sincerely;

Joe Roman
ERA Herman Group Real Estate\
954-557-3416
josephwroman@gmai;l.com
1 vote
John Bourassa, , Fort Lauderdale, FL
Thu Jun 27, 2013
Small-Investor,

Be more specific. Answers depend on what you are trying to achieve. Right now, you are renting out to Section 8 tenants. Well, the rent is steady. That's a good thing but what is your net return on your investment? If you are netting out more than 35% per year, stay with it. But if your intention is to sell them for a quick buck now because of the latest rise of the market, I am not sure that Section 8 properties are affected with great value increases as do affluent neighborhoods.

I think you need to consult a professional investment advisor or your accountant to discuss your investment goals.
1 vote
Jacques Wurms, Agent, Plantation, FL
Fri Jan 24, 2014
Hello Small Investor,

Please follow the below link for up to date market info for Lauderdale Manors

http://www.buysellhomesinbroward.com/mimarket/zip/33311/

Please feel free to call me with any questions PH: 954-383-0090
0 votes
Paul Slutsky, Agent, Wilton Manors, FL
Thu Aug 29, 2013
Market conditions are picking up everywhere, Lauderdale Manors is no different. Presently there are over 20 properties under contract and due to close in Lauderdale Manors and 52 properties for sale.I personally have listed and sold homes in Lauderdale Manors that were Section 8 and would be happy to help you with your sale or purchase should you decide its something you would like to pursue.
Paul Slutsky
Castelli Real Estate
0 votes
Meir Aloni, Agent, Plantation, FL
Thu Aug 29, 2013
It is good to be the king (seller) nowadays:)

****Did you like this post? If so, please click Green thumb. Thank you!
With enthusiasm,

Meir Aloni & Team

CRS (Certified Residential Specialist)

CDPE (Certified Distressed Property Expert)

RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986!
0 votes
Paul Slutsky, Agent, Wilton Manors, FL
Mon Jul 1, 2013
The trend for the Fort Lauderdale has only been going up. Properties don't stay on the market. The problem we have is there aren't enough homes on the market to be sold. You can verify this by the article I shared the link to below which appeared in the Sun Sentinel.

http://www.sun-sentinel.com/sfl-homespot-fortlauderdale,0,44…

If youre looking to invest I would love to show help you find what youre looking for. Ive sold in Lauderdale Manors in the past as well as all over Broward. Please contact me and I will be happy to share with you any other information I have.
Im also short sale certified!
Paul Slutsky
Castelli Real Estate
954-8330
paul@castellihomes.com
http://www.paulslutsky.com
0 votes
Mark Watters…, Agent, Fort Lauderdale, FL
Thu Jun 27, 2013
Hello & thank you for your inquiry. The area you mention is not in my market area. I am therefore unqualified to give you an accurate answer to your question.

Sincerely,

Mark Watterson
Keyes Company
0 votes
Maria Sabio, Agent, Fort Lauderdale, FL
Thu Jun 27, 2013
hi,

As John Bourassa stated. We need more specifics but more importantly you need to speak to an agent and get a CMA or a property analysis.

Call an agent and set up a meeting.

Thanks,
Maria Sabio
Chane Realty Inc
954-336-5156
0 votes
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