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Home Selling in Fort Lauderdale : Real Estate Advice

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  • Home Buying497
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Activity 48
Tue Jan 8, 2013
Eileen Semprun answered:
I could help you with your sell, my name is Eileen Semprun from POL realty and my email adress is eisemprun@hotmail.com if you would like to contact me. Thank you.
0 votes 23 answers Share Flag
Fri Jul 20, 2012
allan erps,ABR,SFR answered:
Hello, Know in most cases that the Bank will not talk to you or negotiate until you are behind in payments for 3 or more months. Think you should consult a Real Estate Attorney or an Agent well versed in the Short Sale process and discuss all of your options. Good Luck Allan ... more
0 votes 19 answers Share Flag
Fri Jul 20, 2012
Patti Fortune answered:
Dear Caipirinha,
Short Sales can be complicated. Ideally if you can work out a new payment arrangement with your current lender and keep your home that would be ideal for your credit score. But there are times when people are upside down so far that they just can not justify hanging on.

If this is your primary home and you had paid your taxes by Dec. 30th of 2010, you may have been entitled to a tax deduction. For these types of reasons, you will want to discuss with your tax advisor.

In most cases I have run into, the homeowner just could not afford the rising mortgage payment or the taxes, so they let everything go. At about 3 missed payments the banks will start the forclosure proceedure. At this point if you can show the bank you have been activly trying to sell the home and you have a real offer with a qualified buyer, they may look at taking it in lieu of forclosing on you. (short sale) Please speak to a Lawyer about your obligations after the sale of your home. You may or may not still be obligated to pay the difference in the amount you owe vs what you sold it for. A Lawyer can look at your individual rights based on your situation and can protect your best interest. There are recently laws passed that might apply to you.

It is not expensive to get hepl with a short sale. A professional Realtor in your area can advise you.
Best Wishes to you and your family

Patti Fortune
Keating Associates
Naples FL
... more
0 votes 12 answers Share Flag
Thu Dec 27, 2012
Rana Kumar answered:
I know the feeling and have noticed the same several times. In my view the only way to stop is to use Supra lock boxes since their activity can be monitored by the listing agent. I discussed the same with a few REO agents and was told they have instructions from the asset manager to use combination locks instead of electronic lock boxes... go figure.

On a positive note, lately I have seen a few electronic lock boxes on REO listings... let's hope the trend continues.

PS: I also hate when i see buyer wandering around the REOs because their 'agent' gave the combination... completely unethical.
... more
0 votes 18 answers Share Flag
Wed Sep 5, 2012
Stefanie Cohen PA, ABR, SFR answered:
Kathy,
I would be glad to do a Market Analysis for you. This would give you a detailed look of what has recently sold, what is pending sale and what is currently on the market. I live in Cooper City and know the area extremely well.

I would need to know some details about your home in order to compare it to others. Please feel free to call or email me, and I would be glad to help you.

Best regards,
Stefanie Cohen
Prudential Florida Realty
954-547-9203
Scohen77@aol.com
... more
0 votes 9 answers Share Flag
Thu Nov 3, 2011
Alma Kee answered:
Probably...read the amendment to the condo docs and it probably clearly states that once a condo changes hands the new owner cannot rent it out for the first year.
0 votes 1 answer Share Flag
Mon Jun 3, 2013
Tobias Kaiser, Cips answered:
Hello,
I can understand your feelings very well; I think most of us (including I, and I’m a broker of 20 years) have been there at some point.

Your house is located in Plantation, judging from the zip code. If you haven’t done so yet, why don’t you contact a local Realtor and have him or her conduct a CMA (market analysis) for you? Then you will have a better idea about the value and your options (stay, rent, sell). Better to face the situation then wonder.

Plantation is right around the corner from my office, so if you'd like me to run a CMA for you, please don’t hesitate to email or call me.

All the best,

Tobias Kaiser, MS, CIPS
Greater Fort Lauderdale Real Estate Broker + Consultant
Certified International Property Specialist
Director, Realtors Commercial Alliance of Greater Fort Lauderdale
954.561.0066
... more
0 votes 6 answers Share Flag
Sat Mar 27, 2010
Gerard Dunn answered:
There is no "Usual" procedure in this game.

If everyone is telling the truth - it seems reasonable.

After waiting for 5 months - another week should be a cakewalk!

Good luck! ... more
0 votes 5 answers Share Flag
Sun Mar 14, 2010
Joan Braunschweiger answered:
You need to take care of the pet smell immediately. That is big turn off to buyers and many will simply turn around and walk out the door.
I'm not sure how bad the carpet it but maybe just try to have it professionally cleaned rather than spending money to change the carpet at this time. If there are hardwood floors underneath, then I would get rid of the carpeting altogether. ... more
0 votes 10 answers Share Flag
Mon Aug 31, 2009
Nancy Schmidt answered:
Dear Florida Home Buyer,
A Foreclosure or a Short Sale will stay on your credit report for seven years! But, I am told, after two years you can probably get a loan to buy a home. Be sure to get your credit score as high as possible by paying bills on time or ahead of time. My husband and I are going through the same thing right now. We had a short sale on our home a year ago. A short sale, so I'm told, only saves you about 40 points as compared to a foreclosure on your credit score. Back when we sold we were told the short sale would 'save' our credit but no such luck. It's still better to do the short sale than to lose your home to foreclosure. Good Luck!
Regards,
Nancy Schmidt
Real Estate Broker
EXIT Realty Towne Centre
Grants Pass, Oregon
... more
0 votes 0 Answers Share Flag
Tue Oct 16, 2012
Diane Loveridge answered:
Hello,

The first thing to do would be to talk to your lender, and ask them about their short sale requirements. Many lenders will not consider a short sale if you are current or even still making some payments. You will need paperwork such as bank statements and W-2s to prove a financial hardship that no longer allows you to make payments. Can you provide such information?

The next step, if you believe you are eligible for a short sale, is to contact a realtor with experience in short sales. They will help you determine the correct price at which to market your home, as well as suggestions on how to get it sold in the shortest possible time frame (keeping in mind that no short sale is ever quick).

I have experience in both selling and buying short sales. I would happy to speak with you about how I work and see if we have a good fit. Please contact me at your convenience.

Regards,
Diane Loveridge
Majestic Properties
(786) 210-3449
dloveridge@majesticproperties.com
... more
0 votes 6 answers Share Flag
Tue Mar 31, 2009
Angela Schrager answered:
Hi Thomas:

I think you could be referring to the Housing Opportunity and Mortgage Equity (HOME) Act, H.R. 230, which was introduced January of this year. This measure offers every credit-worthy American homeowner and homebuyer a refinanced mortgage with a 4 percent interest rate at a fixed 30-year term. It was introduced by Rep. Dennis Cardoza, a Democratic Congressman from California. You can track it's progress at http://www.washingtonwatch.com/bills/show/111_HR_230.html

There's a similar bill which is H.R. 1106. If you plug these into Google you should find out lots of information.

Hope this helps a little.

Best regards,

Angela in South Florida
... more
0 votes 3 answers Share Flag
Wed Feb 11, 2009
Dallas Texas answered:
Retain value in any market continue updating home trends on todays market example: hardwood flooring, granite counter tops, paint colors, updating lighting, fixtures, landscaping, exterior paint, shutters, Majority is inexpensive investment of updates last for years. GREAT QUESTION ... more
0 votes 4 answers Share Flag
Sat Feb 14, 2009
Marlene Howard answered:
Would your first choice be staying in your current house? If so you might want to first contact an assistance group such as (888) 995-HOPE - foreclosure prevention counseling before contacting your lender to determine whether or not you are eligible for loan modification. You should always check with your accountant and/or your attorney before signing any papers with the bank. Loan modification and eligibility are done through your lender.

When you say that you can break even on your house is that based on current sales? It is definitely a buyers market, that is not to say that prices may continue to drop, but you may be in a position to make a lateral move that would make sense for you. Keep in mind buying and selling do involve costs and you should take into account the transaction costs.

Warm regards,

Marlene Howard, ABR, e-PRO
Prudential Florida Realty
... more
0 votes 7 answers Share Flag
Thu Sep 20, 2012
John Bennett answered:
I use $25,000 as a ruff number. This would account for Screening as well. Some areas (like Heathrow Country estates) I use $50,000 due to the fact pools are larger with more whistles and bells.

John
... more
0 votes 16 answers Share Flag
Sun Nov 16, 2008
The Hagley Group answered:
Your home is security for the HELOC. They most likely will not allow this.
0 votes 3 answers Share Flag
Mon Nov 17, 2008
Shant Epremian answered:
Hi Dee,

Please do not hesitate to contact me or our team at 1-888-4-FLA-NOW or visit http://www.bestofbocahomes.com. I live nearby and work with foreign investors very frequently.
I look forward to speaking to you

Best regards!
... more
0 votes 4 answers Share Flag
Tue Nov 3, 2009
Carla & Marcia Rocha answered:
Hi Leeza,


Are you looking for renters on temporary corporate housing terms? You could list with a real estate professional and specify you would accept short term/corporate rentals. Exposure is the secret in real estate, so you should list with a company that is heavily represented in the market.

I would be happy to discuss it with you. If you have any more questions, please contact me at http://www.floridamoves.com/carla.rocha

Regards,
Carla Rocha
... more
0 votes 4 answers Share Flag
Tue Jan 15, 2013
Angela Schrager answered:
Hi Danny!

Based on the last six months' worth of closings, the average time on the market is 187 days. The median number of days is 127.

Hope this helps!

Angela
0 votes 3 answers Share Flag
Wed Jul 9, 2008
Carla & Marcia Rocha answered:
It depends on how much your house is worth right now. Chances are that if you bought it in 2005, you might not have enought equity to make money. Are you sure you can break even? Can't you get more money for the rental and not have to lay out as much on a monthly basis. You cannot generalize the market, each situation should be ananlized separately. If you wish, let me send you a CMA for the sale and rental of your property. ... more
0 votes 5 answers Share Flag
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