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Progresso Village : Real Estate Advice

  • All5
  • Local Info2
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 5
Wed Mar 27, 2013
Keith Jean-Pierre answered:
Depends on what the situation on the home is. If the house has multiple offers, I use an escalation clause (allows bidding to take place without always consulting buyer).

If there is only your offer, I would suggest do the comparable research VERY well. The market has completely changed in many places, and multiple offers in a few days is not unheard of. Good luck with your purchase. ... more
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Fri Jan 25, 2013
Tim Moore answered:
No, not really but it is a lot safer to have one draw up the correct deed and do the recording to make sure it is done correctly. In many states I, as a Broker, can close a sale but I never felt the need to do it. The lawyer fee is not that much and if you use a title company they get a lawyer to draw up a new deed. ... more
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Tue Jan 8, 2013
John Bourassa answered:
Renovations will surely increase values of properties but there are many factors that will affect increases in values after a renovation. Also, one must understand the expectation of those increases of values.
1- Best buy: Buying a property at the right low price and renovate it is the way to do it but the catch is to know which property to buy at the right price. That is an art. Most people think they can do it but they fail.
2- Neighborhoods. Not all neighborhoods hold the same value trends: For instance, properties on the east side of Federal Hwy can host eclectic properties (an old 1955 rancher house on a canal, completely redone, value in an average of $1.2 to $1.5 million next to a newly built 2 story mac-mansion valued at $3.5+ millions). But there are neighborhoods west of Federal Hwy where property values have to remain fairly consistent. There is no such a thing as a $300K house next to a $700K house.
3- Long-term investment: Now-a-day, we are seeing again many flip properties but those properties were bought by professional investors who, somehow, bought chunk of toxic assets directly from lenders at only a few cents on the dollar. Then, they have fluffed up those properties and turn-them around for a nice quick profit. But, for the very small investor (the "only one or two property owner") who want to buy a fixer upper and fix it, that's OK as long as the buyer is willing to live in the property for a few years and eventually sell it at a moderate to handsome profit.
Quality of improvements: People can do a Home Depot, do-it-yourself, low budget improvements in a house in Coral Ridge while a neighbor on the same street with a similar house may have hired professionals to improve the property from A to Z; that property can fetch $200K more than the other one. However, the Home Depot special guy is convinced (due to pride) that his improvements are just as nice as the neighbors and he will have the audacity to ask nearly the same price as the neighbor's, and house is not selling, even after reducing the price two or three times. HELLO!!! But that's human nature.
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Mon Dec 10, 2012
Lynne Knapp answered:
Hi Tanya James,

Per your question on Trulia > where can i find more information about progresso village, in fort lauderdale? is it a safe area?

Contact me 'Lynne Knapp' (954) 647-5335 Cellular, or email me the best number and time to call you to chat!

Lynne Knapp, Realtor
ReMax Consultants Realty 1
Ft Lauderdale FL
... more
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Thu Dec 6, 2012
Eileen Semprun answered:
Do you mean Village East Condo in Ft. Lauderdale? Please confirm. Thanks
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