Short Sale vs Foreclosure

May 25, 2011 By Leave a Comment

 

 

Short Sale vs Foreclosure

Buying a short sale has its pros and cons, and so does buying a foreclosure. Not knowing the short sale process and how it affects you as a buyer, OR not understanding the way foreclosures are sold can lead to lost time, money, and headache. Take a moment to familiarize yourself with the processes for each, or suffer the consequences!

Which one is a better buy for today’s home buyers?   Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, Foreclosures, Short Sales Tagged With: , , , , , , , , , , , , , , , ,

Looking for a Cooper City Realtor/Short sale specialist?

May 14, 2011 By

Looking for a Cooper City Realtor to help you Sell your home, or need a Short Sale Specialist in Cooper City?

Look no further…

 

Selling a property in this current market takes and effective marketing strategy that WORKS! You need to know how to position a home on market, and understand current market trends, which is what I offer my clients! Offering services like a Strategic Home Audit and explaining how “True Days on Market” will effect the time frame and price that your property sells for. These are just a few key things that I use to help my clients maximize the money they get from their home, and rarely offered by other Cooper City Realtors in the area!…

   Read more...

Filed Under: Common Real Estate FAQs, Seller Resources Tagged With: , , , , , , , , , , , , ,

Looking for a Coconut Creek Realtor/Short sale specialist?

May 14, 2011 By

Looking for a Coconut Creek Realtor to help you Sell your home, or need a Short Sale Specialist in Coconut Creek?

Look no further…

 

Selling a property in this current market takes and effective marketing strategy that WORKS! You need to know how to position a home on market, and understand current market trends, which is what I offer my clients! Offering services like a Strategic Home Audit and explaining how “True Days on Market” will effect the time frame and price that your property sells for. These are just a few key things that I use to help my clients maximize the money they get from their home, and rarely offered by other Coconut Creek Realtors in the area!…

   Read more...

Filed Under: Common Real Estate FAQs, Seller Resources Tagged With: , , , , , , , , , , , , ,

Short sale tax provisions end in 2012!

April 1, 2011 By Leave a Comment

 

 

 

If you’ve been on the fence about whether or not you will be doing a short sale then you NEED to read this!

 

 

 

If you’re not familiar the Mortgage Forgiveness Debt Relief Act (MFDRA) of 2007, it was passed by President Bush in December in an attempt to help homeowners who completed short sale transactions avoid a potentially hefty tax bill after the fact. It was one of the best pieces of legislation to help homeowners, in my opinion, and has helped many people significantly reduce any tax liability from a short sale.

How the MFDRA affects the homeowners today…  Read more...

Filed Under: Common Real Estate FAQs, Short Sales Tagged With: , , , , , , , , , , , , , ,

The Broward Home Stats for Feb 2011 are in!

March 14, 2011 By

The numbers are in for Broward county single family homes (not including condos or townhomes) that were sold in Feb 2011! There’s a few charts (below) I’ve attached so you can see the info for yourselves.

Keep in mind this is for ALL single family homes in Broward including short sales, foreclosures, & conventional sales (homeowner to buyer transactions).

 

A few things that stuck out to me are:

 

  • Average Days on Market for homes were about 104 days. (This number may vary greatly if you drill down to certain cities or price ranges)

   Read more...

  • About 44% of the homes sold are under $150K which is up from 36% in January 2011! Out of 919 total sales 405 were priced under $150K and 116 were between $150K and $200K. This does NOT include condos either!
Filed Under: Common Real Estate FAQs, News Tagged With: , , , , , , , ,

Dustin Miller-Coral Springs Realtor

March 8, 2011 By

Looking for a Coral Springs Realtor to help you Sell your home, or need a Short Sale Specialist in Coral Springs?

Look no further…

Selling a property in this current market takes and effective marketing strategy that WORKS! You need to know how to position a home on market, and understand current market trends, which is what I offer my clients! Offering services like a Strategic Home Audit and explaining how “True Days on Market” will effect the time frame and price that your property sells for. These are just a few key things that I use to help my clients maximize the money they get from their home, and rarely offered by other Coral Springs Realtors in the area!… 

…You might be one of the many folks that are unable to sell their property because their loan amount is greater than they can sell it for. As a result, I’ve helped dozens of homeowners work out resolutions with their lenders. Many times homeowners decide that selling the home by means of a short sale, and getting out of the debt, is the best solution for their problem. Each case is different and I encourage you to contact me to discuss your particular situation if you find yourself in this situation…

…Check out Testimonials from a few of my past clients and see what they though about working with me! If you are searching for Coral Springs Realtors then give me a CALL, EMAIL, or FILL OUT THE FORM below, and let’s see if working together will make sense for both of us…

CALL ME at (954) 907-4773 or email me by filing in the form at the bottom of the page…

P.S.- Thanks for taking the time to read this. If you just have a question or need a little advice fill out the form and I’ll get back to you ASAP…

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Filed Under: Common Real Estate FAQs, Seller Resources Tagged With: , , , , , , , , , , , , , , , , , , ,

2010 Broward single family home stats

January 13, 2011 By Leave a Comment

The Numbers Are In!…….

Check out the Stats for Single family homes in Broward county between Dec 2009 and Dec 2010. I have several Charts below you can see if you’re interested. Pretty interesting stuff (if you’re into this kind of information). A few of the key points I noticed were:

1) The number of properties that were “under contract” increased.

2) New inventory seemed to dwindle toward the end of 2010

3) The total number of homes for sale remained pretty much the same through the entire year (even in light of #2 above)

4) Home sales also slowed down toward the end of 2010 (December is typically slow).

5)The Average Days on Market for homes that sold/under contract was pretty stable throughout the year at approx 101 days on market. They did rise slightly at the end of the year. 

(Click to enlarge)  Read more...

Filed Under: Blog, Common Real Estate FAQs, News Tagged With: , , , , , , , , , , , , , ,

What is a Short sale?

November 7, 2010 By Leave a Comment

You’d be hiding under a rock if you haven’t heard a ton about short sales in the news and everywhere else you look. From the radio ads, bus stop benches, and warnings about scam artists taking advantage of people there is A LOT of misinformation out there. I figured I’d put this short article together to help people understand exactly what a short sale is and some of the very basic information about them. This basically “Short Sales 101″ information that some of you may already know, but others may need to know…

The term “short sale” in the Real Estate world basically means selling a home for less than the balance of the loan that a bank or lender is owed. There is nothing mystic about what a short sale is. Just owing more on a home than you are able to sell it for on the open market, and needing the bank’s approval for them to take a loss for the difference.  Read more...

Filed Under: Common Real Estate FAQs, Featured Posts Top, Seller Resources, Short Sales, Slider Tagged With: , , , , , , , , , , , , , ,

FL First time home buyer resources

May 19, 2010 By Leave a Comment

Find out what you need to know about various FL First Time Home Buyer programs and information you’ll need to take advantage of YOUR tax dollars!!

Like many first time home buyers in FL people are asking how they can get their hands on grant money or other types of government subsidies to help them buy a home. As a Realtor, my clients also ask me about these programs from time to time when they can qualify. I thought I’d answer some general questions about these programs and also point you to a few resources that might help you dig deeper.  Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs Tagged With: , , , , , , , , , , , , , , , , , ,

FHA Loan Guidelines

March 17, 2010 By Leave a Comment

If you have talked to anyone about getting a mortgage recently you’ve probably heard about FHA loans or “Government Backed” or “Government insured loans”. A common misconception is that these loans are only for very low income people who can’t get a traditional loan from a bank, or first time home buyers, but this is not the case….

Uncle Sam wants You… to qualify!

There are very broad criteria for FHA insured loans that just about many people can qualify for. This doesn’t mean everyone does though. For example, FHA loans have more liberal credit guidelines, unlike many other loan products, but there are still criteria that need to be met.
The Background of FHA Loans…  Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, FHA Loans Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,
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. Coral Shores Realty's Dustin Miller 6876 West Sample Road, Coral Springs, FL 33067-4283 (954) 907-4773 Realtors Coral Springs Locations Real Estate Directory