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2010 Broward single family home stats

January 13, 2011 By dustin 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: 2010, Broward, broward county, broward county fl, broward property, helpful resources, helpful tools, home buyer education, home stats, homes for sale, inventory, Properties, real estate broker broward, Short Sales, single family

Loan Modification/ Short Sale info for Top Lenders

July 14, 2010 By dustin

Here’s a list of Top Lender’s websites where their Loan Modification and/or short sale information and forms can be filled in or downloaded. If you don’t see your lender here email or call me and I’ll be glad to help you find what you need. Please also keep in mind that some lenders don’t have company specific forms and generic forms can be used. Contact me and I could also supply those if you need…

Wells Fargo- Payment Help, Phone (800) 678-7986

Wachovia- Loan Assistance, Phone (866) 975-1814 or (866) 642-9405

Bank of America/Countrywide – Home owner Assistance, Phone (866) 880-1232

Chase/WAMU- Mortgage Help, Phone (866) 550-7505

Citi Mortgage- Home Help, Phone (866) 520-5499

Suntrust Mortgage- Home owner Help, (800) 443-1032 Read more...

Filed Under: Seller Resources, Short Sales Tagged With: american home mortgage, american home mortgage servicing, aurora loan services, bank of america, broward county, chase, coral springs short sale realtor, facing foreclosure, faq, Foreclosures, gmac, helpful tools, home help, lenders, litton loans, loan assistance, loan modification, loan modifications, onewest, owner assistance, retention team, selling a home, selling short sale, Short Sales, wachovia, wamu, wamu mortgage, wells fargo

FHA Loan Guidelines

March 17, 2010 By dustin 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: broward county, broward county fl, buying a foreclosed home, buying a foreclosed property, buying a home, buying foreclosures, coconut creek, Coconut creek short sale realtor, coral springs, coral springs short sale realtor, faq, FHA, fha insured loans, fha loan requirements, FHA Loans, first time home, first time home buyers, getting a mortgage, helpful tips, helpful tools, homes for sale, how to buy, loan products, loan program, upfront mortgage insurance

Buying Short sales vs. Bank Owned Properties (REOs)

March 12, 2010 By dustin Leave a Comment

With the majority of sales being Short Sales and Foreclosures in our current market I thought I’d explain a little about each one and some of the pros and cons.

There are upsides and downsides to each, for example:

Buying a Foreclosed home- (Bank owned, REO, etc)

When you are buying a foreclosure there are usually bank required addenda/contracts that will be utilized when buying which sometimes scare would be home buyers. They are not to be feared if you understand what is required of you, and the terms they contain, but if you are fearful it’s always good to have your attorney review them BEFORE you sign. Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, Foreclosures, Investor Resources, Short Sales Tagged With: broward county, buying a foreclosed home, buying a foreclosed property, buying a home, buying foreclosures, buying short sales, coconut creek, Coconut creek short sale realtor, coral springs, coral springs short sale realtor, faq, foreclosure, Foreclosures, helpful tips, helpful tools, homes for sale, how to buy, hud properties, Short Sales

Are Foreclosures Really Good Investments?

March 12, 2010 By dustin Leave a Comment

The answer is…it depends…

First, you need to identify what makes a deal good to you? Good price? Good Condition? Good Terms? Some combination of the three? Knowing what makes sense for your goals and finances is the key knowing if the property you’re looking at is a deal.

First things First…..

When thinking about buying a foreclosure, or any home for that matter, make sure you know what your goals are for the property BEFORE you make the offer!!!

Just remember, “if you fail to plan you plan to fail”, at least most of the time anyway. When it comes to my clients, I let them know upfront that if they like a property that needs $30K in rehab costs, and a lot of out of pocket expenses, but they don’t have much money to put into the deal readily available, that they need to be careful. Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, Foreclosures, Investor Resources Tagged With: broward county, broward county fl, buying a home, buying foreclosures, coconut creek, Coconut creek short sale realtor, coral springs, coral springs short sale realtor, faq, Foreclosures, great deals, helpful tips, helpful tools, homes for sale, how to buy, hud properties, investors, s palm beach

Why all the Foreclosures- What’s the Deal?

March 12, 2010 By dustin Leave a Comment

No one with a pulse could miss the all news about the “Foreclosure Crisis” we are facing as a nation, and particularly here in S. Florida. I’m sure the gurus of late night tv who teach you “how to make millions in foreclosures”, or whatever the spin, will be really raking in the cash thanks to all the publicity.

One question I seem to get every now and then is the reason behind so many people are facing foreclosure right now. Who’s to blame? Is it the government? The banks? Those mean ‘ol real estate investors?I thought I’d take a minute to quickly address what I’m seeing in my daily life as a Realtor here in Broward County FL.

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2010 Broward single family home stats

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.

Loan Modification/ Short Sale info for Top Lenders

FHA Loan Guidelines

Buying Short sales vs. Bank Owned Properties (REOs)

Are Foreclosures Really Good Investments?

Why all the Foreclosures- What’s the Deal?

+1 This Page!

Client Testimonials

Contact Me TODAY!

Local Resources

Call Me TODAY!

2010 Broward single family home stats

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.

Loan Modification/ Short Sale info for Top Lenders

FHA Loan Guidelines

Buying Short sales vs. Bank Owned Properties (REOs)

Are Foreclosures Really Good Investments?

Why all the Foreclosures- What’s the Deal?

+1 This Page!

I want to Connect with YOU!

Client Testimonials

Contact Me TODAY!

Local Resources