Fort Lauderdale Beach Real Estate

Jon C. Mumford, REALTOR-ASSOCIATE, CRS, ePRO, GRI, GREEN, RECS, SFR, SRES

Archive for February, 2007

Pictures and Listings

Posted by fortlauderdalebeachrealestate on February 21, 2007

16th-st-boat-rampweb.jpgI came across this listing this morning while prospecting expired  listings this morning.  http://JonMumford.sef.mlxchange.com/?r=1327551366&id=3633353739363632.428 This property has been on the market since October 2006 and just expired.  Take a look, this is a $1,250,000 property and there is not one photograph for potential buyers to view.  Some 80% of buyers start their search on the internet and some 78% say pictures are important and that most often buyers will skip those without photos until they come to a listing with photos.  What a dis-service this agent has done for their seller.  You can now have up to 16 photos uploaded into the MLS system, I can upload 21 in Century21.com in addition to being able to create a slide show which can be copied into the multiple list system.

Jon

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Please take a moment to send an email about property tax reform

Posted by fortlauderdalebeachrealestate on February 13, 2007

This came to me through the Board of Realtors, and is super important to all of us.  Please take a moment to send an email to the Senate and share this with anyone and everyone you know affected by the soaring property taxes.

Jon

E-mail the Joint Senate and House Tax Panel at propertytaxreform@flsenate.gov

An e-mail address has been established for the public to submit comments, which will be distributed to all of the members of the Joint Senate and House Tax Panel assembled in Broward last night to consider our concerns.

Whether you believe our focus should be on “Save Our Homes” Tax Portability, a proposal to help first time home buyers, the capping of tax increases on non-homesteaded properties, all of the above, or creating an entirely new tax system, now is the time to speak out.  To be effective, please be clear and concise about your ideas.  You may have some very specific ideas you are willing to share, but, if not, simply pasting the two bullets below into an email of your own will also be helpful.

  • We need the Legislature to act this year on significant and broad tax reform, including, but certainly not limited to tax portability.  We need reform that helps all, including first time homebuyers, primary residents, second homeowners, and businesses alike.  People are leaving Florida, and businesses will shy away until we solve this crisis.
  • Not only must the Governor and the Legislature act this year on the general issue of reform, they must approve a Special Election to be held in 2007, so voters do not have to wait another year to finalize any reform passed by the Legislature.  As proud RealtorsR, we will not rest until this issue is solved.

Legislators acted on insurance only because of public pressure. Only with your involvement can we succeed when it comes to tax reform.  Let us work together to keep our industry—and our community—solvent and strong!!

E-mail the joint Senate and House Tax Panel at propertytaxreform@flsenate.gov

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Broward property owners implore legislators for relief from soaring tax bills: South Florida Sun-Sentinel

Posted by fortlauderdalebeachrealestate on February 13, 2007

Here is an article about the meeting last night in Davie with homeowners and legislators regarding the escalating property taxes in South Florida and the effect it is having on the real estate market in Fort Lauderdale and surrounding areas-this and insurance relief are the two top priorities this year.

Jon

Broward property owners implore legislators for relief from soaring tax bills: South Florida Sun-Sentinel

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Condominiums & Windows

Posted by fortlauderdalebeachrealestate on February 12, 2007

I just came across this and thought it was interesting and a “need to know” especially given the fact that we are in South Florida.

In 2004, Florida changed the insurance requirements for condominiums.  Florida law supersedes any condominium’s documents. Florida law now requires that condominiums insure our windows and patio doors.  In October 2004, Florida changed and upgradedthe statewide building code and the new code became effective January 2005.  For high-risk coastal areas, the Florida Building Code of 2005 requires special high-impact window frames and two-layer laminated glass.

In January 2006, the DPBR issued Declatory Statement DS2005-055, stating that all Florida condominium are responsible to repair and/or replace anything they are responsible for insuring.  This statement is like a court ruling and it establishes legal policy for Florida.

Your windows and doors are the responsibility of your condominium association.  Your condominium association must insure them.  If your windows need to be repaired, your condominium association is responsible.  If your window/door cannot be repaired to current code, your condominium association must replace them with new, code compliant windows.

Jon

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Good News

Posted by fortlauderdalebeachrealestate on February 11, 2007

I wanted to share with you some very encouraging things that I’ve read over the weekend on the current real estate market. 

“I expect modest sales gains throughout the year, 2007 promises to be the fourth best year on record.”  David Lereah, NAR’s chief economist.

 Based on contracts signed in December, the pending homes sales index rose 4.9 percent to an index of 112.4 from 107.2 in November.  This was the biggest increase since March 2004 when the index rose 6.9%.  (The index is a leading indicator for the housing sector, based on pending sales of existing homes.  An index of 100 is equal to the average level of contract activity during 2001, the first year to be examined and the first of five consecutive record years for existing-home sales.  There is a closer relationship between annual changes in the index and the actual market performance than with month-to-month comparisons.)  www.realtor.org

Existing-homes sales, after reaching the third highest total on record, 6.48 million in 2006, are forecast at 6.44 million in 2007 and 6.64 million the following year. 

The latest economic forecasts suggest that the real estate market correction is coming to an end, offering consumers a once-in-a-lifetime buying opportunity.  Mortgage rates are close to 40-year lows.  Inventory is once again on the decline and with the market correction nearing an end, home prices are expected to rise again.  Bottom line, real estate remains the best investment available.  NAR

All great things!  I’ll post the statistics from January for the Realtor Association of Great Fort Lauderdale to further illustrate this.

Jon

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Welcome to my new Web Log

Posted by fortlauderdalebeachrealestate on February 11, 2007

jon-web.jpgWell, this is my very first entry in my new real estate blog-Fort Lauderdale Beach Real Estate.  After reading and researching as much information as I could find on blogging, I decided it was time to start.  I think this a great forum for the exchange of information on any number of topics including Fort Lauderdale Real Estate, Wilton Manors Real Estate, current market conditons, trends and more.  I also think it will be great way to communicate with my clients, both past and present.  I am very fortunate to have an outstanding group of past clients which have continually enriched my business with referrals.  My business is based on returning clients and referrals, the greatest compliment you can give me is a referral.  Referrals are what determines my success…one house at a time, on client at a time!

Fort those of you who don’t know me personally, I’ve written some background information about myself and also my office, Century 21 Hansen Realty, Inc.  You can find that by clicking on the tab above, “About Me”.

Feel free to comment or contact me if you have any questions or need advice in regards to South Florida Real Estate.  I will be updating my blog frequently with all kinds of great information, so stay tuned and happy blogging!

Jon

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