Fort Lauderdale Beach Real Estate

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

Posts Tagged ‘buying a condo’

NAR’s sustainable property designation

Posted by fortlauderdalebeachrealestate on March 30, 2010

I’ve just received my Green designation from NAR, the National Association of REALTORS.  This is a newer designation and advocates the goal of education and adoption of green real estate principles.  As buyers and sellers continue to address issues of energy efficiency and smart building practices, the market will continue to evolve and green properties will become increasingly prevalent.  I can now provide knowledge in this evolving market.

This is my 7th professional designation/certification and shows the dedication I have to my career and continuing education.

  • CRS-Council of Residential Specialists, most prestigious designation held by only 4% of REALTORS
  • ePRO-Technological designation
  • GRI-Graduate Realtor Institute
  • RECS-Real estate cyber society
  • SFR-Short sale foreclosure resource
  • SRES-Seniors real estate specialist

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Real Estate, Just for Fun, Real Estate News, South Florida Real Estate News | Tagged: , , , , , | Leave a Comment »

Outstanding Opportunity…

Posted by fortlauderdalebeachrealestate on February 11, 2010

I saw this condo yesterday at a brokers open with friends, and WOW.  The “Four Seasons” is my favorite building in the entire city of Fort Lauderdale.  Located on Sunset Drive just off Las Olas and just west of the Intracoastal Waterway.  This is a fully restored Mid-Century building with 24/7 doorman service, covered parking and available dockage with ocean access/no fixed bridges.  Any size pets welcome.   This was just relisted as an approved short sale for $385,000-this is the previous listing, disregard the list price.   3 bedroom, 3 bath home sized condo at 2400+ square foot.  Enjoy views of Sunset Lake, Ocean and Intracoastal.  Near 9′ ceilings add drama to already huge spaces, eat-in sized kitchen plus den/family room and Florida room.  A/C, cable and hot water are included in your monthly maintenance.

Jon

Posted in Blogroll, Buying Real Estate, Condominium Info, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Short Sales, South Florida Real Estate News | Tagged: , , , | Leave a Comment »

“Your Home” & January 2010 Statistics

Posted by fortlauderdalebeachrealestate on February 2, 2010

 

Wow, it is February already-how did that happen?  In this month’s edition of  “Your Home”  I have a updates on the homebuyer tax credit, home buying trends and it is “census” time.  Our market in South Florida has continued to gain momentum and offers incredible opportunities to those folks looking to purchase real esate.    I just received the numbers for Broward County for January-FABULOUS!

___________________________________________________________________________________

New Listings

Single Family-1,319, 11% lower than 09′
Condo/Townhome-1,837, 7% lower than 09′
Total all property types-4,903, 12% lower than 09′

Total Available Inventory

Single Family-5,965, 40% lower than 09′
Condo/Townhouse-8,985, 34% lower than 09′

Single Family Sold

535 closed sales, up 42% from 09′
Median sales price, $205,000, same as last year

Condo/Townhome Sold

761 closed sales, 82% higher from 09′
Median sales price, $75,000, 11% down from 09′

Pending Inventory or homes under contract

Single family homes are up 27% over 2009
Condos are up 73% over 2009

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 11 month supply of single family homes on the market(down 58% from the previous year) and a 12 month supply of condos on the market(down 63% from the previous year).

Jon

Posted in Blogroll, Buying Real Estate, Condominium Info, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, South Florida Real Estate News | Tagged: , , , , , | Leave a Comment »

Questions about extended home buyer’s tax credit? I have the answers.

Posted by fortlauderdalebeachrealestate on January 12, 2010

Here is a link to a great website that has all the information buyers need to know about the extended and expanded home buyer’s tax credit.  Housing Market Facts

Real estate questions?  Call me.

Jon

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Real Estate, Real Estate News, Selling Real Estate, South Florida Real Estate News | Tagged: , , , , , , , | Leave a Comment »

Cool New Tool For Homeowners

Posted by fortlauderdalebeachrealestate on December 8, 2009

Check this out, it is a great resource for anyone that is a homeowner.

What is HouseLogic.com?
HouseLogic is a free source of information and tools—from the NATIONAL ASSOCIATION OF REALTORS®—that can help you make smart and timely decisions about your home.  
What can HouseLogic do for me?
With content covering home improvement, maintenance, taxes, finance, insurance, and even ways you can get involved in and enrich your community, HouseLogic can help you increase and protect the value of your home by helping you make confident decisions

Jon

Posted in Blogroll, Buying Real Estate, Just for Fun, Selling Real Estate, South Florida Real Estate News | Tagged: , | 1 Comment »

Views, Views and more views…

Posted by fortlauderdalebeachrealestate on November 19, 2009

What a wonderful unit!  This is one bedroom one bath corner Southeast unit on the top floor of River Shores in the Bristol Building.  Less than two miles to the white sandy beaches of Fort Lauderdale.  Sun drenched interior with wonderful views of the Middle River, Wilton Manors,  oceanfront highrises on the beach and downtown.  Equally stunning during the day and at night.  Gated complex features dockage, gym, saunas, clubhouse and fantastic waterfront pool.  Only minutes to the entertainment, shopping and dining available on Wilton Drive.  Low maintenance of only $247/month includes water, sewer, trash, and insurance, and cable.  Your only expenses are electricity, phone and cable.  Great as a getaway, and just as great as a place to call home!  This unit is not currently available to the public, but only to my clients.  Call me for details and let’s make this place your home!

Posted in Buying Real Estate, Fort Lauderdale Real Estate, Selling Real Estate | Tagged: , , , , , | Leave a Comment »

FHA eases some new condo lending rules

Posted by fortlauderdalebeachrealestate on November 12, 2009

x29659937Received GOOD news yesterday from Kimber White at Eastern Trust Lending…

We just got some great news concerning condos in Florida from FHA. We can still continue doing spot approvals until Feb. 1st 2010 with possible extension after that but that is at the discretion of each lender still and 90% of lenders won’t do spot approvals but we are a direct lender and still can do spot approvals. Also under the new guidelines there only can be up to 50 % of FHA loans in a project instead of the old guideline of 30%.  Another great change is the percentage of owner occupied has been changed.  The % of owner occupied units is now 40% but the great news is that we can exclude bank owned and short sale listings when calculating those ratios which will get over the hurdle of the foreclosure issue.   Another change is the budget which used to read that there had to be 12 months reserves at time of spot approval.  The new change states that the association must show the ability of reserves over the past 12 months and ability to support the association in the future.  Another great change pertains to new contruction and conversion projects it used to have to be 50% pre-sold to get an FHA loan now its 30% pre-sold.  Also we now have a direct line to get the new projects approved with FHA during preconstruction. 

In summary this is great news I have attached the guideline changes and the bullet points of those chages.   I have 20 years in the industry and am very versed in FHA and can still do spot approvals so please feel free to call me with any questions on this and lets move some condos.  Kimber White, Eastern Trust Lending, 954.696.1436

Click here to read the entire document.

Posted in Buying Real Estate, Condominium Info, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Real Estate News, Selling Real Estate, South Florida Real Estate News | Tagged: , , , , , , | Leave a Comment »

Introducing Betty Scherer…

Posted by fortlauderdalebeachrealestate on November 8, 2009

BettyI am thrilled to introduce Betty Scherer.  We have recently joined forces as REALTOR-ASSOCIATES with Century 21 Hansen Realty in Fort Lauderdale, Florida.  Betty brings with her many years of business experience in many different capacities throughout the United States, Europe and South America.  In addition to being a licensed REALTOR, Betty holds the following professional designations:  CIPS, Certified International Property Specialist; CIIIS, Certified International Investment Immmigration Specialist; TRC, Transnational Referral Certification in addition to being a member of the National Association of Realtors and RAGFL, Realtor Association of Greater Fort Lauderdale.  Whether buying or selling in South Florida, call Betty and Jon for top notch 5 star services.  Our knowledge of the local market, combined with the worldwide name recognition of the Century 21 Real Estate Network and our extensive internet marketing programs assure you of a win-win situation, whether you are looking to purchase or sell property in the Greater Fort Lauderdale area.  Welcome Betty!

Jon

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Just for Fun, Real Estate News, Sales Statistics, Selling Real Estate, South Florida Real Estate News, Testimonials, Uncategorized | Tagged: , , , , , , , , | Leave a Comment »

November e-News

Posted by fortlauderdalebeachrealestate on November 5, 2009

Coconut Grove

 

 

 

 

 

Wow, November already?  Hope everyone had a great Halloween.  Lots of good things to share with you this month.  Activity in our market continues to pick up and gain momentum.  The statistics just came out for October in Broward County and there is fantastic news in the numbers again.  Sales for single family homes are up 36% and available inventory is down 46%.  Condo/Townhomes showed an increase in sales of 66% over 2008 and available inventory is down 35%.  For more details check out the post below this one for all the numbers.

  • Homebuyer tax credit extension.  The senate has approved a 7 month extension of this tax credit with some added benefits for buyers who are not first time home buyers.  This will go a long way in helping to continue the upward trend in the real estate market.  It still has to pass the house and get to the president for his signature, but all signs are pointing to a positive outcome.  Click here to read the full article.
  • Short sales continue to be a big part of our market and there has been one big change in how 1st lien holders are handling them.  In the past the first mortgage was looking to recover 75-80% of what is owed-which didn’t always work depending on the amount owed and the current market value.  Now, they are accepting current market value or close to what the last comparable property closed for.  If you want more information, click on the tab above “Short Sales”.  And if you’re looking for an experienced title company that is excellent in closing them, the only game in town is Roberto & Associates, 954.776.7498, Joe Roberto.
  • I have 2 great opportunites listed-$69,000 one bedroom condo in Wilton Manors, down the street from the “Drive”.   And a one bedroom condo in Coral Ridge for $67,000 can be rented immmediately.  Lastly, looking for an inexpensive rental?  $975, two bedroom two bath also down the street from the “Drive”

Some great feedback  to share from satisifed clients-

  • “Jon is the most intuitive real estate agent I know – as well as the most patient. After describing the kind of house I wanted to purchase he took me right to my ideal home. Of course I wanted to see more and Jon worked with me and took me to see other properties. It did not take long for me to know that the first house Jon showed me was the one and I bought it. He was extremely helpful post-sale in recommending the absolute best service personnel – carpenters, etc. I highly recommend Jon as a realtor.”  Steve Cantrell
  • “As a first time home buyer I chose you as my REALTOR because my parents had used you when purchasing several properties.  We spent long hours and several months looking at homes.  It seemed like I was never going to find anything, but you kept me on track and finally found the perfect home for me.  You were so knowledgeable, helpful, and patient.  You were there for every little problem I encountered and referred me to a wonderful mortgage broker (Jim Monninger) who guided me through the involved loan process.  Thank you so much for your help and I will be recommending you to anyone I know who needs a REALTOR.”
    Andrew Toy

Jon

Posted in Blogroll, Buying Real Estate, Condominium Info, Fort Lauderdale Condos, Real Estate News, Sales Statistics, Selling Real Estate, Short Sales, South Florida Real Estate News | Tagged: , , , , , , | 1 Comment »

Century 21 at the top of Wall Street Journal Survey…

Posted by fortlauderdalebeachrealestate on October 31, 2009

SB10062871C-001

Through powerful advertising campaigns, broad online digital visibility, strong word-of-mouth marketing, and the delivery of outstanding customer experiences, CENTURY 21® Real Estate has earned top positioning in a recent Wall Street Journal survey of its readers. According to the Wall Street Journal’s 2009 Residential Real Estate Study, the CENTURY 21 Brand ranks first in the industry in Brand Awareness. No other real estate company has greater awareness with consumers. That’s right. We have 99% brand awareness among consumers, per the Wall Street Journal survey results. As for preference, the CENTURY 21 Brand ranks 2nd in “Consideration for Future Business” in that same survey. That positioning is higher than RE/MAX. The survey results indicate that over 84% of consumers will consider using a CENTURY 21 Office in the future.

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Real Estate, Selling Real Estate | Tagged: , , | Leave a Comment »