Bank owned properties of great value and good condition have a usual shelf life span of 2 to 5 days on the market, or ( less ) .

Yesterday, I read about a 5/3/1 pool home in Weston Hills Country Club’s guard gated community  in Weston, FL that normally would of sold for 1 million dollars, which is now a foreclosure priced at $700,000.00.

EWM’s foreclosure team, which I am a part of, has a 6 bedroom luxury foreclosure pool home that was over a million dollars in Davie, Florida coming in the next week or two to the market. Here is a picture of home soon to be available.

Communication with your realtor in terms of price and being  pre-approved before looking, whether a cash purchase or mortgage purchase is really important.

Foreclosures are not as easy as you may assume to buy. Many factors go into the banks ability to select your bid. Currently, we run into multiple offers on a daily basis. The realtor working with you should have REO experience, as the bank addendums and time restrictions are in full force. The contract is not your typical contract.

Mortgage consultants with experience in this field are of great importance.

If you need help with a foreclosure, you would like to know more about the home in this photograph or have a general question call SusanPenn, EWM realtor at 954-557-5993 or email penn.s@ewm.com

There were 25 Closings in July:
1 Short Sale (SS)
7 Foreclosures (REO)
17 Regular Sales

6 Under $199,999.00
18 Between $200,000.00 and $399,999.00
1 Over $400,000.00

Condos/Townhomes:

There are 15 properties under Contract but there were no Closings in the month of July 2009

ENJOY THE EMBASSY LAKES OF COOPER CITY

LIFESTYLE

Located on Sheridan Street in Cooper City, Embassy Lakes is a well maintained community with pride of ownership and wonderful facilities. If security is important to you, there are three manned guard gates. There is an Olympic sized swimming pool, which is heated in the winter months. If tennis is your game there are spot lit tennis courts and shaded bicycle and walking paths. A fully equipped gym and a basket ball court are more choices for the resident of Embassy Lakes.

Planned events are organized and this past weekend there was an Easter egg hunt for the children. A great time was enjoyed by all.

With the decrease in the price of property, DON’T delay, visit this little gem today!!!

As of today’s date there are 28 active and pending sales in Embassy Lakes, Cooper City, Florida The prices range from $260,000 to $650,000. ALL the pending sales are priced from $250,000 to $370,000. As you can see the lower priced homes are selling!!!!!

Short sales and REO’s (bank owned properties) are also on the rise which is having a great impact on the price of homes. Of the listed homes 75% are normal listings, 2% are bank owned and 18% are short sales.

We are in a rapidly changing market, with prices DROPPING daily. In order to sell your home, homeowner’s are advised to make sure that the listed price of the property is within the current comparative listed prices of homes in the area.  Request a Comparative Market Analysis from your realtor before agreeing on a price!!!!!

Perhaps you have clients looking to move east into a smaller place, and we can do a double sale or a double rent!  Perhaps you have a house that fits the bill that hasn’t sold, and your clients would consider renting to my clients.

Please email me if you have such a listing.  Thanks!  camusser@bellsouth.net

This 3 bedroom 2.5 bath home includes a loft, updated windows, and doors. Located  in the private gated community of Reflections.

Within walking distance to A rated Embassy Creek Elementary.  With great scools, lots of sports and recreation it is no wonder why Cooper City was voted one of the top ten places to live in the country.

The schools include:

• Embassy Lakes Elementary
• Pioneer Middle
• Cooper City High School

** School information is believed accurate at the time of print please check with the Broward School Locator for more information on the schools for this home and also Broward School Grades.

Coconut Grove•Cooper City•Coral Gables•High Pines•Pinecrest•Ponce/Davis•South Miami•

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Coral Gables

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High Pines

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We also have Open Houses in other areas!

Great school and family area has all the amenities of Embassy Lakes without the high maintenance fees. Right across the street from A rated Embassy Creek Elementary walk to school, the middle school is A rated Pioneer Middle, and the high school is A rated Cooper City High School.

Cooper City is ranked one of the best places for a family to live according to last summer’s Family Circle. This listing is priced at $299,900

Cooper City•Coral Gables•Cutler Bay•Palmetto Bay•Plantation•South Miami

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Plantation

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Found in Rock Creek, this is a  rambling 5 Bedroom, 3 Bath home.  Cooper City is in the Top 10 cities to dwell in America per Family Circle Magazine. A Home which boasts a Living room with vaulted ceilings, a Large Exercise/Loft area, and a redone Kitchen/Family room  leading directly to the Private Pool area w/ a paver deck. Schools and Shopping nearby.