It has just become more difficult to get a mortgage on a condo in Florida. Lending giant Fannie Mae, which buys the majority of home loans from lenders, recently toughened its requirements on mortgages for Florida condos in a move analysts believe will only slow down sales in buildings that are already starved for residents and struggling financially. The new conditions needed to quality include: No more than 15% of a building's unit owners may be delinquent (30 days or more past...Continue Reading!
Real Estate News Category
Beautiful Mediterranean Home in south Gables features five bedrooms, six bathrooms, family room, kids room, circle drive way and a Elegant curb appeal. Now reduced to $1,390,000 Soraia Farah 786 201 3830 cell Continue Reading!
If you are have been looking for a special piece of property in Florida to build your dream home, you should to consider this one. This unique Palm Beach oceanfront property has just been reduced in price from $5.5 Million to $3.95 Million. Located in the Town of Ocean Ridge, this is a 1.26 acre parcel zoned for Residential use. You can step right out the backyard onto the beach. This property is rare and if you have been searching for oceanfront residential...Continue Reading!
My intention is to help buyers get the best deal in their desired locations with the least hassle. This week I found a wonderful townhouse in Fort Lauderdale in the prestigious Victoria Park location. It features marble floors, french doors, Roman tub, walk in closets, stainless steel appliances, jacuzzi in master bath, custom cabinets, high ceilings, a private yard and many more amenities. This townhouse is reduced from $645,000 and is close to the Galleria Mall, fine dining, downtown Fort Lauderdale, the museums, theater and the beach. You...Continue Reading!
The new Dade County Foreclosure ordinance is already causing problems and delays. It passed with the intent of helping communities cope with abandoned properties and to force the banks to maintain these properties - even when they still don't own them. However the current budget crunch may be turning it into a source of revenues for cash starved government agencies coping with lower tax revenues as a result of lower property values. The results of these actions may have costly consequences for our...Continue Reading!
For the past several days, I have been trying to find beautiful Japanese plants for my front garden, to no avail. There are no great nurseries in north Dade County. This would be a great start up business for someone with a green thumb and great interest in landscaping and plants. So many homes in Aventura are townhouses which lend themselves perfectly for the formation of Japanese style gardens which have the history of creating great beauty in small spaces. Everytime we...Continue Reading!
I just wanted to write a quick post this morning to thank alll those who came out to my Grove Real Estate Talk at Greenstreet last night. We had our biggest turnout since the start of these events, and I hope that everyone came away with their questions answered and a little more information on the market here in Coconut Grove. I knew that it was a success when the waiters told me that we had consumed more wine on this...Continue Reading!
836 Majorca Avenue - $810,00 2,241 Adj SqFt Living area - 5,650 SqFt Corner Lot Bedrooms: 3 (2 downstairs + master upstairs w/walk-in closet and private sun terrace) Bathrooms: 2 (1 downstairs + master upstairs) Den/office off bedroom downstairs with independent entrance Wood floors living areas and bedrooms Terracotta tile with hand painted cabochons insertions foyer area Tile floors kitchen and family room Chicago bricks exterior entrance - patio Cathedral ceilings - Crown moldings - Base boards - Recessed lights - Fireplace Kitchen with new dual fuel range...Continue Reading!
As has been the case in recent months, the majority of real estate transactions taking place in Brickell Key continue to involve distressed properties. Each sale, including short sales and foreclosures, sets a precedent for the next and puts downward pressure on prices. Average prices per square foot continue to fall and at best remain constant with those observed in 2008. Three Tequesta Point / 848 Brickell Key Drive # 2002 / 2 Bedrooms 2 Baths / List Price: $575,000 / Sale Price: $500,000 /...Continue Reading!
As they say in Bermuda, "Feel the Love!" Nestled in the heart of Coral Gables, sits a townhome community called Bermuda Village. With its close proximity to our MetroRail system, this makes for a relaxing commute to: University of Miami Shops of Merrick Park / Village of Merrick Park Coconut Grove Village of South Miami Sunset Place where there is shopping and restaurants Doctors Hospital Larkin Hospital South Miami Hospital (which is part of the Baptist Hospital health system) Downtown Miami where the Metrorail links to the Metromover for getting around...Continue Reading!