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GOLDEN GIRLS – RUE McCLANAHAN

Thursday, June 3rd, 2010

Sadly, at approximately 1:00 a.m. today, Rue McClanahan bowed to her final curtain call at the age of 76.  How is her death related to Fort Lauderdale real estate?  Very much so.

The sitcom originally aired on September 14, 1985.  The show revolutionized television comedy by redefinining older women liberation genre with such crafty wit by showing to the world that single widowed and/or divorced women can have a fully independent and adventurous life.

At a time when South East Florida bacame a worldwide destination not only for retirees but for young people, too, who seeked warm sunny living year round, the show indirectly promoted Miami or Fort Lauderdale alltogether as a sublte invitation advocating the fun and diversified lifestyle void of boredom  [especially for 60-something single women].   

Ironically, last night, I watched two Golden Girls re-run episodes back-to-back and the whole gang still made me laugh my a.. off. 

Bea, Betty, Estelle and Rue, thank you for the laughter.  And Bettie, long live you.

John Bourassa, Realtor® with RE/MAX Partners, Fort Lauderdale, Florida specializing in Luxury Beachfront Condominiums and Homes.  Call my “Sell” phone (954) 529-5505.

PROPERTY TAXES IN FORT LAUDERDALE ARE DOWN.

Wednesday, June 2nd, 2010

In Florida, property taxes are levied by each county and their calculation formulas vary from one county to another.  But, what that really boils down to is no matter what formula each county uses, the end result is everybody pays about the same for an equal valued property: in one county a homeowner pays one dollar bill, in another county a property owner  pays four quarters, the next county a proprietor pays ten dimes, and so forth (I am not going to explain exactly how the Broward County property taxes are levied today – That’s for another blog, soon).

However, in Broward County and in Fort Lauderdale, property values have dropped considerably in the past four years and along with it a downward correction of our property taxes.  Homeowners who bought at the height of the real estate market were paying property taxes through thet noze back in 2006-2007 but have been enjoying a decrese each year since 2006, as I have.

How long will property taxes  continue to decrease?  I don’t know but it seems that we have reached a real estate price stabilization which equally stabilizes property taxes until something drastic happens to real estate either way.  However, that is not to say that Florida Counties who are running into deficits will not impose tax increases by simply augmenting the milleaqge rate (milleage rate is an adjustable factor or index used to calculate property taxes).

For more information concerning Broward County Property Taxes, visit the Broward County Property Appraiser’s website www.bcpa.net or call me on my “Sell” phone (954) 529-5505.

MEMORIAL DAY – THE RED SOLDIER

Monday, May 31st, 2010

Florida is a Spanish term for “Flowery Easter”.  It’s Southern Region lies in a marvelous subtropical climate - everything grows in abundance down here.  Fort Lauderdale has a flora hosting a diversity of flowers and plants that were imported from all over the world since Ponce De Léon discovered Florida in April of 1513. 

On my way back home from the gym this morning on a perfect bright and sunny Southeast Florida day with only a few white puffy clouds floating at a distant horizon, I took a different route through my Coral Ridge neighborhood.  The outside temperature reading in my car was 78ºF and  the realtive humidity was low for this time of the year.  Most of the streets in Coral Ridge are covered over with  tree tops that are nearly touching each other that makes always for a pleasant drive through those perky green canopies allowing rays of sunshine penetrating through here and there.  This is the ideal Memorial Day holiday for families to go out pick-nicking in the parks or on the beach. 

Then, I saw the that Red Soldier (see picture above).

I can’t quite explain why but as I passed that Royal Poinciana tree it connected with this day – this Memorial Day.  I stopped in the middle of the street, put my car in reverse and slowly admired its magnificence while rolling back.   Being a Realtor®, I always carry my digital camera in my car.  I snapped a few shots.  The flamboyant tree reminded me of an old soldier healed from many battle wounds still proudly standing on guard in front of that house specially donning his splendid fiery uniform in hommage of this remembrance day.   

To all the valiants who have fought and are still fighting to preserve world piece and liberty and to all the braves who have died to preserve our freedom, my freedom, I SALUTE YOU!

PS: Yes, that house with the radiant sentinel tree is for sale.  Call my “Sell” phone (954) 529-5505. 

John Bourassa, Realtor®, RE/MAX Partners, Fort Lauderdale Florida facilitator of real estate transactions.  

PRACTICING REAL ESTATE…

Sunday, May 30th, 2010

I could never understand why attorneys “practice” law.  I always thought that singers, entertainers, ball players, etc. practice to perfect their skills before a performance.  Do attorneys practice law so they will eventually get it right when in court?

                   

However, performing real estate duties are becoming more and more law oriented – less selling and more worrying about keeping up with a plethora of new laws and regulations -  maybe, soon, Realtors® will probably have to become para-legals first or maybe  have a full law degree before they can sell or “practice real estate” (P/S: that is not true for now and, to my knowledge, it is not in legislation for study but I only guess that it would not surprise me if that were to happen in a near future).

The laws affecting real estate are constantly changing or morphing to more complicate and intricate  stuctures.  Almost every day something new is  happening in real estate that somehow screws the public.  Then, lawsuits fly all over the places and, before we know it, another paragraph is added to local or state real estate contracts.

I talk with my dad, who is 82, about two to three times a week about everything or nothing.  My dad often reminds me when he and mom bought their first house back in 1947; a Sale and Purchase Contract was only 1.5 pages with no earnest money down, a man’s word, only one signature and a handshake.  Also back then, when buying a car, the dealer would let people take a car home for the weekend and settle on the paperwork the next week.  Or many local grocery and hardware stores operated on I.O.U.   “Those days are long gone” dad sadly muttered.  Now-a-day, contracts consist on an average of 25 pages or more with addendum, disclosures, release of harm, and etc. and each page must either be initialed, or signed, or witnessed or all of the above.  And if any of the parties involved in a transaction makes a verbal promise to so something and don’t perform on his/her words, “who cares?” because it wasn’t in writing, signed, sealed and witnessed…

Since those days of honor, have people in our society evloved to become so untrustworthy, or have attorneys become smarter, or both?

Unfortunately, problemation is more often a deliberate endeavor created by only a small percentage of people who, by their deceitful agenda, make it bad and difficult for the majority of the good and honest consumers [who are the victims] when engaging  not only in real estate but in all industries.

On the other hand, I am highly grateful that there are government agencies, associations and organizations  (local, State and Federal) who protect consumers by imposing regulations, laws and continuous education for all persons who represent every industry servicing our Nation and other world countries.  [Pertaining to real estate, it is regulated and overseen by state agencies like the Florida Real Estate Commission (FREC),  the Department of Business and Professional Regulations (DBPR), and by each state  Association of Realtors® under the umbrella of the National Associationof Realtors® (NAR) all of whom uphold mandatory continuous education with "core law" and "ethics", all  for the benifit of protecting the public.]

My name is John Bourassa and I am proud to be a Realtor®.  I don’t have one of those cliché goodie-two-shoes mission statements but for all my clients, I give them a just, dedicated and honest representation.  Call my “Sell” phone (954) 529-5505

BUYER BEWARE!!!

Wednesday, May 26th, 2010

It all started about one month ago when my Dell Precision 390 acted up, big time.  I have an extended warranty with Dell that ends in November 2011.  The problem started the moment I installed My Dell at the end of 07 running Windows Vista Ultimate.  My Double CD/DVD and DVR Writer Drive filters jump off settings and would not recognize tat there are discs in the trays.  I called Dell and someone fixed it by remote access.  I don’t use the CD/DVD much, anyway, but about 2 months later, the same thing happened. I called Dell’s Tech Support again but this time the tech tried a different pricedure and got me back in operation. 

To make a long story short, that went on and on until one month ago when my computer started acting up with other problems.  Along the way, a couple of Dell Tech Support Technicians suggested that I put the recovery disk in and voilà! that would solve the disc reading problem; however, that would also wipe out all my installed program software.  Two months ago, the last Dell Technician also suggested that I use the recovery disk but this time it would solve all the old and the latest probelms I have. I was always reluctant to do that because, evenn though I have a 1T back up device, I would waste a full day or more to re-configure my computer and reload all my important programs.

Sick of all of it, I was ready to bite the bullet and go on with the dreaded recovery procedure.  Before I jumped the gun, though, I conferred with my office IT Guru.  He fiddled aroung with my compy and he finally gave up; he agreed that the Dell guys are probably right but he suggested that if I am to to recover, this would be a great opportunity to upgrade my operating system with MS Windows 7 Professional for it is much superior than Vista but he strongly suggested that I buy a new full version instead of an upgrade from Vista -the upgrade will probably not correct the existing problems.  So I did and he was right - it solved my operating problems but it created another annoying problem.

After I loaded Windows 7, I uploaded my other costly software (Adobe Acrobat Pro 9, MS Office Pro 7, and Adobe Photoshop CS4, among others).

This is where the new problem began.   The new probles lies in MS Outlook; I cannot open any links in my emails. My Hotmail email account is directed to Outlook but if I open the same email in Hotmail, the links work fine.  With Photoshop, I got a message that the Serial number is not a supported number.

First, I called MS to find a solution to this new problem.  They ask for the Serial Number.  Immediately, the MS Tech Support said that this software was purchased at Office Depot and I need to call them for support.  Astonished, I tell the tech “I thought that Office Depot would be official retailers for MS softwares”.  She explained that large stores buy bulk Serial Number series and because of volume wholesale purchase for retail, they are responsible for any support those products will eventually need.  I called Office Depot several times in the  past three weeks and I am still waiting for someone in their Tech Support Department to call me back.  In fact, some operators who are taking the calls haven’t got a clue that Office Depot has a Software Tech Support service.

As for Adobe Photoshop CS4, I bought it on E-bay about 9 months ago.   I received the software in a plastic sealed box, never opened. It worked for 7 months on my Vista Operating System.  I even registered with Adobe Online upon installing it.  When I called Adobe Support three weeks ago,  the girl checked the Serial Number and told me that it is not a recognized Serial Number.  She asked me where I bought it.  I said  “E-Bay”.  She replied that Adobe does not support anything that is sold on E-BAY or anywhere else online.

The clincher is that I paid full retail price for Windows Office Ultimate Suite (not the upgrade), about $499 at the time.  MS charges the same retail price to buy directly from them.  But, I paid only $110 for Photoshop CS4 on E-BAY.  Adobe sells the full version for $699.  So it makes sense to buy another one on E-bay for about $110.  I can do that 3.5 more times. In summary, to get full support for a product, it is best to buy directly from the manufacturer’s sales department.

Moreover, I think large retailers who sell brand name products should fully disclose up front that the brandnames they sell are not supproted by the manufacturers.

Everyone wants to save money.  Sometimes we do, sometimes we don’t

John Bourassa, Realtor® in Fort Lauderdale, Fort Lauderdale Beach, Pompano Beach, Broward County, Coral Ridge, The Landings, Galt Ocean Mile, Seven Isles, Harbour Beach, Downtown Fort Lauderdale, Poinsettia Heights, Victoria Park, Wilton Manors, Palm Aire, - Luxury Homes and Luxury Condominiums, Townhouses, Duplexes.

REAL ESTATE LINGO 101

Friday, May 21st, 2010

Remember the 1993 movie Fallen Down with Michael Douglas when he totally lost it and went on a rampage?  He goes to a fast food restaurant, looks up the pictured menu above the ordering counter, orders a burger, gets the burger and snaps.  He calls the restaurant manager and tells him that he wants a burger that looks like the one on the picture (about 10″ tall, plump and juicy with all the dressing on it) but what he gets, instead, is a burger about 3/4 of an inch flat and the sandwich looks dry.

Those of you who are searching the Internet for properties and read the listing property descriptions, those descriptions are designed to embelish properties from what they really are.   Here are some clues:

  • Nice house or condo = shitty interior.
  • Very clean and ready to move-in = original condition but well maintained over the years.
  • Upgraded = perhaps new to newer appliances, or carpeting, or fresh paint, or new AC, or new roof or a combination of any.
  • Great location = better neighborhood but the house could be sitting on the perimeter of Coral Ridge Country Club in Fort Lauderdale but the house could be one block east of Federal Highway (US1).  Yes, one can say one lives in Coral Ridge all right.
  • Convenient location = 10 to 15 minutes drive to those better locations
  • Nice neighborhood = bordering the not-so-nice neighborhood.
  • Spectacular, or awesome, or fantastic views (see my recent post: Location, Location, Location – Views, Views, Views), more so for condominiums where heights give you better and broader views = one must lean over balcony railings, look to the east and see the ocean between buildings.  One agent once described a view in a condo unit as follows: You can see the ocean from the kitchen window (I guess that must have justified the additional $50K asking price.)
  • Walking distance to beach or shopping centers = probably two to three miles to the beach.
  • Need Tender Locing Care (TLC) = need a complete renovation.

Usually, the reason why some listings are without pictures is because properties are sometime embarrassing to display.  However, lately, there are plenty of free image/picture enhancing software that can make a shack look like a gorgeous house and many agents are beginning to to use those programs.  Moreover, properties that have been substantially upgraded, listing agents proudly put tons of pictures on the MLS with virtual tours and they write lenghty, itemized descriptions revealing intricate details of appointments of those properties like: Handsomely or newly upgraded kitchen with imported Italian Snaidero kitchen cabinets, Miele Stainless Steel appliances, 24″ Marble tile flooring throughout the main living areas and rich real cherry wood flooring in bedrooms.   Bathrooms have been equally upgraded with Villeroy and Boch bathroom porcelain sinks.  And more…

Only upon physically touring properties one can determine if a proeprty truly has the best location, the right stuff and one definitely know when views are awesome, awesomer and awesomest….

John Bourassa, Realtor® in Fort Lauderdale, Fort Lauderdale Beach, Pompano Beach, Broward County, Coral Ridge, The Landings, Galt Ocean Mile, Seven Isles, Harbour Beach, Downtown Fort Lauderdale, Poinsettia Heights, Victoria Park, Wilton Manors, Palm Aire, - Luxury Homes and Luxury Condominiums, Townhouses, Duplexes

 

BROWARD COUNTY HOME SALES CONTINUE TO ASCEND

Thursday, May 20th, 2010
 
The Miami Herald reported recently that the volume of home and condo sales soared in South East Florida during the the first quarter of 2010 based on the Florida Association of Realtors® (FAR) data.  Price of homes are burning hot – they have dropped down to what they were in 2002 and 2003 and for condos back in 2001 – 2002 depending on areas.

In Broward, sales of condos rose 45 percent to 2,739, as average prices fell 15 percent to $71,900. Sales of single-family homes inched up by 7 percent to 1,756, as average prices fell 6 percent to $196,700, the figures show while in Miami-Dade County sales of condos during the first quarter wheeled up 46 percent — compared to the same period of 2009 — to 1,920. Prices fell 9 percent to an average of $136,100.

This is good healthy news as a sign of recovery for our once severely wounded real estate market. We can all feel the new energy when working with both buyers and sellers; they are more eager to negotiate a transaction.
 
What is depleting rapidly and in great numbers are the lowest and most affordable properties on the market – mostly the distressed sales (short-sales and foreclosures) – but we are also showing a great amount of middle-income properties and equally a great amount of luxury properties htat are showing up “pending sale” everyday.
 
I don’t tink this is just a market hickup; this is the beginning of the recovery process.
 
 

John Bourassa, Realtor® with RE/MAX Partners, Fort Lauderdale, Florida specializing in luxury beachfront condominiums and homes.  Call my “Sell” phone (954) 529-5505.

Location, Location , location…and views, views, views!

Monday, May 17th, 2010

On Florida coalstlines, we are selling paradise real estate; we are selling sunshine, ocean and warm sandy beaches, lots of them.  But, there is a premium for that demand and more so in South East Florida.  Everybody has heard before the “big 3″ of real estate:  ”location, location and location.”  But here in Fiorida, along its coastlines, it is more than locations, it is “views, views, and views“.

From  Palm Beach all the way down to Key West,  that part of heaven is called the Gold Coast . 

When potential buyers come down to South Florida looking to buy properties, everyone asks to see ocean properties smack on the beach or as close to it as possible, even those buyers who know they can’t afford to buy on the beach but they ask, anyway,  just in hope…..  There are only less than 400 houses (lets call them what they really are, mansions) that are standing directly on the beach, in that long span of coastline, the rest are condomins.  Those sand palaces are into millions of dollars.  The average middle to upper middle class affluency of people understand that if they want a part of an affordable beach, they  have to buy into condominiums.  Thus, begins another price war fostered not only by locations but also for better to best views in buildings.   In a condominium, a South East corner unit ( the unit closest to the ocean) will command anywhere from $150,000 up to $500,000 + more than its counterpart unit on the West side of that building.   Likely, a unit on the 2nd floor West side facing the parking lot and A1A will also be worth much less than the same unit layout and square footage above it and so on.

As well, have many other bodies of water that are equally in top demand like properties adjoining the Intracoastal Waterways.  Hundreds of houses and condos are bordering  its banks.  The pricing formula is the same as those on teh beach - the closer to its water, the more expensive the property and for condos, the best location and views in those buildings command better prices. 

Fort Lauderdale is called “The Venice of America” designed for boaters with its extensive deepwater canal system connecting to the Intracoastal and to the open ocean.   Properties on canals of no-fixed bridges are much pricier than properties that are on canals connecting to the Intracoastal with at least 1 to many fixed bridges limiting homeowners to own small boats, being much farther West to the ocean (takes long time to get to the ocean) and boaters must calculate tides to go out and back.

Moreover, South Est Florida is greatly appealing to golf lovers.  For that, there are dozens of magnificent, echo friendly, luscious golf courses from the very exclusive to public courses.  Again, those homes built on the perimeter of golf courses with backyards looking directly and unobstructed to fairways or greens are more desirable and, therefore, more expensive.

I am your homefinder for sunshine properties with the best locations and views.  Call me, John Bourassa, Realtor® on my “Sell” phone (954)-529-5505

SHORT SALE PRICES DO NOT APPEAL TO INVESTORS.

Saturday, May 15th, 2010

The concept of buying a house (a home) that once represented the ultimate “American Dream” has lately evolved to have become a pure investment.  When my grand-parents and my parent bought their homes, all they had in mind was to provide a roof for their family, raise the family and by the time they retire their houses would be free and clear – no more debts- and live down Easy Lane (my parents are still living in the same house for 51 years). 

 

In the past 20 years the Internet and news media loaded with tons of instant national and golbal information have greatly educated consumers.  All buyers now look to purchase a property with a mathematical approach with hopes that their new property can turn a profit in a short period of time, even in this downturn of the real estate market.  Hence, realistically, everyone is some sort of an investor.

Trulia reported an article today stating that investors are no longer woed by short sale purchases because lenders are using market value appraisals based on comparative recent sales in neighborhoods as barometer to assess short sale purchases - they may only give in about 10% from asking prices; sometimes, they often negotiate for buyers to go higher than asking prices.   If someone bought a short sale two years ago, that person could have easily bought a property at about 50% of the market value of the time.  Not anymore, according to Trulia - those days are gone.

Is that an indication that we have reached the bottom?   

To be continued…

John Bourassa, Realtor® in Fort Lauderdale, Fort Lauderdale Beach, Pompano Beach, Broward County, Coral Ridge, The Landings, Galt Ocean Mile, Seven Isles, Harbour Beach, Downtown Fort Lauderdale, Poinsettia Heights, Victoria Park, Wilton Manors, Palm Aire, - Luxury Homes and Luxury Condominiums, Townhouses, Duplexes. 

Realtor.com

Thursday, May 13th, 2010

The internet is flooded with a plethora of real estate venues by every Realtor® in the world who has his/her own website, to online newspapers or foreclosure and short-sale experts for potential buyers to shop for homes or condos.  A person can spend a lifetime surfing the net for information about real estate or find property listings but only to often times get mislead and confused.

It is believed that about 88% of all potential home buyers shop the internet first to study the area they are entertaining to buy or to sell their properties before they call an agent.

Unfortunately, the internet is also saturated with inaccurate information.  Even the most popular internet real estate sites are quite behind with listings information due to agents who load up their listings in the most popular real estate sites but, like squirrels, they tend to forget where they placed their listings and don’t go back to service them for price revisions or listing status (Pending Sale or Sold).

 The best and the most reliable source of accurate real estate listings in every corner of the Nation is Realtor.com.

Realtor.com  is the official real estate listing search web site for the National Association of Realtors® (NAR).  To become a Realtor®, an agent must belong to his/her local Board of Realtors® which Board belongs to the State he lives in and which State belongs to NAR Realtors® pay annual dues to benefit from many advantages all those associations provide them from continuous education to support, training and a Multiple Listing Service (MLS), the most powerful and effective tool to real estate agents.

The  MLS is a dedicated system designed for real estate agents and is restricted for use only by licensed real estate agents who can pull listings of all other affiliated brokers in their local Boards and reciprocal neighboring Boards for accurate daily data .  There are several MLS services – they are proprietary and they sell their services to various local Board of Realtors® across the country and Canada.   Every Realtor’s listings are placed in their respective Board MLS.  All MLS‘s (there may be exceptions) immediately send their entire listing data to NAR‘s Realtor.com and that data is constantly monitord to update changes as they occur (price reduction or increase, etc).

Realtor.com is the most reliable source of accurate information for real estate listing searches across the Nation.

Shop real estate smartly, save time and search properties only at Realtor.com:  www.realtor.com - locate the properties you want to see and call me on my “Sell” phone (954) 529-5505,  John Bourassa, Realtor®.

John Bourassa, Realtor® in Fort Lauderdale, Fort Lauderdale Beach, Pompano Beach, Broward County, Coral Ridge, The Landings, Galt Ocean Mile, Seven Isles, Harbour Beach, Downtown Fort Lauderdale, Poinsettia Heights, Victoria Park, Wilton Manors, Palm Aire, - Luxury Homes and Luxury Condominiums, Townhouses, Duplexes.

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