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Posts Tagged ‘fort lauderdale real estate’

~ DON’T PANIC ~

Wednesday, August 25th, 2010

The National Association of Realtors® (NAR) reported Monday that the July 2010 home sales (that includes houses, condos and townhouses) fell to 27.2 %.   The media loves drama.  Most reputalbe media had a field day with that NAR report by glooming their report with “This is the worse home sales decline in 15 years…. and probably caused by the termination of the stimulus package tax credit for first-time buyers at the end of April 2010″ making it sound like this is the end of the housing world.

OK. That’s reality. Get over it!  This is not real estate doomsday.  Here in Fort Lauderdale, Southeast Florida, yes the amount of property sales have slowed down some but there have been many, many sales in June and July.  In fact, this month I am very busy working with buyers who are either making a local lateral move to larger homes or condos and snowbirds now preparing to buy something ready for the winter season.

Life may not be the best these days but life is gooood, nonetheless!

UNRETIREMENT – WHAT?

Wednesday, July 21st, 2010

I received in my email today an advertisement promoting to sell homes in a 55+ UN-RETIREMENT community.  I took a double read to that but, the heading was correct - it really makes sense.

There was a time when 55+ years old people were “old” but today the lower seniors are health coscious and live much longer healthy and hyper-active lives, way past the national average living expectancy (78 years old for men and 80.5 for women).

The reason for that is attributed to the fact that here in Fort Lauderdale and Southeast Florida, seniors are fueled by the constant sunshine,  No more walkers or scooters.  They don’t sit around on their laurels all day long waiting for the bus to take them to their doctors’ office. 

They begin their days crowding the beach sidewalks for a sunrise health jog; then, they meet friends out for breakfast or at coffee shops; then, they go for swims, golfing, bicycling, work on their house gardens, go out to lunch with another set of friends, go shopping in the afternoons, or go fishing, go out to cocktail hours, dinners, dancing and finally to bed… (I am exhausted already) to start all over the next day.

So, what are you waiting for?  Come to Fort Lauderdale to UN-RETIRE.  If seniors get bored in Fort Lauderdale, it’s their fault.

John Bourassa, Realtor with RE/MAX Partners selling luxury homes and condos in Fort Lauderdale, FL.

Call my “Sell” phone (954) 529-5505

HOW DO I FEEL ABOUT REAL ESTATE IN FORT LAUDERDALE?

Tuesday, July 20th, 2010

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Real estate in Fort Lauderdale, FL is good this summer.  I don’t know how the rest of Florida or the United States are doing, except for what I read in the papers, but sale activities are still good down here mainly because prices of luxury homes and ccondos are so affordable and the interest rates on loans are excellent.

Call my “Sell” Phone (954) 529-5505

John Bourassa, Realtor with RE/MAX Partenrs selling Luxury homes and condominiums in Fort Lauderdale, FL.

EXTENDED, AGAIN, FOR NOW – YES OR NO?

Wednesday, June 30th, 2010

The United States House of Representatives has just passed HR 5623, the Homebuyer Assistance and Improvement Act of 2010, by a vote of 409-5.  This bill extends the deadline for closing tax credit eligible transactions from June 30 to September, 30, 2010.   The bill moves to the Senate where the outcome is much less certain.  The REALTOR(R) Association of Greater Fort Lauderdale will continue to update you as the events move forward.

HOME SELLING SUPERSTITIONS

Wednesday, June 9th, 2010

Trying to sell your house in this market, you’ve hired the best Realtor® in your neighborhood and six month later, your house still hasn’t sold.

Oh Shit!  What next?

There are several alternatives that many people revert to in hopes that maybe spiritual intervention may help boost the sale of their homes.

When all fails you can always seek a fortune teller,  have your tarot cards read, make voo-doo dolls of your neighbors and stick pins in them or just pray to the Allmighty for assistance.

There is, however,  a very popular mystical method consisting of burying the ol’ St. Joe (Saint Josep)  statue in the yard of the house you are trying to sell and it is supposed to bring you good luck and fast results.  

Lately, I have investigated that myth and interviewed a few people who believe in that miracoulous practice but it is uncertain about how it really works:  One common denominator in those stories is that every one agrees that the statue must be buried inthe ground but some say the statue needs to be buried head down facing the street;  some say the same thing but facing the house or on a strategic corner of the property; some say the head must be sticking out looking at the house (I have only seen some idiot dads bury themselves like that in the sand at the beach, though).  But many homeowner swear that it works – only if you are Catholic, of course – if you are a non-Catholic and you have tried that method of desparation and it works, it’s a good owmen and you’d better convert to Catholicism immediately. 

The other very popular method is based on the Chinese Spiritual Order Feng Shui.  It is believed that everything must have a charismatic spiritual order to bring perfect balance with our lives and with our surroundings.  Homes, for instance, arranging furniture a certain way will create harmonyand happiness in that house.  Placing flowers and burning incense in strategic areas in a house will bring good luck and ward off negative spirits.  And so on…

But, the very best way to sell your home quickly is to price it right to begin with. 

John Bourassa, Realtor®-Associate with RE/MAX Partners selling Fort Lauderdale, FL, Fort Lauderdale Beach, The Landings, Imperial Point, Coral Ridge, Poinsettia Heights, Wilton manors, Victoria Park, Las Olas area and Downtown Fort Lauderdale, the Seven Isles and Harbour Beach.

YOUR NEIGHBORS WILL TELL ON YOU…

Monday, June 7th, 2010

Often times home buyers are excited about purchasing a house, yet, they are also insecure.   When they like an area, they explore to study that  neighborhood hopefully to see someone out in the front lawn or walking and ask those persons questions.

Ironically, the neighbors you know also know you and when those neighbors are probed by strangers, somehow, neighbors are compelled to tell everything they know about their neighbors. 

Two weeks ago, I worked with a middle-aged couple down from Atlanta for a few days scouting to buy a house in Fort Lauderdale.   After two days exploring different locales, one house finally flirted with their eyes.  Instantly I could see that my buyers  felt so happy in that house.  I thought for sure we were going right back to my office to write an offer but, instead, the couple said “We’ll think on it overnight”.

As it turned out, the couple went back on their own to invstigate the neighborhood where that beautiful house stood.   Three houses down across from the house they saw a younger man washing his car in his driveway with his two pre-teen children playfully helping him.  The young man seemed trusting.  My buyers stopped, rolled down their car window and began asking questions about the neighborhood but leading toward specific questions on the house they liked.

The young man answered the questions as if he were testifying  before a grand jury.  That young father apparently was not happy with the neighborhood plus he gave a low-down  report on a couple of annoying neighbors.  Finally, he disclosed a shcoking truth about the house my buyers were inquiring about – the house has a severe leaking roof problem.

Later that evening, my buyers called me, saddened.  They decided against not only buying that house but also not to buy in that neighborhood.

They drove back to Atlanta the next day with a promise they will get back with me soon…

John Bourassa, Realtor® with RE/MAX Partners servicing Fort Lauderdale Beach, Coral Ridge, The Landings, Harbour Beach, The Seven Isles, Victoria Park, Poinsettia Heights, Downtown Fort Lauderdale and Las Olas area, Wilton Manors and vicinity.  Call my “Sell” phone (954) 529-5505.

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.

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

FLOOD INSURANCE BUYING DEADLINE

Tuesday, May 25th, 2010

Last month brought mass confusion and lengthy delays in closing because Congress delayed extending the National Flood Insurance Plan.  When they did reauthorize it, they only extended it through May 31st.  As of right now, the deadline stands as May 31st.  If you have any closings for early June which require Flood Insurance, have the buyers pay for their Flood Policy before the end of this month.  This should prevent any delays in closing should Congress delay re-authorizing the issuance of Flood Insurance Policies past May 31st – Better safe than sorry.

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.

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