Ft Lauderdale Real Estate Review

Welcome to my blog. I have been writing articles for home buyers and home sellers in the Greater Fort Lauderdale area since about 2007. If you are thinking of buying or selling real estate you can find some helpful tips right here. If you would like to get them sent directly to your inbox just sign up below. 

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Jan. 12, 2018

1413 NE 4th Ct is Rented!

Victoria Park rentalOn Jan 10th my rental listing at 1413 NE 4th Ct was rented to new tenants. The property is located in the Victoria Park neighborhood of Ft Lauderdale. The owners are investors from out of state. They purchased it in Oct 2017 and I will be managing the property for them. 

The interior of the home was in near move in condition. The exterior had overgrown landscaping and needed the pool refinished, some new landscape lighting installed and general clean up done. I oversaw the project to make it ready for renters.

I listed the home for $3700 a month and it rented for $3600 a month, unfurnished.

If you own an investment property in Lauderdale by the Sea or the surrounding area let me help you find a quality tenant for it. I also offer complete property management services if you prefer not to be a hands on landlord.

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By Tom Day

You can reach me 954-895-2431

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Dec. 29, 2017

Just Listed - 1701 NE 27th Way Pompano Beach

I just listed an immaculate 4 bedroom home in the Harbor Village neighborhood of Pompano Beach.

Pompano Beach waterfront home for sale     Pompano beach waterfront home for sale  Pompano Beach waterfront home for sale

The home has 1995 square feet of living space and a 2 car garage on a waterfront lot with 71 feet of frontage on a canal with direct ocean access and no fixed bridges just 2 miles from Hillsboro inlet.

The home features:

  • 60 foot dock with new wood surface and 50 and 30 amp electric service
  • Aluminum standing seam roof
  • Impact resistant windows throughout
  • Tile and wood floors
  • Pool with automatic cleaner
  • Granite counter tops
  • 2 car garage

Listed at $824,900

See all the Photos plus a 3D Virtual Tour here.

Call me to schedule a viewing at 954-895-2431

Related:

Harbor Village Market Report

Buying a Pompano Beach Waterfront Home

Terrible Home Buying Advice to Avoid

 

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By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Dec. 23, 2017

1752 NE 3rd Terrace Apt 211C is Sold!

Hidden Harbors condoOn Dec 19th I closed a sale at 1752 NW 3rd Terrace, Apt 211C in Fort Lauderdale. It is a 2 bedroom condo in the Hidden Harbors community. I represented the buyer in this transaction. It was her first home purchase. Other recent sales in the building were between $147,500 and $168,000.

The condo featured wood floors and a water view. See the listing details and photos here. 

photo credit KW Realty

 

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By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Dec. 19, 2017

4556 N Ocean Dr Apt 4 is Rented!

Rental listing in Lauderdale by the SeaOn Dec 19th my rental listing at 4556 N Ocean Dr Apt 4 was rented. The two condo in the Ocean Apts building in Lauderdale by the Sea was listed for $1600 and rented for $1600 in just 19 days. The prior tenants had been paying $1500 a month. The unit was only vacant for 4 days total.  

If you own an investment property in Lauderdale by the Sea or the surrounding area let me help you find a quality tenant for it. I also offer complete property management services if you prefer not to be a hands on landlord.

 

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By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Dec. 19, 2017

4015 W. McNab Rd Apt 303D is Sold!

Windward Lakes investment propertyon Dec 15th my listing at 4015 W. McNab Rd Apt 303D was sold. The 3 bedroom unit in Windward Lakes was a tenant occupied investment property. It had been listed for $143,500 and closed for $139,000. Occupied investment properties tend to take longer to sell because showing the unit can be a challenge. Still it was on the market for only 68 before it was sold in an all cash deal.

The unit has rental income of $1500 a month. Windward Lakes in Pompano Beach has few rental restrictions and units tend to rent very quickly making it an attractive complex to invest in.

 

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By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Dec. 19, 2017

535 Oaks Dr Apt 105 is Rented!

Palm Aire rental on Oaks DrOn Dec 15th my rental listing at 535 Oaks Dr Apt 105 was rented. The two bedroom King model condo in Palm Aire Country Club was listed for $1250 and rented for $1250 in just six days. The prior tenants had been paying $1150 a month. The unit was only vacant for 15 days total.  

If you own an investment property in Palm Aire Country Club or the surrounding area let me help you find a quality tentant for it. I also offer complete property management services if you prefer not to be a hands on landlord. 

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By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Dec. 4, 2017

3051 N Course Dr Apt 602 is Rented!

Palm Aire RentalOn Dec 1st my rental listing at 3051 N Course Dr Apt 602 was rented. The two bedroom condo in Palm Aire Country Club was listed for $1250 and rented for $1225. 

The unit was on the market at $1250 for 14 days before it became leased to the new tenants. 

If you own an investment property in Palm Aire Country Club or the surrounding area let me help you find a quality tentant for it. I also offer complete property management services if you prefer not to be a hands on landlord. 

 

 

 

 

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By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Nov. 3, 2017

200 NW 29th Ct, Pompano Beach is Sold!

On Nov 2nd my listing at 200 NW 29th Ct was sold to a new owner. The 2 bedroom two bath home with a one car garage is located in Leisureville, a 55+ community in Pompano Beach. It had 1272 square feet of living space and no significant updates were done to the home.

The home was listed for $149,000. It was under contract in just 11 days. It sold for $150,000 and some credits were given to the buyer for closing costs.

If you have a home in Leisureville or elsewhere in Broward County please call me. My listings sell quickly and for top dollar.  

 

 

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By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Oct. 22, 2017

Just Listed For Rent in Fort Lauderdale 1413 NE 4th Ct

I have a new property under management in the Victoria Park neighborhood of Fort Lauderdale. The 1854 sf home has 2 Bedrooms, 2 Baths and a pool.

It was originally built in 1938 and has been totally renovated recently. It features:

  • high ceilings
  • gorgeous solid plank wood floors
  • Custom gourmet kitchen with high end appliances
  • Impact resistant glass 
  • Outside garden shower

   

The asking price is $3700 a month.

Call me for a tour at 954-895-2431.

 

By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Sept. 22, 2017

For Sale By Owner - Tips From A Pro Part 4 Closing Day

Part 4 Closing Day

All kinds of logistical problems can come up as you approach closing day. You may not know for sure whether the financing will come through for the buyer until the last minute. That can certainly make it difficult to plan for movers and the like. Hopefully that doesn’t happen. Always have a plan B. There are a lot of moving parts to closing a real estate transaction. Be prepared for delays. They are a commonplace occurrence. When problems arise keep your cool and focus on getting it closed. 

On closing day you should be out of the home and it should be at least broom swept clean. Make sure you can turn over two sets of keys including, garage door openers and keys to amenities if you live in a condo or HOA. 

If you got to this point, then congratulations! I hope I helped you save you some money. 

Estimating Net Proceeds 

At closing the title agent will have prepared a closing settlement settlement statement that will outline the costs for both the buyer and seller. It is commonly referred to as a HUD statement. You should ask the title agent for a copy well prior to closing. 

Below is a Net Sheet calculator for you to do a quick estimation of what your net proceeds will be after all the fees are deducted.  

Home Seller Net Sheet

Get an itemized print out of your seller closing costs for home owners in Florida. Just answer a few simple questions.

 

Keep in mind this is for estimating purposes only and doesn't include pro-rated taxes. That is a more complex calculation. When you have your home under contract you can request a HUD closing statement from the closing agent that will give you the exact amount. You can also ask the closing agent for a preliminary HUD statement if you are in the process of negotiating and need a more exact figure before signing contracts.

I’m Here to Help 

I am always happy to answer question you may have if you are selling your home on your own. Send me a request by email here. 

You may have also learned that it is harder and more stressful than it looks. Nine out of ten homeowners who attempt to sell their home themselves, fall short. In most cases, those that are successful end up selling to a relative or someone they know. 

I have learned something new with almost every sale I have completed and I’ve been doing this for 12 years. If you decide it is all too much and you live in Broward County, I hope you will get in touch with me. I would be more than happy to get your home sold for you. If you live outside my area I can refer you to a trusted agent in my network. 

FSBO Statistics 

  • FSBOs accounted for 8% of home sales in 2014. 
  • The typical FSBO home sold for $210,000 compared to $249,000 for agent-assisted home sales.

 FSBO methods used to market home: 

  • Yard sign: 42
  • Friends, relatives, or neighbors: 32%
  • Online classified advertisements: 14%
  • Open house: 14%
  • For-sale-by-owner websites: 15%
  • Social networking websites (e.g. Facebook, Twitter, etc.): 15%
  • Multiple Listing Service (MLS) website: 10%
  • Print newspaper advertisement: 3%
  • Direct mail (flyers, postcards, etc.): 3%
  • Video: 2%
  • Other: 1%
  • None: Did not actively market home: 25% 

Most difficult tasks for FSBO sellers: 

  • Understanding and performing paperwork: 12%
  • Getting the right price: 6%
  • Preparing/fixing up home for sale: 6%
  • Selling within the planned length of time: 18%
  • Having enough time to devote to all aspects of the sale: 6%

Related:

3 Steps to Getting Top Dollar For Your Home

How Long Should it Take To Sell a Home

What Does it Cost to Sell a Home in Florida?

 

By Tom Day

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!