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. 7, 2019

Thomas B Day, PA earns internationally recognized achievement for performance in luxury real estate

Thomas B Day, PA earns internationally recognized achievement for performance in luxury real estate

Pompano Beach, FL | January 7, 2019 — Thomas B Day, PA with Remax in Motion in Pompano Beach, FL recently earned The Institute for Luxury Home Marketing’s Million Dollar GUILD™ recognition for experience, knowledge, and expertise in million-dollar and above residential properties. Day is a Certified Luxury Home Marketing Specialist™ (CLHMS), an exclusive group of real estate professionals who have completed The Institute’s training and have a proven performance in the upper-tier market.

 “Agents who have earned the CLHMS designation are performing at the highest level in their community,” said Diane Hartley, president of The Institute. “It takes a superior level of service to be successful and consistently close sales at or above one million dollars. We want to recognize this performance, and give these elite professionals the earned distinction that they are the agent of choice for affluent buyers and sellers.”

The specialized training and ongoing membership with The Institute provide Day with the knowledge and tools to better serve affluent clients. The GUILD recognition provides evidence of the successful commitment to service at the highest level. “I am please to be recognized with this designation. Regardless of the price point I am committed to serving my customers to the best of my ability.” said Day.

Thomas B Day, PA has been in real estate since 2006 and specializes in homes and condos in NE Broward Counties cities of Fort Lauderdale, Pompano Beach, Lauderdale by the Sea, Deerfield Beach and Lighthouse Point. In addition to the CLHMS designation, Day is a Certified Distress Property Expert – CDPE, Certified Probate Real Estate Specialist and a past member of Remax 100% Club.

For more information about the luxury market in the Greater Fort Lauderdale area, contact Thomas B Day, PA with Remax in Motion at 954-895-2431 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Jan. 7, 2019

731 NE 13th Ave - Just Listed

731 NE 13th AveI just listed a 5 bedroom home with a pool in Old Pompano Beach. It is located at 731 NE 13th Ave. It is walking distance to Pompano Beach Elementary School, Pompano Beach High School, Pompano Community Park and The Pompano Beach Amphitheater. It features

  • 2201 SF of living space
  • Open floor plan
  • Tile and wood floors
  • Updated kitchen
  • Inground pool and a huge brick paver deck
  • 2 zone Air Conditioning
  • Security system

See all the photos and listing details here.

Offered at $339,000

Call 954-895-2431 to schedule a showing

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Just Listed
Jan. 7, 2019

3300 N Palm Aire Dr Apt 903 - Just Listed

Palm aire condo for saleI just listed this fantastic Penthouse unit in Palm Aire Country Club. This 2 bedroom unit has outstanding views of the Palm course and Ft Lauderdale in the distance. A $75,000 remodel includes marble floors, open kitchen with custom cabinets, quartz counter-top. 

Offered at $209,500

See all the photos and listing details here.

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Dec. 27, 2018

5 Must Read Books For Real Estate Investors

I have read a lot of books on real estate and real estate investing. Even in the books that I didn't think were worth mentioning I usually find one or two nuggets of information that proved to be useful. To save you some time here is my recommended read list for both beginner and seasoned investors. 

1. The Millionaire Real Estate Investor  by Gary Keller

The Millionaire Real Estate Investor

The title is a bit cheesy but this a very well written book by Gary Keller. He is one of the founding partners of Keller Williams Realty, one of the largest real estate brokers in the country. He has written several other books such as The Millionaire Real Estate Agent and The ONE Thing. A great book to help anyone be more productive.

2. What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli

What Every Real Estate Investor Needs to Know About Cash Flow removes the guesswork from investing in real estate by teaching you how to crunch the numbers like a pro, so you can confidently judge a property's value and ensure it provides long-term returns.

3. The Book on Estimating Rehab Costs by J. Scott

Know what you are getting into before you start making offers. The updated version is available beginning January 17, 2019. I just pre-ordered my copy.

4. The McGraw-Hill 36-Hour Course: Real Estate Investing, Second Edition by Jack Cummings

The McGraw-Hill 36-Hour Course: Real Estate Investing, Second Edition

Full of the basic fundamentals of real estate investing. Jack Cummings wrote another book I really liked titled Real Estate Finance and Investment Manual. It is hard to find in print anymore.

5. The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing! by Brandon Turner

This book with the really long title I found this one on a site called BiggerPockets.com. The author Brandon Turner runs the site as well. There is a wealth of information and networking opportunities to be found there.

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Investing
Dec. 4, 2018

When is The Best Time to Buy a House in Florida in 2020

Learn the best time to buy a home in Florida

When is The Best Time to Buy a House in Florida? In the past I have written about market timing from the sellers point of view.   It has been the most read article on my site for a long time. This is also a question on a lot of buyers minds apparently. So I thought I take a look at market timing from the buyers point of view.

I think there are really two different ways to look at the answer for buyers. Are you are hoping to get the best deal possible on your new Florida home or do you to want be shopping when there are the most listings and avalable choices on the market?

Active listings by month in Broward County

You can see by the chart above that in Broward County the most homes for sale were available in March and the least number of available listings were available in December. So if your focus is having the most choices then home shopping in late winter is probably your best bet. If you are from out of the area you couldn't ask for a better time to be in Florida than March.

What Does Days on the Market Means For a Home Buyer

If you hope to get the best deal your time frame will be different. I found a very interesting statistic in the Fort Lauderdale MLS. It is the ratio between the original list price and the closing price. Here is the ratio broken down by month for 2017.

Ratio of sales price to original list price in Fort Lauderdale

The spread from best to worst is pretty thin but on average buyers got a better deal in January than any other month and in August sellers got much closer to their asking price. I am really pointing out these statistics because it is a concern to buyers. However, I am not a big believer in market timing. If you are ready to buy, then buy. Real estate is a long term investment.  The edge you get by timing the market probably will be less than one mortgage payment and won't make much difference 10 years from now.

Market Report

Another reason these minor season fluctuations mean nothing is prices are rising steadily right now. If you wait six months or more for a more favorable month to buy, your savings could be wiped out by the natural appreciation occurring right now.  The bottom line is there is no time like the present. If you are ready to own a home in Florida the right time to buy is right now.

Related:

Here is Why You Should Make Offers on Over Priced Homes

Terrible Home Buying Advice to Avoid

What Should I Offer on My Next Home?

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Oct. 28, 2018

909 NE 12th Ave Pompano Beach - Just Sold

On Oct 26th my listing at 909 NE 12th Ave in Pompano Beach was sold. This is an unusual property and it is in very rough shape. It was originally built as a duplex. Some time ago it was converted to a single family home and then oddly enough is was converted back to a duplex, but was not done legally.

It was a challenge finding just the right buyer for this property. The new owner is an investor and will have a lot of work to do to make it ready for new tenants. 

The asking price was $259,000.

To learn what this property sold for text - 909NE12THAVE - to 954-866-5550 for an instant answer.

If you have a home in the area that you are considering selling, even one in rough shape like this, please contact me today at 954-895-2431.

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Just Sold
Oct. 24, 2018

Just Sold - 2617 Datura Ct

On Oct 22 2018 my listing at 2617 Datura Ct, Fort Lauderdale was sold. The 3 bedroom, 3 bath home has 2125 square feet of living space and a 4850 square foot lot. It was remodeled in 2015 and has limited views of the Intracoastal Waterway and Bahia Mar Marina.

The asking price was $1,059,000 if you would like to know what the home sold for text - DATURA - to 954-866-5550 for an instant answer.

If you are considering buying or selling in the area please give me a call today at 954-895-2431.

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Just Sold, Luxury Homes
Sept. 24, 2018

Just Sold - 10453 NW 2nd St Coral Springs

On Sept 24 my listing at 10453 NW 2nd St Coral Springs was sold. The 3 bedroom 2 bath home in Oakwood has 2128 sf with a pool and a huge back yard. The living area features high vaulted ceilings, update kitchen and bathrooms plus impact resistant glass.

It sold in just 20 days at a terrific price. The asking price was $449,000.

Text - OAKWOOD - to 954-866-5550 to see what this home sold for.

If you are considering selling your home I can get you similar results. Just call me at 954-895-2431 today.

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Just Sold
Sept. 22, 2018

Just Sold - 608 Gardens Dr Apt 204

608 Gardens DrOn Sept 12 my listing at 608 Gardens Dr Apt 204 Pompano Beach was sold. The 2 bedroom, 2 bath condo is located in the Gardens North community. I represented both the buyer and the seller in this transaction and it sold in just 3 days. This community has no rental restrictions and will be an investment property for the new owner. A new tenant will be moving in at the beginning of Oct. The asking price was $129,900.

Text - 608GARDENS - To 954-866-5550 to see what this condo sold for.

If you are considering your home in Pompano Beach please call me at 954-895-2431. I sell homes quickly and for top dollar.

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Just Sold
Sept. 21, 2018

Just Sold 605 Oaks Dr Apt 604

On Aug 31 my listing at 605 Oaks Dr Apt 604 was sold. The 2 bedroom unit had a new kitchen and most of the windows had been upgraded with impact resistant glass except for the sliding door. It had nice views of the Oaks course at Palm Aire Country Club. The asking price was $149,000 and it sold in just 23 days.

If you are considering selling your Palm Aire home please call me today at 954-895-2431. I have sold close to 40 units in the community. I can get your home sold quickly at for top dollar.

Text - BLD60 - to 954-866-5550 to see what this unit sold for.

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!