Fort Lauderdale Real Estate Blog

johnsabia.com blog photo of loan document

You've just closed on your new home and have finished unpacking and begin to settle in. You pick up your mail and you find a notice letting you know that your mortgage has been sold on the secondary market and is being serviced by a new company. You are stunned and question If this allowed? Then you start to worry if the terms of your mortgage have somehow changed? You ask yourself Why would the lender sell my mortgage?

One of the many documents you signed up front during the mortgage application was a a document called Mortgage Servicing Disclosure. This document reports what percentage of the lender’s loans are sold off. Quite often, the majority of approved and funded loans approved by a particular mortgage company will immediately be sold to

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Yard care is a big consideration for many homeowners. Real grass is high maintenance, expensive to water and even more expensive to replace when it burns or damages as a result of bad weather or pests. As an alternative, artificial grass may be perfect for some homeowners. Below are some reasons for and against turf.

For: No Maintenance: Artificial grass does not need mowing, edging, sod replacement, seeding, or watering. Once you lay it down your done. You will need to vacuum from time to time.

Against: Initial Expense: Prices for turf can range from $8-14 dollars per square foot. You can find sales and deals, but, as the saying goes, "You get what you pay for!". The upside is you won't need to re-sod or re-seed it.

For: Long-term

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The numbers are in for the Broward County Real Estate Market Update for March 2019:

Single Family Homes

The number of closed sales for Single Family Homes in March 2019 for Broward County Florida was up by 17 sales (1.3%) with 38 less closed All CAsh sales (-12.6.1%) as compared to March 2018. The Median Sales Price was $7,000 higher (4.3%) and Median Days To Contract was 3 days shorter. The total inventory for homes for sale was higher with 452 more properties (5.4%). The total months supply was up slightly at 4.7 months which is below the six month threshold. most experts agree six months is the base line for a balanced real estate market. The 4.7 months indicates the single family market is still tilted towards sellers.

Condos & Townhouses

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Pet photo - www.johnsabia.com/blog

Pet Friendly HOmes Sought by buyers

One of the many reasons for Owning your own home is the opportunity to bring your four-legged family member along with you. A recent study by NAR (National Association of Realtors) found that a love for our pets, has had a significant impact on the home buying and selling process.

In 2018, more than 72 billion was spent on pets in the United States. William E Brown, NAR's President elaborated on the connection between pet owners and their property search.

Mr. Brown suggested, "It is important to understand the unique needs and wants of animal owners when it comes to home-ownership. Realtors® understand that when someone buys a home, they are buying it with the needs of their whole family in mind; ask pet

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Bay Bay Colony Fort Lauderdale

Bay Colony is an exclusive gated luxury waterfront community located in northeast Fort Lauderdale. 24-hour roving armed security offers assure privacy concerns. Estate homes here offer residents deep water access to the ocean.

A look at closed sales shows in Bay Colony, shows there was only 1 closed sale in recorded in October.

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
 35 Compass Isle 5/5 (2).5 2009 $4,4850,000 $4,400,000 10/19/18 123

What's your Home Worth? See a quick online Fort Lauderdale Property Valuation. We're happy to provide you with a more personal analysis of your home as well.

Homes For Sale In Bay

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www.johnsabia.com blog photo - Lauderdale By The Sea Florida

Lauderdale By The Sea Fort Lauderdale

Lauderdale By The Sea is a small, quaint beach community located just north of Fort Lauderdale, east of the Intracoastal Waterway and often referred to as the "shore diving capital of South Florida."

A market update during the month of October, shows that there were 3 Closed sales:

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
1936 SAILFISH PL 3/2 1960 $525,000 $500,000 10/05/18 8
270 MIRAMAR AVE 3/2 1957 $624,900 $600,000 10/16/18 3
232 CORSAIR AVE 4/3 1963 $850,000 $820,000 10/18/18 162

What's your Home Worth? See a quick online Fort Lauderdale Property

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www.johnsabia.com blog photo of Rio Vista Fort Lauderdale

Rio VIsta Fort Lauderdale

Rio Vista is one of Fort Lauderdale's oldest NEIGHBORHOODS that still reTains a vision of "Old Fort Lauderdale" with tree lined-streets and homes adorned with lush tropical landscaped yards.

A market update during the month of October, shows that there were 4 Closed sales including Lauderdale Harbors.

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
1241 CORDOVA Rd 3/3 1965 $650,000 $635,000 10/16/18 0
1209 se 11TH ct 3/3 1950 $799,000 $779,000 10/10/18 92
1216 se 11TH ct+ 4/2 (1) 1936 $1,399,000 $1,150,000 10/01/18 207
820 s rio vista Bl 4/2 (1) 1978 $1,375,000 $1,337,500
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www.johnsabia.com blog  photo of Sea Ranch Lakes Florida

Sea Ranch Lakes

Sea Ranch Lakes is a beach front gated community located just north of Lauderdale By The Sea Florida  that offers deep water, lake front and dry lot homes and a private beach front club house.

A market update during the month of October, shows that there was 1 Closed sale:

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
6 WINNEBAGO RD 4/4 1961 $1,295,000 $1,200,000 10/12/18 6

What's your Home Worth? See a quick online Fort Lauderdale Property Valuation. We're happy to provide you with a more detailed Market Analysis of your home as well.

Homes For Sale In Sea Ranch Lakes

Start your search here for Sea Ranch Lakes Homes For Sale. To

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www.johnsabia.com blog - photo of Las Olas Fort Lauderdale

Las Olas Isles Fort Lauderdale

Las Olas, nicknamed the "Venice of America" because of its finger canals and deep waterways is an upscale mostly waterfront community home to many of the world's largest and most expensive yachts. 

A market update during the month of October, shows that there were 6 Closed sales:

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
2617 Datura Ct 3/3 2004 $1,059,000 $1,000,000 10/22/18 143
2612 Alamanda Ct 4/3 1940 $1,220,000 $1,030,000 10/05/18 178
16 Pelican Dr 4/5 (1) 1978 $2,150,000 $2,150,000 10/05/18 0
625 Poinciana dr 6/7 1994 $2,850,000 $2,400,000 10/26/18
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