Fort Lauderdale Real Estate Blog

When searching for the property of your dreams, several options lay before you. Do you want to live in a single-family home, condominium, townhouse or co-operative? Do you want to mow the lawn and do general maintenance, or would you rather — with the help of your fellow homeowners — share this responsibility?

The last question can be answered in the affirmative if you decide a condominium or a co-operative residence is right for you. What is the difference between condominium co-operative, though? There are many differences other than just the legal definitions. {Of course, you should consult with a real estate attorney for legal advice or for questions on whether a condo or cooperative is right for you.}

In a housing cooperative (co-op, for

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We've just listed this stunning 5bedroom 3 bath pool home on the water with fabulous golf course views and breathtaking sunsets. An Open and spacious floor plan, featuring a triple split bedroom plan on one level, this spectacular home in the Edgewood community of Heron Bay is what you've been waiting for.

High ceilings - more than 13 feet. An open kitchen overlooking the family room with walls of glass looking out onto the water and across at the golf course. A huge master suite takes up the entire length of the house with plenty of closets and built-ins. Extra Large covered patio perfect for outside entertaining. Listed For Sale at: $839,000.

Heron Bay is a gated community in Parkland Florida offering residents 2 clubhouses, golfing, 12 tennis

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We've just listed this stunning 2 bedroom 2 bath corner condo for sale at Coastal Vista Condo on Riverside Drive; situated directly on the Intracoastal in Pompano Beach.

This spacious condo with 1700 square feet in total has been nicely renovated including hurricane impact windows. An open floor plan with lots of windows ensures plenty of natural sunlight. A gourmet kitchen equipped with top appliances. Tile flooring throughout. An oversized enclosed balcony accessed by the Living Room and Master Bedroom overlooks the intracoastal Waterway. Watch a daily parade of boats and yachts passing by and be dazzled by breathtaking sunsets. Coastal Vista Condo is a short stroll to the beach and close to shops and restaurants.
List Price: $359,999

Coastal Vista PatioCoastal Vista Condo - kitchenDining Room - Coastal Vista CondoLiving Room at Coastal Vista Condos
Pool at coastal vista condo
View at Coastal Vista condo
For more detailed

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Sonata Beach Club Condo - Pompano Beach, Florida

We just closed on this stunning mid floor Pompano Beach Condo for Sale at Sonata Beach Club Condo. An impressive condominium just steps to the sand with an ocean front pool and beach club. Featuring: 3 bedrooms, 2.5 baths with just under 2,500 square feet of living area. This stunning residence was recently renovated with Italian porcelain tile throughout and custom contemporary designed kitchen with all new stainless steel appliances. 

Impressive panoramic views of the Atlantic Ocean from the Living, Dining and Master bedroom. Two private balconies boasting beach and city views. Private elevator entry. Sonata Beach Club was built in 2007, and is a boutique condominium with just 64 private residences

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We've just listed a 3 bedroom 2 bath condo in Vizcaya Gardens at Palm Aire. High vaulted ceilings with an open and very spacious floor plan. Lots of windows allow for plenty of natural sunlight. A split bedroom plan and all bedrooms lead out to a screened in balconies. A well designed chef kitchen with adjoining dining and living areas are perfect for entertaining. A large lanai off master and living areas overlooking a peaceful natural setting. Vizcaya is a gated community inside Palm Aire. For more information, call me today at 954.850.2397.

photo of condo in Vizcaya Gardens at Palm Aire

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photo of dollar signAs many of our real estate transactions are with foreign customers, I wanted to make you aware of recent Changes to FIRPTA.

Changes to the Foreign Investment in Real Property Act (FIRPTA) will take effect beginning February 16, 2016.  Foreign nationals selling real estate property in the United States will see withholdings of 15% of sale proceeds (instead of 10%), if the amount realized (typically the selling price) exceeds 1 Million Dollars.

For Sales under 1 Million Dollars and over $300,000, AND the buyer will occupy the property as a residence, the withholding remains at 10 percent. For Sales under $300,000 AND the buyer will occupy the property as a residence, no funds need to be withheld.

These new changes were signed into law at the end of

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According to a recently released report from Freddie Mac; the December Insight & Outlook, which focuses on the strength of the housing markets’s recovery and what expectations are for the coming year, findings show the overall economy has significantly recovered from the financial crash.

With declines in unemployment figures, stable growth in the economy and a bolstering housing market, both the overall economy and residential real estate market have achieved significant gains and the forecast into 2016 looks very promising. However, the report also warns that these very same economic gains could also start to create trouble for possible home buyers looking to buy homes for sale and condos for sale, as ascending mortgage rates and rising home prices

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According to the latest Fannie Mae quarterly Mortgage Lender Sentiment Survey which asks mortgage professionals to forecast their predictions for the coming months, predictions are that credit standards will continue to soften, which is good news for prospective buyers looking to buy a home for sale or condo for sale in the near future.

Fannie Mae’s senior vice president and chief economist, Doug Duncan believes more credit available should assist buyers who have been affected by negative affordability conditions. Mr. Duncan said, “Several factors point to constrained housing affordability in 2016, particularly for first-time home buyers, including slow single-family supply response and limited inventory of starter homes on the market, strong

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When it comes to purchasing a home for sale or condo for sale, one of the largest obstacles for many potential home-buyers; particularly younger buyers, is whether or not they have enough money in their savings for a sufficient down payment.Younger buyers in most cases have just started working, are saddled with student debt and haven’t had time to build up a nest egg.

A recent study conducted by Hanley Wood Data Studio looked at median household incomes as well as median home prices to see how long certain age groups may have to wait before they’ve saved enough money for at least a 10 percent downpayment on a purchase.

According to the study, as expected, 18-24 year olds will have to wait the longest. This age group on average should expect to wait

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