Fort Lauderdale Real Estate Blog

Short sales are becoming more and more popular as the real estate market in Fort Lauderdale continues in a slump. A Short Sale is a great opportunity for the Florida homeowner who can no longer afford their home to make a deal with their lender to sell for less than what is still owed on the loan. This is an opportunity for the homeowner to sell their home for less than market value and get rid of the monthly payment without having the negative impact on credit that a foreclosure has. While the Short Sale is often referred to as a pre-foreclosure it does not affect an individual the way a foreclosure does. Short sales don’t just benefit the Ft Lauderdale seller; they are also advantageous for buyers as well. Home buyers can purchase a home…
0 Views, 0 Comments

Depending on who you ask, real estate in Fort Lauderdale particularly the market for condominiums is not great right now, but the fact of the matter is that the condo market in Ft. Lauderdale is brimming with opportunities. When you take a drive around the area you will notice that there are luxury condos that are priced well below the market.In fact, if you would love a new condominium that is beautiful, spacious, close to restaurants and shopping, and also offers views of the water, you may want to consider the Downtown Las Olas area. This area offers beautiful opportunities such as Las Olas River House, Las Olas Grand, and 350 Las Olas. All of these condo communities will offer you something just a bit different but you can be sure that you’ll get…
881 Views, 0 Comments

The BankUnited Blacklist: What it Means for Buyers, Builders, and Lenders

Nu River Landing | Fort Lauderdale CondosMuch of the talk around the real estate water coolers the last few days has been about the BankUnited Blacklist. Most lenders have short lists of areas or properties that they will not lend to based on the merit of construction loans, the market, and other factors. But, the reason that the BankUnited lists stands out to most in the real estate world is because of its length. The exact number of properties on the list? 191. Two condos on the list are right here in Fort Lauderdale.

Buyers that are considering buying units in Nu River Landing, Q-Club Condo Hotel, or 189 other buildings mostly in Miami, shouldn’t turn to BankUnited for financial help as these are properties

1,127 Views, 0 Comments

Fort Lauderdale Condo Developer Files for Bankruptcy Protection

Strada 315 | Fort Lauderdale Condos - DowntownThe Strada 315 Condominium developer, Strada 315 LLC, has filed for chapter 11 bankruptcy in Fort Lauderdale, Florida. Official court documents state that the developer was unable to reach an agreement with their lender, Regions Bank. The developer was trying to strike a deal with the lender to extend a $34.8 million loan on the project. This came as a surprise to many because in the past two months the developer was able to sell 48 of the 117 condo units, significantly reducing its debt to Regions Bank by about $16 million.

Though things don’t look good for the developer right now, court papers also say that a good portion of the remaining units are under contract, and while

1,185 Views, 0 Comments

Don’t Let Great Condo Rental Opportunities in Fort Lauderdale Pass You By If you’re like a lot of renters you have been watching the rental prices of Fort Lauderdale Condos go up and then fall back down over and over again the last couple of years. Many renters are content to just sit by and watch the rise and fall of the housing prices. Yet, just when they are going to take action they watch the condo slip away either in a price that creeps back up or to another renter who got to it faster. There are a lot of condos for rent in Fort Lauderdale and instead of just sitting by and waiting for the right opportunity to fall into your lap or waiting for the right price to come along, why not search for it? Find the Perfect Property
972 Views, 0 Comments

Have a Question?

Contact Us

Follow Us