All posts tagged: Oakland Park realtors

43 Urban Village Live + Work New Construction

911499_120043 Urban Village Live + Work New Construction

 

written by: Frank Vigliotti, Realtor®, Global Sales Associate

Henri Frank Group at ONE | Sotheby’s International Realty

 

 

Fort Lauderdale – Oakland Park, Florida, home of the 43 Urban Village, listed among the top 10-small American cities of the future.

 

43 Urban Village is a ground breaking LIVE+WORK community located in the city of Oakland Park, on the Fort Lauderdale along the coastline beaches of Broward County Florida. With its unique amenities and location, this brand new community adds to the mix, the natural beauty of South Florida. The new 43Urban Village development is attracting tremendous attention and interest.

 

Recently, the FTI Magazine by annual ranking of cities in the Americas highlights another benefit to living at 43Urban village: Fort Lauderdale is a listed amongst the top 10-small American cities of the economic potential and its bi-annual rankings report for 2013/14. Fort Lauderdale Mayor Jack Seiler said, “this ranking by FTI magazine serves as an international recognition of the city of Fort Lauderdale that we are continuing to move forward on the right track. The cities sound fiscal management, progressive economic development initiatives and long-term infrastructure investment strategies have created a high level of optimism that is triggering billions of dollars in private and public investment. ”

 

In addition to its location and top ranking of a US city, 43Urban Village boasts numerous amenities and lifestyle perks, including pedestrian-friendly neighborhood. The combined living and working spaces that allow for a zero commute lifestyle, the building design for more energy efficiency, the proximity to shopping and services and the bus lines less than a block away. Architectural and design features include 9’8″ ceilings on all levels, 8 foot interior and exterior doors, bamboo wood floors (optional) on first and second floor and oversize loft style hurricane protected PGT windows.

 

43Urban Village is constructed in this urban area, with wide-open space and providing an popular alternative to suburban sprawl. The combined Live-Work model makes the best use of scarce resources here in South Florida, land. The 43Urban Village live + work lifestyle promotes the most environmentally friendly way to run a business in the work space and a lifestyle for 2014 and into the future.

 

Henri Frank Group at ONE| Sotheby’s International Realty Fort Lauderdale office, are the exclusive listing agents for 43 Urban Village. They extend their business experience, knowledge of the South Florida real estate market and outstanding personal service to its clients.

 

As the fastest growing luxury real estate brokerage firm in South Florida, ONE Sotheby’s International Realty has nine offices in Fort Lauderdale, Coral Gables, Miami Beach, Bay Harbor Islands, Sunny Isles, Brickell and Key Biscayne. In addition to its luxury brokerage division, the firm also boasts a development sales division, representing some of South Florida’s most successful and prestigious condo developments. For more information, visit www.onesothebysrealty.com

 

For more information about this ground breaking new construction project, 43 urban Village, please call, email or text us at (954) 604-9999, or visit us on the web, http://henrifrank.com/43-urban-village/

 

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Royal Park Condominium in Oakland Park Florida For Sale

Royal Park Condominium in Oakland Park Florida For Sale

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Tucked away 1/4-mile from the Wilton Manors city line and only 1-mile to Wilton Drive is the popular Royal Condominium community. It’s neighbor to the east is Easterlin County Park owned and operated through the Broward County Parks and Recreation department.

 

The Henri Frank Group, Henri Vezie, Frank Vigliotti and Dyannah Callista present an updated two bedroom two bath condominium with a screened in balcony. A canal fed by the northern fork of the Middle River surrounds this gated community.

 

Enjoy the waterview and the heavily tropical wooded Easterlin Park from your balcony. Building 101, one of the most sought after buildings in the Royal Park community is where this unit 2B that is located.

 

There are a long list of features in this updated Condominium.

 

The kitchen has a tray ceiling, accent lighting, newer stainless appliances, newer carmel stained kitchen cabinets, unique swirls in the marble granite countertops, slate backsplash that ties into the flooring and enough space for a cafe table & chairs.

 

The bathrooms have been remodeled with special touches. The tub & shower hardware, the lighting & mirror above the vessel sink & custom wooden vanities just makes this unit perfect.

 

Bedrooms each have a private tub-shower bathroom, ceiling fans & large walk in closets. You need space for your king size bed? No problem here, the master bedroom can accommodate a king size bed with side tables & a dresser.

 

Slate flooring, 18X18″ tiles in the main areas & the balcony that ties the space together. The travertine marble in the second bath room is a nice touch.

 

The usual wall from the kitchen into dining area has been opened wide for a feeling of an open space design. Lots of storage space and a tankless water heater.

 

The association of Royal Park community provides a long list of amenities for you to enjoy. An updated clubhouse with a large lecture room or for a party. An updated fitness center with a steam room, showers & lockers. There are barbecue & picnic areas throughout the property along with three heated pools lined with pool & patio furniture.

 

Remember this is a gated community with 24 hour, seven day a week security and a check in system at the main entrance. For additional security there are security agents roaming through the community at night for your protection.

 

Need to wash your vehicle? Well, here at Royal Park there is specified vehicle wash stations for your convenience that is included in the monthly condominium charges.

 

A laundry facility at each building is provided for your convenience. Full load washers & full load dryers are available for your use and the charges are minimal.

 

Driving through this community it is evident that much time & much effort is spent on maintaining the grounds. Gorgeous trees, shrubs, bushes and flowers are planted all throughout Royal Park & maintained by a meticulous full-time staff paid by the Association. They even make sure the exterior buildings & walkways are power washed & well-maintained, always looking fresh and clean.

 

All of these wonderful amenities are included in the monthly condominium association fee. But that’s not all, here are all of the amenities that are included that you may used to be paying while living in a single family home. This condo Association provides the following:

 

Master insurance for public liability, fire, theft and wind storm coverage for any possible damage caused by a hurricane plus flood insurance coverage if there is any damage to the community caused by a flood. With this package of master insurance your investment is properly protected. All you must do is insure the inside four walls of your unit. Policies are available through local insurance brokers which includes the contents. Depending upon your coverage & deductibles you choose, policies can be purchased at very low cost to you.

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Other amenities:

 

  • Water, trash and sewer
  • The landscaping
  • Exterior maintenance of the building, walkways & driveway parking lot
  • On-site management
  • 24–7 security
  • Professional pool service to keep those areas well-maintained & safe at all times
  • The clubhouse is maintained and kept clean as well as the picnic barbecue areas

 

 

This renovated turn-key 2- bedroom, 2- bath Condominium has it all. The best price, the best location, the best view, the best renovations and available for a quick sale.

 

Priced only at $119,900, this property will sell quickly. The environment right now in the real estate market has changed much over the years. Here we are in the summer 2014 with very small number of properties for sale. Especially those that are being offered below $120,000. The units and Royal Parkland man’s are selling just as quickly as they are listed. We at the Henri Frank Group believe with the space of the condominium, the fabulous updates and upgrades along with its location within the community this is a steel deal.

 

Hurry, even if you’ve been thinking about purchasing a condominium in this area of Broward County contact us through email at info@henrifrank.com or by calling or texting us at 954-465-6615. We will make arrangements for a private preview of this property that fits into your schedule.

 

Financing is available to purchase this unit. The Henri Frank Group works closely with Lynn Whitefall, Mortgage Banker & Brand Manager at Supreme Lending. There may be options specific for you, but you have to contact Lynn to get more information. The Realtors of the Henri Frank Group, Henri Vezie, Frank Vigliotti & Dyannah Callista, always insist that buyers needing finance start with meeting with a lender to determine whether they qualify and if so, what is the amount you can spend on a property purchase.

 

Lynn Whitefall can be contacted at (754) 245-3003. Or by email at lynn.whitefall@supremelending.com

 

Visit the Henri Frank website for information about the loan process and mortgages.

Click here for more information:     

http://www.henrifrank.com/reference-center/mortgages-your-payment/

 

 

Follow us on FACEBOOK:  http://www.facebook.com/henrifrank

 

Follow us on TWITTER:  http://www.twitter.com/henrifrankgroup

 

Follow our GOOGLE Posts:  https://plus.google.com/u/0/+FrankVigliottiPA/posts

 

 

Royal Park Condominium in Oakland Park Florida For Sale

 

Mru_9

 

 

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Buying Real Estate Broward County Florida

Realtor at REMAX Preferred in Fort LauderdaleBuying Real Estate in Broward County Florida.

 

Thinking about buying? Are you not convinced that this is the time to make the move?

 

written by: Frank Vigliotti, Realtor, ABR, CDPE, PA

July 25, 2014

 

I know there are all sorts of water cooler talk out there. Some are saying there is another balloon being created, while others are saying interest rates are too high. I found this article in the Miami Herald that I want to share with you. It does a good job at reporting the Broward County Real Estate Market,

 

http://www.miamiherald.com/2014/07/22/4247974/broward-home-sales-prices-rose.html

 

Call us at the Henri Frank Group and we can set up a consultation. 954-604-9999 or email at info@henrifrank.com. We can point out the pros and the cons for homeownership. Although I know the list of positive things to consider will outweigh the negatives. Frank Vigliotti, Dyannah Callista and Henri Vezie, Realtors of the Henri Frank Group are available anytime to schedule a time to meet with you. It is time to discover the market and find out the truth’s about buying a property in Broward County, or anywhere throughout South Florida. We have sold hundreds of properties and will bring that experience with you.

 

Visit us at our Wesbite:   http://www.henrifrank.com

 

Follow The Henri Frank Group on

FACEBOOK:  http://www.facebook.com/henrifrank

Twitter:  http://www.twitter.com/henrifrankgroup

Pinterest:  http://www.pinterest.com/Frankvigliotti/

 

 

 

 

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Brand New Construction in Florida

Brand New Construction in Florida         43Urban Village Exterior Front          

                                                                            

Ten years ago the Community, 43Urban Village was only a dream. Now in 2014 there are homeowners living inside this 15-unit boutique complex of townhomes. Phase 1 of the 3-phases is now complete. Phase-2 is being built and is projected to be complete by October of this year.

 

Entrepreneur, contractor, developer and President of IDI Urban Developers, Robert Saporiti, a Broward County native has defied all odds of even getting 43Urban Village off-the-ground. Lender after lender had closed their doors when Saporiti hit the road to getting financing for this housing project. The remnants of the 2007 National and Local mortgage crisis had hit its toll on the real estate market and was still lingering in 2013 even though the economy was improving, especially new construction sales.

 

That didn’t stop Saporiti from knocking on doors even though there were consistent rejections for the financing. To overcome the hurdle, in 2012 he assembled a team of professionals in the business that would assist him to making this dream a reality. Asking real estate brokerages to be a part of the team became another challenge. Nearly all Realtors were hesitant to join his team, they too had been impacted by the real estate crisis and rejected what Saporiti had to offer, an opportunity to market, advertise and sell brand new construction in Fort Lauderdale-Oakland Park area.

 

However, things started to look-up and move in the positive direction. Saporiti had a Real Estate Consultant on his team who helped guide him through the process. They then called the Henri Frank Group brokered by REMAX to help kick-off the new construction project and a relationship had been born. Now there were sub-contractors, a builder, an architect, and real estate professionals surrounding him with a commitment to his project.

 

But still, the financing was a struggle and the most challenging part of the project. However, it wasn’t going to stop Saporiti from moving forward. Marketing campaigns began, social media campaigns, magazine print ads and online advertising was in full swing, as the financing was founded. Vice President of Community Banking and Lending of PNC Bank had agreed to support the 43Urban Village project.

 

Was it timing, was it the mortgage climate improving, was it the team Saporiti had assembled? I believe it was all of these factors. PNC saw an opportunity to contribute to the business community as they were developing their business throughout South Florida. The Henri Frank Group saw an opportunity to work with a professional developer and expand their portfolio of clients and properties sold.

Today, July 4th, 2014, homeowners are getting settled into their brand new homes. Contractors and construction workers continue to be employed as they work on completing Phase 2. The Henri Frank Group continue their marketing and advertising campaigns and selling unsold units. What was a dream in 2005, has become a reality for Robert Saporiti.

 

The Sales Center for 43Urban Village has moved from the Wilton Manors Henri Frank Group office and onto the site. Contact us for a preview of completed units and all the information about buying a townhome at 43Urban Village. Call or text, 954-604-9999 or email us, info@henrifrank.com.

 

Visit the 43Urban Village FACEBOOK Page:  https://www.facebook.com/43urbanvillage

 

For Daily updates and to get a FREE Package of Information visit:  http://www.henrifrank.com/43-urban-village/

 

Follow us on TWITTER:   https://www.twitter.com/HenriFrankGroup-43UrbanVillage

 

 

 

IDI Urban Developers

Robert Saporiti, President

4309 NE 1st Terrace

Oakland Park, FL  33334

(954) 224-5767

illdoitinc@aol.com

 

 

Henri Frank Group

Frank Vigliotti, PA, Founder, Realtor

2166 Wilton Drive

Wilton Manors, FL  33305

(954) 604-9999

Frank@HenriFrank.com

 

 

Henri Frank Group

Dyannah Callista, Realtor, Marketing Director

2380 E Oakland Park Boulevard

Fort Lauderdale, FL  33308

(954) 830-1454

dyannahc@gmail.com

 

 

 

 

43Urban Village in Oakland Park

written by:   Frank Vigliotti, PA, Realtor, Henri Frank Group

July 4, 2014  

 http://www.henrifrank.com/real-estate-news/brand-new-construction-in-florida

 

 

 

 

 

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3541 NW 5th Ave Oakland Park Wilton Manors Realtors Henri Frank Group

3541 NW 5th Ave Oakland Park Wilton Manors Realtors Henri Frank Group

 

The Fort Lauderdale Real Estate Market is improving. The number of properties available for buyers to consider has dwindled from a 28-month inventory of homes, condominiums, townhouses and villas here in South Florida to a 4.5-month low. Fort Lauderdale Realtors of the Henri Frank Group brokered by RE/MAX Preferred has enjoyed successes during first quarter 2013.

Wilton Manors Oakland Park Realtors Henri Frank Group

 

A single family home in Oakland Park, just north of Wilton Manors, in the subdivision of Lloyd Estates was under contract in only 5-days. A 3-bedroom, 2-bath single family home with a 1-bedroom, 1-bath cottage, pool, beautiful mature tropical landscaping surrounds the property for a Key West style home with an updated kitchen and bathrooms, wood and tile floors was a favorite of East Broward County buyers.

 

Located at 3541 NW 5th Avenue and 36th Court, listed for $339,900, listing agent Dan Obrian with the help of the team, Henri Vezie and Frank Vigliotti bought a sale to the seller. Dyannah Callista’s creative marketing and advertising also helped with this sale. Listed on real estate websites, the multiple listing service, the RE/MAX International website, social media like TWITTER, FACEBOOK, PINTEREST, LINKEDIN and an OPEN HOUSE aside from the dynamic of the Henri Frank Group SOLD this property. In our last BLOG article, “8-TIPS TO A SUCCESSFUL OPEN HOUSE,” the steps were followed and not only a successful OPEN HOUSE but ultimately what the seller hired the Group to accomplish, a sale.

 

The Henri Frank Group at RE/MAX Preferred has Realtors who are committed to their residential and commercial buyers, sellers, investors and renters. Using the 100-Step Process to a Successful Real Estate Sale, the Group applies their knowledge, skill and team approach to serving their clients. Meet the members http://www.henrifrank.com/meet-henri-frank.php
For a FREE comparative market analysis of your South Florida property and a consult about selling and or buying in the 2013 Real Estate Market, contact us today, http://www.henrifrank.com/contact-us.php

 

Henri Frank Group Realtors RE/MAX Preferred Wilton Manors Sold by the Henri Frank Group at RE/MAX Preferred in Fort LauderdaleHenri Frank Group at RE/MAX Preferred in Fort LauderdaleRE/MAX Preferred in Fort Lauderdale the Henri Frank Group

http://henrifrank.com/real-estate-news/3541-nw-5th-ave-oakland-park-wilton-manors-realtors-henri-frank-group

Follow our Real Estate Blog for updates on Real Estate News, Tips for Buying and Selling Real Estate and More about South Florida, Broward County, Miami-Dade County and Palm Beach County.

To be notified of our listings as they get listed, please sign up for our NOTIFICATION SYSTEM, it’s FREE!  http://henrifrank.com/asn.php

 

 

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Henri Frank Group Remax Preferred | Fort Lauderdale Miami Realtors

Frank Vigliotti, Realtor, CDPE, PA, Henri Frank Group, Remax Preferred

Frank Vigliotti, Realtor, CDPE, Blogger, PA

Henri Frank Group Remax Preferred | Fort Lauderdale Miami Realtors

Real Estate Buyers Warning: Sellers Market in 2013?

written by: Frank Vigliotti, Realtor, CDPE, Blogger, PA

 

The Henri Frank Group brokered by RE/MAX Preferred in Fort Lauderdale, Wilton Manors, Plantation and Hillsboro Beach serves buyers, sellers, renters and investors throughout the South Florida region of the USA. Clearly the real estate market is showing signs of recovery all across the nation. Here in South Florida, including Broward County, Palm Beach County and Miami-Dade County, the real estate market was one of the first to be effected by the mortgage crisis.

 

We believe our market here in South Florida began to see a strain from the market high of 2004-2005 once the hurricane Wilma hit the region in late 2005. Homes in Fort Lauderdale, condominiums in Wilton Manors and in Plantation began to stabilize and in some cases a 3%-5% decrease in values. Some would say it was a market correction that was needed in Florida. The 300%-400% increases couldn’t continue to sustain in the area. Unfortunately, shortly after the market correction came the mortgage meltdown. The time between the start of the market correction and the mortgage meltdown, because buyers weren’t seeing net gains that they enjoyed for three to four years, began to slow down on purchasing. It became harder for the buyers to assign preconstruction contracts which yielded high gains quickly with small cash investments.

 

Realtors, mortgage brokers and other professionals in the real estate business began to be effected by this downward trend while the northeast and northwest continued to see gains in the values of their real estate. By the time October 2007 came and then, President Bush declared an official mortgage crisis and economic recession in the USA, Florida had been experiencing the symptoms for more than a year prior.

 

Henri Vezie and Frank Vigliotti, founders and principals of the Henri Frank Group were in the real estate market and recall there first client who qualified for a short sale was in late 2006. From that time until 2009 was month over month declines in the market. Starting in late 2010 the Group began to see more movement of inventory and slight gains in values. By 2011, appraisers began to change the market condition question on each appraisal from a declining market to a stable market. Remembering when the Fannie Mae Appraisal was at a increasing market to stable market, when it was downgraded to declining. It was clear the market had started to hit bottom and this bottom would be long, deep and dramatic declines in value would exist.

 

The good news heading into 2013, the market continues to recover. Here in South Florida, USA, the values are climbing consistently month after month. The amount of inventory, remembering back when in 2009 there was 29-months of homes to sell, is now less than 6-months and declining. And with these market conditions, comes some news for the buyers.

 

Prospective home buyers across here in Fort Lauderdale, Miami Beach, Boca Raton and all across the United States have begun to experience an element they haven’t witnessed in the housing market for quite some time, opposition from contending buyers. With homes more affordable now than they’ve been in some time and record-low mortgage rates, potential home buyers are ready to make that investment. These eager buyers have realized that there are many more buyers searching for bargain properties.

 

This influx in the amount of buyers has caused bidding wars to become a more casual occurrence, especially since the inventory of homes for sale on the market has tightened nationwide. Jimmy Cunningham, a real estate agent of the Henri Frank Group at RE/MAX Preferred believes that buyers have to shift their perceptions regarding market conditions. He also went on to state that many potential buyers believe that they can still get away with making low offers and seeking financial assistance with closing costs as well. With such a competitive market, buyers must be ready to make a practical offer and be capable of covering their own closing costs.

 

First-time buyers and inexperienced buyers in search of properties in this competitive market can get assistance from real estate professionals in order to prepare themselves. Buyers are now being required to undergo a mortgage-approval process and acquire financing prior to searching for the ideal home. This will essentially put the buyers in a better position than other potential buyers who may be interested in the same property as other buyers.

 

Lynn Whitefall, Mortgage Originator and Branch Manager at GoldStar Financial relayed how significant it is for buyers to locate reliable financing and the ability for her to supply the buyers with an approval letter prior to them locating the home they have intentions of buying. The updated approval letter should embody the street address of the home and the precise amount of the offer in order to seal the deal. Lynn Whitefall also indicated that it’s extremely important that buyers have their finances in order to cover the down payment and deposit on the spot if needed. Some buyers have a tendency of relying on funds tied into stocks or checking accounts that may take some time to withdraw. Lenders recommend that buyers have the appropriate funds readily available in one account in order to speed up the closing process.

 

Dedicated and proactive buyers may have the opportunity to get a home inspection completed prior to making an offer which may eliminate the home inspection process after offer. Some real estate agents have begun to correlate the cutthroat housing market to the act of dating. Standing out from the crowd in this competitive housing market takes charm and thoroughness.

 

“You need to win on both looks and personality,” says Robin Passman, a Realtor with the Henri Frank Group at RE/MAX Preferred in Fort Lauderdale, Fl. “The personality part is the fundamental issue of financing and down payment, but the looks part doesn’t cost you anything. It can be as simple as making sure there are no mistakes in your contract. If there are mistakes or missing items in your offer, you don’t look like a serious buyer.”

 

Buyers need an aggressive, knowledgeable, full time Realtor to represent them. The Realtors of the Henri Frank Group all have these skills and have been successful in closing nearly 100-transactions in the past 12-months. Be sure if you want to succeed at purchasing a home in Fort Lauderdale, condominium in Miami or townhome in Wilton Manors, select a Realtor who can represent you and get you the property you want to buy. It’s 2013 and your Buyers Agent must understand the “new” Real Estate Market and how to accomplish the goal, “purchasing a home or condominium.”

 

Contact the HENRI FRANK GROUP at REMAX Preferred if you are interested in buying a home in South Florida. We service all of the area with specialties in Single Family Homes, Multi-family Homes and Condominiums in Wilton Manors, Single Family Homes in Oakland Park, Townhomes in Fort Lauderdale and Villas in the area. We are also located in Hillsboro Shores and Plantation, Florida to best serve our buyers of homes and sellers of their properties.

 

Go to our website for more information: http://henrifrank.com/

The Henri Frank Group at Remax is SOCIAL:

FACEBOOK:  http://www.facebook.com/henrifrank

TWITTER:  http://www.twitter.com/henrifrankgroup

YOUTUBE:   http://tinyurl.com/dyypl84

Google+ :  https://plus.google.com/u/0/stream

Pinterest:  http://pinterest.com/henrifrankgroup/

LinkedIn: www.linkedin.com/pub/frank-vigliotti-realtor-pa-cdpe/26/555/668/

Email us at info@henriFrank.com

Subscribe to our Real Estate Blog: http://henrifrank.com/real-estate-news/

 

 

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Henri Frank Group Remax | Miami – Fort Lauderdale Realtors

Fort Lauderdale realtors sells Fort Lauderdale Homes

Miami – Fort Lauderdale – Wilton Manors Realtors

Henri Frank Group Remax | Miami – Fort Lauderdale Realtors

Top Economists Agree Fort Lauderdale Real Estate Market Recovery is Underway

 

Many of the top economists in the United States recently gathered at the Florida Realtors 2013 Real Estate and Economic Forecast Conference  in Orlando. Many of these experienced analysts agreed that Florida’s residential real estate market is projected to continue on a positive trend throughout the year of 2013, even if the rate of recovery is slower than that of the United States as a whole. A chief economists for the Florida Realtors firm shared that the housing market in Florida is recovering and will provide beneficial circumstances but has only began to show signs as of yet.

 

The Henri Frank Group brokered by RE/MAX Preferred, lists, sells, assists buyers and renters in Fort Lauderdale, Miami, Wilton Manors, Oakland Park and all throughout the South Florida region. Our experience at the start of the 2013 selling year, more buyers and less listings, which speaks to the basic economic theory of supply and demand. Real Estate in South Florida, like single family homes in Fort Lauderdale, condominiums in South Beach Miami are enjoying a recovery stronger than other parts of the State of Florida. With the influx of International buyers, buyers with cash to buy in South Florida, totals up to a stronger than expected recovery.

 
The REALTORS® of the Henri Frank Group are encouraging their buyers who are hesitating to buy now to consider a change in their strategy. The mortgage rates remain at a historical low for those who are using financing, the inventory although less than it has been in the past 60-months is still out there to buy in Fort Lauderdale, buy in Miami Beach, buy in Wilton Manors or Boca Raton. All of this adds up to the time to buy a South Florida home, condominium, townhome, villa or multi family property.

 

Additional speakers at the Florida Realtors 2013 Real Estate and Economic Forecast Conference included Fannie Mae’s senior vice president and chief economist, Doug Duncan, California Association of Realtor’s vice president and chief economist, Leslie Appleton-Young, as well as Appraisal Group MidFlorida LLC’s Pat Reass who practices as a state-certified residential real estate appraiser in the city of Winter Haven, Florida.

 

Fannie Mae’s Vice President and chief economist Doug Duncan stated that the firm considers the housing market of the United States to be on solid ground and that most of the rehabilitation in the housing market can be accredited to the increase in the supply of properties. Duncan shared that the amount of distressed properties in the United States has decreased from roughly 5 million to about the 3 million mark. He also predicted that mortgage rates should remain relatively low throughout the year of 2013 and will not change a lot as well as lenders continuing to enforce higher standards regarding borrowing and penurious credit conditions.

 

Mr. Duncan indicated that the progression for the recovery of the housing market is unshakable and that massive growth is soon to come, creating more employment opportunities and building a more stable economy as a whole. Duncan uncovered that the United States is three years into the rehabilitation process and that today’s economic expansion is the most vulnerable it has been since World War 2. He justified this by sharing that only a little more than half of the jobs that were lost during the Great Recession have been regained as of now.

 

Based on data from the National Association of Realtors, the Florida Realtors Firm and other reputable sources indicated that the real estate market hit rock bottom in 2008 and has since early 2009, been showing signs of rehabilitation and eventually a full recovery. Average sales prices for homes have continued to increase for both condo-townhome units and existing single-family residences throughout the state of Florida. The large amount of active foreclosure properties and short sales properties (distressed properties) in the state of Florida has lead to lower returns and a slower rate of sale in comparison to levels present in the state of California and the rest of the  United States.

 

Fort Lauderdale Pool, Garage, single family home

Completely Upgraded Home in Fort Lauderdale

Tuccillo’s Notable Indications of Florida’s Continuously Developing Residential Market

 

  • The month’s supply of single family properties has fallen below the 6 month mark.

 

  • The most recent data from October of  2012 shows that 44% of closed home sales were cash offers which is a definite sign of a massive demand from real estate investors.

 

  • Per October 2012’s data, foreign buyers made up 19% of Florida’s closed sales Non-Distressed (traditional) property sales account for more than 50% of Florida’s closed sales.

 

  • Florida’s closed sales are made up of less Real Estate-Owned (REOS) properties and more short sales.

 

  • Although shadow inventory has continued to fall since 2009, it still remains a crucial element in the progression of Florida’s housing market as the state of Florida is a judicial foreclosure state which means that all foreclosures must go through a drawn out court process.

 

In comparison to the state of California’s and the United States as a whole, the continuous recovery noticed in Florida is just a confirmation that the housing market in the United States is slowly but surely recovering. Recent data from the latest National Association of Realtors (NAR) report displays an increased in closed sales and sale pricing soaring as well.

 

California Association of Realtor’s vice president and chief economist, Leslie Appleton-Young shared that she believes that the low supply of inventory has proven to be a difficult notion for many regions of the United States, including Florida and California. She indicated that there aren’t nearly enough properties for sale on the market when there are so many investors searching for bargain homes. Investors that make cash offers on properties account for 29% of closed sales in the state of California and 25% of the United States’ housing market as a whole.

 

Appleton-Young has coined the year of 2012  as “the return of the traditional seller to the marketplace” and with good reason since in the month of October 2012, 63.4% of California’s total home sales were from traditional or equity sales. Vice president and chief economist Leslie Appleton-Young shared that the current month’s supply of current single-family homes in the state of California is 3.1 months.  In comparison, the state of Florida is still facing many complications with lenders regarding strict credit requirements, but these issues are being handled at a quicker rate which has had an effect on the rising prices in the state.

 

Leslie Appleton-Young expects the rising demand for housing in the United States in 2013 to be partly met by the increase in new residential units being built but not enough to meet the concentrated demand of waiting buyers.

 

What will the housing market in Florida bring in the year of 2013?

Tuccillo projects that If the financial issues of the United States has not been resolved and are put on the backburner, employment opportunities in Florida will increase 10% throughout the year of 2013, residential sales will grow by 10%, and home sale prices to increase 5%, reconstruction of commercial real estate, and the housing inventory to surge as the housing market recovers.  Tuccillo projects that the recovery of the housing market and increasing home prices will yield more prospective sellers in the housing market and that 2013 will be a great year for the housing market nationally.

 

To talk more about the South Florida Real Estate Market, contact us at the Henri Frank Group at RE/MAX Preferred.

 

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Henri Frank Group at Remax | Ft Lauderdale | Wilton Manors Realtors

Fort Lauderdale realtors sells Fort Lauderdale Homes

Fort Lauderdale – Wilton Manors Realtors

Henri Frank Group at Remax | Ft Lauderdale | Wilton Manors Realtors

Florida Real Estate Buyers Must Act Now

written by Frank Vigliotti, Realtor, CDPE, Blogger, PA

 

 

The Henri Frank Group brokered by Remax Preferred works with many buyers in Fort Lauderdale, buyers in Wilton Manors, Oakland Park and all throughout South Florida. Going into 2013, our real estate market becomes more and more heated up with the number of buyers, bringing a large number of multiple competitive offers. The Group has closed over 100-transactions in the last 52-weeks. Each of these closings have their own circumstances and by having this number of closings, the Realtors of the Henri Frank Group; Henri Vezie, Frank Vigliotti, Jimmy Cunningham, Robin Passman and Dan O’Brian now have experience to better serve their buyers and sellers.

 

Some examples that I would like to share with you that demonstrate why starting the Buying Real Estate process now is more important than ever before.

 

Wilton Station, a luxury mixed-use community in the center of Wilton Manors, for example, a townhome in Wilton Station sold in early 2011 at $201,200 recently resold in 2012 for $325,000. That unit when it was first placed onto the market in 2011 had more than a half dozen of offers according to the listing agent hired by the bank who owned the unit in 2011.

 

“A 2-bedroom condo unit in Coral Springs, Florida was recently sold on the market for $53,000. What was different about this listing compared to various other condo sales throughout South Florida is that this unit came with no restrictions and the new owner would be permitted to rent the unit out within the first year of ownership. The surprisingly low price and the lack of rent constraints made this bank-owned condo unit in Napoli Gardens a fast seller that attracted 54 offers over the course of a couple of days. This Napoli Gardens unit was eventually purchased by an investor who ended up outbidding other potential buyers by over 10%, paying $71,000.” – Information taken from the Greater Fort Lauderdale Realtor Association Multiple Listing System

 

“A real estate agent by the name of Martha Dupree from the Keyes Company stated that the interest acquired from this home sale was the most that they has witnessed in her 33-year career. The increase in the amount of first time home buyers, investors, and the lack of housing inventory in South Florida has created a huge demand for homes which creates a market with multiple offers. The South Florida housing market is currently booming which is a complete turnaround from a few years prior when home prices were declining and the large amount of homes on the market left many sellers distraught hoping for just one offer on their properties.” – Taken from the Florida Association of Realtors Blog

 

A representative from the Henri Frank Group at Remax Preferred based out of Wilton Manors and Fort Lauderdale speaks about how sellers now have options when it comes to getting offers for their homes and that buyers are less likely to settle for just anything. Just a year and two years ago, potential home buyers were urged to get pre-approval from a lender before searching for homes. Now the Realtors in the group working with potential buyers make it essentially an obligation to attain pre-approval before they even begin searching for homes.

 

Many agents agree that in today’s housing market  potential buyers that make cash offers are more likely to be considered when there are multiple offers on the table because cash offers typically close faster than non-cash offers. Prospective buyers that are pursuing mortgages can stand out from the crowd if they are willing to put down at least 20% on their mortgages. Those prospective buyers out there who may need the financial assistance of the Federal Housing Administration {an FHA or VA loan] may find it difficult to make an impression because they may not have stellar credit and will be making smaller deposits on the home.

 

An experienced broker based out of West Palm Beach shared that many sellers and lenders use the concept of “drama pricing” in order to appeal to more buyers and attract multiple offers. The concept of dramatic pricing is when sellers or lenders list a property at a shockingly low price with efforts to create a bidding war that will ultimately drive the selling price higher.

 

A couple of months back, a seller was advised by their Realtor to list his average West Palm Beach home under $40,000. This sellers originally had plans of listing the home at over $40,000 based on his observation of home listings in the community. The home was in fair condition and didn’t include any appliances, yet it still managed to attract 70 showings,, 22 offers and eventually sold for $53,000.

 

Some real estate agents are obligated to continue taking offers on the property until the seller has formally accepted an offer in writing. In many cases, brokers encourage their clients that have attracted multiple offers to refrain from taking any more. We recently listed a home in Oakland Park – Fort Lauderdale. On day #1 we had 12 showings, three offers to purchase this property and day #2, eight more showings and two other offers. According to the listing agreement we must continue to market and actively market the home until an offer is officially accepted by the seller and all parties have signed and initialed all of the paperwork. And until such time, the listing agent is required to keep the MLS listing active in the system. Many critics of the MLS disagree that a home should be kept in the active status as it gives the subsequent buyers looking at the property false hope they can purchase the home.

 
The South Florida Real Estate market is on the upward trend and with projections for 2013 this will continue. If you are even thinking of buying a property in South Florida, it is now that you need to start the process.

CLICK HERE FOR THE BUYER CHECKLIST

Contact the Henri Frank Group at Remax by emailing, texting or calling us at 954-604-9999.

CLICK HERE TO MEET THE HENRI FRANK GROUP

 

Henri Frank Group at Remax Preferred

 

 

 

 

 

 

 

 

Areas of South Florida that the Henri Frank Group at Remax Preferred serves:

The following cities in Broward County:

Fort Lauderdale, Lauderdale Lakes, Oakland Park, Wilton Manors, Tamarac, Lauderhill, Plantation, North Lauderdale, Lauderdale Isles, Weston, Cooper City, Southwest Ranches, Pembroke Pines, Pompano Beach, Coral Springs, Coconut Creek, Margate, Parkland, Lighthouse Point, Hollywood, Margate, Hillsboro Beach, Hillsboro Shores, Davie, Lauderdale Isles, Sunrise,  Dania Beach, North Lauderdale,  Pembroke Park, Lauderdale-by-the-Sea, Mirimar, Pembroke Park, Pembroke Park, Pembroke Lakes, West Hollywood, West Park, Cooper City, Deerfield, Deerfield Beach

 

The following cities in Palm Beach County,

Boca Raton, West Palm Beach, Lake Park, Singer Island, Palm Springs, Mangonia Park, Riviera Beach, Juno Beach, Haverhill, North Palm Beach, Riviera Beach, Royal Palm Beach, Palm Beach Gardens, Green Acres, Wellington, Royal Palm Beach, Green Acres, Haverhill, Boca Raton, Briny Breezes, Ocean Ridge, Boynton Beach, Coral Point, Delray Beach, Lake Worth

 

The following cities in Miami-Dade County,

Miami, Doral, Coconut Grove, Coral Gables, Miami Shores, El Portal, Fisher Island, Venetian Islands,  Miami Beach, Sunset Island, Normandy Isle, Normandy, North Bay Village, South Miami, West Miami, Sweetwater,  Key Biscayne, Bal Harbour, Indian Creek Village, Surfside, Bay Harbour Island,  Pinecrest, Kendall, Gables by the Sea, Cutler Bay, Palmetto Bay, Perrine, Village of Palmetto Bay, South Miami Heights, Aventura, Golden Beach, Sunny Isles, Sunny Isles Beach, Biscayne Park, Uleta, North Miami Beach

 

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WILTON MANORS REAL ESTATE | FT LAUDERDALE HOUSING

Fort Lauderdale Real Estate News

Henri Frank Group at Remax, CDPE Realtors Certififed Distressed Property Expert

 

WILTON MANORS REAL ESTATE | FT LAUDERDALE HOUSING

Maintain Housing Benefit

 

Congress Members recently left Washington, D.C. and will not return until the Elections are over. Congress Members departed Washington without resolving some crucial issues and will save them until their meeting after the election. One of these issues is steering away from the financial decline that may occur if lawmakers terminate tax-cuts put into place by the Bush administration at the same time that blanket budget cuts are set to take effects.

 

Another crucial issue that Congress has not decided on is lengthening the federal Mortgage Debt Relief Act. The financial cliff that everyone is talking about, the Debt Relief Act is a component. As a Realtor in South Florida, this Act is absolutely necessary towards the continuation of the Florida housing recovery. The financial institutions have now declared short sales the preferred method of digging a homeowner who is underwater in their mortgage and has an accepted financial hardship.

 

The Mortgage Debt Relief Act was passed by Congress in 2007 in efforts facilitate owners to distressed properties to sell them. This act eliminates the capital gains tax penalty that is typically attached to any excused debt. In other words, the balance between what the borrower owed on a property and the sale price on a principal property sold in a short sale.

 

The Mortgage Debt Relief Act is set to expire on December 31, 2012 and many financial experts agree that allowing this to happen would be a huge mistake. Short sales continue to be the most common way of selling properties that have fallen behind on mortgage payments. Short sales help to replenish the market when borrowers have accumulated more debt than what their homes are worth.

 

The reoccurrence of this tax penalty may have a drastic negative effect on the economic recovery in the United States. The return of this tax penalty is projected to crumble distressed housing markets especially areas in which sales have declined due to the large amount of distressed properties on the market.

 

If Congress wants to continue to facilitate these struggling homeowners, prolonging the Mortgage Debt Relief Act before the year’s end is a great way to do so.

You can do something. Write your congressman, write your Senator. Here is a link to your Senators email address. Tell them you want them to “VOTE YES” to extending the Mortgage Debt Relief Act.

http://www.senate.gov/general/contact_information/senators_cfm.cfm

 

Write your Representative in the United States House of Representatives. Tell them to “VOTE YES” on this very important legislation. http://www.house.gov/representatives/

 

To learn more about the Short Sale and the process to getting a Short Sale done, go to the Henri Frank Group at REMAX website. Click this link http://www.henrifrank.com/short-sales.php

 

The Henri Frank Group at REMAX Preferred has been successfully completing short sales for hundreds of homeowners since 2007. Frank Vigliotti, Realtor, PA is CDPE, Certified Distressed Property Expert. This certification allows the Realtor to coordinate the short sale with the lender, with the legal group, the buyers of the short sale and the seller of the short sale. All of the South Florida Realtor Group knows the process, knows the programs available to qualified homeowners. The Group has joined forces with the Law Office of Nugent and Ground in Fort Lauderdale Florida. Attorney, Patricia Nugent and Attorney, Tad Ground negotiates with your lender to get the short sale done. For a FREE consultation with our Short Sale team and the Law Office of Nugent and Ground contact us now. Email us at info@henrifrank.com, call or text us at 954-604-9999.

Follow the Henri Frank Group News Blog
for more information on the South FLorida Real Estate Market, the United States National Housing Market and the local real estate market in Fort Lauderdale, real estate in Wilton Manors, Oakland Park housing and Hillsboro Beach market.

CLICK THIS LINK TO FOLLOW THE HENRI FRANK GROUP REAL ESTATE NEWS ARTICLES:   http://henrifrank.com/real-estate-news/

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Fort Lauderdale Real Estate | International Buyers | South Florida Tops List

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Frank Vigliotti, Realtor, CDPE, PA

Frank Vigliotti, Realtor, CDPE, PA
Henri Frank Group

Fort Lauderdale Real Estate & International Buyers South Florida Tops List

 

Trulia.com, a useful online home search tool, has researched and information been gathered from potential property buyers who used Trulia.com to search for home listings in the South Florida real estate market and throughout the entire United States real estate market. Trulia notes that with the recovering housing markets, the amount of international buyers in search of real estate in the United States in increasing. The Henri Frank Group at Remax Preferred located in Fort Lauderdale Florida, Wilton Manors Florida, Plantation Florida and Hillsboro Shores, Florida, has been working with buyers from all over the globe. Recently negotiating commercial property opportunities here in the Florida region, the buyers are coming from Istanbul, India, Argentinia, London and Canada. Sellers that have hired the Henri Frank Group at Remax to list and sell their property enjoy the International reach of the Florida Real Estate Group.

The Trulia.com study did indicate and further confirms that there are still international home buyers that are looking for property in the United States and South Florida that is one location that receives a lot of attention. Below are the top 10 cities that are being searched on Trulia.com.

 

Important to the Florida Real Estate market is that six of the ten cities are in Florida

 

1. Miami
2. Los Angeles
3. Fort Lauderdale
4. Lakeland-Winter Haven
5. Orlando
6. West Palm Beach
7. Cape Coral-Fort Myers
8. Honolulu
9. San Francisco
10. Las Vegas

 

Data from Trulia’s research further indicates that 15.7% real estate searches for the city of  Miami were from international buyers. An economist from Trulia states that he believes foreign buyers look for deals when searching for U.S. real estate and buy a lot of property when prices are at their lows. According to Frank Vigliotti, Realtor and Co-Founder of the Henri Frank Group at Remax Preferred adds, ” many International buyers have a different perception of the U.S. market and what a deal to a national buyer or even a Florida buyer varies. Considerations are being made by many of these International buyers for Florida real estate of the value of the US Dollar, exchange rates, near and distant future expectations from real estate trends”.

The Trulia.com study further notes that the decline of property prices in the United States housing market has caught the attention of many international buyers from Canada, France, Germany, Australia, and the UK even after asking prices rose 0.3 % nationally throughout June of this year. The buyers are actually increasing as the current trend in the housing market indicates an increase which has triggered a call to action response, a part of the Henri Frank Group at Remax sales approach. “The Florida realtors in our group are working hard here in South Florida to create a ‘call to action’ to motivate those buyers who have been on the sidelines,” Henri Vezie, Realtor and Co-Founder of the group added, “and with these numbers by the Trulia.com study, it only helps us attract buyers to our listings here in Wilton Manors, Oakland Park, Fort Lauderdale, Miami, Pompano Beach and Boca Raton.”

 

South Florida Real Estate Recovers with International Property Buyers

 

You can reach the Henri Frank Group at Remax Preferred by visiting their virtual office at https://www.henrifrank.com. Call or text to 954-604-9999. If you are in International Buyer of a Fort Lauderdale single family home or Fort Lauderdale condominium reach out to the group for a full market analysis. The Henri Frank Group serves all of South Florida which includes condominiums, single family homes, townhomes, villas, duplexes and triplexes in Palm Beach County, Miami-Dade County and Broward County Florida.

 

http://henrifrank.com/real-estate-news/south-florida-real-estate-international-buyers-fort-lauderdale-tops-list

 

Fort Lauderdale Realtors: Henri Frank Group

 

hf-adminFort Lauderdale Real Estate | International Buyers | South Florida Tops List
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