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November 24, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Fort Lauderdale, Florida

Reported by Millie Lawrence-Kotei, REALTOR, CRS, GRI

Updated November 21, 2009.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 1



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Falling

Rising

Yes, this is your chance to own a piece of paradise! Home prices have declined in value in the Fort Lauderdale and neighboring areas as well.
More listings including some bank-owned, short sales and foreclosure properties are on the market. Properties of all kinds to enhance your personality or lifestyle. If you enjoy intimate settings, small/big homes, cozy homes and hugh back yard under the stars..this can be yours in Fort Lauderdale, Florida. You may want to live or relax on Florida's paradise of ocean views or natural views of nature to soke-up some sun, you can have it in Fort Lauderdale, Florida's paradise where everybody dreams to be. Mortgage rates have changed to attract buying power and home prices are attractively low in this area. You can find homes of various styles for sale in the Tamarac, Sunrise, Plantation and neighboring cities in Fort Lauderdale. It's a buyer's market with $8,000 tax credit to home buyers, there is still time to buy and take advantage of this tax benefit. This market cycle presents great opportunity for first-time buyers and investors. The truth is that the real estate market is always a cicle of change. Sometimes the changes are small and unpredictable and other times they are fast and big.

I specialize in working with Short Sales and Pre-foreclosure properties. If an event in your life requires you to buy or sell a home, I can help. The wait and see game is over and looking for the lowest point to buy real estate can be very risky. Buyers who are holding off to purchase believing that they can buy when the market hits rock bottom, often times they face a faster shifting market, with a rush to get in they may end up buying at higher prices than if purchased today. I would say again; Now is the time to buy! With interest rates where they are today and the low asking prices, can you afford to wait? When it comes to investing, it's always been "buy low, sell high." If you are a home owner and would like to have some additional income or build financial wealth, now is the time to invest in real estate. You can buy more properties, you may be able to lock in and hold a great investment property at a low price and low interest rate with a great rental income.

FHA mortgage offers low affordable down payments, very accommodating for first-time home buyers. A higher qualifying purchase price with affordable fixed interest rates. I specialize in helping first-time buyers buy foreclosure or short sale properties at the lowest prices. Buyers can take advantage of FHA loan programs, Home Purchase Assistance with cooperating sellers' closing cost help and other seller incentives. The market is still competitive to sell it's inventory. Consulting and using a Real Estate Professional, like myself can be an extremely great adavntage to any buyer or seller. I work hard to negotiate and represent my clients best interest.

In this market, over-priced properties stay longer to sell. Realistic sellers sell within a shorter timeframe and save cost when they list at market value. So, for homeowners who are hesitant to list their property because they will be selling at such a reduced price, assuming that a seller would like to buy a bigger or even downsize property. The seller should be more inclined to sell their home at a reduced price, buy the new home at the reduced price and pocket the difference. This is also a period in the real estate market where the movement is reversed. During this reverse market, the rate of change can be great for buyers and sellers. Call Millie Lawrence-Kotei at 954-448-0371 for more information or a FREE Cost Benefit Analysis.

ZIP Codes: 33319, 33313, 33321, 33324

Approximate Location Boundaries: Tamarac, Sunrise, Lauderhill, Lauderdale Lakes, Plantation

Location Characteristics: Fort Lauderdale is located in the east-central portion of Broward County, Florida approximately 23 miles north of Miami and 42 miles south of Palm Beach. The City shares boundaries with nine other municipalities, as well as unincorporated areas of the County. Encompassing more than 33 square miles with a population of nearly 167,000, Fort Lauderdale is the seventh largest city in Florida and the largest of Broward County's 30 municipalities.

Fort Lauderdale also offers an outstanding quality of life, highlighted by a semi-tropical climate, rich natural beauty and array of cultural, entertainment and educational amenities. Blessed with over 3,000 hours of sunshine each year and pleasant year-round ocean breezes, world-famous Fort Lauderdale Beach offers premier opportunities for recreation, relaxation and enjoyment. The picturesque Riverwalk serves as the cornerstone of the City's arts, science, cultural and historic district which features the Broward Center for the Performing Arts, Museum of Discovery and Science, Museum of Art and Old Fort Lauderdale Village and Museum. Las Olas Boulevard has gained international acclaim as Fort Lauderdale's centerpiece of fashion, fine dining and entertainment. In addition, the City's downtown area is home to Broward Community College, Florida Atlantic University, Florida International University, the award-winning Broward County Main Library, federal, county and school district offices.

Through the cooperative efforts of residents, businesses and local government, Fort Lauderdale has evolved into a City that offers the best of both worlds - an attractive business environment and an outstanding quality of life. Fort Lauderdale is a great place to live, work and raise a family, and the City looks forward to continuing to build upon its success to meet the challenges of the 21st Century and beyond. (Information the City of Ft. Lauderdale)


For More Information:

View Market Conditions of other areas served by Millie Lawrence-Kotei

Navigate: Top > Florida > Fort Lauderdale

About Millie Lawrence-Kotei:
A full time Realtor and Real Estate Professional since 1986. I specialize in residential real estate sales, helping buyers and sellers benefit from sound solutions. I represent sellers, buyers of new and resale homes, first time and move up buyers. I provide you with quality service and highly support our National standard of ethics, where commitment and trust protects customer's interest. I work hard to serve and protect the interest of all my customers. My goal is to be your trusted source for real estate information and service - one who you know looks after your very best interest. With the support of our team's resources and my hard work, I negotiate your transaction to attain your greatest advantage. Once you buy or sell a home with me, I offer you continued support as your real estate professional of choice. You can call me directly at 954-448-0371 or 954-757-4899


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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