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Real Estate Advice
Real Estate Advice

 
Wednesday, September 26, 2012
Idlewyld is one of the original Fort Lauderdale neighborhoods and was founded largely by Thomas Stillwell in 1920, who purchases and plotted most of the land. Unlike Las Olas Isles and the Seven Isles that were dredged and filled by developers, Idlewyld was naturally developed. The original homes in in Idlewyld are some of the oldest in Fort Lauderdale. The architecture in this neighborhood is varied. From the 1920’s and 1930’s Spanish revival style homes by architect Francis Abreu, and the mid-century ranch homes, to new construction Mediterranean style homes, these homes are highly desirable in the Fort Lauderdale real estate marketplace. This is one of the most luxurious neighborhoods as well, which boasted the earliest homes in Fort Lauderdale to sell for over 10 million.
There are 125 homes in Idylwyld and all residents can enjoy the waterfront, since a wide sidewalk encompasses the island. Waterfront homes enjoy docks across Idlewyld Drive and incredible eastern Intracoastal views. It is accessible through two secure entrances, one on Idlewyld Drive and the other at Hibiscus Place. Idlewyld is conveniently located fifteen minutes from the Fort Lauderdale International Airport and is it near the eastern end of La Olas, west of the Las Olas bridge. Its proximity to Las Olas allows residents to enjoy the European style shopping and dining, while still enjoying a private family oriented community. It is also a short drive to the white sandy beaches of Fort Lauderdale as well as to the Downtown District. For more information on the available homes in this community and if you are looking to sell your Idlewyld home, contact me today.
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Friday, September 21, 2012
Many buyers in the Fort Lauderdale market have taken advantage of low interest rates and low prices to invest in condominiums for rent. Since rental prices are currently lower than mortgage payments in many instances, this makes perfect fiscal sense. When you have acquired your condominium with the intention to rent it, it also makes sense to renovate it in a style that is inviting to the renter. For those properties that are tighter on space, there are ways to make it appear larger. We would like to offer some tips on increasing the perceived size of a condo. If you are looking to invest in condominiums for rent in Fort Lauderdale, contact me today!
  1. De-Clutter: We recommend doing this in homes that are newly listed for sale, as well as to make a condo appear larger. The key to de-cluttering is organization. It is an excellent idea to have professional closet systems installed. It will make prospective tenants feel as if they are more organized already!
  2. Mirror, Mirror on the Wall: This concept is derived from Feng Shui and is used to increase space through optical illusions. They reflect both artificial and natural light in a space and give the illusion of depth. Place across from a focal point for the best affect.
  3. Multi-Task with Furniture: There are several pieces of furniture that make a huge difference in space. Sofa beds are excellent for guests, using chests as coffee tables will create more storage space, and even ottomans with extra space are excellent for small spaces.
  4. Paints: Paint walls in light colors is very important to creating space in a small area. Pastels or off whites look clean and brighten a room, in combination with proper lighting.
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Friday, September 14, 2012
In the past few months, there has been speculation that home prices will continue to increase, and in Fort Lauderdale, it certainly seems to be the case, given the lack of inventory and sustained demand for condominiums and single family homes. Almost all experts are in agreement that the real estate market is headed towards recovery, using indices including, builder confidence, median home price, and reported sales figures year over year. However, in the coming months, there is a possibility of volatility in the home prices. Chief Economist Lawrence Yun of the National Association of Realtors explained that the inventory or lower priced homes is constrained, which may yield slight inaccuracies in terms of the seasonally adjusted median prices. In a statement released by Yun, he explained, “Fewer sales in the lower price ranges are contributing to stronger increases in the median price, but all of the home price measures now are showing positive movement in the market.”
This is excellent news and in particular, with regard to the luxury market, which is also constrained, which indicates these home prices will continue to increase. However, according to Moody’s Analytics, the upward movement may not be sustainable since banks are poised to release more distressed properties on the market. Analyst Celia Chen of Moody’s remarked, “The distress pipeline casts a shadow over the outlook. Indeed the CoreLogic price index gained strongly between late 2009 and the second quarter of 2010, when foreclosure moratoriums were in place, before losing nearly all of the gains once the distress share of sales picked up again.” In terms of Fort Lauderdale, this could be a relatively short period of fluctuation. Foreign investors are competing for distressed properties and buyers are still seeking out deals in real estate in our area. It is possible that the luxury condo list prices could decline slightly and in the event this occurs, buyers should be ready. For more information properties in Fort Lauderdale, contact me today.
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Tuesday, September 04, 2012
When listing your home for sale, the representation of your home in pictures is one of the most crucial elements in the marketing of your home to buyers. According to the Wall Street Journal, photos taken by professionals have 61% more views than listings with amateur shots. There are also a number of advantages to having professional photos that may not be obvious to the untrained eye. A real estate photographer can make your home appear larger, using wide angle lenses, brighter, with proper lighting and zooms; thus increasing the probability of your home getting more showings. Photos are the cornerstone of a home’s marketing. The National Association of Realtors polled home buyers on the most useful feature of a real estate website and 98% said photos. When you enter in standard search criteria such as, number of beds and baths, price range, and neighborhood, the first thing the buyer will judge are the photos.
Brian Balduff, chairman of VHT photography service in Chicago, offered these recommendations for displaying your property in the best light and choosing an agent who adheres to these guidelines. First, when choosing an agent to represent your home, check some of their listings and evaluate their listings photo quality. Second, look at the type of photos they are featuring and the amount they use. Ideally, Balduff recommends under 30 shots that would appeal most to buyers. In Fort Lauderdale, for example, in my waterfront condominium listings, I make sure that the views of the water are featured, as well as the luxury building amenities, along with the most impressive interior features. Even though the inventory in Fort Lauderdale is very low, you never get a second chance at a first impression, so make sure your photos show your property in the best light. If you are looking to sell your Fort Lauderdale condominium or home, please contact me directly.
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