While Florida has long been the top state for international buyers, the current real estate market is attracting U.S. and overseas investors due to low prices and an increased number of bank-owned distressed properties, according to the NAR National Association of Realtors and the FAR Florida Association of REALTORS. 

EFFECTIVE APRIL 6, 2009  MINIMUM CREDIT SCORE FOR F.H.A. PURCHASES IS -600

The single most common question I am asked is, “What is happening with my homes value”?  This is not always an easy question to answer because there are so many variables from home to home.  There is good news for you if you live in the Broward County, area.  

Courtney Silverman Real Estate Group has developed a new internet system that will give you complete information on what is taking place with the market around your home.  This program gives complete details on homes listed, sold and value trends.  The program offers the numbers in easy to view graph form and it is very detailed and specific to your home and neighborhood.  You will even see a Google Earth view of your home and surrounding neighborhood.  The best part is that this analysis is sent to you by e-mail and the updated for your monthly.  You can take advatage of this great new system by visiting our web site at http://www.courtneysilverman.com/PageManager/Default.aspx/PageID=1628494.

“There are diamonds in this current real estate market – you just have to dig for them” says Mike Pappas, President/CEO of The Keyes Company a large South Florida based full service real estate firm. 

Sales Units are up:
“Palm Beach strengthened its unit sales earlier in this cycle and Dade and Broward are gaining momentum” observed Mike Pappas. 

The Broward County Housing Finance Community Development Division has partnered with Broward County Housing Authority to provide financial assistance of up to $9000 for defaulted mortgages.  This program targets resident homeowners who are delinquent by providing financial assistance to reinstate mortgage loans.

The property must be owner occupied and the home must meet program qualifications and guidlines. Extensive counseling is provided as it relates to preserving homeownership.

Call Phyllis Brown at 954-739-1114, ext 1114.

Call Courtney Silverman Real Estate Group at The Keyes Company for all your real estate needs 954-315-6925.

We have 1985 homes for sale in Fort Lauderdale FL as of today. Sellers are asking from $28,500,000 to $24,900.

91 buyers got their contracts accepted. The prices the sellers were asking ranged between $1,995,000 and $19,900 when they received their offers. 53% of those contracts were written to purchase bank owned properties and 18% are going to negotiate the purchase with the seller and the seller’s lender(s) as a short sale.

55 properties were sold in Fort Lauderdale. They were priced between $2,700,000 and $28,000. This tells us there is over a 36 month supply of homes for sale in Fort Lauderdale as of February 2009, assuming no more homes are put on the market over that period of time.

Contact Courtney Silverman Real Estate Group to leverage your dollar in this market as a seller and as a buyer!

We have 200 homes for sale in Cooper City FL as of today. Sellers are asking from $1,295,000 to $135,000.

19 buyers got their contracts accepted. The prices the sellers were asking ranged between $529,000 and $108,000 when they received their offers. 36% of those contracts were written to purchase bank owned properties and 5% are going to negotiate the purchase with the seller and the seller’s lender(s) as a short sale.

12 properties were sold in Cooper City. They were priced between $499,000 and $85,000. This tells us there is over a 16 month supply of homes for sale in Cooper City as of February 2009, assuming no more homes are put on the market over that period of time.

Contact Courtney Silverman Real Estate Group to leverage your dollar in this market as a seller and as a buyer!

We have 600 homes for sale in Plantation FL as of today. Sellers are asking from $3,700,000 to $79,000.

47 buyers got their contracts accepted. The prices the sellers were asking ranged between $445,000 and $70,000 when the received their offers. 42% of those contracts were written to purchase bank owned properties and 23% are going to negotiate the purchase with the seller and the seller’s lender(s) as a short sale.

27 properties were sold in Plantation. They were priced between $600,000 and $90,000. This tells us there is over a 22 month supply of homes for sale in Plantation as of February 2009, assuming no more homes are put on the market over that period of time.

Contact Courtney Silverman Real Estate Group to leverage your dollar in this market as a seller and as a buyer!

We have 538 homes for sale in Sunrise FL as of today. Sellers are asking from $519,000 to $47,000.

59 buyers got their contracts accepted. The prices the sellers were asking ranged between $299,000 and $49,900 when they received their offers. 69% of those contracts were written to purchase bank owned properties and 10% are going to negotiate the purchase with the seller and the seller’s lender(s) as a short sale.

12 properties were sold in Sunrise. They were priced between $310,000 and $60,000. This tells us there is over a 44 month supply of homes for sale in Sunrise as of February 2009, assuming no more homes are put on the market over that period of time.

Contact Courtney Silverman Real Estate Group to leverage your dollar in this market as a seller and as a buyer!

We have 605 homes for sale in Davie FL as of today. Sellers are asking from $4,900,000 to $50,000. 

35 buyers got their contracts accepted. The prices the sellers were asking ranged between $1,525,000 and $153,900 when they received their offers. 17% of those contracts were written to purchase bank owned properties and 48% are going to negotiate the purchase with the seller and the seller’s lender(s) as a short sale.

24 properties were sold in Davie. They were priced between $1,525,000 and $153,000. This tells us there is over a 25 month supply of homes for sale in Davie as of February 2009, assuming no more homes are put on the market over that period of time.

Contact Courtney Silverman Real Estate Group to leverage your dollar in this market as a seller and as a buyer!