Archive for February, 2010
Under Priced Properties Are Selling Quickly
February 27th, 2010 categories: Real Estate News
In the past two weeks I listed 2 properties, both were priced below market value. In one instance I received an offer that was $11,000.00 higher than the list price within the first week. On the other listing I received an “AS IS” offer the day it went into the MLS for just under list price, which the sellers felt was reasonable considering the repairs that had to be made to the property.
Using statistics and projections from reliable resources I was able to persuade the sellers not to price their properties above market value. Most sellers want to leave room to negotiate and they miss the point that if their home is priced below market value they will actually get a higher price than if it is priced above market value.
Many real estate experts who study facts and trends are encouraging sellers to follow this rule in order to stop the bleeding. There is another wave of foreclosures due to hit the market; it is known as the Shadow Inventory. An article written by Steve Harney, entitled Dry Your Eyes and Lower Your Price gives a few more examples of how proper pricing is helping others throughout the country.
My advice is, if your Realtor tells you it is time to reduce the price of your home….do it.
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9133 Greenbrier Court, Davie, FL
February 2nd, 2010 categories: Oak Park, UNDER CONTRACT
Short Sale, Under Contract $189,900. Back – up offers considered.
2 bedrooms/2 baths, partially fenced lot. Perfect home for small families or empty nesters. Extra large living room with built in bar, overhead window, sliding doors leading to patio. Dining area also features sliding doors to covered patio. The cozy eat in kitchen has wood cabinets and a double pantry.
The property is located in Forest Ridge in the subdivision of Oak Park. The monthly fee of $155.00 includes front lawn maintenance and irrigation, a pool and 8 tennis courts.
This property has a new barrel tile roof and a 2 car garage that has been partially converted.
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9242 Southern Orchard Road, Davie, FL
February 2nd, 2010 categories: FOR SALE, Southern Orchard
New on the Market! $549,000
Built in 1997, 4 bedrooms, 2.5 baths, pool, 9,014 sq. ft. lot. This home features a large formal living room, a formal dining room, a spacious eat in kitchen and a family room. The home is located in Forest Ridge/Southern Orchard. The neighborhood is located adjacent to Tree Tops Park and is within walking distance to Bamford Sports Park and the Pine Island Park in Davie.
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9625 East Tree Tops Court, Davie, FL
February 2nd, 2010 categories: FOR SALE, The Ridge on Nob Hill
Just Listed, $564,900
4 bedrooms, Den/Office, 3 full baths, a heated pool and spa, and a large covered patio on a 10, 710 sq. ft. lot overlooking Pine Island Ridge.
This is a home that says a lot about the owner. It has been beautifully maintained and some of the rooms have been freshly painted. The mechanics of the home are upgraded, such as a newer 5 ton, 16.5 SEER air conditioner, a Cutler Hammer generator transfer switch, a whole house carbon water filter, a 12,000 BTU heat pump, and an alarm system wired to smoke detectors.
The interior of the home features approximately 3,000 sq. ft. of living space, large room sizes, Plantation shutters, Wilson art flooring, granite kitchen counters, over-sized windows, volume ceilings, and neutral decor. The exterior of the home features 3 outdoor electrical outlets, a fenced yard filled with palms, coconuts, avocado and mango trees, a euro-stone patio deck finish, pavered driveway and walkway, and a fantastic view.
The community offers a swimming pool and 8 tennis courts. The maintenance fee is only $255 per quarter. Fox Trail Elementary and Indian Ridge Middle Schools are located minutes from the property. There is easy highway access to I-595, I-75 and the Sawgrass Expressway.
You can view additional photos at www.obeo.com/579157
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