south florida: New Condominium Governance Form Requirement in Florida
- 01/01/09 10:03 AM
As we bring in the New Year so do we bring in the new laws and new requirments of 2009. Florida Law Makers see a need to require a document, notice I did not say form, that will become reqired as part of the paper work of any sale that deals with an association. The document is 5 pages that explains in detail all the rights and obligations of the seller, buyer and the association. From reading the entire document I can not see where any laws have changed, so it appear to me that the new law is basicly provideding a … (0 comments)
south florida: How do we stop the bleed?
- 04/22/08 09:07 AM
Today in the Miami Herald, http://www.miamiherald.com/ one more problem is taking front page for South Florida condo owners. It seems that an increasing number of condo owners are not paying the association fee, this put the remaining owners in a very tight squeeze. In a very extreme case 90% of the owners are not paying their fees. This has caused the associations to cancel services, postpone maintance and in some cases drop insurance coverage. The result is the fees are increasing to the remaining few to the point that current owners are not able to keep up with payments and defaults to this … (0 comments)
south florida: No stimulus package for South Florida
- 03/10/08 09:26 AM
Well Congress has spoken and the Big Spending Package for South Florida is a whopping 1.6% increase or $6,700 dollars. Yes you heard that right the jumbo loans amounts have increased from $419,000 to $423,750, if you plan to borrow more then this plan to pay a higher interest rate, as much as one percent more. This maybe a good time to buy but Congress has not joined our party. In the long run this could help slow the run away housing prices in this market. Only time will tell. Just this month for the first time in the past 24 months the … (1 comments)
south florida: The time is NOW!.... To look at the South Florida Market.
- 02/24/08 10:11 AM
My last blog said it all with one single chart showing "The ugly picture of the market" . For the past few week the phone have been busier and the traffic has picked up some. So I decided to to take another look at the current situation and see if there was some positives to learn for this. The first thing that I noticed is that the investors who were always there looks to get a steal, and tell you to call them with any great deal I may have for them. They were now calling me asking about the same deals I told … (0 comments)
south florida: The ugly picture of South Florida Real Estate
- 02/16/08 07:04 AM
The chart below is current as of this month. What it is showing is the number of listing on the market (Green), the average price per sale(Yellow), the number of new listings add(Red) and last the number of listing sold (Blue) in the past two year on a monthly period. Two of those line paint a very scary picture of the future, can you guess which two? The Green line is the inventory of homes in the MLS back in June 2006 we have a inventory of about 2000 home and were closing close to 500 deals a month according to the Blue … (2 comments)
As we bring in the New Year so do we bring in the new laws and new requirments of 2009. Florida Law Makers see a need to require a document, notice I did not say form, that will become reqired as part of the paper work of any sale that deals with an association. The document is 5 pages that explains in detail all the rights and obligations of the seller, buyer and the association. From reading the entire document I can not see where any laws have changed, so it appear to me that the new law is basicly provideding a … (0 comments)
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