condos: Waterfront properties are selling but buyers are looking for bargains... - 01/19/10 01:55 PM
With a recession in full swing and lenders stingy with the cash, cash buyers understand they have the upper hand and are patiently waiting on the fences for the rare good deals.
So who is selling today ? Definitely not the sellers stuck in 2005 pricing. A recession means receding prices due to reduced availability of cash and buyers' tendency to postpone purchasing. Uncertainty and fear about what is going on in the country and the world have put a damper on activity.
Many sellers have also decided to sit tight and wait for better times to list. The sellers currently listing and … (0 comments)

condos: Beware of Bank Owned Properties (Foreclosures/REOs)... A Risky Game. - 12/29/09 03:34 AM
As the inventory of REOs (aka Bank Owned or Foreclosures) increases, so do the perceived opportunities for new and seasoned investors. Experienced investors know the risks and cover their bases by doing their homework prior to placing a bid. If you are new to this game, play carefully or you may get burned. Here are some pitfalls of REOs:
- Inspect and assume the worse. The banks are selling as-is. They never occupied, never even visited, and have no disclosures to make to you. So make sure you thoroughly inspect the property and assume the worse when it comes to repair and replacement costs. Many … (2 comments)

condos: What buyer's market ? Not in East Boca anyway... - 11/22/09 07:18 AM
If you are looking to buy, I am sorry to say that the inventory is low and the selection is slim. Many overpriced and unattractive homes and condos are lingering on the market.
The numbers show a buyer's market on paper because of the higher number of units available compared to units sold. In the field, the reality is different and there are a lot of stale listings with unrealistic sellers and agents.
Many agents will take overpriced listings and hope the sellers will eventually lower the price enough to sell. In the meantime, the successful sellers are the ones who understand … (0 comments)

condos: Boca Raton offers some good opportunities for the million plus condo buyer. - 11/04/09 07:20 AM
If you are looking for a luxury condo on the water or downtown Boca Raton above $1,000,000, then you have supply on your side.
However, you still need to work with an agent who understands the difference s in lifestyle between the different buildings.
It is important to note that although supply is greater than demand in the $1m+ segment, proper pricing is not the norm. So it is also important to work with an agent who has a solid understanding of price trends and competition.
A strong agent who will know how to present and defend your offer is also … (0 comments)

condos: Boca Raton offers limited opportunities for the luxury waterfront condo buyer. - 11/02/09 02:58 AM
Boca Raton is the southernmost coastal city of Palm Beach County. Rich in history, its name evokes sandy beaches, upscale golf communities, the Boca Raton Resort and Club, and Mizner Park.
This attractive and sought after address translates in high demand. Prices have not dropped as much as other coastal communities due in part to the limited supply of waterfront condos.
Luxury beachside waterfront (Intracoastal or Ocean) condominiums range in price from $550k for a two bedroom unit, to the multi-million dollar spectacular penthouses.
Popular mid-luxury direct oceanfront condominiums priced under $750k include Marbella, Chalfonte, Sabal Shores, Sabal Point (55+), Sabal … (0 comments)

condos: Boca Raton offers limited opportunities for the luxury waterfront condo buyer. - 11/02/09 02:57 AM
Boca Raton is the southernmost coastal city of Palm Beach County. Rich in history, its name evokes sandy beaches, upscale golf communities, the Boca Raton Resort and Club, and Mizner Park.
This attractive and sought after address translates in high demand. Prices have not dropped as much as other coastal communities due in part to the limited supply of waterfront condos.
Luxury beachside waterfront (Intracoastal or Ocean) condominiums range in price from $550k for a two bedroom unit, to the multi-million dollar spectacular penthouses.
Popular mid-luxury direct oceanfront condominiums priced under $750k include Marbella, Chalfonte, Sabal Shores, Sabal Point (55+), Sabal … (0 comments)

condos: The Boca Raton waterfront market is heating-up... - 10/31/09 11:38 AM
We have started getting more inquiries and showings in the past few weeks. This season promises to be better than the last.
Our waterfront market in Boca Raton does not offer much in terms of attractive short sales and foreclosures. Therefore, the deals are made through negotiations with motivated sellers.
The hiring of an Agent to handle your transaction is an important decision. Please call me to find out why my clients chose me over other agents.
Visit www.EliteWaterfront.com for current Waterfront homes and condos Sales and Listings.Selling the Best Waterfront Homes and Condos from Palm Beach to South BeachBen Giordano, … (0 comments)

condos: Boca Raton offers few opportunities for the luxury waterfront condo buyer. - 10/31/09 01:47 AM
Boca Raton is the southernmost coastal city of Palm Beach County. Rich in history, its name evokes sandy beaches, upscale golf communities, the Boca Raton Resort and Club, and Mizner Park.
This attractive and sought after address translates in high demand. Prices have not dropped as much as other coastal communities due in part to the limited supply of waterfront condos.
Luxury beachside waterfront (Intracoastal or Ocean) condominiums range in price from $550k for a two bedroom unit, to the multi-million dollar spectacular penthouses.
Popular mid-luxury direct oceanfront condominiums priced under $750k include Marbella, Chalfonte, Sabal Shores, Sabal Point (55+), Sabal … (0 comments)

condos: Boca Raton offers limited opportunities for the luxury waterfront condo buyer. - 10/30/09 05:04 AM
Boca Raton is the southernmost coastal city of Palm Beach County. Rich in history, its name evokes sandy beaches, upscale golf communities, the Boca Raton Resort and Club, and Mizner Park.
This attractive and sought after address translates in high demand. Prices have not dropped as much as other coastal communities due in part to the limited supply of waterfront condos.
Luxury beachside waterfront (Intracoastal or Ocean) condominiums range in price from $550k for a two bedroom unit, to the multi-million dollar spectacular penthouses.
Popular mid-luxury direct oceanfront condominiums priced under $750k include Marbella, Chalfonte, Sabal Shores, Sabal Point (55+), Sabal … (0 comments)

condos: Fort Lauderdale offers several opportunities for the luxury waterfront condo buyer. - 10/28/09 04:07 AM
Fort Lauderdale offers many options in the Luxury Waterfront Condominium market. Fort Lauderdale offers beautiful sandy beaches and a popular boardwalk lined with restaurants, hotels, and condotels.
Luxury beach-side waterfront condominiums range in price from $650k to the multi-million dollar spectacular penthouses.
Popular mid-luxury condominiums priced under $1m include The Vue (2 towers south of Oakland Park), L'Ambiance (Galt Ocean Mile, north of Oakland Park), Jackson Tower (Intracoastal side, north of Las Olas Blvd), Coconut Grove Residences (North of 17th St Causeway, on the Ocean), Il Lugano, L'Hermitage (at Oakland Park Blvd), Las Olas Beach Club (just north of Las Olas … (0 comments)

condos: Fort Lauderdale offers several opportunities for the luxury waterfront home buyer. - 10/26/09 09:52 AM
Fort Lauderdale is also known as the Venice of America or the Yachting Capital of the World. The choices in waterfront homes abound and range in prices from a low $600k for a small fixer upper on an interior canal, to the multi-million dollar Estates on the Intracoastal. Prices have dropped and many buying opportunities exist.
Luxury waterfront homes and Estates are typically found in several neighborhoods east or west of the Intracoastal:Fort Lauderdale oceanfront homes and Estates are typically priced in the $1.2m to $6m range on less than 1/4 to 1/2 acre lots.
East side of the Intracoastal, popular … (0 comments)

condos: Lauderdale By The Sea offers several opportunities for the luxury waterfront condo buyer. - 10/26/09 05:16 AM
Lauderdale by the Sea is a hidden seaside gem located just north of Fort Lauderdale.
Luxury waterfront condos include Aquamarine, Aquazul, Cristelle, and Europa. Typical prices are in the $800k to $2m. These complexes offer large 3 bedrooms, great amenities, and spectacular views of big blue.
Waterfront homes typically range from $600k for a fixer-upper/teardown to $3m for a newer Intracoastal Estate.
South Florida communities offering Oceanfront and Intracoastal Estates include Palm Beach, Manalapan, Delray Beach, Highland Beach, Boca Raton, Hillsboro Beach (Hillsboro Mile), Fort Lauderdale, and Golden Beach.
Visit www.EliteWaterfront.com for current Waterfront homes and condos Sales and  Listings.Selling the Best … (0 comments)

condos: Price it right if you want to sell it. Do you know your competition? - 10/25/09 03:02 AM
Most of us are familiar with the concept of shopping around before making a major purchase. But when we are selling we tend to forget to think like buyers.
All buyers are looking for a deal. Any buyer wants to get more for their money.
Most sellers focus on their specific subdivision, immediate area, or condo building. In the market I serve which is the luxury waterfront, buyers tend to show flexibility in location and product.
As a seller, not only are you competing with properties within your immediate area, but also with ones in other communities.
Product flexibility is where … (1 comments)

condos: Is it still a buyer's market in Boca Raton? Are you sure? - 10/21/09 02:57 AM
The market I serve is the luxury waterfront (homes and condos) along the coastline of south Florida from Palm Beach to South Beach.
Boca Raton is a very attractive coastal community and demand for waterfront properties is high.
What we have seen happen overall in the past few years is a gradual shift from a buyer's market on paper to a seller's market in real life. Allow me to explain:
On paper and MLS search may yield dozens and even 100+ properties that match basic criteria like number of bedrooms, number of bathrooms, and price range. So far so good right ?
(0 comments)

condos: Is it still a buyer's market in Highland Beach ? Are you sure ? - 10/21/09 02:55 AM
The market I serve is the luxury waterfront (homes and condos) along the coastline of south Florida from Palm Beach to South Beach.
Highland Beach is an attractive beach town that offers many options in Luxury condos, Intracoastal Estates, and Oceanfront Estates.
What we have seen happen overall in the past few years is a gradual shift from a buyer's market on paper to a seller's market in real life. Allow me to explain:
On paper and MLS search may yield dozens and even 100+ properties that match basic criteria like number of bedrooms, number of bathrooms, and price range. So far … (0 comments)

condos: Is it still a buyer's market in Delray Beach ? Are you sure ? - 10/21/09 02:53 AM
The market I serve is the luxury waterfront (homes and condos) along the coastline of south Florida from Palm Beach to South Beach.
The coastal area of Delray Beach offer more choices in Luxury waterfront homes and Estates than condos.
What we have seen happen overall in the past few years is a gradual shift from a buyer's market on paper to a seller's market in real life. Allow me to explain:
On paper and MLS search may yield dozens and even 100+ properties that match basic criteria like number of bedrooms, number of bathrooms, and price range. So far so … (0 comments)

condos: Is it still a buyer's market in Manalapan ? Are you sure ? - 10/21/09 02:51 AM
The market I serve is the luxury waterfront (homes and condos) along the coastline of south Florida from Palm Beach to South Beach.
Manalapan is a very upscale residential community south of Palm Beach that offers one of the ultimate location for the wealthy buyer looking for an Ocean to Intracoastal Estate.
What we have seen happen overall in the past few years is a gradual shift from a buyer's market on paper to a seller's market in real life. Allow me to explain:
On paper and MLS search may yield dozens and even 100+ properties that match basic criteria like number … (2 comments)

condos: Is it still a buyer's market in Palm Beach ? Are you sure ? - 10/21/09 02:49 AM
The market I serve is the luxury waterfront (homes and condos) along the coastline of south Florida from Palm Beach to South Beach.
Palm Beach offers one of the ultimate address for the very wealthy looking for their spot in the sun. Finding a well priced property is a real challenge in this market. Inventory is tight and prices are still high.
What we have seen happen overall in the past few years is a gradual shift from a buyer's market on paper to a seller's market in real life. Allow me to explain:
On paper and MLS search may yield dozens and even 100+ … (0 comments)

condos: Highland Beach offers excellent opportunities for the waterfront buyer. - 10/17/09 04:03 AM
Highland Beach is a small beachside town located in Palm Beach County, just north of Boca Raton. Boca raton has historically been the playground of the wealthy with such recognizable landmarks as the Boca Raton Resort and Club, Mizner Park, and its numerous high end Golf Communities.
For the wealthy buyer, Highland Beach offers the opportunity to buy a unique Oceanfront or Intracoastal Estate or build your own. Typical prices for Oceanfront Estates start at $5,000,000. Direct frontage on the Intracoastal allows docking larger Yachts (up to 150' for some Estates). Intracoastal Estates typically start at $4,000,000.
Highland Beach also offers numerous options in … (0 comments)

condos: Prices are down in this hidden gem of a beach city. - 10/15/09 02:58 AM
Lauderdale by the Sea is often overlooked by buyers, but it is a small beach town just north of Fort Lauderdale that offers several oceanfront luxury condominiums with a quieter setting than Fort Lauderdale.
Values have gone down by at least 30% and savvy buyers are now snapping up great buys in this city.
Contact me for the latest listings or if you are considering selling your Lauderdale by the Sea property.
 
Ben Giordano, MBA, REOS, CDPE, Realtor®Fluent in French and English.
www.EliteWaterfront.com
Selling the best waterfront homes and condos from Palm Beach to South Beach.
 
(0 comments)

 
Ben Giordano (RE/MAX Sun & Sea)

Ben Giordano

Boca Raton, FL

More about me…

RE/MAX Sun & Sea

Mobile: (561) 929-9955

Fax: (888) 840-9283

Email Me



Links

Archives

RSS 2.0 Feed for this blog