Fort Lauderdale Real Estate

Latest Scam: Fake Grandson and Dead ‘Grandmother’

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TAMARAC, Fla. – A man posed as a dead woman’s grandson to steal her home, moving into her three-bedroom Tamarac residence, with plans to eventually sell it, the Broward Sheriff’s Office says. Braden Emdin, 38, is accused of gaining access to the home, squatting there, and then planning to flip the home for about a … Read more

NAR Names 2 Fla. Realtors ‘Good Neighbor’ Finalists

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But these Realtors aren’t just “good” – they’re great. Fort Lauderdale’s Kasia Maslanka and Palm Coast’s Sandra Shank are 2023 NAR “Good Neighbor” finalists. WASHINGTON  – The National Association of Realtors® (NAR) selected 10 Realtors as finalists for its annual “Good Neighbor Awards,” and two of them call Florida home: Kasia Maslanka, a Realtor from … Read more

1 in 3 For-Sale Homes Are Newly Built

Of all homes buyers could consider in the second quarter, 31.4% were new construction – the highest 2Q percentage on record. Pre-pandemic it was 17%. SEATTLE – Newly built homes made up nearly one-third (31.4%) of all single-family home listings on the market nationwide in the second quarter, according to a report from Redfin, the … Read more

Homes in ‘Upward Mobility’ Areas Cost 38% More

It’s not just the house: Some neighborhoods offer more opportunities. In Fla., the home price difference between high- and low-opportunity areas runs as high as 64%. SEATTLE – In a high-opportunity neighborhood, children who grew up in low-earning households went on to become higher earning adults than the typical person who grew up in their … Read more

RE Q&A: What to Do About a Blocked Condo View?

Once upon a time, a condo had a dynamic golf course view, but a developer bought it and the view now is two overgrown trees. Are there options? FORT LAUDERDALE Fla. – Question: When I bought my condo, my building had the best golf course view from my screened porch. However, the golf course faced … Read more

RE Q&A: Who Pays for Common Space Damage?

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In a single-family-home HOA, one homeowner damaged common space. Does that owner pay for repairs or does the HOA – meaning all homeowners – pay? FORT LAUDERDALE, Fla. – Question: We live in a single-family home where our homeowners’ association takes care of some items customarily left for individual owners. The monthly dues cover water, … Read more

First-Timers’ Need 13% More Income this Year

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Nationally it’s 13%, but in Fort Lauderdale it’s 28% – the highest in the U.S. In Miami, a first-time buyer needs to earn 25% more than they did a year ago. SEATTLE – A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% ($7,200) from June a … Read more

RE Q&A: ‘As-Is’ Contract OK for Flipped Home?

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A prospective buyer of a renovated home worries that an “as-is” contract may release the seller from not-yet-discovered problems. Should they sign it? FORT LAUDERDALE, Fla. – Question: We are looking to purchase our new home from a real estate renovator who bought it last year and fixed it up. The contract has a lengthy, … Read more

RE Q&A: Cosign if a Boyfriend Has Lousy Credit?

A man with a good job failed to qualify for a home loan because he has bad credit. What are the pros/cons if his less wealthy, creditworthy girlfriend cosigns? FORT LAUDERDALE, Fla. – Question: My long-term boyfriend has lousy credit but makes a good living and wants to buy a house and stop renting. I … Read more

Will Mortgage Rates Keep Rising? Probably Not

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The 30-year mortgage rate moved closer to the 7% range, but most experts still predict wobbling rates in the upper-6% range. FORT LAUDERDALE, Fla. – With home prices in South Florida still on the rise, the ebb and flow of mortgage rates is making the market tricky for buyers and sellers. Mortgage rates reached 6.9% … Read more