Weston Short Sales Market Update
March 10th, 2010 categories: General RE Info, Market Update, short sales
Weston Short Sale Inventory is Leveled
Weston Short Sales for Sale have been decreasing by a couple of points as time goes by. It’s not a significant number but the good news is that the percentage has not increased.
Regarding Short Sale Properties there are Pending Sales input as under contract as far back as April 2008. We never know if the information is totally accurate because not always the information is updated in the MLS in a timely manner as it should.
There are as of Today 8 Active Short Sale Listings in the MLS over $1,000,000.
Thinking of selling your home? Now might be a good time to put it on the market when the inventory of great properties for sale is low. For a FREE market analysis of your property contact me.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
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Weston Single Family Homes Sold in Weston on February 2010
March 10th, 2010 categories: General RE Info, Market Update
There were 37 Closed Sales in Weston during the month of February, 2010.
Of those Sales:
15 were paid Cash (40.5%)
5 FHA Financed (13.5%)
17 Conventional Loans (46%)
The number of cash transactions is still very high and competing against cash buyers when presenting offers may be challenging. On the other hand it’s encouraging to see that some FHA’s went through.
Almost 70% of the sales were regular sales and 30% of the sales were distressed sales (5 short sales and 6 Foreclosures/REO’s).
Thinking of selling your home? Now might be a good time to put it on the market when the inventory of great properties for sale is low. For a FREE market analysis of your property contact me.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
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Banks & HAFA-Home Affordable Foreclosure Alternative Program
February 24th, 2010 categories: General RE Info, Tips For Buyers, Tips for Sellers
Encouraging Short Sales as an Alternative to Foreclosure
In an effort to help distressed homeowners the Treasury Department released in November Guidelines to reduce the number of Foreclosures and ease the Short Sale Process. The program should be in effect on April 5th, 2010. Short Sales have been streamlined by Banks as time goes by it’s still a lengthy and painful process. In average a successful Short Sale Transaction had 2 or 3 Buyers during the process. The first one either tired or waiting or not interested in the price the Bank countered at opened the door for second or third Buyers.
Bank of America, is particularly known for its lengthy Short Sale Time line specially with Countrywide Loans. The process will be streamlined through the use of an interactive website easing communication and document uploading. Their goal is to offer pre-approved short sale solicitations and provide approvals within 2 weeks from the time an offer is submitted.
If you are a Bank of America borrower and you are considering a short sale, contact Bank of America Short Sale Team at 1-866-880-1232.
Wells Fargo created Field Short Sale Teams to provide local assistance to homeowners and their Real Estate Agents. Each case is reviewed by a Short Sale Specialist on site. Their goal is to obtain approvals within 7-10 Days and close in 37 days (from start to finish). For a limited time they are offering seller’s incentives to help with moving costs (your local short sale field rep will confirm availability).
If you need a market evaluation of your home to determine if you are facing a Short Sale scenario, please call me at (954) 588-7260 or e-mail me garcia.i@ewm.com
Make sure you list your property with a Real Estate Agent that will treat the Sale of your home with the same care and diligence as a non-distressed sale.
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Something Your Buyers Should Know About Title Before Closing On A REO Property
February 9th, 2010 categories: Tips For Buyers
The REO lender cannot require, as a condition of sale, that the buyer purchase title insurance from a particular title company. The buyer of REO property has a right to choose the closing and title company and pay for buyers own title policy. Section 9 of RESPA prohibits a seller from requiring the home buyer to use a particular title insurance company, either directly or indirectly, as a condition of sale. In fact, a clause in a purchase agreement that has the effect of forcing the buyer to obtain and pay for a title insurance policy from a specific title company is illegal. The only way a seller can ask that a buyer use a particular title company is if the seller pays 100% of all title insurance and related title costs. We urge buyers to stand up for their right to choose the title company if the buyer will pay for the policy.
For additional information please contact Marisa Pia Capua of EWM Title at 305.960.3067.
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Reduce your risk of online fraud
February 9th, 2010 categories: Tips For Buyers
On line fraud can be costly and annoying and can cause harm to your computer. Below are some tips from Microsoft to help you reduce your risk of online fraud.
Signs of a scam
To help protect yourself from scammers lookout for these six things .
- Generic introductions such as “Dear Customer,” which indicate that the sender does not know you and should not be trusted.
- Alarming or urgent statements that require you to respond immediately.
- Requests for personal or financial information, such as user names or passwords, credit card or bank account numbers, social security numbers, date of birth, or other information that can be used to steal your identity.
- Misspellings and grammatical errors, including Web addresses. The Web address might look very similar to the address of a legitimate business, with a minor change. For example, instead of www.microsoft.com, the scammer might use www.micrsoft.com. For more information, see Typos can cost you.
- The text of the link in the e-mail message is different from the Web address that you are directed to when you click the link. You can determine the actual Web address for a link by hovering over the link without clicking it. The Web address appears in a text box above the link.
- The “From” line in the original e-mail message to you shows a different Web address than the one that appears when you try to reply to the message.
What should you do if you notice suspicious activity?
If you think an e-mail message might be fraudulent, Microsfoft recommends taking the following precautions.
- Delete the message. Do not respond or click links in it.
- Report any suspicious activity. (See below for contact information.)
- If you believe that someone is using your Windows Live account, you can reset your password. Go to http://login.live.com and click Forgot your password?
- Fraudulent e-mail messages sometimes contain unwanted or malicious software (also known as malware). If you think you might have malware on your computer, go to safety.live.com and scan your computer to check for and remove unwanted software.
For more helpful tips from Microsoft or to report suspicious activity click here.
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Weston Homes for Sale and Sold-Real Estate Market Trends as of 2/1/2010
February 1st, 2010 categories: Bonaventure, Country Isles, Emerald Estates, Market Update, North Lakes, Savannah, The Islands, The Lakes, The Meadows, The Ridges, The Springs, Tips For Buyers, Weston Hills Country Club, Windmill Lakes Estates
As of February 01, 2020 there are 318 Active Single Family Homes Listed in Weston,Fl
On the month of January, 2010 there were 32 Closed Sales
The proportion of Short Sales and regular sales have not changed much in the last few months.
For a detailed view of the Single Family Homes that closed in Weston on January 2010 click here.
If you want to compare with November and December activity you can read the related articles:
December 2009 Market Update
November 2009 Market Update
*Some Closed Sales may not be recorded yet in the MLS as of 2/1/2010
Thinking of selling your home? Now might be a good time to put it on the market when the inventory of great properties for sale is low. For a FREE market analysis of your property contact us.
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I-595 Work to Start in March-April 2010
January 27th, 2010 categories: Community Information, Living in Weston
The Project should be completed by 2014!
I-595 is of the the highways that connects Weston with the East side of Broward County.
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Weston,Fl 2010 Bulk Trash Pick Up Dates
January 24th, 2010 categories: Community Information, Living in Weston
Four times a year we have the opportunity to get rid of our Junk!
The first one from this year occurred last week.
Bulk Trash collection will take place the following Dates in 2010:
April: 21, 22, 23 for Single Family Homes and the 24th (Saturday) for Multi-Family Units
July: 21, 22, 23 for Single Family Homes and the 24th (Saturday) for Multi-Family Units
October: 20, 21, 22 for Single Family Homes and the 23rd (Saturday) for Multi-Family Units
Single Family Homes: Regular collection day Wednesday, Thursday or Friday. Your trash should be at curbside by 7:00 AM
Multi-Family Units: Saturday. Your trash must be next to the dumpster by 7:00 AM.
NO HAZARDOUS WASTE MATERIALS WILL BE COLLECTED!
As per the City of Weston site:
“Bulk collection items are those items that are not disposed of in your regular commercial container.
Read the rest of this entry »
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Another Informative Online Marketing Seminar!
January 21st, 2010 categories: Community Information, Events
My Weston Blog and Weston Chamber of Commerce Join Efforts to Help the Local Businness Community
Having a well thought strategy has always been the key of succesful Marketing Campaigns; moreover with the array of online resources available. Since October 2009 we have been working together with the Weston Chamber of Commerce to provide relevant information to local Businesses on how to position themselves online.
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Good News for Broward/Dade Commuters! Finally Public Transportation
January 21st, 2010 categories: Pembroke Pines, Services, Worth Sharing
The Program Starts on January 25th,2010
Public transportation is one of the most neglected services in our County. We are very pleased to announce that this may be one of the many baby steps needed to ease this problem.
Bus Routes have been created, the Service will operate on weekdays at peak hours, departing every half hour from six Locations in Broward to Downtown Miami:
*4 Locations in Hollywood/Pines Blvd. at Falmingo Rd, University Dr., State Rd 441 and I-95 9Tri-Rail Station)
*Fort Lauderdale Tri-Rail Station at Broward Blvd.
*Sheridan Tri-Rail Station
For additional information about the service click here
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