Pembroke Pines and Miramar FL real estate

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Real Estate Agent - London Realty Corp.
I'll be posting information that I feel local buyer and sellers of real estate will find helpful.

ARCHIVED BLOG POSTS

2009 

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We are starting to see offers getting accepted by banks that are not lowball offers in the true sense of the word, but that are significantly less than asking price.  However, there is no shortage of people wishing to place REAL lowball offers that do not get anyhwere.  For example, on a lot I ha...
01/29/2009
EXAMPLES:   On a BANK-OWNED (REO) property, the private lender will buy back the note from the investor for approximately 80% of the note value, at a simultaneous close.   BANK-OWNED: Investor agrees to buy a home from a bank for $400k (property worth $700k). Investor agrees to sell to end buyer ...
01/27/2009
HERE ARE SOME EXAMPLES OF TYPES OF DEALS THAT CAN BE HAD TODAY UTILIZING PRIVATE EQUITY:   EXAMPLES:   On a BANK-OWNED (REO) property, the private lender will buy back the note from the investor for approximately 80% of the note value, at a simultaneous close.   BANK-OWNED: Investor agrees to buy...
01/27/2009
WE HAVE SEVERAL BUYERS UTILIZING HARD EQUITY LENDERS AGAIN.  HERE'S THE REASON, PROPERTIES ARE LISTED LOW, FOR EXAMPLE, $75,000.  IF THE BUYER CAN GET A $150K APPRAISAL, AND THE HARD EQUITY LENDER WILL LOAN UP TO 50% OF APPRAISES VALUE, A BUYER CAN OBTAIN PROPERTY AGAIN FOR LITTLE MONEY. IF THIS ...
01/26/2009
BUY VACANT LAND WHEN NOBODY ELSE IS!!  LEAST EXPENSIVE LOT IN ENTIRE COMMUNITY!  PERFECT FOR THE CONTRARIAN INVESTOR!  BUY AND BUILD OR BUY AND HOLD IT'S UP TO YOU!  BUILDER'S ACRE LOT IN AN EXCLUSIVE GATED COMMUNITY FEATURING CUSTOM ESTATE HOMES. CHOOSE YOUR OWN BUILDER, NO SPECIFIC TIMEFRAME TO...
01/23/2009
Everyday more and more investors are calling looking to purchase properties to buy and rent out.  It is now finally possible to do this and have a positive cash flow.  However, even in this market there are some very important factors to consider: What are current taxes?  Two almost identical pro...
01/21/2009
The most important thing to know as a buyer today is that as of January 1, 2009, the absolute minimum down payment amount is 3.5%.  The good news is that some or all of this money can be gift funds.  One of the benefits of an FHA mortgage is that they have the highest allowable seller contributio...
01/13/2009
Ok, time to vent.  Why is it that when we as buyer agents submit a full offer with copy of escrow deposit and proof of funds/mortgage, we have to chase down listing agents??  Are they so busy that they cannot respond in a timely manner?  Do they sell all their listings by themselves?  Are they ju...
01/09/2009
    Just 45 minutes off the coast of South Florida for less than $250,000 an acre for a limited time.  We are offering this property prior to the launch of a national marketing campaign the first of the year.    This island is a beautiful, quiet island, like nothing else in the Bahamas.  It is a...
01/09/2009
Another of the many questions we receive from buyers is "How can I get a great deal on a foreclosed property?" I cannot tell you how many times I get a call from someone that sees a $300k home on the internet and because it is owned by the bank they want to offer $190k.  I won't waste my time or ...
01/08/2009
Rainer
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Steven Angelil

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