Fort Lauderdale Real Estate

Square Footage Costs Higher in Suburbs than Cities

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A fall study comparing price-per-square-foot costs found the highest increase in urban areas of Fla., notably hurricane-hit Cape Coral, North Port and Tampa. SEATTLE – As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with that of urban centers, according to … Read more

RE Q&A: Does Condo Association Pay for Leak Under Slab?

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Check your documents, but generally, the association is responsible for what is inside the walls, the exterior of the building, and the common areas. The unit owner is responsible for the inner wall and what is inside their apartment. Q: We had a water leak below the slab at our condo. We filed a claim … Read more

Need Help with Home-Hardening? Apply by Phone

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Fla. homeowners can now apply by phone to the My Safe Florida Home program for up to $10K to improve and strengthen roofs, windows and exterior doors. FORT LAUDERDALE, Fla. – Florida homeowners with no internet access or limited patience to navigate online application portals may now apply by phone for up to $10,000 toward home-hardening improvements. The state-funded … Read more

More Sellers Decide to Delist Their Homes

One agent’s take: “Some sellers are having a hard time grasping that we’re not in a housing-market frenzy anymore … that they missed the boat on getting a high price.” SEATTLE – One out of every 50 housings listed for sales – a record 2% – were delisted each week on average during the 12 weeks … Read more

Forego Insurance? Owners with Loans Can’t Opt Out

“It’s too expensive,” isn’t a good excuse. Lenders can “force-place” insurance that owners must pay – and that coverage protects the lender more than the owner. FORT LAUDERDALE, Fla. – Question: Our mortgage was set up so that we directly pay the property taxes and insurance. Our insurance renewal bill went way up, and we … Read more

How to Reach Your Insurance Company?

Here’s a list of most Fla. insurance companies – their websites, phone numbers and other pertinent post-disaster information. FORT LAUDERDALE, Fla. – Here are phone numbers, websites and email addresses for property insurance companies serving Florida. Unless they need emergency repairs, policyholders are urged to first contact their insurers with damage claims before signing over … Read more

Can Condo Board Hire Firm Without Residents’ Input?

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Real Estate Q&A: The condo board hired a firm to remove iguanas from common areas. Can they do that without a vote? Yes, under the “business judgement rule.” FORT LAUDERDALE, Fla. – Question: Recently, our condominium’s board announced that our maintenance dues would go up next year. A week later, we received a newsletter stating … Read more

ARMS Are on the Rise as Interest Rates Soar

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Facing higher home prices and rising interest rates, some buyers are now turning to adjustable-rate mortgages to bring down their costs, at least initially. FORT LAUDERDALE, Fla. – As interest rates shoot up, some buyers are turning to a different, and slightly more risky type of mortgage. Adjustable-rate mortgages, known as ARMs, have seen an … Read more

RE Q&A: Should I Sue for My Condo Flood Damage?

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A condo dweller says a faulty valve in the unit above him flooded his home – but the owner above him has no insurance. Must he sue to recoup damage costs? FORT LAUDERDALE, Fla. – Question: The apartment above ours had a flood caused by a faulty valve that damaged my apartment. I have a … Read more

Condo Q&A: Unit Owner Tells Vendors What to Do

In a common problem, one condo-unit owner tries to tell landscapers how do their job, but the association employs them – not that individual owner. FORT LAUDERDALE, Fla. – Question: I am a newly elected director at my condominium association. Our community just turned over from developer control on January 31, 2022. We are trying … Read more