Fort Lauderdale Real Estate

Redfin: Typical Monthly Housing Payment Drops

Mortgage rates dropped to their lowest level in months. Four Florida cities lead the nation with biggest YoY median sale price increases and new listings. SEATTLE — The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s all-time high, according to a new report from … Read more

Buyer Can’t Get Financing: Now What?

RE Q&A: Can the seller keep the deposit, since there is a signed contract? It depends on the financing section of your contract, timing and other specific details. FORT LAUDERDALE, Fla. – Question: We recently signed a contract to sell our home. Yesterday, our real estate agent told us the buyer was canceling because they … Read more

A Playbook for Working With First-Time Buyers

WASHINGTON – A house is typically the largest investment people make. It keeps some up at night, worrying if they’ve budgeted properly to afford the downpayment and the maintenance of the home on top of their regular expenses like food and transportation. The process is an emotional one. Help potential buyers by walking them through … Read more

Can HOAs Ban Politicking? | Florida Realtors

An HOA is considering a ban on political speech in a neighborhood, including door knocking and lawn signs. Is this legal? FORT LAUDERDALE, Fla. – Question: With the upcoming elections, our association is considering banning politicking in our community. They want to stop everything from door knocks to lawn signs, all in an effort to … Read more

Florida Home to NAR 30-Under-30 Finalists

Galleria International Realty Thumbnail Image

Two Realtors from Florida are among the finalists for NAR’s 2024 30-Under-30 class. Voting for the Web Choice Winner opens April 3. ORLANDO – Two Florida young professionals – from Boca Raton and Fort Lauderdale – are among 50 real estate industry rising stars who embody innovation, determination and selflessness, vying for Realtor® Magazine’s 30 … Read more

Pool Deck Likely Origin of Surfside Condo Collapse

Galleria International Realty Thumbnail Image

Federal investigators analyzing the 2021 Surfside condo collapse said they think there is conclusive evidence that a pool deck collapsed before the tower. A final report won’t be ready until 2025. FORT LAUDERDALE, Fla. – A federal probe into the June 2021 collapse of a Surfside condo tower that left 98 people dead continues to … Read more

South Florida Condo Buyouts May Change the Skyline

MIAMI — South Florida saw the highest number of condominiums selling out to developers since the pandemic. More buyouts are in the pipeline, raising questions about the future of South Florida’s skyline. Miami-Dade and Broward saw 18 condo buyouts last year, the highest number since 2019 when both counties had a total of 23 buyouts, … Read more

Which States Have No Income Tax?

Galleria International Realty Thumbnail Image

CONYERS, Ga. – There are nine income tax-free states scattered across America. While tax-free income seems like paradise at first glance, it’s still important to understand the tax structures within these states are like a complex jigsaw puzzle. States still need to function, so some of the revenue puzzle pieces include sales tax, property taxes, and … Read more

Does Reverse Mortgage Have a Non-Recourse Clause?

Galleria International Realty Thumbnail Image

Check the paperwork and read for context. “Non-recourse” is more of a description of how a loan works than a direct term, so it could be described differently. FORT LAUDERDALE, Fla.– Question: We took out a reverse mortgage in 2011 and I thought I understood how it worked. However, having reviewed the documents, I cannot … Read more

What If You Can’t Pay Hefty Special Assessment?

RE Q&A: Communicate with your HOA or condo association. Most will try to address the issue with homeowners who have financial difficulties, but there are legal limits. FORT LAUDERDALE, Fla. – Question: Our condominium association recently passed a rather large special assessment to get some work done that we do not have enough money in … Read more