About Coconut Creek's The Township

Do you really know when to keep your mouth shut, even when everything inside you says you know what to say!!!

Yes - sometimes you need to just listen - and eventually what you desire will come out in the end...

Back to the story -

I received a phone call after a memorial service for my friends father in law - at a Catholic Church which was located on a beautiful strip called Galt Ocean Mile in Fort Lauderdale, Florida.

The phone call went like this - Hi - I got your number from a manager at the country club stating you were the agent to call if I wanted a property in Coconut Creek, Florida - at first I thought it was a joke from one of my friends at Re/Max - so I went along with it.

I asked all the hard questions like - if you found the house of your dreams - on a scale from one to ten - ten being the greatest - how would you base your desire to buy a home - well she said an enthusiastic yes!!!

I asked if she needed a loan - and she said it would be all cash - of course I asked if she had proof of funds - but diplomatically - well it is a business - I treat it like a business - real estate is business.

I told her that I had a property I knew was one of my pocket listings - one of the perks of doing business for years -

I took her and her husband over to the property - they fell in love.

That was the easy part - my seller decided to "lease" the property without my knowledge - hence keeping your mouth shut and listening.

Buyer wanted the property - and was a cash buyer...

Tenants loved the property and did not want to move -

You know what came next - ATTORNEY PHONE CALLS - Urrrgh!!!

The attorney called me and said I was threatening his client - strong arming and intimidating -

I said I must be a thousand feet tall according to what you are saying -

I let the attorney talk himself into what I say is "common ground" - there is always a solution...

Just have to keep quiet until it comes forth - there it was peace and compassion - both sides are see the light...

Closing at the end of the month - gotta love real estate!

I have a listing in Coconut Creek, Florida. It is a beautiful condo in the Township - a development by Minto Builders which did a spectacular job - and it still is as popular today as it was first built.

That being said, there are many subdivisions in the Township with individual condo associations. All ages are welcomed - but some have pet restrictions which are rather inconvenient to buyers and sellers -

Sellers want to sell the property to 100% of the buyer population - pet restrictions limit the numbers of buyers options - therefore primarily the price drops considerably because the property cannot be marketed to all pontential buyers.

Restrictions are helpful for the betterment of society - but when 70% of the American population actually have pets - it does limit the number of buyers for the property.

Supply and demand - I wonder what condo associations think when ratifying the condo docs to restrict pets?

Do they know that they are lowering the property value for the whole community?

New Law Which Gives A Condominium Owner The Right To Avoid A New Restriction In Renting In Florida

Recently, I was called by a condominium owner who purchased a condo with the purpose of renting the unit, without ever having the intention of living in the unit whatsoever. After purchasing the unit, and subsequently, renting the unit to a long term renter, the condo board decided to put up a vote to stop owners form renting their units. The vote was casts, and majority rules, renting was now abolished in the condominium sub-division, and added to the condominium documents.

Letters went to to all residents and owners, there will be no more renting as of this date. All leases will be honored until the 12 month lease terminates. Therefore, any owner who does not plan on moving back into the unit, must therefore sell the unit immediately.

Hence, the phone call and I was asked by this owner, what my professional opinion on this matter. I told the owner I was not an attorney, but I did cite a statue from the Florida Supreme Court ruling.

In the case of Woodside Village Condominium Association Vs. Jahren, the Florida Supreme Court ruled that a condominium's governing documents may be amended to restrict an owner's right to rent their unit. The investor-defendants argued that they relied on the documents, when they purchased the unit, which at the time allowed them unrestricted rentals. The courts specifically held that a buyer, when purchasing a condominium, must agree to the possibility that the documents may be amended.

In response to the ruling by the Supreme Court, The Florida Legislature passed, In July of 2004, a new law which gives a condominium owner the right to avoid a NEW restriction in the renting of their apartment if they voted against it, thereby keeping in tact the rules in existence when they purchsed the unit.

Owners of rental units, who voted no against changing the condo rules are thereby allowed to keep renting their units without fear of the condominium board. The board has no right, according to this law, to force owners to sell their units because of the rule change.

But, when and if they do sell their units, the next buyer who purchases the unit cannot rent the unit and must agree to follow all amended rule changes.

Just another reason to call a professional realtor. For more information, please don't hesitate to call.

Nicholas Goglucci, PA.

Re/max In Motion

954-650-7800