Fort Lauderdale Real Estate - Robin Sing-Cunningham

If you are a homeowner you may find interest in this video. It is also posted on the Fort Lauderdale Real Estate Blog and appears in better quality. What Is A Short Sale?

It's sunny and hot and it's summer in Fort Lauderdale. Along with fireworks and the boys of summer sweating it out on the field, it means something else to those of us who also have to deal with the dark side of paradise. It's Hurricane season!

Hurricane season brings the usual anxiety and when a new storm is named, the blood pressure of homeowners rises as the barometric pressure lowers.

With the level of foreclosures in the Fort Lauderdale real estate market coupled with the sub-prime crisis influencing the pricepoint of many homes, this declining market can ill afford the impact of a hurricane. Either physically, or mentally.

Buyers out there listen up. When a hurricane gets named this year, you need to be poised like a Great White smelling blood in the water.

Talk about your motivated selelrs! Lenders and property owners in distress will be looking to unload problem property very quickly. Bank owned homes in the Fort Lauderdale real estate market, already going for 30%-50% or more below market value will be reduced even further.

Banks don't want to own property, and the increased liability of a hurricane makes them even more motivated.

Read more about the impact of a hurricane on the Fort Lauderdale real estate market on the Fort Lauderdale Real Estate Blog.

Homebuying can be a tedious, time-consuming process that at times may seem to be an overwhelming task. By following the steps below, you will find yourself holding the keys to your brand new Fort Lauderdale real estate home!

Determine Your Budget

First, find out exactly what type of Fort Lauderdale real estate home or condo that you are eligible to purchase. You will take into consideration your credit score, income, monthly household expenses, down payment, and interest rate. A mortgage lender can be very helpful in assisting you to determine what you can afford and may offer information on homebuying assistance programs in your state. You can also use a mortgage calculator to assist you in devising a budget for your household.

Do Your Research & Get a Better Deal

Don't be too hasty to sign on the dotted line. Shop around with different lenders to get the best deal on your Fort Lauderdale real estate home or condo purchase. Negotiate to get the lowest interest rate and costs possible. It is a good idea to look into FHA home loan programs-they can be especially helpful to first-time home buyers.

Find Your Fort Lauderdale Dream Home!

Contact Fort Lauderdale's # 1 Buyer's Team to begin the search for your new Fort Lauderdale real estate home or condo.

You can search available Fort Lauderdale real estate homes or condos here. We would be happy to assist you in the process of selecting your perfect piece of Fort Lauderdale real estate!

Make Your Dream Home Yours

When you have decided to make a Fort Lauderdale real estate home or condo purchase, contact Fort Lauderdale's # 1 Buyer's Team to assist you in making an offer.

The seller may not accept your first offer so you may need to negotiate until both parties agree on the terms of the sale. Be sure to obtain a home inspection prior to closing and find the lowest price on homeowners insurance, if required by your lender. Finally, at the closing for your property, make sure that you read all of the documents you are given before you sign.

Now all you have left to do is to move into your new Fort Lauderdale real estate home!

It is advisable that if you are looking to buy your Fort Lauderdale real estate home or condo you are going to want to get the best mortgage rates that you can find. While you are searching for your Fort Lauderdale real estate home or condo it will be much easier if you know in advance that you are approved for a mortgage and you know that you can buy the home you desire.

Fort Lauderdale Real Estate Mortgage Report & Mortgage Rate Update

Mortgage rates are headed higher. Lock all rates at application, regardless of closing date.

The trend is clear; the Fed believes it has done all it can to stave off the banking crises and is now focusing its efforts on inflation. This morning, retail sales were up and the dollar is strengthening. If stagflation is the fear, the current strategy of targeting core inflation may be abandoned for the more radical Paul Volcker-style approach to tame inflation.

While I believe the higher mortgage rate cycle will be shorter than the 80-s style interest rate hikes, it's clear to me that Bernanke is talking differently than he did in 2006 and 2007. The effect? We could see mortgage rates rise as much as 2% in the next two years. I still believe that a five year ARM will offer the best solution because interest rates move in cycles; I think we'll see mortgage rates under 6% again in 2011. Today? The trend looks like we're headed higher.

What then, should be your strategy?

1- If you were thinking of refinancing your home loan, apply now. There will be little periods of weakness in rates this year and you should jump on any chance you have to get a 5/1 ARM under 6% or a 30 year fixed rate under 6.5%.

2- If you can't get the home loan you want today, get your documentation to me anyway. Secure an approval that is good for 90 days and wait for those periods of weakness to lock in the right rate.

3- If you were thinking of buying a home, mortgage rates are about as good as they'll get for the next two years. Get pre-approved, contact your REALTOR and start looking.

If you want to lock in on a mortgage for the Fort Lauderdale real estate home or condo that you are buying, then now is the time to do so. Jump on these low rates now.

Here some other posts you may find interesting...

• Many Prospective Home Buyers Don't Realize That Zero Down And Low Down Payment Programs Still Exist
• Fort Lauderdale Real Estate Mortgage Report & Mortgage Rate Update for the Week Of June 9, 2008
• Fort Lauderdale Real Estate Condominium Market Report And News For May 2008
• Fort Lauderdale Real Estate Market Report And News For May 2008
• Fort Lauderdale Real Estate Mortgage Report & Mortgage Rate Update for the Week Of May 26, 2008

Have you been waiting for someone to ring the bell and start the proverbial firesale. Well it's ringing loud and clear all over the Fort Lauderdale real estate market.

Fort Lauderdale Condos are on Sale! We're seeing prices that date back to 2001 and beyond. There are nearly 20,000 condominium units on the market here in the Fort lauderdale real estate area. Do you know what that means to the savvy buyer? That means Deals, Deals, Deals!!

Want to buy a condo in Fort lauderdale? We have buyers literally stealing condos from the developers down here. Even better candy? The bank owned condos are just about the most prime deals you'd want to see. We're looking at a brand new, never lived in townhouse that was purchased in 2005 for $599,900.00...it's on the market for $180,000.00 and we're advising our interested clients to offer about 15% below even that price.

Let's work together to see this market for what it is. It's a Buyer's delight and now is the time to buy a Fort Lauderdale condo or townhouse. You get to name your price, your terms and if the developer or bank doesn't like it..so what! On to the next prize. Their loss!

Well enough with the hard sell. If you want to buy a condo or townhouse in the Fort Lauderdale real estate market and you want to cut the best deal possible, give me a call. Fort Lauderdale's # 1 Buyer's Team will work for you to ensure you get the best possible price on a Fort Lauderdale real estate home or condo. We are aggressive and work exclusively with Buyers.

Condos in the Fort Lauderdale real estate market are available at huge discounts. If you have the right Realtor working for you that knows where to look you can find unbelievable deals.

We are seeing deals on condos in Fort Lauderdale at prices way below value. If you factor in the bank owned condos and townhouses in the Fort Lauderdale real estate market then you will see prices discounted by as much as 40%-50% or more!

If you think that in order to buy a discounted condo or townhouse in the Fort Lauderdale real estate market that you have to look at an old unit in a not so desirable neighborhood...you're wrong.

There are condos available not far from the nightlife of Downtown Fort Lauderdale and very near Fort Lauderdale Beach.

The developer's loss on these condos is your gain as there is so much inventory on the market you are just about assured of finding a Fort Lauderdale real estate condo or townhouse that you can buy at a substantial discount.

If you would like to search for condos for Sale in the Fort Lauderdale real estate area please search by clicking one of the search criteria below:

Condos For Sale In The Fort Lauderdale Real Estate Market

Luxury Condos For Sale In The Fort Lauderdale Real Estate Market

If you would like to know more about any of these this Fort Lauderdale real estate condos, or if you are considering purchasing or selling a condo in the Fort Lauderdale real estate area, please contact Robin Sing-Cunningham

For more information please visit my Fort Lauderdale Real Estate Blog