The most recent statistics from Case-Shiller, the National Association of REALTORS and Fannie Mae all suggest one thing, and that’s the cautious optimism that is emerging from home buyers across the country. The Coral Springs real estate market is no exception. Pending home sales were higher in January than they have been in years, which suggests more buyer activity and more confidence in home ownership. As Coral Springs real estate agents, we aim to be 100% honest with our clients about when is the best time to buy or sell a home. With the spring market approaching quickly and home buyer confidence on the rise, we feel that now is a fantastic time to buy a home in Coral Springs, FL.
Current economic conditions are incredibly favorable for Coral Springs home buyers. As your premier resource for everything Coral Springs real estate, we thought that we’d outline a few reasons why you shouldn’t wait to begin your home search.
Mortgage rates are at an all-time low. It seems that ever since the year began, mortgage rates have been decreasing and reaching record lows. This is great news for home buyers! Now, more people who have had trouble affording a home in the past are able to obtain financing for a manageable rate. A larger number of people can obtain the American dream of home ownership than ever before.
Home prices are on the decline. Sure, this is very frustrating for sellers; however if you’re a buyer, this is just another reason to start your home search sooner. National home prices are still very low, despite the rise in buyer activity throughout the nation. With the number of people who are starting their home search steadily increasing, home prices will start to go back up, eventually. Now would be the time to ensure that you close the deal while prices are low.
The inventory available is getting steadily smaller. A smaller housing inventory means a declining amount of houses for buyers to look at, meaning that prices will go up and more offers will be made on a decreasing number of homes. Before the inventory starts significantly shrinking, as it looks like it may in the near future, it would be wise to start your home search sooner rather than later. Buyers are just now starting to express a healthier optimism in the current real estate market, so starting the buying process early-on will allow you to get a home while prices and rates are still low.
As your Coral Springs real estate agents, we feel that it’s incredibly important that we advise our clients honestly about when the best time is to enter the real estate market. The most recent market statistics show that right now, home buyers should strongly consider beginning their Coral Springs home search this spring. The national economy is steadily improving, and home buyers are starting to feel confident enough to take the plunge and invest in a home. The market is advantageous for buyers, and we feel that anyone who was on the fence about buying over the past few years should really take the opportunity to do so now.
If you have any questions about buying a home on the Coral Springs real estate market, don’t hesitate to contact us! We’d be happy to steer you in the right direction. We hope to hear from you soon!
Joy Carter and Jeff Booker
Great Florida Homes Team
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REAL ESTATE UPDATE FOR BROWARD COUNTY & PALM BEACH COUNTY
February 2012
Broward County includes well known cities of Coconut Creek, Coral Springs, Deerfield Beach, Fort Lauderdale, Highland Beach, Hillsboro, Lighthouse Point, Parkland, Plantation, Sunrise, Tamarac and Weston.
There are currently 5635,Single Family Homes LISTED FOR SALEin Broward County.
2592 priced under $250,000
1527 priced between 250,001 and $500,000
528 priced between $500,001 and $750,000
312 priced between $750,001 and $1,000,000
262 priced between $1,000,001 and $1,500,000
117 priced between $1,500,001 and $2,000,000
296 priced over $2,000,000
For the month of February, 713,Single Family Homes SOLD in Broward County.
452 were sold under $250,000
186 were sold between 250,001 and $500,000
41 were sold between $500,001 and $750,000
17 were sold between $750,001 and $1,000,000
11 were sold between $1,000,001 and $1,500,000
4 were sold between $1,500,001 and $2,000,000
2 were sold over $2,000,000
There are currently 6685, Multi-Family Homes LISTED FOR SALEin Broward County. Multi-Family Homes include condos, town homes, villas, coops, all attached and or unattached as well as single story to multi levels.
1790 are priced under $250,000
1068 are priced between 250,001 and $500,000
292 are priced between $500,001 and $750,000
164 are priced between $750,001 and $1,000,000
120 are priced between $1,000,001 and $1,500,000
56 are priced between $1,500,001 and $2,000,000
54 are priced over $2,000,000
For the month of February, 1120 Multi-Family Homes SOLD in Broward County.
Note that many of the lower priced multifamily homes are located in Adult only communities with a over the age of 55 requirement to live there.
1015were sold under $250,000
76 were sold between 250,001 and $500,000
16 were sold between $500,001 and $750,000
8 were sold between $750,001 and $1,000,000
5 were sold between $1,000,001 and $1,500,00
4 were sold between $1,500,001 and $2,000,000
None were sold over $2,000,000
Palm Beach Countyincludes well known cities of Boca Raton, Boynton Beach, Delray Beach, Greenacres, Lake Worth, Wellington and West Palm Beach.
There are currently 5449, single family homes listed For Sale in Palm Beach County.
1964 priced under $250,000
1576 priced between 250,001 and $500,000
585 priced between $500,001 and $750,000
374 priced between $750,001 and $1,000,000
374 priced between $1,000,001 and $1,500,000
191 priced between $1,500,001 and $2,000,000
432 priced over $2,000,000
For the month of February, 684 Single Family Homes SOLD in Palm Beach County. (Selected Cities Referenced).
481 were sold under $250,000
143 were sold between 250,001 and $500,000
27 were sold between $500,001 and $750,000
12 were sold between $750,001 and $1,000,000
10 were sold between $1,000,001 and $1,500,000
5 were sold between $1,500,001 and $2,000,000
6 were sold over $2,000,000
There are currently 5445, Multi-Family Homes LISTED FOR SALEin Palm Beach County. Multi-Family Homes include condos, town homes, villas, coops, all attached and or unattached as well as single story to multi levels.
4129 are priced under $250,000
777 are priced between 250,001 and $500,000
241 are priced between $500,001 and $750,000
139 are priced between $750,001 and $1,000,000
70 are priced between $1,000,001 and $1,500,000
33 are priced between $1,500,001 and $2,000,000
66 are priced over $2,000,000
For the month of February, 769 Multi-Family Homes SOLD in Palm Beach county. (Selected Cities Referenced).
706 were sold under $250,000
43 were sold between 250,001 and $500,000
12 were sold between $500,001 and $750,000
4 were sold between $750,001 and $1,000,000
3 were sold between $1,000,001 and $1,500,000
None were sold between $1,500,001 and $2,000,000
One was sold over $2,000,000
To see specific details on a specific category of homes actively for sale or sold,
please email us at Team@GreatFloridaHomes.com and we will forward the
information for your reference or review.
Information deemed reliable as provided by the Realtor Association of Greater Fort Lauderdale
and the Realtor Association of the Palm Beaches.
In summary - Listings and Sales were down in both counties, with the exception of Multi Family Sold in Broward, sales were up quite a bit. Single Family Sold in Palm Beach was up a bit as well as the Listings for Multi - Family Homes. On a personal note, our business has increased dramatically. We have average over a million in sales for January and February, whereas the same time period last year was just a couple of Hundred thousand in sales.
Throughout our many years as Coral Springs, FL real estate agents, we can’t tell you how many people we have come across who don’t think that they need professional help during their real estate transaction. We’re not saying that buying or selling a home on your own is impossible, but there are so many benefits to using a Broward County real estate professional that we hate to see people go to unnecessary measures to complete their home sale or purchase. Making the decision to buy or sell a Coral Springs home is an exciting one; however it can also be incredibly stressful if you don’t know how to navigate the local real estate market.
In order to help you avoid unnecessary headaches, stress and anxiety during your Coral Springs real estate transaction, we thought that we’d take a little bit of time to explain some of the benefits of using a Coral Springs real estate agent. After reading through these, we think that you’ll realize that doing these sorts of large transactions on your own is feasible, but it may not always be the best choice.
You’ll have knowledge and experience on your side. Unless you have bought and sold a property every few years for the past decade, chances are you’re relatively inexperienced when it comes to this sort of transaction. A Coral Springs real estate agent helps others buy and sell homes for a living, and they know the ins and outs of the local real estate market. When you embark on a process as difficult as buying or selling a home, you’re going to want that level of knowledge and experience on your side, particularly if difficulties arise.
Someone will always be acting on your behalf. Your Coral Springs real estate agent will know what questions to ask, how to negotiate during the transaction and can help you avoid costly mistakes and less-than-beneficial scenarios. The right professional will care about your needs and your best interests, and they will do everything they can to ensure that the outcome of the transaction reflects that.
Instant access to a community expert is always a plus. We pride ourselves on being incredibly involved in the Coral Springs, FL community. We make it a high priority to know everything that there is to know about our area, and whenever someone is new to town, we always offer ourselves up as a resource or guide for community information. Many other real estate agents are the same. If you use an agent, they can help you find the home in the right area, near the best schools, and in the location that will best suit your needs and lifestyle.
Of course, these three benefits are just the tip of the iceberg. Using a Coral Springs real estate agent could also help you avoid costly and dangerous mistakes, as the right professional will have an eye for details and guide you through every stage of the transaction. While taking on the challenging task of buying or selling a home is possible to do on your own, the costs of using an agent are well worth it when you factor in stress, anxiety and the possibility for costly errors.
If you have any questions about buying or selling a home in Coral Springs, FL, don’t hesitate to contact us! We’d be happy to answer any of your questions and help you get started on your journey through the Broward County real estate market. We hope to hear from you soon!
Joy Carter and Jeff Booker
Great Florida Homes Team
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MARK YOUR CALENDARS TO JOIN US AT THE WALK!!!!
March 17th and 18th for 8th Annual The Coral Springs Festival of the Arts!
Over 175 booths of Arts, Crafts and loads of Entertainment to be Enjoyed!!
Come out and CELEBRATE St. Patrick's Day weekend at the Festival of the Arts!
Joy, CRS, SFR, e-PRO,
Chair, Chamber of Commerce Trustees
Jeff Booker, Relocation Specialist
Prudential Florida Realty
Coral Springs, Florida
954-369-0253 Office 954-755-0384 Fax
TRUST YOUR FAMILY'S MOVE TO OUR FAMILY'S EXPERTISE!
If you’ve been paying attention to real estate news over the past couple of years, then chances are you have seen the words “short sale” over and over again. For those of you who don’t know, the term “short sale” refers to what happens when a homeowner falls behind on mortgage payments and the lender agrees to accept less than what is owed. From there, the homeowner sells their property and gives whatever it sells for to the lender, and all other debt is forgiven. This is seen as a more attractive option to foreclosure. So when we encounter people who are underwater in their Coral Springs home, we make it a priority to see if they qualify for a short sale.
As your Coral Springs real estate agents, we have a lot of experience in dealing with people who are in danger of losing their home. Should you choose to go through the Coral Springs short sale process, you could avoid some of the stresses and pain that accompany foreclosure. It’s important to consult with the right Coral Springs real estate professional in order to determine whether or not you qualify for this process. Here are a few of the things that need to be in place in order to proceed with a short sale transaction.
• Your Coral Springs home’s market value has dropped. When you hear of “underwater” homeowners, it refers to the scenario that takes place when the home itself is worth less than the unpaid amount on the mortgage. In this case, you would qualify for a short sale because your home is no longer worth the amount that you need to pay for it.
• The mortgage on your Coral Springs home has to be near or at default status. You need to be behind at least three mortgage payments before it is considered to be “default” status. If you’re far behind on payments or know that you will be in the future, you may want to seek the help of a Coral Springs real estate agent now. They can counsel you on whether or not a short sale is the right course of action.
• The Coral Springs homeowner has fallen on hard times. In order for a lender to consider accepting a short sale, you need to have proof that you have fallen on hard times and can not pay your mortgage each month. “Hardship” is a term that includes scenarios such as unemployment, divorce, medical emergency or illness, bankruptcy and death. It does NOT include bad purchase decisions, pregnancy, unhappiness or the desire to buy another home. Really evaluate your financial situation and whether or not is possible for you to stay in your home before deciding to go through a short sale.
• The Coral Springs homeowner shouldn’t have any assets. If your lender feels that you have the financial assets to pay whatever amount is owed on your mortgage, then you will not be granted a short sale. You need to have copies of your tax returns and financial statements in order to prove that you don’t have the means to pay the difference of what you owe.
Going through a Coral Springs short sale is not a decision that should be taken lightly, as these transactions will ruin your credit and make it more difficult to get a mortgage loan for a few years. However, if you decide that you qualify to go through this process, then it will save you the pain of the foreclosure. As your Coral Springs real estate agents, we are sympathetic to the fact that for many homeowners, times are difficult, and we would love to guide you in any way that we can.
If you have any questions about whether or not you would qualify for a Coral Springs short sale, don’t hesitate to contact us! We’re here to guide you through all of your real estate needs. We hope to hear from you soon!
Joy Carter and Jeff Booker
Great Florida Homes Team
View Our Website
View Palm Beach County and Broward County Homes
Contact Us
Find Us on Facebook
Follow Us on Twitter
MARK YOUR CALENDARS TO JOIN US AT THE WALK!!!!
March 17th and 18th for 8th Annual The Coral Springs Festival of the Arts!
Over 175 booths of Arts, Crafts and loads of Entertainment to be Enjoyed!!
Come out and CELEBRATE St. Patrick's Day weekend at the Festival of the Arts!
Joy, CRS, SFR, e-PRO,
Chair, Chamber of Commerce Trustees
Jeff Booker, Relocation Specialist
Prudential Florida Realty
Coral Springs, Florida
954-369-0253 Office 954-755-0384 Fax
TRUST YOUR FAMILY'S MOVE TO OUR FAMILY'S EXPERTISE!
I have a disco- themed party to go to this month, so I have been building an outfit. I have everything but the perfect top, so I keep coming home with various choices and then returning them.
Found a sparkly one that I thought would be perfect but it looked lousy. Not wanting to keep another top, I did not need, I announced to my Mother that I was returning it!
My Mom and I have lived together for 25 years (she was widowed, so she raised my girls, so I could work these unpredictable real estate hours). She said, WHY? It's really nice and you have lots of things it will go with.
I came out with the top and slacks and I still thought it looked just awful! Mom flippantly said, "Oh put a better bra on and you will be fine!" As I pout to my room and change the said under garment, I was AMAZED! I hate when she is right, which is the majority of the time. The top was fabulous with the right bra! My perspective was changed by her giving me the right direction.
As I pranced back to my closet, I had my "Oprah", AH Ha moment! This must be what our clients go through when shopping for the right house.
· Yeah, that might work.
· Well I'm not sure about this one.
· Maybe the neighborhood just isn't right.
· The house is missing....
· And so on and so on....
This is where our expertise comes in. We've seen it all, well most of the scenario's. It is our job, as Realtors, to frame what will work, when something does not work (unless it truly doesn't). Often, I have returned a client back to one of their first choices only to have them love it and not remember why they didn't like it in the first place. Shopping for a home can be traumatic so we need to assist our clients in keeping the focus on the possibilities.
So, Listen to your Mother, or in our case, it is up to us as real estate professionals, to help our clients get past the frustration and get them to take our advice.
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We are a Brother/Sister team tenacious in finding you the best value in a home or business in Broward and Palm Beach counties. Trust Your Family's Move To Our Family's Expertise!
We are a Team of three and a family of many! Joy has been a resident of Coral Springs for 26 years, where both her girls have been through the Broward county school system. Jeff lives in Palm Beach county (Boynton Beach) with his family which makes it easy to serve our Palm Beach county customers. Jeff is frequently in Broward because Mom lives with Joy.
Julie completes the office team of three as "Eagle Eye, Detective Mello"! She is unbelievable with details and very proactive with streamlining processes! Julie has been active in real estate for over 20 years. Originally from Hungary, she speaks the language fluently. Our clients really enjoy her wit and call her the entertainment factor in their real estate transaction.
Licensed since 1985 and honored with multiple designations and accomplishments, Joy is described as, "Miss Community". Passionate about proving that REALTORS are good, honest caring people, she is active on multiple boards such as Affordable Housing, Chamber of Commerce, Kids at Risk and anything that she feels will make life better for others. A lousy golfer and a passionate reader, she loves to read anything positive, motivating and encouraging. She attributes her success to her Mom, who helped raise her two girls, while Joy was building their future.
Jeff should have been a professional mediator. He is amazing at keeping all parties of the transaction focused and happy to make sure everyone benefits in the end. Licensed since 1989, he is dedicated to making his clients get what they want. Jeff's passions are water sports, trail biking and ANYTHING that involves his family.
Like most professions there are the top ten percent in performance or productivity and there is a good reason for this. It is usually because the Top 10% do much more than is expected of them.
You've also heard that knowledge is Power. Wouldn't you want that Power behind you when you are making one of the biggest decisions of your life - finding a place you'll call "Home" or getting the most for your home? We are constantly striving to stay ahead of the always changing market trends regarding, foreclosures, short sales and relocation issues in order to better serve your real estate needs. We are full-service REALTORS® with over 25 years of knowledge and experience and multiple award winners for customer service and satisfaction. We've helped people buy anything from one bedroom condos to million dollar plus properties. We know the "old neighborhoods" as well as the new ones. We can tell you about the schools, the people, the traffic, the employment opportunities, as well as the future of your neighborhood - just about anything you need to know about living in Broward County and Palm Beach County.
What makes us different? We are 21st century in keeping in touch with you and being responsive to your real estate needs. We are computer savvy and easily reachable. We understand that your time is valuable and we care about what is important to you in finding the right home. We listen and pay attention to your wants and needs and then set your personalized home search. We are dedicated to making your home purchase as smooth & hassle-free as possible, free of frustration and surprises, and instead, just more FUN!
There is so much more to selling a home than putting a "For Sale" sign up in your yard, a lock box on your door and putting your house in the MLS, then sit back and wait for it to sell. Our Multiple Listing System allows 20+ photographs of a property, a virtual tour and enticing description of your property as well as a place for directions. We use every bit of this and then more on the multiple websites that we market to, for added exposure, because the internet is where the process expands.
For more than 25 years, we've successfully negotiated and closed hundreds of millions of dollars in real estate transactions and we will do the same for you. We are well versed in financing, inspections and insurance details, title companies and closing attorneys. You deserve the best possible representation to achieve your objectives. That's why we are here to help you!
Cities in Broward county that we specialize in are Coconut Creek, Coral Springs,
Deerfield Beach, Fort Lauderdale, Highland Beach, Hillsboro, Lighthouse Point, Margate, Parkland, Plantation, Sunrise, Tamarac and Weston.
In Palm Beach County, the cities of Boca Raton, Boynton Beach, Delray Beach, Greenacres, Lake Worth, Wellington and West Palm Beach.
Join us and be a part of our mission to prove that Realtors are good, honest, caring People, by beoming one of our very happy clients!
We visited the new place this weekend. We are thrilled with the unit and appreciate all your efforts. A friend of mine is looking for a unit somewhere in Broward or Palm Beach County. Wanted an extremely reliable and knowledgeable agent. I told her that she should only deal with you and your team.
Jennifer and John Lanz
5/20/10
Jeff gave me sound advice on how to "stage" my home to make it look more appealing to potential buyers. He also took the initiative to get an FHA loan agreement for my home to sell more readily. Their feedback on showings was extremely valuable.
Jeri Schooley
3/26/2009
Jeff and Joy are great at what they do and their knowledge of the real estate market is just outstanding. We loved the customer service they provided...it was simply the best! They always had time for us and returned our calls. Every part of the sale process was fantastic!
Mayra Rivera
11/14/08
Joy and Jeff were honest and forthright in a difficult market. They were extremely prompt in all matters.
Harold Halpern
9/30/08
The most valuable help for me was that you were able to diffuse a difficult, family situation, while selling my elderly parents' home in Boynton Beach. Thank you.
Richard Berstein
Rhode Island
7/31/07
This is the fourth home I've purchased and this was the most professional experience of them all. You anticipated and managed what needed to be coordinated. (Very valuable to a single, woman, who works.) I loved that you had full-service vendors for me to use - home inspector, roof repair, etc.
Becky Springer
1/30/07
Your team gave us very good updates (accurate comparisons of current listings and sales, also market trends) of our area during the listing process. These updates helped us to determine what prices we should list our homes at, in order to sell them quicker. You served and satisfied our real estate needs.
Alan & Judy Linsky
10/4/06 (Sold 7 homes through Joy & Jeff in 2006)
This was our first experience with Realtors and as long as we are in Florida, it will be our last....Joy and Jeff are OUR Realtors! We had their guidance from soup to nuts and they were very thorough. Mark & Nora Swanson 2/22/05
We want to thank both of you for the amount of work, effort and probably lost sleep that went into both selling our old home and buying our new one. You both went beyond the call of duty. Thank you for guiding us through a rather nerve-wracking process.
Rabbi & Mrs. Gold
8/13/04
Joy and Jeff are the best realtors I have ever worked with....they were honest and fair and great communicators. (We sold and purchased four properties with their team.)
Mark Greene
9/5/03
Excellent! Better than I expected from previous Realtors. Jeff and Joy truly cared abut the transaction. They kept me well informed throughout the sale to closing process. They did an awesome job!
David Hadley
2/15/02
Don't change a thing....you guys are great...you're a real dream team! It's great to know that there are still people out there who love what they do for a living and it shows!
Robert & Irene Thomason
3/2000
Joy and Jeff were the second real estate agents we hired to sell our home....we wish we had used them from the beginning.
Cindylee & Jeff Calaluca
9/99
The seller of the home we purchased even made a comment on how professional Jeff was.
Jody Damiano
6/99
Joy's professionalism, concern and follow-up were key elements in the smooth relocation of my family. Joy was patient and helpful as she educated us on the South Florida real estate market. Your help and assistance went well beyond "normal and reasonable".
J. Langley
9/96
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