We all know the economy is making it tough for consumers to purchase new homes. We also know that many people trying to sell cannot due to declining values. They purchased the home with virtually no equity and now are stuck with a home with negative equity. They lose their job and then have no alternative but to try to sell short....go into foreclosure or to lease out the property with hopes of holding on to it until property values go up. The trouble with renting property is that in my area most rentals cannot even command enough to pay the operating expenses that it takes to hold the property.
Then there is the rent to own option.This was a good idea a few years ago but in my opinion there are major risks involved if it doesnt have a happy ending. It's had to write an option contract with a price in mind when property values continue to decrease monthly. I currently own a property with two partners of mine. When we purchased the property we paid cash and spent a lot to renovate it.
We had bought approximately 15 properties within that year and renovated most of them and sold them. We had a few that we held onto for a few years and rented them out and eventually sold them just as the market started turn downward. We were lucky. The property we currently own is worth less than what we paid for it but we don't have a mortgage on it. We tried to sell it 6 times but every-time we tried to close on it....the buyer couldn't get a mortgage.
The buyers agent didn't do their homework and we tried to give them 6 opportunities to qualify. We even tried to send them to a mortgage broker we knew pretty well just to see if they really could afford to buy the home. Not only were they capable of purchasing the home.....the mortgage broker was able to repair their credit enough to qualify. For some reason....the buyers had some sort of issue with their agent and walked away from the deal. To this day......I'm not sure what happened other than the fact that we gave them many chances and tried to help point them into the right direction. Apparently they weren't grateful enough to even thank us and we weren't even their agent.
How many chances do you give people?
Eventually we decided to lease out the property. My partner thought that by offering an rent to own option....it would attract someone with an incentive to but the property a year later in hopes that they would be able to achieve financing when the smoke cleared.
I was never confident that the tenant would ever qualify for a mortgage and I never thought they would sign the option....I was right....they never did and they still live in the property but at a reduced rent.
We ended up finding a tenant who was willing to sign a deal with us to lease the property. I never liked the idea of the rent to own option. In my opinion there are too many risks for both the owner and the tenant. Too many problems with financing and or future pricing for example. But if you find the right situation ....it could work out as well and have a happy ending.
Which ever way you decide to go...just make sure you do your homework first.
I'm not going to discuss those risks in this blog post. You can read it below.
The Sun Sentinel recently posted an interesting article on this subject...you can read more about the negatives and the positives>>>HERE.
For more information please contact Neal The Real Deal Bloom
-Realtor® /RE/MAX Premier Associates.
2500 Weston Road ,Suite 103
Weston FL 33331
(954)608-5556
The Real Deal tells it Like it is in Real Estate-copyright © 2009-All rights reserved
I wrote this post back in April of 2007. If you read what I wrote...... you will see that at the time most agents and most homeowners were still critical of how we conduct our business. I believe that back then that most sellers were thinking that they could still handle selling their homes themselves and that they never thought that by the end of the year.....things would only got worse. You were seeing more and more agents leave the business and you were seeing the survivors picking up any leftover business that was out there. You can't beat a stubborn person into submission. You can't always convince people what is best for them. You can't make someone swim in a cold river but you can ask them to dip their feet in and test the waters.
Although inventory is down a bit in my area...there is still a large need for our services. We might not be able to come up with some miracle cure.... but if we can convince the consumer that they need us and we need them....then we might start to see better times ahead. So many things have happened over the last two years and that most of it is out of our control. Whats done is done and now it's time to shut up and move on.
So why would a seller fight us on how much we should be paid? If they use my services...they only have to compensate me if I sell their home. If I don't sell it then I walk away with nothing. So why wouldn't I be motivated? "I'm" the one that will lose if I don't accomplish "their" goals.
Why not have some confidence in us?
If you look back you might find it interesting that when I wrote that post....the walls were coming down around us but most people refused to believe it....well do you believe it now?
You can't put value on superior service.....it's priceless.
For more information please contact Neal The Real Deal Bloom-Realtor® /RE/MAX Premier Associates.
2500 Weston Road ,Suite 103
Weston FL 33331
(954)608-5556
The Real Deal tells it Like it is in Real Estate-copyright © 2009-All rights reserved
I know what you're thinking....and you're right!!!
I'd like to say tat every dog has it's day. Today my wife and daughter convinced me to go stop by and visit an animal rescue center nearby. Two days ago we were over at the animal shelter and left without anything other than a receipt for all the dog food we donated. Well today I have to say that we are now the proud owners of a new addition to the family.
Please meet Roxy....she's about 6-7 months old according to her foster parents. She's very friendly and gentle and loves my daughter. Maybe now she'll take some responsibility and let me rest! I just went through 17yrs of wonderful love but it was tough on me because of the commitment. It seems that this girl doesn't warm up to men as easy as women but I think we'll become closer as the days go by and she learns who's hand will be feeding her most of the time.
Please meet Roxy!
For more information please contact Neal The Real Deal Bloom-Realtor® /RE/MAX Premier Associates
2500 Weston Road ,Suite 103
Weston FL 33331
(954)608-5556
The Real Deal tells it Like it is in Real Estate-copyright © 2009-All rights reserved
Humane Society of Broward County-Feed Homeless Pets
4 months ago I had to sadly had to put my dog to sleep. We had a wonderful 17yrs together and I'll always cherish the times we had. A few weeks after his passing.....I decided to take the food we had left over and donate it to the Humane Society of Broward County.
Early on the day of New Years Eve....my family and I decided to take another trip over to the animal shelter to donate more food but this time it wasn't the food leftover from my dog....we purchased it. Actually...when the pet store heard that we were donating all the food... they were kind enough to also give us a big bag of sample food to take with us.
Since my family and I were there for the visit..... we decided to go look at what dogs they had available to adopt.
Adopting a rescued pet is a great thing for both the pet and the new owner. We looked around and went through all 4 kennels and I'll have to admit that it was hard for me to see so many dogs that were left abandoned.
Even if we don't know how or why they ended up in the shelter...the mystery can be solved if you look them in the eye because they'll tell you.
There were a few really cute ones that my daughter and wife fell in love with but they were already adopted. I'm still not ready to take on another just yet but we were still happy to know that the majority of the dogs that were in the shelter were going to have new homes for 2009.
Right now it's too soon for me to take in another pet at the moment but if you know anyone who would be interested....you should send them down to the Humane Society of Broward County.
If I ever decided to get another dog....you can be sure I'll be looking to adopt it at the Humane Society.
Even if you aren't looking to adopt a pet...why not at least donate some food to keep the homeless from being hungry......go there and help the cause today.
For more information please contact Neal The Real Deal Bloom-Realtor® /RE/MAX Premier Associates
2500 Weston Road ,Suite 103
Weston FL 33331
(954)608-5556
The Real Deal tells it Like it is in Real Estate-copyright © 2008-All rights reserved
Weston FL Luxury Homes for sale-Market Report for Windmill Reserve
Weston FL Luxury Real Estate-Windmill Reserve
Weston FL luxury Homes-Windmill Reserve
2008 Market Report
Weston FL Homes-Windmill Reserve-for sale
Weston FL Homes-Windmill Reserve- pending as of Dec. 2008
Weston FL Homes-Windmill Reserve that have closed over the last 90 Days
Please note that this community only has 94 custom built lots...some may still be available through the developer.
These numbers are only based on the Southeast MLS....information is deemed reliable but not guaranteed.
Past Market reports for Windmill Reserve:
Other related links for Weston FL
There are many properties available in Windmill Reserve at Weston FL.
For more information please contact Neal The Real Deal Bloom -CRS-Realtor® /Remax Premier Assoc.
2500 Weston Road ,Suite 103
Weston FL 33331
(954)608-5556
The Real Deal tells it Like it is in Real Estate
copyright © 2008-All rights reserved
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We are Florida Read Estate professionals. We take real estate listings and help buyers of real property in all areas of Florida- including Weston, Pembroke, Sunrise, Ft. Lauderdale and all of FL
Neal Bloom-CRS
Ethics
Every CRS designee is required to maintain membership in the National Association of Realtors® and to abide by its strict subheader of Ethics.
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The training available to CRS designees includes a strong focus on technology and its applications in the real estate business.
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Less than 4 percent of all licensed Realtors® are Certified Residential Specialists.
Weston Florida Homes for sale
Whether you're an experienced seller or homebuyer, or shopping for your first home,or selling your first home,
I will help make your experience the best it can be. My customer-focused approach has worked to help my clients throughout the area!
As your trusted, professional real estate partner,Together we will sell your current home as quickly and easily as possible.
I will help you find the best home in your area within your price range.
I hope that you'll take a few minutes to look over my site, review my listings, and learn a little bit about the top-drawer treatment you'll get from me!
Check out my blog Weston Florida Real Estate-The Real Deal tells it like it is in Real Estate
Member of the National Association of Realtors
Member of the South Broward Board of Realtors
WE SERVE ALL AREAS OFWESTON ,PEMBROKE PINES,DAVIE, COOPER CITY, PLANTATION,SUNRISE,FT.LAUDERDALE,DEERFIELD BEACH ,BROWARD COUNTY DADE AND PALM BEACH COUNTIES.
WE LOVE GOLF, SO IF YOU WANT TO LIVE ON WESTON or other GOLF COMMUNITIES, WE CAN HELP
WE ALSO WORK WITH INVESTORS AS WE BUY AND SELL PROPERTIES OURSELVES, WE ALSO SPECIALIZE IN LAND LEASES,EASEMENTS,LAND,COMMERCIAL.
I ALSO HAVE MY OWN COMPANY THAT BUYES AND SELLS PROPERTY, SO IF YOU HAVE AN INTEREST
IN BECOMING AN INVESTOR IN REAL ESTATE , I CAN ASSIST YOU IN THAT AREA AS WELL.
VISIT OUR MAIN LINK www.Neal-Bloom.com
Or you can email me at nealb63@myacc.net
TESTIMONIALS
This letter is written in reference to the professional services performed by Neal Bloom, Realtor . I am very pleased to say that Mr. Bloom provided me with excellent client services during the sale of my home. During the sale of the home he was very responsive; he kept me apprised of current sales and offerings on my home. As my agent he advocated for my interests and ethically represented me, analyzed the market and made sure that my home was competitive and ready to sell, he utilized the power of the internet by creating a website to maximize my homes exposure. More importantly Mr. Bloom communicated with me openly and honestly and followed up with buyers agents as necessary. He thoroughly read the disclosures and advised me to the best of his abilities and explained fully the commissions and the costs involved with the sale. He guided me all the way to the closing and his level of professionalism left me with the constant feeling of "being in good hands". Mr. Bloom did an excellent job of coordinating with lenders as well as the buyer's agent to ensure that everyone was in agreement with the desired closing and dates. In my opinion Mr. Bloom substantially exceeded my expectations with respect to the services I was entitled to from a professional real estate agent. Based on my experience with Mr. Bloom, I would highly recommend him without reservation to anyone in need of a professional realtor. Sincerely, S. Strauss-Towngate Pembroke Pines FL
Dear Neal,
I just wanted to thank you for all you did for my family and me during our recent purchase of a new home for my parents.
It is extremely refreshing to work with someone who is not only professional but also personable.
You went above and beyond what your professional duties required and truly made a potentially stressful and difficult process enjoyable and extremely efficient.
I have no doubt that your business will continue to grow given the quality of the service that you provide, and have absolutely no reservations about referring you to any of my friends or family members that are considering relocating.
Thank you again for all of your help and advice.
Sincerely,
Carlota Delgado-Weston Florida
Neal sold 3 of my properties and also put my mother and I into a home we both can live in,
he also helped us out of a bind by selling one of the properties shortly after we closed on it.
I am going to list my current home with Neal and move North so I can retire and be closer to my family
Dolores Benson- Southwest Ranches Davie Florida
I am writing to express my satisfaction with realtor Neal Bloom .
I obtained the services of Neal Bloom to aid in the sales of our Pembroke Pines home and could not be happier with the results.
Neal was able to make what could have been a stressful and confusing experience one which was comfortable and enjoyable.
Neal was at all times professional, knowledgeable and friendly.
He explained the selling process to us in a way we were able to understand and answered all of our questions.
Neal went above and beyond his duty in many ways.
He was always available any time we had a question or concern, no matter if he was at his desk or in the middle of dinner.
The thing I appreciated the most was the fact that Neal attended every showing of our home.
My wife did not feel comfortable showing our home by herself and I was unable to be in town.
Neal made sure to be present with her for each and every showing.
Much to our delight, our house sold within twenty-four hours on the market for full price and Neal's superior service continued after we accepted the offer.
Neal kept in close touch with us and informed us of the progress and each step taken towards the closing. Neal also worked closely with the buyers realtor and made all of the proper measures to ensure that the closing would be on time and hassle free.
All in all, Neal Bloom made our selling experience a comfortable and pleasurable one.
I never expected so much from our real estate agent but, Neal seem more that happy to help in any and all ways that he could.
I would recommend Neal Bloom to anyone looking for a professional, knowledgeable and personable real estate agent who is willing to go that extra mile.
Sincerely,
Timothy Bickerstaff
Pembroke Pines Florida
Neal has done 9 transactions with myself and members of my family over the last few years ,whether it was renting out our properties ,selling or buying others, we were very confident with his knowledge and protecting our better interest.
Gaston Mendieta and family
Hollywood Florida
Neal not only help me purchase my first property in Florida, he rented it out 2 times for me and just recently listed and sold it after holding it for a few years while seeing a large return on it after the sale.
If I ever purchase or sell again, I will be calling him for all his real estate services.
Sam Garces
Coral Springs Florida
Thanks for your help in finding me a home, you were there for me from contract to closing.
Carmen
Miramar Florida
My wife and I are pleased to recommend Mr. Neal Bloom, a real estate agent for his integrity and professionalism.
Long before we assigned him as our listing agent for our property, he had been sending us free sales reports of our community continuously on bi-monthly basis for years. During the selling period, he recommended us to buy home warranty from American Home Shield, which greatly reduced our out-of-pocket expenses for appliances repairs.
The beauty was that the Warranty not only covered seller, but also home buyer at Closing for the remaining term of one year, so it gave "peace of mind" to the seller as well as the buyer.
When we had a question to ask or a suggestion to give, he's there to reply promptly.
He had provided latest sales within my community in time, thus helped us make better decisions.
We had an "Open House" three times, during which, he and his partner, Steve had been showing our house to prospect buyers in professional manner.
In our mind, Mr. Neal Bloom is the man you can rely on for real estate selling.
Andrew Ku
Pembroke Pines Florida
Neal was able to list and sell our property for a record price, we were in the process of relocating to GA and Neal made all the arrangements while we were going back and forth to GA, it was an easy closing and put nice people into our old home, which happend to be his new neighbors at the time.
He also referred us to a local agent in GA and we purchased another home and were delighted with the agent.
Richard and Doreen Richerson
Pembroke Pines Florida
Dear Neal,
We really appreciate the time and effort you made in selling our property, you were there from the start and the finish and even after we closed we still confide in you for advice regarding the real estate market.
We also were happy to have you and your family as our neighbors for the past 5 yrs and continue to speak.
Thanks again your friends,neighbors and client.
Betty and Kirk VanRees-Pembroke Pines Florida
Dear Neal,
We appreciated all your diligent work and as well as the effort in marketing our property for sale,especially when you were able to help with some of the labor on some items we needed to take care of during the inspection, and opening the property yourself for every showing.
We were also impressed the way you took over all aspect of our deal when the selling agent was unavailable and out of town, we knew that you had our best interest in hand through out the the begining until the closing.
We were also alittle sad to lose a very nice neighbor we had the pleasure of knowing your family and having you over to our home many times for parties.
I am glad we still keep in touch.
Steve and Kathi Ericsson
Pembroke Pines Florida
I have worked with Neal on maybe a 1/2 dozen transactions in the past year and I find Neal to be very knowledgable about the real estate market, he seems to always keep me up to date on any major changes in the market that I myself might not have thought of.
He also is hard working , always following up when I purchase or have sold through him.
Howard Mack
FNJ Properties LLC Davie Florida
Great transaction for both parties.
Mark Zollo
Pembroke Pines Florida
Steve and Neal,
Thank you for a smooth and stress free process.
Steve was very patient,showing us as many properties .
Once we found the one we wanted ,we were able to close quickly.
Thanks
The Yancovich's
Montreal Canada
Thank you both going through the process of finding the condo in the building I wished to be in.
Sheila Zemel
Montreal Canada
Steve Did a great job helping me finding the condo in Deerfield Beach, happy to work both of you again.
Miriam Klein
Montreal Canada
Thanks for getting me through this rough time.
Blanca Long-Weston Florida
Hi Steve,
Miriam and I would like to thank you for you efforts on our behalf.
You knew from the outset which unit we would buy even before we did. It wasn't even your own listing. You patiently took us around to look at other possibilities complete with doughnuts and coffee until we agreed with you.
After prolonged negotiatons, there was a ton of paperwork and countless glitches which had to be navigated. You got us through all of this without a hitch.
We moved in and are extremely delighted with the condo.It needs a bit of work but we will overcome.
Thank you once again. We really appreciate all of your efforts.
We wish you good luck and please keep in touch.
Miriam and Mort Kapusta
Canada
Neal The Real Deal Bloom,
He went above and beyond our expectations. When we needed to move we were then able to rely on Neal to take care of our property until the closing. He made all of our arrangements so we did not even have to be present at the closing which ended up closing in 2 weeks from the contract date. He made sure every aspect and evey step was followed up with the loan officer and the buyers agent. We were very happy with his services and will recommend him to all of our friends and relatives that are ever interested in either buying a home or selling their home. If you are ever interested in working with a Realtor in Weston Florida please be sure to give Neal the opportunity. ....He won't let you down!
Dr. and Mrs. Luis Rivera-Weston Florida
8/4/08-Steve and Neal
Thanks to both of you for being the best Realtors I have ever met.
Julia Weiss
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