Monday, June 28, 2010

Vistazo in Boca Raton, FL

"Properties I list in Vistazo are on the market on average for less than one week!"
Vistazo in Boca Raton is the the heart of everything! The desirable East Boca Raton location is just east of I-95 and minutes away from the beach, fine dining, specialty shopping, restaurants and recreation. FAU(Florida Atlantic University) is less than 4 minutes away, The private Boca Raton Executive Airport is only 3 minutes away! Residents of Vistazo enjoy a luxurious, cosmopolitan lifestyle that work for the young professional or elite executive. This community was priced between$435k-$545k only a few years ago... now investors and homeowners are taking advantage of the market and purchasing these wonderful townhouses for $225k-$265k!The community Amenities include Two Resort Style Swimming Pools, Spa, Clubhouse with Fitness Center & a Tot Lot Playground. The 3 models are:
  • The Captiva: bedroom, 3 1/2 baths, 2 car garage, inside unit, 2,283 sq. ft. under air, 2797 total sq. ft.
  • The Paradise: 3 bedroom, 3 1/2 baths, 2 car garage, corner unit, 1924 sq. ft. under air, 2477 total sq. ft. (typically the end units)
  • The Sanibel: 3 bedroom, 3 1/2 baths, 2 car garage, inside unit, 2,283 sq. ft. under air, 2797 total sq. ft

These homes feature impact-resistant glass, stainless steel appliances, granite kitchen counter tops, maple and cherry cabinetry and much, much, more.

Community Features:

  • Fitness Center
  • Home Owners Association
  • Lake/Pond
  • Swimming Pools
  • Great preserves with walking and biking paths that surround the community
  • Children's Playground aka A Tot lot
As of 6/28/2010 what's available?
NOT ON MLS:
3807 NW 5th Terr: NOT A SHORT SALE for $240,000. In PERFECT condition, Corner Unit, Paradise Model call me for showings and details. 954-347-1135.

LISTED ON MLS:
3617 NW 5th Ter--Captiva--$449,000--Not a Short Sale
470 NW 35th St--Captiva--$449,000--Not a Short Sale
669 Nw 38th Cir--Paradise--$295,000--Short Sale
3616 NW 5th Ter--Sanibel--$259,000--Short Sale
3606 Nw 5th Ter--Captiva--$250,000--Short Sale
599 Nw 35th Pl--Paradise--$250,000--Short Sale
571 Nw 35th Pl--Paradise--$250,000--Short Sale
554 Nw 39th Cir--Paradise--$250,00--Short Sale
3820 NW 5th Ter--Captiva--$250,000--Short Sale
559 NW 35th Pl--Captiva--$245,000--Short Sale
3812 NW 5th Ter--Captiva--$245,000--Short Sale
3607 NW 5 TE--Captiva--$240,000--Short Sale
3633 NW 5 TE --Captiva--$240,000--Short Sale
3602 NW 5 Ter --Captiva-- $239,000--Short Sale
505 NW 39th Cir--Sanibel-- $235,000--Short Sale
544 NW 39 CR --Captiva--$235,000--Short Sale
563 Nw 35th Pl--Captiva--$230,000--Short Sale
551 NW 39th Cir--Paradise--$230,000--Short Sale
566 NW 35th Pl--Paradise--$230,000--Short Sale
606 NW 38th Cir--Paradise--$225,900--Short Sale
3620 NW 5th Ter--Paradise--$225,000--Short Sale
3845 NW 5th Ter--Captiva--$210,000--Short Sale

For Sale By Owners in South Florida

According to recent research posted on the NAR (National Board of Realtors Website) 99% of all FSBO's in the South Florida real estate market are sold by a Realtor.


This past Friday my team and I decided to reach out and call a few FSBO's and 50% of all our calls ended up listing with a Realtor. I understand why homeowners would want to try and sell their property on their own to save on paying a commission and not getting locked into a lengthy contract BUT if the homeowner does the research there are some agents that offer a GUERANTEE as well as a month-to-month contract so they can fire their agent if they are not happy at any time! It’s rare, but it does exist.

My background is marketing and constantly I am researching, taking classes, working with professionals throughout an assortment of industries to pinpoint the best marketing strategies to get "the product" sold quickly for the highest dollar. As I take varied polls, I am learning what FSBO's are looking for. So, we have put a FSBO campaign together to benefit what FSBO need and want:



1. A menu of commissions: You browse the menu and see what number works best for you and your situation and what is included.

2. A guarantee to sell your home or it will be sold for FREE!

3. No lengthy contracts! If you don’t see results you were hoping for--simply fire us!

4. Communication. When you lost your property with The Johnson Team one of my assistants will either call or email you weekly and inform you what has been going on with your property.

5. Marketing that goes above & beyond...

  •  201 point customized marketing plan
  • 24/7 pre-recorded property information repost so we never miss a call
  • A report is sent to you viewing the action on your property:
    • website hits
    • call hits
    • flyer/mailer inquiries
    • other marketing inquiries
As we spoke to the FSBOs we came up with solutions. We polled areas such as waterfront properties in Boca Raton over $1 million. Oceanfront properties in highland beach, fl over $2 million. Equestrian or properties with more than 5 acres in Boca Raton and Delray Beach, Fl. We also polled an assortment of communities in Palm Beach County under $500k. Whether it was a high end--medium range--or lower end dwelling... the comments paralleled. If you want to hear more about our FSBO system call 800-686-8645 Ext.4 (you can listen 24/7).

Thursday, June 24, 2010

Short Sale in todays market...

Have you experienced this common problem, "Who should I believe?" "What are the real rules and regulations?" "Will I get a deficiency judgment?"


Well, I just attended a VERY informational meeting where we discussed all of these concerns--and I got the information straight from professionals and attorneys who study the rules and regulations on a daily basis.

If you allow your investment property and even sometimes your primary property go into foreclosure, at some point (within 20 years), the bank will come after you for a deficiency judgment for the balance unless you declared bankruptcy.

If you take the higher road and short sale your property it is less likely for a deficiency judgment to occur. If the property was your primary property on your 1st mortgage there are no longer concerns to pay taxes on the difference thanks to the Debt forgiveness act of 2007.

As an investor it is up to the negotiator to relieve you of a deficiency judgment. Some banks leave their right to pursue deficiency judgments open and vague while others accept the short-pay as payment in full and waive their right to judgments in the future. As an investment or 2nd home, IRS form 982 will help you right off this bad debt ONLY if you are insolvent on the day of sale.

When successful, a short sale transaction is a big WIN-WIN-WIN situation. Sellers are getting out from under their unmanageable mortgage obligation, banks are unloading inventory and buyers are getting the deals of a lifetime. REALTORS® also benefit since most lenders will not consider short sale offers on For Sale by Owner properties. REALTORS® experienced in "negative equity" transactions are in high demand.

The key to being able to take advantage of the current market crises equals lots of patience. When an offer is made on a property for less than what is owed on the mortgage the lender decides whether they are better off accepting the "short" offer or foreclosing on the property--again a strong negotiator aids in this process. Foreclosures are typically a losing proposition for both sides and the offers from qualified buyers are welcome. Unfortunately, lenders are unprepared to handle the volume of pre foreclosure situations and the wait for a decision on a short sale offer is currently running from 1 to 4 months.

Most often the terms of the approval are the result of the experience, diligence and persistence of the negotiator. So when short selling your property make sure to work with an educated and experienced team.

You're Real Estate Expert!