want the perfect new homebuyer gift?

By Guest Contributor Tom Levinson P.A., Assistant Manager and Sales Associate,
Coldwell Banker Coral Gables Sunset office

Many years ago as we began our real estate practice, we sold one of our buyers a lovely updated home. They were young, first-time homebuyers and had stretched their budget to attain their dream. Despite very thorough home inspections, as luck would have it, within two months the central air conditioning failed and needed to be replaced. The couple had to turn to their parents for financial assistance — we felt horrible!

Coldwell Banker’s ancillary partner, American Home Shield, provides affordable home warranties when purchasing a home. If you’re in the market to buy a home you should discuss this option with your Realtor.

If you have or have had a home warranty, what are some of the benefits you’ve discovered?

They Say Everything is Bigger in Texas

According to the annual population estimates released last week by the U.S. Census Bureau, Texas added more people to its population than any other state.

Since 2000, Texas has gained more than 3.9 million residents and in the past year the population grew by 478,000. Rounding out the top five in the Census survey were California (381,000), North Carolina (134,000), Georgia (131,000) and Florida (114,000).

It’s likely that Texas was able to attract and retain residents because it never went through the boom-and-bust housing cycle that devastated some of the other Sun Belt states. In general, Texas home prices have remained affordable and the state’s unemployment rate is at 8% which is 2% below the national average.

The census data also shows that Texas ranked second to California in the number of people moving to the state from other countries.

Three states, Maine, Rhode Island, and most notably Michigan, lost population. Census estimates show that 32,759 fewer people live in Michigan than a year ago. Overall, Michigan's population dipped below 10 million for the first time since 2000.

Have you recently moved or are you currently thinking about moving to Texas? If so, what factors influenced your decision?

pinecrest remains steady despite the economy

By Guest Contributor Joanna Sherman, Branch Manager, Coldwell Banker Residential Real Estate, Pinecrest office

It’s no secret; South Florida was one of the epicenters of the recent housing bust. Despite all of the economic hardships faced by South Florida, certain pockets of the real estate market remained steady; one of these being the Village of Pinecrest.

As you can see in the chart above, the number of single family homes listed in Pinecrest increased only 24.23% in 2009 as compared to 2007; the number of single family homes listed throughout Dade County increased 38.81% over the same time period. Dade County as a whole saw more than a 60% increase in the difference of inventory as compared to solely the Village of Pinecrest. While the majority of Dade County was being flooded with homes on the market, Pinecrest weathered the market quite well.

As shown in the chart above, the ratio of closings/listings in Pinecrest increased as compared to the same ratio of Dade County as a whole in 2008 and 2009 as compared to 2007. In 2007, 14.64% more of the single family homes listed in Pinecrest closed as compared to the same ratio in Dade County as a whole; 50.88% more in 2008 and 14.71% more in 2009.

The Village of Pinecrest has not seen the drastic increase in homes on the market that many other communities in Dade County have seen. Combine that with the 26.75% average higher ratio of closings/listings over the past three years as compared to Dade County as a whole and Pinecrest looks to be a sound investment.

Statistics are from SEFMLS January 1 – December 20 of the respective year.

Below are three properties currently listed for sale in Pinecrest:

What Does Green Really Mean?

If you’ve recently been house hunting you’ve probably noticed that some sellers are touting their homes as “green.” What exactly does that mean, and how can you tell if the house is as environmentally friendly as the owners claim? HGTV’s FrontDoor shares a few items to look for when considering going green.

The Inside

On-demand water-heating units are big energy savers since they only heat water on an as-needed basis. You should also look for Energy Star rated refrigerators, washers, dryers and dishwashers. Energy Star products can reduce energy use by 30-50%!

If the home has had a recent Home Energy Rating System (HERS) audit it will reveal the home's energy efficiencies and deficiencies. If the sellers don't have a report, ask them to get the audit done by a utility company or a home inspector.

Look for homes with south-facing window exposure so the sun can provide natural warmth in winter. East and west window exposures should be smaller to minimize the summer heat.

The Outside

In general, building products that don’t contain VOCs (volatile organic compounds) are better for your health and the environment since they don’t give off gases like traditional building materials.

When deciding on landscaping, it's best to select native plants that require minimal watering. While lush, tropical lawns can be beautiful, they are a huge energy drain on a house since they require constant watering.

If you're in the market to buy a home, would a "green" designation influence your decision?

Uptick in Mortgage Interest Rates

According to Freddie Mac's weekly survey ending December 24, mortgage rates crossed 5% for the first time since the end of October.

The 30-year fixed rate averaged 5.05% for the week ending December 24 - up from last week’s average of 4.94%. While rates ticked up, they’re still below the 5.14% average a year ago.

Fifteen-year loans, which are growing in popularity, averaged 4.45% up from last week’s 4.38%. That compares with 4.91% a year ago.

“Although interest rates for 30-year fixed-rate mortgages are above 5% this week for the first time since the end of October, they are still around 0.5 percentage points below this year’s peak set in mid-June,” said Frank Nothaft, Freddie Mac vice president and chief economist. "

What are your thoughts about the interest rates? Will they affect any of your future home buying decisions?

Palm Beach Co., Treasure Coast home sales soar over Nov 2008

By Guest Contributor Donald Smith-Browne, Manager, Coldwell Banker Residential Real Estate, North Palm Beach office

Rising home sales and stabilizing prices may mark the fall of 2009 as the comeback season for Florida real estate.

Single-family home sales in November continued the upward trend, soaring 61 percent statewide compared with the same time last year, and climbing 63 percent in Palm Beach County.

Treasure Coast home sales leapt 78 percent, according to numbers released Tuesday by the Florida Realtors.

The National Association of Realtors, which also released existing home sale numbers Tuesday, predicted a November jump because of the tax credit. The government incentive, in fact, likely helped break national real estate records for the month.

A 44 percent increase in single-family home sales nationally compared with the same time in 2008 is the largest year-over-year percentage gain since September 1983.

Review more in the Palm Beach Post.
http://www.palmbeachpost.com/money/real-estate/palm-beach-county-treasure-coast-home-sales-soar-141748.html

Buying vs. Refinancing

By Guest Contributor Roy Jones, Manager, Coldwell Banker Residential Real Estate,
Boca Resort office

Mortgage interest rates continue to fall, according to Freddie Mac's Primary Mortgage Market Survey. Interest rates are below five percent, and with the recent extension of the home buyer tax credits it gives buyers a unique opportunity to purchase a home with interest rates at nearly 50 year lows. This may also be a great time to lock in a lower interest rate and refinance your loan's existing balance. Here are some points to consider when thinking about refinancing:

1. Will you qualify for a refinance? Before you put in any time and energy into working out the details of your refinance, try to assess your property's current value. Contact a local real estate agent to discuss what homes in your neighborhood are selling for, not what they're listed for.

2. How much equity do you have in your home? Today, conventional lenders won't do a refinance unless you have at least 20 percent equity in your property and have verifiable income. FHA loans are available for loans with less than 20 percent down, and their guidelines differ somewhat from most Fannie Mae and Freddie Mac lenders, but these FHA loans are generally available for new purchases of homes and not for homeowners who want to refinance.

3. Can you qualify for "underwater" mortgage programs? If the value of your house is less than what you owe on the mortgage, then you are considered to be "under water." If your loan is owned or securitized by Fannie Mae or Freddie Mac, you still might be able to refinance your mortgage even if you are under water.

4. What are you trying to accomplish? Some homeowners want to lower their monthly payment; others want to shorten the loan term. Start by figuring out what your financial goals are for the refinance, and then prioritize them so you know which of your financial goals are most important.

5. Shop around. Although Fannie Mae, Freddie Mac and FHA are collectively responsible for nearly 90 percent of the loans being originated, refinance fees vary widely. Ask prospective lenders to list every fee so you understand what you'll be paying and what the interest rate will be.

Have you refinanced of purchased a home lately? What has been your experience with the lending process?

Florida Home Sales Climb

According to Florida Realtors, the threatened termination of the $8,000 federal first-time homebuyers’ incentive was responsible for driving up home and condo sales throughout Florida in November.

Fort Myers-Cape Coral led the state with a 133 percent increase compared to the same month in 2008. Both Daytona Beach and Gainesville saw an 84 percent increase in home sales. The Herald Tribune reports the Sarasota-Bradenton market saw a 63 percent increase in home sales, while sales were up 55 percent in Punta Gorda-North Port.

Across Florida as a whole, sales were up 61 percent, with 14,026 homes changing hands statewide compared to 8,694 homes sold in November 2008.

“The extended and expanded federal homebuyer tax credit will continue the positive momentum of the housing sector's recovery,” said Florida Realtors President Cynthia Shelton. “For 15 months now, statewide sales of existing single-family homes in Florida have increased each month compared to the year-ago figures.”

The national median sales price for existing single-family homes in October 2009 was $173,100, down 6.8 percent from a year earlier, according to National Association of Realtors.

What do you think of this latest data? Are you seeing signs of recovery in your community?

48 Hours in "A Christmas Story" House

A reality TV star recently spent a couple of nights living like Ralphie in the house used for the movie "A Christmas Story."

Billy Jeffrey, a Lewiston, Idaho, businessman and reality TV star spent two nights this week living in the Tremont house used for exterior shots in the 1983 movie. The Christmas cult classic film stars Peter Billingsley as Ralphie Parker, a young boy determined to get a Red Ryder BB gun for Christmas.

The experience is a "major award" for Jeffrey, who says he's obsessed with the 1983 film. He bid $4,200 in an online charity auction to benefit the Cleveland Scholarship Programs, which promotes educational awareness.

Jeffrey, his sister Rachel Pierce and brother-in-law Sennett Pierce shot BB guns in the back yard, set a leg lamp in the window and crawled under the sink just like the kids in the movie. Jeffrey even braved a taste of Lifebouy soap. How was it? Absolutely awful, Jeffrey reported.

About 50 bidders entered the auction, said A Christmas Story House executive director Steve Siedlecki. The house is located at 3159 West 11th St. in Cleveland, Ohio and is open year round to the public for tours.

happy holidays from key biscayne

By Guest Contributor Susie Abell, Branch Manager, Coldwell Banker Residential Real Estate, Key Biscayne

As this is being written in mid-December, it’s 85 degrees outside, the sun is shining, the ocean is calm and inviting, the fish are biting and one might think it’s just another day in paradise.

Well, it is . . . and the holiday spirit is alive and well as children of all ages play soccer on the village green, swim races at the community center and take advantage of the newly renovated playground right next to Key Biscayne’s beautiful seasonal display which includes a giant Christmas tree and a large menorah.

Key Biscayne offers all kinds of holiday festivities from Santa making a visit to The Square Shopping Center to the Winterfest Boat Parade to a multitude of religious celebrations.

It’s a special time of year as families and friends gather in this “winter wonderland” and enjoy each other’s company.

If you would like to experience this lifestyle, below are several properties that are currently for sale.

600 Grapetree #11DN            298 W. McIntyre Street        150 Sunrise Drive #2A

Cost-Effective Home Updates

Planning on selling your home in 2010? Looking for a cost-effective way to add value without spending a lot of money? Below are some tips from HGTV FrontDoor on improvements that will surely impress prospective buyers – all for under $500!

Tip 1: Spend an hour with a pro.

Invite a Realtor or interior designer over to check out your home. Many Realtors will do this as a courtesy, but you'll probably have to pay a consultation fee to a designer. Even small suggestions, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.

Tip 2: Paint, paint, paint.

One of the simplest, most cost-effective improvements of all is a fresh coat of paint. Newly painted rooms look clean and updated -- and that spells value. Neutral paint colors appeal to the greatest number of people, making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, tape, drop cloths and brushes.

Tip 3: Save the popcorn for the movies.

Few structural elements date a house more than popcorn ceilings. So dedicate a weekend to ditching the dated look and adding dollar signs to the value of your home. First, visit your local hardware store for a solution to soften the texture. Then, simply scrape the popcorn away. It'll bring your house into the new millennium with minimal cost and effort.

Tip 4: Cleanliness counts.

You only get one shot at a first impression, so make the interior of your home shine from the entrance to the exit. For less than $400, you can hire a cleaning service for a thorough top-to-bottom scrubbing. Even if you clean your home regularly, you likely miss or overlook some nooks and crannies.

Tip 5: Small bathroom updates equal a big return.

Bathroom updates are always a smart move. Even if you can't afford a full remodel, small changes can update the room without bruising your bottom line. For a quick, inexpensive face lift, replace dated wallpaper or light fixtures with updated paint and lighting.

Do you have any other budget conscious ideas on how to add value to your home?

fun in fort lauderdale

By Guest Contributor, Mike Mangold, Managing Broker, Coldwell Banker Residential Real Estate, Fort Lauderdale and Las Olas offices

Having family in for the holidays? Here’s just a small list of fun things to do in Fort Lauderdale...

BONNET HOUSE MUSEUM & GARDENS

Rated number one of the top 90 “to do” spots. The home of famed artist, Frederic Clay Barlett and his wife, Evelyn, the Bonnet House ocean-side grounds and estate are open to the public.

SAWGRASS RECREATION PARK

This is an exciting airboat tour in the Everglades. Rumor has it that reservations should be made early in the day for a better chance to see alligators. Be sure to ask about the free, annual one year pass for Florida residents. U.S. 27 N of I-595 Fort Lauderdale, FL 33329 (954.389.0202).

SPIRIT OF LAUDERDALE CATAMARAN

Quoted by one tourist as “heaven on the water” this day cruise is a “must do” for water lovers. The crew is known for their safety, knowledge of the area and love of the sea.

BROWARD CENTER FOR PERFORMING ARTS

The beautiful Performing Arts Center in downtown offers a variety of musical & theatrical productions including touring Broadway shows.

HUGH TAYLOR BIRCH STATE PARK

Just a stone’s throw from Bonnet House, this ocean-side, 180-acre park offers picnicking, camping, biking, swimming & canoeing.

MUSEUM OF DISCOVERY AND SCIENCE AND IMAX 3D THEATER

Meant for kids of all ages, this interactive science museum makes learning fun. Features include a Discovery Center for younger children, a planetarium with powerful telescopes and an IMAX Theater that shows daily science-related films on its giant, 3-D screen.

LAS OLAS BOULEVARD

This lively, trend-setting downtown boulevard is the perfect place to stroll, shop excellent boutiques, dine local cuisine, listen to music, relax at a sidewalk café or take a gondola ride through the Venice of America.

Wishing everyone a happy, safe and peaceful holiday season!

gateway to the gulf stream

By Guest Contributor Larry Melear, Managing Broker, Coldwell Banker Residential Real Estate, Boynton Beach

Boynton Beach is the third largest city in Palm Beach County and offers a variety of living styles from Intracoastal waterfront communities, to old Florida style homes to newer communities in the western portions of the city.

History

The City of Boynton Beach, "The Gateway to the Gulf Stream," is a coastal city located in a rapidly growing area of Palm Beach County Florida. Major Nathan S. Boynton, a native of Michigan who distinguished himself in the Civil War, founded the city, which has a current population of over 65,000. Boynton directed the construction of the Boynton Beach Hotel from 1895 to 1897. He and his workmen, recruited from Michigan, brought their families and settled in the new town of Boynton. With other settlers, the early years of the city were spent building a town, raising vegetables to supply their needs and those of the guests at the Boynton Beach Hotel, and shipping pineapples, tomatoes and other cash crops. Today, the city attracts a multitude of business and industry and people of all ages and interests.

Boynton Beach Today

Residents and businesses in Boynton Beach are served by a city government that provides a variety of services and amenities such as golf, tennis, library services, and oceanfront and special events. The city's elected officials, employees and residents are dedicated to making Boynton Beach a great city in which to live, work, play and learn.

Learn more about Boynton Beach

Have you been to Boynton Beach? What are some of you favorite things to do?

Strengthening Sarasota Coldewell Banker Team

Coldwell Banker Residential Real Estate welcomes Sarasota area HUNT sales professionals, as a result of a reassignment by HUNT last week.

“There are a great number of similarities between our two organizations and sales competencies, steeped in real estate history and an unwavering customer commitment. We are delighted to welcome HUNT Real Estate ERA professionals to the Coldwell Banker family as we continue to serve our local Sarasota Bay community,” said Clark W. Toole, III, President, Coldwell Banker Residential Real Estate.

“This transition strengthens our ability to serve the real estate needs of our Sarasota market,” said Sue Wolverton, Regional Senior Vice President, Southwest Region which includes Sarasota, Manatee, Collier, and Charlotte Counties. “We look forward to working with our new team members.”

Read more in the Herald Tribune.

Are you working with a real estate professional to help buy or sell your home?

High Heeled Homeowners

A November National Association of Realtors report noted that 21% of home buyers nationwide are single women; among first-time buyers, that number rises to 25%. By contrast, single men represent 10% of buyers; among first-timers, 12% are single men.

According to a 2008 nationwide census survey, there are 163 single female homeowners for every 100 single male homeowners. Sixty-three percent of women buyers chose single-family homes, 13% chose town houses and 19% bought condominiums.

In 1981, single women accounted for 11% of buyers. Sixteen years later, in 1997, the number had risen to 18%, and in 2007 and 2008, one in every five home purchases was made by a woman.

The National Association of Realtors also reports that 60% of Realtors are women. The typical Realtor is female, 52, married and college-educated. So both the buyer and seller sides of real estate are female-dominated.

Why do you think that women have more of an interest in real estate than men do?

Real Estate Agents: Good for your health?

By Guest Contributor Don Nelson, Sales Associate, Coldwell Banker Residential Real Estate Aventura office.
www.Floridamoves.com/Don.Nelson

Selling property, as is associated with moving, is listed among the top three to five most stressful life situations. A real estate agent can be considered your best ally against this assault on your emotional well being. A Realtor frees you from the burden and stress associated with selling your property in many ways including marketing your property through a variety of success oriented mediums, handling associated advertising costs, providing appropriate forms and agreements, handling negotiations, access and assistance to real estate financing resources and managing inspections.

What are some other things real estate agents can do to assist their clients when buying or selling a property?

The FHA monkey wrench

By Guest Contributor Carlos Lobato, Sales Associate, Coldwell Banker Miami Lakes office

www.FloridaMoves.com/Carlos.Lobato

Generally speaking, the real estate industry is cautiously optimistic that we’re presently at the beginning of a market recovery. The signs of this recovery are primarily manifesting themselves in the entry-level sector of the market. This is to be expected, as real estate markets tend to recover from the bottom up; today this is largely an FHA-loan fueled recovery. So why then is the FHA looking to throw a monkey wrench in to the works?

I’m quite weary of the proposed changes to FHA loans for 2010. Here are just a few:

• Minimum credit score of 640; it is now 620
• Lowering the maximum debt to income ratio to 50%, today the ratio is higher
• Increasing the down-payment requirement from 3.5 to 5%
• Risk-based pricing: higher rates for riskier borrowers, fewer will qualify
• New minimum net worth requirements for FHA lenders-smaller lenders will not qualify so there will be less competition and ultimately less choice for the consumer

On the bright side, these are just proposed changes for now. And like any legislation, it will be disputed, negotiated, altered, and tweaked. However, if you suspect that your personal situation puts you right near the fault line of any of these changes, I’d run out and have a chat with your lender...

FLORIDA IS A CANADIAN BUYERS MARKET!!

By Guest Contributor Patrick Bilodeau, Sales Associate, Coldwell Banker Residential Real Estate Aventura Office
www.FloridaMoves.com/Patrick.Bilodeau

Canadian Buyers are actively seeking to purchase properties in South Florida. With the Canadian dollar on the rise, and the housing market stabilizing, it is once again a great opportunity for them to invest in purchasing their “pied a terre” - their seasonal home!

The Canadians have always loved South Florida…. First, for the nice warm weather condition – a warmer option to their polar weather in winter. Secondly, the familiarity of lifestyle living. Lastly, the quality time and all the nice attraction that Florida has to offer! Most buyers prefer to purchase either in the West Coast or the East Coast of Florida, near the ocean.

One additional preference of the Canadian buyer that I have experienced, is their interest in seeking the professional real estate services from an established, well-known brokerage firm, like Coldwell Banker. Because of the familiarity of the brand (Coldwell Banker has several offices in Canada), they are more at ease. Lastly, our Canadian neighbors are mostly cash buyers and are ready, willing and able to purchase their next "pied a terre."

Patrick is currently marketing the following exceptional value. For additional information on this property, click the photo below.

The Floridian…A Great Deal in Miami Beach!

By Guest Contributor Darrell W. Burks, Sales Associate, Coldwell Banker Residential Real Estate, Miami Beach office.
www.DarrellBurks.com

The Floridian is getting a complete makeover. The building just completed renovating the sixth floor pool area complete with new furniture. It is now the picture-perfect backdrop for entertaining with friends and family overlooking Biscayne Bay and Star Island. As you drive up to the front of the building, the landscaping has been enhanced with colorful, exotic foliage. Coming next year is a new high designed lobby, hallways, gym and spa. This building has tennis courts, a food store and full service staff of valets, along with a front desk and management to take care of all of your needs.

There are 37 properties for sale — the lowest number available for sale in the last four years and another 11 pending sale. It is great opportunity to purchase on the way up in this soon to be fully face lifted building that provides great views of Biscayne Bay, Star Island, the Venetian Islands, South Beach and the Atlantic Ocean. You are within walking distance from Publix, Whole Foods, Best Buy, Ross, TJ Maxx, Pier 1, Starbucks and fine restaurants. One bedroom units start at $139,000; two bedroom units start at $269,900; three bedroom units start at $329,900.

I just sold apartment 1601 at the Floridian in South Beach located at 650 West Avenue.. It sold for $500,000 which was $60,000 over the most recent comparable sale in that line that sold in the previous 30 days.

For further information about available units or recent sales, please contact me directly. It is a great time to buy at the Floridian!

Tax Credit Part 2: It's not just for first-time homebuyers anymore!

By Guest Contributor Donald Smith-Browne, Manager, Coldwell Banker Residential Real Estate, North Palm Beach office

The new home buyer tax credit law went into effect November 6, including changes to rules for first-time buyers and the addition of policies allowing current homeowners to cash in on the credit.

The most anticipated change was the extension of the credit through April 30, but Palm Beach County Realtors also are boning up on other modifications to the law, which already has been used by about 1.4 million buyers nationwide.

The original deadline to earn the credit was November 30, leaving many buyers scrambling to find homes. With so many short sales on the market and real estate investors picking off the foreclosures with cash, home shopping became a frustrating endeavor for many.

The housing tax credit is expected to cost the government about $11 billion, but hopes are that it will spur the economic recovery by bolstering home sales.

See more at this Palm Beach Post link.
http://www.palmbeachpost.com/money/real-estate/tax-credit-part-2-it-s-not-just-100874.html

Vote on Mashable

Coldwell Banker continues to be ahead of the competition when it comes to all things real estate. In the few short months since it launched their YouTube™ channel Coldwell Banker On Location (www.youtube.com/coldwellbanker), the channel has posted nearly 5,000 videos and provided over half a million consumers a new way to search for and interact with real estate information and listings.

Mashable, the online social media guide, recently recognized the innovativeness of On Location by nominating it for an award in the category “Best Brand Use of You Tube.” The winner is selected by the voters, so make sure you cast your vote for Coldwell Banker On Location before Sunday, December 13 at 11:59 pm EST. Don’t delay, go to http://mashable.com/owa/votes?v=12&c=3 to vote!

Our cameras are rolling, so tell us what you’d like to see in upcoming videos!

Top Holiday Events in Fort Lauderdale

By Guest Contributor Andy Weiser, Assistant Manager, Ft. Lauderdale NE and
Ft. Lauderdale Beach offices.
www.Floridamoves.com/Andy.Weiser

Who says that all there is to do in Fort Lauderdale in the winter is sit by the beach or your pool and work on your tan?

Fort Lauderdale will be hosting a number of Christmas, New Year's and holiday events, and many are family-friendly events. These include Winterfest Boat Parade, the annual tree lighting ceremony and the Fort Lauderdale Christmas Pageant. Whether heading downtown or relaxing on the beach, here are some of the top events to enjoy:

Fort Lauderdale Christmas Pageant
This holiday season isn't complete without the annual Christmas pageant. This grand event will lift your spirit and get you in the mood for a fun and festive season. The pageant has been a mainstay of the holiday events in Fort Lauderdale for over 25 years and features inspirational contemporary songs, a musical drama of the nativity and a snow-filled wonderland. Tickets to can be
purchased online.

Santa on the Beach
The City of Fort Lauderdale welcomes Santa to the beach each year and he'll be toting along a giant bag of candy for the traditional candy giveaway a few days before Christmas. You can find Santa and his elves on Fort Lauderdale Beach, across the street from the Oasis Café. Call the Fort Lauderdale Parks and Recreation Department at 954. 828.7275 for more information.

New Year's Eve Downtown Countdown
Ring in the New Year at the free Downtown Countdown event that's held on SW 2nd Street in downtown Fort Lauderdale. The family-friendly event kicks off at 5 pm with an early countdown just for kids at 7 pm. You can enjoy live music and entertainment until 3 am on New Years Day.

Winter Break Camps in Palmetto Bay

By Guest Contributor Joanna Sherman, Branch Manager, Coldwell Banker Residential Real Estate, Pinecrest office
www.Floridamoves.com/PinecrestNorth

Will you be working during you child’s winter break? There are many different options for winter camps in Palmetto Bay. The Village of Palmetto Bay is offering two different winter camps: the Skate & Adventure Holiday Camp and the Holiday Camp at Ludovici Park. The programs at the Skate & Adventure Holiday Camp include skateboarding, outdoor games, sports, arts and crafts, kite flying, scavenger hunts and more. The programs at the Holiday Camp at Ludovici Park include arts and crafts, outdoor and indoor games, movies and library visits. Both camps have two sessions, the first from December 21-24 and the second from December 28-31. The camps run from 8:30 am – 5:30 pm The cost is $115 per week.

The Deering Estate at Cutler is offering three winter camps: The Deering Discover Camp, The Creative Eco-Art Camp and Camp Ikana Okee. At the Deering Discovery Camp, children will learn about history, archaeology and nature through hands on activities such as nature hikes, educational projects, a canoe trip and an archaeological dig. At the Creative Eco-Art Camp children explore fine and traditional craft art while making use of the archaeological, natural and historic setting of the estate. Camp Ikana Okee is an adventure camp for children ages 11 and up. Science, Education and Adventure are the focus of the camp as campers explore the wonders of the natural and marine world. All three camps have three sessions, the first from December 21-24 and the second from December 28-31. The camps run from 9 am – 4:30 pm The cost is $150 per week.

For further information, log into the following two Web sites:
http://www.palmettobay-fl.gov/parks.htm
http://deeringestate.org/pages/KidsCampFieldTrips.aspx

Weston Real Estate Market Overview

By Guest Contributor Terri Bersach, Managing Broker, Coldwell Banker Weston Office
www.Floridamoves.com/Weston

the year draws to a close there is a limited amount of inventory available in Weston. Low interest rates and the homebuyer's tax credit have played a key role in this trend.

of December 1 there were 525 properties for sale in Weston, of which 217 are offered as short sale listings and 18 as REO or bank owned. As you can see these REO are few and they sell quickly. A buyer's best opportunity is found by working with a Realtor that has extensive market knowledge. Professionals can assist a buyer in determining the best opportunities in a given market.

There have been 995 sales in Weston year-to-date of which 19% were short sales compared to 41% of the current inventory listed as short sale. Bank owned sales were only 21% of the total sales. As you can see over 50% of the closed sales are traditional re-sales which still offer a good value to the buyer.

The luxury market in Weston is seeing an average of two new buyers per month. There are about 70, $1 million plus properties listed for sale. Buyers in this segment of the market are getting a lot of value for their money. Sellers who are currently listed or thinking about entering the market must make sure that they hire the best possible agent, not the one with the most listings but rather the one that has captured and continues to capture the highest number of buyers for these properties.

Many move up buyer's are asking themselves, if this is a good time to buy and, if so, do they sell their current home? Or do they keep it as part of their investment portfolio? I suggest that such question can only be answered by the individual after careful review of today's market trends. However buying your move up property has not been this affordable since the 1970's. It may be a great beginning for you and/or your family to start the new year in a new home in Weston.

Here are several such great opportunities:

Home Sellers Information Seminar

By Guest Contributor Joan Bradfield, Sales Associate, Coldwell Banker Residential Real Estate, Frisco Office

If you're in the Frisco, TX market and interested in learning more about selling your home and the extended federal tax credit, join us December 10. This free seminar takes place at 7410 Preston Rd, #115 (Kroger shopping center), 6-7:30 pm. For more information, contact 972.731.1242. Enjoy refreshments, door prizes and more.

New Moon Vampire Home on the Market

Check out the Vancouver estate owned by "vampire" Edward Cullen from Twilight: New Moon. For a cool $3.3M you can experience the lifestyle of the rich and famous. This is an ultra modern 5-bedroom/4-bath home. Not to worry about the darkside - this estate has plenty of sunlight streaming in.

See more at Money.cnn.com.

What do you think about this home? Could you live forever here?

No Room for Sloppy Work

By Guest Contributor Julia Stander, Assistant Manager, Coldwell Banker Residential Real Estate, North Tampa office

All too often agents forget the importance of crafting a clean offer with proper consideration (deposit). Not just in today’s market, but in any market, the extra time and effort to write a good contract with proper deposits up front will make the difference between a buyer having their dream come true or moving on. There is no excuse for sloppiness.

I recently had a listing that received multiple offers (yes that does happen today). The property went to contract, not to the highest offer but the best written.

It was exciting for the seller to get three offers so quickly. The lowest offer was rejected… it was well below the seller’s desired net. This left the other two to consider. The higher of the two provided a higher net to the sellers, however it was poorly written and there was no good faith deposit at the time of the offer, it was to be provided within two days of contract acceptance. In addition, important addendums were missing. Sloppy work. The second offer was well written, had all the addenda and importantly, the buyer provided a good faith deposit up front. This gave the sellers a higher level of comfort about the seriousness of the buyer. As a result, the sellers elected to respond to the lower offer and made a counter offer. The buyers were indeed serious and accepted the counter offer. It was most unfortunate for the poorly written offer, I’m sure the buyer really wanted the house as well.

What has been your experience with a poorly written contract? Julia Stander, julia.stander@floridamoves.com; www.juliastander.com

St. Lucie December Fun

By Guest Contributor Marcia Glorius, Manager, Coldwell Banker Residential Real Estate,
Port St. Lucie office

"Christmas Is ..." Musical/Toy Drive: Bring unwrapped toy for St. Lucie Co. Firefighter Toy Drive. Pineapple Playhouse, 700 W. Weatherbee Road, Fort Pierce, 8 pm, Dec. 4-5 & 2 pm, Dec. 5-6. $5-$10. Reserve 772.465.0366; www.PineapplePlayhouse.com

Holiday Fun: Vendors, food, entertainment. Music by Treasure Coast High School Tian Band. Whispering Pines Park, Port St. Lucie, 9 am - 4 pm, Dec. 5. Benefits band. Free admission. 772.480.4225

Treasure Coast HS Titan Band Holiday Bazaar: Whispering Pines Park, 800 Darwin Blvd., Port St. Lucie, 9 am, Dec. 5 tchsholidaybazaar@comcast.net

Port St. Lucie Community Band Holiday Concert: PSL Civic Center, 9221 S.E. Civic Center Place, Port St. Lucie, 2 pm & 7 pm, Dec. 6. $4-$5. 772.807.4488; www.cityofpsl.com

Christmas Chiller: Music, food, raffles, vendors. Sons of Italy Lodge 2594, 765 S.W. Dalton Circle, Port St. Lucie, 1-7 pm, Dec. 6. $8. Benefits Toys for Tots. 772.626.6228

"Christmas through a Child’s Eyes": Holiday Parade. Downtown Fort Pierce, 100 S. Second St., Fort Pierce, 1-6 pm, Dec. 6. Free. All ages. 772. 466.3880; www.mainstreetfortpierce.org.

Toys for Tots Benefit Concert: Live music, food, drinks, raffles. Sons of Italy Lodge No. 2594, 765 S.W. Dalton Circle, Port St. Lucie, 1-7 pm, Dec. 6. $8. 772.626.6228

Home Sales Up - Palm Beach Co. & Treasure Coast

By Guest Contributor Donald Smith-Browne, Manager, Coldwell Banker Residential Real Estate, North Palm Beach office

October was another banner month for home purchases, with sales up 36 percent in Palm Beach County and 46 percent in the Treasure Coast compared with the same month last year.

Florida's single-family home sales rose 45 percent compared with October 2008, according to a report released Monday by the Florida Realtors. The report also showed an 82 percent increase statewide in the sales of existing condos.

The Sunshine state's gains were reflected nationally, as sales of single-family homes, townhouses and condominiums surged 23.5 percent last month over October 2008. The numbers were reported in a National Association of Realtors survey, also released Monday.

Read more in the November 23 Palm Beach Post.

Short Sales Pitfalls

By Guest Contributor, Andrea Smith, Sales Associate, Coldwell Banker Residential Real Estate, Siesta Key office

In this time of turmoil in the financial markets, many people have had to take the short sale path to get to a better financial position. With the loss of so many jobs it is commendable that families in this troubled position work with the bank in whatever manner to strengthen their position and get out of financial difficulties.

As a reminder to agents, receiving compensation on short sales involving family members can be considered fraudulent.

Tina Gaffney, Managing Broker, reminded agents in a recent meeting that a sales associate may not receive compensation or payment as a part of the sale involving a short sale to any family member, unless specifically approved in writing from the lender. This includes a short sale on the associates own home.

Most lenders have requirements disallowing compensation and any payment to family members involved in the transaction of short sales. Rebates of any portion of the proceeds back to the family members involved are also disallowed. The lender may actually request the seller and/or broker to represent and warrant that this non compensatory condition will be upheld.

It should not come as a surprise to sales associates at the closing table. Sometimes in agents’ quest for making a living in this difficult market, these issues can often be overlooked. If you’re an agent and have questions, contact your managing broker who will provide the best guidance possible.

Camping Out for Premium Deals

By Guest Contributor Michael Demcho, Managing Broker, Coldwell Banker Residential Real Estate, Boca Downtown office

I found a recent Palm Beach Post article very interesting. Actually kind of shocking! It was about buyers actually camping out for days waiting to purchase premier lots and model homes at great prices. It was a nice to have a bit of information leading us to believe that even in today's market, if buyers see value they are ready to invest in real estate. Interesting food for thought.

Forbes Sees Fast Recovery for Texas

Texas’ four major metros are in the top 10 fastest-recovering cities nationwide, according to Forbes magazine.

Dallas–Fort Worth–Arlington was ranked the sixth fastest recovering metro area in the country, with San Antonio the second, Austin the third, and Houston–Sugar Land–Baytown the eighth.

“Texas didn’t have as big of a boom,” said Dr. Jim Gaines, research economist at the Real Estate Center at Texas A&M University. “So we’re not having anywhere near the kind of bust.”

The magazine attributed their relatively quick recovery to Dallas’ thriving technology industry, San Antonio’s and Austin’s high number of municipal jobs, and Houston’s energy sector, as well as the state housing market’s ability to remain stable while other states’ markets crashed.

Forbes ranked the country’s 100 largest MSAs according to each area’s September unemployment rate and foreclosures, gross metropolitan product, home prices and sales rates.

What are you seeing in Texas markets?

Wise to Sell During Holidays?

By Guest Contributor Amit Bhuta, Sales Associate, Coldwell Banker
Kendall Town & Country Office

During this time of the year, I get asked by many potential home sellers whether or not this time of the year is the right time to sell. Many sellers feel there are less sales this time of the year and that people are spending money on the holidays rather than homes. They also say that homebuyers have too many obligations (parties, events, etc.) right now, taking longer to sell a home. So is it a good time for your home to be on the market during the holiday season? The answer is DEFINITELY!

Although there have been times in the past when sales in Miami-Dade County have been the least for the year, last year, December, was the busiest month of the year. According to the South East Florida MLS, there were 1,449 sales during the last month of the year. October was second with 1,277 sold. So, what is a possible reason for so many sales in December? A possible explanation is that because of our wonderful weather during this time of the year, there are more visitors. When they think of how beautiful this time of the year is here compared to where they live, there are quite a few of them that decide that they would love to have a home or vacation home here, especially since Miami IS ON SALE! (Source: www.DadeCountyMLS.com).

Another thing mentioned by potential home sellers was that people are spending money on the holidays and not homes. That is definitely true for many buyers, but it isn’t true for all of them. It is not the quantity of homebuyers that look at a home but rather the quality of the homebuyer who looks at the home. There is no better time of the year to find quality homebuyers looking at homes than during the holidays. Does it take longer to sell a home during this time of the year? It does not. Over the years, the days on the market to sell a home varies a lot. There is no given month that takes longer than other months.

Thanksgiving dinners, holiday parties, work parties, and many other different events this time of the year take time away from our busy schedules to look at homes. That is a very good thing if you are a home seller. There is no better time to have a holiday party and invite many people to your home so they will all be aware that it is for sale. A decorated home is more attractive and allows the guests to mention how beautiful it looked to all of their friends, and also mention that it is for sale.

Other reasons now is a great time to sell:

1. Since many people do not put their home for sale during this time of the year, there are fewer homes for buyers to select from. This means less competition for the home and allows the seller to get more for the home.
2. The homebuyer tax credit was renewed, allowing more people to benefit from it. Since the buyer needs to have an offer accepted by April 30, 2010, many of them are looking for homes this time of the year because of the limited time they have.
3. Holiday time is family time, and family time is an emotional time. People buy homes based on emotions. So now is a great time for buyers to envision themselves and their family in their new home.

These are just some of the reasons why it is a great time to sell your home during the holidays. Seasons greetings to all of you! I wish you and your family the very best. Have a safe and happy holiday season.

Amit is currently marketing the following exceptional value in Palmetto Bay, Florida. Click on any of the photos for additional information on the property.

Key Biscayne…A Sportsperson’s Paradise!

By Guest Contributor Susie Abell, Manager, Coldwell Banker Residential Real Estate,
Key Biscayne office
www.FloridaMoves.com/KeyBiscayne

 

 

Whether it is kite boarding, playing tennis or watching the top men and women players in the world at the Sony Ericsson Open or taking advantage of the championship golf course in Crandon Park, Key Biscayne has the perfect location for every type of sports activity.

 

From the shoreline to the parks, you can feel the heartbeat of this active island. Residents and visitors alike take advantage of all the activities that flow from the Rickenbacker Causeway to the tip of Bill Baggs Cape Florida State Park.

Golf – Crandon Golf Key Biscayne is an 18-hole championship golf course surrounded by water, mangroves and lush, tropical foliage. The course is considered one of the most beautiful and difficult par-72 courses in the state. The course also holds the distinction of having been rated in the top 10 courses by Golfweek magazine. Facilities include a pro shop, electric carts/GPS, equipment rentals, restaurant and bar, lighted driving range and practice chipping and putting greens. For information, call 305.361.9129.

Fishing – You’ll be hooked on Key Biscayne’s amazing fishing scene. Fishing is definitely an island activity that can take place at various sites around the tropical coastline. Check out the fleet of fishing boards that call Crandon Marina home or stop buy and pick up dinner as fresh fish are sold at the end of the day. For boat rentals, contact 305.361.5207.

Diving-Snorkeling – Within miles of Key Biscayne there are coral clusters and sunken ships perfect for every level of diving skill. Right off Bear Cut Bridge in Crandon Park is an ancient fossilized mangrove reef carbon-dated to 64 A.D. For information, call 305.365.3018.

Kite Boarding – This new popular water sport is often seen in and around Biscayne Bay. For more information call 305.361.0168.

Eco-Adventures – Explore and experience the wildlife and varied marine life around Key Biscayne by kayaking and snorkeling in Crandon Park. Knowledgeable and experienced guides help you discover the unique marine environment that is often referred to as the “backyard of Miami.” For information, call 305.365.3018

Bicycling – Key Biscayne is a bicyclist’s dream! Biking along the streets and paths of the barrier island will give you a breathtaking look at a special piece of Key Biscayne’s natural beauty and history. There is a Key Biscayne Heritage Trail Bike Trip (considered a moderate to easy ride – 12 miles round trip). There are several places to rent or buy bikes on the island.

Bird Watching – Tons of species of the winged population can be found on Key Biscayne which is why the island is becoming a favorite spot for birdwatchers from near and far. Whether you visit during the fall migration (mid-August to the end of October), the spring migration (late March to mid-May) or in winter (when mixed flocks are abundant), you will enjoy the variety. For information, call 305.361.5811.

Tennis – The Sony Ericsson Open, held annually in the Crandon Park Tennis Center, delivers the best in tennis in a setting that truly is paradise. The tournament, usually held in late March or early April, is considered the fifth Grand Slam and features the best women and men players in the world. For more information, call 305.442.3367.

You don’t have to be a pro, however, to take advantage of this facility which features everything from 18 Laykold cushioned hard courts (6 lighted for evening play), 6 state-of-the-art clay courts plus 2 grass courts. Pro-shop has equipment and apparel for sale as well as you can get your racket re-stung.

Running/Jogging – abound for walking, jogging and running throughout Key Biscayne and Bill Baggs State Park. In addition, the island hosts a number of running events, such as the Key Biscayne Lighthouse Run scheduled every November, where more than 1,000 runners participate.

Adult and Youth Sports Programs – Whether you’re looking to get a little exercise with friends or introduce your kids to team sports, the Village of Key Biscayne has the camp, team, clinic or sport for you. For information, call 305.365.8900.

 

 

(Information courtesy of: Key Biscayne Chamber of Commerce)

If you would like to live on this special island, right next to downtown Miami, here are a few properties that are currently for sale:

570 Warren Lane                    251 Crandon Blvd. -#606          401 Woodcrest Road