South Florida Real Estate Homes For Sale, Fort Lauderdale and other Cities.: broward county

Showing posts with label broward county. Show all posts

Sunday, January 1, 2023

Why Should I invest in South Florida?

Invest in South Florida

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Let’s use the area of Fort Lauderdale as an example:

Ft. Lauderdale and Surrounding areas" Great Weather a tropical paradise with an average yearly temperature of 76°F/25°C & an average winter temperature of 66°F/19°C. Don’t forget the over 3,000 hours of sunshine each year.

Boating Home to over 42,000 pleasure crafts, Broward County is also known as the “Yachting Capital of the World”.

Beaches Broward County has 23 miles of Atlantic Ocean coastline and 300 miles of navigable waterways, earning it the nickname: “The Venice of America”.

Water Sports Enjoy top-rated fishing, snorkeling, sailing, boating, kayaking, swimming, SCUBA diving and other water sports all year around, or simply enjoy being Near the Ocean and breathing that pure air.

There are many factors that can make Florida an attractive destination for real estate investment. Some of the reasons that people may consider investing in Florida real estate include:

Strong economic growth: Florida has a diverse and growing economy, with several industries that contribute to its economic strength, including tourism, healthcare, finance, and trade.

Positive demographic trends: Florida has a large and growing population, with many people moving to the state for work or retirement. This can create demand for housing and contribute to appreciation in property values.

Attractive tax policies: Florida has relatively low property taxes compared to some other states, which can make it more affordable for homeowners. The state also has no personal income tax, which can be a significant advantage for people who are looking to retire or relocate to the state.

Strong rental demand: Florida is a popular destination for tourists and vacationers, which can create demand for rental properties in certain areas. This can make it easier for investors to find tenants and generate income from their properties.

Diverse real estate options: Florida has a wide range of real estate options, including single-family homes, condominiums, townhomes, and more. This can make it easier for investors to find properties that meet their investment goals and budget.

It's important to note that real estate investment carries inherent risks and may not be suitable for everyone. It's always a good idea to research and carefully consider the potential risks and rewards of any investment before deciding.

How Much will my Florida Home be worth in 5 years?

Going with a conservative appreciation rate for Homes of 3.5% per year you can expect a $500K Home to appreciate to:

5 years $594K

10 years $706K

20 years $1 Million

Due to low interest rates and other issues home values in Broward County FL increased by at least 20% in 2021, so as you can see this is a conservative estimate of future value, we might get another interest rate decrease soon, we’ll have to wait to see how the home market will react, it is impossible to predict the future, we can only look back.

Commercial Properties tend to do better than Homes.

There are some 4 Plex and big apartment buildings with more units that have chosen to ren through Airbnb, VRBO, Booking, Expedia and other short term rental sites, this is very lucrative the Fort Lauderdale Hollywood area is in high demand for short term rentals with tourists.

How to Get Ready to Buy:

Sunday, December 25, 2022

Things to do Before Putting Up my Florida Home for Sale

Selling my Home in Florida What should I do

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There are several things you can do to prepare your house for sale:

First things first – have a garage sale. Whatever doesn’t sell needs to be set out for a Disabled American Veterans or Association of Retarded Citizens pickup. Once the clutter is cleared away, it will be easier to see what needs to be done.

This is your first impression, so it had better be a good one.

Edge, mow and fertilize the lawn regularly. Make sure it’s well watered and reseed any sparse areas.

Put a bright coat of paint on your mailbox.

Trim hedges weed lawns and flowerbeds, and prune trees regularly. Cut back overgrown shrubbery that looks scraggly or keeps light out of the house.

Buy a new welcome mat.

Check the foundation, steps, walkways, walls and patios for cracks and crumbling, and reseal if possible.

Clean and declutter Make sure your house is clean and clutter-free. This includes cleaning carpets, windows, and surfaces, as well as getting rid of any excess furniture or clutter.

Repair and update Fix any damage or worn-out features in your home, such as leaking faucets, broken tiles, or outdated appliances. Consider making small updates, like painting the walls or replacing old light fixtures.

Stage the interior Consider staging the interior of your home to make it more appealing to potential buyers. This can include rearranging furniture, adding decorative accents, and making sure each room looks welcoming and well-organized.

Improve curb appeal First impressions matter, so make sure the exterior of your home looks attractive. This includes mowing the lawn, trimming shrubs, and adding colorful plants or flowers.

Gather necessary documents Have all necessary documents, such as your property title and any warranties or receipts for repairs or updates, ready to give to potential buyers.

Set the right price Determine the right price for your home by considering factors such as location, size, condition, and recent sales prices for similar homes in your area.

See Details, I will Contribute 10% of my Professional Fee toward your Closing Costs!

Ask me for a Home Market Value analysis, I'll send it to you via Email, just fill out this brief Email Form.

Thank you for the trust placed in me,

Antonio Ortega, LLC

www.AntonioOrtegaLLC.com For Residential Properties

www.AntonioOrtegaLLC.net For Commercial Properties

Visit our Secure Website often: www.SouthBrowardHomesbyTony.com

Antonio Ortega LLC Licensed Real Estate Professional with Global Luxury Realty

PS. Be it today, tomorrow or six months from now, I'm prepared to offer you dedicated extraordinary service.

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Saturday, December 24, 2022

How to Avoid Probate in Florida

Avoid Probate in Florida

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You probably have heard some horror stories of how when somebody died that intended to leave his/her property to their kids, that they couldn’t because all the costs involved in long litigation, there is a way to avoid this consult with a probate attorney.

What Happens During Probate

During probate, the court appoints a personal representative, also known as an executor, to oversee the administration of the estate.

The personal representative is responsible for inventorying and valuing the deceased person's assets, paying any debts or taxes owed by the estate, and distributing the remaining assets to the beneficiaries named in the will or, if there is no will, to the heirs according to state law.

If the deceased person owned a home, it may be subject to probate and be included in the distribution of the estate's assets. If the home is not specifically bequeathed to a specific beneficiary in the will, it may be sold and the proceeds distributed to the beneficiaries according to the terms of the will or state law.

It is important to note that the probate process can be time-consuming and costly, as it involves court fees and legal expenses. It is possible for a person to lose their home as a result of probate if they are unable to pay these expenses or if the home is sold to cover the costs of the probate process.

Some Ways to Avoid Probate in Florida

Probate is the legal process of administering a person's estate after they die. If you want to avoid probate on your home, there are a few steps you can take:

Hold the property in joint tenancy: If you own your home with another person as joint tenants, the right of survivorship means that the surviving owner automatically becomes the sole owner of the property when the other owner dies. This can help avoid probate because the property does not need to go through the probate process to transfer ownership.

Hold the property in a trust: Another way to avoid probate is to hold the property in a trust. A trust is a legal entity that holds legal title to property on behalf of a beneficiary. If you create a trust and transfer ownership of your home to the trust, the property will not need to go through probate to transfer ownership to the beneficiaries named in the trust.

Tuesday, March 15, 2022

House Flipping as Your Second Career in Florida

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Have you always wanted to have your own house-flipping business? As a retiree, this is a great time to live out that dream. Take your experience and that of licensed professionals and build a second career doing what you love and sharing it with others. Consider the following strategies.

Getting Started

Consider establishing your business as a limited liability company to legitimize yourself with clients and contractors, gain tax benefits, and shield yourself from litigation. The easiest way to register your Florida LLC is to work with a formation service.

Create an eye-catching logo, name, and website, and keep your business card handy to share with contacts. Work with an experienced and dedicated real estate agent Antonio Ortega LLC from Global Luxury Realty to locate homes in a marketable area. A skilled real estate professional can also guide you in finding a mortgage, sharing what buyers in certain areas are looking for, and helping you sell your flipper for a profit.

An outdated, older home in an established and reputable neighborhood is a gem worth looking for. These homes may be sold as-is, however, so take extra precautions when viewing potential projects. Look for signs of a leaking roof or windows that have caused damage. If you know someone with HVAC knowledge, take your friend with you or have a contractor prepared to view and assess homes and provide estimates of repair costs before purchase. It is a good idea to add 20% onto that estimate in case foundation problems, asbestos, or mold are discovered later.

The True Value of Your Home in South FL

Getting the Work Done

Flooring, painting, and cabinetry are immediate items to think about updating if needed. You can save money by sanding and staining existing cabinetry and wood flooring. One study shows that 54% of buyers are willing to pay more for hardwood flooring when purchasing a home, so consider this when figuring out the best return for your investment if flooring needs to be replaced. You can also add value with new faucets and cabinet hardware.

Starting out, don't get into large renovations. Time is money, so stick to doing what you know you can accomplish in a short period of time. For projects you do not have experience with, hire a contractor to make sure work is done efficiently and correctly. With a kitchen remodel, moving or replacing plumbing should be left up to a licensed and insured plumber. Get referrals and read online customer reviews before hiring anyone.

Another task best left to professionals is electrical issues. Oftentimes these put you in a panic, but generally, the problem can be quickly located and remedied by a professional electrician, saving you time and frustration.

Adding Finishing Touches to Draw In Potential Buyers

Spend time on the outside. The curb appeal of your home is the first impression it makes, and to get potential buyers into a home, it needs to look fresh and welcoming. Clear out old landscaping and replace it with younger shrubbery and colorful perennials and annuals. Power wash the home, walkways, landscaping pavers, and wood fencing, and touch up or repaint anything that is looking dingy. Updating exterior light fixtures, the mailbox, and the color of the front door will make for a finished look.

With planning and good management, your new business can be a successful profit-making venture. Be smart and conscientious and work with reputable contractors to create a property that you can be proud of and enjoy sharing with others.

How to get Homes that need some upgrading and TLC

They are available from us in Broward County, Plantation, Davie, Fort Lauderdale, Hollywood, Southwest Ranches, Cooper City, Weston, and other cities, ask me for the special Homes to Flip search list, I'll send it to you right away.

Let me know your area of interest whether Broward County wide or more localized, Price Range and whether Single Homes, Condos, or both.

Thank you for the trust placed in me,

Antonio Ortega, LLC

www.AntonioOrtegaLLC.com For Residential Properties

www.AntonioOrtegaLLC.net For Commercial Properties

Visit our Secure Existing Homes Website: www.SouthBrowardHomesbyTony.com

Antonio Ortega LLC Licensed Real Estate Professional with Global Luxury Realty

Click Here to Contact Us

AntonioOrtegaLLC.com

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