Hollywood Florida Renters, Are You Ready To Buy A Home??

Hollywood Florida Renters, Are You Ready To Buy A Home??

And stop throwing your hard earned $$$$ away!!

 

The average rent for a 3 bedroom 2 bathroom rental is $2,150 monthly and typically 3 times that amount to move in which comes out to $6,450.

For first time home buyers to purchase a home with an FHA mortgage loan they would need almost the same amount for their down payment.

 For example for a 3 bedroom 2 bathroom house purchased at $250,000 you would need 3.5% down payment which would come out to be about $8,750.

 That's with a 30 year fixed rate mortgage at 5% interest rate your mortgage payment would be $1,667 a month.

That's a savings of $483 monthly which calculates to $5,796 yearly and multiply that for 30 years which is a total savings of $173,880. Not including tax deductions and the credits you can claim for home ownership and work from home businesses if that applies to you.

Get an estimate on mortgage payments and down payment amounts with the mortgage loan calculator below.

Free Mortgage Calculators  

To see homes for sale in Hollywood Florida that cost $250,000 or less, click here.
As of the date of this blog December 31, 2017 there are currently over 600 homes for sale that are $250,000 or lower in price.

 If that's not enough consider the fact that if you're in an apartment you have to live with certain limitations so as not to bother your neighbors, vice versa.

You may not be able to decorate, paint or remodel like you wish to.

The money you're spending on rent every month is paying for your Landlord's assets and not your own.

You have no assets to leave to your heirs. 

Priscilla Hammond Licensed Real Estate Agent
RE/MAX Consultants Realty 1
1625 SE 17th St. Causeway
Fort Lauderdale, FL 33316
Office 954-767-4667
Direct 305-783-4269

#homes for sale in Hollywood Florida #first time home buyers #mortgage loan calculator #buying a home

Help With The Question- Should I Really Sell My Home?

Help With The Question- Should I Really Sell My Home?

Many homeowners are ready to sell their current home to buy a new house because of so many different reasons.


There are some homeowners who currently owe more than what their home is worth. Does that mean they should sell it? Not necessarily. The home values will go back up in the future and you will no longer owe more than what your home's value is.


 You should sell if:

    You’re moving to a new area and you need to sell your home to buy a new house.
    You can make a decent profit on selling your home.
    There is no way possible to maintain your mortgage payment and you’ve already tried a loan modification.
    Your home no longer fits your current family composition, budget and or lifestyle.

But don’t abandon it and let it get foreclosed on. Owning your own home is still every American's dream, so don’t just give up on yours without a fight. There are several alternatives to help prevent you from losing your home and I can give you tips on how to prevent foreclosure.


For example, I know a guy that had to move out-of-state due to a family emergency. He could no longer afford his current mortgage payment because he had a household to maintain out-of-state. He was going to abandon his home and let it get foreclosed on.


I advised him that before he allows that to happen, I could try to help him. I called his mortgage company to find out how bad his situation was. Luckily he was only 2 payments behind and not nearing the foreclosure process yet. They told me that if he can just pay something on it during the month of October it would keep him safe for a little while.


I talked to him about allowing me to find a tenant for it and to provide property management services for his home since he lived out-of-state.


I found 4 tenants for his property within a week (which the rent amount will cover his mortgage payment and my fee) and I’m going to manage his property for him and pay the mortgage monthly with the rent that I’ll be collecting from the tenant.


There are several other viable solutions to just allowing your home to get foreclosed on, call for a consultation, no problem is too big or too small for me.

#should I sell my home #how to prevent foreclosure #selling a home

Priscilla Hammond, Real Estate Agent

RE/MAX Consultants Realty 1

1625 SE 17th St. Causeway

Fort Lauderdale, FL 33316

Cell 305-783-4269

Office 954-767-4667

Cooper City FL Real Estate Market Trends Last 10 Years

Cooper City Florida Real Estate Market Trends Chart

 

 The chart is made from this data which is the average sales price per month for every month beginning January 2007 through November 2017 for single family houses that are within a 5 mile radius from the center of Cooper City, Florida. There were a total of 26,335 home sales used in the composition of this chart.

Month 2007 2008 2009 2010 2011 2012 January $366,700 $300,000 $196,750 $161,835 $205,000 $183,000 February $350,000 $310,000 $202,500 $199,900 $185,000 $172,000 March $356,000 $302,500 $227,500 $240,000 $187,750 $190,000 April $350,000 $299,500 $200,000 $205,000 $170,000 $188,750 May $335,000 $276,500 $190,000 $187,500 $177,500 $210,000 June $361,800 $280,000 $222,500 $190,000 $194,250 $210,000 July $364,900 $276,000 $218,500 $185,500 $187,500 $212,450 August $372,000 $263,000 $205,500 $197,750 $215,000 $201,000 September $328,450 $238,900 $236,000 $207,000 $185,500 $190,500 October $365,000 $250,000 $213,000 $200,000 $187,000 $224,000 November $343,000 $220,000 $185,500 $189,500 $219,450 $230,000 December $304,000 $221,000 $188,200 $185,500 $185,000 $200,000 Total SP $4,202,850.00 $3,237,400.00 $2,485,950.00 $2,349,485.00 $2,298,950.00 $2,411,700.00 Average SP $350,237.50 $269,783.33 $207,162.50 $195,790.42 $191,579.17 $200,975.00

2013 2014 2015 2016 2017 $237,450 $230,500 $285,950 $281,000 $333,000 $210,000 $240,000 $285,000 $310,000 $329,250 $235,750 $270,000 $287,750 $297,500 $346,500 $235,000 $268,000 $283,950 $315,000 $325,000 $273,100 $263,450 $268,000 $320,550 $320,000 $265,450 $263,000 $310,000 $324,750 $372,250 $280,000 $265,000 $335,000 $317,000 $351,000 $266,500 $285,000 $300,000 $340,000 $355,000 $270,000 $261,907 $272,000 $330,000 $365,000 $274,500 $279,938 $280,500 $325,000 $340,000 $265,500 $265,500 $276,750 $339,900 $346,000 $247,250 $285,000 $315,000 $310,000 $3,060,500.00 $3,177,295.00 $3,499,900.00 $3,810,700.00 $3,783,000.00 $255,041.67 $264,774.58 $291,658.33 $317,558.33 $315,250.00

Looking at this chart 2007 was the year with the highest median single family home price coming in at $350,238 for the average sales price in the Cooper City, FL area. In 2007 the month with the highest median home sale price was August for $372,000 and the month with the lowest median sale price for single family detached homes was December for $304,000. In 2008 there was a big drop in the median sale price going down to $269,783 with February being the highest month at $310,000 and November being the lowest month at $220,000, that's over $100k price drop from November 2007 which was $343,000. 2009 had a median sales price of $207,163 with September being the highest month at $236,000 and November being the lowest month at $185,500. 2010's median home sales price was $195,790 with the month of March being the highest month at $240,000 and January was the lowest at $161,835. For 2011 we had an average price of $191,579 with the highest in November $219,450 and the lowest average sales price of $170,000 in April. $200,975 was the median sales price in 2012 with November as the highest month at $230,000 and February being the lowest at $172,000. If you purchased your house in 2009-2012 you should be sitting pretty currently. 2013 is the year the median home prices started on an upwards trend at $255,042 for the yearly median home sales price. July was the highest month averaging out at $280,000 and $210,000 in February was the lowest. 2014 was $264,775 for the average price for the year. August and December tied for the highest at $285,000 and the lowest was January at $230,500. The median sales price for 2015 was $291, 658 with the month of July being the highest at $335,000 and May was the lowest at $268,000. 2016's average sales price was $317,558 with August as the highest month at $340,000 average home selling price and March was the lowest at $297,500. 2017 is going to be the year with the highest average sales price since the market failure because without December's sales being added in it's already at $315,250. The highest month was June at $372,250 and the lowest was May at $320,000. If you're in Florida and you want to know the market sales trends for your area, text me. Priscilla Hammond, Real Estate Agent RE/MAX Consultants Realty 1 1625 SE 17th St. Causeway Fort Lauderdale, FL 33316 Cell 305-783-4269 Office 954-767-4667

#Cooper City Florida Real Estate Market Trends #single family houses that are within a 5 mile radius from the center of Cooper City, Florida #selling a home #buying a home

Atlanta Georgia Real Estate Agent Tips Info and Homes For Sale: Short Sale Tips Do's & Dont's For Buyers & Their A...

Atlanta Georgia Real Estate Agent Tips Info and Homes For Sale: Short Sale Tips Do's & Dont's For Buyers & Their A...: The 1st misconception that I want to make clear about purchasing a Short Sale home is that YOU ARE NOT necessarily getting a great bargain....

#buying short sales #short sale listings #buying a home

Priscilla Hammond, Real Estate Agent

RE/MAX Consultants Realty 1

1625 SE 17th St. Causeway

Fort Lauderdale, FL 33316

Cell 305-783-4269

Office 954-767-4667

Atlanta Georgia Real Estate Agent Tips Info and Homes For Sale: Home Buying Process

 The link below is an old blog post of mine from 2011 when I was a Real Estate Agent in Georgia. It's good information about buying a home but don't refer to that contact info.

Priscilla Hammond, Realtor
RE/MAX Consultants Realty 1
1625 SE 17th St. Causeway
Fort Lauderdale, FL 33316
Cell 305-783-4269
Office 954-767-4667

Atlanta Georgia Real Estate Agent Tips Info and Homes For Sale: Home Buying Process: Buying a home is not a discreet event, it's a process - a sequence of events that happens over time.  While general guides to buying a ...

Priscilla Hammond, Real Estate Agent

RE/MAX Consultants Realty 1

1625 SE 17th St. Causeway

Fort Lauderdale, FL 33316

Cell 305-783-4269

Office 954-767-4667

#home buyer tips #buying a home #home buying process

Atlanta Georgia Real Estate Agent Tips Info and Homes For Sale: Will the Seller Take $------ for this house?

 This is an old blog post from 2011 when I was a Georgia Real Estate Agent. I'm reiterating the fact that Buyer's Agents have to present their buyer's offers in writing to the Seller. We will do our best to negotiate a great deal for you with the Seller when we're working on your behalf.

Priscilla Hammond, Real Estate Agent

RE/MAX Consultants Realty 1

1625 SE 17th St. Causeway

Fort Lauderdale, FL 33316

Cell 305-783-4269

Office 954-767-4667

Representing buyers and sellers in Broward, Miami-Dade and Palm Beach counties.

Find your way home with me!!

#buyer's agents #buying a home
Atlanta Georgia Real Estate Agent Tips Info and Homes For Sale: Will the Seller Take $------ for this house?: This is all too common and happens more often than not in the Georgia Real Estate industry . People assume that homes are priced above what...

Do You Want To Prevent Future Repair Problems? It's Not Too Late To Do This Winter Maintenance Checklist

Do You Want To Prevent Future Repair Problems? It's Not Too Late To Do This Winter Maintenance Checklist

Properly prepping your home for the winter months could save you from spending money on costly repairs.

There are some simple maintenance tasks you can do in the fall season to ensure a smooth winter season and get your house ready for winter.

I've listed some low cost tasks below that could save you time and money down the road.

1. Winterize pipes and outdoor faucets-As the temperature begins to drop below 40 degrees any water that's exposed to those frigid temps will freeze. Water expands when it freezes but the water left in a hose has nowhere to expand to. The copper pipe that feeds the water to the hose will eventually split. The task for this fix is to make sure your hoses have no water left in them, wrap them up and put them away. 

Cover the water spout with a foam box. If you have a basement or crawl space with exposed pipes, protect them with foam pipe covers.

2. Clean your gutters-after all of the fall foliage has fallen check how your gutters are attached to your house and get rid of any debris. You want to make sure no clogs or blockages are created. Repeat this task after the spring thaw.

3. Remove leaves and potential tree hazards-trim back any limbs or branches that hang over your roof or are over electric lines, phone cables or gas lines that run to your house. This will help prevent roof damage and utility problems.

4. Inspect your furnace-schedule a professional to check to ensure that it's properly vented and that it won't be obstructed by winter weather. Check your carbon monoxide alarms and replace if necessary.

5. Check your dryer exhaust-ensure no lint is clogging the dryer vent hose to prevent it from being a fire hazard. 

Get in the habit of performing these tasks twice a year to keep your home and your loved ones safe and sound.

#Winterize pipes #winter preparedness #get your house ready for winter

Priscilla Hammond, Real Estate Agent

RE/MAX Consultants Realty 1

1625 SE 17th St. Causeway

Fort Lauderdale, FL 33316

Cell 305-783-4269

Office 954-767-4667

Are You Wondering "How Can I Raise My Credit Score?"

Are You Wondering "How Can I Raise My Credit Score?"

I came across this video the other day and I thought it might be helpful for several people.

The world is full of credit repair tips to fix bad credit but I don't know how many of them actually work.

The tips shared in this video seem like they'll give you a great shot at raising your FICO score fast.

You'll just have to know someone with good payment history on an account they've had open for a while.

Reassure them that you don't actually want to use the account they're adding you to, that it's just for the credit reporting.

Happy credit fixing and good luck, if you try it I hope it works wonders for you!!!

Let me know in the comments and add your ideas if you have any that were successful for you.

#fix bad credit #raising your FICO score fast #buying a home

Priscilla Hammond, Real Estate Agent

RE/MAX Consultants Realty 1

1625 SE 17th St. Causeway

Fort Lauderdale, FL 33316

Cell 305-783-4269

Office 954-767-4667

If You've Lost Your Home In A Presidentially Declared Disaster, There's Help For You

If You've Lost Your Home In A Presidentially Declared Disaster, There's Help For You

If you're one of the many Americans who have suffered from the destruction or total loss of your home due to a disaster in an area that the President declared it a natural disaster, you may qualify for the FHA section 203(h) program.

It allows the FHA to insure mortgages made by qualified lenders to these such victims who need to rebuild their homes or buy another home.

It's an effort to help these victims become a homeowner or re-establish themselves as homeowners.

If your home was damaged and it needs to be replaced or reconstructed, you may qualify. 

Some of the features include:

No down payment

100% financing with the possible exceptions of mortgage insurance premiums and the closing costs.

There are loan limits, get more info here

  Find an approved lender here

With all of the recent natural disasters like the California wildfires, the severe winter storm and flooding in Oregon, the tornadoes in Georgia, the tornadoes in Mississippi, the tornadoes in South Dakota, the severe winter storm in Oklahoma, the wildfires in Oklahoma, the tornadoes in Oklahoma, the tornadoes in Louisiana, the tornadoes in California, the flooding in California, the mudslides in California, the severe winter weather in Nevada, the flooding in Nevada, the mudslides in Nevada, the fires in Kansas, the flooding in Kansas, the flooding in Wyoming, the severe storms in Idaho, the severe storms in Washington, the severe storms in Utah. the fires in Florida, the fires in Utah, the fires in New Hampshire, the severe storms in Missouri, the severe storms in Arizona, the severe storms in New Mexico, the severe storms in Tennessee, the severe storms in New York, the fires in Tennessee, the list goes on for disasters in Montana, Michigan, Texas and more.

See the complete list of 2017 natural disasters here.

1. Find out through HUD if you qualify.
2. Find an eligible lender.
3. If you decide to relocate to the Miami area, I'm happy to help.
4. If you're going to live elsewhere in the country, I can put you in touch with some amazing agents to guide you through these trying times in your life.

 A licensed real estate agent will be your best source in this time of need. You don't want to go it alone and our expertise can help make this transition painless for you. You don't want to carry the burden of this type of responsibility alone after suffering a major life event like these. 

We already have homebuying transactions down to a science and we know all of the right steps to initiate and when, so you won't have to.

I'm here to help if you need it.

I'm a licensed real estate agent in the metro Miami Florida area.

Call or text me

Priscilla Hammond, Real Estate Agent

RE/MAX Consultants Realty 1

1625 SE 17th St. Causeway

Fort Lauderdale, FL 33316

Cell 305-783-4269

Office 954-767-4667

"Find your way home with me"

#203(h) #become a homeowner #2017 natural disasters #licensed real estate agent

A Beauty Located In Miramar, FL 33027

This home just might be the one for you if you need square footage!!

It boasts a whopping 4000+ square feet

4 bedrooms 4 bathrooms

Located in a private gated community with a water view

The front door doesn't line up with the stairway for those who desire a feng shui decorating style

A master bedroom with double sinks and a vanity

A 2nd bedroom with double sinks

An upstairs family room/den area

There's so much more, you should just see it for yourself.

Click the link above and put in 33027 for your search.

 #gated communities miramar fl #33027 home search #miramar fl real estate agents #buying a home