Luxury Living at an  Affordable Price in 6000 Island Blvd.

Bella Mare 

Best deal in prestigious Bellamare @ Williams Island!

 Amazing views of the intracoastal. Extended terrace  with access from/to bike path, ideal for joggers and those who love to take a walk directly from your condo. Unit is in excellent condition..

This is a Short Sale and a great opportunity.

Call me for more information.

NEW LISTING AT THE WATERWAYS MARINA – HARBOR TOWERS – 3600 YACHT CLUB DR., UNIT 503, AVENTURA, FL 33180

 

Spectacular view South towards Miami,the Marina and East towards the Ocean.This 3 Bedroom (3rd Bedroom maybe used as an Office)and 2 full Bathroom unit has Marble floors,eat in kitchen,Formal dinning area. This home is ready to move in. The Condo Building,with valet parking has been re-decorated with a modern yet classic lobby . A completely equipped gym,exclusive pool and Tennis court, , a walk along the Marina to dozens of restaurants,coffee shops.A free shuttle bus to Mall

Appointments in Aventura Condo include:

• 1850 Square Feet
• 3 Bedrooms 2 Bathrooms.
• 2 Assigned parking spaces

Asking Price: $459,900

For a complete list of listings in the area, just give me a call and visit my website at REALGREENTRENDS. There you will find interesting information for Aventura condos, homes and waterfront communities for sale. Realgreentrends is the  perfect site to market your properties. I strive to attain my South Florida sellers’ needs, including netting the highest profit in the minimum time frame with least amount of problems. If you want to sell your condo or home in Aventura and Sunny Isles meet with me and you will see the results you are searching for.

 Adriana Faerman | Real Estate – Simply Better |follow me on twitter @adrianafaerman

 

“I requested Adriana Faerman to show my wife properties as myself didn’t have the time (I have a realtor license).
Not only she understood our needs to buy an opportunity, but she had the patience to understand our trimming.
She also showed the perfect professionalism and knowledge in order to buy a bank owned property which has a lot of paperwork and timeframes to meet.
At this point we were very happy to get the property we wanted, but she went farther and got us a great mortgage broker with a rate that was amazing and perfectly affordable for us.
I would recommend Adriana Faerman as a realtor, if you are looking to buy your first home or if you are looking to invest.” Guillermo Mertnoff 6/2009

“Adriana es muy profesional al trabajar, sabe mucho del área de Aventura y sobre todo tiene paciencia con los first time buyers.
Adriana is very professional, knows the Aventura area very well and most importantly has a lot of patience for first time buyers”. Silvana Carpintero 7/2009

MAJORCA ISLES, MIAMI GARDENS, FLORIDA – PRIVATE GATED COMMUNITY – ANOTHER WELLSFARGO FORECLOSURE

Spectacular Corner Lot – Home in Great Condition

Deal fell through. The Bank already reduced the price from $135,000 to $127,000

Majorca Isles a great gated community is waiting for the new owners. Call me now and I will assist you in buying this beautiful townhouse in Miami Gardens, Florida.

Adriana Faerman |Broker Associate | www.realgreentrends.com | 305-773-0253 | adrianafaerman@gmail.com

The industry standard sends thousands of print and email advertising themselves, I prefer to share with my sellers and buyers in Broward county, Florida;  useful information which will help you save money when you use it on a timely manner.

Please, take a few minutes to read the insights about property taxes in Broward County, Florida: 

The 2009 property tax assessments for Broward County have been certified and are now posted on the Broward County Tax Assessor’s website. To view your property assessment, go to http://BCPA.NET click on “Property  Search” on the top left, and  then scroll down to accept the terms of use.

You may search for a property by owner name, address, or folio number. Click on your choice, and enter the information. If you search by name, all properties owned by individuals with that name will come up, and you must click on the folio number of the property you wish to view.

When the correct tax comes up, below the name and address you will find “Property Assessment Values”. The first line gives the 2009 assessed values. If you are NOT Homesteaded, the Just Value will be equal to the Assessed/SOH Value, and this is the value on which your 2009 property tax will be based. If you are Homesteaded, your taxable value is the Assessed/SOH Value, which is typically less than the Just Value. However, due to declining home values, the SOH Value can be equal to the Just Value.  Later, we will explain how that can occur.

 The actual tax owed is still blank because the millage rates of the individual taxing authorities have not yet been determined. The following is the Budget Timetable:

 August 4  -  Ad valorem taxing authorities advise the Property Appraiser of their rollback rate, proposed millage rate, and time, date and place of the first required public hearing. Special assessment districts to advise Property Appraiser of their proposed rates. 

August 11 -  Property Appraiser begins to mail Proposed Property Tax Notices (TRIM Notices)

August 24 – Last day for Property Appraiser to mail TRIM Notices

 August 24 to September 18 – Time to file petitions to the Value Adjustment Board (VAB) if you wish to challenge your 2009 Property Tax Assessment

September 3 to 18 – Ad valorem taxing authorities hold public hearings on tentative budget per Tax Notice. Dates and times of these hearings are listed on the TRIM Notices.

Within 15 days after adopting tentative budget, ad valorem taxing authorities advertise intent to adopt final millage rate and budget.  Public hearing to be held 2 to 5 days after published advertisement, after 5 PM if not on Saturday, no Sunday hearings.

Within 3 days after adoption of the final millage rates, ad valorem taxing authorities deliver the Resolution or Ordinance adopting the final millage rate to Property Appraiser and Revenue Collector.

TBA  – Majority vote of County Commission to extend Tax Roll and prepare tax bills prior to Value Adjustment Board.

Once the millage rates are determined and the Tax Roll certified to the Revenue Collector, the individual tax bills will be prepared for mailing in November.  Even if you have filed a petition to the VAB or have engaged another person to do so in your behalf, it is recommended that you pay your tax bill on time (I get this question about 20 times a day). VAB hearings can go on for a year or more, and the property tax can become delinquent. If your appeal is successful, your excess taxes will be refunded to you.  

Broward County officials have publically voiced their intent to keep millage rates down and try to control expenses. However, fees are increasing to make up for the shortfall caused by lower property tax assessments. As you have already heard, Code Enforcement has become more aggressive, and now drivers are even being ticketed for seat belt violations. 

Land vs. Building

One last thing…Many people have been questioning the recent changes in the building values vs. land values on the tax records. The BCPA website explains why this was done:

“Starting with the new 2009 real property assessments, our residential land values and improvement (building) values are correctly apportioned. In the past — because of the antiquated tax roll system this office had used for decades — we were only able to set correct amounts for the total Just Value of a property, but the internal division of value between the land and the improvements was entirely arbitrary. Using mass-appraisal methods, we equalized land values this year by neighborhood — not just by subdivision within a neighborhood. This means the square-foot land value for dry lots in a neighborhood should be the same as for other comparable dry lots in the same area … lots along a golf course will be valued the same as other lots along the same golf course … waterfront lots will be valued the same as other similar waterfront lots (and point lots valued the same as other nearby point lots) … and so on. “

In times of declining property values, you should see your land value decrease while the building value stays relatively the same with an allowance for depreciation. The structure itself does not absorb the fall in value. The land does. This has been treated incorrectly on the tax records of Broward County over the past couple of years. It appears that this has been resolved by the recent corrections. 

Have you found this information useful? Do you want to share your opinion. Please leave a comment and I will write back to you. You can also contact me to personally meet me and discuss your real estate questions.

Are you looking to get a loan?

New federal rules give consumers more time to review the key points of a home loan.

Are you applying for a loan to purchase a primary or secondary home? Are you planning to refinance?

If you answered “Yes”. You’d better take a few minutes to read the new set of federal consumer-protection rules that will take effect July 30, 2009

What is new? As per the new Federal Reserve guidelines lenders have to provide you initial disclosures of your mortgage costs within three business days of your loan application.

Can your lender collect fees in advance? Lenders are prohibited from collecting any fees — except a reasonable charge for checking your credit — until you’ve been given the loan-cost disclosures. This means no more out-of-pocket upfront application charges until you’ve received the truth-in-lending disclosures and an annual percentage rate (APR)calculation of those loan costs.

Can you have a fast closing? No. There is a  a seven-day waiting period after applicants are handed their early disclosures or the disclosures are mailed prior to closing. You’ll now have up to a week to think about the transaction, and decide whether it’s right for you. Final truth-in-lending disclosures are due three business days before closing.

Are you entitled to a ocpy of the real estate appraisal? Yes.  The new Fed rules require lenders to deliver a copy of the real estate appraisal to you three business days before the scheduled closing on the loan.

Your receipt of the appraisal in advance will determine the timing for the closing unless you waive three-day rule  if you don’t think receiving the appraisal is necessary.

Any changes in relation to the APR? If the APR on the early truth-in-lending disclosure increases by more than one-eighth of a percentage point (0.125), the lender will now be required provide you a corrected version and allow you an additional seven business days to consider the transaction before settlement.

How is this translated into the actual closing? The actual closing dates will be more closely tied to lenders’ and settlement agents’ accurate estimates and their ability to deliver disclosures and appraisals by the required dates. For example, if appraisers are backlogged and can’t produce valuation reports quickly enough, settlements will have to be postponed.

How will this help you? If you are a buyer, you will have  more control and less chances of being slammed  with hundreds of dollars of charges you’d never expected. If you are a seller, do not count your money until all deadlines have been met. Hopefully this will work.

What will happen if mortgage companies and banks do not meet the timing deadlines or if the appraisals are not received? We will start seeing an escalating number of litigation and lawsuits  seeking cancellation of mortgage deals.

Are you looking to buy in the next few months? Contact me and I will assist you.

Adriana Faerman, Real Estate Broker | REO Specialist | 305-773-0253 | adrianafaerman@gmail.com

Sunny Isles Market Report for July 2009

INVENTORY: Inventory has been tightening and days-on the market increasing recently, which might suggest that buyers are in a strong position to negotiate and make offers.

PRICE: This week saw a relatively little price change from last week. However, prices continue demostrate a nice up trend in general over the last week.

MARKET ACTION: The Condo Market for Sunny Isles remains quite strongly in the  Buyers’ zone. With these numbers Buyers should find ample choice.

DAYS ON THE MARKET: Properties have been on the market for an average of 348 days. Half of the listings have come newly on the market in the past 413 or so days.

MEDIANCONDOMINIUM PRICE IN SUNNY ISLES: The median condominum price in Sunny Isles Beach is $349,000 this week.

AVERAGE PRICE PER SQUARE FOOT: The average price per square foot for this week in Sunny Isles was $339.

Aventura and Golden Beach. What happens with their single family homes market?

Any changes in the past 6 months for this South Florida real estate market?

 If we pay attention to the recent numbers we see a slight increase in the ales activity.

Homes for Sale : 116 (33 more homes listed for sale as compared with the previous 6 months)

Sold Homes: 20  (19 homes were sold in the previous 6 months). Most importantly, 4 out of those 20 homes were sold last month.

 REO (foreclosures) Sold: 6 homes.

2 in Golden Beach

1 in Island Way

1 Sunswept Isles

1 County Squire

1 Aventura Lakes

Least Expensive Home for Sale:Napoleon Park , Aventura –  3 Bedroom 2.5 Bath $260,000

Highest Asking Price: 641 Ocean Blvd., Golden Beach –  5 Bedroom 7 Baths $22,500,000

Encouraging News for the Aventura and Golden Beach

The housing market, especially for single family homes in Aventura and Golden Beach, Florida has not been as dramatically affected by the financial crisis as the condo market.

 Aventura and Golden Beach single family sales have seen a slight increase; and, there’s currently no REOs (foreclosures) listed for these neighborhoods.

With respect to short sale activity for this region of the South Florida market; we’ve only found 7 homes offered under short sales terms.

These neighborhoods – some of them featuring waterfront homes in gated communities with plenty of amenities and even a private beach – appeal both to locals and out of estate buyers who are looking to live in safe and luxury communities close to airports, restaurants and shopping areas.

You can contact me for available single family homes for sale in South Florida and I will provide you with updated list of homes, REOs and short sales.

Data provided by the local South Florida MLXchange (changes might have occurred after this post was last published)

6000 Island Blvd, Williams Island, Fl 33180

BELLA MARE

A four Bedrooms, 3.5 baths custom made residence in Williams Island with magnificent views of the Ocean, Intracoastal Waters and City. This is the most desirable line in Bella Mare  featuring over  3500 Square Feet of luxury appointments including:

• private elevator
• marble floors
• 540 Sq.Ft balcony
• BOSE sound surround system
• custom made closets
• electronic solar shutters
• state-of-the-art kitchen

What makes this Bella Mare residence different from other units? 

You will realize it the minute you walk in.

Seize this  great opportunity of living  in Bella Mare for just  under $400 per square feet!

Do you want to learn more?  Contact me now and I will arrange a private tour for you.