Fantastic Value in an Updated Waterfront Home

View from the Home

$89,000 - SOLD
2 Bedroom, 2 Bathroom
Direct Water Views
Take the Virtual Tour

This light and bright home with direct water views has been totally reno/upgraded to include a beautiful new eat-in kitchen, newer applnces, new master bath with gorgeous natural stone accents, newer washer/dryer in-unit, new impact windows and hurricane shutters. The master suite includes two large walk-in closets. This is move-in ready for the new owner. This is truly the best unit in the entire community. There's a tennis court, swimming pool, club house, shuffleboard court and canal. A-rate elementary and middle schools.

Citizens Insurance Makes Wind Policies Stricter Regarding Roofs

Florida's state run insurance company has made a decision to not renew wind storm insurance for homes with roofs that are of a certain age. This is extremely important as for many homeowners and buyers, Citizens is the only option to obtain windstorm insurance. If for example a roof is more than 25 yrs old with an asphalt shingle roof that was never replaced Citizens will not insure it. Furthermore regardless of age Citizens will require a roof report from a qualified roof inspector that states the remaining life of the roof is at least three years.

Please take a moment to read the link to FAQ regarding the new policy.https://www.citizensfla.com/utilitybar/policyholderfaqs.cfm?show=text&link=/shared/faqs/SPL-PHFAQs.html

Miami/Fort Lauderdale Added to Housing Market Improving Index

Here’s something new.  The list of markets showing signs of improvement in home prices and market conditions in February has grown to nearly 100 cities per the National Association of Home Builders/First American Improving Markets Index. 

The index reveals metro areas that have shown improvement in home prices, housing permits, and employment for at least six months. 

In the latest index, some markets that were particularly hard-hit during the housing market crash — Miami — were added to this month’s list. Such cities are seeing a turnaround in their sluggish housing markets, possibly already hitting bottom. 

The 29 metro areas added to the list this month are: 

Housing May Turn the Corner in 2012

01/18/2012 BY: CARRIE BAY for DSNews.com

In the first release of CoreLogic’s new MarketPulse newsletter Wednesday, Fleming explained his rationale for such an assessment.

He notes that housing is an industry with long business cycles. Regional housing recessions have typically taken anywhere from three to five years to find their bottom, and Fleming says the national housing recession has behaved similarly in that it has bounced along a bottom for the past two years.

Ocean and Sky 2 Bedroom/2 Bath Direct Ocean View Condo

http://www.postlets.com/repb/6862982

View this Exclusive Listing from Parks Morgan. And don't forget the Virtual Tour.


**This property is not available through other agents.

Short Sales are the Salvation of Many Homeowners

Here's a great article explaining why a short sale is the best opportunity for many homeowners.  There's also a little secret I've discovered to be true for many people wanting to get out of their homes and into new ones: You don't have to be behind in your mortgage payments to get your short sale approved by your mortgage holder.  Read the article on MSNBC.

Florida NOT in the Top Five States with the Long Foreclosure Backlog

It will take more than eight years to clear out huge backlogs of foreclosures at the current pace in half of the states. Many states require court involvement in foreclosures, such as Florida, which may further slow the process.

After the robo-signing debacle of last year, lenders are doing more to make sure more proper documentation is in order when processing foreclosures, which have slowed the process of repossessing homes and created larger backlogs. 

But some cities continue to face possibly decades of large foreclosure backlogs. The good news is that Florida is not in the top five! Another indication of Florida’s stabilizing (albeit slowly) real estate market.

The following are the states with the largest backlog of foreclosures, including the state’s “pipeline ratio,” which is the time it would take to clear the supply of seriously delinquent mortgages or homes in foreclosure at the current pace of sales.

New York: 57

Washington, D.C.: 57

New Jersey: 52

Maryland: 21

Connecticut: 20

Source: “Many Cities Face Big Backlogs of Foreclosures,” RealtorMag (November 9, 2011)