If you are searching for Real Estate in Fort Lauderdale, FL or the surrounding areas or are preparing to sell property, it helps to have knowledge of the area and current Real Estate Market condition. Discussing your plans with knowledgeable professionals l such as Lea & Rubin and doing a bit of research can make the process smoother as you work toward achieving your buying or selling goals.
About the City of Fort Lauderdale
Fort Lauderdale saw its first major development in 1920. While the area has seen many ups and downs since that time, it remains a desirable place to live with close proximity to beaches, shopping, restaurants, employment opportunities and cultural attractions. the great Fort Lauderdale area include cities such Coral Springs,Parkland, Coconut Creek which are about 25 minutes from the beaches or downtown Fort lauderdale.
Today, neighborhood revitalization in downtown Fort Lauderdale remains an important policy emphasis with improvements being seen in residential, business and historical sectorsrs. In any area, once revitalization is complete, property values tend to increase. As an example, Broward County saw a 7% gain in property values between 2014 and 2015, and many experts expect this trend to continue. In parkland a city on the suburbs of greater Fort Lauderdale the increase was closer to 9%. Understanding this can help you to take advantage of a current Coral Springs, market conditions and see that the real estate market is still rising, and will benefit from additional planned revitalizations. If your plan is to sell, this information helps you market to potential buyers so they can understand the benefits of making a purchase before the revitalization process is fully complete.
When considering a community like Coral Springs or Boca Raton to buy in, it is important to understand what the city has to offer. Fort Lauderdale and Boca Raton have it all, from a highly rated hospital to good schools, career opportunities and two major international airports within close proximity. These things do increase the cost to buy in Greater Fort Lauderdale compared to other parts of Florida and the US. However, the area is still considered to be in a buyer’s market. If you work with the right real estate agent, you can take advantage of the almost 10.2% rate of vacant properties, making for favorable asking prices in many neighborhoods.
In past years, Florida was known as a state where you could easily find fixer upper properties that yielded almost instant equity with a bit of work. Today, fixer uppers are more difficult to find in Fort Lauderdale and Boca Raton because of strict building related laws and requirements that impact how homeowners must upkeep their properties. If finding a fixer upper is on your agenda, it is extremely important to work with a knowledgeable Realtor. Check into properties that were recently vacated by renters. Homes that are placed on the market as part of an estate sale are often also worth consideringing. Even homes that are not technically considered fixer uppers can be purchased at a reduced cost with the help of a savvy Realtor’s negotiating skills.
The Greater Fort Lauderdale area offers an exceptional Florida real estate market and many buying and selling opportunities. With some basic information about the area and the help of a knowledgeable Realtor, you too can realize your dreams and achieve your goals in this beautiful part of the country.
About the Author
Patrick Rogers runs Asurent Property Management based out of Medford Oregon. If you are needing property management services in that area, you can learn more at http://www.medfordpropertymanagement.com MedfordPropertyManagement.com.