Today's New Foreclosures for Sale in Miami-Dade and Broward County - 10/28/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CRS, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 10/22/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CRS, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Real Estate Market Report - October 2013 (so far)

The inventory for the Miami-Dade County real estate market increased over sixteen percent in September 2012 compared to September 2013.  Sales only increased slightly more than one percent during the same time period, with the type of buyers being similar to past months.  October’s inventory for properties for sale is similar to last months, with a slight increase.  The number of single family homes on the market for sale is currently just over 5,000, with condos/townhomes accounting for approximately 8,700.  Out of all the homes on the market for sale, about 81% are regular sales, while distressed properties (REO’s and short sales) account for just under 19%.  In the single family home segment, distressed properties make up nearly 25% of the inventory, as opposed to making up only about 15% of the condos/townhomes segment.

Sales for the month continued to go down, as would be expected during this time of the year.  The increased inventory, higher prices, higher interest rates, and slightly less investors are many of the reasons for the drop off in sales.  Homes are starting to stay on the market slightly longer than in the past few months.  Properties priced at market value or below are continuing to have multiple offers and are selling quickly at asking price or above asking price.  Homes that are priced too high aren’t selling and are expiring, unless price reductions are taking place.  Although a very high percentage of sales are selling to cash buyers, when there are multiple offer situations, there are less cash buyers than in the past.  A breakdown of this month’s sales are – regular sales (67%), REO’s (20%), and Short Sales (13%).  If the trends continue, expect to see more inventory, less sales, and longer times on the market for homes selling.

Amit Bhuta, ABR, CNS, CRS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Real Estate Market Report - September 2013 (so far)

The inventory for the Miami-Dade County real estate market increased from August to September.  The number of single family homes in inventory increased roughly 6% to about 4,850 and condos/townhomes increased about 4.5% to about 8,350.  Out of all the homes on the market for sale, just like last month, about 82% are regular sales, while REO’s account for about 10% and Short Sales account for about 8% of the total inventory.  The inventory from a year ago has increased 11% and sales have dropped roughly 10%.

Sales for the month continued to go down.  The drop off in sales from August to September was greater than from June to July.  If the trend continues, the inventory will be increasing half a month to a month, each month.  There are slightly less investors than in past months, and the increase in interest rates has also affected the amount of the loan buyers are qualifying for, which in turn, decreases the number of total buyers.  A breakdown of this month’s sales are – regular sales (72%), REO’s (16%), and Short Sales (12%).  The demand for homes has gone down slightly depending on the price range.  Homes below $250,000 are selling almost immediately.  Homes in all other price ranges are still selling rather quickly with multiple offer scenarios and over asking price offers.  But, the properties can’t be priced that much over market value in these price ranges.  The rental market has been just as busy as the last few months.

There are still plenty of foreign buyers from all over the world looking to purchase in almost all areas of South Florida.  The amount of investors has decreased slightly.  It will be interesting to see how the next few months play out with increased inventory, less sales, less investors, and increased interest rates.

Amit Bhuta, ABR, CNS, CRS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 09/17/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 09/06/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 08/29/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 08/23/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 08/15/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 08/01/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Real Estate Market Summary - July 2013

Although the month isn't over for July yet, most people don't want to wait an entire month before getting information on how the real estate market is going.  I think it is important to get a feel for the month as quickly as possible to make buying and selling decisions quicker with trending information.  Even though the information may not be 100% complete, it is close enough to give a homebuyer or home seller enough information to be ahead of the market, those waiting approximately a month to get the prior month's information.  With that said, below is a market report and comments on Miami-Dade's real estate market for the month of July 2013.

The inventory for the Miami-Dade County real estate market remained almost the same as June, with single family homes decreasing about one hundred homes to about 4,400 and condos/townhomes increasing about two hundred to about 7,700.  The months of inventory is less than four months causing prices to continue to rise.

Interest rates have gone up nearly one point in the last few months.  One would think that would immediately hurt the demand for home buyers, but with about forty-five to fifty percent cash buyers for single family homes and approximately seventy-five percent of townhome/condo buyers paying cash, there is no change in interest in demand for homes.  Actually, many buyers, who are financing, are now feeling more rushed to purchase something, in case interest rates continue to rise.

Distressed closed sales, meaning a combination of REO’s and short sales, account for just over thirty percent of all closed sales in July, similar to June.  Total sales for July are about seventy percent of June’s numbers.  But the number of pending sales increased in July to an amount almost equal to the difference in sales. So sales will probably rise in future months.  Single family home sales make up about forty-five percent of sales, while condos/townhomes make up the other fifty-five percent.

As in past months, it is very common to have numerous offers and an over asking price offer accepted in two weeks or less, on properties priced at market value or less. Most homes are selling in a month or less.  Foreign buyers from South America, Europe, India, China, and all other parts of the world continue to purchase investment properties and vacation homes in all different areas of South Florida.

Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Faxwww.ReasonsToHireMe.com (Why Choose Me)www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)www.DadeCountyMLS.com (Website)www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 07/26/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 07/18/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.WhyYourHouseDidNotSell.com (Why Homes Don't Sell)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 07/05/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)

Today's New Foreclosures for Sale in Miami-Dade and Broward County - 06/24/2013

Below are the new foreclosures that just hit the market for sale in Miami-Dade and Broward County. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes - Miami

Foreclosures - Condos and Townhomes - Miami


Foreclosures - Single Family Homes - Broward County

Foreclosures - Condos and Townhomes - Broward County


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 596-0081 Fax
www.ReasonsToHireMe.com (Why Choose Me)
www.DadeCountyMLS.com (Website)
www.MiamiForeclosuresDaily.com (Daily Updated Foreclosure List)
abhuta@bellsouth.net (Email)