Monday, January 29, 2018

Waterbury condominium in Pompano Beach

WATERBURY CONDOMINIUM
1401 North Riverside Drive
Pompano Beach, Fl. 33060
14 floors, 84 units ...
All units have views to the Intercoastal waterway canal, park across the canal, Marina and city, as well units above 8th floor have views to the ocean from kitchen window and front door.
Maintenance monthly fees are $399.
The 2/2 units have been sold from $200K to $255K within the last 12 months and the 1/1 units have been sold between $145K and $170K within the same frame time.
 Please see attached the info of the four units currently for sale at Waterbury, price and photos.  



  Angel Calzadilla, realtor
 1119 E. Sunrise Boulevard
 Fort Lauderdale, Fl. 33304
 Cell: (954) 632-3593
e-mail:  angelfloridarealtor@gmail.com

You can search for properties: http://angelcalzadilla.matrix.southfloridamls.com

Sunday, January 28, 2018

"The Landings" neighborhood in Fort Lauderdale, FL

Fort Lauderdale, unlike many cities, has an official programs for recognizing official neighborhoods.Under the Neighborhood Organization Recognition Program, over 60 distinct neighborhoods have received official recognition from the city, and The Landings is one of the neighborhoods of Fort Lauderdale, located in the northeast section of the city. The boundaries of The Landings are: By the south Commercial Boulevard, by the east the Intercoastal waterway, by the west US1 or Federal Highway, and by the north the intersection of Bayview Drive and Federal Highway. The Landings is a community of homes just north of Coral Ridge/Commercial Blvd. A well-maintained waterfront community, homes begin in the high 500s to just over a million. Prices would be much higher except for the fact that water access is limited by a fixed bridge, which deter owners of sailboats and large yachts from considering this community. The properties located east of Bayview Drive are waterfront properties with ocean acces and no fixed bridges, while the properties that are west of Bayview Drive and on the water have also ocean acces but on fixed bridges.
HISTORY OF THE LANDINGS
The history here covers the early development and building and sale of homes in The Landings. In 1960, when an Intracoastal Bridge on Commercial Boulevard was in the offing, Haft-Gaines made their move । They planned to develop "The Landings" in three stages: The First Section from 52nd Street to 56th Court; the Second Section from 56th Court to 59th Street; the Third Section was the area which later became Bay Colony। The first group of model homes was completed and opened to the public in the spring of 1962। They were located adjacent to the intersection of 55th Street and Bay-view Drive। People came to look, to be impressed and to contract for homes patterned on these models। The paving of the First Section streets was completed and the construction of homes for the early purchasers was underway in the summer of 1962.The volume of sales encouraged Haft-Gaines to complete work and offer locations in the Second Section earlier than their original time schedule. They were selling homes in both the First and Second Sections when the City of Fort Lauderdale annexed "The Landings" and adjacent areas. The Fort Lauderdale Building Code permitted the building of more spacious homes with less space from the buildings to the lot lines. Bayview Drive paving was completed and a group of more spacious and more luxurious model homes was built adjacent to the earlier model homes. Prospective home buyers were being offered a greater variety of homes from which to choose.
Nowadays, The Landings is one of the most upscale neighborhoods in Fort Lauderdale as well as south Florida. Currently homes prices varies from $500,000 to $6.000.000
For more information contact:
ANGEL CALZADILLA
Coral Shores Realty
1119 East Sunrise Boulevard
FORT LAUDERDALE, FL. 33304
CELL (954) 632-3593
angelfloridarealtor@gmail.com 
http://angelcalzadilla.matrix.southfloridamls.com

Thursday, January 25, 2018

Negotiating repairs with an AS IS contract.

One of the most popular contracts Florida Realtors has available for members is the Florida Realtors/Florida Bar "AS IS" Residential Contract for Sale and Purchase ("FR/Bar AS IS"). As the name implies, the seller listed the property "as is," which means the seller has no obligation to make repairs.
However, many Florida Realtors Legal Hotline calls involve a buyer requesting repairs from a seller after the inspection results come in during the inspection period. While nothing prevents parties from renegotiating the terms of an existing contract, it's important to understand the nuances and risks in doing so in order to facilitate a smooth transaction.
It's imperative to recognize this: There is no obligation on the seller's part to make any repairs, nor to even respond to a request for repairs.
As a buyer's agent, it's important to communicate this upfront with buyers because you want to have a plan in place if the seller says "no" or simply doesn't respond. The buyer has a strong right of cancellation during the inspection period, but once that period expires, that's it. There may be other contingencies within the contract, but the time to cancel for any reason within the buyer's sole discretion is gone.
In some cases, a buyer hasn't heard back from the seller, the end of his inspection period is fast approaching, and he isn't sure what to do. In this case, your buyer must make a decision: Either stay in the deal and potentially take the property "as is" without the requested repairs or cancel before the inspection period ends.
What if a seller agrees to make repairs?
Assuming the seller does agree to a buyer's repair request, their agreement should be written into the contract under the additional terms or as an addendum to the contract.
While it seems easy enough to jot something down, however, Realtors should understand the importance of the language used in this repair agreement – and they should also understand the potential liability they're taking on if they take it upon themselves to draft this addendum.
Is the seller agreeing to fix an electrical problem? Great. But simply stating that the seller will do so is not adequately covering the parties. Far too often, calls to the Legal Hotline involve questions about the way in which the seller completed those agreed-upon repairs. But most of the time, the language used in the repair addendum didn't address any repair standards or said what would happen if the seller didn't make the repair at all or did it inadequately by the buyer's standards.
The Florida Realtors contracts that obligate sellers to make repairs contain additional language regarding repair standards as well as when the repairs should be made. This language isn't in the FR/Bar AS IS contract.
An addendum that involves many repairs, of varying degrees, likely should be drafted by an attorney to ensure appropriate language is used to protect the buyer and seller.
As stated in articles before, the language in the Florida Realtors contracts varies, and what may be in one isn't necessarily contained in the other. Recognizing your limitations in assisting your buyer or seller is a good way to avoid running into problems later.
Contact Angel Calzadilla for contract offers
Angelfloridarealtor@gmail.com

THE DETAILS ON THE HISTORIC TAX CUTS AND JOBS ACT.

There has been a lot of conversation surrounding the tax reform debate, and as we approach Christmas, I wanted to take a minute to tell you about the tax reform bill passed this week by Congress and give you all the original documents so you can make up your own minds.
This is the first time in more than 30 years that Congress has taken significant action to restructure the federal tax code. Over three decades, special tax perks and deductions have been added for well-connected people, but most Americans have not received real tax relief. The bill passed will simplify the tax code, cut taxes in every bracket, and help get the economy growing again. But don't just take my word for it. CLICK HERE to use The New York Times' Tax Bill Calculator to see how much of your money will still stay in your paycheck because of the federal tax cuts.
The conversation about tax reform has been a year-long process, and during the debate there have been a number of edits, changes, and exchange of ideas, as is typical of the legislative process. Since Congress has finished merging the House and Senate bills together, here is what is in the final bill:
For individuals and families, the Tax Cuts and Jobs Act:
Significantly increases the standard deduction for individuals from $6,500 to $13,000 and from $12,000 to $24,000 for married couples.
Supports American families by:
Preserving the mortgage interest deduction, providing tax relief to current, and aspiring homeowners.
Providing relief for Americans with expensive medical costs.
Continues and expands the deduction for charitable contributions.
Eliminates Obamacare's individual mandate penalty tax to provide families with much-needed relief and flexibility to buy the heath insurance that fits their needs.
Maintains the Earned Income Tax Credit to provide important tax relief for low-income Americans.
Continues to provide support for graduate students by continuing to exempt from taxes the value of reduced tuition.
Retains retirement savings options such as 401(k)s and Individual Retirement Accounts (IRAs).
Provides immediate relief from the Death Tax by doubling the amount of the current exemption.
For all job creators, the Tax Cuts and Jobs Act:
Allows businesses to immediately write off the full cost of new equipment, which allows them to buy more equipment.
Modernizes the international tax system so America's global businesses will no longer be incentivized to relocate overseas.
Lowers the corporate tax rate for all American companies to better compete in the global economy, which helps the US retain and attract new jobs and businesses.
Eliminates multiple deductions that inefficiently drive business behavior through the tax code.
Includes the Investing in Opportunity Act (IIOA), which provides an opportunity for US investors to use temporary capital gains deferral in exchange for investing in low-income communities across the country.
On average, the American economy has steadily grown 3 percent or more each year over the last 70 years. But for the last 10 years, economic growth has only averaged 2 percent, and last year, our GDP was just 1.5 percent. When our economy slows that much, we lose our economic health, wages stagnate, companies slow their hiring, and Americans lose hope that things will ever get better. Eight years ago, Congress passed a giant government-funded stimulus package costing almost a trillion dollars in an attempt to get the economy moving after a very big recession. But instead we have had eight years of historically slow economic growth. It is time for that to change.
We need to support hard-working American families. This tax reform bill focuses on them.