Jim Esposito

Bubble? What Bubble?

Jim Esposito posted this 207 Views

Some interesting numbers coming out lately.   First the U.S. Commerce Dept. released a report new homes sales fell 2.4% in July. Then the Standard & Poor’s / Case-Shiller Home Price Index for June decreased 13.2% from May and 14.7% from April.   Well, those were the headlines. But don’t lash yourself to the mast quite yet.   Delving a little deeper into the stats, it turns out according Commerce new home sales are actually up 12% in the past y...

Make Money in Real Estate Flipping Houses

Jim Esposito posted this 551 Views

As a real estate agent in Fort Lauderdale with a prominent internet presence I get one or two calls every week from prospective investors who have heard about all the money they can make “flipping” houses. Some have gone to seminars (some even PAID) where so-called experts tell them about fortunes others are making buying homes, fixing them up, selling them again for huge profits. Other people have simply heard stories. Like they went to a party once, met a guy who had a cou...

Value Waterfront Homes in Fort Lauderdale

Jim Esposito posted this 560 Views

Highly desirable real estate, the ocean access waterfront homes with no fixed bridges in neighborhoods around downtown Fort Lauderdale cost millions of dollars. Tear-downs and fixer-uppers in Las Olas start around seven hundred thousand dollars. One home which was on the market earlier this year in Seven Isles had such a bad mold problem anyone who went in to look at the property had to sign a health waiver, and it still sold for over $700,000. In Harbor Beach, even the tear downs, old Flori...

12 Things You Must Know Before Buying Foreclosures

Jim Esposito posted this 520 Views

Much attention, in some ways too much attention, in today’s market is focused upon Foreclosures, also known as REOs (Real Estate Owned). You can find some good deals in REOs, and they make sense for certain investors, however, don’t limit yourself just to shopping Foreclosures. Buyers should not overlook straight old-fashioned sales. Distressed property sets the bar, with the level of distress factored in, but if a homeowner needs to sell his house they cannot List it appreciably higher than...