Million Dollar Houses in Broward County,FL

Million dollar house in Broward County,FL
Million dollar house in Hollywood, FL

If you are interested in home in Broward County, FL, that costs 1 million and above, there are 1,067 homes for the price of one (1) million dollars and above for sale right now.

Million Dollar Houses in Broward County, FL
Million Dollar Houses in Broward County, FL

I looked up information about expensive homes on our local REALTORS® of the Palm Beaches and Greater Fort Lauderdale MLS.

There are 1,067 homes that the price is one million and more.

If you look at the map above, the most homes are in east-central area of Broward County, mainly Fort Lauderdale. There are 410 million dollar homes there.

North – East area of Browad County, mainly Pompano Beach, is second most popular area with million dollar homes. There are 147 homes with the price point of 1 million and above.

West area of Broward County, is mainly the area of Weston and Southwest Ranches. There are 292 houses that prices are one million and above.

South-East area of Broward County is where Hollywood, Hallandale and Dania are located. There are 117 homes, thats costs one million and above.

North-West area of Broward county is where Parkland and Coral Springs are located. There are 94 homes, that costs one million and above.

If you would like to know more about local real estate, please check out Local Market Conditions and Home Prices category.

Mortgage Rates Go Down for the Second Consecutive Week

Decorative wall
Decorative wall

Freddie Mac just released it’s weekly Primary Mortgage Market Survey. It shows U.S weekly average mortgage rates as of  June 7th, 2018.

Freddie Mac 6_7_2018. Primary Mortgage Market Survey. US weekly mortgage averages
Freddie Mac. Primary Mortgage Market Survey. US weekly mortgage averages as of 6/7/2018

This survey shows how U.S weekly average mortgage rates change during the week.

This week’s, June 7th, 2018, survey shows, that 30-year fixed rate mortage went down by 2 points since the last week’s survey.  Mortgage rates went down to 4.54 percent, since the last week survey when it was 4.56 percent.

The 30-year fixed rate mortgage increased by 65 points in a year. For the week of June 8th 2017, when rate average was 3.89%.

The 15-year fixed-rate mortgage went down by 5 points in one week. It is at 4.01 percent now, when last week was 4.06 percent.

The 15-year fixed rate mortgage for the year increased by 85 points. It was 3.16 percent on June 8th, 2017

 

Freddie Mac. US weekly average mortgage os af 6_7_2018
Freddie Mac. US weekly average mortgage as of 6/7/2018

Since April 1971, Freddie Mac has surveyed lenders across the U.S. weekly to determine the average 30-year fixed-rate mortgage rate

What Is a Title Search in Real Estate?

House in east Fort Lauderdale, FL
House in east Fort Lauderdale, FL

A title search in real estate is a process of researching of a real property history. It is done when a real property  is being sold and getting a new owner.

The property buyer wants to investigate the history of a particular property by looking into legal records for any changes done, inconsitency and irregularities with the legal documents of the property. All the legal documents show events in the history of real estate.

All recorded documents regarding a specific real estate property are looked into to decide on the current condition of real estate title.

 

When buying a real property, a title search is done to answer three main questions regarding a real property :

  1. Does the seller have a saleable and marketable claim in the property?
  2. What kind of restrictions or allowances come with the use of the land? ( example: real covenants, easements and others)
  3. Do any liens exist on the property which need to be paid off at closing? ( example: mortgages, back taxes, mechanic’s liens, and others)