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CITY OF WESTON OFFERS LIMITED HOME PURCHASE ASSISTANCE & HOUSING REHABILITATION PROGRAM

Posted on November 24, 2015 by Bob Catania

Topics: Life in Weston 

DOWN PAYMENT ASSISTANCE


For qualified persons wishing to purchase a home within the City of Weston. The maximum amount of assistance is $40,000 and will be determined on need. Households must have incomes less than 80% of the Area Median Income, adjusted by family size (Income Chart).
A buyer must first be able to obtain a first mortgage through a bank and must contribute 3% of the total costs towards the down payment, including closing costs, insurance, inspection fees, and other required fees from their own funds. There will be no interest, and as long as the borrower owns, occupies, and maintains the home for a period of 15 years, the loan will be forgiven.
HOME REPAIR ASSISTANCE
Eligible homeowners may apply for assistance with repairs to their home. The maximum amount of assistance is $40,000 and will be determined by the actual cost of the work. Eligible households must have incomes less than 80% of the Area Median Income, adjusted by family size (Income Chart).
Repairs will be limited to:
· Roof repair and/or replacement; complete repair/replacement
of deteriorated roofing system
· Window replacement
· Door replacement
· Insulation
· Hurricane/storm shutters
Home repair funds will be secured with a junior note and mortgage on the property. There will be no interest. As long as the borrower continues to own, occupy, and maintain the home for a period of 10 years, the loan will be forgiven. Interested persons can complete the City of Weston Home Repair Intake form.


Make prospective Buyer’s first impressions count!

Posted on August 21, 2013 by Bob Catania

Topics: Selling Tips 

Potential Buyers often decide whether they are interested in a home within seconds. Whether they are online or in person, that first impression sets the tone for the whole experience. If their first impression is negative, then they will be on the lookout for things that they don’t like.

There are three types of first impressions:

  • Online – online appeal distinguishes which properties a potential buyer chooses to view in the first place. Since nine out of ten home buyers begin their search online, seller’s should first pay attention to how their properties come across electronically. That’s why we work with a professional photographer who takes high resolution photos for print advertising, medium resolution photos for the web, and four panoramic 360 degree photos for the virtual tour.
  • Curb Appeal – If you want to get the Buyer through the front door, you must create a visually appealing presentation.  For minimal expense, sellers can freshen up landscaping with mulch and add color with annuals. Other outdoor tips include making the front door as appealing as possible, installing exterior lighting, synchronizing your entry hardware, rather than mix and match pieces.
  • Interior – make sure the entryway is free of clutter, pay attention to smell, eliminate any potential sources of mold or mildew. Kitchen and bathroom counters should be free of clutter, beds made, windows clean, etc. The interior should be depersonalized of photos and memorabilia. Most importantly the interior should be clean, neat and organized. all lights should be turned on and all drapes and window treatments should be open. When we market a home, our service includes accompanying all showings and meeting the cooperating agent and their Buyer to ensure that all these items are addressed prior to the showing.
  • Don’t cut Corners – Be aware too that all three threshholds must be crossed for a showing to be a success. If a property has great curb appeal, but looks dingy inside, for instance, then the photolisting will reveal that – and buyers may avoid it. On the other hand, if the interior sparkles but the exterior looks unkempt, potential buyers may well keep driving or continue browsing online for other properties.

Census Facts About Weston – 2009-2011 American Community Survey 3-Year Estimates

Posted on August 20, 2013 by Bob Catania

Topics: Life in Weston 

In 2009-2011, the City of Weston had a population of 65,000, with 51% female and 49% male. The median age was 38.4 years, with 30% under 18 and 8% were 65 and over.

  • 83% of households are made up of families; 68% are married-couple and 16% other.
  • 52% of all households have one or more people under the age of 18.
  • 16% of all households have one or more people 65 years or over.
  • 62% of males and 59% of females among those over 15 years are currently married.
  • 60% of residents were native residents of the U.S.
  • 40% of residents were foreign born; of those, 40% were naturalized U.S. citizens, and 46% entered the country before the year 200051% of those over 5 years old spoke a language other than English at home. Of those, 81% spoke Spanish, 19% spoke another language.
  • Of people over the age of 25: 27.4 % have a graduate or professional degree; 30.3% have a Bachelor’s degree; 8% Associate’s degree; 16.8% some college or no degree; 13.8% High School diploma; 3.6% less than high school diploma.
  • 5% of the population of Weston reported a disability, with 3% under 18 years old; 4% from 18-64 years old; 19% over the age of 65.
  • 63% of those over 16 were employed and 31% are not currently in the labor force. Of those employed, 82% were private wage and salary workers; 10% federal, state or local government workers; and 8% self-employed in their own (not incorporated) business.

Commuting:

    • 82% of Weston residents drove to work alone and 6% carpooled.
    • For those commuting, it took them an average of 28 minutes to get to work.

Median Earnings for Full-time, year round workers by sex:

  • Male $89,284   Female $$47,890
  • 99% of households received earnings and 10% received retirement income other than Social Security; 18% of households received social security, with the average being $18,003
  • 6% of people living in Weston were living in poverty. 5% of related children under 18 were below the poverty level, compared with 9% of people 65 and over.



Race:

  • 88% were white
  • 3% black or African-American
  • 5% Asian
  • 4% some other race
  • 44% were Hispanic
  • 47% were White, non-Hispanic. People of Hispanic origin may be of any race.

Housing:

  • Weston had a total of 25,000 housing units
  • 77% were single family homes
  • 23% multi-unit.
  • 76% were built since 1990
  • 73% have three or more bedrooms, with the median number of rooms at six.
  • Median monthly housing costs for mortgaged owners was $2,709; non-mortgaged $962; renters $1,853.
  • 50% of owners with mortgage, 24% of those without mortgages and 57% of renters spend 30% or more of household income on housing.

Luxury Estate in Weston Hills

Posted on April 26, 2013 by Bob Catania

Topics: Weston Homes for Sale 

Enjoy incredible lake to golf views from this 5 Bedrooms, 3 Full Bathrooms and 2 Half Bathrooms Yorktown Six model, plus office (Playroom is considered as the 5th BR).

Saturnia  marble flooring adorns the social areas, Master Bedroom and office, real wood floors in the secondary bedrooms & playroom. The spacious gourmet  kitchen has been upgraded with granite counters and center island, wood cabinets, huge walk-in pantry and eat-in breakfast area.

The backyard has  been lushly landscaped for privacy, and surrounds the tumbled marble patio, heated pool and spa, and the Tiki hut. Other upgrades include  accordion hurricane shutters on all the windows and a mosquito misting system. Offered for $1,250,000  


Greater Fort Lauderdale prices up 33% in 2012

Posted on April 25, 2012 by Bob Catania

Topics: Regional Articles 

 

A new report was just published regarding home sales in the Greater Fort Lauderdale area of South Florida.   This new report shows price increases in Fort Lauderdale and according to the article:

According to the Miami Association of Realtors, the median sales price of single-family homes during March in Broward County was $180,009, up eight percent compared to March 2011.

The median sales price for condominiums increased 7.1 percent to $75,100 compared to a year prior.  Broward County condominium prices have increased 14 out of the last 15 months.

The average sales price for total single-family homes increased 4.1 percent, from $255,335 to $265,754. The average sales prices for condominiums rose 17.4 percent, from $109,338 in March 2011 to $128,319 last month.

To read further visit World Property Channel.  If you are in the market to sell a home in Fort Lauderdale, please fill out your information below and someone will contact you shortly to help you sell your Fort Lauderdale home.

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City of Weston Household Hazardous Waste & Electronics Collection

Posted on April 30, 2010 by Bob Catania

Topics: Life in Weston 

The City of Weston will be holding a Household Hazardous Waste and Electronics Collection Event on Sunday, May 16 at The Weston Public Works Services Center located on South Post Road between Manatee Isle Drive and Saddle Club Road.   This is a free event and will be held between the hours of 8:00 a.m. – 3:00 p.m.

Household Hazardous Waste (HHW) refers to used or leftover contents of consumer products that contain chemicals with one of the four characteristics: Toxic, Ignitable, Corrosive, or Reactive as defined by the Environmental Protection Agency.  Below are examples of items that are being collected:

Hazardous Waste:  Oil and/or latex paints and thinners, used motor oil, auto fluids, gasoline solvents, Pesticides, fertilizers, pool chemicals, drain cleaners, tires, and automobile batteries.

Electronics:  computers and televisions

For more information, please call Public Works Service Center at 954-385-2600 or visit www.westonfl.org  You can also follow us on Twitter at www.twitter.com/CityofWeston.


New Watering Rules for Weston, Broward and South Florida

Posted on March 14, 2010 by Bob Catania

Topics: Life in Weston 

Under South Florida’s new watering rules:

*In Broward and Miami-Dade counties, residents and businesses with odd-numbered addresses can water on Wednesdays and Saturdays. Those with even-numbered addresses can water on Thursdays and Sundays.

*In Palm Beach County, residents and businesses with odd-numbered addresses can water on Mondays, Wednesdays and Saturdays. Those with even-numbered addresses can water on Tuesdays, Thursdays and Sundays.

*Watering is allowed before 10 a.m. or after 4 p.m. on the permitted days.

*Emergency, once-a-week watering restrictions remain in place for Lake Worth and Hallandale Beach, where drinking water well fields remain at risk of saltwater seepage. Odd-numbered addresses can water on Mondays and even-numbered addresses can water on Thursdays, with watering allowed between either 4 a.m. to 8 p.m. or 4 to 8 p.m.

*Irrigation using treated wastewater or low-volume methods — including micro-irrigation, container watering and hand watering using a hose and automatic nozzle — is not limited under the new restrictions.

*New lawns and other landscaping can be watered beyond the permitted days for up to 90 days.


The 4th Annual Weston Artwalk & Showtime

Posted on February 11, 2010 by Bob Catania

Topics: Life in Weston 

The 4th Annual Weston Artwalk & Showtime
will be held on

Sunday, February 21, 2010 from 10AM-5PM at the Weston Town Center.

Over 60 local artists:  Paintings, Jewelry, Sculpture, Photography, Live Entertainment and more.

THIS FREE EVENT is presented by the Arts Council of Greater Weston.


Free BSO Home Watch Program in Weston

Posted on January 29, 2010 by Bob Catania

Topics: Life in Weston 

Did you know the Broward Sheriff’s Office offers a free Home Watch Program in all of its patrol areas? A deputy, CSA or COP volunteer will check on your home daily when you are out of town.

Visit www.sheriff.org/homewatch to download the form. If you have any questions, contact your Weston BSO district office at 954-389-2010.


Obama signs bill: Homebuyer tax credit extended

Posted on November 10, 2009 by Bob Catania

Topics: Life in Weston 

WASHINGTON – Nov. 6, 2009 – President Obama signed H.R. 3548 this morning, enacting into law an extension, and adjustment, of the $8,000 tax credit for first-time buyers. Among other things, the extension adds money for certain move-up buyers; creates one deadline for signing a contract and a later deadline for closing; changes income requirements; and limits a purchased home’s cost to $800,000.

“Extending the homebuyer tax credit and expanding it to reach more homebuyers is the right thing to do,” says 2009 Florida Realtors® President Cynthia Shelton. “It is critical to maintaining the positive momentum we’ve been experiencing in the housing market and in the overall economy. Florida Realtors applaud congressional leaders for taking action to extend the homebuyer tax credit into 2010, which will help Florida families realize their dream of homeownership, improve our communities and strengthen our economy.”

Adds John Sebree, Florida Realtors vice president of public policy, “Florida residents enjoy two additional advantages. The Florida Homebuyer Opportunity Program (FHOP), created by the Florida Legislature earlier this year, still has approximately $28 million that first-time homebuyers can access and use toward their downpayment. And move-up buyers now have the ability to ‘port’ their current property tax savings to a new home.”

First-time homebuyers

Most details for first-time homebuyers mirror the rules currently in existence. The maximum tax credit remains $8,000 ($4,000 for married individuals filing separately), and anyone who has not owned a home within three years is considered a “first-time buyer.”

• A purchase must be under contract by April 30, 2010.

• A purchase under contract by April 30 must close no later than June 30, 2010.

• After Dec. 1, 2009, income limits rise to $125,000 for singles and $225,000 for married couples; up from limits effective through Nov. 30 of $75,000 for singles and $150,000 for married couples. The tax credit phases out incrementally at each $20,000 increase in income.

• Effective immediately: The maximum home value purchased cannot exceed $800,000. Prior to the law being signed, first-time homebuyers had no limitation on a home’s cost.

Current homeowner tax credit

An existing homeowner who purchases a home may now claim a tax credit of up to $6,500. To qualify, that owner must have owned and used the same residence as a principal residence for any consecutive five-year period in the previous eight years.

• This new tax credit is effective immediately. Eligible homebuyers do not have to wait until Dec. 1 to close in order to qualify.

• Personal income limits, maximum home value, and contract/closing deadlines are the same as those for first-time homebuyers.

Long-time Florida homeowners who enjoy discounted property taxes resulting from the state’s Save Our Homes amendment qualify for property tax portability, notes Sebree. For more information or to calculate how much tax savings can be transferred to a new home, visit floridarealtors.org at:

http://www.floridarealtors.org/LegislativeCenter/TopInitiatives/index.cfm

Florida Homebuyer Opportunity Program

Under FHOP, first-time Florida homebuyers can obtain interest-free bridge loans to access their federal tax credit before they complete a home purchase, enabling them to use that money upfront for downpayment and closing costs. Once buyers submit their returns to the IRS and receive their tax credit money, they repay their loans to the state.

The Florida Realtors-backed program came out of the 2009 session of the Florida Legislature. However, as part of the 2009-2010 budget year, did not become effective immediately. They tax credit extension will allow many first-time buyers to tap into the approximately $28 million in the program’s remaining funds.

While funded by the state, the money is distributed through the city and county housing offices that operate the State Housing Initiatives Partnership (SHIP) program. There is no standardized program, and each local agency may operate under different rules for distribution. For more information, buyers should contact their local SHIP office.

To find a local SHIP office, go to:

http://apps.floridahousing.org/StandAlone/FHFC_ECM/AppPage_SHIPLGContacts.aspx.

Additional changes

The tax credit extension includes other new rules, such as:

• The new law also impacts dependent purchases of homes, which weren’t addressed under the old rules.

• The new law requires a buyer to attach documentation about the home purchase to his or her income tax return. An audit found that some buyers are claiming the tax credit when they don’t deserve it, and investigators continue to seek out fraud. To minimize tax abuse going forward, buyers won’t receive the credit without submitting proof to the Internal Revenue Service (IRS).

The homebuyer tax credit is collected as part of the normal income tax process. As a credit, it’s calculated separately from an individual’s income tax, and paid regardless of taxes owed or withheld from income. As always, however, only a tax planner can render specific advice to anyone seeking the credit. For more information on the credit, contact a tax planner or visit the IRS website at: http://www.irs.gov.

Florida Realtors will update tax credit information and clarify details when available on the Homebuyer Center, part of floridarealtors.org at:

http://www.floridarealtors.org/AboutFar/homebuyercenter/index.cfm.

© 2009 Florida Realtors®