View of a seller financed unit here on Ft Lauderdale Beach

A Ft Lauderdale Realtors Guide to Seller Financing

Condos / Townhomes for Sale
with Seller Financing

Many Ft Lauderdale Realtors often get asked – is it possible to buy condos / town homes using seller or owner financing – and the answer is yes!

Just look at the location of this oceanfront complex – 2 x 1 bedroom units in this co-op are offered for sale with seller financing.

As one of the top Gay Ft Lauderdale Realtors with Castelli Real Estate I field many inquires regarding seller financed/owner financing condos and townhomes – especially from Gay and LGBT buyers.

Condos / Town Homes for Sale
Listed as Offering Owner/Seller Financing

Here is the market analysis report for condos / townhomes listed for sale – units listed as offering seller/ owner financing

#Beds

#FBaths

SF/FF

List Price

LP$/SqFt

High

6

5

4,350

$3,795,000

$872

Low

0

1

430

$15,500

$0

Average

2

2

1,362

$271,087

$170

Median

2

2

1,161

$159,900

$132

We can see from this report that the average price for a unit offered for sale with seller financing is $271,087 and the median price is $159,900.

Both the average and median prices are based on 2 bedroom 2 bathroom units of between 1161 and 1362 square feet.

Seller Financed Condos for Sale
Inventory Analysis

Here is the Inventory analysis report for seller financed condos currently for sale.

Price Range

Quantity

$149,999 or under

77

$150,000 – $199,999

15

$200,000 – $249,999

16

$250,000 – $299,999

15

$300,000 – $349,999

5

$350,000 – $399,999

7

$400,000 – $449,999

5

$450,000 – $499,999

1

$500,000 – $549,999

4

$550,000 – $599,999

4

$600,000 – $699,999

4

$700,000 – $799,999

1

$800,000 – $899,999

3

$900,000 – $999,999

2

$1,000,000 or over

4

Total

163

We can see from this report that there is a reasonable spread of units for sale across nearly all price points.

The important factor to note however is that there is a good range of condos for sale under $300,000 – with the most units for sale under $150,000.

Many Ft Lauderdale Realtors I know are surprised at the level of inventory we have for seller/owner financed condos.

My Pick of Best Buys
Condos Offering Owner Financing

Spring Tide Apts Co-Op Unit 304
345 N Ft Lauderdale Beach Blvd
Offered for Sale $299,900

LA: 795 TA: 795 YR: 1958
BED: 1 FBATH: 1
F1270788

As one of my company’s top Gay Ft Lauderdale Realtors – I selected this condo in gay friendly North Beach as my pick of best buys!

The unit is a “Spectacular” 1/1 with direct ocean views and just steps to the warm sand and the ocean’s edge – just look at these views!

Views from this condo for sale with owner financing

Spring Tide Co-Op is nestled among the finest hotels and restaurants the city of Ft Lauderdale offers! This complex is exquisitely managed and maintained.

View of Fort Lauderdale Beach

 

The building offers classic mid-century modern lines and beautifully manicured grounds and features a sunny private pool, loungers, clubhouse, bbq. The complex is completed gated.

Unit offers hurricane impact windows and newer a/c

This unit is in the heart of one of the most popular gay friendly neighborhoods here in Ft Lauderdale  – North Beach

North Beach is home to many Gay Guest Houses and Hotels and is also just minutes to Sebastian Beach – Fort Lauderdale’s most popular Gay Beach.

Owner / Seller Financing is available with good down payment

With all this condos features – especially seller financing – and then being located in this great gay friendly neighborhood..this unit should sell fast!!!