September 10th, 2015
Are you looking to buy a house in Boca Raton for $250,000 – $400,000? Lots of people are. One reason is because of the great schools in Boca Raton. Anyone who has children in Boca Raton know it’s home to Boca Raton Community High School. Boca Raton Community High School is rated as an A+ Schools. This is the most sought after school in all of Boca Raton. There are other schools that spur activity in neighborhood selling and buying such as Addison Mizner elementary school just to name a coupleClick here to view property grid.. For those who want to see what’s available for sale here is a list of the homes for sale between $250,000 and $450,000. Click here to view property grid.Click here to view property grid.
August 28th, 2015
Demand by buyers is HOT. There’re so many new people looking to buy homes this summer. Sadly, many will turn away without buying because there are so few good homes from which to choose. Over the last year I’ve been writing about how tight our market is and it’s getting tighter. At the beginning of the year we all thought house prices would grow 4%-5%. It doesn’t look like that’s the case anymore The government prefers to keep the rise in house prices at 4% but it seems we’re just not listening. My phone is ringing a lot more since summer started because buyers know it can be difficult to find the right house. The average house for sale will most likely sell within 60 days of being put on the market if it’s priced right. That time frame will probably shrink this summer.
Have you been thinking of selling your house sooner or later? Sooner may be your best bet.
The Fed said it was thinking of raising interest rates by years end. When rates go up by 1% it cuts the price people can pay by 10%. So a $300,000 house buyer now will be a $270,00 later. Maybe now is the time to sell while money is still so cheap and home prices are high.
If you think now may be the time, call me. We can go over all the facts and then you can decide if it’s right to sell now or not.
Either way call me, I’d love to meet you.
August 26th, 2015
I don’t know about you but I’ve been watching what’s happening to our retirement accounts. I’ve felt for a few months now that the markets were very bullish for a long time. I have been half ready for a correction. When I say I’ve been half ready, what I really mean is I expected it. That’s a lot different from doing anything about it.
I’m not one that watches the market everyday but I do stay up on what’s happening that might have an effect on the housing market. With all the ups and downs we’ve experienced this month especially these last 3 days first I called my financial adviser then after he put me at ease I started listening to the news to figure out why this happened. I heard a lot about China and our less than stellar recovery from our great recession. What I also heard was that the FED chairman has been talking about raising rates next month. I knew there was a lot of chatter about that for some time. I guess it was the old straw that broke the camel’s back. That’s only a guess.
I want to talk about rate hikes for a minute. We all know we have to raise our interest rates, I mean how many years can we go on with basically a 0% interest rate?
That’s artificial… something like maybe what China is doing? There are so many people afraid of the FED raising rates. Don’t be! Funny by true….historically when the rates were raised it did not effect the amount of houses that sold. Honest, I went back to 1970 and when interests were raised it did little to affect the housing market.
What did happen was people that were able to buy a house at say $100,000 prior to the rate increase were able to buy say a $90,000 house instead but they still bought houses. And they bought a lot of them.
So I just want to put any fears to rest that if the FED raises interest rates you will still be able to buy and sell a house if you want to.
August 24th, 2015
Two government programs to assist homeowners are in the news. They are HAMP (Home Affordable Modification Program) and HARP (Home Affordable Refinance Program). They help homeowners in 2 different ways.
HAMP was set up to modify your mortgage if you can’t afford your payments. Modifying the mortgage may be a way to help people stay out of foreclosure. Make no mistake there are certain qualifications that need to be met.
HARP was set up to help homeowners refinance their mortgage. This program helps people who don’t have enough equity to refinance the typical way. These programs were set to expire this year but have been extended until 2017.
These programs were designed to help those who are in trouble now and those who want to refinance but can’t for various reasons. Visit the website for more information.
August 24th, 2015
Did you know that over 7mm U.S. residential properties are seriously underwater — where the mortgage holder owes at least 25 percent more than the property’s value — at the end of the 1st quarter of 2015, according to the RealtyTrac. This is 13.2 percent of all properties with a mortgage. 22% of all the sales in Florida in the same time frame were short sales or foreclosed homes. Distressed properties are still part of the real estate landscape and will be for a long time. That’s the reason that the government programs HARP (Refinancing) and HAMP (Modification)will be extended. There are still millions of people in some level of distress and there are more to come because home equity loans are set to adjust up this year causing more distress.
August 20th, 2015
When you decide to sell your home, setting your asking price is one of the most important decisions you can make. Depending on how a buyer is made aware of your home, price is often the first thing he or she sees, and many homes are discarded by prospective buyers as not being in the appropriate price range before they’re even given a chance of showing. Your asking price is often your home’s “first impression”, and if you want to realize the most money you can get for your home, it’s important that you make a good first impression. This is not as easy as it sounds, and pricing strategy should not be taken lightly. Pricing too high can be as costly to a home seller as pricing too low. Taking a look at what homes in your neighborhood have sold for is only a small part of the process, and on it’s own is not nearly enough to help you make the best decision. I have compiled 10 years of industry research on how to assist home sellers on “How To Get the Price You Want (and Need)”. I can help you to understand pricing strategy from three different angles. When taken together, this information will help you price your home to not only sell, but sell for the price you want. The average house that is priced right will be on the market for an average of 60 days. If it’s not priced correctly it will become a stale listing. It’s one of the most important decisions you’ll make. Do yourself a favor and call us now. 954-242-0939
August 21st, 2014
HAVE YOU LOST A COMMISION BECAUSE OF “OPEN/EXPIRED BUILDING PERMITS AND OR CODE VIOLATIONS?”