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Posts Tagged ‘real estate market’

Interview with Susanna Grubb from Ultimate Florida Real Estate

Logo SACC Fort Lauderdale and Palm Beach Florida logoSwedish-American Chamber of Commerce in Fort Lauderdale & Palm Beach (SACC-SFL) had a talk with new Trust Member Susanna Grubb to chat about her new company Ultimate Florida Real Estate and what to think about when selling or buying. 


Ultimate Florida Real Estate header logo

You recently started ”Ultimate Florida Real Estate”, tell me about it! Yes, I did! I’m very excited about what 2019 has to offer. I was a Florida real estate agent for various companies in Jupiter and Palm Beach for 12 years. I tried mom-and-pop brokerages and global realty brands. As an agent, you pay a portion of your commission to a broker. As I was generating 100% of my leads, I saw less and less value in what the brokers had to offer me. It was time to venture out on my own. In 2018 I was focused on creating and establishing my brand and in 2019 I’ll start hiring.

What are your biggest strengths you think?
I already have an existing buyer and seller client base, referral network and presence across social media and about 50% of my clients are Swedish. Many companies market themselves as both “local” and “global”, but I truly represent that. I have lived, worked and raised a family in Palm Beach County since 2003 so I have a lot of local knowledge for people relocating here. My biggest strengths are my higher education, vast travel experiences and respect for people from all socioeconomic backgrounds. My graduate thesis was about “schema theory”. I have a passion for SEO and that will take me to the next level.

I also know you have a masters degree in Technical Communication, how did you get in to the real estate business? 
Yes, I do. When I graduated I was 7 months pregnant and had an 18 month old toddler. I also moved a week later from high-tech Seattle to old-world Normandy. I consulted in webdesign for a while. When we moved to Florida, I got attracted to real estate because of the flexible work hours. I managed my husband’s triplex in Newport RI 1992-1999 so I had handled many contracts before but as a landlord.

How is the real estate market in South Florida right now? Is it a good time for selling?
We have a great market right now – for both buyers and sellers. As more people can work remotely, we have much younger buyers moving to Florida than in the past. The market is more year-around and less seasonal. Homes in low crime areas with good schools, golf courses and medical facilities as well as beach condos and waterfront homes are hot. Look at comps sold in the past 90 days. What the seller paid is irrelevant. Realistic pricing is key!

For everyone that will sell or buy real estate, do you have some good advice?
When selling a home:
– Maximize your square footage under air. Get quotes for possible improvements and ask an experienced agent how this would effect the selling price.
– Unclutter the entire home or condo. Neutralize it so it appeals to as many potential buyers as possible.
– Ask your listing agent to hire the best photographer they know and get drone shots immediately (not as an add-on).

When buying a home:
– Request the price per square foot for the most similar active, sold and pending comps. This will show you the true value.
– Ask about pending or upcoming assessments for the condo or community. Get all financials during due diligence period.
– Find out the pet, vehicle and rental restrictions. Towns are following up on Airbnb rentals and few of them meet the HOA rules.

SOURCE: Reposted from Swedish American Chamber of Commerce (SACC) Fort Lauderdale and Palm Beach

Shortage of homes. Increase in jobs.

07/22/2015

Buyers Searching Homes Short of InventoryIn June 2015, real estate prices reached record highs as buyers saw a shortage of inventory. 

The National Association of Realtors said sales of existing homes climbed 3.2 percent last month. Home sales increased 9.6 percent the past 12 months while number of active listings increased by 0.4%.

Median home prices climbed 6.5 percent over the past 12 months to $236,400, the highest level reported by the Realtors not adjusted for inflation.

Home-buying has recently surged as more buyers are flooding into the real estate market. High demand has not attracted more sellers into the market, causing tight inventories and increasing prices.

Only 5 months’ supply of homes were for sale in June, compared to 5.5 months a year ago and 6 months in a healthy market. Some areas are barely adding any new real estate listings. 

Average properties sold in only 34 days in June. Limited supplies could slow sales in the next few months.

Rising home values are stretching the budgets of first-time buyers and owners looking to upgrade. As homes become less affordable, the current demand will likely taper off.

The job market was thriving in 2014 when 3.1 million jobs were added and on pace to add 2.5 million jobs in 2015. 

Average 30-year fixed rates were 4.09 percent last week, according to the mortgage giant Freddie Mac. The average has risen from a 52-week low of 3.59 percent.

*Sources NAR and Associated Press (AP)

2012 Tequesta Florida Real Estate

TEQUESTA REAL ESTATE MARKET

Tequesta offers
club communities, golf courses, tennis clubs, boat ramps, ocean access, beach condos, oceanfront estates, Intracoastal homes, riverfront homes,
luxury homes, traditional homes, 55+ communities, A-rated Jupiter schools and much more.

Closed sales: Increased 76.5%New homes listed: Decreased 3.4%. Median sales price: Increased 3.7%.
Days on the market: Reduced 33.7%. Inventory: Reduced 51.1%. 

Make sure you know your home’s fair market value!!

Contact me for a consultation & analysis of your home’s fair market value.
Call (561) 827-2952

REAL ESTATE MARKET UPDATES –
Hobe Sound / Juno Beach / Jupiter / Palm Beach Gardens /  Palm Beach County / Tequesta

2012 Jupiter Florida Real Estate Market

JUPITER FLORIDA REAL ESTATE MARKET 2012

New homes listed: Increased 28.7%Closed sales: Increased 42.7%Median sales price: Increased 26.8%.
Days on the market: Reduced 21.8%. Inventory: Reduced 36.5%.

Request the fair market value for your home.

Contact me for a consultation & analysis of your home’s fair market value and CMA.
Call (561) 827-2952

REAL ESTATE MARKET UPDATES
Hobe Sound / Juno Beach / Jupiter / Palm Beach Gardens /  Palm Beach County / Tequesta

2012 Palm Beach Gardens Real Estate

PALM BEACH GARDENS REAL ESTATE

New homes listed: Increased 24.9%. Closed sales: Increased 37.1%. Median sales price: Increased 7.7%.
Days on the market: Reduced 25.4%. Inventory: Reduced 40.8%.

Contact me for a consultation & analysis of your home’s fair market value.
Call (561) 827-2952

REAL ESTATE MARKET UPDATES –
Hobe Sound / Juno Beach / Jupiter / Palm Beach Gardens /  Palm Beach County / Tequesta

2012 Hobe Sound Real Estate Market

HOBE SOUND REAL ESTATE MARKET

New homes listed: Increased 60.9%. Closed sales: Increased 33.3%Median sales price: Decreased 27.8%
Days on the market: Reduced 16.4%Inventory: Reduced 19.4%

Make sure you know your home’s fair market value!!
Call (561) 827-2952 for a free consultation.

Contact me for FREE CMA – an analysis of your home’s fair market value.
Ask for discount commission when listing your home for sale.
(561) 827-2952

REAL ESTATE MARKET UPDATES –
Hobe Sound / Juno Beach / Jupiter / Palm Beach Gardens /  Palm Beach County / Tequesta