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Posts Tagged ‘sellers’

Fishing Palm Beach

Lifestyle Image of Gulfstream Fishing

FISH – To fish is a big part of local outdoor life. Coastal Palm Beach Inlet, Jupiter Inlet – St Lucie Inlet offer plenty of opportunities to fish. Atlantic Ocean, Intracoastal, Jupiter Inlet and Loxahatchee River are easily accessible for offshore and inshore casting. Some of the local fish around Jupiter Florida includes barracuda, blue runners, croakers, dolphin, jack cravelle, pompano, sailfish, snapper, snook, Spanish mackerel, swordfish and wahoo.

Pier Fishing – Available at Jupiter Beach Park on the south side of Jupiter Inlet and at the Juno Beach Pier in Juno Beach.

Fly Fishing– Available in the salt, brackish and fresh waters off the Intracoastal and Loxahatchee River west and north of Jupiter Inlet and in Jonathan Dickinson State Park in Tequesta.

Sports Fishing – Several tournaments are organized locally from Palm Beach Inlet to Jupiter Inlet, Indian River and St Lucie Inlet.

Deep Sea Fishing – Several charter companies are available around Riviera Beach, Palm Beach Shores and Jupiter Lighthouse and offer guided fishing charters including deep sea fishing. You may see dolphins, turtles, sharks and manatees on the water.

Jupiter to Palm Beach FL Lifestyles and Things To Do

Athletic leagues,beaches, boating, cycling, dining, diving, fishing, golfing, kayaking, kite surfing, paddle boarding, polo, shopping, snorkeling, surfing, tennis, windsurfing and yoga

Polo Palm Beach Wellington Florida

Polo Palm Beach Florida

POLO – The polo season in Palm Beach invites international and national players and fans to participate in the Wellington competitions and venues.

I have dedicated a pinboard on my Pinterest page   Polo pinboard.

International Polo Club Palm Beach –
Three state-of-the arts playing fields and a stick and ball field. Host events for US Polo Association (USPA).  Offer both instruction and team play.

Palm Beach Polo & Hunt Club 
Hosts of tournaments in season from December until April and lessons year around. Offer 9 playing fields and a large arena hosting vaulting, dressage and rodeos. On the premises is also a 9 hole golf course.

Palm Beach Polo & Country Club
A Mediterranean style luxury community in Wellington with two 18 hole golf courses, The Cypress and The Dunes, designed by golf architect Peter Dye. There are 8 polo fields, four croquet lawns, 10 tennis courts, fitness and an Olympic size swimming pool.

MORE PALM BEACH EQUESTRIAN AREAS

There are several equestrian areas in Jupiter & Palm Beach Gardens with riding trails and horse parks.

Palm Beach International Equestrian  Center (PBIEC) – One of the biggest equestrian arenas in Wellington hosting 18 competition arenas, a derby field, a covered riding surface, The Main Showground and The Stadium. Hosts events like Global Dressage Festival and Winter Equestrian Festival.

Jupiter to Palm Beach FL Lifestyles and Things To Do

Athletic leagues,beaches, boating, cycling, dining, diving, fishing, golfing, kayaking, kite surfing, paddle boarding, polo, shopping, snorkeling, surfing, tennis, windsurfing and yoga

Profit from Seller’s Market

Sellers Market in FloridaWhat’s a Seller’s Market?

A Seller’s Market is a real estate market where there’s Low Supply. The opposite would be a Buyer’s Market when there is High Supply of properties to purchase.

Low Mortgage Rates

For Florida Sellers, who have been Upside-Down and contemplated whether to Upgrade or Downgrade – now is an opportune time!!

WHY do I say this? Well, buyers can afford to buy 10% more home today than in 2014 due to Low Mortgage Rates. The Sellers will get Top Dollar on their current home IF they sell AND be able to purchase a new property for very low interest or cash if they have enough equity, savings or investments.

For Sale by Owner a Good Idea?

For Sale by Owner – Statistics

home for sale signThe average For Sale by Owner obtain 12.6% less price than agent-assisted sales. The most common real estate listing commission is either 5% or 6% either paid to the listing agent or split between the buyer’s agent and the seller’s agent. 

If you were to list a home by owner for $500,000 by owner you would according to national statistics receive around $30,000 less if sold by owner than with a licensed real estate agent.

  • 9% of sellers go the route of FSBO (For Sale by Owner).
  • The median sales price of a FSBO in 2014 was $208,700.
  • The median sales price of an agent-assisted sale in 2014 was $235,000.
  • The most difficult task for a FSBO seller is to price the home correctly.
  • It’s important to price the home to move quickly: the longer the house stays on the market, the more the asking price was reduced.

Source: 2014 National Association of REALTORS® Profile of Home Buyers and Sellers

 

 

My Issue with Zillow

Zillow is a popular tool for buyers and sellers searching online to find the value of a particular property. If all homes were built by the same builder and of the same quality that may be the perfect tool. As with any electronic or general comparison tool that is not done ‘by-hand’ I have found that it has issues and short-comings (but then people do too)….. 

What do I mean with that? As a licensed Jupiter Florida real estate agent, I was creating a comparable market analysis (CMA) for a buyer of a single family home in Tequesta, Florida. There were several recent comps in the multiple listing service (MLS). I looked further into the tax records and saw that another property had sold privately. The home that had sold privately appeared to be owned by two individuals who were probably related. Each owner already owned half the home so when one of them bought the other one out the price was recorded as 50% of the home value. That home was then a comparison for future sales on Zillow, via the tax records and other automated systems. I am not for or against Zillow or similar companies in any way. This is simply an observation of what can happen when relying on automated tools and not real people. 

Positive Equity vs Upside-Down

Most FloFlorida home upside-downrida home owners are back at Positive Equity again after being Upside-Down for 1-7 years between 2008-2014 during the BIG real estate recession. Today, whatever the reason, most Florida real estate buyers pay cash which will reduce the risk of a bubble like we saw in 2008 when most buyers were using too far reaching lines of credit.

What’s Positive Equity?

Positive Equity is when a home owner owes less on their home than it is worth. Negative Equity is when a property owner owes more than it is worth. Other common phrases for Negative Equity are Under Water or Upside-Down.

Upside-Down

Like my image above symbolizes, is a financial state when a property owner owes more than a property is worth in the market place. This was the cause for the 1,000’s of short sales and foreclosures in the past decade.

In 2015, the Florida real estate market is VERY different!! Today, we are in a Buyer-Seller Price Equilibrium – where properties in general exchange for Fair Market Value.

Shortage of Rentals Creates More Buyers

Rent or Buy?In South Florida in general and North Palm Beach County in particular, the shortage of annual and seasonal rentals creates more buyers. The local real estate market is in a state of “buyer-seller price equilibrium” where the properties are sold and purchased for fair market price agreed by both buyer and seller as a win-win situation without a win-loose or loose-win.

When prospective tenants search for months and months without success due to low supply and high demand of rental listings they are increasingly interested in buying a property. Many buyers are cash buyers but the mortgage rates are also remaining at historical lows. This is a very special time in the real estate cycle where both buyers and sellers can close a deal and both parties feel good about having made the right decision. 

MIRASOL COUNTRY CLUB

Country Club at Mirasol - clubhouse and golf resort spa pool

Mirasol Country Club – Newer luxury resort style golf and tennis country club community just off PGA Boulevard with 1,170 Mediterranean style homes and estates. Country Club at Mirasol Palm Beach Gardens FL offers homes for sale and for rent.

MIRASOL Homes for Sale / MIRASOL Florida Homes for Rent
PALM BEACH GARDENS Rentals

Mirasol Florida Golf Club – Offers 36 championship holes.

The Sunset Course – Designed by Arthur Hills and Tom Fazio.
Par 72. Slope 144. Rating 75.2. Length 7,192 yards.
The Sunrise Course – Designed by Arthur Hills and Tom Fazio.
Par 72. Slope 142. Rating 76. Length 7,332 yards.

Country Club at Mirasol – The aerial image shows The Grand Clubhouse, with golf pro shop, card rooms, lounges  & indoor and outdoor dining rooms, overlooking the magnificent resort style pool, groomed meandering fairways and 15 har tru clay tennis courts. Next door is the Esplanade Sports & Fitness Center with fitness center, steam rooms and outdoor swimming pool.


Custom Luxury Home Builders
 – There are 1,170 Mediterranean estate homes designed by luxury developer Taylor Woodrow in this ‘Golfer’s Mecca’ – Palm Beach Gardens – home of the PGA. Builders include Casto Homes, Courchene Development, Frankel Custom Estates, Mustapick, Pinetree Homes and Taylor Morrison.

 

Subdivisions – Andalusia, Capri, Capri, Esperanza, Esperanza, Magdalena, Olivera, Palacio, Paradisio, Playa Rienta, Porto Vecchio, Quantera, Riviera, San Remo, Siesta, Tranquilla, Tranquilla, Via Verde, Villa Vasari, Villa Vizcaya & Vizcaya

 

Mirabella at Mirasol – Homes for sale $350,000’s – $650,000’s.
Neighboring gated community with superb clubhouse without mandatory club membership of the country club.

Mirasol HOA – Official Website         HOA Fees – Mandatory $1,400 – $2,300 / quarter
HOA Fee includes – Common area maintenance, basic cable & man-gated security
Subdivision– Golf course, driving range, tennis, club house, resort, pool, spa, exercise room & sidewalks

Mirasol Golf Club Membership -Mandatory. Inquire directly for current rates.

Golf Membership – $130,000 (80% equity) + $15,600 annual dues
Sports Membership – $90,000 (80% equity) + $9,360 annual dues
Social Membership – $60,000 (80% equity) + $3,895 annual dues

Public Schools – Marsh Pointe Elementary, Watson Duncan Middle & William Dwyer High School

Location – Mirasol Florida – 10 min west of PGA Blvd I-95 Exit #79.

10 min – Shopping – Downtown at The Gardens, The Gardens Mall, Midtown & Legacy Place.
15 min – Jupiter, Singer Island & Juno Beach diningparks & beaches.
15 min – Palm Beach International Raceway & Moroso Motorsports Park.
20 min – City Place, Kravis Center & Palm Beach International Airport (PBI).
1 hr – Ft Lauderdale – Hollywood International Airport (FLL)
90 min – Miami International Airport (MIA)

REQUEST  – Email UpdatesHome Valuation or Call (561) 827-2952
** Details are subject to errors and may change at any time without notice.**

Listing Process – Step by Step

THE LISTING PROCESS – Step-by-step instructions to list and sell your Florida home or condo.

  1. First, set a TIMELINE for when you want to move.
  2. INTERVIEW agents to list, market and sell your home.
  3. Review the selling COSTS.
  4. COMPARE the time to sell and estimated selling price.
  5. Choose a marketing PLAN that will best achieve your goals.
  6. Sign a LISTING AGREEMENT with the agent of choice.
  7. Complete the ‘honey-do list’ & GET HOME READY for showings

 

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