Homebuyers: This Could Be Your Moment

Has talk of inventory shortages and rising home prices prevented you from getting out there and searching for your first home…or moving up to your dream home? Well, according to a recent report from Trulia, the tide is starting to turn, and conditions are becoming more favorable for homebuyers in many areas across the country, with the share of home listings with a price cut growing to its highest level since 2014.

For much of the first half of 2018, the share of listings on Trulia with a price cut was largely unchanged from 2017, before shooting up in July and August. In August 2018, 17.2 percent of U.S. listings had a price cut, up from 16.7 percent a year ago.

Coupled with home price growth that’s begun to slow, and inventory levels that are creeping back up in some places, a higher rate of price cuts could be a critical third confirmation that things may finally be shifting in buyers’ favor, says Trulia Housing Economist Felipe Chacon.

“Buyers should be encouraged by the signals we’re seeing in the market,” says Chacon. “But not all buyers will benefit equally, and it pays to do research on your preferred neighborhood. Price reductions typically aren’t uniformly spread out across a given city. Our research shows that price cuts are much more prevalent in higher-cost neighborhoods.”

According to the analysis, of the top 100 metros, 63 had a higher share of listings with a price cut this August than last August—and some of the priciest and/or fastest-growing markets experienced the biggest jump. In fast-moving Las Vegas, for example, the share of listings with a price cut rose from roughly one-in-eight a year ago (12.6 percent) to more than one-in-five currently (20.8 percent)—the largest percentage-point jump among all metros analyzed. In San Jose, where the median home is worth more than $1.2 million and home values are growing more than 20 percent year-over-year, the share of listings with a price cut in August more than doubled compared to August 2017.

While increasing price reductions is welcome news for most, not all homebuyers are likely to benefit equally, says Trulia. In 79 of the largest 100 metros, a higher share of homes listed in more-expensive neighborhoods are experiencing price reductions than those listed in less expensive areas.

And although the report points to more price cuts nationwide, the reductions themselves are getting smaller. For the 12 months ending August 2018, the median price reduction nationwide knocked 2.6 percent off the listing price. This has been declining steadily since 2012, when the median price reduction was 4 percent. The median value of a price reduction today is less than the median price reduction at the outset of the recovery in 97 of the 100 largest metros analyzed. 

Home Upgrades That Really Work

(Family Features)–Bathroom and kitchen upgrades are among the most popular home renovations, but not just because the improvements are likely to increase the home’s value. Renovations to these high-use areas can enhance the practical enjoyment of your home while adding aesthetic appeal and style.

A Better Bathroom
Bathroom makeovers can take many forms, from simple updates to total overhauls. Consider these common approaches, identified by the home experts at JCPenney Home Services, to determine the best match for your home and needs.

Tub-to-Shower Updates
According to the National Association of REALTORS®, more than 60 percent of homeowners prefer a stall shower without a tub. Whether you want to join the ranks of homeowners transforming their outdated tubs to modern showers, need a larger tub to soak away the day or simply want to update the look of your space, converting your tub or shower is a simple way to add functionality while transforming your bathroom.

Aging and Accessibility
More than 200,000 injuries occur in the bathroom each year, according to the National Safety Council. Especially for those with mobility challenges, water and slippery surfaces can be a dangerous combination. If you’re taking on a bathroom upgrade with accessibility in mind, be sure to consider options like slip-resistant flooring, strong grab bars, shower seats and a practical walk-in tub or low-threshold shower base.

Complete Remodel
If you’re looking for a substantial change, a complete remodel may be your best answer. This approach allows you to integrate a consistent look and style throughout the room and create a truly custom experience. However, a project of this scope often requires professional assistance.

Create a New Kitchen
It’s the hub of the home, so it’s no surprise that many homeowners start with the kitchen when they’re planning functional upgrades. New appliances, countertops and tile work all add to the style and function of a kitchen, but don’t overlook these highly functional features that can make your home more enjoyable.

Water Filtration
Features like the faucet and sink, and even refrigerators with ice-makers and water dispensers, can take a real beating through basic everyday use. One way to minimize the wear and tear, and take your kitchen upgrade to the next level, is a water filtration system. Cleaner, clearer water can benefit your home in a number of ways. It eliminates the need for expensive bottled water, produces cleaner, spot-free dishes, lets you save on soap and detergents, results in less build-up on fixtures and helps increase the life of appliances that use water.

Flooring
Updating the floor of your kitchen is another easy way to upgrade the space, even if it’s the only enhancement you make. For example, JCPenney Home Services offers a broad line of hardwood, laminate and luxury vinyl, all of which are affordable and practical solutions for a high-use area like the kitchen.

Lighting
If there’s one place in the home where task lighting really matters, it’s the kitchen. Proper lighting can help ensure you can see well for safe food handling. It also helps set the mood for the room, whether it’s a lively gathering with guests or a quiet candlelit meal at your eat-in nook. You can create a focal point with exquisite fixture over a feature like an island then be sure to complement your standout fixtures with recessed lights on multiple switches with dimmers so you can customize the lighting as needed.

Planning Your Project
Define your desires. Although obvious, many homeowners find this to be among the most challenging aspects of a renovation. Start by determining the scope of your project. It may be just a new tub or shower, or it may be the entire kitchen. Some homeowners find it helpful to consider their project in terms of must-haves and nice-to-haves so it’s easier to make adjustments as obstacles or finances require.

Set a budget. The easiest way to overspend on a renovation is to go into it without an established budget. If you specify what you can afford from the outset and plan against that budget every step of the way, you’re more likely to feel satisfied with your investment in the long run.

Expect the unexpected. If possible, review a blueprint of your home (or have your contractor take a look) to identify details behind the wall, like the layout of the plumbing and electric lines, which can be costly to relocate. It’s also a good idea to take a thorough inventory of your current space so you’re aware of any damage or wear that will need repaired before you begin.

Hire the help (or not). With some preliminary information on the complexity of the job and a better idea of exactly what you’re hoping to accomplish, you should be able to make a decision about whether the project is something you’re prepared to tackle on your own or if hiring professionals is more likely to provide the results you’re seeking.

Monitor progress. Even if you’re handling the project on your own, it’s a good idea to continually monitor the project in terms of budget, timeline and quality of work. It’s easier to make corrections as you go than to get to the end and discover a problem that needs reworking.

Quick Steps for Improving Your Home

Great tips for sellers and landlords!

cartoon house design

Wash Windows – It makes the home seem brighter and only takes a few minutes.

Install a dimmer to instantly create different moods.

Replace doorknobs and light switch face plates & outlet covers. New ones are noticeable!

Select paint carefully. Blue is calming, great for bedrooms. Orange is exhilarating, great for exercise areas!

See more tips here! >>

www.felixstowepropertynews.com/10-minute-home-improvement.html/

 

 

 

In a Bidding War? FBR has Your Bidding Tactics!

busy realtor

The Bids Are On!

Your offer is one of several. What can you do to compete, and most importantly, win?

Bidding situations are quite common these days with the low inventory and high amount of prospective buyers. Luckily for you, Florida’s Best Realty Agents have you covered.

When it comes to Boca Raton real estate, Florida’s Best Realty is your top choice! Real estate bidding in this area can be tricky, but we’ve got the experience you need to gain the upper hand.

Our tips can help you gain knowledge and gain the advantage you need to close the sale:

Choose wisely. Make sure your real estate agent is a good negotiator and doesn’t simply write and submit the offer. The offer is the very tip of the iceberg. Your realtor should be working on getting information on the seller’s needs and expectations. This means following up, getting more personal interaction, even meeting the listing agent if possible. And yes, our agents do all this!

If it doesn’t convey, just let it lay. Don’t turn off the seller with items such as rugs and lawn care equipment. These things should not be on a competitive offer and your agent should tell you so. Feel free to request and negotiate only AFTER yours is the prime contract. Which leads to our next point…

Make it simple. Simpler, the better & more attractive. The less complicated and nit-picky your offer is, the more likely the seller will consider it. Trivial items (leaky faucets, minor repairs, paint job, etc.) will magically make your offer invisible. These trivial factors will most likely be addressed.

Place a large consideration/earnest money deposit – Show that you’re a serious buyer. Money talks. Cash is king. Confident? Then consider making it non-refundable upon acceptance.

Financing? Know that Sellers and listing agents prefer CONVENTIONAL loans over FHA & VA. If you are a buyer who needs FHA or VA financing, present your highest & best from the get-go.

Do your research and get a strong, knowledgeable team to represent & guide you. Looking online and making a few phone calls can sometimes only get you so far. Ask friends, family and co-workers for recommendations. You can rest assured with Florida’s Best Realty. We’ll lock you into a strong team. From real estate company to your personal agent, to lenders, home inspectors, title company…etc.

We’ve been in Boca Raton for over 13 years and we’re equipped for every challenge and opportunity.

It’s a Seller’s market. Buyers need top notch counseling. Florida’s Best Realty can provide all that and more.

STAY TUNED: MORE TIPS TO COME.

Brought to you by Florida’s Best Realty Services

Reach us at 561-208-1382

5499 N Federal Hwy, Suite B. Boca Raton, FL. 33487

 

 

 

Florida’s Best Realty – Specializing in South Florida Real Estate

First time and experienced Buyers interested in and Sellers of South Florida real estate in Boca Raton & Delray Beach:

Why should you hire an agent of Florida’s Best Realty?

beachhappy

We’ll tell you: Because we will guide you in the best direction, get you the best property in the area negotiate, find you the best deal, make sure you’re taken care of.

We’re you’re Boca Raton real estate pros!

We will work out all the big and little details to make everything run well. You rely on us, and we get the job done. It’s that simple.

We take pride in providing professional, comprehensive service while servicing our clients in their rental, sale or purchase.

We are firm believers in word of mouth referrals and in building a trusting relationship with each of our clients.

We’ve been rewarded for top performance in volume. Florida’s Best Realty placed 13th Top Palm Beach Producer in 2012.

Not to toot our own horn, but we make home buying, selling and renting a quick, smooth process, and the job gets done right the first time.

We love being realtors.

i heart being a realtor

It’s our passion. We specialize in South Florida real estate to benefit you. Looking for a home in Delray? A townhouse in Boca? A condo in Highland Beach? Call us! We’d be more than happy to help you.

561 208 1382

The Heat is On! Home Prices Go Up, So does Competition

blogpics

The Market Keeps Heating Up

BUYERS face BIDDING WARS

6/4/2013

Simple economics:

Increased demand with very short supply drives prices up.

What is happening in the market now is Exhibit A of this scenario.

Regarding rising home prices:

U.S. home prices – UP 12.1 percent in April from previous year.

This marks the highest increase  since February 2006

More buyers are competing for a smaller pool of homes – just like back in ’06.

prices rose in April 2013  from April 2012 in 48 states. Price also rose 3.2 percent in April from March The previous month-to-month gain = 1.9 percent…

(info from real estate data provider, CoreLogic)

These are the facts.

Regarding the small supply of available homes:

More potential buyers have been seeking to purchase homes. But the number of homes for sale is 14 percent lower than it was a year ago. The supply shortage has contributed to the price increases.

CONCLUSION?

The time to pull the trigger is now, not later.

No lollygagging or thinking things will be different if you wait — they will be, only higher. That goes for here in Boca Raton and Delray Beach and everywhere else.

Have an FHA, VA, Conventional loan?

Put an offer in now. You’re competing with cash. And the saying holds true: Cash is King.

 

Any questions, you know where to find us! We are the experts who will make sure your deal gets through.

561 208 1382

 

Homes Are Selling FAST

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Buying a House? Expect a Bidding War!

Are you in the market to buy a home in Boca or Delray Beach or any of the nearby cities? Let us tell you it is a challenge — Demand is increasing, but there is very little available on the market. The number of listings has gone down, and the limited supply is swiftly snatched up by the fervent demand.

In our office and across the country, we are seeing eager prospective homeowners and investors buying property as soon as it hits the market, in some cases, without even seeing it.

Now, it is not uncommon for a home to get off the market in less than 30 days.

SALES on the FAST LANE: HOME SALES in APRIL 2013

  • NORMAL – 3-4 Months (90-120 Days)
  • March 2013 – 62 Days
  • April 2013 46 Days

This speed is comparable to the Boom, but there is not much concern for a bubble since back then, it was all easy money, too many loans given on a lenient basis, whereas now, loan standards are more strict.

What we are seeing are qualified mortgagor (borrowers) and several cash buyers competing for the sale. Sellers often have at least one offer within the first few hours of placing their property on the MLS,

Where are the builders? Why aren’t we seeing an upsurge in construction in Boca and Delray? There are a few communities springing up, but not many single family homes. They’re actually putting the brakes on and letting prices rise.

 

If you have any questions, talk with us! We’re available to answer any and all questions, and we’d love to have you as a client.

Our office is located in Boca Raton, off of Yamato & Federal.

561 208 1382

 

Brazilian Buyers, Sellers & Renters: We Speak Portuguese!

brazil

Falamos portugués! We speak Portuguese!

If you speak Portugues, Florida’s Best Realty is able to accommodate you! A member of our team is Brazilian.

We will be able to help you find a rental or a sale or list your property for sale.

Just give us a call! 561 208 1382

It will be our pleasure to assist you!

– – – – – – – –

Se você fala português, Florida Best Realty, agência de imóveis, pode lhe ajudar. Temos brasileiros na nossa equipe.

Poderemos lhe ajudar a encontrar propriedades para  alugar ou comprar e também colocar seu imóvel à venda.
Chame-nos no telefone 561 208 1382
Teremos prazer em lhe servir.

Florida’s Housing Market is Getting Stronger

stronghousingmarket

We see it everyday – property is flying. Trust us to guide you through this fast-paced, no-b.s. market!

From Florida Realtors:

ORLANDO, Fla. – March 21, 2013 – Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a reduced inventory of homes for sale in February, according to the latest housing data released by Florida Realtors®.

© 2013 Florida Realtors®

Read more:

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=289007

Relocate to South Florida

meet me at the beach

Ready to relocate to South Florida? Ready for the sun and fun you’ve always dreamed about?

South Florida sells itself. With year-round sunshine and warmth, it’s no wonder that our area is one of the most demanded and popular destinations for tourism and living. There are many job opportunities, growing cities and of course, tons of things to do, taste, see, hear, and smell.

If you are looking to live in South Florida, do not hesitate to contact Florida’s Best Realty: 561 208 1382 or email info@floridasbestrealty.com and one of our agents will assist you.

We make relocation easy. We’ll find a home in your price range and in an area that you will love. We specialize in the region, so you can trust our expert agents as they guide you to the perfect home.

Florida’s Best will be happy to help you whether you are relocating from out of state or if you are a local trying to find your next apartment, condo, townhome, or home. If you’re ready to buy or sell, we’ll help you too! Our experienced professionals will do everything they can to create a smooth and streamlined process, offering advice and confidence.

Live life by the beach – it’s always getting better!

Contact us today. We’d love to hear from you.

Florida’s Best Realty supports JDRF – Walk to Cure Diabetes

JDRF This year my company, Florida’s Best Realty Services,  has chosen to support a very special organization: JDRF. As the leading global organization focused on type 1 diabetes (T1D) research, JDRF raises vital funds that accelerate progress to bring life-changing therapies and a cure to people with this disease.

Type 1 diabetes is an autoimmune disease that strikes both children and adults at any age. Unrelated to diet or lifestyle, T1D causes lifelong dependence on injected or pumped insulin and carries the constant threat of devastating complications.

As part of my company’s participation, I’ll be taking part in the JDRF Walk to Cure Diabetes along with some my colleagues.  We all agree that JDRF is a superior charity doing unparalleled work and is extremely worthy of our time and support.

I’m asking you to help support my fundraising efforts with a donation. Your tax-deductible gift will help make a difference in the lives of people with T1D.

Donating is quick and easy. Simply click on the link at the bottom of this message “Visit Our Team Page” to donate online.

Please know that more than 80 percent of JDRF’s expenditures directly support research and research-related education. Past JDRF research efforts have helped to significantly improve the care of people with this disease, and have expanded the critical scientific understanding of T1D. JDRF will not rest until T1D is fully conquered.

In addition to making a donation, if you are interested in joining me at the Walk you can get more information by visiting walk.jdrf.org or calling 1-888-533-WALK.  I greatly appreciate your consideration and support of this worthy cause. If you have any questions or need any additional information, please don’t hesitate to contact me.

Sincerely,

Marshall Sklar

>Visit Our Team’s Page<

 

Find Rentals, Sell or Buy! Trust Florida’s Best Realty.

Looking for a home or a willing and able buyer? Our team has got you covered! We specialize in real estate in Boca Raton, Delray Beach, Boynton Beach and the surrounding area.

Every year, we find and sell hundreds of homes and provide our clients with excellent, swift and effective service. We take pride in our work and know how to navigate the local market.

the right house south florida

 

Florida’s Best Realty assures our clients with fast, comprehensive service.

Just tell us your needs and we’ll deliver. We work with your budget and your credentials to find you a match!

Our listings include apartment rentals in Boca Raton, Delray Beach, Boynton Beach, Deerfield Beach, Ft. Lauderdale, as well as sales in these cities. Feel free to browse online or simply call us and we’ll be happy to help.

Take a look at a few of our current listings on our site OR on Zillow: www.zillow.com/profile/FloridasBest/

If you are looking for South Florida properties, please call us. We’ll pin point that ideal home! If you want to sell, we’ll market it with fervor and sell fast.

Have you worked with us before? Tell your friends about us!

Let’s stay connected.

 

Why Home Prices are Rising

Right now, listings are here today, closed before tomorrow.

Investors and regular folks can’t get houses fast enough. New, resale and distressed homes are here in the morning, gone by the afternoon, especially in busy South Florida. Literally. We’re seeing it first hand.

Want to sell your home in South Florida? Now is the time. This is your textbook definition of “seller’s market”.

shopping for houses

Many cities throughout the country are facing housing shortages due to the fact that there is little to no investment in residential projects. No one wants to invest where the return will be so little. Residential investors are holding out for increased market prices, while the ecstatic demand of any and all available houses – old, new, distressed – is driving prices up.

Economists theorize that the housing market is held back by: 1. developers that are stuck due to lack of funding/land and 2. Potential sellers who are stuck in mortgages.

First time home buyers are not interested in foreclosure-related homes, which are now at their lowest level in four years, so investors continue to pick them up in bulk. There’s high, high demand from “organic” prospective homeowners who are seeking nice houses to move into. Home prices are responding to the increased demand nationwide.

If you’re ready to sell, don’t hesitate to contact Florida’s Best Realty. We’ll make sure you get into the market the right way and reap the rewards!

Buying? We’ll here for your house hunt! Don’t wait another moment. Inventory is flying off the shelves!

 

Sellers & buyers! Call Florida’s Best Realty at 888 912 3544 today.

Looking for Delray Beach Properties? See Our Top Delray Picks

Find Delray Beach Properties for Sale

So you want to Call Delray Beach Home?

Delray Beach Florida is the perfect combination of sun, fun, relaxation, good food and good times. People come here to restore and cherish the azure waters, the night life and its beautiful people. Delray can be described as cool and calm, beachy yet sophisticated. With all it has to offer, properties within the city of Delray Beach are in high demand. If you want to live here, you have to act fast. Delray Beach real estate is a hot commodity!

It is easy to fall in love with the beauty and no-fuss attitude of this city, which is probably why you are searching for Delray Beach properties.

If you’re looking for the perfect Delray Beach homes for sale or a Delray Beach rental, you’ve come to the right place!

See all of Florida’s Best Realty’s listings, below. And call us. We’ll find you a Delray Beach home.

 

Florida’s Best Realty

(561) 208-1382

 


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We Are Top Palm Beach Realtors!

Florida’s Best ranked 13th Top Palm Beach Producer, September 2012

Looking for reliable Palm Beach realtors? Look no further than us.

Here’s a fun fact: in the September 2012 TrendGraphix Top Producers report, Florida’s Best Realty Services ranked 13th place out of 50 Palm Beach County brokers.

 

 

 

We’re top Palm Beach realtors, and we’re ready to service you.

Call 561-208-1382 or email info@floridasbestrealty.com now to find out how we can help you find a new home, condo or apartment or sell your current one.

NOTE: If you’d like a .pdf version of the entire Sept. 2012 report, please contact us.

Let’s connect.