Palm Beach Gardens Florida Real Estate: Should You Stop Renting and Buy?

PalmBeachGardensRealEstateWe’ve helped a lot of people find homes for sale in Palm Beach Gardens over the years, and we’re seeing an increasing number of buyers come to us who have, for whatever reason, most recently been home renters, not home owners. Whether it was because of a hectic job that kept them on the move, changes in their financial picture that made renting more affordable, or simply a lifestyle choice that has gradually become less attractive, a lot of our buyers have been out of the home ownership game for a long time.

What this means is that they might have forgotten what it means to live in a home that you own, rather than in one of the many Palm Beach Gardens homes for rent; with prices at reasonable levels and the picture of a sensibly-sized mortgage payment in their minds, many buyers are looking at the potential to actually save money by owning Palm Beach Gardens Florida real estate.

But it’s important to take the time to chart out your future expenses accurately; remember, even if the mortgage payment seems like a better deal than rent, you may find yourself covering more of the “fixed” expenses involved with the property than you ever did as a tenant. You might think utility use wouldn’t change between renting a home and owning one, but if you’ve been used to a landlord who covered such expenses within the price of rent, you might be in for a rude awakening. Homeowner’s insurance is a must, and typically is more expensive than renter’s insurance. And of course taxes on the property should be considered as part of your monthly expenses.

However, unlike rent, your mortgage is going toward building equity in your home, and can be considered a great investment in your future. For more information about Palm Beach Gardens Florida real estate and our collection of homes for sale in Palm Beach Gardens, contact us today!

Own the Perfect Home with Mortgage Rates Decreasing in Florida

Florida_Keys_Canal_PropertyMortgage rates in the state of Florida have been decreasing significantly, following the trend that has been consistent in last year or so with some variation. With the current interest rate below 4% for real estate West Palm Beach and other areas in Florida, this is the perfect time to buy a house if you’ve been waiting.

 

Most people don’t know what to do with the interest rate of a property. They don’t know how they can secure the lowest possible interest rate and even if they do, they often make mistakes that raise the interest rate unintentionally. To be sure that you’re on the safer side when buying your home, pay close attention to the following tips:

 

  • When you’re about to close the interest rate, don’t make any large purchases. You’d also want to avoid career changes at this time since a lender will check your status just before closing, for one last time. Unless the deal is through, don’t do something that makes the lender suspicious about your ability to repay the money.
  • Most people will only pre-qualify for the mortgage, forgetting the importance of getting pre-approved. Getting pre-approved means you will have a greater chance of bending the negotiations in your favor while improving your credibility at the same time. It will also help you expedite the buying process.
  • The last but the most important tip is to watch your budget closely. Don’t agree to a loan that was originally above your budget. You may be able to get a mortgage deal for such a home but you will have troubling paying the money. Your monthly payment will be higher than what you can afford. You may be able to pay for the first few months but you will run out of patience with such a high payment. Therefore, only go for what you can afford. You can always look for North Palm Beach houses for sale. Be a little humble with your choice and you will do just fine.

How Updating Baths Can Increase Your Home’s Value

bathroom20_bigSomething every potential homebuyer considers is the way a house is staged for sale. Buyers will show more interest in a property if it is staged properly. If a home is staged correctly it can make the difference in its pricing on the market as well. One of the secrets in preparing a home for new ownership is updating its bathrooms.  By doing a few simple tasks, potential buyers will be more interested in paying the asking price for a property without asking for a cut down on the original asking price.

 

Getting your property’s bathrooms in perfect condition does not mean you have to shell out a wad of cash. You can make your baths attractive for potential buyers by making  just a few small changes. For example, you can look at homes for sale Jupiter Florida or homes in Palm Beach Gardens – they almost always have perfectly staged baths. You can get loads of low-cost improvement ideas from viewing these houses. You can also look at houses that sold quickly after being placed on the market and compare bathrooms. Here are some interesting tips, gathered from such houses and real estate advisors, to help you stage your baths perfectly:

 

  • Clean the baths. No one likes dirty looking baths. You’re probably not going  to sell at the price you asked for if you baths are in a less desirable state of appearance.
  • Update knobs, towel racks, and other bathroom vanities to make them trendy. You can always find inexpensive hardware that reflects the latest trend. Houses in West Palm Beach and Jupiter Homes are perfect for following latest trends since they are usually renovated once a year.
  • Add flowers and scented soaps to enhance the ambiance of the baths. Houses with more lively baths tend to sell quicker compared to houses with regular baths.

Florida Real Estate Welcomes New Regulations for Homeowner Associations

real-estate-florida2Real estate in Florida is seeing its best sales since the financial crisis. With a decrease in mortgage rates and affordable rental prices available, potential real estate investors will be excited to see the new opportunities our state has to offer. Buying houses in West Palm Beach can now be a tangible realty for potential investors who have delayed in committing to home ownership as house pricing has decreased recently to a more affordable range. At the same time, the Florida Homeowner Association (HOA) has placed new regulations to keep the current growth under check and avoid possible mismatch between supply and demand.

Before purchasing property in Florida or searching for homes for sale Jupiter Florida, you should review changes that have been incorporated into the new HOA laws. Here is a quick overview of all the important changes for all potential Florida homeowners:

 

  • According to a major amendment in the law, All Florida Homeowners Associations (HOA) will be bound to deliver reports consisting of the total number of houses and their total revenue generated.  HOA will need to include all this within its budget as well.

 

  • All public notices relating to real estate in Florida will be made available online.  The notices will continue to appear in Florida newspapers but they will also appear online on the Florida Public Notices website. This independent website is being operated by the Florida Press Association. The long-term objective of this legislation is to move all public notices to the web so that everyone can access them instantly without ever having to look at a paper copy.

 

  • In addition to these amendments governing general HOA management, there is legislation for specific troubled associations to help them avoid bankruptcy. This will help improve real estate West Palm Beach and other popular real estate hot spots within the sunshine state. 

Florida Real Estate – Gaining Popularity with Retirees

beautiful living areaFlorida has always been popular with retirees. However, recent rise in demand for Florida real estate has made the sunshine state the most popular hot spot for retires, being ranked first in the recently released special report on real estate growth by RealtyTrac.

With demand for rental and owned housing for retirement increasing, houses in West Palm Beach, homes in Jupiter Florida, and North Palm Beach houses for sale are also undergoing a massive rise in demand. Other retiree areas in Florida will also see an increased rise in demand, however their growth will not be comparable to the areas previously mentioned, as revealed in RealtyTrac’s recent findings.

Although the numbers are heavily influenced by rising number of baby boomers retiring in Florida from 2011 onwards, there is also a massive number of foreigners moving to popular retiree hot spots in Florida because the state offers a desirable exotic setting for retired people by a worldwide standard. Popular locations such as real estate West Palm Beach and Palm Beach Gardens, have dedicated communities for retirees to enable them to spend their retirement in ways they always dreamed of.  With mortgage rates also decreasing, there is an increase of people applying for home ownership. The mortgage rate is still around 4% which is relatively low compared to the rate that was available just a few years ago.

The rise in Florida real estate is mainly due to the efforts made by the state’s real estate industry to bring in direct investment. This has helped raise the standard of rental and owned housing throughout the state. People are interested in buying as well as renting with their lavish retirement plans. Florida definitely has the most to offer as the most sought destination for retirement.

South Florida Real Estate Market 2013

Evergrene Homes, Palm Beach Gardens, Florida

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Tucked away in the heart of Palm Beach Gardens, Florida, a new gated community called Evergrene is capturing the imaginations of homebuyers.

Built around a large lake, and designed with a pedestrian-friendly feel exemplified by its integrated walking path, Evergrene hosts its own nature preserve and offers large homes and lots that front it, as well as homes set back from the water. The lake offers year-round fishing from its own pier, as well as an opportunity for to drift around in paddleboats or canoes.

It’s the sort of community living you’d hope for in either a year-round or seasonal living arrangement — as well as being wonderfully centrally located. You’re close to downtown, and within easy reach of the lovely sandy beaches this part of Florida is famous for.

Amenities include a beautiful, well-appointed 20,000 square-foot clubhouse, heated community pools designed for adults and children, basketball courts, and a fitness center — featuring a full gym, sand volleyball court, and a rotating schedule of fitness classes. child care, and other great activities.

A broad selection of different size homes (and townhomes!) means there are opportunities for buyers of all needs and budgets. From modest two-bedroom condos to spectacular single-family homes, there’s something for everyone at Evergrene.