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Palm Beach, FL Real Estate News

By Scott Gordon
(Exclusive Estates)
Open houses are nearly as old as the Palm Beach real estate market itself and have been around long before the internet started to become the average person’s first stop when buying a new home. Since so many studies point out that the majority of buyers start their home search on the internet, some buyers are taking their realtor’s questionable advice and forgoing the open house altogether. It’s true that with the advent of interactive slideshows and video, it’s easy to get a glimpse of any Palm Beach real estate even if you’re in another state. Yet despite these figures of increased internet home buying, studies also show that a good portion of buyers are still purchasing their homes after doing their own personal walkthrough at an open house. At the end of the day, tried and true meth...
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By Scott Gordon
(Exclusive Estates)
For most people, choosing the Palm Beach homes they ultimately settle on is a matter of ensuring that its size, design and its price tag all satisfy that particular buyer’s needs and financial situation. However, any reputable Palm Beach realtor will tell you that there are several additional factors you should take into account before making that final decision. What’s the neighborhood like? Just because you visited during the day and found the neighborhood serene and quiet does not mean that will necessarily be the case during the evening. Make sure you’re fully aware of the neighborhood and whatever quirks it may have. What potential problems should I know about? Usually a seller will be forthcoming about possible flaws in and around the home as it builds trust but there is no law st...
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By Scott Gordon
(Exclusive Estates)
For many people, turning off emotions is easier than it sounds and that’s certainly the case for first time buyers exploring the Palm Beach real estate market. Once you become too emotionally attached to a home, there are added risks that could lead to disappointment or problems down the road. Make sure to avoid these common mistakes. Getting yourself attached to an unaffordable home. Gorgeous stainless steel appliances, marble bathrooms, stunning views, it’s easy to find Palm Beach homes that instantly draw you in but if the price is beyond your means, it’s not doing you any favors. Stick to a certain price and start near the lower end as you make your way up. Not taking into account flaws. Most reputable sellers will detail whatever problems the home might have but that’s not always t...
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By Scott Gordon
(Exclusive Estates)
Moving to new Palm Beach homes is an activity that can quickly turn from pleasant to nightmarish. Having to lug around heavy furniture and delicate items is one thing but once the estimate comes around, it’s almost like opening another can of worms. Moving doesn’t necessarily have to come at a huge cost if you don’t mind being frugal. Use these tips to save money next time you decide to move. Forego the boxes and the bubble wrap. Head over to most liquor stores and they’ll likely be quite willing to part with their empty boxes which are already quite sturdy since they’re used to transport heavy bottles. For the bubble wrap, swap it out with towels, sheets or newspaper. The internet is a great place to look for people who may be giving away extra items they don’t need like packing tape. ...
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By Scott Gordon
(Exclusive Estates)
The process of buying Palm Beach real estate is already convoluted enough, especially for the first time homebuyer. Perhaps the tougher part is figuring out where to even begin. Most people will tell you to start off by doing a checklist of what you’re looking for and how much you can actually afford. After determining needs and maximum price, it’s strongly advised to consider consulting an experienced realtor or, as some suggest, a real estate attorney as they can also take care of the responsibilities normally associated with the title company. A title company will make sure that any Palm Beach real estate you purchase is free unpaid taxes, fees, etc. Be careful not to become too attached to any property when browsing Palm Beach real estate, at least not until you’ve actually become t...
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By Scott Gordon
(Exclusive Estates)
Improving Palm Beach homes with the purpose of making them greener and lowering costs doesn’t necessarily have to come at a tremendous cost to your pocketbook or require several months of work. In fact, several do it yourself projects can be done over a period as little as a weekend. If you’re looking to upgrade your kitchen, you can always opt for recycled or renewable material products instead of sticking with new ones or with popular granite. For example, a stone countertop with glass that’s been recycled is a good way to start or you can opt for plywood cabinets free of formaldehyde. Floors with natural linoleum material are also good. One of the biggest culprits for driving up monthly electric bills here in South Florida is air conditioning, practically a necessity due to the often...
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By Scott Gordon
(Exclusive Estates)
In today’s market, finding the right Palm Beach real estate mortgage loan is just as, if not more difficult than choosing the property you’ll eventually call home. The tougher lending practices plus the fewer amount of brokers mean there are less resources than before. Here are three good options worth exploring if you’re looking for a home loan. Go on the web. There are several reputable websites like Zillow that can walk you through applying for a mortgage and closing with a broker or bank while presenting accurate fees and rates you’ll be paying. Any website that asks for your social security number upfront should be avoided. Go with a broker. This option is great if you don’t fall under the category of the traditional person seeking a mortgage loan. While a broker won’t be required ...
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By Scott Gordon
(Exclusive Estates)
Price plunges for Palm Beach homes have many people exploring their options to see if they can fulfill their dreams of becoming homeowners. In a perfect world we’d all be able to own a home but first time buyers are often surprised by the costs that are separate from the price tag. A mortgage loan pre-approval is practically a necessity if buyers are looking to purchase Palm Beach homes and don’t want to have to deal with being turned down. This can often cost money and, depending on how one goes about it, so can obtaining the credit report. It’s often encouraged that buyers make a significant down payment in order to obtain better financing but this is obviously money that’s required upfront and thus may add to the overall costs. Of all these hidden costs for Palm Beach homes, what may...
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By Scott Gordon
(Exclusive Estates)
Anywhere you look, there’s Palm Beach real estate available for a price much less than what it once was costing. Despite the tough economic situation many are facing there are people out there who can afford to become homeowners but continue to stick to renting, a legitimate choice for several reasons. When compared to the costs in becoming a Palm Beach real estate homeowner, renting is a huge money saver. In most cases the fees or initial costs involved are the security deposit as opposed to down payment, closing costs, etc. A rental home with more bedrooms or square footage usually won’t require as much as it would to actually own it. The ‘no strings attached’ approach of renting also tends to outweigh getting into a mortgage term or being concerned with the home and whether it will l...
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
  How many times do we see advertisements that seem too good to be true. How about the small print that you don't pay attention too. How about the sales person that is more worried about telling you what you want to hear, rather than what they should be telling you. This happens more times than one would think when it comes to mortgages and real estate.   Hint : Just because it says sale or one puts an awesome rate and no fees on your good faith estimate, doesn't mean that this is the gospel according to the truth. Or that realtor that promises you a higher price than what the market warrants. Common sense on this one...  if there are comps in the area justifying the price, fine, but ask for these comps and not just the realtors word.       Why do I harp on this more than ever?  Because...
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By Scott Gordon
(Exclusive Estates)
As Palm Beach homes foreclosures continue to plague the market, real estate professionals continue to tout their financial benefits. In fact, real estate searches via the internet have seen foreclosures searches skyrocket as more and more people explore the possibilities of buying high priced property at low market prices. So why aren’t foreclosure sales surging if searches are skyrocketing? Most people are aware that one of the biggest risks of buying a home, foreclosure or otherwise, is the large chance of the property losing its value over time. However, foreclosures come with an additional set of risks that could lead to unwanted financial headaches for buyers down the road. Thankfully, minimizing risks is relatively simple by employing a few simple steps. Buyers should always begin...
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By Scott Gordon
(Exclusive Estates)
Many realtors continue to advertise the monetary benefits of buying Palm Beach real estate foreclosures and statistics show that searches for foreclosures have increased substantially. However despite this surge in foreclosures, buyers continue to remain on the fence when it comes to actually buying a foreclosure property of any sort. Besides the general risks associated with buying a home new or old (namely a potential drop in value), foreclosures have additional strings attached. Costs that go unnoticed, dilapidated conditions, legalities, the list goes on and on. How does one minimize their own risk of huge monetary losses? First, buyers must understand what foreclosures are and how they differ from a new home. Buyers should either do their own research or consult a real estate profe...
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By Sandy Pitchford, Palm Beach, Jupiter, Tequesta Real Estate
(Distinct Estates)
  Palm Beach county is a very large and diverse county located in the heart of south Florida.  The palm beach real estate market contains everything from beautiful ocean front homes and condos, to large horse farms, to great golf view country clubs and large wide intracoastal view homes.  There aren't too many areas like this.  The rich and famous can be found living the the Palm Beach island real estate, which offers beautiful ocean and intracoastal homes.  Out west you have wellington, where many of the large estate horse farms are located.  And to the north you have Jupiter which is famous for the large estate on Jupiter Island. To browse some of the great offerings in this very diverse market, be sure to check out the Palm Beach real estate site. You may also find some interest in t...
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By Anthony Pizzarelli
(Corcoran)
Palm Beach Realtor   Sponsored by www.PalmBeach-Select.com Your #1 source for real estate market information specific to your Palm Beach County real estate interest.  When you enter your e-mail address here @ www.PalmBeachMarketInfo.com you'll be prompted to select which down town West Palm Beach building(s) you'd like to receive e-Reports on as well as an option to recieve general market information. It's my philosphy that an educated customer is the best customer and it's my pleasure and honor to provide reliable market data to help assist with your real estate needs.   Best Wishes, Anthony L. Pizzarelli a.k.a Mr Down Town West Palm Beach anthony@pb-select.com   888-888-2814 The Corcoran Group Palm Beach 340 Royal Poinciana Way #302 Palm Beach, Fl. 33480      See my listings @ www.Pal...
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By Scott Gordon
(Exclusive Estates)
Today’s Palm Beach homes market arguably contains the same amount of lucrative opportunities as it does hazards for people who fall under the category of first time Palm Beach homes investor. The trouble is a lot of of these Palm Beach homes investors become too fixated on these Palm Beach homes deals and forget to take a look at how the market works and how prices ebb and flow. If you think about it, how do you define a genuine deal on Palm Beach homes if it’s your first time playing the market? Your goal is to make as big of a profit as possible, look out for Palm Beach homes that don’t require a substantial down payment. Remember that the value of Palm Beach homes always fluctuates, so a small down payment may translate into more money in your pocket if your down payment is small. Wi...
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By Danny Thornton, WordPress Guru
(R & D Art)
When I lived in Florida, it seemed that I was never more than 2 hours around from anything in the center of the state to the bottom. Well, that is, with the exception of the keys. Having this luxury gave me the ability to spend weekends at whatever each I wanted. I could go to the west coast beaches and play in the gulf, or the east coast beaches and play in the Atlantic. The thing that I loved about the East side was A1A. For those of you that do not know Florida well, this road runs north/south along the east coast line of Florida. While spending time on A1A, I witnessed a lot of major traffic crimes that could use the expertise of someone like Randy Berman. Randy is an attorney serving Palm Beach and Delray Beach, Florida. He deals with a lot of criminal offenses that range from majo...
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By Investor Realty Group, Local Expertise with a Global Reach
(Investor Realty Group, LLC)
In today's slowing real estate marketplace, having the option to spotlight your property and maximize visibility is a critical benefit to getting it sold. It is, by far, the best possible method of attracting as many possible buyers on a single day and using a competitive bidding process to achieve the highest possible sale price. Buyers act on your schedule by complying with the terms, conditions and sale date of the Auction. They are committed to sale on a specific date, therefore, they conduct their due diligence in advance and are prepared to bid on the day of the sale. Closings typically never exceed 45 days beyond the sale/auction date, offering you a complete timeline from the minute you agree to move forward. Whether your property has been on the market longer than you expected...
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By Investor Realty Group, Local Expertise with a Global Reach
(Investor Realty Group, LLC)
AS SO MANY ARTICLES HAVE STATED, WE ARE IN THE MIDST OF ANOTHER DOWNTURN IN SOUTH FLORIDA'S BOOM AND BUST REAL ESTATE MARKET. THE MOST RECENT ARTICLE IN THE DAILY BUSINESS REVIEW MENTIONED THAT THIS IS THE 4TH MARKET DOWNTURN IN 26 YEARS.  WHAT IS SO DIFFERENT ABOUT THIS DOWNTURN IS JUST HOW RAPIDLY IT CAME AND THE EXTENT TO WHICH IT CAME TO SUCH A QUICK HALT.  IN THE PAST YOU COULD SEE A SLOWDOWN OCCURING AND IT WAS MORE PREDICTABLE.  THIS TIME THE BOTTOM JUST DROPPED OUT. IN THE SAME TIME, REAL ESTATE AUCTIONS ARE BOOMING. (NAA Stats.). PLEASE VISIT WWW.AUCTION-GENERATION.COM  FOR A VIDEO AUCTION OVERVIEW. Troy Fowler Lic. Real Estate Broker & Lic. Real Estate Auctioneer (#AU3595, #AB2717, AARE, CES)             
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By Investor Realty Group, Local Expertise with a Global Reach
(Investor Realty Group, LLC)
.Absolute Auction: An Auction where the property is sold to the highest bidder with no limiting conditions or amount.  The seller may not participate directly or indirectly. .Reserve Auction: An auction in which the seller reserves the right to establish a reserve price.  He or she may choose to accept or decline any and all bids or to withdraw from the auction at anytime prior to the announcement of the completion of the sale by the auctioneer. .Minimum Bid Auction: An auction in which the auctioneer will accept bids at or above a disclosed price.  The minimum price is always stated in marketing materials and is also announced at the auction. .Sealed-Bid Auction:  This sales method utilizes confidential bids, which are submitted to be opened at a predetermined time and place. To learn ...
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