About Jupiter's Abacoa

Over the past few years, Jupiter has had explosive growth but the recent housing slowdown hit Jupiter and Abacoa hard with it's large number of new builder developments.

Recent reports show that the builder activity is now a fraction of what it was and resale prices have stabilized.

Currently our team in the Palm Beach Gardens / Jupiter area has grown from 1 agent to 4 agents and is set to add 2 more in the coming month. Additionally we launched the new Jupiter page this month.

FORECLOSURES #1

It is well known that foreclosure rates are up around the country. For buyers, this commonly signals a great opportunity to get a really good deal on a property. Sometimes this is the case, but it is important for a buyer to understand exactly what a foreclosure is before braving that market.

A foreclosed home (also called an REO, or "real estate owned" property) is one in which the previous owner defaulted on the home loan, and the bank took possession of the property. Since the bank is not in the business of owning real estate, it does not want to hold onto properties it was forced to foreclose on, so now it is in the position of having to sell the property in an attempt to recover as much of the profits it lost on the original loan as possible.

It is of utmost importance that you find an experienced real estate professional to represent you if you decide to become active in the foreclosures market. On the upside, foreclosure properties are often priced lower that similar homes in the area. However, the great deal doesn't come without a price! Often, foreclosed homes are in bad repair. They have not been lived in for some time, and so there was no caring owner to keep things in good shape. Still, the properties are usually sold "as-is" and without disclosures, meaning the bank will not fix any damage prior to the sale, nor will they be responsible for any defects not discovered until after the sale.

Purchasing a foreclosure can also be frustrating for other reasons. Buyers should be prepared for an exercise in patience since they could be in negotiations for much longer than they would be with a normal sale. They should also be prepared for the banks to expect more out of them than a regular seller would. Banks will often counteroffer with addendums in their favor, and they will almost never pay closing costs. Realtors such as Ted Guarnero are well-prepared to handle foreclosure sales. They are familiar with different forms and contracts that will protect the buyer, and thanks to their experience with such deals, they are able to anticipate bank objections and get you through the process as smoothly as possible.

For more information Call Ted Guarnero P.A. 561-452-2550 at Illustrated Properties

There are more than 175 single family homes, townhouses and condos on the market in Abacoa, located in Jupiter, Florida adjacent to Palm Beach Gardens.

The units range from small condos in the midst of Abacoa's towncenter to large single family homes in the upscale section of Valencia. Prices begin in the low $100,000's for a condo, or the mid $100,000's for a townhouse and the mid $300,000's for a single family home.

Abacoa is a planned community with extraordinary resources within the community. The world renowned Scripps Institute, a medical research facility, is now located at Abacoa and the Max Planck Research Institute is also locating in the community. Abacoa also hosts Florida Atlantic University's Honors College and is home to Roger Dean Stadium where the Florida Marlins and the St. Louis Cardinals conduct their major league baseball spring training.

Prices of homes in Palm Beach County are down from 25% - 30% since the high in early 2006. In fact, home prices county-wide are about where ther were in October, 2003. It is a strong buyers market and an excellent time to purchase your vacation home or full time residence in Abacoa or any community in Palm Beach County.

The Weiss-Clawson Team is knowledgeable about all sections of Abacoa and can help you find the home you have been seeking. We will work with you in any community throughout Palm Beach County and show you all homes meeting your criteria.

You can contact The Weiss-Clawson Team directly for all your real estate needs. We look forward to hearing from you and to working with you.

Here is an overview of the Abacoa area of Jupiter Florida.

Abacoa

Abacoa is a neighborhood in Jupiter, FL 33458 where people live, work, go to school and take part in leisure activities. Within Abacoa, many communities offer housing for all ages and income levels. The Abacoa area was born with the idea to model after the traditional classic American community with tree-lined streets, front porches, and community buildings for friendly get-togethers. The many community neighborhoods are located within walking distance of the shops and services, which are located within Abacoa and its Town Center not to mention a 10-minute drive to the areas finest beaches and championship golf courses. In the center of town, you will find many restaurants and shops along with the Jupiter landmark the Roger Dean Baseball Stadium that hosts spring training for the Florida Marlins, St. Louis Cardinals, Jupiter Hammerheads and Palm Beach Cardinals minor league baseball teams. Jupiter is home to many top elementary, middle and high schools, not to mention the celebrated campus of Florida Atlantic University. Students on the MacArthur Campus can enjoy the resources of a large research university and the advantages of a small campus setting: low student-teacher ratio, small classes and a relaxed and friendly climate. Abacoa is friendly, exciting and refreshing. It's a wonderful place to start out, raise a family or retire; there is something for everyone here at Abacoa in Jupiter, FL that is known for its natural splendor, preserved beaches, first-rate boating, fishing and living.

For more Information Call Ted Guarnero P.A.@ Illustrated Properties 561-452-2550 or stop by www.TedSoldit.com