Its amazing to me how many people actually overpay for a property, especially in this market because they are not informed or they are not working with a Realtor who can provide them with the correct information about the property.
Most of the time the buyers that overpay are the ones that are trying to get a great deal! Whether its a foreclosure property, a short sale or a regular sale you have to be informed and be working with a Realtor who knows the market and can give you the correct information.
Joseph Santini -- Your Boca Raton, Florida Luxury Waterfront Expert!
Sales are up 36% in Palm Beach County when you compare January 2010 to January 2011! That's great news as smart buyers are taking advantage of low interest rates, great home prices and a large selection to choose from. Buyers are really feeling good about real estate again and the incredible investment that it is. Now is the time to get a great deal on the water.
Joseph Santini -- Your Boca Raton, Florida Waterfront Expert!
Many people are currently renting with the hopes of building credit and buying a home sometime in the near future. Its important to make your rental payments on time especially if you live in a large rental community that is managed by a management company.
These types of communities are expected to start reporting to the credit agencies in the near future and late payments will show up on your credit report.
Joseph Santini -- Your Boca Raton, Florida Waterfront Expert!
Mortgage rates are ticking up slightly and this trend is expected to continue throughout the year. This is important if you are a borderline buyer as just a little increase will really effect your payment. Keep an eye on this and if you are a serious buyer its time to wrap it up and take advantage of some of the best buyer conditions of all time.
Joseph Santini -- Your Boca Raton, Florida Waterfront Expert
Real Estate is active across Palm Beach County, Florida as buyers are eating up the inventory at the lower end of the market. Interest rates are starting to slowly inch up which should make it even busier especially with properties under $300k. The luxury market though slower is moving pretty good as well. Below are the numbers for January 2011.
Total Properties Available 21,113
Total Properties Pending 3,424
Total Properties Sold 1,883
Joseph Santini -- Your Boca Raton, Florida Waterfront Expert
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