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BallenIsles, Mirasol, Old Marsh, PGA Nat Marc Blasi

How Much is Your Palm Beach Gardens Real Estate REALLY Worth?

You're interested in finding out the value of a particular home in the Palm Beach Gardens area.

  • Maybe you're looking to purchase and you want to find out what the home is REALLY worth OR
  • You already own a home and want to refinance OR
  • You're a serious seller and you want to price the home to sell, not to sit OR
  • You just want to find out how much your place is currently worth to see if you made a good investment.

The reason doesn't matter - you just want to know the value of Property 'A' and you need the figure to be as accurate as possible.

Without a doubt, the BEST way is to hire a Professional Appraiser

For any one Appraiser to be successful he/she needs to be as accurate as possible. Valuation is all that they do so if they don't do their very best, they won't be around the business for long. BTW, if financing is involved, using an Appraiser is your ONLY choice.

Next best would be to get a CMA from a Real Estate Agent or Broker

They will take a look at your home and compare it to the most recent sales (w/in the last 6 months) of the most comparable properties or COMPS. It's very important that you use someone that specializes in the area you're interested in because they have detailed local knowledge.
Finally, we've arrived at the WORST possible choice - automated on-line property valuations.

People like to use them because they are anonymous, free and quick. However they are incredibly inaccurate! I'm not going to mention a specific company because they are all bad.

As an example, let's specifically look at Palm Beach County. By one site's own admission, only 54% of the homes sold in the County come in within 20% of the site's estimated value. In other words, their values are off by more than 20% in 46% of the cases! Granted, garbage in, garbage out - if the site hasn't collected enough accurate data they can't be expected to be too accurate.
The problem crops up when the general public runs a search on one of the sites and takes the value as the end-all-be-all.
If you want to see just how inaccurate the values are, try several of the sites the spread of values on the same piece of property will make you laugh (or cry).

When dealing with what will probably be the biggest purchase of your life you need ACCURATE, not QUICK.

Do NOT Raise the Price on Your Palm Beach Gardens Real Estate!

Now that the word is spreading that the worst of the housing crisis is over, some homeowners are starting to do some incredibly stupid things.

(BTW, if you're offended by that you should take a very close look at what you are currently doing.)

The BIG question is "Do you REALLY want to sell it, or do you want it to sit on the market for a looooooooong time while the houses around it DO sell"?

Believe it or not, some people are starting to RAISE the prices on their homes! Folks, please, get a grip. If your home has not sold in a reasonable amount of time you should lower the price NOT increase it!

I've seen several owners in the area do this - but what really caught my eye was a listing in one of the local golf / country clubs that had been wallowing on the market for a long time.

All figures will be approximate as to not insult the people who should, well, really be insulted! But keep in mind that I am trying to help here.

This particular home sold in 3/08 for 435,000 and a few months later it was re-listed for more then DOUBLE. This happened when values were still headed down.

What were they thinking?

The price comes down a bit over the next few months and it winds up in the high $700's - still way too high. Can you guess what the next step was? I hope you're sitting down - not only do they raise the price, they take it up to nearly 1 million!

Mind -boggling.

Forget 'what' are they thinking, now the question is: ARE they thinking AT ALL?

OK, today's rant is over. I need some coffee and aspirin.

Contact me if you are serious about selling your home.

Rentals in Palm Beach Gardens and Jupiter

Well, it happened again....

Someone approached me in the grocery store yesterday and said that he knew that I was in real estate, but since I 'only handle Buyers and Sellers' could I recommend someone to help him find a rental?!?!

I was shocked!

I don't know why anyone would make that assumption because

I certainly DO work with rentals!

So, if your looking for yearly or seasonal:

Palm Beach Gardens rentals

Jupiter rentals

Juno Beach rentals

or rentals in the surrounding areas, don't hesitate to give me a call at 561-282-7406.

AND if you are going to need a seasonal rental (Dec, Jan, Feb, March) we need to start working on it NOW - last year quite a few people contacted me in November and they were surprised to find out that they were out of luck. Don't wait too long.....

Great Deals on NEW Condos in Palm Beach Gardens - Midtown

If you've been looking for great deals on new condos, you'd be hard pressed to do better then the units at Midtown at the Gardens located right off of PGA Boulevard.

There are still some units available, but after the most recent price drop they won't be around for long.

You can actually get brand new units with stainless GE appliances, granite countertops and much more starting around $115,000.

These aren't short sales or any kind of crazy deal, they are just a perfect example of real estate that is priced TO SELL!

Call me (561-282-7406) any time to set up a showing while these properties are still available.

Palm Beach Gardens Luxury Real Estate - April Sales

Our 'friends' in the mass media keep telling us that nothing is moving... but here are the closed sales from April:

13181 Marsh Landing - Old Marsh

107 Tranquilla - Mirasol

216 Via Emilia - Mirasol

131 Via Paridisio - Mirasol

106 Via Paridisio - Mirasol

127 Remo Place - Mirasol

213 Via Palacio - Mirasol

200 Coconut Key Drive - BallenIsles

And 18 sales in PGA National- (I'm not typing all of those out!)

So we followed up a very good first quarter with even more activity in Palm Beach Gardens.

Luxury real estate IS selling - IF it's priced properly.

Call me today to discuss what I can do to get your property sold.