Last week I talked about being serious if you really want to SELL your Palm Beach Gardens real estate-
Today I'm going to go over the other side of the tranaction - Buying - and try to cut through some of the BS that is slowing down the whole process.
Many people have recently written about how real estate needs to be looked at LOCALLY not NATIONALLY.
When the media talks about how bad real estate is on a national level they are doing a great disservice to everyone - the AVERAGE is one thing, every city needs to be looked at individually.
There is quite a bit of real estate for sale in Palm Beach Gardens - are there some great deals available? Absolutely! But this is not Forclosure Central.
Since the beginning of the year the number of Buyers that I'm working with has increased, the # of showings on my listings has gone up and the number of offers received has increased also - just as predicted, BUSY SEASON is here.
The biggest current problem as I see it is that the average person has been convinced that every home can be bought for pennies on the dollar and that wastes their time, the Sellers' time and the Agents' time.
Why is this? As I already said, there's the 'national vs. local' misunderstanding and then add the fact that too many people also neglect the difference between sellers who WANT to sell and sellers who HAVE to sell.
What's the difference?
Read on if you're serious about Buying Palm Beach Gardens real estate -->>
Marc J Blasi
Realtor® - Luxury Homes FL - A Thomas Real Estate Company
Mortgage Broker - Knightlines Mortgage Services, LLC
(561)-282-7406 Cell
(561)-282-3330 Office & e-Fax
www.PalmBeachRealEstateAndLoans.com
If that title didn't catch your eye, I don't know what will......
You and your family have decided to sell your Palm Beach Gardens real estate and I'm going to cover some things that should help make the process smoother and faster.
The most important thing is pricing the home correctly. If you didn't hear me, I said
PRICING
One of the biggest problems facing Palm Beach Gardens real estate right now is the fact that so much of it is soooooo overpriced!
As I've said to many people, when you're considering what your property is worth NOW:
That might sound rough, but I've got no reason to sugarcoat things.
When I meet with you to to get the listing on your home I'm going to recommend a price based on the following:
In addition, I always suggest having a formal appraisal done if you'd like a second opinion.
Based on that information you and I will decide the exact listing price.
Too many Palm Beach agents will take a listing - regardless of how overpriced it is - and then hope that you will go for huge price drops in the future. Will they sell the property? Maybe - but only after it's been on the market for a long time and the price is dropped to what it should have been in the first place!
Don't get me wrong, price adjustments are not always bad as long as you start with a realistic price to begin with and update accordingly based on new / changed listings and market conditions.
Laurie Manny recently wrote an article - Chasing the Market Down - Are You Guilty?. In it she discusses the problems with REACTIVE price changes. As she demonstrates that's NOT the way to go. Proactive = GOOD, reactive = BAD.
OK - we've beat up on price enough for now.
More on Selling your Palm Beach Gardens real estate -->>
Marc J Blasi
Realtor® - Luxury Homes FL - A Thomas Real Estate Company
Mortgage Broker - Knightlines Mortgage Services, LLC
(561)-282-7406 Cell
(561)-282-3330 Office & e-Fax
www.PalmBeachRealEstateAndLoans.com
I can talk about how great Palm Beach real estate is until I'm blue in the face - and I often do.
But it never hurts to have another opinion, so I was thrilled to see what well-known real estate investor and analysist Dr. Danielle Babb had to say last week on Enterpreneur.com -
The article was titled "The Best and Worst Places to Buy a Home" and you can read it HERE.
This is how the article starts out:
"Whether you're looking for an investment property or a place to live, here's a look at the cities you should seek out and avoid in 2008".
And right there in the list of 'The Top Places to Buy' is Palm Beach, Florida - and she says the following:
"Palm Beach, Florida: I'm taking a risk here because this area has been pummeled by foreclosures in 2007. But there are a lot of Boomers retiring and Palm Beach is looking mighty attractive. If you don't like this high of a risk (which translates to great prices), check out Tampa or Clearwater in the same state"
Did you notice the part about the great prices? Even if you did, give it another read and make sure it settles in.
Other other top rated areas are:
I can certainly tell you the same things, but I think it's important for my potential Buyers to see this advice coming from someone who is primarily in analysis, not day-to-day sales.
Continue reading this Palm Beach real estate post -->>
Marc J Blasi
Realtor® - Luxury Homes FL - A Thomas Real Estate Company
Mortgage Broker - Knightlines Mortgage Services, LLC
(561)-282-7406 Cell
(561)-282-3330 Office & e-Fax
www.PalmBeachRealEstateAndLoans.com
In the past few months I've written several articles about BallenIsles-
I consistently get more inquiries about the homes in there then any other Palm Beach real estate.
Not only are the homes fantastic, but BallenIsles is also well known for it's Member's Club.
I recently received an update from Cheryll R. Plotkin, the Director of Membership Services - here are some of the main points:
"BallenIsles Country Club is a private, member-owned residential country club with three 18-hole championship golf courses, 23 tennis courts, pool, bocce court, three dining venues, great food, very attractive social program, and plenty of space for card playing. BallenIsles Country Club began in 1962 as the P.G.A. National Golf Club and later was named J.D.M. Country Club by the original owner John D. MacArthur. The Club was opperated by developers until turnover to the residents in 2005 and BallenIsles became a mandatory membership community in 2006.
BallenIsles Country Club ranks number 5 nationally among residential country clubs and number 17 among all of the 6000 clubs surveyed by the Club Leaders Forum in 2006. The United States Tennis Association honored BallenIsles Country Club as their #1 Member Organization of the Year in 2004. We operate very active golf and tennis programs for our members."
Marc J Blasi
Realtor® - Luxury Homes FL - A Thomas Real Estate Company
Mortgage Broker - Knightlines Mortgage Services, LLC
(561)-282-7406 Cell
(561)-282-3330 Office & Fax
www.PalmBeachRealEstateAndLoans.com
Before we go over the GOOD vs BAD parts of the 100% Home Loans I want to discuss the availability of this particular Mortgage.
A lot of things have changed in the Mortgage Industry in 2007 - the subprime mess at the beginning of the year is still on everyone's mind.
You'll see and hear different Palm Beach area mortgage companies advertising that they "STILL HAVE" 100% mortgages as if they were something special - uhhhh, not quite. Virtually all mortgage brokerages still offer the loan, however the requirements to qualify for the loan have tightened up a bit.
Now, here's the important part: Who is the Mortgage good for and who is it bad for?
Keep in mind, I'm not talking about an exact science here, I'm going to discuss the 2 extremes - every borrower will fall somewhere in between.
Marc J Blasi
Realtor® - Luxury Homes FL - A Thomas Real Estate Company
Mortgage Broker - Knightlines Mortgage Services, LLC
(561)-282-7406 Cell
(561)-282-3330 Office & Fax
www.PalmBeachRealEstateAndLoans.com
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