Jupiter Florida Ted Guarnero

MOORINGS

The Moorings of Jupiter in Jupiter, Florida is a private community of some of the most sought after real estate in the area. The homes themselves are beautiful, and the lawns and gardens are spectacular. The neighborhood is situated on the banks of the Loxahatchee River, and is caught right on the border between Martin County and Palm Beach County.

The residences at The Moorings were all custom built, giving their interiors a certain amount of distinctive style unique to each property. Most have open floor plans, high ceilings, and the crown molding and tray ceilings that one associates with a luxury community. From there, the details take on a life of their own. Some kitchens feature stainless steel appliances and granite countertops, while others focus on custom cabinets and tiled counters and backsplashes. Most of the homes have 3-, 4-, or 5- bedrooms, and many have additional rooms customized to the homeowners needs as an office, study, or den.

The exteriors of the homes are less diverse, with all enjoying well-manicured lawns complete with mature palm trees. Many of the homes have backyard pools and lanai areas, perfect for a day of relaxing in the sun or an evening entertaining friends. If you have been looking for a private luxury community with a diverse sense of style, don't miss The Moorings of Jupiter.

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

www.Tedsoldit.com

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MALLORY CREEK

Key West inspired homes are some of the most sought after in south Florida. Lightly colored exteriors, white and gray roofs, and wide front porches are reminiscent of the famous vacation hot-spot island to the south. The neighborhood known as Mallory Creek at Abacoa in Jupiter, Florida is one such community. Recently developed by DiVosta Homes, Mallory Creek showcases a pleasant mix of town homes and single family homes with a vide variety of floor plans. The 13 different models give buyers a choice of 3-, 4-, or 5- bedrooms, and up to 4 bathrooms. Air conditioned interior space ranges anywhere from approximately 1800 to 3500 square feet, depending on the model.

Like it's inspiration to the south, Mallory Creek has been drawing buyers because of its proximity to south Florida's waterfront. Just a few miles from both the Intracoastal Waterway and the shores of the Atlantic, residents of Mallory Creek who want to enjoy the beaches are only minutes away. Those who live in the neighborhood also enjoy being so close to the heart of Abacoa with it's sporting events (at Roger Dean Stadium), shopping, dining, and nightlife. For anyone nostalgic for a little piece of Key West in Palm Beach County, Mallory Creek is a can't miss!

For more Information Call Ted Guarnero P.A. at Illustrtaed 561-452-2550

www.tedsoldit.com

Jupiter Florida real estate

GREENWICH

The Abacoa communities are some of the most popular neighborhoods in Jupiter, Florida. Abacoa is a beautifully planned community integrating residential homes, office space, and retail sections. Those with a particular interest in living and working in the heart of Jupiter will find the opportunity for a unique experience in the live/work town homes of Greenwich of Abacoa.

Greenwich is zoned for mixed use. The three story homes are considered "live/work" residences since they have the unique feature of a first floor that may be used either as an extra bedroom or can be converted into an office separate from the rest of the unit. Greenwich is perfect for small business owners who want the convenience of adjoining living space and office space!

Upstairs, the town homes feature two-bed / two-bath models, three-bed / three-bath models, as well as a few designed as lofts. Many include upgraded features throughout the interior including granite countertops and under-mounted sinks in the kitchen. The town homes also boast garage space and balconies. If you are looking for the ultimate live/work experience in the heart of Jupiter, literally just minutes from some of the areas hottest shopping and dining, don't miss Greenwich of Abacoa!

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

www.Tedsoldit.com

Jupiter Townhomes

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

If you have been paying attention to news about the real estate market over the last year or so, you have probably noticed that there is a lot of talk going around about short sales in Florida. However, while most media outlets spend a lot of time reporting on short sales, they generally neglect to explain exactly what that means. A short sale property is one that is still owned by the homeowner, but that homeowner can no longer make their monthly mortgage payments and they owe more on the house than the house is worth. Instead of allowing a foreclosure to occur, the bank holding the mortgage makes a deal allowing the homeowner to sell the home for less than is owed and settle with the bank for that amount.

As you may have guessed, purchasing a short sale property can be a great investment since you are getting it at a bargain price. In fact, right here in Palm Beach County, there are many fantastic short sale properties. Nevertheless, buyers must be aware that purchasing a short sale property is not the same as buying a regular home for sale. It is a longer, more intricate process, and the buyer should make absolutely sure they are represented by a Realtor who knows what they are doing.

Ted Guarnero's Short Sale Team is experienced in the short sale process, and will be able to help you decide if going after a short sale is the right decision given your unique wants and needs. Buyers interested in these bargain homes should expect a much longer closing process. It is not unusual to wait 4 to 6 months to close on a short sale property. Because there is such a delay in the time it takes to close, buyers also need to know that they are taking a risk in even making an offer at all. In a market where prices are dropping by 1% or 2% every month, a delay in the acceptance of an offer (common for short sales) can mean that once the offer is accepted, the home is no longer worth the offer price. Also, during the period in which the buyer is waiting to hear back from the bank, they are technically under contract and cannot consider any other homes on the market.

Banks are most inclined to accept the offers of buyers who allow them to keep things as simple as possible. For example, a buyer offering cash is more desirable than one whose offer is contingent on financing. Buyers who ask for the seller to pay closing costs generally do not have their offers accepted on short sales, and those who expect anything other than an "as-is" contract are usually rejected as well. In the end, short sales can be a great bargain, just be sure to consult a knowledgeable professional, like you will find in The Ted Team, so that you are absolutely sure of what you are getting into. call Ted Guarnero P.A at 561-452-2550, Illustrated Properties