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Boca Real Estate Blog

Found 38 blog entries about Boca Real Estate Blog.

June’s performance for the Palm Beach County real estate market for existing homes largely reflected the prevailing trends that we had seen for 2018 thus far, as revealed in the latest market statistics from Florida Realtors.

Closed Sales

Overall, 50 fewer single-family homes sold in Palm Beach County in June 2018 as compared to June 2017, a 2.7% decline. Meanwhile, 60 more condos and townhouses sold this past June, an increase of 4.9% compared to the same period the previous year. The number of closed sales year to date (January-June 2018) did not change from the previous year for single-family homes and rose 4.3% for condos/townhomes. 

Inventory

The absence of sales growth (especially in single-family homes) of the past couple of years is due

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This 4 bedroom, 4.2 bath contemporary style home, that I found for my delightful buyers, sits on just under half an acre of land that precedes the dramatic lake view. 

With over 4,400 total square feet of living space that encompasses top-of-the-line amenities and elegant furnishings, this home sold for a $2,100,000! 

The magnificent estate has been completely renovated to embrace a more modern, yet inviting look. The hurricane-resistant, floor to ceiling windows beautifully accentuate the open floor plan to allow natural, bright light to engulf the entire home. Glamorous new additions such as Italian porcelain and wood floors, impressive custom kitchen cabinetry, opulent Thermador appliances, and a 24 inch wine cooler have been supplemented

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Selling a home is a difficult and emotional process and obviously you want to get the highest price possible. There are many factors that affect the price that you will ultimately get for your house. Some of these include: recent past sales in your neighborhood (what appraisers look at), what is currently on the market (your competition), interest rates, and general market conditions. Additionally, you must keep your house in mint “show ready” condition, and make it easy to be shown. Lastly, your Realtor® needs to be an expert negotiator adept in marketing your home for maximum exposure. 

 

Price Reduction.

Setting an initial asking price is more art than science. Often, our sellers will want to price the property higher than what we recommend, so they will have

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According to the latest housing data released by Florida Realtors®, Palm Beach County’s housing market reported sharply rising median prices and more closed sales, along with slightly reduced listing inventory in April 2018 as compared to April 2017, according to the latest housing data released by Florida Realtors®.  

Here’s what buyers and sellers of Boca Raton real estate need to know.

Median Price Continues to Climb

The median price of closed sales in Palm Beach County continues to climb, with a 5.8% increase from the same period last year for single-family homes, and 9.7% for townhouses and condos. Pushing up the median price (half sold for more/ half sold for less) is the fact that more expensive homes are selling. In fact, the average

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Real estate market prices are always dictated by supply and demand. In a seller’s market, there are more buyers than sellers, thus inventory levels decrease. When this happens, the supply is reduced and prices inevitably rise. In many segments of our local real estate market, we are seeing quick sales and often multiple offers. So what can you do to help your offer stand out so you can get your dream home? 

Don’t Lowball ~ Know the Market
As they say, “You only have one chance to make a first impression”. You need to understand the market, that is knowing what is currently on the market as well as what other comparable homes have recently sold for.  In a seller’s market with the potential of multiple offers, your lowball offer will be immediately

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Boca Bidges

The long-awaited next “Bridges” by GL Homes development has opened. Following on the success of The Bridges and Seven Bridges, GL is opening sales for its newest luxury community. Located just south of Seven Bridges, on the West side of Lyons Rd and just north of Clint Moore. Boasting a Boca Raton address, there will be over 500 single family homes ranging from the $800,000s to $3,000,000. Boca Bridges will appeal to the buyer looking for a luxury lifestyle with all of the amenities but without the expense and buy-in of a country club community. 

The Lifestyle

One of the highlights of the community is the luxurious and extensive lifestyle complex, featuring a 27,000 square foot clubhouse and more than seven acres of recreational space. The

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When putting your Boca home on the open market, the obvious goal is getting as much money as you can in as little amount of time as possible. And while making sure the inside of your home is in tip-top shape will always be a top-priority before selling, spending plenty of time on the outside of your home is also a necessary component to achieving all your home selling goals. 

Landscaping will undoubtedly play a critical role in getting a home sold, especially when it comes to attracting potential home buyers initially. 

Let’s face it—if you can’t grab a buyer’s attention from the outside, do you really think that same buyer will take the next step and see what the inside of your home has to offer? Not likely; and that’s where landscaping comes into

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HOA Fees ExplainedWith Boca Raton being one of the top retirement destinations in the entire country, maintenance-free housing options here are beyond plentiful. But when you buy a condo, townhouse, or even a home in a gated or golf course community, home owners are required to pay a home owners’ association fee for common area maintenance and upkeep, which can be billed monthly, quarterly, or sometimes even annually.

So if you’re planning on being in the market for a new home or condo this spring, here’s a brief overview of HOA fees and what it may mean for you as a new home owner.

The Basics

As just alluded to above, the general idea behind an HOA fee is to help maintain the common areas of a condo building or community, which could including anything from the

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Choosing the Right Boca Condo BuildingIf you’ve made the decision to buy a Boca condo but don’t exactly know where to begin your search, we’ve got you covered. Unlike buying a single-family home, where buyers also have to consider backyard dimensions, exterior style and design, and countless other factors that specifically relate to detached residences, condo buyers need to focus on a variety of other characteristics, starting with the following…

Amenities 

Most condo buildings in Boca Raton offer plenty of lifestyle amenities for residents to enjoy, which could range from resort-style swimming pools to state-of-the-art exercise facilities. Keep in mind, however, that the more glamorous a building’s amenities are, the more expensive your HOA fees will be each month. 

New vs. Old 

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It’s certainly no secret that the spring season is one of the busiest times of the year for the Boca housing market. And with more people looking to buy a home or condo, chances are you may find yourself in a bidding war if you too are in the market for a new home or vacation residence.

But as the busy spring market fast-approaches, facing stronger buyer competition doesn’t always result in a more stressful home buying experience, as long as you’re well-prepared. And as we’ll discuss below, offering the most money isn’t the only bidding war strategy to consider when you find yourself competing for an available listing.

All-Cash Offers Are King

While not everyone is able to pony up the cash for a new place, doing so greatly improves your chances

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