2016 numbers on beachWhat is in store for South Florida real estate in 2016? 

As the Broker of a productive Boca Raton real estate agency, I am involved in not only my own transactions, but those of my busy agents as well. Additionally, I am an avid consumer of business and political news, and am particularly interested in how current trends impact our local community.
That being said, here are some of my predictions for the year ahead:

URBAN LIVING: I predict that more baby boomers will sell their suburban homes and move into downtown areas of Boca Raton and Delray Beach. The empty nesters are looking for a lifestyle change and are seeking homes, both condos and houses, in neighborhoods that offer walkability to the beach and to restaurants and shops. One only has to…

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Christmas Chanukah 

 

 

 

 

We are in the midst of the holiday season and there is still so much more to do in and around Palm Beach and surrounding areas.

Hanukkah began on the evening of December 6th and ends at sundown on December 14th and of course the countdown to Christmas and New Year’s eve have begun. In between your shopping and prepping, take some time out and try to enjoy one or all of the following events. 

DELRAY BEACH - 100ft CHRISTMAS TREE LIGHTING CEREMONY - DECEMBER 10TH  @ 5:00PM-9:00PM
Atlantic Ave - Delray Beach

The Delray Beach 100ft Christmas Tree Lighting Ceremony is one of the largest and most celebrated holiday events in Palm Beach County.

The ceremony includes family friendly activities, live school performances, live…

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2-story single family courtyard estate home listed for sale in central Boca Raton. Built in 2003, this custom home features 6 bedrooms, 7 ½ baths, 3-car garage and a private in-ground heated swimming pool. This home is located in the Boca Hamlet subdivision of Montoya Circle.

Flics Courtyard 

Beautifully laid out, this quality home has plenty of room for indoor and outdoor entertaining. The formal living room with fireplace is truly impressive. The kosher chef’s kitchen includes a six-burner gas range, three ovens, two microwaves, two dishwashers, warming drawers, granite counter tops, granite prep island and much more.

The master suite with its magnificent master bathroom and massive walk-in closet is located on the first floor along with the study, media…

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Homeowners InsuranceWhat is it?

An insurance inspection providing information on the four mechanical aspects of a home. These four points are the roof, electrical, plumbing and HVAC systems.

What does it do?

The inspection provides the age and operating condition of the inspected items. It also provides the remaining life expectancy. Observable damage is noted as well as specific conditions or materials which may present a risk of damage or injury. Examples include: hazardous electrical panels, double taps on wiring, roof damage, polybutylene piping and overloaded electrical issues. Any systems with a life expectancy of less than five years may be an issue.

Underwriters will not normally insure a property with a poor Four Point Inspection.

Why do Insurance…

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George SpencerBoca Expert Realty is pleased to welcome George Spencer, REALTOR® to its team. George’s business savvy, sociable personality and positive approach are sure to be a great addition and asset to the company.

Born in Durban, South Africa, George and his wife recently relocated to South Florida. George became a licensed REALTOR® earlier this year and brings 35 years of business insight and experience to promote the interests of his customers. George has had diverse life experiences such as completing military service, touring as a professional classical percussionist, and mentoring, to name just a few, and is proud to be a Realtor® with Boca Expert Realty, LLC.

To reach George directly, please email him at george@bocaexpert.com. He can also be reached on…

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Marie PaviotBoca Expert Realty is pleased to announce the addition of its newest member to the team, Marie Paviot, REALTOR®. Fluent in French and English, Marie is a delight and always brings her positive energy, attitude and outlook to any situation.

Originally from the Brittany region of France, Marie relocated to Boca Raton, Florida with her family in July 2013. Marie holds a Masters of Economy and Management degree and has previously worked in banking, the paper industry and in furniture sales and manufacturing.

When time permits, Marie enjoys cooking and entertaining and spending time with her husband and daughters.

To reach Marie Paviot, REALTOR® directly, please email her at marie@bocaexpert.com or she can be reached on her cell phone at 561.866.5563.

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I recently listed this 3 bedroom, 2 ½ bath single family home in the Thornhill Green subdivision of the Montoya Circle area of Boca Raton it sold in 4 days and for more than the list price!22200 Larkspur Front Exterior


Originally listed for an asking price of $675,000, this rarely available single story property with pool and separate screened-in patio sold for $683,500. The property also included a beautiful eat-in kitchen with granite countertops and stainless steel appliances, a large family room with custom built-in wall unit, custom closets in all bedrooms, newer A/C, water heater, roof and impact garage door.


If looking for assistance with the sale of your home, please contact Gloria Singer, Managing Broker of Boca Expert Realty at 561.347.6444 or by email at…

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Image of keys and houseOn October 3, 2015, the rules changed for buyers who need a mortgage to purchase a home. Both buyers and sellers may be impacted by these rule changes because if there is a delay due to the loan documents, the closing and any subsequent closings will be postponed. The desire to have a back to back same day sell/buy closings maybe over owing to due the TRID rule.

The “Truth-in-Lending RESPA (Real Estate Settlement Procedures Act) Integrated Disclosure” Rule or the TRID rule has taken the three previously required mortgage loan disclosure documents and consolidated them into the following two forms: a Loan Estimate (LE) that must be delivered or placed in the mail no later than the third business day after receiving the borrower’s application, and a…

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I thought it would be interesting to analyze the state of the housing market in the Boca area. For the purposes of this analysis, I used single family homes in Boca Raton and Highland Beach for the period of July 1 - September 30, 2015 over $300,000 and broke out the analysis into price bands. I will analyze the condo market in future posts, but I believe that the numbers are comparable.

What do we learn?

The inventory levels are very low. In the price range of $300-500K there is not even a month’s worth of active listings based upon the recent sales. (The number of months of inventory is simply the number of current listings divided by the actual sales per month). As you go up the price ladder, the time on market and inventory supply increases,…

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There were a total of only 23 closed home sales in the Montoya Circle Boca Raton neighborhood in 2010, comparable to the 24 which closed in 2009. Both these past years saw a decline of the numbers in recent previous years. Of this year’s Montoya Circle sales, six were short sales, and two were bank owned properties. The trend towards lower prices continued, especially in the lower end townhomes and homes in Montoya Estates and Captiva, as there is more supply than demand in the under $400,000 price range. Two homes in Montoya Circle sold for $1,000,000 in the past year, which were the highest priced properties which sold in the neighborhood. The community is characterized by its proximity to the popular Boca Raton Synagogue and continues to…

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