Yes, I know, the home values in Boca Raton and Palm Beach County are still declining. But there is still a strong reason to buy now. Interest rates are lower than ever.

Click here for current rates.

An interesting article by Dan Kadlec in Time Magazine of February 25, 2008 is "must" reading for anyone trying to time the market.  Basically, he explains how a drop in housing prices with a concurrent increase in interest rates will have zero effect on a persons monthly payment. Please see the link below for the article.
So, for everyone who is trying to time the market perfectly, this should be food for thought. My feeling is that we don't know how low this market will go, but I do know that the only way to know that you are at the bottom of the market…

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I hear this question all of the time... everyone wants to know:

So how is the market in Boca Raton? Are things picking up?

The truth is.... YES.

Even though the news is full of depressing statistics, like in today's Sun Sentinel, I am noticing increased activity. I think that the reason is that Boca Raton area HomeSellers have come to the realization that prices and market conditions have changed, and that if they want to sell they will have to price their properties aggressively, list with a good Realtor who markets extensively, and stage the property so it shows well. Buyers of real estate in Boca Raton, on the flip side, have come out of the woodwork because they are hearing that prices are great. There are some amazing buying opportunities…

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I recently attended a broker party with my company, Lang Realty, at the new development One Thousand Ocean on the grounds of the Boca Resort & Beach Club. I was absolutely awestruck at the beauty and quality of this project.

The seven story, 52 unit building will be completed in 4th quarter 2009 and is already 50% sold out. Every home is highlighted by an Ocean or Lake Boca terrace, a private plunge pool, and outdoor kitchen.

On the grounds of the Boca Resort & Beach Club, residents will be able to partake of all of the amenities of this world class resort, including room service and maid service.

Residences range from two story beach villas, ranging from 3000 to 5000 square feet with expansive terraces…

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An amendment to the Florida Constitution was recently passed which will bring about the following changes to the Florida property tax system.

  • $50,000 HOMESTEAD EXEMPTION: Properties which already have a Homestead Exemption will be automatically upgraded to the new $50,000 benefit (it was $25,000 in the past). New homeowners still must file a first time application.
  • PORTABILITY: Property owners with a Homestead Exemption currently receive a benefit known as a "Save our Homes" cap. This benefit works by limiting the increase of the assessed value of the home to a maximum of 3% regardless of the increase in property values. Under the new law, homeowners will be able to transfer this…

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