buy-vs-rent-home_200The latest rent ratios were released by Moody’s and can be seen in this New York Times article, giving support to the argument that in South Florida at least it is looking like it is more worthwhile to buy than to rent in today’s market of depressed home prices.

The rent ratio is the purchase price of the property divided by the annual cost of renting that property. The premise is that if the ratio is more than 20 (as in New York City for example), it is a better economic decision to rent. When the ratio is less than 15, the advantage tilts to owning. Between 15 and 20 is up in the air, but of course these ratios do not take into consideration potential price appreciation.

Because of the low prices and amazing opportunities in the Boca…

3516 Views, 1 Comments

dolchin_blog_512 This spacious 2/3 bedroom condo of 2,124 sq ft. with incredible views in Boca Pointe just sold for $212,500. This prime Boca Raton real estate was originally listed with Gloria at $250,000 in July. The price was reduced to $225,000 in August, and an offer was accepted in November. Gloria sold this home after less than 4 months on the market. Boca Pointe offers a beautiful lifestyle with optional country club membership in a great central Boca location.  With only 2 apartments per floor, and a glass enclosed wrap around terrace with expansive North and East vistas, this 2 bedroom, convertible den with 2.5 baths and a huge eat-in kitchen with laundry room, sold at an unbelievable price.   

2337 Views, 0 Comments

blog_grelck_1_512_01 The buyer of this charming Boynton Beach real estate 2 bedroom, 2 bath home of 1,292 square feet in Boynton Lakes  got a fabulous deal. Gloria listed this home as a short sale to sell in August and an offer was accepted at the asking price of $115,000 after just 2 weeks! This adorable home is located on a quiet street on a cul-de-sac. The 2 screened-in patios allow for 2 beautiful outdoor living spaces, one just off the kitchen and living room and the other just off the master bedroom. The 2 car garage, updated eat-in kitchen with pantry, bahama shutters, plenty of storage space and great location near the community pool, and clubhouse made this home that was priced right sell quickly! The sellers bought this house in May 2006 for $254,000. As…

2276 Views, 0 Comments

anson_blog_pic_r3010445_201_12_512_03                            In one of Boca Raton’s most desirable seaside neighborhoods, Spanish River Land, this lovely home on a 100 X 150 lot with a split bedroom plan and private screened pool and patio area was just sold by Gloria for $700,000.  The Canadian buyer contacted Gloria through her website over a year ago and requested that she send him listings as he was interested in purchasing a second home in Boca Raton and wanted to take advantage of the great prices. He was thrilled when Gloria found him this 3 bedroom beauty of 2,405 sqaure feet in Spanish River Land just 3 blocks away from the beach in one of the best areas in East Boca. The home was originally built in 1960 and is located in a highly desirable historic area. It was…

1936 Views, 0 Comments