Palm Beach County, FL Real Estate Video Blog with The Treu Group

Showing posts with label Buyer Tips. Show all posts

Tips on Buying a Home with Low or No Money Down

Buying a home is the first step to creating wealth however the deposit can be a stumbling block to buyers. It is time to invest in your financial future and not pay the landlord anymore. The exciting news is that there are options for buyers to buy their first home, next home or dream home. There are many low or no down payment options for buyers for a new home. You don't need to keep paying rent or living in a home that doesn't fit your needs. You can have the dream home you've been wanting.

How Do New TRID Regulations Affect Your Ability to Close Quickly?

Buying a home? Click here to perform full home search
Selling a home? Click here for a FREE Home Price Evaluation
Call me at (561) 352-3056 for a FREE home buying or selling consultation

Do you want to have closing papers in your hand by the end of the year? What do you need to do to make that happen?

Many buyers and sellers want to be moved by the holiday season or by the end of the year. In 2015, we have seen some major changes as part of the new TRID regulations. You don't need to know all the details about it - that's what we're here for - but if you want to sell or buy a home between now and the end of the year, you need to be aware of the new timelines.

A lender who could typically close a loan in 15 to 30 days will now need about 45 days. Some of the bigger banks that needed 60 days are now at 90 to 120 days! This means that you need to start the process earlier to achieve the same timelines you would have been able to do a year ago.

If you're thinking about buying or selling by the end of the year, it's time to get things moving. Give us a call or shoot us an email at any time and we'll walk you through everything you need to know about these changes. If you're selling, you could beat the rush by getting started now! We hope to hear from you soon!

Renting Vs Buying - What You Need To Know Now

How Can You Win in Palm Beach Real Estate?

Right now, we have 4.5 months of inventory, putting us in a strong seller’s market. If you’re thinking of selling, this is the perfect time. If you price it right, have the right condition and perfect marketing, you are going to win. You might even get multiple offers.

In the market of homes listed $400,000 and below, the average days on the market is 33 days or less.

As for the $400,000 - $600,000 price range, those homes are selling in an average of 52 days and homes listed from $600,000 - $1 million are selling in an average of 95 days.

What does this mean for buyers in a seller’s market? It means you need an agent on your side who can educate you about the buying process, be on your side during negotiations, and make sure you get a fair deal on a home.

Here’s one interesting thing we saw. In July, there was a 16% increase in foreclosures. After 10 months of previous decline, this is an interesting development. We’ll keep an eye on the situation to see if it’s just an anomaly, or something that could develop into a trend.

If you have any questions for us, feel free to give us a call or send us an email. We look forward to working with you.

Click here to view all of the stats we mention in this view: https://goo.gl/Gw9nhW

How Can We Find Your Perfect Fit?

Today we are going to show you how you can pick the perfect community and neighborhood for you in Palm Beach County. We are located here at a special property right on PGA National in Palm Beach Gardens. As you can see in the video above, this home is located on a beautiful golf course.

When you are looking to find the right property to buy, the first thing you've got to do is write down the items that are important to you. Do you like golf? Prefer to be closer to shopping and dining locations? Do you desire privacy?

When you narrow down which items are going to be most important to you, we can narrow down the community. Each one has their own personality, and when we get to know your personality, we can match them up.

If you have any questions for us, or are interested in taking a look at some communities, give us a call or send us an email. We look forward to speaking soon!

Fannie Mae is Making Some Big Changes - What Do They Mean for You?

There are many great Palm Beach County homes for sale. Click here to perform full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (561) 352-3056 for a FREE home buying or selling consultation to answer any of your real estate questions.

Next month Fannie Mae is making some changes that we feel you should know about. Traditionally, if you make a short sale or a deed in lieu, you have to wait 2 years before you are eligible to qualify for a loan. Next month that waiting period will be stretched to 4 years. If you made a short sale or deed in lieu 2 or more years ago and want to buy a home, now is the time to start searching. You don't want to miss out on the chance to make a move and have to wait another 2 years before applying for a loan, so you need to act now.

In other news, the professional investors from one of the largest hedge funds in Palm Beach County, after buying 1,152 homes over the last two years. have stopped buying. The effect this will have on our market remains to be seen.

If you have any questions about Palm Beach real estate or would like to chat about market conditions in your area, give me a call. I would love to hear from you.

Be Prepared for Unexpected Costs When Buying Your Palm Beach County Home

Purchasing a home is often the largest investment you will make in your life. However, just because you've closed on a home doesn't mean you are done spending money. Today we'll talking about 3 additional expenses that may come up once you actually move into your new home. The more your prepare for unexpected expenses, the more you can enjoy your new Palm Beach home.

Paint and Carpet

We tell all of our clients to plan on paying for new paint and carpet in their homes. Even if the home looks perfect when you first see it, once the sellers move out with all their furniture and wall decorations, a lot of the time the walls are banged up and their furniture can hide a lot of carpet stains.

Window Treatment and Light Fixtures

Another cost you probably wouldn't account for. These are usually cheap fixes and are needed in only a few rooms, but sometimes they are needed around the entire house which can quickly add up.

A/C and Appliances

The last thing to set aside money for is for air conditioning and appliances. Even though they may be running today, anything can happen after you move in. It's always good to set aside money for these things just in case.

If you have any other questions about home much money to put aside for these fixes, or are interested in buying or selling a home in Palm Beach County, please give us a call. We'd love to help you!

Make Palm Beach County Your Home: Experience Beach Weather in February!

There are many great Palm Beach & Martin County area homes for sale. Click here to perform full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (561) 352-3056 for a FREE home buying or selling consultation to answer any of your real estate questions.

Make Palm Beach County Your Home: Experience Beach Weather in February!

Happy Valentine’s Day! I hope that you are doing something that you love with someone that you love. Today, I wanted to show you some of my favorite places here in Palm Beach County. Let’s face it, the reason why I love living in Palm Beach County is that it’s 80 degrees in February! How many places can say that they have a beautiful beach day in the month of February?

Speaking of beaches, another reason why I love Palm Beach County is because of our world-class beaches. People travel from all ends of the world to experience them! I also love our great outdoor dining, concerts and fairs. I hope that you have a chance to go ahead and experience Palm Beach County.

If you want to call Palm Beach County your home or have any questions, don’t hesitate to call me at (561) 352-3056. Happy Valentine’s Day!

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