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

Showing posts with label Buying a Home. Show all posts

Buying a Home and Making a Difference

Today I want to go over a few things you should know
before buying a home in 2017.

It turns out that the FHA will no longer implement a reduction in fees. Because of this change, there are some things you should know about buying a home in 2017.

If the FHA fee reduction had gone through, it would have saved the average FHA buyer $500 to $600 a year. That means the loss of that reduction won’t impact your ability to buy a home.

Also, Realtor.com reported that in December 2016, the number of people looking at properties increased from 40% to 80% compared to December 2015.

Many buyers are trying to purchase a new property before interest rates rise, which is smart as increased interest rates would greatly impact buying power. That’s why if you’re looking to buy, you need to hire the right agent to ensure a quick and successful home purchase.

“

You can still buy a home without the reduction
in FHA fees.

”

I’d also like to talk to you about how $20 can have a huge impact on our community. The Treu Group is doing a diaper drive to help assist the one out of every three families who are struggling to buy diapers. Many members of those low-income families would like to go back to work, but children are not allowed to go attend daycare without diapers.

Our diaper drive will be taking place in three different locations: Lighthouse Cove Adventure Golf in Jupiter, iHeart Media in West Palm Beach, and the Treu Group Real Estate office in Del Ray Beach.

If none of those are convenient, we can come pick up your donation or even buy the diapers for you if you prefer to make a monetary donation.

If you’re looking to buy or sell a home or if you would like more information on our diaper drive, please feel free to give me a call or send me an email. I would be more than happy to help.

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

Why Are So Many Millennials Buying Palm Beach Homes?

Welcome back, everybody. As the real estate market continue to heat up in Palm Beach County, more and more sellers will enter the market. Many of these buyers will be millennials, a name given to the current generation of adults under 35.

Recently, we had the opportunity to interview a handful of millennials who have recently purchased their first homes. We wanted to see what inspired them to make such a large investment at such a young age, and here's what they had to say:

"It didn't make sense to me anymore to pay rent on a property I didn't own. I have two other people living with me now, helping me pay my mortgage." - Courtney, 25

"My parents were in the real estate industry and kind of instilled in me the fact that you could either waste your money on rent or put it back into an investment that you own." - Alex, 23

"I bought when I was 25 because I wanted to put my money towards something worthwhile." - Ashley, 25

Buying a home isn't a simple task. It takes a lot of time and effort to get done. Here at the Treu group, we are all about making things as easy as possible for our millennial buyers. We listen to what they say and help them out accordingly. Here's what they have to say about our service:

"Having someone that is able to answer questions and stay in touch at a moment's notice was huge. Fast communication is key." - Alex, 23

What about advice for buyers on the fence? Here's one piece of advice from our client, Chris:

"Don't be scared. Pull the trigger. The cost is not much different than renting, but it makes a whole lot more sense. Take advantage of these rates while you can, and don't wait until you are 30 to buy a home like I did." - Chris, 30

As you can see, we work hard for our millennial buyers and want to help them make the best decision for their future. If you, or somebody you know, is interested in buying or selling in Palm Beach County, feel free to give us a call or pass along our information. We look forward to speaking with you soon!