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

Showing posts with label Home Buyers. Show all posts

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

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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!

What You Need to Know About Property Taxes

Today, we're going to talk about property taxes. The good news is property values are up. The challenge is that when property values go up, so do your property taxes.

If you have a homesteaded property, you definitely have good news. Thanks to Save the Home protection, many people saw almost no increase in taxes on their homesteaded property, even though the property's value went up.

If you own a second home, commercial property, or investment property, you probably saw your taxes increase by as much as 13%. Property values are only going to continue to rise, so make sure your budget allows for property tax increases in 2016.

Now, if you purchased a homesteaded property in 2014, you were probably surprised with a big jump in your property taxes. You do get that homestead protection, but you lost all of the savings that the previous owners collected over time.

If you're thinking of buying, you need a real estate agent who can help you maneuver all of those situations. We're here to help you maximize the property's value and make the right decisions. If you own an investment property or second home and aren't sure what to do from here, we can help you as well.

If you have any questions at all about property taxes, please do not hesitate to reach out to us. We would be happy to help you!

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!

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!

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