Thursday, July 31, 2014

Market Value of Your Boca Home

Market Value of Your Boca Home 

By Charles Wiener PA and Sergio Lucena PA
Your house is more than just an investment, it is your home. As you begin the process of distancing yourself from the place where you made so many lasting memories you will begin to think about what your home will be worth to someone else.

You may have seen what other homes in your neighborhood have sold for or kept an eye on local listings. I will send you a FREE report about your home value  that is an in-depth version of any research you may have done on your own.

How do we estimate a market value of your home. We'll calculate our best estimated home valua
tion using the several homes records in our database.


Did you know that professional appraisers use the Multiple Listing Service to determine what your home is worth?


I can have a Market Value of your Home.I will provide my  new service to you and can get access to the same information appraisers have.



Friday, July 25, 2014

Downtown Delray Beach is the perfect location to call home.

Downtown Delray Beach's ocean breeze and climate is the perfect location to call home.By Sergio Lucena PA.
Apartments, condominiums, historical homes to beach front living, with temperatures ranging from the mid 70's for most of the year.







Parks, historic museums, theaters and Public Library to bike rentals, yacht cruises, miniature golf, sidewalk cafe, you can always find a wonderful happening here, both Night and Day in Downtown Delray!


Visit unique galleries and boutiques on Atlantic Avenue by day; enjoy a night of dining and entertainment at any of Delray Beach’s award winning caf├ęs or restaurants you will instantly feel the warm and friendly atmosphere that makes downtown Delray Beach such a joy to visit.
 www.FindHomesInDelrayBeach.com

Thursday, July 24, 2014

Three Thousand South boasts of an unobstructed view of the Atlantic Ocean.

Boynton Beach Real Estate Market Update - June 2014


Normally April, May, and June are, without question, the busiest months of the year and the peak for closed single family home sales in Boynton Beach have typically been established during one of these months.The month with the highest amount of closed sales customarily marks the pinnacle of the real estate season. However, June 2014 statistics reveal a date different story when compared to the past.This year, on the other hand, closed sales only decreased 0.2 percent compared to May suggesting that the real estate market is experiencing some significant changes in the single family home category. The peak of this year’s real estate season has spanned into multiple months thanks to the pristine condition of the market. Astonishingly, April,May, and June 2014 had the greatest finishes in five years for closed sales and with new pending sales up over last year, this year’s peak has lengthened in duration. Combined closed sales for April, May, and June are almost thirteen percent higher compared to those months in 2013, marking another astonishing benchmark. The heightened activity of the real estate market probably isn’t over either. Early indications suggest July could continue into record-breaking territory. ( See Chart Below)



Wednesday, July 23, 2014

New Real Estate Market Update - Boca Raton FL

 Free Home Value



 

Normally April, May, and June are, without question, the busiest months of the year and the peak for closed single family home sales in Boca Raton have typically been established during one of these months.The month with the highest amount of closed sales customarily marks the pinnacle of the real estate season. However, June 2014 statistics reveal adifferent story when compared to the past.This year, on the other hand, closed sales only decreased 0.2 percent compared to May suggesting that the real estate market is experiencing some significant changes in the single family home category. The peak of this year’s real estate season has spanned into multiple months thanks to the pristine condition of the market. Astonishingly, April,May, and June 2014 had the greatest finishes in five years for closed sales and with new pending sales up over last year, this year’s peak has lengthened in duration. Combined closed sales for April, May, and June are almost thirteen percent higher compared to those months in 2013, marking another astonishing benchmark. The heightened activity of the real estate market probably isn’t over either. Early indications suggest July could continue into record-breaking territory. ( See Chart Below)





Properties in both single family homes and townhouse and condo categories continue to appreciate to some
of their highest levels. The median sale price for single-family homes increased year over year by 17.9%
percent.

For more information on these record-breaking Palm Beach County market statistics,
 Call me at 561 288 0907 or e-mail me at Charles@WienerLucena.com





 By Charles Wiener PA & Sergio Lucena PA

Tuesday, July 22, 2014

Real Estate Market Insider Boca Raton Florida


Market Insider Boca Raton FLorida 

The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.
Get FREE access to valuable market data!

     
By comparing these price trends, you'll have a good idea of where the market is heading.
The median listing and sold property prices are calculated based on the market activity each month.                                                                                                            

Boca Raton Florida Market Update

Boca Raton Florida Market Update

"Inventories are at their highest level in over a year, and price gains have slowed to much more welcoming levels in many parts of the country," NAR Chief Economist Lawrence Yun says. "This bodes well for rising home sales in the upcoming months as consumers are provided with more choices.New home construction needs to rise by at least 50 percent for a complete return to a balanced market because supply shortages – particularly in the West – are still putting upward pressure on prices."

Boca Raton is a little different than other parts of the Country. See picture below and you can see that was an increase in news listing coming to the market and sales is up 5% from 2013 in the same period.Median price of homes in Boca Raton is up 13.1%.


4 Reasons You Should Sell Your Home Right Now FREE REPORT 





4 Reasons You Should Sell Your Home Right Now FREE REPORT 





Over the last several years, we have seen record low interest rates on mortgages.  This was primarily in an effort to allow folks to continue to afford to buy properties and promote growth.  The lower rates have allowed for the housing market to begin the slow process of healing.  However, the past few months have seen interest rates gradually begin to increase.  Further, these rates are projected to continue to go up steadily over the next year, and beyond, by the Mortgage Bankers Association. Check out the following figures.
  • November 2012 boasted a record low interest rate on a standard 30-year mortgage loan at 3.31%. (businessweek) A 30-year mortgage is often the go-to loan for new homebuyers because they offer a low and affordable monthly payment plan. This lower payment allows buyers to purchase a more expensive home than they possibly could with a 15-year mortgage loan.
     
  • As of February 1, 2013, that rate increased to 3.53% for the same loan. Obviously, this is not a huge hike, but the increase isn’t following the trend of the past few years by going back down. Rather, this interest rate is holding steady with projections to creep up even more. (businessweek)

4 Reasons You Should Sell Your Home Right Now FREE REPORT 

Monday, July 7, 2014

How To Avoid Buying a Money Pit

5 things you need to know before buying a home
How to Avoid Buying a Money Pit
There's an old saying that a boat is nothing more than a hole in the water that you pour your money into. Boats are expensive – from the purchase to the ongoing maintenance – and boat owners throw a lot of money into that hole.
If that's true, then it's easy to imagine a house being a hole in the ground, ready to swallow a fortune. Sadly, many of them are just that, but it doesn't have to be that way.
If you're house hunting, it's easy to be swayed by design features and miss the red flags that signal the home may just be a money pit.

An Important FREE Guide To Your Home Buying Adventure.

Evidence of Deferred Maintenance

Ah, real estate lingo. Get ready to learn a whole new language as you go through the real estate transaction. One of the terms you may frequently hear, especially from your agent and home inspector, is "deferred maintenance."
Deferred maintenance is, simply, the putting off of routine home maintenance. Whether because of procrastination or lack of funds, many homeowners fail to perform the tasks that a house requires to remain in good condition.
For instance, failing to replace a cracked or broken wax ring on a toilet can lead to huge repair bills. Caught early, it's a relatively inexpensive fix. If not attended to, however, moisture will seep from the toilet, intruding into the flooring and even the subfloor. Mold may form. Before you know it, you're looking at not only fixing the toilet but replacing the flooring as well.
Let's take a look at some signs that a homeowner has put off performing routine but critical maintenance:
Cracks in the walls – Although this may be just a result of natural home shifting, a crack in the wall may be a symptom of a larger problem. Vertical cracks are typically harmless. Horizontal cracks, or jagged cracks that run at an angle, on the other hand, deserve closer inspection. These may indicate foundation shifting or water damage.
Ceiling stains  Stains on the ceiling are common and indicate a problem somewhere above the stain. The problem may be a roof leak or defective chimney flashing, allowing rain and snow to seep through.
Ceiling stains may also indicate condensation. If the stain is near the bathroom's exhaust fan, condensation is most likely the culprit, and an uninsulated duct in the attic may be the cause.
Then, there is the obvious plumbing leak. If an upstairs bathroom is located above the stain there may be a leak in the tub, toilet or sink. Press your toes around the floor along the edge of the toilet's base. If it feels spongy, the toilet may be leaking. A home inspector has a tool to test a stain to determine if it is wet or dry. A dry stain means that the problem no longer exists while a wet stain means the problem persists.
Firewood piles – If you live in a region where wood-destroying pests are a problem, such as California, the Pacific Northwest and Michigan, a pile of firewood acts as a magnet for them. If that wood pile is stacked against the side of a house, there is a chance that the home may be infested with termites. A pest inspector is your best resource if you suspect there may be wood-destroying pest damage in a home.
Musty odors  Many houses contain hidden health hazards, and one of the biggest is indoor air pollution. Some pollutants, such as radon gas, are impossible to detect by smell and require the help of a professional. Others, such as mold, are sometimes either visually evident or you can smell them. Mold is one of the most common indoor air pollutants, and we inhale the spores every time we take a breath. If the air smells musty, there is most likely mold somewhere in the home. Hire a certified mold inspector to go through the home before signing on the dotted line.
Sticking doors and windows – Open and close all interior windows and doors in the house. If they stick and aren't painted shut, it may be an indication of the foundation shifting. Look at the top of the sticking doors for a gap. This is another indication of the same problem.
While you can never completely eliminate risk when you buy a home, you can reduce it by exercising "due diligence," another of those terms you'll hear bandied about during the home-buying process. Due diligence simply describes your duty to investigate the condition of the property before you buy it. Many homebuyers rely on professional home inspectors to fulfill this aspect of their investigation, and there is nothing wrong with that. By knowing what to look for, however, you can guide your home inspector to those areas of the home that you think require extra scrutiny.
One final note: Certain types of deferred maintenance may sabotage your mortgage loan during the appraisal. Something as simple as broken or cracked windows can hold up an FHA-backed loan, and signs of larger problems, such as water damage and suspected mold infestations may cause a lender to demand further investigation and even repairs prior to closing.