Tuesday, November 05, 2019 / by Jordana Tobel
Here at Premier Listings, we are happy to be entering the season of giving and the end of the year.
The South Florida community is brimming with events (our favorites are featured below), good weather of course, and lots of real estate news, see below for some statistics.
What's Happening: Palm Beach County
10th Annual Boca Raton Wine & Food Festival - Nov 9th
One of the largest outdoor festivals in South Florida, attend this amazing culinary affair. The festival takes place on Saturday November 9th inside Sanborn Square Park in the heart of downtown Boca Raton, just south of Mizner park. Tickets and more information here.
Palm Beach Balloon Festival - Nov 29th
Featuring hot air balloons glowing at dusk, balloon rides, food vendors, activities for the kids, and more. This is a family friend event you won't want to miss. Get more information here. ...
Monday, October 21, 2019 / by Christina Cutolo
Are you considering buying a home and wondering about your loan options? Are you a first time home buyer? Read below for important information:
Buying vs Renting
Rents are the highest they have been in history. The average rent in Palm Beach county alone is $1500 a month with Boca Raton and Delray even higher! A loan amount of $200,000 equates to about $1000 in principal and interest. If you add taxes, insurance and HOA that can close to $1500 a month for a mortgage
Buying a house can build equity and you can invest in your own future opposed to paying for someone else’s.
You can make it your own and remodel anytime.
No landlord rules to follow.
There are tax benefits when owning your own home. (Talk to a tax professional for specifics.)
Landlords can raise your rent at any time.
When you rent, you often have to move multiple times. Each time you move, there are large costs associated with it. Don’t forget to calculate that into the equation.
Owning a home is ...
Thursday, August 29, 2019 / by Jordana Tobel
Each year hurricane season begins on June 1st and lasts 5 months, with storms typically peaking in August and September. As with every hurricane season regardless of forecast, knowing the essentials of how to prepare could truly be a life saver.
First, know your hurricane facts and understand common terms used during hurricane forecasts. Storm conditions can vary on the intensity, size and even the angle which the tropical cyclone approaches your area, so it is vital you understand what the forecasters and news reporters are telling you.
Tropical Depressions are cyclones with winds of 38 mph. Tropical Storms vary in wind speeds from 39-73 mph while Hurricanes have winds 74 mph and greater. Typically the upper right quadrant of the storm (the center wrapping around the eye) is the most intense portion of the storm. The greatest threats are damaging winds, storm surge and flooding. This is in part why Hurricane Katrina was so catastrophic when bringi ...
Thursday, August 29, 2019 / by Jordana Tobel
Here are some insurance tips to help you both before and after the storm.
Read your policy carefully and ask questions long before a storm approaches. Does it cover wind damage?
Insurance laws change from year to year. Check the “Exclusions” portion of your policy for recent changes.
Review the “Duties After Loss” section of your policy. Failure to follow the provisions in this section could result in non-payment on your legitimate claim.
Update your policy so your home is insured for whatever it costs to replace it, including your possessions. Find out how much coverage you have for Additional Living Expenses in case you have to live away from home while your home is repaired or rebuilt. Older homes that don't meet current building codes must be upgraded, which increases the cost of rebuilding them.
Be certain your agent is reputable and knows local building codes, welcomes questions and is willing to explain things clearly.
Don’t wait. ...
Friday, August 09, 2019 / by Jordana Tobel
What’s More Important: Listing Price or Listing Timing?
When selling their home, many sellers mistakenly believe they need to time the listing of their home, rather than focusing on listing the property at the right price.
The Fallacy of Timing
Especially in South Florida, real estate is considered a seasonal industry; however, the truth is, in today’s world, timing is less and less important. Why? Because today’s buyers and sellers are increasingly connected no matter where they are in the world. Even if a buyer is cruising somewhere in the Mediterranean, they have access to the internet, to either look at homes, sign a contract or simply stay in touch with what is happening in the market.
Here’s the reality: our business goes all year round. There are no rules when it comes to timing a listing. Yes, buyers with children try to close before the school year, but then again after the school year starts, more people head to Florida for the weathe ...