Wednesday, February 10, 2021 / by Bridget Bass
If you're a buyer looking for a home in South Florida, don't wait. Inventory is low with no sign of improvement. Experts say that sales will continue to increase as much as 21.5% by December 2021. If you're a buyer, that means your competition isn't going to go away.
If you're considering waiting until the market cools, all signs say: No! The market isn't going to cool; in fact, it's going to continue strong. Buyers who are financially able to buy now, should.
Here are two reasons why you can't afford to wait:
1. Home values are expected to rise by 10.5% by the end of the year.
Let's say you buy a house today valued at $300,000. Same time next year, that house may be worth $331,500 or more!
2. Today's mortgage rates are low which means you can afford more.
Rates are starting to rise - which means the sooner you buy, the more likely you are to take advantage of lower rates. Lower rates means you can afford more of a home. For example, Zillow reports that today&rsq ...
Wednesday, October 7, 2020 / by Bridget Bass
There are some amazing perks to buying a new construction home: the opportunity for full personal customization, brand new appliances, amenities, and state-of-the-art home technology.
If you're in the market for a brand-new home and didn't think about hiring your own agent: YOU SHOULD! You could always go straight to the developer's agent, but you're definitely going to want an expert on your team who will represent your side of the deal. The keyword here is "expert". Purchasing new is an altogether different landscape to navigate than purchasing resales. Make sure your agent is equipped with the skills to protect your interests every step of the way.
The Builder's Agent vs Your Real Estate Agent
It is important to identify who is on what side and the role each person will play in the transaction. In a new construction deal, the builder plays a dual role also functioning as the "seller". That being said, the builder's agent's primary goal is to generate sales for the builder ...
Tuesday, January 21, 2020 / by Jordana Tobel
All legal Florida residents are eligible for a Homestead Exemption on their primary residence. Learn more by watching our video, just click the image below:
While it’s a complicated formula – you receive a tax exemption on the first and third $25,000 of the assessed value – the bottom line is that the average savings South Florida is between $600 and $1100 dollars in annual savings.
You are entitled to a Homestead Exemption if, as of January 1st, you have made the property your permanent home.
The deadline to file is March 2nd. In order to file, you must bring proof of ownership (such as the recorded deed) and proof of permanent Florida residence.
If you have any questions on how this works, feel free to email me directly or contact your Premier Listings Sales Associate. ...
Thursday, January 9, 2020 / by Jordana Tobel
Curious about what to do to get ready for your home purchase?
If it's finally time to put your rental days behind you, or perhaps you are selling your current home and looking for a new one, it's never too early to start planning.
Here are 5 tips to get ready for your purchase (if you prefer, watch the video version of this post here.):
1. Stay on top of your credit.
This is the number banks will look at to determine whether you are credit worthy and it dictates the rate you will be charged by the bank. The higher your credit score, the lower your interest rate—and that’s what you’re going for. Get a free copy of yours at AnnualCreditReport.com to see where you stand. AnnualCreditReport.com is the only source for free credit reports, every 12 months, authorized by federal law. Once you have your report, check for mistakes! It is very common to have mistakes and you can contact the credit bureaus directly to correct an error.
2. Figure out how much home you c! ...
Tuesday, November 5, 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.
What's Happening: Broward County ...