International buyers are making a difference in Palm Beach and it is expected to continue for the next few years. Florida is the #1 place for international buyers looking to purchase and the gap between #1 and #2 continues to grow.
Canadians are one of the reasons that international activity has increased. Two years ago, Canadians spent 8.9 Billion (a record low) and only a year later they had invested up to 19 Billion in real estate. That increase has made a huge impact in some areas in South Florida.
Why have they been buying more properties in Florida? Places like Toronto have seen incredible increases in real estate values allowing for them to have access to a lot of equity. What better way to enjoy the additional equity...
Are you thinking about buying a more expensive home? Did you serve our Country and have VA financing benefits? One thing that many buyers don't know is that there is not a cap on financing with your VA loan. Really? Yes really.
With your VA loan, you can get a loan for $424,100 with 100% financing. That is pretty amazing. So what happens if you want to buy a home for more than $424,100. Out of luck? Have to put the difference down as a down payment? I have great news for you, no you don't.
So here is the concept of how it works:
$424,100 is 100%
Above $424,100, the rule of this is that Veteran needs to pay $0.25 for every $1 above.
So if you are buying a $600,000 home here is an idea of what the numbers would look like:
Purchase price $600,000
Difference between $600,000...
Millenials have a new challenge to buying their first home with increased student debt and less opportunities for earning income. Saving money for a down payment and closing costs have become a real challenge for many first time home buyers. 38.4% of millennials are living at home between the ages of 18-34.
So what is the solution? The first advice I alway give is your 1st home likely won't be your dream home. The goal is get into the real estate market. Making good decisions is critical with an ideal on your exit strategy. Yes, you need to think about moving when you are buying. That does seem odd right? It is not actually. Will you sell it? Or will you rent it? Why does this matter? It matters because it might impact the type or area that you purcase in.
The challenge for many first time home buyers is...
Manalapan has the honor or being the 2nd most expensive zip code to buy a home in the United States. Last year they were number 1. Manalapan Florida is the only Florida zip code that made the list of the top 10 Most Expensive Zip Codes. The majority of the other Top 10 Most Expensive Zip Codes were in New York or California.
Why do luxury buyers love Manalapan?
1. The ease to fly in and out of to enjoy the Manalapan residence. Whether this is a primary home, seasonal home or weekend retreat, getting in is easy with both private and 3 international airports 15-60 minutes away. You have many options when traveling from your Manalapan home.
2. The weather is perfect. If you are looking for a place to escape winter for a few days or the entire season, this is the ideal locaiton. With warm days, comfortable...
If you are like most buyers, you will be obtaining a mortgage. It is a critical step in obtaining the keys so you can move into your new home. So what is the big deal? Getting a mortgage is step one of making your dreams come true.
Florida is number 1 for mortgage denials. This isn't something that we want to be #1 in as it means that buyers and sellers are disappointed and closings don't occur. 17% of applicants get denied. Wow, that is a big number. Imagine that you have found a home you love, you're already decorating in your mind and packing only to hear NO.
So what do you do if you want to buy a home to have your loan approved? There are steps to improve your chances of having your loan approved.
- Check your credit on a free credit score site like creditkarma.com....
The international impact on our South Florida real estate market makes me think of "It's a Small World After All". If you have been to Disneyworld, that song probably started going in your head. In South Florida, that is a great theme song for our real estate market.
Florida has become a favorite with International Buyers and is the #1 place that they are investing their money.
Top States for International purchased
Florida - 22%
California - 15%
Texas - 10%
Treu Group Real Estate is absolutely honored to be featured in Florida Realtor Magazine! Ashley and Lisa are even featured on the cover! Giving back is one of Treu Group Real Estate's Core Values.
Ashley and Lisa Treu are featured in an article about Treu Group Real Estate's charity work, and how to get your team involved in the community. We were inteviewed on how other companies can make a difference in their local community. We feel that it is important to give back to make a difference in the community that you serve. We have been successful with getting others to join in on our community events. The full article is included below:
It is time to duke it out. In one corner is renting and in the other corner is buying. So who will win this battle? What is the right choice for you? Here are the things that you need to consider when thinking about Palm Beach County real estate.
1. Where you are in your life?
Are you ready for the responsibility of owning a home? Will you be ready to handle maintenance issues instead of just calling the landlord when something goes wrong.
2. How long do you plan to stay?
A recent study notes that it takes less than 2 years for owning to make sense over renting. So if you're planning on moving in a year or two, then staying a renter is the better choice. If you are looking to stay 3-5 years,...
There are 4 things to consider when buying a home in Palm Beach, Florida. The 4 things are especially if this is your 1st home, 1st home in a long time or your 1st home in Florida.
Things to consider when buying a home:
1. Many buyers think a home inspection is a guarantee or warranty. That is not the case and if you think that you will be shocked after closing. The purpose of the inspection is to find what is visible and defective at that time. If something is hidden, like behind a wall, the inspector is not going to be abie to find the issue most likely. You will want to look at the inspection report so you are aware of the ages of the mechancial items in the house so you know what you will need to plan for as far as repairs or improvements in the future.
2. Plan for expected and unexpected repairs. If this is your 1st home, you are likely...
Don't Be Fooled...Not All Approvals Are Created Equal. Pre-approval is an important part of any real estate transaction, whether you’re buying or selling. For both buyers and sellers, it’s important to understand the lending side of the deal, since this is what really determines whether a deal can make it to the closing table which is what all buyers and sellers want.
If a lender hasn’t completed an accurate pre-approval process, the deal will fall through which disappoints 100% of the time. It’s important to have a good understanding of the difference between a pre-approval and a pre-qualification. A lot of the issues that can cause a deal to fall through can be avoided by completing an in-depth pre-approval before making your offer. Treu Group Real Estate provides a buyer consultation before we go to look at homes, so...