Palm Beach County Real Estate Blog

Getting a Mortgage So You can Buy Your New Home

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.

  1. Check your credit on a free credit score site like...

The International Impact on South Florida Real Estate

The International Impact on South Florida Real Estate

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%


Lisa and Ashley Treu featured Florida Realtor Magazine!

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.

Treu Group Real Estate featured on cover of Florida Realtor Magazine

 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: 


The Gloves are Off - Buying versus Renting

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...

Things to Consider When Buying a Home

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...

Don't Be Fooled...Not All Approvals Are Created Equal

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...

Tips For Buying a Home

"Tips For Buying A Home."  The latest real estate show on In WJNO, as hosted by Treu Group Real Estate and Brian Mudd offers Tips for Buying a Home.  In the latest episode, "Tips For Buying a Home," Lisa Treu talks about what you should know before buying your home. If you are buying a home, or in particular, buying your first home, this episode contains essential information that you should know.

"Tips For Buying a Home" includes everything from tips on saving up for a down payment, to advice on building your...

Which Countries are Buying Real Estate?

Have you heard the buzz about the international buyers in Palm Beach County? I am sure you are wondering where the buyers are coming from and why this is such a big deal.

The Top 5 Countries buying in The US:

  1. China
  2. Canada
  3. United Kingdom
  4. Mexico
  5. India

10% of all properties purchased by international buyers are over $1,000,000. Many buyers are looking for luxury retreats so when international buyers increase their interest in the US, it is a plus to the luxury real estate market. The extra benefit is 44% of international buyers pay in cash.  

Palm Beach Real Estate is still affordable compared to many resort areas in the world so it continues to be attractive to buyers. It is a great place to buy to enjoy our amazing weather and the lifestyle is great too.


4 Reasons that Can Cause your Deal Not to Close

There are 4 reasons that most deals fall apart and many can be avoided.  During the Contract to Close Phase (the time between when your offer is accepted and closing) is critical to making closing day possible.  

A good general rule of thumb is to first check with your lender before making a change that will impact your financial situation.  Better safe than sorry as they say.  Here are a few things to consider.

1.  Employment - Do not change jobs without getting approval from the lender.  A new job may be ok however if you are changing industries or locations it might impact your mortgage approval.  Certainly don't quit your job.  Thinking that you have your approval and it doesn't matter is a huge mistake.  The lender will do a last minute verification of employment and...

Loan Modifications and Your Equity

Loan Modifications and Your Equity

Did you do a loan modification during the real estate crisis? If you did you certainly were not alone.  The loan modifications helped many people avoid foreclosure during the real estate bust. Some loan modifications reduced the amount a homeowner owned on their home which also lowered payments. Many did not understand the terms of the reduction and still don't today.  

Now that many communities have become stable, homeowners are wanting to take advantage of the opportunity to sell.  That makes sense for many that have not been able to with the lack of equity.  We have heard stories of some homeowners having to pay up to 20% of the gain to the lender.  

Not all loan modifications used the same approach so it is important to pull out your...