RealtorGail

Real Estate in Jupiter and Beyond

The Pitfalls of Overpricing Your Home

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The Importance of Intelligent Pricing

Determining the best asking price for a home can be one of the most challenging aspects of selling a home. It is also one of the most important. If your home is listed at a price that is above market value, you will miss out on prospective buyers who would otherwise be prime candidates to purchase your home. If you list at a price that is below market value, you will ultimately sell for a price that is not the optimum value for your home. As Figure 1 illustrates, more buyers purchase their properties at market value than above market value. The percentage increases as the price falls even further below market value. Therefore, by pricing your property at market value, you expose it to a much greater percentage of prospective buyers. This increases your chances for a sale while ensuring a final sale price that properly reflects the market value of your home.
Percentage of Buyers by Asking Price
Another critical factor to keep in mind when pricing your home is timing. A property attracts the most attention, excitement and interest from the real estate community and potential buyers when it is first listed on the market (see Figure 2). Improper pricing at the initial listing misses out on this peak interest period and may result in your property languishing on the market. This may lead to a below market value sale price (see Figure 3), or, even worse, no sale at all. Therefore, your home has the highest chances for a fruitful sale when it is new on the market and the price is reasonably established.
Activity versus Number of Weeks on the Market
The Effect of Overpricing on Sales Price
 
We can give you up-to-date information on what is happening in the marketplace and the price, financing, terms, and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.

How much is your home worth?

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Pool Homes in Jupiter and Tequesta under $400k

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Are you in the market for a pool home under $400k in Jupiter or Tequesta? Here are four to consider.
Pool home in jupiter

Ridgewood Homes

11 Pinetree Circle, Jupiter

This 3 bedroom/2 bath home is renovated from top to bottom! Impact windows, Heating/AC system and tile floors throughout. Real wood Shaker style cabinets in the kitchen, stainless steel appliances, crown molding and recessed lighting accent this bright open and inviting space. In ground propane with existing lines available for gas appliances, grill and pool heater. Outside enjoy your enclosed private freshly landscaped backyard with your own private in ground 20’X 32′ pool. Ample space on either side of the home for boat or RV parking.
Learn more about this Jupiter pool home here »

Listing courtesy of Illustrated Properties

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Jupiter pool homeJupiter Heights

3456 Palm Circle, Jupiter

This updated 3 bedroom/2 bath home is located in a boating community just east of US Hwy 1 and the Village of Tequesta. The community has access to a canal with boat slips available for rent.
Learn more about this Jupiter pool home here »

Listing courtesy of Real Estate of Florida

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Cove Point Pool Home for sale

Cove Point, Tequesta

9523 SE Cove Point

Cove Point is a small riverfront community on the Loxahatchee River. It is just north of Tequesta Country Club, south of Riverbend Country Club and west of Turtle Creek. This three-bedroom, two-bathroom home offers a remodeled kitchen with stainless steel appliances, granite counter tops, gas range, and tumbled French Travertine floors. Features include split floorplan, sky lights, central vac system, front loading washer and dryer, fully enclosed backyard with wooden fence. Over-sized, detached 2 car garage and in-ground pool with child safety fence. The exterior was recently repainted.
Learn more about this Tequesta pool home here »

Listing courtesy of Keller Williams Realty Jupiter

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Tequesta Pool Home for sale

Jupiter Ridge, Tequesta

19982 Gardens Drive

This charming home offers 3 bedrooms with 2 full baths on a large corner lot. Launch your paddle board or kayak from the nearby Jackson Riverfront Pines Natural Area. Features include tile floors throughout, in-ground solar heated pool, private backyard, 1 car garage, a car port and plenty of room for boat or RV parking in the extra large driveway. Close to Florida’s scenic Intracoastal.
See more about this Tequesta pool home »

Listing courtesy of Illustrated Properties/Jupiter

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See More Pool Homes in Jupiter for Under $400k »
See More Pool Homes in Tequesta for Under $400k »
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Learn more about Jupiter here »
Learn more about Tequesta here »
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Moving? How to break it to the kids.

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You have just found the perfect home for you and your family. Your next challenge is to prepare your kids to for the move the new home, new neighborhood and new school. How can you keep the drama to a minimum?

Five steps to ease the pain when moving with kids.

The younger the child, the less able he or she is to “see into the future.” Children tend to focus on losing what’s familiar, and they worry about missing friends and family. Before you sit down to tell your children about an upcoming move, prepare a comforting strategy:

  1. Let your children know, step by step, what is happening and what is likely to happen next.
  2. List all the advantages in the move. For example, will the family be closer to a favorite person, place, or activity? Will your children be able to see old friends and family?
  3. Share as much as you can about the new home, such as where their rooms and baths are and special features like a new playroom or swimming pool.
  4. Introduce your children to their new home online and in person, if possible. Show them where schools and parks are, and other points of interest to help them orient themselves in their new surroundings.
  5. Be ready for “What about me?” questions. Contact organizations for information about ways to continue your child’s special interests. Knowing they won’t have to give up favorite hobbies or sports goes a long way toward helping children adjust to a new environment.

Your preparedness will go a long way in reassuring your children that their needs are being considered, even while big changes are happening around them as your family prepares to move into a new home.
Tequesta Intracoastal
See what the Town of Jupiter and the Village of Tequesta have to offer your family.

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Renters: Now may be the time to buy a home in Jupiter

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Waterfront homes in Jupiter

The Shores of Jupiter is just one of the great communities in Jupiter where you can find some great home values.

It is now on average 47% cheaper to buy than to rent for 5 years assuming a 4.8% interest rate, 15% tax bracket in the West Palm Beach area.*
So renters, it may be time that you take the Homebuyer Challenge. To help you understand the financial impact of buying vs. renting, I have gathered some tools and articles that may help you decide if the time is right for you.

Now may be an especially good time to buy a home in Jupiter.

  • According to Realtor.com you could save more than $200,000 over 30 years:
    $217,726: That’s What You’ll Save (Give or Take) If You Buy a Home Now
  • Sun Sentinel states that even with the rising cost of homes, it is a still a more cost affective to own a home than rent one in South Florida as rents increase as home prices rise. Buying a home still beats renting.
  • Trulia has an interactive map of the United States that allows you to adjust interest rates, tax rates and number of years you stay in the home.
  • Realtor.com also has quite a few Rent vs Buy calculators to help you get a clearer picture.
  • To learn more about buying a home, read this article by Amy Fontinelle on Investopidia.com. Amy has some great advice on how to meet the Homebuyer Challenge head on.
  • You can use the following calculators to get a general idea of the financial benefit of home ownership and how much you can afford to pay for a home.

Rent vs Buy Calculator

MortgageLoan.com

How much House can you afford?

MortgageLoan.com

* Rent vs. Buy: Which is Cheaper for You?
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Sold for $275,000 – Jupiter, FL, near the Loxahatchee River

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1508 Venus Ave, Jupiter, FL

This immaculate 2-bedroom home is nestled within an incredible tropical garden. Located just north of the Loxahatchee River in Jupiter, its location is great for watersports enthusiasts. You can bring your kayak or paddleboard down to the river or Intracoastal for a relaxing evening paddle or ride your bike to the beach and enjoy the surf and sand. If motorized boats are your preference, there’s plenty of room to store one in the side yard. You can enjoy happy hour or morning coffee on the patio in the large fenced backyard. Listen to the sounds of nature while relaxing on the porch swing. This home is move-in ready with quality upgrades. The kitchen has granite counters, stainless steel appliances, custom cabinets with drawer shelves.
Both bathrooms have upgrades; pedestal sink and stone shower in guest bathroom. The home is freshly painted in tasteful colors and features ceramic tile floor in kitchen, one bath and Florida room with terrazzo throughout the remainder. A/C has extended warranty. Florida room is under air and looks out on your tropical oasis through impact glass window. During the cooler months, turn off the air and let the ocean breeze fill your home through the security screen door. The home also has accordion shutters and a wind resistant garage door with opener.
 
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Jupiter homes are selling in one day

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Jupiter homes are in demand. I listed a home Friday, and had offers on the table Saturday afternoon. I am certain there will be a contract by Monday evening. It is just a matter of which offer the seller chooses. This was achieved by pricing the home right, cleaning and staging the home, professional photography (I am also a photographer) and social media marketing. In the first hour of the social media campaign, the web page I set up for the home had over 200 views. It also helps that North Palm Beach County is experiencing a demand for existing homes that exceeds the supply. See this article from the Palm Beach Post. If you are planning on selling your home, now may be the time to put it on the market. Contact me for a listing consultation and learn about my listing package. 561-809-6746 or gmarcarelli@ipre.com.
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