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In search of the perfect family home?

August 16, 2016 by gailmarcarelli Leave a Comment

Tight inventory could extend spring selling season

The perfect family home in Jupiter
WASHINGTON – Aug. 15, 2016 – In many Florida school districts, kids are already heading back to school after the summer break. While households with children commonly strive to buy a home in the late spring to get settled in before the new school season starts, rising home prices and a lack of homes for sale may mean more families have been forced to continue their house hunt into fall.
“Despite recent industry reports to the contrary, busy families require hands on attention and unparalleled transaction and local market knowledge and regularly turn to full-service agents, who provide a broad range of services and manage most aspects of a home purchase and sale,” says National Association of Realtors® (NAR) President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida.
The median days on market to find a buyer was 32 days in May (the shortest time on record) and 34 days in June. In Florida, it took an average of 41 days in June, according to Florida Realtors’ research department.
Fewer and faster selling houses on the market translate into more pressure to make quick decisions, and despite advances in online real estate information and technology, most consumers still prefer buying and selling a home through a real estate professional. While more than 8 in 10 buyers worked with an agent to purchase a home last year, according to NAR’s 2015 Profile of Home Buyers and Sellers, agent use is even higher among buyers ages 36 to 50 (87 percent) and 35 and younger (89 percent) – the demographics most likely to have school-aged children.
“Buyers with children have a slightly harder time finding the right property, likely because of their desire to purchase a home that best meets their family’s needs or is in their preferred school district; 53 percent of families with children cited finding the right property as the hardest step in the buying process compared to 50 percent of buyers without children,” says Salomone.
In many cases, families are looking to move because their current home is too small (cited most at 29 percent for families with children at home compared to only 9 percent with no children at home); a job relocation (23 percent), or a change in their family situation such as birth of another child, marriage or divorce (12 percent). The typical homebuyer with children bought a 2,100-square-foot detached single-family home with four bedrooms and two full bathrooms.
Nearly 80 percent of recent sellers worked with an agent that provided a full range of services; only 9 percent received a limited set of services and 12 percent of sellers worked with an agent to list their home on the multiple-listing service and received few if any additional services. Sixty-two percent of sellers with children at home negotiated their agents compensation compared to 68 percent of sellers with no children at home.
When choosing a buyer’s agent, parents with children under 18 at home want someone who can provide more mobile-ready, easy-to-access information; 71 percent said it was important when choosing an agent that he or she sends postings as soon as a property is listed or its status changes; sends property info and communicates via text (59 percent); sends market reports on recent listings and sales (55 percent); sends emails about specific needs (56 percent); and has a mobile site to show properties (30 percent).
When it comes to seller’s agents, twice as many parents with children at home needed to sell their home urgently compared to those with no children at home (24 percent compared to 12 percent), perhaps to time transactions around the school season. It makes sense then, that sellers with children at home placed a higher priority on selling their home within a specific timeframe (22 percent) and help pricing it competitively (19 percent); compared to sellers with no children at home (20 percent and 15 percent, respectively).
Busy parents also rely more on referrals for finding their seller’s agent: 46 percent of sellers with children at home first found their agent through a referral from a friend, neighbor or relative, compared to only 40 percent of sellers with no children at home.
When it comes to the home search, buyers who have children under the age of 18 living in their home said that the quality of the school district and convenience to schools was a strong influencing factor of their neighborhood choice. Recent buyers with children cited quality of the school district as an influencing factor (at 50 percent compared to 11 percent with no children in home), as well as convenience to schools (at 46 percent compared to 6 percent).
“If you are thinking of buying or selling a home this fall, don’t be intimidated by the market or process while kids are back in school; overall, the fundamentals of the market are strong,” says Salomone.
For charts about families with children who are buying or selling a home, visit NAR’s website or view here:
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© 2016 Florida Realtors®

Search for the Perfect family home for sale in Jupiter

  • Under $200,000
  • $200,000–$400,000
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  • $3,000,000–$5,000,000
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Filed Under: News from National Association of Realtors, Uncategorized

6 Tips For First-Time Homebuyers

July 25, 2016 by gailmarcarelli Leave a Comment

If you’re a first-time homebuyer, you’ll have a much easier time finding and financing your next home if you follow these tried and true tips

  1. Hire an experienced Realtor®: Buying a first home is a complex process. Your Realtor will assist you through the hurdles of neighborhood searches, comparing homes, making an offer, inspections and appraisals, as well as help you identify the best values.
  2. Check and repair your credit: Banks use your credit scores to make lending decisions, so make sure your credit is accurate and deficiency-free. Order your credit reports and scores by visiting http://www.annualcreditreport.com so you can make repairs, if needed.
  3. Get pre-approved: To get pre-approval, you have to apply for a loan and share your income, work history, debts and other information. Your lender will confirm your down payment source, interest rate, type of loan and loan term. Only then will you know exactly how much home you can buy.
  4. Check out federal, state and local government incentives: To learn about first-time home buyer programs, see: grants.gov or hud.gov. Click on Housing Authorities to find out what’s being offered in your community.
  5.  Prepare to compromise: There’s no perfect home, so you’ll have to prioritize your wish list. Older homes often need cosmetic work so expect to pay more for a home in pristine move-in condition.
  6. Make a long-term investment: Equity is built over time, so plan to occupy your home for several years or more. Your home is also an investment in happiness and that can be the best deal you ever make.
  7. Download this handy Homebuyers Guide: [ddownload id="29295"]

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For Sale By Owner Owner (FSBO) Steps for Success

July 14, 2016 by gailmarcarelli Leave a Comment

Thinking about going it alone?

Are you tempted try a For Sale by Owner (FSBO) transaction because your local community is in the midst of a sellers’ market and you think they can sell easily without help. Or do you want to try the FSBO route  to maximize your profits and avoid paying a commission to a Realtor?
Even though, statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket your  experience with a For-Sale-By-Owner may be contrary to what others have experienced. According to the National Association of Realtor’s 2015 Profile of Home Buyers and Sellers, the average FSBO sales price was $174,900, while the average price for a home represented by an agent was $215,000, a difference of $40,100. If you want to go it alone, here are some tips that may help you achieve results similar to what a Realtor may.

20 Steps to Achieve Success with a FSBO

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Title Insurance

June 28, 2016 by gailmarcarelli Leave a Comment

Helpful Information on Title Insurance

When you buy a home, you want to be certain that it is safely yours. But even the most diligent search of the public records could fail to disclose a number of title defects such as a forged will or deed, a title transfer by someone under age, a married person conveying real estate without his or her spouse, fraudulent impersonations, undisclosed heirs, invalid divorces, false affidavits. The list of potential problems that can surface goes on. Without the protection of title insurance, you’ll be in jeopardy of losing your investment.
A title search is a detailed examination of the historical records concerning the real property. These records include deeds, court records, property indexes, name indexes and tax records, among others. The purpose of the search is to verify the sellers right to transfer ownership, and to discover any claims, defects, rights or burdens affecting the property.
Title insurance is required in the state of Florida. Buyers who obtain a mortgage will be required to purchase a mortgage title policy. Both of our affiliate companies offer our clients the lowest state-allowed rates on title insurance.
__________________________________________________________________

HomePartners Title Services
Kim Nichols
561.723.2042
knichols@homepartnerstitle.com
__________________________________________________________________

James Cioffi
(561)745-0030
james@jcclaw.com
_________________________________________________________________

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You may also contact us via email dshiber@ipre.com or by phone 561.815.2496.

We believe that our business is about more than just real estate: it’s about taking care of people. At Illustrated Properties, family doesn’t need to stop at the front door – we will treat you like one of our own.

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The Shores of Jupiter Market Update | May 10, 2016

May 10, 2016 by gailmarcarelli Leave a Comment

The Shores of Jupiter

There are currently 5 houses for sale and 11 under contract in The Shores of Jupiter.  See the chart below for the latest activity in this market.
The Shores of Jupiter Market Update - May 10, 2016 The Shores of Jupiter Market Update – May 10, 2016[/caption]
The Shores of Jupiter is an established neighborhood zoned for Jupiter’s A-Rated schools. It is conveniently located to I-95 and the Florida Turnpike. The Loxahatchee River, Florida’s Intracoastal and beautiful natural beaches and parks are within 4-10 minute drive. The homes are affordable in this well-maintained community with the price of 3-5 bedroom homes ranging from the high-300ks to the high-500ks. Most of the homes were build in the late 1980s to the early 1990s many have been updated, some have not. Those that have not been updated offer a more affordable price point and opportunity to buy in the highly-sought-after community.
See more about The Shores of Jupiter.
 

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Homes for Sale in The Shores of Jupiter

Call to schedule an appointment to tour available homes: 561-809-6746.

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Filed Under: Home Purchase, Jupiter, The Shores of Jupiter, Uncategorized

The Shores of Jupiter Market Update | March 16, 2016

March 16, 2016 by gailmarcarelli Leave a Comment

The Shores of Jupiter at the beginning of the New Year.

There are currently 6 houses for sale and 6 under contract in The Shores of Jupiter.  See the chart below for the latest activity in this market.
The Shores of Jupiter is an established neighborhood zoned for Jupiter’s A-Rated schools. It is conveniently located to I-95 and the Florida Turnpike. The Loxahatchee River, Florida’s Intracoastal and beautiful natural beaches and parks are within 4-10 minute drive. The homes are affordable in this well-maintained community with the price of 3-5 bedroom homes ranging from the high-300ks to the high-500ks. Most of the homes were build in the late 1980s to the early 1990s many have been updated, some have not. Those that have not been updated offer a more affordable price point and opportunity to buy in the highly-sought-after community.
See more about The Shores of Jupiter.
 

 The Shores of Jupiter Real Estate update

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Homes for Sale in The Shores of Jupiter

Call to schedule an appointment to tour available homes: 561-809-6746.

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Filed Under: Home Purchase, Jupiter, The Shores of Jupiter, Uncategorized

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