Treasure Coast Real Estate Blog

July 10, 2017

Home Appreciation Facts

Your Home Newsletter

A home generally appreciates in value between 3 and 4 percent each year, but not every home appreciates equally. While every market is different—and appreciation is naturally affected by factors homeowners can’t control— there are certain home features that create greater appreciation than others. Realtor.com did some research, analyzed millions of listings over the past five years and here’s what they found:

Home Appreciation Facts

Read More: Tips and Trends for Homeowners, Buyers, and Sellers

 

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.

July 3, 2017

New Townhomes in Hobe Sound, Florida

Discover Martin County's newest townhome community! Register now to get property information, construction updates, available homes, and more.

Posted in New Homes
July 2, 2017

Home Buying FAQ's: What is a Final Walkthrough?

What is a Final Walk Through and What Should I Expect?

The purpose of the walkthrough inspection is to be sure that the home you are buying is in the same condition as the date of the contract, making sure that all warranted items are working properly and that repairs identified during the inspection period have been properly completed. Here are a few things to look for:

1. Working appliances

Turn on the dishwasher, the oven (and the oven light and fan), and burners. Does the garbage disposal run?

2. Working Plumbing

Turn on every faucet and shower head in the house and then turn them off. Also, flush all the toilets to make sure there are no leaks.

3. Major Systems

Turn on the central heat and central air. Are they working? Stick around the house long enough to actually feel that the temperature has changed and that you’re not just hearing and feeling the fan blowing.

4. Remotes and Keypads

If your home has a home security system, does every keypad work? Check the garage door opener – does it work? If some rooms have fans operated by remote control, are the controls there? Many homeowners unwittingly pack remotes when they move, so make sure everything you need is in place.

5. Exterior Review

Check steps, sidewalks, driveways, and patios for any noticeable change. Look at all doors and windows to verify they are in the same condition. Check the roof for changes. Double check garage, garage door and exterior lights.

6. Landscaping

It might sound crazy to think the seller could take some outside plants with them, but it happens. Check your home’s yard to see if anything is missing. Also, if there’s an automatic irrigation system, make sure it’s in good working order as well.

7. Lights and Other Fixtures

Make sure all lights and switchplates are in place. Make sure that every light and switchplate that should stay in the house is actually there. Do bathroom fans and kitchen fans work properly? Verify that all smoke detectors and carbon monoxide detectors are functioning.

8. Repairs

The sellers may have been required to make certain repairs or upgrades before closing. Make sure that the inspection repairs have been completed properly during this last walkthrough.

9. Pool

If the property has a pool, is the pool clean? Is all of the pool cleaning equipment there? Do you understand how the pool systems work? If the seller hasn’t demonstrated how to work the pool equipment or you haven’t owned a pool previously, paying a pool contractor for a service call to explain how to maintain the pool will be a worthwhile investment.

10. Cleanliness

Sellers are required to leave the house broom swept and free of their possessions. Make sure the home, the garage, the yard, and any outbuildings are empty and clean, unless specified otherwise in your contract. This is especially important when it comes to large or hazardous items; you don’t want to be stuck having to remove them yourself.

If you are unable to attend the final walk through, you may have a family member or trusted advisor be there in your place.

 

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.

 

June 23, 2017

New Townhomes for Sale at Heritage Ridge in Hobe Sound

Discover Heritage Enclave in Hobe Sound, FL

Brand New Townhomes for Sale in Hobe Sound, Florida

Heritage Enclave Townhomes in Hobe Sound

Heritage Enclave is the only new townhome construction currently underway in the Stuart area. These are three and four bedroom units with up to 1,900 square feet, one-car garages, and situated adjacent to the Heritage Ridge golf course. Priced from the $250's, non-binding reservations are being taken with construction scheduled to start July 2017. Visit www.heritageridgetownhomes.com for more info. OPEN HOUSE THIS SUNDAY, 6/25/17 FROM 1-4

Posted in Lisitings
May 29, 2017

Making Your Home Green

Infographic: Here are four things you can do to make your home more green while saving money!

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.

 

Posted in Home Ownership
May 17, 2017

Townhomes for Sale in Stuart, Florida

River Glen, Stuart, FL 34997

Featured Listing: Brand New Townhome in River Glen, Stuart, FL 34997

River Glen is one of Stuart's newest townhome communities. This gated subdivision is situated along the South Fork of the St. Lucie River offering three bedroom townhouse designs with one or two car garages, and preserve or water views. Residents are minutes away from I-95, local beaches, golf courses, and "A" rated Martin County schools as well as the shopping, dining and cultural activities of Historic Downtown Stuart.  More listings

 


Overview
Maps
Photos
Features
Description
/>
$285,510
Townhouse
Main Features
3 Bedrooms
2 Full Bathrooms
1 Half Bathroom
Interior: 1,616 sqft
Year Built: 2017
Location
544 SW Glen Crest Way
Stuart, FL 34997
USA
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This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.
Posted in Lisitings, New Homes
May 14, 2017

Guide to Buying a Home: Down Payment Comparison

Ready to buy a home? See what your monthly mortgage principal and interest payments would be with various down payments for a 30-year term: 

Loan Comparison

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.

 

May 8, 2017

Generation Trends in Real Estate

Understanding Generational Trends is Important When Selling or Buying a House

In helping clients buy and sell homes, it’s easy to see the biases and behaviors of a wide range of generations. From Boomers downsizing who feel their home has “enough curb appeal, thank you” to the Millennials who share Instagram photos of properties seeking friends’ comments, there’s a lot to learn. Conversely, some young buyers don’t understand a 30-year mortgage, while many a gray head can school you on 11% interest rates. 

Understanding Generation Trends in Real Estate

Sharing a Generation’s Wisdom

Recently I learned of a story of PBS Newshour about a housing community in Oregon where families who adopt foster children live side by side with seniors who volunteer their time in exchange for affordable rent. With 15% of seniors living below the poverty line, this story of a solution to senior housing and creating a stable environment for children was particularly inspiring.

One of the benefits that emerged from the situation was the way in which foster parents, children, and seniors from different generations interacted and shared their experiences with one another. The children and young refreshed the seniors’ worldview, while the seniors had a lot of perspectives to share with the parents and the children. Find the PBS story here: https://goo.gl/WaCZaI

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.

 

May 6, 2017

What’s a Pocket Listing?

Home Selling

Have you ever wondered what a “pocket listing” is? Learn a little bit about this trend in hot markets and how an agent familiar with pocket listings can help you sell your home faster or find homes which haven’t hit the market yet.

If you’ve been searching for a home or have been considering selling your home, you may have heard the term “pocket listings” from real estate agents or even friends and family. What is a pocket listing? Where did the term come from? How are pocket listings being used today to buy and sell homes?

Pocket listings are homes which are for sale but not yet widely advertised or entered into typical MLS databases. Often an agent will enter into an agreement to sell a home, but will first reach out to their personal and professional network to see if anyone may be interested in a quick, private purchase. Ideally, the agent knows someone or another agent who has a client interested in the home and the whole process of listing and marketing the home is bypassed.

Originally, pocket listings were typically used for extremely high-end luxury properties with a limited pool of buyers, or with celebrities or other buyers/sellers who wished to avoid any publicity surrounding their transaction. But that’s changed a lot in the past few years, especially in competitive markets where there are eager buyers and relatively little desirable inventory.

You might think pocket listings would restrict the sale price of the home. After all, won’t a good home publicly listed attract lots of buyers, resulting in competitive bids? It depends. Once a home is listed in an MLS database, the home is officially on the market. The longer a home sits on the market (i.e. the higher its “days on market” number is), the greater the possibility the home will see price reductions or low-ball offers.

The pocket listing can be a very useful tool for exploring the level of interest in a home. A savvy agent with a good network will often reach out to their database in order to get a sense of whether the listing has real potential. It’s also a great way to drum up excitement about a house, especially if the agent conducts small, exclusive broker showings of the pocket listing.A pocket listing also gives a wary home seller the chance to see if it’s likely the home will sell for a price they can accept.

Experienced agents with deep connections in the community are the go-to choice if you’re interested in discussing the possibility of buying or selling via the pocket listing approach. 

Thinking of listing quietly? Want to see if there are any homes out there which are just about to come to the market? I am happy to help you navigate a pocket listing situation. Get in touch today!

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.

May 5, 2017

Renting vs. Buying a Home

Buy or Rent?

Are you doing the math these days around renting versus buying a home? Trying to decide if you can afford to buy? If so, you’ve probably Googled one of the many “rent versus buy” calculators out there to help you get a handle on your budget.

True, they’re helpful, and they can also help clue you into things like insurance expenses and property taxes, but they overlook a number of key factors in the decision.

1. A mortgage is a surefire way to build wealth. Provided you don’t buy more home than you can truly afford, your mortgage is like a mandatory savings account. A portion of your payment each month is going straight into your equity in your home. With renting, it’s your landlord who is building equity, not you. 

2. The tax situation has profound implications, especially in expensive markets. Until the laws change (and there’s little probability they will anytime soon), your mortgage interest and property taxes are deductible on your income taxes. In expensive markets, this can represent massive deduction. (Also remember: Early on in a traditional mortgage you pay the most in interest and your deduction is the highest.) 

3. Renting puts your wallet at the mercy of the market more often than buying. If you have a year-long lease in an apartment, your rent could go up significantly should the rental market heat up. Your rent isn’t likely to stay the same over a long period of time. In most cities, in fact, it will steadily go up. With a standard mortgage, however, your payments are fixed and predictable. It might seem like a lot at first, but if you buy within your means, it’ll seem like less and less of an expense as the years go on. 

4. A mortgage gives you more future financial flexibility. The longer you have a mortgage, the more equity you build. The more equity you build, the more options you have to borrow against that equity or use it in ways which may be advantageous for debt and tax purposes. With renting, no such long-term benefit exists.

The key here, of course, is accepting the fact that you must buy a home you can afford which is priced in accordance with the market. Even if you’re not ready today, having a conversation with a Realtor® will help you prepare for tomorrow.

How does renting look now? Should we have a conversation?

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.