Treasure Coast Real Estate Blog

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.  

April 22, 2017

Keller Williams Team Invests in Success

How Zillow's Premier Agent Program Supports the Slifkin Team

Eric Slifkin is a Treasure Coast real estate team leader who uses a stock-market-like system to manage leads for his agents. Slifkin, a licensed real estate professional since 2003, sits at a desk with a bank of computer monitors to ensure prompt response to client inquiries. He watches as leads from Zillow, Trulia, and his own property search sites flow across the screens as buyers and sellers explore listings. As leads come in, Slifkin assigns each one to whichever agent he thinks is best-suited for the job, making sure his best people are working on the best opportunities.

There’s no doubt, though, that a team leader finds activities like this tedious at best. But Slifkin manages the process by leveraging systems designed by Zillow specifically for real estate teams. Eric recently joined Zillow's Premier Agent program, which offers a suite of tools to support his team of six agents and the hundreds of home buyers and home sellers who visit his sites every day.

This includes, among other tools, the Zillow Concierge Program, which uses Zillow employees to qualify phone leads before the call gets routed to an agent. The Zillow concierges ask leads if they’re interested in buying or selling and whether they’re already working with a real estate agent. If the lead is a valid buyer or seller who doesn’t have an agent, the Zillow employee will ask to transfer the call to the next available agent.

Zillow Concierge leads are also routed to Slifkin for review. If he decides that the agent who’s claimed a lead might not be the best fit for that particular consumer, then he can move that lead to a different agent.

Eric has been using Zillow's Premier Agent Concierge Program for more than a year, but he’s most excited about Team Profiles, Zillow's latest enhancement that lets consumers view team members' profiles right on the Zillow site. “Our agents can showcase their skills and personal reputation on their team profiles. This enables consumers to understand who they are connecting with on a personal level.”

Slifkin understands that building a real estate team requires an ongoing investment in the best talent, tools, and systems to improve his business and help his agents succeed. His team is a top producer in Keller Williams' Treasure Coast Market Center, having completed over 100 transactions in 2016.

 

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 News
April 6, 2017

Before You Buy, Inspect!

Personal Photo Your Resource to local real estate information
Buying a home is one of the most important purchases you will make in your lifetime, so you should be sure that the home you want to buy is in good condition. A home inspection is an evaluation of a home's condition by a trained expert. During a home inspection, a qualified inspector takes an in-depth and impartial look at the property you plan to buy. The inspector will review the readily accessible exposed portions of the structure of the home for potential problems. Key areas of focus include:
  • Roof

  • Attic

  • Walls

  • Ceiling

  • Floors
  • Windows

  • Door

  • Basements

  • Foundation
  • Heating/air conditioning systems

  • Interior plumbing

  • Electrical Problems
Home inspections are not intended to point out every small problem or any latent defect in a home. Most minor or cosmetic flaws, for example, should be apparent to the buyer without the aid of a professional.
During the Home Inspection 
While not necessary, it is recommended that the buyer be present for the inspection. This allows the buyer to observe the inspector, ask questions directly, and obtain a better understanding of the condition of the home, how its systems work, and how to maintain it. The written report may be easier to understand if the buyer was present during the inspection. It is important that safe access and sufficient lighting is provided so that the inspector can inspect the property.
 

Spending Hundreds May Save You Thousands 
While not necessary, it is recommended that the buyer be present for the inspection. This allows the buyer to observe the inspector, ask questions directly, and obtain a better understanding of the condition of the home, how its systems work, and how to maintain it. The written report may be easier to understand if the buyer was present during the inspection. It is important that safe access and sufficient lighting is provided so that the inspector can inspect the property.

 

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 Buying
March 4, 2017

Earnest Money Mistakes

 

Earnest money is a great way to show a seller you’re serious about the offer you’re making on their home. By placing a portion of what amounts to your down payment on the table to demonstrate your commitment to follow-through on the contract, you’re saying “I love this home and I’m ready to go.” But there’s a real risk involved: If you make a mistake, you might just be out a chunk of cash.

Ways to Avoid Burning Your Home-Buying Bankroll in Lost Earnest Money

1. Make sure it’s the home you really want. Seem obvious? Sure. But it’s easy to get swept up in the moment. Recognize that you’re about to enter into a legally binding contract and that the money you’re risking will hurt if you change your mind. While you may not be able to drag your feet on the decision, check your gut to see if there are any reservations lurking there before you go all in.

2. Don’t sacrifice contract contingencies. Don’t let your desire for a home cause you to blindly remove contingencies which are built into contracts to protect buyers. Common ones include loan contingencies, title search issues, appraisal, and insurance obstacles. Waive these at your own peril. 

3. Avoid committing to a home “as is.” If you’re putting earnest money on an offer for a foreclosed home, don’t be too eager to accept any problem the home may have. Take the time to understand the home’s issues before you write the offer.

4. Read the contract timelines. Look at closing dates and other dates related to the process leading up to closing. Violating the timeline could cost you your earnest money as well. 

5. Ensure you have recourse to get some or all of your earnest money back. If the sale doesn’t gel, you and the buyer will need to sign a document voiding the agreement. Don’t sign this until you understand how it will impact your earnest money refund. The seller’s title can be negatively impacted if you don’t sign off, so keep your leverage handy until you’re sure you’ve been fairly treated.

Ready to buy? Protect yourself and your down payment by playing smart with your earnest money. If you have questions or concerns, ask your agent to help you understand everything in plain language! 

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.

 

Jan. 28, 2017

Jensen Beach Open House Sunday 1-4

2044 NW Winterberry Trail, Jensen Beach, FL

GATE ACCESS: 772-209-2373

OPEN HOUSE January 29, Sunday 1:00 PM - 4:00 PM

$ Click for current price
3 BEDROOMS | 3 (3 full ) BATHROOMS | 2717 SQUARE FEET

Great home for entertaining! Like new CBS home with an open plan, huge patio and unique ''L'' shaped salt-water pool. This Kolter built ''Bermuda'' model is situated on nearly a half acre lot with preserve areas front and back. Inside features include a great room with vaulted ceiling, large kitchen with granite counters, stainless appliances, and island with breakfast bar. The en-suite master offers his/hers walk-in closets, soaker tub, separate shower, and commode. Other highlights include a formal dining room, den (or possible fourth bedroom), and separate laundry room (washer/dryer do not convey). Outside features include a screened lanai, professionally landscaped and fenced yard, 3 car attached garage, impact glass, plus pest control system, and underground irrigation.

Presented By:

Eric Slifkin

Team Leader
Keller Williams Realty
772-288-1765
Licensed In: Florida
License #: 3068299

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Posted in Open House
Oct. 3, 2016

8 Tips to Boost Your Home's Value

Ready to Sell? Here are 8 Ways to Boost Your Home's Value

Updated systems and surfaces – Central air conditioning and updated mechanical systems, including water heaters and gas heat, can increase a home’s value by 3 to 5 percent.  A newer roof and hardwood flooring are also much in demand.

Allowance for aging in place – As people are living longer and the number of senior citizens continues to increase, buyers see the long-term value of walk-in showers, comfort-height toilets, and master bedrooms on the main floor.

Color and light matter – Fresh paint, natural color schemes, and window treatments that let in the light will improve the look as well as the value of your home.

The great outdoors – Up your home’s curb appeal by keeping lawns and shrubbery neatly trimmed. Also, high on buyers’ wish lists are a water-smart yard, a deck or patio, and a built-in grill.

Smart technology – Some high-tech features may lose value as technology continues to evolve. But security systems, whole house generators, and programmable thermostats controllable by smartphones will add value for their efficiency and convenience.

Your home is likely to be your greatest investment, so making steps to boost its value will pay off in the long run.

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.