Treasure Coast Real Estate News

Articles on Our Housing and Real Estate Markets

Sept. 11, 2021

Affordable Renovations That Increase Home Value

Introducing Potential Buyers to Your Home Starts at the Curb and Your Entryway

Affordable Renovation That Increase Home ValueIntroducing potential buyers to your home starts at the curb and your entryway. Creating a cohesive home puts your best foot forward. When you’re preparing your home to sell you want to create as much neutral space as possible, so buyers can imagine themselves and their belongings in your home. If you’re interested in selling, let me know!

Download this Free guide (no registration): Curb Appeal 101


This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach Eric at 772-288-1765. 

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? With his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

#thehelpfulagent #home #houseexpert #house #listreports #homeowner #homeowners #homestyle #diy #homediy #hometips #realestateagent #realtor #realestate

 

 

Sept. 9, 2021

What Property Search Sites Can't Tell You

What a Property Search Site Can't Tell You - But an Agent Can

Online is great and all, but when it comes to false advertising and misleading information you should try seeing a house in person or virtually. It’s easy to hide things in photos and you don’t want to be fooled.Proprty Search Tips

False Advertising and Misleading Information

Is that "fixer-upper" more of a "knocker-downer"? Is your new home really that close to necessities? These concerns, among others, are pretty important that can be explained in sometimes misleading ways.

When you’re shopping for your next home you’ll want to work with an agent who understands the local market and has actually seen and toured the home.

Download this free guide (no registration): Questions to Ask When Buying a House


This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach Eric at 772-288-1765. 

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? With his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

#thehelpfulagent #home #houseexpert #house #listreports #homeowner #househunting #homeowner #themoreyouknow #icanhelp

 

Aug. 30, 2021

How to Get the Most Out of a 1031 Exchange

Defer Your Capital Gains, Master the 1031 Exchange, and Grow Your Property Investment Future

If you're a homeowner or property investor, you've likely heard of a 1031 exchange. A 1031 exchange is when a property owner "swaps" one property for another of equal or greater value in order to defer the capital gains tax accumulated on the original property.

1031 Exchange Guide

There are many rules involved in 1031 exchanges, and both buyers and sellers need to understand the intricacies of 1031 before actively trying to benefit from this process. Download our guide to learn about the 1031 Exchange including:

  • How a 1031 Exchange works,
  • Important rules for a 1031 Exchange
  • Common misconceptions of Section 1031
  • Download the Guide

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach Eric at 772-288-1765. 

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? With his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

Aug. 29, 2021

Increase Your Home's Worth

Affordable Home Renovations That Increase Your Home Value

Introducing potential buyers to your home starts at the curb and your entryway. Creating a cohesive home puts your best foot forward. When you’re preparing your home to sell you want to create as much neutral space as possible, so buyers can imagine themselves and their belongings in your home. Affordable Home Renovations to Increase Your Home Value

If you’re interested in selling, let me know! #thehelpfulagent #home #houseexpert #house #listreports #homeowner #homeowners #homestyle #diy #homediy #hometips #realestateagent #realtor #realestate

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach Eric at 772-288-1765. 

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? With his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

Aug. 11, 2021

About Those "We Buy Houses for Cash" Companies

Cash OfferWhat's the deal with those "We Buy Houses for Cash" companies?

In today's real estate market, homes stay on the market for about 25 days on average before going under contract. That's better than back in 2010 when homes were averaging 140 days to sell, but it's still not fast, and there's no guarantee that your home will sell in 25 days. Location, season, and many other factors affect how quickly you can sell a home.

If you need to sell your home quickly, those "We Buy Houses for Cash" billboards, and Instant Offeprograms may have caught your eye. But, can you really sell your home as-is in just a few days?

A bag of cash?! Thanks! Who are they?

"We buy houses for cash" buyers are not your typical buyer looking for a home to live in or rent out. Instead, they are real estate investors looking to make a quick profit.

As such, they are looking to purchase a home for the lowest price possible, fix it up as needed, and sell it on the open market a short time later. These types of investors can make a huge profit on a home in just a few months.

Who do they target?

These cash buyers are looking for motivated or desperate sellers. For example, let's say you listed your home, but the listing eventually expired without resulting in a sale. At this point, you would probably be contacted by a cash buyer. They're hoping you'll be discouraged by your failure on the open market and will be willing to sell your house for cash at a reduced price.

In the same vein, cash buyers go after people in situations that require a fast sale, such as divorce, bankruptcy, foreclosure, and probate sales.

Are there benefits?

For many people in situations such as these, selling a home quickly might be the number one priority, despite the potential to maximize return. And selling to a cash buyer certainly is fast.

The typical financed purchase takes about 30 days to close. In addition, appraisals, contracts, and other procedures take time, and they must be done before funds are released.

Cash buyers don't have to deal with that. They'll typically come to your home within a day or two of you contacting them and make an offer on the spot or soon after. They often process the sale in-house and have a title company at the ready to clear the title.

Cash buyers also eliminate the inspection and objection process by simply buying a home "as-is." your house will sell in only a few days- you'll be turning over the keys.

Sounds easy enough. What's the catch?

Say goodbye to any profits and probably the equity that you've built up in your home. The offer that cash buyers make is often suspiciously just enough to pay off your mortgage. You will likely only receive 50-80% of the market value.

80% of market value might seem like it's worth it to avoid the hassle of going the conventional route, but the average is more like 65% of market value.

Another reason to be extremely careful with these types of companies: scams. Phony investors have all sorts of tactics and tricks to extort money from desperate sellers. You don't want to lose money, or worse, your home, to save time.

In short, if you are considering selling your house to a cash buyer, do your research first. Selling a home to get out from under it isn't the only alternative you have. There are other, more profitable options.

Are you thinking of selling, but do you need a buyer now? Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, with no obligation. Contact Us or call 772-678-1600 for more info on our purchasing partners. 

Eric Slifkin, a Broker Associate, is the founder of the Slifkin Team at Keller Williams Realty. Eric and his experienced agents serve South Florida and the Treasure Coast, including  Stuart, Port Saint Lucie, and the Palm Beaches.

 

 

Posted in Home Selling Guide
July 17, 2021

Are You Ready to Buy a House?

It’s the American dream. And many of us feel at least a little bit anxious about buying our first home. How do you know you’re really ready? It’s a huge life decision! 

Understanding your finances, how to not be house poor, and other important tips that ensure you are financially ready to own a home. You may want to. It may be your dream. But, are you really ready to buy a house? Our home buying guide provides important tips (like not to be house poor).

Are you ready to buy a house?

Are You Ready to Buy a House? Our guide provides important tips and topics. What you will learn:

  • How Much Can You Afford? (Debt-to-Income Ratio)
  • What Lenders Are Looking For
  • Downpayment 
  • The Housing Market
  • Download Now (no signup)

 

Contact Us to schedule a free consultation. Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

Eric Slifkin, a Broker Associate, is the founder of the Slifkin Team at Keller Williams Realty. Eric and his experienced agents serve South Florida and the Treasure Coast, including  Stuart, Port Saint Lucie, and the Palm Beaches.

 

 

July 10, 2021

Homes Near the Beach

Find a Home Near the Beach in Greater Stuart, Florida

Beachfront Condos

About Stuart, Florida

Stuart, Florida, sits on the banks of the Saint Lucie River, boasting a remarkable amount of shoreline for its size. The ocean is about 5 miles east of town, offering visitors and residents a host of recreational options, including deep-sea fishing, swimming, and kayaking.

The greater Stuart area offers some of the finest beaches on the east coast. Beach access ranges from individual strips that allow for more private spots to enjoy the surf and sand or larger, guard-protected areas like Stuart Beach, Bathtub Beach, and Jensen Beach.

There is a wide variety of communities and neighborhoods in Stuart, Florida, within minutes of Stuart area beaches and recreation. Housing options include everything from modest condos and townhomes to villas and estate homes in gated subdivisions.  Homes Near the Beach →

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? Together with his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

This post has been authored by Eric Slifkin, a Broker Associate at Keller Williams Real Estate and the founder of the Slifkin Real Estate Team. Eric and his experienced agents serve South Florida and the Treasure Coast, including  Stuart, Hobe Sound, Palm City, Port Saint Lucie, Jupiter, Tequesta, and the Palm Beaches.

 

July 6, 2021

Discover Joe's Point in Stuart, FL

Waterfront Homes and Club Communities

Joe's Point

Joe's Point affords waterfront living in a private setting yet is just minutes from historic downtown Stuart, and all the area has to offer. Come home to a secure gated community with only 49 residences situated on a private peninsula. Neighborhood amenities include a gated entrance with a winding landscaped drive, tennis, R/V, boat storage, a community dock, and a private beach with gated access.

Coming Soon

Updated Beach House With all the Extras

This contemporary bi-level pool home is designed for entertaining with upper and lower-level living areas, 4 bedrooms, 4 1/2 baths, and a professional Viking kitchen.

4040 Joe's PointEnjoy wide water views from the expansive deck, relax on your own private beach, or fish from the deeded dock, complete with utilities and a 16,000 LB lift. Call 772-678-1600 for more info.

 

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? With his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

Posted in Neighborhoods, News
June 19, 2021

The Ins and Outs of Selling an Inherited Home

Inherited Property

Navigating the Maze of Inherited Real Estate

Selling a home can be a challenge, even in ideal circumstances. Add in the stress of losing a loved one and a complicated probate process, and you have a perfect storm for frustration. Acknowledging that the sales process will be vastly different from a typical home sale will help you put the pieces in place and move through the process as quickly as possible.

Read on for:

  • Executors and probate: estate terminology
  • Inherited property: fix it up

  • Inherited property: selling as-is

  • Pro tips for selling as-is

The dense language associated with legal processes can seem overwhelming. Understanding basic terminology surrounding estate management can help demystify the process.

The Executor: Before any action can be taken, those involved must determine who is authorized to oversee the sale of the inherited property. An executor is an individual appointed to carry out the instructions laid out in the will of the deceased. This role typically falls on a lawyer, accountant, family member, or court-appointed administrator.

Probate: Probate is the process of ensuring the will of the deceased is both legal and properly carried out. This includes verifying inherited properties go to the right heirs. An individual with a legitimate claim to a property can contest the will or file a petition in probate court.

Inherited property: fix it up

Inheriting a house presents both financial and emotional challenges. If a named heir decides to keep the home, they take on financial obligations like property taxes, mortgage debt, and maintenance costs. If the heir decides to sell the home, they may be responsible for all furniture, fixtures, and belongings inside of the home. Those considering fixing up a property in pursuit of a traditional sale should be aware of the following:<

  • The heir can distribute the contents in the home by selling them, donating them, or discarding them before fixing the property up to sell it. This option may yield a higher return on the sale but can be time-consuming. Fixing up an inherited property may also require initial out-of-pocket expenses from the heir.

  • When an individual inherits a property, the IRS establishes a fair market value for the home known as a step-up basis. This amount applies to future taxes upon the sale of the property. The heir will need to pay capital gains taxes on the difference between the step-up basis at the time of inheritance and the home’s selling price.

Inherited property: selling as-is

In the event that the heir decides to list the home in as-is condition, it’s understood that all furniture, fixtures, and belongings inside the home are included in the sale. When deciding between pursuing a traditional sale or listing a home as-is, it’s helpful to consider the following:

  • The heir is not responsible for making repairs or emptying the home of its contents prior to listing or selling in as-is condition. It is advisable, however, to repair any known safety hazards.

  • Selling the home as-is may be the best option for those who simply need to sell the property fast. It’s also a good option when dealing with the contents of the home is simply too overwhelming, or if the heir lacks the resources for renovations.

  • Investors interested in flipping the property may be willing to buy the home for cash. On average, house flippers aim for a 10–20% profit margin from flipped properties.

Probate Professionals

Pro tips for selling as-is

When listing a home in as-is condition, it’s helpful to determine who the target buyers are. Those in search of a fixer-upper are typically willing to do light repair work themselves, rather than major renovations. If the seller is willing to put in minimal time and effort, they can likely aim for a slightly higher listing price by focusing on the following:

  • Invest in small repairs, like broken windows, doors, or worn trim.

  • Patch any holes in the walls.

  • Update doorknobs and cabinet hardware.

  • Clean windows, counters, and floors and wipe down appliances.

  • Clear away outdoor clutter and spruce up the yard to increase curb appeal.

Selling a home on your own can be a complicated process, no matter the circumstances. Whether you decide to fix up an inherited property for a traditional sale or to sell in as-is condition, an experienced realtor can help you navigate the process from start to finish.

If you have questions about selling an inherited property, give me a call! I’m always happy to help with expert tips and advice.

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach Eric at 772-288-1765.

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

We offer home sellers and buyers a turn-key approach to managing their real estate needs from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

Posted in Home Selling
May 17, 2021

Slifkin Team Invests in Success

Keller Williams' Slifkin Team Invests in Search Engine Marketing Program

Eric Slifkin is a Treasure Coast real estate team leader who uses a stock-market-like system to manage his agents' leads and clients' expectations. 

Slifkin, a licensed real estate professional since 2003, has equipped his office with a bank of computer monitors set up to provide a bird's-eye view of everything he needs to see to ensure prompt response to client inquiries. He watches in-bound leads from Google, Facebook, 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 team member 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 an online marketing system specifically designed for his team, which drives thousands of home buyers and home sellers to his sites every day.

Leads flow from search engine results pages (SERPS) and other digital marketing venues into Slifkin's lead management system, where they are qualified by him or an inside sales assistant (ISA) before being routed to an agent. They confirm if a lead is 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 ISA will transfer them to the next available team member.

Slifkin Team

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

Managing Technology

Eric has been a tech-savvy Realtor for nearly 20 years, but he’s most excited about his latest site improvements including team profiles, which lets consumers view members' bios right on the 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 has also improved the site's property search tools, which now pull the newest listings and stats from the region's top MLS boards.

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, closing over 100 transactions annually while providing a high level of personalized service to their clients.

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach Eric at 772-288-1765. 

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? With his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

Posted in News
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