Treasure Coast Real Estate Blog

June 3, 2020

Relocating to Stuart, Florida

Greater Stuart, Florida Relocation Guide

For those who enjoy outdoor recreation and appreciate an area with natural beauty, the greater Stuart area is a perfect choice for your Florida relocation offering a casual lifestyle with access to a major metropolitan market.

Stuart, Florida Relocation Guide

Real Estate in Stuart, Florida

The U.S. Census Bureau estimates that over 43 million Americans will relocate this year alone. A significant number will be moving to and from Florida – particularly the Stuart area of the Treasure Coast, which offers an unspoiled natural environment that creates the quality of life that many of its residents seek. For those who enjoy outdoor recreation and appreciate an area with natural beauty, the greater Stuart area is a perfect choice offering a casual lifestyle with access to a major metropolitan market. Learn more

Whether you are moving to Stuart from your home up North or points south, we can get you through the complicated real estate process without breaking a sweat. We will not only find you that desirable beach property, boating community, golf community, or equestrian community, we also represent your best interests and negotiate the most favorable terms possible for your purchase. 

Let us be Your Search Engine

Even if you know the difference between Stuart, Palm City Hobe Sound, and Jensen Beach, finding a property that suits your Real Estate needs and tailored to your lifestyle can be a daunting task. There are multitudes of real estate agents competing for your business. An Internet search for “Stuart Florida Real Estate” yields hundreds of real estate web sites with properties and selling and buying tips galore. You could spend days and weeks scrolling through real estate listings and driving through neighborhoods to find the perfect home – or you could ask us to do the looking for you! We offer a full range of relocation services, beginning with an extensive client consultation and ending with a successful transaction.

Don’t Buy a Home Without our Assistance!

Relocation can be a very stressful process for you and your family. The time and effort required to get things done can be overwhelming. We understand what you are going through and can handle much of the work involved to help you through this experience – at no cost to you. We are knowledgeable in all aspects of real estate for buyers, sellers, and relocation. Why not put our experience to work for you?

Predecision Services

If you are relocating to the Treasure Coast for career purposes, our predecision services will help you evaluate your living situation before accepting a relocation assignment. Predecision counseling includes an analysis of our local real estate market, a review of destination area costs, and a tour of potential homes.

Short Term Housing

Looking to rent? Contact us for furnished or unfurnished Stuart, Florida rental homes, villas, and condos available for annual lease or short term rental. We offer a great selection of home rentals located in the heart of the Treasure Coast, convenient to Stuart area restaurants, theaters, golf, beaches, and shopping as well as West Palm Beach and Orlando area attractions. Learn More

Feel free to contact us with your real estate questions. Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, no obligation.

 

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

 

June 3, 2020

How to Choose a Good Condo

Stuart FL CONDOS

How to Buy a Condo in Stuart, Florida

If you're looking to take advantage of the current real estate market in Stuart, Florida, a condo can be a great choice for a first-time or downsizing buyer.

So how do you choose a good condo? Seek ownership in a well-maintained building, and pay special attention to the financial health of the condo association. Lax maintenance may be a sign of financial trouble, which could result in higher maintenance fees and problems trying to resale the property later.

Things to consider:

  • Get a copy of the latest financial statement from the condo association.
  • Ask the board of directors – which is elected by the unit owners from among themselves – if major repairs or improvements are imminent.  If so, find out how much they will cost and whether there is enough money in the reserve to cover them.
  • Check the rules and regulations and by-laws as well as the covenants, codes, and restrictions (CC&Rs). You may find, among other things, that they prohibit or restrict pets and the renting of units.  Some may require that the board have the right of first refusal on the sale of any unit.
  • Learn everything you can about the homeowners association, including legal disputes and conflicts.  Start by reading the minutes of the association meetings.
  • Find out the owner-to-tenant ratio.  Because many condominiums are often purchased as investments, there could be a high percentage of tenants in the building.

Reprinted with permission from RISMedia. ©2015. All rights reserved.

 

Feel free to contact us with your real estate questions. Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, 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 team of experienced agents serve South Florida and the Treasure Coast, including  Stuart, Hobe Sound, Palm City, Port Saint Lucie, Jupiter, Tequesta, and the Palm Beaches.

 

 

 

June 2, 2020

5 Tips for a Better Relocation Visit

Relocating to Stuart, Florida: How You Visit Matters

Are you considering a move to Stuart or the Treasure Coast area? Maybe you're trying to make the choice between two or three potential options. If so, how you visit your future home can have a dramatic impact on which one makes the final cut.

By making a few subtle shifts in how you prepare for your visit to Stuart (and how you spend your time while you're in town), you can gain more useful insight into our community.

Tip 1: Stay a week if possible
While a long weekend might be your only shot, you can get a much better perspective on a place if you have enough time to unwind. A mix of weekdays and a weekend is a great way to get a view of the rhythm of Treasure Coast lifestyles. If you have a long time to plan, visit us in Summer as well as Winter.

Tip 2: Find a short term rental
Renting for several weeks or months will not only provide you a little more room and the facilities of real living space, but you'll get a better sense of what it might be like to really be here."

Tip 3: Explore some on foot
Driving aimlessly can be a good "survey" technique (and indeed, getting lost is a good idea, too), but walking neighborhoods and downtown districts will give you a vivid sense of the community.

Tip 4: Get the local low-down
Before you go, find friends-of-friends on Facebook and other social media sites who can give you an idea of the must-see places that locals love. Use this list as your guide, not the tourism brochures.

Tip 5: Pay attention to what matters to YOU
Remember: You're the one thinking of living here. Don't let what others see as the main benefit to the town be what guides your decision to live here. Go with your gut, your values, and your comfort level!

By the way, I'm glad to help you sell your home prior to the move, or refer you to a trusted agent in your present city. Just get in touch!

Posted in Home Buying, Relocation
May 27, 2020

Homes With Pools Near Stuart, Florida

Pool Home

Dive into these homes with pools in Hobe Sound, Jensen Beach, Palm City, Stuart

Feel free to contact us with your real estate questions. Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, no obligation.

 

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

 

 

 

Posted in Home Buying
May 18, 2020

Top 10 Tips for Florida Real Estate Investors

Successfully Investing in Florida Real Estate

In the long run, real estate has proven to be a reliable choice for investors. While no investment is without risk, these top ten tips will help you avoid some of the pitfalls of real estate investing.

Top 10 Tips for Florida Real Estate Investors

 

  1. Get Educated


    Knowledge is the new currency. Without it, you are doomed to follow other people’s advice without knowing if it’s good or bad. Educating yourself will help take you from being a “good” investor to becoming a great investor.

  2. Set Goals


    Setting clear and specific investment goals becomes your road map and action plan to become financially independent. You are far more likely to achieve financial independence by identifying specific and individualized goals than not doing anything at all. Your goals can include the number of properties you need to acquire each year, the annual cash-flow they generate, the type of property/location, and even the rates of return required.

  3.  Never Speculate


    Always invest with a long-term perspective in mind. Never speculate on quick short-term gains in appreciation, even in a hot market with double-digit increases. You never know when a market will peak, and it’s usually six to nine months after the fact when you find out. Don’t chase appreciation. Rather, only invest in prudent value plays where the numbers make sense from the beginning.

  4. Invest for Cash-Flow


    With few rare exceptions, always buy an investment property with a positive cash-flow. The higher, the better. Your cash-on-cash return is directly related to the before-tax cash-flow from your property. Cash-flow is the “glue” that keeps your investment together. Your equity will grow over time (through appreciation and loan amortization), while the cash-flow covers the operating expenses and debt service on your property.

  5. Be Market Agnostic


    The United States is a vast country made up of hundreds of local real estate markets. Each market moves up and down independently of one another due to many local factors. As such, you should recognize that there are times when it makes sense to invest in a particular market, and times when it does not. Only invest in markets when it makes sense to do so, not because you live there or you bought property there before. There’s an element of timing, and you don’t want to buck the trend.

  6. Take a Top-Down Approach


    Always start by selecting the best real estate markets that align with your investment goals. Most investors start by analyzing properties with little to no regard for their location, which can be a big mistake if you don’t consider the investment in light of the market and its neighborhood.

    The best approach is first to choose your city or town based on the health of its housing market and local economy (unemployment, job growth, population growth, etc.). From there you would narrow things down to the best neighborhoods (amenities, schools, crime, renter demand, etc.). Finally, you would look for the best deals within those neighborhoods.

  7. Diversify Across Markets


    Focus on one market at a time, accumulating from 3 to 5 income properties per market. Once you’ve added those 3 to 5 properties to your portfolio, you would diversify into another prudent market that is geographically different than the previous one. Typically that means focusing on another state.

    One of the underlying reasons for diversification within the same asset class (real estate), is to have your assets spread across different economic centers. Every real estate market is “local,” and each housing market moves independently from one another. Diversifying across multiple states helps reduce your “risk” if one market decline for any reason (increased unemployment, increased taxes, etc.).

    Even if you don’t live in Texas, you can invest in the Houston Real Estate Market, which is becoming a hotbed of buyer activity that could be beneficial for real estate investors. Just ask the multitude of overseas investors who are choosing Houston as the city of choice to invest in for the foreseeable future.

  8. Use Professional Property Management


    Never manage your properties yourself unless you run your own property management company. Property management is a thankless job that requires a solid understanding of tenant-landlord laws, excellent marketing skills, coupled with strong people skills to deal with tenant complaints and excuses. Your time is valuable and is better spent on your family, your career, and looking for more property.

  9. Maintain Control


    Be a direct investor in real estate. Never own real estate through funds, partnerships, or other paper-based investments where you own shares or other securities of an entity you don’t control. You always want to be in control of your real estate investments. Don’t leave it up to corporations or fund managers.

  10. Leverage Your Investment Capital


    Real estate is the only investment where you can borrow other people’s money (OPM) to purchase and control the income-producing property, which allows you to leverage your investment capital into more property than buying using “all cash.” Leverage magnifies your overall rate-of-return and accelerates your wealth creation. As long as you have the positive cash-flow and your tenants are paying off your mortgage for you, it would be foolish not to borrow as much as possible to buy more income property.

Contact Us today to schedule a free consultation. Whether buying or selling a single property or an entire portfolio, we are always happy to meet with you to discuss your wants and needs, no obligation.

April 9, 2020

Buying a Home, From Home

House Hunting From a Safe Social Distance

As our nation deals with the threat of COVID-19, you can still take advantage of all-time low-interest rates while doing much of the home buying process from a safe social distance or even the comfort of your home.

Buying a Homes, From Home

Online home searches have been around for a while, but tech-savvy Realtors are adapting to the new normal by offering their clients innovative ways to buy a home safely, from practically anywhere. Here's how we can help when it comes to buying a home during the Coronavirus pandemic.

Virtual Tours

Staying home? Many MLS listings already include video tours with property photos. However, these videos often miss features that may be important to you.

If you want to see every detail, ask for a live virtual tour of your favorite property. We're happy to preview homes you are interested in by offering a live virtual tour using Facetime, Zoom, or WhatsApp, among others, to tour a home room by room, without you physically stepping onto the property. You can ask questions at any time during the live video tour. Leveraging virtual tours enable you to narrow down your house choices, selecting what's worth an in-person visit.

Email Notes, Seller Disclosures, and More

Often, there are seller disclosures and notes associated with a listing that are not available to consumers. We can email you details about your top listings as well as local information about schools, neighborhoods, and market reports.

Private Showing

When it comes time for an in-person visit, we can set up a private showing subject to local regulations and procedures. We ensure that the property is ready to show, and no other potential buyers are viewing the home at the same time.

Still a Great Time to Buy

Right now, it feels like things keep changing from one minute to the next. That makes it hard to predict what will happen with real estate tomorrow, and even harder to know what might happen a year from now. But with interest rates at an all-time low and fewer competing buyers, it is a great time to buy! And with today's technology, much of the process can be done from your home.

Ready When You Are

In times like these questions abound - mortgage rates are historically low, but is it worth it to refinance? Is it still a good time to buy? What is my home worth now? We're available to answer any questions you might have during this time of uncertainty.

Whether it’s about buying, selling, refinancing, or if you’re just curious about the state of the market. we have the technology and experience to help you navigate a rapidly evolving market, plus we can connect you to mortgage professionals who will create a plan for you.

Be it today, tomorrow, or six months from now, we're prepared to offer you dedicated, extraordinary service when you’re ready. Please feel free to reach out with any questions.

 

Feel free to contact us with your real estate questions. Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, no obligation.

 

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

 

 

 

April 4, 2020

New Townhomes in Hobe Sound FL

Heritage Enclave, located next to the Heritage Ridge Golf Club in Hobe Sound, Florida, is a collection of 50 boutique townhomes, many with a preserve or lakefront view. These well-appointed residences feature three or four bedrooms with two or three baths. Amenities include a community pool with clubhouse and paid access to the Heritage Ridge public golf course. Learn More

Heritage Enclave is just 30 minutes to West Palm Beach via I-95 and less than 15 minutes to local beaches, shopping, dining, and Historic Downtown Stuart. Learn More

Heritage Enclave

Showings by appointment or virtual tour during COVID-19.

Heritage Enclave • US1 & Heritage Blvd • Hobe Sound, FL 33455
March 15, 2020

Are You an Accidental Landlord?

The odds are that if you own a rental property, you acquired it deliberately as an investment after careful planning and research. But many owners of income properties did not choose to be landlords. These “accidental landlords” could be someone who ended up with two homes after getting married or inherited a house from a family member and decided to take advantage of a hot rental market.

Stuart Rental HomesIn some cases, a house may have little or negative equity. Renting it out while the property appreciates may be an option and can help prevent foreclosure.

Becoming an Accidental Landlord

If you've become an accidental landlord, congratulations! Income property can be a highly profitable investment that offers both long-term and immediate returns. But it’s important to remember that regardless of how you ended up with your income property, it’s vital that you manage your investment to ensure that it generates the best returns possible.

Seek Professional Help

I am not talking about seeing a psychiatrist (your friends may suggest this). But if you are about to become an accidental landlord, you must understand the process, including how to screen prospective tenants, prepare a lease, and understand tenants’ rights about repairs, collections, and evictions. While this may seem overwhelming at first, professional help is available. A Realtor experienced in procuring tenants, coupled with a competent property manager and real estate attorney, can minimize the stress of renting out your property, which is essential if you are out of town or plan to relocate.

Talk to Your Accountant

Often rent that a property will generate will not cover the total monthly overhead of owning the asset. Still, this negative cash flow may provide you with a valuable tax deduction. Also, as the value of your home rises (along with the rent), cash flow can go from negative to positive. Be sure to talk to your accountant to discuss the benefits of owning an income-producing property.

Update Your Insurance Policy

Updating your insurance should be one of the first things that you do when becoming a landlord. Rental insurance is very different from homeowner’s insurance, and you’ll want to ensure that you consult your insurance carrier to tell them that the property has become a rental.

Tenant Screening

Screening is crucial when it comes to procuring a tenant. Tenant screening can be outsourced and should include credit, eviction, and criminal background checks, as well as nationwide eviction, sex offender, and criminal reports. The tenant typically pays for a screening report as part of the application process.

Run the Numbers

Do your research and find out what the fair market rent is for your property. You should also calculate your expenses, which include such items as maintenance, taxes, and utilities (if applicable), vacancies, insurance, and property management fees, to name a few.

Assemble Your Team

Having a team of professionals in place can help minimize problems along the way. Be sure to select local real estate experts who will fill your vacant rental and manage the process.

 

Feel free to contact us with your rental property questions. Whether buying, selling, or renting a home, we are always happy to meet with you to discuss your wants and needs, no obligation.

 

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

 



March 9, 2020

Searching Homes Online

Maximizing the Web in Your Real Estate Search

Search Homes Online

Before selecting a real estate agent or buying a home, most consumers head to the Internet first. Over 70% of those buyers found their home using a mobile device.

Researching homes and real estate agents online can get you ahead of the game when it comes to narrowing down your options. But with so many sites and sources to choose from, an online search can be exhausting…and sometimes futile. Here’s a guide to help you navigate the web when searching for a home or real estate agent.

The online open house never closes: All major real estate brokers have websites that showcase their listings. You can search by town, price range, number of bedrooms, etc. As important, a broker or agent IDX enabled site (Internet Data Exchange) gives you granular access to every active listing via a direct feed from the local MLS, which is continuously updated.

You can also leverage the search tools available through major home listing portals such as Zillow and Realtor.com. These digital open houses give buyers a good sense of what the house looks like…and they’re open 24/7.

Searching for a real estate agent: While a referral from a trusted friend or colleague is a great way to find an agent to work with, be sure to dig deeper. Search for the suggested agents on Google and social media sites like Facebook and Twitter to find out more about them and their online presence. This will help you get a feel for who they are as a person and how they conduct business, including how they use social media and other online venues to search or market homes.

Need to sell first? A great way to find an agent to list your home is to look at properties on the market in your area. Find homes similar to the one you are trying to sell and search for those listing agents online—they’ll usually have a personal website. Once you’ve narrowed down potential agents, be sure to meet with them in person and ask specific questions related to your needs.

Do your homework: To ensure you won't be disappointed or become emotionally invested in a new home for sale that is out of your price range, get pre-approved for a mortgage loan. The last thing you want to do is fall in love with a property and realize that you can't afford it. Online mortgage calculators can help you get a sense of what you can realistically afford.

Sources: TreasureCoastHomeSales.com, AOL Real Estate

 

Feel free to contact us with your real estate questions. Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, no obligation.

 

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

 

 

 

March 1, 2020

New Townhomes in Hobe Sound

Discover Heritage Enclave of Hobe Sound

50 Well-Appointed 3 and 4 Bedroom Townhomes in Hobe Sound, Florida

Heritage Enclave is a collection of 50 brand new 3 and 4 bedroom units priced from the $270s. Located at US1 & Heritage Boulevard in Hobe Sound, the model is open daily 12-4. Info 772-675-2268. Learn More

Heritage Enclve of Hobe Sound

Heritage Enclave of Hobe Sound

Feel free to contact us with your real estate questions. Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, no obligation.

 

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



 

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