Treasure Coast Real Estate Blog

Read Articles for Home Buyers and Sellers

Discover valuable resources to help you make informed decisions and achieve your real estate goals. Scroll down to access a variety of informative articles.

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April 22, 2024

NAR Commission Settlement

Have you heard about upcoming changes in the real estate industry?

You may have seen news headlines recently about real estate agents and their commissions, and it can be confusing if you're keeping up with the discussions. However, what's important to understand is that the guidance and expertise provided by a reliable real estate agent are invaluable, particularly in today's world. Here's why:

Real estate agents provide invaluable guidance and expertise when buying or selling a home. They simplify complex processes, remove stress, and prioritize your best interests. A reliable agent delivers industry experience, provides expert local knowledge, explains pricing and market value, reviews contracts and fine print and negotiates on your behalf. They are specialists, educators, and negotiators who keep you informed and adjust to market changes. Choose an expert agent to help you make confident decisions on your home-buying journey.

What You Need to Know About the NAR Commission Settlement

Home buyers and sellers in Florida should be aware of the changes to the commission structure in the real estate industry as a result of the NAR Commission Settlement. Here are the expected changes:

1. Changing: Buyers must establish a Buyer's Representation Agreement with their agent before doing any home showings. This change means that only agents with an agreement with buyers can show properties, giving you more control over the process.

2. NOT Changing: Buyers and their agents will continue to set broker compensation upfront. Buyer broker compensation can be a percentage of the sale price, a flat fee, or a retainer. Broker compensation can come from either the seller or the buyer. Stabilizing the compensation process should give you confidence in your financial planning.

3. Changing: The listing agent cannot advertise buyer broker compensation on the MLS. However, agents can still advertise when a showing is confirmed or through direct email, calls, texts, or other avenues. This "decoupling" of compensation requires buyers and their agent representatives to agree on the services agents provide and how the parties will handle payment. The options for payment are mainly unchanged.

4. NOT Changing: Sellers can advertise closing cost compensation and funds available for buyer broker compensation and other buyer closing costs.

These are nominal changes, but the most significant change requires a buyer's representation agreement upfront. The Buyer-Broker Agreement is a positive change as it will ensure buyers genuinely understand their options before making an offer on a home.

We are always here for you and happy to help you navigate any further questions or concerns about your Real Estate needs.

April 18, 2024

Open Houses This Weekend

Check out our top open houses in Stuart and Palm City this weekend. Click below for more info on this week's featured open house listings, or call us at 772-678-1600 to learn more about homes for sale in Florida.'s Treasure Coast

 

Local Listings Near You!
 
Open House | Apr 20, 1:00 PM - 3:00 PM
 
 
6069 SE Oakmont Place, Stuart,....
 
3 Beds   3 Full Baths   3096 Sqft
 
View Listing
 
 
Open House | Apr 20, 1:00 PM - 3:00 PM
 
 
1560 SW Dyer Point Road, Palm ....
 
3 Beds   2 Full Baths   2709 Sqft
 
View Listing
 
 
 
View All Listings
 
 
 

 

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 Lisitings, Open House
April 18, 2024

Relocating to Stuart, Florida

Greater Stuart, Florida Relocation Guide

The greater Stuart area is ideal for your Florida move if you love being outdoors and surrounded by nature. This area is perfect for those who enjoy a relaxed lifestyle and easy access to West Palm Beach and Orlando attractions. 

With its stunning natural beauty and abundant recreational activities, you'll never run out of things to do in this lovely area. Whether you enjoy the beach, golf, or enjoy the scenery, the greater Stuart area has something for everyone. So why not move today and start enjoying all that this wonderful region has to offer?

Find the Latest Martin County and Port Saint Lucie Homes for Sale

Moving to Stuart from your home up North or points south can be overwhelming, but don't worry; we've got you covered. We'll navigate the complicated real estate process together and ensure you find the perfect beach property, boating community, luxury home, or equestrian community while representing your best interests and negotiating the most favorable terms 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 lifestyle can be daunting. There are multitudes of real estate agents competing for your business. An Internet search for "Stuart Florida Real Estate" yields hundreds of real estate websites 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 leading to a successful transaction.

Please Only Buy a Home With 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 to help you through this experience – at no cost. We know all aspects of real estate for buyers, sellers, and relocation. Why not put our expertise to work for you? Click here to buy and sell properties in the fastest way.

Pre-Decision Services

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

Rental Homes

Are you looking to rent? Contact us at 772-678-1600 for up-to-date long or short-term and furnished or unfurnished Stuart area rental listings. Join our interest list.Homes for Sale in Stuart FloridaShould your needs call for a rental home, we offer furnished or unfurnished Stuart, Florida rental homes, villas, and condos available for annual or short-term lease. Discover our selection of MLS-listed home rentals located in the heart of the Treasure Coast, convenient to Stuart area restaurants, theaters, golf, shopping, and West Palm Beach and Orlando area attractions. Learn More

Eric Slifkin, Broker Associate

Eric Slifkin, Broker Associate

Serving the Treasure Coast Since 2003

A Broker Associate at Keller Williams Realty and the Slifkin Real Estate Team lead, Eric and his experienced agents serve South Florida's Treasure Coast. We also provide relocation and other real estate services through our global Keller Williams referral agent network.

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.

April 18, 2024

Open House in Mariner Sands

Open House in Mariner Sands of Stuart, Florida. 🏡

Saturday, April 20, 2024, from 1-3

👨‍👩‍👧‍👦 For INSTANT ACCESS to all photos, details, and more, Text 25084 to 25678 or go to:

https://www.searchallproperties.com/information/3256361

Explore Mariner Sands and this elegant 3-bed/3-bath home with a 2.5-car garage and over 3,300 Sq Ft of living space. ❤️

#Stuart #OpenHouse #EricSlifkin #RealEstate #Realtor #Realty #Broker #ForSale #HouseHunting

Open House in Mariner Village, Stuart, FL

OPEN HOUSE - Mariner Sands in Stuart, Florida

Go here for INSTANT ACCESS to all photos, details, and more.

 

Posted in Lisitings, Open House
March 30, 2024

Closing Costs in Florida Real Estate

When buying a home, you must plan for all costs, including the closing costs, which home buyers and sellers often overlook. Here's helpful information on how to budget for these costs.

What are Closing Costs?

Closing or settlement fees are expenses associated with buying or selling a home. The amount varies based on the purchase price and financing. Some costs are paid by the buyer, some by the seller. Taxes and insurance are non-negotiable, but you can negotiate other fees depending on local customs.

Closing Costs

Typical Fees You May Encounter

Your lender must disclose a Good Faith Estimate of all settlement costs. The title company or other entity conducting the closing will tell you the required amount to bring to settlement. Here are typical fees you may encounter:

  • Down payment
  • Lender origination fees
  • Appraisal fees
  • Survey fees
  • Credit report fees
  • Deed recording fees
  • Notary fees
  • Attorney fees
  • Underwriting fees
  • Title insurance policy premiums
  • Inspection fees (building, termite, etc.)
  • Private mortgage insurance premium
  • Insurance escrow for homeowners insurance.
  • Property tax escrow, if being paid as part of the mortgage
  • Points or loan discount fees you pay to receive a lower interest rate
  • Prorations for your share of costs, such as utility bills and property taxes

Notes:

Lenders keep funds for taxes and insurance in escrow accounts that you may pay with the mortgage, and then they pay the insurance or taxes for you. Note: when financing more than 80% (LTV), escrowed property taxes and insurance are required, which will increase your monthly mortgage payment. 

About prorations – At the closing, certain costs are often prorated (or distributed) between buyer and seller. Because such fees are due monthly or yearly, you might have to pay a bill for services the sellers use before they move. Proration is a way for the sellers to pay you back or for you to pay them for bills they may have paid in advance. The most common prorations are for property taxes. They are typically due at the end of the year they are assessed. Thus, if a house sells in June, the sellers will have lived in the house for half the year, but the bill for the taxes won't come due until the following year, so to make this situation more equitable, they prorate the taxes. In this example, the sellers will credit the buyers for half the taxes at closing.

Make Sure You’re Prepared To Close

When buying a home, it's important to know all the costs involved, including the down payment and closing costs. Partnering with a trusted team of real estate professionals can help you understand the costs, prepare accordingly, and have a go-to resource for any questions that may arise. If you have any questions about closing costs, feel free to message me.

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Contact us today to learn more about home buying and closing, or call us at 772-678-1600 for immediate service.

Whether you are buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs without obligation.

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March 27, 2024

Selling an Inherited Property in Florida

Are you selling an inherited home or a house undergoing Florida probate proceedings? When selling real property that you or multiple people have inherited, you will want to work with a real estate team that understands the needs and challenges you may face in managing the process. Request a Call

Geting Your Inherited House Listed and Sold

From "Cleanout to Closing" 

We have assembled a team of local professionals dedicated to providing value-added services and resources to support you during significant life transitions. These transitions may include senior downsizing, probate properties, trust, and estate disposition. We can offer you guidance and help you with various services such as attorney referrals, outsourcing estate sales or auction services, donation of contents, arranging property cleanout, obtaining repair bids, listing the property, or providing an "as-is" offer from our cash buyers to expedite a quick sale.

As Realtors, we have received training in the probate process and how it impacts estate disposition. We can assist you in navigating through the responsibilities of selling an inherited home, advising you on each step regarding services, repairs, and upgrades necessary to get the house sold quickly and at the best possible price. As your representative, we will work with your attorney, executor, personal representative, or any assigned individuals.

We can provide property valuation, market condition, and pricing reports, assist you with home inspections, cleanout services, and ongoing maintenance, and recommend contractors who can make property repairs or improvements, making the process easier for you.

Probate Professionals

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How We Market Inherited Florida Properties

Selling an inherited home can be challenging, just like selling a home under normal circumstances. However, we have various unique marketing tools and services that simplify getting your house listed and sold as quickly as possible. Our services include listing and marketing the property through online, social media, and print resources. If your goal is to sell the home as-is, quickly, and for cash, we leverage our network of investors. We also provide continuous feedback on property showings and changes in market conditions and handle negotiations and paperwork from offer through settlement.

Testimonials - Recent Probate and Estate Sales

 

"Mr. Slifkin did an amazing job of showing and finding a buyer for my mother's home. Living in New York and selling a home in Florida can be a daunting job. Mr. Slifkin put me in touch with an individual who helped me in cleaning out and preparing the home for sale, as well as charities to donate furniture. He was familiar with the neighborhood and comparable homes for sale. We had a few prospective buyers and eventually sold the house above the asking price. Mr. Slifkin is very knowledgeable, respectful, and professional. He listened to my concerns and answered all my questions. I highly recommend him to anyone putting their home on the market. It was a very pleasant experience from start to finish."


"I needed to sell a property owned by a trust. The property is 200 miles from my office, and Eric handled everything (including paying the utilities, the cleanout, appraisal, inspection, repairs, boxing of personal papers, and ultimate sale). He constantly kept me informed, offered proper pricing, offers/ counter-offer guidance, and provided every detail to sell the property. He comes strongly recommended, and I second that."


"I enjoyed working with Eric and Tricia. He was very candid, a straight shooter, set appropriate expectations, and understood the market. The team was very responsive to calls and questions and very helpful when it came time to closing and emptying the house. Between Eric and Tricia, they responded to emails late at night and early in the morning. He was the right realtor for us and the market."


See Our Reviews on Zillow >>

 

Request a Consultation

We are here for you whenever you need us and will help you every step of the way. Feel free to get in touch with any questions or concerns about dealing with inherited property; there is no obligation.

Whether you are buying or selling a home on the Treasure Coast, we are always happy to meet with you without obligation. Contact us to schedule a free consultation.

 

Posted in Uncategorized
March 24, 2024

Questions to Ask When Joining an HOA

Homeowners associations (HOAs) ensure that property values are maintained at a high level. They manage maintenance and often manage community facilities like pools, gyms, and more. 

All About HOAS

A homeowner association is a legal organization responsible for maintaining and managing the common areas within a community. These common areas typically include pools, clubhouses, landscaping, parks, streets, and roads. The original HOA is often created by the community's developer, who establishes a set of rules called the "Declaration of Covenants, Conditions, and Restrictions" (CC&Rs).

Are you buying a Home with an HOA? Get the Free guide to learn all about the role and homeowner responsibilities in an HOA before you buy! Click the image below to get this guide now ▾

All About HOA'sIt is a primary function of the HOA, among others, to enforce the CC&Rs and ensure that they are adhered to by the individual homeowners. Knowing all the other fees associated with the house (those outside your mortgage) is essential when determining if a home is within your price range. We're here to keep you well-informed and help you think through the tough decisions. Contact us today

Questions to Ask a Prospective HOA

-How much are the dues?

-What is the history of dues increases?

-Does it include building insurance?

-What are the insurance specifics, and what insurance will you be required to carry besides coverage provided by the HOA?

-Are there HOA budget reserves for repairs? Also, look at maintenance contracts like landscaping, security, snow removal, etc. Do they look reasonable to you? Is one of the HOA members also one of the contractors?

Other Considerations

-See how much the transfer fees and capital reserve requirements are when you close and negotiate to have the seller pay for them, if applicable.

-Find out how many units are owner-occupied vs. rented out. The HOA will know this. You may want to pass on the unit if it's higher than about 10 percent rentals.

Check the current status of all the membership dues. How many units are in the HOA, and how many are past due, and how much?

-Get the minutes from the past year's HOA meetings. Reviewing them will tell you how stringent they are and what violations trigger actions against residents.

 


This post is 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? Eric and his team offer home buyers a turnkey 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 you are buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs without obligation.

 

 

March 17, 2024

Home shopping? Get Pre-Approved!

Getting pre-approved is crucial if you're to buy a home this year.

When you are planning to buy a home, you may need to finance your purchase with a mortgage loan. To do this, you need to obtain mortgage preapproval from a lender. The lender will check your finances and determine how much you can borrow. Preapproval can be very helpful when making competitive offers on homes that you are interested in. By preparing for the preapproval process, you can avoid many common roadblocks and delays that other home buyers often encounter when applying for a mortgage.

Apply Now to Get Approved for a Home Loan

Looking to buy a home? Getting pre-approved is essential.

Getting pre-approved is crucial for knowing what type of home you can afford. The mortgage lender will use details you provide about your credit, income, assets, and debts to estimate how much mortgage you can afford.

Nowadays, most sellers will NOT accept an offer without at least a preapproval letter. If you are serious about buying, this is the first step towards getting you into your new home.

Ready to begin the home-buying journey? Let me know, and I will guide you through the process. Get in Touch

 

Eric Slifkin, a Broker Associate, founded 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 15, 2024

Sell your Treasure Coast home!

Looking to sell your Treasure Coast home?

Get top dollar for your Treasure Coast property today! 

Are you considering selling your home? If you want to get the best possible price, your home's exterior and interior must create a positive first impression on prospective buyers. Additionally, your listing price must accurately reflect recent comparable sales and your local area's current supply and demand balance. How can you achieve these objectives? Seek guidance from an expert!

Discover how we can help you sell your home on your terms without any stress or hassle. Our 100+ Point Marketing Plan ensures that your home is in front of more buyers, helping you to sell faster and for more money. Get top dollar for your home with our expert assistance! Learn More

Learn how we market homes (5-minute video)

Get Top Dollar for Your Home With Our 100+ Point Marketing Plan!

Learn how we will get your home:

■ In front of and shown to more buyers

■ sold faster and for more money

■ Sold on your terms without the hassle and stress

 

Learn More

 

Posted in Home Selling
Feb. 25, 2024

How to Make a Down Payment Possible

When you pay your monthly rent, you might often wish your money was going towards your future. However, for many aspiring first-time home buyers, the down payment required for homeownership seems impossible. But climbing the "down payment mountain" is not an unattainable goal. Like any significant challenge, it's about breaking down your daunting goal into smaller, practical steps.

Get $6,500 in Down Payment Assistance

Down Payment Assistance for Eligible First-Time Homebuyers 

The Cross Country Mortgage Community Promise program (CCM) offers down payment assistance to eligible first-time homebuyers living in qualifying neighborhoods in select cities. Here are the basic eligibility requirements for the CCM Community Promise down payment assistance:

  • At least one borrower must be a first-time homebuyer
  • Primary residences only
  • 3% minimum down payment
  • No income limits
  • Live in an eligible census tract
  • Homeownership education (if all borrowers are first-time homebuyers)
  • Eligibility information is available from a CrossCountry Mortgage loan officer.

Find out if you are eligible for a CCM Community Promise program. If you are, it's a $6,500 boost toward home ownership. Read MoreDown Payment

Looking to save up for a down payment? Here are five tips to help you get started:

1. Track your spending for a month or two to get an idea of where you spend your money.

2. Determine how much you need to save and set a timeline to reach that goal.

3. Consider making significant changes like downsizing your apartment or reducing the number of cars you own to save more money.

4. Open a savings account to keep your down payment money separate from your regular checking or savings account.

5. Be cautious when investing your money, especially in high-risk investments like stocks or startups. It's better to be conservative and protect your savings.

Knowing how much home you want to buy is essential when saving up for your down payment. I'm happy to give you an idea of what homes are selling for in your area. Feel free to get in touch any time if you have questions.

 

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 turnkey 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.

 

 

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