Treasure Coast Real Estate News

Articles on Our Housing and Real Estate Markets

March 25, 2021

New Construction Homes for Sale


New Homes for Sale Near Stuart, Florida

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Search all new homes for sale in Martin County, Saint Lucie County, or Palm Beach County. Just looking for information on new homes and builders along the Treasure Coast? We can help you find the right new home, new home community, or custom builder you seek and represent you as our client.

Click on any link below to search all new homes in your favorite areas, or click here to search our directory of new home construction listings featuring the area's premier home builders. Search Homes by Builder

Buying a New Construction Home

Top Reasons to Buy a New vs. Resale Home

  • Modern floor plans
  • Latest designs and materials
  • Ability to customize or upgrade
  • Smart / green home features
  • Energy-efficient construction
  • Low maintenance - fewer repairs

 

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.

 

 

Posted in Home Buying, New Homes
March 25, 2021

What to Know About Builder Warranties

Make Sure You Are Clear on What's Covered

A builder warranty applies to newly-built homes and is offered by the builder or a third party working with a builder. Many home builders include a warranty on their work in the sales contract, or they might make it a separate document. Not all builders offer a warranty, so it's important to do your due diligence when looking to hire a builder.New Home

Canopy Creek, Palm City

If you get a warranty, you need to go over it to make sure you're clear on how long the coverage period is and what you should do if you experience a problem. It would help if you also were clear on the maintenance requirements you need to keep up with or void your warranty.

The Department of Veterans Affairs and the Federal Housing Authority require builders have a third-party warranty for new homes with VA or FHA loans. Having a builder warranty is sometimes what compels people to opt for new construction versus buying a newer home, but you must read the fine print on the coverage.

What's Covered?

A warranty for a new house is usually pretty limited in its scope of coverage. Warranties define coverage for workmanship and materials related to different home parts like the heating, air conditioning, and electrical systems. Most warranties also dictate how repairs are to be made.

New homeowners often think that once the home passes inspection, that means everything is good to go. The fact is, there can be many problems that arise in new homes due to defective materials, landscaping issues, or foundation settling. Issues like these can be tough to notice until you‘ve actually lived in the home.

The coverage period for materials and workmanship will usually last anywhere from one to two years. For the major structural components of a home, there may be coverage lasting up to ten years.

Most new construction warranties don't cover household appliances, nor would they cover things like a small crack or the cost of having to move out of your home while repairs are being made.

Specific exclusions that are common in builder warranties include:

  • Damage stemming from your own neglect or misuse
  • Deterioration that would be considered normal, like shrinkage falling within industry standards
  • Damage caused by outsiders like vandals or "acts of God."
  • Any consumer product that is covered by its own warranty, like a refrigerator

Warranties and State Laws

Some states have strict laws about what builders have to provide in terms of warranties. If you aren't sure, you can talk to the contractor licensing board in your state or even the Attorney General Office to figure out what's required. Many states have either already done so or are in the process of increasing the duration of coverage from one to two years for workmanship and materials issues.

 

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.

 

 

Posted in Home Buying, New Homes
March 20, 2021

What Buyers Should Ask When Considering an HOA

Joining a Home Owners Association? Know what questions to ask.

Home Owners Association rules (otherwise known as the Declaration of Covenants, Conditions, and Restrictions or CC&Rs) typically include rules governing the community. Some HOA's have few restrictions, but others may have strict limitations.

HOA's

What Buyers Should Ask When Considering an HOA

An HOA or Homeowner Association is a legal entity created to manage and maintain the common areas. These "common areas" may consist of pools, clubhouses, landscaping, parks, streets, and roads.

HOAs are typically set up with a set of rules called "Declaration of Covenants, Conditions, and Restrictions," otherwise known as "CC&Rs." One of the primary functions of the HOA is to enforce and ensure that these "CC&Rs" are adhered to by the individual homeowners.

Helpful questions to ask when buying a house governed by an HOA:

  1. How much are the dues, and what is the history of increases?
  2. Is building insurance included?
  3. What are the insurance specifics, and what insurance will you be required to carry (if any)?
  4. Are there HOA budget reserves for repairs? Also, look at maintenance contracts like landscaping, security, etc.
  5. Do they look reasonable to you? Is one of the HOA members also one of the contractors?
  6. If you haven’t already—find out how much the transfer fees and capital reserve requirements are when you close and negotiate to have the seller pay for them (unless you have already agreed otherwise).
  7. Find out how many units are owner-occupied versus rented out. The HOA will know this. If it’s higher than about 10 percent rentals, you may want to consider that in your purchase decision.
  8. Check out the HOA's rental policies. The time may come when you may need or want to rent it out.
  9. Find out the current status of all the membership dues. How many units are in the HOA, and of that, how many are past due, and by how much? Try to obtain the minutes from the previous year's HOA meetings. Read them to see what they discuss, which will tell you how picky they are and what type of violations spur actions against residents.

Our team has been prolific Stuart, Florida-based Realtors since 2003, listing and selling properties along the Treasure Coast and Palm Beach real estate corridors. We service over 250 communities and subdivisions, including club communities, waterfront communities, second-home communities, condos, and townhomes.

 

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.

 

Posted in FAQ's, Home Ownership
March 12, 2021

5 Steps to Clean Your Shutters

If you have plantation-style shutters in your home, then you likely know they can be a pain to clean. With so many surfaces, corners and cracks, it can be hard to really get in there and wipe away grime and dust that builds up. Whether you have shutters on your closet doors or windows, below is a five step system for getting them squeaky clean. 

Plantaion ShuttersDust first. If you have a duster, run it between your shutter panels to uproot dust and dirt particles. The longer it’s been since your last cleaning, the dustier your shutters are likely to be.

Vacuum. If you have a small, narrow attachment for your vacuum cleaner, pop it on and suck up the dust you stirred up with your duster.

Wipe. Using a clean cloth or rag, wipe down your shutters. By now, they should be looking pretty good.

Detail. Use a toothbrush to get into the shutter hinges and cracks for a thorough cleaning.

Polish. Rub down your shutters with furniture polish to give them a sleek shine. Try to avoid soap and water on your shutters. Over time, this type of cleaning can warp the wood.

Posted in Home Ownership
March 11, 2021

FAQ: What's in an Appraisal?

Frequently Asked Questions in Real Estate

Appraisals cover a lot of ground and are part of the closing process. The appraiser is most concerned with the condition and quality of a home and its features.

What's in an Appraisal?

Your home will be compared to recent sales of similar size and location to help assign value to the home. If you’re selling, we can talk about what to address before your appraiser shows up. #thehelpfulagent #home #houseexpert #house #listreports #realestate #themoreyouknow #realestateagent #homeowner #househunting #icanhelp #realtor #agent

 

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, no obligation.

March 9, 2021

10 Signs You Are Ready to Invest in Real Estate

When it comes to property investment, timing is everything. Ultimately, choosing the right time to enter the market will significantly impact your investment's long-term success.

Investment Properties

But how can you as an investor know whether the timing is right? Global property portal Lamudi has compiled a list of 10 tell-tale signs that now is the time to start building your investment portfolio.

1. You are financially ready. You have saved enough for the down payment, and you have also established your emergency fund. You have taken into account home maintenance expenses. Your credit history is good, and you can meet all the financial obligations.

2. You have set your long-term goals. You have a clear picture in your mind of your investment's purpose, and you are flexible enough to adjust to changing circumstances. You are not hesitant, and when the timing is right, you can adapt to the market needs and the development of technologies.

3. You have done your research. You know your future property's neighborhood well enough to foresee the coming trends and possible community changes. You have researched all the schools in the area and the best commuting means, and you can predict the next homebuyers needs.

4. You have chosen a stable economy. The area is financially stable, economic trends are promising, and equities are surging. No demographic fluctuation or irregular variation of the population has been recorded in the area.

5. You understand the country’s policies regarding real estate. The region's policies promote and encourage a positive, innovative environment and drive further economic growth. The tax policy in the country is positive for homeowners. The global innovation index is rising in the area.

6. Infrastructure projects are underway and likely to lead to an increase in property values. The area's infrastructure is being developed to focus on transport, energy, solid waste, and water management developments.

7. The region is moving toward sustainable development. The region’s awareness of global and local environmental issues increases and the demand for eco-friendly homes and sustainable rural and urban development is rising. As more and more people head toward sustainable living, investing in sustainable property will increase its value in the future.

8. The location draws a lot of interest. Whether it is the best travel destination or the hot jobs spot, the location is always on the top of the search engine. It has become a successful startup hub already or is planning to do so in the coming years, driving many job seekers into the area. The number of enrolled students is increasing every year; the area draws interest in international students.

9. You have found a reliable real estate agent. If you are an overseas buyer, it is particularly crucial to make sure you have a good representative on the ground. Your real estate agent is trustworthy and knows the local market well enough to help you make a choice.

10. You have researched local differences in the property market. Whether you plan to invest in residential property and turn it into a rental or office space, you are fully aware of all cultural differences that might occur when dealing with a property seller.

Source: Lamudi

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

 

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.

 

March 8, 2021

Why Hire a Real Estate Agent to Buy from a Builder

Realtor Couple

How a Real Estate Agent Can Help When Buying From a Builder

Q: Do I need to hire a real estate agent to represent me when I buy a new home from a Treasure Coast new home builder?

A: Legally, no. But if you donʼt, you might be missing out on some tangible benefits that impact your wallet and how much you get for your money. There are many reasons why an agent is a sound investment during the purchase process with a builder. While some of them can be quite complex (and go beyond the scope of this blog post), here are a few highlights:

Market Value Compared to Purchase Price: How much money are you going to be able to come out of pocket for your down payment? If you donʼt want a nasty surprise when it comes to disparities between your agreed-upon purchase price and the actual market value of the home, youʼll want an agent with access to information that will help you accurately assess the true value of that brand new home.

Negotiation Power: Real estate agents are professional negotiators, and often an agent can get more from a builder than you would on your own. While some might be related to purchase price, other perks may include property or home upgrades.

Financing: Itʼs probably no surprise that your builder will have preferred financing partners to work with. Many of those “partners” pay good money for the opportunity to handle your loan. But is it the best loan at the best rate? An agent can be both a sounding board for financing terms and a source for trusted alternatives.

Contract Expertise: While your real estate agent isnʼt an attorney, they know a great deal about the ins-and-outs of property contracts. This includes builderʼs contracts, which may have provisions that put you in the dicey territory should something unforeseen happen. Protect yourself with an agent.

These four reasons are a good place to start, but there are plenty more. The bottom line is: The builder will have their own system to maximize their profit and minimize their costs. Shouldnʼt you? Iʼm is more than happy to help you buy from a builder.

 

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.

 

March 7, 2021

5 Tips to Predict House Values in any Neighborhood

House Values

How Local Economic Factors Impact Stuart, Florida Home Values

How do you predict the value of a neighborhood? While no one can say for sure how home values in a neighborhood will rise or decline over time, there are big-picture economic factors that you can look for to help get a handle on where they may be going.

1. Major regional employers. If a community depends upon one or two large companies for a high percentage of local employment, you can bet that as the company fares, so will the neighborhoods. While "company towns" are hardly the norm these days, don't overlook the possibility.

2. Number of properties currently for sale. Sometimes there's nothing wrong with a neighborhood just because the inventory (i.e., number of homes on the market) is high. Other times, something may be amiss. If you see street-after-street of "FOR SALE" signs, ask questions.

3. Major construction. Is that a new school they're building, or is it a supermax prison? Did they clear that land for a new shopping center, or is it a new loop for the interstate? Certain types of construction can improve home values while others can hurt. Getting in touch with the local planning commission and the local newspaper's business section (or website) can help illuminate what's behind those bulldozers and cement mixers.

4. Rental density. People who own the homes they live in intend to take better care of them. Also, it's preferable to have long-term neighbors versus high-turnover tenants. Absentee landlords or seasonally rented properties can also be a drag on a neighborhood. Get a feel for the rental density and the direction it's heading. Rental density matters.

5. Environmental conditions. One industrial accident that poisons a water supply is enough to annihilate home values. How susceptible is the region to extreme weather? Don't rule out environmental liabilities or benefits.

Nobody's crystal ball is perfect, but to ignore major macroeconomic factors is dangerous. Even if you're only planning on staying in a location for 5 - 7 years, do yourself a favor and try to position yourself to make, not lose money, on your home with these tips in mind.

 

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.

 

March 1, 2021

Note to Sellers Who Are Also Buying: A Closing Date Is a Closing Date

Closing day has arrived but you haven’t found a place to move to? Option to help avert costly legal issues.

Closing Tips

Pitfalls to Avoid When Selling and Buying Houses Simultaneously

By Meredith Caruso

Some homeowners jumped into today’s hot sellers’ market, fielded multiple offers, got top dollar, and signed contracts within 48 hours. At the time, they may have considered their next home selection “a bridge we’ll cross when we come to it.” But sometimes there’s no bridge.

ORLANDO, Fla. – 2020 was a heckuva year. Everyone’s daily routine had to be adjusted thanks to the pandemic. One thing that remained solid, however, was the real estate industry. The market, in a word, is HOT.

While this is a good thing, to be sure, our Legal Hotline has received an uptick in calls regarding sellers who eagerly list their home to get top dollar – but then, come closing day, they haven’t found a place to move. This can only lead to costly legal issues, which we all want to avoid.

So how can you help avoid this problem? I’ve said it before, and I will repeat it: PLAN.

I get it, as an agent, securing a listing is “having a great day.” But in a time when properties are on the market less than 48 hours after several competitive offers come in, it’s important to have a frank discussion with your sellers about their plans. Do they have eyes on another property? What do they intend to do – buy or rent? Are they moving out of state? Do they have an agent they’re actively working with to find a new home? How far along in the process are they?

When should these questions be asked? I’d wager that they should be asked when the listing is taken and not 25 days into a contract.

Unfortunately, some sellers may be so pumped about the hot market and getting the best offer that they aren’t thinking about their long-term plans. As a listing agent, you should be incorporating these types of questions when you are taking the listing, so you are on the same page as the seller.

If you’re representing the buyer, I’d suggest communicating regularly with the listing agent regarding the sellers’ progress on moving out. Schedule your walk-through to occur the day before or the day of closing, and schedule it well in advance.

Sure, some alternatives might work in the event the seller is unable to find a new property to move to – however, those alternatives all involve the parties' cooperation. A seller may get a specialized lease drafted that provides for the seller to rent back the property from the buyer until a new property is located. The parties can also agree to an extension of the closing date – but this may not work with buyers who are financing their purchase if the lender increases any loan costs due to the closing delay.

Of course, both are more viable options if the sellers are already under contract on a new home or need a few more days to move out. The sellers who have no clue where they’re going? They may have a battle ahead.

So, at the risk of beating a dead horse, here is we're taking some time in advance to map out the sellers’ intentions can negate a panicked call to the Legal Hotline when, two days before closing, you realize the sellers don’t intend to leave because they don’t have anywhere to go.

Meredith Caruso is Associate General Counsel for Florida Realtors

© 2021 Florida Realtors®


If you’re considering buying or selling a home before the new year or in early 2021, contact us now to schedule a free consultation. We’ll work with you to develop an actionable plan to meet your goals.

 

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.

 

Feb. 27, 2021

Discover the Basque Vineyard, BC

Develop Your Own Canadian Winery or Cannabis Cultivation Enterprise

Overview

Welcome to the Basque Vineyard BC Inc., a Canadian corporation licensed for the growth and manufacture of Hemp, Cannabis, and wine products in Ashcroft, British Columbia. The Vineyard has been completely upgraded, including a new drip irrigation system and plans for subdividing the 31.01-acre property into three parcels of 10+ acres each. The Basque Vineyard, Inc. is currently offered for sale and an in-hand Canadian license issued for the cultivation of Cannabis. Contact us today for more information about this rare opportunity to live and work in western Canada's beautiful Basque region.

Basque vineyard BC is a stunning 12.23 acres plus 31.01 acres property located on the beautiful sloping hillsides of the Basque region part of the South Caribou overlooking the majestic Thompson river.

Its southern exposure, sunny arid climate, and down gently sloping hills make it a more fertile environment for Grape and grape and hemp cultivation than the wine country in Spain and France. The potential of this area is limitless.

Basque Winery

Located south of Ashcroft, a 20-minute drive from the downtown area, this once-thriving vineyard produced Grapes used by summer lands: Sumac Ridge Estate winery in 1982.  With well-draining sandy loam soil and south-facing windswept slopes, and a newly installed water system for irrigation, plus a distribution center that has a purification system for drinking and domestic consumption, these are the perfect accompaniments to establish a successful vineyard.

The water pump connects to the water distribution center, then up all the way to the highest point of the slope, which is prepared to supply gravity-fed irrigation to the whole property without disturbing the topsoil.

In addition to the magnificent landscape and Thompson river views, there is a 1200 square foot 2 bedroom 1 bath rancher that boasts Italian ceramic tile flooring, open floor plan, laundry room, sunroom, and Jacuzzi bathtub.  As well as a cozy fireplace to warm up to on those crisp autumn evenings where you can sit and enjoy the views.

Developing Your Own Winery, Vineyard, or Cannabis Cultivation

The potential to develop your own winery, vineyard, and/or hemp cultivation business can be effortless as the current owner has had numerous studies completed, from soil suitability, establishing a drip irrigation system, and consulting with experts to determine which strains of grapes would do the best with the properties conditions.

 

Basque Winery

Expansion Opportunities

The ability to expand your vineyard is possible as the adjacent 31.01-acre property could be subdivided to 10+ acres each. Basque Vineyard BC Inc., with a license to grow hemp (the managing company of both properties), is also up for sale if the buyer needs to acquire it for immigration purposes.

Let your imagination run and create the winery, vineyard, and Hemp farm of your dreams!

Note: all drawings in the photos are Architectural concepts, and the buildings shown do not exist at present. Only the 1,200 square feet house and water distribution center exist.

 

Basque Vineyard BC

 Download the Basque Vineyards Site Plan

 

Contact Us to learn more about investment opportunities. Whether buying or selling, we are always happy 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.

 

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