Tuesday, June 19, 2012
Jupiter Homes
This week we saw Jupiter home sales rise from 57 to 82. This shows the continued positive real estate market here in Jupiter and the surrounding areas. Summer is almost here and I am looking forward to see what will happen in the real estate market around the country. This is the so called season for the rest of the country so if we see a stronger market around the rest of the country we should see and even stronger season here next year.
First time home buyers are in an uphill battle with investors all vying for the same entry level properties. The first time home buyers are losing most of the time. Cash investors are fighting among each other often bidding above asking price. The banks or sellers don't even want to look at first time home buyers with a 3% down payment and worrying about all the stipulations from the banks.
If you are looking to spend less then $200,000 on a condo or townhome you will be looking long and hard for a property. There are some out there but you better move fast and have very few stipulations in your contract. I also get asked about lease -options. Almost unheard of in today's market. First of all the owner is either renting the property or selling, not looking at combining the both. If you do find a lease option the owner will expect a sizable deposit to hold the lease option if you decide not to go ahead with the purchase.
I haven't seen a wave of foreclosures that everyone continues to speak about. The few foreclosures I am seeing are being snapped up rather fast. I'm seeing banks approaching owners now and offering to do a short sale on their home and work with them to get in done quickly. My biggest dilemma now is finding decent homes for sale. Many homes just need so much work and buyers aren't willing to do the work.
Remember the old adage "if it's to good to be true is probably is", well it holds for real estate more then ever. If you see two condos an a building that are near identical and the prices vary greatly. Look at the inexpensive one, here is a few reasons you will see a huge discrepancy. The building is three stories and no elevator is one I see often.
If you see what seems like a great deal compared to other communities. Probably has a mandatory membership that is required of anywhere from several hundred dollars a month to $100,000 plus for equity.
Lastly look at the condo fees, The Resort at Singer Island is one I get asked about. A 1 bedroom condo there has a condo fee of $2,000 per month plus taxes. Yes, you are reading this right.
That is why you work with an agent that is knowledgeable and sells alot of real estate. Anyone can show you a home but knowing the intricacies of different communities and the home buying process will save you lots of time and aggravation.
Starting next week I am going to a biweekly newsletter. You won't see the newest listings from the week before but if you want them please email me what you are looking for and I will make sure you receive them.
Sign up for
Jupiter Top Ten Report
Email me to set up your new search criteria so that you get new listings emailed to you each week. Be the first to look at new homes on the market and get the best deals out there.
Jupiter Oceanfront Condos
Jupiter Abacoa Homes
Jupiter Homes
Jupiter Waterfront Homes
First time home buyers are in an uphill battle with investors all vying for the same entry level properties. The first time home buyers are losing most of the time. Cash investors are fighting among each other often bidding above asking price. The banks or sellers don't even want to look at first time home buyers with a 3% down payment and worrying about all the stipulations from the banks.
If you are looking to spend less then $200,000 on a condo or townhome you will be looking long and hard for a property. There are some out there but you better move fast and have very few stipulations in your contract. I also get asked about lease -options. Almost unheard of in today's market. First of all the owner is either renting the property or selling, not looking at combining the both. If you do find a lease option the owner will expect a sizable deposit to hold the lease option if you decide not to go ahead with the purchase.
I haven't seen a wave of foreclosures that everyone continues to speak about. The few foreclosures I am seeing are being snapped up rather fast. I'm seeing banks approaching owners now and offering to do a short sale on their home and work with them to get in done quickly. My biggest dilemma now is finding decent homes for sale. Many homes just need so much work and buyers aren't willing to do the work.
Remember the old adage "if it's to good to be true is probably is", well it holds for real estate more then ever. If you see two condos an a building that are near identical and the prices vary greatly. Look at the inexpensive one, here is a few reasons you will see a huge discrepancy. The building is three stories and no elevator is one I see often.
If you see what seems like a great deal compared to other communities. Probably has a mandatory membership that is required of anywhere from several hundred dollars a month to $100,000 plus for equity.
Lastly look at the condo fees, The Resort at Singer Island is one I get asked about. A 1 bedroom condo there has a condo fee of $2,000 per month plus taxes. Yes, you are reading this right.
That is why you work with an agent that is knowledgeable and sells alot of real estate. Anyone can show you a home but knowing the intricacies of different communities and the home buying process will save you lots of time and aggravation.
Starting next week I am going to a biweekly newsletter. You won't see the newest listings from the week before but if you want them please email me what you are looking for and I will make sure you receive them.
Sign up for
Jupiter Top Ten Report
Email me to set up your new search criteria so that you get new listings emailed to you each week. Be the first to look at new homes on the market and get the best deals out there.
Jupiter Oceanfront Condos
Jupiter Abacoa Homes
Jupiter Homes
Jupiter Waterfront Homes
