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Kelly Rossow, PA

Your expert of choice, CDPE,ILHMS
Allison James Estates & Homes Elite
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Palm Beach County Real Estates Stats July 2017 Kelly Rossow,PA

May 2017 Homes Sales:

May numbers are in.  The month's supply of inventory from May 2017 compared to a year before remain the same with 4.9 months of homes on the market.

 

2015 Sales update:

Here are a few interesting tidbits about the state of the housing market specifically in Palm Beach County.  This information is provided by the Realtors Association of the Palm Beaches.

  • 11% more homes were SOLD in 2014 than in 2013
  • CASH SALES:  46% of purchases were CASH in 2014.  This number is down by 6% indicating buyers may not be having to compete against investors as they have in the past few years.
  • INVENTORY IS UP 7.7% TO A 5 1/2 MONTH SUPPLY
  • INTERNATIONAL BUYERS could strongly affect sales this year as the dollar grows stronger.

 

August 2014:  Palm Beach County Schools start mid month.  The Palm Beach County School District is already sending all calls to parents about changes in the bus routes this year.   After August 5th, go to palmbeachschools.org "My Bus Stop" icon to double check your pick up in the am and drop off in the afternoon.

 

July 2014:  The Reality of the Market.  

Buyers looking in the $250,000-$500,000 price point:  be ready to act quickly,pay full price, and be flexible on your terms.  Sellers are asking to rent back more often.  Move in ready homes are attracting multiple offers and the properties move quickly.  Can you?  Ask me how I can help you get ready to make an offer on your dream home. 

 

May 2014:  Here are the latest Real Estate Stats for Palm Beach County:

 

Palm Beach County Real Estate Stats April 2014 Kelly Rossow,PA

 

Mortgage Interest Deduction-Should it stay or should it go?  

The National Association of Realtors is urging homeowners to write your area lawmakers about the hot topic of your home interest deduction. Discussions are expected over the next month in Congress changes could affect your taxes and home investment today and into the future. Check back here for updates.   

 

Short sale vs. Foreclosure property:  Wondering the difference?

This was such a great question asked by Debbie that I thought I would share with everyone who visits my site.    

The difference between a short sale and a foreclosure is that a bank owns a foreclosure and a short sale is a status where a homeowner is diligently attempting to negotiate with the bank after receiving an offer.  Short sales make sense if you have a longer time frame to look and you're not afraid of a 30 day to 2 year wait.  Bank properties generally come on the market and first priority goes to a buyer who wants to live in the property.  After about a 14 day "on the market period", the bank will consider offers from investors.  Here is the kicker to a bank owned, some need enough renovation that they would never be eligible properties for a buyer needing to get a mortgage.  That makes some foreclosure or "bank owned" properties suitable only fort an investor/renovation type CASH buyer.

 

Each situation with an offer is different and I judge by last sold in the area that is similar to type, location, square footage etc.  There are times when I will encourage a buyer to start lower than normal and times where I will advise a buyer to bid above asking based on what I have discovered could potentially happen during a negotiation.  Many bank owned properties will go above ask price if there are multiple offers.  Some that may not be priced correctly/need an excessive amount of repairs will go below the ask price.  It truly depends on the individual situation as to how I would help a client determine the price to offer.

Thank you Debbie for asking for clarification!

The Honda Classic is here!

Feb. 24-March 2, 2014

Thursday, February 20,2014 

7:00-10:00pm The Honda Classic Kick-Off Party at the Gardens Mall

 

Sunday, February 23, 2014 Bronze Pro-Am (The Champion Course)

Monday, February 24 12:30-5:30pm Miami Dolphins Pro-Am (The Champion Course)

Tuesday, February 25

All Day:  PGA TOUR Professionals Practice Rounds (Champ)

8:30-3:30 Executive Women's Day

4pm Krank Golf Junior Golf Clinic (Champ Practice Range)

Wednesday, February 26 6:50am Gold Pro-Am (Champ)

Thursday, February 27 7:00am The Honda Classic-First Round begins

10:00-3:00 Play Golf Expo

Friday, February 28-Please check back... more updates to come!

 

Tickets: www.thehondaclassic.com

The Latest Market Info: 

 

 

Your Local Real Estate Connection in South Florida

Get a positive, helpful partner for Selling your Florida Real Estate and Buying a Florida Home for Sale:

  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and community connections
February 2014-The Season to buy and sell IS NOW.  Pricing has taken a step up since 2013 and buyers are looking for their dream home! 
 
Lower Loan Limits start January 2014-As we bring 2013 to a close, we have new mortgage limits hitting as we roll into 2014.  The FHA loan limit will decrease to $345,000 in Palm Beach County.  This is down from the 2013 amount of $423,750.  Neighboring Martin and St. Lucie Counties will decrease to $316,250.  Palm Beach County still sees more than half of home sales closing with cash as the New Year approaches.
November 2013-Mortgage rules are changing for both ratios and for Homepath loans.  Contact Suzanne Downs at Palm Beach Mortgage for the latest on how that will affect your next home sale or purchase.
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Working with THE BEST AGENT:
Here's a guideline to gauge the Realtor you will work with:
The best agts work with serious buyers and sellers only.
The best agents run their business like a business.
The best agents are prepared.
The best agents schedule their business days and don't allow interjptions or drama to disrupt the client process.
The best agents list their sellers AND their buyers.
The best agents are respected and because of that their clients don't call them after hours, they respect their personal time and they understand that appointment time is sacred to the agent.
The best agents don't shortchange steps of the buying or selling process.
The best agents are ethical.
The best agents work with serious buyers and sellers only.
The best agents run their business like a business.
The best agents are prepared.
The best agents schedule their business days and don't allow interruptions or drama to disrupt the client process.
The best agents list their sellers AND their buyers.
The best agents are respected and because of that their clients don't call them after hours, they respect their personal time and they understand that appointment time is sacred to the agent and the client.
The best agents don't shortchange steps of the buying or selling process.
The best agents are ethical.
 
October 2013:  Home Lending Changes: Buyers look at the new lending requirement!
Mortgage update-  Many buyers started to ask what would happen with FHA lending during the shutdown.  Here are the latest changes:  On Nov. 16, 2013-Fannie Mae will increase their minimum down payment requirement from 3% to 5%.  Right now, you still have TIME TO GET A HOME UNDER CONTRACT WITH 3% DOWN.  Call me today for a buyer consultation!
Thank you to Suzanne Downs with Palm Beach Mortgage for this mortgage update.
-Always Aggressively dedicated to helping with our buying success!
Sept 2013 NEWS! (More Listings below announcement!)

 

Beaches MLS Inc.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2017 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2017 Beaches Multiple Listing Service, Inc. All rights reserved.