Market is Changing in 55+ Gated Communities in South Florida for Resales

Written by Posted On Sunday, 13 January 2019 05:53
Changing to a Buyer's Market Changing to a Buyer's Market Depositphotos

Resale market in the 55+ active adult market is changing to Buyer's Market in Delray Beach and Boynton Beach, Florida.  

I recently had a buyer looking for a house in a gated 55+ community in the Delray Beach/Boynton Beach area.  Buyer was looking for a resale as anything new is much more pricey.  I'm going to share my experience and why I believe the market is turning into a buyer's market in this area.  I've been in this area 24 years and I have seen this before.

 

We had many homes to look at - very different from six months ago, even from four months ago.  At that time, houses were coming up and flying off the shelves.  Sellers were calling the shots.  That is no longer the case.  Read on, my friends.

 

We made offers on four homes, all to whom were difficult sellers unwilling to bend much.  They thought they were sitting on gold.  Please bear in mind, these are not new houses.  They do not have up-to-date features of impact windows for hurricanes or new kitchens.  They need redoing, which is fine if the price is right.  They are 20-22 years old.  Not really old, but in south Florida with barrel roofs, that translates to a needing a new roof in approximately 3-5 years - a costly expense.  Again, if the price is right, ok.  But not much had been done to them since they were originally purchased.

 

Each time, we made an offer and the seller stood firm, the buyer walked.  We went on to the next house.  Just having more and more houses to go to for the first time in years was an indication of a buyer's market.  

 

We were able to come to terms on the fourth house, but after inspection the buyer decided besides adding hurricane shutters and a roof, there were far too many repairs to be done.  So the buyer walked again.

 

We went under contract and will close shortly on the fifth house.   The house needs hurricane protection but had upgrades the first four did not.  Smart sellers.  Smart buyer.

 

I am not a betting person, but I would be willing to say the first four houses will eventually close for less than they were offered by this buyer.  How do I know?  I've seen it before.  We are in a buyer's market in resales in the 55+ active adult community in Delray Beach and Boynton Beach.  Sellers need to wake up.  Of course, please note - it can vary by community.

 

If you are interested in a resale in an active adult 55+ community in Delray Beach or Boynton Beach FL, please contact me.  I can be reached by cell/text at (671) 716-7824 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..

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Resale market in the 55+ active adult market is changing to Buyer's Market in Delray Beach and Boynton Beach, Florida.  

 

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Elyse Berman, PA

When you’re moving to Boca Raton, Delray Beach, Boynton Beach or Highland Beach with furry family members, you need to work with an experienced, caring and committed REALTOR® who understands the challenges you face as a pet parent. You need Elyse Berman. After growing up in New York and working as a Court Reporter in a fast-paced judicial system, Elyse moved to Boca Raton in 1994. Her goal: to be close to the beach. With three kids and two dogs, her family settled in a pet-friendly gated community – but when the kids grew up and moved out, she decided it was time to live like she was on vacation every day in a place right on the beach. However, Elyse quickly learned that not all beachfront properties in Boca Raton, Delray Beach and Highland Beach are pet friendly. Some have confusing pet rules that change frequently – and some claim to be pet friendly but only allow birds and fish. Elyse’s addiction to research, fueled by her love of real estate, the law and her dogs, helped her discover her passion for helping people find pet-friendly homes in Boca Raton and the surrounding communities. (You can learn more about how and why Elyse became Boca Raton’s premier pet-friendly REALTOR here.) With an ever-evolving list of which condominiums and communities are pet friendly (as well as what restrictions they currently impose on buyers), Elyse is ready to help you find the perfect place to live in Boca Raton, Delray Beach, Boynton Beach or Highland Beach. Her extensive knowledge of the local real estate market dates back to 1994; she’s seen new communities spring up, watched old communities become revitalized, and kept an eye on all the complexes, neighborhoods and subdivisions in the area for years. Call Elyse (561) 716-7824 Email Elyse Elyse@ElyseBerman.com She’s with you every step of the way, from your first tour of a home to closing (and beyond.) In fact, she stays in touch with many of the people whose homes she helped find – and she’s even sold those same homes decades later. She truly wants her clients to be happy, so she answers her phone and will never pass you off to a team member. Having made a cross-country move herself with a husband, three kids, two dogs and a business to run, Elyse knows all about the challenges you’re facing – and she can help you find a pet-friendly gated community in Boca Raton, a pet-friendly condo, a pet-friendly 55+ active adult community or anything else you’re looking for. Elyse loves dogs (well, all pets, actually) – and she makes it her business to keep up with the communities that accept furry family members. She personally wouldn’t move anywhere that wouldn’t allow her pets, and she won’t expect you to, either. She’ll never ask you to get rid of a pet or waste your time; she really understands what it’s like to have to find a place that’s suitable for all members of the family. No pets? No problem – Elyse also understands people who want to live in pet-free condos and neighborhoods. She can help you pinpoint all the best places to live. Elyse currently volunteers her time on the Professional Standards Committee (after having served on the Grievance Committee) for the Board of Realtors®, where she continues to learn. Serving on these committees is a lot like court reporting, which is why she loves it. Additionally, in order to better serve her clients, Elyse has attained the following designations along with membership in the following organizations: CRS – Council of Residential Specialists ABR – Accredited Buyer’s Representative GRI – Graduate Realtor’s Institute E-Pro – Internet Certified – Technology Certification Program C2EX – REALTORS® Commitment to Excellence Member National Association of REALTORS® Member Florida Realtors® Member Broward, Palm Beach & St. Lucie Realtors® 2018 – 2020 – Grievance Committee – Broward, Palm Beach & St. Lucie Realtors® 2021 – Present – Professional Standards – Broward, Palm Beach & St. Lucie Realtors®

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