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If You See A House You Like, Grab It

Written by Posted On Sunday, 20 October 2019 07:10

Buyers, if you see a house you like, you need to move quickly in today's real estate market in south Florida.

 

LOW INVENTORY

Inventory in Boca Raton, Delray Beach, Boynton Beach Florida has dried up.  There are even fewer homes for sale now.  If you're in the market to buy a house now and see one you like, move quickly because good houses are going fast.  Houses that show well and are priced right go fast.  In the last several months, we have seen even less inventory than before.

 

WHERE HAS THE INVENTORY GONE

Low interest rates and lack of inventory, in my opinion, is fueling this market.  While it is still a buyer's market, buyer's have fewer choices.  Find yourself a good buyer's agent who will work with and for you, not for the seller.  And that goes for new construction as well.  Those nice people in the sales office work for the builder; they do not work for you.  Don't go it alone.  Caveat Emptor.

 

BE PREPARED

Be perpared to act quickly.  If you are financing, get preapproved before going to look at homes.  This is the first step.  You will need this preapproval if you find a home you like.  We submit all offers with preapprovals or proof of funds for cash.  Sellers want to know you are qualified to buy their house.  If we submit an offer without a preapproval or proof of funds in south Florida, they throw it back to us: Where is the money?  Sellers don't want to take their homes off the market unless they know you are qualified.

 

I'LL WAIT AND RENT

This is a bad idea for two reasons.  First, there is very little inventory in rentals.  Second, renatal pirces have gone sky high.  Does it really pay to spend $ 30,000 to rent a two-bedroom apartment when interest rates are so low?  That's up to you, but it makes no sense to me.  Your mortage will be far less than your rent would be and we don't know where the market will be next year.  Suppose you have to wait two years?  That's $ 60,000 thrown out on rent.

 

IN SUMMARY

 

With interest rates as low as they are, if you are considering buying a home or condo, townhouse, be prepared to move quickly.  Have your buyer's agent lined up and get yourself preapproved.  Then if you see a house you like, jump on it as houses are going quickly in today's real estate market.

If you have any questions about gated communities in Boca Raton, Delray Beach, Boynton Beach, FL or pet friendly communities in south Florida, contact me.  I can be reached by cell/text at (561) 716-7824 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..

Buyers, if you see a house you like, you need to move quickly in today's real estate market in south 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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