Palm Beach Premier Real Estate News and Events

Aug. 14, 2020

22180 Woodset Ln, Boca Raton, FL

Gorgeous Dream Home for Sale in West Boca Raton

This impressive four bedroom, four bathroom, 3 car garage waterfront home will leave you speechless! Featuring a private tennis court, resort-like heated pool and personal movie theater, this dream home is situated on 1.1 acres of beautiful, tropical landscaping! The soaring ceilings, open living spaces, hardwood flooring throughout, architectural arches, crown moulding and recessed lighting reflect the detail and care put into this home. The chef's dream kitchen features Thermador appliances, water filtration system, built in coffee bar, a rounded center island as well as oversized breakfast bar. The modern 2-tone cabinets, stone counters, stainless steel range-hood, and stylish backsplash make this kitchen stand out among the rest.

The enormous master bedroom offers a connected small gym which could be used as an additional office or gym or yoga room. The expansive master bathroom features his/her sinks and cabinetry and an impressive soaking tub nestled among lovely arched windows. The additional 3 secondary bedrooms are also oversized and offer plenty of room for any layout. Enjoy movie night with the family inside the sound-proofed 8 seat movie theatre. The covered patio offers outdoor dining overlooking the impressive pool and private tennis court. Additional features include a whole house gas generator with 1,000 gallon propane tank, reinforced movie theater with 8 inches of rebar to serve as a safe storm room, impact glass throughout, canal-fed sprinkler system and oversized septic system.

This magnificent home is being offered at $1,100,000. For more information and/or a private viewing, please feel free to reach out to us at info@pbprealestate.com or 561.395.8418

June 28, 2020

Dream Home in Coconut Creek, FL

 

Do not miss out on this incredible, luxuriously upgraded dream home! This 4 bedroom + den, 2.5 bath pool home features scraped bamboo and neutral tile flooring throughout the living spaces, an open floorpan and an absolute dream kitchen with Cesar Stone Quartz counters and backsplash, stainless steel Frigidaire appliances, a huge breakfast island and tons of cabinet space. The large family room features custom builtins and overlooks the private backyard paradise. Upstairs, the spacious master suit features durable wood-look flooring, a large walk in closet and a fully upgraded spa retreat en-suite complete with soaker tub, LED mirror, dual sink and quartz counters. The glass enclosed shower and 3D tile accent wall complete this dreamy high-end master bathroom...

All secondary bedrooms have also been finished with durable wood look flooring, neutral paint, ceiling fans and ample closet space. The covered, screened patio, which is perfect for morning coffee, opens to the private, fenced and beautifully landscaped backyard oasis that backs up to the lake and Lakeside Park. Escape to your personal paradise and float in the heated saltwater pool, enjoy dinner al fresco under the covered pergola, then sip fire-side cocktails as you watch the sunset from your own slice of heaven. This home has been upgraded to include impact windows and doors on the first floor, according shutters throughout and electric shutters for the larger second story windows. Essex Park at Regency Lakes is walking distance to the community pool, gym, volleyball, basketball, tot-lot and clubhouse. You can also walk to the recently renovated Lakeside Park, Tradewinds Elementary, Publix and many other local shops and delicious dining. Quick access to major highways and a short drive to the beach

Posted in Community
June 10, 2020

What is a forbearance?

The definition of a forbearance is an agreement between the homeowner borrower and the lender to delay a foreclosure.

So what does that mean in today's terms?

To request a forbearance today is to request the lender "hold back" or to allow the homeowner borrower a delay in making the payment. For some borrowers, this  may make financial sense if there was a loss in income or job loss, especially if you have a federally backed loan like Fannie Mae or Freddie Mac, which represents about 50% of all home loans. What this means to those borrowers is that the lender and/or servicer will allow the borrower to delay making the payments for a period of time and then will add those missed payments to the back end of the loan.

Unfortunately, for some borrowers who do not have a federally backed loan, the lender and/or servicer may require that homeowner borrower to "catch up" with their payments before making the next payment. So, for example if a borrower received a forbearance for 4 months, they may have to pay the entire 4 month delay before making the next payment whereas a FannieMae or FreddieMac loan may put those payments at the end of the loan.

If you want more information regarding forbearances, if it makes sense for you and/or how it affects you moving forward, let us know. We are here to help! 

Posted in Short Sales
April 9, 2020

Waterfront Home in East Boca Raton for under $1,000,000

700 NW 7th Avenue, Boca Raton, FL 33486

This stunning updated and expertly designed estate home located in the heart of Boca offers endless style, luxury and fine living throughout. The modern impact glass sliding doors off of the spacious living area pocket all the way back behind the wall, providing expansive open views of the private and lush backyard and pool which also overlooks the El Rio canal with access to the ocean.

The entire first floor features Mexican tile flooring throughout, which beautifully compliments the modern yet rustic interior design. The second story features all 3 spacious bedrooms and stunning oak flooring throughout. Central to the home is a chef's dream kitchen with a Viking range and hood, gas stove top, double oven and French door refrigerator! You also have your choice of a single drawer dishwasher or a full dishwasher for easy kitchen cleanup!

This home has also been updated with full impact glass windows and new plumbing throughout as well as added high hats, ceiling fans, security cameras and exterior uplighting.

From this amazing location you can walk to Mizner Park or hop in the car for just a minutes drive to endless fine dining, shopping and beaches!

 

For more information or to schedule a private showing, please reach out to us.

Feb. 14, 2020

Inside Look at a $5,650,000 Intracoastal Waterfront Home in Boca Raton

This luxurious home is located in the Boca Keys Subdivision in East Boca Raton.

A rarely available Boca Raton dream estate located on an oversized waterfront point lot, abutting the intracoastal and access canal, offering both South and East direct water views and access. This Tuscan-styled estate was built in 2002 and provides 233 feet of water frontage, dockage for up to 75' yacht, almost 9,000 square feet of living space, 6 bedrooms, 8.5 bathrooms, 4 garages, elevator, home theatre, home gym/sitting room overlooking the waterway, pool and endless luxury.

Take a peek:

The professional landscaping greets you as you approach this extraordinary home. Enter and be impressed by the grand staircase with stunning wrought iron railings and an elegant statement chandelier. The luxury architectural details throughout the estate including coffered ceilings, crown moldings, grand entry foyer, custom mill work, imported marble and stone, chef's dream kitchen with high end gas appliances, dual refrigerators, spacious island, breakfast nook overlooking the water, large bar area and high-end elements throughout will leave you amazed at the thoughtful design and detailing to be found in every room.

The spacious master retreat offers beautiful design elements, a stunning fireplace and built in TV unit and connects to a private balcony overlooking the water. You can also overlook the water from the large soaker tub in the hers master en-suite.

Additional features include all new air conditioning units, first and second floor laundry, outdoor BBQ, generator and more.

This is an extraordinary opportunity to own a remarkable Boca Raton estate a rarely available oversized waterfront point lot!

For more information, reach out to us at 561.395.8418

Dec. 5, 2019

SMART Homebuyer Event - Is it for me?

YES! It is for everyone!!

We are so excited to invite you to our SMART Homebuyer Event! Do you want to learn the insider secrets of home buying? Then come learn with our special guest Matt Weaver of Cross Country Mortgage. Whether you are a first time homebuyer or an experienced buyer, you will DEFINITELY want to attend this event! And get this...just for attending, you will receive over $15,000 in discounts towards your next home purchase!

If you are looking to buy or sell real estate in Palm Beach or Broward County, feel free to give us a jingle at 561.395.8418. Or you can email us info@pbprealestate.com. We look forward to seeing you there.

TO REGISTER for the event click HERE

Someone currently owns a home, what value is there to attend the SMART Homebuyer Event?

Current homeowners should attend the event as we have found that about 60% of existing homeowners today are NOT in their ideal home. What we do is we go over a 5 step exercise to see if they can actually afford buying their ideal home. Interestingly enough, about 40% of the attendees end up understanding that they can do that and end up selling their home and then buying their ideal home.

If you are interested in looking for your ideal home, please join us at the SMART Homebuyer Event. We would love to see you there!

TO REGISTER for the event, click HERE

Say someone does not have closing costs...can they still buy a home? And should they be attending the SMART Homebuyer Event?

Absolutely! It is a question that I have been getting for many years - If I do not have closing costs, should I still go out and shop for a home? Look, on a $300,000 house, the closing costs would be anywhere from $8,000 to $9,000. It's a lot of money. At the SMART Homebuyer Event, what we do is we go over key strategies as to how to avoid them so that you do not have to come up with that type of money.

TO REGISTER for the event, click HERE

If someone doesn't have a down payment to purchase a home, should they still attend the SMART Homebuyer Event?

YES! Did you know that there are close to 5,000 homes for sale today in Palm Beach County that can be purchased without a down payment? Most people do not know that. At the SMART Homebuyer Event we go over in detail key strategies and loan programs that you can actually purchase a home without having a down payment whatsoever. We would love to see you there.

If you want to learn more, definitely attend the SMART Homebuyer Event.

TO REGISTER for the event, click HERE

So someone is an investor...should they attend the SMART Homebuyer Event?

YES! We actually go over in detail a program to where you can buy a duplex, triplex or even a quadroplex with as little as 3.5% down. It is a wonderful program and most people are unaware of this program. So if you are thinking about investing into Real Estate, I happen to think that you should be attending the SMART Homebuyer Event.

For any of you investors out there that are looking to put some money in an investment property, we would love to see you at the SMART Homebuyer Event.

TO REGISTER for the event, click HERE

You have found the PERFECT home, it is exactly what you want but it needs some renovations...so how do you get that home and the renovation monies that are needed to fix up the home?

At the SMART Homebuyer Event what we go over in detail is an actual program to where you can actually borrow $35,000 at closing to renovate the home to your liking. The renovations can include kitchen, bathrooms, roof, almost anything that you can possibly think of and you can actually borrow that money at closing.

So if you want to learn more about buying your perfect home and getting your renovation costs, definitely come to the SMART Homebuyer Event!

TO REGISTER for the event, click HERE

So if you are looking to sell your home and want to purchase your IDEAL home, or you are a first time homebuyer, or investor, and want to learn more about buying and selling real estate, definitely come to the SMART Homebuyer Event!

To register and see upcoming dates and locations, please click HERE and scroll down to read and learn more about the event. Dates fill up fast so be sure to register!

We are excited to see you there!

 

Posted in Events
Nov. 26, 2019

Boca Raton and Palm Beach County Real Estate Market Update OCTOBER 2019

Inventory Continues to Tighten As Prices Remain Steady

Hello Everyone and thank you for watching. This is Gia with Palm Beach Premier Real Estate here in Boca Raton Florida with your 2-minutelocal market report for OCTOBER 2019.

So here’s a quick take on the numbers that came out from the Realtors Association of the Palm Beaches

The message from your team here at Palm Beach Premier Real Estate this month is: Inventory Shortage and Affordability Continue to hinder market activity.

So let’s take a closer look at the local internal real estate market numbers…. What we’re seeing is the following:

  1. The median sales price of a single family home in Palm Beach Countywas $359,000 ….. up 3.3%than a year ago.
  2. The number of RESALE housing units soldexperienced a 6.2% DECLINE from last year
  3. The inventory of homes for sale in Palm Beach County has tightened once again with a large 9.7% drop in the number of active listings and 4.5 months overall supply of homes (remember that 6 months is considered s balanced market).
  4. Trends were a little different in the condo and townhouse market. The typical Palm Beach County condo that sold in October fetched $172,000 down sharply from last month and a year ago
  5. Luxury homes are continuing to take significantly longer to sell while demand for entry-level homes remains intense
  6. The amount of time it took to get a contract jumped again versus last year for single family homes with properties now taking closer to 54 days to get a contract…and a whopping 9.6% longer than last year for condos and townhomes. The luxury end of the market of course is taking far longer  - on average taking nearly 6 months for properties greater than $1 million.

Now at the same time, against this background of sluggish real estate sales, we do have a disconnect what with the stock market at an all-time high, mortgage rates are at or near historical lows and very low unemployment numbers.

With those 3 advantageous economic factors in place, one would expect housing to be a major beneficiary and yet sales are falling and prices are only slightly appreciating.

It begs the question as to whether affordability is becoming more of an issue – something that we’ve been talking about for months here?

Also consider the fact that homeowners are staying in their homes for longer which is also negatively impacting inventory levels.

So what does that mean for Sellers? – Great question – it highlights JUST HOW IMPORTANT it is to price your properties competitively – and by that what I mean is very close to what has sold most recently. In this marketplace that we are in right now, it really is a beauty contest and a price war along with having great marketing as well.

Going forward we will definitely be keeping a continued close watch on prices, interest rates, inventory levels and the number of closed sales.

If you’ve been considering buying or selling - Please give us a call for a confidential consultation at 561.395.8418 or email us at Info@PBPrealestate.com - we’re here to help!

As always we look forward to speaking with you. Thank you again for watching. We’ll see you next time…

Posted in Market Reports
Nov. 25, 2019

Happy Thanksgiving

HAPPY THANKSGIVING!

We all have so much to be thankful for and we want you all to know how grateful we are for not only your business but also your friendship. From our team here at Palm Beach Premier Real Estate and our family to yours, HAPPY THANKSGIVING!

Nov. 25, 2019

Explore Nature Near Boca Raton Homes at Gumbo Limbo Nature Center

Explore nature near Boca Raton homes.There are so many unique species of wildlife and habitats close to Boca Raton homes. A great way to learn about them is to head to Gumbo Limbo Nature Center. Start at the nature center to learn about sea turtles, herbs, local plant species, and gopher tortoises. There’s a butterfly nursery, an exhibit on solar power, and information on safe lighting for sea turtles.

Boca Raton Real Estate Owners See the Butterfly Garden and Seminole Chiki

After getting your bearings at the nature center, head outside and explore natural Boca Raton real estate. Walk along the Ashley Trail. There are lovely mangrove swamps to see. You’ll also find an authentic Seminole Chiki, which was built in five days using cabbage palm fronds. The fronds were carefully harvested so as to promote growth. The chiki now serves as an outdoor classroom. With its view overlooking the Intracoastal Waterway, you can sometimes see juvenile sea turtles, manatees,and herons. The Butterfly Garden is reached via the Ashley Trail. It is home to monarchs, zebra longwings,and sulphur butterflies.

The Boardwalk Trail goes in the opposite direction from the nature center. The trail goes through a Tropical Hardwood Hammock. This ecosystem is now quite rare, but it was once common throughout Florida. Take time to see plant species including gumbo limbo, cabbage palm, and strangler fig. If you’re very quiet and lucky, you’ll also see some of the more shy animals, like red-bellied woodpeckers, five-lined skinks, and grey foxes. If you’re planning a picnic, follow the Boardwalk Trail all the way to Red Reef West Park, as food is not allowed in Gumbo Limbo.

Residents of Boca Raton homes who want a more in-depth experience of the habitats of Gumbo Limbo should check out the many programs offered throughout the year. Day camps for kids are scheduled during school breaks and all summer long. Get exercise and see the Intracoastal Waterway with a knowledgeable Gumbo Limbo guide. There are canoeing, kayaking, stand up paddle boarding adventures. Kids as young as 6 are welcome, as long as they have an adult with them.

Visit Gumbo Limbo and plan your trip today! 

 

Nov. 18, 2019

Retirees Relocating to Palm Beach County Need a Great Agent

Get a good agent if you're relocating to Palm Beach County.Many people want to move to a place with great weather and lots to do once they retire. Relocating to Palm Beach County is a dream for lots of retired home buyers. Not only is the weather nice and warm, the beaches are gorgeous, there are plenty of great places to eat and go shopping, as well as world-class medical care. Another great feature is that Palm Beach real estate offers great variety.

Decide on Your Palm Beach Real Estate Priorities Before House Hunting

In order to feel in control of the house hunting process, you and your spouse or partner, if you have one, should sit down and make a list of priorities for your new place. What is your motivation for relocating to Palm Beach County? Being close to the beach is a big reason. Downsizing is another reason. Some people are looking for a community with lots of amenities, like a pool, exercise facilities, and a clubhouse. Others really want to be done with landscaping maintenance and are happy to pay an HOA fee so someone else takes care of it. For those moving from another state, lots of community activities and clubs can help them make new friends.

Something else to consider is how long you plan to stay in your new home. If you want to age in place, you need to consider accessibility. A single story house is a good choice, or at least a first-story master bedroom. If you’re looking at condos, does the building have an elevator? Inside either a house or condo, look for halls wide enough for a walker or wheelchair.

If you’re planning a Palm Beach County relocation, you also want to find an agent with lots of experience. Be sure to interview several before choosing the one you want to work with. You want someone who has expertise in helping active adults find just the right home in a friendly community. Your agent should also be responsive to questions and open to your individual needs. Please give our office a call so we can get to know you and see if we can work together.