As we enter the last part of the high season now is the time to get your property sold! The town is packed with buyers and many of them are scooping up the better properties. Do what you have to do to show value in your property and get it done before the quiet months are here. Buyers on the fence should make a decision at this time as the market seems to be slowly improving.
Height of the Season in Boca Raton, Florida
0 comments • Joseph Santini, P.A. • March 08 2010 07:32AMIncedible Waterfront Prices in Boca Raton, Florida
Remember when it was hard to find a nice property on the water at a reasonable price in Boca Raton? Well those times will return and now is the time to set yourself up to be an owner during that time. There are so many incredible deals in all price ranges on the water right now! Oceanfront, intracoastal and lakefront all have a nice selection to choose from. Take advantage of this great buyers market!
0 comments • Joseph Santini, P.A. • March 05 2010 06:52AMNew Loan Modification Legislation Coming Soon
Since the banks are having so much trouble handling loan modifications lawmakers are looking for ways to force banks to give out loan modifications to people who deserve them. Whether this is right or wrong is the topic of a hot debate.
Lets face it, when you take a look at what NACA (Neighborhood Assistance Corporation of America) is doing around the country its not hard to see that when banks are pressed they are able to get the job done. Why don't they just do what they will eventually have to do anyway instead of dragging their feet? It will be cheaper for the taxpayers but I guess that doesn't really concern them.
2 comments • Joseph Santini, P.A. • March 03 2010 07:48AMBoca Raton, Florida Luxury Property Market Report for February 2010
Boca Raton is packed with people and there are many serious buyers here. People are feeling comfortable buying and getting great value. Below are the numbers for luxury properties price at 1 million dollars and above for the month of February.
Luxury Single Family Homes
Total Properties Available 528
Price Range $1,000,000 - $22,900,000
Total Properties Pending 15
Total Properties Sold 12
Price Range $1,050,000 - $2,500,000
Average Sold Price Per Square Ft. $292
Average Days On Market 378
Luxury Condominiums
Total Properties Available 97
Price Range $1,000,000 - $6,950,000
Total Properties Pending 2
Total Properties Sold 3
Price Range $1,200,000 - $2,650,000
Average Sold Price Per Square Ft. $701
Average Days On Market 304
0 comments • Joseph Santini, P.A. • March 02 2010 07:50PMAll Price Ranges Busy in Boca Raton, Florida Real Estate Market
All price ranges are seeing some nice activity here in Boca Raton, Florida. Buyers are looking for great value and they are finding it! Properties under $300,000 are really in demand as buyers are looking to pick up that little vacation property. Investors are also buying up properties in this price range. Great deals are still out there in all price ranges!
1 comment • Joseph Santini, P.A. • February 26 2010 07:51AMBuy Your Dream Home Now and Rent it Out!
What I'm seeing alot of is people coming down now looking to buy a property that they don't intend on using for another three to five years. They just can't let this great buyers market pass them buy so they are making the purchase now and renting it out. There are so many properties to choose from and the conditions are still great to make a good buy.
Even though its not easy being a landlord, if you find good tenants and work with the right people it will pay off in the end.
4 comments • Joseph Santini, P.A. • February 24 2010 07:22AMDo the Opposite of What Everyone Else is Doing
Talk to anyone who has ever made any money in real estate and they will all tell you the same thing. Do the opposite of what everybody else is doing. Buy when everyone else is selling.
This sounds so simple but most people don't have the strength to do it. That's why only the select few make money.
4 comments • Joseph Santini, P.A. • February 22 2010 12:56PMLoan Service Companies and What the Investers Don't Know
Loan service companies are companies that service a loan for the investor or the actual lender. During this challenging time when the mortgage industry is overwhelmed its not uncommon to find some really bad loan servicers out there.
The loan servicer has alot of power to hand out loan modifications and often make some decisions based on what they feel to be right. The problem is some of the less qualified ones often make really bad decisions costing investors hundreds of thousands of dollars and hurting the borrower at the same time.
During this busy time when good, qualified people are in demand there really is no way to fix this. Hopefully your loan servicer is a good one.
0 comments • Joseph Santini, P.A. • February 19 2010 07:29PMPalm Beach County, Florida Market Report January 2010
Palm Beach County, Florida is busy as people from around the country are in town for the winter. Properties are selling everyday and the investors are getting very active buying everything that they can. Below are the numbers for the past 30 days.
Total Properties on the Market 22,756
Total Properties Pending 3082
Total Properties Sold 1489
0 comments • Joseph Santini, P.A. • February 17 2010 08:16AMA Cold Blast in Boca Raton, Florida
When I feel temperatures like we have right now I remember how lucky we are to live here in South Florida. The nice thing about it down here is that when it dips into the 40's or 50's this time of year the worst of it is when you are sleeping and it only last a day or so. Many people will be at the beach again in a couple of days.
4 comments • Joseph Santini, P.A. • February 11 2010 05:43AM
