Joseph Santini's Real Estate Blog

Height of the Season in Boca Raton, Florida

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Mon, 08 Mar 2010 07:32:32 -0600

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.

Incedible Waterfront Prices in Boca Raton, Florida

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Fri, 05 Mar 2010 06:52:55 -0600

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!

New Loan Modification Legislation Coming Soon

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Wed, 03 Mar 2010 07:48:32 -0600

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.

Boca Raton, Florida Luxury Property Market Report for February 2010

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Tue, 02 Mar 2010 19:50:30 -0600

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

All Price Ranges Busy in Boca Raton, Florida Real Estate Market

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Fri, 26 Feb 2010 07:51:39 -0600

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!

Buy Your Dream Home Now and Rent it Out!

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Wed, 24 Feb 2010 07:22:28 -0600

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.

Do the Opposite of What Everyone Else is Doing

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Mon, 22 Feb 2010 12:56:51 -0600

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.

Loan Service Companies and What the Investers Don't Know

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Fri, 19 Feb 2010 19:29:58 -0600

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.

Palm Beach County, Florida Market Report January 2010

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Wed, 17 Feb 2010 08:16:49 -0600

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

A Cold Blast in Boca Raton, Florida

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Thu, 11 Feb 2010 05:43:17 -0600

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.

Boca Raton, Florida Waterfront Deals

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Wed, 10 Feb 2010 12:50:48 -0600

Whats better than living on the water in Boca Raton, Florida? Not many things. The better waterfront luxury homes and condominiums are always in demand and I am still seeing some great deals out there. Now is the time to find the one for you. If you do your research and know your values the great deals will stand out.

The Time is Now to Prevent a Massive Walk Away

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Mon, 08 Feb 2010 09:11:40 -0600

Now is the time to prevent something that will really hurt the real estate market in many areas. The banks and if need be the Federal Government need to prevent thousands of people from walking away from their homes all at the same time.

Sooner or later more and more people are going to realize that most banks really don't give loan modifications. They are also going to realize that maybe it may not be so smart to try to do the right thing and try to stay in their present home. The banks have a chance to prevent this massive walk away or they will suffer the consequences along with us, the taxpayers.

Super Bowl Mania in South Florida

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Fri, 05 Feb 2010 16:00:29 -0600

One of the benefits of such a great climate is to have the opportunity to host the Super Bowl often. What a great benefit to South Florida as the whole area is packed with people getting ready to enjoy the game!

Many of these people are getting a chance to see what a great place South Florida is to live in and some are taking some time to look at some properties. The restaurants, hotels and recreational activities are all getting a nice boost in business and Sunday should be a great game.

Top Ten Reasons to Buy Property in Boca Raton, Florida Now

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Wed, 03 Feb 2010 07:41:36 -0600

The lifestyle found in Boca Raton, Florida is one of the best you will find anywhere in the world. Here are the top ten reasons to buy property in Boca.

1. The prices are low in the current market. Buy while you still can.

2. The weather.

3. Convenient to airports, shopping, dining and recreation.

4. Pristine Beaches.

5. Low Crime Rate.

6. Great choice of public and private schools.

7. Great activities for children.

8. Tropical, impeccable parks.

9. Great code enforcement which makes Boca look like the paradise that it is.

10. Close to some of the best colleges in the country.

Boca Raton, Florida Luxury Market Report for January 2010

Joseph Santini, P.A. (Mizner Grande Realty, Inc.) — Tue, 02 Feb 2010 10:23:54 -0600

Things are very active in the Boca Raton, Florida luxury market as many real buyers are in town and they are buying. The people I am talking with are feeling good about where the market is and it seems most of the uncertainty about buying has faded. People want good value and are ready to commit when they find it. Below are the numbers for properties price at or above 1 million dollars.

Luxury Single Family Homes

Total Properties Available 516

Price Range $1,000,000 - $22,900,000

Total Properties Pending 16

Total Properties Sold 10

Price Range $1,000,000 - $2,550,000

Average Sold Price Per Square Ft. $285

Average Days On The Market 316

Luxury Condominiums

Total Properties Available 97

Price Range $1,000,000 - $6,950,000

Total Properties Pending 2

Total Properties Sold 2

Price Range $925,000 -- $1,250,000

Average Sold Price Per Square Ft. $469

Average Days On The Market 241