Closing, Title Company, Tax Matters

May 2016, Keller Williams Realty monthly real estate statistics.
This very short video (1:10 minute) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

April 2016, Keller Williams Realty monthly real estate statistics.
This very short video (1:05 minute) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

 
No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home.

Know your buying power
What is your buying power? It is the combination of your credit-worthiness and how much you can realistically pay for a home.
First, you need to understand the hidden costs of buying a home. You will need to save not only for the down payment of your home -- which is typically between 10% - 20% of the offer price -- but also for any additional transaction fees, such as transfer tax, PMI, title insurance, and legal fees.
Then you need to

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March 2016, Keller Williams Realty monthly real estate statistics.
This very short video (1:05 minute) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

February 2016, Keller Williams Realty monthly real estate statistics.
This very short video (1:12 minute) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

Top Homeowner Tax Deductions That Decrease Your Tax Burden

You can't avoid paying taxes, and we all need to pay our fair share. However, paying your fair share shouldn't place an unjust burden on you. As a homeowner, your tax burden is doubled because you pay both income and property taxes. To decrease that burden and boost your tax savings, take advantage of these homeowner tax deductions. As a result, you can use your tax savings to go on a vacation, increase your child's college fund, build upon your retirement fund, or complete another home improvement project.

Home Improvement Tax Deduction

You spend so much of your time at home, and you try to make it as comfortable a place to live as possible. If your home needs some upgrades, consider

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Title insurance is practically a necessity when it comes to selling real estate. Title companies such as First Priority Title Company are responsible for conducting the closing and running the title search. Title insurance is there to protect parties in the event there is an issue with the insurable title to the property. Title insurance is separate from that of the lender or mortgage company.  The value of the home isn’t covered by the lender, therefore, title insurance is obtained.

 

Abstract of property is a total and condensed history of the real estate property. At times people are unaware of issues that may affect their property. The most common issues are unknown easements, false impersonation, forgeries, adverse restrictions or encumbrances,

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Month of November 2015, Boca Raton condominium in 33432 real estate market
(source: TrendGraphix)

In Boca Raton, 33432 is a prime zip code. It encompasses downtown Boca Raton, all the way East to the intracoastal and the ocean. These are usually luxury condos.
 

Downtown Boca is a 344-acre, pedestrian-friendly district of shops, businesses, restaurants, entertainment and luxury homes and condominium.
It was here that famed 1920’s architect Addison Mizner established his signature Spanish-Mediterranean style, which went on to become the hallmark of our buildings. Many of them have been meticulously restored to their former glory, and new construction here imitates the unmistakable Mizner style. The well known Mizner Park area, one of the earliest

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Month of September 2015 Palm Beach County real estate market
(source: Realtors' Association of the Palm Beaches)

            
From year to year September 2014 to September 2015 for single family homes:
The number of closed sales increased by 12.8% (to 1,529)
The median sale price increased by 5.9% (to $285,000)
The median days on market decreased by -35.2% (to 35)
The months of inventory supply decreased by -20.2%  (to 4.5)
The single family homes real estate market in Palm Beach County is accelerating. The inventory is becoming scarce both in availability and number of days they remain on the market is dramatically decreasing. Consequently sold prices have increased and there are fewer homes available for sale.
If you are interested in selling your home,

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So you have a contract on a new real estate property and if you are borrowing money, here are the following important impacts to closing:

The borrower must receive the Closing Disclosure three (3) business days prior to closing. It is considered to have been received three (3) business days after placing in the mail. Therefore, generally the lender will need to mail the initial closing disclosure at least six (6) business days prior to consummation. This change, while beneficial to the borrower, does put emphasis on timeline targets.

Short timeline closings will require urgent attention by all parties. Borrower, realtors, title/settlement agents, etc. will need to provide required information in a timely and urgent manner to ensure the closing

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