Boca Raton Real Estate Blog

From Paros to Phuket Top 8 islands to buy a vacation getaway with ROI potential in 2023 for Jean-Luc Andriot blog 012423

Here is a selection of best-in-class global destinations that are ideal holiday spots and might offer meaningful return on investment opportunities.

Savvy investors seeking out second homes are searching for real estate in corners of the world where properties are easy to rent out. Providing vacation opportunities and passive income across the remainder of the year, these residences also have the potential to increase in value.

If you’re looking for an island destination that offers a laid-back lifestyle, luxurious real estate listings, and a stable tourist stream, consider this recent survey by Travel + Leisure.

As part of their World’s Best Awards, the leading travel source highlights a selection of appealing getaways.

They asked readers

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January 2023 - MVP - 2023 New Year's Resolutions for home buyers for Jean-Luc Andriot blog 012323

New Year’s Resolutions for Homebuyers
Thinking about buying a home in 2023? Add these resolutions to your list.

1. Check your credit score. This number is essential to landing a mortgage, so it’s important to know where you stand. Many credit card companies and banks allow you to check for free!

2. Pay down debt. The amount of debt you hold affects both your credit score and the amount you are eligible to borrow. The less you owe at the time of purchase, the better!

3. Save up for a down payment. The more you can offer, the more options you’ll have—but don’t forget to set some money aside to cover closing costs and moving expenses.

What else do you need to do to prepare for a home purchase? Reach out for a free consultation.

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Jean-Luc Andriot Luxury market report Boca Raton January 2023 for Jean-Luc Andriot blog 012023

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their January 2023 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

A Year in Review - 2022

The best way to describe 2022 might be that it started with a ‘boom’ and ended with a ‘fizzle’ – certainly this is an apt description when looking at the declining sales each month over the last year. At the start of 2022, new inventory, especially for property types in high demand, flew off the

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January 2023 - Jean-Luc Andriot - Good News for Mortgage Rates in 2023 for Jean-Luc andriot blog 011723

Throughout 2022, mortgage rates climbed rapidly, forcing many homebuyers to rethink their budgets. 
But there’s good news on the horizon in 2023. Experts predict that rates will fluctuate much less this year – and could even trend down.

Visit our latest blog post for details and to find out how home sales and prices will be impacted in the coming year.

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Tampa Florida or Tampa Kansas for Jean-Luc Andriot blog 011123

Every one of the 105 Kansas residents in the town of Tampa, Kansas were invited on a free trip (courtesy of Visit Tampa Bay and Southwest Airlines) to visit the sunny city with the same name in Florida—so they can experience ‘the other Tampa’.

Most of the group who were able to attend had never been to Florida, and most of the children had never flown in an airplane. ✈️

Can you think of another town in different states that share the same name?
I think next year residents of Tampa, Florida should visit their sister city in Kansas! Could be fun!

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Ski home inspired by the James Bond movie 'Spectre' is up for sale for Jean-Luc Andriot blog 010523

The property, called "Snowfall", is located in Park City, Utah, with an asking price of $32 million.
A 15,000 square-foot home is being constructed in Park City, UT at the top of the Deer Valley ski resort that is inspired by the glass house in the James Bond movie “Spectre.” It’s referred to as “Snowfall,” an homage to another Bond film, “Skyfall.”
It’s listed with an asking price of $32 million. But construction won’t be finished until the 2023/2024 ski season, the home’s developer, Matt Alcone of Alcone Ventures.

Read on

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January 2023 - Jean-Luc Andriot - Blog Post Image for Jean-Luc Andriot blog 010423

Last year, one factor drove the real estate market more than any other: rising mortgage rates.

In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly.

Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.

So what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While

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