October 2022

Interested in investing in real estate? You’ll need to understand cap rates.
A property’s cap rate (or capitalization rate) is an estimate of its rate of return. To find a property’s cap rate, divide the net annual income you expect it to generate by its current market value.

Cap rates are a great tool for comparing properties, but they don’t tell the whole story! You also need to account for financing costs, management expenses, and more.

Are you searching for an investment property that will pay off? We can help! Contact us today for a free consultation.

Are you a collecteur?

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You need to know about the 5-year rule.

Some financial experts caution against buying a home unless you plan to own it for at least 5 years. This is because there are costs associated with purchasing and selling a home, and it may take time for the property’s value to rise enough to offset those expenditures.

If you aren’t sure about your new area or think you will need to move soon for work or family, you may be better off renting for now.

But if you plan to stay in your community long term, purchasing a home can be a fantastic opportunity. That time will allow you to build equity as your home value appreciates. Plus, you’ll gain a priceless sense of security and stability.

What other factors should you consider before taking the plunge

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their October 2022 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:

Where is the Luxury Real Estate Market Headed?
It is hard to picture that less than 12 months ago, the luxury real estate market was on a strong upward trajectory, consistently seeing demand increase, prices soar, and inventory levels fall.
Even though we realized that this trend could not continue infinitely, the speed at

Scent has a powerful impact on our emotions—and it can make or break how potential buyers react to your home.

That’s why it’s essential to make sure your home smells its best before an open house or showing. Here’s how:

- Give it a good scrub. Wipe down all surfaces, paying special attention to the kitchen and bathrooms. Use neutral-scented products whenever possible.

- Take out the trash. Empty all trash cans, even well-sealed ones, to keep any smells from escaping. Plus, no one wants to see your garbage!

- Clean the carpets. Eliminate built-up dirt and pet dander by having your carpets professionally cleaned. They’ll look better, too.

BONUS:
- Whip up a treat! Baking cookies is a classic real estate agent’s trick to make a home smell

With the world’s leading shipyards in attendance, Monaco Yacht Show saw the announcement of numerous concepts, new builds and updates on existing projects.

In case you missed anything during the show BOAT has rounded up the top stories not to be missed.

From Feadship's 85m Slice with panoramic glazing and an atrium to the 210m TWO10 by Meyer Yachts, here are the most impressive new concepts revealed in Monaco a few days ago.

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Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.

A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher mortgage rates to the mix, and some would-be buyers are wondering if they should wait to see if prices or rates come down.

But is renting a better alternative? Rents have also soared along with inflation – and are likely to continue climbing due to a persistent housing shortage.2 And while homebuyers can lock in a set mortgage payment, renters are at the mercy of these rising costs for the