Boca Raton Real Estate Blog

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

Eager to slash household expenses? Look no further than your unused subscriptions.
It’s easy to get lured by subscription services that seem inexpensive.
But all that money adds up!
According to C+R Research, most consumers spend more than $200 on subscriptions every month (yikes!). And 42% admit that they’re still paying for subscriptions they never use.

Cutting back on subscription services could help you save to meet bigger goals. Sift through your automatic payments to see which ones deserve a goodbye — and you can say hello to improved money management.

Do you have some sneaky ways to save on household expenses? We’d love to hear them!
Share if you dare! 

Don’t cry for Conan O’Brien just because, after almost 28 years, he no longer has his own late-night talk show. He’s been busy enjoying the Southern California coast, where he owns two multimillion-dollar beach homes. Of course, he has been trying to sell one of his Carpinteria luxury homes for $16.5 million since July. But that didn’t stop him from picking up an even more dazzling retreat in August.

His latest purchase is in the same town south of Santa Barbara and he paid $23 million, according to Dirt. The 4,000-square-foot, cottage-style home was originally built on Sand Point in 1963.
Since then, it’s been very elegantly updated.

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Thinking about buying a home? It’s time to check on your credit score.

A good credit score shows lenders that you are a safe investment.
The higher your score, the lower the rates you’re likely to qualify for.

1. Limit your credit applications
2. Avoid closing old accounts
3. Make future payments on time
4. Pay down credit card balances
5. Fix errors on your credit report

But don’t panic if your rate isn’t there yet! You can improve it through a few key steps, and over time, that score will start to climb!

Your home’s HVAC system works hard throughout the year. Unfortunately, this can cause it to experience problems over time, often at a time when you’d really rather it not fail on you. This is why yearly maintenance and inspections are recommended, since a little bit of attention now can save you a whole lot of problems (and money) later on.

There’s more that you can do to help your HVAC system stay in good working order than just having it inspected and maintained, though. One of the big things that you can do to help is keeping your ductwork clean. This helps to prevent blocked airflow, keeps dust and other particles from being recirculated into the air, and overall reduces the strain on your HVAC unit as it tries to push air through the entire