Inventory is low--More Buyers Less Sellers

Inventory is low. More Buyers Less Sellers  Feb. 2015

As expected Homes for sale inventory is getting low, and that means one very important thing. Better homes are for sale are on the housing market.
What I mean by that is this, Most homes owners are not desperate to sell, most home owners are not thinking they can retire on what the make selling their homes, as they did several years ago before you know what happened.
Of course low inventory means homes for sale are not on the market long and often will bring multiple offers. Condition and upgrades are very important when selling a home.
Cash offers usually get the purchase over a buyer trying to get a mortgage.
I would recommend getting your mortgage approval before you start looking for a new home so you know what you can look for and can afford.
In this area the Condo dwellers better know as Snow Birds go back to their summer homes in the North East and Mid Western parts of the country.
So for most, the focus is more on buying a single family home rather than a condo.
Young families with children are looking to move, want to settle in before school gets started.

O.K. here is the commercial. Buying or selling I can help you achieve your goals.

Please check out my website www.liveandplayindelray.com for more

information on buying or selling your home.

Thank you

Joe
Joe LaViola
Lang Realty Inc.
900 East Atlantic Ave
Delray Beach, Fl. 33483
561-251-1011

josephlaviola@msn.com

 

No Bubble...No Panic

I think when a so called Real Estate expert starts to talk, someone should tape their month.
I have already heard a couple of news casts talk about "another Real Estate Bubble."

Yes prices have gone up since last year, Yes there have been more sales since last year.
Here are the real facts. Here in Florida in January, February, and March, we have Snow Birds from all over the U.S. and Canada and other parts of the world looking to buy a winter home here. They sign purchase contracts during those months. Therefore sales "closings" or as some of my Boston friends call it "Pass Papers" during April and May showing an increase in Real Estate sales for those two months. So lets wait and see what happens in June and July.

Now I know coming from the North East myself, the spring and summer months will pick up with single family homes. Still this dose not mean a another Real Estate Bubble. So lets wait and see what happens in June and July.

Now back in 06, 07, if you tuned into a news show such as CNBC, all you hear was the Real Estate Bubble, when would the crash come? It made me sick.
While listing and selling back then, I remember a place where I sold over $2,000,000 in condos. During that time there was consistently 40 + condos for sale listed on MLS every month for over 2 years. Some stayed on MLS for over a year.
I had many listings there. When I asked why  are you selling, I had a verity of answers. Take the money and run, going to make money and live with my kids, and some even said I don't know, everybody else is selling.

Panic then, no panic now. That same condo complex has as of today 12 on the market for sale.
Inventory is low, prices are low and mortgage rates are low. A great time to buy your new home here is South Florida.

For most people, Owning a new home is still the American Dream. As everyone knows the last several years made it a nightmare.and for most impossible to achieve.

The Real Estate bubble which as far I am concerned was caused by greed, by banks and developers who built homes like there was no tomorrow.
Some people blamed it on the buyers. This is true if you where one of those who sat on lines even before the ground was broke to buy up a condo or house with the intention of flipping and make what you may have though a fortune.
But as we all know that did not happen for the majority. Most fell into foreclose and short sales. Real Estate bubble bursts.
I do believe most buyers where just full filling their American Dream, to own their own home.

That brings us to the Real Estate market today.
Inventory is a little low which causes home prices to rise. Keep in mind there are a lot of homes the banks are holding back on foreclosing so the market won't truly collapse. This is good. They where the partial cause of the problems we now have so they are now getting a little smarter.
This is a great time to buy a new home. Prices are low and mortgage rates are low. If you have the down payment and can afford a new home now is the time to buy. Let me caution you on one thing, when it comes to mortgages. To me you should only get a fixed rate mortgage. I know the banks and mortgage companies will show you the low payments you will have in an adjustable rate mortgage.
But in 5 or 7 years no one knows where that rate may be. If it goes up you may not be a financial position to pay your new higher mortgage.
I hope this information was helpful.
For more information on buying or selling a home in the Delray Beach...Boca Raton...Highland Beach areas please e-mail me at josephlaviola@msn.com
Joe LaViola
Lang Realty Inc.
900 East Atlantic Ave
Delray Beach, Fl. 33483

Tropic Isle Delray Beach Florida

Beautiful Tropic Isle in Delray Beach, Florida

Offering Single Family Homes on the Intracoastal Waterway and homes on deep water canals.

No fixed bridges and easy access to the Atlantic Ocean.

Homes with 3, 4 and up to 7 bedrooms. All the comforts you desire for that great Florida Lifestyle. Come and have fun in the Sun.

Call Joe LaViola for showings in the great community. No HOA

561-251-1011

Lang Realty

900 East Atlantic Ave
Delray Beach, Florida 33483

http://www.liveandplayindelray.com

Professional Teacher Artist Realtor

Professional Teacher Artist RealtorI have mentioned before I consider myself and I am sure all Realtors would called them self's Professionals.
As a professional I go to work everyday ready and dressed for business. I prepare myself to meet new and old clients whether they come into the office. or out of the office for a meeting. I am prepared to close a sale on a new home, get a listing agreement, get an offer on a new home for one of my clients.I am ready as a professional real estate agent doing something I love to do help clients and friends with all there real estate needs. And sometimes just being there to talk with them. My door is always opened. And everyday I show up ready to go.
I also consider myself an Artist. Being a restaurant owner and Chef I was always using my imagination to create a new dish for my menu. A dish that would make your taste buds explode and you craving more.So think about this. Have you ever looked at yourself as an artist. Think about this. You first make contact with you clients who are looking for a new home . They tell you what they are looking for, bedrooms, bathrooms, price range, pool, ocean view, condo, single family home. You go to you canvas, to us its the flat screen monitor, you search the MLS for what your clients have told you they wanted in a new home. You the artist, you are picking out your paints, your colors, the homes show your clients. You go out with your clients in search for that masterpiece, the home of there dreams. As you go from one home to another picking out the best features of each home you see, its like you are putting the beautiful colors to your canvas. Once you have found this perfect home for them and you are sitting at the closing table, all you have to do is sign your masterpiece. You the Artist. Maybe crazy, but its fun.
Now the Teacher. You have to educate your clients about this crazy market we have in this country today. Unlike anything I and I am sure most Realtors have ever seen before, with all the homes on the market, the short sales, the bank owned properties. We are selling in a different world. You as a teacher have to help them in making the right desissions, When you are showing homes you need to explain what is happening in the market today. The good, the bad and the ugly. I have seen in the last few months and for this time of the year here in Florida we have had an increase in buyers looking for great deals. Unaware of some of the problems with especially short sales, the length of time it could take and not get the approval of the sale because the offer is to low. People have the misconception that every home owner whose house in on the market is desperate to sell. Its not that way in most cases.
If I have a client and I have had, I do my best to tell them the right and wrong way to buy a house. I have to be the Teacher. I just hope they listen.
For information on Delray Beach Real Estate go to www.delraybeachprimeproperties.

Pelican Harbor in Delray Beach

Pelican Harbor located on the Intracoastal Waterway southeast section of exciting Delray Beach Florida
Featuring Single Family waterfront and pool homes, Condominiums and Townhomes.
This marina community has the best of everything. 2 large community pools, one located by the lighted tennis courts and the other pool is located by The Royal Pelican Yacht Club on the water with a deck and Tiki Bar over looking the docks of Pelican Harbor. With a wide variety of activities, residents are invited to join participate.Club House to meet and have fun, and a Fitness center Plus a Guard gated Community.
Driving through Pelican Harbors brick paved streets and tropic landscaping makes the beautiful setting a great place to call home.
Pelican Harbor has water on three sides making it a great boating community, deep water and no fixed bridges to The Atlantic Ocean, making easy access for your boating pleasure.
Single Family Homes feature many floor plans for all you needs, offering 2, 3, and 4 bedroom homes. Townhomes and Condos features 2 and 3 bedrooms. Intracoastal, Bay and Canal views.

Pelican Harbor is a few short minutes from exciting downtown Delray Beachs Atlantic Avenue shoppes, restaurants, day and night life and Delrays fabulous Beach.
Minutes to the south is Boca Raton great shoppes and restaurants.
Delray Beach is located in between Palm Beach International and Fort Lauderdale International Airports.
Come and have fun in the sun, come to Delray Beach Florida
For more information on Delray Beach Real Estate and Pelican Harbor
josephlaviola@outlook.com
Please click on
www.delraybeachprimeproperties.com

Toscana at Highland Beach Florida

I have been writing mostly of Delray Beach and Delray Beach Real Estate. I would like to tell you of another great place to hang your hat.
Highland Beach Florida is 3 miles of beautiful Florida Real Estate on A1A. It has its own Fire and Police Departments. a library, water company, Post Office, St. Lucy Catholic Church, and city government.

Highland Beach is located between the Atlantic Ocean to the east and the Intracoastal Waterway to to west. Connected to Delray Beach on the north and Boca Raton to the south.
Highland Beach has Condo and Townhome living, as well as Multimillion dollar homes with both permanent as well as seasonal residence.
I would like to tell you about one of great condo complex in Highland Beach.
My personal favorite is Toscana at Highland Beach.
Toscana is Mediterranean-style classic with a private Ocean Club directly on the Atlantic Ocean. Located in prestigious Highland Beach, and nestled between the Intracoastal Waterway and The Atlantic Ocean. Toscana features fron 2000 to well over 5000 square feet in living space. Toscana also features Rotunda Reception Gallery Foyers, Luxury 2 and 3 Bedroom Units, Spacious Master Bedroom Suite, Stunning Living Room with Breathtaking Views. Custom Marble Bath, Luxurious Jacuzzi Tub, Custom raised Vanities with Mable top. 9' high Coffered Ceilings, Sold Core, Double-Door Entry. Separate Dining Room for Formal Entertainment. Spacious Terraces(s). Stunning Living Room. His and Hers Walk-in Closets. Premier location between Boca Raton and Highland Beach,Other features include, Manned 24 hr.gate and manned lobby. State of the Art Fitness Centers, Heated Resort-style Pools and Beach Front Mediterranean Style Clubhouse. Poolside Chaise Lounge and Towel service, Poolside Beverage Service, Beach side Beverage Service. Valet parking, Concierge,Assigned Covered Parking, Private High-Speed Elevators, Tennis Courts, Business center, Social Room with Bar and Serving Pantry.

For information on Toscana go to http://www.delraybeachprimeproperties.com/ search communities button
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