Jupiter, FL Real Estate News

By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
 One of mine favorite events, The Feast of Little Italy at Abacoa features over 140 vendors.  Visitors feast on mouthwatering food while watching cooking demos, wine seminars, and listening to live entertainment. Musical headliners for 2016 include Salvatore Valentinetti, Joe Piscopo, Tommy Mara and the Crests. The stage is also set for Copa, an Italian Dance youth touring company, Seans dance factory, lasagne and pizza eating contests.  Take part in the Bocce tournament children’s rides, activities and more.Friday, November 4, 2016 from 3:00 p.m. to 10:00 p.m. Saturday, November 5, 2016 from 10:00 a.m. to 10:00 p.m. Sunday, November 6, 2016 from 10:00 a.m. to 8:00 p.m.Parking is free and there is easy and convenient parking located around the Feast of Little Italy. Parking is available...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
What Renovations Give You The Biggest Bang For The Buck If you are trying to get your home sold and need to update hear is a list from A-Z that you should follow. It's a quick list to go from the least amount to the most amount of funds required to make those improvements.  Cleaning Removing OdorsTermite Bond Pressure WashingHeat/AC Service Fixing Roof Leaks Staining decks Framing mirrors Changing Faucets Replace Front Door PaintingCarpetAdding GraniteLandscapingCabinet RefacingNew Appliances 
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By Drew Saporito, Native Realtor
(Keyes Company )
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how far the market has come since January 2012 when distressed sales accounted for 35% of all sales.Existing Home Sales Hit 2nd Highest Figure Since JuneMortgage interest rates remained well below 4% in September at 3.46%, prompting existing home sales to stay at a healthy annual pace of 5.47 million. Month-over-month sales were up 3.2%.Inventory of homes for sale remains below the 6-month supply that is necessary for a normal market, as it fell 2.2% to a 4.5-mont...
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By Drew Saporito, Native Realtor
(Keyes Company )
There are many potential homebuyers, and even sellers, who believe that you need at least a 20% down payment in order to buy a home, or move on to their next home. Time after time, we have dispelled this myth by showing that there are many loan programs that allow you to put down as little as 3% (or 0% with a VA loan).If you have saved up your down payment and are ready to start your home search, one other piece of the puzzle is to make sure that you have saved enough for your closing costs.Freddie Mac defines closing costs as: “Closing costs, also called settlement fees, will need to be paid when you obtain a mortgage. These are fees charged by people representing your purchase, including your lender, real estate agent, and other third parties involved in the transaction. Closing costs...
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By Christian Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987
(The Christian Penner Mortgage Team)
For Jupiter Mortgage Shoppers, Bad News Isn’t Always BadIf you keep track of the ebb and flow of U.S. economic news, you might also be aware of how it relates to some things that happen here. Particularly in the way the Palm Beach County’s mortgage rates have been responding to the ups and downs of announcements from Washington, the cause and effect relationship has settled into a fairly predictable tango. Last month was no exception, with a dip from afar leading to some more good news here.The less-than-buoyant news from Washington came in the form of what CNBC called a “weak” Gross Domestic Product reading for the second quarter. That news caused a drop in mortgage interest rates, which triggered an increase in home purchase applications (now 13% higher than a year ago) and a 10% incr...
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By Drew Saporito, Native Realtor
(Keyes Company )
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the selling price when performing the appraisal for the bank.Every month, Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their Home Price Perception Index (HPPI). Here is a chart showing that difference for each of the last 12 months. Bottom Line Every house on the market ...
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By Drew Saporito, Native Realtor
(Keyes Company )
CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months. Here are state maps for each category:The Past – home appreciation over the last 12 monthsThe Present – home appreciation over the last month The Future – home appreciation projected over the next 12 months   Bottom Line Homes across the country are appreciating at different rates. If you plan on relocating to another state and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster. http://jupiterflreal.estate/past-present-future-home-prices/                          ...
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By Drew Saporito, Native Realtor
(Keyes Company )
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to help determine if now is actually a good time for you to buy in today’s market.1. Why am I buying a home in the first place?This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money. For example, a recent survey by Braun showed that over 75% of parents say“their child’s education is an important part of the search for a new home.”This survey supports a study...
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By Tracey Lavoll, Lavoll Real Estate Group serving Palm Beach County
(Keller Williams of the Palm Beaches)
Home Sold In Desirable Egret Landings!These buyers are enjoying a move in ready, totally upgraded home in sunny Florida.577 Scrubjay LaneJupiter, FL 33458     Price$560,000OverviewMaps                                                                                        Main Features                                                                                                 4 Bedrooms                                                                                                  3 Bathrooms2 GaragesInterior: 3,267 sq ftYear Built: 2000 Location577 Scrubjay LaneJupiter, FL 33458 
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By Kevin J. May, Serving the Treasure & Paradise Coasts of Florida
(Florida Supreme Realty)
         My first memory of a hurricane was that of Donna in 1960. I sat and watched its power bend and break branches of huge oaks and maple trees even uprooting a few. I had no concept of wind speed and rain or flood effects at the time only the raw power I observed. I did not live in a coastal area at the time but now I do and analysis of storm surge, wind speed, rainfall and tides complicate matters.          I won't dwell on the technicalities because there's an additional unpredictable factor that helped us immensely to survive Hurricane Mathew relatively unscathed. The fact is Mother Nature decided to be on our side in Florida and brought only tropical storm force winds along the majority of our coastline. I am thankful for that but take it with a grain of salt because as with re...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
The Daily (093016) Hot Sheet of Top Real Estate News Trending Now   Study: Fla. ranks fourth as business friendly stateTax Foundation: A study of state tax codes that analyzes 100-plus variables in five categories finds that only three U.S. states tax businesses less. Read more4 Fla. metros at top of 'best cities to invest' listOrlando ranked No. 1 as the best city in the U.S. to own investment property in a GOBankingRates survey, and Tampa came in second. Miami came in 10th and Jacksonville No. 13 in the top 15 list. Read more.Pending sales down in Aug. as inventory shrinksNAR: Low supply took the wind out of housing market momentum as more buyers are put off by steeper home prices or disheartened by the competition. Read more.Average 30-year mortgage rate slips to 3.42%Long-term mortg...
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By Christian Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987
(The Christian Penner Mortgage Team)
10 Least-Favored Listings Features Draw Jupiter ReadersYou don’t have to be planning to add your own home to the Jupiter listings to be curious about how it would do if it were up for sale. If you are considering a change of residences, it’s twice as likely that you have been checking out the latest listings in Jupiter to see what comparable properties are asking, which are already under contract, and which have been listed for the longest times…Most important in the interest any listing elicits is the photography—combined with the Big Three: Asking Price; Number of Bedrooms; and Number of Bathrooms. But there is also the list of possible amenities—and how each stacks up with buyers across the nation. Some of them seem to attract the most eager buyers, while others seem to draw the most...
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By Drew Saporito, Native Realtor
(Keyes Company )
The National Association of Realtors, The Mortgage Bankers’ Association, Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017. Here is a chart showing what each entity is projecting in sales for this year and the next.As we can see, each is projecting sizable increases in home sales next year. If you have considered selling your house recently, now may be the time to put it on the market.http://jupiterflreal.estate/home-sales-expected-increase-nicely-2017/  
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By Drew Saporito, Native Realtor
(Keyes Company )
 According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question:In today’s housing market, is it better to rent or buy a home?The index examines the entire US housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of stocks and bonds.” Ken Johnson, Ph.D., Real Estate Economist & Professor at Florida Atlantic University, and one of the index’s authors ...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
The numbers are in for August, 2016 for Palm Beach County Florida cities. The biggest benefit in this monthly marketing report for our readers is to provide content rich local information.   Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Palm Beach County Florida. Please feel free to call me for any of your real estate needs. Serving Palm Beach County since 1975 One World Realty 561-685-0976
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By Christian Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987
(The Christian Penner Mortgage Team)
 For Jupiter Homeowners, Virtual Staging is a 3rd AlternativeIf you set your sites on selling your Jupiter home in short order for the best price, one of the most reliable ways to add to your effort is to introduce effective home staging. If you have the requisite artistic flair and some time to devote to the project, you can try your hand at staging your house yourself. Alternatively, you can turn the project over to a professional Jupiter staging company.And for quite a while now, there is a third alternative.The importance of good staging is undeniable. It is sometimes called “the gentle art of temporarily redecorating a house”—and it’s a gentle art that’s been found to be an effective adjunct to many a home’s marketing campaign. The National Association of Realtors® research shows t...
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By Christian Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987
(The Christian Penner Mortgage Team)
Just a Few Basics Make an Intro to Palm Beach County Real EstateAs every college freshman will tell you, it’s those “Introductory” classes that can wind up being the most time-consuming. Since they cover a lot of territory dealing with subjects that are new to you, they can be the hardest to keep up with. If Jupiter real estate had its own college department, its “Introduction to” class might be a lot easier than some of the other departments’—but there would still be a few basics some of the freshmen might need to master before proceeding much further.When it comes to Jupiter real estate, the equivalent of the freshmen are the first time home buyers. They don’t need a whole class to be prepared to dive in, but they should be aware of some basics. Some financial preparation comes first:...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
It's that time again and if you are close drop by for this fun even.! Food Truck Invasion this Friday, September 9th from 5:30pm to 10pm. So many delicious food choices! Something for everyone.
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
  The numbers are in for July, 2016 for Palm Beach County Florida cities. The biggest benefit in this monthly marketing report for our readers is to provide content rich local information.   Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Palm Beach County Florida. Please feel free to call me for any of your real estate needs. Serving Palm Beach County since 1975 One World Realty 561-685-0976
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
What can be more fun on a summer’s day than hanging at the beach and watching dogs surf! Yes, August 27, 2016 marks the 2nd Annual Hang 20 Surf Dog Classic at Carlin Park in Jupiter.The schedule for Hang 20 Surf Dog Classic is as follows (subject to change.)Beach Registration: 7:45 a.m. – 8:30 a.m.Small Dog Surf Heats: 8:30 a.m. – 9:00 a.m.Medium Dog Surf Heats: 9:00 a.m. – 9:30 a.m.Large Dog Surf Heats: 9:30 a.m. – 10:00 a.m.SUP Dog Surf Heats: 10:00 a.m. – 10:30 a.m.Awards Ceremony: 10:30 a.m. – 10:45 a.m.Introduction of Adoptable Furry Friends: 10:45 a.m.-11:00 a.m.Purina Dog Performance Show: 11:00 a.m. -11:30 a.m.Live Music (Brett Staska) & Shopping: 11:30 a.m. – 1:00 p.m.Purina Dog Performance Show II – 1:00 p.m. – 1:30 p.m.Live Music (Bryce Allyn) & Shopping: 1:30 p.m. – 3:00 p.m...
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