Boca Woods Homes for Sale: WHAT YOU NEED TO KNOW ABOUT SELLING YOUR PROPERTY RIGHT NOW!

Wednesday, April 06, 2016

WHAT YOU NEED TO KNOW ABOUT SELLING YOUR PROPERTY RIGHT NOW!

If you live in Florida, you are really in luck. Real estate prices are rapidly increasing due to the low inventories and a hot job market - it is a seller’s market. Keep your eye on the following factors:

1. Why it's a seller's market. If the economy in a particular region such as Palm Beach County has bounced back strong since the downturn that began in 2008, home prices will be higher because more people will be coming to that area for employment or to retire and relax. Most of Palm Beach County prices have outreached expectations, sometimes higher than the peak in 2007 and 2008. It may be that prices are or will be staying more steady in the near future, but they are HIGH now.

2. The price must be right. It is more important than ever to work with an experienced, licensed Realtor who understands your local market trends and issues. You will need to price your home at the going market rate that reflects not only the value of your home but the neighborhood where it is located. Price too high, and there will be little interest in your property; too low, and potential buyers may wonder what hidden issues your property may have. As a Realtor in Palm Beach County since 2000, I have been asked that question many times… “Why is the price so low? What is wrong?”

3. Going up... or down. Mortgage rates have a significant effect on the dollar figure that you use to price your home. As percentage rates go up, you have to subtract the top dollar amount you had planned to spend to compensate and stick to your budget. While mortgage rates have been historically low in order to make homes more affordable, this is a trend that may not continue in the near future so it may be prudent to buy while interest rates are low.

4. List during peak season. Take full advantage of the old rules of supply and demand. When the most people are looking to purchase a home is the best time to put yours on the market. The summer months especially June, July and August, are one of the hottest times for buyers who are planning where to be the following winter, or where to reside when school begins in the late summer and a great opportunity for you to take advantage of potential bidding wars and faster sales. Fall is a good time as well, and January, February and March are perhaps the hottest selling months.

5. Incentives. Yes, incentives work in a seller's market. Last year more than a third of all home sellers offered incentives. With a good percentage of the market made up of first-time home buyers and second home buyers, providing incentives could result in higher profit and a faster sale for you.

Want to chat about the status of the market in our area, and what incentives could help a sale? Connect with me, a luxury homes specialist, today to get started. Call or text 561-302-3388 or my landline 561-513-6180.

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BOCA WOODS MARKET UPDATE

In the last 12 months 64 homes closed ranging from a 2 bedroom 2 bath banked owned property that sold for $47,000 (on the market 98 days) to 3 bedroom, 2 ½ bath 3298 living sq ft pool home that sold for $362,500 (on market for 51 days). Currently there are 20 homes on the market ranging from a 2 bedroom, 2 bath 2008 living sq ft Pinewood model (no pool) listed for $99,000 to a 5 bedroom, 6 bath 5361 living sq ft home with pool listed for $897,000. 5 homes are pending, 4 homes are contingent.

MARILYN KNOWS BOCA WOODS

Boca Woods offers great value with spacious homes, many with water views and screened pools. Membership (mandatory) is $55,000 one time, with a portion returned if you move, and there are annual dues around $13,000/year. Clubhouse has been renovated, has a full service dining room and breakfast café, pro shops for tennis and golf, tee time usually available for golf, and many social activities. Located in southwest Florida, Boca Woods is near shopping, medical facilties, turnpike, and all Boca schools are A-Rated. It is an active adult community.

MEMBERSHIP DUES AND FEES AND OTHER EXPENSES

The equity membership due at closing is a fully refundable $30,000 + $25,000 non-refundable initiation fee. Annual dues are $12,900+ tax. Boca Woods features 2 championship golf courses (often no wait for tee time), pro shop, driving range, Har-Tru tennis courts, newly redecorated clubhouse with 3 restaurants, special interest clubs (single, womens) and a fitness center. Valet parking. Dining room requires a spending minimum of $1500/year. A $106 service charge covers tipping. Special Assessment of $113/month for redoing both golf courses.

MARILYN HANDLES LISTINGS AND SALES

Email marilynfjacobs@gmail.com, let her know price range, # bedrooms, location (city, ocean/countryclub/active adult/ inland house condo or townhouse) and move in and move out dates. Tell your friends to call Marilyn. AT THESE LOW PRICES FOR CONDOS AND HOUSES, NOW IS THE TIME FOR YOU, YOUR FAMILY AND FRIENDS TO BUY A PIECE OF THE AMERICAN DREAM, 2ND HOME, VACATION HOME OR PERMANENT RESIDENCE. Call Marilyn at 561-302-3388 and she will find THE HOME OF YOUR DREAMS. Realtor MARILYN JACOBS is licensed with Realty Associates Florida Properties in Boca Raton, Florida.

SIX OF MARILYN'S LISTINGS... LOOK HOW FASSSST THEY SOLD!

Delray Beach Townhouse: under contract in 14 days. Polo Club house under contract same day listed. Polo Club townhouse and condo both under contract in 21 days. House listed with another agent for a year was under contract in 90 days when Marilyn listed it. Smith Farm house in Lake Worth CLOSED in 63 days with endless showings when the market was "DEAD". Both a house in Delray Beach and a townhouse in Boca Raton were sold over the internet by Marilyn. An out-of-town buyer saw 7 properties on the first day out and immediately purchased one. If you click the SOLD SIGN you will see TESTIMONIALS but first copy the URL below so you can return to this blog.

Known as "a kinder, gentler place," where neighbors care about each other

Boca Woods is a well-planned community, with 645 single family homes built between 1957 and 1991, all with golf course or lake views on over 600 acres. Homes have space between them - not zero lot lines. There are no condos or townhouses in the community. 65% of the residents live there year round.

Golf Membership is Mandatory ($50,000 total). Two golf courses are available with guaranteed tee time. Many scheduled activities provide an active social life. There is a clubhouse, pool and 5,000 sq. ft. fitness center with fitness instructor always on duty; personal training and massages available. There are a driving range, professional golf staff, private lessons and clinics. There are 8 Har-Tru tennis courts with two lighted for night play. There is a ball machine, private instructions and complimentary clinics.

Activities include a computer club, singles club and a women's club. There is a breakfast and lunch cafe and pro shop. Location is on the south side of Glades Road on west side of State Road 7 (US 441).