Attracting Buyers with a Home Warranty

Developers and building contractors generally offer a warranty with all new construction. This warranty, known as the ‘home warranty’ provides a guarantee that the home’s plumbing, electrical, heating and air conditioning systems will work for a specified period of time. Additionally, if the house is sold with major appliances installed, the warranty will also include these items. Should any system or appliance malfunction during the warranty period, the repairs or replacements will be covered. Typically, home warranties cover a property from one year up to five years, and may be renewed with a fee.

Home Warranties Coverage

Home Warranties vary from company to company, but in general they cover:

  • Kitchen appliances such as your range or oven, dishwasher and built-in microwave
  • Garbage disposals
  • Plumbing including a whirlpool tub
  • Sump pump
  • Water heater
  • Ceiling fans and exhaust fans
  • Heating and electrical system components
Find a Great Deal

Home buyers generally look for a good deal and a home warranty, even when it is offered with a house that has been previously occupied. The majority of homebuyers invest most of their liquid assets to make the purchase, and a warranty that offers a few years of not having to deal with any expensive repairs would definitely influence them to choose a specific property. The cost for the home warranty will be included into the house’s price.

Seller’s Warranty

Competing with newer properties in your vicinity can be a bit tough if you are selling a home that is 20-30 years old. Don’t worry – You can still offer a seller’s warranty to attract buyers. With a seller’s warranty, you will make your property attractive to potential buyers by taking the worry of repairs and replacements off of their hands.

Specialized Seller’s Policies

Obtaining a seller’s warranty is simple. You will have to pay about $300 – $400 for one year of coverage and in the event of a malfunction within that time; the new owners will only have to pay about $50 – $75 in the form of a deductible. Some companies offer specialized policies where you don’t have to pay the premium until you have finalized the sale of your house. You need not worry about the age of your home, as the majority of these companies will provide warranties even to old houses.

Home Warranty vs. Homeowners Insurance

Do not confuse home warranties and homeowners insurance. Homeowner’s insurance policies don’t cover appliances or mechanical systems in a house. As a seller, a seller’s warranty offers you protection in the event of a system or appliance malfunction in the property that you had sold. If you have any more questions about selling your home with a seller’s warranty, contact Frankel Realty (561) 427-2154.

5 Easy Ideas to Update Any Room

Thinking about giving your interiors a new look with the New Year? Most homeowners associate the words ‘revamp’ and ‘new look’ with high expenses and a lot of time. In reality, there are many ways to transform a room without spending days and weeks or breaking the bank. The idea is to consider quick and small changes with plenty of impact to transform a room with minimal cost and efforts. Here are 5 easy and simple ideas.

Consider changing the fabric

The curtains, pillows, rugs and upholstery make up a big part of any room. By changing any or a few of them, the entire look and feel of the room can be changed without much hassle. Whether it is a living room, sitting room, den, bedroom or even the kitchen, you can simply pick a different fabric color or print to completely change the look.

A fresh new coat of paint will make a world of difference

A new paint color or a fresh coat of the existing paint color has the ability to completely change the look of your room. This is one of the most simple and easiest ways to transform any part of your home. You can go from light to dark, dark to bright or from dark to light as per your preference. If you don’t want to make a commitment by painting the entire area, you can simply paint an accent wall in a different color for an instant fix and dramatic change.

Pay attention to your shelves

If you have book shelves or other shelves in your rooms, making changes to them can help you transform your space without taking much time and effort. For instance, if you have a wall shelf full of books, simply by the books with framed photographs, art or ornaments can make a considerable difference. Additionally, you can paint the space behind the shelves or add bright accent pieces in the form of book ends for more vibrant changes.

Update your art

The art on your walls are among the best ways to not only add bright pops of color for a new look but also to showcase the talent in your family. Frame your children’s most impressive paintings or simply purchase a blank canvas and paint it in a single bold color for an instant pick-up for any room. You don’t have to have any artistic experience to DIY accent pieces for your walls. You can always reuse the existing frames if you ever feel like changing your mind. Of course, if you are willing to make an investment, go for prints or purchase something a few affordable yet beautiful pieces for a great effect.

Accents can make a huge difference

Whether you feel like updating your living room, bedroom or even your bathroom, the best way to liven things up is to add one or a few new accents. A colorful wallpaper, painted stripes or a beautiful chandelier can make a huge difference without the need of undergoing massive scale remodeling.

Things To Do On Singer Island

Located along Florida’s east coast in the Palm Beach region, Singer Island is full of great activities for the young and old. Previously owned by Paris Singer all the way back in the 1920’s, the area now offers beachside fun, hotels, resorts and various activities. The neighborhood boasts a unique blend of natural charm, stunning beaches and beautiful hotels and resorts to enjoy. The area is highly popular among those who come to snorkel, dive, hike and bike.

Sailfish Marina

The Sailfish Marina is located in Palm Beach and offers a range of activities for visitors of all ages. The Sailfish Marina is a fantastic location to enjoy a delicious dinner and drinks at a dockside restaurant while enjoying a breathtaking view. Additionally, visitors can also enjoy the novel experience of the Palm Beach Water Taxi that provides fully narrated tours that are ideal for sightseeing. Visitors can take the shuttle to make a stop at the famous Clematis Street for some shopping or a quick meal or to catch the shuttle to Peanut Island, a relaxing getaway just minutes from the city.

Peanut Island

Peanut Island is easily reached by the Palm Beach Water Taxi and is a perfect spot to enjoy a truly unique experience. The island is entirely manmade and is thus named because of the peanut oil shipping terminal that was planned to be constructed there. Peanut Island is an ideal location to take the family as visitors can camp, snorkel and enjoy picnics in the sun. The southern portion of Peanut Island is home to the Palm Beach Maritime Museum and a nuclear bomb shelter built for the president’s family during the Kennedy era.

Phil Foster Park

Phil Foster Park, located at the base of the Blue Heron Bridge is home to the highly popular Singer Island Outdoor Center. This is a great place to enjoy the many waterfront activities with the whole family. Visitors are offered a chance to hire boats, kayaks or paddleboats for rent and to venture out to Peanut Island, Lakeworth Lagoon and sail around Singer Island for a truly fascinating experience. In addition to boating excursions, the Singer Island Outdoor Center also presents visitors with a chance to enjoy snorkeling and to take guided snorkeling tours on the gorgeous snorkeling trail found right off the beach. This is a fantastic opportunity for the marine life lover with regular appearances made by octopi, sea turtles, eagle rays, starfish and manatees. Regardless of your level of expertise on snorkeling, the tours are offered with plenty of guidance and required gear.

 

 

 

What You Should Know About Retiring in Florida

According to a recent poll, over 9 million Americans have expressed an intention to retire in Florida. Additionally, the numbers of British buyers in the Sunshine state have also seen significant increases over the last few years. Needless to say, the demand for Florida properties are high and are expected to stay that way for years to come.

Why Florida?

If you ask anyone who have retired in the Sunshine State or are planning to, they will have a lot of great things to say –The beautiful weather, the possibility of an idyllic lifestyle and the opportunity to lead an active life in the outdoors are among the most popular reasons among many hopeful retirees. The social life is vibrant with a multi-ethnic community and many, many activities to take part in. With the festivities running high from Thanksgiving until New Year’s Eve at the end of the year, there is a lot to enjoy.

What type of properties to look for

There are wide ranges of different property types as well as many communities that offer a relaxing lifestyle. From stylish condos with ocean views all the way to golf club communities with exclusive amenities, the options offer something for everyone. In order to make sure that a retiree is fully comfortable, properties located in country clubs, waterfront land and gated communities are highly recommended. These options provide them with a chance to enjoy a calm, quiet and relaxing lifestyle without having to worry about security or travelling too far to find entertainment, essential groceries or services.

Tax benefits

Another important reason for most people to consider retiring in Florida is the tax benefits. Florida is one of the few US states that does not charge income tax. If you are obtaining any type of income such as your pension, earnings from a job, social security benefits, annuities and security benefits can all be obtained without having to pay taxes. Of course, it is a very real concern to wonder whether you will have to pay taxes for your pension if it is coming from a different state. However, the Federal Pension Source Tax act of 1996 makes sure that your pension income is free from taxes regardless of which state it comes from.

The weather

With beautiful weather, great options for activities and a laid-back atmosphere, Florida is one of the best places in the world to consider living after retirement. There are plenty of retirement communities alongside great properties of all types to help you lead a safe, secure and content lifestyle. To take a tour of luxury properties in Palm Beach Gardens, North Palm Beach, Jupiter, Juno Beach and West Palm Beach, call the realtors at Frankel Realty, (561) 427-2154.

How To Share Closing Costs on a New Home

Closing costs are an unavoidable part of the home buying and selling process. The costs are made up of all the fees and taxes that are applicable at a real estate transaction. Closing costs vary in each state. It is necessary to consider which party will settle the closing costs, but it is also normal for buyers and sellers to share the expenses.

Understand the closing costs

In most cases, the party that is responsible for closing costs depends on the type of market. In a seller’s market, the larger portion of the costs falls on the buyer’s shoulders while the seller’s pay the bigger portion in a buyer’s market. In some cases, the offer made on a house by a buyer includes the closing costs so that the mortgage will cover these fees without putting the buyer in financial strain. It is very important that you ask your real estate agent for a standard closing cost break down so that both parties are well aware of what the payments and taxes.

Escrow and attorney fees

The typical costs associated with a real estate transaction include escrow or attorney fees. In some states, the closing is handled by third party escrow companies or attorneys. However, depending on the state, the costs can be handled by title agents, brokers, lenders and real estate agents may handle closing and escrow. These fees can be spilt between the buyer and the seller as they apply to both of them.

Find out the type of title insurance

Title insurance is very important and come in two types: the owner’s policy and the lender’s policy. The property titles are well-researched by companies that specialize in titles or by lawyers to check if there are any unidentified owners or liens against the property. The policies are designed to protect the owner and the lender for the property’s value. It is quite normal for the seller to pay for the title insurance policy. This process is known as clearing the title.

Other fees you should know about

Transfer taxes or document taxes, recording fees and mortgage taxes are also a part of closing costs. The buyer and seller often split the closing fee or settlement charges. The settlement charges or closing fees include the escrow or lawyer fees for the financial transfers. The brokerage fees are often paid separately by the buyers and sellers as the realtors are different. Additional payments include pest inspections and septic inspections. Both of these inspections are handled and paid for by the buyer.

The final word

When closing on a house, it’s important for the buyer and seller to come to some sort of agreement to create a win-win situation. In some cases, statements where the seller pays up to a specific amount are arranged. Be sure to consult with your real estate professional before closing day to determine the closing costs that you will have to pay. This will help you negotiate with the other party to come to a suitable arrangement.

When you’re interested in purchasing a new house, consult the realtors at Frankel Realty on (561) 427-2154 to guide you through the process.

Events in Palm Beach – January 2015

Palm Beach is a fantastic residential destination with much to offer its lucky residents. The beautiful weather, gorgeous surroundings and a community that presents so many great activities and events, life truly is a breeze at Palm Beach. With the New Year upon us, let’s take a look at what events Palm Beach has to offer in January.

Palm Beach International Polo Season – 4th January

This is a great opportunity for Polo enthusiasts and players to enjoy the skill of renowned players and ponies. The Polo Season features a choice of exciting tournaments and reaches its end with the prestigious US Open Polo Championship. Held at the Palm Beach International Polo Club, the Polo season lasts from 4th January all the way to 19th April and features a selection of fascinating competitions. This is a chance to witness first-rate competition, high-profile players and excitement leaden matches.

FTI Winter Equestrian Festival – 7th January

The FTI Winter Equestrian Festival is a fantastic opportunity to see world-class horses and riders. The competition takes place at the Palm Beach International Equestrian Center in Wellington where dressage and show jumping will be features. Horse riding enthusiasts will get to witness some of the best riders in the world such as Olympians, juniors, adult amateurs and even children, competing at the event. The show runs from the 7th of January until the 29th of March and is the biggest and longest running horse festival in the world. The show is a fantastic entertainment opportunity for families, adults as well as aspiring riders.

South Florida Fair – 16th January

The South Florida Fair is one of the top-rated events in the state and a great opportunity to enjoy exhibits, stalls and rides. This annual event in Palm Beach is much adored by visitors and residents alike. Many recommend riding the midway and staying to enjoy the music performed by well-known bands from all over the country. The fair features fun rides, interesting exhibitions and stores featuring hand-made crafts, award-winning livestock and agriculture along with fair-food that many people love. Starting from the 16th of January and finishing on the 1st of February, the South Florida Fair is a chance to enjoy a winning selection of entertainment for every taste and every age. Be sure to try the cotton candy, funnel cakes and crispy corn dogs along with the many other delightful food options only offered at this event. Held at the South Florida Fairgrounds, the fair features rodeo style events and plenty of live music to keep participants entertained.

Foto Fushion – 20th January

Held from the 20th of January until the 24th, Foto Fusion is a celebration of digital art. The event is a perfect opportunity for enthusiasts, amateurs and professionals to enjoy multi-media presentations and digital art exhibitions. Aside from fantastic art to look at, the event also offers an opening reception and a farewell party at the end. The unique exhibition also allows digital art enthusiasts to learn more about the art with hands-on computer labs, panel discussions. There is also the great opportunity for amateurs and professionals to get their portfolios reviews as well as to spend some time in the Foto Fusion Technology Lab.

Expensive Mistakes Home Buyers Make

Buying a home is an expensive process, and what you don’t know might cost you. When it comes to purchasing a home, there are quite a few mistakes that buyers must avoid. Unfortunately, most of these mistakes are quite common and may consequently cost buyers thousands of dollars.

1. Failure To Research The Neighborhood

While real estate websites, magazines and agents may endorse various established and upcoming neighborhoods, it is also important to do your own research. Things such as driving to work, access to facilities and maintenance costs vary from neighborhood to neighborhood and may result in additional costs. It is important to understand how your life will be affected by your move.

2. Buying Based on Decor

Surprisingly, this is a common mistake. You may appreciate the paint colors, carpets, furniture and lighting in a house. However, these can all be changed to suit your preferences. Instead of the décor, focus on the space, the light and the functionality for a better understanding of purpose.

3. Failure To Inspect

Getting an inspection is a must when you buy a home. In reality, an inspection is one of the most important investments involved in the process of buying a home. Our advice is to splurge on the inspection as it can end up saving you quite a lot.

4. Purchasing The Most Expensive Property In The Area

While you may feel that the most expensive house in the area carries a certain sense of prestige and pride, the reality is not quite as attractive. While you may get all the facilities and of course, the prestige factor, selling the property later on might be a problem, if it is surrounded by reasonably priced options.

5. Choosing The Wrong Lender

Your lender may happily announce that you qualify for a very large mortgage but that doesn’t mean you ought to take it. Despite being qualified for it, you might not be able to afford it when added up with the other costs such as maintenance, community payments and living expenses. Instead, set a realistic price limit and look only at properties that fit in.

6. Making The Smallest Down Payment

Putting down 20% of the total house price is the acceptable amount for a down payment. If you think of paying a smaller amount or are not able to raise the cash, it is best to reconsider your decision. A smaller down payment will result in higher interest rates and a higher monthly payment. Instead, save up and try again when you can afford a sizable down payment to avoid high long-term costs.

7. DIY Everything

DIY is great! However, DIY is not so great if you don’t know what you are doing. Unless you are particularly gifted with crafts, it is best to stick only to small-scale projects if you want to DIY anything in your home. Excitement on a grand DIY project can quickly transform to regret if you are lacking the necessary materials, tools, skills and of course, the time.

Are You Living in a Dying Neighborhood?

Once you have bought a house in a neighborhood that is perfect for your wants and needs, it’s very important to be alert whether the neighborhood maintains its appeal. The value of your property depends mainly on the neighborhood location – if the neighborhood loses its value, so does the property. Sometimes you’ll have to look a little deeper to get an understanding of the future of your neighborhood.

Is business booming?

The local economic health of a neighborhood is one of the key indicators of whether it is on the rise or on the decline. According to many real estate agents, this factor is often overlooked by home buyers. If you are living in an area where new and trendy businesses are struggling and current companies have a hard time hiring, it is a clear sign that things are going downhill. Areas that are highly dependent on one employer such as a factory or a single company are also at risk. However, you can expect brighter prospects if you notice more artistic, creative and modern people moving in. With the neighborhood being populated by a younger and more creative crowd, it will see more new and trendy businesses and soon be considered ‘a happening place’ where real estate prices are highly likely to increase.

What does the housing market look like?

Seeing a lot of ‘vacancy’ and ‘for sale’ signs can also be another sign of a neighborhood on the decline. While vacancies may seem like a good thing, it just might be the result of people seeking jobs outside of town and moving away. While a buyer might not be able to find a house quickly in a neighborhood with fewer properties for sale, it is a sign of greater property value and the fact that the residents are happy to live there.

Do you live in a neighborhood with renowned schools?

Schools are a major requirement for potential buyers with children and for those with plans to have children. Living close to a great school district or inside one will help raise your home’s value each day even if you don’t have children. The demand is always high for homes in and around good school districts. If the schools in your neighborhood are gaining recognition, winning awards and gaining attention for positive reasons, these are good signs.

Find the right neighborhood

While some of these signs are not definite indicators of how successful a neighborhood may be, they can definitely help you keep your eyes open. Since you have made a sizeable investment in your home, selling the property will need to be done at a profit to ensure a good deal or you. Keeping an eye on the clues and signs of how your neighborhood is performing will help you figure out the right time to sell your property at the best price.The realtors at Frankel Realty know the Jupiter, Juno Beach, North Palm Beach, West Palm Beach, and Palm Beach Gardens area. When you want to find your new home, consult the experts at Frankel on (561) 427-2154.

Great Vegan Restaurants in South Florida

South Florida is renowned for the beautiful beaches, the vibrant culture and the laid-back lifestyle. There is no shortage of great places to eat in this gorgeous city. As for vegans and those who enjoy the occasional vegan fix, there are quite a few fantastic places to grab a bite, a drink or a full meal any day. Here are some of our favorite options:

Darbster

Darbster is a 100% vegan restaurant, perfect for hard-core vegans. The restaurant does not employ any animal products and provides healthy meals with interesting ingredients. The menu is a creation of chef Amanda Russcoi and employs fresh ingredients to create meals that not only appeal to vegans but also to mainstream diners in search for something different. Their Palm Cakes, served over micro greens and remoulade and the crab rangoon come highly recommended.

Christopher’s Kitchen

This is a fantastic choice that offers certified organic vegan meals in the Palm Beach County and Broward areas. The food is prepared in such a way as to retain the full nutritional value of the ingredients, making Christopher’s Kitchen a popular spot for those with a love of healthy eating. Owned by Christopher Slawson, the restaurant is all about organic dishes with some of the freshest ingredients around. The menu is wide and varied and offers a myriad of choices featuring nut cheeses, fresh vegetables and intriguing blends of different ingredients. The CK tacos, veggie flax cracker pizza and zucchini noodles are adored and highly recommended by the patrons.

Simply Natural Café

Simply Natural Café is a family owned and run restaurant that features a wide selection of vegetarian, vegan and organic food as well as average meals with chicken, meat and fish. This establishment literally offers something for everyone and is the perfect place to grab something healthy to eat. The Sunshine burger, a house-made vegan burger is one of the most popular menu items. Simply Natural Café also features a bar where teas, juices, organic beers, organic wines and smoothies can be enjoyed. The restaurant also hosts regular demonstrations on preparing raw foods to help people join in on the raw food movement.

J’s Garden Café

This is another establishment that presents a versatile menu for vegans, vegetarians and meat-eaters. If you are tired of the standard dull and bland vegetarian dishes, J’s Garden Café is where you will find a true difference. The restaurant is run by a mother and a daughter, Marie and Tamye Junis. Marie is a former health care professional and has extensive experience in healthy eating and veganism. If you are craving for some delicious and authentic Caribbean fare, this is the place to visit.

The Green Wave Café

The Green Wave Café is a perfect choice for raw, vegan and gluten-free food lovers. Owned by Raoul and Lisa Valle, the menu of The Green Wave Café employs fresh, organic ingredients in their healthiest state to create unforgettable dishes that keep patrons coming back. Some of the most popular choices include the veggie lo mein and the raw vegan burger.

Travel Tips: Planning A Visit To Orlando

Orlando, Florida is one of the most loved and visited cities in the United States and sees massive of tourist traffic within the country and from all over the world. While a pleasant trip is always to be expected, with these tips, you can make your trip extra special and absolutely unforgettable.

Be prepared for plenty of sun

Located in the central portion of the peninsula of Florida, Orlando receives plenty of direct sunlight. If you are not very accustomed to direct sun exposure, sun burns are a very real and painful possibility. In fact, 15 minutes in the sun can give you quite a burn and it won’t help even if you are used to tanning. The sun is less intense during the winter and spring months, but it’s always a good idea to wear adequate protection. Be sure to pack a sunscreen with a minimum SPF of 50 and pack a good sun hat.

Pack the right clothes

The heat in Florida can be a bit intense for those who aren’t used to it. Paired with the humidity, things can get quite difficult to handle unless you have the proper clothing. The great thing about Orlando is that many of the establishments accept patrons in summertime clothes and casual shoes. Be sure to pack proper summertime attire to be comfortable all throughout the day.

Try out the attractions

Many travellers who come to Orlando come with high hopes of visiting theme parks Walt Disney World, Sea World and Universal Studios. While these world famous theme parks are entertaining, full of fun and will provide you with an experience of a lifetime, there are many places to visit. Orlando offers many other great attractions such as Gatorland, where visitors will be given a fantastic opportunity to touch live alligators. Holy Land is another theme park that provides religious travellers with something to enjoy. Theme parks, especially the famous ones, tend to get very crowded. Waiting in these lines is an annoyance that visitors can’t avoid. However, you can go for various packages that allow you to cut the wait and to get inside sooner. While you may have to pay a little extra, the saved time will be well worth it.

Book good quality accommodation

If you are on the lookout for comfortable, convenient and simply top notch accommodation options, you will have to pay a little extra. If you see online deals with low rates that seem a little too good to be true, the chances are high that they actually are. You can find the best accommodation near International Drive, Universal Resort and Disney – Which puts you right where you want to be.

Frankel Realty Group follows the letter and spirit of the Equal Housing Act, and is a member of the Northern Palm Beach County Board of Realtors, the Florida Multiple Listing Service, and National Board of Realtors.  Thomas Frankel is Broker of Record.   Frankel Realty Group and all of its affiliated agents are licensed as either brokers or salespersons by the Florida Real Estate Commission.  Copyright © 2013 Frankel Realty Group, All Rights Reserved. The name Frankel Realty Group and its logo and design are trademarks of Frankel Enterprises or its affiliates.

 

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