Why Now Is A Good Time to Buy

Home buying trends are constantly on the shift. So far, 2014 has been named a great year for buying a home for yourself and your family. Here at Frankel Realty, we have seen the real estate market rise and fall over the many years that we have been in business. With the constantly changing prices, standards of lending and of course, mortgage rates, the decision to own a house needs serious consideration with regard to market and available listings.

The Current Market

Home prices started a steady climb in the second quarter of 2011. Since then, it has been on the rise. It is the belief of many forecasters that property prices will continue to rise throughout the course of this year. When you consider the numbers, a homebuyer in 2014 will benefit from several factors to help owners find their dream home. For many who wish to sell their properties, there is plenty of hope for great returns of investments in the future.

Money Burrowing

Mortgage rates are currently on the rise. In comparison to the rates from December 2012, the rates experienced a rise of above 1% by December 2013. Experts predict that these rates will continue to rise all the way through the upcoming years. With no expectations for measurable decreases in these rates, buying now seems to be the wisest choice to avoid having to deal with higher interest rates and higher prices. While we are on the subject of mortgages, we simply cannot ignore the new rules and regulations that were put into effect recently. New policies tend to be more beneficial to lenders as opposed to borrowers. In other words, borrowers will have to work extra hard just to qualify for a loan. With the rising interest rates, lenders are extra cautious about making sure that their borrowers are able to pay back their loans.

Rental Properties

The toughened up lending standards after the mortgage crisis of 2008 is often considered to be responsible for more and more people turning towards renting. As per a statement issued by the Census Bureau, the U.S. is seeing a record low homeownership rate in 15 years. While this means high prices, in certain areas, it results in greater supply in comparison to demand. For buyers, this is a good thing if they manage to choose the right neighborhoods with plenty of properties to choose from. While buyers are more scrutinizing of the rates and the prices, the sellers are more motivated to sell.

In conclusion, 2014 is a great year to buy your dream home. Here, at Frankel Realty, we are able to assist you through the process of purchasing the perfect house to suit your lifestyle requirements and price range. With over 30 years of experience in the real estate industry, we have seen trends come and go while the prices fluctuate. As mentioned earlier, buying a house is just as much about picking the perfect time as making sure that your needs are met. Contact Frankel Realty on (561) 427-2154 for real estate advice and professional service.

Top 5 Reasons to Retire in Jupiter, FL

How do you envision your retirement? If you see white sands, endless sunshine and complete luxury, then Jupiter, FL, just might be the ideal choice for you. Here, at Frankel Realty, we have been asked why so many retirees ask for a retirement property in Jupiter. Well, out of the many reasons, we’ve selected the top 5 benefits you can expect from retiring in beautiful Jupiter.

Beautiful properties

If you have grand plans for your retirement, why not retire in style at one of the gorgeous luxury properties in Jupiter? The gorgeous weather comes together with the stunning natural surroundings to create nothing short of paradise. The biggest selling points for Jupiter houses are of course, the magnificent views and close proximity to some of the most adored sightseeing opportunities in the state. The world famous beaches, the intracoastal waterways and the perfectly manicured grounds of the golf and country clubs give the residents of Jupiter something beautiful to look at wherever their property is located.

Community lifestyle

Jupiter is home to some of the most prestigious golf and country club communities in the U.S. For retirees with a passion for golf or for those who wish to enjoy the many facilities and perks of community living, investing in a property at a club community is definitely worth the effort. The small town feel of a gated community is splendidly complimented with the heavenly facilities of the exclusive clubs.

Great weather all through the year

Florida, referred to as the ‘Sunshine state’ has earned its name for a reason. The weather truly is beautiful all through the year and allows for plenty of outdoor activities and languid relaxing at the beach. Bright blue skies and the summer breeze go perfectly with the natural beauty of the area and of course, the beautiful neighborhoods.

 

Access to all essential amenities

Even if you choose a house outside of a community, Jupiter’s many high end neighborhoods offer easy access to all the necessary amenities as well as professional services. Restaurants, medical facilities, airports and great shopping outlets are all easily reached from most beautiful Jupiter homes.

Entertainment and activities

Jupiter is an outdoor playground that can keep retirees entertained all through the year. From some of the most excellent dining establishments in the country all the way to beautiful beaches and waterfront activities, retirement in Jupiter is full of amazing things to do and see. Let’s not forget about the community organized events for those who have chosen the club community lifestyle.

As you can see, there are plenty of great reasons to consider Jupiter as a retirement destination. The professionals at Frankel Realty can provide you with the assistance to make your retirement dream come true.
Contact us today on (561) 427-2154, for more information.

The Secrets of Mortgage Lenders

A mortgage is one of the best ways to help pay for a home. Of course, getting approved for a loan is not easy. There are a number of things you’ll need to consider to find out if you are eligible for a mortgage. The pre-approval process will determine how much you qualify for. A mortgage company will examine you as a candidate and determine the largest mortgage amount that they are willing to lend. This process will result in a document, known as the pre-approval letter, stating your mortgage capacity. In some cases, home sellers request to see this document when offers are made on their properties.
Documentation You’ll Need

To begin the process you will need to collect and organize all of your income documentation. This includes recent pay sheets and tax returns, as well as records of incoming cash flow and other sources that contribute to your income. Your income will be the primary factor that affects your mortgage quote.

Another important piece of information you need to present to your lender is your credit score. You are able to obtain a free credit score once a year. Your credit score will provide you with a numerical value that tells lenders a fast and objective measurement of your credit risk. The higher the number, the more likely you are to receive a good mortgage amount.

Find a Lender You Can Trust

In order to get a pre-approval you need a lender that you would like to build a relationship with. Ideally, you will be able to use the same lender/mortgage broker for your purchase. Finding a good mortgage rate is the key to finding a good lender. Do your research on the Internet, check out reputed and well-liked lenders and ask for advice from friends and family who have been in similar situations. The most important thing about obtaining a mortgage is the mortgage percentage.

Be sure to look into the lowest interest rate for the type of mortgage that suits your needs. In addition, consider the length of the mortgage, and the down payment that is required.

What To Expect

Along the process of securing a mortgage, be prepared for some very high quotes. Lenders look at your ability to pay the down payment for your chosen property as well as to cover the closing costs. If you are looking for a new property home, you will need to have about 5% for the down payment along with another 2-3% to manage the closing costs. The closing costs include assessment, the mortgage commission and title insurance among other things.
Your chosen lender will request specific information from your employers, your social security information, your current debt status as well as the location of any liquid cash assets. It’s always helpful to have this information ready and on hand as it will greatly speeds up the process with minimal hassle.

When you’re ready to look for a home, trust Frankel Realty to take care of your needs. We have been servicing the Palm Beaches for over 30 years. Call us today on (561) 427-2154 to take an exclusive look at our home listings.

4 Factors That Influence the Resale Value of Your Home

So you’ve made the decision to sell your house. Out of all the concerns associated with the process, the most important one is whether you can improve the resale value. There are various improvements a homebuyer can make to a house to increase its value. Even an old house will fetch a great price if it is properly maintained and restored to display its historical value. In addition, the right upgrades will also help you to meet the high standards of today’s house buyers. We have put together a round up of a few factors that influence the resale value of your home.

The Location

A neighborhood with a reputation of a luxurious community and prestigious residents is more likely to result in higher property values. On the other end of the spectrum, a neighborhood with a bad reputation and perhaps higher crime rates will have a negative effect on property values. However, these factors are subject to change with time and developments in the area.

Property Size

The size of a property is one factor where more equals a greater return. Most homebuyers are looking for spacious properties that will give them ample storage space or room for their family to grow. If you have a smaller home and expanding the size of your property is a possibility, consider the addition of more space to approve resale value. Options include the addition of new rooms, expanding the space in specific areas and creating an outdoor living space.

Upgrades To Your Home

Upgrades that you’ve made to your property over the years will increase the resale value. For instance, if your home has a swimming pool or a gazebo it can have a positive impact on the price tag. In addition, re-doing the finishes, adding a bathroom or making upgrades to the kitchen are great ways to make sure potential buyers are impressed enough to make higher offers. We recommend that you do a full inspection on your house before deciding on the specific upgrades.

Age and Condition

The year of construction matters when it comes to selling a house. An extremely old house with historical value can be priced at a higher resale value than even some of the most modern houses. The idea is to maintain your house in excellent condition if you ever intend to sell it. Proper maintenance will make sure that your house is in good condition and doesn’t need many repairs before it can be put on the market.

Enhancing the resale value of a home is always in the hands of the owners. With over 30 years of experience in the South Florida real estate market, Frankel Realty is well aware of the factors that influence the resale value of a home and what owners can do to enhance their profits. If you are hoping to put your house on the market and are in need of quality real estate advice, contact Frankel Realty on (561) 427-2154 for expert advice and professional services.

 

What to Look For in the Perfect Real Estate Agent

Whether you plan on buying or selling a house, the assistance of a great real estate agent is crucial. Aside from the valuable industry contacts, a great agent will help you find the house of your dreams or sell your property at a great price. In order to find a great real estate agent, it’s important to know what to look for.

Familiarity with The Market

Not even the most qualified real estate agent will be able to assist you with your purpose unless they are familiar with the neighborhood you are seeking to buy from or are selling in. For instance, if you are looking to buy a property in Jupiter, Florida, you will need to make sure that your realtor is familiar with the standards of the location, the properties and the neighborhoods to ensure you get a great deal.

Excellent Communicator

In order to make sure that your deal works out in your favor, your real estate agent will need to communicate with you, very well and often. Aside from returning your calls and emails and reciprocating with updates, your perfect realtor will communicate your wishes and requirements with potential sellers as well. In addition, you will need to make sure that your realtor is able to communicate with a method that you find most convenient and also to keep you updated along the way.

The Right Industry Knowledge

In order to make a great purchase or a successful sale, you will need an agent with the necessary knowledge on negotiation and contracts. In addition, it is also important that they have plenty of specialized knowledge about the type of property.

License and Reputation

If you have a few realtors shortlisted for your deal, be sure to do a bit of research into their license and reputation. A great realtor will have the necessary licensing as a legitimate professional or business while being able to prove their experience and proof of successful sales with happy clients. A company with a long history of successful operation and great reviews will do a much better job in comparison to a realtor with an invisible past.

Honesty and Pleasantness

Although these are not directly related to the real estate industry, they will be a definite added advantage. For instance, you will feel safer and more at ease with a realtor who is pleasant. Additionally, you are more likely to feel confident that your needs will be placed above all else when you are dealing with someone with a kind and approachable personality.

Be sure to look for these qualities when you set out to find the ideal real estate agent to help you make a sale or to purchase your dream home. Here at Frankel Realty we offer professional real estate service and a desire to leave you completely satisfied. Contact us on (561) 427-2154 for more information today!

Buying a Home: Things to Consider Before Purchase

Buying a home is a big decision whether it’s your first or even if you have made a few purchases before. Nevertheless, it is a step towards your future and isn’t a decision that should be taken lightly. Before you do anything else, find a good real estate agent to guide you through the process and read our tips below.

Consider your financial situation

This is the very first step. Whether you are planning on taking out a loan or not, you will need to analyze your financial capabilities to set a budget for your home. If you are looking for something comfortable at a decent price range, it’s important to contact your real estate agent and let them know your spending limits. As for something on the opposite end of the spectrum, luxury home seekers will also need to set a price range and communicate their needs to their agent. Be sure to keep your financial records, tax and income documents handy as you will need to refer to these regularly throughout the purchasing process.

The right neighborhood

Whether or not you will be comfortable in your house (despite the amenities) depends on the neighborhood. It will take some assistance from your realtor as well as quite a bit of research to figure out the right neighborhood for you and your family. Within the South Florida area you have a choice of fantastic neighborhoods with elite neighbors, community lifestyles and waterfront access. In addition to the houses and the neighbors, you will also need to consider the facilities and leisure time activities that you will have access to.

Choose the right house

Once you have decided on the right type of lifestyle and the ideal neighborhood to suit it, you can narrow down your home choices. Different neighborhoods have a variety of different types of houses to offer. For instance, if you take Jupiter for example, you will note plenty of spacious villas, multi-million dollar houses and luxurious condos to match the area’s laid back lifestyle. Your real estate agent will be able to guide you on the selection of the right house to fit your lifestyle and budget. Your agent will then be able to line up several open houses to narrow down your list of potential options. Of course, it is important to look into the house’s history as well as to do a full inspection.

Improvements

Once you have chosen a house and inspected it thoroughly, you will need to figure out what improvements are needed to make sure that it is perfect for you and your family. The ideal house won’t have much to do apart from a few adjustments and at the most, a fresh coat of paint. Nevertheless, it is important to look a home that presents the greatest value without the need of extensive renovations.

At Frankel Realty, we are always ready to offer our years of expertise to make sure that you find the perfect home in the perfect neighborhood at the perfect price. Contact us today on (561) 427-2154, for more details.

5 Improvements That Add Value to Your Home

All homebuyers want to purchase a home that is move-in ready. This includes having newly renovated areas and the latest upgrades. If you are attempting to sell your property, there are improvements you can make to meet the dream list of the majority of house hunters. We’ve created a short-list of areas you can upgrade to make your property more desirable.

Update the kitchen

While you may be comfortable in your kitchen, it might not fit the needs of a buyer. Start by inspecting every nook and cranny in your kitchen to find what needs upgrading. Are the fittings and fixtures outdated? Or is the space being used for maximum functionality? Most buyers expect lots of storage space, perfectly functioning fittings and an up-to-date design, so prioritize what can be upgraded and what’s most in need of updating.

Renovate the bathroom(s)

The bathroom is an area of the home that most homebuyers want to come already updated. Just like the kitchen, bathrooms need an upgrade to make sure that they are in line with the latest trends or a classic and timeless design. Many house hunters in South Florida expect luxurious features, spa-like fixtures and plenty of space. If you want to add value to your home, consider adding new fittings, luxurious fixtures, a fresh layer of paint and a frameless shower door.

Improve curb appeal

First impressions can make or break a sale. Homebuyers pay attention to the appearance of the house before they even step inside. They look for a beautifully kept lawn, vibrant flowers and trimmed trees. If you have neglected your front yard over the years, now is the time to clear away debris, trim back trees and shrubs, place colorful flowerpots near the front door entrance and spread fresh mulch. These improvements can make a great impression on a buyer and increase the overall value of a home.

Restoration

South Florida has beautiful historic homes. If your home has historical characteristics, make the most of its appeal and choose to restore original details, rather than update to a modern aesthetic. Restoring historic or antique elements in your home will add unique characteristics to your home that will help it stand out in the mind of homebuyers. If you don’t want to take on a full restoration, you can balance the old fixtures with modern design. Keep in mind that ultra-modern additions don’t always go well with décor from the previous century, so consult with your real estate agent and a qualified designer to get the greatest value from a restoration.

Luxury additions

Luxurious additions to your home will make a significant improvement to the price of your property. Hot tubs, sunrooms, large and airy bathrooms as well as swimming pools are great ideas for raising the value of your home. Even small additions such as a rain showerhead, a large bathtub, or new countertops can contribute to house value in a positive way.

Here at Frankel Realty, we can help you sell your house by offering you the right guidance and suggestions. Contact us today on (561) 427-2154 for more information on home improvements that can add significant value to your home.

 

The Low-Down on Real Estate in Jupiter

Out of the many fantastic residential areas in South Florida, Jupiter is among the most tranquil neighborhoods where you can enjoy beautiful weather and surroundings. Jupiter is located in Northern Palm Beach and offers its residents a remarkable lifestyle full of beautiful homes and luxurious amenities.

Jupiter Has Something For Everyone

Many notable names call Jupiter their home for good reason. The area has a wide range of residential options to choose from that can suit a variety of needs and expectations. South Florida is perfect for beachside activities and watersports. If you’re looking for a home with immediate access to watersport activities, Jupiter offers a comprehensive collection of beautiful waterfront homes to fulfill your dreams. From condos with beach views, all the way to expansive villas with direct access to your own personal dock, there are many opportunities for waterfront living.

Play, Relax and Be Entertained

The Palm Beach area is famous for being one of the most luxurious residential destinations in Florida. Just to support the claim are the golf club and country club communities. These gated communities are perfect for those who seek luxury, indulgence and convenient amenities right at their fingertips. Golf communities are perfect for lovers of the game who wish to indulge in the finest facilities and unlimited access.

There are plenty of country club communities that will make you feel like you’re on a year round vacation. Residents are treated to sparkling swimming pools, luxurious spa treatments and lush green lawns everyday. In almost all cases, these communities are ideally located, giving residents easy access to all the necessary facilities beyond their gates.

Take A Look At Our Exclusive Listings

Jupiter offers something for just about everyone with a taste for luxury and an eye for excellence. Whether you choose to live here full time, or to enjoy the beautiful summers, real estate in Jupiter is one of the best choices you can make. Contact Frankel Realty today on (561) 427-2154 to find out more information about the many fantastic Jupiter real estate options. As experts in the area, we will ensure great prices and the best facilities to ensure a comfortable lifestyle for you and your family.

Negotiating 101: The Basics of Making an Offer

When it comes to buying a house, every buyer intends to get the best deal that they possibly can. A buyer can work with their real estate agent and the home seller to come to a mutual agreement on a figure that is reasonable for both parties.

Conduct market analysis

This is the very first step of the home price negotiating process. You will need to consult your real estate agent to obtain a trustworthy comparable market analysis on the property or properties that you are interested in within the same area. The analysis report will reflect the selling prices of a specific geographical area and you will be able to get an idea of a suitable figure for the property you hope to buy.

Make reasonable offers

No homeowner wants to receive a lowball offer on their home. It is very important to make sure that you don’t make any unrealistic offers on a house that you are interested in. For instance, if your market research shows a value of $180,000 – $190,000 for a home that is listed at $170,000, an offer of anything lower than $175,000 would not be accepted by the seller. For best results, be reasonable and offer a price that is acceptable within the market price.

Try to meet your seller at the halfway point

If you are considering a home that you really like with a price tag that seems acceptable, you can make an attempt to get the seller to pay for half of the repair or closing costs. This is something that can save you thousands of dollars. The seller will be pleased because you will purchase the house at the asking price and therefore will be more inclined to agree to your request.

Understand the motives behind the sale

It never hurts to do a bit of research to find out more about a seller if you are seriously considering buying their property. Knowing the intentions behind the sale will allow you to determine just how much negotiating room you actually have. For instance, if your seller is in a hurry to sell the house to move out of state due to an employment opportunity, there is a chance that with some persuasion, you can get the price lowered. However, if you are dealing with a wealthy individual without a rush to relocate, there is very little chance at successful negotiation or adjusting the conditions of sale.

Make a list of your boundaries and requirements

This is something that needs to be done in advance. In order to make sure that your real estate agent is able to understand your real estate needs, be sure to make a list of your spending limits and requirements. These requirements and limits will help you to not get swept off your feet just because you have fallen in love with a house. With the aid of your agent, you’ll be able to avoid properties that don’t meet your requirements and only look into options that are within your limits.

Top 8 Reasons to Choose a Waterfront Home in South Florida

Miles and miles of white sandy beaches, endless crystal clear waves and plenty of sunshine makes South Florida one of the most sought after residential areas in the US. Aside from the wonderful weather and the breathtaking surroundings, South Florida also offers the chance to mix and mingle with the elite. South Florida is home to a few prestigious communities that offer a rare selection of homes that fit all sorts of lifestyle needs. Among the most popular options are the waterfront properties. If you’re thinking about moving to South Florida, a waterfront home in Palm Beach or a home with waterfront views in one of the prestigious residential communities should be on the top of your list. Frankel Realty has put together a list of  reasons to choose a South Florida waterfront home.

1. Breathtaking Views

Picture a quiet evening in your home, where you can sit back and relax in your sitting room with your eyes on the sparkling water. Can you imagine anything more perfect and relaxing? Waterfront views have a definite relaxing effect that can work wonders on the stress and struggles of everyday life. South Florida waterfront homes come in a wide enough range to fulfill many space requirements, lifestyle needs and price requirements.

2. The Relaxing Atmosphere

Homes with waterfront views don’t just appeal to the eyes. The proximity to the water creates a calming and relaxing atmosphere that is completed by the amazing view. Who wouldn’t love for an opportunity to escape into a tranquil corner to take a break from the hustle and bustle of everyday life? Whether you are planning on raising your family or spending your retirement in South Florida, the cool winds and the sound of the water is just what you need to keep your mind at peace.

3. Waterfront Activities

Living with direct waterfront access is ideal for residents with a love for water sports. For instance, scuba diving, fishing, boating and swimming are among the most popular waterfront activities in the South Florida region. For those who seek to indulge in a lifestyle where waterfront activities are a part of everyday life, then a waterfront home in Palm Beach just might be the ideal choice.

4. Great for Outdoor Entertaining

For residents of sunny South Florida, there is nothing better than an outdoor space for a party. Whether you are hosting a get-together for your closest friends and families, hosting a fancy evening with your prestigious neighbors or a children’s birthday party, a waterfront property has plenty of space to create memorable events that you and your guests will remember.

5. Plenty of Privacy

Most waterfront properties offer a sense of privacy. As mentioned earlier, the tranquil and relaxing atmosphere and the extra space can offer the seclusion of a private beach or dock. Many residents seek properties with direct beach or river access to make sure that they are able to enjoy the best that nature has to offer without having to venture too far. A short walk to your backyard is all it takes whenever you feel like tanning under the sun with your favorite summer reads or when you feel like dipping your toes into cool water.

6. High Resale Value

A well maintained waterfront home in Palm Beach is always a high value in the eyes of a real estate agent as well as a house hunter. If you intend on selling your waterfront property, it will typically fetch a great price. Properties with waterfront views and direct access to beaches are always highly sought after and tend to be grabbed up immediately. Due to the high desirability of the facilities and the ideal location within South Florida, selling your waterfront home will never be a problem if you decide to.

7. Low-Traffic Areas

Escape the bustle of urban areas and avoid the traffic that always seems to be on the streets. Roads around waterfront properties are less traveled, and make safe areas to raise children and take long leisurely strolls.

8. Timeless Elegance

A waterfront home in Palm Beach is a symbol of glamour. Due to the high price tag and the exclusivity of the neighborhoods, residents are provided with the opportunity to indulge in a lifestyle with all the right facilities at their fingertips.

Let Frankel Realty guide you in your selection of your next waterfront home. We can offer you a selection of many beautiful properties with all the amenities you desire. Call us on (561) 427-2154 to view our exclusive waterfront properties.

 

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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