Award Realty Services
( Palm Beach Lifestyle )
We Are a Dedicated Family Owned Full Service Company,
Not Another Real Estate Franchise.
TEN REASONS TO BUY A NEWER HOME IN THE NEW YEAR
Enough is enough. All doom and gloom about stagnant sales and falling prices is self-fulfilling prophecy and not completely accurate.
It's true that prices have droped, but most homeowners in this area are still far ahead of where they would have been if the boom or bust had
never happenened.
According to the National Association of Realtors, and also real estate expert Larry B. Loftis, Esq. in his book Successful Real Estate Investing in a Boom or Bust Market, the norm for appreciation of a single-family homes is 6.7 percent annually (measured from 1968 to 2005). Since that figure can fluctuate quite a bit by year due to local economics, interest rates and other factors, it's more realistic to consider appreciation of 4 to 10 percent in any given year as the "normal" range.
During the height of the market in 2005, and the year or two leading up to it, many investors and homeowners saw the equity in their properties grow by as much as 75 percent - or even more- in a relatively short period of time.
So, even with falling prices, many of our homes have still appreciated more than the "norm" during the past few years.
It's also important to remember that real estate has always gone through cycles. Historically, however, it has outpreformed nearly
all other investments.
Gerald Marcil, one of the contributors to How to build a Real Estate Empire, says, "I don't know when the market will peak or when it will bottom out. I stay in it at all times and just try to buy the the best deals at any given time. My strategy is to buy high, low and in the middle. It will average out over the long hall."
For prospective homebuyers in today's market, Graig Perry CEO of Centerline Homes, offers this observation: "the biggest misconception is that we're not at the bottom. During the boom, the market became inefficient, with demand outpacing supply. but, the market is efficient and has a way of figuring itself out.
"We've been bouncing on the bottom for a few months now, and the market's about as low as it's going to get," Perry adds. " mortgage rates arn't going to get lower, and the current excess supply is going to start to shrink, so the market will be balanced again."
As that happens, the savvy buyer will have already purchased or be in a position to do so very shortly. Buyers who try to outsmart the market and wait too long may be very well lose the opportunity of a lifetime.
Contrary to so many of the negative reports, people are recognizing these opportunities and buying- just at a more realistic pace than
during the boom.
Call or Email us for a complete package of information on a specific community you may have interest. ( Info@AwardRealtyServices.com )
Toll free ( 888-748-9112 ) or ( 561-748-9110 )
Here are ten of the best reasons to purchase a newer home in the New Year
1. You need a place to live.
During the boom, people began looking at their homes strictly as investments and not as places to live. Your home should be a place to spend quality time with family and friends, with the chance to gain long-term equity a nice side benefit. Expecting your home purchase to be a single- most important element of your investment portfolio, especially in the short run, is not realistic or fair.
Of course, you need a place to live, and owning is less expensive than renting. Insted of throwing money away on rent, and helping your landlord pay down their own principal, take advantage of the current market's special priceing, incentives and special mortgage programs, especially for first-time buyers.
2. Choose what you want.
One of the nicest things about buying a newer home is that you get to choose the floor plan, features and finishes that best suit your tastes, lifestyle and budget. While some people can't live without granite, others don't want to pay for it and just as happy with beautiful Corian.
Likewise, some people want a split-floor plan, with all the rooms on one floor, while others opt for all the bedrooms on the second floor.
When it's a new home you can customize it the way you want.
3. Cutting edge design, features and amenities.
The home layout reflests the way people today live. Formal living areas are often more contained and private, while informal areas are more wide open and spacious. The two are no longer blended, and there is more emphasis on the great room. Many layouts are also flexible, providing options for dens insted of bedrooms, or home offices. Communitiy amenities have become more lavish and impresive.
4. Energy Efficiency.
Newer homes are required to meet higher efficiency standards, therefore are more efficient.
5. Lower Maintenance costs.
With newer construction, useing today's more advanced and
improved building materials, chances are it will be
many years before you will want to upgrade
6. Tax savings.
Uncle Sam has made your home one of the best tax shelters available, since mortgage interest and property tax can be deducted. Even better, when you sell a home, the first $250,000 (if you are single) and $500,000 ( if you're married) of profit is tax-free. This is a considerable advantage when you consider that taxes must be paid annually on the interest/profit you make from savings deposits and any other investments.
If you're currently renting, think seriously about purchasing.
The tax advantages alone should outweigh any anxiety
about jumping into today's market.
7. Equity, sweet equity.
The longer you own a home, the more you pay tward principal, increasing your percentage of ownership and decreasing the amount you owe the lender. As equity builds, you create more wealth for yourself and your family. Even with the inevitable ups and downs of a any market, the equity you earn through real estate is almost always greater than what you will make from any other investment.
The trick is to have the mindset of long- or at least medium-term investor- and to not approach real estate like a day trader with stocks. This how many people were hurt when the bubble burst, but it does not have to be that way. Buying a new home makes good financial scean.
8. Hurricane codes.
It's no secret that we are now living in a time when
hurricane preparedness is a necessity.
Newer constructed homes have had stricter hurricane codes in place to insure the building will withstand the hurricane winds.
Just as important, homes built to current hurricane code standards are eligible for deep discounts on insurance.
9. Waiting can cost you.
Purchasing a home is one of the most important decisions of your life and not be taken lightly. At some point, though, all of the research and analyzing can be paralyzing, robbing you of an excellent opportunity to move into the house of your dreams and build personal wealth, as a result.
As we all know too well, the market can turn on a dime- in either direction. Waiting for a lower purchase price and/or interest rate can backfire if pent-up demand suddenly causes prices to start rising.
With a decision this important, don't let the odds work against you.
10. You deserve it.
There is nothing like the look and feel of a newer home in which to move into. It is our refuge in a busy and stressful world.
Knowing that you can do whatever you want to make your home your own retreat or sanctuary, without having to get permission of a landlord, can be an empowering feeling.
Make a decision to purchase now-
you won't regret it!
Call or Email us for a complete package of information on a specific community you may have interest. ( Info@AwardRealtyServices.com )
Toll free ( 888-748-9112 ) or ( 561-748-9110 )
The Palm Beaches is more than a place to live,
it's a place to experience.
For more info about Jupiter FL Homes For Sale visit:
Award Realty Services Specializes In
Jupiter area Real Estate
Many of our Realtors live throughout the tri-county area, therefore have personal experience with the communities in Palm Beach, Martin & St. Lucie Counties, which include their many Waterfront, Golf & Tennis Club Communities.
Contact us today for specific details on boat ramps, water depth, bridges, distance to marinas and ocean access, for the club community/waterfront location and home for you.
"There's no place like Florida's Palm Beaches and Treasure Coast"
"Real Estate is a Local Business"
You will see how years of experience can help you with your real estate needs.
For prompt and knowledgeable service call,
Office: 561-748-9110 (Toll Free 1-888-748-9112)
Email: (Info@AwardRealtyServices.com)
We Are the "BRIDGE" between BUYERS and SELLERS.
Jack Vania
Direct (561-729-7255)
Office (561-748-9110) (888-748-9112) Email: (Vana_@Yahoo.com)
Cindy Spindle
Direct, (561-758-2208)
Office or (561-748-9110)
Toll free: (888-748-9112 Email: (CindySpindle@MSN.com)
Pat Patatico Direct, (561-676-9915)
Office 561-748-9110 (888-748-9112)
Email: (Patpratico@Gmail.com)
Mike Beaupre direct, (561-346-9011) or
Office 561-748-9110 Toll free: (888-748-9112)
Email: MBeaupre@AwardRealtyServices.com
We're here to help, Gain from our Perspective.
Come experience for yourself and see what sets
Award Realty Services apart from the rest.
Remember John 3:16. Yes, eternity is spent somewhere.
This is the day the Lord has made, Rejoice and be glad in it!
"You Will Always find Friendly, Professional
and Personalized Service"
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AWARD REALTY SERVICES
(Palm Beach Lifestyle)
Proven * Trusted * Respected
We are located at the Gateway to Jupiter, just 1.3 miles East of the
Florida Turnpike & I-95, at 401 Maplewood Drive, Suite 23, in Jupiter, Fl 33458.
" We are located in the heart of the Jupiter Business District "
Office: 561-748-9110 (Toll Free 1-888-748-9112)
Email: ( info@AwardRealtyservices.com )
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