Sunday, July 24, 2016
MARTIN'S CROSSING - $210,000 - CALL JENNIFER FERRARI - 772-486-8378
In Martins Crossing: Great opportunity with many
upgrades and super great location to I95. Granite, stainless appliances
in Kitchen. Plantation shutters. NEW A/C. NEW Washer and Dryer. Tile
and wood floors with new carpet on stairs. Recessed lighting and ceiling
fans. Hurricane shutters. All newly painted, including garage floor!
Fenced backyard on the Preserve. Move in condition with lots of privacy.
Low HOA. CBS construction. Many community amenities and photos at Martinscrossing.org
Community amenities: pool, gym, playground, clubhouse, tennis courts,
as well as neighborhood gatherings and activities. Presented by The
McAllister Int'l Group 561-756-0891.
#JustListed #StuartFlorida #HomeForSale #KellerWilliams #RealEstate
Jennifer Ferrari and volunteers at the Golf Tournament to benefit Courage on All Fronts. Great event for a great cause.
#GiveWhereYouLive #McAllisterIntlGroup #365ThingsToDoInTreasureCo
Thursday, July 21, 2016
Friday, July 15, 2016
|by Kris Barros|
|“Boomlet” is apparently a word. Merriam-webster.com defines it as “a sudden and usually brief increase in business activity: a small boom”. Apparently, we are in a mortgage application “boomlet”. Lower interest rates, “thanks” to the Brexit, pushed total mortgage application volume up 7.2% last week even with the Fourth of July holiday, according to the Mortgage Bankers Association. Refinance applications were entirely behind the jump. Applications from current homeowners increased 11% from the previous week to the highest level . So, why are low rates seemingly so enticing to current homeowners but apparently had little effect on would-be homebuyers?|
From a lender’s perspective it is easy to see. Current homeowners clearly understand the benefits. There is an immediate benefit they can see. They currently have a payment which is lowered by refinancing. From a buyers perspective it doesn’t seem like they fully understand the impact rates have on their buying power. In some instances, what have been very favorable rates throughout this home buying season and the limited availability of “starter” homes have pushed asking prices higher, offsetting the benefit of the lower interest rates to some degree. This impact on potential homebuyers won’t go away anytime soon. This summer may be the best opportunity for many to purchase a home over the next couple of years.
If Merriam-Webster’s definition is accurate, this “boomlet” is likely to be brief. What will it take to bring home buyers to the market in time to take advantage of the rates currently available? They say “knowledge is power”. Making the benefits of buying “now” apparent to buyers is something a lender can help with. At today’s rates, the affordability of a mortgage, even one with a limited down payment, shouldn’t be an unknown to any borrower. With Embrace’s Approved to Move™ program, potential home buyers are fully underwritten and approved prior to identifying a home. The process allows potential borrowers to explore various programs and terms to maximize their buying power. The best part of the program is its ability to compress the buyer’s purchase time-table to allow them to take advantage of what may or may not be a “boomlet” driven by recent low rates.
Tuesday, July 12, 2016
NEW LISTING - PALM CITY 3/2/2 2342SqFt - $454,900
Outdoor living at its best! Covered lanai with TV & dining area, game & bar area all within the massive new pool screen. Watch the football game from the solar heated pool! Convenient cabana bath. Awesome yard for all your get-togethers. Circle drive for good parking. All this plus a wonderful spacious home, perfect for entertaining. Sliders pocket back into the wall so kitchen family room are both inside and out. Extensive professional landscaping/lighting. Ask for the feature sheet for all the New Upgrades including a New Roof! Community pool, tennis, basketball and boat ramp. Non commercial trucks and boats are welcome. If outdoor living is what you are looking for. . .do not miss this home. Call McAllister Int'l Group 561-756-0891 or visit www.TreasureCoastHomesOnline.com
#JustListed #HomeForSale #PalmCity #TreasureCoast #RealEstate #KellerWilliams #McAllisterIntlGroup #PoolHomes
Sunday, July 10, 2016
NEW LISTING - 2/2/1 TOWNHOME RIVIERA BEACH - $139,900
Enjoy the feel of sophisticated living in this fabulous condo. You’ll be hard-pressed to find a better place in this price point in the Palm Beaches. The townhome boasts strong architectural designs and an innovative floor plan as well as new appliances, wood and tile floors throughout. Best of all the new air conditioner will help you stay cool during those humid summer months. The attached garage is spacious and since you don’t have to care for your yard, you will have plenty of room for your fishing poles and golf clubs. You will feel like you are in New Orleans when you are enjoying your spacious balcony that overlooks tree-lined streets. The neighborhood features a long list of premium resort style amenities including a heated leisure pool, tennis courts, full size basketball courts, fitness center, a tot play area and an aqua lot (kiddie pool) exclusively for residents and their guests. The Thousand Oaks Community is just minutes from world-class shopping and dining, breathtaking beaches and Palm Beach International Airport. Call the McAllister Int'l Group 561-756-0891 or visit www.TreasureCoastHomesOnline.com
#JustListed #HomeForSale #Townhome #RivieraBeach #KellerWilliams #RealEstate #McAllisterIntlGroup #TreasureCoastHomesOnline
Friday, July 8, 2016
Mortgage Update - Brexit's effects on the mortgage industry
by Kris Barros
While Brexit from the EU is wreaking havoc on stock markets across the globe, there is no denying that the favorable impact on mortgage rates should have lenders and Realtors® screaming like school girls watching the Beatles perform on the Ed Sullivan Show. For the potential home buyer every open house this weekend should be the hottest ticket in town.
Mortgage rates are back to historic lows. According to Bankrate, the average 30-year fixed-rate mortgage is 3.51%. At this rate, buyers pay about $450 per month in principal and interest for every $100,000 borrowed. For $1,350 a month buyers can get a $300,000 mortgage. The average 15-year fixed-rate mortgage is around 2.69%. The usual trade off of paying more per month for the shorter term become less concerning at these rates. The monthly payments on a 15-year loan at 2.69% are around $676 for every $100,000 borrowed. Taking a 15-year mortgage would mean many Millennials could be mortgage free before their kids reach college.
This does appear to be a summer event. Even with the impact of the Brexit, most believe mortgage rates will rise by year end. Outside of a fairly anemic jobs report last month, the U.S. economy is fairly healthy with wage growth nearing pre-recession levels and unemployment figures as low as they have been in about 9 years. At a minimum, this will have the Fed still considering rate increases before year end.
What is left of this summer should be spent on the streets with flyers announcing this summer’s low mortgage rate show. Lenders and Realtors® need to take on the persona of a carnival barker attempting to attract as many potential homebuyers to this summers show as possible. It shouldn’t take more than a brief description of the low rate attraction and emphasis on novelty and beauty of record low rates to incite homebuyers to attend. Of course the “record low” rates made what we thought was a farewell tour in 2013 but there is no harm in making this another low rate farewell tour.
So while the British stagger across the world stage belting out that classic Clash hit deciding whether they should stay or they should go let’s forget about the financial market trouble and just enjoy the low mortgage rate show touring the US this summer.
Wednesday, July 6, 2016
NEW LISTING - 5.22 ACRES EAST OF US1 IN PORT ST LUCIE - $649,000
Best Kept Secret in East PSL. Bring your horses, trucks, etc. Lots of riding trails, yet close to beach. East of Federal, gorgeous Custom 2006 Boca Style home, professional grade chefs kitchen with Thermador 48 double gas stove with potfiller at stove. Subzero 48, granite counters and huge walk in pantry. 20'' diagonal tile floors, 20 ft ceilings with great crown. Huge private master with oversize closet. 3 car garage, RV/coach parking, Safe room. Savannas State Park is close by with 5,000. acres of Preserve and miles of trails. 5.22 Acres of very private land to build your barn, have a pool, or just have fun. Pond. Huge patio, reminiscent of old Florida. No HOA. Walk to stores. Dirt drive being graded.
Call the McAllister Int'l Group 561-756-0891 or visitwww.TreasureCoastHomesOnline.com