Real Estate Trends
Are Foreclosures Good Deals? Or Not So Much?
If you’re paying any attention to the local real estate vibe, you’ve probably heard it said: “Maybe I can pick up a foreclosure property for cheap. . .” We in the biz hear that sentiment expressed often. But are foreclosure properties really offered to the buying public at a discount? The answer might surprise you.…
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Prime West Palm Beach Land Sells at Auction
A notable stretch of vacant land in downtown West Palm Beach sold on Wednesday, May 14, at auction. An bidder paid $3.47 million for the parcel of land located at the southeast corner of Banyan Boulevard and Rosemary Avenue. The identity of the buyer has not yet been made public, and a new deed has…
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Sage Advice for Anyone Looking to Rent in Downtown WPB
There is a good article in today’s Palm Beach Post, written by Kim Miller, entitled “Top Ten things every renter should know.” According to the article, the list was compiled by two Realtors who work in the Miami market. You can check it out in its entirety here, but you’ll find it’s mostly just a…
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Short Sales – How they Really Work
Just about everyone has heard of Short Sales, but few people really have a handle on what they are and how they work. Let’s therefore take a minute to run through the details, using a fictional family, the Andersons, as an example. The Basics In 2006, Bob and Jenny Anderson bought a 2-bedroom condo in…
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Foreclosure Listings Downtown a Rare Find
Some very positive news on the housing market in our area . . . The number of foreclosure cases filed in Palm Beach County fell 9% from January to February of this year. More impressively, the number of cases filed in February 2014 was down 49% compared to the same month last year. Granted, there…
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