Treu Group Real Estate Blog - Blog Archive: September, 2014

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September 2014

There are 5 blog entries for September 2014.



How we helped Karen buy a home by making the process easy for her

"My husband used to take care of everything when we bought our homes but I lost him in 2000. When I was ready to buy, I thought it was going to be a nightmare.  The only way I can describe my experience was that it flowed as easy as melted butter.  I told them what my needs were and what my time frame was. They showed me properties, and literally, within 8 days of finding what I wanted they handed me the keys. It was just incredible and I can’t say enough! I could not have done it without the Treu Groups help!"

-Karen Shealy, Home Buyer
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Most likely, you received your proposed property taxes in the mail recently.  The Treu Group is here to help you understand what they mean and what to expect.

Palm Beach County is big; with 38 municipalities, it is not safe to assume that property taxes are the same or about the same throughout.  We have worked with many people interested in our local real estate and from experience, we know that when buyers are debating between homes, the property taxes are often a deciding factor.

About two weeks ago, proposed property taxes were mailed out, and surely, as a result, homeowners have many questions regarding their homes' values.  Palm Beach County property appraiser, Gary Nikolits, says that it is good to have inquiries since it is critical for

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There are many great Palm Beach County homes for sale. Click here to perform full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (561) 352-3056 for a FREE home buying or selling consultation to answer any of your real estate questions.

Many people have asked us lately: "What's going on with our real estate market in Palm Beach County?" Today we have some good news.
We are still in a seller's market - with 5.7 months of inventory, we're close to having a neutral market of 6 months worth of inventory. We've also been seeing many cash transactions lately; in fact, 41.7% of recent transactions have
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The Mortgage Debt Relief Act might have expired last December, but not to worry, it could be coming back.

Everybody was surprised when the act was allowed to expire last year due to tensions in the capital, especially considering the tremendous support for its renewal.  The good news, however, is that there is an extension that has made its way through the senate finance committee.  Although this in no way guarantees the act's resurrection, it does mean that we are on the right track.  The estimate for the act's renewal is around December 2015, and if this act happens it will be retroactive back to January 1st.

Another protocol was enacted earlier this year that altered the window for lenders to pursue deficiencies.  Lenders used to have five

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This is the second part to our two-part series on changes to mortgages.  These changes to Fannie Mae and Freddie Mac influence not just our local real estate economy, but also the national economy.

If you have had a short sale or have done a deed in lieu in the past two years, you may be getting ready to get back on the market.  However, now Fannie Mae and Freddie Mac have extended the waiting period from two years to four years.

Just how much impact do Fannie Mae and Freddie Mac have?  They back the conventional loan product, which has been very popular in recent years.  However, this is surely a situation where we cannot determine the impact until after it has happened, which we expect to be within the next three months.

When the

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