Treu Group Real Estate Blog - Delray Beach

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Delray Beach

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15126 Ashland St, Apt G247, Delray Beach, FL 3348415126 Ashland St, Apt G247, Delray Beach, FL 33484 just hit the market in Lakes of Delray! Brought to you by top agents, Treu Group Real Estate.

Lakes of Delray is a fabulous Active Adult community in Delray Beach. 15126 Ashland St, Apt G247, is priced to sell and has a ton of great features. This home has a gorgeous lake view from screened balcony. With northern exposure, the home gets little direct sunlight which keeps the unit nice and cool, even in the hot Florida summer months. This home has great upgrades including all new appliances, and a brand new washer and dryer. The brand new porcelain tile throughout the home is absolutely gorgeous!

15126 Ashland St, Apt G247 is part of a wonderful community. Lakes of Delray has countless clubs, classes, activities, and resort style amenities. You'll love the lakeside olympic pool and jacuzzi. Enjoy game nights in the billiards or card room. Get creative in the art room and ceramic room, or work out in the fitness center. With so many events you'll never lack for 15126 Ashland St, Apt G247, Delray Beach, FL 33484something to do. 

The courtesy bus service will provide easy access to nearby shopping and dining which is abundant on Atlantic Ave. You'll be a short ride from trendy downtown Delray and the beach! 

Delray Beach has just been selected as a finalist for the All-American City Award...for the 3rd time! Delray Beach is the place to be for premier dining, shopping, entertainment, and stunning beaches.

Would you like to sell your Lakes of Delray home? Click here for a free home evaluation!

Are you looking to buy in Lakes of Delray? Keep scrolling to see all Lakes of Delray homes currently for sale: #lakes-of-delray#

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220 Reigle Ave, Delray Beach, FL 33444220 Reigle Ave, Delray Beach, FL 33444

Great location! Adorable 3/1 in Southridge community is close to downtown Delray and the beach. This home has been entirely upgraded with new travertine marble floors, stainless steel appliances and granite countertops. You’ll love the crown molding! The bathroom has also been completely updated: new tile, tub, sink and toilet. You'll appreciate the stack washer/dryer. The smart security system that links to your cell, security camera & mounted TV in living room are included. The home features impact glass throughout the home. The backyard is fenced and there's room for a pool! You will enjoy the open patio and new auto sprinkler. The entire lot has brand new sod. Large driveway with lots of parking spaces. There's no HOA, no monthly fees and no restrictions! This home is move in ready!

220 Reigle Ave, Delray Beach, FL 33444

220 Reigle Ave would be a perfect starter home or investment opportunity. Perfect for anyone working in downtown Delray Beach, Boca Raton, or Boynton Beach. Great location close to the Linton exit on I-95, making any commute a breeze. Close to popular Lake Ida Park. From this home, you would be able to ride your bike to the beach or bustling downtown Delray Beach. All the amazing beaches of Delray Beach are just a 5 minute drive or 10 minute bike ride away! Walking distance or a very short drive to all the great shopping and dining on Linton, including: Publix, Target, Home Depot, Trader Joe's, The Fresh Market, LA Fitness, and much more!

220 Reigle Ave, Delray Beach, FL 33444

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International Real Estate Market in FloridaThe international impact on our South Florida real estate market makes me think of "It's a Small World After All".  If you have been to Disneyworld, that song probably started going in your head.  In South Florida, that is a great theme song for our real estate market.

Florida has become a favorite with International Buyers and is the #1 place that they are investing their money.  

Top States for International purchased

Florida - 22%

California - 15%

Texas - 10%

New York and Arizona - 4% 

The international buyer spends more on real estate as an average sales price which helps the luxury sellers.  Most international buyers are cash which is a nice plus.  Also many buyers are looking for property that will wow their friends and family.  Often the homes are vacation homes or even quick get a way properties.  

Understanding which countries are interested in South Florida is important. We are constantly building relationships and studying the world changes so that we can stay in front of the changes.  

For more on International influence on the local real estate market in South Florida, check out our latest radio show!

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1345 Crystal Way H, Delray Beach, FL 33444 

This condo in Bahia Delray offers an ideal location in east Delray Beach! You are minutes to Atlantic Avenue & the beach too.

This 2/2 is a second floor corner unit that has the upgrades that you desire. The open layout offers a split plan with lots of natural lighting. The kitchen has stainless steel appliances & plenty of cabinets. This property has been freshly painted, new carpets in the bedrooms, has built-in shelving in the closets and even a waster & dryer in the unit.

1345 Crystal Way H, Delray Beach, FL 33444 

Your covered balcony is perfect for dining outside & has a storage closet. Assigned parking spot comes with unit. Living here is like living in a resort in the best city, Delray Beach. There is a clubhouse, pool, fitness center, 2 tennis courts, gated community too.

Great location close to downtown Delray, ride your bike to trendy Atlantic Ave or the beach! There is wonderful shopping nearby, with a Target just around the corner. Close to I-95 making every commute a breeze. Right across from Delray Racquet Club.

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14882 Via Porta, Delray Beach, FL 33446Welcome home! 14882 Via Porta, Delray Beach, FL 33446. Enter this villa and be wowed. The high ceilings and abundant natural light let you feel like you're in a huge building! This villa is deceptively spacious with open floor plan and popular split bedroom floor plan. The chef's kitchen will make every meal feel special. There is an open den off the entrance which could be used for an office or converted to an additional bedroom. The open living area looks out onto the sunny lanai where you'll love taking the breeze or even dine al fresco. If dining out is your thing, you won't have to go far for Villagio Reserve's poolside Cafe. The amenities in this community are phenomenal with pools, tennis courts, fitness room, demo kitchen, arts and crafts room, dance studio and even more! You'll also love the proximity to bustling Delray.

14882 Via Porta, Delray Beach, FL 33446.

14882 Via Porta, Delray Beach, FL 33446

This home is in a prime West Delray location. It's close to lots of great shopping including Delray Marketplace. The Villages of Oriole Plaza is just across Hagen Ranch Rd, which has a movie theater, Publix, multiple banks and places of worship. All of your errands can be accomplished in a short convenient trip across the street. If you enjoy nature you'll love visiting nearby Morikami Museum and Japanese Gardens. Stretch your legs and take in the natural landscape surrounding the boardwalk at the Wakodahatchee Wetlands. If city life is more your thing, make the quick drive down Atlantic Ave to bustling downtown Delray Beach, where there is a constant stream of social and cultural events. There is something for everyone at this great location!

14882 Via Porta, Delray Beach, FL 33446.

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Buying vs. RentingDoes it make sense to buy or rent?  That is a great question that every renter should ask.  90% of wealth comes from their primary home.  That should get all of our attention if we are looking to create wealth.  Before you do anything else, you should own your own home. 

There are times when renting might make sense.  If you are planning on moving away in less than 3 years, renting might be a good option.  Or if retirement is approaching and you are not sure of your long term plans.  Even if you are looking for a new career and relocating is an option.  If this is not you, then you should strongly consider buying in south Florida.   Otherwise you are helping another person become wealthy.

The other challenge with renting is that rentals are on the rise.  Why?  It is because of supply and demand in part. There are more people wanting to rent than there are rentals.  The second reason is that certain fees are higher, like taxes, so it is passed on to the tenant.  What's worse is that it will continue to increase since investment properties don't have the tax savings benefit of the Save the Homes.  Landlords can expect their taxes to increase which means that rental rates will need to go up just to maintain the same profit for the landlord.

When buying a home, you deserve to have someone on your side.  Treu Group Real Estate represents our buyers as a buyer's agent.  You might be asking, "Doesn't everyone?".  The simple answer is no.  There are 2 ways an agent can represent a buyer, as a Single Agent or a Transaction Broker.  How do I know how I am being represented?  If you have not signed an agreement, you are by default working with a Transaction Broker.  So what is the next step to buying a new home?  Call us to schedule a time to meet to discuss the process, what you can expect when working with us and your housing needs.  We look forward to helping you find your new home. 

Congratulations on the decision to be a homeowner!

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If you are like most buyers, you will be obtaining a mortgage.  It is a critical set in obtaining the keys so you can move into your new home.  So what is the big deal?  Getting a mortgage is step one of making your dreams come true. 

Florida is number 1 for mortgage denials.  This isn't something that we want to be #1 in as it means that buyers and sellers are disappointed and closings don't occur.  17% of applicants get denied.  Wow, that is a big number.  Imagine that you have found a home you love, you're already decorating in your mind and packing only to hear NO. 

So what do you do if you want to buy a home to have your loan approved?  There are steps to improve your chances of having your loan approved.

  1. Check your credit on a free credit score site like creditkarma.com.  This will give you an idea and a range of your credit score.
  2. Pay down your credit cards below 30% - all cards.  Many people pay off one and leave higher balances. 
  3. Don't change anything financial like jobs, closing credit lines or opening credit lines.
  4. If your income is commission or bonuses discuss with your lender.  You will need a history to allow this to be counted as income.
  5. Make sure you have reserves as required by your lender.
  6. Use a great lender that will do a pre-approval, not a pre-qualification.  Make sure the lender has reviewed, credit, your income, tax returns and your expenses.  Almost all issues could have been anticipated by a proper pre-approval. Too many buyers wait to get pre-approved until after they find a home and then they lose it. 

So what do you do now?  Let Treu Group Real Estate help you.  We will get you pre-approved for your loan and then schedule a time to meet for a consultation.  Spending a few minutes up front allows you to  save hours and more importantly get you to the home of your dreams. 

Need more tips?  You can listen to a radio show discussing obtaining your mortgage. 

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Buying a home with Treu Group Real EstateThis week on Treu's Weekly Tips we'll talk about buying a home and everything you need to know about the process! The first step is getting pre-approved. Treu Group has great resources for you, like our website which is a direct MLS feed, so you can search all of the newest homes for sale. 

When buying a home, or working with a builder, you should use Treu Group. Most importantly, we will represent you as a buyer's agent. The seller pays our commission, and when you hire one member of the Treu Group, you really get the entire Treu team, working for you! We have years of experience and are experts at getting results, and finding solutions. 

 

Listen to "Master Your Mortgage with Treu Group Real Estate" here!

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Here is all of the information that you need to know in order to file for your homestead exemption! It is the time of year that homeowners are thinking about making sure they have their HOMESTEAD EXEMPTION complete so they can get a credit on the property tax bill they will receive.

Florida homeowners are entitled to property tax credits which they may qualify for.  These may include: Homestead, Widowed, Blind, Disabled, Veterans (various categories) and Ect.   The homeowner must be able to show proof of ownership as of January 1 of the year and must file with the county tax department for exemption no later than March 1.   Approved exemptions will be reflected in the yearly tax bill which is issued on November 1.  The taxes are paid in arrears ( Jan. 1 starts the tax year however we do not see the tax bill until Nov. 1).

There are many reasons to homestead your property.  The first is to save money.  That alone would be enough for many however this is just the beginning.  My favorite part is the Save Our Home component that limits the impact of fast appreciation.  You will have the protection that if prices go up, your assessment will be capped at 3%.  And then there is the legal benefits.

It is easy to apply on-line by following these easy steps.

Go to web browser and type in: http://www.pbcgov.com/papa/

Property Appraiser’s Public Access, (click and this will take you to the property appraiser page.

Mid-page click in the section, How Do I ….

File for exemption

Click,  Forms Tab  at top

Click , exemptions

On right ;   Click Here for E-File

Then follow the instructions to complete the form information.

You will need a Florida driver’s license, Voter Registration and ect.

You will then be able to get credit deductions on your property tax bill, it’s that easy.

If you have questions related to Homestead Exemptions or other Real Estate related questions,  give us a call at Treu Group Real Estate

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The international market is alive and well in Florida.  It really is a small world after all.  Changes globally impact us here at home in Florida both positively and negatively.  Why does the international market matter so much?  Florida receives 22% of all international buyers.  In fact, we are the number one state that international buyers purchase in.  Many guess that California or New York are the most popular however they trail Florida with !5% for California and 4% for New York. This shift has occurred since because of the perceived value for Florida properties. 

One of the benefits of the international buyer is that their average sales price is higher.  The average sales price for Florida buyers was $258,200 compared to Florida International buyers at $538,600. 

Why do international buyers purchase a home in Florida? 

41% selected Florida because it is a desirable location.  That is an easy guess.  Who wouldn't love warm weather, great beaches and a lot of entertainment. 

30% selected Florida because it was a secure investment. 

21% selected Florida because it was a profitable investment. 

The value of the US dollar versus their prospective country's currency impacted their ability or comfort to make a purchase.  The Canadian, Brazil and Britain have seen the impact and therefore their buying decisions. 

Why do international buyers decide not to purchase?  The number one reason is the cost of the property.  This is up 7% in a year.  The other reason is that they could not find the right property.  Many times, this could be avoided by finding the right agent that understands their needs, takes a consultative approach, has an understanding of the market and a proven track record. 

The International Market is always changing and it is important to look for the opportunities that are current and also upcoming.  I would say all countries are important however some impact our real estate market more than others.  Changes in economic and political situations in other countries as well as the United States can impact buying and selling decisions for South Florida. 

Why is the International Market important?  They make up many of our real estate transactions and also tend to buy more expensive properties.  What do the international buyers spend by country?

Brazil                      $587,700 

Canada                   $376,800

China                   $1,064,000

United Kingdom       $289,600

Venezuela                $390,400

Western Europe       $844,500

Most of the international buyers are purchasing with cash which also helps with our real estate market stability.  Only about 20% of the buyers obtained a mortgage. 

Why are they buying?  We are seeing a variety of reasons.  Buyers from the UK were the most likely to purchase for vacation or rental.  Buyers from China like to buy properties for their primary residence or for their college students to occupy.  This is one of the reasons that the Chinese tend to spend more. 

Why should Palm Beach County be considered by international buyers?  Palm Beach County offers stability and opportunity.  There are amazing communities that have a variety of lifestyles including golf, great beaches and unlimited entertainment.  There is something for everyone. 

 

 

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