Treu Group Real Estate Blog - Vlog

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The current Palm Beach real estate market has three amazing opportunities for buyers, sellers, and investors. I will go over each of them today.
 
There are opportunities all around us, and today, I want to share the three biggest opportunities available in the current Palm Beach real estate market.
 
1. For the move-up buyers: If you have a home in the $300,000 to $400,000 price range, now is the time for you to move up into that dream home. You have the unique opportunity to sell your home at top dollar and then move up into a less competitive price range. Not only will you have more homes to choose from, you may also get a better deal!
 
2. For the investors: I have a list of really great deals. Many of these happen to be foreclosure properties. These properties range from $200,000 all the way up to the luxury market, so there is truly a deal for everyone. To help make it easier for you, we are starting a VIP Investor Program that our clients can use free of charge. To sign up, click here[LINK].
 
3. For the sellers: If you have a home to sell and your home is priced at or below $500,000, you can get multiple offers on your home and sell for over asking price. We have also been negotiating great terms for sellers in this price range. You can get post-occupancy agreements and a lot of other perks that you couldn’t get under other market conditions.
 
No matter which opportunity you choose, we always want to help you get that competitive advantage in the real estate market. If you have any questions about buying, selling, or investing in a home, just give us a call or send us an email. We would be happy to help you!
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Home values are on the rise! Everything you need to know about buying or selling a home in Palm Beach County. Home values are rising which could be both good or bad news. Tune in to get the latest updates on home appreciation, renting vs. buying, and property tax.
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Our second annual “Santa’s Helper” event is coming up. We would love for you to join us for this special event.
 
Halloween and Thanksgiving are right around the corner, and Christmas and Hanukkah will be here before you know it. We are already getting in the holiday spirit by planning our second annual “Santa’s Helper” event. The inaugural event last year was a ton of fun, so we thought we should reach out to you and give you the details on year two.
 
With this event, we’ll be able to help 50 local children right here in Palm Beach County who may not have much under their tree if it wasn’t for this event. We are excited to take them and their families to Target, give them a gift card, and allow them to shop for their toys and maybe even buy mom or dad a little present. This isn’t about the necessities; it’s about making Christmas and Hanukkah special for these children.

If you would like to be part of this event, there are a couple different ways you can help out. One way is by being one of our 50 shopping buddies. Our shopping buddies last year all had a wonderful time and many of them will be back this year. As a shopping buddy, you’ll be able to take some kids around the store and help them spend their $100 gift card, which is covered by other donations.
 
The second way you can participate is by donating. Any donation you give is appreciated. If you’d like to adopt a child and cover their entire $100 gift card, you can do that. If you would just like to give a few dollars so we can help more kids, you can do that too. Once again, any donation is appreciated. We are always happy to help give back during this time of year.
 
The Santa’s Helper event will be held on December 1st at the Boynton Beach Target. Helpers will arrive, meet their child, shop, and enjoy the true meaning of the Holiday season. We would love for you to join us.
 
To sign up to be a Santa's Helper, click here. To donate or sponsor a child, click here. If you have any other questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.
 
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Learn how you can increase your chance of getting your dream with the right lender. Understanding the mortgage timeline is critical especially as we are heading into the end of the year. There is still time to close by the Holiday season or the end of the year to qualify for the homestead exemption.

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Since market values have gone up 9.5% on our taxes for homes
in the past year, you need to know how to budget for your tax amount.

Property taxes are an important part of our budgets when we’re buying a new property or looking at how a property cash flows. This past year, our market values went up 9.5% on our proposed taxes for our homes. What does that mean?

If your property was homesteaded, it likely means absolutely nothing. For example, for my primary home, the market value actually went up $125,000, and yet, my assessed value only went up $2,000. If you own an investment property or a commercial property, however, you don’t have that benefit. You may be a little shocked this year when you get your tax bill, but you can make that payment in November.

The other person who might be a little shocked this year is the one who purchased a home last year, especially if that home had the “save the home” benefit. You may have budgeted for a lower tax amount or had a lower tax amount in your escrow account, and now you’re having to make up for last year, plus your lender will adjust your escrow account for next year.
 
We’re getting a lot of calls from buyers and sellers who are confused about taxes, especially those who’ve just made their purchase. If this includes you, here’s my advice:
 
  1. If you already own a home and it’s not homesteaded, and it’s now a financial challenge for you, give us a call and let’s look through your options. Maybe that property that did create cash flow is no longer the right option.
  2. If you just purchased a new home, make sure you file for homestead exemption. That will save you thousands of dollars in the future, plus provide other benefits.
If you’re in the home buying process, it’s not important what the taxes are today; focus on what they’ll be in the long term. What you need to do is look at the current owner’s market value versus the assessed value. If there is a differential, your taxes will likely go up in the future. That’s OK as long as you budget accordingly. 

This is important to remember if you know your escrow account might be a little short. You can set that money aside and you won't be as surprised next year when you receive a higher tax bill.

So, go ahead and file for the homestead if you can. If you sold a home in Florida and purchased another home in Florida this year, you have another benefit called “portability.” That means you take some of your benefits of that previous home—the tax savings—and bring it to your new home.

If you're interested in learning more about property taxes and homestead exemption in Florida, click here. If you have any more questions about property taxes, give us a call or send us an email. We look forward to hearing from you!
 
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The latest real estate update with the latest statistics including the hot and cool areas in Palm Beach County.  Listen to learn the strategies and best opportunities to position yourself to win when buying or selling real estate.  If you are a move up buyer now may be your time to shine. Homes in the luxury market are having a harder time selling, and that is why you need the right price and the right marketing! We are also noticing some neighborhoods are in finally in recovery, and there are less distress sales. This is important to those who are thinking of selling their home in the near future. With fewer short sales and foreclosures many sellers are no longer underwater.  Please check us out at treugroup.com for real time updates on homes for sale in your area.
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Looking to improve your real estate career? We're here to help you make a smart decision when it comes to growing your business, improving your bottom line, and choosing a place to work in real estate sales. If you'd like to learn more about working with The Treu Group, contact us at (561) 352-3056 or lisa@treugroup.com

Today I wanted to switch things up a bit and share with you the four lessons that I learned while on vacation in Greece. There are lessons all around us everywhere we go.

The first is to be open-minded. One thing I was really concerned about was the cuisine because I wasn't sure if I'd like it. I didn't like Greek yogurt, but what I discovered was that I just had never had great Greek yogurt. In Greece, we enjoyed fresh Greek yogurt every morning, and it was delicious! Imagine if I had been unwilling to try something new— I would have missed out on discovering one of my new favorite things.

The second thing I learned was to be willing to try something new. We also rented scooters and ATVs in Greece, which scared me a bit because we weren't familiar with the area, and honestly, they drive a little bit crazy over there. We decided to try something new, though, and we got to see parts of Greece that we would never have gotten to see if we hadn't been willing to just give it a try.

Another thing I learned was to treat everything like an adventure. Even something like getting lost can be fun. Look at life that way— what are you doing in the moment, and how can you make it fun and exciting instead of just looking at what's wrong.

Finally, the fourth thing I learned was to set big goals and allow yourself to dream bigger. My husband and I were celebrating our 30th wedding anniversary, and we thought back to our honeymoon. It was very different than this trip; it was a very short weekend trip, which we thought was wonderful at the time. Because we've allowed ourselves to think big and dream big, we were able to take this amazing trip.

I hope you'll take these four lessons I've learned and give them a try to create something amazing for yourself. If you have any questions for me, please don't hesitate to give me a call or send me an email. I'd love to keep this conversation going!
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Palm Beach County proposed property tax notices are out. The question we get most is: will my taxes go up?  It really depends on where you live. Lisa Treu and Brian Mudd welcome in this episode the Appraiser Gary Nikolits to discuss property taxes and how property owners may be impacted by the latest changes and updates.

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In this ever changing market you need to pay close attention to tips on how to make buying a home easier for you. Lenders look closely at credit history, scores and work history. Now is the time where there are opportunities in the luxury market for move up buyers. Investors are now looking to buy for long term. More people are now buying for cash flow, and making the market more competitive.
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