Treu Group Real Estate Blog - Wellington

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Wellington

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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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Read on to learn more about 8273 Bob O Link Dr, West Palm Beach, FL 33412!

Welcome to Ironhorse Country Club! This is a gorgeous community near Wellington where membership is not mandatory. You do have the option to join as a tennis, golf, or even just as a social member. You may not need to buy a membership living at 8273 Bob O Link Dr, West Palm Beach, FL 33412. With a gorgeous screened in pool, beautiful French door entry, open living space, and popular split bedroom layout, you'll never want to leave home! There is a 2 car garage and large driveway so you can have plenty of room for all your toys. This is a golf cart friendly community! 

 

Click here to learn more about 8273 Bob O Link Dr, West Palm Beach, FL 33412

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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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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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The international market is always something to watch with real estate in South Florida. It is always a constantly adapting market, with the economic and political changes that take place.  As the famous ride at Disney World says, It's a Small World After All.  

Which two countries could have the greatest impact on OUR Florida real estate market?  

Give up? 

Well…. One is CANADA.  The other is CHINA.

Let me ask you another question now.  Which country’s impact will be more positive and which will be negative?  I’ll give you a hint:

 China has just surpassed the US as the official new world leader in cross-border investing.  Florida has made the top 5 places that Chinese investors are focusing on with their real estate purchases.  
 

And what exactly are the Chinese investing in??  They are investing in residential and commercial property assets - to the tune of about 21 billion dollars!  And they’re using some great strategies to do so.   

What is their overall investment strategy?  

Stability… and opportunity. By opportunity…the Chinese know where to find a good REAL ESTATE BARGAIN.  South Florida is really popular since our rent rates are favorable for the investor. 

Now… what about our friends north of the border??  Well… that’s where the news isn’t so good.  

Canadians represent a lot of the international real estate purchases here in Florida.  However, with the Canadian dollar continuing to decline… that’s causing a significant decrease in their ability to invest in Florida real estate.  With the strengthening of the US dollar, it now costs 25% more for the Canadian buyer.  
 

What can you learn from all this:  It’s important when hiring a realtor… that your realtor knows the ins and outs of the international market!  


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3 Ways to Save Big on Property Tax

 

I am sure you have heard the quote, "In this world nothing can be said to be certain, except death, and taxes," by Benjamin Franklin. However, there are ways to save money on your property taxes!  In the state of Florida, you can claim homestead on your property if you reside there for 6 months and 1 day out of the year. If you own a property in Florida that is your primary residence, you qualify for some great tax breaks!  Here are 3 things you need to know about property taxes:



1. Close by December 31st, 2016!


If you are in the process of purchasing a new home, you must close by December 31st to be allowed to receive the homestead tax exemption for the next year. To qualify for the homestead exemption for the year of 2017, you must own your home by December 31st, 2016! Another date to keep in mind is March 1st, 2017. In order to get a homestead tax exemption for the year of 2017, you must apply by March 1st, 2017. If you miss these dates you will have to wait until next year!  Either error could cost you thousands of dollars. 


2. Plan ahead!

Closings  can take some time. The average closing takes about a month to fully complete. In some cases it can take up to 6 weeks. Allow yourself plenty of time well before the December 31st due date to assure that your new home will qualify as your primary residence for the next year!


3. Use a reliable lender!


Be sure to finance your new home through a lender you can trust. Don’t work hard to meet that December 31st cut off only to find that your financing has fallen through or has been delayed! Only use a dependable lender for your real estate finances, a reliable institution that will definitely be able and willing to hit your deadlines.


Follow these steps to your homestead tax exemption!


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This estate in the renowned Palm Beach Polo & Country Club will take your breath away. You have worked hard and you deserve to have everything that you desire. This beautiful home offers a large lot, with over 1/2 an acre of property, 4 bedrooms, 5 bathrooms, expansive indoor and outdoor space, and a private pool, to name a few.

 

The moment you see the home, you will be wowed. You will love pulling up to your statuesque property with its premium location on a cul-de-sac. The two story interior encompasses 4,501 square feet and has room for family, friends, and more with its ideal design that boasts four large bedrooms, a den, and even a loft for the master suite. The double door entrance elegantly welcomes you to your own piece of paradise. The large open living room features volume ceilings and room for a piano. There is even a bar area, as well to feature your wine and entertain guests. Adjacent is the formal dining room, ideal for throwing extravagant dinner parties and holiday gatherings. The kitchen has been updated, as well, for culinary enthusiasts and master chefs alike. Enjoy the best of form and function with custom cabinets, upgraded appliances, granite countertops, a butcher block island, and a lot of storage space. You can have a snack in the convenient eat-in area or sip your coffee amidst a gorgeous view in the alfresco dining space right off of the kitchen.

 

Downstairs, you will find the master suite, as well as the den. Transform the den into a home office, personal exercise facility, or media room! The master retreat is truly incredible. No stone went unturned in regards to luxury and relaxation. The bedroom features a sitting area and sliding glass doors accessing the backyard. You will love the updated bathroom, one of the five renovated in the home, with a jacuzzi tub, shower bidet, and dual sinks. The master even has its own loft, too. Upstairs, you will find the remaining three bedrooms, each with their own en-suites, and the large family room. Almost all of the rooms in the house boast gorgeous views and ample natural sunlight, and the loft and family room feature a wonderful balcony.

 

This property is one of the largest of its kind, extending over half an acre. You will fall in love with the breathtaking views of rolling fields and sparkling water. One of the staples of luxury South Florida living is, of course, a private pool and spa, and that is not forgotten with this home. Dive in to the resort-style pool or sunbathe next to the water. The screened and covered patio provide the perfect shaded retreat for sunny days. It wraps around the home and is great for cookouts or quiet enjoyment. The lush landscaping around the pool and patio give you with the privacy that you desire.

 

Living in Polo Island in Palm Beach Polo & Country Club is absolutely amazing. Within the community itself, you have access to top of the line amenities. Residents can enjoy access to clubhouses, tennis courts, a resort-style pool, a fitness facility, and more. Tee off on one of 36 holes of premier golf course, or enjoy poolside dining. There is even a dog park overlooking a Cypress tree forest for your four-legged friends.

 

 

Wellington, Florida is known as the equestrian capital of the country, and the local amenities surely live up to that name. The equestrian benefits include a 125-acre top-rated facility, professional polo instruction, convenient access to world-class polo and equestrian events and locations, and more. The Palm Beach International Equestrian Sport Production, International Polo Club of Palm Beach, and Polo West Country Club Polo are just a few of the premier locations and competition hosts nearby.

There is no shortage of shopping, dining, and fun in Wellington, Florida either. Spend a day at the Wellington Mall, home to all of your favorite brands and department stores, or if you're opting for more adventurous fun, get up close with animals at Lion Country Safari. The local Wellington Amphitheater also hosts free concerts and free movie nights for all ages throughout the year. If you're interested in the arts, the Raymond F. Kravis Center for the Performing Arts hosts live theatre, ballet, classical music, and opera events year round.

Some of our favorite local restaurants include Oli's Fashion Cuisine, Coach House, The Seahorse Fashion Cuisine, and Bimini Twist.

What do you love about Wellington?

We love living in Wellington, FL! It has a small town, family oriented feel, but with all the amenities of a larger city. Wellington is a well thought-out planned community that has unique attributes. Known for great schools and family activities/sports, while it is also considered the winter equestrian capital of the world. Very close to an international airport (about 20 mins from our home) and the beach. 

What do you love about your community?

We have really enjoyed living in Palm Beach Polo & Country Club. It is a very beautiful, private setting with great security.Two entrance gates with manned guards, and streets are patrolled several times a day. The community is excellent for walking and biking with miles of biking/walking paths through gorgeous scenery and wildlife. Or walk your dog to our own dog park to visit with other neighbors/dogs. The community includes access to Cafe Polo and Equestrian Concierge Service. It offers a quaint coffee shop (with breakfast & lunch options) and concierge service for almost any need you could think of: airport shuttle, cleaning service, lawn care, dry cleaning, reservations, catering...etc! Members of the Palm Beach Polo Country Club can also enjoy golf, tennis, pool, social membership..etc.

What do you love about your neighborhood?

The people!!!! Friendly and everyone looks out for each other. We check on each other, look after each other's houses if someone is out of town and check on each other's pets. It's a nice quiet community. 

What activities do you enjoy?

We love to play tennis and Wellington has a wonderful, brand new (opened June 2015) 21 court public tennis facility. We also love to dine at near by restaurants The Grille and Ollie's Fashion Cuisine. When our children were younger, we spent many years at the Wellington Park Athletics Complex, very near our home. 

What caused you to love your home?

IWe love many things about our home. While being a larger and open home, it still has a cozy and private feeling. Dining room and living room are very imitate and comfortable with great lighting. It is also a great home for entertaining or having guests to stay, and/or for raising a family. Large fenced back yard on a lake-like water way you can fish on. Pool is very private with large hedge around it and a very spacious covered patio. Our home is right next to polo fields and a special feature of our home is the ability to watch polo players practice from our back yard or from our upstairs deck.

 

The homes on our street are unpretentious on the outside, but surprisingly grand on the inside.     

Interested in this incredible home? Hurry and call the Treu Group today to learn more and schedule a private showing!

 

Our FREE service lets you search like a real estate agent. See more Wellington homes for sale below.

Click here to see all homes for sale in Palm Beach County, FL.

#wellington-luxury-idx#

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Are you searching for the ideal a home in paradise? Look no further! This Wellington home located in South Shore offers everything that you have been looking for; from a great, convenient location, to a large cul-de-sac lot, to a pool, and more!

 

This property has been built, maintained, and upgraded with comfort and luxury in mind. It features three spacious bedrooms and two bathrooms. The laminate floors throughout the home make it easy to care for, and the open layout makes entertaining a breeze. You will love inviting all of your friends and family over for dinner parties, watching the game, and holidays! Do you love to cook? The updated kitchen combines form and function with sleek stainless steel appliances, corian countertops, and abundant storage and counter space. And when it comes time to unwind, the home's split design ensures that you and your family have optimal privacy. 

 

Having a home with a pool is a luxury integral to the quintessential South Florida dream. Lucky for you, this home features a screened pool and expansive covered patio. Dive in to cool off on a hot day, or sunbathe right by the water! It is like having a year-round resort right in your backyard. The patio is also the perfect spot for a barbecue or a quiet day in the shade. And with over a 1/4 acre of land, the possibilities are truly endless. You have room to add a fire pit, a playground, or whatever you desire. 

 

The village of Wellington is an incredible city and this home is right in the heart of it! This is the best of both worlds, with convenient amenities close by  as well as a safe and tight-knit community. You are just minutes from everything amazing in town, such as shopping, dining, and recreational activities. In addition, Wellington has one of the county's most high-achieving school districts!

 

We know that moving to a new area is a big change. Here are just a few of our favorite places in Wellington to get you started.

The Mall at Wellington Green is one of the county's best malls. It is the place to find all of your favorite brands and department stores, and is conveniently located near banks, grocers, and restaurants, too.

Wellington offers great dining options. We love Stonewood Grill & Tavern, Coach House overlooking polo grounds, Bonefish Mac's Sports Grille, Agliolio Fresh Pasta and Wine Bar, and more.

Love swimming? Do some laps at the Wellington Aquatics Center or bring the whole family for a day of fun at Calypso Bay waterpark.

The International Polo Club Palm Beach (IPC) calls Wellington home. Watch major polo tournaments and world-class equestrians just minutes from your home. You can also enjoy Sunday Brunch.

 

If you are interested in this incredible home, call the Treu Group today to learn more and schedule a private showing!

Call your Palm Beach County real estate experts for any buying or selling inquiries.

Search like a real estate agent and see all Wellington homes for sale here.

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Wow!  Are you looking for a spacious home at a great value?  If so, look no further!  This two-story custom home offers approximately 3,000 square feet under air with lots of light and luxurious upgrades.  Someone is going to get an amazing home in Meadow Wood.  Imagine coming home to this special home everyday. 

If you love entertaining, this home is for you.  The formal living room and dining room will ensure that your dinner parties and gatherings are unforgettable.  The family room is spacious and the built-ins and french doors to the patio offer great natural sunlight.  Love to cook?  This large kitchen boasts stainless steel appliances, walk-in pantry, and breakfast room with a view of the pool.  The design of this home is ideal for privacy: one bedroom and bathroom is located downstairs, while the remaining three are upstairs, each with their own bathroom.  Each are spacious and comfortable. 

 

Outside, this property allows you to take advantage of all that South Florida has to offer.  This 1/2 acre corner lot features a covered screened patio, and beautiful pool.  Sit in the shade with a book and a drink, sunbathe, or have a swim, the possibilities are endless.  Outdoor entertaining will be a breeze, too.  Host a pool party or barbecue!

Located in Wellington, this home and community are conveniently located near good schools, shopping, restaurants, golf, and polo!  This home is priced so that you can make the changes that you desire.

Buying a home is more than just buying a house.  It is about the community too.

So what would life be like if you called Meadow Wood home?  Here are a few things that you'd love about Wellington.  There is a reason why it was found to be one of the top places to live.  There is so much to love about Wellington.  Here are a few of our favorites. 

Wellington is known for Polo.  You are minutes to the Polo Fields and all the Equestrian activities in Wellington.

You have your own private pool however if need something to improve your time, then there is a place for you.  The Aquatic Complex is ideal for those that need an olympic style pool set up to encourage the competitive side within you.

There are numerous special events that bring a sense of community in Wellington.  See for yourself all of the fun things to do in Wellington

The Amphitheater is the place to be for free concerts, the seasonal green market, movies and special events.  There is always something to do.

Are you hungry?  There are many options from casual to formal dining.  We love Bonefish Macs.

What the seller says...

The seller loves this beautiful home and would like to share why!

What do you love about your city?

"We love the community feel of living in Wellington.  It has excellent and convenient shopping and dining, and it is a fully self-contained community.  Our now grown children are well educated in the area's A-rated schools and they played various sports through community recreation.  Our family has made many friendships over the years.  The location is also very convenient to Palm Beach International Airport and I-95 for travel."

What do you love about your neighborhood?

"We loved living in Meadow Wood.  We had excellent neighbors in this quiet community.  It has low traffic and is very safe.  We especially liked being on the corner of a cul-de-sac, which is why we chose that lot for our home.  We loved the larger lot size and the diversity of architectural styles.  Our HOA helped to insure the neighborhood was well maintained without being overly restrictive."

What do you love about your home?

"We loved that our home was designed as a place for family and friends.  It is a great space for entertaining in all seasons and all weather.  It has both public and private space and affords privacy for our guests.  On-suite bathrooms and a large upstairs laundry room were wonderful for our busy family.  This house is where we hosted our daughter's wedding rehearsal dinner, our son's wedding dinner for 100, numerous church youth group get-togethers, and holiday dinners."

What are you favorite things to do near your home?

"We enjoy dining out, shopping, and the convenience of supporting our children's nearby school and sports activities.  Lake Worth Beach is a quick trip away and our favorite restaurant is close to it, also.  Other activities include Lion Country Safari, golf, and polo, to name a few."

What sold you about your home?

"Our first Wellington home had been in another neighborhood, but we were sold on Meadow Wood because it was newly developing at the time.  We liked the spaciousness and diversity.  We also liked that it was quiet, safe, well-maintained, and conveniently located."

What is one thing you think a potential buyer should know?

"Our home is perfect for an active family who wants a convenient, well-planned space for its members and guests alike."

Interested in this incredible Wellington home?  Hurry and call the Treu Group to learn more and schedule a private showing!

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Opportunity is knocking, will you answer the door?  This gorgeous property located in Pinewood in Wellington offers all of the amenities you have been looking for and more!

Located on over an acre of land with four bedrooms and two-and-a-half bathrooms, this home has all the room you desire!  It features a stack floor plan and plenty of special features, such as beautiful vaulted ceilings and a renovated kitchen!  The kitchen is any chef’s dream; it showcases spacious 42” cabinets, sleek granite countertops, and modern appliances to suit any culinary venture.  You'll love the master suite too.  The master bathroom has been updated to make everyday a spa day.

 

 

  This home offers the best of the South Florida lifestyle.  In addition to all of the land, this home offers a screened patio and pool area, as well as outdoor kitchen.  Throw a pool party or host a barbecue.

 

 

There is no question as to why Pinewood is such a coveted community.  The community has breathtaking and spacious single family homes and estates just like this one and is in proximity to shopping, dining, and leisure!  Enjoy a mini-getaway on your private over-an-acre lot, but also take advantage of all Wellington has to offer!

Interested in this incredible home? Call the Treu Group and schedule a private showing today!

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