Palm Beach Real Estate and Loans

This is one of those things that sounds like a bad joke - until you realize that the person that you’re talking to ISN’T kidding!

Client: “I think I’ll take my home off the market for a little while.”

Me: “Why is that? Have you changed your mind about selling it?”

Client: “Oh no, not at all - I just think that taking it off the market will ________________________________ (fill in the blank with flawed logic).”

Makes absolutely no sense.  There is still quite a bit of Palm Beach Gardens real estate for sale so the only thing this temporary change does is remove ANY chance you have of getting an offer!

Some Sellers think that this is sort of a tease - as if the people that have been tracking their ‘one-in-a-million home’ will feel like they lost out and they need to spring to action!  Not at all.

If the inventory levels were low, this might not be so laughable.  But if your home falls off the list, any potential Buyer will just move on to the next AVAILABLE one.

Remember this - we are still in a Buyers Market and misguided Seller ‘tricks’ like this (and the equally poor ‘Price Increase’) only hurt your chances of selling your home.

This Sunday (5/4/08) from 2 - 4 PM I will be hosting an Open House at 205 Coconut Key in BallenIsles - one of the most sought-after areas in Palm Beach Gardens real estate.

'Home shows like a model - tile and hardwood throughout, granite countertops, desiginer ceiling fans, the built in family room wall unit can accomodate a large screen TV and has built-in surround sound for exceptional entertainment quality.The southern-exposed pool and custom wall mirrors keep the home light and airy.  The courtyard landscaping adds to the homes privacy.  Hurricane glass and storm shutters.  At night the the ground lighting gives the home a 'regal feel.  The recent Platinum Club survey ranked BallenIsles as one of the top residential club communities in the country. 

This property is listed for $1,299,500 and a full Golf Membership is available.

For additional information call me at 561-282-7406.

Great news - I’ve changed to a new brokerage - as of this week I am now a Real Estate Agent for Leibowitz Realty Group.

Their reputation as a leader in the luxury golf/country club market is un-paralleled in Palm Beach County.  You can read about the Companys history here.

They just opened up a new office at Midtown @ PGA Boulevard - a perfect location that will allow me to easily continue to service my main focus areas of:

• BallenIsles
• Mirasol
• PGA National

Their other office is at 210 Brazilian Avenue in Palm Beach - just a few blocks north of Worth Avenue.

To see my, or any of the other Agents’, listings just take a look at the Meet the Team page.

There will be several changes to this website over the next few weeks, if you cant find what you need just call me at 561-282-7406 or email me at: marc@leibowitzrealty.com

What are the 3 most important things to consider when getting ready to sell your Palm Beach real estate?

Pricing,

Pricing

and, as you might guess-

PRICING.

It is true that location, condition, etc. all count - but if your real estate is over-priced you will be waiting a very long time for a closing - and that will most likely only be after several price reductions.

Any of you that follow my posts will realize that Ive said this many times already - but people continue to shoot for the stars only to be very disappointed!  If you start with a realistic price you will already be one-up on your competition.

The pricing problems are not just with Palm Beach real estate - its unfortunate but MANY areas are facing this same problem.

Take Bonita Springs for instance.

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Recently a friend and associate of mine - Chris Griffith - wrote an article in her local newspaper and on her blog that went over the effects of over-pricing property.

Was she right? Absolutely. 

Was she given an absolute TON of grief (I’m being polite) for publishing her views?  Absolutely.

If you disagree with someone, that’s fine - but some of the dissenting comments she received were beyond asinine.  Someone even took out a full-page ad to personally bash her & her opinions, I think that comes under the heading of 'PATHETIC”.

I urge you to check her article and let me know what you think-

It comes down to a very simple point: If something is over-priced, it won’t sell.

It does not require a PhD to realize that!

Now that we've gone over the most recent activity in BallenIsles, let's take a look at PGA National.

Palm Beach Gardens is a golfer's dream - and PGA National is one the best choices you can make.

There are 4 courses on the property and one just a few miles west on Northlake boulevard.  In addition to the # of courses, PGA National has the distinction of not only having the most reasonably priced Club Memberships in the area but having the only 100% refundable Memberships!  It is also the last of the major golf / country clubs in the area that does not require Membership if you want to live there.

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Due to the number of sales in both years, I won't be putting up tables with each individual transaction - numbers aren't exactly exciting, a page full of them is even worse!

Here's the breakdown:

For January, February and March of 2007-

 That's a total of 42 closed sales.

And 2008 -

For a total of 32 closed sales in the 1st quarter of 2008.

All of that information comes from my local MLS and consists of ONLY closed sales - notinng 'pending' or 'contingent' is included.  Until that ink dries on closing day, it really doesn't count.

Currently there are 282 properties listed for sale in PGA National ranging from condos starting at $83,500 all the way to estate homes that top off at $4,750,000.

To see any of the current listings or to put your Palm Beach Gardens real estate up for sale, just call me at 561-282-7406.