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Foreclosure in Hobe Sound : Real Estate Advice

  • All52
  • Local Info7
  • Home Buying16
  • Home Selling1
  • Market Conditions1

Activity 4
Tue Nov 11, 2014
Tom Priester answered:

It really does not matter if you are dealing with a condominium, a town home or a single family home buyers must understand the numbers and market surrounding that property if they are to make a fully informed and knowledgable decision. There is no way to answer that question without doing the research on a particular property as the metrics in each transaction are very different. Most banks are pricing their assets above market value and also countering short sale offers at very high numbers. The longer a property has sat there, and many sit there a long time, the more likely they will come down much from the list price. The worse the condition the better when trying to negotiate.

There is good news for you and others looking to buy in the area. The median single family home price is down 10% in the Hobe Sound area over the past 4 months (condo prices are also trending lower) and pending home sales are at the lowest levels we have seen in year. Inventory still at very low levels but up last month for the first time in 8 months. A well prepared buyer can find a good deal if they are looking in the right are and have the ability to act quickly.

These are the type of metrics I discussed above that will have an effect on what to offer on any property and should be expressed to the seller. This is part f the negotiation process and sellers need to know the numbers to strike their best deals in any market.

For the latest pending home sales article from the Paradise Sharks check out our blow here on Trulia at this link;

Fins up......

Tom Priester
Principal Broker

Paradise Sharks Real Estate
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Thu Feb 20, 2014
Tom Priester answered:

You still have many options in this price range depending on the Hobe Sound location you desire, the condition you are willing to accept and a whole host of other factors. Clearly describing your unique requirements, having a system in place to be notified immediately of the best new opportunities and having the ability to act quickly are the keys to success in todays home market.

Since you are just starting out on your search you might consider picking up a brand new book on the home buying process that I just authored with a few other experts from around the country. Please feel free to look into this at the link below;

Much of our current housing inventory tends to be priced higher than the most recent sales or can have condition or location issues. However, the market is still very strong with well priced new listings that hit the market in good shape selling very quickly; many times within the first day or two.

As a buyer you need to be prepared to react quickly to any new opportunities as if you don't someone will. I can set up my system to notify you immediately of the best new deals as again we will have to be poised to pounce. Feel free to contact me at your convenience and I am here to make your dreams come true.

Fins up.........

Tom Priester
Principal Broker

Paradise Sharks Real Estate
Direct Line 561 308-0175
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Mon Jan 7, 2013
Dawn Van Dyke answered:
There is no property for sale in the Villas of Hobe Sound at that price. There are a few units available and I would be happy to supply you with those.

Please contact me at 772-349-1231 or

You can also visit my website below and search all listings 24/7 and sign up for listing alerts.

Dawn Van Dyke
Real Estate Consultant
Keller Williams Realty
Mobile: 772-349-1231.
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Mon Nov 7, 2011
Alma Kee answered:
Hi Al,

DeustcheBank or any bank will not likely sell directly to you unless you are buying a portfolio of properties in the multimillion dollar range.

You can however buy directly at the courthouse foreclosure auction with ALL CASH and take it as is without inspection or clear title with all surviving liens attached.

Otherwise if you're not willing to take the risk (or don't have ALL CASH) you will have to line up with the many, many "retail" buyers and place your bid after the lender lists the property with a Realtor on the MLS system.

Find a Realtor like Tom Priester to help you because if you try to rely on the listing agent getting you to the property and making your offer on the first day, you may miss out on the very best deals.

All the best,
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