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Juno Beach : Real Estate Advice

  • All33
  • Local Info2
  • Home Buying7
  • Home Selling0
  • Market Conditions2

Activity 27
Tue Apr 25, 2017
Kathy Burgreen answered:
First, the listing contract you signed is with the brokerage - not the individual agent. Therefore, you need to speak with the Office Manager or Broker in Charge and insist they reassign you to a different agent in their office. You are entitled to work with a different agent as long as they are with the same broker. Because you signed a listing contract, you cannot go to a different brokerage until your contract is finished. ... more
0 votes 1 answer Share Flag
Sat Jan 21, 2017
Davefraz.design answered:
I have an opposite situation. My agent doesnt want to submit the offer because he thinks I am paying too much for that house. I told him that my own business and then he told me that the property is pending already and he was glad we didnt send out the offer. I was really upset and I do not even know if he is BSting me. ... more
0 votes 14 answers Share Flag
Tue Oct 25, 2016
Tom Priester answered:
Blanktoo2,

It is extremely rare for mortgages to be assumed but in very rare occasions it may make some sense, Interest rates today hover near all time lows with the average overnight rate on a 30 year fixed conforming note sitting this morning at 3.44% and a 15 year fixed conforming at 2.72%. Hard to beat todays rates and they are one of the main reasons the real estate markets is doing as well as it has been.

If there is no benefit to paying if off now and you feel it could be used to the advantage of a potential buyer keep it live and if the assumption doesn't work have the closing agent pay of the loan at that time.

Whenever doing anything real estate we advise everyone to interview at least three brokers. Make sure you find one who can answer your questions about how they will professionally assist you to meet your goal's and what it is going to cost you.

The very best of luck to you with all your real estate goals. Fins up.....



Tom Priester
Principal Broker

Paradise Sharks
info@paradisesharks.com
561.308.0175
... more
0 votes 1 answer Share Flag
Mon May 9, 2016
Suemessin01 answered:
The developer is Larry Wright, and the builder is Affinity Builders. Both are local and have a history of great builds in the area.
0 votes 4 answers Share Flag
Tue Apr 5, 2016
Tom Priester answered:
Karrie,

First understand that all these "click here for the value of your property" ads are nonsense. It isn't that easy. I have been involved in the construction and sale of real property for my entire life and the reality is your home is worth exactly what a ready, willing and able buyer is willing to pay for it. I could hire three different appraisers, not give them a purchase contract they can "appraise to" and you will get three different "values".

In buildings like Old Port Cove it is a bit easier as you can easily see what similar units have sold for, what is available and how they were marketed. Still, the condition and finishes of your unit, view and your motivation play a significant role. How the property is marketed is critical. As an example, Paradise Sharks just listed a fairly expensive condo in the area and there were 5 units on the market for sale in the building and another foreclosure that should be hitting the market at any time. This represented about 12% of the entire building in which only one unit had sold over the past year. My client and I worked together on a marketing program and we were fortunate as a ready, willing and able buyer was attracted and we put together a deal. Without the marketing, a motivated client and a broker willing to work diligently towards making a "deal happen" we would be out there like the other units in the building still trying to attract a buyer.

You can use a quick snapshot of "historical value". If I am correct you paid $330,000 for your home in May of 2009. Median prices in the North Palm Beach area for your home type are up about 35% which would give us a "snapshot" price of $445,500. From the 12th floor in your stack you should have great water views across John MacArthur to the ocean. Not sure of the condition or if it has changed since you purchased. This is just a straight historical valuation that is one tool we use.

In your building we have had two sales over the past year. One unit was the same size as yours, had similar views but was about 60 feet above yours with dated finishes in good shape. It sold for $405,000 in October so this too would point to the fact that the "snapshot" may be close. Only 2 units in your building on the market and only 2 sales over the past year. Besides the unit discussed above all the others are larger 3 bedroom units. This is just in the West Tower so a detailed analysis would include the East and Marina Towers and also take a look at the overall health of the Old Port Cove and North Palm Beach markets.

We take great pride in providing our clients detailed information to make fully educated decisions whether they are buying or selling anywhere in Palm Beach or Martin County. We publish weekly market updates that you can always enjoy at tompriester.wordpress.com

We hope this information is helpful and if you ever need anything real estate please feel free to reach out to us anytime.


Fins up.....


Tom Priester
Principal Broker

Paradise Sharks
561.308.0175
info@paradisesharks.com
... more
0 votes 3 answers Share Flag
Tue Mar 22, 2016
Michael N Johnson answered:
It has been rented and is no longer available
0 votes 3 answers Share Flag
Wed Jun 3, 2015
Chad Barrett Penner Esq answered:
Wed Jun 3, 2015
Tom Priester answered:
Sheldon,

Your question did not reference a specific address so it is impossible to tell. However, the 2014-2015 season was by far the busiest we have ever seen here along the beach in both Juno Beach and Jupiter. There is very limited inventory for sale and rentals for our seasonal visitors last year were had to find for this that did not plan ahead. The upcoming 2015-2016 looks to be off the wall insane.

The majority of buildings in the area along the coast in Juno Beach and Jupiter do not allow leases for less than 90 days. Many owners in buildings that allow shorter terms will not consider anything less than three months at this point in time. I will be happy to check on any particular property if you want to send me an address. You might also check on www.vrbo.com where many owners rent their properties directly and do not always follow association rules which we as Realtors are bound by. You can also check at www.jupiterbayresortrental.com as they will book shorter term deals this far in advance.

Hope this helps and if we can every be of service in any way please do keep us in mind.



Tom Priester
Principal Broker

Paradise Sharks Real Estate
561.308.0175
tom@paradisesharks.com
... more
0 votes 1 answer Share Flag
Tue Dec 2, 2014
Zachary Schmidt answered:
?Consult a Real Estate Attorney, Sandra has helped a past customer with this exact situation with a successful outcome.

Sandra R.B. Wallace, Esquire

Wallace Law, P.A.4440 PGA Boulevard | Suite? 600? | ?Palm Beach Gardens, FL 334?10?
(561) 623-5302 - Office | (561) 768-7930 - Fax | swallace@wallacelawpa.com
... more
0 votes 6 answers Share Flag
Fri Aug 15, 2014
Tom Priester answered:
Rdhsr,

The unit you were asking about is located at Juno Ocean Key where we have no inventory at this time. If you are looking for a furnished seasonal rental for the 2014-2015 season do not delay as it is shaping up to be our busiest ever. I mean off the wall, crazy busy. Even over the summer months we are seeing traffic like we have never experienced and with new hotels and developments like Harbourside Place coming on line it is going to be busy, busy, busy. Inventory is low and you might enjoy our recent article on the subject of finding a Jupiter home;

http://www.trulia.com/blog/tompriester/2014/08/more_bad_news_for_those_looking_to_buy_a_jupiter_home

If you have pets it will limit your options as will leases less than 90 days but there still is limited opportunity. Old man winter is coming so make plans now. If we can be of any help to any of your real estate needs throughout Palm Beach or Martin County just give us a ring.



Fins up......


Tom Priester
Principal Broker

Paradise Sharks Real Estate
561.308.0175
tom@paradisesharks.com

www.paradisesharks.com
... more
0 votes 1 answer Share Flag
Thu May 29, 2014
Tom Priester answered:
juitt,

Juno Beach and Jupiter Beach were two of the best kept secrets in Florida but over the past few years that unfortunately has changed a bit. Our little slice of paradise is getting a bit more crowded than we were accustomed to. Still the best Florida has to offer, in my humble opinion, and you would have a blast but please don't tell everyone as we do not want to be Panama City!

First consider the weather and most people do not realize how big the difference can be. In Juno Beach at this minute we had a little cold front come through and it is 71 degrees. It is 33 in Panama City Beach. When we first moved to the Sunshine State we were torn between the Panhandle and St Augustine and while we chose St. Augustine we still asked ourselves almost from the beginning why we were living in Florida when it was cold in the winter and hotter in the summer. Sure in March you should be OK but you also could be a bit chilly. Here in paradise we don't dig chilly!

Then of course are the waveless beaches of the west coast. We here in paradise also dig waves!

You will not have the multitude of hotels, condos and bars that cater to the spring break crowd. We have some great spots but you will be driving as there is not a central "strip" and you will need to plan a bit as finding short term rentals is not as easy as in Panama City Beach.

So for a taste of a great Florida experience certainly a great spot and away from the madness of what it sounds like you are trying to escape. And with warmer weather and waves!

Best of luck and if I can offer anything additional please let me know.



Fins Up.......................




Tom Priester
Principal Broker

Paradise Sharks Real Estate
Direct Line 561 308-0175
tom@tompriester.com

http://www.paradisesharks.com
... more
0 votes 2 answers Share Flag
Mon Apr 21, 2014
Tom Priester answered:
Edward,

Much more to determining prices especially when it comes to condos where square foot prices tell only a very small part of the story. Height in an building, size of the unit, location in any building (the stack), condition and features of the unit, owner motivation, proximity to the water, current inventory and a whole host of other factors will need to be considered.

As you know, the market in Juno Beach is dominated by condominiums with far fewer single family and town home units located there. Over the past year we have had a total of 24 condo units sell in Juno Beach with prices between $300,000 and $500,000. Below those figures we have had 38 sales and above those numbers we have had 22 sales. As of this morning we have a total of 40 units available so inventory is running just under 6 months.

Overall the real estate market in the north county region is having some growing pains with inventory levels climbing and sales slowing considerably as we switch back to a buyer's market in many developments. A very clear description of your specific requirements is the best place to start and if I can be of service to you and your family I would appreciate the opportunity to be one of the buyers agents you may choose to interview. We cover all of Palm Beach and Martin Counties and are experts in finding our clients that "needle in the haystack.

Best of luck and if I can offer anything additional please let me know.



Fins up........



Tom Priester
Principal Broker

Paradise Sharks Real Estate
Direct Line 561 308-0175
tom@tompriester.com

http://www.paradisesharks.com
... more
0 votes 4 answers Share Flag
Mon Aug 12, 2013
Sharon Lewis answered:
Talk to Agent A's broker in charge Show the letters you received to the broker in charge and ask for help .
0 votes 9 answers Share Flag
Fri Mar 29, 2013
Cristyle Egitto answered:
Check out: http://factfinder2.census.gov < You can search by city, zip, etc.

There are about 17,000 people, 54.9 median age in 33408.

North Palm Beach is a diverse area with singles, families, empty nesters, snow birds and retirees. There are single family homes, gated communities, condos, townhomes, waterfront, etc. so there are lots of living options. ... more
0 votes 7 answers Share Flag
Sun Mar 17, 2013
Kristen Danzig answered:
Hi Jen,

I moved here from Seattle in 2008 and have settled into Jupiter nicely. It is a great area. I have a daughter that is enrolled in the public school system. Most of the schools are A-rated. Jupiter and Juno Beach have a great mix of full-time and part-time residents. There are many activities and the ocean is beautiful. I think these are some of the reasons real estate prices have increased. Please click on the link to the latest news in the Palm Beach Post regarding the market. I specialize in Jupiter and Juno Beach, please give me a call if you are looking for realtor.

Sincerely,

Kristen
... more
0 votes 4 answers Share Flag
Thu Dec 27, 2012
Sandra Adams answered:
Depends on the price range your looking in. Juno Beach has a medium price to high end condos available. Call me to discuss your needs.
0 votes 2 answers Share Flag
Sun Nov 11, 2012
peter just answered:
Hi again,
I will just repeat my former answer to this question. It holds water big time.
0 votes 5 answers Share Flag
Sun Nov 11, 2012
Donna Fischer answered:
Your best bet would be to consult with a qualified mortgage broker. The mortgage broker could also guide you in ways to increase your credit score. Putting 25% down is a great start and will also help the loan for which you may qualify. Donna Fischer, Realtor, GRI,CRS,SFR, 561-767-5205, Donna@DonnaFischerRealEstate.com, http://DonnaFischerRealEstate.com, 9123 N. Military Trail, Suite 104, Palm Beach Gardens, FL 33410. ... more
0 votes 4 answers Share Flag
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