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Foreclosure in Jupiter : Real Estate Advice

  • All205
  • Local Info22
  • Home Buying61
  • Home Selling14
  • Market Conditions9

Activity 15
Tue Jan 17, 2017
Tom Priester answered:
Bob,

There was no property address given in your question so hard to give you a complete answer. There are 7 active listings in the Hamptons through the real estate community as of today and this represents a 6 month inventory based on sales volume over the past year. The median list price is $399,999 while the median sales price over the past year is $386,000 so the high inventory is more about demand than anything else. The overall inventory for single family homes in Jupiter is 4.6 months so quite a bit lower than we are seeing in the Hamptons.

The overall market in Jupiter has not been strong with pending home sales at the lowest levels we have seen in years. So far traditionally strong seasonal buying has not yet kicked into gear. You can always see the most accurate updates on the Jupiter real estate market at tompriester.wordpress.com.

If we can ever answer any questions or be of help with anything real estate feel free to contact us for a complimentary consultation.


Fins up......


Tom Priester
Paradise Sharks
561.308.0175
info@paradisesharks.com
... more
0 votes 1 answer Share Flag
Wed Sep 21, 2016
Teresa answered:
They did the same to me just found out yesterday! I do believe they should be sued!
0 votes 2 answers Share Flag
Tue Aug 9, 2016
Tom Priester answered:
Ldef,

The unit you are inquiring about is not on the market and this is simply a pre-foreclose notice which means the owner is behind on their mortgage payments. The Estuary is a pet friendly condo community near the beach in one of Jupiter's best locations. Over the past year we have had 8 sales in the community that closed at a median price of $345,000 and a median price per square foot of $272.

As of today, we have 4 active listings so inventory at 6 months is fairly high for a beach side community in Jupiter. The median list price is $308 per square foot which is part of the problem as sellers are priced about 13% above where things have been selling. Watch for condo prices to be under upward pressure now that FHA financing rules are changing.

If you are in the market for real estate services of any kind interview three brokers. Dig for the broker who has the knowledge to educate you so you avoid mistakes. Ask questions. Lots of direct questions. Find the one who has the ability to educate you and will insure you make fully educated decisions. Find out what they are going to charge you. Most of all find one that you trust. Mistakes in real estate can be very expensive so spend the time upfront to make sure you are working with someone who can help you avoid them.


Fins up.....


Tom Priester
Principal Broker
Paradise Sharks
... more
0 votes 1 answer Share Flag
Wed Jul 27, 2016
Tom Priester answered:
Snowflake,

So many questions need to be answered but the big question is what is the home worth and how much are the total liens associated with the property. If you would like to send me an e-mail with the address or give me a call I would be happy to do a little research for you.

We advise everybody when doing anything real estate to interview three brokers. Find out what they are capable of, how they are going to help you meet your goals and what it is going to cost you. Ask lots of questions. Paradise Sharks loves being interviewed and we dig answering questions so please feel free to contact us anytime.


Fins up.....



Tom Priester
Principal Broker

Paradise Sharks
561.308.0175
info@paradisesharks.com
... more
0 votes 2 answers Share Flag
Mon May 23, 2016
Carol Ormond asked:
Your website states that my property at 1801 S. US Hwy 1, Bldg 5C is under Foreclosure and bank owned. I don't know where you got this bogus information but my home is NOT AND HAS NEVER…
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Mon May 23, 2016
Carol Ormond asked:
Your website states that my property at 1801 S. US Hwy 1, Bldg 5C is under Foreclosure and bank owned. I don't know where you got this bogus information but my home is NOT AND HAS NEVER…
0 votes 0 Answers Share Flag
Mon Feb 23, 2015
Jacquie Yekmalian answered:
If you are talking about The Bluffs, then yes it is walking distance.

I live close to The Bluffs, I would love to help you find your piece of paradise.

If you like my answer please give me a thumbs up.

Jacquie Yekmalian
Lic. Real Estate Broker
Blue to Green Realty...from the sea to the 18th tee
561-868-0591
www.isellflahomes.com
... more
0 votes 2 answers Share Flag
Thu Jan 22, 2015
Tom Priester answered:
lcgeorge,

Your question did not link a specific property but we do have 4 active listings in Chasewood - two of these are in Chasewood South. Like most of the market here in the Northern Palm Beaches inventory is limited with pricing pressure to the upside. We have had 24 sales in Chasewood over the past 12 months so inventory is right at 4 months as of this morning. All but 5 of those sales have been below $120,000 but half of the current listings are priced above that number so buyers need to be educated and have a game plan to find the right property in the right location and at the right price.

We have a complete analysis of the active listings and historical valuations available for both Chasewood North and South so if we can be of assistance in any way please feel free to contact us at your convenience.


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 22, 2014
Tom Priester answered:
Rick,

What you saw on Trulia was not a listing but a posting from a company called Realty Trac. They publish public information on foreclosure filings with the goal of having you contact them to sign up for their paid monthly service so you can stay on top of these "hot deals". The property in question was listed for sale for $225,000 and it was under contract in less than 2 weeks. The $145,000 you saw was a lis pendent filed with the Palm Beach County Clerk which will be paid off at closing. Very limited inventory beach side in Jupiter with prices moving higher. You may be interested in an article we just published on the strength of the condo market in the northern Palm Beach County area;

http://www.trulia.com/blog/tompriester/2014/05/jupiter_condo_prices_stronger_than_superman

If I can be of further help to you in locating the perfect opportunity here in paradise please feel free to give me a call and we can discuss your needs in more detail.



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 1 answer Share Flag
Sat May 26, 2012
Tom Priester answered:
Dear Dixonro,

We have one home available on 133rd Trail and a couple on 133rd Terrace so not sure what home you are inquiring about. I tried to give you a call but did not get an answer. The best opportunities in Jupiter Farms are getting snapped up if they are well priced and in decent condition. Homes above $400,000 are a tougher sell as are frame structures but we are seeing more activity in both of those market segments as the market continues to improve.

I have an amazing pool home that should be on the market early next week in Palm Beach Country Estates that might work for you and your family. If you would like to discuss your particular requirements in more detail I would be happy to set up a game plan to ensure we meet your goals very quickly.

I hope this information is helpful but if you need anything additional please do not hesitate to give me a call.



Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
... more
0 votes 1 answer Share Flag
Fri Sep 23, 2011
Jonna Convery answered:
Hi! My name is Jonna Convery and I am a Broker-Associate with Boca Executive Realty, working out of our Juno Beach office. I have been selling real estate in Florida since 1980. I would appreciate the opportunity to chat with you, when you have a few minutes, so I could give you a little more information about our beautiful, much sought after area. This price range is hard to come by, but I would be willing to go the extra mile to work with a savvy investor. I have worked with quite a few investors in Central Florida who did just what you are talking about doing and did so very successfully.
I can be contacted via email, phone, text or Skype. I look forward to hearing from you!

Most Sincerely,

Jonna Convery
Boca Executive Realty
Cell:561-401-2403
jonna@bocaexecutive.com
Skype:JonnaConvery
... more
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Fri Dec 4, 2009
Teddy Jagessar answered:
Some pay the 6% and some do 5%. Some seconds will push for 4% even though it does not give them any more money
0 votes 9 answers Share Flag
Wed Dec 2, 2009
Teddy Jagessar answered:
You are takling about the two homes in Versialles I guess well they did have a lot of attention. They listed it as bids starting at $100 that is why nothing can be done about it
0 votes 4 answers Share Flag
Fri May 16, 2008
JM answered:
I have been selling my short sales at what I consider market value. I have not seen banks accept 80% of market value on the short sales in my farm but each area most likely differs dramatically. The key is that market value is in of itself a pretty good deal these days and I dont feel that more reductions are necessary in many occassions. Think about it, we are back to 2004 pricing for the most part..... for market value... ... more
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Wed Apr 23, 2008
JM answered:
Would you try to pull your own teeth without going to a Dentist? All states require getting a license to sell Real Estate for compensation (if you dont own it), and this is because there is a lot involved and a large amount of money on the line. Your Realtor can contact FSBOs for you and you can still view their home and agents can even facilitate a sale /transaction with a FSBO but I would not recommend going it alone. ... more
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