Real Estate On Tap

Home Values Moving Up!

Consumer Outlook for U.S. Home Prices

“The consumer outlook for U.S. home prices improved again in January, extending a recent upward trend in housing market sentiment, according to mortgage market firm Fannie Mae.”  This is the sentiment as reported in the Wall Street Journal the other day. The home values in areas that are desirable are moving in the right direction, and that is up!  The old axiom, “Location, Location, Location” is true as it always will be true.  Appraisals are now starting to come in at asking prices again, and therefore people are finding that they can sell as well as buy with confidence.

Chairman’s Comments

And, as was touted by the Fed Chairman Mr. Bernanke, there is ”No Silver Bullet” for the housing market.  But to that end, the Fed is attempting to keep rates low as was reported in the Wall Street Journal “Thanks to Fed monetary policy, interest rates on 30-year fixed mortgages are already at or near their lowest levels in recorded history, making it cheaper than ever for consumers to finance the purchase of a home.  And two weeks ago, Mr. Bernanke signaled publicly that short-term interest rates will remain low through 2014.”  So don’t wait till the rates go up and home prices are out of reach.

Adam Granger is a Home Mortgage Consultant with HomeServices Lending, LLC., an Affiliate of Wells Fargo Home Mortgage.  He is a frequent commentator at RealEstateOnTap and can be reached at 954-306-7218 or by emailing him here.

Tags: adam granger, ewm international, ewmrealtors, homeservices lending, jason kapit, Wells Fargo, wells fargo home mortgage

Attention Cash Buyers!

A Potential Idea

Here in south Florida I have noticed an increase in the amount of homes that are being purchased with cash.  Why?  Great prices.  Lack of investment options with significant ROI.  But here’s a thought.  With home prices as good as they have been in over a decade, why not buy two?  The thought process being, buy the primary with financing and buy the investment property for cash.  This way you get the tax benefit of having the interest deduction on the primary and the depreciation on the second home along with cash flow on the investment property.  It is a win-win situation.

Expectations

I expect interest rates should remain low as the FED is working very hard to keep it this way.  Therefore, property values should go up over time.  What I am suggesting is to not miss the opportunity that is out there in a market that has been seriously hurt by foreclosures and short sales.  Ad for those who cannot buy with cash, don’t miss out on a chance for record low interest rates and fabulous prices on homes.  Talk to a realtor today to see what is available, and become a home owner.

Adam Granger is a Home Mortgage Consultant with HomeServices Lending, LLC., an Affiliate of Wells Fargo Home Mortgage.  He is a frequent commentator at RealEstateOnTap and can be reached at 954-306-7218 or by emailing him here.

Tags: adam granger, ewm international, ewmrealtors, homeservices lending, jason kapit, Wells Fargo, wells fargo home mortgage

Kapit Sells Crown Jewel in Parkland Golf & Country Club

Just In Time For The Holidays!

It was only a matter of time before a Buyer might recognize just how spectacular “Villa Positano” was.  Sitting in the quiet and private cul-de-sac of the “Grand Estates” section of PGCC, the 10,000+ square foot home has one of the prettiest views imaginable overlooking pool, golf, scenic bridge and lake. Everything about the home was carefully thought out and ultimately, it attracted the likes of an astute Buyer.

“The truth of the matter was that there were multiple bidders and someone had to win.  Landmark Custom Homes has been building quality homes in South Florida for decades, and with this sale, makes a dramatic segueway into Parkland Golf & Country Club’s luxury community.  Of course there were challenges, but that has been an understatement in the world of real estate.  At the end of the day, this will be the catalyst for even more extravagant homes to be built within the subdivision.  Although (laughs), none will ever replicate this stunning view.  The old mantra LOCATION, LOCATION, LOCATION couldn’t ring truer.”

Jason A. Kapit, Esq. is an agent with EWM Christies International and has single-handedly sold 3 of the 6 most expensive properties in Parkland, FL in 2011.  For more information about how he can assist you in the sale of your luxury home, contact him at 954.650.4443 or via email.

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