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Here you will find various postings on Palm Beach Gardens and Jupiter events, real estate news, and community sales with statistical information.

Sept. 26, 2022

What Is The Real Estate Market Doing Nationally?

Home prices have continued to rise despite higher mortgage rates and an increase in housing supply, factors that typically put downward pressure on home prices. However, the numbers still show the market is quite resilient and costly.What Is The Real Estate Market Doing Nationally

The median home sales price has jumped every month this year, reaching a record high in June before falling slightly in July, according to the National Association of Realtors (NAR). Some housing experts say that a slight drop is seasonal as the housing market tends to slow down in the fall. Still, the existing-home sales price in July was higher than a year ago. Such higher housing costs have taken a toll on home shoppers as mortgage applications are at their lowest level in 22 years, according to the Mortgage Bankers Association (MBA).

The current change in the housing market is partly due to the economy at large and consumer sentiment. Right now, the economy is on shifting sands, on one hand, there are signs of a weakening economy as the gross domestic product has declined for two consecutive quarters, which some economists say indicates a recession. While on the other hand, the job market and consumer spending are still strong.

Will Home Prices Continue to Rise?

Inflation, high mortgage rates, and record-high home prices are chipping away at housing affordability. A typical monthly mortgage payment is higher today than it was in June 2019. Earnings aren’t keeping up with the inflated costs. Home prices might expand, but the options will, too, according to some economists.

The typical home spent 42 days on the market this August which is five days more than last year and the first month that time on the market increased since June 2020, during the early days of the pandemic. While new listing activity has declined, the inventory of homes for sale continues to increase as homes spend slightly longer on the market compared to last year. Nonetheless, homes still spent 22 fewer days on the market this August than in typical 2017 to 2019 timing.

In the 50 largest U.S. metros, the typical home spent 37 days on the market, five days more than last August. Time on the market increased similarly across regions, with larger metros in the West seeing the greatest increase (+7 days), followed by the South and Midwest (+4 days) and the Northeast (+3 days).

Trying to time the market or predict what might happen next year is not the best homebuying strategy. Instead, it’s better to buy based on your budget and needs. If you find a home you love in an area you love and it also fits your budget, then chances are it might be right for you. However, if you make too many sacrifices just to get a house, you may end up with buyer’s remorse and an expensive choice you have to offload.

 Start Your Southwest Florida Real Estate Search Now!

For more information on trends in the upcoming year or local home information, check out our website. Contact me for all Palm Beach Gardens homes and Jupiter real estate.

Posted in News
Sept. 22, 2022

Are People Still Moving to Florida?

The simple answer to this question is, yes!

Florida has consistently been the top location for millions of Americans’ spring breaks and summer vacations, but in recent years it’s also become one of their most preferred destinations to move to. For more than a decade, Florida has remained the top destination for Americans leaving their home state.Are People Still Moving to Florida

The mass influx to the Sunshine State has been happening long before the pandemic. Between July 2019 and July 2020, more than 252,000 people moved to Florida, marking the fifth consecutive year that the state held the top spot for net migration. Even before COVID, nearly two-thirds of Florida residents migrated to the state, with one-fifth coming from a foreign country.

Additional: Did you know Florida is the only state with no snow?

So why are people moving to Florida?

Cost Of Living & Taxes

Florida is one of nine states with no income tax, which makes it very attractive to upper-income households. But it’s also attractive to low-income and middle-class families, who say their move to Florida has to do with the affordable cost of living. Also, this is not likely to change anytime soon; the state constitution prohibits the state government from imposing an income tax. Levying any new taxes or dues of any magnitude requires a two-thirds supermajority of both state House and Senate.

Florida’s other taxes are also low or mild. The sales tax averages around 7%. Further, a corporate tax rate of only 5.5 % ensures consistent economic growth over time.

This makes Florida incredibly affordable without sacrificing the quality of life of its residents. That’s not to say the state is one of the cheapest in the nation. Electricity and utilities are the most notable examples of pricey services, especially in comparison to the rest of the nation.

More: Amazing Benefits to Living in Southwest Florida

Job Opportunity

Florida is one of the most powerful economic forces in the country. That’s why one major reason people move to the state is to seek out better career opportunities. Obviously, there’s the tourism industry, with the state being home to Disney World, Universal Studios (which includes Harry Potter World), and Legoland. But tourism isn’t even a major job provider.

Florida has a robust aviation and aerospace industry, thanks to it being the home of the Kennedy Space Center. It also is home to a booming clean technology industry. It’s also ranked second in the country for pharmaceutical and medical manufacturing.


Florida also has school choice, which allows public funds to follow students if they attend a school they aren’t assigned to by their zip code. Florida is frequently listed as one of the best states for school choice, even at times ranking No. 1 for school choice. The state has four education voucher programs, including scholarships and tax credits. The state’s friendliness to school choice has been cited as a reason for moving by some demographics.

Florida has always been an attractive place to live with its warm weather, gorgeous beaches, no income tax, and relatively affordable home prices. It has, of course, long been a mecca for retirees: Baby boomers have retired there in recent years, and a good chunk of them are spending their golden years in a temperate paradise. Now, it’s becoming an increasingly popular destination for younger residents, too. More and more millennials who can work remotely are deciding to do so by the beach. For more information on moving to the Sunshine State, contact us!

 Start Your Southwest Florida Real Estate Search Now!


Posted in News
Sept. 12, 2022

2023 Kitchen Trends: What Florida Buyers Want

Any kitchen in a home used to be swept off to the side, or in the back of the home. It was a place that was simply used only to prepare food and cook meals, oftentimes seen as nondescript in serving a functional purpose. In recent years design trends have changed, and with them, the function of kitchens. With open floor plan kitchens, we have been them evolve into the epicenter of the house, serving as gathering places and offering inclusivity for all. With only a few months left in the year 2022, we will see a new set of trends in the new year. Continue to read to find some of the must-have trends in 2023, and what will be in. 

1. Metro Tiles 2023 Kitchen Trends

Tile kitchen backslashes are going to make a return in 2023, but this time, we are anticipating a shiner version. Say your goodbyes to matte finishes, and say hello to earthenware that will be so much easier to clean! To attain a super trendy kitchen in 2023, opt for rectangular tiles in the metropolitan style. 

2. Sunny Kitchen 

A 2023 trend we will see in kitchens is not a new concept, but one that should be adopted all over. Try some expansive windows along the countertop, or extra-wide light pipes hanging above the island or stove. Welcoming the natural light and creating a visual connection with the scenes of nature is the aim of this trend. If you add a few green plants to the kitchen shelves the biophilic design will dominate the trends over the next few years. 

3. Natural Materials 

The use of natural materials is becoming a priority when it comes to replacing the use of plastic completely. When it comes down to it, marble, granite, and unpainted wood cabinets are essential elements of the new trend, giving off a rich aesthetic quality, as well as health benefits. These natural materials do not often require chemical treatment when cleaning. 

4. New Cabinet Design 

In 2023, when it comes to new cabinet designs, you can choose between two of the most popular upcoming designs: the minimalist style, where you will see fewer hardware, such as knobs and handles, and the flat-fronted cabinets that draw the eye. But be warned, automatic opening systems requiring pressure on the door are still trending for avid cooks. 

5. Designer Kitchen Lighting 

Lighting is crucial when it comes to interior design. Depending on the lighting, the tone and mood of the room can be set. Whether it is warm or cool, this element of decoration should not be neglected. The trend for 2023 when it comes to lighting is clean and refined. Think of unique handcrafted models as assets. Looking for minimalist designs to compliment the cabinets? This is a trend that will last well into the future of clean-looking kitchens. 

6. Metal Elements 

We discussed that marble and wood are must-haves for the natural look that 2023 is bringing on. Metals can complement the aforementioned. Think of the different shades of wood and metal that can bring forth warmth and contrast to stark marble surfaces. Copper details, or brushed nickel, are particularly suitable for achieving a contemporary look. 

7. Wallpaper

In 2023 it is anticipated that wallpaper will be present in the kitchen. Some wallpapers are specifically designed for kitchen areas. You can also apply a coat of water-based matte varnish to wallpaper once it has both sets and dried to seal the edges and seams for extra protection. Any kind of wallpaper that reminds one of nature, even if it is foliage, twigs, trees, fruit, or vegetables, can bring on a fresh look to your kitchen and contrast with minimalist furnishings. 

But, if your cabinetry is made up of ornaments, or your kitchen style is industrial, then simpler, lighter wallpaper should be a second choice. Abstract patterns and others that mimic metal are going to be popular in 2023. 

More: How to Make a Home Buyer's WishList

8. Ecological Kitchen 

The second-hand trend is not just for fashion, and it is entirely possible to buy a reused kitchen. Buying used kitchens, or what is known as "ex-show" kitchens makes sense in that it allows for the recycling/reuse of products that are in pristine condition. In addition, you will luck out in saving a good amount of money to invest in a green household appliance. 

For more information on trends in the upcoming year or local home information, check out our website. Contact me for all Palm Beach Gardens homes and Jupiter real estate.

Posted in News
Sept. 5, 2022

Top 9 Sights in Singer Island, FL

If you are looking for a Florida destination far from the tourist hotspots, such as Orlando and Miami, then Singer Island, FL is worth looking into. Part of the Palm Beaches in Florida, Singer Island boasts some of the best diving and snorkeling in the country. The island features a golden ribbon of pristine shoreline, extending seven miles along the Atlantic Ocean, offering a variety of picture-perfect beaches, lending access to the most enjoyable aquatic adventures you have yet to explore. Continue to read below some of the top 9 sights in Singer Island, FL for newbies to the area to check out!

1. Norton Museum of ArtTop 9 Sights in Singer Island

The Norton Museum of Art is home to the leading collection of art, consisting of a far-ranging distinguished holding in American, European, Contemporary, and Chinese art & photography. Located in Palm Beaches Florida, this museum is a dream come true for any art lover. Its collection includes well over 8,200 works. To keep its viewers safe, the museum has a high CDC COVID-19 community level in Palm Beaches County. The current health and safety regulations are as follows:

  • Masks are required.
  • Temperature checks are required.
  • Social distancing is highly encouraged.
  • Museum and event capacities are limited.
  • Vaccinations and boosters are encouraged, but not required.

A few upcoming exhibitions include:

  • A Personal View on High Fashion & Street Style: Photographs from the Nicola Erni Collection, the 1930s to Now (Oct. 8, 2022-Feb. 12, 2023)
  • Joseph Stella: Visionary Nature (Oct. 15, 2022-Jan. 15, 2023)
  • Henry Ossawa Tanner: Intimate Pictures (Aug. 20, 2022-Mar. 12, 2023)
  • Special Guest | A Quiet Abiding: Jacobus Vrel's Interior with a Sick Woman by a Fireplace in the Leiden Collection (Dec. 17, 2022- Dec. 15, 2024) 
  • Autumn Mountains and the Light of the Harvest Moon (Sept. 10, 2022-Jan. 15, 2023)

2. Henry Morrison Flagler Museum

Whitehall, better known as Henry Flagler's Gilded Age estate in Palm Beach, was once compared to being more spectacular a place than any such place in Europe, far grander and magnificent than any other private dwelling in the world. Now the Henry Morrison Flagler Museum, the landmark is open to the public for self-guided tours, changing exhibits, and special programs.

A few upcoming exhibitions include:

  • American Flags of the Gilded Age (June 14, 2022-July 4, 2022)
  • Lace Room (Permeant Exhibit) 

3. Palm Beach Zoo and Conservatory

The Palm Beach Zoo and Conservatory is a non-profit zoological organization that houses hundreds of animals, many of which are endangered. Located within 23 acres of lush tropical habitat. There are maps and directions to the Palm Beach Zoo, with a short-term stop at Latitude 26 for a brief break and an order of lunch. Feel free to visit as many times as you would like for an entire year with an exclusive membership offered by the Zoo.

Read below to meet some of the animals:

  • The Islands: Koalas 
  • Asia: Tigers 
  • The Tropics of the Americas: Jaguars
  • The Tropics of the Americas: Macaws 
  • The Florida Wetlands: Otters 

4. Rapids Waterpark

The Rapids Waterpark is South Florida's largest waterpark, featuring 30-action-packed attractions, including but not limited to 42 of the largest, wettest, and most thrilling rides. Looking for some fun in the sun? Enjoy some big savings, and a catered all-you-can-eat private picnic steps away from all the fun in the water. Don't miss out on visiting the Rapids Waterpark, open year-round. This waterpark is for all ages of people to enjoy, from retirees to infants.

Read below some of the attractions of this park:

  • Wave Pool
  • Dual Seven-Story Speed Slides 
  • Quarter-mile Lazy River 

5. Peanut Island

The Peanut Island is a unique 80-acre tropical park situated in the Intercostal Waterway nearby Lake Worth Inlet. It is a top vacation spot, perfect for outdoor adventurers and the soak-up-the-sun beachgoers. Fishing and snorkeling are popular activities in the beautiful clear water. There are guarded and unguarded swimming beaches accessible to the public, with a seventeen-site campground available to tent campers by reservation.

6. John D. MacArthur Beach State Park

The John D. MacArthur Beach State Park is named for John D. MacArthur whose foundation donated a portion of the land for its construction in the 1970s, located north of Singer Island. It covers 438 acres on land and underwater, it is truly an environmental treasure. More than 1.6 miles of pristine beach, swimming, and snorkeling are just a few of the possibilities of exploration. While visiting, check out the Nature Center or the Beach Outfitters Gift Shop. There are many wonderful things to discover in the estuary when kayaking, or paddle boarding, including some amazing plants and animals. Take advantage of many offerings from the John D. MacArthur Beach State Park, including daily nature walks, recreational skill lessons, the MacArthur Under the Moonlight concerts, summer camp, and more!

7. The Square

The Square is an indoor-outdoor mall with refined Mission Revival architecture, featuring an elegant shopping hub and palm trees in Palm Beaches Florida. The vibe is a mix of New Urbanist development and Mediterranean-Venetian elements. There are more than 60 restaurants, stores, condos, and rental apartments. Some hotspots in the area include The Cheesecake Factory, Brio Tuscan Grille, Sloan's Ice Cream, and Starbucks

8. Loggerhead Marinelife Center

The Loggerhead Marinelife Center is a center dedicated to sea turtle research, rehabilitation, education, and conservation. The center is in charge of managing the Juno Beach fishing pier, located across the street from the park. They seek to promote the conservation of ocean ecosystems, specializing in threatened and endangered sea turtles. There is a sea turtle hospital, a research laboratory, and some exhibit areas included in the facility. A few other coastal creatures can be found at the Loggerhead Marinelife Center. A few experiences and tours include:

  • Rescue to Release Virtual Reality Theatre Show
  • Public Guided Tour
  • Private Guided Tour
  • Virtual Tour
  • Beyond the Glass Tour
  • ArtSEA Kids Paint Glass  
  • Jr. Veterinarian Lab
  • Little Naturalists 
  • Hatchling Tales 
  • Public Evening Guided Tour 
  • Jr. Research Lab 
  • 55 & Bolder: Health, Wellness & Science 

9. Jupiter Inlet Lighthouse & Museum

The Jupiter Inlet Lighthouse & Museum with the sight was chosen in the year 1853, designed by the then lieutenant, George G. Meade of the Bureau of Topographical Engineers. Some events hosted by the Jupiter Inlet Lighthouse & Museum include:

For more information about Singer Island, FL, what the stunning town has to offer, and housing, Check out Singer Island real estate.

Posted in Singer Island
Aug. 29, 2022

4 Things to Know About Living in Jupiter

Jupiter, FL is known as a charming beach town located on the southeastern coast of Florida. Surrounded by pristine beaches, award-winning golf, and many opportunities for recreational activities. There are many who not only choose to vacation in this tropical area but also live here as well.  Those looking to move to Jupiter can benefit from the public school system, with some top-ranked schools being in the area. Whether you are searching for a new home or relocating within the same town, read below to find 4 things to know about living in Jupiter, FL.

1. Great Neighborhoods in Jupiter4 things about living in jupiter florida

Depending on what type of lifestyle you live, there are many neighborhood options in Jupiter. There are older neighborhoods that were built up in the 1980s and 1990s, including communities such as Jupiter Village, located near the town's center, and The Shores, greatly known for its lakes and remote location. A few of the newer communities include Abacoa, and a gated golf community, Timbers Jupiter.

2. Fun Things to do in Jupiter

There are plenty of things to do every season throughout the year when you live in Jupiter, FL, whether it is on land or enjoying the ocean. Access more than 3 miles of gorgeous beaches with 40 miles of waterways ideal for a variety of water sports. Not far from the town center, Jupiter offers boating, sailing, sports fishing, kayaking, surfing, and for those who enjoy a more relaxing activity, simply swimming. There are some top attractions in the area for land-goers, including the Busch Wildlife Sanctuary, the Jupiter Inlet Lighthouse & Museum, and the Trump National Golf Club. The seaside town homes more than 15 golf courses! There is endless outdoor recreation, but Jupiter also has a wide selection of shopping and dining to offer!
Harbourside Place, located in downtown Jupiter, offers high-end shopping and dining alongside entertainment. For more shopping and entertainment, check out the Gardens Mall, or the local businesses located in Downtown Abacoa.

3. Stunning Weather in Jupiter

A pleasant benefit of living in Jupiter is the wonderful weather year-round. During the winter months, where it may be cold everywhere else, the average low temperature typically never falls below 54 degrees, with the average high temperature ranging from 74 degrees in January to 91 degrees in August. Humidity is pretty common year-round, but Jupiter does have both a dry and wet season. Jupiter averages 62 inches of rain per year. For those interested, the wet season lasts from mid-May through October while the rest of the year has a significantly lower chance of precipitation.

4. Buying a House in Jupiter

For effortless ownership, check out the luxury villas for sale at Timbers Jupiter. These villas are two-and-four-bedroom homes that come with unparalleled benefits. From housekeeping to concierge visitations, with so many wonderful communities, there are abundant options when it comes to choosing yourself a forever home. Jupiter truly has it all!

For more information about Jupiter and the housing market, check out our website or check out all Jupiter Homes for Sale

Posted in Jupiter
Aug. 22, 2022

6 Unique Key Features of Singer Island, FL

Singer Island, FL was founded by the Singer sewing machines, Paris Singer. It is known as one of the best places to vacation in luxury. Singer Island is home to the Palm Beach Singer Island Resort & Spa Luxury Suites. Singer Island is an oceanfront neighborhood part of the city of Riviera Beach, with seven miles of pristine beaches, upscale hotels, and resorts. There is an abundant entrance to the ocean, with the beaches offering astonishing aquatic adventures within the greater Palm Beach area. Continue to read to find 6 unique features of Singer Island, FL.6 Unique Key Features of Singer Island, FL

1. The Affordability of Luxury

Singer Island may appear lavish and out of reach of the working class, but it is one of the most affordable luxury communities in Florida. There are convenient amenities, with down-to-earth residents. There is easy access to items and services sold in friendly, pleasant manners. For those in the market for the best place to call home without an over-the-top-pricing, Singer Island is a good choice for you.

2. The Perfect Location

Singer Island offers above and beyond comfortability, while only being 10 minutes away from downtown West Palm Beach, and the West Palm Beach International Airport. The airport offers flexibility and acceptance of private planes owned by residents and major airlines, only a short drive from Singer Island. For those who enjoy serenity and slow-living, the heart of Singer Island is quiet and isolated. Local business and other conveniences such as shopping, entertainment, and dining are all a short drive away. Singer Island truly offers the best of both worlds.

3. The Stunning Sunrises

If you are a morning person, the Atlantic Ocean will provide a beautiful backdrop to the changes in the sky. Singer Island, it seems, was designed by nature to please the eye. Those who find solace in the outdoors are sure to love this stunning paradise.

4. Recreational Activities

A reason that many are drawn to Singer Island is because of what it offers in recreational activities. The landscape of the peninsula is an ideal place for a variety of land and water sports, such as golf, tennis, sports fishing, and scuba diving. For those who love to bike and walk, there are beautiful recreational trails. For those that love the beach and warm sands, there are wonderful areas to enjoy the warmth of the sun and cool waters. Explore marine life up close and personal in the reefs on the outskirts of the island.

5. Wonderful Chances at Education

Singer Island presents itself as an ideal place to raise children, apart from the refined culture and laid back lifestyle, and recreational activities. The community offers superior education, with close proximity to high-end private schools and prep academies. For many, the possibility of an increased cost of living on Singer Island may be a worthwhile investment in their children's future.

6. Wellness

There are spas in the area well-known for their focus on living a mindful and well lifestyle. The Amrit Ocean Resort and Residence place an emphasis on not only physical health but mental well-being. That mentality is present throughout the entire community in the appreciation the residents show in preserving their natural surroundings, to seeking out activities in strengthening connections to the community.

For those further interested in Singer Island, FL, and what the area has to offer for those looking to relocate, check out our website.  Check out all home listings in Palm Beach County including Palm Beach Gardens real estate and Jupiter homes for sale, contact Todd Blair today!

Posted in Singer Island
Aug. 8, 2022

How to Sell Your House Fast

Even in a seller's market, preparing your house to sell as quickly as possible and for the best price possible is in your best interest. There are a few tried and true methods to set yourself up for success as your prepare to list your home. If you are considering selling your home in Palm Beach Gardens, contact us to find out how we can help, and keep reading for our tips to sell your house fast.How to Sell Your House Fast

MORE: The Ultimate Sellers Guide

DIY ways to Prepare Your Home for Listing

Before you list your home, it is best to prepare it to put its "best foot forward" by decluttering, cleaning, and staging. Remember that listing your home is showcasing it to appeal to the widest range of buyers possible.

Some of the best ways to do this include:

  • Addressing clutter: Go through the home, top to bottom, and declutter ruthlessly. The presence of clutter is one of the fastest ways to make the home appear unkempt or poorly maintained, in addition to distracting the buyer from the home's best features. Dispose of or store papers, personal items, and anything cluttering up surfaces in the home before listing.
  • Depersonalize decor: In order to appeal to a wide range of buyers, remove personalized decor like family photos and personal collections in favor of a more neutral decor style that allows buyers to picture themselves in the home.
  • Storage: If you find yourself struggling to declutter and depersonalize, initiate the packing process by utilizing temporary storage options. This might mean renting a storage unit or purchasing storage bins to stack in the garage or basement. Many sellers have an abundance of belongings that clutter the space for staging but are not something the sellers wants to donate or dispose of, so storage is the best choice in that case.
  • Deep cleaning: If it is in the budget, hire professional cleaners to perform a high-quality deep clean of the home. You can also do this yourself if you would prefer. Focusing on often-neglected areas like baseboards, inside cabinets and closets, and shampooing carpets will help the home appear beautifully maintained.

Hire the Professionals to Prepare Your Home for Listing

Some tasks are best left to professionals, who can save you time and complete the job with expertise. In order to attract the best buyers quickly, your home needs a high level of curb appeal and screen appeal, in addition to being able to pass a thorough inspection.

These are some of the features you should focus on in preparation:

  • Painting: While you may be able to paint some parts of the home yourself, like touching up dents or stains, other projects are best left to professionals. If you need to paint the exterior of the home or change the entire interior to suit a neutral palette, it is likely worth the money to hire the pros.
  • Repairs: If anything in the home is in disrepair, hire a handyman or contractor to complete the repairs before listing. Even minor issues like loose hardware or a door that sticks can give a poor impression to buyers.
  • Staging: Hiring professional stagers can help your home appeal to the best buyers, by helping them imagine how perfectly suited your home is to a variety of lifestyles.
  • Photography: Professional photography is the best way to increase your home's screen appeal. As nearly every buyer will see your home online before seeing it in person, having high-quality photos is the best way to attract the ideal buyers.

For recommendations on professionals to support you in this process, reach out to our team to find out who we love to work with. Having the right people to work with will be a defining factor in the preparation process.

Work with the Right Team

Many factors in selling your home quickly and for a great price are dependent on having the right real estate professionals on your team. Pricing the home strategically and selecting between multiple offers requires having an expert (or a few) on your team to guide you every step of the way. That's where we come in. With proven expertise in pricing homes to sell for top dollar and years of experience to provide professional advice, our team has everything required to have an excellent home selling experience. Contact me any time to get a market report and find out how we can help.

Start Here on Selling Your Home in Jupiter, Palm Beach Gardens, Singer Island and surrounding towns in Palm Beach County. 

Posted in Real Estate
Aug. 2, 2022

Pros and Cons of Buying Mortgage Points

With interest rates increasing, many buyers are looking at ways to bring down their payment costs. But is paying mortgage points, or discount points, to lower interest rates on a home loan worth the cost?

Cost of mortgage pointsPros and Cons of Buying Mortgage Points

Some things vary among lenders, but the price of mortgage points stays the same. The mortgage point, or discount, costs one percent of the loan amount. For example, one percent of a $400,000 loan would be $4,000.

The amount the mortgage point will save in interest is what varies from lender to lender. One mortgage point may decrease the interest rate by .15 percent bringing a six percent interest rate down to 5.85 percent or it could save a full .25 percent bringing a six percent interest rate down to 5.75 percent.

Some lenders allow you to buy multiple points, whereas others only allow you to purchase one or two points.

Recovering the cost

Paying for mortgage points lowers the interest rate but typically takes between five to ten years to recover the amount spent to buy down that interest rate.

Online calculators such as Mortgage Calculator allow buyers to see what the difference in the payment is based on the higher or lower interest rate. Comparing these two numbers will give an indicator as to how much will be saved in the monthly payment.

However, the mortgage points you are buying are similar to pre-paying interest and if you move to a new home or refinance the loan, you lose the extra money you have paid to buy mortgage points.

If you plan to stay in the home long-term (think 10+ years), paying for mortgage points will eventually be worth the cost. Ideally, look at the exact percentage of interest you save by buying mortgage points and find out where the "break even" point is. Your loan officer should be able to provide this information so you, the buyer, can make an informed decision.

Lowering your loan

Taking a higher interest rate by not buying mortgage points and putting the extra cash into the loan will give immediate equity. This lowers the loan amount and results in lower monthly payments. In theory, it's like you keep your cash by lowering your long-term loan debt and the extra interest you would pay on that loan amount.

This means it doesn't matter if you stay in the house the typical five to six-year average or less, you still have the money you saved on the mortgage when you sell the home.

For information about home listings in Palm Beach County including Palm Beach Gardens real estate and Jupiter homes for sale, contact Todd Blair today!

Posted in News
July 25, 2022

Investing Wisely: Backyard Renovations & Upgrades

Looking to transform your outdoor space? From adding a sunroom to mounting a large-scale landscaping expedition, there are numerous ways to liven up your outdoor living area. While enhancing the backyard could enrich family time spent outside — on top of increasing resale value — it can also be a costly mistake. Here is a brief look into certain backyard renovations you may wish to reconsider when investing in your family’s future.

For examples of costly backyard mistakes, please see the accompanying resource.

Graphic created by Pool Troopers.

If you’re currently searching for a new home, are ready to sell your home and need a qualified seller’s agent to assist you, or if you have any further questions regarding Palm Beach Real Estate, please feel free to contact our office at any time. 

Posted in News
July 25, 2022

Giving Your Bathroom A Budget-Friendly Remodel

One way to smarten up the space is by introducing smart technology. Demand for these novelties has increased dramatically in recent years as they moved from high end to mainstream. The result is more and more of these technological advances are being integrated into bathroom designs to enhance comfort and efficiency. If it’s in the budget, consider adding a touchless faucet or self-lit vanity mirror to revamp the room.

For additional ideas on aesthetically restoring your restroom, please see the accompanying resource.

Graphic created by Modern Bathroom. Contact me for all Palm Beach Gardens real estate

Posted in News