Time Is Money

Whether buying or selling a home, the Offer To Purchase is the starting point for making the sale go through. If the sellers do not accept the offer outright, they may make a counter-offer, which the buyers may likewise accept, reject or counter again.
In the interest of speed and success, it’s best to keep counter-offers to a minimum. If you are trying to sell with urgency (and who isn’t?), weigh the buyers’ offer against your need to move quickly. Perhaps the value of the concession is quite small against the profit you’ll see upon a sale.
If you are asking $200,000 and receive an offer of $196,000, that’s equivalent to just 2% less, which is like offering $.98 instead of $1. Similarly, buyers must also be realistic about the possible costs of “over negotiating” in today’s rapidly changing economic atmosphere.
If you balk at the sellers’ counter-offer now, and decide to walk away and begin your home search over again, you could be facing higher interest rates and/or rising home prices. Today, time literally is money, and the longer you postpone your purchase, the more it will likely cost you.
Before making (or accepting) an offer, discuss the offer and counter-offer process with your agent, so that you know what to expect and can be more prepared to see the deal to a successful close.
If you need information to help you solve a real estate puzzle, visit our website or call us at (772) 888-2885.
Residential Homes, Condos, and LandWaterfront and Golf Course Communities in Martin and Saint Lucie Counties

Sewalls Point Pool Home Sold!

Situated on an over ½ Acre high elevation lot in Sewalls Point, this is an extremely solid CBS home with a very private setting yet close to everything, the beaches, shopping, schools and marinas. Large, screened heated pool and spa overlooking a private fenced back yard with lots of room. Accordion hurricane shutters throughout. Side entry garage and a private gated entry. Split plan with pocket doors throughout home for those that prefer privacy. Wood floors throughout. All this at a fabulous price.

Visit our website or call us at (772) 888-2885.

Newer Lexington Lakes Town Home for Sale in Stuart, Florida

Live in the heart of Stuart and enjoy the amenities of Martin County and its ‘A’ rated schools. Close to beaches, parks, and shopping, this newer (built in 2006) 2 bedroom, 2.5 bath, and garage townhome with low monthly fees that cover hazard insurance, outside maintenance, heated pool, clubhouse, fitness center, guard gated entry, water sewer and more. An open plan with upgraded lighting and a tiled living area. Plenty of storage space as well as an open rear patio overlooking a grassy lawn with private preserve views. This Province model also offers additional guest parking close by. Renting is permitted with restrictions & 2 pets are allowed with association approval.

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

A Lesson For Sellers (From Buyers)

If you’ve found the right home, how can you be certain you aren’t paying too much? Once you make your choice, it’s quite likely you’ve also become well informed about property values. How is this so? Because before you made that choice, you probably looked at a variety of homes, possibly as many as six to twelve properties. That’s called “comparison shopping.”
As you visited each home, you made value judgments based on the size, features, and amenities offered, as well as the condition of the homes. Without realizing it, you compared prices, looking for the greatest value for your dollar. Nevertheless, another aspect of your purchase further protects you from purchasing an overpriced home. Called an “appraisal,” it’s a required step in the mortgage approval process. Your mortgage lender, who is putting up the majority share of the purchase price, also wants to be sure the home is not priced above the market.Thus, the lender asks a licensed appraiser to determine the home’s value for the record. If the appraised value does not at least meet the purchase price, the lender may not approve the loan or, at the very least, may ask for a higher down payment.

As the buyer, however, it’s easy to spot the overpriced homes. They are the ones that have been on the market for some time – but remain unsold.
Residential Homes, Condos and Land
Waterfront and Golf Course Communities
in Martin and Saint Lucie Counties

When Less Is More

If you are a homeowner who can no longer make your monthly mortgage payments, you still have opportunities to avoid foreclosure and the damage it would do to your credit. Although more complicated and more challenging, a “short sale” may prove to be the best alternative.

If you are unfamiliar with the term, a “short sale” can happen when your mortgage lender agrees to let you sell the home for less than you still owe on it, forgiving the difference. Why would a lender settle for such a sale? Quite simply, the lender may determine that they will still receive a higher amount of the remaining balance through a short sale than they would through the very costly and time-consuming process of foreclosure.

Why would a homeowner agree to sell the home for less than its value? As already mentioned, a short sale keeps you out of foreclosure and reduces the damage to your credit (and subsequent ability to purchase another home).

In the middle is the real estate agent, helping the sellers, the lenders, and the buyers navigate the complexities of the transaction to reach a satisfactory conclusion for all involved. Homeowners can trust their representatives to be honest and to provide a fair assessment of value for all parties. You can trust your agent to be your advisor and champion during difficult times.

Should you find yourself in such a situation in Martin County and would like an honest assessment of your options, visit our website or call us at (772) 888-2885.

Open House in North River Shores on Sunday September 13, from 1 to 4 PM

North River Shores, Stuart – We invite everyone to visit our open house at 2196 NW Fork Road on September 13 from 1:00 PM to 4:00 PM.

the Gabe Sanders real estate team

  Stuart Florida Real Estate

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Search the Martin County MLS

Port Saint Lucie Pool Home – Short Sale sold in under 60 days

Port Saint Lucie Section 40, Port Saint Lucie 34952 – The single story at 2686 SE Clareton Ter has been sold.
the Gabe Sanders real estate teamStuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

2490 SW Liberty St. in Palm City is Sold

Just sold, 2490 SW Liberty St. in Palm City, the Murano community. Brand new construction from Home Dynamics.

Contact us for some of the last few available homes at special pricing.

This neighborhood’s fantastic weather, minimal congestion and traffic, and cozy hometown atmosphere make it incredibly appealing to growing families and active retirees alike.

the Gabe Sanders real estate teamStuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Open House in Palm City, Sunday Aug 30 from 1-4 PM

Please visit us at 3751 SW Canoe Creek Ter. on Sunday, Aug 30th from 1 to 4 PM.This home is a perfect 10! Immaculately appointed 4 BR, 3 BA Key West Pool Home on a secluded oversized preserve view lot of over 1/2 acre. Rich and warm wood flooring in all living areas. Custom handpicked marble kitchen and bathroom counters. New top-of-the-line stainless appliances and gas range boasting a pot filler. Kitchen appliances come with an extended 7-year warranty. Extensive crown moulding and wall treatments throughout. French doors and plantation shutters throughout. Gas heated, screened pool and spa overlooking an expansive yard and private playground. 15KW automatic backup generator. Super insulation and FPL savers make this a green home with very low utility costs. Come and see this gorgeous home.

the Gabe Sanders real estate team

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Beyond The Lousy Loans

Yes, it’s true, many lenders in recent years have written sub-prime mortgages that could only be expected to default. However, foreclosure is nothing new, and there are myriad reasons that a homeowner might be facing dire straits.

Increasingly, challenges might include economic hardship due to job loss, bad health or divorce, or payments that jumped too high after a rate adjustment, or simply increased cost of living outpacing income.

Whatever the reasons, the best way to avoid foreclosure is to be well educated and prepared before making a home purchase, and anticipating worst-case scenarios before choosing the loan that is right for you.

If default appears inevitable, know that there is help available, with a “short sale” being the last resort for resolution. Such a transaction is called “short,” because the home is sold for less than the amount remaining on the mortgage, and the lender willingly accepts some of the loss.

If you’re facing foreclosure, contact your lender’s loss mitigation department immediately. While you are in the midst of negotiations, keep a log of all phone calls – the date, time, contact person and discussion. Lenders are overwhelmed right now, so be patient and don’t expect an immediate answer.

If you’re down to your last resort and are considering a short sale, you will need an experienced Realtor. Call one in your area that knows how to handle and negotiate short sales.

Understanding real estate dilemmas and their solutions is our business, and we’ll happily share our knowledge with you. Why not visit our website or call us at (772) 888-2885.

Curb appeal gains new importance in selling your home

If you are thinking of home improvements that will offer the best return when you sell your home, you may want to wait before updating the kitchen or adding a new bath.

Your greatest return on dollars invested now could be for increasing a home’s curb appeal. Your goal should be to make the outside of the house look really great so people fall in love with it before they even step out of the car.

Freshly painted trim and new hardware also help a home show well. And landscaping, including well-manicured trees and shrubs, can help older homes compete in the marketplace.

New windows, doors and siding are more expensive improvements but make homes look well-attended. They also help make homes more energy efficient, which is a factor with today’s high energy costs.

During the housing boom, kitchen and bath projects brought a 90 percent return on investment when the home was sold. That’s not true anymore. Now the return is about 70 percent or lower. Remodeling activity peaked in 2006, declined in 2007, and is expected to decline by 4.8 percent a year through 2009, according to the Harvard Joint Center for Housing Studies.

If a remodeling project makes a home stand out from others in a similar price range, it might still be a good idea. But beware of remodeling on the cheap. Inferior cabinets and poor workmanship won’t fool buyers. Home searchers aren’t making snap decisions in these times. They’re taking their time and paying more attention to value.

That being said, go back to improving the appearance of your home from the outside. Potted flowers, trimmed bushes, and an edged lawn are less-expensive projects that give buyers that all-important, positive first impression.

Residential Homes, Condos and Land Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

4 BR Lakefront Pool Home in Springtree, Stuart is Sold

SOLD!
4 Bedroom Screened Pool Home with gorgeous lake views in the private convenient gated community of Springtree. This family-friendly community is close to Martin County beaches, convenient shopping, and wonderful restaurants. This district includes all ‘A’ rated schools. This home has generous room sizes and ample storage. Very aggressively priced featuring a kitchen with a gas stove, tankless gas hot water heater as well as gas heat for the pool and spa. Breakfast nook w/bay window that to the family room, the master suite has dual vanities, roman tub, separate shower. The second floor has accordion storm shutters for easy operation.

the Gabe Sanders real estate team

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Know Your Mortgage Options

If any of your friends or family have recently applied for a home loan, you’ve probably heard that lenders are nervous, with tough new rules and demands for stacks of paperwork. Good mortgages are still out there, but you should be prepared before applying.

First, understand how your credit score impacts the interest rate charged on your loan. If your score is 720 or higher on the scale of 850, you will qualify for the best rates. If it’s between 700 and 719, you could expect 0.375% added to that rate, while a score between 680 and 699 might add 0.5%.

Next, determine how much you have available for a down payment, and how that will affect your loan’s terms. A “conforming loan” (that would be purchased by Fannie Mae or Freddie Mac) will require a minimum 10% down payment.

However, if you don’t have that much to put down, you can investigate a Federal Housing Administration (FHA) or Veterans Administration (VA) loan. These government-backed loans are targeted toward those with lower credit scores and only require a 3.5% down payment.

You can even use this year’s First Time Homebuyer Tax Credit to help pay closing costs, buy down the interest rate, or add to your minimum down payment. Just have employment, banking, and tax records organized, and be patient while overworked lenders review your application.

We know and understand the current financing methods available on the Treasure Coast of Florida. Why not visit our website or call us at (772) 888-2885.

Martin County Residential Market Update

Below are the latest charts for Martin County Residential (Single Family) real estate statistics as reported by the Realtor Association of Martin County.

The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. The absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Our inventory continues to decline and prices have leveled off and in certain isolated neighborhoods have begun to rise. We may very well be past the bottom. Careful monitoring of future trend data will give us the answers.

the Gabe Sanders real estate team

Stuart Florida Real Estate

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Martin County Condominum Market Update

Below are the latest charts for Martin County Condominium real estate statistics as reported by the Realtor Association of Martin County.

The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. The absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

The condo situation is a bit more complex in Martin County as we have a wide array of products available. Median prices show a slight uptick this past month, due mainly to the sale of some upper-end Ocean Front units. Overall, the inventory remains quite high and the seasonal slowdown in sales has begun. While the trend is definitely positive, we feel that this market continues to be in some difficulty.

the Gabe Sanders real estate team

Stuart Florida Real Estate

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Don’t Take Everything

If you plan to move while your home is still listed for sale, you may face a marketing challenge – the vacant home. While lived-in homes may be more attractive during showings, there is much you can do to present your vacant property successfully.

On the outside, give your home an occupied look by asking a neighbor to park their car in your driveway, open and close your drapes, and retrieve any mail that still arrives. During the warm season, have a lawn service maintain the yard (in the winter, a snow removal service may be in order).

On the inside, create a sense of space by leaving some strategically placed pieces of furniture, like a few chairs, tables and lamps. You can create a “bed” by covering an empty mattress box or several moving boxes with a thick comforter.

If you remove furniture that reveals blemishes on the walls, repair and repaint those. If you notice that the carpeting is faded after you’ve moved furniture, consider replacing it if possible.

Keep it feeling pleasant indoors during all seasons by keeping your power on after you move, and having a neighbor or family member set the temperature at a minimum comfortable setting according to seasonal conditions.

We have even more suggestions for marketing a vacant home, so put our experience to good use!

If you’re planning to sell your home soon and would like accurate and up-to-date information on its current value, visit our website or call us at (772) 888-2885.

Updated Condo for Sale in Port Saint Lucie

Wonderfully updated 2 bedroom, 2 bathroom, 1st floor corner comes condo in Evergreen at Port Saint Lucie. Superior location by the new Saint Lucie County civic center, within walking distance to the hospital, banks, shopping and restaurants. Ceramic tile in all living areas and newer carpets in the bedrooms. Updated bathrooms. Evergreen features two community pools and numerous lakes with fountains. An excellent opportunity for a first time home buyer or for an inexpensive Florida second home.
the Gabe Sanders real estate teamStuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Make Your Home a Welcome Sight

Home staging has become a popular industry and topic, particularly as it relates to improving the appeal of your listing during challenging times in the real estate market. But what about “staging” your yard?Sure, any steps that you take to improve your interior’s appeal will go a long way towards wooing buyers, but it’s the outside of your home that they will see first, and you know that first impressions count! Review some of these helpful tips to make your offering an inviting one.

Go green by seeding and fertilizing your lawn for a lush look. Also, bring your home out from hiding by trimming overgrown branches and shrubbery around the house. Give the impression of easy living by hanging a hammock in the front yard. Seriously, little suggestions like that really sink into a buyer’s mind.

Give your flowerbeds and borders more striking visual appeal by applying mulch, and edge the beds and driveway, walkways and sidewalk. Planting annuals such as geraniums and petunias will also add to the impact and brighten up empty areas.

The final step in your outdoor “staging” is to power wash your home’s siding and the sidewalk and patio or deck. When you show pride of ownership and that you care about your home’s presentation, it will resonate with buyers looking for value and a home in ready-to-move-in condition.

Understanding the real estate market and the best solutions are our business, and we’ll happily share our knowledge with you. Why not visit our website or call us at (772) 888-2885.

Price reduced on Stuart Waterfront Pool Home with Ocean Access

North River Shores, Stuart – Announcing a price reduction on 1765 NW Harbor Pl., a 1,588 sq. ft., 3 bath, 2 bdrm single story. Now MLS® $475,000 USD – Bargain Priced.

Deep waterfront home only 3 homes from the wide Saint Lucie River. There’s a cut-in slip for your smaller boats as well as 100′ of waterfront for your larger vessel)s). This is a solid CBS home surrounded by updated much more valuable waterfront homes in a private exceptional area. This is an opportunity for someone who wants an affordable deep water home in North River Shores or possibly a remodel to fit the character of this fine community. 2BR, 3 Baths with large living areas, and diamond Brite in-ground pool. Please call us for additional information.

the Gabe Sanders real estate team

Stuart Florida Real Estate

Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Lakefront Golf Course Home for Sale in Stuart, Florida

• 2,000 sq. ft., 2 bath, 3 bdrm single story “Poured concrete construction” – MLS® $314,961 USD

Florida Club, Stuart – Relax in style in this beautiful Oakmont model by DiVosta. Entertaining here is easy with granite breakfast bar, separate dining area, great room, den, extended screened lanai with lovely lake views. Subtle details create extra delight; glass tiles add ambient light, ample cabinets plus pull-out pantry, tile backsplash, Belgian laminate wood flooring, crown moulding throughout, wired for surround sound. Feel secure with poured concrete construction, accordion shutters, manual transfer for generator and security system, and transferrable warranty on appliances. Florida Club also offers a community pool, tennis, and a public golf course with the atmosphere of a private club.

the Gabe Sanders real estate teamStuart Florida Real Estate

Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties