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Lake Worth, FL Real Estate News

By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Two Sales Tips That Will Help You From July-December Get Started Now. You're excited about your present opportunities? You're proud of your company and its business model? Therefore, your best keys to success, when talking to a customer, is to tell the story of your company and its products with excitement and enthusiasm, right? Not So Fast…. Customers don’t care about your company. They don't care about its products. And they certainly don't care about your personal feelings towards your company and its products. What customers care about is... you guessed it themselves. The failure to pick-up on this simple fact about human nature is why most companies have sales and marketing messages that make customers shrug or walk away. Remember these sentences are the most important to your cu...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Palm Beach County Home Sales Hit a Record High    Palm Beach County home sales hit a record high in April, closing 1,403 single-family homes and 1,559 townhomes and condos, the most on record since 2007. Palm Beach County ranked second in the state in closed sales of single-family homes and third for townhomes and condos based on a county-by-county, state-wide, first-quarter comparison. Palm Beach County continued to gain momentum in April, with substantial increases in closed sales, median price and pending sales compared to the same month last year. Year-over-year single-family home sales increased 14.1 percent, and the median price increased 26.2 percent. When asked about the upswing of the median price, Tim Harris, 2013 President of the Realtors® Association of the Palm Beaches, s...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  A Must See Shot of The Day   I have been on a bit of a role lately buying cars and motorcycles, so that has been the theme on my mind. Classic cars and Harley Davidson’s are the vehicles of choice. With the approaching of my son’s first child, these types of photos have also created a pleasurable buzz. Hope you enjoy and don’t forget to share with someone today.  
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  The Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News Tuesday, June 11, 2013   TODAY'S TOP STORIES Rising rates won't put housing out of reach Goldman Sachs: A median home will still be affordable to median borrower, based on usual 25% debt-to-income threshold even if mortgage rates continue higher. Read more.   Housing scorecard positive; still a way to go Homeowners' equity up over $815B in 1Q - highest since 2008. The Miami-Fort Lauderdale-Pompano Beach metro is a top area for owners using HAMP. Read more.   What are the best cities for recent college grads? Apartments.com's top 10 list ranks Orlando at No. 2, behind Phoenix, Ariz. Criteria included affordability vs. just median income, unemployment rate and more. Read more.   Five ways sellers can prepare for inspection ...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
Just Listed Affordable 2/1 Waterfront in Lake Osborne Park. 6281 Pine Drive Lake Worth, FL 33462 Offered @ $349,000   Enjoy the evening sunsets from your dock!  Boat to 5 different freshwater lakes and over 60 miles of navigable waterways.  Charming home was remodeled in 2006.  Plenty of room to add on or build your dream home and use as the guest house.  No HOA.  City water.  Large storage shed.  Property is completely fenced with entrance gate and very private.  This is a normal sale.  Not a short sale or foreclosure.  Enjoy the good life on Lake Osborne!!      
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  A week in review on latest mortgage performance and short-sale progress.   Last week took a dramatic jump in interest rates, sparking some to think the economy has made the turn and improving.  However, looking deeper that may not be the case.  While there is encouraging news, data shows still a slow recovery. So what is going on?  A lot is riding from this false perspective due to the Federal Reserve and their policies. Sparking concern that the Fed may scale back their free money lending to the big banks. We will just have to wait and see, but surly rates have to go up and they are doing so. On the short-sale side of the world Realty Trac, has reported a large decrease in short-sales. Analysts have indicated that over 11 million remain upside down on their mortgages. However the ban...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  The Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News Tuesday, June 4, 2013     TODAY'S TOP STORIES Gov. Scott signs workforce housing bill Bill divides $200M of bank settlement money among programs that support workforce housing, including $40M for down payments and emergency repairs. Read more.   IRA can help a retiree qualify for a mortgage A policy revision at Freddie Mac and Fannie Mae allows seniors to include money in their individual retirement account (IRA) or 401(k) to qualify for a mortgage. Read more.   Realtors tout Fla. real estate investment in Spain The SIMA 2013 Madrid International Real Estate Exhibition last week drew more than 20,000 people; potential buyers asked about locales across the state. Read more.   U.S. home prices jumped in April by most in 7 y...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Who Belongs on the Funny Farm??? I don’t usually post this sort of thing on my blog for various reasons, but this one I just could not keep hidden. From time to time through the numerous emails and face book entries you just have to say who comes up with this stuff. Despite the challenges we all face in this market, laughter may remain the best antidote. Hope you enjoy this one minute of your day.
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  The chart below shows the pitfalls and what to expect after selling your short-sale or going through a foreclosure. We emphasize though painful is to seriously consider the short-sale option.  Many that choose this option will better serve their family in the least amount time if you take the hands on approach today.  Feel free to call us to set-up up a no obligation appointment. Helping troubled homowners is ur mission.   How it affects... r Short Sale Foreclosure Your Credit Score In a short sale, your credit is usually affected for just 2 years, which means you can rent for a couple of years and then you can buy a home again. Your credit will likely be lowered by just 50-150 points. A foreclosure stays on your record for up to 10 years, and can hit your credit score by 300+ points....
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Lake Worth of Palm Beach County, FL Market Stats for April 2013 Stats and facts about Lake Worth, Florida, are out for the month of April 2013.  The report is packed with information about the county and the local city mentioned above. In a nut shell the inventory of single family homes available for sale are at a 2.7 month selling point which is down nearly 64.1%from a year ago. That’s a good sign things are loosening up and people are buying. Click on this LINK, for more graphs and stats. Whether you are buying or selling in this hot market of the County of Palm Beach, FL, choosing the right company will save you money, time and many sleepless nights. I not only have 29 years experience as a Realtor, construction was a passion of mine as well. This alone is worth so much more than t...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  The Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News Tuesday, May 21, 2013   TODAY'S TOP STORIES NAR board looks at MLSs, realtor.com and more On the final day of NAR's convention, the board considered local MLS services, realtor.com upgrades, the Code of Ethics, dues, GRI and service taxes. Read more.   FHA policy shift nixes some condo financing Some condo complexes could lose access to FHA services thanks to a minor covenant clause that allows rentals for less than 30 days in foreclosure units. Read more.   Distressed homes lure cash investors House hunters looking to buy a foreclosure in South Fla. often lose out to cash investors, leaving many to wish banks would release more distressed properties. Read more.   Fannie Mae: Recent slowdown nothing to fear Federal budget...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Standard Sale @ 6051 Royal Brickdale Drive, Lake Worth, FL 33463   Winston Trails Community 5/3/2 2,768 Under Air   Offered @ $360,000   Starting with the lush landscaping and extensive Kichler brand outdoor lighting. Walk through your front doors into the foyer; experience the volume ceilings and elliptical windows drenching the living room with magnificent sunlight showing off the large chandelier. Stained wood flooring throughout the living areas, wired for surround sound although the speakers do not convey. Sellers are using the family room as their dining room for large gatherings, very tastefully done, again, all wired for cable also, the newer redone kitchen has wood cabinets, pull out drawers, granite counters and window sill, with top of the line stainless steel appliances, u...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Short Sale located at 6808 Hatteras Drive, Lake Worth, FL 33467   2,568 sq.ft. Under air   Offered @ $205,000   NICE FOUR BEDROOM AND THREE BATHROOM HOME WITH A NICE POOL IN A VERY DESIRABLE NEIGHBORHOOD. SHORT SALE- SALE PRICE AND COMMISSION SUBJECT TO THIRD PARTY/LENDERS APPROVAL.EXCELLENCE TITLE WILL BE THE CLOSING AGENT. ROOF DOES HAVE SOME ISSUES & BUYER NEED NEEDS HAVE IT INSPECTED.  
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
Foreclosure Starts Down Nationwide But Trending Higher in Several States   Nevada, Florida, Ohio, Illinois, South Carolina Post Top 5 State Foreclosure Rates   IRVINE, Calif. – May 9, 2013 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties and real estate data, today released its U.S. Foreclosure Market Report™ for April 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 144,790 U.S. properties in April, a decrease of 5 percent from the previous month and down 23 percent from April 2012. Total foreclosure activity in April was at the lowest level since February 2007, a 74-month low. The report also shows one in every 905 U.S. housing units with a foreclosure filing during the mo...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  The Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News Tuesday, May 14, 2013   TODAY'S TOP STORIES Realtors’ income increases 25% in 2012 For the second time in 10 years and second year in a row, U.S. Realtors boosted their income - from a median $34K in 2011 to $43.5K in 2012. Read more.   Low credit scores hold back many borrowers Hopeful borrowers with credit scores below 620 increasingly are denied a mortgage as they struggle to meet lenders' more stringent underwriting standards. Read more.   Real estate reality TV shows: Fact vs. fiction A slew of reality shows offer an insider's look at the home buying process, but they aren't necessarily realistic. For one thing, they only show the fun parts. Read more.   Groups want lower rates for force-placed insurance American Sec...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Understanding the Home Mortgage Loan Process       What are the steps that are taken in the loan process? The loan process changes in different regions and from state to state. The explanation of the loan process below is a basic overview of the steps that take place during the processing of your loan. Different lenders will have their own requirements. The outline below is meant to give you a general idea of what is required to go from applying to closing your loan. Visit   1.    The first step - the loan application: 2.   Do I have to meet in your office? 3.   After I fill out the application, what happens next? 4.   What does it mean when my loan is approved "with conditions?" 5.   What does "Close Escrow" mean? 6.   What is a "Right of Rescission?"   Visit my friends at Envoy Mort...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  The Daily Hot Sheet of Palm Beach Real Estate &  FL Realtor News Tuesday, May 7, 2013     TODAY'S TOP STORIES Wells Fargo, BofA face suit in mortgage case Big banks agreed to a $25B settlement for shady foreclosure docs last year, but a new allegation claims they've "flagrantly violated" the settlement terms. Read more.   March home prices rise 10.5% year over year CoreLogic: Month saw biggest year-over-year home price increase in seven years, and a 1.9% month-to-month rise. Prices dropped in only four states. Read more.   Software glitch slashes Citizens premium 92% One homeowner who dropped sinkhole coverage saw his insurance premium drop from $2,977 to $246. At least 1,500 Citizens customers have benefited so far. Read more.   Tight new home supply sparking price hikes Clients pref...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Citizens Insurance will shrink, but not due to Homeowner Rates     A legislative session wouldn't be complete without an insurance reform bill. The bill that crossed the finish line, SB 1770 , started off big and controversial, calling for substantial rate increases for many of Citizens' nearly 1.3 million policyholders and all new policyholders. The end product is still big -- 75 pages -- and includes a Florida Realtors priority: create a clearinghouse to enforce Citizens' eligibility requirements. But it does not include a requirement sought by Sen. David Simmons (R-Altamonte Springs) that all new policies be actuarially sound. Simmons chaired the Senate Banking and Insurance Committee this session and negotiated a compromise between an ambitious Citizens reform bill passed by the S...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Lake Worth of Palm Beach County, FL Market Stats for March 2013   Stats and facts about Lake Worth, Florida, are out for the month of March 2013.  The report is packed with information about the county and the local city mentioned above. In a nut shell the inventory of single family homes available for sale are at a 2.7 month selling point which is down nearly 66.3%from a year ago. That’s a good sign things are loosening up and people are buying. Click on this LINK, for more graphs and stats. Whether you are buying or selling in this hot market of the County of Palm Beach, FL, choosing the right company will save you money, time and many sleepless nights. I not only have 29 years experience as a Realtor, construction was a passion of mine as well. This alone is worth so much more than...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
  Check Out These Slogans, Just Pure GeniusSign over a Gynecologist's office: "Dr. Jones, at your cervix." ************************** In a Podiatrist's office: "Time wounds all heels." ************************** On a Septic Tank Truck: Yesterday's Meals on Wheels ************************** At an Optometrist's Office: "If you don't see what you're looking for, you've come to the right place." ************************** On a Plumber's truck: "We repair what your husband fixed." ************************** On another Plumber's truck: "Don't sleep with a drip. Call your plumber." ************************** At a Tire Shop in Milwaukee: "Invite us to your next blowout." ************************** At a Towing company: "We don't charge an arm and a leg. We want tows." ************************** ...
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