Palm Beach Real Estate News

As the country reopens and starts to lift COVID-related restrictions, more people are getting back into the housing market—but many sellers are still concerned with how the pandemic will impact their home sale.

According to a new survey from LendingTree, more than 80 percent of sellers are concerned their home won’t sell—and almost 70 percent of sellers would accept a lower price in order to sell their home in the midst of the pandemic.

The Takeaway:

What does that mean for you? While this concern isn’t the best news for sellers, it is good news for buyers. Sellers are willing to lower their home price in order to successfully sell their properties, at least for the time being. So, if you’re thinking about buying, now could be a great time to score a deal on your home purchase.

Posted in:home buyerPosted in:home buying and tagged: home buyerhome buying
Posted by Heather Smith on July 6th, 2020 4:18 PM

5 Questions Buyers Have During the Coronavirus Outbreak Answer

Everyone is being affected in some manner by the outbreak of Covid-19 coronavirus. During this time, buyers will have more questions than normal about the home buying process and their ability to buy a new home. While we can’t predict what the next few weeks and months will bring, the more we can educate ourselves, the better we can help buyers navigate the buying process smoothly during the pandemic. Here are a few common buyer questions as they related to the Coronavirus outbreak and real estate answered.

1. Can we still go see home listings in person? – This is the hardest question to answer and it will depend on the home, the seller, the agent and any fast-changing governmental policies put in place. Agents should be able to offer a Skype or Face Time home tour virtually. Talk to your agent to find out what they have available for the buyers to prescreen the home virtually before setting up the visit; they might have virtual tours already available which can help rule out those that don’t suit their needs.

2. How can I stay safe while visiting homes? – Everyone’s health has to be the priority; this includes the buyers, sellers, and agents. If you are going to see a home in person during this time, carry hand sanitizer and wipes to use before, during and after the tour. Drive separately from your agent meet at the homes. During the tour, designate one person to open doors, drawers, and closets and use disposable gloves during the showing.

3. What happens if I lose my job during the escrow period? –Most real estate contracts include a contingency that protects the buyer in the event they can’t get final loan approval and close the loan. Typically during the process, this contingency is removed after a set time frame, or after receiving the loan approval. Since every aspect of real estate is negotiable, consider asking for the contingency deadline to be extended and in place until the close; talk through this aspect with the seller and their agent in advance to set the right expectation.

4. Will I still have access to the home during the escrow period? – It’s very common for the buyer to have easy access to the home during the escrow period; home inspections, appraisals and just measuring are all common reasons to visit the home during escrow. Consider grouping these activities whenever possible.

5. Will I get a better deal if I wait to buy a new home? – We all know there’s no crystal ball, but with everything that’s going on, sellers on the market should be very motivated to sell. There are also historically low-interest rates on home loans. There is no way to predict the future, so if the right home comes along, it makes sense to consider it.

The Covid-19 outbreak is causing some uncertainty among home buyers, sellers, and even agents. However, with the use of technology and following best practices, you can still find the home you’ve been waiting for during this time.

Posted by Heather Smith on May 21st, 2020 12:51 PM

There's no doubt pets play an important role in our home. They wait for us to come home after a long day, they protect our property, and they are there to comfort us when things go wrong. Use these tips to ensure that you can enjoy your pet and sell your home at the same time!

Carpet being cleaned

Invest in a good carpet cleaner.
It’s a good idea to invest in a carpet cleaner, or have your carpets cleaned professionally to ensure there are no obvious pet stains. Plus, pet odors can radiate throughout the house. A carpet cleaner will help remove those odors and embedded fur.

Couple walking bulldog

Keep your pet out of the house.
If possible, it’s best to leave your pet with a friend, a relative, or another trusted caretaker while showing your home. If no one is available, consider putting your pet in a crate in an area where potential buyers are less likely to be—either a basement or mudroom. Put a blanket, bowl of water, and favorite toy in the crate to help your pet feel more comfortable.

Young child playing with terrier in yard

Clean up the yard.
Your backyard can also leave traces of your pet, so it’s important to clean up any waste and toys. Keep a toy bin by the door, and try to have your pet do their business in the same area so the cleanup will be easier. If there are any bare patches of grass, you can try to aerate and seed these spots or plant sod for a quick fix.

Cat and dog nuzzling in grass

Put away the pictures.
If you’re anything like the thousands of other pet parents out there, you probably have a handful of pictures of your pet around your home. You’d be surprised at how much potential buyers pay attention to pictures during a showing. These pictures will be a dead giveaway of your pet ownership, so it’s best not to display them while showing your home.

Couple reviewing information on laptop and paperwork

Familiarize yourself with your insurance policy.
Even if your pet is the nicest pet in the world, having your pet around during a showing poses a handful of potential risks. Take a look at your homeowner’s policy and make sure that it covers you in the event your pet becomes aggressive with someone on your property. Aggression doesn’t have to always be malicious: even if your pet knocks somebody down due to excitement, you could still be held liable. These types of situations happen more often than you would think, so it’s better to be prepared.

There’s no reason for your animal to hinder your selling process. Use these tips to ensure that you can still enjoy your pet, and make a deal all at the same time!

Visit American Lifestyle for more articles: https://americanlifestylemag.com/real-estate/buying-selling/home-selling-tips-for-pet-owners/?utm_source=marketo&utm_medium=email&utm_campaign=RMCID-1612-Email-ShareSaturday(ALM)-Customer&utm_content=realestate&mkt_tok=eyJpIjoiTURKbU56RmxOR1V4TVdNNCIsInQiOiJHVjByYWdDUVltT1hYcmNabm9nTks1UlN1ZHF0ZmFNWU8rSThzV3l3UisrdlJrVHhyQmZiN1ZZUlhUbGl3MVdJUitRbTlmZkhmXC8yWUFzR0dLeEQ2dmV2Q05pWGFRQVppVjBPVWVzXC94UUVtelhzSDQxcG5vOERhTzFpenAxQjlcLyJ9

Posted by Heather Smith on March 5th, 2020 2:24 PM

Predicting the housing market should be an Olympic event; everyone loves to predict the ups and downs of the real estate market. As we enter 2020 consumers are wondering if it’s a good time to buy? What can home buyers expect this year and is it time to move?

Housing Market Trends 2020
Most analysts agree that 2020 should see a continuation of the momentum which built in 2019. The foundation for growth is strong with low unemployment numbers, higher household incomes and high consumer confidence. Additionally, we are starting to see more Millennials enter the housing market than ever before.

Housing Stocks
More and more investors are realizing the value of adding real estate to their portfolios. Shunting the hassle of owning rental properties, many of these investors, as well as new participants, are turning to REITs for investment diversification. REITs that are based on hard assets provide stability as well as liquidity, making them very popular. The types of properties held in these funds is changing also. In addition to commercial and large scale buildings, many funds are adding smaller homes to their portfolio – taking advantage of the growing down-sizing trend as Baby Boomers move to their next home.

Market Picture for Buyers

Overall, buyers should find a nice selection of homes from which to choose. Interest rates are expected to remain reasonable and home prices should flatten a bit with the increased inventory of homes. All-in-all, 2020 should be a continuation of the past year with no extreme moves expected in the market.

Posted by Heather Smith on February 28th, 2020 6:29 PM


Technology has made a variety of real estate transactions significantly more convenient; instead of filling out paperwork in person, digital contracts allow you to conduct virtually all of your real estate business online from wherever you are. But there’s one transaction the majority of people still prefer managing in person—and that’s closing on a house.

According to a recent survey from Solidifi, a network management solutions provider in the residential lending industry, 81 percent of consumers prefer to close on their home or refinance in person. One of the main reasons? Consumers still value having a qualified closing agent on hand to help them navigate the process; according to the survey, more than two-thirds of consumers said their experience working with their closing agent would make them more likely to work with their lender in the future.

What does this mean for you? If you’re purchasing a home and the thought of a digital closing doesn’t sit well with you, you’re not alone. Working in person with a qualified closing agent can help you better navigate the closing process, get all of your questions answered, and ensure that the purchase or refinancing of your home goes smoothly.

Posted by Heather Smith on December 20th, 2019 3:17 PM

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Heather Smith

Illustrated Properties 125 Worth Avenue, Suite 202
Palm Beach, FL 33480-4094