housing market: Gains in Wellington Home Prices Nowhere Near ‘Bubble’ Territory - 07/29/14 12:23 PM


For the past two years national home prices have risen sharply, which might lead to the conclusion that they are overpriced. In fact, if we’re to believe the most recent report by real estate website Trulia, they are still 5% undervalued when measured against long-term fundamentals. So will this fall’s home prices in Wellington be broaching unsustainable levels—or will they be reasonable?
 
The Problem of Measuring Only Home Price Increases
Real estate price increases by themselves are poor indicators of over- or undervalued real estate. Because of the headlong drop in real estate prices in 2007, throughout most … (0 comments)

housing market: Balancing Risk, Reward in West Palm Beach Seller Financing Agreements - 07/21/14 10:00 PM

Balancing Risk, Reward in West Palm Beach Seller Financing Agreements
When home prices in West Palm Beach are on the rise, one side effect is that first-time homebuyers may run into a financing obstacle. Although the stricter lending standards of the past few years have been easing somewhat, it still can be difficult for some folks (younger buyers, especially) to purchase the West Palm Beach home they have in their sights.
In that situation, an alternative to a traditional bank mortgage is seller financing. Many prospective buyers know little about the details that make up a seller financing agreement, and … (0 comments)

housing market: New Congressional Act Could Save for Those Buying a Home - 07/01/14 09:40 AM

New Congressional Act Could Save for Those Buying a Home When West Palm Beach residents hear about floods, images of homes tumbling into the sea or half-submerged along the banks of a raging river probably leap to mind. But the risk of flooding isn’t confined to those headline-grabbing catastrophes—which is why the recent passage by Congress and signing by the President of the Homeowner Flood Insurance Affordability Act (HFIAA) will be of interest to many people thinking of buying a home.
Sellers are required by law to disclose if a property is in an officially-designated flood zone; and banks typically … (0 comments)

housing market: Bitcoin Believers Give West Palm Beach Property Sellers a New Option - 06/20/14 06:30 PM

Would you be willing to sell your West Palm Beach property to a buyer who is offering virtual currency?
In recent news, there has been an influx of people who are putting their homes up for sale in Bitcoins. It may be actually worthwhile to consider the upsides, because doing so opens up your Palm Beach County property to a vast new market (not to mention potentially garnering the attention of your local media and scads more traditional buyers who are in their audience).
You may have read last December’s reports about the man who tried to sell his ranch-style … (1 comments)

housing market: Repair Demands: Par for the Course for Selling a Wellington Home - 06/17/14 08:48 PM

Repair Demands: Par for the Course for Selling a Wellington Home
If you have taken good care of your property, you rightfully expect that selling your Wellington home will result in its fetching a good price when it hits the market. That’s the right mindset for success, but it serves sellers best when it’s only a starting point. Dealing with flesh-and-blood buyers can require some judicious flexibility—for one reason, there is usually an inconspicuous (somewhat annoying) fly in the ointment. The metaphoric fly is the fact that no property is without its flaws; and its metaphoric buzzing is likely to … (0 comments)

housing market: Getting the Most from Your Online Wellington Property Search - 06/16/14 10:17 AM

A property search in Wellington just ain’t what it used to be.
Young adults grew up with computers, so to them the advent of the connected world—the Internet—brought fewer startling lifestyle changes than it did for their parents and grandparents. But for anyone who thought the emergence of the Web would be the most lifestyle-changing technical innovation to happen in our lifetimes: SURPRISE! Now the whole circus has gone mobile—migrated into phones and tablets and who-knows-what other kinds of devices—all bluetoothed and wirelessed everywhere!
The Wired World brought information into our offices and homes (to the dismay of encyclopedia and … (0 comments)

housing market: Boost Your Wellington Home’s Curb Appeal in a Single Weekend! - 06/09/14 09:36 PM

It’s usually the curb appeal Palm Beach County properties put out there that either plants a winning first impression…or a ho-hum (maybe it’s more interesting inside) reaction. This holds for casual passers-by as well as serious prospects who are pulling up for a scheduled house showing. It’s simply true: you never get a second chance to make a first impression.
If you will be listing your home this summer, adding a thoughtful extra touch or two to the outside can transform your Palm Beach County property’s curb appeal into its first strong selling point. After all, what buyer won’t favor … (0 comments)

housing market: Palm Beach County Rental Property Gains Make Selling Tempting - 05/05/14 12:02 PM

It’s one of the skills a successful Palm Beach County rental property investor needs to cultivate: if or when to sell. With property prices on the rise, some West Palm Beach landlords may in fact be asking themselves whether now is the time to cash in. Especially for most everyone whose rental property investment was made during the last few years, it’s already been a profitable gambit. According to the Case Schiller Index, by last year’s close, property prices across the nation had risen at the fastest rate in the previous nine years.
But if—and then when—to sell a West Palm … (0 comments)

housing market: Schedule Ample Time for Your West Palm Beach Home Inspection - 04/29/14 07:13 PM

Schedule Ample Time for Your West Palm Beach Home Inspection
Congrats! Your offer has been accepted and you are officially in escrow. Now what? Usually the first order of business is to arrange your Palm Beach County home inspection. When you were house hunting, you were weighing so many factors it was next to impossible to thoroughly examination of every nook and corner of every one of the serious contenders…in fact, it wasn’t necessary. But now that you’re moving forward to a purchase, you want to do more than kick the tires. It’s time to get under the hood!
Here … (0 comments)

housing market: YOU Magazine - April 2014 - 04/24/14 04:51 AM
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YOU Magazine - April 2014
 
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YOU Magazine - April 2014
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housing market: REALinsight Newsletter - 2nd Quarter 2014 - 04/21/14 09:58 PM
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REALinsight Newsletter - 2nd Quarter 2014
 
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REALinsight Newsletter - 2nd Quarter 2014
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#Christian Penner, #Mortgage Broker West Palm Beach talks about #Real Estate West Palm Beach. He also serves other Local Areas and provides home #Mortgage Solutions for Palm Beach Gardens, #Jupiter, #Boca Raton, #Wellington and #Tequesta. #Christian Penner Mortgage Broker … (0 comments)

housing market: MMG Weekly: Markets Feast on Fed Minutes - 11/25/13 02:36 AM
 
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MMG Weekly: Markets Feast on Fed Minutes
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housing market: Home-price growth slowing, Case-Shiller says - 10/08/13 07:45 PM
By Ruth Mantell, MarketWatch
Source: Home-price growth slowing, Case-Shiller says
WASHINGTON (MarketWatch) — U.S. home prices in July rose at the smallest monthly pace since March, as most cities tracked by a gauge from S&P/Case-Shiller saw slower growth, according to data released Tuesday.

Home prices rose 1.8% in July, down from 2.2% in June, according to the Case-Shiller report. After seasonal adjustments, prices were up 0.6% in July, the lowest gain since September.
It looks like higher mortgage rates are hitting the housing market, said David Blitzer, index committee chairman at S&P Dow Jones Indices. Among the 20 cities tracked by … (0 comments)

housing market: MMG Weekly Newsletter: 2nd week of September issue - Mortgage - 09/09/13 09:13 AM
 
   
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MMG Weekly Newsletter: 2nd week of September issue - Mortgage
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housing market: Business Boosters Realtor: 5 Ways To Use QR Codes - 07/22/13 04:28 PM

5 Ways To Use QR Codes To Sell More Real Estate Quick Response Codes–QR Codes, for short–are showing up everywhere these days. Similar to barcodes, they're captured by smartphones so consumers no longer have to memorize long web addresses. QR Codes can be placed on any piece of advertising and can deliver more detailed information via a prospect's smartphone, increasing your contact and the likelihood of a sale. Create your QR Codes first with Goo.gl (shorten your URL, then click "Details" and copy the QR image generated), and then try a few of these placement ideas:
Lawn Signs. Keep your prospects from hunting … (1 comments)

housing market: MMG Weekly: Consumer Inflation Hot in June - 07/22/13 02:40 PM
 
 
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housing market: MMG Weekly: Jobs Report Sizzles - 07/08/13 06:13 PM
LinkedIn Connections
To Accept or Not To Accept: That Is The Question
LinkedIn can be a powerful tool for getting introduced, growing referrals, and expanding strategic business relationships. But did you know you can also use it to support just about any business goal you have?
Remember that on LinkedIn, it's not the player with the most connections who wins the game; it's the player with the most genuine connections. In the early days of LinkedIn, you would be required to know your connection in order to make the request. But the rules have been expanded and now there's a way … (0 comments)

housing market: Housing: Look for Retail Sales, Consumer Sentiment and inflation data at the end of the week. - 06/10/13 08:55 PM
   
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Christian  Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987 (The Christian Penner Mortgage Team)

Christian Penner

Your Mortgage Lender - 561-316-6800 | 561-373-0987

West Palm Beach, FL

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