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Real Estate Price Trends for Palm City, Florida


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Market Insider: Real Estate Price Trends for Palm City, Florida – Sold vs. Listed

The data in this post is provided by Market Insider and is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain from this and other resources will help put you in control of your real estate transactions.

Review the inventory and health of the market by looking at the number of sold and listed properties below.

To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer’s market. If inventory is shrinking, then it could be a seller’s market.

Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer’s market.

 

Sold: Properties sold that month
New: Listings that are new on the market
Distressed: Listings that are short sales, bank owned, or up for auction.
Standard: Non-distressed listings

Chart Temporarily Unavailable
This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.

5 Insurance Mistakes Consumers Make


Real Estate Web Report5 Insurance Mistakes Consumers Make

NEW YORK – Jan. 5, 2012 – Many people make a New Year’s resolution to cut back on expenses, but according to the Insurance Information Institute (I.I.I.), there are smart ways to reduce insurance costs and some not-so-smart ways.

I.I.I issued the a list of top consumer mistakes followed by practical ways to trim costs:

1. Insuring a home for its real estate value instead of for the cost of rebuilding. With the real estate market in a slump and home prices down in parts of the country, some homeowners think they can reduce the amount of insurance on their home too, the I.I.I. says. But insurance is designed to cover the cost of rebuilding, not the sales price of a home. Make sure you have enough coverage to completely rebuild your home and replace all your belongings in the event of a disaster.

A better way to save: Raise your deductible. An increase from $500 to $1,000 could save up to 25 percent on your annual premium.

2. Selecting an insurance company by price alone. It’s a good idea to also make sure the company is financially sound and provides good customer service.

A better way to save: Check the financial health of a company through independent rating agencies, and ask friends and family for recommendations. You should select an insurance company that has a reputation for excellent customer service and will respond to your needs and handle claims fairly and efficiently.

3. Dropping flood insurance. Damage from flooding is not covered under standard homeowners and renters insurance policies. Coverage is available from the National Flood Insurance Program (NFIP) as well as from some private insurance companies. Many homeowners are unaware they are at risk for flooding, but in fact 25 percent of all flood losses occur in low risk areas.

A better way to save: Before purchasing a home check with the National Flood Insurance Program (NFIP) to see whether it’s located in a flood zone. (Some mortgage lenders require coverage, if so.) If you already own a home in a flood zone area, look at home mitigation efforts that can reduce the risk of flood damage and consider purchasing flood insurance.

4. Purchasing only the legally required amount of liability for your vehicle. In today’s litigious society, buying only the minimum amount of liability means you’re likely to pay more out-of-pocket if you are sued – and those costs may be steep. The insurance industry and consumer groups generally recommend a minimum of $100,000 of bodily injury protection per person and $300,000 per accident.

A better way to save: Consider dropping collision and/or comprehensive coverage on older vehicles worth less than $1,000.

5. Not buying buy renters insurance. A renters insurance policy covers your possessions and additional living expenses if you have to move out of your home due to a disaster. Equally important: It provides liability protection in the event someone is injured in your home and decides to sue.

A better way to save: Look into multi-policy discounts. Buying several policies with the same insurer, such as renters, auto and life, generally provides savings.

© 2012 Florida Realtors®

 

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.

 

 

Palm City Farms on Five Acres – Outstanding Views!


Outstanding Views From Every Room!
 Enjoy views of the pond and surrounding woods from every room of this contemporary chalet style home. The property boasts a variety of fruit and specimen trees and a stocked pond on five preserve-like acres. This custom built home features spectacular clear-story windows, a working fieldstone fireplace, and hardwood floors with cedar plank walls and pine ceilings throughout. Upstairs discover the master bedroom suite with its own porch and loft overlooking the living room. Additional highlights include recessed lighting, sound system, two-zone A/C, full hurricane shutters, generator hookup, and outside workshop. Well cared for and move in condition. Furniture negotiable. Sold as-is with right to inspect.
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Eric Slifkin
Keller Williams Realty
772-288-1765
eric@treasurecoasthomesales.com
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