Wednesday, August 25, 2021 / by Dave Magua
The real estate market isn't the only thing on fire in Boca Raton. A lot of new things are coming: The Boca Center for the Arts, The Brightline, and more!
Boca Raton Center for Arts & Innovation: Decades in the Making
The Edith & Martin Stein Family Foundation recently made a
seven-figure donation to The Boca Raton Arts District Exploratory Corporation (BRADEC). This pledge of $5M will help break the ground for the Boca Raton Center for Arts & Innovation. This center will be Boca Raton’s hub for all things tech, culture, and education. Upon the full raising of the capital and completion of the design, planning, permitting and pre-construction phases, construction will commence, with an estimated 24-28 month construction schedule.
The newly-improved amphitheater will be first finished, expected by 2025, with the full center slated to open in 2027.
Under Constr ...
Wednesday, August 5, 2020 / by Dave Magua
Friday, July 31, 2020 / by Dave Magua
Sunday, June 7, 2020 / by Dave Magua
Buyers are already embracing the new rules, and the only potential issue is how soon sellers and their listing agents will figure it out as well. Here are our top five tips for real estate agents looking to capitalize on their seven seconds:
Learn how to handle classic seller arguments. These include, “We want to give the buyers the opportunity to upgrade the home the way they want to,” or “If we replace the carpet, the buyer may not like it and we will have wasted our money.”
These arguments are effectively dead. Today’s buyers, in large, do not want to fix up homes. When sellers ask why they should spend money to upgrade when a buyer might change things once they move in, the question you ask in return is, “If you can spend $1,000 to make $2,000-$3,000, does it matter what buyers do when they move in?”
Sellers must understand that buyers are looking for homes that meet their criteria, not the seller’s. Homes that resona ...
Friday, May 15, 2020 / by Dave Magua
Close to 9% of all active mortgage loans are in forbearance as of this week, according to the latest data from Black Knight’s McDash Flash. That amounts to a total of 4.7 million homeowners now in forbearance, which is up from 4.5 million loans reported one week ago.
The latest numbers have been enhanced to include loans that were in forbearance but not previously reported as “COVID-19-related.”
About 7% of mortgage loans backed by Fannie Mae and Freddie Mac are now in forbearance, while 12.4% of FHA and VA-backed loans are in forbearance. Just over 9% of portfolio and privately securitized loans are also in forbearance.
In terms of loan numbers, that’s 27.9 million GSE loans, 12.1 million FHA and VA loans, and 13 million other mortgage loans.
In total dollar amount across all loan types, the total unpaid principal balance on loans in forbearance is $1 trillion.
Meanwhile, servicers must continue to advance principal and interest payments along with ta. ...