June 2007

Monthly Archive

30 Jun 2007 03:37 am

Father Moves Business, Family To Florida Well Before Retirement

Many executives in big-city financial centers endure long, draining commutes so their children can grow up in a quiet suburb. Inspired by a childhood memory of his grandfather’s happy post-retirement life in Florida, Manhattan business owner Bill Baron, a husband and father of two boys, ages 3 and 1, asked himself, “Why wait?” He and his family now live in a gated golf community in West Palm Beach, Fla.

“At first, we stayed in our Florida house for three weeks; it was the longest time I’d been away from my office since I started working after graduating law school at 24. I brought my IP phone with me and my computer, and I found I could work very effectively away from the office. My wife was pregnant with our second child. After several months of back-and-forth from New York to Florida, we started talking about making Florida our home: ‘Why don’t we give this a shot?’

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Looking for a condo in Atlantic Grove? Realtor® Caesar Parisi is ready to help you buy your dream property.

29 Jun 2007 06:53 am

Locating a rental much easier this year.

Vacationers looking for FL rental homes are quickly learning that this summer — even more so than in previous years — it’s paying off to procrastinate. Some landlords, anxious to fill their properties with paying renters, are sharply dropping rents to spur demand.

Real estate experts say the abundance of rental inventory is linked to a general weakening of the market for second homes. Since rising interest rates and other factors have limited the number of new buyers, houses that otherwise might be sold are instead offered for rent. In addition, during the real estate boom, when house values were rising sharply, many second-home owners were content to keep their vacation getaways to themselves.

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Ready to buy or sell Palm Beach real estate? Consult with licensed agent Caesar Parisi. Caesar has assisted hundreds of buyers and sellers, giving sound advice on how to most effectively buy and sell property.

28 Jun 2007 06:06 am

Credit scores and consumer confusion

People tend to be confused about how lenders use credit scores and how individuals can most effectively manage their own scores. Plus, the name itself, credit scores, is confusing. In the U.S., scores tend to be final judgments. It’s the score you got on a math test, or the score your football team got. They’re final and absolute.

In the world of analytics, a risk score is more like a snapshot. It’s isn’t a final judgment because the underlying basis for the score is constantly changing. That’s true whether you’re talking about a credit risk score like the FICO score, or other types of analytic scores that might be assessing someone’s future behavior based on how what they’ve put on a credit application – called an application score — or how they’ve managed their account, called a behavior score.

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For more information on this and other real estate matters, your first source for Palm Beach real estate should be licensed agent and long-time resident Caesar Parisi.

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27 Jun 2007 07:09 am

Real Estate-Rich Homeowners Exhibit Their Confidence

Millionaires also have an unwavering faith in money-making power of real estate. Most homeowners worth a cool $2 million or more expect their home value to increase at least somewhat and some of them expect a significant equity boost in the next year.

The Coldwell Banker survey comes on the heels of a similar study by Michaels Opinion Research, Inc. conducted for the Boston Consulting Group. It said 55 percent of Americans say their home would sell for more money now than it would have a year ago. That’s down from 59 percent last summer, but still a majority. The Boston Consulting survey also said 74 percent of homeowners were confident they could sell their home within the next six months at a price they think it’s worth.

The studies come in the midst of a FL housing market slowdown where the rate of appreciation has slowed in the vast majority of large metro areas, a growing number of areas are suffering price declines and foreclosures are sweeping the land threatening 2 million or more households, according to recent reports. Concentrated rates of foreclosures may be putting downward pressure on home prices. Original forecasts of a quick turnaround have been recast as a deeper, longer downturn.

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Ready to buy or sell Les Jardins neighborhood community real estate? Consult with licensed agent Caesar Parisi. Caesar has assisted hundreds of buyers and sellers, giving sound advice on how to most effectively buy and sell property.

26 Jun 2007 06:45 am

As you would a house, get condo inspection before purchase

You recently mentioned that when buying a new single-family home, you should get a builder-warranty inspection before the warranty expires. Does this apply to a new condominium? I ask because I am looking to buy one of the new units that have recently been added to an existing complex. How would inspections of these two types of properties differ?

Even though the overall physical condition of a FL condo development can be significant in determining how challenging it will be to resell your individual condo unit someday, there are many common elements such as hallways, façades and common mechanical systems that typically aren’t examined by the inspector because they aren’t part of the specific unit you’re buying.

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Shopping for that perfect home in Boca Falls gated community.? Realtor® Caesar Parisi is ready to help you buy your dream property.

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25 Jun 2007 07:15 am

Consumer protection laws, with teeth!

Consumer protection laws protects individuals from aggressive debt collectors. Although the laws vary from state to state, generally the intent is to hold creditors and debt collection agencies to strict conduct rules.

Here are a few:

Debt collectors may not reach you at odd hours, such as before 8 a.m. or after 9 p.m., unless you grant permission for them to do so.

Debt collectors may not contact you at work if they know your employer dislikes such calls.

Debt collectors must go through your attorney, if you have one, in regard to your debt. They can only contact a third party once about where and how to find you.

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Real estate agent Caesar Parisi stands ready with effective advice on buying or selling a Royal Palm Yacht Club single family home. Visiting the Boca Raton FL community? Contact Realtor® Caesar Parisi for information on buying or selling an The Oaks in Boca Ratonal Estate.