PBP Real Estate News and Events

Aug. 23, 2022

What Sellers Need to Know in Today's Housing Market

What Sellers Need To Know in Today’s Housing Market | MyKCM

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. However, you do need to price your house right for today’s market. Here’s why.

As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.”

It’s true that buyer demand has slowed over the past few months as higher mortgage rates have made it more expensive to buy a home. The result is fewer bidding wars and less competition among buyers (see visual below):

What Sellers Need To Know in Today’s Housing Market | MyKCM

But don’t forget – that’s compared to the severely overheated market we saw over the past two years. According to the latest Confidence Index from NAR:

“. . . 39% of homes sold above list price, down from 51% a month ago and 50% a year ago.”

While this is a slower pace than even one month ago, serious buyers are still actively in the market, and they’re buying homes that are priced right. In fact, the Confidence Index also notes the average home is selling in just 14 days.

If you’re aiming to sell your house, be sure you’re working with your agent to price it for today’s housing market. As buyer demand softens, it’s important to understand this isn’t the same market as last year. It’s not even the same market as just a few months ago. But it is still a sellers’ market.

If you’re ready to sell your house, seek the advice of a real estate professional. In some cases, you’ll need to adjust your expectations accordingly to meet the market where it is today. Selma Hepp, Interim Lead, Deputy Chief Economist at CoreLogicexplains what’s happening and what it means when you sell:

Signs of a broader slowdown in the housing market are evident, . . . This is in line with our previous expectations and given the notable cooling of buyer demand due to higher mortgage rates. . . . Nevertheless, buyers still remain interested, which is keeping the market competitive — particularly for attractive homes that are properly priced.”

Bottom Line

While the housing market has cooled from its overheated frenzy, it’s still a sellers’ market. Let’s connect so you understand what’s happening with buyer demand and home prices in our local area as you get ready to enter the market.

Posted in Ask Gia!
March 5, 2021

Luxury Dream Escape at One Ocean in Deerfield Beach

This highly sought-after 3 bedroom, 2.5 bathroom, 2nd floor luxury condo offers high end finishings and is just steps to famous Deerfield Beach and pier. This home features travertine high gloss marble floors throughout the living spaces and wood laminate flooring in the bedrooms. The open kitchen features breakfast bar, granite counters, stainless steel appliances and tile backsplash. The large master bedroom features crown moulding, a private balcony and large en-suite bathroom with spa tub, walk in shower and dual sinks. The second bedroom features a custom built-in queen sized Murphy bed with shelving and desk and a full jack and bathroom features dual sinks and granite counters and connects to the 3rd bedroom. All windows and doors are impact glass and plantation shutters are on the living room windows. Enjoy two balconies; one facing East and one facing South. This home also comes with 2 assigned parking spaces. 

One Ocean is a luxury boutique 2 building gated community that offers a resort style pool with spa, bbq and hammock area and a fabulous fully equipped fitness room. Enjoy living like others vacation on gorgeous Deerfield Beach!

Posted in Coastal
Feb. 2, 2021

JUST SOLD - Tamarron West Boca Raton

This impressive 4-bedroom, 4-bathroom, 3 car garage updated waterfront home will leave you speechless as it clearly stands out among the rest! This home features a private tennis court, resort-like heated pool and personal movie theater which also doubles as a hurricane room with 8-inch rebar reinforcing the room along with a whole house generator and impact glass. This dream home is situated on 1.1 acres of beautiful, tropical landscaping! The soaring ceilings, open living spaces, hardwood flooring throughout, architectural arches, crown moulding and recessed lighting reflect the detail and care put into this home. The chef's dream kitchen features Thermador appliances with built in coffee bar - cappuccino anyone? The rounded center island as well as oversized breakfast bar adds to the functionality of the area. The modern 2-tone cabinets, stone counters, stainless steel range-hood, and stylish backsplash elevates this kitchen to the next level.

We are so excited for our Seller and the new owners of this gorgeous property! Congratulations!

Oct. 22, 2020

Stunning Valencia Cove Home

12007 Bear River Rd, Boynton Beach, FL

This is it! This 3 bedroom + den AND bonus room, 3.5 bathroom, lake adjacent and corner lot home is ready to impress with custom architectural detail throughout! Enjoy the custom ceilings, gorgeous tile flooring, crown molding, wall molding, high end fixtures and custom window treatments. This home features a luxury kitchen with upgraded cabinets, granite counters and stainless steel appliances. It also has reverse osmosis whole house water filtration and whole-house generator! The impressive bedrooms offer custom closets and plenty of space! The bonus room is currently being used for storage but is ready to become an office, home gym or meditation room... whatever you desire! Enjoy morning coffee from the extended, tiled screened patio with hot tub and adjacent water views!

Valencia Cove is a premier active adult luxury community with tons of amenities including: tennis, pickle ball, bocce ball, 4 pools, clubhouse, table service dining (inside, poolside, takeout), fitness center, basketball, classes, clubs, card rooms, lectures, shows, entertainment, dances, ACBL Duplicate Bridge, canasta, mahjong, poker & 2 gated entrances.

Posted in Over 55
Aug. 14, 2020

22180 Woodset Ln, Boca Raton, FL

Gorgeous Dream Home for Sale in West Boca Raton

This impressive four bedroom, four bathroom, 3 car garage waterfront home will leave you speechless! Featuring a private tennis court, resort-like heated pool and personal movie theater, this dream home is situated on 1.1 acres of beautiful, tropical landscaping! The soaring ceilings, open living spaces, hardwood flooring throughout, architectural arches, crown moulding and recessed lighting reflect the detail and care put into this home. The chef's dream kitchen features Thermador appliances, water filtration system, built in coffee bar, a rounded center island as well as oversized breakfast bar. The modern 2-tone cabinets, stone counters, stainless steel range-hood, and stylish backsplash make this kitchen stand out among the rest.

The enormous master bedroom offers a connected small gym which could be used as an additional office or gym or yoga room. The expansive master bathroom features his/her sinks and cabinetry and an impressive soaking tub nestled among lovely arched windows. The additional 3 secondary bedrooms are also oversized and offer plenty of room for any layout. Enjoy movie night with the family inside the sound-proofed 8 seat movie theatre. The covered patio offers outdoor dining overlooking the impressive pool and private tennis court. Additional features include a whole house gas generator with 1,000 gallon propane tank, reinforced movie theater with 8 inches of rebar to serve as a safe storm room, impact glass throughout, canal-fed sprinkler system and oversized septic system.

This magnificent home is being offered at $1,100,000. For more information and/or a private viewing, please feel free to reach out to us at info@pbprealestate.com or 561.395.8418

June 28, 2020

Dream Home in Coconut Creek, FL


Do not miss out on this incredible, luxuriously upgraded dream home! This 4 bedroom + den, 2.5 bath pool home features scraped bamboo and neutral tile flooring throughout the living spaces, an open floorpan and an absolute dream kitchen with Cesar Stone Quartz counters and backsplash, stainless steel Frigidaire appliances, a huge breakfast island and tons of cabinet space. The large family room features custom builtins and overlooks the private backyard paradise. Upstairs, the spacious master suit features durable wood-look flooring, a large walk in closet and a fully upgraded spa retreat en-suite complete with soaker tub, LED mirror, dual sink and quartz counters. The glass enclosed shower and 3D tile accent wall complete this dreamy high-end master bathroom...

All secondary bedrooms have also been finished with durable wood look flooring, neutral paint, ceiling fans and ample closet space. The covered, screened patio, which is perfect for morning coffee, opens to the private, fenced and beautifully landscaped backyard oasis that backs up to the lake and Lakeside Park. Escape to your personal paradise and float in the heated saltwater pool, enjoy dinner al fresco under the covered pergola, then sip fire-side cocktails as you watch the sunset from your own slice of heaven. This home has been upgraded to include impact windows and doors on the first floor, according shutters throughout and electric shutters for the larger second story windows. Essex Park at Regency Lakes is walking distance to the community pool, gym, volleyball, basketball, tot-lot and clubhouse. You can also walk to the recently renovated Lakeside Park, Tradewinds Elementary, Publix and many other local shops and delicious dining. Quick access to major highways and a short drive to the beach

Posted in Community
June 10, 2020

What is a forbearance?

The definition of a forbearance is an agreement between the homeowner borrower and the lender to delay a foreclosure.

So what does that mean in today's terms?

To request a forbearance today is to request the lender "hold back" or to allow the homeowner borrower a delay in making the payment. For some borrowers, this  may make financial sense if there was a loss in income or job loss, especially if you have a federally backed loan like Fannie Mae or Freddie Mac, which represents about 50% of all home loans. What this means to those borrowers is that the lender and/or servicer will allow the borrower to delay making the payments for a period of time and then will add those missed payments to the back end of the loan.

Unfortunately, for some borrowers who do not have a federally backed loan, the lender and/or servicer may require that homeowner borrower to "catch up" with their payments before making the next payment. So, for example if a borrower received a forbearance for 4 months, they may have to pay the entire 4 month delay before making the next payment whereas a FannieMae or FreddieMac loan may put those payments at the end of the loan.

If you want more information regarding forbearances, if it makes sense for you and/or how it affects you moving forward, let us know. We are here to help! 

Posted in Short Sales
April 9, 2020

Waterfront Home in East Boca Raton for under $1,000,000

700 NW 7th Avenue, Boca Raton, FL 33486

This stunning updated and expertly designed estate home located in the heart of Boca offers endless style, luxury and fine living throughout. The modern impact glass sliding doors off of the spacious living area pocket all the way back behind the wall, providing expansive open views of the private and lush backyard and pool which also overlooks the El Rio canal with access to the ocean.

The entire first floor features Mexican tile flooring throughout, which beautifully compliments the modern yet rustic interior design. The second story features all 3 spacious bedrooms and stunning oak flooring throughout. Central to the home is a chef's dream kitchen with a Viking range and hood, gas stove top, double oven and French door refrigerator! You also have your choice of a single drawer dishwasher or a full dishwasher for easy kitchen cleanup!

This home has also been updated with full impact glass windows and new plumbing throughout as well as added high hats, ceiling fans, security cameras and exterior uplighting.

From this amazing location you can walk to Mizner Park or hop in the car for just a minutes drive to endless fine dining, shopping and beaches!


For more information or to schedule a private showing, please reach out to us.

Feb. 14, 2020

Inside Look at a $5,650,000 Intracoastal Waterfront Home in Boca Raton

This luxurious home is located in the Boca Keys Subdivision in East Boca Raton.

A rarely available Boca Raton dream estate located on an oversized waterfront point lot, abutting the intracoastal and access canal, offering both South and East direct water views and access. This Tuscan-styled estate was built in 2002 and provides 233 feet of water frontage, dockage for up to 75' yacht, almost 9,000 square feet of living space, 6 bedrooms, 8.5 bathrooms, 4 garages, elevator, home theatre, home gym/sitting room overlooking the waterway, pool and endless luxury.

Take a peek:

The professional landscaping greets you as you approach this extraordinary home. Enter and be impressed by the grand staircase with stunning wrought iron railings and an elegant statement chandelier. The luxury architectural details throughout the estate including coffered ceilings, crown moldings, grand entry foyer, custom mill work, imported marble and stone, chef's dream kitchen with high end gas appliances, dual refrigerators, spacious island, breakfast nook overlooking the water, large bar area and high-end elements throughout will leave you amazed at the thoughtful design and detailing to be found in every room.

The spacious master retreat offers beautiful design elements, a stunning fireplace and built in TV unit and connects to a private balcony overlooking the water. You can also overlook the water from the large soaker tub in the hers master en-suite.

Additional features include all new air conditioning units, first and second floor laundry, outdoor BBQ, generator and more.

This is an extraordinary opportunity to own a remarkable Boca Raton estate a rarely available oversized waterfront point lot!

For more information, reach out to us at 561.395.8418

Dec. 5, 2019

SMART Homebuyer Event - Is it for me?

YES! It is for everyone!!

We are so excited to invite you to our SMART Homebuyer Event! Do you want to learn the insider secrets of home buying? Then come learn with our special guest Matt Weaver of Cross Country Mortgage. Whether you are a first time homebuyer or an experienced buyer, you will DEFINITELY want to attend this event! And get this...just for attending, you will receive over $15,000 in discounts towards your next home purchase!

If you are looking to buy or sell real estate in Palm Beach or Broward County, feel free to give us a jingle at 561.395.8418. Or you can email us info@pbprealestate.com. We look forward to seeing you there.

TO REGISTER for the event click HERE

Someone currently owns a home, what value is there to attend the SMART Homebuyer Event?

Current homeowners should attend the event as we have found that about 60% of existing homeowners today are NOT in their ideal home. What we do is we go over a 5 step exercise to see if they can actually afford buying their ideal home. Interestingly enough, about 40% of the attendees end up understanding that they can do that and end up selling their home and then buying their ideal home.

If you are interested in looking for your ideal home, please join us at the SMART Homebuyer Event. We would love to see you there!

TO REGISTER for the event, click HERE

Say someone does not have closing costs...can they still buy a home? And should they be attending the SMART Homebuyer Event?

Absolutely! It is a question that I have been getting for many years - If I do not have closing costs, should I still go out and shop for a home? Look, on a $300,000 house, the closing costs would be anywhere from $8,000 to $9,000. It's a lot of money. At the SMART Homebuyer Event, what we do is we go over key strategies as to how to avoid them so that you do not have to come up with that type of money.

TO REGISTER for the event, click HERE

If someone doesn't have a down payment to purchase a home, should they still attend the SMART Homebuyer Event?

YES! Did you know that there are close to 5,000 homes for sale today in Palm Beach County that can be purchased without a down payment? Most people do not know that. At the SMART Homebuyer Event we go over in detail key strategies and loan programs that you can actually purchase a home without having a down payment whatsoever. We would love to see you there.

If you want to learn more, definitely attend the SMART Homebuyer Event.

TO REGISTER for the event, click HERE

So someone is an investor...should they attend the SMART Homebuyer Event?

YES! We actually go over in detail a program to where you can buy a duplex, triplex or even a quadroplex with as little as 3.5% down. It is a wonderful program and most people are unaware of this program. So if you are thinking about investing into Real Estate, I happen to think that you should be attending the SMART Homebuyer Event.

For any of you investors out there that are looking to put some money in an investment property, we would love to see you at the SMART Homebuyer Event.

TO REGISTER for the event, click HERE

You have found the PERFECT home, it is exactly what you want but it needs some renovations...so how do you get that home and the renovation monies that are needed to fix up the home?

At the SMART Homebuyer Event what we go over in detail is an actual program to where you can actually borrow $35,000 at closing to renovate the home to your liking. The renovations can include kitchen, bathrooms, roof, almost anything that you can possibly think of and you can actually borrow that money at closing.

So if you want to learn more about buying your perfect home and getting your renovation costs, definitely come to the SMART Homebuyer Event!

TO REGISTER for the event, click HERE

So if you are looking to sell your home and want to purchase your IDEAL home, or you are a first time homebuyer, or investor, and want to learn more about buying and selling real estate, definitely come to the SMART Homebuyer Event!

To register and see upcoming dates and locations, please click HERE and scroll down to read and learn more about the event. Dates fill up fast so be sure to register!

We are excited to see you there!


Posted in Events