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Altos Research

Ted Guarnero — Mon, 03 Aug 2009 22:55:18 +0000

Altos Research

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Altos Research

Ted Guarnero — Mon, 03 Aug 2009 22:17:21 +0000

Altos Research

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Jupiter Short sales

Ted Guarnero — Wed, 25 Mar 2009 19:08:22 +0000

If you have been paying attention to news about Jupiter Florida real estate market over the last year or so, you have probably noticed that there is a lot of talk going around about short sales in Florida. However, while most media outlets spend a lot of time reporting on short sales, they generally neglect to explain exactly what that means. A short sale property is one that is still owned by the homeowner, but that homeowner can no longer make their monthly mortgage payments and they owe more on the house than the house is worth. Instead of allowing a foreclosure to occur, the bank holding the mortgage makes a deal allowing the homeowner to sell the home for less than is owed and settle with the bank for that amount. As you may have guessed, purchasing a short sale property can be a great investment since you are getting it at a bargain price. In fact, right here in Palm Beach County, there are many fantastic short sale properties. Nevertheless, buyers must be aware that purchasing a short sale property is not the same as buying a regular home for sale. It is a longer, more intricate process, and the buyer should make absolutely sure they are represented by a Realtor who knows what they are doing. Ted Guarnero’s Short Sale Team is experienced in the short sale process, and will be able to help you decide if going after a short sale is the right decision given your unique wants and needs. Buyers interested in these bargain homes should expect a much longer closing process. It is not unusual to wait 4 to 6 months to close on a short sale property. Because there is such a delay in the time it takes to close, buyers also need to know that they are taking a risk in even making an offer at all. In a market where prices are dropping by 1% or 2% every month, a delay in the acceptance of an offer (common for short sales) can mean that once the offer is accepted, the home is no longer worth the offer price. Also, during the period in which the buyer is waiting to hear back from the bank, they are technically under contract and cannot consider any other homes on the market. Banks are most inclined to accept the offers of buyers who allow them to keep things as simple as possible. For example, a buyer offering cash is more desirable than one whose offer is contingent on financing. Buyers who ask for the seller to pay closing costs generally do not have their offers accepted on short sales, and those who expect anything other than an “as-is” contract are usually rejected as well. In the end, short sales can be a great bargain, just be sure to consult a knowledgeable professional, like you will find in The Ted Team located in Jupiter Fl, so that you are absolutely sure of what you are getting into. call Ted Guarnero P.A at 561-452-2550, Illustrated Properties 0 Comments

Ted Guarnero — Mon, 23 Feb 2009 22:28:18 +0000

Paseos Single Family homes Jupiter Fl

Looking for a home in The heart of Jupiter Florida
Single family homes from $300,000
Call Ted Guarnero at Illustrated for more information
561-452-2550
www.Tedsoldit.com

What is a short sale ?

Ted Guarnero — Tue, 27 Jan 2009 00:00:18 +0000

SHORT SALES

Anyone who has considered purchasing property in the last year or so is familiar with the term “short sale”. Still, many people are not quite sure what this term means. In order to be considered a short sale, the property must meet three criteria: (1) The homeowner still owns the property, but is no longer able to keep up with his or her mortgage payments, (2) due to market conditions, the homeowner is unable to sell the property for the amount still owed on the mortgage, and (3) the bank holding the mortgage recognizes this discrepancy and in order to avoid foreclosure proceedings agrees to settle the mortgage for less than the amount owed.

Because the bank has agreed to settle for less than the original amount due, short sale properties are often priced lower than their local competition. Of course, this bargain pricing makes the property extremely attractive to local buyers. As a buyer, you must recognize that although you can get a great deal as far as price is concerned, short sales are much more complicated that regular property sales, and you need to make sure you are represented by a Realtor who has extensive experience in the field. In Palm Beach County, short sales are plentiful. Many buyers are contacting The Ted Team to help them through the process.

Amongst other things, Ted Guarnero of the Ted Team is instrumental in explaining to buyers some of the differences between short sales and regular sales. For example, short sales take much longer to complete than most buyers are used to (they can take as long as 6 months or more). Also, since you are negotiating with the bank who is already unhappy to be taking a loss, requirements on the purchaser and the offer are going to be much more stringent. Finally, even after being locked into the contracted offer for several months (making it impossible to consider other properties), there is no guarantee that the bank will accept your offer. All of these reasons make it even more important to have an experienced short sale real estate professional on your side in order to minimize your risks and maximize your chance of getting a great deal! Call Ted Guarnero P.A. @ Illustrated 562-452-2550

Jupiter Florida short sales

Buying a foreclosure

Ted Guarnero — Mon, 26 Jan 2009 23:56:57 +0000

FORECLOSURES

Foreclosures are a hot topic in the real estate industry today. It seems that everyone is interested in them, but many potential buyers are not aware of what the purchase of a foreclosure really entails. First, it is important to understand the nature of a foreclosure. A foreclosure is a property that is owned by the bank because the homeowner for whatever reason could not continue making payments on the loan they secured to purchase the home in the first place. In order to recoup some of their losses, the bank took possession of the property, and needs to sell it.

The bank is not looking to make a huge profit on the sale of the home, just to recover as much of the original loan as possible. Because of this, most foreclosures are sold at prices below market value making them very attractive properties to potential buyers. But buyers be warned! Before you jump into the foreclosure market, make sure to retain professional representation from a Realtor who has experience dealing with foreclosures. In the Palm Beach County foreclosure market, contact Ted Guarnero with The Ted Team. Ted has the experience to know that dealing with foreclosures is unlike dealing with regular sellers, and he was the expertise to know the correct forms and contracts to use to protect your best interests as a buyer.

Even though foreclosures are generally offered at a great price, a buyer purchasing one is apt to encounter some bumps in the road along the way. First, remember that buying a foreclosure will take much longer than purchasing a regular home. You are dealing with the bank, a large institution that has to get through a lot of red tape. Be patient. Second, remember that buying a foreclosure will involve less negotiation on price and terms. With a regular seller, you might give in a little bit on price if the sellers agrees to some concessions on the terms. This is usually not so with a foreclosure. The bank decides what price and terms it is willing to accept and you either meet that criteria or you don’t. If you don’t, the bank has the luxury of being able to wait for the next buyer looking for a bargain price. And third, the foreclosure itself was a long process, and the property likely was not well maintained during that time. A bargain foreclosure price might mean making a lot of repairs to the home down the road. Again, foreclosures can be a great deal, just make sure you are prepared for the process! Call Ted Guarnero P.A.for more information at 561-452-2550

Jupiter foreclosures

Dining out

Ted Guarnero — Tue, 23 Dec 2008 15:51:02 +0000

Northern Palm Beach County Cuisine.

There are many restaurants and bars to choose from in Northern Palm Beach County. Whether you are in the mood for a burger, sushi, lobster or filet mignon there is no shortage of casual, waterfront or fine dining restaurants. A new addition to the area is The Lobster House, located on US 1 in Tequesta. It is a restaurant and seafood market that offers it’s customers affordable fast-casual counter service, but a nice dining area where waiters and waitress will come over to ask how it’s going and take your plates away for you. An array of seasonal fish, and lobster of course are always on the menu. There is also full bar service. A Jupiter favorite and a must go is the Food Shack, located at US 1 and Indiantown Rd in Jupiter, FL .There is always a wait at the Food Shack, season or not, but it’s worth it, order a glass of wine , you will not be disappointed after your meal. The Food Shack offers a Caribbean, tropical atmosphere with an interesting menu. Fresh fish is their thing, but there is gumbo, soups, land lover favorites and fresh made desserts. Also in Jupiter, there is Tapica Grill located on Indiantown Road, Tabica Grill’s outstanding food, unique casual ambiance and genuine neighborly friendliness has made it a favorite of Jupiter residents. If steak is on your mind, visit Barrymore’s Prime Steak and Chops, on US 1 In Tequesta, for fine dining in a casual atmosphere, northern palm beach county residents can enjoy prime rib and filets, succulent lamb chops, delicious seafood and fresh lobster, plus a variety of fine liquors, cognacs, martinis, and more. Barrymore’s is the best of Palm Beach restaurants. For Sushi and Hibachi Japanese cuisine, visit Masas Sagami in Abacoa. Masa himself is usually there and says hi to all of the patrons. The chefs are schooled in the art of preparing deliciously scrumptious entrees at your table. Masas Sagami has the best Hibachi dinner in the county, the atmosphere is fun and family friendly you will definitely go back a second and third time. In the mood for Italian Food, Grande’s Bella Cucina on Donald Ross Road in Palm Beach Gardens, is incredible. The food is authentic, the service is impeccable and the location is inviting. There is also a café/market adjacent to the restaurant serving pizza, sandwiches, coffee and pastries. Grande’s Bella Cucina offers home cooked Italian favorites, with quality ingredients and freshly prepared pastas and breads. For more information on the areas best dining, visit the Palm Beach Post and the restaurant section.

PBC Culture and events

Ted Guarnero — Tue, 23 Dec 2008 15:49:14 +0000

Palm Beach County Culture and Tours

You’re here in Palm Beach County, one of the largest counties east of the Mississippi River. Either you just moved here or you are on vacation, welcome to this beautiful place. There are multiple municipalities and unincorporated areas including Jupiter, Palm Beach Gardens, Juno Beach and West Palm Beach offering the best in attractions, resorts, festivals, natural reserves, cultural venues and sporting activities. Palm Beach County has 47 miles of stunning Florida beaches and the best cuisine in at more than 2,000 Palm Beach restaurants. Just to name a few places to get you going, visit The West Palm Beach Antique & Collectibles Show, generally the first weekend of every month – November through June; Worth Avenue Walking Tours, walks take place at 11:00 am on selected days of the week. For more information on the walk, please call 561.659.6909;

Evening Turtle Walks May – July 9:00 p.m. Loggerhead Marine life Center. Turtle Walks are designed to allow visitors to observe the nesting process of threatened Loggerhead Turtles without disrupting the turtles; Sunset Celebration & Art Show.

Every Thursday at Sailfish Marina, Resort and Restaurant on Singer Island. A free weekly Thursday evening Art Show featuring over 35 artists, live local musicians and great food and drink;

Guided Nature Tours at John D. MacArthur Beach State Park, North Palm Beach. Explore the diverse habitats in this beachfront park, on guided nature walks or shaded tram tours.

Sailing on the Mariah Tuesday: 10:00 a.m. – 1:00 p.m.; Thursday: 10:00 a.m. – 1:00 p.m.; Sunday: 1:00 p.m. – 4:00 p.m. North Palm Beach Marina Come feel the magic of sailing, the thrill of the Atlantic Ocean. Mariah is a 47-foot, catamaran sailboat;

Yappy Hour at Abacoa Town Center 5:00 p.m. – 7:00 p.m. Meet for Treats at Abacoa Town Center the last Wednesday of every month from. Bring your dog for fun and activities to all our dog friendly restaurants and meet fellow dog lovers. Free;

Beach Walk

Ted Guarnero — Mon, 08 Dec 2008 01:43:09 +0000

Beach Walk

Located in Jupiter, FL 33477, Beach Walk is an intimate enclave of only five newly constructed CBS custom-made two- and three-story homes all with metal roofs and pools. The homes at Beach Walk have the finest fixtures and fittings designed with style and flair. Beach Walk provides its residents privacy in this sunny beach community, Beach Walk is located just 10 minutes from major highways, fine dining, shopping and about 20 minutes from Palm Beach International Airport. The common area features: Automatic Entry Gates, biking, jogging areas and only steps to beautiful Jupiter Beach from your private walkway. Beach Walk Estate homes typically start at $2million and up. If you are looking for superior new construction, beachfront access and proximity to all that Jupiter, FL has to offer, then Beach Walk is the address for you.

See all of Jupiter Florida real estate or Call Ted Guarnero @ Illustrated : 561-452-2550

Cypress Ridge ~Tequesta Florida

Ted Guarnero — Tue, 02 Dec 2008 20:10:50 +0000

Cypress Ridge Tequesta Florida

Rarely does one find a custom built home By a renowned custom builder with top of the line finishes, crown molding,insulted windows,upgraded tile,granite and stainless steel appliances, a tropical pool with pavers and a paver driveway all for under $430,000. See all The pictures and more Info @ Cypress Ridge Tequesta Florida

Private location in Tequesta ( Cypress Ridge )

CBS construction

3 bedroom split floor plan

Seperate living room and family room

Low HOA of $150 a year

Close to Jupiter Beach

For more information call Ted Guarnero @ 561-452-2550