Foreclosure happens when owners stop making payments on their mortgages. The bank takes over the properties that are collateral for the loans. The bank then sells them in hopes of recouping all or some of its losses. Often banks sell these homes at reduced prices.
You may want to snap up one of these bargains if you are house hunting! Keep in mind, however, that while you may save money on the asking price, you most likely will pay other costs for inspections and repairs.
- Buying a foreclosure is risky because of the condition of the house and the potentially slow process. Any mistakes can be expensive.
- Be sure to have a competent Real Estate agent who can help you with the complexities of purchasing a foreclosed home. If the price is a real steal, expect other buyers and agents to be vying for it.
- Do your research and don’t end up paying more than you intended in a bidding war.
- You may have to be patient while the process drags on. Do not expect to negotiate. Banks have set a price and are rarely in a hurry.
- And you will move into a house that most likely needs appliances and possibly serious repairs.
- Never ever skip an inspection, if you can have one. Foreclosed homes often have gone through a tough time as previous owners’ finances suffered, and sometimes they have been empty a long time. Be sure you know what you are getting into because bank sales are AS IS.
Buying a foreclosed property requires a leap of faith, proper preparation, and the guidance of a helpful real estate agent. Contact the Scherer Team at 888-300-4431 to see how they can help you learn if buying a foreclosure is right for you!
You have plenty of options for fun activities this spring in Palm Beach County – from music to art to late-night graveyard tours!
If you like festival fun and hot music, you do not want to miss Sun Fest during the first week of May, with art vendors, fireworks and every type of music under the sun. It happens all along the Intracoastal waterway in downtown West Palm Beach.
Before it gets too hot, take a hike through the only state park in Palm Beach County: John D. Macarthur Beach State Park. With two miles of beaches, kayak rentals, and hiking trails, plus a monthly Cruisin’ Food Fest & Concert Series, you can’t miss.
If the temperatures outside are already too much for you, go for art and culture in air conditioning: Check out the unusual and beautiful Glasstress exhibit at the Boca Raton Museum of Art. This exhibit displays examples of glass art work from Murano, Italy. “The results challenge our notion of glass as a ‘beautiful’ material and encourage us to explore the bold, political, and sometimes less than pristine aspects of the medium,” explains the museum’s website.
And now for something completely different: make a reservation for a moonlight graveyard tour in downtown West Palm Beach. Not a haunted tour, but a history of our little spot in paradise told by the gravestones of the pioneers who settled the area. The tours are held only when the moon is full at Woodlawn Cemetary, not far from the Norton Art Museum. Bug spray is highly recommended. For reservations, call 561-804-4900.
Ciao! The Italian-inspired neighborhood of Bellagio does the impossible: This premiere active adult neighborhood takes the active part of its description quite seriously. At the same time, the tranquil landscaping and elegant clubhouse evoke the serenity of an Italian vacation. Yes, you never had it so good!
Bellagio is a neighborhood in western Lake Worth, with 560 acres and approximately 1100 homes. While the community bustles with active adults playing tennis, swimming and enjoying entertainment at the clubhouse, the pristine setting with a network of lakes and preserves reminds you that this is a little slice of paradise.
Take a tour with Laurie Scherer that begins at the two stylish graceful manned gatehouses. Visit the 10 lighted tennis courts that include everything from lessons for novices to league play for the enthusiasts. Consider a dip in either the elegant heated outdoor pool or the serene indoor pool at the clubhouse.
Speaking of the 36,000-square-foot clubhouse, Club Bellaggio has a full-time staff to direct the diverse social, recreational and sports activities of the active neighbors and friends who live in the community. The Clubhouse includes a theater, a billiards room, a dance floor and a fitness center. Back outside, you can enjoy yourself at the putting green, shuffleboard courts or bacci courts.
You can’t be bored here. As Laurie says, this is a great place to live, play and work. Join Laurie for a video tour of Bellagio right now!
What is the buzz on coffee shops in Palm Beach County? Yes, you DO have options beyond the ubiquitous chains. Caffeine cravings and a desire for a cooler vibe will be satisfied at one of these fine and funky establishments:
West Palm Beach
Subculture, on Clematis Street, is known for divine coffee flavors and a cool vibe. “The taste of their lattes that feels like magical healing when you take the first sip. Maybe it’s the poet in me, or maybe I’m just addicted to caffeine,” a regular says. Try the brown sugar/coconut lattes for a new twist.
Visit C Street, also on Clematis Street, for lattes and fun ambiance. This café goes late night with beer and wine and tapas. Its focus is on local and vibrant. From yummy food to Jazz Thursdays, you will enjoy yourself here.
Harold’s Coffee Lounge, in Northwood Village, is kid-friendly and pet-friendly, but also takes its coffee very seriously. It treats coffee as science as much as art. Their motto? “Harold’s is where Science and Nature meet to discuss the Universe.” Events such as open mic nights and painting parties bring a dash of art back into that science.
Oceana Roasting House and Café, on Old Dixie Highway, has comfy couches and a giant green monster roaster you can’t miss in the corner. The delicious aroma of coffee awaits those in the north end of the county.
Coffee District is just off Atlantic Ave. and provides great coffee and fast wifi. What more does a caffeine fan need? How about outdoor seating and fabulous desserts too! This spot is also popular as a craft beer and wine bar later in the day.
Bored by your abode? Here are 5 easy and inexpensive (some free!) things you can do to energize your castle.
- Declutter. Rather than spend money to add new things to your residence, take time to reduce objects instead. Throw out unnecessary papers. Return borrowed items. Donate excess toys, books, knick-knacks and kitchen clutter to charity. Your home and your spirit will feel lighter.
- Rearrange. Another no-expense option is to rearrange the furniture and artwork you already own. Don’t let routine get you into a rut. Change the position of the couch and easy chair in the family room. Move book shelves to an opposite wall, and rearrange the books and objects on them. Swap artwork from one room to another. You’ll see beloved objects in a new way and transform your home at the same time.
- Freshen up. If you want to spend a little money, your best deal is paint. Consider changing the color of a room or a piece of furniture. A fresh shot of color or even a clean blank slate will make any space feel new again.
- Add Spring. April is the wrong time to plant flowers outside in South Florida, so instead purchase a flowering plant for inside your home. This will last longer than cut flowers anyway and bring a feeling of spring to your house.
- Focus on foyer. If money and time are limited, focus only on the entrance of your home. Get more effect for your effort by having that fresh paint or decluttered shelves be the first thing you and guests see as you walk in. That transformative feeling will make its impact right away.