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The contrast of Past and Present | Boca Raton Real Estate

If you are looking to buy Boca Raton real estate in the 1970s two or three hours before closing you would do an initial inspection of the property. Yes that’s right I said the initial inspection. He would walk through the house probably check to be sure the seller’s items were out turn on the sinks, flush the toilets, flip the air on to make sure it’s cool, then flip the heat on to make sure it smells and off he would go to closing. If there was a problem with something at the house you try your best and negotiate through it at the closing.  Yes back then it was “caveat emptor,” or let the buyer beware. If the buyer didn’t notice something it was his tough luck and the seller didn’t need to contribute anything to enhance the buyer’s knowledge of the property.

Fast forward to today when you buy Boca Raton real estate it’s a whole different story.

To start with most buyers will expect a seller’s property disclosure report which is normally a five page document in the form of questions and answers to describe what the seller knows about the condition of their property. The seller doesn’t need to pay to have a report done in order to fill out the form but they need to be honest and described to the best of their current knowledge the condition of the property. If they don’t know something they can certainly put that they don’t know it and that’s acceptable as long as it’s true. The current contracts that are used for the most part do not condition for this seller’s disclosure but most buyers these days expect the report. If you are using a broker to buy your Boca Raton real estate nine times out of 10 you’ll bring up this topic and pursue getting a report from the seller if at all possible.

 

 

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Vacant Boca Raton Real Estate Purchasing continued from previous post

This post is continued from the previous post about buying Boca Raton real estate that is vacant. Having a survey is imperative if you plan to build a pool, built onto your house, or doing just about anything you want to on your property. oh I mentioned about the importance of having a survey in the event you need flood insurance. When ordering your survey be sure that the surveyor includes an elevation. If you’re in a flood zone when buying Boca Raton real estate and the elevation is included on your survey that will be a necessity in order to come up with your flood insurance price.

also be sure to check if there are no sewer and water lines available to the property whether or not the city has plans in the future, maybe the very near future, to put the lines in. If they planned to put the lines in you may be assessed a great deal of money at that time. And even if there is no plans to put in a lines at this time you check you can pretty well planned that if you own Boca Raton real estate for any period of time sooner or later they’re going to put in water and sewer. Another thing you need to check out is what needs to be cleared from the lot in order to build. Even more important is not what can be cleared from the lot in order for you to build. Whether you’re buying Boca Raton real estate or real estate in areas surrounding Boca Raton you may be restricted as to what trees and shrubbery etc. can be removed from the property. You also need to know how much fill may be needed in order for you to be within the guidelines of the city building code. Fill, or sand needs to be brought in many times to get the lot to the right height to build house of your dreams. This can be very expensive so be sure to check it out. Are you still wanting to build or maybe buy? maybe you’re considering buying Boca Raton real estate instead an awful lot of people look at buying vacant land so they can build exactly what they want and then end up realizing is just too much to worry about and they buy a home that’s already constructed.

Okay let’s move to the possibility of buying your lot on the water. If you buy a home which backs to water you need to be concerned about erosion. Especially when buying Boca Raton real estate because here we have no dirt we only have sand. If you’re buying on the water you have that much of the greater chance of needing soil stabilization due to possible mark on your lot. Then stabilization is usually done in a couple different ways. One might be pressure grouting which is much cheaper than the second alternative. Pressure grabbing is when they inject cement into the ground to stabilize the slab which your house will be built on. The second method is to use pilings which are driven down into Boca Raton real estate to the point when they hit coral rock. The coral rock is used to stabilize the pilings and the pilings are used in turn to stabilize the foundation of your home. The way you discover what type of stabilization you’ll need if any is by ordering a soil test.

One more thing concerning buying Boca Raton real estate on the water. If you don’t have a sea wall you can count on the property slowly eroding and dropping down in the back. Just like when you go to the beach and sand eventually erodes out to see so will the back of your lot in road into the canal on which it’s located. To prevent this is a good idea to get a sea wall. Yes your right seawalls cost lots of money.

oh one more thing to keep in mind after you bought your Boca Raton real estate lot and you put in your seawall remember you probably should get a seawall inspection once a year to see what kind of shape your seawall is in.

 

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Buying vacant Boca Raton Real Estate

It seems like almost everybody when deciding to buy Boca Raton real estate or any other real estate area considers buying vacant land looks into the possibility of buying vacant land.  There are a few things to keep in mind as you consider that possibility.

If you are looking at a lot in a subdivision which already has quite a few homes including homes on each side of the lot and it is a landlocked lot you would want to know if municipal sewer and water are available to the lot.  If the property does not have sewer lines available you would need to get a septic tank. When you buy Boca Raton real estate is pretty well expected on resale that the property has a sewer line available. It is also quite well expected that you should have water that is city water available to the lot. In the event when you buy Boca Raton real estate you don’t have either of these available you can plan to not only have a tough time selling the lot or the house and lot you will also not get the market value of a comparable property that does have sewer and water available.  Something else to consider is whether or not the lot is stable enough to support a home. In many parts of the country and even in the South Florida area things can be dumped on a lot and be covered by sand over the years. There could also be water which creates mock in the property to destabilize it. For these reasons it’s good to get a soil test before buying Boca Raton real estate. Of course you don’t want to spend the money for inspections but it can be well worth it so you actually know what you’re buying for your money. Another thing you’re going to need is a survey. Okay it’s another $400 give or take but again it’s money well spent on buying Boca Raton real estate. This the survey will show exactly where your home lies on the lot and if there any encumbrances such as your neighbor’s fence going over the side lot line into your property. The survey will also show possible easements on the property. Users are somebody else’s right to trespass on your property. Normally the power company has an easement which is not unusual but it’s still good to know if and where they exist on your property. Another reason to get a survey is because certain exceptions on your title policy can be deleted if the survey is reviewed prior to closing. Another reason to get a survey is you may get a reduction in your flood insurance should you be in a flood zone.

 

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