Jupiter Florida Real Estate: Jupiter FL homes for sale and sold during May 13-June 13, 2009
June 14, 2009, Jupiter FL - During the last 30 days Jupiter Florida homes generally sold for about 91% to 92% of asking (list) price. There were 109 sales; 15 of which were short sales.Short sales generally sold for 92% to 96% of asking price.In the Jupiter Florida real estate area the average sales price of all single family homes, condos and town homes combined was almost $369,000.The highest sale was for $4.1 million and the lowest was for $65,000. Statistical information on short sales is found on the "read more" pages of this article.
However the differences in the prices of Jupiter FL homes sold in the zip code sectors varied as shown in the tables farther down in this article (click on "read more" below).
Jupiter Zip code 33477 is mostly within walking distance to the ocean and has proportionally more condos than the other two areas.On average the homes sold in zip 33477 went for almost $267 a sq. ft.
Zip code 33458 is about 3 miles inland and includes the large neo-traditional planned community of Abacoa.Homes in zip 33458 are of a wide variety of new and old, single family and multi-family living situations; they on average for about$138 a sq. ft.
Zip code 33469 encompasses parts of Jupiter and Tequesta; it has many luxury waterfront homes, more age restricted communities than the others and also includes some of the older residential single family and condo neighborhoods. The average sales price per sq. ft. during the last 30 days in zip code 33469 was $220.
What contingencies should be put in an offer to purchase Jupiter Florida real estate?
Most offers to purchase Jupiter FL homes for sale include two standard contingencies: a financing contingency, which makes the sale dependent on the buyers' ability to obtain a loan commitment from a lender, and an inspection contingency, which allows buyers to have professionals inspect the property to their satisfaction.
A buyer could forfeit his or her deposit under certain circumstances, such as backing out of the deal for a reason not stipulated in the contract.
An impound account is a trust account established by the lender to hold money to pay for real estate taxes, and mortgage and homeowners insurance premiums as they are received each month. These expenses are added together and then apportioned to each of your monthly mortgage payments so the lender has the funds from you to pay these expenses when they are due.
FSBO or Agent, Which Is Best For Selling Your Home in the Jupiter Florida real estate market
With the growth of the Internet, the prospect of 'going' FSBO — For Sale By Owner — as a method for selling your Jupiter Palm Beach area home is more attractive than ever.
One of the largest expenses involved in selling a property is the payment of a real estate agent's commission — often in the 6% to 7% range. But agents do earn their money, by providing expertise on the market and sales process, by using a variety of marketing tools available to Realtors®, by advertising widely and by assisting in the negotiation and closing phases of a sale.
Still, 6% of $200,000 is $12,000 and many find the prospect of keeping that money for themselves irresistible. Studies conducted in 2008 by the National Association of Realtors show that people said the most important reason for selling home As FSBO is:
Did not want to pay commission fee: 44%
Sold it to a relative / friend / neighbor: 27%
Buyers contacted seller directly: 14%
Agent was unable to sell home: 6%
Did not want to deal with an agent: 5%
Seller has real estate license: 2%
Could not find agent to handle transaction: 1%
Other: 1%
Here are some things to consider when deciding whether to use a real estate agent or 'go' FSBO.
Property taxes on all Tequesta Florida real estate, including those levied by state and local governments and school districts, are fully deductible against current federal income taxes.
Zip code 33458 is about 3 miles inland and includes the large neo-traditional planned community of Abacoa.
