The Most Classic Personal Development Recording of All Time

by Rodney Forbes on November 11, 2009

This is a recording of Earl Nightingale in the most popular personal development recording of all time. Listen at your own risk of changing your life!

The Strangest Secret – Earl Nightingale

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Palm Beach Gardens Best Golf Value

by Rodney Forbes on October 26, 2009

If you’re an avid golfer or just like to ride in a golf cart and enjoy the scenery, you can’t do much better than the Palm Beach Gardens golf club. Located on Northlake Drive west of the turnpike, this golf course is Palm Beach Gardens best kept secret. Built on a nature preserve, it’s scenic and feels like a private course.

Rates are incredibly affordable, and they even have special morning and twilight rates. If you’re a Florida resident you get special rates, and even better if you’re a Palm Beach Gardens resident. Come on out and enjoy!

By: Rodney Forbes for the South Florida Real Estate Report

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$8000 Tax Credit to be Extended in Palm Beach County?

by Rodney Forbes on October 22, 2009

As the November 30th deadline approaches to take advantage of the federal $8,000 First Time Home Buyer Tax Credit just about everyone in the real estate business, including buyers and sellers, are hoping the credit will be extended into 2010. The tax credit has a lot to do with the turn around in the Florida real estate market, particularly in Palm Beach County.
1st time buyer

Members of Congress have been calling for an extension, some are proposing to expand the credit to everyone, not just first time buyers. As the November 30th deadline approaches many buyers are scrambling to take advantage of the tax credit.

Whether or not the tax credit will be extended is anybody’s guess. If the federal government wants to continue the road to economic recovery, it would be smart of them to look back at the positive impact of the current tax credit on the national economy. If they do, the decision to expand the credit to 2010 should be an easy one.

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog.  You can also call 561-337-4810.

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Do Banks Really Accept Short Sales…Myths and Facts Part 3

by Rodney Forbes on September 20, 2009

The 3rd video in our series of short sale myths and facts answers on of the most often asked questions about short sales. Do banks really accept these short sale offers?

The short answer is yes. Just make sure that you have an experienced short sale realtor working with you, no matter whether you’re a seller or buyer.

Rodney Forbes, broker for Forbes Realty of South Florida, and Certified Short Sale Specialist, works almost exclusively with short sale in the Palm Beach County area, particularly in Palm Beach Gardens, Jupiter and West Palm Beach.

If you have any questions or comments concerning your particular situation, and whether a short sale may be right for you, contact Rodney directly at 561-337-4810 or click here to vist the South Florida Real Estate Report blog site

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Short Sale Myths…and Facts Part 2

by Rodney Forbes on August 31, 2009

This is the second video in the Short Sale Myths and Facts series. We will continue to uncover the facts with regards to short sales.

Rodney Forbes, broker for Forbes Realty of South Florida, and Certified Short Sale Specialist, works almost exclusively with short sale in the Palm Beach County area, particularly in Palm Beach Gardens, Jupiter and West Palm Beach.

If you have any questions or comments concerning your particular situation, and whether a short sale may be right for you, contact Rodney directly at 561-337-4810 or click here to vist the South Florida Real Estate Report blog site

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Palm Beach County Short Sale Myths…Part 1

by Rodney Forbes on August 31, 2009

This video is the first part in a series regarding real estate short sales. There have been many misconceptions or “myths” about what can and can’t be done concerning short sales.

Rodney Forbes, broker for Forbes Realty of South Florida, and Certified Short Sale Specialist, works almost exclusively with short sale in the Palm Beach County area, particularly in Palm Beach Gardens, Jupiter and West Palm Beach.

If you have any questions or comments concerning your particular situation, and whether a short sale may be right for you, contact Rodney directly at 561-337-4810 or click here to vist the South Florida Real Estate Report blog site

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Palm Beach County Real Estate…Celebrate or Wait?

by Rodney Forbes on August 31, 2009

Breaking News: Case/ Shiller Housing Index Shows Second Month In A Row Of  INCREASE IN SALES!

champaign-200x300We have been seeing continued reports of the strengthening of the national real estate market. Certainly in Palm Beach County Florida, one of the first and hardest hit areas in the country, the numbers have continued to move positive.

In areas such as Palm Beach Gardens, Jupiter and West Palm Beach, short sales and bank owned foreclosures are making up a large part of the pending home sales as first time home buyers are rushing to take advantage of the low interest rates, the First Time Home Buyer Tax Credit, and home prices that haven’t been seen since 2004. Many homes in the area are actually having multiple offers presented.

The following excerpt provides speculation the long awaited end to the real estate crisis may be at an end.

The national home-price index released on Tuesday rose for the second straight month in June, fueling hopes the housing downturn, which is in its third year, is waning. Still, the index was off roughly 15% in the second quarter from the year-ago period. See Economic Report.

In a teleconference Tuesday, Shiller was reluctant to call a definitive bottom in home prices, saying he’s seeing “conflicting signals” in the housing market.

Well then, I will do it. There is a clear bottom in most housing markets for homes that are less than $200,000. Will this last? I think it will. There first time buyers and investors out there that there won’t be any further significant value decreases for homes less than $200k. Now, with that said, if the ‘First Time Buyer Credit of $8,000′ is not renewed….and if the banks make the mistake of dumping too many foreclosures on the market too fast…all bets are off.

On the positive side, the rise in home prices in May and June is a “sudden break in momentum” from years of nearly steady, punishing declines that may signal a turning point. “The roller coaster is now going up,” Shiller said.

Yet he noted what appeared to be a housing recovery in early 2008 “fizzled” when prices resumed their decline. And a long-term chart of home prices makes it look like “we are still in the process of a bursting bubble.” Shiller expressed “great reluctance” to forecast where prices will go from here with the U.S. economy in the midst of the most severe recession since the Great Depression.

Where will prices go? There WILL BE more depreciation for the more expensive…non first time buyer/ Investor price ranges. In some cases this depreciation will be dramatic. We are predicting that the next wave of foreclosures will force the ‘upper end’ housing markets to lose as much as 30%+ over the next 12-24 months.

“Unemployment looks like a bad indicator for the housing market,” Shiller said.

There are other challenges that could snuff out the nascent revival in home prices. One of the biggest threats is the mounting wave of foreclosures as more strapped borrowers struggle to meet their monthly mortgage payments. The First-time buyer tax credit is set to go away in November, and rising interest rates could also dampen sales, economists say.

The First-time buyer tax credit is set to go away in November, and rising interest rates could also dampen sales, economists say.

Indeed, recent experience has taught homeowners that prices can be very volatile, said David Blitzer, chairman of the index committee at S&P, during Tuesday’s call.

On a national level, home prices are back to levels last seen in 2003, but the cities that saw the biggest run-ups also fell the hardest.

“The idea that they could never go down was wrong,” Blitzer said.

He added the data coming out of the housing market in recent months have been encouraging, but warned against breaking out the champagne just yet. Commenting on so-called shadow inventory, he said many sellers have been waiting for an uptick in house prices to put their homes on the market, Blitzer said. This could exacerbate the supply glut and push a recovery further into the future.

Source: MarketWatch.com

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.

 Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc. Rodney has co-authored the book “Should I Short Sale My Home?”. Get your FREE copy at www.SouthFloridaRealEstateReport.com

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Short Sale Myths…and Facts Part 2

by Rodney Forbes on August 30, 2009

Watch this video to learn the facts about short sales. Rodney is a short sale specialist in Palm Beach Gardens Florida. If you have any questions as to whether a short sale is right for you, call Rodney at 561-337-4810, or visit his real estate blog at http://SouthFloridaRealEstateReport.com

Posted via web from rodneyforbes’s posterous

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Uncle SamWith the real estate market in south Florida still trying to recover, so much attention has been given to the $8000 First Time Home Buyer Tax Credit. It certainly has helped with getting many buyers off the fence to take advantage of affordable home prices and low interest rates.

So much attention has been given to the Federal tax credit that it seems no one know about the Florida Down Payment Assistance Loan. This program is designed to help low to middle income families with the down payment to purchase a home.

It is a Florida bond program and is based entirely on income. For example, a family of 4 in Palm Beach County must make less than $75,400.

There are restrictions, but you don’t have to be a first time home buyer under certain circumstances. The money doesn’t need to be paid back if you stay in the home for the term of the loan or until the loan is satisfied.

You can get more information on the program from The Florida Housing Finance Corporation.

Prices have been kept low due to the flood of bank owned foreclosure and short sales. But with homes sales incresing in many areas, particularly in Palm Beach and St. Lucie counties, this could be the perfect time to buy.

Before you make a move, be sure to investigate all forms of home buyer assistance.

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website.For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.

 

Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc.Rodney has co-authored the book “Should I Short Sale My Home?”. Get your FREE copy at www.SouthFloridaRealEstateReport.com

 

This program, added to the $8000 First Time Home Buyer Tax Credit could give you a total government assistance of $18,000!

Posted via web from rodneyforbes’s posterous

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The Perfect Storm

With all the rain we’ve had in south Florida over the last week (I can’t believe it either) I’m reminded of the movie “The Perfect Storm” with George Clooney.

Once every 20 or 30 years a series of weather events combine to create “the perfect storm”. You know the movie. Unfortunately, this perfect storm didn’t work out so well for George Clooney and his crew.

The current real estate market in south Florida and the national economy in general has created our own version of a “perfect real estate storm”. If you are a buyer or potential buyer of real estate in the south Florida area the conditions may never be better for you.

Here are the current market conditions as I see them (at least in my area of southeast Florida:

  1. Average home prices are at 2003-2004 levels
  2. Long term fixed rate mortgage rates are around 5% (historic lows)
  3. The government is doing everything it can to rebound the economy, starting with the real estate market
  4. $8000 First Time Home Buyer tax credit continues to draw in buyers
  5. The first group of baby boomers are retiring. The top choice of places to retire is still Florida
  6. Florida has no state income tax.

These and other factors will continue to move the real estate market. How long will it take for the real estate market to really improve? Who knows, but my guess is Florida, especially south Florida will lead the country in the real estate recovery. Smart buyers may very well look back years from now and remember this time as the perfect real estate storm, and a good one!

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.

 

Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc.

 

Originally posted on May 22, 2009, this scenario is more real now. As a matter of fact, when I first wrote this piece, many people thought I was crazy!

Posted via web from rodneyforbes’s posterous

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