Sales prices are up and Sellers are getting almost 95% of their asking price….
Buyer’s Closing Fee
Here’s one that surprises many Buyers. They show up to a closing and add up all the fees being paid to a Closing Agent they didn’t hire and have some sticker shock. I’ve seen some Closing Agents charge upwards of several thousand dollars to the Buyer to Close their loan. OK, here’s the way it works. In Palm Beach County it is ‘normal and customary’ for the Seller to choose the Closing Agent and the Title Agent. The standard Contract states that whoever chooses these two pays for their fees EXCEPT now the Buyer may be charged. The applicable section is:
“Seller shall designate Closing Agent and pay for Owner’s Policy and Charges, and Buyer shall pay the premium for Buyer’s lender’s policy and charges for closing services related to the lender’s policy, endorsements and loan closing, which amounts shall be paid by Buyer to Closing Agent or such other
provider(s) as Buyer may select; or”
There’s no easy way around this. The Closing and Title Agent are chosen by the Seller. They are typically referred to the Seller by the Listing Agent and often have an affiliated business relationship with the listing agent or the company that agent works for. One can either limit or cap these extra fees in the Contract, which is something that is almost never done, or the Buyer can and SHOULD request an estimate of the Closing agent and Title Agent fees while still in the as-is contingency period. Unfortunately they don’t come up until well after this in most cases.
Jupiter Storm Surge
I did an interesting thing just now. I went to the Army Corp of Engineers web site and looked at the projected storm surge for the
area around Jupiter and Palm Beach Gardens.
https://www.nhc.noaa.gov/nationalsurge/
What was interesting is all the area in Jupiter on the north side of Indiantown Rd and along Center St which would be flooded. The area I live in in North palm Beach despite being right on the water is really only inundated in a Cat 5 storms.
Indian Creek Swim and Tennis Club Inc. in Jupiter FL
Indian Creek Swim and Tennis Club Inc. in Jupiter FL
2041 S CENTRAL BLVD.
JUPITER, FL 33458
OK, here’s the deal with this place. Most of the ‘members’ at this club live in Indian Creek although you do not need to be a resident there to be a member. Some of the Condominiums have a membership in their documents. Some property owners have joined over the years. Now, the phone number for this entity is a closely guarded secret I have not yet uncovered, however, I have been told that there is a one time $500 fee to join and then $48 quarterly fee for use of the pool and tennis courts.
New HUD rule makes renting easier for those with a criminal past
Source: New HUD rule makes renting easier for those with a criminal past
This is an interesting read as HUD attempts to implement rules that reflect a supreme court ruling from last year.
Jonathans Landing Membership Changes 2016
Hi All, I just got an email announcement for a some changes to the memberships available at Jonathan’s Landing in Jupiter.
“We would like to update you on some changes in our Membership opportunities at Jonathan’s Landing Golf Club. Our Tennis Membership has been capped effective March 25, 2016, and a waitlist has been started for those who wish to join Jonathan’s Landing as Tennis Members. Our Sports and House Memberships remain available, but will be capped as well once the Membership is full, and waitlists will begin for each of those Memberships once the cap is in effect.
Our Renter Preview Membership will now be offered as a two year program rather than a three year program in previous years. There will also only be Golf Renter Preview Memberships available as the Tennis and House Renter Preview Memberships have been discontinued.”
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