GLOSSARY

The defines of baby boomer is the post-war baby boom, occurring between 1946 and 1964, determines who is a baby boomer. This means that, as of 2020, baby boomers are between 56 and 74 years old 

 Age-Restricted n Florida, a 55+ community is an age-restricted housing community for aging adults looking for a comfortable and convenient living space. Roughly 80% of units throughout the community are occupied by someone at least 55 years old, if not older. 

 When a buyer is interested in purchasing a property that is already under contract with someone else, that buyer has an opportunity to submit a “backup offer”, in case the first transaction falls apart. A backup offer must still be negotiated and any monies, such as earnest money, submitted, to confirm it is the next offer in line. There can only be one backup offer legally, as you cannot have a backup to the backup. 

 A buyer’s agent, also known as a selling agent, is a licensed real estate professional whose job is to locate a buyer’s next property, represent their interests by negotiating on behalf of that buyer to obtain the best price and purchasing scenario for that buyer as possible. This agent is a fiduciary for the buyer. 

Closing costs are an assortment of fees, including fees charged by: a lender, the title company, attorneys, insurance companies, taxing authorities, homeowner’s associations, real estate agents, and other closing settlement related companies. These closing costs are typically paid at the time of closing a real estate transaction.

Learn more 

The generation of baby boomers are highly motivated to buy house. Baby boomers increasingly say they are purchasing a home to live closer to friends and family due to retirement or a desire for a smaller home.  Most current survey found that Baby Boomers love to entertain and want an open floor plan in addition, they have lots of stuff. So even though they want to downsize, they also need lots of storage in the kitchen and the garage. 

 The majority of millennials likely grew up with smart technology and are looking for homes that come with smart features such as smart locks, home security, automatic lighting, and Nest thermostats. They want to be able to control their heating and cooling system, as well as appliances, with an app. Updated kitchen. 

This are listed and active home listings from regional MLS (Multiple Listings Services)

  A homeowner’s association is a private association that manages a planned community or condominium. When you purchase a property that is managed by an HOA, you agree to abide by the HOA’s rules and pay its monthly or annually HOA dues. If you fail to pay and/or comply, they often have the ability to file a lien against the property and/or foreclose on the property. 

 An inspection happens when buyers pay a licensed professional inspector to visit the home and prepare a report on its condition and any needed repairs. The home inspection in Florida often happens as part of the due diligence period, so buyers can fully assess if they want to buy a particular home as is, or ask the seller to either complete or pay for certain repairs. 

 The listing agent, also known as the seller’s agent, is a licensed real estate professional whose job is to market the seller’s property, and to represent the seller’s best interest by negotiating on behalf of the seller to secure the best price and selling scenario as possible. This agent is a fiduciary for the seller.

Buyer and listing agent commissions are each typically 2-3% of the contract price in each sale. Learn more 

The millennial generation is defined as anyone born between 1981 and 1996, which means anyone between the ages of 27 and 42 in 2023 

 Regional MLS (Multiple Listings Services) works like a storage off all data of sold, pending and current listed for sale homes in Palm Beach County and surrounded counties.

 Hiring professional Homesellers Realty Agent to sell your home. The service includes marketing and full representation from listing to closing table.

 An actively licensed real estate agent and REALTOR® are often used interchangeably, although not every real estate agent is a REALTOR®. A REALTOR® is a member of the National Association of REALTORS® (NAR).

A REALTOR® promises to uphold the Code of Ethics of the association and to hold each other accountable for when serving the public, customers, clients and each other, with a high standard of practice and care. Homesellers Realty Inc. is registered with NAOR.

The defines of baby boomer is the post-war baby boom, occurring between 1946 and 1964, determines who is a baby boomer. This means that, as of 2020, baby boomers are between 56 and 74 years old 

 When a buyer is interested in purchasing a property that is already under contract with someone else, that buyer has an opportunity to submit a “backup offer”, in case the first transaction falls apart. A backup offer must still be negotiated and any monies, such as earnest money, submitted, to confirm it is the next offer in line. There can only be one backup offer legally, as you cannot have a backup to the backup. 

 A buyer’s agent, also known as a selling agent, is a licensed real estate professional whose job is to locate a buyer’s next property, represent their interests by negotiating on behalf of that buyer to obtain the best price and purchasing scenario for that buyer as possible. This agent is a fiduciary for the buyer. 

Closing costs are an assortment of fees, including fees charged by: a lender, the title company, attorneys, insurance companies, taxing authorities, homeowner’s associations, real estate agents, and other closing settlement related companies. These closing costs are typically paid at the time of closing a real estate transaction.

Learn more 

The generation of baby boomers are highly motivated to buy house. Baby boomers increasingly say they are purchasing a home to live closer to friends and family due to retirement or a desire for a smaller home.  Most current survey found that Baby Boomers love to entertain and want an open floor plan in addition, they have lots of stuff. So even though they want to downsize, they also need lots of storage in the kitchen and the garage. 

 The majority of millennials likely grew up with smart technology and are looking for homes that come with smart features such as smart locks, home security, automatic lighting, and Nest thermostats. They want to be able to control their heating and cooling system, as well as appliances, with an app. Updated kitchen. 

This are listed and active home listings from regional MLS (Multiple Listings Services)

  A homeowner’s association is a private association that manages a planned community or condominium. When you purchase a property that is managed by an HOA, you agree to abide by the HOA’s rules and pay its monthly or annually HOA dues. If you fail to pay and/or comply, they often have the ability to file a lien against the property and/or foreclose on the property. 

 An inspection happens when buyers pay a licensed professional inspector to visit the home and prepare a report on its condition and any needed repairs. The home inspection in Florida often happens as part of the due diligence period, so buyers can fully assess if they want to buy a particular home as is, or ask the seller to either complete or pay for certain repairs. 

 The listing agent, also known as the seller’s agent, is a licensed real estate professional whose job is to market the seller’s property, and to represent the seller’s best interest by negotiating on behalf of the seller to secure the best price and selling scenario as possible. This agent is a fiduciary for the seller.

Buyer and listing agent commissions are each typically 2-3% of the contract price in each sale. Learn more 

The millennial generation is defined as anyone born between 1981 and 1996, which means anyone between the ages of 27 and 42 in 2023 

 Regional MLS (Multiple Listings Services) works like a storage off all data of sold, pending and current listed for sale homes in Palm Beach County and surrounded counties.

 Hiring professional Homesellers Realty Agent to sell your home. The service includes marketing and full representation from listing to closing table.

 An actively licensed real estate agent and REALTOR® are often used interchangeably, although not every real estate agent is a REALTOR®. A REALTOR® is a member of the National Association of REALTORS® (NAR).

A REALTOR® promises to uphold the Code of Ethics of the association and to hold each other accountable for when serving the public, customers, clients and each other, with a high standard of practice and care. Homesellers Realty Inc. is registered with NAOR.

The defines of baby boomer is the post-war baby boom, occurring between 1946 and 1964, determines who is a baby boomer. This means that, as of 2020, baby boomers are between 56 and 74 years old 

 When a buyer is interested in purchasing a property that is already under contract with someone else, that buyer has an opportunity to submit a “backup offer”, in case the first transaction falls apart. A backup offer must still be negotiated and any monies, such as earnest money, submitted, to confirm it is the next offer in line. There can only be one backup offer legally, as you cannot have a backup to the backup. 

 A buyer’s agent, also known as a selling agent, is a licensed real estate professional whose job is to locate a buyer’s next property, represent their interests by negotiating on behalf of that buyer to obtain the best price and purchasing scenario for that buyer as possible. This agent is a fiduciary for the buyer. 

Closing costs are an assortment of fees, including fees charged by: a lender, the title company, attorneys, insurance companies, taxing authorities, homeowner’s associations, real estate agents, and other closing settlement related companies. These closing costs are typically paid at the time of closing a real estate transaction.

Learn more 

The generation of baby boomers are highly motivated to buy house. Baby boomers increasingly say they are purchasing a home to live closer to friends and family due to retirement or a desire for a smaller home.  Most current survey found that Baby Boomers love to entertain and want an open floor plan in addition, they have lots of stuff. So even though they want to downsize, they also need lots of storage in the kitchen and the garage. 

 The majority of millennials likely grew up with smart technology and are looking for homes that come with smart features such as smart locks, home security, automatic lighting, and Nest thermostats. They want to be able to control their heating and cooling system, as well as appliances, with an app. Updated kitchen. 

This are listed and active home listings from regional MLS (Multiple Listings Services)

  A homeowner’s association is a private association that manages a planned community or condominium. When you purchase a property that is managed by an HOA, you agree to abide by the HOA’s rules and pay its monthly or annually HOA dues. If you fail to pay and/or comply, they often have the ability to file a lien against the property and/or foreclose on the property. 

 An inspection happens when buyers pay a licensed professional inspector to visit the home and prepare a report on its condition and any needed repairs. The home inspection in Florida often happens as part of the due diligence period, so buyers can fully assess if they want to buy a particular home as is, or ask the seller to either complete or pay for certain repairs. 

 The listing agent, also known as the seller’s agent, is a licensed real estate professional whose job is to market the seller’s property, and to represent the seller’s best interest by negotiating on behalf of the seller to secure the best price and selling scenario as possible. This agent is a fiduciary for the seller.

Buyer and listing agent commissions are each typically 2-3% of the contract price in each sale. Learn more 

The millennial generation is defined as anyone born between 1981 and 1996, which means anyone between the ages of 27 and 42 in 2023 

 Regional MLS (Multiple Listings Services) works like a storage off all data of sold, pending and current listed for sale homes in Palm Beach County and surrounded counties.

 Hiring professional Homesellers Realty Agent to sell your home. The service includes marketing and full representation from listing to closing table.

 An actively licensed real estate agent and REALTOR® are often used interchangeably, although not every real estate agent is a REALTOR®. A REALTOR® is a member of the National Association of REALTORS® (NAR).

A REALTOR® promises to uphold the Code of Ethics of the association and to hold each other accountable for when serving the public, customers, clients and each other, with a high standard of practice and care. Homesellers Realty Inc. is registered with NAOR.