Boca Raton Market Is A Bargain For House Hunters

Boca Raton and Palm Beach County is a great real estate market, said Sheldon Jaffee, an agent with Lang Realty, the dominant luxury real estate company in the county.

"This is the prime time to buy in Florida, prices are more realistic in relation to the market, mortgage rates are the lowest in years and sellers are negotiating. That adds up to an opportunity to make a good buy that will have a good payback in 5 to 7 years," Jaffee said.

"Baby boomers especially should consider real estate. A record 76 million American baby boomers will start to turn 60 this year with a record number making retirement plans. Their homes have not lost value and with home prices continuing to depreciate here, we are seen as a bargain," said Scott Agran, broker and co-owner of Lang Realty, the dominant luxury real estate company in the area.

"Our area offers much more than sun and golf. Unlike other retirement hot spots such as North Carolina and Southwest Florida, South Florida offers the lifestyle, culture and amenities that sophisticated boomers desire including a plethora of world class museums and performing arts venues, as well as fine dining and shopping," Jaffee added. "Real Estate values and taxes in the Northeast are much higher than Florida and boomers can sell their family home, buy a comparable home here, and still have money in the bank."

With Lang concentrating on the country club, condominium and waterfront markets, sales are active as both buyers and sellers have been reaching accommodations that more accurately reflect value.

"Sellers have been lowering their asking prices, if they want to make a deal, and buyers are in the best position in many years to strike a deal which they will one day be glad they made," Jaffee said. "Just in the last several weeks we have closed on multi-million deals that are the result of our agents working closely with both sides to actively and satisfactorily conclude the transaction.

Lang has an enviable track record in country club residential sales and a well earned reputation for outstanding support of its broker team, and has been a magnet for top performing, entrepreneurial agents. The result is a tightly knit, elite corps of agents who fully subscribe to the goal of Agran's goal of not being the largest, just the very best.

To contact Sheldon Jaffee call (561) 395-8244 or e-mail him at bocaexpert@aol.com. Visit his Web site waterfrontandluxuryestates.com.

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