Tony Cenkar - EXP Realty

The Cenkar Home Team is back in the top ten for domestic teams for EXP Realty in the state of Florida again for April. I can't thank you all enough for the trust you place in us to handle all of your real estate needs as well as your referrals. It means the world to us and our family.

Ask your landlord to lower your rent — now Savvy tenants are scoring cheaper rent as landlords hustle to fill a heap of new apartment units. Renters' leverage won't last for long, though.

#4 in Florida in March!!! Thanks again for all of your referrals and for letting us help! I am always available to talk about how we can help you meet your real estate goals in an ever changing market.

Jobe Cenkar and I were the number one EXP Realty husband and wife team in Florida in January for both number of homes sold and total volume. Every sale came from a referral and we truly feel blessed to have so many friends willing to trust us to help them and to recommend us to their friends. It means the world to us and I can't thank you all enough!

Whether you live locally and just don't have the time to see a home you are interested in or if you live out of state like the client I filmed this video for yesterday, I can check out a home and either FaceTime or create a YouTube video to give you a better perspective than pictures that only paint the home in its best light. I always give my honest and best professional opinions to help you make the best decision for you and your family. Call or text me at 561-702-6207 for a free, no-pressure consultation about your real estate goals and how I may be able to help.

5036 Alfred Drive Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Merry Christmas from our family to yours!

At an inspection for one of my listings that just went under contract and no one is here on behalf of the buyer. Unfortunately there are a lot of part time agents right now that do the bare minimum. I go to all of the inspections for both my buyers and sellers. While I am not an inspector, it is good to be there so the inspector can point out and explain all of the things they find. It's even better when the buyer can be there as well, as the inspector can point out things like where their main water shutoff valve is or how to adjust the temperature of the hot water heater. Ready to start your real estate journey and want a proven professional to work on your behalf? Call or text me at 561-702-6207 to schedule a free, no pressure consultation.

A lot of talk about the new 50 year mortgage and how it will affect the real estate market. The first advice I give to my buyers is to not become "house broke" and just because you qualify for a mortgage amount doesn't mean you should necessarily buy a home for the maximum amount you can buy. There is more to life than just the roof over your head and it's nice to have the disposable income to be able to afford to live it.
Overall, the new policy does nothing to affect affordability issues from skyrocketing insurance costs and inflation in general, but does make a substantial difference in the amount of interest banks can add to their bottom line. For example, it would cost $784,000 to repay a $500,000 15 year mortgage including principal over the life of the loan at 6.5%. A 30 year mortgage would cost $1,137,600 to repay and a 50 year mortgage would cost $1,958,300 to repay over the life of the loan at 6.5%. In addition, the 50 year mortgage will likely have a higher rate than the shorter term mortgages leading to even more money being lost to interest.
When you factor in the cost of maintenance and repairs, I think most potential buyers would be better off renting until they can afford a 30 year mortgage or less.
So when does the 50 year mortgage make sense? If you expect a substantial jump in your income in the next few years and plan on staying in the house that you buy, then it would allow you to qualify for the home you want now rather than waiting, while allowing the security of a fixed rate rather than a 30 year adjustable rate mortgage with a low introductory rate. Beyond that, I wouldn't recommend anyone becoming a slave to their bank for 50 years.

In a tough market, make your home stand out with a 3D Matterport tour like the one linked below. We are now providing these 3D tours as well as floor plans on all of our listings!

5567 Rico Dr, Boca Raton, FL 33487 - For Sale Listed for sale at $1975000. Amazing opportunity to live near the beach in this fully updated, move-in ready three bedroom, two bathroom home with a ...