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Great Weather and No Inheritance Tax in Boca Raton, Florida

Upscale living, country clubs, specialty shops, and great dining. Boca Raton, Florida, has it all!

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Realtor Mona Tousignant says, "Palm Beach county's property values are up 36 percent in 2005 as compared to 16 percent in 2004. People are living large in Boca Raton. It offers a wide variety of Country Clubs, golf, tennis, swim and sail. Designer and Boutique shopping and fabulous cuisine are abundant here. Ocean-front condominiums line beautiful beaches along with great family parks and nature preserves. "A" rated public schools and a large selection of private schools prepare students for Florida Atlantic University located in the heart of Boca Raton."

She continues, "You know what they say "location, location, location" and Boca surely has it with Ft. Lauderdale and Miami to the south 20-60 minutes, respectively, and West Palm Beach to the north about 35 minutes. Palm Beach County's real estate market has been rising steadily at about 3 percent per month for the past year. If you're selling or buying, the low interest rates and wide variety of lending options are on your side. Now may be the best time to exercise your options."

Realtor Barbara Stein says, "A real estate purchase in Boca Raton is a sound investment. Sellers in this area have happily been receiving fast high dollar multiple offers. Buyers know that their purchase will increase in value. Appropriately priced homes sell quickly in well under thirty days. Strong city code and zoning specification continue to improve and maintain the well manicured tropical look. This city offers a broad range of housing options. Let me add that it has a TV community aspect about it because it always looks beautiful."

Realtor Karen Dove says, "Condos, townhomes, and villas are going under contract almost as fast. Fifty-nine percent are selling in less that 30 days, with prices holding steady. New listings of single family homes inventory was up in September breaking the many months of much lower inventory, this was also true for condos and townhomes. New construction and condos conversions have created new choices for those looking at multi-unit complexes. More people & businesses are relocating to Florida. Why? No income tax, no inheritance tax & great weather year round. Many are buying that vacation/retirement home now to hedge against inflation for the home/condo you plan to spend your years retirement in. This is adding to the desirable properties selling in a matter of days."

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Published: October 4, 2005

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

Today's Headlines 10/04/2005


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