Exceeding Expectations – One Home at a Time.

alexa-about-new-image-v3

Meet Alexa

Alexa has the uncanny ability to deliver exactly what her clients want even when they are unable to precisely articulate their desires.

Her keen intuition combined with her encyclopedic knowledge of available homes, allows Alexa to find the ideal home for buyers.

Whether buying or selling, Alexa believes the client always comes first. She gives each client personalized attention and focus to expertly match buyers and sellers with the best solution that meets their needs and is within their financial comfort zone.

“I believe in treating my clients like family.” says Alexa. “I give each client the same honesty, respect, and support I would for my own family.”

Alexa is also well known for being quite assertive and an effective negotiator when it comes to meeting customers expectations.

Friendly Personality
Extraordinary Intuition
Sincere Empathy
Caring Questions
Creative Solutions
Personalized Approach
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OUR ZILLOW REVIEWS

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  • Zillow 5 Star Review  Alexa was amazing! She made wonderful recommendations to us for the staging of our home in order for us to get the best offer possible, and to insure that our home would sell quickly. We did everything she recommended and had multiple offers within 48 hours of going on the market. She vetted all...

    ptower17
    September 10, 2020

    Zillow 5 Star Review  Working with Alexa and Deb was a blessing for us while selling our home! Alexa and Deb are an amazing team who are knowledgeable, professional, and committed. They will truly work diligently for their clients, and I would recommend them to everyone!

    jcajhobbs
    August 6, 2020

    Zillow 5 Star Review  Alexa and Deb did a wonderful job every step of the way in the marketing and sale of our house. Both were knowledgeable, very professional and responsive to any questions which arose. I highly recommend using them for your real estate needs.

    user42209
    April 10, 2020
  • Zillow 5 Star Review  Alexa works so hard for you whether you are buying or selling. She made finding and getting into our dream home a welcomed reality. The process was fun and so easy. Communication is key during such an important step as a new homeowner and she made everything move along smoothly, keeping us...

    hannahmay4213
    April 9, 2019

    Zillow 5 Star Review  Alexa is extremely professional, upfront and honest. She has a wealth of knowledge and contacts that helped us find our dream home. It was such a pleasure working with her and her team. Anytime we had a question or needed something she got back to us right away. She continues to check in with us,...

    kellyadiogo
    January 29, 2019

    Zillow 5 Star Review  Perfection… that is the word that best describes our experience with Alexa Silva. From the time we first spoke with her about our intentions to upgrade to a home more suited to our desires and needs, she made us feel at ease. She took the reins and quickly moved forward, which created a momentum...

    rlewisamt
    January 6, 2019
  • Zillow 4 Star Review  She was Very Helpful in knowing the housing market. Always able to answer questions in an expeditious way. I never felt rushed to make a decision, she always had my best interest in mind.

    zuser20161122183348966
    January 2, 2019

    Zillow 5 Star Review  Alexa Silva has been the most efficient and caring person I have ever dealt with in business. I would recommend her to anyone who has a home to sell. I will never forget how smooth and rewarding this experience has been.

    loisdemarest
    March 14, 2018

    Zillow 5 Star Review  I purchased several homes with Alexa and she does a fantastic job. Start to finish great communication. Always there to help. She has a great team. I would recommend her to anyone looking to buy/sell in Palm City

    trashzar
    March 14, 2018
  • Zillow 5 Star Review  Alexa has helped me Sell and Purchase Homes on 2 different occasions in the last 3 Years. There is not a harder working, more Professional Realtor in the Industry. She truly has her finger on the pulse of the “Market” and offers multiple options to fit ones needs. She exceeded expectations at every...

    nealestate3
    February 8, 2018

    Zillow 5 Star Review  In all my years as a home buyer and seller, I have never experienced such professionalism and customs from a realtor such as Alexis! Her knowledge and experience are an absolute must for anyone dealing in real estate. From the time of showing interest to the close of a home, Alexis is the person...

    Schnzrs6
    January 16, 2018

    Zillow 5 Star Review  My husband and I have been very fortunate to have had the opportunity to use Alexa as our realtor. We first contracted with her to sell our home in Evergreen and are currently using her services again to sell one house and purchase another one in Pipers Landing. She is very honest with us and...

    jfyfe80750
    October 25, 2017
  • Zillow 5 Star Review  A pleasure to work with, Alexa Silva has proven herself to be the most professional, thorough, competent, knowledgeable and detail oriented realtor there is. We highly recommend Alexa for the sale of your existing home or purchase of a new one! She assisted us with both recently, and we couldn't be...

    SusanMcGlynn
    October 25, 2017

    Zillow 5 Star Review  Alexa was extremely professional and showed she truly cared about not only us buying the right house for our family but letting us know she was there anytime to answer any questions or concerns that might come up. She went above and beyond to make this a enjoyable and stressless experience as...

    SherylButterworthTully
    August 16, 2017

    Zillow 5 Star Review  After visiting the home we purchased several times my wife and I decided we didn't need an additional Realtor to represent us and we had confidence in Alexa that she could be fair to both buyer and seller.

    we never had a reason to question her qualifications or integrity because everything she...

    lewisw9
    August 16, 2017
  • Zillow 5 Star Review  Alexa listed our home and found a buyer within just a couple of days! Her professionalism and sales expertise is superb! I would absolutely recommend her if you're thinking of selling your home!

    mbrook4
    June 27, 2017

    Zillow 5 Star Review  Being absent owners, we were blessed to find Alexa who attended to every detail including those that were not really her responsibility. Thank you for going above and beyond for us. Ed and Gail Sallee

    edrsallee
    February 1, 2017

    Zillow 5 Star Review  Tremendous knowledge - powerful negotiator aggressive and through follow up - understands how to get deals done! I highly recommend Alexa for anyone looking to purchase a home in the Palm City area!

    AnthonyJConklin
    January 31, 2017

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EXCLUSIVE PROPERTIES

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LATEST NEWS

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Selling Your House Is the Right Move, Right Now [INFOGRAPHIC]

Selling Your House Is the Right Move, Right Now [INFOGRAPHIC] | Simplifying The Market

Selling Your House Is the Right Move, Right Now [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • Demand from homebuyers has skyrocketed this year, which means today’s sellers are poised to win big. This ideal moment in time to sell your house won’t last forever, though.
  • With more sellers coming to the market in the spring, waiting until next year means buyers will have more choices, so your home may not stand out from the crowd.
  • Let’s connect today to discuss why now may be the right time to make a move on your terms.
Content previously posted on Keeping Current Matters

Home Values Projected to Keep Rising

Home Values Projected to Keep Rising | Simplifying The Market

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.

Due to the undersupply of homes on the market today, there’s upward pressure on prices. Consider simple economics: when there is high demand for an item and a low supply of it, consumers are willing to pay more for that item. That’s what’s happening in today’s real estate market. The housing supply shortage is also resulting in bidding wars, which will also drive price points higher in the home sale process.

There’s no evidence that buyer demand will wane. As a result, experts project price appreciation will continue over the next twelve months. Here’s a graph of the major forecasts released in the last 60 days:Home Values Projected to Keep Rising | Simplifying The Market

I hear many foreclosures might be coming to the market soon. Won’t that drive prices down?

Some are concerned that homeowners who entered a mortgage forbearance plan might face foreclosure once their plan ends. However, when you analyze the data on those in forbearance, it’s clear the actual level of risk is quite low.

Ivy Zelman, CEO of Zelman & Associates and a highly-regarded expert in housing and housing-related industries, was very firm in a podcast last week:

“The likelihood of us having a foreclosure crisis again is about zero percent.”

With demand high, supply low, and little risk of a foreclosure crisis, home prices will continue to appreciate.

Bottom Line

Originally, many thought home prices would depreciate in 2020 due to the economic slowdown from the coronavirus. Instead, prices appreciated substantially. Over the next year, we will likely see home values rise even higher given the continued lack of inventory of homes for sale.

Content previously posted on Keeping Current Matters

Why Today’s Options Will Save Homeowners from Foreclosure

Why Today’s Options Will Save Homeowners from Foreclosure | Simplifying The Market

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end.

Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, and that percentage has been dropping steadily. Black Knight recently reported that the national forbearance rate has decreased to 5.6%, with active forbearances falling below 3 million for the first time since mid-April.

Many of those still in forbearance are actually making timely payments. Christopher Maloney of Bloomberg Wealth recently explained:

“Almost one quarter of all homeowners who have demanded forbearance are still current on their mortgages…according to the latest MBA data.”

However, since over two million homeowners are still in forbearance, some experts are concerned that this might lead to another wave of foreclosures like we saw a little over a decade ago during the Great Recession. Here is why this time is different.

There Will Be Very Few Strategic Defaults

During the housing crash twelve years ago, many homeowners owned a house that was worth less than the mortgage they had on that home (called negative equity or being underwater). Many decided they would just stop making their payments and walk away from the house, which then resulted in the bank foreclosing on the property. These foreclosures were known as strategic defaults. Today, the vast majority of homeowners have significant equity in their homes. This dramatically decreases the possibility of strategic defaults.

Aspen Grove Solutions, a business consulting firm, recently addressed the issue in a study titled Creating Positive Forbearance Outcomes:

“Unlike in 2008, strategic defaults have not emerged as a serious problem and seems unlikely to emerge given stronger expectations for property price increases, a record low inventory of homes, and stable residential underwriting standards leading up to the crisis which has reduced the number of owners who are underwater.”

There Are Other Options That Were Not Available the Last Time

A decade ago, there wasn’t a forbearance option, and most banks did not put in other programs, like modifications and short sales, until very late in the crisis.

Today, homeowners have several options because banks understand the three fundamental differences in today’s real estate market as compared to 2008:

1. Most homeowners have substantial equity in their homes.

2. The real estate market has a shortage of listings for sale. In 2008, homes for sale flooded the market.

3. Prices are appreciating. In 2008, prices were depreciating dramatically.

These differences allow banks to feel comfortable giving options to homeowners when exiting forbearance. Aspen Grove broke down some of these options in the study mentioned above:

  • Refinance Repay: Capitalize forbearance amount – For borrowers who have strong credit, have good or improved equity in their homes, possibly had a higher interest rate on their original loan, have steady employment/no significant wage loss, and income.
  • Repayment Plan: Pay it back in higher monthly payments – For people who cannot reinstate using savings, but have increased monthly income, and do not want to use a deferral program.
  • Deferral Program: Shift payments to the end of the loan term – For borrowers who lost income temporarily and regained most or all of their income but are not in a position to refinance due to credit score, home equity, low total loan value relative to closing costs, or simple apathy.
  • Modification: Flex modification or other mod – For households that permanently lost 20% to 30% of their income, but not all of their income, and want to remain in their home.

Each one of these programs enables the homeowner to remain in the home.

What about Those Who Don’t Qualify for These Programs?

Homeowners who can’t catch up on past payments and don’t qualify for the programs mentioned have two options: sell the house or let it go to foreclosure. Some experts think most will be forced to take the foreclosure route. However, an examination of the data shows that probably won’t be the case.

A decade ago, homeowners had very little equity in their homes. Therefore, selling was not an option unless they were willing to tap into limited savings to cover the cost of selling, like real estate commission, closing costs, and attorney fees. Without any other option, many just decided to stay in the house until they were served a foreclosure notice.

As mentioned above, today is different. Most homeowners now have a large amount of equity in their homes. They will most likely decide to sell their home and take that equity rather than wait for the bank to foreclose.

In a separate report, Black Knight highlighted this issue:

“In total, an estimated 172K loans are in forbearance, have missed three or more payments under their plans and have less than 10% equity in their homes.”

In other words, of the millions currently in a forbearance plan, there are few that likely will become a foreclosure.

Bottom Line

Some analysts are talking about future foreclosures reaching 500,000 to over 1 million. With the options today’s homeowners have, that doesn’t seem likely.

Content previously posted on Keeping Current Matters

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“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel”. Maya Angelou