According to ATTOM Data Solutions’ Year-End 2024 U.S. Home Sales Report, home sellers have experienced a decline in profit margins for the second consecutive year. In 2024, the average profit on a typical home sale was $122,500, representing a 53.8% return on investment. This is a decrease from the 56.9% return in 2023 and is… Continue reading Seller Profit Margins Decline For Second Straight Year
Category: Home Selling
A Guide To Understanding the “Coming Soon” Status in the MLS
In the fast-paced world of real estate, the “Coming Soon” status in the Multiple Listing Service (MLS) has become an essential tool for both buyers and sellers. Whether you’re looking to sell your home or find the perfect property before it hits the open market, understanding how the “Coming Soon” status works can provide a… Continue reading A Guide To Understanding the “Coming Soon” Status in the MLS
Contingent vs Pending in Real Estate: What’s the Difference?
If you’ve ever browsed real estate listings, you’ve probably come across the terms “contingent” and “pending.” While both terms indicate that a property is on its way to being sold, they represent different stages of the transaction. Understanding these distinctions is crucial whether you’re a buyer, seller, or just curious about the market. What does… Continue reading Contingent vs Pending in Real Estate: What’s the Difference?
5 Ways to Market Your Property to the Next Generation of Homebuyers
The real estate market is constantly evolving, and capturing the attention of younger generations is crucial for a successful sale. Generation Z (born between the late 1990’s and early 2010’s) and Millennials (born between the early 1980’s and mid 1990’s), often tech-savvy and digitally-driven, have unique preferences when it comes to finding and purchasing a… Continue reading 5 Ways to Market Your Property to the Next Generation of Homebuyers
The Dangers of Ovepricing Your Home
Selling your home can be an exciting but also stressful experience. One of the most crucial decisions you’ll make is setting the right asking price. Overpricing your home can have significant negative consequences, potentially leading to a longer time on the market, reduced offers, and ultimately, a lower selling price. Why overpricing your home can… Continue reading The Dangers of Ovepricing Your Home
4 Key Strategies to Sell Your Home Fast and for Top Dollar
Trying to Sell your home can feel overwhelming, but with the right strategies in place, you can attract buyers quickly and maximize your return. Below, we share four essential tips to help sell your home fast and for top dollar. Strategies to sell your home faster 1. Get a Pre-Listing Inspection Before listing your home,… Continue reading 4 Key Strategies to Sell Your Home Fast and for Top Dollar
Understanding the Two Types of Title Insurance and Why They Exist
When purchasing a property, navigating the financial and legal aspects can be complex and overwhelming. One essential safeguard in this process is title insurance, a policy that protects property owners and lenders from potential financial loss due to title defects. But did you know there are two distinct types of this insurance? These are owner’s title… Continue reading Understanding the Two Types of Title Insurance and Why They Exist
Home Listings Are on the Rise Again
The housing market, after a period of relative stillness, is starting to stir. A recent report from Redfin reveals a subtle yet significant shift: home listings are on the rise again. This uptick, though modest, signals a potential return to a more dynamic market environment. This is good news as it pertains to reaching a… Continue reading Home Listings Are on the Rise Again
Top 4 Turnoffs For Online Real Estate Listings
Not surprisingly, by the year 2020, 97% of all home buyers started their home search online. In 2024, essentially all home buyers utilized the internet for the their home search whether it was on a computer or with a mobile device through a home search application such as Florida Home Search. Needless to say, simple… Continue reading Top 4 Turnoffs For Online Real Estate Listings
U.S. Homes Set a New Record For Number of Bedrooms
The American dream of a spacious home with plenty of bedrooms might be more attainable than ever before, according to a new report from Realtor.com®. The report highlights a significant trend: U.S. homes are reaching record highs in the number of bedrooms they offer. The more bedrooms, the better? This shift in the housing market… Continue reading U.S. Homes Set a New Record For Number of Bedrooms