Having sold real estate in South Florida spanning across several decades, we have seen some trends come and go. With this said, one thing has remained constant. When it comes to valuating properties, sellers believe that their property is the Taj Mahal. Meanwhile, the same property to a prospective buyer is a run down shack.… Continue reading Price Per Square Foot In Real Estate
Category: Home Selling
Higher Rates Are Keeping More Sellers From Listing
One of the biggest challenges in the housing market in recent years has been a low inventory of homes for sale. Although buyer demand has surged, the number of new listings and new home construction has not been able to keep up. Fast forward to mid-2022 and we began to see buyer demand substantially slow… Continue reading Higher Rates Are Keeping More Sellers From Listing
Should You Renovate Your Home Prior To Listing It For Sale?
There is no doubt that renovated homes typically sell quicker and for top dollar as compared to homes that are in need of a lot of updating. With this said, there are many factors to consider when deciding whether or not to renovate your home prior to listing it for sale. Like most things in… Continue reading Should You Renovate Your Home Prior To Listing It For Sale?
Pending Home Sales Are Down For The Second Straight Month
For the second straight month, pending home sales have dropped in the month of July. After a month of June that saw a drop of 8.6% in pending home sales, the month of July posted a drop of 1%. This is significant as pending home sales are considered to be leading indicators of the housing… Continue reading Pending Home Sales Are Down For The Second Straight Month
Home Listings Are Staying On The Market Longer
Across the country, homes are staying on the market for a longer period of time. Of course, with mortgage rates roughly double from where they were last year at this time, it is not entirely surprising that there is less buyer traffic. According to a recent analysis, the share of U.S. home listings that stayed… Continue reading Home Listings Are Staying On The Market Longer
Do I Need A Real Estate Attorney?
Buying or selling real estate is oftentimes the largest financial transaction in the lives of most Americans. Needless to say, having a team of real estate professionals including a real estate agent, mortgage broker (if applicable), & a real estate attorney is extremely important. With this said, many buyers and sellers often come back to… Continue reading Do I Need A Real Estate Attorney?
Demand For Home Gyms Is On The Rise
The COVID-19 pandemic has had some long-lasting impacts on our daily lives. From where we live to how we conduct business, it seems that most aspects of life are different as compared to the beginning of 2020. Perhaps the biggest impact from the pandemic on the real estate market has been the booming popularity of… Continue reading Demand For Home Gyms Is On The Rise
June Home Price Increases Cool Down
Rapidly rising mortgage interest rates, record-high inflation, and now a recession are putting substantial pressure on would-be home buyers. With this said, home prices have still increased year-over-year. Of course, based on recent national headlines, you might believe that another housing collapse is on the horizon. As some examples, below are just a few of… Continue reading June Home Price Increases Cool Down
Top 3 Mistakes Made By Novice Home Sellers
The past few years has brought upon a strong seller’s market marked by rapidly rising prices, strong buyer demand, & a resulting lack of inventory of homes for sale. In other words, it has been quite the abnormal or even irrational housing market. Naturally, this position of strength resulted in many sellers becoming overly confident… Continue reading Top 3 Mistakes Made By Novice Home Sellers
Words That Sell Houses
Virtually all home searches begin online these days. In fact, according to the National Association of Realtors®, 97% of home buyers used the internet in their home search. Of course, all of these searches begin with looking at photos of the property. Therefore, the importance of having professional photos that accurately showcase the property can… Continue reading Words That Sell Houses