A stale listing is a home that has been languishing on the market for some time, and is not garnering much attention or offers. Oftentimes, buyers and their agents look at the total days on the market (DOM) for a listing to determine whether or not a listing is stale. In any market, a high… Continue reading How to bring a stale listing back to life
Category: Home Selling
Are pandemic-paused home sellers ready to list now?
Many home owners that were considering selling their homes decided to put this off due to the pandemic. For various reasons including social distancing and limiting exposure risk to COVID-19 to waiting for home prices to stabilize, many of these would-be home sellers have been waiting patiently on the sidelines. This may begin to change… Continue reading Are pandemic-paused home sellers ready to list now?
Should you sell your home now or wait for spring?
Every year during the fall and winter months, many sellers ask the same question: “Should I sell my home now or wait for the spring?” This is understandable given the fact that we are all aware of the “spring home buying season” when many buyers enter the market to set themselves up for a late… Continue reading Should you sell your home now or wait for spring?
How much are average closing costs in Florida?
“How much will my closing costs be?” This is a common question that we receive from many of our clients here in South Florida. Of course, just like everything else in this economy, the price tag has risen. Recently, ClosingCorp, a provider of residential real estate closing cost data and technology, provided some updated data.… Continue reading How much are average closing costs in Florida?
The correlation between paint color and home price
Are you thinking about preparing your home to list for sale? If so, it is likely that in addition to de-cluttering, you may also be thinking about applying a fresh coat of paint to the home. On average, painting the interior of a home tends to cost an average of about $385 per room. Therefore,… Continue reading The correlation between paint color and home price
The gap between sales prices and appraisals
Contract prices for properties being sold are skyrocketing, however that is only part of the equation in many cases. Given the fact that most properties are being purchased with a financing contingency, this also means that the property must appraise for the contract sales price or higher. In many cases, this can prove to be… Continue reading The gap between sales prices and appraisals
Essential tips to sell your home quickly
It seems as though all headlines for the past year and a half have stated the same thing: Home prices are rising dramatically and homes are selling in bidding wars! While this is certainly true, there are still plenty of homes that stay lingering on the market for various reasons. As with any housing market,… Continue reading Essential tips to sell your home quickly
Record level home price growth in August
As we are entering the fall months, we are beginning to see a seasonal slow down in home buying. Of course, this comes after a year-long super competitive housing market. Interestingly, the month of August set a new record for annual price gains. In fact, the annual price gains seen in the month of August… Continue reading Record level home price growth in August
Generation Z and the real estate market
We have previously written about the force that millennials have become in the real estate market. While this is still the case, we also need to begin to acknowledge the impact from Generation Z. Also referred to as “zoomers”, this demographic cohort was born between the mid-1990’s through the early 2010’s. Some even go as… Continue reading Generation Z and the real estate market
Is a housing crash on the horizon?
When will the housing market crash? This was one of the top 3 phrases typed into Google’s search engine last spring. Why was this such a popular phrase being searched by many throughout the country? Well, the most likely reason is due to the post-traumatic stress disorder that many still have from the 2008 housing… Continue reading Is a housing crash on the horizon?