Friday, September 3, 2021 / by Katy Foster
As summer comes to an end, does selling your vacation home make sense right now? According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2%.
If you have taken your last vacation for the summer, here are a few reasons why you should consider selling your vacation home this year:
Remote Work Continues to Drive Demand for Vacation Homes
A report from NAR says that based on continuously evolving work needs, there could be more interest in a second home than you actually think.
Recent data shows we’ll likely see a sustained increase in the rate of remote work for the next five years, which means that your vacation home could be highly sought after by certain buyers.
Selling Could Allow You To Upgrade Your Vacation Spot
When demand is high like this, so is the buyer competition. And when competition is strong, buyers will do anything and everything they can to make their offer on your vacation ho; ...
Monday, August 23, 2021 / by Flr Team
In today’s real estate market, it is no secret that the top stories are low housing supply and high buyer demand. If you are a first time home buyer looking for that perfect starter home or if you are someone interested in downsizing, it may be worth considering a condo as an option during your home search.
There are a few reasons as to why more and more people are considering buying condos, as the benefits can be quite desirable. Especially when you are looking in Cocoa Beach. Here are a few perks that could be compelling to you:
The average sales price of a condo in Cocoa Beach is $450,000 less than the median price of a single-family detached home. This makes condos a great option for first time home buyers, those that may have a limited down payment for savings, or those looking to save money by downsizing in general.
Another perk to purchasing a condo is the low maintenance. Usually all exterior maintenance for condos ar; ...
Monday, August 16, 2021 / by Flr Team
In this current seller’s market, homeowners are considering remodeling some of their home before they put it up for sale but not sure where it would be most valuable. That’s where a Real Estate professional comes in. They can help you understand today’s market and how that will impact what you should and/or shouldn’t do when it comes to renovating before selling your home.
Here are some considerations a professional will guide you through:
With Current Supply Challenges, Buyers May Be Willing To Take On Projects On Their Own.
Typically during a more balanced market you’ll see a 6-month supply of homes for sale. Above that, we are in a buyer’s market. Below that, we are in a seller’s market. In a recent report by the National Association of Realtors (NAR), our current supply of homes for sale, still remains solidly in a seller’s market.
So what does that mean for you? If you are a seller trying to decide w2 ...
Thursday, August 12, 2021 / by Flr Team
For a lot of first-time homebuyers, purchasing a home can feel overwhelming and intimidating. Some are unsure about the home buying process and what they can actually afford.
A recent survey of some buyers between the ages of 25-40 found the following to be true:
- “1 in 4 underestimated their buying potential by $150k or more”
- “1 in 4 underestimated the increase in value by $100k or more”
- “47% don’t know what a good interest rate is”
Because of these uncertainties, buyers have given up on their search, or worse, have decided to not move forward with the home buying process because they are discouraged. If you are interested in buying a home but not sure where to start, here are three key concepts about homeownership you should know before getting started.
Down Payments: What you need to know
Saving for a down payment is sometimes viewed as one of the biggest obstacles for first time homebuyers, but that doesn’t ha; ...
Thursday, August 5, 2021 / by Flr Team
If you are a prospective buyer or seller, it’s important that you understand the current real estate market conditions and how it can affect your home process. Here are a few things that can impact today’s housing market.
Technology Acceleration and Innovation
So much has changed in the past year for the real estate industry, especially when it comes to technology. For real estate, innovations like virtual tours, digital documentation, and video chat allowed agents to connect to clients no matter where they are. These options are ideal for prospective buyers and sellers who aren’t local to the area or those that need the added flexibility in signing documents online. It also allowed the flexibility in meeting the client’s needs in showing a property virtually when they were unable to physically be present. This is why many trusted real estate professionals will continue to use these technologies to move forward to best service all of their clients. ...