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November 2016

Found 8 blog entries for November 2016.

Thanksgiving is a busy time. A wonderful time. Filled with fabulous things.... comfort foods, shopping, family time, football. However you choose to spend your time this holiday weekend, we hope that it's a memorable, wonderful time. We are so THANKFUL to know you and be able to serve you.Thanks for taking a quick moment to watch our Thanksgiving video message to you: 

 

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(Daytona Beach, FL) –As inventory levels continued to hang low, home sales were down dramatically compared to October 2015. In fact, sales fell by nearly 17 percent compared to last year. 

For the month ending on October 31, 2016, the Daytona Beach Multiple Listing Service (MLS) reported that 318 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $214,250. The figures represent a 16.9 percent decrease in the number of homes sold. The low inventory conditions led prices to soar, though. Median sales prices were up in October by more than 22 percent over last year and up nearly 8 percent over September prices. Year-to-date comparisons show sales are down by roughly 6.1 percent so far this

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So you found the perfect home. Your offer was accepted and now all the inspections and waiting is over. It's almost time to close. There's only one thing left... your final walk through. This is your last visit to the home before the deal is done and you finally can call the place your own. It's during this visit that you'll be making sure everything still looks the way you remember and that the home and its contents are being turned over to you exactly as promised. This is the visit when the details matter. If something's off, this is the time to speak up about it. 

So here are some tips to ensure everything has been checked and all is well before you close:

1. Give yourself enough time. You'll want to set aside at least 30 minutes to really look

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(Daytona Beach, FL) – Condo sales fell in October, the same month when Hurricane Matthew battered the beaches where most Volusia and Flagler area condos are perched.  But the news wasn’t all bad for area condo sellers. Prices soared.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed that the number of condo sales in October fell by more than 23 percent, compared to sales totals a year ago. Meanwhile, median sales prices saw slight gains, year over year. Month over month, sales were down dramatically as median sales prices soared by nearly 12 percent. 

According to the Daytona Beach MLS, there were 86 condo sales in October with a median sales price of $208,200. Inventory levels,

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Would you spend the night on the street, out in the cold, just for an opportunity to SCHEDULE AN APPOINTMENT to make an offer on a condo? 

That's what dozens of people in Washington, D.C. did recently with hopes of landing a unit in new luxury condo building being developed in the city. The potential condo buyers either stood in line themselves, had their agents stand for them, or hired someone to be a placeholder in line for them. The developers of the luxury condo complex that will eventually be home to 71 luxury units recently announced plans to sell the first 20 units in the building that's set to open in May 2017.

Because they believed there would be strong demand for the units, the developers set a date and indicated they would require buyers

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Are you thinking of buying a home or condo in the Daytona Beach area? Of course there's a lot to come along the road to your closing day. There will be homes and condos to tour. Tons of paperwork is involved when buying property in Florida. There are schedules, timelines and budgets to consider... and you'll want to negotiate a great deal to get the best bang for your buck.

Don't start stressing out just yet, though. A great real estate agent can make those things much easier. In fact, a great real estate team can dramatically reduce the stress you'd otherwise encounter with the challenges associated with buying a new home or condo. And while you'll be paying your agent or real estate team a commission on the sale, a good agent is worth his or her

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So you made an offer, and it was accepted.

Now there's a list of things that must be done before your scheduled home closing and before you're handed the keys to your new home. (Don't worry, our highly capable administrative team will be reaching out to you to explain everything that must happen and they'll talk you through every detail, down to dotting the last "i" and crossing the last "t" in your paperwork.) But one of those things they'll be calling you about is to discuss the home inspection. 

Most likely, your buyer's agent made your offer on the home contingent upon a good home inspection that finds no major defects with the property. This is something you want to do to protect yourself and this big investment you're about to make. 

This

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A recent report showed some waiver in the rental market returns during the first seven months of 2017. But experts say the rental market is still yielding better results than most other investment options. 

The real estate research company ATTOM Data Solutions (aka RealtyTrac), just released their third quarter report on the single family home rental market, which found that at a national level, average single family rental returns took a bit of a hit, as more institutional investors moved into the market. 

(Locally in the greater Daytona Beach area, however, the numbers were a bit different.)

Rental Returns

The national average returns dropped to a nine-year low for homes purchased so far in 2016 among 473 U.S. counties analyzed for the

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