Daytona Beach Area Real Estate BlogRecently posted or modified blog postshttps://www.ronsellsthebeach.com/blog/Copyright RonSellsTheBeach.com2024-03-12T13:09:28-07:00tag:ronsellsthebeach.com,2012-09-20:420958 Tips For A Successful Open House When Selling Your Home In Ponce Inlet, FL<img src="https://assets.site-static.com/userfiles/1460/image/8_Tips_For_A_Successful_Open_House_When_Selling_Your_Home_In_Ponce_Inlet_FL.png" width="750" height="375" alt="8 Tips For A Successful Open House When Selling Your Home In Ponce Inlet, FL" title="8 Tips For A Successful Open House When Selling Your Home In Ponce Inlet, FL" />
If you're considering selling your home, no matter where you live, you will want to capture the attention of all potential buyers but also get the best possible selling price. What's the best way to ensure both of these happen? Have an open house. Why? Because open houses play a crucial role in the home-selling process. That being said, an open house doesn't just happen, at least not if you want a successful one!
Table of Contents
<a href="https://www.ronsellsthebeach.com/#link-1"> Why Open Houses are Important</a>
<a href="https://www.ronsellsthebeach.com/#link-2"> 8 Tips for a Successful Open House</a>
<a href="https://www.ronsellsthebeach.com/#link-11"> Conclusion</a>
Allowing buyers to experience your property firsthand and actually envision themselves living in it should be the outcome of any house tour. There are lots of tips and ways to execute your scheduled viewing event to ensure that a lasting impression is made on every potential buyer that comes through which significantly increases your chances of securing a buyer.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="Why Open Houses are Important" title="Why Open Houses are Important" width="30" height="36" /> Why Open Houses are Important
Florida real estate is quite competitive. This means that conducting an opportunity for interested parties to view a property is not optional when it comes to selling a home in Florida. We've already mentioned that to get your best selling price, you want to attract as many potential buyers as possible. Open houses tend to attract a larger pool of potential buyers, increasing the likelihood of finding the right match for your home and getting that top dollar sale.
Hosting a home viewing event provides an opportunity for prospective buyers to explore your property and get a feel for all the unique features and layout that the seller gets to showcase and showcase well! An open house provides the opportunity for the seller to draw attention or highlight the home's best features which can certainly up the value. It should also be noted that open houses also allow interested buyers to ask questions and receive immediate answers, fostering a sense of trust and transparency.
When hosting such an occasion in Ponce Inlet, it's crucial to let your agent take control. Real estate professionals have extensive knowledge of the local market and understand how to highlight the best aspects of your property. Their expertise in negotiation and marketing will ensure that your open house does exactly what you, the seller, wants it to do!
Recently Listed in Ponce Inlet, FL
View Homes in Ponce Inlet, FL<br role="presentation" /> See detailed information & photos. <br role="presentation" /> <a href="https://www.ronsellsthebeach.com/property-search/results/?searchtype=2&searchid=596731&" class="si-btn si-btn--secondary">View Homes for Sale</a>
<img style="max-width: 40px; margin: 0 15px 0 0 !important; display: initial !important;" src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="8 Tips for a Successful Open House" title="8 Tips for a Successful Open House" width="30" height="36" />8 Tips for a Successful Open House
Anyone can have an open house but not everyone has a successful one. You want to approach this event strategically in order to maximize its effectiveness. Whether you're a first-time home seller or a seasoned pro, we have open house tips and insights for you that will make sure yours has the impact you want it to have on your overall selling experience.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Work with a Real Estate Professional" title="Work with a Real Estate Professional" /> Tip 1: Work with a Real Estate Professional
First and foremost, when selling a home in <a href="https://www.ronsellsthebeach.com/ponce-inlet/" target="_blank">Ponce Inlet</a>, hiring a real estate professional is absolutely key to achieving a successful open house. These professionals possess in-depth knowledge of the Florida real estate market, including the unique dynamics of Ponce Inlet. They have access to valuable resources and networks that can help market your property more than just effectively.
By working with a real estate professional, you benefit from their experience in staging and presenting your home. They can guide you on decluttering and enhancing curb appeal to make your property as attractive to potential buyers as possible. They know what’s selling. With that insight, comes the wisdom of knowing how to best highlight and feature the most sellable aspects of your property both inside and out. Do you know how often a key feature of a property is actually missed because it wasn’t showcased properly? A key feature can actually make or break a sale.
On top of all that, a real estate agent's local knowledge and connections give them an edge in marketing your home to the right audience, ensuring maximum exposure and interest as well as making sure that all legal aspects are covered and done as required for the specific selling area.
<img src="https://assets.site-static.com/userfiles/1460/image/Staging---Real-Estate.jpg" width="900" height="300" alt="Real Estate Agent Can Help With Staging Your House" title="Real Estate Agent Can Help With Staging Your House" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Spend Time Preparing Your Home for an Open House" title="Spend Time Preparing Your Home for an Open House" /> Tip 2: Spend Time Preparing Your Home for an Open House
To make a lasting impression on potential buyers, it's vital to prepare your home for the property viewing. Start by decluttering and staging all spaces to showcase your home’s full potential. You’d probably be surprised at how many people don’t actually think their home is cluttered. After all, it’s items you use everyday so you just don’t notice things. Just to be sure, why not ask your realtor to do a walk through with you. Be prepared to have your eyes opened.
Did you know that clearing out personal items makes it easier for a potential buyer to envision living here? It’s been proven. It’s amazing how even personal photos can greatly impact one’s ability to put themself in the home they're looking at. Removing excess furniture creates a clean and inviting atmosphere. Fun fact — this can even make a smaller home or room appear bigger.
Pay special attention to enhancing curb appeal in Ponce Inlet's coastal community by maintaining a well-manicured lawn and adding fresh flowers or plants. First impressions say so much and most often affect a potential sale more than the seller realizes.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Make Use of Marketing & Promotion" title="Make Use of Marketing & Promotion" /> Tip 3: Make Use of Marketing & Promotion
In today's digital age, leveraging online platforms and social media is essential in reaching potential buyers. Your real estate professional can help you market your home tour event effectively by creating captivating listings and promoting them on popular real estate websites. Utilize professional photography and virtual tours to showcase your property's best features. Photographs taken at different angles can change one’s perception of a property. You’d hate to miss the right buyer because a picture was taken wrongly. Don’t forget traditional marketing methods such as distributing flyers and hosting neighborhood previews to generate local interest especially when selling a home in Ponce Inlet, FL. Once again, a professional realtor knows what marketing works best for the area you’re selling in.
<img src="https://assets.site-static.com/userfiles/1460/image/Real-Estate-Photographer.jpg" width="900" height="300" alt=" Professional Photography Can Help Showcase Your Property's Best Features!" title=" Professional Photography Can Help Showcase Your Property's Best Features!" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Creating a Welcoming Atmosphere" title="Creating a Welcoming Atmosphere" /> Tip 4: Creating a Welcoming Atmosphere
When hosting an open house in Ponce Inlet, it's important to set the right ambiance to make potential buyers feel at home. Utilize natural lighting and strategically placed lamps to create a warm and inviting atmosphere. Consider using subtle scents, such as freshly baked cookies or a hint of citrus, to add a pleasant aroma to your space. You might laugh at this but studies have shown the positive impact that various scents have when showing potential buyers a property. And yes, there are positive scents and scents that can negatively impact — realtor’s know! Showcase the unique features of your home that align with Ponce Inlet's lifestyle, such as outdoor living spaces or proximity to the beach.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Don’t be Afraid to Engaging with Potential Buyers " title="Don’t be Afraid to Engaging with Potential Buyers " /> Tip 5: Don’t be Afraid to Engaging with Potential Buyers
Engaging with potential buyers is crucial during an open house. Your realtor can assist in this aspect by providing informational brochures about your property and the Ponce Inlet area. You want to encourage questions and actively listen to buyer feedback so as to understand their needs and address any concerns. By working with a knowledgeable, area real estate agent, you'll have the necessary expertise to engage with potential buyers effectively.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Offer Refreshments & Incentives" title="Offer Refreshments & Incentives" /> Tip 6: Offer Refreshments & Incentives
Providing snacks or beverages during the open house can create a welcoming atmosphere, stimulate conversation and encourage potential buyers to stay longer. Consider offering refreshments that reflect the coastal lifestyle of Ponce Inlet, such as chilled fruit-infused water or refreshing iced tea.
Have you considered incentives? Florida real estate is competitive. Incentives can be enticing for serious buyers in Ponce Inlet, such as offering a closing cost credit or home warranty. Another incentive is to include certain appliances. Your agent can guide you in determining appropriate incentives based on market conditions.
<img src="https://assets.site-static.com/userfiles/1460/image/Real-Estate-Open-House.jpg" width="900" height="300" alt="Offer Refreshments & Incentives At Your Open House" title="Offer Refreshments & Incentives At Your Open House" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Prepare yourself to Navigate the Negotiation Process" title="Prepare yourself to Navigate the Negotiation Process" /> Tip 7: Prepare yourself to Navigate the Negotiation Process
Once potential buyers show interest, it's essential to navigate the negotiation process with confidence and clarity. A real estate professional will guide you through offers and negotiations, ensuring you understand market dynamics in Ponce Inlet. They will help you evaluate offers, negotiate effectively, and secure the best deal when selling a home in Florida. Trust their expertise to handle the intricacies of the negotiation process while keeping your best interests in mind.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Have both Follow-Up & Post-Open House Strategies" title="Have both Follow-Up & Post-Open House Strategies" /> Tip 8: Have both Follow-Up & Post-Open House Strategies
Timely follow-ups with potential buyers are crucial in maintaining their interest and increasing the chances of securing a sale. This is another reason to work with a real estate professional! They look after this aspect by reaching out to potential buyers and providing any additional information they may need. This can be stressful if you don’t know what you’re doing and definitely requires excellent communication skills. Based on open house feedback, you can plan for future marketing strategies to target specific buyer preferences. Remember, partnering with a knowledgeable real estate professional is invaluable in orchestrating successful post-open house strategies.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Conclusion" title="Conclusion" /> Conclusion
As you can see, there is a lot to be considered in hosting a successful open house when selling your home in Ponce Inlet, Florida. It requires careful planning and the expertise of a professional real estate agent. Understanding the current market conditions in your area is crucial for effectively planning your open house and marketing your property. Unfortunately, sellers on their own just don't have access to this valuable information. The above mentioned tips and insights, along with the guidance and support of a knowledgeable real estate professional will be your greatest asset throughout the home-selling process. A successful open house leads to a successful sale when selling in Ponce Inlet!
We provide specialists for every part of the sales process to ensure our customers receive world class service. This team of experienced real estate specialists know the industry, the diverse Florida markets we serve, and our organization well. Our primary focus is always on the buyers and sellers we serve, because we want to ensure your next real estate transaction is as easy as a day at the beach!
<img class="cta-img-without-shadow-mobile" src="https://assets.site-static.com/userfiles/1460/image/Ron-Standing-img.jpg" alt="The Ultimate Guide To Living In 76123, Fort Worth, Texas" width="270" height="230" style="margin: 0 0 30px 0 !important;" data-uw-rm-ima="gn" />
LOOKING TO SELL IN FLORIDA? SPEAK WITH A LOCAL EXPERT TODAY!
<a href="tel:386-871-7697" aria-label="call 386-871-7697" data-uw-rm-brl="exc">Call Today!</a>
2024-02-21T00:11:33-07:002024-03-12T13:09:28-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:417036 Things You Need To Know When Selling Your Home In Ormond Beach, FL<img src="https://assets.site-static.com/userfiles/1460/image/6_Things_You_Need_To_Know_When_Selling_Your_Home_In_Ormond_Beach_FL_1.png" width="900" height="375" alt="6 Things You Need To Know When Selling Your Home In Ormond Beach, FL" title="6 Things You Need To Know When Selling Your Home In Ormond Beach, FL" />
Welcoming those from all over, <a href="https://www.ronsellsthebeach.com/ormond-beach/" target="_blank">Ormond Beach</a>, situated in <a href="https://www.ronsellsthebeach.com/volusia/" target="_blank">Volusia County</a>, Florida, is a city with a vibrant history and a distinctive claim to fame as the "Birthplace of Speed." Its global renown stems from attracting daring drivers who pursued speed records on the expansive, firm, sandy shoreline.
Apart from its historic racing legacy, Ormond Beach has emerged as one of Florida's premier residential destinations, offering a unique blend of small-town charm and the practicality of urban living. With stunning beaches and a lifestyle that seamlessly balances activity and tranquility, selling your home in Ormond Beach requires a keen understanding of its unique character and real estate dynamics.
Table of Contents
<a href="https://www.ronsellsthebeach.com/#link-1"> Ormond Beach, FL Real Estate Market</a>
<a href="https://www.ronsellsthebeach.com/#link-2"> 6 Things to Know When Selling in Ormond Beach, Florida</a>
<a href="https://www.ronsellsthebeach.com/#link-3"> Understanding Market Conditions</a>
<a href="https://www.ronsellsthebeach.com/#link-4"> Legal Considerations</a>
<a href="https://www.ronsellsthebeach.com/#link-5"> Choosing a Local Real Estate Agent<br /></a>
<a href="https://www.ronsellsthebeach.com/#link-6"> Appraisals & Inspections</a>
<a href="https://www.ronsellsthebeach.com/#link-7"> Professional Staging</a>
<a href="https://www.ronsellsthebeach.com/#link-8"> Closing the Sale</a>
<a href="https://www.ronsellsthebeach.com/#link-9"> Tips to Enhance Your Home<br /></a>
<a href="https://www.ronsellsthebeach.com/#link-10"> Boost Curb Appeal</a>
<a href="https://www.ronsellsthebeach.com/#link-11"> Interior Upgrades</a>
<a href="https://www.ronsellsthebeach.com/#link-12"> Declutter & Depersonalize<br /></a>
<a href="https://www.ronsellsthebeach.com/#link-13"> Price it Right</a>
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="Sea Colony Real Estate" title="Sea Colony Real Estate" width="30" height="36" /> Ormond Beach, FL Real Estate Market
In the heart of Ormond Beach, FL, affordable coastal living unfolds against a backdrop of beautiful real estate offerings. Catering to a diverse range of preferences, condos, and apartment units have emerged as popular choices for those seeking a blend of comfort and style in this sought-after community.
These options provide an attractive entry point for those desiring a taste of the coastal lifestyle without compromising affordability. Amidst this variety, detached, single-family homes stand as the cornerstone of Ormond Beach's housing landscape.
Common yet captivating, these homes come in a remarkable array of styles, featured in listings that span from inviting cottage-style residences to well-appointed bungalows and larger two-story homes.
Recently Listed in Ormond Beach, FL
View Homes in Ormond Beach, FL<br role="presentation" /> See detailed information & photos. <br role="presentation" /> <a href="https://www.ronsellsthebeach.com/property-search/results/?searchtype=2&searchid=596727&" class="si-btn si-btn--secondary">View Homes for Sale</a>
<img style="max-width: 40px; margin: 0 15px 0 0 !important; display: initial !important;" src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="Sea Colony Real Estate" title="Sea Colony Real Estate" width="30" height="36" />6 Things to Know When Selling in Ormond Beach, Florida
Selling a home in Florida requires a keen understanding of local real estate trends, as well as an appreciation for the unique nuances that come with selling property in such a diverse and vibrant destination. Here are essential things to keep in mind when selling your home in Ormond Beach.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Understanding Market Conditions" title="Understanding Market Conditions" /> 1. Understanding Market Conditions
Successfully selling a home in Ormond Beach, FL, requires a profound awareness of the prevailing market conditions. The local real estate scene is shaped by various factors, including seasonal shifts, economic trends, and the unique coastal influences of this wonderful city.
Proximity to the beach can significantly impact the market. Sellers should stay attuned to current trends, recent comparable sales, and the overall health of the housing market in Ormond Beach. Armed with this knowledge, sellers can strategically price their homes, implement effective marketing strategies, and make informed decisions throughout the selling process.
<img src="https://assets.site-static.com/userfiles/1460/image/Real-Estate-Market-Research.jpg" width="900" height="300" alt="Understanding Market Conditions In Ormond Beach, FL" title="Understanding Market Conditions In Ormond Beach, FL" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Legal Considerations" title="Legal Considerations" /> 2. Legal Considerations
Paying close attention to legal considerations is imperative when selling a home in Ormond Beach, FL. Sellers need to adhere to disclosure requirements, ensuring transparency regarding the property's condition and any pertinent issues. Equally essential is a thorough understanding of Florida's Homestead Laws, which offer unique protections and exemptions for primary residences. To facilitate a smooth and compliant transaction, sellers must be aware of their responsibilities and rights under these laws.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Choosing a Local Real Estate Agent" title="Choosing a Local Real Estate Agent" /> 3. Choosing a Local Real Estate Agent
Choosing the right real estate agent is a critical step when selling a home in Ormond Beach, FL. Look for agents with local expertise, as familiarity with the specific nuances of Ormond Beach's real estate market can prove invaluable. An experienced agent should have a track record of successful transactions in the area and possess a comprehensive understanding of current market conditions.
Effective communication is key, so selecting an agent who is responsive, transparent, and attentive to your needs is crucial. Additionally, consider an agent's marketing strategies; a successful sale often hinges on effective promotion. Look for an agent who utilizes a mix of online and offline marketing tools to maximize your home's visibility. Conversely, be wary of red flags such as lack of responsiveness, limited local market knowledge, or a pushy sales approach.
A trustworthy agent should be upfront about their fees and be able to provide references from past clients. Avoid agents who over promise on the sale price without substantiating it with a realistic market analysis. It's essential to feel confident in your agent's abilities, knowledge, and integrity before entrusting them with the sale of your home.
<img src="https://assets.site-static.com/userfiles/1460/image/Showing-Home-With-Agents.jpg" width="900" height="300" alt="Choosing a Local Real Estate Agent" title="Choosing a Local Real Estate Agent" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Appraisals & Inspections" title="Appraisals & Inspections" /> 4. Appraisals & Inspections
One of the most pivotal stages during the selling process is navigating through the steps of appraisals and inspections. These critical evaluations are integral in providing comprehensive insights into the property's condition and market value. Appraisals, carried out by licensed professionals, play a central role in determining the fair market value, influencing the listing price and financing options available to buyers.
Concurrently, thorough inspections meticulously assess the structural and functional aspects of the property, identifying any potential issues that may require attention. Proactive sellers who address concerns surfaced during these evaluations not only enhance the overall appeal of their homes but also build confidence among potential buyers.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Professional Staging" title="Professional Staging" /> 5. Professional Staging
Professional staging holds significant importance when selling a home as it transforms the property into a visually appealing and inviting space, making a positive first impression on potential buyers. Staging helps showcase the home's potential by highlighting its key features, maximizing space, and creating an aesthetically pleasing environment. By depersonalizing and neutralizing the decor, professional staging allows potential buyers to envision themselves in the home, fostering a connection that can lead to a quicker sale.
<img src="https://assets.site-static.com/userfiles/1460/image/Home-Staging.jpg" width="900" height="300" alt="Professional Staging Helps When Selling A Home In Ormond Beach, FL" title="Professional Staging Helps When Selling A Home In Ormond Beach, FL" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Closing the Sale" title="Closing the Sale" /> 6. Closing the Sale
Sellers should be well-acquainted with the specific steps involved, which typically include preparing and signing the necessary documents, coordinating with various parties, and fulfilling legal obligations. This phase also involves addressing potential obstacles that may arise, such as resolving any issues uncovered during inspections or negotiations.
Engaging with a knowledgeable professional title company or attorney becomes highly beneficial during this stage, as they can guide sellers through the intricacies of the closing process, ensuring that all necessary requirements are met and contributing to a successful conclusion of the home-selling journey in Ormond Beach.
<img src="https://assets.site-static.com/userfiles/1460/image/Luxury-Asset-7.png" width="30" height="22" alt="Tips to Enhance Your Home" title="Tips to Enhance Your Home" /> Tips to Enhance Your Home
Now for the fun part! If you're considering selling your home in Ormond Beach, why not take it to the next level and enhance its appeal? With a few small tweaks and updates, you can transform an already desirable property into a show-stopping gem that stands out in the market.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Boost Curb Appeal" title="Boost Curb Appeal" /> Boost Curb Appeal
First impressions matter, and elevating your home's curb appeal is a powerful way to captivate potential buyers. Begin by maintaining a well-manicured lawn, trimming bushes, and adding fresh flowers for a burst of color. Consider a fresh coat of paint for the front door and shutters, ensuring they complement the overall aesthetic. Repair any visible exterior issues, such as cracked pathways or missing shingles. Investing in outdoor lighting can also create an inviting ambiance, especially during evening showings. A welcoming exterior sets a positive tone for the entire home-buying experience.
<img src="https://assets.site-static.com/userfiles/1460/image/Maintaing-Grass---Grass-Cutting.jpg" width="900" height="300" alt=" Boost Curb Appeal By Maintaining Grass" title=" Boost Curb Appeal By Maintaining Grass" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Interior Upgrades" title="Interior Upgrades" /> Interior Upgrades
Interior upgrades can significantly enhance your home's perceived value. Focus on high-impact areas like the kitchen and bathrooms, considering minor renovations or updates. Replace outdated fixtures, such as faucets and cabinet handles, and consider a fresh coat of neutral paint to create a modern, inviting atmosphere. Evaluate flooring conditions, and if necessary, invest in professional cleaning or replacement. Proper lighting can enhance the ambiance, so consider modern fixtures and ample natural light. Mindful interior upgrades make your home more appealing and demonstrate meticulous care and attention.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Declutter & Depersonalize" title="Declutter & Depersonalize" /> Declutter & Depersonalize
Creating a clutter-free and depersonalized environment allows potential buyers to envision themselves in your home. Start by decluttering each room, and removing excess furniture and personal items. Consider organizing closets and storage spaces to showcase ample storage potential. Depersonalizing involves minimizing family photos and unique decor items, creating a neutral canvas for prospective buyers. A clean, clutter-free home appears more spacious and enables buyers to envision their own style and lifestyle within the space.
<img src="https://assets.site-static.com/userfiles/1460/image/Keep-or-Donate.jpg" width="900" height="300" alt="Declutter & Depersonalize When Selling In Ormond Beach, FL" title="Declutter & Depersonalize When Selling In Ormond Beach, F" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Price it Right" title="Price it Right" /> Price it Right
Pricing your home appropriately is a strategic move to attract serious buyers. Conduct thorough research on comparable properties in your area to understand the market trends. Consider consulting with a real estate professional to assess the unique features and condition of your home. A competitive yet realistic pricing strategy positions your home favorably in the market, generating interest and increasing the likelihood of a timely sale. Balancing your home's value with current market conditions ensures a fair and appealing price for potential buyers.
Well if you didn't feel prepared to sell your home in the beautiful Ormond Beach before, you should now. And while the first few steps might seem daunting, remember that you have a team of professionals on your side to guide you through the process. With careful planning, strategic pricing, and attention to detail, selling your home in Ormond Beach might just be your next big adventure.
We provide specialists for every part of the sales process to ensure our customers receive world class service. This team of experienced real estate specialists know the industry, the diverse Florida markets we serve, and our organization well. Our primary focus is always on the buyers and sellers we serve, because we want to ensure your next real estate transaction is as easy as a day at the beach!
<img class="cta-img-without-shadow-mobile" src="https://assets.site-static.com/userfiles/1460/image/Ron-Standing-img.jpg" alt="The Ultimate Guide To Living In 76123, Fort Worth, Texas" width="270" height="230" style="margin: 0 0 30px 0 !important;" data-uw-rm-ima="gn" />
LOOKING TO SELL IN FLORIDA? SPEAK WITH A LOCAL EXPERT TODAY!
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2024-01-28T21:41:15-07:002024-03-06T09:53:59-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:40927Looking To Downsize In Daytona Beach, FL? 4 Things You Need To Know<img src="https://assets.site-static.com/userfiles/1460/image/Looking_To_Downsize_In_Daytona_Beach_FL__4_Things_You_Need_To_Know_1.png" width="900" height="375" alt="Looking To Downsize In Daytona Beach, FL? 4 Things You Need To Know" title="Looking To Downsize In Daytona Beach, FL? 4 Things You Need To Know" />
Are you looking to downsize in beautiful <a href="https://www.ronsellsthebeach.com/daytona-beach/" target="_blank">Daytona Beach, FL</a>? Downsizing has many benefits, such as reducing the amount of maintenance and expenses that come with a larger home. It can be both exciting and challenging. We want to provide you with everything you need to know before making the transition. From the best neighborhoods to the local real estate market, we'll guide you through the process of downsizing. Whether you're an empty nester looking to simplify or a retiree seeking a new beginning, our guidance will lead you into this next chapter of your life as stress-free as possible. Keep reading for the tips and advice you need to maximize your move.
Table of Contents
<a href="https://www.ronsellsthebeach.com/#link-1"> Kitchen Renovations</a>
<a href="https://www.ronsellsthebeach.com/#link-2"> Bathroom Upgrades</a>
<a href="https://www.ronsellsthebeach.com/#link-3"> Energy-Efficient Modifications</a>
<a href="https://www.ronsellsthebeach.com/#link-4"> Outdoor Living Spaces</a>
<a href="https://www.ronsellsthebeach.com/#link-5"> Curb Appeal Enhancements<br /></a>
<a href="https://www.ronsellsthebeach.com/#link-6"> Conclusion</a>
<img style="max-width: 40px; margin: 0 15px 0 0 !important; display: initial !important;" src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="Downsizing in Daytona Beach" title="Downsizing in Daytona Beach" width="30" height="36" />Downsizing in Daytona Beach
Before we dive into the specifics, it's essential to understand why downsizing in Daytona Beach can be beneficial. Daytona Beach offers a great climate, stunning beaches, a wide range of recreational activities, and a relaxed lifestyle. The area is known for its affordability compared to other areas in Florida, allowing new residents to simplify their lives and reduce expenses, while still enjoying all the benefits of living a quality life.
When it comes to downsizing in Daytona Beach, there are several popular types of real estate that are perfect for retirees, empty-nesters, and those looking for a smaller, more affordable option. One option is to downsize to a smaller single-family home. These homes typically have less maintenance and smaller yards, making them easier to manage as you age. Another popular option is downsizing to a condominium or townhouse. These trendy properties often offer amenities such as swimming pools, fitness centers, and maintenance services, allowing residents to enjoy a carefree lifestyle. Downsizing to an apartment or rental property is also a viable option for those who prefer a low-maintenance lifestyle without the responsibilities of homeownership. There are plenty of tips for downsizing homes out there.
There are many popular neighborhoods in <a href="https://www.ronsellsthebeach.com/daytona-beach/" target="_blank">Daytona Beach</a> that are considered perfect for downsizing. One such neighborhood is LPGA International, which offers a variety of housing options including single-family homes, townhouses, and condominiums. This gated community features golf courses, fitness centers, and a clubhouse, providing residents with plenty of activities and amenities.
<img src="https://assets.site-static.com/userfiles/1460/image/Teeing-Up-At-Golf.jpg" width="900" height="300" alt="Golfing In Daytona Beach, FL" title="Golfing In Daytona Beach, FL" />
Another popular neighborhood is <a href="https://www.ronsellsthebeach.com/daytona-beach/pelican-bay/" target="_blank">Pelican Bay</a>, a gated community that offers both single-family homes and condominiums. Pelican Bay has beautiful water views and is known for its peaceful atmosphere. This neighborhood provides a peaceful environment, with amenities such as golf courses and walking trails.
If you’re downsizing in retirement, <a href="https://www.latitudemargaritaville.com/" target="_blank">Latitude Margaritaville</a> is a sought-after 55+ community in Daytona Beach. It offers a variety of floor plans and sizes to suit different preferences and budgets. With its prime beach location, residents can enjoy outdoor activities and the warm Florida weather. Amenities include a fitness center, swimming pools, tennis courts, and a clubhouse for social gatherings. There are also dining options, shopping centers, multiple golf courses, green spaces, and entertainment venues nearby.
For those considering downsizing in Daytona Beach, FL any one of the above-mentioned neighborhoods provides an attractive option for those looking for a fulfilling and active lifestyle with less upkeep and maintenance. Of course, there are many others to explore. Don’t miss out—a professional realtor will help you find the perfect option for you!
Recently Listed in Daytona Beach, FL
View Homes in Daytona Beach, FL<br role="presentation" /> See detailed information & photos. <br role="presentation" /> <a href="https://www.ronsellsthebeach.com/property-search/results/?searchtype=2&searchid=847638" class="si-btn si-btn--secondary">View Homes for Sale</a>
<img style="max-width: 40px; margin: 0 15px 0 0 !important; display: initial !important;" src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="What to Know About Downsizing in Daytona Beach, FL" title="What to Know About Downsizing in Daytona Beach, FL" width="30" height="36" />What to Know About Downsizing in Daytona Beach, FL
When contemplating downsizing in Daytona Beach, there are multiple elements that contribute to its advantages and appeal to people. First, the cost of living in Daytona Beach is relatively lower compared to other popular locations. This means that downsizing to a smaller home or apartment in this area can lead to significant savings. Freeing up equity from a larger home can greatly impact your lifestyle.
The city offers a wide range of housing options suitable for downsizing, such as smaller homes, condos, or apartments. This allows individuals or families to find a space that meets their needs without compromising on comfort or quality.
Daytona Beach boasts a vibrant and active community, with numerous amenities and recreational activities available nearby—beautiful beaches, golf courses, and cultural attractions. This ensures that downsizing does not equate to a loss of social or cultural opportunities.
<img src="https://assets.site-static.com/userfiles/1460/image/1Daytona%20Beach.jpg" width="900" height="300" alt="Wide Range Of Housing Options When Downsizing In Daytona Beach, Fl" title="Wide Range Of Housing Options When Downsizing In Daytona Beach, Fl" />
The city's pleasant climate, plenty of sunshine, friendly community atmosphere, and beautiful beaches provide a desirable backdrop for those seeking a relaxing and enjoyable lifestyle. Downsizing in Daytona Beach offers the perfect balance of convenience, affordability, and leisure for individuals looking to simplify their living arrangements. Now, let's delve into specific tips and considerations for downsizing in Daytona Beach:
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Evaluate Your Needs" title="Evaluate Your Needs" /> 1. Evaluate Your Needs
When downsizing, it's crucial to evaluate your needs before making any decisions. Assessing what you need in your new, smaller home is essential to ensure a smooth transition. This evaluation process involves deciding on a location, determining the amount of space you require for your lifestyle, and considering any specific features or amenities that are important to you.
It's important to strike a balance between needs and wants when downsizing. While it may be tempting to focus solely on your wants, it's wise to prioritize your needs to ensure a comfortable and functional living space. By finding a balance between needs and wants, you can make downsizing a positive experience and ensure your happiness and satisfaction in the long run. The more realistic you are about both these factors, the better equipped you'll be to find the perfect place for you.
<img src="https://assets.site-static.com/userfiles/1460/image/Evaluate-Your-Needs-When-Buying.jpg" width="900" height="300" alt="Evaluate Your Needs When Downsizing In Daytona Beach, FL" title="Evaluate Your Needs When Downsizing In Daytona Beach, FL" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Finding the Right Neighborhood" title="Finding the Right Neighborhood" /> 2. Finding the Right Neighborhood
Finding the right neighborhood is key as you prepare to downsize. There are several important factors to take into consideration as you choose the best one for you. One of the main things to look for is the overall quality of life in the area. This includes factors such as proximity and access to grocery stores, shopping centers, and recreational activities. You want a neighborhood that offers convenience and easy access to all these services.
Be sure to consider the cost of living in each neighborhood, as this will have a significant impact on your overall budget. This includes any home association fees, maintenance fees, and additional charges for any services, amenities, or even memberships that may be available but at a cost.
Another important factor to consider is the availability of social and community activities, as these can greatly enhance this transition. By considering these factors and comparing different neighborhoods, you can find the perfect neighborhood to downsize to and very much enjoy this new chapter in Daytona Beach.
<img src="https://assets.site-static.com/userfiles/1460/image/Neighborhood-In-Daytona-Beach-FL.jpg" width="900" height="300" alt="Finding the Right Neighborhood In Daytona Beach, FL" title="Finding the Right Neighborhood In Daytona Beach, FL" />
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Financial Considerations" title="Financial Considerations" /> 3. Financial Considerations
When downsizing, it's essential to have a clear understanding of your financial situation. This includes knowing how much you can afford to spend on a new home, as well as understanding the costs associated with moving and downsizing. It's also important to consider any potential tax implications of downsizing, such as capital gains taxes.
Daytona Beach is an affordable area to live in compared to other parts of Florida. However, it's still important to be mindful of your budget. Consider working with a financial advisor so you have a clear understanding of your financial picture going forward. Working with both a financial advisor and a knowledgeable real estate agent will help you make informed decisions and avoid any stressful surprises during and after the downsizing process.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="30" height="36" alt="Work with a Local Real Estate Agent" title="Work with a Local Real Estate Agent" /> 4. Work with a Local Real Estate Agent
Working with a local real estate agent is an absolute must when downsizing. A local agent will have a better understanding of the local market and can help you find a home and neighborhood that meets your needs and budget. They can also help you navigate the downsizing process, including selling your current home and finding a new one. A good realtor will have access to good resources and tips on how to downsize your home, moving companies, and more.
When choosing a real estate agent, look for someone who has experience working with downsizers. They should be familiar with the areas you are considering and be able to make recommendations or suggestions based on your needs, budget, and lifestyle.
<img src="https://assets.site-static.com/userfiles/1460/image/Clients-Viewing-Home-With-Realtor.jpg" width="900" height="300" alt="Work With A Local Daytona Beach, FL Real Estate Agent" title="Work With A Local Daytona Beach, FL Real Estate Agent" />
<img src="https://assets.site-static.com/userfiles/1460/image/Luxury-Asset-7.png" width="30" height="22" alt="Things to Do in Daytona Beach, FL" title="Things to Do in Daytona Beach, FL" /> Things to Do in Daytona Beach, FL
Daytona Beach is a great place to retire due to its abundance of activities and attractions. With its beautiful beaches, vibrant arts scene, and proximity to nature, there’s always something to do or explore. One of the main attractions in Daytona Beach is, of course, the beach itself. The wide stretch of sandy shores offers opportunities for swimming, sunbathing, and beach walks. Enjoy relaxing by the ocean or engaging in water sports such as paddle boarding or kayaking.
But, it's not just about the beach. Daytona Beach offers a variety of cultural and entertainment options. The city is home to several art galleries, museums, and theaters, providing lots of opportunities to indulge artistic interests. The <a href="https://www.masmacon.org/" target="_blank">Museum of Arts and Sciences</a> is a popular destination, featuring exhibits on art, science, and history. The Daytona Playhouse offers a range of productions, from classic plays to contemporary works. You can enjoy live performances or better yet, participate in community theater.
Daytona Beach is also home to the <a href="https://www.daytonainternationalspeedway.com/" target="_blank">Daytona International Speedway</a>. Known as the "World Center of Racing," this iconic venue hosts numerous NASCAR races and other motorsports events throughout the year.
Like to golf? Daytona Beach is home to several golf courses. The warm climate of Florida allows for year-round golfing. Golf enthusiasts can take advantage of the well-maintained courses and beautiful scenery while enjoying a round of golf with friends.
The area boasts a range of fabulous dining and shopping options, including the Daytona Beach Boardwalk and Pier and the Ocean Walk Shoppes. Daytona provides plenty of options when it comes to things to do and places to explore making it a great place to downsize too.
Downsizing to Daytona Beach can be an exciting and rewarding experience. By evaluating your needs, finding the right neighborhood, understanding your financial situation, and working with a local real estate agent, you can make the downsizing process as smooth and stress-free as possible. The best is yet to come!
We provide specialists for every part of the sales process to ensure our customers receive world class service. This team of experienced real estate specialists know the industry, the diverse Florida markets we serve, and our organization well. Our primary focus is always on the buyers and sellers we serve, because we want to ensure your next real estate transaction is as easy as a day at the beach!
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2023-12-18T11:15:38-07:002024-02-01T11:39:11-07:00Asterisk Marketingtag:ronsellsthebeach.com,2012-09-20:40559The Importance of Prompt Holiday Decoration Removal for Florida Home Sellers<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/Blog_Photos_27.jpg" width="350" height="233" alt="woman pulling an old christmas tree in the yard" class="img_box_left" />Introduction
In the vibrant and competitive Florida real estate market, selling a home requires strategic planning and keen attention to detail. One aspect that is often overlooked but can significantly impact a sale is the management of holiday decorations. As we usher in the New Year, Florida home sellers should consider the prompt removal of holiday decorations to enhance their home’s appeal and marketability. This article delves into why removing holiday decorations quickly after the New Year is crucial for home sellers in Florida.
1. Maintaining Curb Appeal
Holiday decorations, while festive and attractive during the season, can quickly become an eyesore once the holidays are over. In Florida, where real estate transactions occur year-round due to the pleasant weather, it’s essential to maintain curb appeal. Outdated or lingering holiday decorations can give the impression of neglect, detracting from the home’s overall appeal. Removing these decorations promptly ensures that the property looks well-maintained and ready for sale.
2. Attracting a Wider Audience
Florida’s real estate market attracts a diverse array of buyers, including international investors and residents from various cultural backgrounds. Keeping holiday decorations up beyond the season can inadvertently signal a lack of universality in the home’s appeal. By removing these decorations, sellers present a neutral environment, making the property more attractive to a broader audience.
3. Highlighting the Property’s Features
The primary focus for potential buyers should be the home’s architectural features and layout, not the temporary adornments. Post-New Year, holiday decorations can distract from important aspects of the home like the space, natural light, and structural integrity. Removing these decorations allows buyers to focus on the property itself, increasing the chances of a sale.
4. Avoiding the Impression of Stagnation
In real estate, time is of the essence. Properties that remain on the market for extended periods often lose their appeal. Holiday decorations that are not removed in a timely manner can give the impression that the property has been on the market for too long, potentially deterring buyers who might question why the house hasn't sold yet.
5. Reflecting a Readiness to Sell
Quick removal of holiday decorations after the New Year demonstrates a seller’s seriousness and readiness to move on. It shows prospective buyers that the seller is proactive and diligent, traits that can instill confidence in the transaction. This readiness can also translate into a quicker sales process, as it indicates the seller’s commitment to accommodating potential buyers’ schedules for viewings and open houses.
6. Adapting to Market Trends
The Florida real estate market is dynamic, with trends changing rapidly. Sellers need to adapt their strategies to these changes, including how they present their homes. As the holiday season ends, buyers’ expectations shift, and a home that reflects the current market trend has a better chance of selling. Removing holiday decorations is a step towards aligning with these evolving trends.
7. Ensuring High-Quality Listing Photos
For online listings, the quality and relevance of photos are paramount. Photos with outdated holiday decorations can mislead potential buyers about the listing’s currency. By removing these decorations and updating photos, sellers ensure that their online listings remain relevant and appealing.
8. Managing Maintenance and Upkeep
Holiday decorations, especially those outdoors, can suffer wear and tear due to weather conditions. This deterioration can negatively impact the home's exterior appearance. Prompt removal and cleanup help maintain the property in pristine condition, a key factor in attracting buyers.
9. Respecting Cultural Sensitivities
Florida’s cultural diversity means that not all potential buyers may celebrate the same holidays or share the same sentiments towards certain decorations. Removing holiday decorations helps maintain cultural neutrality, ensuring that all potential buyers feel welcome and comfortable when viewing the property.
10. Streamlining the Staging Process
Home staging is crucial in real estate sales. It involves decluttering and optimizing the space to appeal to buyers. Holiday decorations can clutter the space and impede effective staging. Their removal allows for a clearer vision of the space, which is essential for effective staging.
11. Capitalizing on the Post-Holiday Market
The period immediately after the New Year often sees a renewed interest in real estate as buyers resume their search following the holiday slowdown. Removing holiday decorations positions the property to capitalize on this surge of interest, presenting the home as fresh and in sync with the new year.
12. Simplifying the Moving Process
For sellers, the removal of holiday decorations is also a practical step in the moving process. It’s an opportunity to declutter and organize, making the eventual move smoother and more efficient.
Conclusion
In conclusion, the prompt removal of holiday decorations after the New Year is a strategic decision that can influence the sale of a home in Florida. This action not only enhances the property’s curb appeal but also aligns it with market expectations and buyer preferences. By presenting a clean, neutral, and well-maintained property, sellers increase their chances of a successful and timely sale. 2023-12-17T09:04:00-07:002023-11-27T09:35:08-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:40567The Strategic Advantage of Purchasing a Florida Condo in January or February
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/Blog_Photos_29.jpg" width="350" height="233" alt="person writing near a chess board" class="img_box_left" />Introduction
The decision to buy a condo, especially in a sought-after location like Florida, involves careful consideration of various factors, including the timing of the purchase. Buying a condo in Florida during January or February offers several unique advantages. From better deals to less competition, this period can be ideal for prospective buyers. This article explores the myriad benefits of purchasing a Florida condo in these early months of the year.
1. Less Competition in the Market
The start of the year typically sees a slowdown in real estate activity. Many potential buyers are recovering from the holiday season's expenses or are less inclined to embark on a major purchase. This reduction in buyer competition can be advantageous for those looking to purchase a condo in Florida. With fewer buyers in the market, individuals have a better chance of securing their preferred property without the pressure of a bidding war.
2. Motivated Sellers and Better Deals
Post-holiday season, sellers who have had their properties on the market for a while are often more motivated to sell. This eagerness can translate into better deals for buyers, including lower prices or more favorable terms in the negotiation. Sellers might be more willing to accommodate buyer requests or offer concessions to close the deal.
3. End-of-Year Financial Incentives
For those involved in investment properties or seeking tax advantages, purchasing a condo at the beginning of the year can be beneficial. It allows for an entire year of property-related deductions, including mortgage interest, property taxes, and possibly depreciation. This timing can be particularly advantageous for buyers looking to optimize their financial planning and tax strategies.
4. More Attention from Real Estate Agents
With fewer transactions occurring in January and February, real estate agents are typically less busy. This availability means that buyers can receive more personalized attention, benefiting from the agent’s full resources and expertise. Agents might have more time to search for properties, negotiate deals, and provide a higher level of service to their clients.
5. Favorable Mortgage Rates Early in the Year
While mortgage rates fluctuate due to various economic factors, the beginning of the year can sometimes offer favorable conditions for securing a mortgage. Lenders resetting their annual targets may be more inclined to offer competitive rates to attract early-year borrowers. Additionally, fewer loan applications during this period can lead to quicker processing times.
6. Experiencing the Condo During Peak Season
Purchasing a condo in Florida during January or February allows buyers to experience the property and its surroundings during peak season. This period is when the weather is most pleasant, and the community is vibrant, offering a true taste of what living in the condo will be like during the most active times of the year.
7. Preparing for Rental Opportunities
For buyers interested in renting out their condos, purchasing early in the year prepares them for the high season later in the year. It provides ample time to furnish, decorate, and list the property for rent, maximizing rental income potential.
8. Advantageous for Relocation and Retirement Plans
For those looking to relocate or retire in Florida, buying a condo early in the year aligns well with retirement schedules and relocation plans. It allows new residents to settle in before the busiest times of the year and take full advantage of the spring and summer seasons in their new home.
9. Better Inventory After the Holiday Rush
The post-holiday period often sees a fresh influx of properties on the market, as sellers who waited through the holidays list their condos. This increase in inventory gives buyers a wider selection of options to choose from, improving their chances of finding a condo that meets their specific needs and preferences.
10. Opportunity for Off-Season Discounts
In some Florida regions, January and February are considered off-peak for tourism. This situation can lead to discounts and lower prices in related services, such as moving companies, furniture stores, and home improvement services. Buyers can capitalize on these off-season discounts to furnish and customize their new condos.
11. Gauging Community Dynamics
Buying during this period allows individuals to observe and gauge the dynamics of the condo community. They can assess factors like maintenance efficiency, community engagement, and overall management, which are crucial for a comfortable living experience.
12. Time for Customization and Renovation
Purchasing a condo early in the year provides ample time for any desired renovations or customizations. With the peak remodeling season typically occurring in the spring and summer, starting these projects early can lead to quicker completion and potentially lower costs.
Conclusion
In conclusion, buying a Florida condo in January or February presents several strategic advantages. From financial benefits like better deals and favorable mortgage rates to practical considerations like less competition and more personalized attention from real estate agents, this timing can significantly benefit buyers. Additionally, experiencing the property during the peak season and having ample time for customization and renovation are considerable pluses. Whether for investment, relocation, retirement, or vacation purposes, purchasing a Florida condo in these early months of the year can lead to a more
2023-12-10T09:13:00-07:002023-11-27T12:22:44-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:40428Revealed: 5 Renovations To Add Value To Your Home When Selling In Florida<img src="https://assets.site-static.com/userfiles/1460/image/1Revealed__5_Renovations_To_Add_Value_To_Your_Home_When_Selling_In_Florida.png" width="900" height="375" alt="renovations to add value to home" title="renovations to add value to home" />
The Florida real estate market is currently experiencing strong and steady growth. With a high demand for properties, homeowners looking to sell their homes in Florida have an opportunity to capitalize on this favorable market. However, to stand out among the competition and maximize the selling price, it's essential to consider home renovation ideas that add value to the property.
Table of Contents
<a href="https://www.ronsellsthebeach.com/#link-1"> Kitchen Renovations</a>
<a href="https://www.ronsellsthebeach.com/#link-2"> Bathroom Upgrades</a>
<a href="https://www.ronsellsthebeach.com/#link-3"> Energy-Efficient Modifications</a>
<a href="https://www.ronsellsthebeach.com/#link-4"> Outdoor Living Spaces</a>
<a href="https://www.ronsellsthebeach.com/#link-5"> Curb Appeal Enhancements<br /></a>
<a href="https://www.ronsellsthebeach.com/#link-6"> Conclusion</a>
Renovations to increase home value, significantly raise the appeal of your home to potential buyers which ultimately leads to a higher selling price. By investing in upgrades such as modern kitchens and bathrooms, energy-efficient features, or outdoor living spaces, homeowners can attract more buyers and command a higher price for their property. While renovating can be a significant investment upfront, the return on investment is often well worth it in the competitive Florida real estate market. By the end of this article, you'll be equipped with valuable insights to add value to your home and maximize your selling price in the thriving Florida real estate market.
<img style="max-width: 40px; margin: 0 15px 0 0 !important; display: initial !important;" src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="Kitchen Renovations" title="Kitchen Renovations" width="52" height="63" />Kitchen Renovations
Nothing impacts a selling price quite like a new or updated kitchen. The kitchen is often considered the heart of the home and is one of the most important areas for many potential buyers. Key features to upgrade in a kitchen renovation include countertops, cabinets, appliances, and lighting. Upgrading to granite or quartz countertops can instantly elevate the look of your kitchen while replacing outdated cabinets with more contemporary designs can create a fresh and appealing space. Investing in high-quality appliances not only improves functionality but also adds value to the overall kitchen. Simply replacing lighting fixtures can brighten up the space and give it a more modern feel.
There are both do-it-yourself projects and tasks that require the expertise of professionals in kitchen renovations. DIY projects can include a fresh coat of paint on the walls, painting the cabinets, installing new hardware, or updating the backsplash. These projects can provide a clean and modern look to the kitchen without breaking the bank. Be sure to consider your available time, skills and expertise before deciding on the scope of your DIY projects.
<img src="https://assets.site-static.com/userfiles/1460/image/painting-kitchen-cupboards.gif" width="900" height="300" alt="Kitchen Renovation - Painting Cabinets" title="Kitchen Renovation - Painting Cabinets" />
When installing new cabinets and countertops, it's best to use a professional who specializes in kitchen renovations to ensure the design and materials used will add the best value for the current market. For complex tasks such as electrical and plumbing work, it's a must to hire experts to ensure safety and compliance with all building codes as per the state of Florida.
The potential return on investment for kitchen renovations in Florida can vary depending on the extent of the renovations and the local real estate market. That being said, studies have shown that kitchen renovations tend to provide a high return on investment, often ranging from 70% to 80%. This means that homeowners can recoup a significant portion of their renovation costs when selling their home. By investing in kitchen renovations, homeowners can attract more prospective buyers and potentially sell their home at a higher price point, making kitchen renovations a worthwhile investment.
Recently Listed in Ponce Inlet, FL
View Homes in Ponce Inlet, FL<br role="presentation" /> See detailed information & photos. <br role="presentation" /> <a href="https://www.ronsellsthebeach.com/property-search/results/?searchtype=2&searchid=596731" class="si-btn si-btn--secondary">View Homes for Sale</a>
<img style="max-width: 40px; margin: 0 15px 0 0 !important; display: initial !important;" src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="Bathroom Upgrades" title="Bathroom Upgrades" width="52" height="63" />Bathroom Upgrades
Top renovations to increase home value includes renovating the bathroom. Bathroom upgrades can have a great impact on the overall value of the property. Buyers in Florida are often looking for homes that offer a sense of luxury and relaxation, and a well-designed and updated bathroom can provide just that.
Bathroom renovations can range from simple DIY projects to more involved professional renovations. DIY projects such as repainting the walls, replacing hardware, and updating fixtures such as faucets and lights can be done relatively easily and at a low cost. These small changes can freshen up the space and give it a more modern look, making it more attractive to buyers.
<img src="https://assets.site-static.com/userfiles/1460/image/Updating-Bathroom-Faucet.gif" width="900" height="300" alt="Updating Bathroom Faucet" title="Updating Bathroom Faucet" />
On the other hand, professional bathroom renovations can involve more extensive changes, such as replacing the bathtub or shower, installing new flooring, or upgrading the plumbing and electrical systems. These larger-scale renovations usually require hiring contractors or specialists, but also tend to have a more significant impact on the value of your home.
Regardless of the scale of the bathroom upgrades, the influence on home value can be substantial. A well-designed and updated bathroom can make a strong impression on potential buyers, increasing their perception of the overall quality and value of the home. Buyers often prioritize bathrooms when making purchasing decisions, so investing in bathroom renovations can be a wise choice when looking to maximize your home's selling price.
Recently Listed in Daytona Beach, FL
View Homes in Daytona Beach, FL<br role="presentation" /> See detailed information & photos. <br role="presentation" /> <a href="https://www.ronsellsthebeach.com/property-search/results/?searchtype=2&searchid=596729" class="si-btn si-btn--secondary">View Homes for Sale</a>
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="52" height="63" alt="Energy-Efficient Modifications" title="Energy-Efficient Modifications" /> Energy-Efficient Modifications
In sunny Florida, energy efficiency is a crucial factor for homebuyers. By making energy-efficient modifications, you not only reduce your carbon footprint but also attract environmentally conscious buyers who appreciate the long-term cost savings. Some of the most impactful modifications include installing solar panels, upgrading insulation, investing in energy-efficient appliances, and replacing old windows and doors with energy-efficient alternatives.
In the state of Florida, some specific laws and regulations pertain to energy-efficient modifications. For example, the Florida Building Code requires new residential construction to meet certain energy efficiency standards. With the increasing awareness of climate change and the desire for sustainable living, energy-efficient homes are in high demand in the real estate market. By making energy-efficient modifications, you can differentiate your home from others on the market placing it at a higher selling point.
Recently Listed in Ormond Beach, FL
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<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="52" height="63" alt="Outdoor Living Spaces" title="Outdoor Living Spaces" /> Outdoor Living Spaces
Outdoor living spaces can significantly add value and appeal to potential buyers, especially in Florida. With the state's warm climate and abundance of sunshine, outdoor entertainment areas are highly sought after. These spaces not only create an extension of the living space but provide a place for relaxation, socializing, and enjoying the beautiful weather.
To design an outdoor living space that adds value to your home, it's important to consider several factors. First, create a functional layout that maximizes the available space and allows for different activities. This could include designated seating areas, a dining space, and even a cooking or grilling area. Incorporating shade structures such as pergolas or umbrellas can also make the space more comfortable and appealing when a buyer is considering real estate in Florida.
<img src="https://assets.site-static.com/userfiles/1460/image/Update-Outdoor-Living-Space.gif" width="900" height="300" alt="Updating Outdoor Living Space" title="Updating Outdoor Living Space" />
When it comes to budget-friendly DIY projects for upgrading or enhancing your current outdoor living space, there are several options to consider. Adding outdoor lighting can create a warm and inviting atmosphere while installing a fire pit or outdoor fireplace can provide a focal point and gathering spot. Other DIY home improvement projects to consider may include building a deck or patio, adding potted plants or landscaping features, or installing a water feature such as a fountain or pond.
Some projects may require the expertise of a hired professional. This could include major renovations such as adding an outdoor kitchen or pool, installing a gazebo or screened enclosure or building a custom pergola or patio cover. These larger projects may require permits and specialized knowledge to ensure they are done correctly and safely.
While costly upgrades or renovations to your outdoor living spaces can add value to your home when selling in Florida, consider the return on investment. Factors such as the current market conditions, comparable properties in your area, and the preferences of potential buyers should be taken into consideration. Consulting with a real estate agent can provide valuable insights into what upgrades or renovations are worth considering when selling real estate in Florida. In many cases, smaller upgrades and enhancements are enough to attract buyers and add value.
Recently Listed in Port Orange, FL
View Homes in Port Orange, FL<br role="presentation" /> See detailed information & photos. <br role="presentation" /> <a href="https://www.ronsellsthebeach.com/property-search/results/?searchtype=2&searchid=596724" class="si-btn si-btn--secondary">View Homes for Sale</a>
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" width="52" height="63" alt="Curb Appeal Enhancements" title="Curb Appeal Enhancements" /> Curb Appeal Enhancements
First impressions matter, and in the competitive Florida real estate market, curb appeal plays a crucial role in attracting buyers. That first look that potential buyers have of a house can greatly influence their decision-making process so it's crucial to invest in curb appeal improvements that will leave a lasting positive impression.
Simple tasks like cleaning the exterior of the house, trimming overgrown trees and bushes, and adding fresh mulch to flower beds can make a significant difference. A fresh coat of paint on the front door or upgrading the mailbox and house numbers are very cost-effective ways to enhance curb appeal. Adding some outdoor lighting can not only change the look of your front walkway but also provides an inviting well-lit and safe walk to that welcoming, freshly painted front door.
<img src="https://assets.site-static.com/userfiles/1460/image/Updated-Curb-Appeal.gif" width="900" height="300" alt="Enhance Curb Appeal" title="Enhance Curb Appeal" />
You might also want to consider the landscaping. A few well-placed flowers, plants or shrubs can make quite a statement at first glance. This can be done rather inexpensively when done by yourself but if you're looking for some design input, hiring a professional ensures that these improvements are executed to the highest standard.
When upgrading your curb appeal in Florida, it's important to be aware of any laws or bylaws that may have bearing on your renovations. For example, some neighborhoods or homeowners' associations may have specific rules regarding landscaping, signage, and exterior modifications, even paint colors. Consult with local authorities or seek guidance from professionals before making any significant changes to ensure compliance with regulations.
Recently Listed in Daytona Beach Shores, FL
View Homes in Daytona Beach Shores, FL<br role="presentation" /> See detailed information & photos. <br role="presentation" /> <a href="https://www.ronsellsthebeach.com/property-search/results/?searchtype=2&searchid=596730" class="si-btn si-btn--secondary">View Homes for Sale</a>
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-1.png" width="55" height="38" alt="Conclusion" title="Conclusion" /> Conclusion
In the current dynamic Florida real estate market, making strategic renovations can make a world of difference when selling your home. By investing in the right upgrades or renovations and presenting your home in its best light, you can maximize your selling home Florida price. Start your home improvement journey today with any of our suggested home renovation ideas to increase home value and be confident that you'll be putting your best home forward when it's time to attract buyers.
We provide specialists for every part of the sales process to ensure our customers receive world class service. This team of experienced real estate specialists know the industry, the diverse Florida markets we serve, and our organization well. Our primary focus is always on the buyers and sellers we serve, because we want to ensure your next real estate transaction is as easy as a day at the beach!
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2023-11-17T02:04:59-07:002023-12-13T09:07:12-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:40388Daytona Beach Home Sales In October 2023Daytona Beach Area Home Sales Tumble
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/599RegentCrescent-55sm.jpg" width="350" height="233" alt="Aerial image of a Florida neighborhood" class="img_box_left" />(Daytona Beach, FL) – Daytona Beach home sales fell sharply in October.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 301 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $386,990. That’s a roughly 17.5 percent decrease in total home sales compared to October 2022, and it’s 25 percent below the previous month. Reports show sales volume during October was down nearly 9 percent compared to last year. Year to date, single family home sales reported in the Daytona Beach MLS are down almost 7 percent.
October also brought a small uptick in the median home sales price to $386,99, a 1.2 percent increase over October 2022. The median price was up 1.8 percent from September, according to MLS reports. Year to date, MLS reports indicate the median sales price is level that of the first ten months of 2022.
October 2023: 301 sales, $149,483,756 sales volume, $386,990 median sales price.
October 2022: 365 sales, $163,977,755 sales volume, $382,500 median sales price.
September 2023: 403 sales, $203,479,017 sales volume, $380,000 median sales price.
September 2022: 311 sales, $137,349,373 sales volume, $370,000 median sales price.
Year-To-Date 2023: 3,737 sales, $1,716,028,470 sales volume, $375,000 median sales price.
Year-To-Date 2022: 4,013 sales, $1,798,557,836 sales volume, $375,000 median sales price.
“Home sales are definitely fluctuating a bit right now in the Daytona Beach area,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. “The good news is that prices are stable.”
The inventory levels of available homes listed for sale in Daytona Beach decreased significantly in October, with the MLS reporting that there were roughly 102 less homes on the market than the month prior. Overall, MLS reports show inventory levels were roughly 17.5 percent lower than the number of homes available in October last year.
October 2023 Inventory: 1,865 single family home listings were active at some point during the month.
October 2022 Inventory: 1,496 single family home listings were active at some point during the month.
September 2023 Inventory: 1,756 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 6,683 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 6,021single family home listings were active at some point during the period.
“There was a nice little uptick in new listings during October,” Wysocarski said. “But we are still seeing inventory levels well below last year.”
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales in Ormond Beach secured the most total home sales while Beachside held the top spot for highest median sales price during October, at $515,000.
Ormond Beach: 65 sales, $424,500 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 44 sales, $302,500 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 35 sales, $515,000 median sales price.
Port Orange: 43 sales, $410,000 median sales price.
New Smyrna Beach: 40 sales, $422,500 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices, and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 11/14/23 for the following periods: 9/1/23 to 9/30/23, 9/1/22 to 9/30/22, 10/1/23 to 10/31/23, 10/1/22 to 10/31/22, 1/1/23 to 10/31/23, 1/1/22 to 10/31/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 11/14/23 for the period of 10/1/23 to 10/31/23 and 9/1/23 to 9/30/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651. 2023-11-15T07:56:49-07:002023-11-20T10:17:34-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:40226Daytona Beach Condo Sales in October 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/Blog_Photos_15.jpg" width="350" height="233" alt="photo of a condo building" class="img_box_left" />(Daytona Beach, FL) – Prices fell as condo sales increased slightly across the Daytona Beach area in October.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 114 condo units were sold around the Daytona Beach area in October with a median sales price of $290,500. The sales total was slightly higher than September, and up more than 9 percent from a year ago. Sales volume in October fell roughly 6 percent from last year, according to MLS reports.
Meanwhile, the median condo sales price dipped nearly 8 percent in monthly comparisons and fell almost 28 percent from October 2022.
Year to date, MLS reports show condo sales are down roughly 26 percent while the median condo sales price is 3 percent lower than the first 10 months of 2022.
"Although we did see a dip in condo sales prices last month, it is not a worrisome trend as the median sales price was in line with the overall median condo sales price for the year,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach.
Condo inventory levels across the Daytona Beach MLS area rose in October, MLS reports show. The number of available condo units in October was up nearly 2.5 percent from September and remained 64 percent higher than last year, with 1,035 condos made active on the MLS at some point during the month.
Daytona Beach MLS data for Condo and Condotel Sales combined:
October 2023: 114 condo/condotels sold with a median sales price of $290,500.
October 2022: 104 condo/condotels sold with a median sales price of $402,900.
September 2023: 110 condo/condotels sold with a median sales price of $315,000.
September 2022: 146 condo/condotels sold with a median sales price of $283,000.
Total Volume Sold in October 2023: $42,783,599.
Total Volume Sold in October 2022: $45,623,169.
Year To Date 2023: 1,152 condo/condotels sold with a median sales price of $295,000.
Year To Date 2022: 1,559 condo/condotels sold with a median sales price of $305,000.
“Vacation condo sales were down only slightly from September but the median condotel sales price dropped 13 percent,” Wysocarski said.
October 2023 Daytona Beach MLS data for Condos and Condotels separated:
101 condos sold with a median price of $325,000.
13 condotels sold with a median price of $135,000.
October 2023 highlights of luxury condo sales in the Daytona Beach area include:
A $1,399,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-shores-condos/ocean-villas/">Ocean Villas Condominiums</a>, Daytona Beach Shores on 10/5.
A $1,350,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-shores-condos/ocean-villas/">Ocean Villas Condominiums</a>, Daytona Beach Shores on 10/27.
A $1,320,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-shores-condos/ocean-vistas/">Ocean Vistas Condominiums</a>, Daytona Beach Shores on 10/37.
Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit <a href="http://www.ronsellsthebeach.com/">RonSellsBeachCondos.com</a>. Additional information is available to the media upon request. Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 11/7/2023 for the following periods: 10/1/2023 to 10/31/2023, 10/1/22 to 10/31/22, 9/1/2023 to 9/30/2023, 9/1/22 to 9/30/22, 1/1/23 to 10/31/23, 1/1/22 to 10/31/22. 2023-11-07T11:54:50-07:002023-11-07T12:27:52-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:39620Building Wealth with Rental Real Estate Amid Cash Flow Fluctuations
The real estate market has always been a goldmine for those who know how to navigate its terrain. Rental real estate, in particular, has been a wealth-building avenue for many investors. However, one common challenge is maintaining a steady cash flow, especially in situations where the monthly income doesn't cover the expenditures. But, with the right strategies, it's possible to build substantial wealth over time, even when your properties may not cash flow every month.
Understanding Cash Flow in Real Estate:
Cash flow is the net income generated from a rental property after deducting all expenses including mortgage payments, maintenance costs, property management fees, and others. Positive cash flow is desirable as it contributes directly to your income. However, there may be periods where expenses eclipse the rental income, leading to negative cash flow. It's essential to understand that negative cash flow situations aren’t synonymous with a bad investment; they're often temporary phases which with proper management, can be turned around.
Long-term Appreciation:
One of the key wealth-building aspects of real estate is property appreciation. Over time, real estate properties generally appreciate in value, which could significantly outweigh the negative cash flow experienced in the short-term. Moreover, in appreciating markets, rental rates are likely to increase, eventually leading to better cash flow.
Leveraging Tax Benefits:'
Real estate investment comes with numerous tax benefits like depreciation, mortgage interest deduction, and others, which can help offset some of the losses from negative cash flow. Engaging a knowledgeable tax advisor can help optimize your tax position, ensuring you benefit maximally from your rental real estate investments.
Prudent Financial Management:
Effective financial management is crucial in navigating through periods of negative cash flow. This includes maintaining an emergency fund, cutting unnecessary expenses, and restructuring debt where necessary. Additionally, having a clear budget and keeping an eye on the property's performance metrics can help in making informed decisions.
Strategic Property Improvements:
Making strategic improvements to your property can increase its value and the rental income. However, it's crucial to ensure that the cost of improvements will be justified by the increase in property value or rental income.
Equity Build-up:
Even in months where cash flow might be negative, the mortgage payment contributes to building equity in the property. Over time, this equity build-up becomes a significant wealth creation avenue, providing options for refinancing or leveraging equity for other investments.
Diversification:
Diversifying your real estate portfolio by investing in different types of properties or in different geographic locations can also help mitigate the risks associated with negative cash flow.
Bottom Line
Building wealth with rental real estate is a journey that demands patience, strategic planning, and a well-rounded understanding of the market dynamics. While positive cash flow is undoubtedly beneficial, it's not the sole indicator of a good investment. Through long-term appreciation, tax advantages, prudent financial management, and strategic property improvements, investors can navigate through periods of negative cash flow, gradually steering their investment towards a wealth-building pathway.
The essence of exploring the real estate sector lies in its ability to provide multiple avenues for wealth creation, even amidst financial ebbs and flows. By adopting a long-term perspective and making well-informed decisions, real estate investors can build a resilient portfolio that stands the test of time, ensuring that the journey of wealth accumulation continues unabated, regardless of the monthly cash flow scenarios.
In the grand scheme of things, the temporary financial hiccups experienced due to negative cash flow can be viewed as stepping stones towards achieving a robust financial future. The real estate market, with its cyclical nature, provides ample opportunities for those willing to delve deep, learn continuously, and adapt to its evolving nature. So, as you venture into the world of rental real estate, remember that with the right strategies, even properties that may not cash flow every month can contribute significantly to your wealth-building journey.
This endeavor requires a blend of education, hands-on experience, and networking with seasoned investors and professionals in the field. As you broaden your understanding and refine your investment strategies, the potential to unlock substantial wealth in rental real estate, even amidst cash flow fluctuations, becomes a tangible reality.2023-11-05T12:42:00-07:002023-10-09T13:04:38-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:39370Selling a Florida Home During the Winter Holiday SeasonSelling a Florida Home During the Winter Holiday Season
When selling a Florida home during the winter holiday season, there are a plethora of unique factors and opportunities to consider. The winter season, with its festive holidays and cooler weather, can actually be an excellent time to sell your home in the Sunshine State. This comprehensive guide provides insights and tips on successfully navigating the home-selling process during this season, allowing you to make the most of the opportunities available and overcome potential challenges.
Understanding the Florida Winter Market
1. Snowbird Phenomenon:
One of the most significant aspects of the Florida real estate market is the influx of "snowbirds" — individuals from colder climates who flock to Florida to escape harsh winter conditions. This influx creates a higher demand for properties, presenting a unique opportunity for sellers to potentially close deals faster and at competitive prices.
2. Favorable Weather:
Florida's milder winter climate is a big draw for buyers during the winter months. The pleasant weather allows for year-round outdoor activities, making it an attractive destination for individuals and families looking to relocate.
Preparing Your Home for Sale
1. Highlighting Outdoor Spaces:
In Florida, outdoor living spaces are incredibly valuable. Ensure your yard, patio, or pool area is well-maintained and staged to highlight the possibility of enjoying outdoor activities even in winter.
2. Festive Staging:
Decorating your home for the holidays can make it feel warm and inviting. However, it's crucial to keep decorations neutral and minimal to appeal to the broadest range of buyers.
3. Energy Efficiency:
With the potential for cooler temperatures, ensuring your home is energy-efficient can be a selling point. Highlight features such as updated insulation, energy-efficient windows, and modern HVAC systems.
Marketing Your Home
1. Professional Photography:
High-quality images that showcase your home's features, especially outdoor spaces, can make your listing stand out. Consider hiring a professional photographer who can capture your home in the best light.
2. Virtual Tours:
Offer virtual tours to accommodate out-of-state buyers or those who prefer online browsing. This feature allows potential buyers to explore your home from the comfort of theirs, increasing the likelihood of attracting serious inquiries.
3. Work with a Local Realtor:
Employing a local realtor who understands the unique dynamics of the Florida winter market is crucial. They can guide you in pricing your home competitively and devising an effective marketing strategy.
Navigating Offers and Closing
1. Be Prepared for Quick Decisions:
With increased demand, be prepared to make quick decisions regarding offers. Discuss potential scenarios with your realtor to ensure you have a clear understanding of your priorities.
2. Closing Logistics:
Be flexible with closing dates, accommodating the schedules of buyers who may be traveling during the holiday season.
3. Legal Considerations:
Ensure all legal aspects, such as contract details and closing documents, are handled meticulously to avoid potential delays or issues. An experienced Florida real estate agent with a full representation agreement will handle everything for you. Beware of limited listing services that simply publish your home on the MLS, leaving you to handle all of the legal documentation and home sale logistics.
Conclusion:
Selling a Florida home during the winter holiday season can be a rewarding endeavor when approached with understanding and preparation. Taking advantage of the increased demand from snowbirds, capitalizing on the state's favorable winter climate, and ensuring your home is presented in the best possible light can contribute significantly to a successful sale. Utilize the services of experienced professionals, from realtors to photographers, and be prepared to navigate the unique aspects of the winter holiday market effectively. Your journey in selling your Florida home during this season can not only be profitable but also smooth and efficient, leading you to a successful and timely sale.
This guide is a starting point. Always ensure you conduct further research and consult with professionals to understand all the intricacies and latest trends in the Florida real estate market during the winter holiday season.2023-11-01T10:17:00-07:002023-11-07T13:05:32-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:39357Pros And Cons Of Owning An AirBNB Property
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/Blog_Photos_15.jpg" width="350" height="233" alt="photo of a condo building" class="img_box_left" />The burgeoning growth of online platforms such as Airbnb, Vrbo, and Booking.com has fueled an enormous interest in short-term rental investment properties. As with any investment opportunity, owning a short-term rental property comes with its unique set of advantages and disadvantages. It is crucial for investors to thoroughly understand the various aspects involved before making a decision. This article outlines the primary pros and cons of owning a short-term rental investment property.
The Pros of Owning An AirBNB
1. Potential for Higher Income
Short-term rentals often generate higher income compared to traditional long-term rentals. The ability to adjust the pricing according to demand, season, and other factors allows owners to maximize their returns. Special events, holidays, and peak tourist seasons can further boost the rental rates and enhance profitability.
2. Flexibility in Personal Use
One significant advantage of owning a short-term rental property is the flexibility to use the property for personal use. Owners can block off dates for their stay, allowing them to enjoy their investment firsthand.
3. Tax Deductions
Investment property owners can avail numerous tax benefits, including deductions for mortgage interest, property tax, operating expenses, depreciation, and repairs. Properly managing the finances can yield substantial tax savings.
4. Property Value Appreciation
Over time, the value of real estate generally appreciates. Owners of short-term rental properties not only earn income from rentals but also benefit from the increase in property value.
5. Diverse Investment Portfolio
Including real estate in an investment portfolio helps to diversify assets, offering a hedge against market volatility. Real estate can provide stable returns and can be a good source of passive income.
The Cons Of Owning An AirBNB
1. Regulatory and Legal Hurdles
Numerous cities worldwide have imposed strict regulations on short-term rentals. Non-compliance with local laws and regulations can lead to heavy fines and legal troubles. Navigating through the intricate web of legal requirements can be a daunting task for property owners.
2. Management Challenges
Effective management is crucial for the success of short-term rental properties. From bookings to customer service, maintenance, and cleaning, every aspect requires diligent attention. Many owners opt for professional property management services, which further eat into the profits.
3. Variable Income
Unlike long-term rentals that provide consistent income, short-term rentals face the challenge of variable income. Occupancy rates can fluctuate dramatically, affecting the revenue generated. This variability makes financial planning more complex and uncertain.
4. Increased Wear and Tear
Short-term rentals experience more frequent tenant turnover, leading to increased wear and tear. Maintenance and repair costs are higher, impacting the overall profitability.
5. Intense Competition
The surge in short-term rental properties has intensified competition. Property owners must continually invest in marketing and property upkeep to attract and retain guests.
Conclusion
In conclusion, while owning a short-term rental investment property can offer lucrative financial rewards, higher income potential, and tax advantages, it’s not without its challenges. Prospective investors must be prepared for the potential legal hurdles, management issues, and the financial uncertainty that comes with fluctuating occupancy rates. A comprehensive understanding of both the local rental market and the global tourism industry, paired with efficient management and adherence to legal guidelines, can pave the way for a successful short-term rental investment.2023-10-29T04:00:00-07:002023-10-17T08:05:20-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:39794Daytona Beach Home Sales In September 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/300DahoonHolly-84.jpg" width="350" height="233" alt="Aerial image of a Florida neighborhood" class="img_box_left" />(Daytona Beach, FL) – Daytona Beach home sales in September were up notably compared to the same month last year, when one of the strongest and costliest hurricanes in U.S. history ripped through the state.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 401 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $380,000. That’s an almost 29 percent increase in total home sales compared to September 2022, when Hurricane Ian hit Florida. Reports show sales volume during September was up 41 percent compared to last year. Year to date, however, single family home sales reported in the Daytona Beach MLS are down almost 6 percent.
The median home sales price in the Daytona Beach area rose 2.7 percent over last year to $380,000. However, the median price was down roughly 2.5 percent from the previous month, according to MLS reports. Year to date, MLS reports indicate the median sales price is level that of the first nine months of 2022.
September 2023: 401 sales, $193,736,994 sales volume, $380,000 median sales price.
September 2022: 311 sales, $137,349,373 sales volume, $370,000 median sales price.
August 2023: 409 sales, $189,801,257 sales volume, $390,000 median sales price.
August 2022: 414 sales, $197,181,215 sales volume, $397,750 median sales price.
Year-To-Date 2023: 3,432 sales, $1,555,543,691 sales volume, $375,000 median sales price.
Year-To-Date 2022: 3,648 sales, $1,634,580,081 sales volume, $375,000 median sales price.
“We still have many homes and condo buildings in various states of recovery after last year’s hurricane season,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. “We are all hoping these last weeks of hurricane season remain quiet so our housing market can continue its recovery.”
The inventory levels of available homes listed for sale in Daytona Beach decreased slightly in September, with the MLS reporting that there were roughly 7 less homes on the market than the month prior. Overall, MLS reports show inventory levels were 15.8 percent higher than the number of homes available in September last year.
September 2023 Inventory: 1,749 single family home listings were active at some point during the month.
September 2022 Inventory: 1,510 single family home listings were active at some point during the month.
August 2023 Inventory: 1,742 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 6,097 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 5,593 single family home listings were active at some point during the period.
“Inventory levels continue to be part of the story affecting our housing market as economic conditions continue to change,” Wysocarski said. “Right now, limited supply is holding Daytona Beach area home prices steady amid shifting economic policies.”
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales Ormond Beach secured the most total home sales while New Smyrna Beach held the top spot for highest median sales price during September, at $562,500.
Ormond Beach: 88 sales, $467,500 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 67 sales, $263,000 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 44 sales, $447,500 median sales price.
Port Orange: 53 sales, $390,000 median sales price.
New Smyrna Beach: 58 sales, $562,500 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices, and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 10/17/23 for the following periods: 8/1/23 to 8/31/23, 8/1/22 to 8/31/22, 9/1/23 to 9/30/23, 9/1/22 to 9/30/22, 1/1/23 to 9/30/23, 1/1/22 to 9/30/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 10/17/23 for the period of 9/1/23 to 9/30/23 and 8/1/23 to 8/31/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651. 2023-10-22T08:07:00-07:002023-10-17T08:30:43-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:39869The Ultimate Guide To Preparing Your House To Sell In Port Orange, FL<img src="https://assets.site-static.com/userfiles/1460/image/selling_house_port_orange_fl.png" width="900" height="375" alt="Selling Home Port Orange Florida" title="Selling Home Port Orange Florida" />
Selling your house is a significant milestone, and when it comes to real estate, location matters just as much as the property itself. If you're considering selling your home in the picturesque coastal city of <a href="https://www.ronsellsthebeach.com/port-orange/" target="_blank">Port Orange, Florida</a>, you're in for an exciting journey. Nestled along the Atlantic coast, Port Orange is known for its beautiful beaches, friendly community, and a real estate market that's as dynamic as the waves that roll onto its shores.
To attain a successful home sale, it is crucial to engage in thorough planning and meticulous preparation. This is where The Ultimate Guide To Preparing Your House To Sell In Port Orange, FL becomes invaluable.
Table of Contents
<a href="https://www.ronsellsthebeach.com/#link-1">Understanding the Port Orange Real Estate Market</a>
<a href="https://www.ronsellsthebeach.com/#link-2"> Setting Your Selling Goals</a>
<a href="https://www.ronsellsthebeach.com/#link-3"> Choosing The Right Time To Sell</a>
<a href="https://www.ronsellsthebeach.com/#link-4"> Preparing Your Port Orange Property</a>
<a href="https://www.ronsellsthebeach.com/#link-5"> Pricing Your Home Competitively</a>
<a href="https://www.ronsellsthebeach.com/#link-6"> Marketing Your Property</a>
<a href="https://www.ronsellsthebeach.com/#link-7"> Working with Real Estate Professionals</a>
<a href="https://www.ronsellsthebeach.com/#link-8"> Showings And Open Houses</a>
<a href="https://www.ronsellsthebeach.com/#link-9"> Receiving And Negotiating Offer</a>
<a href="https://www.ronsellsthebeach.com/#link-10"> The Closing Process<br /></a>
Here, we will lead you through a systematic process for readying your property for the real estate market. You will also gain valuable insights into the local property market, and we will assist you in ensuring a smooth transition to your next life phase. Regardless of whether you possess experience as a seller or you are embarking on your inaugural home-selling journey, our all-encompassing guide will equip you with the knowledge and tools required to guarantee the triumphant sale of your Port Orange dwelling.
<img src="https://u.realgeeks.media/ambermelenudo/Luxury-Asset-1.png" alt="" data-uw-rm-ima="un" /> Understanding the Port Orange Real Estate Market
Port Orange, a city known for its diverse neighborhoods, is home to 12 distinct residential areas, each with its unique character and attributes. Notable communities in this thriving real estate scene include Grey Oaks, Port Orange Isles (East and West), Watersedge, Woodlands, <a href="https://www.ronsellsthebeach.com/port-orange/countryside/" target="_blank">Countryside</a>, and Allandale/<a href="https://www.ronsellsthebeach.com/port-orange/harbor-oaks-homes-for-sale/" target="_blank">Harbor Oaks</a>.
The predominant housing type in Port Orange consists of single-family detached homes, with an average age of 33 years. Regardless if you're searching for a starter property or a spacious estate, Port Orange offers a wide range of choices for potential homebuyers, catering to various preferences. Furthermore, the city boasts a significant rate of homeownership, underscoring its enduring appeal as a place where residents invest in their homes and community.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-1.png" width="55" height="38" alt="Setting Your Selling Goals" title="Setting Your Selling Goals" /> Setting Your Selling Goals
Selling a home involves more than slapping a "For Sale" sign on your front lawn. It's essential to start the process with clear and realistic selling goals. These objectives will serve as your compass, keeping you focused on what matters most and providing direction during the sale. When setting your selling goals, consider factors like your timeline, expected profit or break-even point, and any potential challenges or limitations. Additionally, consider the local real estate market in Port Orange, including average home prices, market trends, and competition. Armed with this information, you'll be better positioned to make informed decisions throughout the selling process.
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<img src="https://u.realgeeks.media/ambermelenudo/Luxury-Asset-6.png" alt="" data-uw-rm-ima="un" /> Choosing The Right Time To Sell
Choosing the right time to sell your property in Port Orange, FL is a critical decision that can significantly impact the success of your real estate transaction. The city experiences distinct seasonal variations in its housing market, making timing a crucial factor in your selling strategy.
Seasonal Variations in the Port Orange Market:
Port Orange, like many coastal communities, experiences fluctuations in the real estate market throughout the year. Understanding these seasonal variations is essential. For example, during the warmer months, there may be an influx of potential buyers, particularly those seeking vacation homes. Being aware of these trends will allow you to tailor your approach to align with market conditions.
Identifying the Best Time to List Your Property:
The key to a successful sale lies in identifying the optimal time to list your property. By strategically timing your listing, you can attract more motivated buyers and potentially secure a higher selling price. Whether it's taking advantage of the peak season when demand is high or strategically listing during a period of reduced competition, choosing the right timing is vital.
In the competitive Port Orange real estate market, timing can make a significant difference in your selling experience. Being informed about the seasonal patterns, strategically choosing when to list your property, and considering various external factors will empower you to make a well-informed decision, ultimately leading to a successful and profitable sale.
<img src="https://u.realgeeks.media/ambermelenudo/Luxury-Asset-5.png" alt="" data-uw-rm-ima="un" />Preparing Your Port Orange Property
When it comes to selling your property in Port Orange, FL, meticulous preparation is key to making a lasting impression and attracting potential buyers. This involves a comprehensive approach to ensuring your property is in its best possible condition. Begin with a thorough home inspection and assessment, which will help you identify any underlying issues or necessary repairs. Addressing these concerns promptly can significantly boost your property's appeal and value.
Don't overlook the importance of regular maintenance, which includes fixing leaky faucets, replacing worn-out fixtures, and ensuring all systems are in proper working order. Enhancing the functionality and aesthetics of your property is crucial to attracting potential buyers and positioning your home competitively in the Port Orange real estate market. Additionally, focusing on curb appeal through landscaping and implementing home staging tips will further enhance the overall appeal of your property.
<img src="https://u.realgeeks.media/ambermelenudo/Luxury-Asset-3.png" alt="" data-uw-rm-ima="un" /> Pricing Your Home Competitively
Pricing your Port Orange, FL home competitively is a pivotal aspect of a successful sale. A Comparative Market Analysis (CMA) serves as your compass, guiding you to an appropriate listing price by assessing similar recent sales in your area. By setting a competitive listing price, you ensure that your property captures the attention of prospective buyers and real estate agents, increasing the likelihood of quick and effective sales.
It's important to understand that competitive pricing doesn't mean undervaluing your property but rather positioning it strategically within the market to garner interest. Overpricing can lead to a protracted listing period and the potential need for price reductions, which may deter potential buyers. Furthermore, by establishing an attractive price from the outset, you'll have a stronger position in price negotiations, maximizing the chances of closing a successful deal.
<img src="https://u.realgeeks.media/ambermelenudo/Top-5-Reasons-icon-2.png" alt="Why You’ll Love Living In Aptos, CA" data-uw-rm-ima="un" /> Marketing Your Property
Perhaps one of the most crucial aspects of selling a home in Port Orange is effectively marketing your property to potential buyers. In today's digital age, having a robust online presence is essential to reaching a broad audience of potential buyers. Some effective marketing strategies include:
Hiring a professional photographer to capture high-quality images of your property for listings and virtual tours.
Listing on various online platforms, including popular real estate websites, social media channels, and listing services.
Working with a reputable real estate agent who has access to a broad network of potential buyers and can help you navigate the selling process.
Hosting open houses and private showings to give interested buyers an opportunity to view your property in person.
Utilizing virtual tours and 3D walkthroughs to allow potential buyers to virtually experience your property from the comfort of their own homes.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-2.png" alt="Working with Real Estate Professionals" title="Working with Real Estate Professionals" style="font-size: 17px;" /> Working With Real Estate Professionals
In the complex world of real estate transactions, enlisting the expertise of professionals can be the key to a successful sale. Here's why working with local experts in Port Orange, FL is crucial:
Hiring a Real Estate Agent: A reputable and experienced real estate agent will be your greatest ally throughout the selling process. They have in-depth knowledge of the local market, access to resources and marketing channels, and negotiation skills that can help you achieve a successful sale.
The Role of a Real Estate Attorney: A real estate attorney is essential to ensure the legal aspects of the transaction are handled meticulously. They review contracts, assist with negotiations, and oversee the closing process, safeguarding your interests and ensuring a smooth and legally sound transaction.
Choosing a Reliable Home Inspector: A trusted home inspector is crucial to assess your property's condition, and identify any issues that may need attention before the sale. Their unbiased evaluations offer transparency to both you and potential buyers, fostering trust that will ultimately benefit the sale.
Coordinating with Appraisers and Contractors: Collaboration with appraisers and contractors is essential for determining the fair market value of your property and addressing any necessary repairs or enhancements.
<img src="https://u.realgeeks.media/ambermelenudo/Luxury-Asset-2.png" alt="" data-uw-rm-ima="un" /> Showings And Open Houses
As prospective buyers view your property, it is essential to create a positive and welcoming atmosphere. Consider the following tips during showings and open houses:
Depersonalize your home by removing personal photos or items that may distract potential buyers.
Keep the space clean and clutter-free.
Let in natural light and consider adding some fresh flowers or plants for a touch of nature.
Create a warm and inviting ambiance, for example, by turning on soft music or lighting candles.
Consider providing refreshments and snacks for open houses to make potential buyers feel more at ease.
<img src="https://assets.site-static.com/userfiles/1460/image/Revealed-Asset-1.png" width="55" height="38" alt="Setting Your Selling Goals" title="Setting Your Selling Goals" /> Receiving And Negotiating An Offer<br />
Once an interested buyer submits an offer, your real estate agent will review and negotiate on your behalf. It is essential to consider all aspects of the offer, not just the price. Some factors to keep in mind include:
The financial strength of the buyer and their ability to secure financing.
Contingencies and special requests from the buyer.
Closing timeline and flexibility.
<img src="https://u.realgeeks.media/ambermelenudo/Luxury-Asset-7.png" alt="" data-uw-rm-ima="un" /> The Closing Process
The closing process is the final step in selling your Port Orange home. It involves signing legal documents, transferring ownership of the property, and receiving payment for the sale. Your real estate agent and attorney will guide you through this process, ensuring all necessary paperwork is completed accurately and efficiently.<br />Once all parties have signed and funds have been transferred, congratulations! You've officially sold your Port Orange home.
Selling a home in Port Orange, FL can seem like a daunting task, but with the right approach and support from professionals, it can be a smooth and successful experience. By pricing competitively, effectively marketing your property, enlisting the help of real estate experts, and creating a welcoming atmosphere during showings and open houses, you can increase your chances of a quick and profitable sale. So, take these tips into consideration and get ready to say goodbye to your Port Orange home!
We provide specialists for every part of the sales process to ensure our customers receive world class service. This team of experienced real estate specialists know the industry, the diverse Florida markets we serve, and our organization well. Our primary focus is always on the buyers and sellers we serve, because we want to ensure your next real estate transaction is as easy as a day at the beach!
<img class="cta-img-without-shadow-mobile" src="https://assets.site-static.com/userfiles/1460/image/Ron-Standing-img.jpg" alt="The Ultimate Guide To Living In 76123, Fort Worth, Texas" width="270" height="230" style="margin: 0 0 30px 0 !important;" data-uw-rm-ima="gn" />
LOOKING TO SELL IN PORT ORANGE, FL? SPEAK WITH A LOCAL EXPERT TODAY!
<a href="tel:386-871-7697" aria-label="call 386-871-7697" data-uw-rm-brl="exc">Call Today!</a>
2023-10-19T20:35:03-07:002023-10-26T13:08:06-07:00Asterisk Marketingtag:ronsellsthebeach.com,2012-09-20:39556Daytona Beach Condo Sales in September 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/2043SAtlanticAveAerials-10.jpg" width="350" height="233" alt="Aerial photo of an oceanfront condo complex" class="img_box_left" />(Daytona Beach, FL) – Prices remained steady as condo sales fell across the Daytona Beach area in September.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 106 condo units were sold around the Daytona Beach area in September with a median sales price of $315,000. The sales total was lower than August, and down 27.4 percent from a year ago. Sales volume in September fell 30 percent from last year, according to MLS reports.
Meanwhile, the median condo sales price remained steady in monthly comparisons and rose 11.3 percent from September 2022.
Year to date, MLS reports show condo sales are down more than 28 percent while the median condo sales price is 1.63 percent lower than the first 9 months of 2022.
"Condo sales are still struggling but condo prices across the Daytona beach area continue to be stable,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach.
Condo inventory levels across the Daytona Beach MLS area dropped only marginally in September, MLS reports show. The number of available condo units in September was down less than one percent from August and but remained 58 percent higher than last year, with 1,009 condos made active on the MLS at some point during the month.
Daytona Beach MLS data for Condo and Condotel Sales combined:
September 2023: 106 condo/condotels sold with a median sales price of $315,000.
September 2022: 146 condo/condotels sold with a median sales price of $283,000.
August 2023: 126 condo/condotels sold with a median sales price of $314,250.
August 2022: 149 condo/condotels sold with a median sales price of $319,000.
Total Volume Sold in September 2023: $36,161,910.
Total Volume Sold in September 2022: $52,482,217.
Year To Date 2023: 1,034 condo/condotels sold with a median sales price of $295,000.
Year To Date 2022: 1,455 condo/condotels sold with a median sales price of $299,900.
“Vacation condo sales slowed slightly from August and the median condotel sales price fell 13 percent,” Wysocarski said.
September 2023 Daytona Beach MLS data for Condos and Condotels separated:
91 condos sold with a median price of $356,000.
15 condotels sold with a median price of $133,310.
September 2023 highlights of luxury condo sales in the Daytona Beach area include:
A $985,000 condo sale at the <a href="https://www.ronsellsthebeach.com/ponce-inlet-condos/harbour-village/">Harbour Village Condominiums</a>, Ponce Inlet on 9/13.
A $850,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-condos/mediterranean/">The Mediterranean Condominiums</a>, Daytona Beach on 9/11.
A $835,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/minorca/">The Palms At Minorca Condominiums</a>, New Smyrna Beach on 9/28.
Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit <a href="http://www.ronsellsthebeach.com/">RonSellsBeachCondos.com</a>. Additional information is available to the media upon request. Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 10/5/2023 for the following periods: 9/1/2023 to 9/30/2023, 9/1/22 to 9/30/22, 8/1/2023 to 8/31/2023, 8/1/22 to 8/31/22, 1/1/23 to 9/30/23, 1/1/22 to 9/30/22. 2023-10-15T11:31:00-07:002023-10-05T11:53:50-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:39350Retirees Are Still Flocking To Florida<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/elderly-6831321_1280.jpg" width="350" height="233" alt="Couple walking together on the beach" class="img_box_left" />Sure, the cost of homes in Florida have grown in recent years. So have the costs to insure a home in Florida. And that has cause some skeptical Floridians to speculate that Florida is losing its luster among retirees.
But the numbers just don't agree. In fact, sales around the Daytona Beach area have remained quite steady this year, and our sales agent haven't seen any fewer retirement buyers this year than in years past.
Loads of people are still flocking to Florida to spend their retirement. Here's why:
Pleasant Climate
One of the most obvious reasons many choose to retire in Florida is its subtropical climate. The state is famous for its warm weather, abundant sunshine, and mild winters, which are especially appealing to those living in colder northern states. Older adults, particularly those with certain health conditions, find the warm weather more comfortable for their joints and overall well-being.
Tax Benefits
Florida's tax-friendly policies offer substantial savings for retirees, making their pensions and retirement funds last longer. Florida has no state income tax, meaning Social Security retirement benefits, pension income, and income from IRAs or a 401(k) are all untaxed. This significant financial advantage draws many retirees to the state.
Affordable Cost of Living
In addition to tax benefits, many parts of Florida offer an affordable cost of living. Despite recent years' increases, many buyers still agree that Florida housing prices remain reasonable, allowing retirees to invest in comfortable homes without breaking the bank. The lower cost of living enables retirees to enjoy a better quality of life and allocate funds to travel, leisure, and other pursuits.
Health Care Facilities
Access to high-quality healthcare is a priority for older adults, and Florida delivers in this regard. The state is home to a large number of top-rated hospitals and medical facilities that specialize in various fields, including geriatrics, cardiology, and orthopedics. Many communities are also designed specifically for seniors, offering onsite healthcare and wellness programs.
Diverse Lifestyle Options
Florida boasts a wide array of lifestyle options catering to a variety of preferences and budgets. From tranquil beachside communities and rural settings to vibrant urban environments, retirees can choose a living situation that suits their tastes. Golf courses, marinas, cultural centers, and other amenities add to the lifestyle benefits, providing a rich, fulfilling retirement experience.
Recreation and Leisure Activities
With its stunning beaches, parks, and myriad recreational facilities, Florida is a playground for retirees. Outdoor enthusiasts can engage in activities like fishing, boating, golfing, and hiking. The state's rich cultural scene, including museums, art galleries, theaters, and concert venues, offers an abundance of opportunities for leisure and enrichment.
Sense of Community
Many Florida communities are home to a significant population of retirees, fostering a strong sense of community and belonging. Retirees find companionship and mutual support in these communities, which often organize social events, outings, and group activities.
Proximity to Family and Friends
For those with family and friends in the eastern United States, retiring in Florida keeps them relatively close to loved ones. The state's multiple airports and well-maintained highways make travel convenient for family visits.
Safety and Security
Many Florida retirement communities prioritize the safety and security of their residents, offering gated entrances, security personnel, and emergency medical assistance. Feeling safe in their environment contributes to the overall satisfaction and well-being of retirees.
Conclusion
In summary, the myriad benefits – from the pleasant climate and tax advantages to excellent healthcare and diverse lifestyle options – contribute to Florida’s unwavering allure for retirees. While it's essential to consider potential challenges, such as hurricane risks and summer humidity, the substantial advantages make Florida a compelling choice for many seeking an enjoyable and comfortable retirement.
As with any major life decision, it's crucial for prospective retirees to conduct thorough research and consider their personal needs, preferences, and financial situation before choosing a retirement destination. Florida, with its multitude of offerings, stands out as a promising option for many.2023-10-08T10:52:00-07:002023-09-26T14:10:42-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38781Special Assessments in Condo Buildings
Special Assessments in Condo Buildings: An Overview
In the world of condominium ownership, the term "special assessment" can invoke feelings of anxiety, curiosity, or confusion among unit owners. While regular monthly maintenance fees are a standard and expected part of condominium ownership, special assessments in condo buildings are less frequent and can catch owners off guard. This article aims to demystify special assessments, explaining what they are, why they occur, and how they impact condo owners.
What Are Special Assessments?
Special assessments are fees that are charged to condo owners in addition to their regular monthly maintenance or association fees. These fees are collected for specific projects or unforeseen expenses that weren’t accounted for in the annual budget.
Why Are Special Assessments Levied?
Capital Improvements: Over time, the condominium building or complex may require upgrades. This can be due to wear and tear, changing regulations, or the desire for modern amenities. Examples include roof replacement, elevator upgrades, or installation of energy-efficient windows.
Unforeseen Repairs: Natural disasters, significant structural issues, or sudden system failures (like heating or plumbing) can lead to unexpected costs, and in turn, special assessments in condo buildings.
Legal Settlements: In some cases, the condominium association may face legal challenges that require significant payouts. To garner the cash needed for those payouts, there can be special assessments to unit owners.
Budget Shortfalls: If the reserves aren't sufficient to cover annual operating costs or if unexpected expenses arise, a special assessment may be necessary.
Replenishing Reserves: While condo associations have reserve funds to address some of these concerns, those funds can get depleted faster than expected. Special assessments can help replenish these funds.
How Are They Determined?
The board of directors or the condo association typically determines the need for a special assessment in a condo building. They will estimate the cost of the project or expense and divide it among the unit owners. The assessment can be based on unit size, ownership percentage, or other predetermined methods laid out in the condo's governing documents.
How Can They Impact Condo Owners?
Financial Burden: The most immediate impact of a special assessment is financial. Owners may be required to pay a significant amount, either as a lump sum or in installments.
Property Value: Both the reason for the assessment (e.g., a deteriorating facade) and the assessment itself can impact property values. While an upgraded amenity might increase value, frequent assessments or significant deferred maintenance can decrease it.
Sale Complications: When selling a unit, potential buyers may be wary of buildings with frequent special assessments or significant upcoming projects.
Tips for Condo Owners:
Stay Informed: Attend association meetings and be proactive in understanding the building's financial health and upcoming projects.
Emergency Fund: Consider setting aside funds in anticipation of potential assessments.
Insurance: Some insurance policies might offer coverage for certain special assessments, so it's worth reviewing your policy or discussing with your agent.
Due Diligence: If you’re considering buying a condo, review the minutes from recent association meetings and the status of the reserve fund. This can give you insight into potential future assessments.
Conclusion:
Special assessments are an integral part of condo ownership, addressing the reality that large projects or unexpected expenses can arise. While they can be concerning for unit owners, understanding their purpose and being prepared can mitigate potential stress. Proper governance, regular communication, and financial transparency by the condo board can also help ensure that special assessments are managed effectively and equitably.2023-10-01T05:00:00-07:002023-08-29T12:25:37-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:39406The Ultimate Guide To Selling Your House In Daytona Beach, FL<img src="https://assets.site-static.com/userfiles/1460/image/The_Ultimate_Guide_To_Selling_Your_House_In_Daytona_Beach_FL_rev.png" width="900" height="375" alt="selling homes in daytona beach" />
Nestled along the pristine shores of the Atlantic Ocean, <a href="https://www.ronsellsthebeach.com/daytona-beach/" title="Daytona Beach, FL Homes for Sale" target="_blank">Daytona Beach</a>, Florida, has long been celebrated for its sun-kissed beaches and a rich history deeply intertwined with high-speed automobile testing and racing. As the birthplace of speed, this coastal resort city has not only lured racing enthusiasts but also homeowners looking to sell their properties in this idyllic location. If you're considering selling your house in Daytona Beach, you've come to the right place.
In "The Ultimate Guide To Selling Your House In Daytona Beach, FL," we'll explore valuable tips and insights to help you navigate the real estate market in this iconic Florida city. Whether you're a first-time seller or a seasoned pro, this guide will equip you with the knowledge and strategies needed to make a successful sale in this unique and dynamic market.
Step By Step Guide To Selling Your Home In Daytona Beach
First let's dive into a step-by-step guide to selling your home in Daytona Beach. Be sure to read through these steps to get an understanding of the whole selling process, then dive into the FAQs to get more into the intricacies of it.
Preparing Your House for Sale
Preparing your house for sale in Daytona Beach, FL is significant for several reasons. Firstly, home staging specific to the Daytona Beach area can enhance the appeal of your property to potential buyers by highlighting its unique coastal features, such as its proximity to the beach or the allure of outdoor living spaces.
Secondly, addressing necessary repairs and renovations ensures that your home is in the best possible condition, increasing its market value and reducing the likelihood of potential buyers being deterred by needed fixes.
Lastly, setting the right asking price is vital to attract serious buyers and compete effectively in the local real estate market, as overpricing can lead to extended listing periods and missed opportunities. Overall, thorough preparation sets the stage for a successful and efficient home sale in Daytona Beach, FL.
<img class="img-without-shadow-mobile" src="/userFiles/1460/image/2022_Blogs/2727NAtlanticAveUnit704-14.jpg" alt="The Utlimate Guide To Buying A Condo in Daytona Beach" width="270" height="232" data-uw-rm-ima="gn" />
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The Ultimate Guide To Buying A Condo in Daytona Beach
<a title="The Ultimate Guide To Buying A Condo in Daytona Beach" href="https://www.ronsellsthebeach.com/blog/the-utlimate-guide-to-buying-a-condo-in-daytona-beach/" target="_blank" rel="noopener" data-uw-rm-brl="false" aria-label="Related Post" data-uw-rm-vglnk="">Read More</a>
Finding A Local Real Estate Agent
<a href="https://www.ronsellsthebeach.com/about/" title="Hiring a local real estate agent" target="_blank">Hiring a local real estate agent</a> is essential when selling your home in Daytona Beach, FL because they possess valuable insights into the area's unique market conditions, pricing trends, and neighborhood dynamics. Their local expertise allows for more accurate pricing and effective marketing strategies tailored to the region.
To select the right real estate professional for your Daytona Beach home sale, focus on their experience, track record, and familiarity with the local market. Consider factors like their success in similar transactions, their marketing techniques, and their ability to effectively negotiate on your behalf. This ensures you have a knowledgeable ally who can maximize your home's selling potential in this specific market.
<img src="https://assets.site-static.com/userfiles/1460/image/The_Ultimate_Guide_To_Selling_Your_House_In_Daytona_Beach_FL_1_rev.png" width="900" height="300" alt="couple speaking with real estate agent" />
Price Your Daytona Beach Property
Now this can be a tricky part of selling your house in Daytona Beach, FL. Finding the right price is key for attracting buyers and negotiating a lucrative sale. To accurately set this figure, it's essential to obtain a professional appraisal of your property – preferably one from a qualified local appraiser familiar with the area's nuances like pricing trends and market conditions. Accurate pricing not only helps attract serious buyers but also helps you to negotiate effectively during the sale.
Marketing Your Property
Proper marketing is one of the most important steps to selling your Daytona Beach home. Listed below are three effective strategies that will help you stand out from the competition:
Creating an appealing listing: An attractive listing with high-quality photos and compelling descriptions grabs the attention of potential buyers and sets a positive first impression.
Utilizing online platforms and social media: Online listings and social media platforms have become primary sources for home buyers. Leveraging these channels ensures your property reaches a vast audience and stays competitive in the digital age.
Traditional marketing strategies: Time-tested methods like open houses, yard signs, and brochures help capture the interest of local buyers and complement your online efforts, creating a well-rounded marketing approach for your Daytona Beach property.
Navigating The Sales Process
Navigating the intricacies of the sale process in beautiful Daytona Beach, FL is crucial for a successful transaction, and here's why it matters. Skillfully managing negotiations and offers is like charting a course through shifting tides, where adept negotiation can secure the best possible terms for your property.
As you continue along this journey, home inspections become the lighthouse, illuminating potential issues that must be addressed to ensure a seamless experience. Finally, comprehending the details of contracts and paperwork is essential for a smooth sail, as it ensures a clear understanding of the transaction's terms and safeguards your interests throughout the process.
Closing The Deal
Closing the deal on your Daytona Beach property is the culmination of your real estate journey, and it's a pivotal step in the process. Understanding the specifics of the closing process in Daytona Beach is essential.
This involves ensuring that all necessary paperwork is in order, and any outstanding contingencies are met. Additionally, preparing for the final walk-through is crucial as it allows both the buyer and seller to verify that the property's condition aligns with the agreed-upon terms.
On the highly anticipated closing day, expect to gather with various parties involved, including real estate agents, attorneys, and possibly the lender, to finalize the sale. During this meeting, the transfer of ownership is completed, the funds are distributed accordingly and the closing process is complete.
FAQ About Selling Your Home In Daytona Beach, FL
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Before we dive into the tips and strategies, let's provide some answers to frequently asked questions about selling a home in Daytona Beach:
Q. How long does it take to sell a house in Daytona Beach?<br />A. The amount of time it takes to sell your home depends on several factors such as market conditions, location, and amenities offered with the property. Generally speaking, homes in Daytona Beach tend to sell fairly quickly due to the area's popularity and competitive real estate market. It is best to work with a skilled real estate agent who is knowledgeable about your area to get an accurate timeline as it can vary.
Q. Are there any state laws to be aware of in FL?<br />A. Yes, there are specific state <a href="https://www.contractscounsel.com/b/florida-real-estate-law" title="laws and regulations in Florida" target="_blank">laws and regulations in Florida</a> that sellers should be aware of when selling their house. These include requirements to disclose environmental hazards like lead-based paint, asbestos, mold, and radon gas. Additionally, sellers must provide a Florida Energy-Efficiency Rating Information Brochure, verify property elevation, and assess the need for flood insurance. Depending on your real estate agent or brokerage, there may be additional protective addendums to consider during the transaction.
Q. What is the typical closing cost for selling a home in FL?<br />A. In Florida, the typical closing costs for a home purchase generally range from 5% to 10% of the purchase price. It's important to note that these costs are typically shared between the seller and the buyer, with each party responsible for their respective portion.
Q. What taxes are paid for selling your home in FL?<br />A. When selling a home in Florida, there is no state-level capital gains tax to pay. However, sellers may be subject to federal capital gains tax on any profit from the sale, with the amount determined by factors such as the duration of ownership and taxable income. Consulting a tax professional is advisable to understand the specific federal capital gains tax liability and any potential deductions or exemptions.
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Moving To Daytona Beach: The Definitive Guide To Living In Daytona, Florida
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Moving On
Moving on after successfully selling your home in Daytona Beach, FL is a momentous transition, and here's how to ensure it's a smooth and celebratory process. First and foremost, consider these tips for a seamless transition to your next chapter: organize your move well in advance, notify relevant parties of your change in address, and hire professional movers if needed.
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Secondly, celebrate your victorious sale and the memories made in your Daytona Beach home. Whether it's a small gathering with friends and family or a moment of quiet reflection by the beach, acknowledging this achievement can help you embrace the excitement of what lies ahead in your new journey.
If you want to sell your home in Daytona Beach, FL following these steps can help make the process as stress-free and rewarding as possible. By arming yourself with the proper knowledge and forming a strategy tailored to this market, you can ensure success in your real estate venture. With the right preparation and dedication, now is a fantastic time to consider putting your Daytona Beach home on the market.
We provide specialists for every part of the sales process to ensure our customers receive world class service. This team of experienced real estate specialists know the industry, the diverse Florida markets we serve, and our organization well. Our primary focus is always on the buyers and sellers we serve, because we want to ensure your next real estate transaction is as easy as a day at the beach!
LOOKING TO SELL IN DAYTONA BEACH, FL? SPEAK WITH A LOCAL EXPERT TODAY!
<a href="tel:386-871-7697" data-uw-rm-brl="false">Call Today</a>
2023-09-29T00:23:32-07:002023-10-06T09:17:37-07:00Asterisk Marketingtag:ronsellsthebeach.com,2012-09-20:39233Daytona Beach Home Sales Report For August 2023Daytona Area Home Sales And Prices Steady in August
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/300DahoonHolly-51.jpg" width="350" height="233" alt="Front door of a home" class="img_box_left" />(Daytona Beach, FL) – Home sales and prices remained steady across the Daytona Beach area in August.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 405 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $390,000. That’s a 2 percent decrease in total home sales compared to August 2022. Reports show sales volume during August was just over 4 percent compared to last year. Year to date, however, single family home sales reported in the Daytona Beach MLS are down 9.3 percent.
The median home sales price in the Daytona Beach area fell roughly 2 percent over last year to $390,000. However, the median price was up 4 percent from the previous month, according to MLS reports. Year to date, MLS reports indicate the median sales price is level that of the first eight months of 2022.
August 2023: 405 sales, $188,954,257 sales volume, $390,000 median sales price.
August 2022: 414 sales, $197,181,215 sales volume, $397,750 median sales price.
July 2023: 363 sales, $164,480,606 sales volume, $374,995 median sales price.
July 2022: 392 sales, $177,967,237 sales volume, $381,000 median sales price.
Year-To-Date 2023: 3,026 sales, $1,360,359,697 sales volume, $375,000 median sales price.
Year-To-Date 2022: 3,337 sales, $1,497,230,708 sales volume, $375,000 median sales price.
“The real estate market in Daytona Beach is pretty stable right now,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL.
The inventory levels of available homes listed for sale in Daytona Beach increased again in August, with the MLS reporting that there were roughly 175 more homes on the market than the month prior. Overall, MLS reports show inventory levels were 11 percent higher than the number of homes available in August last year.
August 2023 Inventory: 1,738 single family home listings were active at some point during the month.
August 2022 Inventory: 1,563 single family home listings were active at some point during the month.
July 2023 Inventory: 1,645 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 5,520 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 5,114 single family home listings were active at some point during the period.
“Inventory levels are continuing with slow and steady improvements,” Wysocarski said. “That’s creating some balance for both buyers and sellers at the negotiation table after years of strong seller’s market conditions.”
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales Ormond Beach secured the most total home sales while Beachside held the top spot for highest median sales price during August, at $450,000.
Ormond Beach: 82 sales, $446,450 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 66 sales, $310,000 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 43 sales, $450,000 median sales price.
Port Orange: 76 sales, $402,450 median sales price.
New Smyrna Beach: 53 sales, $440,000 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices, and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 9/20/23 for the following periods: 7/1/23 to 7/31/23, 7/1/22 to 7/31/22, 8/1/23 to 8/31/23, 8/1/22 to 8/31/22, 1/1/23 to 8/31/23, 1/1/22 to 8/31/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 9/20/23 for the period of 8/1/23 to 8/31/23 and 7/1/23 to 7/31/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651. 2023-09-24T10:10:00-07:002023-09-21T05:59:29-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38772Snowbirds' Guide: 5 Compelling Reasons To Buy A Daytona Beach Condo This Fall
As the vibrant hues of autumn paint the landscape, snowbirds are beginning to contemplate their seasonal migration once again. For those who seek refuge from the harsh winter months, the decision to purchase a condo this fall could be a game-changer. Condos have emerged as a popular choice among snowbirds, offering a host of benefits that extend beyond just a warm climate. In this comprehensive guide, we will delve into the top 5 reasons why purchasing a condo this fall could be the smartest move for snowbirds.
1. A Home Away From Home
Purchasing a condo provides snowbirds with a secure and comfortable second home in their preferred winter destination. Unlike renting, owning a condo ensures a consistent and familiar living space each year, complete with personal touches that make it truly feel like home. The fall season presents an ideal time to buy, as real estate markets often experience a lull, granting buyers more negotiation power and better deals.
2. Financial Sense: An Investment Opportunity
Beyond the allure of escaping frigid temperatures, a condo can also serve as a savvy investment. Real estate markets tend to exhibit more stability over time, making condos an attractive option for those seeking to diversify their investment portfolio. With property values appreciating in popular snowbird destinations, buying a condo this fall could yield both immediate enjoyment and long-term financial gains.
3. Cost-Effective Living
Over the last few years, seasonal rentals in the Daytona Beach area have become expensive and hard to find! So one way to cut back on snowbird expenses is to purchase your winter home. Condos are renowned for their cost-effective living arrangements. Monthly homeowners' association (HOA) fees typically cover a range of expenses, such as maintenance, security, and even some utilities. This eliminates the need for snowbirds to worry about the upkeep of their property during their absence, allowing them to focus solely on relaxation and leisure activities. Furthermore, the shared costs of common amenities, such as pools, fitness centers, and clubhouses, can make condo living an affordable and enjoyable choice.
4. Community and Amenities
Condos are designed to foster a sense of community and camaraderie. Snowbirds can connect with like-minded individuals who share a common love for the destination and the seasonal lifestyle. Many condo complexes offer social events, group activities, and recreational facilities that encourage residents to forge new friendships. Fall is an excellent time to purchase a condo, as it allows snowbirds to acclimate to the community before the winter rush, enabling them to participate in community events right from the start.
5. Lock-and-Leave Convenience
One of the most significant advantages of owning a condo is the lock-and-leave convenience it offers. As snowbirds divide their time between their primary and winter homes, having a property that requires minimal maintenance and can be easily secured is invaluable. Condos typically have security measures in place, giving owners peace of mind while they are away. This convenience allows snowbirds to enjoy their winters without the worry and hassle that often accompany traditional homeownership.
Bottom Line
As the leaves change and the temperatures begin to drop, snowbirds have a unique opportunity to invest in their ideal winter retreat by purchasing a condo this fall. The benefits of owning a condo extend far beyond just escaping the cold; it's about securing a comfortable, cost-effective, and community-oriented living space that aligns with the snowbird lifestyle. From the financial perks of real estate investment to the convenience of lock-and-leave living, condos provide a holistic solution for those seeking both leisure and smart investments. So, as you plan your migration this fall, consider the lasting advantages of owning a condo—a decision that could redefine your winters for years to come.2023-09-17T07:01:00-07:002023-10-17T08:06:10-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38897Daytona Beach Area Condo Sales for August 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/600AtlanticUnit918-7_-_Copy_2.jpg" width="350" height="233" alt="photo of an oceanfront condo building" class="img_box_left" style="font-size: 17px; color: #363636;" />(Daytona Beach, FL) – Prices were up as condo sales remained down across the Daytona Beach area in August.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 121 condo units were sold around the Daytona Beach area in August with a median sales price of $324,000. The sales total was marginally higher than July, but down nearly 19 percent from a year ago. And sales volume in August fell nearly 13 percent from last year, according to MLS reports.
Meanwhile, the median condo sales price was up in both annual and monthly comparisons, with prices rising 4.5 percent from July and up roughly 2 percent from August 2022.
Year to date, MLS report show condo sales are down more than 29 percent while the median condo sales price is 3 percent lower than the first 8 months of 2022.
"Sales are definitely down overall for the year, but current condo market conditions appear to be relatively stable,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach.
Condo inventory levels across the Daytona Beach MLS area rose nicely in August, MLS reports show. The number of available condo units in August was up 5 percent from July and 50 percent higher than last year, with 1,012 condos made active on the MLS at some point during the month.
Daytona Beach MLS data for Condo and Condotel Sales combined:
August 2023: 121 condo/condotels sold with a median sales price of $324,000.
August 2022: 149 condo/condotels sold with a median sales price of $318,000.
July 2023: 119 condo/condotels sold with a median sales price of $310,000.
July 2022: 128 condo/condotels sold with a median sales price of $254,000.
Total Volume Sold in August 2023: $49,601,602.
Total Volume Sold in August 2022: $56,940,573.
Year To Date 2023: 923 condo/condotels sold with a median sales price of $290,000.
Year To Date 2022: 1309 condo/condotels sold with a median sales price of $300,000.
“Vacation condo sales picked up in August, and the median condotel sales prices remained steady,” Wysocarski said. “We’re finding that demand for investment property in Daytona is still strong, even as some of our buildings remained closed for updates and hurricane repairs.”
August 2023 Daytona Beach MLS data for Condos and Condotels separated:
104 condos sold with a median price of $357,500.
17 condotels sold with a median price of $150,000.
August 2023 highlights of luxury condo sales in the Daytona Beach area include:
A $2,400,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/fountains/">Fountains of New Smryna Condominiums</a>, New Smyrna Beach on 8/1.
A $1,800,000 condo sale at the <a href="https://www.ronsellsthebeach.com/palm-coast-condos/tuscany/">Tuscany at Hammock Dunes Condominiums</a>, Palm Coast on 8/30.
A $1,799,999 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/hammocks-at-minorca/">The Hammocks At Minorca Condominiums</a>, New Smyrna Beach on 8/25.
A $1,250,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-shores-condos/towers-grande/">Towers Grande Condominiums</a>, Daytona Beach Shores on 8/1.
Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit <a href="http://www.ronsellsthebeach.com/">RonSellsBeachCondos.com</a>. Additional information is available to the media upon request. Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 9/5/2023 for the following periods: 7/1/2023 to 7/31/2023, 7/1/22 to 7/31/22, 8/1/2023 to 8/31/2023, 8/1/22 to 8/31/22, 1/1/23 to 8/31/23, 1/1/22 to 8/31/22. 2023-09-10T07:52:00-07:002023-09-05T08:17:15-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38467Sell Faster With An Open House Event
Curious about open houses in the home buying process? Wondering if you should host one as a seller or attend as a potential buyer?
We here at Wyse Home Team Realty believe open house events are a worthwhile endeavor for both buyers and sellers, because ultimately, these events provide great value to both!
Let’s start with some basics.
What is an Open House in Real Estate?
An open house is when a homeowner and their real estate agent invite the general public to view the property. It's like a public showcase of the home, usually held within a 1- to 3-hour window. During the event, the listing agent will be available to answer questions, highlight design features, and collect contact information from interested parties.
It’s an age-old practice that dates back to the early 1900s, when sellers struggled to find buyers without word of mouth. To better market their clients’ homes, real estate brokers began opening them up to visitors, and the concept of open houses was born. It promoted more word of mouth The concept quickly gained popularity as a way to market homes more effectively and find serious buyers.
Today, open house events continue to be a popular strategy in the real estate world, in most market conditions.
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/Blog_Photos_2.png" width="600" height="400" alt="photo of a house with open house sign out front" />
How Do Open Houses Work?
Open houses give potential buyers the chance to explore a property at their own pace. Unlike scheduled showings, open houses allow visitors to envision themselves living in the space without feeling rushed. Plus, with multiple buyers viewing the property simultaneously, there's a possibility of sparking a bidding war, creating a sense of urgency among buyers to submit an offer.
That's why our Wyse Home Team Realty listing agent often recommend open houses as a marketing strategy for newly listed homes. Coupled with a robust marketing campaign to announce the new listing, sellers can enter the market with what we like to call “a little shock and awe!”
The Pros and Cons of Open Houses
Open house events have their benefits for both sellers and buyers.
The pros for sellers:
It’s a way to attract a large number of potential buyers to view their home in a short period of time.
It increases the chances of receiving competitive offers
It allows sellers to quickly gather valuable feedback about their property, it’s listing price, and competing homes on the market.
Can reduce the time it takes to sell the home.
The pros for buyers:
Buyers can get a sneak peek at homes they're interested in without scheduling appointments
Open house events are an extended viewing period that allows buyers to see and inspect the home without being rushed. Most showing appointments are offered in 15-30 min time blocks.
An opportunity to explore more homes in a shorter time fram to determine what type of home suits their needs.
However, open house events aren't without their downsides.
Some sellers may find the advance cleaning and decluttering process inconvenient or even time consuming, depending on the situation. Trust for their agent is also important, as your agent will be watching the property for the duration of the event and responsible to handle any concerns. And open house events do open the doors of a seller’s home to buyers that may not be financially qualified to buy the home.
Buyers, on the other hand, might face distractions related to a few or many other people viewing the home at the same time. There can be perceived pressure to make an offer if other buyers around seem to be competition for a home the buyers like. And there could be the challenge of choosing which events to attend! In our service area of Florida, there are HUNDREDS of open house events running every week!
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/Blog_Photos_3.png" width="600" height="400" alt="people at an open house event" />
Bottom Line
In the end, open house events can be a game-changer for both sellers and buyers. They offer a unique chance to showcase a home and explore potential options. So, whether you're considering hosting or attending an open house, you now have the insight to make an informed decision. Start your real estate journey today and unlock the true value of open houses.2023-09-03T11:03:00-07:002023-08-14T11:43:57-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38426Owner Financing is BACK!
Today, we're talking about Seller Financing. AKA Owner Financing.
With the latest slowdown of home sales and increases in interest rates, real estate has shifted and it’s opening doors of opportunity for some sellers and buyers.
How Owner Financing Works
As a buyer or seller, it's worth understanding how owner financing works to determine whether it might be right for you.
<a href="https://www.investopedia.com/">Investopedia</a> describes Seller Financing as "a real estate agreement in which the seller handles the mortgage process instead of a financial institution." Basically, instead of using a bank or mortgage lender, the buyer signs a mortgage with the seller of the property. And the seller of the property collects the interest on the loan instead of the bank.
For the last decade or so interest rates were at historic, rock bottom levels. With little to no interest to gain and some risk involved, it didn’t make sense for most sellers to offer owner financing for their property.
The ROI just wasn’t there.
But with the return of slower home sales and rising interest rates has come the return of owner financing opportunities.
Lets start with the basics.
What kind of buyers might want or need owner financing?
Buyers with commission income and those who are self employed. Traditional mortgage lenders have a lot of rules to follow and the rules tend to be very conservative with how commission income and self employment income is applied to determine the amount of money a buyer can borrow. A seller can set their own rules and thresholds.
Relocating buyers. When moving from one state to another, mortgage lenders often have strict rules about proof of employment in the new state, and sometimes a required number of months on the job before buying which can result in renting first and multiple moves. With seller financing, buyer can move faster and fewer times.
Buyers with blemished credit. There are any number of things that can blemish a person’s credit. And sometimes, the blemish is unrelated to housing costs and not a reflection of a person’s ability or commitment to pay their mortgage.
What kind of sellers might benefit from providing owner financing?
For starters, any sellers who own their home free and clear and do not need the proceeds from the sale to purchase their next home could be a candidate for seller financing on their home sale.
Sellers whose investment plans for the proceeds is lower than the 7, 8, or 9+ percent interest they could garner by holding the mortgage.
Sellers for whom the transaction will result a large tax obligation, like capital gains. Holding the note allows the seller to spread out that tax obligation.
Sellers who are within a few years of a job change or retirement that will result in a lower income and tax bracket. In an owner finance situation, the seller will only be paying tax on the amount collected each year during the buyer’s repayment, which is much smaller than the full amount of the home sale. And by setting a balloon payment for a few years later, when the seller is retired and their income is reduced they will pay the tax based on that reduce income tax bracket. It could mean a huge tax savings to the seller compared to what they would pay if they sold NOW a cash buyer or 3rd party financed deal.
Bottom Line
If you're in the market to buy or sell a home, you should take a moment to get acquainted with the concept of owner financing. As a seller, owner finance could be a great way to earn interest on your investment for the short, mid, or long term. Holding the note for someine might reap you some tax savings. For buyers, it could save the costs and hassles of an extra move. It could help you buy your dream home sooner, or maybe help you to become a homeowner at all if traditional banks aren't able to assist. 2023-08-27T09:44:00-07:002023-09-26T11:15:21-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38566Daytona Beach Area Home Sales For July 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/1PointDoralCt-41.jpg" width="350" height="233" alt="Photo of the front door of a home" class="img_box_left" />(Daytona Beach, FL) – Home sales across the Daytona Beach area dropped dramatically in July.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 363 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $374,995. That’s a more than 7 percent decrease in total home sales compared to July 2022, and it is 21.4 percent lower than home sales in June. Reports show sales volume during July was down more than 7 percent compared to last year, and 23 percent lower than home sales volume in June. Year to date, single family home sales reported in the Daytona Beach MLS are down more than 10 percent.
The median home sales price in the Daytona Beach area fell roughly 1.5 percent over last year to $374,995. That number is down marginally from the previous month, according to MLS reports. Year to date, MLS reports indicate the median sales price is nearly level that of the first seven months of 2022.
July 2023: 363 sales, $164,480,606 sales volume, $374,995 median sales price.
July 2022: 392 sales, $177,967,237 sales volume, $381,000 median sales price.
June 2023: 462 sales, $213,758,181 sales volume, $377,200 median sales price.
June 2022: 442 sales, $199,237,881 sales volume, $385,000 median sales price.
Year-To-Date 2023: 2,617 sales, $1,170,113,540 sales volume, $373,910 median sales price.
Year-To-Date 2022: 2,923 sales, $1,300,049,493 sales volume, $374,900 median sales price.
“July home sales were a little like a blast of cool air against the scorching summer heat,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL.
The inventory levels of available homes listed for sale in Daytona Beach increased in July, with the MLS reporting that there were roughly 187 more homes on the market than the month prior. Overall, MLS reports show inventory levels were more than 12 percent higher than the number of homes available in July last year.
July 2023 Inventory: 1,645 single family home listings were active at some point during the month.
July 2022 Inventory: 1,458 single family home listings were active at some point during the month.
June 2023 Inventory: 1,636 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 4,923 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 4,519 single family home listings were active at some point during the period.
“Inventory of single family homes in our market remains up in both monthly and annual comparisons,” Wysocarski said. “With these changing market conditions, we are seeing more buyers successfully negotiating deals below list price and as well as the return of seller concessions.”
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales were down in all areas. Ormond Beach and Beachside held the top spot for highest median sales price during July, at $450,000.
Ormond Beach: 77 sales, $450,000 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 53 sales, $295,000 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 37 sales, $450,000 median sales price.
Port Orange: 66 sales, $389,999 median sales price.
New Smyrna Beach: 53 sales, $382,000 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices, and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 8/16/23 for the following periods: 7/1/23 to 7/31/23, 7/1/22 to 7/31/22, 6/1/23 to 6/30/23, 6/1/22 to 6/30/22, 1/1/23 to 7/31/23, 1/1/22 to 7/31/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 8/16/23 for the period of 7/1/23 to 7/31/23 and 6/1/23 to 6/30/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651. 2023-08-20T11:54:00-07:002023-08-17T12:05:22-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38483The Utlimate Guide To Buying A Condo in Daytona BeachWhen it comes to finding a perfect blend of sunny beaches, vibrant entertainment, and a laid-back lifestyle, Daytona Beach, Florida, emerges as a top contender. With its stunning oceanfront views and a plethora of attractions, it's no wonder that buying a condo in Daytona Beach is an enticing prospect. In this comprehensive guide, we'll walk you through the process of purchasing a condo in this beautiful coastal city, from understanding the market trends to navigating the legal intricacies.
<img src="https://assets.site-static.com/userfiles/1460/image/2022_Blogs/2727NAtlanticAveUnit704-14.jpg" width="600" height="400" alt="aerial image of condos on daytona beach" />
Why Choose Daytona Beach, FL?
Nestled along the Atlantic coast, Daytona Beach boasts an irresistible combination of pristine beaches, world-famous motorsports events, and a thriving arts scene. From the iconic Daytona International Speedway to the Ponce de Leon Inlet Lighthouse, this city offers an array of activities for residents and visitors alike. Choosing to buy a condo here means investing in a lifestyle that balances relaxation and excitement.
Understanding the Daytona Beach Condo Market: Before delving into the buying process, it's crucial to comprehend the current market trends in Daytona Beach. The city's real estate market is dynamic, with factors such as location, condo amenities, and proximity to the beach influencing property values. Consulting local real estate reports and working with a knowledgeable real estate agent can provide you with insights into the best neighborhoods and condo complexes that align with your preferences and budget.
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/3721SAtlanticUnit1206Aerials-17.jpg" width="600" height="400" alt="aerial image of condos on daytona beach" />
Benefits of Condo Living:
Condominiums offer a unique living experience, particularly in a city like Daytona Beach. Some of the advantages include:
Amenities: Many condo complexes offer amenities such as swimming pools, fitness centers, and communal spaces, enhancing your quality of life.
Low Maintenance: Condo associations typically handle exterior maintenance and repairs, allowing you to enjoy a carefree lifestyle.
Security: Gated entrances and security personnel provide an added layer of safety, making condos an excellent option for those seeking peace of mind.
Community: Condo living often fosters a sense of community, making it easier to connect with neighbors and participate in social activities.
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/600_N_Atlantic_Ave_Unit_808-43.jpg" width="600" height="400" alt="aerial image of condos on daytona beach" />
Steps to Buying a Condo in Daytona Beach:
1. Determine Your Budget: Establishing a budget is the foundation of your condo buying journey. Consider not only the purchase price but also monthly association fees, property taxes, and potential renovation costs.
2. Pre-Qualify for a Mortgage: Getting pre-approved or pre-qualfied for a mortgage is essential. It gives you a clear understanding of how much you can afford and demonstrates your seriousness to sellers, many of which require a prequalification letter to even view the condo.
3. Find a Knowledgeable Real Estate Agent: A local real estate agent familiar with the Daytona Beach market can be your greatest asset. They can help you identify suitable properties, negotiate offers, and navigate the paperwork. Wyse Home Team Realty has been the local condo experts for more than a decade. Because there are so many, and they are all so very different, many local real estate agents aren't super knowledgeable about the buildings, their policies, and whether or not a bank will finance a mortgage for them. We REQUIRE our agents to spend their first several months with our company learning the ins and outs of Daytona Beach area condo complexes and their financeability.
4. Explore Neighborhoods: Daytona Beach offers a range of coastal and inland neighborhoods, each with its own charm. Whether you prefer oceanfront living or a quieter suburban setting, your agent can guide you to areas that match your lifestyle.
5. Property Viewings: Touring potential condos allows you to visualize yourself living there. Pay attention to aspects such as the view, layout, and proximity to amenities.
6. Due Diligence: Before making an offer, conduct thorough due diligence. Review the condo association's rules, regulations, and financial health. Our agents will also assist in helping you identify issues or concerns that could come up during the escrow period, and we will track down all the documents your lender requires. This step can sometimes feel a little tedious, but it protects you and ensures there are no surprises down the road. And we do most of the work, to ensure your condo buying experience is what our motto promises... a buying experience "as easy as a day at the beach!"
7. Make an Offer: Work with your Wyse real estate agent to craft a competitive yet reasonable offer based on comparable sales in the area. Negotiations may follow before arriving at a mutually acceptable price. We will work to ensure you get the BEST POSSIBLE DEAL on your new condo!
8. Inspection and Appraisal: Upon offer acceptance, schedule a professional inspection to uncover any potential issues. An appraisal will also be conducted to assess the property's value for you and your lender. Occasionally, this step can result in additional negotiations, based on the findings.
9. Finalize the Purchase: With a successful inspection and appraisal, you can move forward with finalizing the purchase. Our contract coordinators and the title company for the transaction will be guilding you through the necessary paperwork.
10. Closing: At the closing, you'll sign all the required documents, pay any closing costs or down payments that may be due, and you will receive the keys to your new Daytona Beach condo, as well as all the community amenities!
Conclusion:
Buying a condo in Daytona Beach, FL, offers not only a piece of prime real estate but also an opportunity to embrace a lifestyle that blends relaxation with entertainment. By understanding the market, working with professionals, and taking each step thoughtfully, you'll be well on your way to owning a slice of paradise in this charming coastal city. So, whether you're seeking a vacation retreat or a permanent residence, Daytona Beach's condo market holds a wealth of options waiting to be explored.2023-08-16T13:09:00-07:002023-08-14T13:36:40-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38304Daytona Beach Area Condo Sales For July 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/IMG_3287_1.jpg" width="350" height="263" alt="photo of a condo complex" class="img_box_left" />(Daytona Beach, FL) – The number of condos sold in the Daytona Beach area fell further during the month of July.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 119 condo units were sold around the Daytona Beach area in July with a median sales price of $310,000. That’s 6.3 percent fewer sales than in June and down 7 percent from a year ago. Sales volume in July fell by almost $5 million from last year, according to MLS reports.
Meanwhile, the median condo sales price was up in both annual and monthly comparisons, with prices rising almost 22.1 percent from July 2022 and up marginally from the previous month.
"The Daytona Beach condo market is facing some tough challenges right now,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach. "We’re finding that condo associations around the area are struggling to acquire and maintain insurance policies to protect their buildings. Without proper coverage, most lenders are unable to write and close home loans for units in those buildings. Add to that all the condo buildings that are still dealing with major repairs from the most recent storms. It’s a painful blow to the local condo market.”
Condo inventory levels across the Daytona Beach MLS area fell slightly in July, MLS reports show. But the number of available units remained up almost 50.9 percent year over year, with 952 condo units made active at some point during the month. All told, MLS reports show buyers in July had 4 less units on the market to consider, compared to the 957 units active in June.
Daytona Beach MLS data for Condo and Condotel Sales combined:
July 2023: 119 condo/condotels sold with a median sales price of $310,000.
July 2022: 128 condo/condotels sold with a median sales price of $254,000.
June 2023: 127 condo/condotels sold with a median sales price of $309,000.
June 2022: 154 condo/condotels sold with a median sales price of $315,000.
Total Volume Sold in July 2023: $40,077,720.
Total Volume Sold in July 2022: $44,960,953.
Year To Date 2023: 801 condo/condotels sold with a median sales price of $287,000.
Year To Date 2022: 1160 condo/condotels sold with a median sales price of $299,900.
“Vacation condo sales dropped dramatically in July as the median sales price for condotels remained high and some buildings continued to face closures for remodels and repairs,” Wysocarski said.
July 2023 Daytona Beach MLS data for Condos and Condotels separated:
107 condos sold with a median price of $332,500.
12 condotels sold with a median price of $155,500.
July 2023 highlights of luxury condo sales in the Daytona Beach area include:
A $940,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/diamond-head/">Diamond Head Point Condominiums</a>, New Smyrna Beach on 7/19.
A $865,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-condos/mediterranean/">The Mediterranean Condominiums</a>, Daytona Beach on 7/14.
A $860,000 condo sale at the <a href="https://www.ronsellsthebeach.com/ponce-inlet-condos/towers-5/">The Towers at Ponce Inlet Condominiums</a>, Ponce Inlet on 7/20.
Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit <a href="http://www.ronsellsthebeach.com/">RonSellsBeachCondos.com</a>. Additional information is available to the media upon request. Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 8/8/2023 for the following periods: 7/1/2023 to 7/31/2023, 7/1/22 to 7/31/22, 6/1/23 to 6/30/23, 6/1/22 to 6/30/22, 1/1/23 to 7/31/23, 1/1/22 to 7/31/22. 2023-08-13T08:55:00-07:002023-08-14T07:13:40-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:38278The Best Time Of Year To Sell Your Home In FloridaIf you're looking to sell your home in Florida, you're probably wondering when the best time of year is to put it on the market. Especially if you came to Florida from a cold weather state, where seasonal shifts have notable impact on real estate transactions.
Well, the good news is that Florida's beautiful weather helps keep the real estate market active year-round. But some seasons do still tend to be better than others!
Understanding which time of year to list your home can help you maximize profits and minimize stress. In this post, we'll dive into what some home sellers contend are the best times of year to sell your home in Florida.
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/pumpkin-spice-latte-3750036_640.jpg" width="640" height="427" alt="warm drink in a pumpkin cup" />
Fall Can Be a Good Time in Florida
Late Summer/Early fall as the kids are heading back to school can be an excellent time to sell your home in Florida. The weather's still fantastic. There is still a steady stream of tourists and out-of-state buyers. Particularly so in the Daytona Beach area, where huge fall events like Biketoberfest draw in crowds by the hundreds of thousands for days on end. This is also a time when many seasonal snow bird residents are starting to think about their winter getaways and some will be getting a head start on finding their winter home or rental. And if your goal is to get moved before the holiday season sets in, this is a good time to list. But Fall is generally not considered the "best' season to sell a home in Florida. Mostly because of the challenges that hurricane season can sometimes bring to the mix! For many of our home sellers, Fall is the perfect time to interview and select a listing agent, clean and declutter your home, and review the market research and <a href="http://whatsmydaytonahomeworth.com/">pricing recommendations</a> your agent has provided. It's the time to get prepared to list your home by early winter.
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/santa-claus-1906513_640.jpg" width="640" height="427" alt="Santa's hand grabbing a cookie" />
Winter is Peak Selling Season
Depending on the type of home you are selling, Florida's prime season for selling homes is often believed to be during the winter months, specifically from December to February. Mild temperatures and the influx of snowbirds make this an ideal time to list your property. Additionally, buyers during this season often have pressing motivators to move and therefore may be eager to close a sale before the start of the year. A buyer on a deadline is more likely to pay the closer to a seller's asking price. There also tends to be fewer homes on the market (aka: less competition) in the winter season. Especially since families with school age children will often delay listing their home until springtime. For a winter home seller it all adds up to a greater opportunity for your home to stand out in a crowd.
There is one big thing to keep in mind when it comes to listing your home during the winter. Listing around Thanksgiving, Christmas and New Year's can be a double edged sword. Think of all the usual hustle and bustle, personal obligations, and extra entertaining that holidays bring. Now imagine having to open your home for prospective buyers to view it, on short notice, during the busy holiday season. It can be inconvenient. Even still, many Florida home sellers say the outcome was well worth the inconvenience.
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/fort-lauderdale-1975405_640.jpg" width="640" height="360" alt="people on a beach" />
Spring and Early Summer are Busy
March, April, and May are also ideal months to list properties in Florida. Spring break and the Easter holiday attract tourists and vacationers to the state. It makes it a great time for purchasing a vacation home and attracts buyers who are interested in investing in Florida real estate. Homes, condos, and condotels are all in high demand during these months.
Beyond Spring, home sales during the first half of the summer usually keep pace with a high level of activity in the market. As the area's public school children enjoy their summer breaks, we see an influx of families planning a move during the months between school years, as well as an increase in vacation home sales to vacationing visitors, and investors of all kinds.
However, summer in Florida can be a bit of a challenge for home sellers. With temperatures frequently over 90 degrees and humidity levels increasing, many potential out of state homebuyers may avoid coming to Florida during the summer. And though it can feel expensive, it's important as a home seller, to have your air conditioning running and have your property in top condition to impress those who do come during the summer. Never be tempted to turn off utilities in a vacant listing. (There are horror stories of seller regrets related to turning off or cancelling important accounts prematurely!)
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/partial-view-of-realtor-hanging-sold-sign-in-front-2022-12-16-15-23-57-utc.jpg" width="650" height="434" alt="realtor hanging a sold sign" />
Bottom Line
Selling your Florida home during the right season for YOU is what's most important. Timing your home sale to your life, your goals, and your timeline is always in your best interest. Understanding the motivating factors among buyers during your selling season can definitelya ssist you in maximizing your profits as a home seller. While each season has its pros and cons, marketing your home to the active buyers in the market at the time your list, or timing your sale to coincide with peak season can help you sell your property quickly, and for a great price. But it's key to make sure to work with an experienced real estate agent who knows <a href="https://www.ronsellsthebeach.com/blog/category/market-reports/">the local market</a> and can help you navigate the selling process. With the right timing and support, you can get top dollar for your Florida home. no matter what time of year you choose to sell it. With the right support behind you, any time of year is a good time to sell your home in the Sunshine State! 2023-08-07T10:12:03-07:002023-08-07T11:25:38-07:00Wyse Home Team Realtytag:ronsellsthebeach.com,2012-09-20:37924Daytona Beach Area Home Sales for June 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/1432Peachtree-70sm.jpg" width="350" height="233" alt="Mainland Area of Daytona Beach Aerial Photo" class="img_box_left" />Home sales across the Daytona Beach area remained steady in July.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 461 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $377,500. That’s a more than 4 percent increase in total home sales compared to June 2022, but it’s 3.5 percent lower than home sales in May. Reports show sales volume during July was up 7 percent compared to last year, and 2.6 percent higher than home sales volume in May. Year to date, single family home sales reported in the Daytona Beach MLS are down 11 percent.
The median home sales price in the Daytona Beach area rose roughly 2 percent over last year to $377,500. That number is down marginally from the previous month, according to MLS reports. Year to date, MLS reports indicate the median sales price is nearly level that of the first six months of 2022.
June 2023: 461 sales, $213,418,181 sales volume, $377,500 median sales price.
June 2022: 442 sales, $199,237,881 sales volume, $385,000 median sales price.
May 2023: 478 sales, $207,999,515 sales volume, $378,000 median sales price.
May 2022: 407 sales, $193,046,885 sales volume, $392,100 median sales price.
Year-To-Date 2023: 2,249 sales, $1,003,698,403 sales volume, $373,290 median sales price.
Year-To-Date 2022: 2,531 sales, $1,122,082,256 sales volume, $372,500 median sales price.
“The Daytona Beach housing market has definitely cooled a bit this year, an intended consequence of the Fed’s activities to slow inflation,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL.
The inventory levels of available homes listed for sale in Daytona Beach increased in June, with the MLS reporting that there were roughly 43 more homes on the market than the month prior. Overall, MLS reports show inventory levels were more than 22 percent higher than the number of homes available in June last year.
June 2023 Inventory: 1,631 single family home listings were active at some point during the month.
June 2022 Inventory: 1,328 single family home listings were active at some point during the month.
May 2023 Inventory: 1,588 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 4,363 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 3,889 single family home listings were active at some point during the period.
“Inventory of single family homes in our market is up in both monthly and annual comparisons,” Wysocarski said. “It’s good news for buyers that means more homes to choose from and a little more negotiating power.”
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales were down in all areas except Mainland Daytona, where sales remained the same. New Smyrna Beach held the top spot for highest median sales price during June, at $490,000.
<a href="https://www.ronsellsthebeach.com/ormond-beach/">Ormond Beach: </a>104 sales, $456,500 median sales price.
<a href="https://www.ronsellsthebeach.com/mainland-daytona-beach-area/">Mainland Daytona (Including Holly Hill and South Daytona):</a> 79 sales, $285,000 median sales price.
<a href="https://www.ronsellsthebeach.com/beachside-homes/">Beachside (Ormond By The Sea to Ponce Inlet):</a> 43 sales, $438,000 median sales price.
<a href="https://www.ronsellsthebeach.com/port-orange/">Port Orange: </a>71 sales, $375,000 median sales price.
<a href="https://www.ronsellsthebeach.com/new-smyrna-beach/">New Smyrna Beach:</a> 57 sales, $490,000 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 7/18/23 for the following periods: 6/1/23 to 6/30/23, 6/1/22 to 6/30/22, 5/1/23 to 5/31/23, 5/1/22 to 5/31/22, 1/1/23 to 6/30/23, 1/1/22 to 6/30/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 7/18/23 for the period of 6/1/23 to 6/30/23 and 5/1/23 to 5/31/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651. 2023-07-18T10:45:37-07:002023-07-18T11:11:17-07:00Ron Wysocarskitag:ronsellsthebeach.com,2012-09-20:37685Daytona Beach Area Condo Sales For June 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/3753CardinalBlvd-16sm.jpg" width="350" height="233" alt="Daytona Beach condo skyline" class="img_box_left" />(Daytona Beach, FL) – Both sales and sales prices of condos sold in the Daytona Beach area were down again in June.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 125 condo units were sold around the Daytona Beach area in June with a median sales price of $309,000. That’s 13 percent lower than sales in May, and down nearly 19 percent from June 2022. Sales volume in June fell by 24 percent from last year, according to MLS reports.
Meanwhile, the median condo sales price was up from the previous month but still down notably from 2022. The median condo sales price rose nearly 23 percent from May, but was 2 percent below June of last year.
Year to date, reports show condo sales are down 37 percent compared to the first 5 months of 2022.
"A drop in condo sales is typical in June,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach. "It’s good to see the median sales price rebound from the mid-200s we saw during May.”
Inventory levels across the Daytona Beach MLS area remained up in June, with a small month-over-month decline, MLS reports show. The number of available units was up 70 percent year over year, with 951 condo units made active at some point during the month. But there were fewer units on the market to consider during June, compared to 962 units active in May.
Daytona Beach MLS data for Condo and Condotel Sales combined:
June 2023: 125 condo/condotels sold with a median sales price of $309,000.
June 2022: 154 condo/condotels sold with a median sales price of $315,000.
May 2023: 144 condo/condotels sold with a median sales price of $251,500.
May 2022: 190 condo/condotels sold with a median sales price of $312,450.
Total Volume Sold in June 2023: $42,857,830.
Total Volume Sold in June 2022: $56,690,250.
Year To Date 2023: 680 condo/condotels sold with a median sales price of $285,000.
Year To Date 2022: 1032 condo/condotels sold with a median sales price of $303,500.
“Vacation condo sales held relatively steady in June, while the median sales price for residential condos was up a bit,” Wysocarski said.
June 2023 Daytona Beach MLS data for Condos and Condotels separated:
105 condos sold with a median price of $360,000.
20 condotels sold with a median price of $140,500.
June 2023 highlights of luxury condo sales in the Daytona Beach area include:
A $1,100,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/moontide-condos-for-sale/">Moontide Condominiums</a>, New Smyrna Beach on 5/8.
A $990,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/chadham-by-the-sea/">Chadham by the Sea Condominiums</a>, New Smyrna Beach on 5/24.
A $975,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-condos/mediterranean/">Mediterranean Condos</a>, New Smyrna Beach on 5/15.
Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit <a href="http://www.ronsellsthebeach.com/">RonSellsBeachCondos.com</a>. Additional information is available to the media upon request. Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 7/6/2023 for the following periods: , 6/1/23 to 6/30/23, 6/1/22 to 6/30/22, 5/1/2023 to 5/31/2023, 5/1/22 to 5/31/22, 1/1/23 to 6/30/23, 1/1/22 to 6/30/22. 2023-07-06T10:45:00-07:002023-07-06T11:59:17-07:00Heather Scofieldtag:ronsellsthebeach.com,2012-09-20:9551How Swimming Pools Affect Home Values
<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/3BroadriverDr-111.jpg" width="400" height="267" alt="Photo of a pool home" class="img_box_left" />A new pool is a big investment. So for many homeowners considering the project, the first question is, "Does a pool add value to a home?"
The answer is.... No. Yes. Well, like many things in life... it depends.
Generally speaking, it's not a good idea to add a pool to your home for the mere sake of improving your home's value. You're probably better off making investments in kitchens, baths and even simple exterior or landscaping improvements.
But, if being able to dive right into a sparkling swimming oasis when Florida's temperatures and humidity levels have you at wits end is really the ultimate goal, then adding a pool to your property may be worth considering.
How Much Value Added Can I Expect?
There's never a guarantee that adding a swimming pool will increase your home's value. But there are some circumstances when the odds can be in your favor. According to a recent BankRate <a href="https://www.bankrate.com/homeownership/pool-add-value-to-home/#add-value">article</a>, their research suggests that adding an in-ground swimming pool can increase home value by as much 7 percent. However, when you factor in the actual cost of installing that pool plus the ongoing maintenance that comes with simply owning a pool, you may find the upside in your home value isn't actually enough to completely cover the costs.
Wyse Home Team Realty CEO Ron Wysocarski says his experience selling more than 1300 homes across Central Florida has shown him that if the right circumstances line up, homeowners here tend to see a swimming pool increase their home value initially by 60% to 70%, of the amount the homeowner paid to install the pool.
But there's more value to consider than just the initial impact of the swimming pool's affect on home value. Homeowners in Central Florida have at least one thing working in their favor. Summers here aren quite HOT. And HUMID. And well, people want to enjoy the summer sun while also staying comfortable!
That helps your prospects of a return on the investment you'll make in a new pool. It makes swimming pools a desirable feature among more home buyers than you would expect in cooler states. <a href="https://www.ronsellsthebeach.com/daytona-beach/pool-homes-for-sale/">Pool homes</a> often sell faster, and for more money across central Florida. And in recent years, they've been at the heart of countless buyer bidding wars.
“If you live in a warmer climate like Florida or Texas, it can increase your property value and make it more likely to sell your home,” Tom Casey, vice president of sales at Anthony & Sylvan Pools in Doylestown, Penn. told Bankrate.com for their article.
Still, there's never a guarantee you'll get your money back on a pool investment. So it makes sense to consider a few key things that add opportunities for more return on your investment (besides the amazing return of a dip in a sparkling pool on a hot Florida day!)
ROI Opportunities
One example of a situation when your bottom line is more likely to benefited by an in-ground pool investment is if lots of homes in your neighborhoods already have pools. With any home sale, you want your home's amenities, updates and features to be in line with the homes around it. If your home is lacking, compared to most others in the neighborhood, it can be harder to sell.
Your chances of earning a good ROI also improves if you make sure the pool doesn't overtake the yard. Buyers will still want room to put a swing set, plant a garden or play with their pets. You'll also want to ensure the pool's size, style and design fit with your home AND the neighborhood.
And it will be important to pay attention to the numbers. How swimming pools can affect home value is many times secondary to more important aspects of the property, such as a home's age, size, condition, location and current market conditions.
Costs
Building, installing and equiping an in-ground pool often has a price tag of $40,000 or higher. You'll also want a fence or screen enclosure around the pool, and your homeowners insurance company may even require it. Lighting and landscaping around the pool can also cause the startup costs to creep upward.
If you're going to spend $40,000 to $100,000 to build a pool... how does that number compare and relate to your home's current value? What about neighborhood values? Will they support a 7 percent boost in your home's value? (If not, you may want to consider letting us sell your home so you can buy another home that already HAS a pool!)
There's also ongoing maintenace to consider. Filters, chemicals, pool equipment and even the pool's surface itself all will require maintenance in the short or long term.
Another factor worth consideration is how a swimming pool affects homeowners insurance premiums. Homes with inground pools on the property are typically subjected to higher monthly and annual premiums. Homeowners insurance typically covers at least some the repair or replacement costs in the event of disaster or emergency. Policies also may provide liability coverage in the event of injury or death of a guest (assuming there was no negligence on the homeowners part in providing a safe swimming environment.)
Motivating Factors
At the end of the day, the biggest driver behind your decision to add a pool really should be your desire to HAVE a pool! How swimming pools affect your home value should be a secondary consideration in most cases. Our CEO would be happy to chat with you about your specific situation and whether a pool would help or hurt your home value anytime, so feel free to call.
<a href="https://solar-fit.com/" target="_blank">And our friends at Solar-Fit,</a> would be glad to talk to you more about how building your new pool to utilize solar pool technologies can cut your pool's operation costs and make it usable year-round to add value to your investment and make it more desirable to future buyers. 2023-07-06T05:00:00-07:002023-06-28T11:26:14-07:00Ron Wysocarskitag:ronsellsthebeach.com,2012-09-20:37447The Advantages of Solar Homes
Solar energy for your home is the buzz of the town and for a good reason. The number of American households generating their power with solar energy has grown exponentially; a whopping 4 million households already have it. This makes the electric grid more dependable and helps homeowners save money and add value to their homes. Discover the top benefits of residential solar. Discover why it's an excellent idea for your home!
While a solar home may not be for everybody, it is always a great idea to consider this house setup and the advantages that it can bring. If you plan to have a solar home, you should learn more about it here.
<img src="https://assets.site-static.com/userfiles/1460/image/sshome.jpg" width="550" height="367" alt="image of a solar home system" />
Solar Panel Have Become More Affordable
<a href="https://go.sunvalue.com/articles/advertorial?id=2&s=GS&s1=20283151336&s2=149894688946&s3=662553611682&s4=affordable%20solar%20panels&s5=c&r=6346f6ded6e7c&gad=1&gclid=CjwKCAjwhdWkBhBZEiwA1ibLmE93V5V4-VeDON9eWkjTKo06ZP4rxh2VgjKIqQcjg36zYoeKV9DszxoCw0sQAvD_BwE" target="_blank">Did you know installing solar panels in your home is more affordable than ever?</a> Thanks to the federal residential solar tax credit, you can claim a generous 30% tax credit on the cost of your solar system when you file your income taxes. However, it's essential to act fast and install your solar panels by January 1, 2033, before the tax credit decreases to 26%.
In addition to tax credits, various financing options are available to help you purchase your solar system without breaking the bank. With low monthly payments, you can enjoy the benefits of solar power while saving money on utility bills. Don't miss out on this opportunity to save - switch to solar today!
<a href="https://solar-estimate.ecowatch.com/local-solar-calculator-fl/?project=&locp=9011504&loci=&kw=solar&var1=19773607165&var2=145314706503&var3=c&cmp=fl&kwd=&utm_source=google&utm_medium=cpc&utm_network=g&utm_device=c&utm_keyword=solar&utm_matchtype=p&utm_campaignid=19773607165&utm_adgroupid=145314706503&utm_adid=%7Badid%7D&gclid=CjwKCAjwhdWkBhBZEiwA1ibLmMyoMqolJZ5S_aBE6-K9ZKdqaP7Kr74LkRBkSGpQ9B4fK9zjS5ZurhoC1WwQAvD_BwE" target="_blank">Save Money on Your Utility Bill with Solar Energy</a>
Are you tired of high utility bills and looking for a cost-effective solution? Solar energy is the answer! Not only can it help you cut down your monthly expenses, but it's also a wise investment that'll benefit you for years to come.
The savings you'll enjoy with solar energy will depend on several factors, such as your electricity consumption, the size of your solar energy system, and its power-generating capacity. But here's the best part - you can also lease a third-party-owned system that allows you to host it on your rooftop and purchase back the electricity generated at a discounted rate. This not only saves you money, but it also locks in your electricity rates for years to come.
Keep Your House Pools Warm for More Months
With a solar system home setup, you can swim in your backyard pool for months. Get ready to make a splash all year round! While summer is a popular time for swimming in the pool, heating costs can add up during colder months. Don't worry - there's a solution that won't break the bank! By setting up a solar system at home, you can enjoy your pool for more months without worrying about expensive heating costs. Keep your swimsuits on and read on to learn how to extend your pool season with a solar system at home.
Keep the Lights on When Power is Down
Don't be left in the dark during a power outage. Own your power by harnessing the energy of the sun with solar panels. You can enjoy electricity even when the grid is down by pairing them with a battery storage system, also known as solar-plus-storage. You'll no longer have to worry about inclement weather or time of day. Plus, the advancements in battery technology and energy storage incentives make owning your power even more accessible to households nationwide. Invest in your control and never be without electricity again.
Increase Your Home Value
Installing solar panels could raise the value of your home. According to a study by the Berkeley National Laboratory, solar systems are seen as upgrades on par with fancy kitchen remodel or converted basements. Home buyers nationwide are willing to pay a premium for homes with average-sized solar arrays. Third-party-owned systems may not always add value, but prepaid leases can occasionally have a positive impact. Invest in solar energy and watch your home's worth soar!
Solar Systems are Adaptable To Any Climate
Did you know solar panels can generate electricity with just one thing - sunshine? Even during winter, there's enough sunlight to power the average American home. So, whether you live in sunny Florida or snowy Alaska, solar panels are a viable choice!
The U.S. Department of Energy's Solar Energy Technologies Office (SETO) understands that weather can be a significant concern for solar panels. That's why they've funded five Regional Test Centers across the country, located in different climates, to ensure that panels are up to the challenge. So, you can rest assured that your solar panels will perform at their best no matter where you live.
You Can Live Anywhere and Go to Solar
Are you a homeowner or a city dweller? Either way, you can benefit from Community Solar! Don't worry about the installation costs or location—shared solar arrays can be placed on your roof or offsite. By splitting the costs among all participants, everyone can buy into the renewable energy system at a level that suits their budget. Plus, if you move, your share can be negotiated into the sale of your property! Harness the power of solar energy quickly and affordably with Community Solar.
Are You Planning on Changing to a Solar Home
We can give you more information about the advantages and costs of a solar home. Leave us a message at <a href="https://www.ronsellsthebeach.com/contact/" target="_blank">www.ronsellsthebeach.com</a>, our website, or call us at <a href="https://www.ronsellsthebeach.com/:(386) 871-7697" target="_blank">(386) 871-7697</a>. We will be happy to answer any questions about solar homes.
2023-06-23T06:34:57-07:002023-06-23T13:07:23-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:37177Daytona Beach Area Home Sales for May 2023<img src="https://assets.site-static.com/userfiles/1460/image/abc.jpg" width="350" height="233" alt="image of houses in Daytona Beach area" class="img_box_left" />An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 477 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $379,000. That’s a more than 17 percent increase in total home sales compared to May 2022, and it’s more than 24 percent higher than home sales in April. Similarly, total sales volume was up 7.6 percent in annual comparisons, and nearly 22 percent higher than home sales volume in April. Year to date, single family home sales reported in the Daytona Beach MLS are down 14.6 percent.
The median home sales price in the Daytona Beach area was down from last year but up from the previous month, according to MLS reports. At $379,000, the median home sales prices across the area during May was 3.3 percent lower than in May 2022 and 3.6 percent higher than in April 2023. Year to date, MLS reports indicate the median sales price is nearly level that of the first five months of 2022.
May 2023: 477 sales, $207,730,515 sales volume, $379,000 median sales price.
May 2022: 407 sales, $193,046,885 sales volume, $392,100 median sales price.
April 2023: 382 sales, $170,745,209 sales volume, $365,622 median sales price.
April 2022: 437 sales, $196,525,367 sales volume, $377,500 median sales price.
Year-To-Date 2023: 1784 sales, $788,707,445 sales volume, $370,000 median sales price.
Year-To-Date 2022: 2089 sales, $922,844,375 sales volume, $369,000 median sales price.
“May was a particularly strong month for single family home sales,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. “With condo sales down for the same period, it appears that some buyers this summer may have shifted priorities in their home search.”
The inventory levels of available homes listed for sale in Daytona Beach increased in May, with the MLS reporting that there were roughly 32 more homes on the market than the month prior. Overall, MLS reports show inventory levels were more than 39 percent higher than the number of homes available in May last year.
May 2023 Inventory: 1,581 single family home listings were active at some point during the month.
May 2022 Inventory: 1,135 single family home listings were active at some point during the month.
April 2023 Inventory: 1,549 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 3,780 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 3,205 single family home listings were active at some point during the period.
“Inventory rose a little in May, but demand was stronger,” Wysocarski said. “We are again seeing well priced homes sell fast and with multiple offers.”
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales were up in all areas except New Smyrna Beach, where sales fell slightly. New Smyrna Beach held the top spot for highest median sales price during May, at $500,000.
Ormond Beach: 106 sales, $431,000 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 96 sales, $284,000 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 48 sales, $417,000 median sales price.
Port Orange: 77 sales, $360,000 median sales price.
New Smyrna Beach: 63 sales, $500,000 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 6/15/23 for the following periods: 5/1/23 to 5/31/23, 5/1/22 to 5/31/22, 4/1/23 to 4/30/23, 4/1/22 to 4/30/22, 1/1/23 to 5/31/23, 1/1/22 to 5/31/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 6/15/23 for the period of 5/1/23 to 5/31/23 and 4/1/23 to 4/30/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651.
2023-06-16T06:08:55-07:002023-06-16T07:29:17-07:00Kristofer Impallomenitag:ronsellsthebeach.com,2012-09-20:36948Daytona Beach Area Condo Sales for May 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/104SurfViewUnit1201Photos-9_4.jpg" width="350" height="233" alt="Photo of Palm Coast Condos" class="img_box_left" style="margin-top: 0px; margin-bottom: 0px;" />The median sales price of condos sold in the Daytona Beach area fell further during the month of May.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 140 condo units were sold around the Daytona Beach area in May with a median sales price of $251,500. That’s 18 percent higher than sales in April, but it’s down 26 percent from May 2022. Sales volume in May fell by almost $24 million from last year, according to MLS reports.
Meanwhile, the median condo sales price was down in both annual and monthly comparisons, with prices falling 19.5 percent from May 2022 and down 15 percent from the previous month.
"Daytona Beach condo sales are still reasonably strong,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach. "But federal actions to slow inflation coupled with a noticeable increase in condo inventory across the Daytona Beach area are definitely causing condo sales and prices to dip.”
Inventory levels across the Daytona Beach MLS area rose in May, MLS reports show. The number of available units was up 82 percent year over year, with 939 condo units made active at some point during the month. Buyers in May also had 48 additional units on the market to consider, compared to the 892 units active in April.
Daytona Beach MLS data for Condo and Condotel Sales combined:
May 2023: 140 condo/condotels sold with a median sales price of $251,500.
May 2022: 190 condo/condotels sold with a median sales price of $312,450.
April 2023: 118 condo/condotels sold with a median sales price of $297,000.
April 2022: 191 condo/condotels sold with a median sales price of $285,000.
Total Volume Sold in May 2023: $46,644,093.
Total Volume Sold in May 2022: $ 70,640,946.
Year To Date 2023: 550 condo/condotels sold with a median sales price of $277,400.
Year To Date 2022: 877 condo/condotels sold with a median sales price of $300,500.
“Vacation condo sales perked up during May, with more than double the closings of April,” Wysocarski said.
May 2023 Daytona Beach MLS data for Condos and Condotels separated:
116 condos sold with a median price of $325,000.
24 condotels sold with a median price of $145,000.
May 2023 highlights of luxury condo sales in the Daytona Beach area include:
A $1,100,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/moontide-condos-for-sale/">Moontide Condominiums</a>, New Smyrna Beach on 5/8.
A $990,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/chadham-by-the-sea/">Chadham by the Sea Condominiums</a>, New Smyrna Beach on 5/24.
A $975,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-condos/mediterranean/">Mediterranean Condos</a>, New Smyrna Beach on 5/15.
Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit <a href="http://www.ronsellsthebeach.com/" target="_blank">RonSellsBeachCondos.com</a>. Additional information is available to the media upon request. Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 6/9/2023 for the following periods: 5/1/2023 to 5/31/2023, 5/1/22 to 5/31/22, 4/1/23 to 4/30/23, 4/1/22 to 4/30/22, 1/1/23 to 5/31/23, 1/1/22 to 5/31/22.
2023-06-09T07:27:13-07:002023-07-06T11:58:11-07:00Kristofer Impallomenitag:ronsellsthebeach.com,2012-09-20:25209Redistricting Is Underway<img src="https://assets.site-static.com/userfiles/1460/image/school-bus-gb9eb6f119_1920-min.jpg" width="298" height="200" class="img_box_left" alt="Photo of a School Bus" title="Florida School Buses" />
As our communities grow districts shift, including school zones. District lines are redrawn every 10 years following completion of the United States census, and the counties of Volusia, Flagler, and Brevard are amongst those who are currently in the process of adopting new district boundaries for the 2022 and 2023 calendar school year.
Up for review and consideration will be school attendance boundaries and zoning based on detailed population data. The attendance boundary is a geographic area from which the students are eligible to attend a local school. A local school district determines the school attendance boundaries for schools within its district. Zoning means children who live in the school’s zone are guaranteed a place at their local school. Of note: If the school has extra places, children who live outside the zone can apply for those places.
The objective of the redistricting process is to redraw the districts so they are compact adjoining, and as close in population as possible. This is necessary to control school capacities as the population in certain areas shift and grow.
Obviously, this process can have an immense impact on parents and children. Most of you moved to a specific school zone to ensure your child could attend the school of your choice. Concern about a possible school change is valid. Having to uproot students that are thriving in their current environment is unsettling. They have favorite teachers, best buddies, and most likely feel comfortable. Sometimes a school change can affect the parent’s job to school proximity, transportation, afterschool care, and more.
If you are considering moving to the central Florida area, feel free to reach out to your agent with any neighborhood or schooling questions. Our agents understand how important a school district can be during the search for your dream home and are very familiar with the area schools and their characteristics and assets. They have the resources to help. There are options to accommodate your child’s talents, interests, and preferred course studies. Our agents work hard to stay in the know and will keep you up to date on any changes during your home search process.
Though the redistricting is inevitable, community input is extremely important. Contact your County Council or School Board representatives directly and keep yourself informed. Regardless of any possible changes for your family, your Wyse Home Team agent will help you navigate any changes or assist you in finding the perfect home and the perfect school for your family that fits your needs and goals.
Redistricting Is Underway
As our communities grow districts shift, including school zones. District lines are redrawn every 10 years following completion of the United States census, and the counties of Volusia, Flagler, and Brevard are amongst those who are currently in the process of adopting new district boundaries for the 2022 and 2023 calendar school year.
Up for review and consideration will be school attendance boundaries and zoning based on detailed population data. The attendance boundary is a geographic area from which the students are eligible to attend a local school. A local school district determines the school attendance boundaries for schools within its district. Zoning means children who live in the school’s zone are guaranteed a place at their local school. Of note: If the school has extra places, children who live outside the zone can apply for those places.
Visit our the links below to learn more about new school district zoning in Volusia, Flagler, and Brevard counties.
Volusia County zoning and search<a href="https://vcsb.maps.arcgis.com/apps/MapSeries/index.html?appid=cfcbf41d78df4338a83030b57479f2f6" target="_blank"> your address for school eligibility, Click Here.</a>
Flagler County zoning and <a href="http://apps.schoolsitelocator.com/?districtcode=93000" title="Flagler County School Zone search by address" target="_blank">search your address for school eligibility, Click Here.</a>
Brevard County zoning and <a href="https://www.zipdatamaps.com/schools/florida/county/map-of-brevard-county-fl-elementary-school-attendance-zones" title="Flagler County School Zone search by address" target="_blank">search your address for school eligibility, Click Here.</a>
Click here to see some <a href="https://www.brevardschools.org/Page/19849">changes that were approved in Brevard for the 2023/2024 school year. </a>2023-06-05T11:30:00-07:002023-07-18T13:08:00-07:00Ron Wysocarskitag:ronsellsthebeach.com,2012-09-20:9538Back To School Fast Facts
It has been a beautiful summer. If you're like our team, you probably spent some time enjoying the sand and surf along The World's Most Famous Beach. Maybe you made some memories at some of the area's attractions and museums. There were parks to visit and springs to swim in. And we hope you enjoyed every minute of the summer sun and Florida fun that our area offers.
But if you have kiddos, then you may now be realizing that summer's end has snuck up on us all and the first day of school for students in Volusia and Flagler counties is looming. It's time for supply lists, uniform rules and zoning maps.
So, to make life a little simpler so you can get back to enjoying the last few days of summer break before the kids head off to class, we pulled together some key details you may need.
Start Dates
<img class="img_box_left" src="https://assets.site-static.com/userfiles/1460/image/Blogs_2019/tablet-1910018_640.jpg" alt="Back To School Fast Facts" width="350" height="234" title="Back To School Fast Facts" />Our primary service area includes three counties, and each have their own rules and start dates.
August 14 is the first day of school for public school students in the Volusia County School Districts. (Includes students in and around Daytona Beach, Port Orange, Ormond Beach, New Smyrna Beach, DeLand, Deltona and Orange City.)
August 14 is also the first day of school for public school students in the Flagler County school district. (Includes students in and around Palm Coast, Flagler Beach and Bunnell.)
August 10 is also the first day of school for public school students in the Brevard County school district. (Includes students in and around Melbourne, Titusville, Cocoa Beach, and Palm Bay, to name a few.)
<a href="https://www.vcsedu.org/directory/departments/community-information-services/calendars" target="_blank">Click here to view the Volusia County School District's 2023/2024 calendars.</a>
<a href="https://www.flaglerschools.com/about-us/calendar" target="_blank">Click here to view the Flagler County School District's 2023/2024 calendars.</a>
<a href="https://www.brevardschools.org/cms/lib/FL02201431/Centricity/Domain/4/2023-2024%20District%20Calendar.pdf" target="_blank">Click here to view the Brevard County School District's 2023/2024 calendars.</a>
Dress Codes and Uniforms
<img class="img_box_left" src="https://assets.site-static.com/userfiles/1460/image/closet-912694_1280-min.jpg" alt="Back To School Fast Facts" width="350" height="197" title="Back To School Fast Facts" />Public schools in Volusia and Flagler counties have pulled back on previously adopted a uniform policies and opted in instead for specific dress code requirements.
<a href="https://www.flaglerschools.com/about-us/news/details/~board/district-news/post/dress-code-202223" target="_blank">Click here to view the dress code policy for Flagler County School District.</a>
<a href="https://www.vcsedu.org/parents-students/dress-code" target="_blank">Click here to view the dress code policy for Volusia County School District.</a>
<a href="https://www.brevardschools.org/site/default.aspx?PageType=3&DomainID=4&ModuleInstanceID=5964&ViewID=6446EE88-D30C-497E-9316-3F8874B3E108&RenderLoc=0&FlexDataID=97601&PageID=1#:~:text=Garments%20must%20be%20of%20a,garments%20should%20meet%20lower%20garments.">Click here to view the dress code policy for Brevard County School District.</a>
<a href="https://www.brevardschools.org/site/default.aspx?PageType=3&DomainID=4&ModuleInstanceID=5964&ViewID=6446EE88-D30C-497E-9316-3F8874B3E108&RenderLoc=0&FlexDataID=97601&PageID=1#:~:text=Garments%20must%20be%20of%20a,garments%20should%20meet%20lower%20garments."> </a>
School Grades
<img class="img_box_left" src="https://assets.site-static.com/userfiles/1460/image/Blogs_2019/floridaschoolgrades2.jpg" alt="Back To School Fast Facts" width="350" height="151" title="Back To School Fast Facts" />Wondering how your child's school fared last year? The Florida department of education publishes accountability reports outlining how well students tested in various subjects at each school, and the department offers a "grade" for each school as a whole.
<a href="https://www.fldoe.org/accountability/accountability-reporting/school-grades/index.stml" target="_blank">Click here to view the state reports.</a>
Zoning
<img class="img_box_left" src="https://assets.site-static.com/userfiles/1460/image/zoningmap-min.jpg" alt="Back To School Fast Facts" width="350" height="240" title="Back To School Fast Facts" />
New to the area? Considering moving? Maybe you moved this summer. Market demand in the greater Daytona Beach area was high and homes were selling incredibly fast throughout the summer sales season. It has left many families scrambling to determine where their children will attend school this fall. And others who are still searching for their next home may find that school zones will affect their purchase decision.
Volusia County zoning - search<a href="https://vcsb.maps.arcgis.com/apps/MapSeries/index.html?appid=cfcbf41d78df4338a83030b57479f2f6" target="_blank" data-uw-rm-brl="false" aria-label="your address for school eligibility, Click Here. - opens in new tab" data-uw-rm-ext-link="" uw-rm-external-link-id="https://vcsb.maps.arcgis.com/apps/mapseries/index.html?appid=cfcbf41d78df4338a83030b57479f2f6$youraddressforschooleligibility,clickhere."> your address for school eligibility, Click Here.</a>
Flagler County zoning and <a href="https://www.schoolsitelocator.com/apps/flagler/" title="Flagler County School Zone search by address" target="_blank" data-uw-rm-brl="false" aria-label="search your address for school eligibility, Click Here. - opens in new tab" data-uw-rm-ext-link="" uw-rm-external-link-id="http://apps.schoolsitelocator.com/?districtcode=93000$searchyouraddressforschooleligibility,clickhere.">search your address for school eligibility, Click Here.</a>
Brevard County zoning and <a href="https://www.brevardschools.org/Page/3449" title="Flagler County School Zone search by address" target="_blank" data-uw-rm-brl="false" aria-label="search your address for school eligibility, Click Here. - opens in new tab" data-uw-rm-ext-link="" uw-rm-external-link-id="https://www.zipdatamaps.com/schools/florida/county/map-of-brevard-county-fl-elementary-school-attendance-zones$searchyouraddressforschooleligibility,clickhere.">search your address for school eligibility, Click Here.</a>
<a class="btn print" rel="nofollow" target="_blank" href="http://www.ronsellsthebeach.com/blog/back-to-school-facts/print.html"> <br /></a><a name="comments" style="background-color: #ffffff;"></a>2023-06-02T11:41:00-07:002023-08-28T07:15:13-07:00Ron Wysocarskitag:ronsellsthebeach.com,2012-09-20:36783Relocating To Florida
Are you planning on relocating to the sunshine capital of the USA? We can’t blame you! Who wouldn’t want to live in <a href="https://thatfloridalife.com/living-in-florida/" target="_blank">Florida </a>and experience the sun, sea, and sand 365 days a year? Thousands are moving to Florida at this very moment.
<a href="https://www.floridasmart.com/local/county" target="_blank">What’s in Florida</a>
Florida is the home of the world-famous beach, Daytona Beach. It has diverse marine life, parks, nature preserves, hiking and biking trails, and waterfront houses and communities. Florida houses hundreds of famous landmarks, museums, high-graded schools, locals shop, dining, and unlimited entertainment spots. To top it all, Florida holds local and prestigious national events like Daytona 500 and Biketober Fest. Everything you could ever need or want is all right here! No wonder people relocating to Florida increase every year!
Houses in Florida
<a href="https://www.fl-counties.com/about-floridas-counties/#:~:text=Today%2C%20the%2067%20counties%20of,more%20than%2017%20million%20people." target="_blank">Today, 67 counties in Florida accommodate 17 million people.</a> Volusia, Brevard, and Flagler counties offer thousands of waterfront houses and condos. Oceanfront homes and riverfront homes are the most popular for people relocating to Florida. There are also exclusive gated communities offering top-tier privacy and security. These communities are surrounded by colossal mature trees and lakes, offering a more peaceful and calm ambiance. Fantastic trails surround some neighborhoods, and nature preserves are perfect for adventure-seeking families and individuals.
With the housing inventory slowly increasing, relocators have a difficult time finding and deciding which community will suit them best and which house is the most ideal for them.
Finding the Right One
Most families who want to relocate to Florida live on the other side of the country or somewhere far away. With the uncountable choices and difficulty in traveling, it can be too overwhelming to begin the house-buying journey. So, what are the chances of a homebuyer finding the best house in Florida? Luckily, there are available means to look for a home while living some thousand miles away.
Use The Right Tools and Resources
Here are available tools and resources that you can utilize to spot the home that would cater to your needs, lifestyle, and personal preferences.
<img src="https://assets.site-static.com/userfiles/1460/image/10.jpg" width="300" height="200" alt="image of a home buyer view homes virtually before relocating to Florida" class="img_box_left" />Virtual Home Viewing - Thanks to the internet, you can now tour the home virtually. It’s like being inside the house without having to step a foot outside of your current home. This method lets you narrow down your list and get an idea of what you would want in a property before moving forward with a physical visit and inspection.
Online Research - YOu can try researching the property at MLS and other websites about the following details; (area, crime rate, schools, community amenities, average home price, HOA, additional fees, and many more).
Referrals - asking for advice from friends and family who have recently purchased or sold a home in the area is another excellent way to get insight into the locality, property values, and other essential factors.
Real Estate Agents - having a real estate agent guide you through home-buying is exceptionally beneficial. They have all the information, connection, and network to find the best home for their clients. They can know exactly what type of home the client needs and the location that best caters to their lifestyle.<img src="https://assets.site-static.com/userfiles/1460/image/9.jpg" width="525" height="350" alt="image of a real estate agent helping a family relocate to Florida" />
Narrowing The Search
Narrowing your search down to the least number of houses is crucial. For example, instead of traveling back and forth from your hometown to Florida to look at 50+ houses, you can trim it down to 5 houses and select the perfect home with just one visit.
As you look at houses through virtual viewing, you can pick out the best-looking homes with all the amenities you need. Let go of places that don’t feel or look right and houses that don’t meet your requirements. Instead, dig deeper and look at your research. Compare the prices, amenities, area, safety, and other critical factors.
Finally, you can have an online or phone consultation with a reliable real estate agent to decide the best choices. Then, as you narrow down the choices to 5 houses or fewer, you are ready to travel to Florida, spend a whole day looking at the top picks, and finally choose THE ONE!
Eliminate All the Hassle
Finding the right home, no matter where you are, doesn’t have to be an enormous burden. All you have to do is take advantage of all the resources, especially technology. Being an expert in the field of real estate is another vital factor. If you follow these tips, looking for the best house will be a pleasant experience.
Let Us Help You Find THE ONE!
Our agents are ready and happy to make your house-hunting journey a walk in the park. With over a decade of real estate experience, hundreds of 5-star reviews from legit clients, top-notch training, and dedicated agents, we are sure to make real estate as easy as a day at the beach!Leave us a message at <a href="https://www.ronsellsthebeach.com/contact/" target="_blank">www.ronsellsthebeach.com</a>, our website, or call us at<a href="https://www.ronsellsthebeach.com/:3868717697"> (386) 871-7697. </a>2023-06-02T08:30:38-07:002023-06-02T08:42:45-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:28973Selling and Buying a New Home Before Next School Year
Every year around May we get asked the same question 'How do I time out a home purchase to coincide with the upcoming school year?' Wyse Home Team Realty is here to help you plan your next big move over your children's summer. Moving during the summer gives your kids time to finish off the current grade they are in without getting their knowledge disrupted by moving in the middle of a school term.
The Most Common Time To Move
Each year <a href="https://www.shyftmoving.com/blog/moving-industry-statistics#:~:text=3%20million%20people%20move%20interstate,summer%20%2D%20between%20May%20and%20August." target="_blank">15.3 million households in America move annually</a>, where roughly 60% of those households move during the summer - between May and August. Planning a move to coincide during this time frame usually begins 6-12 months in advance due to planning out the process.
Maybe you're trying to move to a new school district or school that will fit your child's academic level, sports teams, or special programs; it's just the fact it can be difficult to get your property sold and purchase a new home in 3 months before the next school year starts.
If you're looking to start the process between school years we can definitely assist you with that, but if you're willing to talk about moving in 6, 9, or even 12 months we might have something that can line up just for you.
<img src="https://assets.site-static.com/userfiles/1460/image/Website_Photo_Demensions_11.jpg" width="1050" height="700" alt="class-room-setting" />
Some Factors When Moving To A New School District
Sometimes schools change their district lines, so staying up to date with current school districts is the best way to make informative moving decisions. Look into the school's academic programs as well to see if they are what your child is looking for.
Sports are equally important when changing schools. Investigating school coaches and seeing how well teams perform is essential, especially if your child would like to continue when they get to college. See how often the school gets students scholarships to colleges based on sports performance.
No matter the case, moving is a tremendous decision that should not be rushed. Investigate the area to make sure you will actually enjoy the location before you commit and it's too late. Schools are closed during the summer, so there will not be anyone for you to contact with questions about the school until the next year starts.
Local School District Zoning
With the growth of our communities comes the need to review and adjust school district lines. This is a regular process that takes place every 10 years following the United States census. So it's always a good idea to refresh yourself with what each home address is associated with the school district.
During this review, detailed population data will be analyzed to determine school attendance boundaries and zoning. The attendance boundary refers to the geographic area from which students are eligible to attend a local school. Within a school district, the attendance boundary for each school is determined by local authorities. Zoning, on the other hand, guarantees children who live within the school's zone a spot at their local school. However, if there are extra slots available, children living outside the zone may also apply for enrollment.
Visit our the links below to learn more about new school district zoning in Volusia, Flagler, and Brevard counties.
Volusia County zoning and search<a href="https://vcsb.maps.arcgis.com/apps/MapSeries/index.html?appid=cfcbf41d78df4338a83030b57479f2f6" target="_blank" data-uw-rm-brl="false" aria-label="your address for school eligibility, Click Here. - opens in new tab" data-uw-rm-ext-link="" uw-rm-external-link-id="https://vcsb.maps.arcgis.com/apps/mapseries/index.html?appid=cfcbf41d78df4338a83030b57479f2f6$youraddressforschooleligibility,clickhere."> your address for school eligibility, Click Here.</a>
Flagler County zoning and <a href="http://apps.schoolsitelocator.com/?districtcode=93000" title="Flagler County School Zone search by address" target="_blank" data-uw-rm-brl="false" aria-label="search your address for school eligibility, Click Here. - opens in new tab" data-uw-rm-ext-link="" uw-rm-external-link-id="http://apps.schoolsitelocator.com/?districtcode=93000$searchyouraddressforschooleligibility,clickhere.">search your address for school eligibility, Click Here.</a>
Brevard County zoning and <a href="https://www.zipdatamaps.com/schools/florida/county/map-of-brevard-county-fl-elementary-school-attendance-zones" title="Flagler County School Zone search by address" target="_blank" data-uw-rm-brl="false" aria-label="search your address for school eligibility, Click Here. - opens in new tab" data-uw-rm-ext-link="" uw-rm-external-link-id="https://www.zipdatamaps.com/schools/florida/county/map-of-brevard-county-fl-elementary-school-attendance-zones$searchyouraddressforschooleligibility,clickhere.">search your address for school eligibility, Click Here.</a>
Wyse Home Team Realty Has Moving Solutions For You!
Whether you are looking to move over the course of a few months or years, we can easily help you accomplish this. If you have plenty of time, we can start the research today and help you plan out the move over a set time frame.
If you're looking to move as a result of school districts, let us know by reaching out to our team of an extraordinary team of agents at <a href="tel:386-871-7697" target="_blank">(386) 871-7697</a>. We look forward to making your next home sale as easy as a day at the beach!
We provide specialists for every part of the sales process to ensure our customers receive world class service. This team of experienced real estate specialists know the industry, the diverse Florida markets we serve, and our organization well. Our primary focus is always on the buyers and sellers we serve, because we want to ensure your next real estate transaction is as easy as a day at the beach!
VIEW ALL HOMES FOR SALE IN DAYTONA BEACH, FL2023-05-31T10:57:00-07:002023-06-08T08:10:33-07:00Ron Wysocarskitag:ronsellsthebeach.com,2012-09-20:36652Home Building Materials
One of your house's most prominent and crucial components is the materials and exterior siding. Those protect your home from the elements and define its overall appearance. With various types of siding and materials available today, choosing the right one for your home can be challenging. To help you make an informed decision, consider the benefits, drawbacks, maintenance requirements, and costs of each type of material. Let's dive in and discover the perfect exterior siding for your dream home!
Types of Exterior Siding
Discovering the perfect siding for your home can be daunting with the vast array of options available. In addition, each type of siding has unique features, advantages, and disadvantages. But worry not! To help you select the best fit for your house, we suggest comparing the appearance, durability, and longevity of different types of exterior house siding. This comparison will enable us to find the perfect match for your home.
These are some of the most popular home exterior finishes:
<a href="https://builderboy.com/popular-stucco-finishes/" target="_blank">1. Stucco </a>
<img src="https://assets.site-static.com/userfiles/1460/image/hbb1.jpg" width="300" height="200" alt="different stucco finishes for a home building material" class="img_box_left" />
Stucco is made with a blend of cement and sand, and other aggregates. It can be applied to your home exterior as smoothly as you want or with texture depending on the mix of the sand.
Advantages
Stucco can enhance a home's appearance with its distinct look. Stucco is ideal for a range of architectural styles. It's tough enough to resist knocks and temperature changes while offering endless color options to match your vision. Plus, it keeps your home cool under hot conditions by deflecting heat.
Disadvantages
Stucco is sturdy, but water damage can take its toll over time. The moisture can make it soggy and lead to signs of failure. Unfortunately, damaged areas will need to be replaced, and getting the exact color match can be tricky. Your best bet is to repaint the entire structure to make it blend in seamlessly.
<a href="https://octaneseating.com/blog/wood-finishes/" target="_blank">2. Wood</a>
One of the most popular materials in making a home is wood. It has also been the oldest material to be used in home construction.
Advantages
Wood is versatile enough to give your home a fresh new look. Not only is it lightweight and easy to install, but it also comes in various sizes and patterns to fit any style. So whether you prefer a rustic or modern vibe, wood siding covers you. And with different types of wood available at varying costs, it's easy to find an option that fits your budget without sacrificing quality.
Disadvantages
Unfortunately, wood isn't low maintenance. Constant repainting and water damage issues mean this type of siding requires careful attention. In addition, water and insect issues can spread and become costly without regular maintenance and repairs. Plus, the initial cost can also be high. So consider the ongoing expense before choosing wood as your siding material.
<a href="https://www.houzz.com/photos/brick-exterior-home-ideas-phbr1-bp~t_736~a_32-223" target="_blank">3. Brick</a>
Brick has the most recognizable appearance among all kinds of exterior finishes. As a result, it has been a favorite and sturdy building material over the centuries.
<img src="https://assets.site-static.com/userfiles/1460/image/hbb2.jpg" width="300" height="200" alt="home building material different kinds of brick" class="img_box_center" />
Advantages
Brick is a very durable material. This fantastic material can withstand all sorts of weather conditions and impacts. It's also resistant to fire and bugs so you can rest easy. Plus, with proper maintenance, brick can last for centuries! And best of all, it's naturally low maintenance - no need for regular painting.
Disadvantages
If you're considering brick or brick veneer for your home, it's essential to know that it can come with a hefty price tag. Although it's a sturdy material, it may require repointing down the line, which can be a costly repair. But don't worry; we've got you covered with all the information you need to make an informed decision.
<a href="https://www.fernhillstone.com/stone-veneer-vs-natural-stone" target="_blank">4. Stone Veneer</a>
Stone veneer is a popular material for accents and occasionally for the home's entire exterior. The stone veneer was once made from stone, but today it's made from a material similar to fiber cement, but it is made to look like stone rather than wood.
Advantages
Stone veneer allows a hassle-free way to add a natural stone look to your home. It is easy to install and offers consistent color and shape, giving you greater control over the final result. Plus, it won't break the bank compared to natural stone.
<img src="https://assets.site-static.com/userfiles/1460/image/hbb3.jpg" width="300" height="200" alt="stone veneer a home building material" class="img_box_right" />Disadvantages
Stone veneer siding looks great, but there's a catch. Unlike standard siding, it's tricky to install correctly. Without proper installation, moisture and water may seep behind the veneer and cause damage to the walls. Sadly, fixing this problem means completely removing the veneer, which is costly.
<a href="https://www.homsqr.com/trends-in-metal-finishes-around-the-house/" target="_blank">5. Metal</a>
Metal siding is a popular siding used as an alternative to wood. It is made of steel. And aluminum has many appearances depending on how they are applied.
Advantages
Does this material withstand the test of time? Not only is it durable and resistant to everything from moisture to flames, but it also comes in various styles to suit any home, whether it be traditional, rustic, or contemporary. Plus, many types are low-maintenance, meaning less upkeep for you. And don't worry about weather conditions - metal siding can handle everything from scorching heat to cold.
Disadvantages
Not all metal sidings are made the same! Don't be fooled by cheap imitations that dent easily or rust over time. Instead, look for the type that requires low maintenance and lasts for years. Watch out for those that fade and leave a chalky residue on your clothes. If you run into this issue, don't fret - we've got you covered. Our solution is to quickly repaint the entire facade, leaving it looking brand new once again.
<a href="https://www.jameshardie.com/blog/what-is-fiber-cement-siding" target="_blank">6. Fiber Cement</a>
Fiber cement is made up of a combination of several materials. As a result, they can mimic wood finishes depending on how they are constructed.
Advantages
Fiber cement material is ultra-tough and can resist impacts, moisture damage, insect activity, and fire. Plus, it's available in various styles, including architectural panels, lap siding, board-and-batten siding, cedar-look shingles, and decorative shingles, making it easy to match any architectural style from traditional to contemporary. In addition, fiber cement comes in a wide range of colors, with a finish that resists peeling or chipping for ten years or more, and it's also low-maintenance once installed, with lower lifetime costs.
Disadvantages
Fiber cement is an excellent material, but it has a few minor drawbacks like everything. First, remember that it's pretty heavy, so you should bring in an extra set of hands to help with installation. Additionally, it's essential to contain dust when cutting the material. Because fiber cement contains silica, it can create a lot of dust unsuitable for your health.
Do You Have Any Concerns About Home Buying?
Leave us a message at <a href="https://www.ronsellsthebeach.com/contact/" target="_blank">www.ronsellsthebeach.com</a>, our website, or call us at<a href="https://www.ronsellsthebeach.com/:(386) 871-7697" target="_blank"> (386) 871-7697</a>. We will be happy to help you with your home-buying journey and answer questions within our area of expertise.2023-05-26T06:39:25-07:002023-05-26T09:14:14-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:15765Selling An Inherited Home
Discovering that you have inherited valuable assets like a home, securities, bank accounts, or retirement accounts can be thrilling. However, cashing in on inherited properties requires navigating through complicated procedures. You'll need to consider taxes, laws regulating multiple beneficiaries, and special rules for inheriting retirement accounts. Our expert advice can help you make the most of your newfound wealth.
The Probate Process
The <a href="https://www.ellis-law.com/blog/a-step-by-step-guide-to-floridas-probate-process/" target="_blank">probate process</a> can be easier if the deceased person leaves a valid, but even if there is no will, the next of kin will usually receive the estate. This is when a legal process called probate comes in. Probate process ensures that the wishes of the deceased are followed, and everything is handled correctly.
Since each state has its own laws and practices regarding probate, it can seem overwhelming. An executor is appointed by the court to make sure the assets in the estate are distributed correctly and not wasted.
Types of Ownership and Inheritances
<a href="https://rmolawyers.com/what-are-the-inheritance-laws-in-florida/" target="_blank">There are different types of inherited ownership</a>. Unfortunately, it can get complicated when transferring ownership of assets like a house or investment accounts. Fortunately, you can make things less complicated.
First, if you name a single person as the beneficiary and new owner of an asset, they don't have to consult with anyone else about how to dispose of it.
If your will lists multiple people as beneficiaries, things can get tricky. For example, several people could end up as owners of a single asset, like a house, which means they'll need to work together to decide what to do with the inherited property.
Another way ownership can be transferred is through a contract that names one or more beneficiaries. This applies to assets like life insurance policies, IRAs, and other retirement accounts. If an agreement designates someone as a beneficiary, this takes priority over any wishes expressed in the will.
It's always a good idea to stay current on the beneficiaries in these contracts to ensure your assets go where you intend them to. We don't want you to worry about your loved ones fighting over your inherited property and other investments, so take the time to review your beneficiaries and make any necessary updates.
Sealing the Agreement
There can be all kinds of disagreements between the parties involved. For example, one heir may wish to keep the inherited family home while others prefer to sell it and split the money.
To make a sale, the executor must have permission from all heirs, and the heirs need permission from the executor. In some cases, disputes may end up in court. However, there are more accessible solutions, such as one heir buying out the others or seeking the help of a mediator or family attorney if necessary. The family can also consult with probate courts and professionally discuss how to distribute the inherited properties.
There are cons and pros of selling an inherited property. The probate process and estate matters can take months or even years to resolve, and during that time, bills like taxes, utilities, and maintenance expenses add up. Also, deciding whether to sell or keep an inherited home can be challenging, especially if repairs or upgrades are needed. Disagreements can compound the challenges if you have to share the property with other heirs. Let us help guide you through the process and turn that inherited property into cash for you and your family.
Tips for Handling an Inheritance
Take the intelligent step of consulting with a financial advisor who can guide you on your next move. Consulting with professionals can give you all the help you need to make a sound decision.
Consider all the options available – selling, keeping, renting out the property, etc.
Look into any tax implications that may exist when dealing with an inherited property in your state or country. It might be ideal to go to a probate court.
We Can Help You Sell Your Inherited Property
We understand the difficulties you may be facing. We want to help ease that worry and guide you through the probate process. Moreover, we will do our best to help you sell your inherited property for more. Leave us a message at <a href="https://www.ronsellsthebeach.com/contact/" target="_blank">www.ronsellsthebeach.com</a>, our website, or call us at <a href="tel:386-871-7697" target="_blank">(386) 871-7697</a>. 2023-05-24T07:00:00-07:002023-05-26T10:17:19-07:00Kristofer Impallomenitag:ronsellsthebeach.com,2012-09-20:36491Daytona Beach Area Single Family Home Sales For April 2023<img src="https://assets.site-static.com/userfiles/1460/image/3888DorsiereAvenue-10.jpg" width="400" height="267" alt="Photo of a home on a lake" class="img_box_left" style="float: left;" />Home sales continued to cool down across the Daytona Beach area during April, along with the median home sales price.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 380 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $365,622. That’s a more than 13 percent decrease in total home sales compared to April 2022, and it’s more than 11 percent lower than home sales in March. Similarly, total sales volume was down 13.6 percent in annual comparisons, and nearly 14 percent lower than home sales volume in March. Year to date, single family home sales reported in the Daytona Beach MLS are down 22 percent.
Meanwhile, the median home sales price in the Daytona Beach area was also down in both monthly and annual comparisons, according to MLS reports. At $365,622, the median home sales prices across the area during April was 3.1 percent lower than last year and 3.8 percent lower than in March. Year to date, MLS reports indicate the median sales price is still 2.5 percent higher than it was during the first four months of 2022.
April 2023: 380 sales, $169,639,515 sales volume, $365,622 median sales price.
April 2022: 437 sales, $196,525,367 sales volume, $377,500 median sales price.
March 2023: 429 sales, $196,996,042 sales volume, $379,990 median sales price.
March 2022: 510 sales, $232,581,705 sales volume, $370,000 median sales price.
Year-To-Date 2023: 1304 sales, $578,471,236 sales volume, $369,945 median sales price.
Year-To-Date 2022: 1682 sales, $729,797,490 sales volume, $360,995 median sales price.
“Despite a little cooldown happening in Daytona Beach Home sales, the overall market conditions here remain strong,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL.
The inventory levels of available homes listed for sale in Daytona Beach decreased in April, with the MLS reporting that there were roughly 42 less homes on the market than the month prior. Overall, MLS reports show inventory levels were more than 56 percent higher than the number of homes available in April last year.
April 2023 Inventory: 1,545 single family home listings were active at some point during the month.
April 2022 Inventory: 988 single family home listings were active at some point during the month.
March 2023 Inventory: 1,587 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 3,160 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 2,589 single family home listings were active at some point during the period.
“Inventory is up quite a bit over last year, though there was a little dip in the number of homes on the market during April,” Wysocarski said. “I anticipate prices will remain fairly strong through the summer months.”
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales were down in all areas except Mainland Daytona Beach, where sales rose slightly. New Smyrna Beach held the top spot for highest median sales price during April, at $459,000.
Ormond Beach: 86 sales, $399,000 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 62 sales, $264,950 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 44 sales, $399,000 median sales price.
Port Orange: 62 sales, $375,000 median sales price.
New Smyrna Beach: 67 sales, $459,000 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 5/18/23 for the following periods: 4/1/23 to 4/30/23, 4/1/22 to 4/30/22, 3/1/23 to 3/31/23, 3/1/22 to 3/31/22, 1/1/23 to 4/30/23, 1/1/22 to 4/30/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 5/18/23 for the period of 4/1/23 to 4/30/23 and 3/1/23 to 3/31/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651.
2023-05-18T12:37:43-07:002023-05-22T08:56:34-07:00Kristofer Impallomenitag:ronsellsthebeach.com,2012-09-20:36330Daytona Beach Area Condo Sales for April 2023<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/800NAtlanticAveUnit605-31_2.jpg" width="350" height="233" alt="Photo of Daytona Beach condo strip" class="img_box_left" style="margin-top: 0px; margin-bottom: 0px;" />The number of condos sold in April across the Daytona Beach area remained dramatically lower than last year, as sales prices held high.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 118 condo units were sold around the Daytona Beach area in April with a median sales price of $297,000. That’s roughly one percent lower than March sales, but down more than 38 percent from April 2022. Sales volume in April also fell by more than $20.6 million from last year, according to MLS reports. Meanwhile, the median condo sales price was up more than 4 percent over 2022, but down 10 percent from the previous month.
"The condo market is moving a little slower but the sales trends we are seeing are predictable and expected given the actions being taken by the Fed to slow inflation,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach. “Home values are holding strong, and there is still demand from relocations, vacation buyers and local homeowners on the move. If you are considering selling a home, now is still a good time to net a great price for it.”
Inventory levels across the Daytona Beach MLS area rose in April, MLS reports show. The number of available units was up nearly 86.2 percent year over year, with 890 condo units made active at some point during the month. Buyers in April also had 30 additional units on the market to consider, compared to the 860 units active in March.
Daytona Beach MLS data for Condo and Condotel Sales combined:
April 2023: 118 condo/condotels sold with a median sales price of $297,000.
April 2022: 191 condo/condotels sold with a median sales price of $285,000.
March 2023: 119 condo/condotels sold with a median sales price of $330,000.
March 2022: 197 condo/condotels sold with a median sales price of $307,000.
Total Volume Sold in April 2023: $41,623,459.
Total Volume Sold in April 2022: $62,280,581.
Year To Date 2023: 411 condo/condotels sold with a median sales price of $290,000.
Year To Date 2022: 688 condo/condotels sold with a median sales price of $300,000.
“Vacation condo sales remained down during April with hurricane repairs still underway along our beaches,” Wysocarski said.
April 2023 Daytona Beach MLS data for Condos and Condotels separated:
107 condos sold with a median price of $335,000.
11 condotels sold with a median price of $160,000.
April 2023 highlights of luxury condo sales in the Daytona Beach area include:
A $1,375,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/flores-del-rio/">Flores Del Rio Condominiums,</a> New Smyrna Beach on 4/6.
A $1,037,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-shores-condos/palma-bella/">Palma Bella Condominiums</a>, Daytona Beach Shores on 4/6.
A $997,000 condo sale at the <a href="https://www.ronsellsthebeach.com/ponce-inlet-condos/towers-8/">Towers Eight & Nine Condominiums,</a> Ponce Inlet on 4/27.
Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit <a href="http://www.ronsellsthebeach.com/">RonSellsBeachCondos.com</a>. Additional information is available to the media upon request. Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 5/9/2023 for the following periods: 4/1/2023 to 4/30/2023, 4/1/22 to 4/30/22, 3/1/23 to 3/31/23, 3/1/22 to 3/31/22, 1/1/23 to 4/30/23, 1/1/22 to 4/30/22.2023-05-11T07:47:48-07:002023-06-09T07:59:25-07:00Kristofer Impallomenitag:ronsellsthebeach.com,2012-09-20:36112Top Four Home Features
What home features are most popular with today's buyers?
With over a decade of successful business in real estate, we've seen changes in the market and how buyers' preferences changed from time to time. Likewise, the market, specifically the buyers, has changed over the past few years. So here are our top 4 picks for the most popular home features.
<img src="https://assets.site-static.com/userfiles/1460/image/yyy.jpg" width="525" height="350" alt="image of a home with the top four features" />
The Top Four Features
<img src="https://assets.site-static.com/userfiles/1460/image/2.jpg" width="550" height="367" alt="image of the top four home features" />
1 . Smart Home - Having absolute control over your home with a single tiny device is really appealing for current homebuyers. Smart home technology allows homeowners to monitor and control multiple components, such as security systems, heating & cooling, and lighting, remotely from anywhere in the world.
2. <a href="https://calbizjournal.com/florida-files-5-benefits-of-solar-energy/#:~:text=One%20of%20the%20key%20benefits,to%20great%20savings%20over%20time." target="_blank">Energy Efficiency</a> - Buyers are conscious of the environment and their utility bills. Energy-efficient features such as solar panels, tankless water heaters, and energy star appliances can really make a difference in the long run.
3. Colorful Kitchen Cabinets - Since the kitchen is one of the most visible parts of a home, buyers are looking for custom cabinetry with unique colors. Colorful muted or matte colors have been so prevalent in today's homes. Every home buyer is now looking for a home with picturesque aesthetic cabinets.
4. <a href="https://allurausa.com/blog/florida-house-siding" target="_blank">Vinyl Plank Flooring</a> – This is one of the most popular and affordable flooring materials. It looks like natural wood but at a much more reasonable price. It comes in many colors, styles, and textures to meet all needs and tastes. It is easy to install, water-resistant, and durable.
What Should Home Sellers Do?
Please look at this home's features and see whether you can apply some of these to the house you are about to sell. This will add more value to your home and might just be what you need to sell your house faster. While these are the top four home features, we strongly advise that you do your own market research. Check for similar homes that sell higher on the market. Gather data to see the standard features that most of these high-selling homes have.
What Home Buyers Should Do?
Homebuyers Should look into these features as well. First, see for yourself why these features are popular on the market. Some of these features fit your lifestyle or your preference. Then, check out other features to assess the most important things you want your new home to have. Finally, find the right balance between elements and affordability. That way, you can find a home that meets your needs without breaking the bank.
Also, remember that these features do not guarantee a higher market value or increased selling time either. It depends on what buyers are looking for at any time, so always watch for it.
Are You Looking for a Perfect Home
We can help you with buying a home as well! Our agents know the local real estate market and can quickly help you discover the perfect home. Let us know whether you need to move quickly or have a specific budget, and our team will find it for you. So call us today, and let's see the perfect one for you and your family! Contact us at <a href="https://www.ronsellsthebeach.com/:(386) 871-7697" target="_blank">(386) 871-7697</a> or online at <a href="https://www.ronsellsthebeach.com/contact/">ronsellsthebeach.com</a>.
<br /><br />2023-05-02T13:15:53-07:002023-05-22T08:52:09-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:36015Negotiation in Real Estate Transactions
<a href="https://therealestatetrainer.com/real-estate-negotiation-strategies/" target="_blank">Negotiation will always be a part of buying or selling a home</a>. The buyer and seller will have different perspectives on what they want, so finding a middle ground that both are happy with is essential. It can be challenging to remain objective when making decisions, but getting the best outcome for everyone involved is necessary. Once an agreement is reached, ensure all the details are agreed upon.
The First Phase of Negotiation
<img src="https://assets.site-static.com/userfiles/1460/image/96.jpg" width="525" height="350" alt="image of a real estate agent doing the negotiation in a real estate transaction" />
For the buyer the first part of the negotiation happens when the buyer decides what kind of home to buy, where the location is, and how much the buyer is willing to spend on the new house.
For the seller, the negotiation begins as they evaluate how much they are willing to sell their home, where to market the property, and many things to consider as multiple offers come.
The Next Phase of Negotiation
Once the buyer decides on the home he wants to purchase, he will make an offer and see if the sellers will agree to the price and other terms he has presented. There will surely be a conversation back and forth until they come up with an agreement.
On the seller's side, other negotiations will happen as the sellers decide whether to accept the offer, make a counteroffer, or present other terms and agreements.
After a series of negotiations, an agreement will be concluded, and both parties will now prepare for the upcoming closing.
Negotiation After Inspection
There is another crucial phase when negotiations will happen. This is when the buyers check the house to ensure no unknown issues or damages. If the buyers find something that needs to be addressed, they can request sellers fix it before closing. During this process, negotiations will occur so both parties agree on who should pay for what.
For instance, if the inspection report reveals a kitchen plumbing issue, buyers and sellers can negotiate who will be responsible for fixing it.The buyers can also ask the sellers for a credit to use in the closing. Finally, the conclusion can be finalized after determining all issues and the terms agreed upon by both parties.
A Real Estate Agent as a Negotiator
<a href="https://online.hbs.edu/blog/post/real-estate-negotiation-skills" target="_blank">One of the skills that real estate agents are learning is the art of negotiation</a>. A great agent is a great negotiator who makes things better for the clients on both sides of the deal. They are also great facilitators who understand people's perspectives, allowing them to collaborate better to achieve a common goal. They listen actively, ask thoughtful questions, provide unbiased advice, and ensure that both parties are heard and respected.
Every negotiation should aim to create an environment that allows open communication between all parties. This could include providing time for each person's opinion or ideas to be shared without interruption or judgment. Doing this creates trust among all parties, which will aid in reaching an agreement.
Our Team Members are Experts in the Art of Negotiation
If you want an easy, sound, and seamless negotiation, our team can help you. Whether you are a buyer or a seller, our agents know how to facilitate real estate transactions and navigate them toward a sound agreement where both parties win. You can contact us at <a href="https://www.ronsellsthebeach.com/contact/" target="_blank">www.ronsellsthebeach.com</a>, our website, or call us at <a href="https://www.ronsellsthebeach.com/:(386) 871-7697">(386) 871-7697</a>. 2023-04-28T09:44:16-07:002023-05-22T08:49:10-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:35854Daytona Beach Area Single Family Home Sales For March 2023
Home sales began to heat up across the Daytona Beach area during March, along with the median home sales price.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 428 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $379,945. That’s a more than 28 percent decrease in total home sales compared to March 2022, but it’s 52 percent higher than home sales in February. Similarly, total sales volume was down 15 percent year over year, and up 58 percent compared to home sales volume in February.
Meanwhile, the median home sales price in the Daytona Beach area was up in both annual and monthly comparisons, according to MLS reports. At $379,945, the median home sales prices across the area during March was 3 percent higher than last year and 5 percent higher than the previous month.
March 2023: 428 sales, $196,460,542 sales volume, $379,945 median sales price.
March 2022: 510 sales $232,581,705 sales volume, $370,000 median sales price.
February 2023: 281 sales, $124,328,509 sales volume, $362,500 median sales price.
February 2022: 393 sales $163,026,748 sales volume, $350,000 median sales price.
Year-To-Date 2023: 923 sales, $408,296,221 sales volume, $370,000 median sales price.
Year-To-Date 2022: 1245 sales $533,272,123 sales volume, $355,000 median sales price.
“The spring home sales season has begun,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. ”Although total sales are slower than they were in recent years due to the Fed’s measures to control inflation, our local market conditions remain strong. People continue to want to live, work, and play here.”
The inventory levels of available homes listed for sale in Daytona Beach also increased in March, with the MLS reporting that there were roughly 631 more homes on the market than the month prior. Overall, MLS reports show inventory levels were more than 66 percent higher than the number of homes available in March last year.
March 2023 Inventory: 1,579 single family home listings were active at some point during the month.
March 2022 Inventory: 948 single family home listings were active at some point during the month.
February 2023 Inventory: 1,548 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 2,595 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 2,022 single family home listings were active at some point during the period.
“We’re watching the rise in inventory levels closely, but there is still some pent up demand in the market and well-priced homes are still selling fast,” Wysocarski said.
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales were up in all areas, with New Smyrna Beach garnering the largest month-over-month gains in total sales, compared to other areas analyzed. Ormond Beach held the top spot for highest median sales price during March, at $441,000.
Ormond Beach: 109 sales, $441,000 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 59 sales, $275,000 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 54 sales, $431,000 median sales price.
Port Orange: 66 sales, $438,500 median sales price.
New Smyrna Beach: 76 sales, $432,500 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 4/13/23 for the following periods: 3/1/23 to 3/31/23, 3/1/22 to 3/31/22, 2/1/23 to 2/28/23, 2/1/22 to 2/28/22, 1/1/23 to 3/31/23, 1/1/22 to 3/31/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 4/13/23 for the period of 3/1/23 to 3/31/23 and 2/1/23 to 2/28/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651.
2023-04-20T09:32:03-07:002023-05-22T08:30:13-07:00Kristofer Impallomenitag:ronsellsthebeach.com,2012-09-20:35739Daytona Beach Area Condo Sales for March 2023
The number of condos sold in March across the Daytona Beach area was down dramatically, as sales prices jumped.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 117 condo units were sold around the Daytona Beach area in March with a median sales price of $330,000. That’s a 6.4 percent increase over February sales, but it’s down 41 percent from March 2022. Sales volume in March fell more than $27.6 million from last year, according to MLS reports. Meanwhile, the median condo sales price was nearly 37 percent higher than it was in February and 7.5 percent higher than prices in March 2022.
"We started the second quarter with significantly slower sales than last year,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach. “But home values are holding strong for sellers while giving buyers a little breathing room from the bidding wars in years past. It’s a win for buyers that have been in the wings awhile. They can refinance when interest rates are more competitive, and the get the house they want today.”
Inventory levels across the Daytona Beach MLS area spiked in March, MLS reports show. The number of available units was up 72.4 percent year over year, with 857 condo units made active at some point during the month. Buyers in March also had 72 additional units on the market to consider, compared to the 785 units active in February.
Daytona Beach MLS data for Condo and Condotel Sales combined:
March 2023: 117 condo/condotels sold with a median sales price of $330,000.
March 2022: 197 condo/condotels sold with a median sales price of $307,000.
February 2023: 110 condo/condotels sold with a median sales price of $241,250.
February 2022: 160 condo/condotels sold with a median sales price of $265,000.
Total Volume Sold in March 2023: $44,225,250.
Total Volume Sold in March 2022: $71,917,398.
Year To Date 2023: 291 condo/condotels sold with a median sales price of $280,000.
Year To Date 2022: 397 condo/condotels sold with a median sales price of $305,000.
“Vacation condo sales tanked a bit in March,” Wysocarski said. “There were just 10 condotel sales reported by the Daytona Beach MLS, compared to 36 condotels sold last year.”
March 2023 Daytona Beach MLS data for Condos and Condotels separated:
107 condos sold with a median price of $355,000.
10 condotels sold with a median price of $176,000.
February 2023 highlights of luxury condo sales in the Daytona Beach area include:
A $1,700,000 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-condos/mediterranean/">Mediterranean Condominiums,</a> Daytona Beach Shores on 3/17.
A $1,237,500 condo sale at the <a href="https://www.ronsellsthebeach.com/daytona-beach-shores-condos/ocean-vistas/">Ocean Vistas Condominiums</a>, New Smyrna Beach on 3/7.
A $999,000 condo sale at the <a href="https://www.ronsellsthebeach.com/new-smyrna-beach-condos/minorca/">Palms at Minorca Condominiums,</a> Daytona Beach Shores on 3/30.
Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit <a href="http://www.ronsellsthebeach.com/">RonSellsBeachCondos.com</a>. Additional information is available to the media upon request. Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 4/11/2023 for the following periods: 3/1/2023 to 3/31/2023, 3/1/22 to 3/31/22, 2/1/23 to 2/28/23, 2/1/22 to 2/28/22, 1/1/23 to 3/31/23, 1/1/22 to 3/31/22.2023-04-14T07:00:00-07:002023-05-22T08:27:35-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:9568Condotels FAQ<img src="https://assets.site-static.com/userfiles/1460/image/2023_Blogs/600AtlanticUnit918-7_-_Copy_2.jpg" width="375" height="250" alt="Image of Plaza Resort and Spa Condotels" class="img_box_left" style="float: left;" />
So, you've seen or heard the word "condotel" and now you want to better understand what that is and what it means.
We're happy to help you with that!
What are condotels?
Condotels go by a number of different names in the real estate business and among area residents. Sometimes called Hotel Condos, Resort Condos, Vacation Condos or Condo-Hotels, Daytona's condotels are, for many local property owners, an affordable way to own an oceanfront vacation property.
Frequently priced substantially lower than a typical oceanfront condo, condotels tend to both look and operate a little differently than a traditional condo building. Units in a condotel most often LOOK like a hotel room, rather than an apartment. And from a visitor's perspective, the building is often operated similarly to how a hotel might be.
One IMPORTANT thing to know is that condotels are NOT timeshares. You OWN the unit in its entirety.
How do condotels operate?
While a hotel is a business, usually operated by a single person or corporation, a condotel is a building comprised of many small units that are individually owned. In a condotel, you own your unit and all of the owners together share an undivided interest in the common areas of the building (like hallways, amenities, the roof, etc.)
Similar to other condos, unit owners are members of the building's homeowners association. Members elect a Board of Directors to run the Association, and that board might vote to hire a manager or a management company to handle day-to-day operations around the complex. The board may also hire a rental management company to market and manage rentals, or they may hire a hotel manager and staff to handle all rental operations. Some complexes may even require that you use the designated rental management company or front desk when renting out your unit.
Can I live in one?
Condotels are zoned differently than traditional condos. They're zoned as hotels, which means this unit CANNOT be your primary residence. And most buildings have set some limits on how many consecutive days you can stay in the unit, though the restrictions can vary dramatically from one building to the next.
However, this zoning is what makes it possible for you to offer daily rentals of your unit, to offset your costs or even make money on it. When you do this, unit owners may have options for how to handle the rental of their units.
How do I use it as a rental property?
Some condotel owners self-manage the rentals of their units with systems that streamline <a href="https://www.landlordstudio.com/features/rental-accounting/">real estate accounting</a>. Others hire an outside management service.
And some buildings offer the service in-house, providing all of the usual rental management, housekeeping, maintenance and customer service you would see in an upscale resort. To cover the costs of those services, owners who participate in the rental management program typically must share a portion of their rental proceeds with the Front Desk or management company involved. (In addition to any monthly fees already being assessed by the homeowners association (HOA).)
As noted previously, your options for rental management vary by the HOA rules governing that community. You may be required to use in-house or 3rd party rental management services.
How Much Money Can I Make?
Our CEO is always cautious when answering this question for buyers. Tourism can be somewhat unpredictable and a single condotel will not likely generate enough dough to replace your current income source. Our past clients have typically found that when economic and tourist conditions are good, rental income often will cover their expenses (monthly fees, interest, etc.). On a really good year, they might even make a little cash. But when times are tough, their condotels are more likely to cost them some money. Still... condotels are an ASSET and you are getting the benefit of a place to stay during your vacations. .You wouldn't expect to stay in a hotel for free during your vacation, so the uncovered costs might still be worthwhile in the bigger picture.
How many condotels are there around here?
There are roughly 14 condotel buildings in the greater Daytona Beach area. In those buildings, there are more than 2400 condotel units.
What expenses should be expected when owning a condo hotel?
The individual condo hotel unit owner typically pays for real estate taxes, insurance, capital improvements, and his or her debt service. The on-site management company pays operating expenses such as housekeeping, front office, maintenance of common areas and amenities, marketing, and guest services.
Do condo hotels appreciate like other types of real estate?
They certainly can, and many people feel this is the key selling point of condo hotels. They see condo hotels as investments that, like other types of real estate, can increase in value over time, especially if the property has a good location, is well-managed, and offers a full array of amenities and services.
Are condos more profitable than condo hotels?
Condotels can give you decent amounts of income by renting it out for a short period of stay. While the payment can be good enough, it may not be consistent as condotels tend to be rented out during specific seasons. On the other hand, condos can give owners a more steady and stable income by renting them out because there are condos where the management allows long-term renting. Aside from passive income from rent, condos are an excellent investment if you plan to sell the property. 2023-04-10T09:00:00-07:002023-04-21T13:29:23-07:00Ron Wysocarskitag:ronsellsthebeach.com,2012-09-20:9536Is A Condotel Right For Me?
You've seen the online advertisements... "Buy a Florida condo, CHEAP!" ... "Affordable Florida Condos, priced as low as $25k!"
It's true. You can get a beachfront condo in the greater Daytona Beach area on the cheap. However, what you get for that rock bottom price is usually a condotel. A condotel is different from a typical condo. Think of it as a hotel room you own.
FOR SOME BUYERS, a condotel is a perfect investment. But others may find a more traditional condo complex would be a better fit for their lives because a condotel doesn't meet their needs.
A buyer must know all <a href="https://www.lendingbankers.com/difference-between-a-condo-and-a-condotel/" target="_blank">the differences between a condotel and a condo</a>. You might be able to save some money buying a condotel instead of a condo, but you might also end up losing in the long run if the condotel is not aligned with your lifestyle and personal conditions.
Here are some key things you should know when buying a condo or a condotel:
Some Benefits
Condotels are an affordable option for a beachfront vacation property. (Traditional oceanfront condos tend to cost more.)
Unlike a timeshare, with a condotel, you are the FULL owner of your condo unit all year long. You're not just buying time in the unit. You're buying the unit itself and, typically, all of its contents.
Monthly fees often cover most or all of your unit's utilities and many resort-style amenities like fitness rooms, swimming pools, game rooms, and more.
They can be a low-stress rental investment that requires little effort from you. Often, the management of the complex will even handle the rentals for you... for a fee. Typically, our clients find that renting out their unit covers the monthly fees and rental management fees and sometimes provides a little extra cash flow on top.
Condotels offer hotel-like services for a significantly lower price, offering owners more convenience and comfort.
Reselling of a condotel unit can be done at any time. If there is an urgent financial concern, having a condotel could be a life-saver.
A Few Things To Think About
BE PREPARED TO PAY CASH. Low-cost condotels can be challenging to finance. Buyers rarely, if ever, get a traditional mortgage on these units. Be prepared to buy your condotel with cash, or at the very least, be ready to compete at the offer table with other buyers who ARE paying cash.
Just because you own the unit all year doesn't mean you can live year-round in your condo unit. Most condotel complexes limit the consecutive days when owners can stay in their units to just a few months. The rest of the time, the units are rented much like a hotel room would be. If you want to live in your condo year round or even half the year, a condotel may not suit you.
Monthly fees and available amenities can vary greatly from one complex to the next. Pay close attention to these features and ensure the cost fits your budget because you will be paying this fee even during the months your unit is not in use. And don't forget to give yourself a cushion for any special assessments that might come up. (A one-time fee for significant maintenance and repairs in the complex, like balconies or the roof.)
<a href="https://floridadep.gov/sites/default/files/FGLP%20-%20CONDO%20HOTEL%20GUIDELINES_0.pdf" target="_blank">Policies are often different in a condotel than in a typical condo</a>. For example, much like at hotels, pets are rarely allowed at a condotel. If you hope to bring Fifi or Fido along on your Daytona Beach vacations, you may want to consider a more traditional-style condo complex.
Nowadays, the rates for renting condotels have been lower. Income from renting your unit might be significantly lower than expected.
There has been a significant decline in the market demand for condotels in the past years, making reselling difficult. Therefore, if your purpose for purchasing a property is to generate income, you need to think twice before buying a condotel.
While having your own property at a lower price is enticing, more factors must be considered. Consulting with experts would be ideal if you are unsure what property is right for you.
Our team would be more than happy to discuss these considerations and others that could play a part in your determination of whether to buy a condo or condotel. There are HUNDREDS of condo complexes in the greater Daytona Beach area, and we know them all WELL. We're confident we will find the Florida condo paradise that's right for YOU, your budget, your needs, and your lifestyle! Click here to check out some of the condos in the greater<a href="https://www.ronsellsthebeach.com/oceanfront-condos/" target="_blank"> Daytona Beach area</a>!
2023-04-09T08:15:00-07:002023-05-22T08:25:13-07:00Ron Wysocarskitag:ronsellsthebeach.com,2012-09-20:35600The Perfect Neighborhood
Choosing the best neighborhood for you and your family is as essential in choosing the perfect home. Your neighborhood surroundings, residents, amenities, and even the rules and regulations will inevitably become a part of your everyday life. Therefore, it is very crucial to think twice and more times when choosing where you should live. There are different factors that you should consider.
<img src="https://assets.site-static.com/userfiles/1460/image/15-min.png" width="500" height="139" alt="image of a lush neighborhood" />
Safety and Security
Safety and security are paramount, especially for families with small children. These things should be evaluated before choosing a neighborhood.
<a href="https://www.safewise.com/blog/confirm-safety-neighboorhood-online-tools/" target="_blank">Crime statistics</a> - check the city website or contact local law enforcement to know if the area has a high crime rate.
Neighborhood watch - a neighborhood watch group can play an important part in keeping the neighborhood safe and for added protection in the community.
Street lighting - An adequate amount of street lighting can help one feel safer in a neighborhood.
Talk with neighbors - Have a small talk with the locals and hear what they have to say about the overall safety of the neighborhood.
Distance From Necessities Stores
Food, medicine, and toiletries are daily necessities of life. It would be nice to have easy access to stores selling these commodities. Try finding a neighborhood near pharmacies, groceries, and department stores.
School District
If you have kids or are planning to have them in the future, checking the schools nearby is a must. <a href="https://www.publicschoolreview.com/blog/10-tips-for-choosing-the-best-school-for-your-child" target="_blank">You can look for these things in determining the best schools in the area.</a>
Test scores and data - State test scores can indicate whether a specific school district is performing at, below, or above the state average.
Programming - School programming can be a big deal for some families. Suppose your student does well in many classes. In that case, you may want to see if the district you're considering offers Advanced Placement (AP) classes or college-level courses that can go toward education after high school.
Extracurricular activities - Maybe your child loves writing or performing in musicals. Does the school have a newspaper? Finding a district that caters to your children's interests and strengths will help them succeed.
Sports programs - Maybe you assume all school districts offer high school football, have a swimming team, and are competitive in lacrosse. But maybe the community you're looking into is too small or lacks the funding to support specific sports.
<img src="https://assets.site-static.com/userfiles/1460/image/pg.jpg" width="300" height="200" alt="image of a children's playground within a neighborhood" style="margin: 1px;" />
Amenities
Find out if the neighborhood offers something beneficial or something that would make living more comfortable and convenient for your family. Here are some standard amenities that are ideal to have:
Sidewalks - This may not be a deal breaker for you, but sidewalks make a neighborhood more pedestrian friendly. Instead of biking or walking on the street, where cars are driving, you have the safety of a sidewalk.
Parks - Speaking of parks, is there one within walking distance? Or is it a short drive away? What amenities does the park have? If it's not something you would visit, it might not matter or deter you from buying a house in that neighborhood.
Walking trails- Maybe you take your dog for a walk every morning before you go to work, or you enjoy a family stroll after dinner. Look around for nearby walking trails or locate a city trail map.
Children's park or playground - Children love to play. An accident-proof playground will play a huge role in their growth and development.
Clubhouse - This is one of the essential amenities in the neighborhood as it usually has a sports complex, swimming pool, meeting room, or an events place.
Transportation
Where you work concerning where you live is an important factors to consider, especially if your goal is to have a short commute. If driving yourself isn't an option or one you prefer to avoid, consider transportation options such as metro transit buses or light rail.
Another thing to consider concerning transportation is the areas aside from work that you frequently visit. Access to highways and main roads is essential as well.
Entertainment and Leisure Spots in the Area
Whether it is going to the museum, enjoying outdoor activities with the kids, or having a date night at a nice restaurant, we all want less travel time as much as possible. There are neighborhoods with great central locations near all types of entertainment spots you can think of.
There is no one-size-fits-all when it comes to the perfect neighborhood. The ideal neighborhood dramatically depends on your lifestyle, interests, and top priorities. If you are looking for the best community, you need to reflect on how you live your life daily to determine what you need to look for.
Let's Find the Best Neighborhood For You!
<img src="https://assets.site-static.com/userfiles/1460/image/ch.jpg" width="300" height="200" alt="image of a clubhouse of a neighborhood" />
If you want to know what kind of neighborhood is right for you and your family, you can reach us at <a target="_blank" href="https://www.ronsellsthebeach.com/contact/" class="editor-rtfLink">www.ronsellsthebeach.com</a>, our website, or call us at <a target="_blank" href="tel:3868717697" class="editor-rtfLink">(386) 871-7697</a>. With our expertise and over a decade of experience in the industry, we can determine which area you should look for your next home!2023-04-07T08:00:00-07:002023-05-15T05:37:00-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:35458Wyse Home Team Realty Service Areas
After more than a decade in the business, our company has grown and expanded significantly. We started servicing in the Daytona Beach area and are currently doing business in multiple counties in East Florida.
Below is the list of areas we service:
Volusia, Brevard, and Flagler
<img src="https://assets.site-static.com/userfiles/1460/image/abf.jpg" width="525" height="350" alt="image of a neighborhood in East Florida" />
Volusia County
Situated on the east coast of Central Florida with 47 miles of the Atlantic Ocean, Volusia is considered a world-class playground. It has beachfront cities like Daytona Beach, Ormond Beach, and New Smyrna Beach.
Volusia's oceanfront communities are famous for both water sports and land sports. In addition, Volusia's beach has held many auto racing events. Ormond Beach is even considered the "Birthplace of Speed." Daytona International Speedway, one of the world's most famous racing facilities, is the home of the world-famous Daytona 500.
Here are the cities we service in Volusia:
Ormond Beach
Holly Hill
Daytona Beach
Daytona Beach Shores
Ponce Inlet
Port Orange
New Smyrna Beach
Edgewater
Oak Hill
Bunell
West Volusia
Deltona
Debary
Orange City
DeLand
Lake Helen
Osteen
Brevard County
<img src="https://assets.site-static.com/userfiles/1460/image/abd.jpg" width="300" height="200" alt="image of a wyse home team realty agent, Suzanne, and her clients" style="float: left; margin: 1px 3px; border: 1px solid black;" class="img_box_left" />The Kennedy Space Center is located in Brevard County. The famous landmark significantly affects the county's economy and tourism. NASA has also set foot in one of Brevard's cities, Meritt Island.
As Florida is notorious for its hurricane, Brevard county avoids most of the storms and experiences minimal hurricane-related damages compared to other areas in the coastal regions. By the time the hurricane reaches the county, it has already weakened to a tropical storm.
Here are the cities we service in Brevard:
Titusville
Cape Canaveral
Satellite Beach
Merritt Island
Cocoa Beach
Cocoa
Cocoa West
Rockledge
Indialantic
Indian Harbour Beach
Melbourne Beach
Flagler County
Flager is known for its important travel ways, which include 1-95, US Route 1, and Florida State Route A1A. Flagler county has also been designated as an official Scenic and Historic Coastal Byway and an All-American Road by the Federal Highway Administration.
Flagler is also home to the Intracoastal Waterway, which bisects eastern Flagler County, creating a barrier island that runs through Flagler county's Atlantic Coastline. Flagler has 40 parks and preserves and is known for its maritime, subtropical climate, coquina beaches and swamps.
Here are the cities we service in Flagler:
Palm Coast
Flagler Beach
Marineland
Other Counties
<img src="https://assets.site-static.com/userfiles/1460/image/abc.jpg" width="400" height="267" alt="image of a neighborhood in East Florida" />
As we continue in the real estate industry, we aim to grow bigger and service more areas in East Florida. These are other cities where we can help you buy or sell your home.
Nassau County
Amelia Islands
Amelia City
Duval County
Jacksonville
Jacksonville Beach
Atlantic Beach
Neptune Beach
Baldwin
St. Johns County
St. Augustine
St. Augustine Beach
Vilano Beach
Fruit Cove
Palm Valley
Butler Beach
Crescent Beach
Hastings
At Your Service
<img src="https://assets.site-static.com/userfiles/1460/image/abe.jpg" width="300" height="200" alt="image of Wyse Home Team Realty agent, Matt, who helped a client sell their home." class="attribution" style="float: right; margin: 1px;" />We are here to cater to your needs if you are looking for a reliable, dedicated, and established real estate company. We will continue to expand our services to meet the needs of our growing clients. Reach out to us at <a href="tel:3868717697">(386) 871-7697</a> or online at <a href="https://www.ronsellsthebeach.com/contact/">ronsellsthebeach.com</a>.2023-03-31T09:00:00-07:002023-05-22T08:21:31-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:35316The Final Walkthrough
Moving into a newly constructed house often sends us into euphoria. It’s like we’re in the clouds, and everything is perfect. So many people would immediately jump into closing to move in and settle things down. This is not how it should be done. In fact, it’s the opposite.
What’s The Right Thing To Do?
<img src="https://assets.site-static.com/userfiles/1460/image/34.jpg" width="525" height="350" alt="image of a thorough house inspection for the final walkthrough" />
First, you need to calm down. Then, you must clear your head to be ready to do the FINAL WALK THROUGH. This is really important! The final walkthrough is where you inspect the whole property, in and out, in every nook and corner. You need to see every tiny detail to make sure everything is perfect before closing.
The last thing you need as you move into the house is a hassle. If everything is perfect before closing, there will be no mistakes, regrets, or worries. All you have to think about is how to start the next great chapter of your life.
How To Do The Final Walkthrough?
1. Back and Forth Then Forth and Back
Go through every inch of the house and inspect everything thoroughly. <a href="https://gryphongaragedoors.com/blog/checklist-house-final-inspection/" target="_blank">The inspection includes but is not limited to equipment, furniture, plumbing, and electrical systems</a>. It is best not to leave the unnoticeable parts of the house unchecked. After checking everything, do another round of inspection starting from the last place you checked and ending on the first one.
2. Clockwise Then Counter Clockwise
<img src="https://assets.site-static.com/userfiles/1460/image/35.jpg" width="300" height="200" alt="image of a couple inspecting the house for the final walkthrough" style="float: left; margin: 1px 3px;" class="img_box_left" />
You are done with your interior. Now is the time to check the outdoors. You must go around your house to ensure the outside is as perfect as the inside. Inspect the landscaping, fence, and other outdoor areas and amenities. Do not leave any space unseen. Do another round of inspection and go around in the opposite direction.
3. Have A Fresh Set of Eyes For The Inspection
It would be best to have other people look into the property. More eyes mean more aggressive inspection. The better the examination would be if you know someone in the industry, like in real estate or construction.
It’s never too much to look at your newly built home repeatedly and from all angles. It is one of the milestones of an individual or a family. Therefore, ensuring the property is in tip-top shape is not a choice but a must.
<a href="https://www.investopedia.com/articles/mortgages-real-estate/10/closing-home-process.asp" target="_blank">Other Useful Tips Before Closing</a>
1. Check the Blueprint
Take a look at the blueprint one more time to make sure everything has been built accordingly. If you don’t understand the blueprint, have someone from the construction or real estate company explain every detail. If everything was done according to the blueprint, you could be almost 100% sure everything went smoothly during the construction.
2. Remember Previous Problems From The Old House
Take a walk down memory lane and try remembering the things about your previous home that gave you a headache. Then, after your recollection, check your new home to ensure that you won’t be dealing with the same problems in the future.
3. Work With Experienced and Reliable Real Estate Company
A qualified, skilled, and dedicated real estate agent is one of the critical factors in having the perfect new home and a smooth closing. They know everything that must be inspected, and they can think in advance to avoid future problems. Aside from being an expert in the field, they are committed to ensuring the perfect outcome for all their clients.
We understand that buying a house could be demanding and exhausting, but no matter how tired you are, the final walkthrough should not be neglected. On the contrary, it must be done rigorously and wholeheartedly.
Move Into a New Home With Professionals
We will happily work with you if you plan to move to a new home without any hassle. We always aim to make real estate as easy as a day at the beach. You can reach us at <a href="https://www.ronsellsthebeach.com/contact/" target="_blank">www.ronsellsthebeach.com</a>, our website, or at <a href="https://www.ronsellsthebeach.com/:(386) 871-7697" target="_blank">(386) 871-7697</a>. We will help throughout the process and ensure that everything is perfect before we do the closing!2023-03-24T08:44:39-07:002023-05-22T08:22:53-07:00Mica Moralestag:ronsellsthebeach.com,2012-09-20:35176Daytona Beach Area Single Family Home Sales For February 2023
The median home sales price in the Daytona Beach area rose in February, as sales continued to hang low.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 276 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $362,250. That’s a more than 29 percent decrease in total home sales from February 2022, and it’s almost 38 percent lower than home sales just one month prior. Total sales volume was down 25 percent compared to February 2022 and was more than 36 percent lower than home sales volume in January.
According to MLS reports, the median home sales price in the Daytona Beach area increased to $362,250 during February. It’s 3.5 percent higher than the median home sales price was in February 2022 and almost 1.5 percent higher than the previous month.
February 2023: 276 sales, $122,266,509 sales volume, $362,250 median sales price.
February 2022: 393 sales $163,026,748 sales volume, $350,000 median sales price.
January 2023: 214 sales, $87,507,170 sales volume, $349,900 median sales price.
January 2022: 342 sales $137,663,670 sales volume, $345,000 median sales price.
Year-To-Date 2023: 490 sales, $209,773,679 sales volume, $358,625 median sales price.
Year-To-Date 2022: 735 sales $300,690,418 sales volume, $350,000 median sales price.
“Sales are still down by almost 30 percent, but home values and the median sales price remains quite strong,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL.
The inventory levels of available homes listed for sale in Daytona Beach increased in February with the MLS reporting that there were roughly 27 more homes on the market than the month prior. Overall, MLS reports show inventory levels were nearly 63 percent higher than the number of homes available in February last year.
February 2023 Inventory: 1,546 single family home listings were active at some point during the month.
February 2022 Inventory: 951 single family home listings were active at some point during the month.
January 2023 Inventory: 1,519 single family home listings were active at some point during the month.
Year-To-Date 2023 Inventory: 2,028 single family home listings were active at some point during the period.
Year-To-Date 2022 Inventory: 1,494 single family home listings were active at some point during the period.
“Inventory levels will continue play in important role in local real estate market conditions as we enter the busy spring and summer sales season,” Wysocarski said.
Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales were up in almost all areas, while prices declined slightly. New Smyrna Beach home sales decreased more notably in February than other areas analyzed. Ormond Beach areas held the top spot for highest median sales price during February, at $479,000.
Ormond Beach: 74 sales, $479,000 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 39 sales, $235,000 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 37 sales, $415,000 median sales price.
Port Orange: 45 sales, $349,900 median sales price.
New Smyrna Beach: 30 sales, $449,950 median sales price.
About The Wyse Report and Wyse Home Team Realty:
The Wyse Report is a periodic report analyzing real estate sales, prices and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 3/16/23 for the following periods: 2/1/23 to 2/28/23, 2/1/22 to 2/28/22, 1/1/23 to 1/31/23, 1/1/22 to 1/31/22, 1/1/23 to 2/28/23, 1/1/22 to 2/28/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 3/16/22 for the period of 2/1/23 to 2/28/23 and 1/1/23 to 1/31/23. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651. 2023-03-16T10:40:12-07:002023-04-04T07:44:11-07:00Kristofer Impallomeni