Mount Dora Homes for Sale | Mount Dora Real Estate | Mt Dora New Homes and Communities


December capped off 2017 with record-breaking home prices, speedy sales and low inventory. One thing is for sure, where there’s smoke there’s fire and there’s no indication the flames will be dying down anytime soon in the real estate world. Here are key points from January’s report:

1. Homes are selling fast

In December, homes spent an average of 57 days on the market. That’s the shortest time of any December in the report’s history.

2. Prices are rising

The median sales price of a home sold in December was $232,500. That’s nearly 3 percent higher than the median sales price in December 2016.

3. Inventory continues to shrink

Making sales harder was a low supply of inventory at 3.7 percent — which is the lowest December figure in the nine-year history of the report. That corresponds with a 14.6 percent decline in inventory, lengthening a streak of monthly declines that began in November 2008.

4. Slightly fewer transactions occurred

The overall average number of home sales fell 3.3 percent compared to December 2016, with 39 markets reporting fewer transactions. The end of year is typically a slower selling season, but buyers should still work with their agents to navigate the competitive market.

 


 

When buying or selling a home, an understanding of current market trends could help optimize your time and money. Here are a three real estate trends that defined 2017 and are expected carry on into the new year.


 

1. Competing Generations

The recent shift in home buying preferences is a generational one. Millennials are starting to abandon their condos in the city for starter homes in the burbs, putting them in direct competition with downsizing baby boomers.
With these two groups both looking for similar housing, well-maintained single-family homes are expected to go very quickly in 2018.

2. Tightening Inventory

The fall of 2017 was tight in regards to the number of homes available for sale. In fact, total housing inventory was down 13.4 percent in October 2017 compared to the same time the year before, according to the RE/MAX National Housing Report.


For most of the country, sellers currently have the advantage. Will that change in 2018? It’s possible, but buyers should prepare for a market where they will have to be aggressive to purchase the home they want.

3. Advancing Tech

Like most other industries, real estate today is profoundly affected by the advance of technology. Homebuyers and sellers can easily access information about a house or the market with the click of a button, and virtual walk-throughs allow a buyer to enter a prospective home for the first time with few surprises.
In real estate, technology has the potential to reward those who do their homework and make the most of digital options before deciding how to use their precious time.

The Takeaway: Navigating It All Requires an Expert
What’s this mean for our local market? I would love to help you navigate the nuances. Reach out to me today to start your home buying or selling journey.


While selling your sofa or lawnmower on your own doesn't take a lot of sales skill, working with a professional real estate agent will help you get the most money in the shortest time when selling your home. Here are some of the top reasons I can help.


 

1. Increase your profit

Many people think they'll make more money if they avoid paying an agent a commission and instead handle their own home sale, but the statistics show otherwise. According to the National Association of Realtors, selling with an agent brings in a higher profit, enough to cover the commission and then some. For one thing, I have the experience and tools to price your home appropriately. Studies show that homes priced correctly when they first hit the market sell faster, and for a better price, than those that linger with a decreasing price tag.

2. Save you time

While it may take just moments to upload a Craigslist ad, handling prospective buyers, inspectors, and appraisers can suck up your time. From screening out unqualified buyers to helping you prepare your home for inspections, I can help drive the process more efficiently.

3. Make a better deal

You might be proud of your poker face, but are you really a savvy enough negotiator to put one of the biggest deals of your life on the line? As most buyers use a buyer's agent, you'll probably be going toe-to-toe with a professional negotiator. When you list your house with me, you not only get their marketing power and connections, but you get a pro negotiator advocating for you during the initial offer, the counter offer, and the post-offer period, which includes inspections and requests for concessions.

4. Lower your risk

The potential for making mistakes (with potential legal ramifications) among the reams of paperwork involved in a home sale is huge. I don’t want that to happen. I know how to do things right.

If you’re thinking of selling your home, I’d be happy to help. I'll work to get the most money for your home. You can find my information below. Call, text, message, or shoot me an email. I look forward to hearing from you. 


If you're thinking about selling your home in 2018, here are some resolutions to help boost your chances of a quick sale.

Repeat to yourself: "I pledge to…"


 

1.  "Avoid drastic design changes"

Unless you’re turning your bold color palette into a more neutral one, it's best not to try to anticipate what buyers want in design and décor. The best way to freshen up your home is to simplify and depersonalize, so potential buyers can picture building their own lives there.

2. "Stop neglecting the dripping faucet"

This applies to all those repairs you might view as minor but could actually be a symptom of a larger problem. Addressing things like leaks, poor ventilation and cracks in walls helps avoid inspection surprises and eliminate buyer thoughts of “what else might be wrong?”

3. "Price my home reasonably"

It's understandable to think your home is worth more than the others on the block – especially if you've invested in key upgrades and remodels. And you might be right. But the only way to truly know is to compare your home against recent sales of similar homes in the area. I can help you reach a competitive price that reflects what your home is worth in the local real estate climate.

4. "Thin out the clutter"

When the For Sale sign goes up, your home should be clutter-free. Toss or sell things you don't want, and move the other clutter to storage. Types of items to remove include knick-knacks, clothes overflowing from the closets and family photos. Jam-packed closets give the impression that storage is limited even if that's not the case.

5. "Clean like I've never cleaned before"

Think about under, behind, around and between. It's easy to focus on cleaning the major surfaces, high-traffic areas and visible areas. But what about the dust on top of the refrigerator? How about the slats in the window blinds? Did you notice the cobwebs behind the guest-room door? Look high and low for the dirt, and remove it all.

If your New Year’s resolution involves buying or selling a home, I can help. Reach out to me today and we can work together on your 2018 real estate goals.



 

After the holidays, your home can look a bit hung over with piles of wrapping paper and fallen tinsel trailing under everyone's feet. It all feels like a hazy eggnog memory. You may be wondering how you'll possibly clear out all the trash. Well, maybe it doesn't have to be trash. Here are five tips for keeping the planet in mind as you clean up this holiday season.

1. Wrapping Paper

Wrapping paper with glitter and foil is fun, but unfortunately can't be recycled efficiently. Don't just toss it in with your everyday recycling. Check with your sanitation department for seasonal recycling guidelines.

2. Christmas Trees

Many communities provide a service that will compost or chip your holiday tree into mulch for free or a low fee. Be sure to remove all tinsel, lights, and wires before taking advantage of this opportunity.

3. Cardboard Boxes

If you don’t need them to store your new goodies, cardboard boxes can usually be recycled curbside.

4. Ribbon

Ribbon generally can’t be recycled, so save it! Curling ribbon can be “re-curled” for another special occasion by zipping it along a scissor blade.

5. Electronics

You've unwrapped this year's latest gizmo, now what should you do with last year’s model? Many computer companies, like Apple and Dell, will recycle your machines, and box stores such as Best Buy accept phones and all sorts of gadgets for recycling.


If you home still seems too cramped after you complete your holiday recycling, give me a call, text or email. I'd be happy to find a new home that fits your needs and your holidays.