Buying and Selling in the Current Real Estate Market

booming real estate markets

The Current Real Estate Market

 

The real estate market is at the best it’s been in years. In fact, the entire country is seeing a strong resurgence in property sales and purchases. This is due to more money on the market via domestic and international investors.

The housing market collapse of a few years ago is also considered a distant memory.  Whether buying a home or selling a home, even the interest rates are reasonable. So much so that real-estate experts are advising sellers and buyers to tap into a wealth of opportunities. With the real trends continuing to boom, now may be the perfect time to buy or sell your house.

 

The Current Real Estate Trends

 

home values increasing

home values increasing

Property values and sales are increasing across the nation. In fact, the current real estate trends are reflecting a new consumer confidence. In recent years, homebuyers and sellers have been able to achieve desired results. This includes selling their homes to buyers with the right offers. Buyers are also offering more due to increases in personal wealth across several industries.  Many SEO agencies are also blanketed by real-estate agents looking to promote new homes and properties. The social media platforms have even made home buying and selling easier across the board. With all these benefits, the current real-estate market continues to grow and expand at alarming rates.

 

Hot Markets across the Nation

 

According to real-estate firms and agents, there are areas of the nation that are just right for purchases and sales. In fact, the traditional hot markets have taken a backseat to some new regions in the industry. Again, this is due to more monies being invested – resulting in more residential developments and sub-divisions across the country. Here are some of the hot markets to keep a close eye on in 2018:

 

  •    Houston – The third largest city in America is at the epicenter of the current real-estate boom. In fact, there are more houses being built in Houston than other major metropolis. The Space City is also known for its luxurious condominiums, elegant penthouses, and lavish homes and apartments as far as the eyes can see.
  •   WilmingtonWilmington real estate has been on fire for years.  With its unique location of being a coastal area, but having lakes and rivers, there are many waterfront homes and vacation getaways in the Greater Wilmington area.  Many of the peripheral cities, such as Carolina Beach and Kure Beach have seen tremendous growth also.
  •    Florida – Despite the recent hurricane, Florida is still a great state for prime real-estate. In fact, there are more buyers and sellers in Florida than practically anywhere else in the Union.  Selling your condo in Panama City Beach has become very profitable recently.  The commercial  real-estate market in Florida has seen tremendous growth as well as new beachfront condo developments- along with high-rises, mid-rises, and wonderful townhomes and commercial real estate.
  •    Atlanta – once a hotbed for real-estate activities, Atlanta has regained its spot on the list. In fact, the City has seen property developments and mass growth. The suburbs are especially great for townhouses, one-story homes, two-story homes, and even mini-mansions.
  •   Boston – The Boston real estate market has been so strong that many of the articles you see about moving to Boston deter you to do so because the barrier of entry has gotten so high.  With Boston MA being such a large city and booming economy – many home buyers have chosen to live right on the outskirts of Boston and purchase homes in Quincy  or Cohasset MA.

 

These are only a few of the hottest real-estate markets in late 2017. As we approach the New Year, expect the real-estate boom to get even bigger. Remember, there are more homes being placed on the market due to the cooler weather. Similar, potential buyers are out in droves looking for open houses and meeting with real-estate agents.

With years of extensive industry experience, agents can connect you to all available listings on the market. This includes new homes, along with short-sales, flipped homes, and much more. Whether looking to buy or sell, you are always in good hands with local real-estate agents and firms.

 

Property Sales Increasing

 

property-boom

property-boom

Property sales are increasing in almost every state of the Union. This includes upscale townhomes, along with traditional brownstones and new contemporary homes. The latter features built-in entertainment centers for LED TVs, along with cozy fireplaces and ample leg room. These homes also feature smart appliances, as well as spacious bathrooms, bedrooms, dens and media rooms. Whether looking to buy contemporary or traditional homes, the market is as great as ever. In fact, you have the flexibility of bypassing low-ball offers for higher ones. Simply check the current property values in your respective sub-division or deed-restricted community. This allows you to base your asking prices on the current market trends – local, regional or even national.

 

Short Sales are Beneficial

 

If your home had lain dormant for several months, it may be time for a short sale. Remember, these sales are not just for owners that are in the red – or facing foreclosure. Short sales are a way to sell your home if the payoff on your current mortgage is more than what you can get on the open market. However, you may need to accept a reasonable offer – especially if your home has not been renovated or or is damaged in some way. 

For example: most sellers will have their homes power-washed and interiors cleaned for open houses and agent – buyer walkthroughs. However, short sales may not leave you with enough time to perform light repairs – or get your home ready for its new buyers .With this in mind, be flexible in terms of your asking prices, as well as offers that may even come from home rehabbing and flipping companies.

 

Real Estate Experts and Agencies

 

The market outlook and forecast is very positive. Despite current weather catastrophes and political upheaval, the market has remained steady for real-estate. I n fact, coastal properties have increased in sales in many areas. Whether looking for reserve or premium prices, home-sellers have access to a wealth of opportunities. While the market of yesteryear was turbulent at best, today is a positive change and break from the norm .Interest rates on home financing and loans are as low as they can be. Similarly, more buyers are investing in multiple homes for multiple reasons. This means entire cul-de-sacs with homes may belong to one particular buyer or group.

For more information on buying or selling your home, simply contact your local real-estate agent. You can also check the social media platforms for the latest real-estate industry news. As we head into 2018, the market is ripe with new offers and sales. Remember, people want to move when the weather is cooler – so this gives you an advantage. Simply continue to market your home with your agent -or you can hire SEO experts to formulate strategic plans for your residential home or commercial sales.

Thinking of Selling a Home in Panama City Beach?

sell your florida condo

Selling a Home in Panama City Beach

 

Let’s imagine this: Your babies have decided to make families of their own, and now you have an even larger family than before! This brings forth the thought, “where will everyone sleep for the holidays? My table isn’t big enough to seat everyone!” This sounds to me like it’s time to upgrade!

 

There are many reasons as to why you’d want to sell your home in today’s real estate market – more specifically your condo in Panama City, but take a look at these few factors before you take the plunge and to ensure a successful sale:

 

  1. First things first. It is imperative (I really don’t know how to stress this even further) that you and your agent are on the same page when it comes to selling your oceanfront property. Your property, an oceanfront condo overlooking the Gulf, would not be marketed the same way a ranch style home would be.My best advice would be in look into hiring a top producing agent. This person:
    1. Knows the competition. This person has lived and breathed their profession and knows anyone and everyone around them that could be labeled as competition. If your agent knows their stuff, they’ll know how to accurately beat out the competition and get you the most money for your time.
    2. Knows how to sell oceanfront property. This ain’t their first rodeo. This agent understands that he isn’t just selling a property, he’s selling a lifestyle. A good agent will see the bigger picture, and understand the importance behind staging the patio, or staging the dining room. S/he will want the potential buyers to feel right at home as soon as they step into your property. This could be their first waterfront condo, and first impressions are everything.
    3. Has a silver tongue. Agents are restricted to the number of characters they are able to put in a listing. This means that the right agent can identify the best words possible to sell your home in just the description.
    4. Knows how to take the best photos possible. Understand that the quality of the photos taken, and the angles of the photos, prove to be a key selling point when the property is on the market. S/he knows where the camera should be placed, how much lighting the room may need, and how everything looks in order to make the most out of every photo taken. Remember, “pictures are worth 1,000 words.”
    5. Your property is their property. Your agent needs to be in this 100% in order to make this successful. This means knowing the in’s and out’s of your property. Do you need flood insurance? How much is it? Do you have storm shutters? When were they replaced last? If new, when will they need to be replaced? What about my mortgage payment- what’s the price? These are just a few questions that your agent needs to know the answers to early on, in order to avoid any problems down the road.
    6. They understand what preparation is needed. Your agent needs to go above and beyond when it comes to your property. If there is trash located near the entrance, or near your property, they will ensure that it is picked up before photos are taken or interested buyers arrive. Same goes for the shoreline.First impression is everything and it is make or break.

panama city beach condos

Price It Right!

  1. Come on, Big Money! Listen, I am going to be 100% real with you: You want to sell your oceanfront condo quick? Price it right from the very beginning. You price too high, your house may sit on the market for a very long time before you get any movement. Your agent needs to start off with a CMA, Competitive Market Analysis, to determine the initial value of your house. Some of these factors include:
  • . Location: “Oceanfront” jumps out quicker than the word “ranch” does. Plus being local to shops, marketplaces, and dining helps with property value.
  1. Waterfront Size: It would be impossible to accurately judge the size of the Panama City Beach shoreline, however where your location is on the waterfront can either negatively or positively impact your price.
  2. Frontage: This is extremely important for your agent to assess. Frontage is defined as the width of a lot, measured at the front part of the lot. So in layman’s terms, the more frontage there is, the higher the price of the condo will be.
  3. Amenities: Most condos are sold as part of communities. This means that there is local access to the pool, fitness center, or even a gym. However, the use of these amenities is not free. They are included in an HOA fee provided by the community itself. Be sure your agent knows of all the amenities included with the HOA fee, so there is no confusion once the sale has completed.
  4. Appraisal (Optional, but Recommended): Even though this bullet is optional, your agent acquiring an appraisal would be an excellent idea. These appraisals cost anywhere from $300-$600 dollars, which is a drop in the bucket if your condo is worth a couple thousand dollars up to a million dollars. Think of it like this: You’re paying someone to appraise your property, in order to receive thousands of dollars extra on your property price. Sounds like a win-win to me!
  1. Cha-ching!

 

Congrats on successfully selling your condo on Panama City Beach! Hopefully these tips gave you a little more knowledge and things to look for when selling your home.

 

As much as we hate to say it, we hate to see you go! But are so happy you made so many memories here with us, in PCB.

 

It’s never goodbye, it’s see you later!