Found 14 blog entries tagged as sellers.

by Karen Williams-deCastro- Broker Associate®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD, CELA, CREN

A growing share of home buyers and sellers sat on the sidelines last year as the pace of home sales continued its downward trajectory.1 In fact, since the Federal Reserve began its series of interest rate hikes in 2022, the combination of higher borrowing costs and record-high home prices has fostered the steepest real estate market slowdown since the 2008 recession.2

Priced out of the market, a generation of would-be buyers has been forced to delay their plans for homeownership.3  At the same time, current owners—reluctant to give up their pandemic-era mortgage rates—are waiting to sell, which has resulted in a sharp drop in…

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Buying a new home is one of the most exciting experiences in life. And if you’re like most homebuyers, you’ll be planning your furniture placement and decor before the ink dries on your offer letter. But before you run to the nearest home goods store, take a deep breath. First, you’ll need to delay any major purchases before you close on your new home. A large outlay or additional line of credit could lower your credit score and, thus, impact your mortgage terms.1 Second, moving and closing costs can add up quickly, so it’s important to be strategic with your remaining budget. But don’t worry! There are plenty of ways to save on home essentials, and we’ve rounded up some of our favorites to share…

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Thinking of downsizing or selling your Florida Keys home but uncertain if its the right time? You are not alone.  The average length of time a homeowner stays in their home in the US is typically around 7 years. Taking a look at the real estate market over the past 10 years will give us some insight as to why many homeowners are starting to stay in their homes longer and if this is the right move, or not.  Request an automatic or in-person home evaluation here.

Over the past decade we have experienced some of the lowest mortgage interest rates our country has ever seen. In the year 2013 rates were attractively hovering around 3.6% - 3.99%. In 2020- 2021 we saw numbers dip below 3%, practically free money!  We are now feeling the effects of this but in…

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by Karen Williams-deCastro- Realtor®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD

ALL BUYERS AND SELLERS in Monroe County, Florida. I am here with an exciting real estate market update for June 2023 for Florida Keys SINGLE FAMILY HOMES for sale! 

 Did you know that currently there are only 5.66 Months Supply of Inventory? Now you do! So what does that mean? That means the market is hot, and properties are moving fast!⚡️ But that's not all, over the last 12 months, Months Supply of Inventory has increased by an impressive +77.43%!

 If you're selling, you'll be delighted to hear that the List to Sold Price percentage is a fantastic 95.2%! This means you can expect to get great value for your property when working with me as your REALTOR®.

 

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 Florida Keys Real Estate Market Update

Good news for home seekers and investors in the Florida Keys!  Despite an increase in available properties and longer days on the market compared to last year, homes are still selling swiftly when priced appropriately. 

When priced right, properties are attracting eager buyers, leading to quick and successful sales. So, if you're a seller, partnering with a knowledgeable realtor who understands the local market is crucial to ensure your property is competitively priced. 

It's essential to be cautious when setting your listing price. Homes not priced correctly may experience more negotiations, with buyers being able to secure an average discount of about 92% off the original…

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May numbers are in! As of June 1st: Median sold price continues to increase. Month over month May saw a decrease of average days on market and a slight uptick in the original list price to sold price ratio. Our absorption rate is now over 6mo of inventory. While we are fully back in a neutral market in the Keys, homeowners and buyers should feel good about home values holding steady. *Oh, by the way ... I can help connect you with great Realtors anywhere in North America! I'm never too busy for referrals!  Erin Kiel REALTOR® GRI, AHWD, C2EX Better Homes and Gardens Real Estate Destinations

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by Karen Williams-deCastro- Realtor®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD

When you are looking at Real Estate, you likely think to yourself: location, location, location. And not many places are more beautiful than the Florida Keys. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged for a lot of us: mortgage rates, mortgage rates, mortgage rates. 

Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we’re seeing further repercussions. While analysts expected listing inventory to swell as sales declined, instead, homeowners have been pushing off plans to sell because they feel beholden to their existing, lower mortgage…

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by Karen Williams-deCastro- Realtor®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD

It’s not easy being a first-time homebuyer right now. Not just in the Florida Keys, but everywhere. At the end of last year, housing affordability hit an all-time low.(1) Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often cash-heavy bids. (2)

In fact, according to the National Association of Realtors, only 26% of last year’s homebuyers were first-timers—the lowest share on record and down from 34% a year prior. This underscores…

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By Karen Williams-deCastro- Realtor®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD

Keeping a clean and orderly home is a challenge for many of us. Between busy work schedules, social obligations, and family commitments, it’s tough to keep up with daily chores—let alone larger seasonal tasks.

The effort is worthwhile, however. A sanitary environment can keep you and your family healthier by minimizing your exposure to germs and allergens.1 Plus, researchers have found that organized, uncluttered homes have quantifiable mental health benefits, too, including reduced stress, improved emotional regulation, and increased productivity.2

The reality is, we enjoy our homes more when they are in good order. It’s much easier to relax without piles of unopened…

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