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July is here and we are officially over the hump for 2023! I have to say I kind of like the pace of this year, It’s not too hectic and stressful as the prior two years, Buyers have some breathing room and sellers are still able to get a fair market price.
My observations of the past month indicate a slight slowdown. Our time on the market appears to be getting longer and list-to-sales ratios are expanding slightly, That means that sellers are accepting below the list price in many cases. Last year this time, you would see multiple homes over list. Some sellers have not accepted this change and continue to over-price their homes. I have mixed emotions about this. I always strive to get the most for a home and sometimes it can take a little longer to get that amount. Other times, we get it! If you don’t ask, the answer is always no. That being said, some folks just refuse to accept that the market is changing and still think they can ask way over the market-assumed value. I get it. We are at that odd intersection. What lies ahead is hard to say, Some will say we are heading to lower home values, and others say we are simply stabilizing. I do know that Central Florida in general tends to make a quick recovery in any market, faster than most others second to maybe California. So whatever happens, I doubt it will be long-term. I tend to just look at things as business as usual. Will the anticipated market changes deter some buyers? Absolutely, but If you are looking long-term, you should be just fine. continued…..
If you're curious about the current market conditions or have any real estate questions, don't hesitate to reach out. I'm here to help you navigate this market and make the most of your real estate purchase or sale.
Sellers, wanna try out something really neat? If you own a home and would like to keep track of your equity and value, I have access to a really cool product called HomeBot. You can sign up here: HOMEBOT AI. I love this technology! It gets delivered once a month and the info is easy to read and understand. It’s a free app to use. I highly recommend you try it out. I have 500 spaces available and they are first come, first served. As always, you can always call me to get a personal evaluation of your home. 407-948-8295.
Oh yeah…YOU HAVE TO SEE THIS HOUSE! CLICK HERE!
RECENT HOME SALES
Know your agents’ credentials before you list or buy!
As a listing broker in the dynamic world of real estate, I have witnessed firsthand the significance of thoroughly evaluating the credentials of a real estate agent before engaging in a business relationship with them. It is essential to ensure that the agent possesses regular business and a steady income, allowing them to prioritize their clients' needs above their anticipated commission. It’s kind of like when they say, don’t go to the grocery store when you are hungry. Struggling agents can be severely compromised!
Choosing a full-time real estate agent is crucial as it ensures they have the necessary financial stability to focus on providing exceptional service. Real estate transactions can be complex, demanding significant time and effort. A part-time agent, burdened by financial concerns, may find it challenging to dedicate adequate attention to their clients' requirements. In contrast, full-time agents can invest their energy into understanding clients' goals, addressing their concerns, and guiding them effectively through the buying or selling process.
Moreover, a full-time agent's financial stability enables them to allocate resources toward comprehensive marketing strategies. Selling a property at the best price and terms often relies on an agent's ability to create maximum exposure and generate interest from potential buyers. A compromised agent, driven primarily by the need to make money, might skimp on crucial marketing expenses, ultimately limiting the property's visibility and potentially hindering its sale potential.
So, when selecting a real estate agent, it is imperative to verify their credentials and prioritize those who are full-time professionals with a steady income. By doing so, you ensure that your agent can dedicate themselves wholeheartedly to your needs, without distractions or financial worries. Their financial stability also allows them to invest in effective marketing strategies, maximizing your chances of achieving the best price and terms for your property. Choosing the right agent is an important decision that can significantly impact the success of your real estate endeavors. If you ever want to see what your agent is producing via the MLS, drop me a line. I can pull any agent info.
I am happy to come by and check your home out! Call me! 407-948-8295
FIND OUT YOUR HOME’S ESTIMATED VALUE. CLICK HERE!
Thinking of buying but still need to sell? There’s a loan for that! See below!
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THANKS! See you all next time!
DAVID DORMAN BROKER / OWNER
CENTURY 21 PROFESSIONAL GROUP. 2747 MAGUIRE RD OCOEE, FL 43761
DAVID@DAVIDDORMAN.COM. 407-948-8295. WWW.DAVIDDORMAN.COM