Tips for Selling a Vacant Home

If you decide that selling a vacant home is the way you really need to go, please take advantage of a few of these tips.

Some buyers enjoy seeing a spotless and blank slate, there are also those who prefer the exact opposite. Some buyers desire to look at how furniture should be placed in a room. The current furniture placement helps them to place their furniture, thereby helping to create a sense of being home in their mind. There can easily be an emotional connection with how a home is actually presented.

Part of the appeal of a home is its warmth and coziness. But when absolutely no one is living there, a home will have a tendency to look hollow and empty. You can always hire someone to stage the home using props, but that is an extra cost that you may not really want to incur. Surprisingly, vacant homes have a tendency to feel smaller.

Selling a Vacant Home Tips:Vacant homes might require special insurance

Selling a Vacant Home Tips:Vacant homes can attract crime.

• Let your neighbors and friends know you are selling and are no longer there. A few extra sets of eyes can help to mitigate negative events.
• Take extra precautions and install good locks preferably with dead bolts.
• It is also an excellent plan to have some lights on timers to help make the home look occupied.
• Make an effort to keep the home seasonable cool or warm if feasible. The temperature does not mean as substantially as the humidity. Moisture is definitely bad for real estate, make sure the HVAC runs enough to take the humidity out or put dehumidifiers in the home.
• You might also desire to consider installing a security system.Another option is to install home monitoring equipment that allows you to view the interior and exterior remotely.

Also, continue to maintain up the exterior of your home. You do not want to home to appear unmaintained. Not only from a selling perspective but also from attracting crime and vandals.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

The post Tips for Selling a Vacant Home appeared first on Steelbridge Realty LLC.

source https://northfortmyersonline.com/2017/10/26/selling-a-vacant-home/

What is a Listing Agent?

What is a Listing Agent? A listing agent is a real estate broker that markets the sellers property. They work to market your home to the highest number of people. As well, they facilitate and boost the chances of a real estate sale. Listing agents use some combination of the MLS, online portals, print, broadcast and online media to expose a property to the public and real estate agents. The most significant task for a listing agent is communication, among other duties.

What is a Listing Agent: Pricing.

A listing agent earns commission for their brokerage services. They make their money not only by helping to market your home but also by helping you price it. The point is, a seller can never really know the actual value of their home. Pricing it too low may mean losses while rating it too high may scare away potential buyers. That is where an excellent listing agent steps in to help.

The listing agent will study and analyze the prices of similar homes in your area to determine what price range best suits your property. A listing agent pays the selling agent brokerage fee if he or she brings a buyer that results in a sale.

What is a Listing Agent: Marketing.

A listing agent uses various channels to market a home to agents and potential buyers. They enter the property into MLS and put up the for sale sign in the yard. Also, listing agents use affordable media such as print and internet for marketing your property. They can also organize a realtor open house; listing agents will take that opportunity to answer questions buying agents might have about your home.

Also, listing agents can also provide you with counsel on practical ways to market and showcase a house for sale.

What is a Listing Agent: Staging.

Home staging can make or break a deal for any property. Listing agents have a responsibility to help in staging the house for a quicker and better sale. Some of their recommendations may include repairs, remodeling, and rearrangement of furniture. A listing agent should bring in a professional photographer or take professional quality pictures (not cell phone) to capture the best features of your home for marketing. A nicely staged home can command a higher asking price.

What is a Listing Agent: Negotiating offers with the seller.

If a home gets many offers, the agent will present all the offers to the seller and advise them on what price to accept. If a contract is accepted, the agents will be responsible for coordinating inspections, negotiating inspection and appraisal and maintaining communication between the agents for a seamless property close.

Listing agents may also suggest to the seller to contact an attorney for an estimate of closing costs. During the closing process, the listing agent works closely with the selling agent for a smooth closing.

If you choose to work with a listing agent, you enter into a legally binding contract that holds you and the agent accountable for specific terms and conditions. Commission rates for listing agents differ, and they may or may not accept your offer. Despite the importance of a listing agent during a real estate sale, the seller has the final say on all matters about his or her home.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

The post What is a Listing Agent? appeared first on Steelbridge Realty LLC.

source https://northfortmyersonline.com/2017/10/18/what-is-a-listing-agent/

What is a Listing Agent?

What is a Listing Agent? A listing agent is a real estate broker that markets the sellers property. They work to market your home to the highest number of people. As well, they facilitate and boost the chances of a real estate sale. Listing agents use some combination of the MLS, online portals, print, broadcast and online media to expose a property to the public and real estate agents. The most significant task for a listing agent is communication, among other duties.

What is a Listing Agent: Pricing.

A listing agent earns commission for their brokerage services. They make their money not only by helping to market your home but also by helping you price it. The point is, a seller can never really know the actual value of their home. Pricing it too low may mean losses while rating it too high may scare away potential buyers. That is where an excellent listing agent steps in to help.

The listing agent will study and analyze the prices of similar homes in your area to determine what price range best suits your property. A listing agent pays the selling agent brokerage fee if he or she brings a buyer that results in a sale.

What is a Listing Agent: Marketing.

A listing agent uses various channels to market a home to agents and potential buyers. They enter the property into MLS and put up the for sale sign in the yard. Also, listing agents use affordable media such as print and internet for marketing your property. They can also organize a realtor open house; listing agents will take that opportunity to answer questions buying agents might have about your home.

Also, listing agents can also provide you with counsel on practical ways to market and showcase a house for sale.

What is a Listing Agent: Staging.

Home staging can make or break a deal for any property. Listing agents have a responsibility to help in staging the house for a quicker and better sale. Some of their recommendations may include repairs, remodeling, and rearrangement of furniture. A listing agent should bring in a professional photographer or take professional quality pictures (not cell phone) to capture the best features of your home for marketing. A nicely staged home can command a higher asking price.

What is a Listing Agent: Negotiating offers with the seller.

If a home gets many offers, the agent will present all the offers to the seller and advise them on what price to accept. If a contract is accepted, the agents will be responsible for coordinating inspections, negotiating inspection and appraisal and maintaining communication between the agents for a seamless property close.

Listing agents may also suggest to the seller to contact an attorney for an estimate of closing costs. During the closing process, the listing agent works closely with the selling agent for a smooth closing.

If you choose to work with a listing agent, you enter into a legally binding contract that holds you and the agent accountable for specific terms and conditions. Commission rates for listing agents differ, and they may or may not accept your offer. Despite the importance of a listing agent during a real estate sale, the seller has the final say on all matters about his or her home.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

The post What is a Listing Agent? appeared first on Steelbridge Realty LLC.

source http://northfortmyersonline.com/2017/10/18/what-is-a-listing-agent/

SWFL Real estate after Irma

The case study SWFL Real estate after Irma was presented by Jeff Tumbarello, Broker Steelbridge Realty LLC/ Director SWFL REIA at the SWFL REIA luncheon in October.

Disclosure:

• This presentation is meant to provide some guidance from a statistical point of view.
• This is my work done for my use and shared with you.
• All data exported from MLS and trended with Microsoft excel.
• Data was exported on 10/4/2017

Real estate after Irma: First thing.

• Hurricanes have long had an influence on the Florida Real Estate market.
• The Florida Land Boom in the 20’s was finished off by the 1926 and 1928 hurricanes.

 

Real estate after Irma: Where is the market today?
Volume Jan thru Sept YTD
Lee County Residential

	2016	2017	DIFF
Volume	$  4,084,576,398	$4,360,981,530	6.77%
Counts	14,934	15,024	0.60%

 

Real estate after Irma: Pricing
Jan thru September YTD
Lee County Residential

	2016	2017	DIFF
Average	$273,509	$290,268	6.13%
Median	$205,000	$220,000	7.32%

 

Real Estate after Irma: Cash Sales Percentage.
Jan thru September YTD
Lee County Residential

	2016	2017	DIFF
cash	6,308	6,171	-2.17%
Cash %	42.24%	41.07%	-2.76%

 

Real Estate after Irma: September versus September Volume

	2016	2017	DIFF
Volume	$385,989,908	$278,857,948	-27.76%
Counts	1,499	989	-34.02%

Real Estate after Irma: September versus September Pricing

	2016	2017	DIFF
Average	$257,498	$281,960	9.50%
Median	$209,000	$225,000	7.66%

 

Here is what the year looks like.

Hurricane Charley:

• Hurricane Charley made landfall in SWFL on 8/13/2004 near the island of Cayo Costa, Florida as a 150 mph (240 km/h) Category 4 hurricane
• The real estate market was in a boom that was beginning to turn into a mania. Charley brought a lot of attention to the market, brought an influx of insurance money and reduced some inventory.

 

 

Hurricane Wilma:

• Hurricane Wilma made landfall in Cape Romano, Florida on Monday, October 24, 2005.
• Statistically, I can prove the SWFL Real Estate market had started divergence to the downside in August of 2005. Wilma caused people up north to pause. Rapidly rising prices compounded this.
• Wilma really ended the manias demand. Leverage is what carried any momentum from there.

Real estate after Irma: Some numbers of note.

• August 2004 (Charley Landfall) sales were down -23.92% from the previous month.
• October of 2005 (Wilma Landfall) sales were down -27.07% from the previous month.
• September of 2017 (Irma’s landfall) sales were down -41.24% from the previous month.

Notes:

• I am putting more weight on the trends from Charlie than Wilma due to the current trajectory of the market.
• There are 1610 properties pending in Lee County from the last 60 days.
• In the last 10 days 453 properties have went pending. (10/4/2017)

Where is the market today?
Collier County Residential Volume.

	2016	2017	DIFF
Volume	$4,244,646,006	$4,683,933,70	10.35%
Counts	7,553	7,880	4.33%

 

Where is the market today?
Collier County Residential Pricing.

	2016	2017	DIFF
Average	$561,981	$594,408	5.77%
Median	$326,150	$340,000	4.25%

Where is the market today?
Collier County Residential Cash Sales Percentage.

	2016	2017	DIFF
Cash	3,813	4,083	7.08%
Cash %	50.48%	51.81%	2.64%

Where is the market today?
Collier County Residential Volume.
September Only.

	2016	2017	DIFF
Volume	$      344,532,804	$231,008,708	-32.95%
Counts	700	422	-39.71%

Where is the market today?
Collier County Residential Pricing.
September Only

	2016	2017	DIFF
Average	$              492,190	$547,414	11.22%
Median	$              320,000	$330,000	3.13%

 

Where is the market today?
Collier County Residential Cash Sales Percentage.
September Only

	2016	2017	DIFF
Cash	332	211	-36.45%
Cash %	47.43%	50.00%	5.42%

 

Hurricane Charley Sales Counts Patterns for Collier.

 

Real Estate After Irma: Some Thoughts.

• Irma will be a more significant event for Collier and Bonita.
• Kudos to the new building codes. The new construction industry should benefit.
• Older resale’s may have issues with sentiment going forward. Especially older waterfront resale’s.
• Watching the pending thru February will be on my radar. As will the foreclosure filings.
• There will be opportunities in the non-bank distressed market.
• Insurance companies appear to have gotten better at mass events in relation to loss prevention. I have spoke with several people where the insurance company has “approved vendors”. This will have an affect on local contractors.

Real Estate After Irma: Foreclosures.

• I have seen interviews with public and private individuals referring to a bump in the foreclosures.
• You have to understand the timeline to understand the possible trends.
• The earliest a foreclosure will be filed is roughly 90 days from today. Then you have generally a 6 month process.
• Due to our high percentage of cash sales since 2009. It is unlikely to trigger a mass event like the end of the last cycle.

~ Stay tuned (subscribe and follow) for updates going forward.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

The post SWFL Real estate after Irma appeared first on Steelbridge Realty LLC .

source http://northfortmyersonline.com/2017/10/12/swfl-real-estate-after-irma/

September 2017 Lee County Florida Foreclosure Trend Report

Do not confuse active listings with past sales.

A very common mistake many sellers make when attempting to price their property for is to place a lot of weight on active listings instead of closed sales. The best way I know to describe it is that some list prices are the property owners unrequited dream. That dream doesn’t become reality until a ready, willing and able buyer purchases the home.

Do not confuse active listings with past sales: The market is very defined.

 

I equate the current market to a very defined channel, a creek even. Due to the lack of quality well priced inventory the creek is fast moving.

 

 

 

 

 

The key to getting caught up in the current velocity (metaphor for how the market moves) of that creek is be close enough to the weather. If you price the property too high using active listings versus closed sales. You will be too far up the bank and not able to get your toe in the water.

 

 

 

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

The post Do not confuse active listings with past sales. appeared first on Steelbridge Realty LLC .

source http://northfortmyersonline.com/2017/10/03/active-listings/

How to price your home

how to price your home can be a daunting process. There are many reports in the media and anecdotally in the market place of homes selling for quickly at or above asking price. Because of that, sellers these days often expect their home to sell in just a few weeks or even days. I had a past experience where I sold a home in just a few days. That home was priced right in a market with high demand and no inventory.

How to price your home: Subdue your passions.

It’s natural to have an emotional attachment to your home, but this can cloud your objectivity in determining its market valuation– that is, what another person else will pay when it comes to it.

How to price your home: Get the facts.

You may have relevant information about what a neighbouring property sold for, but this is of limited use unless you are intimately knowledgeable the facts and history of that property, inside top to bottom out. Has there been extensive renovations, past water damage, a new roof, an extra bedroom?

How to price your home: It is YOUR property and YOUR decision.

The list price tag is your decision, nevertheless for the reasons just given, it’s wise to seek professional assistance when determining that price.

A Licensed real estate expert can obtain detailed information about the listing price, selling price and other attributes of the homes that have sold recently in your neighbourhood, and which information can easily be very useful. A professional can help to interpret what all of that information means for you.

How to price your home: If it does not sell quickly.

The limited rate of interest in your home may be a function of more than just the price. A sales representative can get feedback from those who have viewed the property or their representative. They can help estimate out if the price is the genuine issue, or whether there are other factors, like the décor, the need for repairs, the landscaping, or the age of your home’s major systems, this type of as HVAC, electrical, plumbing or roof.

You should know that not all real estate professionals will have the same level of knowledge and experience to give or express opinions advice about the valuation of real property.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

The post How to price your home appeared first on Steelbridge Realty LLC .

source http://northfortmyersonline.com/2017/10/03/how-to-price-your-home/