Wednesday, May 19, 2021 / by Peter + Traci Prantner
The number of new listings on the market is still down 6% compared to last month and 11% from this time last year. There are 13% fewer listings from this time two years ago. Houses are staying on the market almost 2 whole weeks less than this time last year and is half of what it was two years ago! Interest rates are still around 3%.
Here are some quick statistics for Osceola, Polk, and Orange counties.
This is comparing April 2020 to April 2021. The number of houses sold did increase 44% from the prior year! Because of the high interest in buying and a lack of houses for sale to support the demand of buyers, the average price of houses has increased again from this time last year by 26%. Supporting proof for this demand is the fact that the average days on the market continues to be TWO WEEKS from this time last year!!! Houses sold in April 2021 on average sold at or above list price. Even though demand is high and therefore prices are increasing, it is still super ...
Wednesday, May 12, 2021 / by Peter + Traci Prantner
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Today we are talking about Zestimates and other automated home values. Specifically for Zestimates, I have noticed the following lately: First, they are much lower than what houses are actually selling for. This is an automated algorithm. It isn't looking at the current market and the demand with multiple offers being made on houses. Typically algorithms use sold prices, which is still low in today's market. What is sold today is a lower price than what is going under contract today. When we evaluate prices for listing or purchasing, we take what has sold and have to bump it up a little to match today's market. Second, Zillow is their own buyer and it has me wondering if they are valuing houses lower to give themselves the opportunity to buy low. Keep in mind, this is my own observation and my own thoughts. I have no fact to base this on. Third, when a house goes on the market the value changes from what was listed the day before when it was off the market. Y. ...
Wednesday, April 28, 2021 / by Peter + Traci Prantner
So you have some money you want to invest in your home to add equity or just to change things up. Here are some ideas of things to do based on your budget:
- Paint a Room
- Replace a sink faucet
- Add crown molding to kitchen cabinets or to a room
- Change the knobs on cabinets
- Replace the blinds in a room or add window treatments
- Add decorative wood trim to make a feature wall
- Add a tile backsplash to the kitchen
- Replace an overhead light
- Install some modern technology like a Ring doorbell or Nest thermostat
- Replace contractor grade bathroom mirrors
- Replace the front door
- Replace one or two kitchen appliances (For about $2,000-3,000 you can replace all of the appliances. TIP: shop on Black Friday there are usually awesome deals to be had)
- Update the landscaping outside
- Change the Kitchen Countertops to a Solid Surface
- Remodel a bathroom ...
Wednesday, April 21, 2021 / by Peter + Traci Prantner
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We are so happy that we moved to Florida. Here are some reasons we like Florida so much and what attracted us to Orlando.
1) Warm Weather - The hot summers don't bother us and out way the cold, snowy weather we get to skip. Being able to wear flip flops and shorts almost year-round is wonderful!
2) Things to Do - Living in the Orlando area, there are so many things to do. We have nature trails all around, lakes to boat on. Although central Florida is pretty flat, if we want to feel of hills, just go to Groveland and drive around. Orlando is of course full of tourist attractions. There is Disney, Universal Studios, Legoland, Sea World, Busch Gardens. That alone would take you days to visit. Because of all the tourists Orlando area is full of other things to do too... Things like escape rooms, museums, smaller amusement parks, go kart places, and so much more. Many of these offer discounts to Florida r ...
Friday, March 19, 2021 / by Peter + Traci Prantner
Here in the Orlando area, we have an inventory shortage happening. There are fewer houses for sale and the ones that are for sale are coming on and off the market fast! And if they are of any value at all, they are getting multiple offers, often the first day. (If they are priced anywhere close to market... there are still some crazy high priced houses out there!) This environment is making people that want to sell their current home and purchase a new home worried about how to pull that off. Especially when houses to buy are on and off the market so quickly with multiple offers. In an effort to help ease the worry of how to successfully buy and sell a home at the same time, we have come up with 15 different strategies that can be used to help make both happen at the same time. There are pros and cons to each of these strategies. I'll try to identify them here. Our goal is to educate and help you come up with the best strategy. Please lean on our knowledge if upgrading, downsizing ...