Nothing beats fresh seafood in the summer, and when you're right by the coast, there's plenty to choose from. The local seafood restaurants around Northeast and Central Florida and Southeast Georgia are second to none, and our real estate agents know where to find all the best ones. Here are five you should check out this summer.

Best Local Seafood on the Coast

Palms Fish Camp Restaurant - Jacksonville, FL

6359 Heckscher Dr., Jacksonville, FL 32226

If you want seafood straight off the boat, head to Palms Fish Camp Restaurant. Everything is freshly caught, expertly prepared, and absolutely delicious. Start with an appetizer like:

• Coconut shrimp
• Conch fritters
• Gator bites

Then, for the most part, just ask what the daily specials are, and they'll bring you something incredible, straight from the ocean to your plate. Then finish with a slice of their homemade key lime pie, which you can enjoy while taking in a spectacular waterfront view. They also regularly have live music and other events, plus a fishing tournament in mid-July. And be sure to come on Mondays for Cash Pot Bingo!

Julington Creek Fish Camp - Jacksonville, FL

12760 San Jose Blvd., Jacksonville, FL 32223

For seafood with a southern flair, check out Julington Creek Fish Camp. Try some shrimp & andouille gumbo, with collard greens or smoked bacon butter beans, which you can enjoy inside or out on the patio with a view of the river. The restaurant is elegant but affordable, and a perfect spot for a night out in Jacksonville. Make your reservation online!

O.C. White's Seafood and Spirits — St. Augustine, FL

118 Avenida Menendez, St. Augustine, FL 32084

Set right on Matanzas Bay, O.C. White's Seafood and Spirits serves up fresh local seafood with historic charm. Housed in one of St. Augustine's oldest buildings, the restaurant offers waterfront dining just steps from the Bridge of Lions. Menu favorites include their crab cakes, shrimp and grits, and fresh catch of the day, all best enjoyed near St. Augustine homes for sale. Live music on the patio makes it an ideal spot to relax after a day of house hunting.

The Fat Snook - Cocoa Beach, FL

2464 S Atlantic Ave., Cocoa Beach, FL 32931

The Fat Snook strives to create an elevated dining experience in a laid-back atmosphere. Try their Oyster Motoyaki, their poblano pesto shrimp, or ask for their seasonal Fresh Catch options. Located near Central Florida homes for sale, they're a health-conscious restaurant that prioritizes sustainability and quality. They're also allergy-friendly, with no nut or seed oils used and plenty of gluten-free and allergen-free menu options.

The Crab Shack — Tybee Island, GA

40 Estill Hammock Rd., Tybee Island, GA 31328

There's no better place near Southeast Georgia homes for sale for fresh, hands-on crab than The Crab Shack. Set along the marsh with an alligator sanctuary on-site, this laid-back spot serves up trays of blue crab, snow crab, or a mix of both, plus a wide range of other seafood, including:

• Fried oysters
• Steamed shrimp
• Lobster tails

Everything is served with plenty of butter and Old Bay seasoning. The open-air, low-country atmosphere makes it a favorite stop for locals and visitors near Savannah alike.

Your New Florida Home

Great seafood and beautiful views are par for the course when you live on the coast. Contact us if you're ready to make your new home in Florida or Georgia! We'll help you find the perfect house in the perfect neighborhood to meet all your needs!

All summer long, there's no better place to be than Florida and Georgia when you want to enjoy a restful, relaxing "staycation." There's no need to wander far when you're convenient to some of the best amenities and most beautiful sights in two states. Our real estate agents are here to help you find the right spot for you!

Sunshine State Staycation Spots for 2026

Wekiwa Springs State Park – Apopka, FL

1800 Wekiwa Circle, Apopka, FL 32712

Wekiwa Springs State Park is an all-natural water wonderland just minutes from downtown Orlando. With natural springs feeding the Wekiwa River, it's an ideal place to beat the heat or catch a glimpse of some spectacular wildlife. Miles of trails and waterways provide opportunities to explore.

Lakeside Inn – Mount Dora, FL

100 North Alexander Street, Mount Dora, FL 32757

Lakeside Inn is touted as "Florida's Most Historic Hotel." This timeless setting makes for the perfect summer getaway, whether you want to plan a special occasion or simply relax. The hotel dates from 1883 and is the last Victorian-era hotel in the state. It has 90 sumptuous guest rooms and 2,000 square feet of event space.

SeaWorld Orlando – Orlando, FL

7007 Sea World Dr, Orlando, FL 32821

SeaWorld Orlando is one of many nationally known family-friendly attractions in the Orlando area. It features rides, dining, presentations, educational events, and (of course!) hundreds of kinds of aquatic animals. Check out the Dolphin Encounter, underwater Orca viewing, or the VIP fireworks and drone show at night!

Cross Seminole Trail – Oviedo, FL

See website for trailhead locations

Cross Seminole Trail is open from dawn until dusk daily, and includes the Florida National Scenic Trail. As you follow the trail on foot, bicycle, or horse, you can also enjoy the amenities of several state parks along the way. The scenery and terrain vary from cypress forests to waterfront boardwalks.

Central Florida Zoo – Sanford, FL

3755 W. Seminole Blvd. Sanford, FL 32771

Central Florida Zoo is one of Florida's most beloved, with a wide range of majestic animals you won't want to miss. It also contains a botanical garden with all kinds of lovely surprises, whatever the season. Some of the most popular residents of this award-winning zoo include:

• Amur Leopard

• Mongoose Lemur

• Florida Black Bear

• Giraffe

• Llama

• Greater One-Horned Rhinoceros

• Cheetah

• Bald Eagle

• Hyacinth Macaw

SoBo Art Gallery – Winter Garden, FL

127 S. Boyd Street, Winter Garden, FL 34787

SoBo Art Gallery is a contemporary art gallery that curates breathtaking exhibits featuring works by local artists from Florida and across the South. It also holds a wide variety of special juried showings, such as the "It's Colored Pencil" awards from the Colored Pencil Society of America, and a slew of art classes for all skill levels.

Charles Hosmer Morse Museum of Modern Art – Winter Park, FL

445 North Park Avenue, Winter Park, FL 32789 

The Charles Hosmer Morse Museum of Modern Art is the world's #1 collection of artworks by Louis Comfort Tiffany (1848-1933). Tiffany was a prolific artist with interests across jewelry, ceramics, paintings, glass, lamps, and windows. His masterpiece from the 1893 World's Columbian Exposition in Chicago is the centerpiece.

Florida Staycations Will Make This Your Best Summer Yet

It's never been easier to find the perfect place for a summer staycation. Your new home is waiting for you. Contact us to find out more or get started with real estate in Florida and Georgia.

When you live in Central Florida, designing your outdoor spaces for shade and comfort is just as important as what you do inside the home — and our real estate agents can help you find properties where the landscaping already works in your favor. With the right strategy, your yard can become a true extension of your living space, no matter how high the thermometer climbs.

Smart Landscaping Strategies That Beat the Florida Heat

Harness the Power of Shade Trees

Nothing rivals the cooling effect of a well-placed shade tree. Strategically planted trees on the west and southwest sides of your home can reduce indoor temperatures and significantly cut energy costs. In Central Florida, fast-growing native species thrive in the local climate and provide meaningful shade within just a few seasons.

Top shade trees to consider for Central Florida yards:

• Live oak, which offers broad canopy coverage and thrives in sandy soils
• Southern magnolia, a classic choice that provides dense, year-round shade
• East Palatka holly, a versatile option that does well in both sun and partial shade

Use Structures to Create Outdoor Rooms

Shade trees alone may not cover every corner of your property. Structural additions give you control over exactly where the shade falls and can dramatically expand your usable outdoor square footage year-round.

Popular shade structures for Florida landscapes:

• Pergolas — a classic framework that becomes even better with climbing vines like Confederate jasmine or bougainvillea woven through it, adding fragrance and color alongside the shade
• Shade sails — a clean, modern option stretched across patios or pool decks that can be repositioned or removed as the season changes
• Covered lanais and screen enclosures — the full-coverage solution that handles both the sun and the bugs, extending the usable hours of any outdoor space

Incorporate Water Features for Natural Cooling

Water features do more than add visual appeal — they actively lower the temperature of the surrounding air. A small fountain, pond, or misting system can make a noticeable difference in how comfortable your outdoor space feels on a sweltering afternoon. Pair water features with shaded seating areas for maximum effect.

Choose Heat-Tolerant Ground Covers and Plants

Turf grass absorbs and radiates heat. Replacing portions of your lawn with low-maintenance ground covers and native plantings reduces the overall heat load in your yard while cutting back on irrigation needs.

Heat-smart planting options for Central Florida landscapes:

• Asiatic jasmine — dense and low-growing, it stays green through the worst of the heat and takes the hard edge off driveways, walkways, and other paved surfaces
• Liriope — a dependable border plant that holds its shape in full sun, asks for very little water, and looks good doing it season after season
• Coontie — a Florida native that thrives in direct sun with minimal care, and adds a sculptural, almost prehistoric character to beds and borders

How Landscaping Affects Your Home's Value

Great landscaping sells itself twice — once to the people living in it, and again when it's time to move on. Industry estimates suggest the right outdoor improvements can add ten to fifteen percent to a home's resale value, and in Central Florida, where buyers treat outdoor living as a genuine priority, that upside is very much in play. A yard that already delivers mature shade, functional structure, and low-maintenance plantings doesn't just photograph well — it signals to buyers that the home has been cared for. For homeowners getting ready to list, few pre-market investments return more per dollar than thoughtful landscaping.

Make Your Outdoor Space Work as Hard as Your Home

A well-designed landscape is one of the most rewarding investments you can make in Central Florida living, and the team at Watson Realty Corp. is here to help you every step of the way — whether you are buying, selling, or simply growing roots. Contact us today to connect with an agent who knows Central Florida neighborhoods and can help you find the shaded, comfortable outdoor lifestyle you deserve.

When the warm Central Florida weather calls you outside, your backyard should be ready to answer. Whether you're planning to sell or simply want to enjoy your home more fully, investing in your outdoor living space is one of the smartest improvements you can make — and our real estate agents will tell you it can make a meaningful difference in your home's appeal and value.

Why Outdoor Living Spaces Matter for Central Florida Homeowners

Here's a rewritten version of that section:

Central Florida's climate gives you the rare advantage of enjoying your outdoor space in virtually every month of the year, which means your patio, deck, or backyard functions as a genuine living space — not just a warm-weather afterthought. A well-designed backyard can meaningfully strengthen your home's appeal and help it stand out when it matters most.

The Value of a Well-Designed Patio

The material you choose for your patio surface directly affects how the finished space looks, how long it lasts, and how much upkeep it requires over time. Understanding your options before you commit can save you significant time and money down the road:

• Poured concrete delivers a clean, durable finish that holds up well against Florida's heat, heavy rain, and humidity
• Pavers in brick, travertine, or concrete offer a more refined, customizable look and can be replaced individually if damage occurs
• Gravel or decomposed granite provides a budget-friendly, permeable option that drains quickly after those afternoon downpours

Proper ground preparation is the most important step — skip it and even the best materials will shift, crack, or flood.

Building or Upgrading a Deck

A deck brings structure and visual depth to a backyard that might otherwise feel flat or undefined. In Florida's humid climate, composite decking is often the smarter long-term investment — it withstands moisture, resists fading and insect damage, and requires far less ongoing maintenance than natural wood.

Key decisions to make before you start:

• Choose the right decking material — composite, pressure-treated pine, or hardwood like ipe
• Determine the deck's purpose — dining, lounging, or a combination of both
• Check local permit requirements, since many Florida municipalities require permits for structures above a certain size

Shade Solutions That Make a Difference

In Central Florida, shade is not a luxury — it's a necessity. Without it, even a beautifully built patio goes unused during the hottest parts of the day. Smart shade upgrades include:

• Pergolas with climbing plants or retractable shade cloth for a natural, airy feel
• Sail shades in UV-resistant fabric for affordable, modern coverage
• Screen enclosures that keep out insects and provide shelter from afternoon storms

Simple Backyard Upgrades That Add Immediate Impact

The most striking backyard transformations aren't always the most complicated ones. With the right upgrades, you can make an outdoor space feel dramatically more finished — without a major budget or a drawn-out project timeline.

Landscaping and Lighting

Layered landscaping — combining ground cover, shrubs, and taller plants — gives your yard a finished, intentional appearance. Pair it with low-voltage LED landscape lighting to extend the space's usability into the evening and enhance curb appeal at night.

Outdoor Kitchens and Fire Features

A fire feature or outdoor kitchen doesn't just upgrade a backyard — it transforms the feeling of stepping into it. The right built-in grill, a durable prep surface, and weather-resistant storage do something casual furniture never can: they make the space feel intentional, like it was built to be lived in.

Make Your Outdoor Space Work for Your Home's Future

Whether you're upgrading for your own enjoyment or preparing your home for the market, a thoughtfully designed outdoor space pays dividends. From a simple paver patio to a fully equipped deck with shade and lighting, every improvement brings you closer to the outdoor lifestyle Central Florida was made for. When you're ready to put that investment to work in a sale, contact us at Watson Realty Corp. and let our team help you make the most of every upgrade you've made.

When you are preparing to buy or sell a home in Central Florida, few things catch people off guard more than closing costs and hidden fees. Understanding what to expect before you reach the closing table can save you thousands of dollars and a great deal of stress — and our real estate agents at Watson Realty Corp. are here to make sure you are fully prepared every step of the way.

What Are Closing Costs?

Closing costs are the fees and expenses you pay to finalize a real estate transaction, separate from the home's purchase price. They are due at the closing of the sale and can vary depending on the property, the lender, and the location.

Who Pays Closing Costs?

While both buyers and sellers share closing costs, what each party pays looks quite different at the closing table.

As a buyer, you can expect to pay for:

• Loan origination and underwriting fees
• Home inspection and appraisal fees
• Title search and title insurance
• Prepaid homeowners insurance and property taxes
• Attorney or settlement agent fees

Sellers commonly pay for:

• Real estate agent commissions
• Title transfer taxes and recording fees
• Outstanding liens or HOA balances
• Prorated property taxes through the date of sale

How Much Should You Budget for Closing Costs?

A general rule of thumb for buyers is to budget between two and five percent of the home's purchase price for closing costs, which can add up to a significant sum depending on the property. Sellers in Florida also need to plan ahead, as their costs — particularly commission and transfer taxes — can be substantial.

Breaking Down the Most Common Fees

Understanding the individual line items on your Closing Disclosure can help you spot anything unexpected and ask the right questions before signing.

Key fees to review on your Closing Disclosure:

• Loan origination fee — what your lender charges to set up your loan
• Appraisal fee — covers a professional assessment of the home's value
• Title insurance — protects you and your lender if ownership questions arise later
• Escrow impounds — funds set aside upfront to cover taxes and insurance
• Recording fees — paid to the county to make the ownership transfer official

Hidden Fees That Often Surprise Buyers and Sellers

Even experienced homeowners can be caught off guard by fees that are not always clearly disclosed early in the process. Staying informed can prevent last-minute surprises at the closing table.

Watch Out for These Often-Overlooked Charges

• HOA transfer fees and capital contributions — common in Central Florida communities with active homeowners associations
• Courier and wire transfer fees — small but cumulative charges for document handling and fund transfers
• Prepayment penalties — found in some loan agreements, if you pay off your mortgage early
• Home warranty premiums — sometimes negotiated into the contract, but occasionally left to the buyer
• Pest inspection fees — often required by lenders for certain loan types, including VA and FHA loans

Tips for Reducing Your Closing Costs

Negotiating and shopping smartly can make a meaningful difference in what you ultimately pay. Here are several proven strategies to consider:

• Request a Loan Estimate from multiple lenders and compare fees side by side
• Ask the seller to cover a portion of your closing costs as part of the offer negotiation
• Look for lender credits, which can offset upfront costs in exchange for a slightly higher interest rate
• Review your Closing Disclosure carefully at least three business days before closing

Work With an Agent Who Knows Central Florida

Understanding closing costs and hidden fees is one of the most important steps you can take before entering the Central Florida real estate market. When you are ready to buy or sell with confidence, contact us at Watson Realty Corp. — our experienced team is committed to helping you navigate every detail of the transaction with clarity and care.

With the arrival of Memorial Day, summer officially begins in Northeast Florida and Southeast Georgia. From festivals and outdoor getaways to solemn ceremonies of remembrance, this is our real estate agents' guide to how to spend Memorial Day weekend across the region. 

Memorial Day Happenings in FL and GA

Jacksonville Veterans Memorial Wall - Jacksonville, FL

Address: 1145 E Adams St, Jacksonville, FL 32202

The City of Jacksonville's annual Memorial Day Observance will be held at 8:30 am on Monday, May 25, at the Veterans Memorial Wall. Located adjacent to EverBank Stadium, just east of Downtown Jacksonville and minutes from many Jacksonville homes for sale, the memorial shows the names of more than 1,500 local military personnel lost in combat. 

Green Cove Springs Riverfest - Green Cove Springs, FL

Address: 200 Spring St, Green Cove Springs, FL 32043

Some of the best family-friendly fun in Northeast Florida this Memorial Day weekend is at the Green Cove Springs Riverfest. Held at the picturesque Spring Park, the festival takes place on May 25 from 10 am to 9 pm. Highlights include:

• Over 100 food and craft vendors
• Kids' zone with bounce slides and face painting
• Live entertainment throughout the day
• Fireworks display at night

Visit Cumberland Island - St. Marys, GA

Address: 113 St. Marys St W, St. Marys, GA 31558

Spending time outdoors with family and friends is a great way to enjoy Memorial Day Weekend, and the beautiful Cumberland Island is a perfect place to do so. Accessible by boat or ferry from the mainland, this mostly undeveloped barrier island offers 18 miles of beaches and 50 miles of trails. Cumberland Island lies just across the Florida state line, and many guided tours of the island depart from Amelia Island & Fernandina on the Florida side. 

Jacksonville Jazz Fest - Jacksonville, FL

Address: 288 E Bay St, Jacksonville, FL 32202

The Jacksonville Jazz Fest is back for four days this year, touching down in Downtown Jacksonville from May 21-24. It's one of the biggest outdoor music festivals in the region, with a thrilling lineup of artists and some of the best food and drink in Northeast Florida. 

Blue Crab Festival - Palatka, FL

Address: 102 N 1st St, Palatka, FL 32177

Just a short drive from St. Augustine, the annual Palatka Blue Crab Festival starts on Friday, May 22, and runs through Sunday, May 24. With a beautiful riverfront location and an abundance of fresh seafood, the festival spotlights the versatile blue crab, harvested along the coast. The festival will also include: 

• Live bands on multiple stages
• Jet Ski shows
• Arts and crafts vendors

Fort Clinch State Park — Fernandina Beach, FL

Address: 2601 Atlantic Ave, Fernandina Beach, FL 32034

Memorial Day weekend is a great time to explore Fort Clinch State Park on Amelia Island, one of the best-preserved 19th-century fortifications in the country. Rangers lead candlelight tours and living history demonstrations throughout the holiday weekend, bringing Civil War-era life to vivid detail. The park also offers:

• Ocean and river fishing access
• Hiking and biking trails through the maritime forest
• Beachfront camping with Atlantic Ocean views

Okefenokee Adventures — Folkston, GA

Address: 4159 Suwannee Canal Rd, Folkston, GA 31537

For a Memorial Day weekend experience unlike any other, explore the wild Okefenokee Swamp in Southeast Georgia — one of the largest intact freshwater ecosystems in North America. Paddling tours, guided boat rides, and wildlife observation platforms offer a fascinating look at this National Wildlife Refuge. Spring is one of the best times to visit, as abundant wildlife is active throughout the swamp.

• Guided boat tours available daily
• Wildlife sightings include alligators, sandhill cranes, and otters
• Canoe and kayak rentals on-site

Contact us today to learn more about life in Southeast Georgia and Northeast Florida, and be sure to ask our real estate agents about how we can help find the perfect home for you and your family. 

Florida is home to more than 1,000 freshwater springs, giving the state one of the largest concentrations of these natural phenomena. Not only are these systems beautiful, but they're also a great place to visit, swim, and enjoy other recreational activities. Our real estate agents know the state well and recommend visiting the following natural springs.

Exploring Florida's Natural Springs This Season

Blue Spring State Park

Address: 2100 W. French Ave., Orange City, FL 32763

Swim in 72-degree crystal-clear waters at Blue Spring State Park, located along the St. Johns River and near central Florida homes for sale. The spring attracts manatees that rely on its constant temperatures, and if a significant number remain in the spring, its opening could be delayed. Although visitors aren't allowed to swim with the manatees, you might be able to see them from a boardwalk viewing platform. For more water fun, rent a tube and enter the water at the upper entry, swim to the spring boil, and then float down to the main swim dock for a journey of about an eighth of a mile.

Wekiwa Springs State Park

Address: 1800 Wekiwa Circle, Apopka, FL 32712

Wekiwa Springs State Park is a popular setting for swimming in the spring, which is just over half an acre in size and has an average depth of four feet. If you have difficulty using the available steps, a swim lift is available to help you enjoy the water. Snorkeling is also allowed at the springs. And when you're ready to get out of the water, a series of trails lets you choose from a short 8/10-mile trek up to 13.5 miles for a serious hike.

Spring Park at Green Cove Springs

Address: 200 Spring St., Green Cove Springs, FL 32043

Nestled along the western bank of the St. Johns River in Clay County, Spring Park at Green Cove Springs is a historic and family-friendly destination that has drawn visitors seeking its therapeutic waters since the 1800s. The park's natural spring flows at a constant 77 degrees and surges water directly into a large spring-fed municipal swimming pool, making it one of the most accessible and unique spring experiences in Northeast Florida. After a swim, the park also offers:

• A spring-fed swimming pool and free splash pad
• A kayak launch onto the St. Johns River
• Covered picnic shelters beneath old-growth Spanish moss-draped oaks
• A playground, gazebo, and pedestrian bridge over the spring run

Ichetucknee Springs State Park

Address: 12087 SW U.S. Hwy. 27, Fort White, FL 32038

Ichetucknee Springs State Park is a 2,669-acre wildlife haven in North Florida and one of the most beloved spring destinations in the state. Eight major crystal-clear springs join to form the six-mile Ichetucknee River, which flows through shaded hammocks of cypress, maple, oak, and pine at a gentle one-mile-per-hour current. The park is best known for its tubing, but it offers far more than a float down the river. Designated as a National Natural Landmark, the park's upper spring run is considered one of the most pristine in Florida. Wildlife is abundant throughout, and it's common to spot:

• Turtles, river otters, and beavers along the banks
• Wild turkeys, wood ducks, and limpkins in the forest
• Manatees seeking warm spring water

Swimming and snorkeling are available year-round at the Ichetucknee Head Spring and Blue Hole Spring.

Rainbow Springs State Park

Address: 19158 SW 81st Place Rd., Dunnellon, FL 34432

Visit Rainbow Springs State Park to experience one of the state's largest springs that serves as the headwaters for the Rainbow River. The park is a popular destination for many fun water activities, including:

• Swimming
• Snorkeling
• Tubing
• Fishing
• Canoeing

For non-water activities, the park has beautiful, shady gardens that you can walk through, and you can pass three waterfalls. Along the way, you'll stroll past azaleas, oaks, and magnolias on trails that vary in length up to a half-mile.

Ready to Spring Into a New Home?

Contact us today if you'd like to see Jacksonville homes for sale or homes elsewhere in the state, and buy a home amid Florida's natural beauty. We help customers with their home-buying and selling needs throughout Florida and southeastern Georgia, and we look forward to helping you find your dream home! 

If you are preparing to purchase a home in Central Florida, understanding the escrow process is one of the most important steps you can take. Working with our real estate agents at Watson Realty Corp. ensures you have experienced guidance at every stage of your transaction.

What Is Escrow and Why Does It Matter in Florida?

When you purchase a home in Central Florida, escrow serves as a built-in layer of protection for everyone at the table. A neutral third party holds your funds and key documents until every condition of the sale is satisfied, giving both buyers and sellers peace of mind from contract to closing. The Florida Real Estate Commission (FREC) and the Florida Department of Business and Professional Regulation DBPR regulate real estate professionals involved in escrow transactions, helping ensure your funds are handled according to state requirements.

How the Escrow Process Works

When you make an offer on a Central Florida home, and it is accepted, you will typically submit an earnest money deposit into an escrow account. This demonstrates your commitment to the purchase. The escrow agent, often a title company or attorney in Florida, then manages those funds until closing.

Key steps in the escrow process include:

• Submitting your earnest money deposit after the contract is executed
• Completing required inspections, appraisals, and loan approval within specified deadlines
• Reviewing the title search to confirm the property is free of liens or legal issues
• Signing final closing documents and transferring funds to complete the sale

Florida-Specific Escrow Rules You Should Know

Knowing the rules before you reach the closing table can make all the difference. Florida has clear regulations in place governing how escrow funds are handled, and understanding them helps you move through the process with confidence — and without unwelcome surprises. Under Florida law, escrow funds must be held in a properly designated escrow or trust account at a Florida-based financial institution for the duration of the transaction.

• Escrow deposits in Florida must be held in a designated account by a real estate broker, title company, or attorney acting as the escrow agent
• Florida law requires disputes over escrow funds to follow a formal resolution process, which may include mediation, arbitration, or court action, before funds can be released
• Buyers typically have a set number of days, outlined in the contract, to complete inspections and due diligence, after which the deposit may become non-refundable depending on the terms of the agreement

The Role of the Title Company in Florida Escrow

When it comes to escrow in Central Florida, title companies are your behind-the-scenes advocates. They handle the title search, issue title insurance, and step in as the neutral escrow agent — quietly ensuring everything is in order before you ever sit down at the closing table. Watson Title Services (Central Florida) is a trusted resource that protects you from any undiscovered claims or defects in the property's ownership history, a critical safeguard in any real estate transaction.

What Happens at Closing?

Closing day is the moment everything comes together. The escrow agent releases all funds per the terms of your contract, ownership officially transfers to you, and — best of all — you get the keys to your new home. In Florida, a title company or real estate attorney typically oversees this process, and once all documents are in order, it often wraps up fairly quickly. If you want to feel fully prepared before you sign, the Consumer Financial Protection Bureau (CFPB) offers helpful resources on closing disclosures and final loan terms.

Ready to Buy a Home in Central Florida?

Navigating escrow is much smoother when you have the right team on your side. Contact us at Watson Realty Corp. today, and let our experienced professionals guide you confidently from contract to closing.

Florida is known for its weather, popular beaches, and world-class amusement attractions, but our real estate agents also love visiting the state's gorgeous state parks, which offer ample opportunities for hiking, biking, and enjoying peaceful, natural scenery. Spring is the perfect time to explore Florida's inland beauty, so we pulled together a quick list of some unforgettable state parks to explore this year.

Florida State Parks To Visit This Spring

Ravine Gardens State Park - Palatka, FL

Address: 1600 Twigg St., Palatka, FL 32177

Head over to Ravine Gardens State Park to explore these ancient ravines transformed into beautiful tropical gardens. This park offers gorgeous scenery that makes for the perfect backdrop for a long hike or a family picnic. The park is open from 8 a.m. to sundown 365 days per year, and the entry fee is $5 per vehicle. Don't forget to swing by our favorite Palatka homes for sale while you're in the area.

Washington Oaks Gardens State Park - Palm Coast, FL

Address: 6400 N. Ocean Shore Blvd., Palm Coast, FL 32137

Stunning gardens are at the center of Washington Oaks Gardens State Park. During your visit, you'll experience beautiful displays of native and non-native plants, as well as bird-of-paradise plants. The huge ancient oak trees that surround the park provide many photo-worthy opportunities. After you stroll through the park, schedule tours of these Palm Coast homes for sale just a short drive away.

Faver-Dykes State Park - St. Augustine, FL

Address: 1000 Faver Dykes Road, St. Augustine, FL 32086

If you're looking for the perfect place for a picnic, camping trip, or canoe adventure, plan a visit to Faver-Dykes State Park. Pellicer Creek is at the southern border of the park, and it's a Florida Designated Paddling Trail, perfect for kayaking, canoeing, or small boats. If you enjoy this park, you might like to live in one of these St. Augustine homes for sale nearby. 

North Peninsula State Park - Ormond Beach, FL

Address: 40 High Bridge Road, Ormond Beach, FL 32176

This park has golden sandy beaches on one side and coastal marshlands on the other. North Peninsula State Park has over 550 acres of undeveloped coastal habitat. Bask in the sun, take a refreshing swim in the ocean, or check out the sea turtles from May through October. Bikers can enjoy part of the Ormond Scenic Loop and Trail, which offers beautiful seascapes and wildlife. If you'd like to live near this seaside paradise, there are some nice Ormond Beach homes for sale just a few miles away.

Bulow Creek State Park - Ormond Beach, FL

Address: 3351 Old Dixie Highway, Ormond Beach, FL 32174

This land preserve spans over 5,600 acres, of which about 1,500 are submerged lands. Bulow Creek State Park has one of the largest remaining stands of southern live oak forest along Florida's east coast and is home to the Fairchild Oak, one of the largest live oak trees in the South. The 7-mile Bulow Woods Trail will take you to the stunning Bulow Plantation Ruins State Park. 

From scenic trails to peaceful coastline views, spring is the perfect time to visit Florida's gorgeous state parks. If you're ready to plan your move to the Sunshine State, contact us today.

The best way to get to know an area is to check out its local events. Our real estate agents know all the best festivals and fairs to experience art and culture across Central Florida and connect with community members. Here are a few that aren't to be missed.

Find Your Favorite Florida Festivals

EPCOT International Flower and Garden Festival - Bay Lake, FL

Walt Disney World Resort, Bay Lake, FL

For a magical experience seeing and learning about flowers from around the globe, check out the EPCOT International Flower and Garden Festival. Running through June 1 near Orlando homes for sale, it features attractions like Spike's Pollen-Nation Exploration scavenger hunt, a larger-than-life garden at Communi-Core Hall, and colorful topiaries sculpted to look like your favorite Disney characters. There are also outdoor kitchens serving delicious, colorful dishes made with fresh fruits, vegetables, and flowers. Plus, don't miss the Garden Rocks Concert Series, featuring live music from bands including:

• Herman's Hermits
• Billy Ocean
• Chubby Checker

Admission is included with your EPCOT ticket, but may require an advance park reservation.

The Winter Park Sidewalk Art Festival - Winter Park, FL

150 W. Morse Blvd., Winter Park, FL 32789

Some of Central Florida's most incredible art will be on display at the 67th Winter Park Sidewalk Art Festival. March 20-22, near Winter Park homes for sale, artists from all over will display breathtaking artworks of all types throughout Central Park and all along Park Avenue, for a chance to win cash, prizes, and acclaim. There are many categories, from watercolors and pastels to sculpture, jewelry, and digital art. There's also a Children's Workshop with hands-on activities to help kids learn about the art-making process.

Mount Dora Spring Festival of Arts - Mount Dora, FL

230 W. 4th Ave., Mount Dora, FL 32757

Every year, the streets near Mount Dora homes for sale are filled with art, as over 200 artists come together for the Mount Dora Spring Festival of Arts. Now in its 29th year, it began as an antique show before expanding to include handcrafted wares and art of all kinds. The event also features food vendors and live street performers. Running March 21-22 from 9 a.m. to 5 p.m., the festival is free to attend.

Florida Film Festival - Maitland, FL

1300 S. Orlando Ave., Maitland, FL 32751

Any film lover will want to check out the Florida Film Festival. Beginning April 10th, over 170 films from 41 countries are screened over 10 days at this Oscar-qualifying festival. There's also a host of events, including an opening night party and an awards ceremony. It's a great opportunity to mingle with other film lovers while seeing some of the best features and shorts from around the world.

Mount Dora Blueberry Festival - Mount Dora, FL

530 N. Donnelly St., Mount Dora, FL 32757

Mount Dora is known for its blueberries, and there's no better way to celebrate that than at the Mount Dora Blueberry Festival. It starts with a Blueberry Pancake Breakfast, followed by a Blueberry Pie-Eating Contest, plus an opportunity to pick fresh blueberries from local farms, and plenty of fresh-baked blueberry pies. Free to attend, the event runs April 25-26, 9 a.m. to 5 p.m.

Finding Your Central Florida Community

There are plenty of other events to explore in Central Florida and opportunities to connect with the community. Contact us if you're ready to make your new home here! We'll help you find a house you'll love in a neighborhood with everything you need.

2026 brings an incredible slate of plays, concerts, and performances to Central Florida's thriving cultural scene. Our real estate agents share their picks for can't-miss events in the upcoming months.

Must-See Theater and Arts Performances in Central Florida

Henry VI, Part 3: The Rise of Richard - Orlando, FL

Address: Lowndes Shakespeare Center, 812 E. Rollins St., Orlando, FL 32802

Henry VI, Part 3: The Rise of Richard brings Shakespeare's famous trilogy to a dramatic conclusion. Action centers on the tragically brutal War of the Roses, driven by the conflict between the royal houses of Lancaster and York, which led to the end of Henry VI's reign. The play is also noteworthy for the introduction of Richard of Gloucester, who became the subject of Shakespeare's later work, Richard III.

The show is part of Orlando Shakes' Signature Series. Dates are 4/1 - 4/19. Visit the website for pricing.

Rent in Concert - Orlando, FL

Address: Walt Disney Theater, Dr. Phillips Center, 445 S. Magnolia Ave., Orlando, FL 32801

One of the more beloved and award-winning musicals in Broadway history comes to the Walt Disney Theater with Rent in Concert. Inspired by the 1895 opera La Bohème, Rent tells the story of a culturally diverse group of neighbors struggling to pursue their art and music in Manhattan's Lower East Side in the late 1980s.

Famous songs featured in Rent in Concert include:

• "Seasons of Love"
• "La Vie Bohème"
• "Take Me or Leave Me"

This event is one day only, scheduled for 3 p.m. on Sunday, 3/15. Tickets start at $98.

A Tribute to Brian Wilson - Jacksonville, FL

Address: Florida Theatre, 128 E. Forsyth St., Suite 300, Jacksonville, FL 32202

As co-founder of the Beach Boys as well as an innovative songwriter and producer, Brian Wilson was highly regarded as a musical genius who received a Lifetime Achievement Grammy Award. Former bandmate Al Jardine brings his Pet Sounds Band to Jacksonville for A Tribute to Brian Wilson.

The evening's songlist includes popular Beach Boys tunes such as:

• "California Girls"
• "Wouldn't It Be Nice"
• "Good Vibrations"

Mark your calendar for 7 p.m. on Sunday, 3/1. Tickets are $59.50 - $92.

Swan Lake - Jacksonville, FL

Address: Jacksonville Center for the Performing Arts, 300 Water St., Jacksonville, FL 32202

Swan Lake, the iconic ballet set to music by Pyotr Ilyich Tchaikovsky, had its debut performance in 1877, yet it remains enchantingly fresh to new generations. The family-friendly production takes place with a backdrop of hand-painted sets and more than 200 custom-designed scenery elements. 

Other upcoming shows in the FSCJ Artist Series include Stayin' Alive: One Night of the Bee Gees (Thursday, 3/5) and Puppy Pals LIVE (Wednesday, 4/1).

Showtime for Swan Lake is 7:30 p.m. on Wednesday, 3/4. Tickets are $30.89 - $102.85.

Whose Live Anyway? - Orlando, FL

Address: Hard Rock Live, 6050 Universal Blvd., Orlando, FL 32819

If laughter is indeed the best medicine, Whose Live Anyway? will cure whatever ails you. Based on Whose Line Is It Anyway?, the long-running TV improv show, top comedians use suggestions from the audience to come up with hilarious skits and songs right on the spot. 

The cast is comprised of skilled veterans from the TV show:

• Ryan Stiles (who also serves as executive producer)
• Greg Proops
• Chip Esten
• Jeff B. Davis

Get ready to laugh beginning at 8 p.m. on Friday, 3/20. Tickets start at $121.

Something's Always Happening in Central Florida

Whatever type of entertainment you prefer, you'll find it around Central Florida. Contact us for experienced help with all your real estate needs.

Many Florida homeowners like to refresh their homes early in the year as they prepare for warmer weather. Simple, budget-friendly updates can improve everyday comfort while also adding appeal for future buyers, and our real estate agents often see these small changes make a big difference at resale. Whether you plan to stay put or may move down the road, you don't need major renovations to boost comfort and value.

Affordable Interior Updates That Make a Big Impact

Refresh Walls With Light, Florida-Friendly Colors

Painting is one of the easiest and most affordable ways to update your home's interior. Light neutral colors and coastal shades reflect sunlight, making rooms feel cooler and more open in Florida's bright weather.

• Choose warm whites, soft blues, or sandy neutrals to brighten living areas
• Focus on high-traffic rooms like living rooms, kitchens, and primary bedrooms
• Use durable, washable finishes to stand up to humidity and everyday wear

A new coat of paint quickly makes a room look modern and attracts many types of buyers.

Update Lighting for Comfort and Efficiency

Good lighting makes your home more comfortable and easier to use, especially if you don't get much natural light.

• Swap outdated fixtures for modern, energy-efficient options
• Add under-cabinet lighting in kitchens for task visibility
• Use warm LED bulbs to create a welcoming atmosphere

Better lighting can make daily life easier and may also help you save on energy bills.

Budget-Friendly Kitchen and Bathroom Improvements

Simple Kitchen Updates With Strong ROI

A full kitchen remodel can be expensive, but even small changes can make a big difference.

• Replace cabinet hardware with modern finishes like brushed nickel or matte black
• Install a new faucet with a pull-down sprayer for added convenience
• Refresh cabinet fronts with paint or peel-and-stick finishes

Simple kitchen updates often make your home more appealing to buyers and don't cost a lot.

Easy Bathroom Refreshes Buyers Notice

Bathrooms make a big impression, and a few easy updates can really improve how they look.

• Upgrade mirrors and lighting to brighten the room
• Re-caulk tubs and showers for a clean, well-maintained look
• Add open shelving for storage and style

These small changes help bathrooms look clean, work well, and feel ready for new owners.

Outdoor Improvements That Enhance Curb Appeal

Simple Ways to Boost Exterior Appeal

First impressions matter, especially in competitive Florida markets.

• Add fresh mulch and native plants that thrive in warm weather
• Power-wash walkways, driveways, and siding
• Upgrade front door hardware or add a bold accent color

Curb appeal sets the tone for the entire home, making it an essential area to prioritize.

Make Outdoor Living Spaces More Comfortable

Outdoor spaces are a major selling point for Florida homes, and enhancing them doesn't have to be expensive.

• Add outdoor rugs and weather-resistant seating
• Install string lights or solar lighting for evening ambiance
• Refresh patios with planters or shade solutions

Comfortable outdoor areas extend usable living space and attract lifestyle-focused buyers.

Energy-Smart Updates That Improve Daily Living

Low-Cost Energy Efficiency Improvements

Florida homeowners benefit greatly from energy-conscious upgrades that help manage cooling costs.

• Seal windows and doors to reduce air leaks
• Install programmable or smart thermostats
• Use ceiling fans to improve airflow and reduce AC use

Energy-efficient homes are increasingly attractive to buyers looking to manage monthly expenses.

Small Updates That Add Long-Term Value

Not every improvement needs to be flashy. Decluttering, updating storage solutions, and maintaining systems all contribute to a home that feels cared for and comfortable. When combined, these smaller projects create a noticeable difference in how a home looks, feels, and performs—key factors that influence buyer perception and property value.

Get Expert Guidance for Your Next Move

Whether you're improving your home for personal enjoyment or preparing for a future sale, thoughtful updates can make a meaningful difference. Our team understands what buyers look for in Florida homes and can help you prioritize upgrades that offer the best ROI. When you're ready to explore your options or take the next step, contact us to learn more about your local market and how to maximize your home's potential.

Fall is a good time to hold an open house, especially in Florida. The weather gets milder and more welcoming. With the right planning, you can make your home noticeable and attract real buyers. Here's what you need to know:

Tips for Getting Ready for Your Fall Open House

• Create Curb Appeal: First impressions matter. Keep your lawn neat. Rake up leaves, trim hedges, and plant seasonal flowers. A few pumpkins or a fall wreath on the front door can make it feel warm and welcoming.
• Clean and Declutter: Before you show your home, clean it well. Take away personal items, extra furniture, and clutter. This makes the space feel bigger and more attractive to buyers.
• Add Fall Decor: Use fall items like cozy blankets, warm-colored pillows, and nice autumn centerpieces. Avoid going too far; just a few touches can make the home feel inviting without being too much for buyers.
• Let in Natural Light: With shorter days, you get less natural light. Open curtains and blinds. Turn on lights in darker areas to keep the home bright and cheerful.
• Set the Temperature: Florida can still feel warm in fall. Make sure your home is at a comfy temperature. If it's cool outside, consider opening windows for fresh air.
• Offer Seasonal Treats: Add to the experience with snacks and drinks for fall, like apple cider, pumpkin muffins, or spiced cookies. It gives a nice feel and can make buyers feel at home.
• Highlight Cozy Features: Show off features like a fireplace, reading nook, or porch. Use extra pillows, blankets, and warm lighting to make these spaces feel extra inviting.
• Use Seasonal Scents: Refresh your home with scents of fall, like cinnamon, apple, or pumpkin spice. Keep it simple; a light scent can feel good without distracting potential buyers.
• Prepare Information Packs: Have flyers ready for visitors. Include details about the house, neighborhood, and local spots. This helps buyers remember key features of your home.

The Role of a Real Estate Agent in Your Fall Open House

Hosting an open house may look easy, but getting ready and doing it well needs skill and knowledge of the market. Our real estate agents can help you make the most of this chance to impress buyers. We understand what buyers want, especially in the fall. We can guide you in getting your home ready to sell.

From giving advice on the best decor to pointing out your property's special features, we make sure that every detail matches today's market trends. Also, we take care of the promotion, follow-up, and coordination. This makes the process easy and stress-free for you.

Contact us to set up your fall open house. Our team is here to help you get ready for a great showing. With our help, buyers will see your house as their future home quickly.

One of the most critical decisions you'll make is choosing the right contractor to bring your vision to life. However, many homeowners fall into common pitfalls during this process, leading to stress, financial strain, and subpar results. 

In this guide, we'll explore seven mistakes to avoid when hiring a contractor to ensure your project runs smoothly from start to finish.

1. SKIPPING THE RESEARCH PHASE

A common mistake homeowners make is rushing into hiring a contractor without proper research. But to ensure the success of your renovation, it's crucial to take time to meet with multiple candidates and educate yourself on best practices surrounding your project.

If you bypass the interview process, you miss the opportunity to evaluate different approaches, pricing, and expertise. This can result in overpaying or hiring someone whose skills and vision do not align with your needs.

Neglecting to research the processes and steps involved can also leave you vulnerable. Not only does it make it more difficult to ask the right questions, but you also risk hiring unqualified professionals or settling for subpar work.

What To Do Instead:

• Educate Yourself — Read up or watch YouTube videos to gain a better understanding of best practices surrounding your project. 

• Interview Multiple Contractors — Search for and interview at least three contractors who specialize in the type of work you need.

• Ask Specific Questions — Inquire about the processes and materials each candidate will utilize.

• Seek Recommendations — Get referrals from trusted sources like friends, neighbors, and real estate professionals. We'd be happy to share a list of referrals!

2. CHOOSING BASED SOLELY ON PRICE

Once you've interviewed candidates and reviewed their proposals, it's time to choose your favorite. But don't make the mistake of rushing to the lowest bid.

While it's natural to want to save money, selecting a contractor based entirely on price can be a costly mistake. Extremely low bids may indicate cut corners, subpar materials, or hidden costs that will surface later.

According to the National Association of the Remodeling Industry, when evaluating bids, make sure you're comparing "apples" to "apples" and considering factors like quality, timeline, and scope.² Are they fully licensed and insured? How long have they been in business? Do they warranty their work?

What To Do Instead:

• Consider Overall Value — In addition to price, look at experience, reputation, and quality of work.

• Ask for Detailed Breakdowns — Understand what's included and what's not in each bid.

• Be Wary of Low Bids – Bids that are significantly lower than others may be too good to be true.

• Invest in Quality — Remember that quality work comes at a fair price, and investing in a reputable contractor can save you money in the long run by avoiding costly mistakes or repairs.

3. NEGLECTING TO CONFIRM CREDENTIALS & INSURANCE

When you've established a good rapport with a contractor, it's natural to want to believe the best in them. But neglecting to check references and verify licensing and insurance could come back to haunt you.³

Hiring an untrained or unlicensed contractor puts you at risk for safety and code violations, not to mention shoddy workmanship. Without proper insurance, you could be left footing the bill for costly repairs, legal issues, or even medical bills if someone gets hurt on the job.⁴ 

Skipping out on a reference check can be equally problematic. It's your best opportunity to ensure that their promises and your expectations line up with reality.

What To Do Instead:

• Verify Licensing and Insurance — Confirm that the contractor is licensed according to local requirements and verify insurance, including general liability and workers' compensation coverage.

• Check Reviews — Read online reviews and confirm that the business is in good standing with the Better Business Bureau and other relevant trade groups.

• Call References — When contacting references, ask questions and request to see photos of the contractor's completed projects.

• Visit Job Sites — If possible, visit a current job site to observe the contractor's work in progress and interaction with clients.

4. PROCEEDING WITHOUT A WRITTEN AGREEMENT

A handshake deal might seem friendly and straightforward, but it's a recipe for misunderstandings and potential legal issues. Verbal agreements are difficult to enforce and leave room for miscommunication about project scope, timelines, and costs.⁵

Instead, you should have a signed contract in place before any work begins.³ Paperwork can be tedious, but don't skip the important step of carefully reading over your contract, asking questions, and pushing back on any terms that make you uncomfortable.

Don't forget to ask for payment receipts and document any change orders or issues that arise throughout the project, as well.

What To Do instead:

• Insist on a Written Contract — Outline all aspects, including scope, materials, timeline, payment schedule, warranty information, and a process for handling change orders.

• Understand and Agree — Don't sign anything until you fully understand and agree to all terms.

• Keep Documentation — Once you've made your final payment, request a lien waiver or receipt marked "Paid in Full" to keep on file for legal and tax purposes.⁶

5. PAYING TOO MUCH UPFRONT

Another common misstep is paying a large sum upfront or the full cost of the project before the work is completed. This can leave you vulnerable if the contractor fails to complete the work or disappears with your money. 

According to the home services platform Angi, deposits typically range between 10% and 33% of the total project cost.⁷ The remaining payments should be tied to progress milestones outlined in your contract. 

Construction attorneys caution against paying a greater share of the project cost than the percentage of the work that's been completed.³ If you end up dissatisfied with the outcome, you'll have much less leverage if you've already paid.

What To Do Instead:

• Be Cautious — Avoid contractors who demand large upfront payments or cash-only deals.

• Establish a Payment Schedule — Tie payments to project milestones and stick to them.

• Pay Only Upon Completion — Never pay in full until the project is completed to your satisfaction and all required inspections have been passed.

6. FAILING TO GET NECESSARY PERMITS

Skipping the permit process might seem like a way to save time and money, but it can lead to serious consequences. Without the proper permits, you risk running afoul of local building codes and regulations, which could result in fines, forced removal of work, or even legal action.⁸ 

Additionally, unpermitted work might compromise the safety and structural integrity of your home, potentially leading to hazardous conditions or diminished resale potential. Homeowners may also find themselves without recourse if issues arise later, as insurance companies often exclude coverage for unpermitted renovations.⁸ 

If your community has a homeowners association (HOA), don't forget to check their requirements, as well. You may need prior approval to make modifications to your home or yard. HOAs have the power to enforce these restrictions with fines, and they can even put a lien on your home—so don't skip this important step.⁹

What To Do Instead:

• Discuss Permits — Talk about permits and HOA requirements with your contractor before work begins.

• Include Permits in the Contract — Ensure that obtaining necessary permits and approvals is part of your contract.

• Verify Inspections — Make sure all required inspections are completed during the project.

• Keep Records — Keep copies of all permits, HOA approvals, and inspection reports for your records.

7. IGNORING RED FLAGS AFTER THE PROJECT HAS STARTED

Sometimes a contractor can check all the right boxes—until the work begins. Unfortunately, red flags that are spotted mid-project can be especially challenging to address.

If you've already paid a substantial amount or had a portion of your home demolished, you may feel trapped in a bad situation. However, if there are major problems that the contractor is unwilling to address, ignoring them can make things exponentially worse.

Don't be afraid to seek legal or professional advice if issues persist. Taking immediate, informed, and decisive action is crucial to safeguarding your investment and ensuring the project's ultimate success.¹⁰

What To Do Instead:

• Review Your Contract — Make sure you thoroughly understand your rights and the agreed-upon terms.

• Document Issues — Keep detailed records, including dates, descriptions of problems, photographs of subpar work or materials, and any communications with the contractor.

• Communicate Professionally — Arrange a meeting to discuss your concerns, ensuring you remain calm and professional while clearly expressing your expectations.

• Request a Resolution Plan — Ask for a plan to address the issues, set a timeline for resolution, and put everything in writing to ensure you're both on the same page.

• Seek Advice — If the contractor is uncooperative or dismissive, consider seeking advice from a legal professional. You could also contact your local licensing board or consumer protection agency for guidance.

BOTTOMLINE

Hiring the right contractor is crucial to the success of your home improvement project. By avoiding these common mistakes, you can significantly increase your chances of a smooth and successful renovation experience. 

Remember, taking the time to thoroughly vet contractors, communicate clearly, and plan carefully will pay off in the long run. Your home is likely your most significant investment, and it deserves the care and attention that comes with making informed, thoughtful decisions about who works on it.

If you'd like help finding a contractor or want to know how planned improvements could impact your home's resale potential, reach out for a free consultation!

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1. USA Today -
   https://www.usatoday.com/money/homefront/moving/home-renovation-statistics/
2. National Association of the Remodeling Industry -
   https://remodelingdoneright.nari.org/Homeowner-Resources/Questions-to-ask/How-to-select-a-remodeler
3. The Washington Post -
   https://www.washingtonpost.com/home/2024/07/08/how-to-find-good-honest-contractor/
4. MarketWatch -
   https://www.marketwatch.com/guides/insurance-services/home-insurance-during-renovations/
5. LegalZoom -
   https://www.legalzoom.com/articles/oral-contracts-do-they-carry-any-weight
6. Better Business Bureau -
   https://www.bbb.org/all/home-improvement/your-home-improvement-contract
7. Angi -
   https://www.angi.com/articles/how-much-should-i-pay-general-contractor-prior-starting-job.htm
8. Bob Vila -
   https://www.bobvila.com/articles/remodel-without-permit/
9. Bankrate -
   https://www.bankrate.com/real-estate/hoa-homeowners-association-rules/
10. Angi -
    https://www.angi.com/articles/how-complain-contractors-effectively.htm

1. Bankrate - https://www.bankrate.com/mortgages/home-affordability-report/
2. Bankrate - https://www.bankrate.com/real-estate/what-credit-score-do-you-need-to-buy-a-house/
3. U.S. News & World Report - https://money.usnews.com/loans/mortgages/va-loans
4. Newsweek - https://www.newsweek.com/vault/mortgages/bank-vs-credit-union-for-mortgages/
5. Bloomberg - https://www.bloomberg.com/news/articles/2024-05-17/how-much-income-do-you-spend-budget-for-home-mortgage-in-us
6. NerdWallet - https://www.nerdwallet.com/article/mortgages/debt-income-ratio-mortgage
7. Bankrate - https://www.bankrate.com/mortgages/why-debt-to-income-matters-in-mortgages/
8. Bankrate - https://www.bankrate.com/mortgages/how-interest-rates-are-set/
9. National Association of Realtors - https://www.nar.realtor/sites/default/files/documents/2023-home-buyers-and-sellers-generational-trends-report-03-28-2023.pdf
10. Bankrate - https://www.bankrate.com/mortgages/self-employed-how-to-get-a-mortgage/
11. Bankrate - https://www.bankrate.com/mortgages/no-down-payment-mortgage/
12. CFPB - https://www.consumerfinance.gov/ask-cfpb/what-is-mortgage-insurance-and-how-does-it-work-en-1953/
13. Bankrate - https://www.bankrate.com/mortgages/basics-of-private-mortgage-insurance-pmi/
14. MPA Magazine - https://www.mpamag.com/us/mortgage-industry/guides/the-7-most-popular-types-of-mortgage-loans-for-home-buyers/255499
15. Investopedia - https://www.investopedia.com/articles/personal-finance/042015/comparison-30year-vs-15year-mortgage.asp
16. NerdWallet - https://www.nerdwallet.com/article/mortgages/adjustable-rate-mortgage-arm
17. Federal Reserve Bank of St. Louis - https://www.stlouisfed.org/on-the-economy/2024/feb/which-households-prefer-arms-fixed-rate-mortgages
18. LendingTree - https://www.lendingtree.com/home/mortgage/shopping-around-survey/

Most new homebuyers don't regret becoming homeowners. In fact, according to a survey by LendingTree, 80% of recent buyers who successfully overcame a challenging housing market say they're glad they found their current homes.¹ But that doesn't mean newly-minted homeowners don't have any regrets about their buying choices. 

On the contrary, research shows that even the most-satisfied homeowners would change some aspects of their home purchase if given the opportunity. According to a recent survey by Anytime Estimate, nearly 3 out of 4 buyers who purchased a home in 2021 or 2022 still have a few regrets.² 

Some question their decision to move to a neighborhood they still don't love. Others wish they had been less picky about where they lived so they could have paid less. Many are afraid they overspent or think they sacrificed too much in their rush to buy a home. 

Here are some of the most common homebuyer regrets we see, along with our professional advice on how to avoid them.

REGRET #1: Spending More Than Necessary 

No one wants to overpay for their new home purchase (and, luckily, with the right guidance, doing so is avoidable). But even if you've secured a winning purchase price, there are still plenty of ways to accidentally overspend. 

One of the most common ways to overpay? Choose the wrong mortgage. In fact, in today's higher-rate environment, this can be one of the riskiest mistakes a new buyer can make. 

According to a recent survey, for example, nearly three-quarters of homebuyers leave money on the table by not bothering to shop around for the best rate.³ And research by LendingTree suggests that buyers in major metro areas lose an average of $63,151 over the life of their loan just by picking the first mortgage they're offered.⁴

Lesson Learned:  As long as you stick to what you can afford, buying a home can be a boon for your financial health. The longer you live in it, for example, the more your home is likely to appreciate in value and boost your long-term savings. 

But to get the most value from your purchase, it's worth your time to compare financing options and shop around for the best deal. We also recommend getting a mortgage pre-approval before you start your home search so you know what's within reach. We can refer you to one of our trusted lending partners for help.

REGRET #2: Rushing Into a Home Purchase

In a competitive housing market, it's often necessary to act fast to secure a home. But don't let a need for speed tempt you into making an offer before you've thought through or fully vetted a new property.   

Rushing into a home purchase isn't just risky, it's also one of the most commonly cited sources of homebuyer regret. According to Anytime Estimate, for example, more than 1 in 4 homebuyers felt remorse over how quickly they sped through the home buying process.² 

Getting swept away by your emotions can also lead to buyer's remorse. If you've found a home you love and are competing with other buyers, it can be tempting to overlook key details or bid more than you can afford. That's one reason it helps to have a skilled professional by your side to calmly guide you through the process and ensure you act with reason, rather than emotion.

Lesson Learned:  Buying a home is exciting. But if you don't keep your emotions in check or act too impulsively, you could make poor choices in the moment that are hard to undo later. 

To avoid making last-minute decisions that could backfire, know what you want, what you need, and what you can afford before you start your home search. We can help you set priorities so you'll be able to move forward with confidence when the time is right.

REGRET #3: Miscalculating the Costs of Homeownership

Though real estate is a great long-term investment, it can be pricey in the short-term, often surprising homeowners who aren't prepared for it. According to some estimates, for example, annual maintenance could cost as much as 1% or more of your home's purchase price.⁵ Some buyers also forget to factor in additional ownership expenses, such as property taxes, insurance, and repairs.

Failing to think through the costs of homeownership is one of the most common sources of homebuyer regret. According to Anytime Estimate, for example, nearly half of the homebuyers who regret their purchase said they underestimated how much they would spend to live in it.²

However, some homes cost more to live in and maintain than others. So even if you're certain that you can afford the average cost of homeownership, that doesn't necessarily mean that every home in your price range will fit neatly into your budget. For example, very old homes with unique maintenance requirements could be extra pricey to keep up. Similarly, homes with high HOA or condo fees could also eat into your monthly budget. 

Lesson Learned:  A home should help you build your wealth, not drain it. So it's important to factor in all the potential costs of living in a home—not just obvious ones like your mortgage payment and taxes. To ensure you don't get overextended, add up your estimated maintenance and repair costs, as well as any miscellaneous expenses that are unique to a particular home. 

We can help you with these estimates—and, if needed, present you with some less-costly alternatives.

REGRET #4: Underestimating the Time Required To Maintain or Renovate a Home

One of the most joyful aspects of homeownership is getting to relax in a home that's all your own. But if a home is too high maintenance, then you may not have time to savor it. 

Many homeowners love to spend their weekends puttering in their gardens or undertaking home improvement projects. But if that's not you, then you may not like living in a home with a big yard or with high-maintenance features, like a pool.

According to a survey by Hippo, for example, 47% of homeowners who feel some regret about their home purchase complain that too much maintenance and upkeep is required.⁶ 

Similarly, buyers who purchase fixer-uppers are often surprised by how much time it takes to rehab their new homes. Although buying a fixer-upper is a great way to save on the purchase price, you could come to resent it if it eats up all your free time.

Lesson Learned:  Renovation and maintenance projects are often time-consuming and stressful. So beware of committing to a property that requires too much of your attention if you don't have the time or patience for it. With that said, home improvement projects can also bring a lot of joy and satisfaction to owners who like rolling up their sleeves.

We can talk through the realities of homeownership with you and help you choose a property that will fit your personality and schedule.

REGRET #5: Ignoring or Skipping a Home Inspection

It's easy to get swept up in the excitement of buying a home. Sometimes, buyers will agree to skip a home inspection to sweeten their offer in a competitive market. They may also be tempted to pinch pennies since they're already facing a large outlay. However, if you skip out on a home inspection, you could come to regret it.

When you hire a home inspector, you get a professional, in-depth examination of the property's structures and systems before you buy it. It's a worthwhile investment that can save you money in the long run, either by warning you away from a bad purchase or by providing a list of deficiencies you can use to negotiate with the sellers. 

But even the most thorough home inspection isn't going to be worth much if you don't take the time to carefully consider it. If at all possible, make sure you're on-site during the inspection so you can observe and ask questions. And don't forget to re-evaluate any repairs that the seller agrees to make to ensure they've been properly completed prior to closing.

Lesson Learned:  A home inspection can reduce your risk and save you money in the long run. But to maximize its effectiveness, you will need to be an active participant in the process.

We'd be happy to share a list of experienced and trustworthy home inspectors in our area. And when the inspection report is complete, we can help you decide if the purchase is worthwhile and negotiate any relevant seller concessions and repairs.

REGRET #6: Choosing a Home That Doesn't Fit 

Homeownership is often a better investment if you're willing to stay put for at least five years.⁷ But if your newly purchased home isn't a good fit, then you may not want to stick around that long. 

Many homeowner complaints come down to simple lifestyle issues: Although a mismatch may seem small at first, the problems can magnify if you make so many compromises that they interfere with your quality of life.

Or, sometimes homebuyers can fall in love with a beautiful home and forget about practicalities. For example, a stunning kitchen can't replace a needed bedroom or bathroom. And a sparkling pool may sit empty if the home requires a lengthy commute to your office.

Make sure you set some guardrails during your home purchase so you don't over-compromise or accidentally prioritize your wants over your needs.

Lesson Learned:  When you're dealing with limited inventory or a fixed budget, it may be necessary to sacrifice some items on your home wish list. But if you fail to secure your must-haves, you could come to regret your home choice.

We can help you avoid an ill-fitting home purchase by working with you to set (and stick to) priorities and parameters before you begin your search. 

REGRET #7: Purchasing Without Professional Help

Another path to homebuyer regret? Foregoing the expert guidance and market insight that you can only get from a licensed real estate agent.

Buying a home without professional representation can be extremely risky. Therefore, it's no surprise that 86% of buyers enlist the help of an agent when purchasing a home. And the vast majority find their assistance to be invaluable: 89% say they would use their agent again or recommend them to others.⁸

Real estate is hyperlocal and extremely fluid—especially these days when the market is in constant flux. So it pays to have a knowledgeable expert by your side who can guide you through an often-complicated process. 

We can help you avoid expensive mistakes that could lead to buyer's remorse, all while making your home purchase as seamless and stress-free as possible. And since the home seller typically pays our commission, there's no added expense for you!

Lesson Learned:  When you work with a real estate agent, you benefit from a wealth of expertise and on-the-ground insight that you can't get anywhere else. We'll help you steer clear of the missteps that so many homebuyers make, so you can focus on enjoying your new home instead of questioning your choices down the road.

The best part? Since the majority of home sellers pay us a commission at closing, in most cases, we offer our invaluable guidance and assistance at no additional cost to you!

BOTTOMLINE

No one wants to look back on their home purchase and realize they made a big mistake. We can help you avoid the pitfalls so you can buy with confidence. To learn more about how we work to ensure our clients' satisfaction, reach out today to schedule a free consultation.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1. LendingTree -
   https://www.lendingtree.com/home/mortgage/homebuying-process-survey/
2. Anytime Estimate -
   https://anytimeestimate.com/research/american-home-buyers-2022/ 
3. Zillow Home Loans - https://zillow.mediaroom.com/2022-11-18-Prospective-home-buyers-spend-about-as-much-time-researching-new-TVs-as-they-do-mortgage-lenders 
4. LendingTree -
   https://www.lendingtree.com/home/mortgage/mortgage-shopping-study/
5. CNBC -
   https://www.cnbc.com/2022/05/01/survey-majority-of-homeowners-have-regrets.html
6. Hippo - https://www.hippo.com/blog/2022-hippo-housepower-report-how-homeowners-are-responding-essential-maintenance-during
7. Realtor.com -
   https://www.realtor.com/advice/sell/how-soon-can-you-sell-a-house-after-buying/ 
8. National Association of Realtors - https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers#homebuyers

If that's you, don't panic! We've outlined the top five reasons a home doesn't sell—and action steps you can take to overcome each of these issues.

Not sure why your property didn't sell? If you're not already working with an agent or your listing has expired or been withdrawn, give us a call! We'd be happy to offer a free, no-obligation assessment and create an action plan to get your home SOLD.

This marketing piece is not intended as a solicitation for properties currently in an exclusive agreement with another Broker.

1. BAD TIMING

If your home didn't sell after several months on the market, timing could've been a factor. Markets are driven by the law of supply and demand, and real estate is no exception.

When there are a lot of people who want to buy homes (demand) and a shortage of inventory (supply), it's considered a seller's market. During a seller's market, listings tend to get snapped up quickly. In a buyer's market, however, there are more homes for sale than active buyers. This can cause homes to sell for less money and to sit on the market for a longer period of time before receiving an offer.

What causes the shift between a seller's market and a buyer's market? Economic factors like interest rates, affordability, domestic growth, and the unemployment rate can all impact buyer demand. Over the past year, for example, higher mortgage rates have not only made it harder for some borrowers to qualify for a home loan, they have also sharply pushed up homebuyers' anticipated monthly payments.¹ So even if a buyer was interested in your home, they may have passed on it if they couldn't qualify for a mortgage at your asking price.

Seasonal factors like weather, holidays, and school schedules can also increase or dampen the activity and motivation of buyers. Additionally, unexpected events, such as a natural disaster or a stock market crash, can cause some buyers to put their purchasing plans on hold until conditions normalize.

Now What?

If timing does appear to be a factor, it may be advisable to delay relisting your property. Of course, that's not feasible (or desirable) for every seller.

In most cases, buyers can be motivated to act with a combination of improvements, incentives, and pricing. Where there's a will to sell, there's usually a way. Fortunately for sellers, people will always need a place to live, and there will be a percentage of the population that is motivated to buy quickly.

If you suspect timing played a role in your inability to sell, consult with a knowledgeable real estate agent. We're in the field every day and have access to the latest market data. We can estimate how long a home like yours should take to sell given current market conditions and help ensure that your asking price is competitive.

1. INEFFECTIVE MARKETING

Did your home get a steady stream of showings when it was on the market? If not, you may need to try a new promotional strategy.

Take a look at the listing description. Did it entice buyers to visit your property? A well-written description should be clear and compelling while highlighting your home's most desirable features. Additionally, it should have utilized best practices for search engine optimization (SEO) to ensure that it was found by buyers who were looking for homes online.

And how well did the listing photos showcase your property? Many buyers use photos of a home to decide whether or not to visit it in person. In fact, 85% of buyers who browse online find photos "very useful" in their home search.² Poor quality or a low quantity of listing photos could have kept potential buyers from stepping through your door.

Another factor to consider is whether your listing reached the right audience. This can be especially important if you have a unique or highly-customized home. The Multiple Listing Service is a great place to start, but some properties require a more robust marketing approach.

Now What?

If you suspect ineffective marketing, consider turning to a skilled professional with a proven approach. We employ a strategic Property Marketing Plan that uses the latest technologies to seed the marketplace, optimize for search engine placement, and position your home for the best possible impression right out of the gate.

For example, we know what buyers in this market want and can craft a persuasive description to pique their interest. And since good listing photos are so crucial, we work with the top local photographers to ensure each shot is staged to your home's advantage.

We also know how to get your listing in front of the right audience—one that will appreciate its unique features. By utilizing online and social marketing platforms to connect with consumers and offline channels to connect with local real estate agents, your property gets maximum exposure to your target market.

Want to learn more about our multi-step marketing strategy? Reach out for a copy of our complete Property Marketing Plan.

1. POOR IMPRESSION

If your property received a lot of foot traffic but no offers, you may need to examine the impression you made on buyers who visited your property.

Start with your home's structure and systems. Are there large cracks in the foundation? How about doors and windows that don't properly close? Are there water stains on the walls or ceiling that could signal a leak? These can be major "red flags" that scare away buyers.

Next, examine your curb appeal. Does the yard need mowing or do the hedges need trimming? Are there oil stains on the driveway? Any peeling paint or rotted siding? If your home's exterior looks neglected, buyers may assume the entire house has been poorly maintained.

Now move on to the interior of your home. Is it clean? Is there a noticeable odor? Have you taken the time to depersonalize and declutter each room? Buyers need to be able to picture their items in your home, but that's difficult to do amongst your family photos and personal collections. And oversized furniture and packed closets can make a space seem small and cramped.

Now What?

When we take on a new listing, we always walk through it with the homeowner and point out any repairs, updates, or decluttering that should be done to maximize its sales potential. We also share tips on how to prep the property before each showing.

In some cases, we will recommend that you utilize staging techniques to highlight your home's best features and help buyers envision themselves living in the space. Home staging is one of the hottest trends in real estate—because it works! According to the Real Estate Staging Association, professionally-staged homes sell, on average, 9 days faster and for $40,000 over list price.³ In addition, the National Association of Realtors suggests that staging can help push up your final sale price by as much as 20%.⁴

Some sellers choose to hire a professional home stager, while others opt to do it themselves, using guidance from their agent. We can help you determine the appropriate budget and effort required to get your home sold.

1. PRICE IS TOO HIGH

Many homeowners are reluctant to drop their listing price. But the reality is, buyers may not seriously consider your property if they think your home is overpriced.

Attitudes have changed since the Federal Reserve started hiking interest rates. Many of today's homebuyers are no longer willing or able to pay as high a price on a new home as they might have when borrowing costs were lower.⁵ If your home's original asking price was set using sales data from the market's peak, then you may need to rethink your pricing strategy.

Economic factors aren't the only reasons, though, why a home's asking price might not match its market value. Pricing a home can be tricky, regardless of the economic climate, because so many factors can impact how much buyers are willing to pay. For example, unique, highly customized, and luxury properties are particularly difficult to price because there aren't a lot of comparable homes with which to compare them.

Regardless, if your home sat on the market for months without an offer, then chances are good that your asking price needs to be reevaluated.

Now What?

If you aren't in a rush to sell your home, adjustments to timing or marketing may bring in a new pool of potential buyers. And repairs, upgrades, and staging can increase the perceived value of your home, which may be enough to bring a buyer to the table at your original list price.

However, if you need to sell quickly, or you've already exhausted those options, a price reduction may be necessary to get your home the attention it needs to sell.

We are local market experts and have access to the latest market data and comparable sales in your neighborhood. We can help you determine a realistic asking price for your home given today's market conditions. Just reach out for a free home value assessment!

1. YOU HIRED THE WRONG AGENT (OR WORSE, NO AGENT AT ALL)

If you suspect that your previous real estate agent didn't do enough—or used the wrong approach—to sell your home, you're not alone. Many sellers whose listings languish until they expire or are withdrawn feel this way.

While most agents have the best of intentions, not all of them have the skills, experience, instincts, or local market expertise to devise a winning sales strategy in this challenging market.

Or, perhaps you chose not to hire a listing agent at all and have been trying to sell your home yourself. This can be an equally frustrating endeavor.

Although selling your home independently can help cut some costs, it can also be extremely risky and may even lose you money in the long run. For example, research by the National Association of Realtors suggests that For Sale By Owner (or FSBO) homes tend to sell for less than homes represented by a professional. In 2021, for example, the average FSBO home sold for $105,000 less than the average home sold with the assistance of an agent.⁶

Now What?

If either of those scenarios sounds familiar, you need to ask yourself: "Would I still be interested in selling my home if I could get the right offer?"

If so, we should talk. We understand how frustrating it can be when you've put a lot of time, money, and effort into prepping your property for the market and it doesn't sell. We also empathize with how disruptive a delayed home sale can be to your life.

By now, don't you owe yourself more than the status quo when it comes to your real estate representation? Our multi-step Property Marketing Plan can help you sell your home for the most money possible, and in the process reconnect you with the excitement you originally felt upon first listing. It's time for a new agent, new marketing, new buyers, and most of all… new possibilities.

READY TO MAKE A MOVE?

Let's talk. We can help you figure out why your home didn't sell and how to revise your sales strategy and set your home up for success.

The housing market has experienced a shift and the waters may be choppier than usual for a while. But there's still plenty of opportunity in the current market: You just need a guide who knows where to look and how to find it.

This marketing piece is not intended as a solicitation for properties currently in an exclusive agreement with another Broker. The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1. New York Times -
   https://www.nytimes.com/2022/12/30/realestate/housing-market-prices-interest-rates.html
2. National Association of Realtors - https://store.realtor/2022-nar-profile-of-home-buyers-and-sellers-download/
3. Real Estate Staging Association - https://www.realestatestagingassociation.com/content.aspx?page_id=22&club_id=304550&module_id=164548
4. National Association of Realtors - https://www.nar.realtor/blogs/styled-staged-sold/why-staging-matters-even-in-a-sellers-market
5. Marketplace -
   https://www.marketplace.org/2023/01/26/housing-slump-may-have-bottomed-out/

National Association of Realtors -
https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics

In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.¹ And while some market sectors have been slow to respond, the housing market has reacted accordingly.

Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.

So what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While this is one of the more challenging real estate periods to forecast, here's what several industry experts predict will happen to the U.S. housing market in the coming year.

MORTGAGE RATES WILL FLUCTUATE LESS

In 2022, 30-year fixed mortgage rates surged from roughly 3% in January to around 7%. According to Rick Sharga of real estate data company ATTOM, "We've never seen rates double in so short a period."²

This year, economists forecast a less dramatic shift.

In an interview with Bankrate, Nadia Evangelou, senior economist for the National Association of Realtors, shares her vision of three possible mortgage rate scenarios:³

1. Inflation continues to surge, forcing the Fed to repeatedly raise interest rates. In that scenario, she predicts that rates could reach as high as 8.5%.
2. Inflation decelerates and mortgage rates follow suit, averaging 7 to 7.5% for the year.
3. Rising interest rates trigger a recession, which could ultimately lead mortgage rates to drop closer to 5% by the end of the year.

Realtor.com forecasts something similar to scenario #2 above: "Mortgage rates will average 7.4% in 2023, trickling down to 7.1% by year's end."⁴ The Mortgage Bankers Association, however, projects something closer to Evangelou's scenario #3, with the 30-year fixed rate declining steadily throughout the year, averaging 6.2% in Q1 and 5.2% by Q4.⁵

Economists at Fannie Mae fall somewhere in the middle. In a recent press release, they predicted that the U.S. economy will experience a "modest recession" this year.⁶ But in their December Housing Forecast, they project that 30-year fixed mortgage rates will only fall by half a point from an average of 6.5% in Q1 to 6.0% in Q4.⁷

"From our perspective, the good news is that demographics remain favorable for housing, so the sector appears well-positioned to help lead the economy out of what we expect will be a brief recession," said Fannie Mae Chief Economist Doug Duncan.⁶

What does it mean for you?  Even the experts can't say for certain where mortgage rates are headed. Instead of trying to "time the market," focus instead on buying or selling a home when the time is right for you. There are a variety of mortgage options available that can make a home purchase more affordable, including adjustable rates, points, and buydowns—and keep in mind you can always refinance down the road. We'd be happy to refer you to a trusted mortgage professional who can outline your best options.

SALES VOLUME WILL FALL AND INVENTORY WILL RISE

It looks like the home-buying frenzy we experienced in recent years is behind us. While the desire to own a home remains strong, higher mortgage rates have made it unaffordable for a large segment of would-be buyers.

Many economists expect the number of home sales to continue to decline this year, leading to an increase in listing inventory and days-on-market, or the time it takes to sell a home. But, there is a wide range when it comes to specifics.

Economists at Fannie Mae forecast that total home sales will fall by around 20% this year before rising again by nearly 15% in 2024.⁷ National Association of Realtors Chief Economist Lawrence Yun projects a less extreme dip of 7% in 2023 with a rebound of 10% next year.⁸

Realtor.com Chief Economist Danielle Hale foresees something in between. "The deceleration in home sales is likely to continue as high home prices and mortgage rates limit the pool of eligible home buyers. We anticipate that existing home sales will decline another 14.1% in 2023." She expects this drop in sales to lead to a nearly 23% increase in inventory levels this year, offering more choices for buyers who have struggled to find a home in the past.⁹

However, given the severe lack of housing supply, even with a double-digit increase, the market is expected to remain relatively tight and below pre-pandemic levels. Hale points out: "It's important to keep historical context in mind. The level of inventory in 2023 is expected to fall roughly 15% short of the 2019 average."⁹

What does it mean for you?  If you've been frustrated by a lack of inventory in the past, 2023 may bring new opportunities for you to find the perfect home. And today's buyers have more negotiating power than they've had in years. Contact us to find out about current and future listings that meet your criteria.

If you're hoping to sell, you may want to act fast; rising inventory levels will mean increased competition. We can help you chart the best course to maximize your profits, starting with a professional assessment of your home's current market value. Reach out to schedule a free consultation.

HOME PRICES WILL REMAIN RELATIVELY STABLE

While some economists expect home prices to fall this year, many expect them to remain fairly stable. "For most parts of the country, home prices are holding steady since available inventory is extremely low," said Yun at a November conference.⁸

Nationally, Yun expects the average median home price to tick up by 1% in 2023, with some markets experiencing greater appreciation and others experiencing declines.⁸ Economists at Fannie Mae offer a similar projection, forecasting a slight decrease in their Home Price Index of about 1.5%, year-over-year.⁷

Other experts foresee a larger fluctuation. Hale expects U.S. home prices to rise by 5.4% this year, while Morgan Stanley is forecasting a 7% drop from the peak in June 2022.^9,10

Still, many economists agree that a housing market crash like the one we experienced in 2008 is highly unlikely. The factors that caused home prices to plunge during the Great Recession—specifically lax lending standards and a surplus of inventory—aren't prevalent in our current market.¹⁰ Therefore, home values are expected to remain comparatively stable.

What does it mean for you?  It can feel scary to buy a home when there's uncertainty in the market. However, real estate is a long-term investment that has been shown to appreciate over time. And keep in mind that the best bargains are often found in a slower market, like the one we're experiencing right now. Contact us to discuss your goals and budget. We can help you make an informed decision about the right time to buy.

And if you're planning to sell this year, you'll want to chart your path carefully to maximize your profits. Contact us for recommendations and to find out what your home could sell for in today's market.

RENT PRICES WILL CONTINUE TO CLIMB

Affordability challenges for would-be buyers, inflationary pressures, and an overall lack of housing could continue to drive "above-average" rent price increases in much of the country.¹¹ The Federal Reserve Bank of Dallas expects year-over-year rental price growth to tick up to 8.4% in May before moderating later in the year.¹²

According to Hale, "U.S. renters will continue to face challenges from limited supply and excess demand in the coming year that will keep upward pressure on rent growth. At a national level, we forecast rent growth of 6.3% in the next 12 months, somewhat ahead of home price growth and historical rent trends."⁹

However, there are signs that the surge in rent prices could be tapering. According to Jay Parsons, head of economics for rental housing software company RealPage, there's some evidence of a slowdown in demand. He predicts that market-rate rents will rise just 3.3% this year. Still, analysts agree that a return to lower pre-pandemic rental prices is unlikely.¹⁰

What does it mean for you?  Rent prices are expected to keep climbing. But you can lock in a set mortgage payment and build long-term wealth by putting that money toward a home purchase instead. Reach out for a free consultation to discuss your options.

And if you've ever thought about purchasing a rental property, now may be a perfect time. Call today to get your investment property search started.

WE'RE HERE TO GUIDE YOU

While national real estate forecasts can provide a "big picture" outlook, real estate is local. And as local market experts, we can guide you through the ins and outs of our market and the issues most likely to impact sales and drive home values in your particular neighborhood.

If you're considering buying or selling a home in 2023, contact us now to schedule a free consultation. We'll work with you to develop an action plan to meet your real estate goals this year.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1. Forbes -
   https://www.forbes.com/advisor/investing/fed-funds-rate-history/
2. Bankrate -
   https://www.bankrate.com/mortgages/will-mortgage-rates-go-up-in-december-2022/
3. Bankrate -
   https://www.bankrate.com/real-estate/housing-market-predictions-2023/
4. com -
   https://www.realtor.com/news/trends/2023-the-year-of-the-homebuyer-our-bold-predictions-on-home-prices-mortgage-rates-and-more/
5. Mortgage Bankers Association -
   https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf?sfvrsn=b584bf7_1
6. Fannie Mae -
   https://www.fanniemae.com/newsroom/fannie-mae-news/economy-still-expected-enter-and-exit-modest-recession-2023
7. Fannie Mae -
   https://www.fanniemae.com/media/45801/display
8. National Association of Realtors -
   https://www.nar.realtor/newsroom/nars-lawrence-yun-predicts-us-home-prices-wont-experience-major-decline-could-possibly-rise-slightly
9. com -
   https://www.realtor.com/research/2023-national-housing-forecast/
10. The New York Times -
    https://www.nytimes.com/2022/11/04/realestate/housing-market-interest-rates.html
11. CNBC -
    https://www.cnbc.com/2022/09/28/how-much-higher-rent-will-go-in-2023-according-to-experts.html
12. Federal Reserve Bank of Dallas -
    https://www.dallasfed.org/research/economics/2022/0816

In order to drive buyer interest and offers, you'll need to put in the effort to ensure your home makes a lasting impression. Our real estate agents always say cleaning is the single most important thing you can do in the days and weeks leading to an open house. And we don't mean tidying up. You'll likely need to clean like you've never cleaned before. If you're preparing for an open house, we prepared a quick list of areas many homeowners miss during the cleaning process:

• Start From The Top
  When preparing for an open house, every single surface in the house must be cleaned. Because we tend to focus on what's at eye level, it can be helpful to start at the top of the room to ensure you don't miss any fixtures. Ceiling fans, the top of window fixtures, and picture frames are often missed. Once you've cleaned the top of the room, start working your way down.
  
  
• Don't Forget Your Baseboards
  Because of their position on the floor and near vents, baseboards are great at accumulating dirt, dust, and pet hair. And it's easy to miss! We generally recommend giving your baseboards a good scrub when cleaning the floors. This will help cut down on hidden pet odors as well! 
  
  
• Give Your Garbage Disposal Some Attention
  When was the last time you cleaned your garbage disposal? Chances are you've overlooked cleaning this appliance for some time. If it's been a while, it may even have an odor. We recommend a half-cup of baking soda, one cup of white vinegar, and a chopped citrus peel. Allow the mixture to sit for about 10 minutes before turning on the water and running the disposal.
  
  
• Wipe Out The Bottoms Of Your Kitchen Cabinets
  Remember, buyers will be opening every cupboard door in your kitchen, so ensure everything is tidy. Take the time to wipe out the bottoms of each cabinet. Get rid of any food stains or spilled spices and seasonings that may have accumulated over the years. 
  
  
• Make Your Faucets Sparkle
  To help your kitchen and bathroom look as clean as possible, use a bit of baby oil when wiping down stainless steel sinks and faucets. You'll be surprised at how much it will make them shine and sparkle.
  
  
• Clean The Coffee Pot 
  It's easy to turn a blind eye to the condition of appliances we use daily, but if your coffee pot is looking nasty, you'll definitely want to store it away or, at the very least, wipe it down. The appliance should only be on display if it complements the aesthetic beauty of your counter space.

Cleaning for an open house is a big project, but it's definitely achievable throughout the weekend. Contact us today for more tips on preparing your home for the market. Our team is ready to help you list your home or help you find local open houses to attend if you're looking to buy this year.

Updating your bathroom vanity can instantly give your entire bathroom a new look that reflects your sense of style. From using paint to switching out the countertop, you can transform the entire room without breaking the bank. Whether you're planning to stay in your current home for a while and would like an update or are selling in the near future and want your home to sell as quickly and for as much as possible, a vanity makeover can help.

Our real estate agents suggest the following inexpensive bathroom vanity updates:

• Create a Weathered Look
  You can create an appealing weathered gray look for your vanity quickly and easily. You'll need just four materials - chalk paint, chalk paint wax, a wax brush, and a dry lint-free rag - to achieve the look. First, apply two coats of the chalk paint to your vanity and wait for the paint to dry after each coat. Then rub the chalk paint wax on in small sections and use the wax brush to work it into crevices and grooves. Any excess can be then wiped away with a rag, and you'll have transformed your bathroom vanity with just a couple of hours of work and a few supplies.
  
  
• Use Stencils or Wallpaper
  In addition to a coat of paint, you can easily transform your bathroom vanity by adding painted stencils for more color and personality. Add two coats of paint to your bathroom vanity, letting each coat dry. Then choose some stencils in a pattern you like and use them to paint a design on your vanity to give it an extra pop. Stencils are particularly budget-friendly since not only are they inexpensive, but you can also reuse them on other projects, including furniture, fabric, and walls.
  
  
• Swap in Some New Hardware
  Adding new hardware is an inexpensive DIY upgrade for all types of cabinets and furniture, and the bathroom vanity is no different. Brushed brass or sleek chrome are often good choices for vanity knobs and drawer pulls, and you'll also want to look at matching them with other bathroom hardware updates, such as the toilet paper holder and towel racks.
  
  
• Update Your Countertop
  If your vanity countertop looks dated or simply doesn't add anything positive to your bathroom's appearance, consider swapping it out for a new one. Granite, quartz, and marble are popular options that are attractive and long-lasting. Or, for a more inexpensive option, use a spray paint like Krylon Make It Stone to give your existing bathroom vanity countertop a fresher, more modern look.
  
  
• Create a Mesh Tile Countertop
  Covering the top of your vanity with mesh tile squares can achieve a dramatic change in appearance. They come in a wide variety of textures, colors, and styles, so they can be used to achieve a wide variety of different looks. 

Contact us for help with your buying and selling needs throughout Florida and southeastern Georgia. And if you're interested in selling your home, we can recommend inexpensive updates and improvements that will help make your home more marketable. 

If you're planning on buying a Florida home or upgrading to a different Florida property, you'll find that there are a lot of architectural styles to choose from. Our real estate agents understand that having so many options can feel overwhelming, especially if you aren't sure exactly what you're searching for in a home.

We recommend learning about the different architectural options so that you feel more comfortable when you're shopping for a home. Here are some of the most popular Florida home styles. 

• Mediterranean Architecture
  Mediterranean architecture is known for its stucco walls, arched doorways and windows, and tiled roofs. On the interior, this style usually incorporates arches and vaults into the design, giving the home a light, airy feel. Stone walls and floors, along with wrought iron fixtures, are also common. This home design is similar to that of coastal villas found throughout Europe. It's a popular option among homeowners who are searching for a luxurious style that compliments Florida's tropical atmosphere. 

• Spanish Style Architecture
  Spanish style architecture is similar to Mediterranean style architecture, but there are a few key differences. The Spanish design usually has red tile roofing, a white stucco exterior, and wooden support beams. Its design also includes a lot of curves, such as arched windows and curving entryways and exterior features. Wrought iron elements are also associated with this home design. 

• Coastal Contemporary Architecture
  The coastal contemporary home design is designed to bring the relaxing tranquility associated with a day at the shore into your own home(even if you live hundreds of miles away from the nearest beach). While this style is popular on the Florida coastline, it's also a hit with anyone looking for a tranquil home. This style doesn't necessarily include a lot of nautical elements to give it a beachy, laidback vibe. Instead, it utilizes soothing, neutral colors that may include a bright hue or two to add a pop of color to the home. There are often a lot of wooden or woven elements incorporated into the home to give it the texture differences associated with the beach. These homes often have high ceilings, lots of windows, and an open floor plan to help you maximize airflow throughout the interior rooms and take advantage of gorgeous exterior views. 

• Victorian Architecture
  Victorian architecture often has smaller windows, a tall, narrow design, and a lot of exterior embellishment, like a fancy porch railing. This design style is also synonymous with steeply pitched roofs and asymmetrical design. Homes with Victorian architecture are usually located in historic areas of Florida alongside other Victorian homes. While these homes are older, the design is considered timeless and full of old-world charm. 

• Ranch-Style Architecture
  Ranch-style homes are common in many states, including Florida. This design is one-story and spreads the home out across the property's land. A home with ranch-style architecture is a great fit for anyone with mobility limitations; the lack of stairs makes it easier to "age at home." Sliding glass doors are common in ranch-style homes to allow more natural light into the home and to help connect the home to its backyard. This design usually has an "L" or U" shape and includes a garage. 

The variety of architecture in Florida makes it easy to find a home that fits your needs and aesthetic preferences. Ready to begin shopping for your next home? Contact us today to get started!

Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues with showings and negotiations to inspection surprises. But many of these complications are avoidable when you have a skilled and knowledgeable real estate agent by your side.

For example, here are seven common mistakes that many home sellers make. These can cause anxiety, cost you time, and shrink your financial proceeds. Fortunately, we can help you avert these missteps and set you up for a successful and low-stress selling experience.

MISTAKE #1: Setting an Unrealistic Price

Many sellers believe that pricing their homes high and waiting for the "right buyers" to come along will net them the most money. However, overpriced homes often sit on the market with little activity, which can be the kiss of death in real estate — and result in an inevitable price drop.¹

Alternatively, if you price your home at (or sometimes slightly below) market value, it can be among the nicest that buyers see within their budgets. This can increase your likelihood of receiving multiple offers.²

To help you set a realistic price from the start, we will do a comparative market analysis, or CMA. This integral piece of research will help us determine an ideal listing price based on the amount that similar properties have recently sold for in your area.

Without this data, you risk pricing your home too high (and getting no offers) or too low (and leaving money on the table). We can help you find that sweet spot that will draw in buyers without undercutting your profits. 

MISTAKE #2: Trying to Time the Market

You've probably heard the old saying, "Buy low and sell high." But when it comes to real estate, that's easier said than done.

Delaying your home sale until prices have hit their peak may sound like a great idea. But sellers should keep these factors in mind:

1. Predicting the market with certainty is nearly impossible.
2. If you wait to buy your next home, its price could increase as well. This may erode any additional proceeds from your sale.
3. If mortgage rates are rising, your pool of potential buyers could shrink — and you would have to pay more to finance your next purchase.

Instead of trying to time the market, choose your ideal sales timeline. This may be based on factors like your personal financial situation, shifting family dynamics, or the seasonal patterns in your neighborhood. We can help you figure out the best time to sell given your individual circumstances.

MISTAKE #3: Failing to Address Needed Repairs

Many sellers hope that buyers won't notice their leaky faucet or broken shutters during home showings. But minor issues like these can leave buyers worrying about more serious — and costly — problems lurking out of sight.

Even if you do receive an offer, there's a high likelihood that the buyer will hire a professional home inspector, who will flag any defects in their report. Neglecting to address a major issue could lead buyers to ask for costly repairs, money back, or worse yet, walk away from the purchase altogether.

To avoid these types of disruptions, it's important to make necessary renovations before your home hits the market. We can help you decide which repairs and updates are worth your time and investment. In some cases, we may recommend a professional pre-listing inspection.

This extra time and attention can help you avoid potential surprises down the road and identify any major structural, system, or cosmetic faults that could impact a future sale.³

MISTAKE #4:  Neglecting to Stage Your Home

Staging is the act of preparing your home for potential buyers. The goal is to "set the stage" to help buyers envision themselves living in your home. Some sellers opt to skip this step, but that mistake can cost them time and money in the long run. A 2021 survey by the Real Estate Staging Association found that, on average, staged homes sold nine days faster and for $40,000 over list price.⁴

Indoors, staging could include everything from redecorating, painting, or rearranging your furniture pieces to removing personal items, decluttering, and deep cleaning. Outdoors, you might focus on power washing, planting flowers, or hanging a wreath on the front door.

You may not need to do all these tasks, but almost every home can benefit from some form of staging. Before your home hits the market, we can refer you to a professional stager or offer our insights and suggestions if you prefer the do-it-yourself route.

MISTAKE #5: Evaluating Offers on Price Alone

When reviewing offers, most sellers focus on one thing: the offer price. While dollar value is certainly important, a high-priced offer is worthless if the deal never reaches the closing table. That's why it's important to consider other factors in addition to the offer price, such as:

• Financing and buyer qualifications
• Deposit size
• Contract contingencies
• Closing date
• Leaseback options

Depending on your circumstances, some of these factors may or may not be important to you. For example, if you're still shopping for your next home, you might place a high premium on an offer that allows for a flexible closing date or leaseback option.

Buyers and their agents are focused on crafting deals that work well for them. We can help you assess your needs and goals to select an offer that works best for you.

MISTAKE #6: Acting on Emotion Instead of Reason

It's only natural to grow emotionally attached to your home. That's why so many sellers end up feeling hurt or offended at some point during the selling process. Low offers can feel like insults. Repair requests can feel like judgments. And whatever you do — don't listen in on showings through your security monitoring system. Chances are, some buyers won't like your decor choices, either!

However, it's a huge mistake to ruin a great selling opportunity because you refuse to counter a low offer or negotiate minor repairs. Instead, try to keep a cool head and be willing to adjust reasonably to make the sale. We can help you weigh your decisions and provide rational advice with your best interests in mind.

MISTAKE #7: Not Hiring an Agent

There's a good reason 90% of homeowners choose to sell with the help of a real estate agent. Homes listed by agents sold for 22% more than the average for-sale-by-owner home, according to a recent study by the National Association of Realtors.⁵

Selling a home on your own may seem like an easy way to save money. But in reality, there is a steep learning curve. And a listing agent can:

• Skip past time-consuming problems
• Use market knowledge to get the best price
• Access contacts and networks to speed up the selling process

If you choose to work with a listing agent, you'll save significant time and effort while minimizing your personal risk and liability. And the increased profits realized through a more effective marketing and negotiation strategy could more than make up for the cost of your agent's commission.

We can navigate the ins and outs of the housing market for you and make your selling process as stress-free as possible. You may even end up with an offer for your home that's better than you expected.

BYPASS THE PITFALLS WITH A KNOWLEDGEABLE GUIDE

Your home selling journey doesn't have to be hard. When you hire us as your listing agent, we'll develop a customized sales plan to help you get top dollar for your home without any undue risk, stress, or aggravation. If you're thinking of buying or selling a home, reach out today to schedule a free consultation and home value assessment.

Sources:

1. The Washington Post -
   https://www.washingtonpost.com/business/2019/07/22/just-because-its-sellers-market-doesnt-mean-you-should-overprice-your-home/
2. com -
   https://www.realtor.com/advice/sell/spark-a-bidding-war-for-your-home/
3. American Society of Home Inspectors - https://www.homeinspector.org/Newsroom/Articles/Before-You-Sell-6-Reasons-to-Get-a-Pre-Listing-Inspection/15766/Article
4. Real Estate Staging Association -
   https://www.realestatestagingassociation.com/content.aspx?page_id=22&club_id=304550&module_id=164548
5. National Association of Realtors -
   https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics

You're ready to start the process of searching for your next home, but you're a little apprehensive about all the steps associated with the process. One stage that our real estate agents suggest you learn about is the closing process.

The closing process is the last major stage of buying a home before you're officially a homeowner. Here's what you should know.

• It Takes a While to Reach the Closing Phase
  From the point that the home seller accepts your offer, it usually takes between 40 and 60 days to close on the property officially. There are often a lot of documents that you need to turn in for your mortgage application to officially be processed. Even if you're obtained mortgage pre-approval, you still need to submit documentation to verify your income and assets. Depending on how busy your lender is, it might take a few weeks to process your loan. You also need to schedule any inspections that are required or recommended to buy the home, like a home appraisal, home inspection, or property inspection, during this period. It's possible to potentially extend the closing date if the home seller and buyer agree to do so. Sometimes, one party might need an extended period to sell a property, find a new home, or handle other personal matters. 

• Your Closing Date Could Be Delayed
  It's possible for items to pop up that delay your official closing date. For example, if your home inspection shows that the property needs some repairs and the seller agrees to fix them, these repairs can delay the closing date. Or, if you take out a new loan or credit card while you're waiting to close on the home, your credit might be impacted. This means that your mortgage lender may need to review the specifics of your loan to confirm that you still qualify. To prevent your closing from being delayed, avoid making any changes to your financial situation. Don't apply for or take on new debt. Keep the balance in your savings accounts consistent; if you do make a large deposit to your bank account, make sure that you have documentation that proves where the funds came from (your lender will want to confirm that the money isn't from a loan or credit cards). Changing jobs is usually okay if you otherwise have a stable employment history. Just make sure that your income doesn't significantly change, or this can affect your loan approval. 

• There Are Certain Things You Need to Bring to Your Home Closing
  To close on your new home, you'll need to make sure you have the necessary items to ensure everything goes smoothly. You'll need some kind of government-issued identification, like a passport or driver's license. A certified check may be used to pay your portion of your down payment and closing costs, or if permitted by your lender, you may use a wire transfer to transfer the money. If this money will be coming from different investment or bank accounts, make sure that you give yourself enough time to transfer the funds. You also need to bring proof of your homeowner's insurance on your new home. 

Ready to find your next home? Our team is ready to help every step of the way. Contact us today to start your search!

Fortunately, if you're a buyer struggling to find a home, we have some good news. While it's true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.

Yes, a high offer price gets attention. But most sellers consider a variety of factors when evaluating an offer. With that in mind, here are five tactics you can utilize to sweeten your proposal and outshine your competition.

We can help you weigh the risks and benefits of each tactic and craft a compelling offer designed to get you your dream home—without giving away the farm.

1.   Demonstrate Solid Financing

The reality is, no one gets paid if a home sale falls through. That's why sellers (and their listing agents) favor offers with a high probability of closing.

Sellers particularly love all-cash offers because there's no chance of financing issues cropping up at the last moment. But don't despair if you can't pay cash for your home. According to the National Association of Realtors, only about 1 in 4 home purchases are all-cash deals, which means the vast majority are financed with a mortgage.²

If sellers are assured that financing will come through, buying with a mortgage doesn't have to be a big disadvantage. The most important step you can take as a buyer is to get preapproved before you start looking for homes. A preapproval letter shows sellers that you are serious about buying and that you will be able to make good on your offer.

It's also important to consider the reputation of your lender. While sellers may not know or care about a lender's reputation, their agents often do. Some lenders are much easier to work with than others, especially if you are pursuing certain types of mortgages like FHA or VA loans.³ If so, you'll want a lender who specializes in these types of mortgages. If you're unsure who to choose, we are happy to refer you to reputable lenders known for their ease of doing business.

2.   Put Down a Sizeable Deposit

Buyers can show sellers that they're serious about their offer and have "skin in the game" by putting down a large earnest money deposit.

Earnest money is a deposit held in escrow by a title company or the seller's broker or lawyer.  If the purchase goes through, it is applied to the down payment and closing costs—if the sale falls through, the buyer may lose some or all of that deposit.

While an earnest money deposit is typically around 1-2% of the sale price, offering a higher deposit can help demonstrate to the buyer that you are serious about the property.⁴ However, this strategy can also be risky. We can help you determine an appropriate deposit to offer based on your specific circumstances.

3.   Ask for Few (or No) Contingencies

Most real estate offers include contingencies, which are clauses that allow one or both parties to back out of the agreement if certain conditions are not met. These contingencies appear in the purchase agreement and must be accepted by both the buyer and seller to be legally binding.⁵

Common contingencies include:

• Financing: A financing contingency gives the buyer a window of time in which to secure a mortgage. If they are unable to do so, they can withdraw from the purchase and the seller can move on to other buyers.
• Inspection: An inspection contingency gives the buyer the opportunity to have the home professionally inspected for issues with the structure, wiring, plumbing, etc. Typically, the seller may choose whether or not to remediate those issues; if they do not, the buyer may withdraw from the contract.
• Appraisal: Most lenders will not offer a mortgage on a home that costs more than it's worth. An appraisal contingency gives the buyer an opportunity to get the home professionally assessed to ensure that its value is at or above the sales price. If an appraisal comes in low, the seller may be asked to renegotiate the contract.
• Sale of a prior home: Some buyers cannot afford to purchase a new home until they sell their previous one. If the buyer is unable to sell their current home within a specified window of time, this contingency enables them to withdraw from the contract without penalty.

Since contingencies reduce the likelihood that a sale will go through, they generally make an offer less desirable to the seller. The more contingencies that are included, the weaker the offer becomes. Therefore, buyers in a competitive market often volunteer to waive certain contingencies.

However, it's very important to make this decision carefully and recognize the risks of doing so. For example, a buyer who chooses to waive a home inspection contingency may find out too late that the home requires extensive renovations, and a buyer who waives the appraisal may risk their mortgage falling through. If you back out of a home purchase without the protection of a contingency, you could lose your earnest money deposit.⁶ We can help you assess the risks and benefits involved.

4. Offer a Flexible Closing Date and/or Leaseback Option

When it comes to selling a house, money isn't everything. People sell their homes for a wide variety of reasons, and flexible terms that work with their personal situations can sometimes make all the difference. For example, if a seller is in the process of planning a significant move, they may prefer a longer closing timeline that gives them time to find housing in their new location.

Similarly, short-term leaseback options, in which the sale is completed but the seller retains the right to rent the home for a specified period of time, can be compelling.⁷ These arrangements enable the seller to use the money from the sale of their home to purchase their next house. A leaseback agreement also makes it possible for them to avoid moving twice when their next home is not yet ready to occupy.

Flexible closing dates and leaseback options can provide a powerful advantage for first-time homebuyers. If you have a month-to-month or easily transferable lease, for example, you may be able to offer a more flexible timeline than a buyer who is simultaneously selling their existing home.

Of course, the value of these terms depends on the seller's situation. We can reach out to the listing agent to find out the seller's preferred terms, and then collaborate with you to write a compelling offer that works for both parties.

5. Work With a Skilled Buyer's Agent

In this ultra-competitive real estate market, one of the greatest advantages you can give yourself is to work with a skilled and trustworthy real estate professional. We will make sure you fully understand the process and help you submit an appealing offer without taking on too much risk.

Plus, we know how to write offers that are designed to win over both the seller and their listing agent. The truth is, listing agents play a huge role in helping sellers evaluate offers, and they want to work with skilled buyer's agents who are professional, communicative, and courteous.

Once your offer is accepted, we'll also handle any further negotiations and coordinate all the paperwork and other details involved in your home purchase. The best part is, you'll have a knowledgeable, licensed advocate on your side who is watching out for your best interests every step of the way.

Helping You Get to the Right Offer

In many cases, a competitive offer doesn't need to be all-cash, contingency-free, or significantly above asking price. But if you're serious about buying a home in today's market, it's important to consider what you can do to sweeten the deal.

If you're a buyer, we can help you compete in today's market without getting steamrolled. And if you're a seller, we can help you evaluate offers by taking all the relevant factors into account. Contact us today to schedule a free consultation.

Sources:

1. National Association of Realtors -
   https://www.nar.realtor/newsroom/pending-home-sales-dwindle-4-1-in-february
2. National Association of Realtors -
   https://www.nar.realtor/newsroom/existing-home-sales-fade-7-2-in-february
3. Forbes -
   https://www.forbes.com/advisor/mortgages/housing-crisis-tips/
4. com -
   https://www.realtor.com/advice/finance/earnest-money-deposit-mistakes-buyers-make/
5. Bankrate -
   https://www.bankrate.com/real-estate/contingency-clause/
6. Home Buying Institute -
   http://www.homebuyinginstitute.com/mortgage/risks-of-waiving-a-contingency/
7. com -
   https://www.realtor.com/advice/sell/what-is-a-rent-back-agreement

Start by connecting with a real estate agent as soon as possible. Having the eyes and ears of an insightful real estate professional on your side can help you boost your home's appeal to buyers. What's more, beginning the preparation process early allows you to tackle repairs and upgrades that can increase your property's value.

Use the checklist below to figure out what other tasks you should complete in the months leading up to listing your home. While everyone's situation is unique, these guidelines will help you make sure you're ready to sell when the time is right. Of course, you can always call us if you're not sure where to start or what to tackle first. We can help customize a plan that works for you.

AS SOON AS YOU THINK OF SELLING

Some home sellers want to plan their future move far in advance, while others will be required to pack up on very short notice. Whatever your circumstances, these first steps will help assure you'll be ahead of the listing game.

• Contact Your Real Estate Agent

We go the extra mile when it comes to servicing our clients, and that includes a series of complimentary, pre-listing consultations to help you prepare your home for the market.

Some sellers make the mistake of waiting until they are ready to list their home to contact a real estate agent. But we've found that the earlier we're brought into the process, the better the result. That often means a faster sale—and more money in your pocket after closing.

We know what buyers want in today's market, and we can help devise a plan to maximize your property's appeal. We can also connect you with our trusted network of contractors, vendors, and service professionals, so you'll be sure to get the VIP treatment. This network of support can alleviate stress and help ensure you get everything done in the weeks or months leading up to listing.

• Address Major Issues and Upgrades

In most cases, you won't need to make any major renovations before you list. But if you're selling an older home, or if you have any doubt about its condition, it's best to get us involved as soon as possible so we can help you assess any necessary repairs.

In some instances, we may recommend a pre-listing inspection. Although it's less common in a seller's market, a pre-listing inspection can help you avoid potential surprises down the road. We can discuss the pros and cons during our initial meeting.

This is the time to address major structural, systems, or cosmetic issues that could hurt the sale of your home down the line. For example, problems with the frame, foundation, or roof are likely to be flagged on an inspection report. Issues with the HVAC system, electrical wiring, or plumbing may cause the home to be unsafe. And sometimes outdated or unpopular design features can limit a home's sales potential.

Remember, when you're dealing with major repairs or renovations, it's best to give yourself as much time as possible. Given rampant labor and material shortages, starting right away can help you avoid costly delays.² Contact us so we can guide you on the updates that are worth your time and investment.

1 MONTH (OR MORE) BEFORE YOU LIST

Once any large-scale renovations have been addressed, you can turn your attention to the more minor updates that still play a major role in how buyers perceive your home.

• Make Minor Repairs

Look for any unaddressed maintenance or repair issues, such as water spots, pest activity, and rotten siding. This is the time to take care of those small annoyances like squeaky hinges, sticking doors, and leaky faucets, too.

Many of these issues can be handled by going the DIY route and using a few simple tools. Tackle the ones you can and be sure to call a professional for the ones you're not comfortable doing yourself. We can refer you to local service providers who can help.

Remember that it's easy to overlook these small issues because you live with them. When you work with us, you get a fresh set of eyes on your home—so you don't miss any important repairs that could make a big difference to buyers.

• Refresh Your Design

This is a great time to think about some simple design updates that can make a significant impression on buyers. For example, a fresh coat of paint is an easy and affordable way to spruce up your home. One survey found that interior paint offered a 107% return on investment.³ For broad appeal, opt for warm, neutral colors.

And never underestimate the importance of good curb appeal. Homes with good curb appeal sell for 7% more, on average, than similar homes with an "uninviting exterior."⁴ If weather permits, lay fresh sod where needed, plant colorful flowers, and add some new mulch to your beds.

Even just repositioning your furniture can make a huge difference to buyers. A survey by the Real Estate Staging Association found that staged homes sold faster, and 73% sold over list price.⁵ We can refer you to a local stager or offer our insights and suggestions if you prefer the DIY route.

• Declutter and Depersonalize

Doing a little bit of decluttering every day is a lot easier than trying to take care of it all at once right before your home hits the market. A simple strategy is to do this one room at a time, working your way through each space whenever you have a bit of free time.

Start by donating or discarding items that you no longer want or need. Then pack up any seasonal items, family photos, and personal collections you can live without for the next few weeks. Bonus: This will give you a head start on packing for your move!

1 WEEK BEFORE YOU GO TO MARKET

With just one week before your home is available for sale, all major items should be crossed off your to-do list. Now it's time to focus on the small details that will really make your home shine. Here are a few key areas to focus on during this last week.

• Check-In With Your Agent

We'll connect again to make sure we're aligned on the listing price, marketing plan, and any remaining prep. We will be there every step of the way, ensuring you're fully prepared to maximize the sale of your home.

• Tidy Your Exterior

You've already done the major landscaping—now it's time to tackle the last few details. Make sure your lawn is freshly mowed, hedges are trimmed, and flower beds are weeded.

In addition, now is the time to clean your home's exterior if you haven't already. Power wash your siding, empty the gutters, and wash all your windows and screens.

• Deep Clean Your Interior

Your house should be deep cleaned before listing, including a thorough deodorizing of the home's interior and steam cleaning for all carpets. Consider hiring a professional cleaning company to ensure the space smells and looks as fresh as possible.

In addition to cleaning, take some time to tidy up. Buyers will look inside your closets, pantries, and cabinets, so make sure they are neat and organized. Small appliances and toiletries should be cleared off the countertops.

DAY OF SHOWING

Now you're all set to go and there are just a few small things you need to handle on the day of showings or open houses. Do a final walk-through and take care of these finishing touches to give potential buyers the best possible impression.

• Pre-Showing Prep

Happy and comfortable buyers are more likely to submit offers! Make them feel at home by adjusting the thermostat to a comfortable temperature. Open any blinds and curtains throughout the house, and turn on all lights so buyers can see all the potential in your home.

Then tidy up by vacuuming and sweeping floors, emptying (or hiding) trash cans, and wiping down countertops. In the bathrooms, close toilet lids and hang clean hand towels.

Don't forget to secure firearms, jewelry, sensitive documents, prescription medications, and any other items of value in a safe or store them off-site.

Finally, it's best to have pets out of the house during showings. If possible, you should also remove evidence of pets (litter box, dog beds, etc.), which can be a turn-off for some buyers.

DON'T WAIT TO PREP YOUR HOME FOR SELLING

If you want to get top dollar for your home, don't put it on the market before it's ready. The right preparation can make all the difference when it comes to maximizing the offers you get. The upgrades and changes you need to make will depend upon your home's condition, so don't wait to speak with an agent.

Call our team if you're thinking about selling your home, even if you're not sure when. It's never too early to seek the guidance of your real estate agent and start preparing your home to sell.

Sources:

1. Fortune -
   https://fortune.com/2022/02/08/should-i-buy-house-sellers-market-housing-real-estate-fannie-mae/
2. Forbes -
   https://www.forbes.com/advisor/home-improvement/labor-materials-shortage-impacts-renovations/
3. PR Web -
   https://www.prweb.com/releases/2012-homegain/home-improvement-survey/prweb9433460.htm
4. Realtor Magazine -
   https://magazine.realtor/daily-news/2020/01/27/how-much-does-curb-appeal-affect-home-value
5. Real Estate Staging Association -
   https://www.realestatestagingassociation.com/content.aspx?page_id=22&club_id=304550&module_id=164548

Economists expect the effects of inflation, like a higher cost of goods, to continue.² Luckily, an investment in real estate can ease some of the financial strain.

Here's what you need to know about inflation, how it impacts you, and how an investment in real estate can help.

WHAT IS INFLATION AND HOW DOES IT IMPACT ME?

Inflation is a decline in the value of money. When the rate of inflation rises, prices for goods and services go up. Therefore, a dollar buys you a little bit less with every passing day.

The consumer price index, or CPI, is a standard measure of inflation. Based on the latest CPI data, prices increased 7.5% from January 2021 to January 2022.¹ A little bit of inflation is considered healthy for the economy, but 7.5% in a single year is high.

How does inflation affect your life? Here are a few of the negative impacts:

• Decreased Purchasing Power

We touched on this already, but as prices rise, your dollar won't stretch as far as it used to. That means you'll be able to purchase fewer goods and services with a limited budget.

• Increased Borrowing Costs

In an effort to curb inflation, the Federal Reserve is expected to raise the federal funds rate. Therefore, consumers are likely to pay a higher interest rate on new mortgages, car loans, and variable-rate credit cards.³

• Lower Standard of Living

Wage growth tends to lag behind price increases. According to Moody Analytics, when adjusted for inflation, average weekly earnings in January were down 3.1% from a year earlier.⁴ As such, life is becoming less affordable for everyone. Inflation can force those on a fixed income, like retirees, to make lifestyle changes and prioritize essentials.

• Eroded Savings

If you store all your savings in a bank account, inflation is even more damaging. As of February 2022, the national average interest rate for a savings account is 0.06%, not nearly enough to keep up with inflation. And economists don't expect that rate to go much higher.³

One of the best ways to mitigate these effects is to find a place to invest your money other than the bank. Even though interest rates are expected to rise, they're unlikely to get high enough to beat inflation. If you hoard cash, the value of your money will decrease every year and more rapidly in years with elevated inflation.

REAL ESTATE: A PROVEN HEDGE AGAINST INFLATION

So where is a good place to invest your money to protect (hedge) against the impacts of inflation? There are several investment vehicles that financial advisors traditionally recommend, including:

• Stocks

Some people invest in stocks as their primary inflation hedge. However, the stock market can become volatile during inflationary times, as we've seen in recent months.⁵

• Commodities

Commodities are tangible assets, like oil, livestock, and minerals. The theory is that the price of commodities should climb alongside inflation. But the classic choice–gold–hasn't risen consistently during periods of inflation since the 1970s, according to data from Morningstar Direct.⁶

• Inflation-Indexed Bonds

Treasury inflation-protected securities, or TIPS, are U.S. government-issued bonds that are indexed to the inflation rate. Bonds are considered low risk, but the returns they offer are generally low, as well.⁷

• Real Estate
  Real estate prices across the board tend to rise along with inflation and often rise faster than inflation.⁸ That's one of the reasons demand for real estate is soaring right now.⁹

We believe real estate is the best hedge against inflation. Owning real estate does more than protect your wealth—it can actually make you money. For example, home prices rose nearly 17% from 2020 to 2021, 10% ahead of the 7% inflation that occurred in the same timeframe.¹⁰

Plus, certain types of real estate investments can help you generate a stream of passive income. In the past year, property owners didn't just avoid the erosion of purchasing power caused by inflation; they got ahead.

TYPES OF REAL ESTATE INVESTMENTS

Though there are myriad ways to invest in real estate, there are three basic investment types that we recommend for beginner and intermediate investors. Remember that we can help you determine which options are best for your financial goals and budget.

• Primary Residence

If you own your home, you're already ahead. The advantages of homeownership become even more apparent in inflationary times. As inflation raises prices throughout the economy, the value of your home is likely to go up concurrently. At the same time, you've locked in a set mortgage payment for the next 30 years, so you'll be immune to rising rental costs.

If you don't already own your primary residence, homeownership is a worthwhile goal to pursue.

Though the task of saving enough for a down payment may seem daunting, there are several strategies that can make homeownership easier to achieve. If you're not sure how to get started with the home buying process, contact us. Our team can help you find the strategy and property that fits your needs and budget.

Whether you already own a primary residence or are still renting, now is a good time to also start thinking about an investment property. The types of investment properties you'll buy as a solo investor generally fall into two categories: long-term rentals and short-term rentals.

• Long-Term (Traditional) Rentals

A long-term or traditional rental is a dwelling that's leased out for an extended period. An example of this is a single-family home where a tenant signs a one-year lease and brings all their own furniture.

Long-term rentals are a form of housing. For most tenants, the rental serves as their primary residence, which means it's a necessary expense. This unique quality of long-term rentals can help to provide stable returns in uncertain times, especially when we have high inflation.

To invest in a long-term rental, you'll need to budget for maintenance, repairs, property taxes, and insurance. You'll also need to have a plan for managing the property. But a well-chosen investment property should pay for itself through rental income, and you'll benefit from appreciation as the property rises in value.

We can help you find an ideal long-term rental property to suit your budget and investment goals. Reach out to talk about your needs and our local market opportunities.

• Short-Term (Vacation) Rentals

Short-term or vacation rentals function more like hotels in that they offer temporary accommodations. A short-term rental is defined as a residential dwelling that is rented for 30 days or less. The furniture and other amenities are provided by the property owner, and today many short-term rentals are listed on websites like Airbnb and Vrbo.

A short-term rental can potentially earn you a higher return than a long-term rental, but this comes at the cost of daily, hands-on management. With a short-term rental, you're not just entering the real estate business; you're entering the hospitality business, too.

Done right, short-term rentals can be both a hedge against inflation and a profitable source of income. As a bonus, when the home isn't being rented you have an affordable vacation spot for yourself and your family!

Contact us today if you're interested in exploring options in either the long-term or short-term rental market. Mortgage rates are expected to rise, so you'll want to act fast to maximize your investment return.

WE'RE INVESTED IN HELPING YOU

Inflation is a fact of life in the U.S. economy. Luckily, you can prepare for inflation with a carefully managed investment portfolio that includes real estate. Owning a primary residence or investing in a short-term or long-term rental will help you both mitigate the effects of inflation and grow your net worth, which makes it a strategic move in our current financial environment.

If you're ready to invest in real estate to build wealth and protect yourself from rising inflation, contact us. Our team can help you find a primary residence or investment property that meets your financial goals.

The above references an opinion and is for informational purposes only.  It is not intended to be financial advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1. Bloomberg -
   https://www.bloomberg.com/news/articles/2022-02-10/u-s-inflation-charges-higher-with-larger-than-forecast-gain
2. CNN -
   https://www.cnn.com/2022/01/01/economy/inflation-prices-2022-preview/index.html
3. CNBC -
   https://www.cnbc.com/2022/01/26/the-fed-sets-the-stage-for-a-rate-hike-heres-what-that-means-for-you.html
4. Reuters -
   https://www.reuters.com/business/us-consumer-prices-rise-strongly-january-weekly-jobless-claims-fall-2022-02-10/
5. NBC News -
   https://www.nbcnews.com/business/markets/market-slide-dow-falls-700-points-sp-enters-correction-territory-rcna13304
6. CNBC -
   https://www.cnbc.com/2021/12/20/gold-is-losing-its-status-as-an-inflation-hedge-two-traders-warn.html
7. Morningstar -
   https://www.morningstar.com/articles/1079158/why-are-inflation-protected-bond-funds-losing-money
8. The Washington Post -
   https://www.washingtonpost.com/business/2022/01/04/heres-how-inflation-could-affect-your-next-real-estate-move/
9. Bloomberg -
   https://www.bloomberg.com/news/articles/2022-01-24/is-real-estate-a-good-investment-hedge-against-inflation-what-the-experts-say
10. CNN -
    https://www.cnn.com/2022/01/20/homes/us-nar-home-sales-december-and-2021/index.html

According to Realtor.com's 2022 housing market forecast, home for-sale inventory will increase from last year, as will the projected number of overall sales.¹ This means, if you're looking to sell in the near future, now is the time to consider how you can stand out.

Updating your home design is one way to do that. Changes like new security features or upgraded siding can add value to your home now and be highlighted when you market it for sale later. To get the most out of your updates, focus on these popular home design features that will wow buyers in 2022.

Keep in mind, not all of these will work well in every house. If you plan to buy, list, or renovate a property, give us a call. We can help you realize your vision and maximize the impact of your investment.

Eco-Friendly Fixtures

Millennials account for the largest share of current homebuyers, according to the National Association of Realtors.² Sustainable living tops the list of priorities for this generation. A recent Deloitte survey found that nearly one-third of millennials initiate or deepen their consumer investment in products or services that help the environment—this also includes the houses they choose to live in.³

Here are a few eco-friendly design features that will be attractive to these millennial buyers in 2022. Bonus, they can net a significant return on investment (ROI) for you, as a seller, too.

• Energy-Efficient Windows: Heat gain or loss from low-performance windows drives 25–30 percent of home heating and cooling costs, according to gov.⁴ Therefore, energy-efficient windows can help homeowners save money.
• Low-Flow Water Fixtures: According to the EPA, replacing your shower head with one that's labeled with WaterSense can save four gallons of water with each shower.⁵ Doing the same with your faucet can save 700 gallons per year. This leads to cost savings and environmental support.
• Native Landscaping: According to the American Society of Landscape Architects, 58 percent of members report increased client demand for native trees and plants as a means to combat biodiversity loss from climate change..⁶ Enhance the eco-friendly appeal of your home with some native plants in the front yard.

Wellness Retreat Nooks

The pandemic has had a significant impact on mental health. For example, in an effort to prioritize mental health, many people are relocating to quieter, more peaceful homes, with 22 percent of city dwellers planning a move to less congested residential areas, according to the Home Improvement Research Institute's (HIRI) 2021 Insights Summit.⁷

However, no matter where you live, you can still intrigue buyers by jumping on this trend. At-home wellness amenities, which were once viewed as luxuries, are now on many homeowners' must-have lists. Indoor spaces that function as a retreat for wellness and self-care have become extremely popular, according to HIRI.

Improve your quality of life in your home with reading nooks, spa-inspired bathrooms, and exercise or meditation spaces. Even if your house doesn't have the square footage to section off an entire room for relaxation, making simple tweaks to natural light, air purifiers, and indoor plants can help you feel better in your home now while enabling future buyers to see the opportunity for their own space.

Calming Paint Colors

Paint colors that produce a calming atmosphere will also be a key selling point in 2022. Soft earth tones and natural hues will prevail this year, including various shades of blue, green,  brown, and beige. Recent research suggests steering clear of trendy paint colors in favor of a more classic palette to bring the feel of nature indoors in a subtle and soothing way.⁸

In fact, the same research found that buyers are often willing to pay an extra $4,698 for a house with a light blue bathroom or an extra $1,491 for a house with a dark blue bedroom. Another crowd-pleasing hue to refresh the walls with is BEHR's 2022 paint color of the year, known as Breezeway.⁹

This shade of green with silver undertones was created to mimic sea glass. As the BEHR website describes it, Breezeway "evokes feelings of coolness and peace, while representing a desire to move forward and discover newfound passions." 

Home Safety Features

Buyers want peace of mind more now than ever before. According to a 2021 survey from the American Institute of Architects, members report seeing an increase in the popularity of these home safety features¹⁰:

• Emergency backup power generation
• Accommodations for multiple generations
• Wider accessible doorways and hallways
• Home security monitoring equipment
• Interior ramps and home elevator features

Consider how you can build home safety features like these into the design of your home to enhance your quality of life now and attract more buyers later. For example, you could install a backup generator in the garage and sell it with the house or update your major doorways to be wider.

Before making an investment in expensive home safety upgrades, contact us. We can help you determine what will deliver the greatest ROI for your location and goals.

Designated Work Spaces

It may come as no surprise that after the pandemic, 63 percent of homebuyers want their next house to feature room for a designated office, according to the National Association of Home Builders.¹¹ In addition, 70 percent of these buyers want the office to be at least 100 square feet (or a 10x10 room).   

If you can, consider turning a bedroom or a den into a work-from-home office. When designing the space, make it both functional and aesthetically pleasing. Position a desk near the window for natural light, install a bookshelf unit, arrange a few succulents on the work surface, and hang a few framed posters or a cork bulletin board on the wall. You want the space to foster productivity as well as be a place in your home you enjoy spending time.

When you get ready to sell, we can help you highlight your designated work space. Given the high demand for this design feature, it can help you interest more buyers and attract more competitive offers—if marketed creatively.

Luxury Kitchen Retouches

The kitchen has always been a main focal point of interior design, and that's no different in 2022. Families will always need this space to come together in their own homes.

This year's buyers want a kitchen with new upgrades and retouches, but you don't have to renovate the entire kitchen to make an impact. If you're not sure where to start, here are a few tips on how to create a kitchen that buyers will love without spending too much money on renovations:

• Repaint the kitchen, keeping the calm and nature-inspired colors in mind that are most popular right now. Taking a kitchen from dark to light by painting cabinets and walls can make all the difference.
• Update the hardware. These kitchen "accessories" stand out and add personality to an otherwise standard kitchen.
• Update light fixtures to bring in more light while also adding a fresh look and feel to the space.

Unique Accent Walls

In a recent interview with the National Association of Realtors, Brian Santos, the director of education for Fresh Coat Painters, explains that bold, unique accent walls are trendy right now.¹² An accent wall gives a home character while maintaining the calming feel of natural- and neutral-colored walls.

Santos also explains that this is part of a design aesthetic that draws inspiration from the Roaring Twenties, and it's likely to remain a sought-after home feature in 2022. Here are some bold colors to consider for your home's accent walls:

• Solid black
• Jewel or metallic tones
• Textured wallpaper
• Painted ceilings
• Built-in shelves

If you're planning to sell in the next year, talk to us before adding an accent wall. Depending on your target buyer, it may be a design feature that actually hurts your home's value. We can run a free Comparative Market Analysis on your home to help you understand what would resell best in your neighborhood.

Exterior Siding Updates

A new exterior siding refresh is one of the most affordable renovation projects you can do to help increase a home's resale value. The average cost is just $12 per square foot, but higher-end material options can push costs closer to  $50 per square foot.¹³ What's more, there are many siding materials available, from fiber-cement, brick, and wood to vinyl, metal, and stone.

While all these options can infuse the exterior with character and add curb appeal, fiber-cement and vinyl deliver the highest ROI. In fact, according to a 2021 Cost vs. Value Report, a vinyl siding replacement can boost resale value by $11,315 (68.3 percent cost recoup), and a fiber-cement siding replacement can boost resale value by $13,618 (69.4 percent cost recoup).¹⁴

Give your home this simple, affordable, and attractive facelift before putting it on the market. If you're not sure how to get started yourself, our team can connect you with a trusted vendor to guide you through the process.

Keep These Home Design Features on Your Radar in 2022

These design features can infuse personality into your home while helping to close the deal if you plan to sell in 2022. The average buyer knows just what they're looking for in a space they plan to call home, so with some investment and foresight, you can give your house an edge over the competition—and boost resale value in the process.

However, you don't need to make all these changes to attract more buyers. We can help you determine which design features you should add to your home by sharing insights and tips on how to maximize the return on your investment. We can also run a Comparative Market Analysis on your home to find out how it compares to others in the area, which will help us decide what changes need to be made. Contact us to schedule a free consultation!

Sources:

1. Realtor -
   https://www.realtor.com/research/2022-national-housing-forecast/
2. National Association of Realtors -
   https://www.nar.realtor/research-and-statistics/research-reports/home-buyer-and-seller-generational-trends
3. Deloitte -
   https://www2.deloitte.com/content/dam/Deloitte/global/Documents/2021-deloitte-global-millennial-survey-report.pdf
4. gov -
   https://www.energy.gov/energysaver/update-or-replace-windows
5. gov -
   https://www.epa.gov/watersense/about-watersense
6. American Society of Landscape Architects -
   https://www.asla.org/NewsReleaseDetails.aspx?id=60427
7. Home Improvement Research Institute -
   https://www.hiri.org/blog/4-major-home-wellness-trends-from-hiri-summit-speaker-dr-jie-zhao
8. Zillow -
   http://zillow.mediaroom.com/2021-07-15-Homes-With-Light-Blue-Bathrooms,-Dark-Blue-Bedrooms-Could-Sell-for-Up-to-4,698-More-Than-Expected
9. Behr -
   https://www.behr.com/colorfullybehr/behr-announces-2022-color-of-the-year-and-trends-palette/
10. American Institute of Architects -
    http://info.aia.org/AIArchitect/2021/0910/aia-interactive/index.html#
11. National Association of Home Builders -
    ​​https://www.nahb.org/-/media/NAHB/news-and-economics/docs/housing-economics-plus/special-studies/2021/special-study-what-home-buyers-really-want-march-2021.pdf?_ga=2.188050984.1824982414.1639512139-1247360189.1639512139
12. National Association of Realtors -
    https://www.nar.realtor/blogs/styled-staged-sold/hot-home-trend-the-accent-wall-is-back
13. Forbes -
    https://www.forbes.com/advisor/home-improvement/how-much-does-siding-cost-to-install/
14. Remodeling Magazine -
    https://www.remodeling.hw.net/cost-vs-value/2021/

Have you ever wondered what style of house represents your personality? There are so many home types to choose from, you should know which one fits you best! Take a look at these five popular home styles to get an idea for the aesthetic and functionality that match your unique personality when you're ready to purchase your next home.

Craftsman

Born out of the American Craftsman movement between 1900 and 1929, these homes were fashioned as a counterculture crusade against ornate, Victorian style to express handcrafted detail and humble living. Typical features include front porches supported by two thick columns, exposed beams, one story, low roofing, stucco accents and Earth-toned colors.

If you have an affinity for Craftsman style, you probably are a homebody who enjoys crafting or working with your hands. You may also love having a small garden or compost pile in your yard. You probably enjoy a warm cup of tea and reading in cozy rooms by a warm hearth.  

Midcentury Modern

Characterized by clean and simple lines, integration with nature, and honest materials, midcentury has made a significant comeback in recent years. Indicative of the 1950s and 60s, it takes influence from Scandinavian design, with function and form at its core.

Typically, these homes are one-story ranch homes with small elevation changes, open-concept layouts, and have unique nature-inspired details like indoor atriums and wood paneling.

If you love midcentury, you probably enjoy the artistic aspects of home design coupled with entertaining friends and family with classy cocktails and appetizers amid the sounds of a good vinyl record.

Contemporary

Contemporary simply means "of the current time." Innovative and looking toward the future, these homes change features with current needs, trends, and styles. So, in keeping with the right-now, these homes mix styles but add eco-friendly features and smart-home capabilities.

If these homes are your thing, you probably like less maintenance, more convenience, and cleanliness. You may gravitate toward industrial loft spaces and condos with little-to-no yard work for your busy, efficient personality. You probably have a small dog you can carry around with you anywhere, too. 

Mediterranean

Popular in Florida and the Southwest, Mediterranean-style homes include everything from Tuscan to Spanish to Mission Revival. Features include symmetry with rounded archways, columns, clay tile roofing, white stucco exterior, metal ironwork on gates or windows, beige interiors, and large kitchens. Oftentimes, a pool, a fountain or courtyard adorn the landscape.

This style of home is perfect for those who love to host their big families and friends from the heart of the home – the kitchen. If you love this style, you have a bit of a dramatic side, you're low maintenance, and you love relaxing by the pool like a Hollywood movie star.  

Beach Cottage

As a Florida brokerage, we know a thing or two about beach homes and the people who love them. Inspired by the Cape Cod homes of New England, these homes are built in the cottage style with cedar or shaker siding to weather the saltiest of sea air, high winds, and humidity.

If you love a beach home, you welcome lots of natural light, simple décor in whites and blue hues to match the landscape, and most importantly – direct access to the ocean. You simply cannot be landlocked, you may own a boat, and you probably make (or at least enjoy eating) a killer key lime pie.

Now that you know the most popular home styles in our area, and which one fits you best, give our Watson agents a call to help you find your perfect match today.

It's summer and you know what that means – it's listing season! Even though the market is primed for selling and many homes are selling for way over their asking price, it's still important to approach selling with a sound strategy. To that end, here are some key takeaways you should keep in mind to stay on top of your game in the lucrative 2021 market.

Understand Market Data

Though it can be exciting to sell when the market is scorching and you have the potential to make thousands over your asking price, remember that the market changes quickly, and there are a number of factors that go into pricing your home. According to Inman, if a home prices higher than comps in its area, it's likely that home has factors that can't be replicated – such as location, a pool, or a desirable lot. Your Watson agent knows to do their research thoroughly in order to best understand how to price your home.

Know Your Target Buyers

Low supply and buyer demand are skyrocketing the prices of homes, but that means that certain buyers are going to be priced out. Therefore, it's best to understand what your target audience is and what they're willing (and can afford) to pay. A great REALTOR® will understand where the leads are coming from, whether local or out-of-town, and what their financial backing looks like. Many buyers are offering all cash, but that may not always be your best bet since it can include contingencies, deductions, low-balling, and timelines that leave you frustrated.

Don't Alienate Your Buyer

You may think that since the market is in your favor, you get to call all the shots. But that attitude can backfire. Buyers still want a good deal and want to be treated with fairness. They also will be unwilling to move forward if the home doesn't meet their expectations. So, to avoid this pitfall, be sure to first get a thorough inspection and repair big items before listing your home. Things like roofs, leaks, or any basic items that are non-functioning need to be in great condition before listing, or you risk losing most buyers.

Proceed with Caution in Multiple-Offer Situations

Though receiving multiple offers on your home is a leveraging dream, it's not a particularly easy-to-navigate situation. Your instinct may tell you to go with the highest bid, but that's not always the right answer. An experienced REALTOR® will know to dig into the contract terms, financing, the offer letter itself, and other variables in order to make the best decision. It's best to operate with knowledge and realistic expectations and not let emotions sweep you away.

Now that you have the most vital information for selling your home in 2021, let's begin the listing process with the help of our expert Watson agents – contact us today!

Whether you're selling or refinancing, a lot rides on your home's professional appraisal. The appraiser's unbiased opinion will give buyers and lenders alike a clearer vision of your home's worth. A lower number hurts your chances of securing a loan or selling for a good price.

Many factors go into your home's appraisal, some of which you simply can't control like number of bedrooms or the neighborhood. Luckily, there are things you can do to boost your home's profile. Here are some tips for getting a high appraisal.

Look at Past Appraisals

If your home has been appraised in the past, take a look at those records. Pay close attention to the things that lowered your home's value and try to improve those issues first.

Clean Everything

Cleanliness is next to godliness, and that goes for your home too. Scrub, dust, and wipe every corner of your home to create a spotless presentation. Renew your air fresheners or light a candle or two to emphasize a clean, crisp environment. You'd be surprised how something as simple as cleaning can influence your appraisal.

Take Care of Those Minor Repairs

If you've been putting off those pesky leaks or clogged gutters, now's the time to knock them out. Neglecting quick and inexpensive fixes will absolutely negatively affect your appraisal. Be sure to document any minor and major repairs as well, especially if you hire contractors to work on them.

Create Curb Appeal

Before the process even begins, your appraiser will start making mental notes about your home's exterior as they arrive. Make sure they're taking good notes by creating welcoming curb appeal. This can be done by maintaining the grass and any plants, presenting a clean walkway, touching up the paint if need be, and more.

Enter the Modern Age

Worn finishes and creaky, old appliances won't score you any points for being vintage. Instead, consider saying goodbye to these relics of the past and enhancing your home with more modern touches, like quartz countertops or stainless-steel appliances. Appraisers will place more value on these sorts of higher-end details. Of course, it's always worth talking to your agent about which upgrades make the most sense for your home.

With that said, however, it's important not to cater your home to one specific niche. Pricey upgrades may not make as much sense as they do on paper – you may not even recoup those expenses in the sale.

The ultimate takeaway is to ensure your home is well-kept. Even a home with outdated stylings could sell well if it's been maintained with care and consistency over the years.

Be Honest

If there are repairs you haven't completed by the appraisal, be honest with your appraiser. The desire to hide them may be strong – no one is proud to admit they haven't gotten that cracked foundation fixed yet – but it will only hurt you in the long run.

By telling your appraiser of any needed repairs, they can possibly factor the costs of said repairs into the appraisal. Otherwise, they may use a general figure, which could end up hurting your value. If you intend to have the repairs done yourself, the appraiser may need to return to confirm their completion.

Have more questions about getting a high appraisal? Contact a Watson agent today for more info!

Listing your home for sale can be overwhelming, especially if it's your first time. One of the best ways to sell your home quickly and increase your sale price is through proper home staging. Home staging is both an art and a science and often takes a good bit of experience to pull it off just right. Our real estate agents are experts at home staging and are always willing to offer tips to help you through the process.

If you're planning to put your home on the market in the near future, you'll want to make sure to avoid these mistakes.

Personalization
When it comes to getting your home ready for the market, the goal is to create an environment that enables potential buyers to see themselves living in the home. This means keeping things as neutral as possible. Remove pictures, abstract art, bright colors, knick-knacks, or anything that reminds your potential buyer that you're currently living in the space.

Keeping Pets Around 
Who doesn't love pets? Many potential homebuyers don't. Whether it's allergies or just personal preference, pets aren't for everyone, so be sure to keep their presence to a minimum during showings or open houses. Be sure to vacuum up any fur and keep all bowls and toys out of sight. 

Forgetting To Clean
An essential part of the home staging process is deep cleaning. This type of cleaning goes far beyond sweeping the floors and dusting. You'll need to make every corner of your home ready to impress! This includes the ceiling, windows, baseboards, blinds, carpets, and furniture. First impressions are everything, so you want to be sure potential buyers are walking into a spotless home. 

Dark Spaces
The golden rule of home staging: let there be light! Light exposure makes rooms look bigger and brighter. If a particular room doesn't have a lot of windows or doesn't receive much sunlight, buy extra lamps or artificial lighting. You want every room of your house to be bright and welcoming. 

Ignoring The Bedrooms
Many sellers make kitchens, living rooms, and bathrooms a priority during the home-selling process, but it's important not to forget about the bedrooms. The bedroom is where homeowners spend a lot of their time, so it's important to create a clean, relaxing look. Make sure bedding is fresh and clean. Adding some decorative pillows and throw blankets doesn't hurt either. 

Stuffing Your Closets
Cramming everything into your closets might make rooms look less cluttered, but this strategy can actually backfire. Jam-packed closets can actually make your storage space appear smaller. The key to making closet space appear larger is to keep them about half full.

Outdated Appliances
If your kitchen is living in the past, you may want to consider upgrading your appliances. Replacing an old refrigerator or dishwasher will not only help make your kitchen stand out among other Jacksonville homes for sale, but it will also be a major selling point for potential buyers. Because the kitchen is the most important room of the house, you may even be able to recoup your costs at the sale price.

Selling a home can be a challenge, which is why you need an experienced real estate agent in your corner. Contact us today for more tips!

Florida is a magical state full of hidden gems the average visitor – or even resident, for that matter – knows exist. Everyone knows about Walt Disney World and the glistening sands of South Beach, but for every well-known destination in the Sunshine State there exists at least one under-the-radar spot worth visiting. Join us on this tour of some of the amazing hidden gems in Florida that you should absolutely check out.

Ravine Gardens State Park

There's no shortage of beauty on display at Palatka's Ravine Gardens State Park. The park's namesake ravines can be viewed from suspension bridges – a ripe opportunity for photos. And if you're visiting between December and March, you're in for a real treat: it's blooming season for the hundreds of azaleas, washing the gardens with a dazzling colorscape.

Florida Caverns State Park

Florida isn't exactly known for its caves. After all, most of the state is barely above sea level. And yet we have Florida Caverns State Park, a series of large, connected caverns beckoning visitors to explore. Take a guided tour to experience the chilly underground air, sounds of dripping water, jagged stalactites, and wildlife like bats in these otherworldly depths.

Bok Tower Gardens

Nestled among rolling hills of citrus stands Bok Tower Gardens, a true hidden gem in Central Florida. The titular Singing Tower looms over the gardens and houses one of the world's finest carillons, a percussion instrument consisting of 23 bronze bells in fixed suspension. Performances can be heard ringing throughout the garden daily, adding to the overall contemplative atmosphere.

Beyond the Singing Tower, the park is home to one of the state's most impressive landscape gardens. As you meander through the garden, you'll encounter acres of blooming foliage, lush ferns, palms, and oaks, and even natural Floridian wildlife like threatened gopher tortoises and endangered eastern indigo snakes.

Falling Waters State Park

Here's another one to file under "Things You Didn't Know Florida Had" – waterfalls! Sink Hole Trail leads through huge trees to Falling Waters Sink, a 100-foot-deep, 20-foot-wide cylindrical pit. A small stream drops water 70+ feet into the bottom of the sink, creating the picturesque waterfall. The park even has a bit of a spooky factor: no one truly knows where the water goes once it reaches the bottom of the sink.

Blowing Rocks Preserve

This peaceful barrier island sanctuary is home to the largest Anastasia limestone deposit on the Atlantic coast. High tides and storms cause the sea to fling itself against the rocks, forcing plumes of saltwater as high as 50 feet into the air. It's a sight unlike anything else.

Cedar Key

While the previous entries on this list have been parks and preserves, this entry is an entire city! Located just over an hour south of Gainesville, Cedar Key is a small island city in the Gulf of Mexico. The quaint and quiet town offers a refreshing break from city life both in its city-by-the-sea vibes and the amazing Cedar Key Museum State Park. As a vacation spot, it's under the radar but perfect for a quiet getaway.   

Weeki Wachee Springs State Park

Weeki Wachee Springs has something no other hidden gem in Florida does: live mermaids! These dazzling sisters of the sea perform classic shows and other underwater feats for captivated audiences each week (though attendance is limited during the pandemic).

Once you've seen the mermaids, enjoy a serene journey into nature with a kayak ride down the spring. Kids will love splashing in the waters of the onsite Buccaneer Bay waterpark, too!

Ocala National Forest

Ocala National Forest attracts plenty of visitors, but outside of locals, the park's praises aren't sung enough. Anything you want to do, you'll find space for it at Ocala National Forest. Go hiking across miles of trails. Kayak or swim in remarkably cool springs. Camp overnight under the twinkling stars. All your outdoors dreams converge here.

As you travel through Central Florida and wind your way through Marion County, you will eventually find yourself in the city of Ocala. While the area has many charms, you'll also notice that there's something slightly different about this corner of Florida. That's because Marion County is known as the Horse Capital of the World, with an expansive collection of thoroughbred farms and equestrian facilities that you simply won't find anywhere else. Our real estate agents have all the details on why this part of Florida is truly an equestrian paradise.

Why Marion County Is the Horse Capital of the World

The Horse Capital of the World by the Numbers

When you shop for Marion County homes for sale, you can be sure that you won't be living far from great equestrian facilities. According to the Marion County Chamber & Economic Partnership, the equine industry has a $2.62 billion economic impact on the area every year. That comes in part from the thoroughbred breeding and training facilities in the area, with 431 thoroughbred farms in Marion County alone. Those farms are home to more than 35,000 thoroughbred horses, and the thoroughbred industry accounts for more than $1.3 billion of annual economic impact on its own.

Training the Best of the Best

If you follow the biggest horse racing events of the year, including the Kentucky Derby, Preakness, and Belmont Stakes, then you've likely seen a winner who was trained in the Marion County area. That includes the historic Triple Crown winner Affirmed, a horse that was bred and trained in Ocala. Every year, some of the biggest contenders in the Kentucky Derby come from thoroughbred farms in Marion County. In total, six Kentucky Derby Winners, seven Preakness Stakes winners, and six Belmont Stakes winners have been trained on Florida thoroughbred farms... with more sure to come. 

The Best Place to Work in the Equine Industry

Do you have dreams of working in the equine industry? Then it's time to start shopping for Ocala homes for sale. The racing industry alone accounts for more than 12,000 jobs in Florida, many of which are located in the Ocala area, and generates more than $400 million in wages annually. There are also a wide variety of different jobs available, whether you're interested in training thoroughbreds, breeding horses, or helping the next generation of riders fall in love with the equestrian world.

More Than 75 Years of Equestrian Excellence

Did you know that the first thoroughbred farm in Florida was founded in 1943? Of course, the farm was located in Ocala and quickly started producing winners in major Florida races. It wouldn't be long before local horses hit the national stage, and many more equine facilities soon followed that first farm. Today, horse farms account for more than 77,000 acres of land in the Marion County area.

Training the Next Generation of Riders and Equestrian Experts

While thoroughbred breeding and racing are major industries, they aren't the only things that make Marion County the Horse Capital of the World. The area is also home to an extensive selection of equestrian facilities, where you can learn to ride and show horses. Young riders can expect some of the best instruction in the world when they visit these facilities. Whether for competition or simply for the love of riding, this is an amazing place to learn.

Searching for your own little slice of equestrian paradise in the Horse Capital of the World? Our team is here to help. Contact us to buy and sell homes throughout the Marion County, FL area.

When buying or selling a house, what's your top priority? Probably to make the most money if you're selling or get the best deal if you're buying. As a result of being money-conscious, you might think you're better off pocketing what you would pay in commission fees for a real estate agent. If you go that route, however, you're likely doing yourself a disservice. The value of a real estate agent comes from the often-overwhelming amount of work they take off your plate when buying or selling your home.

Buying a Home

House-shopping is at once very exciting and exhausting. A real estate agent can help alleviate many of the exhausting factors. They'll comb through new listings – across a wide network you wouldn't otherwise have access to – in search of homes that match your wants and needs, weeding out the pretenders and bringing you the contenders.

The value of a real estate agent becomes even more apparent when it comes time to make an offer. They'll help you prepare a formal offer as well as guide you through any negotiation that may come after to ensure you get a good deal. After the offer, a real estate agent will guide you through inspections and oversee any repairs deemed necessary.

Selling a Home

What do you need an agent to sell your home for – you know it best, right?

Well, when selling, objectivity is your best friend. A real estate agent will value your home with an honest eye, one that accounts for market value and other factors to ensure your asking price isn't too high. They'll also help you stage your home so that it makes the best impression to potential buyers.

Your agent will be invaluable when it comes to marketing your home to those buyers. They can get your home exposure on multiple websites and listing services, as well as use tools like social media to get even more eyes on the property.

Again, you'll truly recognize the value of a real estate agent when you start receiving offers. Your agent will review offers and keep you informed through every step of negotiation, ensuring you don't get caught with a stale deal.

Picking the Right Agent

Ultimately, the real value of a real estate agent comes in finding the right one. Working with an agent you gel with and who understands your wants and needs is critical. But once you secure the right agent, you'll truly understand why it's worth it.