5 Reasons To Sell Your House This Spring!

Here are five compelling reasons listing your home for sale this spring makes sense.

1. Demand Is Strong

The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.

HIRE AN EXPERT – HIRE JAMES JESTES TO SELL YOUR HOME

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they Continue reading…

10 Steps to Buying a Home [INFOGRAPHIC]

Some Highlights:

If you are thinking of buying a home, you may not know where to start.
Here is a simple list of 10 steps that you will go through to purchase a home.
Make sure to ask your agent for details about each step and what else may be required in your area!

How to Put Your Housing Cost to Work for You

There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.

The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gained almost $80,000 in equity over that time with 80% of the gains coming from price appreciation.

For a homeowner who purchased their home 30 years ago, they have gained nearly $250,000 in equity with 70% coming from price increases. The full results can be seen in the chart below.

According to the Home Price Expectation Survey, a family who purchased a median priced home this January Continue reading…

Data Says April is the Best Month to List Your Home for Sale

The spring housing market is off to the races! The inventory of homes for sale is increasing, buyers are out in force, and interest rates have remained low, piquing the interest of buyers and sellers previously on the fence about making a move.

IF YOUR THINKING ABOUT SELLING YOUR DAYTONA BEACH AREA HOME CHECK OUT THIS PAGE

New research from realtor.com shows that the first week of April is actually the best time to list your house for sale! The report used “trends in median listing prices, views per property on realtor.com, home price drops, median days on market, and number of listings on the market over the last three years,” to determine a ranking for every week of the year.

Listing your home in the first week of April contributes 14x more property views, 5% less competition from other home sellers, and results in the home being sold 6 days faster!

Below is a graph indicating the average score for each month of the year.

It should come as no surprise that April and May dominate as the top months to sell. The second quarter of the year (April, May, June) is referred to as the Spring Buyers Season, when competition is fierce to find a dream home, ofte Continue reading…

The Enormous Divide Between the Headline and the Truth

“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s)

Even back in the mid-1800s, people knew that negative news sells. That is still true today. All forms of media realize that they will get more eyeballs, clicks, likes, and engagement by posting something negative. However, they must realize that negative headlines impact markets.

Just last week, the National Association of Home Builders released a survey revealing:

“Negative media reports making buyers cautious was a significant problem for 48% of builders in 2018, but 62% Continue reading…

10 Most Expensive Homes Sold In the Greater Daytona Beach Area 2018

Below are the top 10 most expensive homes SOLD in the Greater Daytona Beach area in 2018 ( Daytona Beach, Ormond Beach, Port Orange, Ponce Inlet, and the surrounding areas. )

One of the greatest things about purchasing a home in the Daytona Beach Area is that the values of homes are still very affordable. What you would spend for a small home in many parts of New York or California, would buy you a Luxurious waterfront home here in sunny Florida. The most expensive home in the area sold for only $25,000 more than the most expensive in 2017. Our prices are holdings steady and buyers are getting great deals in Luxury!

Have a look at what best homes sold for in 2018 and check out the lists of luxury homes currently on the market! I am available to talk about real estate here in the Greater Daytona Beach area, Just give me a call 386-315-4744 anytime. Without further delay here are the homes that made the list for 2018.

10. 4932 S Peninsula Drive

Your Tax Refund Is The Key To Homeownership!

With Tax season here I have so many buyers asking me how they can take advantage of their IRS Tax refund. Below we are going to talk about how to take advantage of your tax refund and become a home owner! I will also include the most affordable homes in the greater Daytona Beach area at the end of the article.

According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $3,143 this year when filing their taxes. This is down slightly from the average refund of $3,436 last year.

Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals. For anyone looking to buy a home in 2019, this can be a great jump start toward a down payment!

The map below shows the average tax refund Americans received last year by state.

Many first-time buyers believe that a 20% down payment is required to qualify for a mortgage. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%. Veterans Affairs Loans allow many veterans to purchase a home with 0% down. Continue reading…

4 Reasons This Spring Market Is Better Than Last Year

If you’re looking to buy or sell a home this year, now is a great time! Let’s get together today to go over what is happening in the Spring Market and what it means for you.

Enjoy the video and please share with anyone you might know that is looking to buy or sell this spring here in the greater Daytona Beach area please share this video with them. Continue reading…

Is Your House Priced To Sell Immediately (PTSI)?

In today’s real estate market, with more houses coming to market every day and eager buyers searching for their dream home, setting the right price for your house is one of the most important things you can do.

According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 4.4% over the last 12 months. By this time next year, CoreLogic predicts that home values will be 4.6% higher.

THINKING ABOUT SELLING? VISIT MY SELLERS PAGE.

With prices slowing from their previous pace, homeowners must realize that pricing their homes a little OVER market value to leave room for negotiation will actually dramatically decrease the number of buyers who will see their listing! (see the chart below)

Is Your House Priced To Sell Immediately (PTSI)? | Simplifying The Market

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price their house so that demand for the home is maximized. By doing so, the seller will not be negotiating with a buyer over the price, but will instead have multiple buyers competing with each other over the house. Continue reading…

20 Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC]

Are you ready to put your house on the market? It’s Spring and buyers are looking as we move into the busiest sales season of the year! Please give me a call and lets discuss selling your home for the most money with the least amount of headache. Hire An Expert – Hire James Jestes 386-315-4744 🙂

Some Highlights:

When listing your house for sale, your top goal will be to get the home sold for the best price possible!
There are many small projects that you can do to ensure this happens!
Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!