Category: Home Buying

Categories
Home Buying Home Selling Real Estate

Single-Family Home Market Update for Manatee County

August final statistics for Single-Family Homes in Manatee County showed a continuation of existing trends. New listings outpaced closed home sales, which continued to drive up inventory levels. The additional inventory on the market is moving the balance of power slowly towards buyers. At this point, there is still a pretty decent power balance between buyers and sellers, but if this trend continues, the market will shift squarely into a buyers’ market in Manatee. The infographic below from Florida Realtors contains more.

Categories
Home Buying Home Selling Real Estate

Showing You Are Serious

When you are looking to negotiate your next home purchase, it helps to show the seller that you are a serious buyer. Also, if you are selling, you want to ensure you engage with buyers that are ready to purchase. The infographic below from Florida Realtors provides insights on how you can do just that.

Categories
Home Buying Home Selling Real Estate

Getting the Most from your Agent

When you are working on your next home purchase or sale, it’s important to know that you are getting the best from your real estate professional. The infographic below from Florida Realtors (via NAR) will help you with that.

Categories
Home Buying Real Estate

Avoiding Wire Fraud

Homebuyers are increasingly falling victim to real estate wire fraud, often due to lax cybersecurity and the complexities of the home-buying process. In 2023, real estate wire fraud totaled an estimated $3 billion.

Fraudsters typically exploit weak cybersecurity links in transactions, often targeting real estate agents, loan officers, title companies, or closing attorneys. Once they gain access, they learn who is about to purchase a home and send the buyer fraudulent communications, posing as settlement attorneys or title companies, with fake wire transfer instructions.

Continue reading “Avoiding Wire Fraud”
Categories
Home Buying Home Selling Real Estate

Sarasota County Market Update – Single Family Homes

Inventory gains continue to outpace closed sales in Sarasota County. It isn’t yet at a point where buyers will gain the upper hand, but it sure is close. At this point, each transaction will have its own leverage points for buyers and sellers, which is actually a great market to be in. Cash sales as percentage of transactions saw a major drop in July. That will be an interesting statistic to watch in the coming months as a lower number there allows more people to compete for homes in Sarasota County. The infographic below from Florida Realtors contains more information.