I know agent compensation for real estate transactions is a question that many people think about when it is time to buy or sell a home. The National Association of Realtors has created this helpful video to explain how it works.
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Staging Your Home
From my experience, staging your home for sale can make a dramatic difference in the selling process. If nothing else, properly staging for pictures will attract more traffic even if you have to move items out prior to contracting for sale. The infographic from Florida Realtors below provides more insight.
August was rather uneventful for single-family home sales in Manatee County. While closed transactions were up YoY, pending transactions were down. All that led to rather flat results in terms of both price and inventory across the county when compared to August of 2022. Overall, I continue to be pleased with the market overall as the balance between buyers and sellers is reasonable. The ultimate question is still around what the market will look like as we head into our busy season in a few months.
Florida Realtors put together the infographic below with the most important appliances and fixtures to consider upgrading prior to listing your home.
Zillow believes they are about to be. In its most recent home price forecast update, Zillow anticipates a 6.5% increase in U.S. home prices from July 2023 to July 2024, marking a slight upward revision from their previous estimate of 6.3% made last month. To provide some context, historical data from Case-Shiller reveals that U.S. home prices have typically seen an average annual increase of 5.5% since 1975.