Treasure Coast Real Estate News

Articles on Our Housing and Real Estate Markets

Dec. 1, 2021

Selling Your Home Without an Agent

Want to sell your home For Sale By Owner?

FSBO Guide

9 Step Guide to FSBO (For Sale by Owner)

Selling your home is a huge decision. After researching realtors in your area and how long the selling process is, you may feel compelled to sell your home yourself. Commonly referred to as an FSBO, a For Sale By Owner transaction is when you sell your home without the help of a Realtor or licensed professional. IWhen going FSBO you can avoid paying commission, working with an agent, and you retain complete control over your listing.

If you're ready to sell your home but unsure where to start, we made a step-by-step guide on how to FSBO.

Step 1: Price your home accurately

According to NAR, 17% of people who have done FSBO said pricing their homes was the most challenging task. Not only can pricing your home be difficult but accurately pricing your home can be close to impossible. According to Trulia research, homes priced by owners are an average of 2% higher than homes listed by agents. Although that may sound good, it doesn't necessarily mean they will sell at that price. Inaccurately pricing a residence may cause it to stay on the market longer.

To accurately price your home, here are a few things you should research:

  • Current prices for homes similar to yours in your city and neighborhood. Because you aren't a Realtor, it's impossible to pull an accurate list of comparable homes without access to the MLS data, so you may need to rely on Zillow and Trulia aren't always accurate. However, you can get a free home value report here.
  • Calculate the ROI of any improvements and renovations you've made to your home. Depending on how many improvements you've made, this can take quite a bit of time and research. You'll also want to be careful not to over or underprice the ROI since that will directly affect your home value.
  • Prices over time to find any market trends. So, again, it will be more challenging to find accurate data about the market over time without access to MLS data.

Home Valuation

Step 2: Prepare your home.

Since you won't have an agent that offers their knowledge and expertise on home improvements that buyers look for, you will have to decide what should be upgraded or repaired in your home. To determine what should be updated, weigh the costs of the projects you think should be completed against your home's value from step 1. Then, after making any necessary renovations to show buyers you've put work into your home, you will need to stage your home.

Staging is the process of strategically arranging the furniture and decor in your home to be show-ready so buyers can imagine living there. According to NAR, 83% of buyers' agents said buyers could better visualize living in a house if staged. In addition, 22% of sellers' agents saw the dollar value of offers increase 1-5% when they saw a staged home, and 17% saw the dollar value of the home increase 6-10% compared to similar homes. Many agents offer their staging services as part of the selling process, but you can either hire a professional stager for an additional cost or do it yourself since you are on your own. If you decide to stage yourself, the rooms you should prioritize are the kitchen, living room, master bedroom, and dining room.

Not only does the inside of your home need to look perfect, but so does the outside. Curb appeal is how your home looks from the street and is another crucial step you don't want to overlook. It's the first impression potential buyers will have of your home, so you'll want to make sure the exterior is also show-ready. According to NAR, landscape maintenance, overall landscape upgrade, and standard lawn care service rank the highest projects that should add value to your home when selling.

Step 3: Photograph your home.

Once your home is prepared and staged, it's time to photograph your home. Although the newest iPhone has a pretty good camera, hiring a professional who knows everything about lighting and the most appealing angles will be worth the extra cost. According to the Center for REALTOR® Development (CRD), homes with high-quality photos sell 32% faster, and the more photos you have, the faster your home will sell. Homes listed from $200,000 to $1,000,000 with professional photos have sold for $3,000 to $11,000 more.

Most Realtors offer professional photography and 3D tours and videos as part of their services, so if you have the budget, this is something you want to consider.

Step 4: List your home.

After all the preparations you've made for your home, you're finally ready to create your listing. Unfortunately, only real estate agents can create listings on the MLS. After the list, the MLS sends the listing to sites like Zillow and Trulia, where buyers agents can find the newest listings to show their clients.

You can list your home yourself as FSBO on Zillow or pay a "limited service" broker to list your home on the MLS.

For homeowners who need to sell quickly because of death, disaster, debt, divorce, or other life events, iBuying or instant offer services and agents who offer these options enable home sellers to quickly sell their property to a company rather than to an individual.

Step 5: Know your home disclosure requirements.

If you're selling your home on your own, you will need to research your state's requirements for what you need to disclose in your home. A seller disclosure includes what sellers must tell buyers about their home. Seller disclosures can include structural problems, past issues such as flooding, and any repairs or upgrades you've made on your home. A seller disclosure will save you time from any surprises that may come up in a home inspection. If you have any shocks or bumps in your home inspection, you could incur expensive and unnecessary repairs or demands from buyers.

Step 6: Market your home.

Now that your home is (hopefully) listed, it's time to market your home. Although you may think a for sale sign in your yard is good enough, it's not. We typically start with an email blast to our database of buyer leads we've accumulated over the years in selling your home. You could send an email to friends and family, letting them know your home is now on the market but may find it hard to get results that way.

Next, we usually set up an ad on Facebook and Instagram and target potential buyers in our area. According to NAR, members found social media as the most valuable source to obtain high-quality leads. With more than 1 billion monthly active users on Instagram and 2.41 billion monthly active users on Facebook, marketing your home on social media is one thing you don't want to neglect. Of course, you could post about your home on your page, but exposure and reach will be limited, and the quality of leads may be inadequate.

For some of our listings, we will even put together a video to share on social media. Check our marketing page here to get a more detailed example of what we do to market our listings.

FSBO Plan

Step 7: Communicate with potential buyers.

Hopefully, by now, you've acquired a few leads that have started to show interest in your home. Even though you don't have an agent, your potential buyer probably does, which means you'll be responsible for all communication with them throughout the process. You will need to be on top of emails, texts, and phone calls to schedule showings and meetings with your potential buyers and their agents and be responsive to any questions they may have about your home. Just remember to be patient and think about your responses - selling your home (especially on your own) can be emotional and make you say things you didn't mean.

Step 8: Hire third-party experts

You might want to hire an attorney to help you throughout the selling process, especially when signing legal documents, purchase agreements, and seller disclosures. Some states even require representation from an attorney when you close. Although this can be costly, it's ultimately for your protection throughout the process.

Step 9: Wait for offers.

And now we wait. Depending on how much effort you've put into the preparations, staging, marketing, and listing of your home will determine how long it will take your home to sell. According to Inman, 18% of FSBOs did not sell their home in the timeline they were hoping for, and the average FSBO home sold for $200,000 while homes sold by agents were $265,500 in 2017. On the other hand, homes sold through the MLS were sold on average 20 days faster, according to NAR.

 

If the selling process seems like too much to handle on your own, we're here to help. So schedule a call to learn more about how we help FSBO home sellers on the Treasure Coast.

 

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond with his team.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

Eric Slifkin has authored this post, a Broker Associate at Keller Williams Real Estate and the Slifkin Real Estate Team founder. Eric and his experienced agents serve South Florida and the Treasure Coast, including  Stuart, Hobe Sound, Palm City, Port Saint Lucie, Jupiter, Tequesta, and the Palm Beaches.

 

 

Leave a Comment

 

Nov. 28, 2021

Staging Helps Sell Homes

Homes That Are Staged Sell Faster Than Homes That Aren't

Home Staging Essentials

Have you ever watched HGTV and wondered how every home always looks put together? The answer to this is staging. Home staging goes beyond just cleaning and decorating your home. It is the process of adding decor, arranging furniture, and prepping your home to look perfect for listing photos, showings, and open houses. Home staging lets potential buyers see precisely where furniture should go and how each room lays out. Without staging, prospective buyers are only focusing on the visible issues the home may have.

Not only does staging make your home look like an HGTV dream or like it belongs on Pottery Barn's homepage, but it can speed up the sale of your property.

  • 83% of buyers' agents said a staged home helped buyers visualize the property as a future home, according to NAR
  • 25% of buyers' agents said potential buyers increased their offer between 1 and 5% on a staged home, according to NAR
  • 85% of houses surveyed sold for 6-25% more than unstaged homes, according to HSR Certified Professional Home Stagers

So now that you know the value of staging, what's next? Do you hire a stager? Do you do it yourself? Will your real estate agent help? Do you stage virtually? It depends. Every option has its benefits, and some require more time or more money.

DIY Staging

If you're looking for a more cost-effective option, it may be best to stage your home yourself.

First, you'll want to start with cleaning, decluttering, and depersonalizing, which is also a great excuse to finally get around to that annual cleaning from earlier in the year that you've put off. Each room should only have what is necessary. Throw out anything you don't need or keep things tucked away in a bin during open houses and showings. You'll also want to remove any personal photos or decor around your home, including anything religious or political. The less personal your home is, the more a potential buyer will imagine themselves living in your space.

Once everything is clean, you'll want to start staging the essential rooms first. The kitchen, living room, and master bedroom are what sell your home. Focus on these rooms, and then you can work your way through the additional living spaces.

Hiring a Professional Stager

If you have more money to spend or don't know anything about home decor, it's probably best to hire a professional. Selling your home is an emotional process, so viewing your home objectively when staging can be a difficult task.

As you know, staging can help speed up the sale and potentially get you higher offers. If you weigh the costs vs. benefits, you'll find hiring a professional won't be as expensive as you think. The average cost for the initial design consultation with a stager can be between $300 and $600. The average price per month per staged room can be between $500 and $600. It's important to know that some professionals require a contract of 3 months minimum, even if you sell your home within a few days. You can often work with the decor and artwork you already have, but if your home is empty, this can start to add up quickly.

To save money, you can opt to hire them for just the main rooms - the kitchen, living room, and master bedroom. If your walls need fresh paint, you can save here by painting them yourself. You can also gather tips and advice during an initial consultation but still decide to conquer some of these tasks yourself.

Virtual Staging

When it comes to marketing, staging makes your home more attractive to buyers. Home staging can be an expensive undertaking, but virtual staging services help buyers see what your vacant property might look like online, complete with furnishings and decor. Virtual staging helps get buyers interested and in the door without the expense of physically staging your property.

Virtual Staging Gets Buyers Interested and in the Door

Vacant Property

Virtually Staged Property

Vacant Property

Virtually Staged Property

Virtual staging allows you to rearrange furniture, add decor, and still make your home look attractive to buyers, but everything is online — and cheaper. Because virtual staging is done on the web or with staging software, you don't have to spend funds on new furniture, decor or spend time rearranging everything. Instead, this method saves you time and money while still getting the same results as traditional staging. The only required cost is digital software, and most services charge a flat fee per room staged.

What do real estate agents do?

All agents are different. Our focus is on virtual staging, cost-effective, and puts your house where buyers begin their search- online. Other agents may offer physical staging services or refer you to a trusted professional or company, and some will offer advice, while others don't provide any resources for staging. However, if an experienced real estate agent has your success in mind, they will give honest home staging advisement.

 

If you're selling your home soon, staging is something you need to consider. Get in touch or call me at 772-678-1600 to learn more about how we help home sellers on the Treasure Coast.

Home Selling Secrets

Eric Slifkin, a Broker Associate, is the founder of the Slifkin Team at Keller Williams Realty. Eric and his team of experienced agents serve South Florida and the Treasure Coast, including  Stuart, Port Saint Lucie, and the Palm Beaches.

 

Leave a Comment

 

Posted in Home Selling
Nov. 28, 2021

Flipping 101: Is a Fixer-Upper Right for You?

Wondering if a Fixer-Upper is Right for You?

As an investor, your needs are different than a typical home buyer. When it comes to buying an investment property to flip or rent there will be many questions along the way...

Q: Where Can You Find Fixer-Uppers?

A: They are literally everywhere, even in wealthy enclaves. What sets them apart is price.  They have lower market value than other houses in the immediate area because they have either been poorly maintained or abandoned.

Taking on a Fixer UpperTo determine if a property that interests you is a wise investment will require a lot of work. You will need to figure out what the average home in the area sells for, as well as the cost of the most desirable ones.   

Experts suggest that novices avoid run-down properties needing extensive work.  Instead, they recommend starting with a property that only needs minor cosmetic work – one that can be completely refurbished with paint, wallpaper, new floor and window coverings, landscaping, and new appliances.

Also, keep in mind that a home price that looks too good to be true probably is. Find out why before pouring your hard-earned money into it.

When looking for a fixer-upper, some experts suggest you follow this basis strategy: find the least desirable home in the most desirable neighborhood. Then decide if the expense that is needed to repair the property is within your budget.

If you're ready to take on a fixer-upper send me a message and let's get the ball rolling. You can reach me at 772-678-1600, or visit my Web site. As your resource for information on Treasure Coast real estate, please be sure to contact me about any home you may find on the Web, yard sign, or ad and I be happy to research the property, arrange showings and handle all the details.

Reprinted with permission from RISMedia. ©2015. All rights reserved.

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

We offer home sellers and buyers a turn-key approach to managing their real estate needs from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us or call 772-678-1600 today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

Nov. 14, 2021

Pets Influence the Choice to Move

More homeowners have become pet owners since the pandemic, and homeowners are showing a willingness to move for their pets. In fact, 43% of pet owners say they’d be willing to move to accommodate their pet, according to the National Association of REALTORS®. What’s more, 68% of pet owners surveyed by realtor.com® say they would pass on the perfect home if it didn’t meet their pet’s needs.

Click on the image to read the full article! #article #news #notablearticle #listreports #realestate

Pets Influence the Choice to Move

Source: “Fur-ever Homes: Pets Are a Motivator to Purchase,” National Association of REALTORS® Economists’ Outlook blog (Oct. 29, 2021)

 


 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home in a pet-friendly community? Together with his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

 

Posted in Home Buying
Nov. 10, 2021

How Much Home Can You Really Afford?

WRITTEN BY JAYMI NACIRI

So, you're getting ready to buy your first home, and you feel like you're at the mercy of the market. And your mortgage lender. In some ways, it might even feel like they're working against each other - especially if you're in a really hot market in which you can't qualify for the amount you'd need to buy what you want.

How Much Home Can You Afford?

When it comes to providing pre-approvals for would-be homebuyers, lenders today are more careful than they were in the years leading up to the market crash, and that means your financial picture will be more rigorously scrutinized to determine your credit-worthiness and develop your max approval amount. Trust us, that's a good thing. The last thing you want is to be house poor. Having a great place to live that you can't enjoy or furnish or even leave because you have no money left won't be fun.

"Just because a lender says you can afford a certain mortgage doesn't mean you should," said TIME: Money. "Consider your take-home pay - what actually goes into the bank after taxes, health insurance, and savings for retirement and college. Then add up all your monthly bills, not just debt but also things like utilities, phone, and groceries. You want to feel comfortable that you can cover all your household obligations while still meeting your other financial goals and keeping six months of expenses in an emergency fund."

That's why it's so important to consider all of your monthly expenses related to buying a home. Beyond the principal, interest, taxes, and insurance that the lender, there are other line items to weave in that will help you determine your purchasing power and also help you to be comfortable from month to month.

Increased commuter costs

Are you moving out to the ‘burbs? That hour-long commute each way is going to add to your bottom line. Of course, you'll be using more gas. Will you also incur tolls? Then there is the wear and tear on your car, which could mean additional costs. You can estimate your commuter costs here.

Higher utility bills

A larger place could mean higher utility bills. Then again, more energy-efficient appliances, windows and doors, and HVAC could potentially result in lower bills, which could be a reason to look for a newer home over something older. It's not out of line to inquire about utility bill costs from the existing owner (through your Realtor is probably best). This information could be critical in helping to make the best decision when buying a new home.

Homeowner's Association

Your pre-approval amount is an all-in number, but that number only includes principal, interest, taxes, and insurance. If you are buying in a community that has a Homeowner's Association, your fee will be a separate cost that needs to be considered. An HOA fee can range greatly depending on your location, the number of homes in the community, and the amenities and services included.

Home improvements

You're likely going to have a mailbox full of credit card pre-approvals and offers from places like Home Depot and Lowe's after you close escrow - and they can be tempting. Reeeaaallly tempting, especially if you need new appliances or countertops or flooring (or all of the above). Ditto for furniture stores, because, like Lowe's and Home Depot, those offers are often zero-interest deals. It may make sense to take advantage of one (or more) of them to make some necessary or wanted updates to your home - if you can swing the payments. They obviously add to your monthly obligations, even at no interest. And keep in mind that if you miss, or are late on, a payment, that zero interest is replaced with a much larger number, and that means you'll face a much larger balance to pay.

Landscaping

If you're coming from an apartment or a rental where the outside maintenance is taken care of by someone else, get ready to either: buy a lawnmower and an edger and spend your Saturday mornings in the yard, or pay someone else to take care of it.

Warranty

If you're buying a brand-new home, you'll typically have a warranty provided by the builder or developer, often for one year. You have the option of extending that or buying/extending an existing warranty on an older home, and all of those options will cost you.

Source: RealtyTimes


Eric Slifkin, a Broker Associate, is the founder of the Slifkin Team at Keller Williams Realty. Eric and his team of experienced agents serve South Florida and the Treasure Coast, including greater Stuart, Port Saint Lucie, and the Palm Beaches. Contact Eric to buy or sell a home on the Treasure Coast.

 

 

Nov. 10, 2021

Questions to Ask When Joining an HOA

What to Ask When Contemplating an HOA Community

An HOA or Homeowner Association is a legal entity created to manage and maintain the common community areas. Typically these "common areas" consist of pools, clubhouses, landscaping, parks, streets, and roads. The community's developer generally creates the original HOA starting with a set of rules called the "Declaration of Covenants, Conditions, and Restrictions" (CC&Rs).

All About HOA'sIt is a primary function of the HOA, among others, to enforce the CC&Rs and ensure that they are adhered to by the individual homeowners. That said, when trying to determine if a home is within your price range, it is essential to know all of the other fees associated with the house (the ones outside of your mortgage). We're here to keep you well informed and help you think through the tough decisions. Contact us today

Questions to Ask a Prospective HOA

-How much are the dues?

-What is the history of dues increases?

-Does it include building insurance?

-What are the insurance specifics, and what insurance will you be required to carry besides coverage provided by the HOA?

-Are there HOA budget reserves for repairs? Also, look at maintenance contracts like landscaping, security, snow removal, etc. Do they look reasonable to you? Is one of the HOA members also one of the contractors?

Other Considerations

-See how much the transfer fees and capital reserve requirements are when you close and negotiate to have the seller pay for them, if applicable.

-Find out how many units are owner-occupied vs. rented out. The HOA will know this. If it's higher than about 10 percent rentals, you may want to pass on the unit.

-Check the current status of all the membership dues. How many units are in the HOA, and of that, how many are past due. How much?

-Get the minutes from the past year's HOA meetings. Reviewing them will tell you how stringent they are and what type of violations trigger actions against residents.

 


This post was authored by Eric Slifkin, REALTOR® serving South Florida's Treasure Coast. You can reach Eric at 772-288-1765.

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond with his team.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

 

Nov. 9, 2021

Accessory Dwelling Units

Is an Accessory Dwelling Unit Right for You?

As a homeowner, you may be considering adding an accessory dwelling unit (ADU) to your property: either inside your current home, as an addition to your existing home, or as a free-standing building. How can you determine if this is the right move for you?

Study: ADUs Can Add 35% to Your Home’s Value  Get the Report

Accessory Dwelling Unit

Above: A 1977 Stuart, FL residence shown with an original attached ADU

RESEARCH ADU REGULATIONS

Determine if your area is ADU-friendly by visiting your city’s planning and zoning website or calling or visiting the local office. Some areas encourage ADUs, and others don’t. Even if your city’s regulations seem to discourage ADU construction, you may be able to secure a waiver to build one. Ask.

DO A COST EVALUATION

If you want an ADU to bring in rental income, be sure to look at the total cost for permits, construction, and the increase in annual property taxes. Compare this to the monthly payment you expect to receive to determine how long it will take for the ADU to pay for itself before you realize any income.

CONSIDER YOUR LIFESTYLE AND NEEDS

Important considerations include:

Privacy vs. Company – If you are a private person, having a renter on your property may present difficulties. However, finding the right renter may be just what you need if you are looking for more social interaction. Assistance – If you have special needs, consider trading maintenance, cleaning, or personal services for part or all of the rent on your ADU. It may be an economical way to retain your independence, even with physical limitations.

Aging in Place – If you want to age in place, an ADU built with universal design concepts may help you stay on your property while simultaneously improving your financial situation. For example, you could rent out a house that is too large or unsuitable for aging in place while staying in the ADU and the neighborhood you know and love.

Adult Children – If you have adult children who have returned home to live with you, an ADU may be an economical way to keep your children (and possibly grandchildren) close while maintaining privacy for you and them.

TALK TO YOUR REAL ESTATE SPECIALIST

An accessory dwelling unit may be just what you need. For additional perspectives, talk to an SRES® in your area to help you determine if this is a good option for you!

-

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach Eric at 772-288-1765.

-

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? With his team, Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

 

Nov. 8, 2021

Selling a Home While the Market is in Your Favor

Ever-increasing home prices and historically low inventory coupled with stiff competition and still-low mortgage rates indicate the current seller's market is likely to remain the norm heading into 2022. While there has been some price and inventory improvement of late, it is likely the competition for quality homes will likely continue to push prices higher. Home Selling

Ready to sell while the market is in your favor? Send me a message – I'll use my expertise to make sure you come out on top! Whether buying or selling a home, we are always happy to meet with you to discuss your wants and needs, with no obligation. Contact Us or call 772-678-1600 for more info on how we sell homes on the Treasure Coast. 

Eric Slifkin, a Broker Associate, is the founder of the Slifkin Team at Keller Williams Realty. Eric and his experienced agents serve South Florida and the Treasure Coast, including  Stuart, Port Saint Lucie, and the Palm Beaches.

 

#thehelpfulagent #home #houseexpert #house #listreports #househunting #homeowner #icanhelp #realtor #realestate #realestateagent

Nov. 7, 2021

How to Find Hidden Real Estate Deals

Hidden Deals

Find Hidden Real Estate Deals (before they hit the market)

It can be hard to track down great deals on Florida homes for sale but, if you want to be among the first to know about properties that will be coming soon, this is the place to start. These are homes that are currently off-market and about to be listed for sale.

Eliminate Searching Endlessly on Zillow with our Buyer Direct Access Program

As Realtors, we often get the inside scoop on upcoming property listings before they are available online, giving YOU a distinct advantage over the other buyers in our area. In addition, the Buyer, Direct Access program is open to all registered users with no obligation.

Get the inside scoop on properties before they are available online. Start by completing the form below, and a team member will be in touch to set up listing alerts that are custom-tailored to your specific search criteria.

 

 

Here's what you get as a member of our Buyer Direct Access Program

  • Access Stuart, Florida area home and condo searches using our MLS database
  • Learn about our local housing inventory, home values, and market trends 
  • Schedule private or virtual tours of any homes you'd like to see.
  • Get expert answers to your real estate questions.

Click here to be the first to uncover hidden deals near Stuart, Florida.

 

Oct. 19, 2021

The Death of the Starter Home

Where Have All the Small Houses Gone?

By Elena Cox, a data journalist for Realtor.com

Being a first-time homebuyer these days can feel a bit like a hungry dog begging for scraps. And no one is rushing in with filet mignon anytime soon. 

At the heart of the problem: the near disappearance of the classic American starter home—the smaller, more affordable, entry-level abodes that have long been the sweet spot of first-time buyers. Homes that would seem to fit the bill, at least in terms of size and amenities, are often now listed at wildly prohibitive price points, even in a time marked by record-low mortgage rates. Read the full article.

Death of The Starter HomeClick on the image to read the full article! #article #news #notablearticle #listreports #realestate


This post is by Eric Slifkin, REALTOR® serving South Florida's Treasure Coast. Eric holds the Certified Residential Specialist® (CRS®) designation by the CRS® Council, a subsidiary of the National Association of REALTORS® (NAR). You can reach Eric at 772-288-1765.

 

Eric Slifkin, Broker Associate

Eric Slifkin, Team Lead

Your local real estate expert

Are you seeking a home that suits your lifestyle, community, and neighborhood needs? Eric offers home buyers a turn-key approach to finding and purchasing real estate from the Treasure Coast to the Palm Beaches and beyond with his team.

 

Contact us today to schedule a free consultation. Whether buying or selling a home on the Treasure Coast, we are always happy to meet with you to discuss your wants and needs, with no obligation.

 

 

Web Analytics