Homes with Green Features Gaining Popularity
NAR: Half of agents and brokers surveyed said they helped a client buy or sell a property with green features over the past 12 months, compared to 32% in 2021.
Get More Referrals Without Being Annoying
Ideas: Offer superior customer service, ask for and share client testimonials, regularly express gratitude to clients and build a database to keep in contact.
Home Prices Continue to Rise
20-city price index: A 20.2% year-over-year gain in Feb; up from 18.9% in Jan. Tampa and Miami were in top 3 cities for highest rate of home-price growth.
Multiple Offers Remain Prevalent This Spring
Survey: Buyer traffic continues to outpace supply. Realtors report about 5 offers were made on each home sold in March; 57% of buyers offered above list price.
Condo Q&A: Does Fla. Law Require Competitive Bids?
Short answer: It does under some circumstances. Also: If an unexpected big expense comes up, can a condo board pay using money from its capital reserve and replace the funds later?
Tenant-Occupied Property: The Closing Process
Part three of a three-part series: Issues surrounding sales of property with tenancies. Part one covered taking a listing, part two the contract language. Issues can also rise regarding closing, however, including some specific concerns.
Condo Insurers Flee Florida
Insurers that remain are raising prices after the tragic Surfside collapse. Condo associations able to get policy renewals may face 30% to 50% premium increases.
Back-up Contracts: Short Rider, Lots of Questions
As a seller’s market persists throughout Florida, more buyers enter into back-up contracts. Although the back-up contract rider is short, a few questions regularly drive members to call Florida Realtors Legal Hotline.
More Buyers Compromise to Find a Suitable Home
Report: 80% of buyers say they now compromise on key features; the most common centers around costs, with 48% paying more than they first expected.
Housing Shortage, Rents Squeeze College Students
Rising rents, not enough student housing being built and other increasing college costs are causing “a perfect storm” for students in Fla. and other states.