joe manausa real estate: Realtors Maintain Market Share, Despite Decreasing Inventory
- 04/19/19 12:41 PM
With a shortage of houses for sale in Tallahassee, we are experiencing a seller's market. Historically, this has resulted in more people trying to sell homes without the help of a Realtor due to demand being so high.
However, the percentage of houses sold involving a Realtor has stayed about the same over the past four years. Housing data reveals that from 2016 to 2019, Tallahassee Realtors are responsible for approximately 80% of all houses sold in our area.
Last year, Realtors were involved with selling an average of 355 of the 450 homes typically sold each month. This information is drawn from the … (2 comments)
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joe manausa real estate: 3 Outdated Home Selling Tactics You Should NOT Be Using
- 03/27/19 12:15 PM
Since the development of the Internet, the field of real estate has been evolving significantly. Unfortunately, some people are sticking to old routines and using outdated methods to try and sell houses. Be on the lookout for these three signs that indicate a lack of competence when it comes to selling a home in today’s modern world.
1. Below Average Picture Quality
Back when the MLS was a giant book, realtors took pictures of their listings to print in the book so all agents were aware of houses for sale. High-resolution pictures were not required because the images were relatively small when compared to … (0 comments)
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joe manausa real estate: How To Sell A Home That Needs Repairs
- 02/28/19 07:23 AM
After Hurricane Michael came through last year and the general deterioration that happens in a home over time, many homeowners are coming to me to ask how to sell a house that needs repairs. Often, homeowners feel trapped, assuming that their house must be in pristine condition to sell it.
Luckily for home sellers, the present inventory shortage makes it quite possible to sell a home that is not in perfect condition. If you are a home seller in this situation, you have two options: make the repairs or choose an appropriate price for your home.
1. Make The Repairs
You can always choose … (2 comments)
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joe manausa real estate: 3 Easy Steps To Sell Your Home
- 01/31/19 06:41 AM
The process of selling a home can be overwhelming at first. There are numerous components to think about - how to pack everything in boxes while you're still living in the house, what time of year to sell, what to do about showings when you have young children (or pets) at home. The list just keeps going.
Fortunately, I've boiled it down to the three most important steps on which you should focus. While I cannot promise the process will be completely smooth, I am sure that if you follow these instructions, you'll get your home sold quickly and for top dollar.
1. … (4 comments)
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joe manausa real estate: Lower Your Property Taxes In 10 Minutes
- 01/23/19 12:29 PM
When it comes to taxes, everyone enjoys saving money. However, did you know that you might be paying more than you should on your property taxes? If you bought a home and didn’t file for the homestead tax exemption, then you are paying extra on your taxes. Below, I’ve explained all the steps to apply for this exemption. Just be sure to submit the application prior to the deadline of March 1st.
What Is The Homestead Tax Exemption
The homestead exemption allows for the County to exempt a part of your home’s value when determining the taxable assessed value. Anyone who owns … (3 comments)
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joe manausa real estate: The 3 Reasons You Will Want A Buyer’s Agent When Purchasing A Home
- 01/15/19 10:58 AM
Nearly all homebuyers want to save the most money possible when they purchase a house. One way they often try to do this is by not hiring a real estate agent. Since home sellers pay commission to both their listing agent and the buyer’s agent, some homebuyers prefer to work directly with the listing agent in order to try and put the buyer agent’s commission back in their pocket.
While this tactic seems to make financial sense, it usually ends up costing the buyer a significant amount of money or hinders them from being able to buy the house they love. Below are … (37 comments)
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joe manausa real estate: 3 Tasks to Complete Before Selling Your Home
- 12/11/18 08:43 AM
You’re going to have to put in some work if you plan to sell your house fast and for top dollar. Selling a home takes more than just placing a sign in the front yard and waiting for a buyer to come along. Before you have a real estate agent actively market your home, there are three essential tasks related to home inspections and repairs to complete.
1. Order A Home Inspection.
Since it can be expected that almost any potential homebuyer will have your home inspected before buying it, why not order the inspection yourself? You will be required to pay … (6 comments)
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joe manausa real estate: The Internet Has Greatly Improved Buying And Selling Homes
- 12/05/18 12:17 PM
The real estate industry has seen big changes over the years, but the Internet has been the biggest development. The development of the Internet has helped buyers become more informed, real estate agents market homes digitally and homeowners sell their houses faster. In order to be a home buyer or home seller who comes out on top, you’ll need to know how to best use today’s technologies.
Changes for Home Buyers
Studies have shown that 94% of people looking for homes to buy are using the Internet during their home search. Through the use of advanced property search tools, buyers have easy access to … (6 comments)
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joe manausa real estate: Consider A Home's Resalability Before You Buy
- 11/28/18 09:08 AM
There are numerous elements involved in choosing a home to purchase, but there is one significant factor that is often overlooked by potential homebuyers. Although you may intend on living in your next house for a long time, you should always think about the resalability of a home.
Considering this factor can help homebuyers easily decide between two houses they love and promotes wise financial decisions. Often times, there are characteristics of a home that could discourage buyers, but aren’t regarded as an issue by all homebuyers.
For example, people who do not plan on having children, or whose children are grown, may … (3 comments)
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joe manausa real estate: It’s a seller’s market, so why isn’t your home selling?
- 11/07/18 10:35 AM
Over the last couple months we have seen a slight decrease in home sales, which appears to be related to rising mortgage interest rates. However, the real estate market in Tallahassee is still in a very strong seller’s market. Home sales through October have increased more than 2% in relation to sales through October last year, and housing inventory is still very low.
Therefore, home sellers are currently enjoying a sellers market and should be able to sell their homes fast and for top dollar. There are three issues you’ll want to consider if you are faced with a home that is … (4 comments)
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joe manausa real estate: How To Avoid Significant Expenses AFTER Selling A Home
- 10/23/18 02:07 PM
Florida law requires home sellers to disclose all known defects that could adversely affect the value of a house to a potential buyer. This is usually achieved through the Seller’s Property Disclosure form which is given to the buyer when they are thinking about making an offer. When handled correctly, this statement creates a smooth real estate transaction for both the seller and buyer. However, it also has the potential to kill a deal or worse, result in costly expenses or legal actions, particularly when sellers forget to do one very important task.
1. Keep it current.
This is the point at which … (23 comments)
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joe manausa real estate: The Real Way to Determine Your Home’s Value (Hint: It’s Not on Zillow)
- 09/26/18 07:35 AM
You are probably know that that Tallahassee’s real estate market is doing well at the moment, but are you aware of the value of your home in today’s market? When asked, clients often say something like “Well, the Zestimate of my home is…”.
The price they list is occasionally close to the actual value of their house, but other times it’s far from correct. In fact, when the CEO of Zillow sold his own home a while ago, he sold it for 40% less than what Zillow said the home was valued at. Perhaps he’s just a generous man ...
Zillow’s Zestimate, along … (24 comments)
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joe manausa real estate: Who Goes House Hunting in the Rain?
- 09/20/18 05:49 AM
The rainy weather seems to have no end, but there is a relevant home buying lesson that you should be aware of. Homebuyers often cancel appointments on rainy days. This is a huge mistake.
Poor weather makes for an opportune time to look at potential houses, as the rain can reveal important issues with a property or the neighborhood as a whole. Some places in Tallahassee are prone to flash flooding (or at least water build-up), and some properties and low lying areas experience worse conditions than others. The next time you find yourself ready to go looking at houses and the … (5 comments)
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joe manausa real estate: Homebuyer Beware: Don’t Make These 4 Costly Mistakes
- 08/29/18 07:25 AM
With almost 30 years of experience in the real estate industry, I have gained a lot of wisdom from the experiences of both buyers and sellers. Below, I’ve outlined four common mistakes that I have seen repeated by many homebuyers throughout the years and tips on how to avoid making them.
1. Failing to consider your current budget
One of the first things people should do when they are thinking about buying a home is meet with a real estate agent with expertise in working with buyers. They will assist you in assessing market conditions, prioritizing your wants and needs, identifying your most … (28 comments)
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joe manausa real estate: The State of the Tallahassee Real Estate Market
- 08/06/18 12:42 PM
Many people believe that understanding real estate market trends is too technical or difficult to comprehend, but it’s much easier than you think. All you need to do to anticipate real estate market movements is study the short and long term trends in housing inventory. Alternatively, you can read my market recap, below.
There are four rules about the housing industry that are helpful in discerning market trends:
A “good” real estate market simply means that you can sell your home when you want to move. A “balanced” market occurs when housing inventory levels are in the 4 to 7 months of … (0 comments)
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joe manausa real estate: 2306 Delgado Drive, Tallahassee, FL 32304
- 10/23/14 05:36 AM
… (2 comments)
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With a shortage of houses for sale in Tallahassee, we are experiencing a seller's market. Historically, this has resulted in more people trying to sell homes without the help of a Realtor due to demand being so high.
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