Wednesday, April 19, 2023 / by Dave Magua
The real estate market in Jupiter, Florida is currently experiencing a seller's market. This means that the number of people looking to buy homes in Jupiter exceeds the number of homes available for sale. This creates a situation where homes sell quickly and prices rise as buyers compete for a limited number of homes.
As of March 2023, the median home price in Jupiter was $645,000. This represents a 7.1% increase from the same month in the previous year. This price increase is likely due to the high demand for homes in Jupiter and the limited supply available on the market.
Another factor contributing to the current seller's market in Jupiter is the low inventory of homes for sale. In March 2023, there were only 735 active listings in Jupiter, which is a decrease from the 912 active listings in the same month the previous year. This reduction in available homes for sale further exacerbates the competition among buyers, driving up home prices even further.
In addition to rising home ...
Monday, April 17, 2023 / by Dave Magua
Buying or selling a property can be both an exciting and daunting task. Whether you're a seller preparing your home for the market or a buyer looking for your dream home, it's important to know the value difference between a property that is well-prepared for sale and one that isn't.
Let's start by defining what we mean by a property that is not prepared for the market. This is a property that has not been staged, cleaned, decluttered, or renovated to appeal to potential buyers. It may also have outdated fixtures or appliances and noticeable wear and tear that has not been addressed. On the other hand, a well-prepared property has been carefully prepared for sale, with upgrades, renovations, and a professional staging to attract potential buyers.
The price value difference between these two types of properties can be significant. A property that is not prepared for the market is likely to receive fewer offers and may sit on the market for a longer period of time. Buyers may see t! ...
Thursday, April 6, 2023 / by Dave Magua
Renovations can be a great way to improve the look and feel of your home. Not only can they make your living space more comfortable and functional, but they can also increase the value of your property. Whether you're planning to sell your home in the near future or simply want to boost its bottom line, there are a few key renovations that you should consider. In this article, we'll explore the top renovations that can boost your bottom line and help you get the most out of your investment.
H1: Renovations That Can Boost Your Bottom Line
H2: Kitchen Renovations
One of the best ways to add value to your home is to renovate your kitchen. The kitchen is often considered the heart of the home, and a well-designed and functional kitchen can make a big difference in the value of your property. Here are some key renovations to consider:
Replace outdated appliances with energy-efficient models
Install new countertops and backsplash
Update cabinets with a fresh coat of paint or replace s ...
Thursday, December 1, 2022 / by Dave Magua
People often spend decades making their home a visual showcase of their life, family, interests and more. They enjoy having friends and relatives over to see what they’ve collected and displayed in rooms and on walls.
But when it comes time to finally sell the house, asking the owners to remove a lot of those personal items can be a sensitive topic for you as the seller agent. As you know, potential homebuyers liking something in a house for sale means little, but if they don’t like something–that could unnecessarily plant a negative association with that particular home in their minds.
We recently spoke with several REALTORS? who shared some sage advice and strategic tips for helping sellers make their home as neutral-appearing as possible so homebuyers can envision the space as being theirs.
Of course, helping them understand the importance of removing anything personal on view, such as family photos on walls, religious symbols, posters of celebrities or athletes) ...
Friday, November 4, 2022 / by Dave Magua
As happened during the Great Recession, home prices today are beginning to fall after experiencing an extended period of red-hot price gains.
But unlike those days, most homeowners have a trump card in hand: They’re still swimming in positive equity.
In fact, nearly half of U.S. residential properties with a mortgage in the third quarter of 2022 had equity that was greater than the remaining amount owed on their respective loans, according to a report Wednesday from Attom.
The real estate data provider found that nearly 49 percent of properties were “equity rich” by this standard last quarter. That represents a slight uptick from the previous quarter and a significantly higher share than in the same period in 2021 when 40 percent of homes were considered equity rich.
The amount of equity built up since the Great Recession — including a significant rise over the past three years alone — ensures a softer landing for many homeowneN ...