Blog & News
The Right Way to Search for Real Estate
How much does it cost? Where is it located? Can I see pictures?
Your search for a new home, townhouse or condo usually starts with these basic questions - and the web search begins. When properties come on the market and are listed with MLS, information is distributed to real estate associations, brokerages and ultimately are added to a website, newsletter or printed listings where you, the real estate buyer, see the listing.
But is that enough information for you to make a decision that will be a significant purchase, an essential investment and a home to you and your family?
Bealocaldestin allows you to dig deeper into the history of a property. Our searches tell you a more indepth story by listing the initial listed price as well as previous listing and sale prices spanning the life of the property or home. The Status of a property can tell you even more. Status refers to whether a listed property is Active, Inactive, Expired, Contingent or Pending and updates every day.
If you searched 30 to 40 active homes six months ago, there is a good chance at least 30% are no longer “active” and are expired or pending/sold. The average months a home stays on the market has dropped dramatically. The average price per square foot and average home price have increased across the Destin - 30A area. Factor in fewer listings and the picture becomes clear - if you are a serious buyer for that first, second or vacation home in the Destin area, how you search will determine how well you make a real estate buying decision.
An indepth search allows you to build a portfolio of the actual data needed to make a buying decision. How accurate that data is depends on the source. How important that accurate data is depends on the buyer. National statistics, regional news snippets and a plethora of real estate websites may give you a macro view of the market but won’t equip you with the information you really need to make your home buying decision.
A detailed search within bealocaldestin or bealocal30a, namely the Status of a property, will give you an accurate picture of what is actually selling, at what price and how soon. Register to become a member and gain full access to start searching for your new home.
Destin Area Homes and Townhouse-Condos: Now is the Time to Buy
According to June 2012 ECAR (Emerald Coast Association of Realtors) data, there are many key indicators pointing to a rebounding market, with the potential for the bottom to be behind us.
Average home sales price has increased 10.8% from - $273,773 in June 2011 to $303,361 in June 2012 ; Average price per square foot has dramatically increased from $202.50 in June 2011 to $230 in June 2012; Months of home inventory has decreased from 12.1 months in June 2011 to 8 months in June 2012; with a Total monthly volume increase from $112,000,000 in June 2011 to $118,000,000 in June 2012.
What are you, the educated home buyer, going to do?
Inventory continues to decline, in both total units available - and total months on the market. Prices are going up - both in square footage and mean home price. Every new, second or vacation home buyer is looking for the best real estate deal - the question is how long can you wait - and will the wait cost you more time and money?
Price, availability and timing are the "golden formula" to any real estate purchase. While previous short-term "upticks" haven't lasted - the YTD and June 2011 to June 2012 comparisons have all seen positive growth.
The townhouse-condo overview has also seen tremendous rebounds respectively and mirror the aforementioned single-family home performance; both June 2011 - June 2012 and YTD. New listings has declined 13.4%, with an increase in average sales price a whopping 37.6%. Months supply has also shown impressive performance - from 17.6 in June 2011 to 10.8 in June 2012 - a 38.8% drop.
So whether you are looking for that first time home purchase, second home or vacation property - the Destin area offers both single-family homes and townhouse-condo real estate that continues to perform, while bucking the national trends for sustained growth.
Contact an Eimers Group Real Estate agent and register for free at: www.bealocaldestin.com to take advantage of the search features for a sound real estate investment.
Education is Key to a Positive Real Estate Experience
Have you ever searched for real estate? Are you accustomed to the normal web-based process of searching for property through several different websites to hopefully find the perfect property?
Most real estate brokerages are simply giving you the very same information that all the others are giving you: property listing price, some details, a few photos and of course the realtors contact information. Ask yourself - what’s that really worth? Are you getting the kind of information, data or history that will truly help you in making a valued selling or purchasing decision?
It can be daunting. It can be confusing. It can be expensive and time consuming experience.
The best real estate transaction is one that includes an educated buyer and an educated seller. Where you have the ability to see all; the listing price, the property’s history, the current buy/sell history of the neighborhood or area and the sold property’s details. THAT is the real value and should be on hand when deciding on that primary residence, second home or vacation property.
Markets fluctuate in cycles. “Macro” cycles and “micro” cycles can be the difference of thousands, if not hundreds of thousands of dollars and can change monthly, quarterly, yearly or in chunks of many years combined.
If you are looking in the Destin - 30A area - you will be happy to know our real estate property sites educate both the buyer and the seller in the sale of the perfect home, condo or townhouse at www.bealocaldestin.com and www.bealocal30a.com We invite potential buyers and sellers to become members for an educated experience to make the best buying and selling decisions - and the ability to play an active, knowledgable part of the decision with their agent or broker.
Each week, we will detail the benefits of Searching Like a Realtor within or blog - and encourage your feedback and experience to help you make the best, most informative decision to a real estate transaction.