By saying “real estate is hard” do I mean that marketing and selling real estate is so difficult only a genius can do it? Um, no, not really!
What I mean is that it can be difficult for the parties involved in a real estate transaction on so many levels.
For sellers, it can be difficult to decide which possessions to keep when trying to declutter and downsize. It can also be difficult to see your home the way buyers will see it, and understand that it may need some tender loving care before marketing it for sale. It can be difficult to get feedback from realtors or buyers that may not be favorable. It can be difficult when you get that first offer and it isn’t quite as much as you had hoped. Lastly, it can be difficult when you are packing everything up and leaving that home that meant so much to you.
For buyers, it can be difficult to understand that maybe the type of home you would love to buy and the type of home you can afford to buy are two different homes. It can be difficult to understand that the market where you are buying may be totally different than the market where you have been living. It can be difficult to find the right home to fit all of your large furniture that you are hoping to keep. It can be difficult to know if the home, neighborhood or area that you are choosing is really the best fit for you and your family.
So, yes, the decisions and transactions in real estate can be difficult and stressful. It is important to do your research, ask questions and ask for help in making those decisions. That process can and should include the right lender and the right realtor to help guide you through the process. Once you have made that decision to downsize and declutter, or that decision that you need to move to a larger home, or you definitely decide on a specific neighborhood, then, all of a sudden, the stress tends to melt away because you know you have made the right choice! Give me a call and let me know how I can help!
So, you have decided that it is time to move. Your current home no longer meets your needs, for whatever reason, and you want to market your current home for sale and find a new one.
What is the process? Well, that kind of depends on you and how you want the process to go.
Buy your future home, then sell your current home. Market your current home for sale, while shopping for your future home. Sell your current home and rent for some amount of time while you shop for and purchase your new home.
Your financial situation may dictate much of how this works. If you simply cannot afford to buy your future home before selling your current one, then that decision is made for you. Also, if you will need to sell your current home and close that loan prior to qualifying for a new home loan, again, that may be decided for you.
It is possible to have a somewhat simultaneous closing. I say “somewhat” because you will still need a few days to a week where you can store all of your personal belongings while you move out, clean and close on your current home and get closed on your new home.
Lastly, if you are just moving across town, that can be a much easier situation than moving across the country. I know, because I have done both. Each time we made it work, but each came with different decisions and challenges.
If you are thinking through the process and want to talk it out, just give me a call and let me know how I can help!
Do you want to be close to the beach? How about having your homeowners’ association do some of the yard work for you? Are you starting a family or downsizing? Are you going to be retiring and are looking for your future home? I would love to help you find your St. Augustine Home and have these great properties to offer:
17 Village Del Lago Circle
Choose a beach condo in a community with amazing amenities and beach access to use as a weekend getaway or place to settle into your retirement. Imagine stealing away to your own hideaway at the beach and it is your very own, beautifully decorated and furnished condo with soothing water views.
Enjoy the privacy of a home on a golf course and a screened lanai overlooking a lake and greenery. This home is built to be the center hub of an active day and a retreat to recharge. Just 5 minutes to historic downtown.
Tired of yard work? Have the HOA do it for you while you enjoy the beach and nights out in historic downtown. This is the best opportunity to own a home on the island and start living your beach life dreams.
Here is a selection of homes to choose from – there’s something for everyone!
7870 A1A South #302 | St. Augustine, FL 32080
Stunning ocean views from this penthouse, corner unit condo at Ocean House.
Expansive covered balcony. The views can be seen from everywhere within this top floor condo.
The interior is as striking as the view with the finest upgrades and design.
The owners have truly transformed this unit – after taking it down to the metal studs – and have lovingly enjoyed and cared for it since.
Beautifully designed kitchen arranged to allow the chef ocean views as well, with Meile appliances and Sub-Zero refrigerator with two freezer drawers, plus Sub-Zero two refrigerator drawer under-counter unit for easy access to drinks or fruit.
The sleek design of the Poliform Varenna Kitchen Cabinets topped with Calacatta Gold Marble countertop and tile backsplash adds elegance to the space, and, along with the pantry with Miele coffee system and plate warmer drawer.
During the remodel, the unit was fully rewired, replumbed and a/c ductwork all replaced. Windows and sliding doors replaced during remodel.
Electric roller shades by remote control to close some or all of the shades.
I get an email newsletter update every day from the Florida Realtors. Great information about all things real estate and other news as well. Yesterday, it mentioned a Wall Street Journal article that this may be the toughest Spring in years – and they didn’t mean all those nasty Spring storms that have been brewing all across the country, although that makes for a very tough Spring! It was referring to a tough Spring market for buyers in the real estate market nationwide. It can be felt here, in St. Augustine, as well. While prices and mortgage rates will increase, inventory of homes for sale can be tight or decreasing – especially for first time home buyers. That will be tough for buyers, but equally tough for sellers, who may have a difficult time finding the replacement home as they want to downsize or upsize and place their current home on the market.
What can you do? As a buyer, make sure you have your mortgage pre-approval. That way, when you do find the right home, at the right price, you can show the seller that you are ready to buy and there shouldn’t be any hiccups in the process. Make sure you are communicating everything you are looking for, but don’t be afraid to look in areas you may not have thought of or for home styles you may not have considered – that may help increase the number of homes available to you. And, remember, you may not find the perfect home – it may not have all the bells and whistles that you thought you wanted. Can you make some small adjustments after closing to make it the perfect home? In a tight inventory market, you may have to be a little more flexible. You can start your search for a home here: MyStAugustineHome.com.
As a seller, you may think that low inventory means you don’t have to do your due diligence. You still need to get your home ready for the market by decluttering, repairing, and making sure you have great curb appeal. Just because the inventory is tight, does not ensure that your home will be one to sell in two days or get multiple offers. It still needs to be appealing to the buyers in the market and be listed for the right price. Also, depending on the price point of your home, there could be more or less inventory, demand, etc., so keep that in mind. You will want to have your plan in place for where you are going after the sale. Be looking for your next home prior to listing so that you have an idea of neighborhoods and home styles you like. You may not be in the financial position to purchase your next home prior to selling your current one, but have a plan for either the next purchase, or for a short term rental until you can find that next home.
Let me know how I can be of help finding your first home, your next home or in getting your home ready for the Spring selling season! I am just a call, text, or email away!