What To Know About Realtor Fees in Florida [2024]

 What To Know About Realtor Fees in Florida [2024]

As the real estate industry evolves, understanding the changes in realtor fees in Florida is more important than ever. These fees, which have long been a staple of real estate transactions, are about to undergo significant changes due to new regulations taking effect in August 2024. These changes stem from a federal lawsuit that challenged the longstanding practices of the National Association of Realtors (NAR) and several major brokerages. The result? A shift in how realtor fees are negotiated and paid, which could have a direct impact on how you sell your home.

Let’s dive into what these changes mean and how they could affect your next real estate transaction.

What Are Realtor Fees? An…

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What is the Average Square Footage of a 3-Bedroom House

What Is the Average Square Footage of a 3-Bedroom House

Three-bedroom houses are quite popular among a variety of homebuyers, from small families to young professionals to people easing into retirement. A 3-bedroom home has enough space for a young, growing family to raise children in, while saving for more space in the future. First-time homebuyers are also drawn to 3-bedroom homes for their versatility and space to share with roommates, family, visitors, and even a designated office space. Folks entering into retirement may want an additional room for visiting family and grandchildren. No matter what your reason, finding 3-bedroom homes for sale in Winter Haven, Fl, with enough square footage is an important aspect of the home buying process to…

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Central Florida Real Estate Recap of July 2024

July represented another strong month in the housing market as many families worked to squeeze in their moves before the start of the new school year

State of the Market

  • July’s interest rate was recorded at 6.6%, down from 6.7% in June.
    • In ORRA’s new survey of Orlando REALTORS, 52% of respondents cited interest rates as the top challenge for buyers, causing some buyers to wait out purchasing homes right now or look at lower price points.
  • The median home price for July was recorded at $390,000, down from $395,000 in June. June was the highest monthly median home price on record in the Orlando area.
    • Home prices were cited as the second biggest…

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Best Tips for Home Sellers in 2024

Best Tips for Home Sellers in 2024

As we navigate through 2024, the housing market is showcasing several notable trends that are shaping the buying and selling landscape. With remote work becoming a mainstay, more buyers are seeking homes that accommodate this lifestyle shift. Interest rates, while fluctuating, remain a significant factor influencing buyer decisions. Understanding these trends can help you set realistic expectations and strategically prepare your home for sale. Let’s dive into the best tips for home sellers this 2024. 

Embrace Smart Home Technology to Increase Property Value

Integrating smart home technology into your property can significantly boost its appeal to modern buyers. In 2024, features such as energy-efficient…

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ANNOUNCING THE WINNER OF The 2024 SAVE THE EVERGLADES SCHOLARSHIP!

Save the Everglades 2024 Winner At Florida Realty Marketplace, we not only specialize in helping people buy and sell homes, but we're also strong advocates for environmental preservation. As part of our commitment to protecting the unique ecosystem of the Florida Everglades, we established the Save the Everglades Scholarship, a $500 award for students in the Science or Legal field. Today, we are excited to announce the winner of our scholarship award, Daniela Torres!

Meet our Scholarship Winner: Daniela Torres

Daniela is a dedicated and passionate student from the Bay Area who is gearing up for her freshman year at the University of Texas at San Antonio. However, she has already accepted an offer to…

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Central Florida Real Estate Recap of June 2024

June 2024 had the Highest monthly median home price on record in the Orlando area

State of the Market

  • The median home price for June was recorded at $395,000, up from $385,000 in May. This is the highest monthly median home price on record in the Orlando area. This is the second time in 2024 the record has been broken.
  • Inventory for June was recorded at 10,796, up 5.0% from May when inventory was recorded at 10,282. This is the sixth month in a row inventory has risen. The last time inventory was this high was November 2015.
  • Overall sales fell 10.6% from May to June. There were 2,601 sales in June, down from 2,909 sales in May. This breaks a four-month…

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Why Disney's Residential Community Is a Bad Buy

why_disneys_residential_community_is_a_bad_buy

The magical allure of living in a Disney-themed community can be irresistible for fans dreaming of a fairytale lifestyle. Disney's new venture, Storyliving, promises to deliver an enchanting experience complete with distinctively designed spaces and unique amenities. However, before deciding to live happily ever after in one of these communities, it's crucial to consider the potential drawbacks that might disrupt the magic. This blog explores why investing in Disney's residential communities may not be as enchanting as it appears.

The High Cost of Fairytales: Potential Downsides of Disney's Residential Communities

Disney's Storyliving communities, such as the upcoming Asteria in North Carolina…

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The Best Schools Near Orlando: A Guide for Family Homebuyer

The Best Schools Near Orlando: A Guide for Family Homebuyer

Orlando is a vibrant city that thrives on its family-friendly atmosphere.  For families moving to Orlando, finding a home in the right school district is a top priority.  Excellent schools provide a strong foundation for a child's education and can contribute to a higher quality of life for the entire family. Below we explore the best schools near Orlando, Fl. 

Understanding Orlando's School System

Orlando's educational landscape offers a diverse array of schooling options, including public schools, private schools, and charter schools, each tailored to meet different educational needs and preferences.

Public Schools: Managed by school districts, Orlando's public schools are…

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Central Florida Real Estate Recap of May 2024

Inventory surpasses 10,000 homes for first time since 2016

State of the Market

  • Inventory for May was recorded at 10,282, up 9.7% from April when inventory was recorded at 9,376. This is the fifth month in a row inventory has risen. The last time inventory was this high was September 2016.
    • Inventory was 99.7% higher than May 2023.
  • Overall sales rose 5.4% from April to May. There were 2,909 sales in May, up from 2,759 sales in April. This is the fourth month in a row that sales have risen.
  • The median home price for May was recorded at $385,000, down from $388,500 in April. April was the highest monthly median home price on record in the Orlando…

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Timing the Market: When to List Your Home for Sale

TIMING THE MARKET: WHEN TO LIST YOUR HOME FOR SALE

Deciding when to put your home on the market can feel like trying to hit a moving target. The timing of your listing plays a significant role in determining how quickly your home sells and at what price. Understanding market dynamics can turn your decision from a game of chance into a strategic move. In the bustling real estate environment of Central Florida, timing isn’t just a minor detail—it's a critical part of your selling strategy.

When to List Your Home for Sale (Best Seasons To Sell)

Spring & Summer: The Peak Seasons

During the spring and summer months, the real estate market typically experiences a surge in buyer activity, making these seasons ideal for listing your home. The…

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