Power Brokers Real Estate, Inc.

10/12/2024

It's sad what has happened to homes these last 100 years. Instead of adding unique details builders are value engineering.

09/03/2024

Pet friendly rentals are at a premium too.

Real estate professionals are figuring out ways to highlight pet-friendly property features to entice consumers.

08/19/2024

Great article on industry changes.

New rules on commissions may have brokers singing for their suppers.

08/03/2024

By now you have heard that there are significant changes to the real estate industry brought about from lawsuits and the DOJ. If you are a buyer, you will be required to sign a showing/compensation agreement before working with an agent to see homes. Home sellers are NO LONGER required to compensate buyer's agents and as a buyer you could be on the hook to pay your agent if you want to buy a house and the seller is unwilling to agree to a commission concession. All compensation is now negotiable on the buyer's side.

While first time home buyers may be the most impacted by the changes (which is not great for the housing market), there are some positive aspects:
1. I honestly think the changes are great for the industry as too many "buyers" used agents and were not loyal to any one agent, often wasting our time.
2. This change will also reduce showings from "buyers" that were just looking and had no intention of buying a home and/or seeing a home without the necessary financial qualifications. Think about those Zillow buyers agents that would just show up to show your home with people they have never met that were probably not serious buyers in the first place.
3. These changes will w**d out many people in the real estate business that were never really fully committed to the profession. Part-time agents might need to look inward and decide if they are going to be committed to this changing landscape within the industry as well.
4. Brokers that use the team model and often took credit for the leg work of others beneath them will actually have to get up and start doing a little more work themselves as I suspect the newbie buyer's agents will leave the industry faster than ever.

If you have questions about these industry changes we are here to help.

02/24/2024

Rising insurance costs in Florida continue to be a significant barrier to home ownership in our state.

Surging home insurance premiums are the latest obstacle to homeownership for millions of Americans, who are already grappling with steep mortgage rates.

02/13/2024

Interesting changes to home ownership demographics in the US and Florida.

More than 14.5% of homes in Florida are owned by single women, compared to 10% by single men.

12/09/2023

Unfortunately wire fraud is a continuous issue for the real estate community. This story is tragic. Always verify wiring instructions by calling a title company and bank directly at their published phone numbers. Hackers are known to gain access to email accounts which leads to these tragic events.

A southwest Florida couple is out nearly one million dollars after they were tricked into wiring money to a fraudulent account.

09/18/2023

3536 Cherry Blossom Ct #104 is officially under contract!

09/17/2023

Thinking of painting your home before listing it? Check out these fantastic options

08/31/2023

Just closed for a full price offer of $349,900. We were excited to help our seller with a quick sale so that she was able to timely relocate for a new work opportunity.

08/18/2023

This real estate professional is correct, an assumable loan in this market can be a game changer for sellers.

07/30/2023

Attention investors: This house offers multiple options for rental income. Or this can be the perfect home for those families in need of a separate offices or inlaw space as it includes a 1/1 apartment with full kitchen and separate entrance. No HOA restrictions to deal with here.