Terrie's Talking Real Estate

07/14/2020

Ormond Lakes Pool Home https://tourwizard.net/92df9019/

06/03/2019

Listing price drops don’t reignite number of online views

Homes get 3.4 times more online views the day they're listed than they do on the day the seller drops the price, according to a new report.

The analysis looked at more than 1.2 million listings' daily page views by potential buyers relative to the listing date and the date of the first price drop.

"It's critical to price your home to sell from the start," says Redfin Chief Economist Daryl Fairweather who conducted the study. "Fair or not, buyers judge a home by how many days it has been on the market. A home that has been on the market for more than a few weeks has a scarlet letter on it, and buyers will wonder why no one else wanted to buy it. Dropping the price can help get your home onto the radar of some buyers who are searching for homes priced just below the original price, but you likely won't be able to regain the appeal of a newly listed home."

A home listing viewed by 100 buyers online on its first day receives an average of just 17 daily views after 30 days on the market. Dropping the price boosts that to 29 views, but the bump only lasts a single day. The day after a price drop, the home's views fall back down to 18 per day.

Online views of home listings drop off steeply after the first day, with half as many visits on day two and a quarter as many after a week on the market.

During the four-week period ending May 19, nearly a quarter (24.2%) of homes for sale had a price drop, up from 21% a year earlier but down from the 30% record high posted last October.

It's increasingly important to make a home as appealing as possible to the most serious buyers, who often receive alerts when a home is first listed.

"It can be tempting for a seller to price their home a little high to avoid leaving money on the table," says Seattle Realtor Dorothee Graham. "If we have to drop the price, I'll run a new comparative market analysis (CMA) so the seller can see how much similar homes nearby are listing and selling for. Then I offer to take them in person to tour those properties so they understand where their home should be priced."

Graham says she also pulls a list of everything available in the seller's price range. "I'm recommending so they can see what else is out there, regardless of property type, size and condition, because this is how buyers are searching," adds Graham. "A seller might want to reduce their price by just $10,000 to $15,000, but I advise that this won't work unless it puts them in a different price bracket. When you do a price drop, it has to be meaningful."

© 2019 Florida Realtor

12/23/2018

Here is a list from the News Journal of some great Christmas Lights to look at around the area. But my family's favorite is the Twilight Hotel off US1 in Holly Hill

Daytona Beach
773 Greenway Place, Daytona
247,251,257,260 S. Lanvale Ave.
1320 Laurel Drive Daytona
3064 Liberty Street, Daytona
316&354 Tarragona Way Daytona
Daytona Beach Shores
3064 Liberty St., Daytona Beach Shores (corner of Liberty and Van Avenue)

Holly Hill
230 LPGA, Holly Hill
1106, 1114 and 1122 Holly Ave., Holly Hill
1581 Mobile Ave, Holly Hill
1125 Ridgewood Ave Holly Hill
1217 San Jose Blvd., Holly Hill

Ormond Beach
3, 5, and 7 Buckthorn Look Ormond Beach
315 Fir St. Ormond Beach
182 Holland Road, Ormond Beach
1308 Northside Drive, Ormond Beach
1312 Northside Drive, Ormond Beach
2189 Old Dixie Highway Ormond Beach
111 Pine Creek Court, Ormond Beach
2 Sweet Meadow Court, Ormond Beach
116 Timberline Trail, Ormond Beach
63 Village Drive, Ormond Beach

Ponce Inlet
87 Calumet Ave., Ponce Inlet

Port Orange
204 Cambridge Blvd, Port Orange

04/12/2018

Gov. Scott signs real estate-related bills into law


CS/HB 935: Mortgage regulation
The new law revises Ch. 494, Florida Statutes, governing non-depository loan originators, mortgage brokers and mortgage lender businesses subject to regulation by the Office of Financial Regulation to provide greater consumer protections. In some cases, the changes could impact the way home flippers finance repairs using a short-term loan before re-selling a property.

The new law defines the term "business purpose loan" and says that it's unlawful for anyone to misrepresent a residential mortgage loan as a business purpose loan. It also defines the term "hold himself or herself out to the public as being in the mortgage lending business." It's currently acceptable for an individual investor to make or acquire a mortgage loan with their funds, or to sell a mortgage loan, without being licensed as a mortgage lender, providing they don't "hold himself or herself out to the public as being in the mortgage lending business."

The law is the Florida Legislature's response to alleged unlicensed mortgage lending activity in South Florida. According to reports, some lending entities provided residential loans with usurious interest rates and high fees made under the guise of business purpose loans in order to avoid licensure and disclosure requirements under Ch. 494, F.S., as a mortgage lender. In some cases, they allegedly forced the borrower to form a limited liability company if they wanted the money.

Effective date: July 1, 2019.

12/01/2017

Volusia County’s already hot housing market is predicted to burn even brighter in 2018.
A new national report forecasts the “Deltona-Daytona Beach-Ormond Beach” area will be the third-hottest housing market in the country next year, with sales of existing single-family homes expected to rise 5.5 percent in 2018, while the median sales price of homes that change hands is forecast to climb 6 percent.
The only metro areas expected to see stronger growth next year are the areas around Las Vegas, Nevada, and Dallas-Fort Worth-Arlington, Texas, according to the report by Realtor.com, a Santa Clara, California-based subsidiary of News Corp. that operates under a license from the National Association of Realtors.
In Florida, the only other metro area to make the top 10 list for next year is Lakeland-Winter Haven at No. 5, with a projected 3 percent increase in home sales and 7 percent increase in median sale price.

11/30/2017

10/26/2017

The Casements, the riverside jewel of Ormond Beach! You are cordially invited to Rockefeller Revisited, an evening at the former mansion of Mr. John D. Rockefeller, on October 28th from 6 to 9 p.m. Venture back to 1931 and view the home as you have never seen it before! Follow Miss Lillian, the former housekeeper for Mr. Rockefeller, around the abode via candlelight and meet famous guests from the past! All ages are welcome to enjoy food, drink, music and merriment!
Reenactment tours are given every half hour from 6 to 9 p.m. Rockefeller Revisited tickets are currently on sale at The Casements located on 25 Riverside Drive, Ormond Beach or by phone at 386-676-3216. Tickets are $5 each; children under 12 are free! Please purchase your tickets early; only a limited number of tickets will be available to purchase at the door!

08/31/2017

Looks cool to try.

08/27/2017

Road Closure of John Anderson Drive between Standish Drive and Dormont Drive

John Anderson will be closed between Standish Drive and Dormont Drive on Tuesday, August 29, 2017 between 9:00 a.m. and 5:00 p.m. to allow City of Ormond Beach Utilities to perform work on the sanitary sewer system.

During this closure, traffic will be detoured using Standish Drive and Dormont Drive please use designated detours. Once work is complete the roadway segment will be opened and traffic will be permitted to resume

07/19/2017

Lifetime Senior Pass $10.00 until August 28, 2017 to US National Parks

Seniors: Get Your US National Parks National Parks Lifetime Pass Now Or Pay More Later – Before August 28, 2017

The United States government offers senior citizens (62+) entry into our national parks, a lifetime pass. Seniors have been able to purchase a lifetime pass to our national lands for $10. Not only does it get them into the park, it also includes entry for everyone in their vehicle. Most of the big parks like Yellowstone, Glacier, and Yosemite charge $30 for a 7-day pass, so this is obviously an incredible bargain.
But it’s about to get a lot more expensive since President Obama signed the National Park Centennial Act. This will raise the price of a senior pass from $10 to $80. Sure, it’ll still be a great value, but if you can still get it for $10, why not?
How do I get a Senior Pass?
It’s pretty easy to get the pass and there are two ways to go about it:
https://store.usgs.gov/senior-pass
OR
In person at any National Park
In the past, I would have advised seniors to pick up the pass at the first site they visited after turning 62. That process is generally easier and doesn’t involve any paperwork since they just confirm your eligibility and issue you a pass on the spot.
The other option is to buy it online. In this case, you need to include a copy of a photo ID so they can verify your age. They also charge a $10 processing in addition to the $10 fee for the pass, effectively doubling the price. Even so, for those who don’t live near a National Park, this is probably the best option.