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Comps Vs. Market Stats

Comps Vs. Market Stats

Comps Vs. Market Stats

Comps Vs. Market Stats

 

Comps are something all agents are familiar with — how they work, how to use them in a deal, and how they set the tone and price.

Comparables, also known as “comps,” are properties used for comparison in the real estate appraisal process. When looking at comps, real estate professionals find out how much other homes in the area, of similar size and with similar amenities, sold for to gain a better sense of how the home on the market should be priced. Comps narrowly compare like homes to one another in a small area, where as market stats look at all houses within a broader area like a zip code, metropolitan statistical area (MSA), county of the entire state. When do you want to use market statistics instead of comps? When you’re trying to get a sense of the marketplace and how key elements have changed over time.

What are the differences between comps and market statistics, and more importantly, when should you rely upon one over the other?

  • COMPS: Consumers who have already decided to purchase something can use this stat to assess what options they have available; sellers can use this stat to assess how their product compares to that of other products currently on the market.
  • MARKET STATS: Professionals use these to gauge the health of the marketplace as a whole and to set expectations during the transaction. It provides them with information about the market’s competitiveness, pricing trends, whether buyers or sellers prefer the market, and how quickly assets will move in the market.

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Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Clermont Vacation Home for Sale

Clermont Vacation Home for Sale

Clermont Vacation Home for Sale

16722 Hidden Spring Dr, Clermont, FL

$379000

4bed – 2bath – 5227.2 acres lot

Currently a successful vacation rental this well maintained home would also make a beautiful primary residence or second home. Located in the popular Glenbrook community just minutes from Disney World and all the central Florida attractions the home is being sold furnished as seen (including the pool table and air hockey in the garage) and has plenty of bookings to transfer to a new owner if desired. Great split floor plan with a fully equipped kitchen at the heart of the home, the property is tiled throughout with the exception of the bedrooms. Double sliding patio doors provides access outside to the extended pool deck and the south facing pool enjoys the Florida sunshine all day long – perfect for relaxing and plenty of space for entertaining. The HOA fee includes cable, internet, phone, and lawn maintenance and the community amenities include a clubhouse, fitness center, tennis court, volleyball court, pool and playground. Looking for your new home or investment property….this is it!

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Vacation Davenport Home ust Listed

Vacation Davenport Home ust Listed

Vacation Davenport Home ust Listed

1750 N HAMPTON DRIVE, DAVENPORT, FL

$419000

4bed – 3bath – 0.17 acres lot

Located in the extremely popular Highlands Reserve golf community. Minutes from Disney, this fully furnished pool home is currently used as a vacation rental but would equally make a beautiful primary residence. Formal living and dining rooms at the front of the home provide access through to the upgraded kitchen with 42″ cabinets and granite counter tops. Great split floor plan with a good sized family room separating the master bedroom from the other bedrooms. The master bedroom benefits from an en-suite bathroom with dual sinks, tub, separate shower and walk-in closet. Bedroom two has an en-suite bathroom that doubles as a house bath and bedrooms three and four share the third full bathroom. Double sliding patio doors provide access outside to the extended pool deck with plenty of space to relax and enjoy the private in-ground pool with unobstructed views to the wooded area beyond….no rear neighbors and beautiful Florida sunsets. New cabinets and granite in all bathrooms and new A/C in 2021. Situated on a quiet road at the very back of this sought after community we only have a few days available to view the home so request your showing today.

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Staging Your Home for Sale

Staging Your Home for Sale

Staging Your Home for Sale

To Stage or Not to Stage?

Here’s a look at how home staging can pay off, according to a survey of buyers’ and sellers’ agents.

82% of buyers’ agents said staging a home made it easier for their clients to visualize the property as a future home.

23% said home staging raised the dollar value offered between 1% and 5%.

31% said home staging decreased the amount of time a home spent on the market.

Which rooms to stage?

Real estate agents said the following rooms were the most important areas to stage in a home on the market:

46% living room
43% master bedroom
35% kitchen

Benefits of Home Staging

Home staging benefits might seem like something only the upper class think about. Having your home set up like a model room in a department store seems unnecessary at first glance, but think why department stores bother to set up model rooms.

Step Up the Appeal

One of the benefits of staging your home is that it can make it seem much more luxurious, clean, and comfortable than it normally is. The magic of home staging tricks potential buyers into thinking their lives will be comfortable, clean, and luxurious if they buy your home.

Get Higher Offers

The importance of staging a home can go beyond looks. Homes that have been staged have an increased chance of getting offers over the asking price than those that have not been staged. Agents from the National Association of Realtors found that staging your home could boost your offers by 5%.

Lessen Time on the Market

It’s likely that you aren’t getting offers on your home because people are struggling to see themselves living in your home. You might need to change the layout a little bit, fix some minor damages, or clean up.

More than half of all sellers agents asked have said that staging a home can reduce your house’s time spent on market.

Source: National Association of Realtors® 2021 Profile of Home Staging

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Florida Best for Retirement

Florida Best for Retirement

Florida Best for Retirement

Florida Ranked No. 1 State for Retirement

 

Report: The state came in No. 1 for reader feedback, No. 5 for quality of life, No. 8 for affordability and No. 39 for health care.

TULSA, Okla.– According to RetirementLiving’s 2022 Best States for Retirement report, Florida ranks No. 1 in reader feedback, No. 5 for quality of life, No. 8 for affordability, and No. 39 for health care.

The top 10 states on the 2022 list are Florida, New Hampshire, Arizona, North Carolina, Alaska, Texas, South Dakota, Washington, Nebraska and Alabama.

According to the rankings, Illinois is the worst state for retirement.

The report ranked states based on 13 data sources and reader feedback to measure states on cost of living, quality of life, health care and other categories.

Source: South Florida Agent (04/25/22) Regan, Patrick

© Copyright 2022 INFORMATION, INC. Bethesda, MD (301) 215-4688

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Clermont Greater Groves House Just Sold

Clermont Greater Groves House Just Sold

Clermont Greater Groves House Just Sold

2243 PINK GRAPEFRUIT TRAIL, CLERMONT, FL

$299000

3bed – 2bath – 0.2 acres lot

Located in the Greater Groves community on Hwy 27 just a couple of miles north of Hwy 192 in beautiful Lake County. Well maintained, this delightful three-bedroom home is close to shops, gas station, restaurants, schools, and the new South Lake Hospital. The widened driveway leads to a small paved area at the front of the home and a new storm door lease into the home. The split floor plan features the master bedroom (with en suite) to the left, living kitchen and dining at the center of the home, and bedrooms two and three sharing a house bathroom are on the right-hand side. The living area provides access through sliding patio doors onto the rear screened porch perfect for relaxing or entertaining. Outside two further paved patio areas and a completely fenced rear yard also benefit from a 12 x 10 garden shed with electricity making it an ideal workshop as well as storage for the hurricane shutters. The roof, hot water tank, microwave, washer, and dryer have all been replaced. A new A/C unit and refrigerator were installed in 2020. Minutes from Disney and all the Central Florida attractions the property would make a great primary residence or snowbird retreat.

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Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.