The Sandberg Team @ Ponte Vedra Key Realty
Real Estate Sales & Service in Nocatee, Ponte Vedra & Jacksonville, Florida
Every industry has it’s own jargon, or, language that’s fairly specific to a particular business. Real estate is no different. But with so much going on in a typical real estate transaction, and tight timelines to get it all done, it can be difficult to stop and get a handle on exactly what some words mean.
Here are a few words you might hear during a typical real estate sale, and what they mean:
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Closing costs are additional fees associated with selling real property. Fees include things like deed stamps (essentially, a tax on the value of the property), title insurance, appraisals, courier fees and the like. Both buyers and sellers have closing costs they will need to pay, and those costs can range anywhere between approximately 2% and 6% of the sale price.
Fortunately, there are a few things you can do as a seller to reduce your closing costs:
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30 homes sold in Walden Chase in 2019, and there were 37 new listings that came to market over the year.
Information is deemed to be reliable, but is not guaranteed. © 2024
Median sale price worked out to $318,000, nearly a 5% increase over 2018.
Information is deemed to be reliable, but is not guaranteed. © 2024
Average number of days on market was 71, down from 120 days in 2018.
Information is deemed to be reliable, but is not guaranteed. © 2024
If you’re a Walden Chase resident, keep an eye out for a postcard from us detailing some December, 2019, sales stats. And if you have questions about the market, or market value of your home, give us a call or fill out the form below:
Silver bullets are hard to come by in any industry. And real estate is no exception. There’s no one tactic that will always lead to a sale.
Sellers can be, let’s say, unreceptive, to this fact, however. They may have been told by a friend, co-worker, relative or neighbor that, “If your agent would just do X, you’ll have your home sold in an instant…worked for me.”
And, maybe it did work for them. But their house is not the same as your house. Their neighborhood is not the same as your neighborhood. Their pricing strategy & motivation is not the same as your pricing strategy/motivation. The market then, is not the market now. And so on and so on…
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Engage in any real estate transaction, especially here in NE Florida, and you’ll be introduced to any number of standard disclosures. Homeowner’s association disclosure, CDD fee disclosure, seller’s disclosure…there’s even a coastal construction line disclosure if you happen to be involved with property at the beach.
All of these disclosures are fairly self-explanatory. But when we talk about disclosure in the broader sense—what did you know, when did you know it and whom did you tell—things can get a little murky.
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