Market News

Market News


Friday, July 17, 2015

Agents Get Paid a 25% Referral Fee

Agents Get Paid a 25% Referral Fee

Agents if you have a buyer or seller and would like to earn a 25% referral fee call 239-659-2000 and ask for Ron. If the Buyer results in a purchase you will receive 25% of the buyer side commission, alternatively if the Seller results in a listing and sale you will receive 25% of the seller side commission.

What is the standard referral fee from agent to agent and or broker to agent?

Commission is calculated by a percentage of the SALES PRICE
A referral fee is calculated by a percentage of the COMMISSION based upon the sales price

Referral fees from agent to agent or agent to broker -- everything is negotiable. I've seen referral fees range from 25% of one side of the commission up to 50%.

Referrals are normally one sided - meaning I would refer a buyer to an agent (buyer's agent) in Omaha and I would receive 35% of his commission ONLY on the buying side.

Same goes for a seller referral - the referring agent would receive a percentage of the LISTING side.

If you are a FSBO you would offer either a percentage of the sales price (2-3%) or a flat fee to a buyer's agent (aka selling agent). You are acting as your own listing agent so there isn't a listing side of the commission. This is NOT a referral fee.... this is commission.


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posted by Ron Abboud at 6:09 PM 0 comments

Wednesday, June 24, 2015

Aerial Photography for Real Estate

Aerial Photography for Real Estate


  • Viewing real estate from the air
  • Determining what is on a piece of property
  • Agriculture 
  • Real Estate Photography
  • Real Estate Video 
  • Firefighting 
  • Wifi Broadcasting 
  • Wireless connectivity in disaster areas 
  • Tourism 
  • Conservation 
  • Real Estate Education 
  • Search & Rescue Research 
  • Newsgathering 
  • Live telemetry and gps data 

The cost for aerial photography is $75 per photo with a minimum of 3.

For more information and details as to who is an aerial photography expert or a aerial real estate photographer you can call 239-228-9300



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posted by Ron Abboud at 8:47 AM 0 comments

Saturday, March 28, 2015

Naples Real Estate Area February 2015 Market Report

Naples Real Estate Area February 2015 Market Report


Naples, Fla. (March 20, 2015) - An increase in the number of home sales in the over $300,000 price categories, overall rising median closed prices, and an increase in inventory in most price segments were just some of the trends included in NABOR's February 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). But the best news? These trends are expected to continue.
"We saw year-over-year growth in our overall median closed prices throughout 2014; and with February getting off to a similar start, we expect that trend will continue," Vice President and General Manager of Downing-Frye Realty and NABOR®'s 2015 President Mike Hughes said. "Our inventory remains low yet we ended February with 1,280 sales pending. This indicates a healthy market."

According to Kathy Zorn, broker/owner of Florida Home Realty, "February's activity revealed that sellers may not be sitting on the fence anymore. It's been 10 years of recovery and many homeowners who've weathered it may be at a place where they feel satisfied their property's value has recovered."
While overall closed sales activity for single-family homes remained even in February 2015 compared to a year ago, its inventory grew by 6 percent from 2,305 homes in February 2014 to 2,449 homes in February 2015. "I don't think the increase in inventory is necessarily all due to bracket creep," said Zorn. "Homeowners keep an eye on their property values. When they presume their home has rebuilt equity, many will contact a REALTOR® to confirm the increase in value. If the equity is confirmed, they're likely to put their home on the market."

Wes Kunkle, a commercial broker at Kunkle Realty, said the resale market's recovery will likely affect new home construction prices. "The report shows a trend of increased inventory in single-family homes that I believe will begin to put pressure on new home construction prices. We may see a pricing peak in the new home market sooner than later."

However, as indicated in the February report, the condominium market is not performing as well as the single-family home market. Closed sales for condominiums decreased 17 percent from 395 in February 2014 to 329 in February 2015. As expected, this decrease may be a result of a 16 percent decrease in condominium inventory, which fell from 2,328 units in February 2014 to 1,957 units in February 2015.

"Condos are not recovering as well as single-family homes because they are at the whim of certain financing obstacles," said Cindy Carroll, SRA, with the real estate appraisal and consultancy firm Carroll & Carroll, Inc. "Getting a bank to approve a loan on a condo is more difficult because they typically rely on extenuating factors such as the financial health of the homeowners' association, the age and structural state of the building, and a requirement to receive Fannie Mae approval."

Despite these obstacles, broker analysts think the condominium market's activity in the last year is an indication of its potential for an increase in value. For example, pending sales for condominiums in the $300,000 - $500,000 price category increased 87 percent from 79 units in February 2014 to 148 units in February 2015 and overall, the median closed price jumped 14 percent during that time period. "We've seen a recovery and stellar activity in the single-family home market. It wouldn't surprise me if condominiums became the new exchange," said Carroll. "And may experience the same type of recovery as the single family home market."

The NABOR® February 2015 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® February 2015 sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 
  • Overall pending sales increased 3 percent from 1,244 in February 2014 to 1,280 in February 2015.
  • Overall closed sales decreased 1 percent from 9,808 in the 12-months ending February 2014 to 9,720 in the 12-months ending February 2015.
  • Closed sales for single-family homes decreased 1 percent from 4,682 homes in February 2014 to 4,612 homes in February 2015.
  • Closed sales for condominiums decreased less than a percent from 5,126 condominiums in February 2014 to 5,108 in February 2015.
  • Overall median closed price increased 12 percent from $245,000 in the 12-months ending February 2014 to $275,000 in the 12-months ending February 2015.
  • Overall inventory decreased 5 percent from 4,633 homes in February 2014 to 4,406 homes in February 2015.
  • Inventory for single-family homes increased 6 percent from 2,305 homes in February 2014 to 2,449 homes in February 2015.
  • Inventory for condominiums decreased 16 percent from 2,328 in February 2014 to 1,957 in February 2015.
  • Average days on market for February 2015 were 93. 

There are 3,027 homes for sale in the Naples area that are priced above $300,000. This comprises about 66 percent of the market. If you are a homeowner that sat steady while the market recovered, find out whether your home has gained equity by contacting a REALTOR®. A REALTOR® has the experience and knowledge to do provide an accurate market comparison that will help you determine whether now is the right time to sell your home and ensure your next sale or purchase in the Naples area is a success. Contact a REALTOR® on NaplesArea.com®.

The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
  
The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.

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posted by Ron Abboud at 7:54 AM 0 comments

Friday, February 27, 2015

Naples Real Estate Area January 2015

Naples Real Estate Area January 2015 Market Report


REALTORS® Complete 1,100 Written Contracts and 600 Closed Sales in January

Contacts:

  • Pat Pitocchi, NABOR® Media Relations Committee Chairman, (239) 398-8650
  • Marcia Albert, NABOR® Director of Marketing, (239) 597-1666


Naples, Fla. (February 20, 2015) - The Naples area housing market is off to a solid start according to broker analysts who evaluated the January 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Inventory declined a moderate 5 percent from 4,776 homes in January 2014 to 4,515 homes in January 2015, and overall closed sales in every price category above $300,000 increased by double digits in the 12-months ending January 2015. Overall median closed price increased 13 percent to $273,000 in the 12-months ending January 2015 from $242,000 in the 12-months ending January 2014.


"We're not seeing as dramatic a decrease in inventory this January as in last January," said Mike Hughes, NABOR® president and Vice President/General Manager of Downing-Frye Realty. Inventory decreased only 5 percent from January 2014 over January 2015, compared to a decrease in inventory of 15 percent from January 2013 over January 2014. Hughes believes this slowing of inventory decline may be a good sign and remarked that "we should expect another tremendous season for home sales."

As typically seen during the first three months of the year, cash sales are also on the rise. In January, the 394 cash sales reported accounted for 70 percent of home sales transactions in the Naples area. The report also showed sales of foreclosed homes in January were at their lowest - 64 - since NABOR® began reporting home sales activity in July 2009 when foreclosures numbered 240.

"Activity in the luxury home market continues to be the most impressive," said Coco Waldenmayer, a managing broker at John R. Wood Properties. According to the report, pending sales, based on signed real estate contracts, for single family homes in the $1 to $2 million category increased 53 percent from 36 pending sales in January 2014 to 55 in January 2015, while in the same price category in the condominium market, pending sales decreased 22 percent from 36 in January 2014 to 28 pending sales in January 2015. Not surprisingly, the inventory for condominiums in this $1 million to $2 million category had the largest decline too at 26 percent.

As pointed out by several broker analysts during NABOR®'s 2014 annual media conference on January 16th, buyers looking for single family homes in 2015 will be pleased. In fact, according to Cindy Carroll, SRA, with the real estate appraisal and consultancy firm of Carroll & Carroll, Inc., affordable single-family homes are not appreciating out of control, as often speculated. "The median closed price for single-family homes in the $300,000 and below category increased 16 percent from January 2013 to January 2014. Yet the January report showed an increase of only 8 percent from $178,000 in January 2014 to $193,000 in January 2015."

"The key is to work with a REALTOR® that knows the Naples market," said Pat Pitocchi, NABOR® media relations chairperson and corporate trainer at Downing-Frye Realty. "Regardless of whether you are in the market to purchase a starter home or a seasonal residence, a REALTOR® can simplify the process and help you find exactly what you want."

The NABOR® January 2015 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® January 2015 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

  1. Overall pending sales decreased 1 percent from 1,117 in January 2014 to 1,103 in January 2015.
  2. Pending sales for single-family homes increased 5 percent from 510 in January 2014 to 536 in January 2015.
  3. Pending sales for condominiums in the $300,000 to $500,000 category increased 51 percent from 82 in January 2014 to 124 in January 2015.
  4. Overall closed sales decreased 1 percent from 9,835 in the 12-months ending January 2014 to 9,759 in the 12-months ending January 2015.
  5. Overall closed sales for single-family homes in the $2 million and above category increased 37 percent from 213 in the 12-months ending January 2014 to 292 in the 12-months ending January 2015.
  6. Overall median closed price increased 13 percent from $242,000 in the 12-months ending January 2014 to $273,000 in the 12-months ending January 2015.
  7. Overall inventory decreased 5 percent from 4,776 homes in January 2014 to 4,515 homes in January 2015.
  8. Average days on market for January 2015 were 85. 


According to the report, the inventory of homes for sale in the $300,000 and below category in January 2015 encompassed about 33 percent of the market at 1,479 units. And while overall inventory fell 5 percent from 4,776 in January 2014 to 4,515 in January 2015, the $300,000 and below category experienced the largest drop in inventory (-24%) from 1,938 in January 2014 to 1,479 in January 2015. Despite a sinking of inventory in the $300,000 and below price category, there were increases in inventory in three other price categories: $330,000 to $500,000 increased 15 percent; $500,000 to $1 million increased 8 percent; and $2 million and above increased 12 percent from January 2014 to January 2015.

The greater Naples area housing market has had dramatic changes in inventory, price, availability and demand over the past year; more so in some neighborhoods than in others. It is because of those changes and the increasingly complex documentation involved in buying and selling homes that buyers and sellers are working closely with a REALTOR®. When you work with a REALTOR® who understands the diverse tapestry of the Naples area real estate market, you are partnering with a professional who has the experience you need to buy or sell with confidence in either the new home or resale markets.

The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.

The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.

Naples Area Open House Search Tool - Mobile Ready

Naples Area Market Statistics January 2015





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posted by Ron Abboud at 1:42 PM 0 comments

Wednesday, December 24, 2014

Naples Real Estate Market Statistics

Naples Real Estate Market Statistics


The latest news in the Naples Florida market is that overall the median sales price has increased 62% over the last four years, when it was as low as $169,000.00 in November 2010 compared to today's median sales price of $265,000.00.  In addition, the inventory of homes for sale is down 63% from the high in November 2008 of 11,116 to the current home inventory for sale at 4,136 total units.

In November the luxury market of homes that were priced over 2 million dollars, sold at the strongest rate, leading the sales.

Click here to view my report and market statistics.

If you are considering buying a home, now might be a great time, before interest rates start to climb and the home prices continue to increase.  Plus, there are still wonderful values in the home market.   If you are considering selling your home, this is a great time, because the inventory is so low and there is little competition on the Naples market.

It would be my pleasure to assist you with any of your real estate needs, as well as answer any questions you might have about the home market in our Naples paradise.

Wishing You & Your Family a Wonderful Holiday Season & Prosperous New Year 2015.

Sincerely
Ron Abboud


Real Estate Articles Of Interest:

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posted by Ron Abboud at 3:40 PM 0 comments

Sunday, December 7, 2014

Selling Your Home Clean Repair Purge

Selling Your Home Clean Repair Purge

If you are are planning to sell your home in the near future, here are a few tips that can help to make the experience move smoother and faster.

At first glance when you are preparing a home to sell, it is so much more than just making a space look good.

Did you know it’s important for a home to feel good, smell good, and sound good?

Successful staging is all about creating a positive sensory experience for potential buyers, and ultimately making upgrades and changes that will have a significant return on your investment of time and money. But where should you begin?

The easiest way to kick-start the staging process is to first perform a little domestic CPR – Clean, Purge, and Repair!

Home Clean:
A huge staging misconception is that it takes the investment of a brand spankin’ new kitchen or newly renovated bathrooms for a home to increase potential resale profits. The good news is that those pricey upgrades will likely shorten the length of time that your home is on the market, but the actual return on investment is often dollar for dollar. If you really want to get the most bang for your buck, simply rolling up your sleeves and thoroughly cleaning your home from top to bottom can offer upwards of a 500 per cent or more return on your investment of time and money. That’s like saying that for every dollar you give me, I’ll give you back five. And the great news is that most cleaning tasks only require a little bit of time and elbow grease to completely transform the look, feel, and smell of a home.

Home Purge:
If resale is on your horizon, it’s a great time to weed through all of your “stuff” and determine what you want to take with you when you move, and what you can get rid of immediately. I often say, if you haven’t used it in the past six months, it’s time to lose it! It’s easiest to create three categories of unwanted and unused items and separate them into the following piles: sell, donate, and toss!
It’s also incredibly important to depersonalize and declutter as much as possible by removing family photos, reorganizing closets, and tackling the “junk drawer.” Ensuring that all areas of your home are free from clutter will help potential buyers focus on your space and not your stuff, and removing personal items will help them to envision themselves living in the home more easily.

Home Repair:
Nothing sounds worse to a potential homebuyer than the sound of work! Squeaking doors, creaking floors and screeching appliances are red flags that a home has not been lovingly maintained.
The best way to tackle your list of repairs is to divide them into two categories. In the first, make note of tangible DIY tasks that you can efficiently complete on your own. Ensure that you have the right tools for the job, and that you feel confident in using them. If there’s one tool that I think every homeowner should have, it’s the Matrix quick connect system by Black & Decker. You can swap out the various interchangeable heads in seconds to transform the drill into a sander, or a circular saw, or an impact driver. It’s like having a whole workshop inside one small toolbox.
In the second repair category, create a list of tasks that require hiring a professional. Be realistic with your budget and timeline, and remember that repairs done by a professional should be seen as an investment, not a cost.

Now, take a deep breath and breathe a little CPR into your home to speed up the real estate roller coaster ride and maximize your potential for added profit.

Other Articles Of Interest:
Selling Your Home Clean Repair Purge

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posted by Ron Abboud at 1:42 PM 0 comments

Tuesday, November 25, 2014

Naples Real Estate Monthly Update - November 2014

Naples Real Estate Monthly Update - November 2014



Greetings from Sunny Naples!

The Naples market statistics show that there are still some great buys in condominiums for sale in Naples.  Condominium prices have only increased 9% over the past 12 months, compared to single family homes which have increased 21%.  There are currently 905 condominiums on the market under $300,000, plenty to choose from.

Another trend we are seeing is the seasonal buyers are coming early this year.  October new sales were much higher than October last year and it is mainly due to our early seasonal residents.  We assume the weather may play a part in this.

Interest rates remain very low, and have actually decreased slightly this past month.  Now is still a great time to buy in Naples!

If you are considering selling, let’s get started and take advantage of the early seasonal buyers.  If you are interested in buying, now is great because we are expecting interest rate and home prices to climb next year.

I would be happy to assist you with any of your real estate needs.

Sincerely,


Ron Abboud


Real Estate Articles Of Interest:

Naples Real Estate Monthly Update - November 2014
Naples Real Estate Inventory Is Declining
Real Estate Brokers Business Philosophy

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posted by Ron Abboud at 2:50 AM 0 comments