Florida Real Estate Market TrendsHome Sellers and Buyers September 10, 2024

Fort Lauderdale August 2024 Area Report

Fort Lauderdale August 2024 real estate statistics have been released.

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses


Commonly asked questions while reviewing the reports:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.


Single Family Home Area Report listed first, Condo/Townhouses listed second:


Please contact me if you would like to be automatically sent updated area market reports for Fort Lauderdale or another SE Florida city. I am here to help.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

Home Sellers and BuyersHomeowner August 27, 2024

17 Things to Never, Ever, EVER Do to Your House

17 Things to Never, Ever, EVER Do to Your House

Keep the vintage wallpaper, but upgrade that time- and money-draining retro thermostat to programmable.

common easy home mistakes old thermostat on peach and floral wallpaper
Image: Joe Clark/Getty

 

What may seem like a good idea often isn’t.


Here are 17 common mistakes new homeowners may make:

#1 Getting Rid of Your Only Tub

 

A white cast iron tub in a white bathroom

If resale value is important to you, don’t get rid of your only bathtub, no matter how dreamy that walk-in shower looks.

It will make it harder to sell when the time comes. You’ll flat-out lose buyers who love a good soak or need a tub to bathe little ones (both human and four-legged).

#2 Leaving Cabinet Doors on While Painting

Painting your kitchen cabinets pays off big at resale — it’s a small investment for a big wow. But the job’s time-consuming, so it’s tempting to leave the doors on.

Resist. At all costs.

Because no matter how hard you try, it’s not going to look good. Even the pros don’t do it. That should tell you something.

#3 Putting Starchy Food Down the Disposal

Today’s garbage disposals can handle more challenging foods than earlier models, but starchy comestibles like potatoes, rice, and oatmeal still stump them.

Fun fact: Every Halloween, plumbers see an increase in calls because people are dumping pumpkin guts into the disposal.

Starchy foods clump when they hit water, clogging disposals and pipes. Instead, put them in the garbage can or, even better, your compost pile.

#4 Planting a Tree Close to Your House

 

Large tree planted too close to a house
Image: Blend/Offset

That young sapling just a few feet from your door seems so harmless. Until it grows up.

In addition to the risk of falling limbs, tree roots from mature trees can weaken your home’s foundation and clog plumbing and sewer pipes.

Plant medium and large trees at least 30 to 50 feet from the house. Put small trees (30 feet tall or less) at least eight, preferably 10, feet away.

#5 Flushing ‘Flushable’ Wipes

Sewer systems are facing a growing menace: flushable wipes. Despite the name, most don’t disintegrate, even after 10 minutes (compared to a few seconds for toilet paper).

Until a truly flushable wipe exists, don’t flush them — or anything nonorganic, for that matter. Stick with good ol’ TP instead.

#6 Covering Wallpaper With Water-based Paint

You don’t have to remove that dated wallpaper — simply paint over it. Just don’t do it with water-based paint. It can reactivate wallpaper glue and cause the paper to peel. Instead, use oil-based primer, let it dry completely, then apply latex paint over it. Oil-based primer has long been the industry standard and works well with oil and latex paints.

#7 Painting Exterior Brick

 

common easy home mistakes photograph of adjoining brick walls painted red and bluish-green colors
Image: John C Magee/Getty

Brick needs to breathe. Paint chokes it.

Paint can destroy the brick and mortar and even cause the foundation to crumble. Talk about a hidden cost!

If you’re itching for a new exterior look, try new shutters, paint the front door, or update your landscaping. Those moves can scratch your itch and boost your curb appeal. If you just can’t live with your brick color, try brick stain, which bonds with the brick, allowing it to breathe.

#8 Skipping the Last Mow Before Winter

Tempting as it is to skip that last mow before winter, leaving the lawn too tall in cold months gives mice and other rodents good cover from predators, like hawks. Which means they’ve got safe passage to work their way into your warm and cozy home for the winter. Plus, keeping grass short keeps it healthier.

#9 Letting Ceiling Fans Run Forever

Ceiling fans don’t decrease the temperature in a room; they increase how quickly your sweat evaporates, making you feel cooler.

Since running ceiling fans is only beneficial when people are in the rooms to enjoy their breeze, save money by turning them off when you’re out.

#10 Tearing Out Original Architectural Features

 

common easy home mistakes closeup of stained glass windows with red and yellow colors
Image: cerro_photography/Getty

Custom millwork, tin ceiling tiles, and mid-century modern brick give your home its character, so keep them if you’re remodeling (assuming they’re not in awful condition). Buyers appreciate these one-of-a-kind details, and preserving them sets your home apart. They can put your house at the top of house hunters’ lists when it’s time to sell.

#11 Changing Your Mailbox Without Checking With Your HOA

Or making any other change to your home’s exterior, such as replacing your front steps, adding shutters, etc. Homeowners associations work to keep neighborhood elements maintained and consistent in an effort to protect everyone’s home value.

That often includes seemingly small details, so let your HOA know of your upgrade plans. Otherwise, you could risk a citation or fine. Or worse, be told to undo it.

#12 Leaving Hoses Connected in Winter

When you retire your lawnmower each fall, disconnect and store hoses, too. Leaving them attached during cold weather can trap water in the pipes, causing them (and possibly the faucets) to freeze. BTW, leaving a hose connected in winter also ruins the hose.

#13 Keeping an Old-Fashioned Thermostat

 

Vintage wallpaper with outdated thermostat in a home

Maintaining a cozy home temp while you’re at work or sleeping wastes money and energy. If your house came with a nonprogrammable thermostat, you’ll have to manually change it multiple times a day to avoid all that waste. (Like you need another task on the way out the door.)

Install a programmable thermostat, stat. Spending about $100-200 for a single smart thermostat sounds pricey, but most homes can recoup that investment from energy savings in less than two years. Plus, many energy companies offer rebates that greatly reduce the price of a thermostat. Some may even provide one for free.

#14 Putting a Brick in Your Toilet Tank

To decrease water use and save money, many people put bricks in their older, high-water-use toilets. But bricks crumble in water and can damage or clog pipes.

Replace the toilet (average cost is $615 including installation, according to Fixr) or fill a half-gallon milk jug with sand and drop it in the tank instead (saving about half a gallon per flush).

#15 Watering Grass at Night

It may seem smart to water in the evening — especially if you have a sprinkler system — because electrical rates are lower. But without sun to evaporate it, water is more likely to cling to grass at night, promoting fungus. Instead, water in the morning when the air is cool, the sun is arriving, and there’s less wind than at midday.

#16 Cleaning Windows on a Sunny Day

Doesn’t a warm, sunny day seem like the perfect time to wash windows? Counter-intuitively, it’s the worst, because the sun dries windows too quickly and causes smears. Instead, save this chore for a cloudy day.

#17 Pouring Bleach or Drain Cleaner Down Pipes

Bleach seems like a great agent for keeping pipes unclogged and smelling fresh — and drain cleaner is literally for pipes, right?

Unfortunately, bleach can react with substances in your pipes and cause more clogs than it prevents. Even drain cleaner is rough on pipes — and both are environmentally awful. (Plus, as little as a teaspoon of drain cleaner can destroy a septic field.)

Instead, use a pipe snake (also known as an auger) to keep pipes running smoothly.


Article credit: Kelley Walters, a Southern writer and editor. She focuses on interior design and home improvement at outlets from HGTV to Paintzen. She lives in Italy a month every year, drinking Negronis and writing in internet cafes. 

Keep your home in great shape in case you decide to sell! If you decide the time is now, call me!

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

Florida Real Estate Market TrendsHome Sellers and Buyers August 24, 2024

PSA: Safety in the Real Estate Community

Why do we ask you for your information?

As a real estate professional, I was sad to hear of another brutal murder of an agent in Ontario this month.
Real estate agents take safety measures before meeting clients to protect themselves from potential risks, such as encountering dangerous individuals or being placed in vulnerable situations. Given that agents often meet with strangers in unfamiliar settings, ensuring their safety is paramount.
*Note, this information in the following list may be requested prior to meeting to discuss client needs and to sign the Buyer Broker Agreement that is required prior to presenting and showing property.

What an Agent May Ask For and Why:

Client Identification (e.g., driver’s license or ID):
Why: To verify the client’s identity and ensure they are who they claim to be, reducing the risk of meeting with someone who has malicious intentions.
Pre-qualification Letter or Proof of Funds:
Why: To confirm that the client is serious about purchasing a property and not using the meeting as a ruse for criminal activity.
Initial Meeting in a Public Place:
Why: To gauge the client’s intentions and establish a rapport in a safe, neutral environment before moving to a more private or secluded location.
Appointment Confirmation Through Office or Brokerage:
Why: To create a record of the meeting and ensure that colleagues are aware of the agent’s whereabouts, providing an extra layer of security.
Emergency Contact Information:
Why: To have a point of contact in case of an emergency, ensuring that someone is alerted if the agent doesn’t check in as planned.
Please do not get angry at real estate professionals who ask for ID or other information before meeting with you. I personally always try to accommodate my clients and make it as easy of a process as possible, but I also want to get home safely every day. That means vetting a new client and taking precautions. Thank you.

Thank you for taking the time to read this. I welcome any questions or feedback you have. I am here to help.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

Florida Real Estate Market Trends August 11, 2024

Fort Lauderdale July 2024 Area Report

Fort Lauderdale July 2024 real estate statistics have been released.

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses


Commonly asked questions while reviewing the reports:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.


Single Family Home Area Report listed first, Condo/Townhouses listed second:


Please contact me if you would like to be automatically sent updated area market reports for Fort Lauderdale or another SE Florida city. I am here to help.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

Home Sellers and Buyers August 5, 2024

Understanding the NAR Settlement: Key Take-a-ways

Understanding the NAR Settlement: What It Means for You as a Homebuyer or Seller

The recent National Association of Realtors (NAR) settlement has been making headlines, and as an experienced real estate professional, I want to ensure you’re well-informed about what this development means for you as a homebuyer or seller. The NAR settlement has sparked discussions about transparency, commission structures, and the overall dynamics of the real estate market. But what are the key facts, and how will they impact your real estate journey? Let’s delve into the essential details so you can navigate the market with confidence and clarity.

The settlement, stemming from allegations related to commission practices, has implications for how real estate transactions are conducted. Understanding these changes is crucial for making informed decisions, whether you’re buying your dream home or selling your current property. Let’s unpack the facts and help you stay ahead in the real estate market.

NAR has released fact sheets for both Homebuyers and Sellers.

HOMEBUYERS

 

 

 

 


SELLERS


Key Take-a-ways:

  • Compensation remains negotiable
  • Seller concessions to buyer and Seller offering compensation to the Buyer’s broker are still allowed
  • Buyer Compensation will no longer be allowed to be included anywhere on an MLS (Multiple Listing Service)
  • Buyers will be required to sign a written agreement before touring a home with a REALTOR®  (virtually or in-person)

Representation:

Homebuyers and Sellers HAVE OPTIONS. As an experienced and knowledgeable real estate professional, I am here to help you understand these changes and how they may affect your home buying or selling process.

Whether you’re a first-time homebuyer looking to understand the new compensation disclosures or a seasoned seller wanting to list your home with the most effective marketing strategy, it’s crucial to stay informed and make educated decisions. The real estate market is evolving, and having a trusted guide by your side can make all the difference.

I invite you to reach out to me with any questions about the NAR settlement and how it specifically impacts your real estate transaction. Together, we can navigate these changes and ensure you achieve your real estate goals with confidence and success. Let’s discuss your unique needs and start your real estate journey today. I am here to help with integrity, transparency and dedication.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home BuyersHomeowner June 7, 2024

June is National Homeownership Month!

June is National Homeownership Month!

Owning a home brings joy, belonging, and countless benefits to your life. From stability and personalization to building equity and creating a lasting legacy, homeownership is a game-changer. Join the celebration and discover why having a place to call your own is a dream worth achieving!


If you are looking for help making your homeownership dreams come true, I am here to help! It would be my privilege to help you through every step with experience, integrity and dedication.

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends May 1, 2024

SE Florida Market Snapshot

Happy May 1st! Here are the Market Snapshots reflecting the last 30 days for the following areas:

  • Fort Lauderdale
  • Wilton Manors
  • Hollywood
  • Dania Beach
  • Hallandale Beach

These take into account all property types (Single Family Homes/Condos/Townhomes).



Please contact me if you would like to be automatically sent updated area Market Snapshots for Fort Lauderdale or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Homeowner April 18, 2024

Wind Inspection and Mitigation in Florida

 

In Florida, wind mitigation inspections are assessments conducted on residential properties to determine how well the structure can withstand wind damage, particularly from hurricanes or strong storms. These inspections are crucial because Florida is prone to severe weather events, and homes need to be resilient against high winds to reduce the risk of damage and lower insurance premiums.

During a wind mitigation inspection, a qualified inspector evaluates various features of the property that contribute to its ability to withstand wind forces. These features may include:

  1. Roof covering: The type and condition of the roof covering material, such as shingles or tiles, are assessed.
  2. Roof geometry: The shape and design of the roof can affect its resistance to wind. Hip roofs, for example, are generally more wind-resistant than gable roofs.
  3. Roof-to-wall connections: The method used to attach the roof to the walls of the structure is examined. Secure connections, such as hurricane straps or clips, can significantly improve the home’s wind resistance.
  4. Roof deck attachment: The material and method used to attach the roof decking to the roof trusses or rafters are evaluated.
  5. Roof shape and design: Certain roof shapes, such as gable or hip roofs, can impact how wind flows over and around the structure.
  6. Opening protection: The presence of impact-resistant windows, shutters, or other protective measures for doors and windows is considered.

Once the inspection is completed, the homeowner receives a wind mitigation inspection report detailing the findings and any recommended improvements. This report can then be submitted to insurance companies to potentially qualify for discounts on windstorm insurance premiums.

To obtain wind mitigation insurance in Florida, follow these steps:

  1. Schedule a wind mitigation inspection: Contact a licensed and certified wind mitigation inspector to conduct an inspection of your property.
  2. Obtain the inspection report: After the inspection, the inspector will provide you with a detailed report outlining the findings and any recommended improvements.
  3. Contact your insurance company: Provide the wind mitigation inspection report to your insurance company and inquire about potential discounts on your windstorm insurance premiums.
  4. Submit the necessary paperwork: Your insurance company may require you to fill out additional paperwork or provide documentation to apply the wind mitigation discounts to your policy.
  5. Review your policy: Once the discounts have been applied, review your insurance policy to ensure that the changes have been made and that you are receiving the appropriate coverage.

By completing a wind mitigation inspection and obtaining wind mitigation insurance, homeowners in Florida can better protect their properties against wind damage and potentially save money on insurance premiums in the long run.


Contact me if you would like referrals for wind inspectors. I am here to help. 

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home BuyersHome Sellers and BuyersHomeowner April 4, 2024

What is a 4-Point Inspection?

4-Point Inspection for Residential Homes

In Florida, a four-point inspection is a specialized assessment of four key systems in a residential property: the roof, electrical system, plumbing system, and HVAC (heating, ventilation, and air conditioning) system. This inspection is often required by insurance companies for homeowners seeking or renewing insurance policies, particularly for older homes.

Here’s why each component is assessed:

  1. Roof: The inspector evaluates the age, condition, and integrity of the roof covering material (such as shingles or tiles), signs of damage, and any areas of concern like leaks or missing shingles. Roofs are crucial for protecting the home from weather elements, and their condition affects insurance risk.
  2. Electrical System: This part of the inspection focuses on the electrical wiring, panel, and fixtures. The inspector looks for outdated wiring, overloaded circuits, faulty connections, and potential fire hazards. Ensuring the electrical system is up to code and safe reduces the risk of fire, which is a significant concern for insurance companies.
  3. Plumbing System: The plumbing inspection assesses the condition of pipes, fixtures, and water heaters. The inspector checks for leaks, corrosion, water pressure issues, and signs of water damage. A properly functioning plumbing system is essential for preventing water damage and maintaining the integrity of the home’s structure.
  4. HVAC System: The inspection of the heating, ventilation, and air conditioning system involves checking for proper installation, age, condition, and efficiency. Inspectors look for signs of wear and tear, malfunctioning components, and potential safety hazards. A well-maintained HVAC system ensures comfort and safety for occupants and reduces the risk of damage or accidents.

The importance of a four-point inspection for home insurance lies in risk assessment. Insurance companies need to understand the condition of these critical systems to determine the level of risk associated with insuring the property. Older homes, in particular, may have outdated or deteriorating systems, which could pose higher risks for insurance providers.

By requiring a four-point inspection, insurance companies can:

  1. Assess Risk: Inspectors provide detailed information about the condition of the home’s key systems, allowing insurance companies to assess the level of risk accurately.
  2. Prevent Claims: Identifying potential issues before they become major problems helps prevent costly insurance claims. For instance, discovering a leaky roof or faulty wiring early on allows homeowners to address these issues proactively, reducing the likelihood of future damage.
  3. Determine Premiums: The results of the inspection can influence insurance premiums. Homes with well-maintained systems may qualify for lower premiums, while those with significant issues may face higher costs or require repairs before coverage can be approved.

In summary, a four-point inspection in Florida is a vital tool for insurance underwriting, providing insurers with essential information about the condition of a home’s roof, electrical, plumbing, and HVAC systems. By identifying potential risks and ensuring the property meets safety standards, insurers can offer appropriate coverage and premiums while helping homeowners maintain a safe and secure living environment.

All 4-Point Inspection Forms must be completed and signed by a verifiable Florida-licensed inspector.


Contact me today for any real estate assistance you may need, including resources and referrals for home inspections. I am here to help!

Let’s start working together!

CONTACT ANNETTE

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home Buyers April 2, 2024

Your Home Buyer Guide

Guiding You Home

 


I am committed to providing you with the highest level of professionalism, accountability and integrity. Contact me to set up a buyer consultation. I am here to help every step of the way!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792