by Gwinn Volen

Today’s Homebuyers Want Lower Prices. Sellers Disagree.

 The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price.

According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions:

1. “Have any of your sellers recently reduced their price to attract buyers?”

Their answer: 72% said their sellers have not lowered…

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by Gwinn Volen

With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it's logical to ask that question.

Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country.

Let’s look at five things we know about today’s housing market that were different in 2008.

Appreciation

When we look at appreciation in the visual…

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We are getting a divorce...now what?  One of the biggest questions facing a divorcing couple in a shared home is what to do with the house?  There are 4 basic options when it comes to a property. 

1) One party could buy out the other party 

2) Both parties can continue to co-own the house with one spouse moving out

3) Both parties can divide the marital assets where one person will get the house and the other person gets other assets owned

4) Both decide to sell the house and go their separate ways

It’s important to note that not all states handle these transactions the same.  The state you live in will determine if the house is considered marital or separate property. 

Florida operates under the laws of equitable distribution, which…

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