RES Luxury Group

The National Association of Realtors Settlement: What You Need to Know The National Association of Realtors Settlement: What You Need to Know Introduction There's currently a lot of hype in the industry about a National Association of Realtors settlement of over $400 million that's being paid out after a lawsuit was made by a group of sellers in Missouri. Now, you're probably asking, what is this all about, and how is it going to affect me, and then how can I prepare if I'm planning a real estate transaction? So I want to answer all of those questions for you, and I'll start with, what is this settlement all about? The Settlement and Its Implications The main gist of the settlement is that a group of sellers got together and were upset over how their transactions were handled from a commission standpoint. They felt th...

The Role of a Real Estate Agent in Buying or Selling a Property When it comes to buying or selling a property, a real estate agent plays a crucial role in guiding and assisting clients throughout the entire process. However, it's important to note that not all agents offer the same level of service. There are transactional agents who focus solely on closing the deal, and there are fiduciary agents who prioritize the best interests of their clients even after the closing. At RES Luxury Group, we pride ourselves on being fiduciary agents, ensuring that we provide our clients with the utmost care and support before, during, and after the transaction. The Timeline of a Sale On average, a real estate sale takes anywhere from three to six months to complete. This duration includes various stages, such as preparing the home for sale and the time spent under contract. When we meet with sellers, we conduct a thorough listing presentation and offer different packages tailored to their ...

Moving to Florida: The Cost of Living in Citrus County and Beyond If you're considering a move to the Sunshine State, you're making a great choice! As someone who has lived in Florida for nearly 25 years, I can confidently say that it's a fantastic place to call home. One question that often weighs on people's minds when moving to a new area is the cost of living. So, let's dive into the cost of living in Citrus County, and explore some neighboring counties as well. The Gem of Florida: Citrus County Citrus County is a hidden gem in Florida that not many people are familiar with. It's a rural and nature-oriented county, offering a wide range of outdoor activities and a relaxed lifestyle. Whether you enjoy water activities like exploring crystal-clear springs or indulging in cave exploration, hiking, horseback riding, golfing, or even playing ultimate Frisbee, Citrus County has it all. The abundance of wildlife, constant chirping of birds, and the warm sunsh...

Three Risks of Hiring the Wrong Real Estate Agent Whenever I think about this topic, one of the first things that comes to mind is a comedy show I watched years ago. There was a realtor who was somebody's friend's sister, and she sold the friend a house. It was closing day, and they were going with the keys to move into the house, and it turned out that she sold them the wrong property. The house wasn't even listed for sale, and they had bought something they didn't realize they bought. This, of course, is very funny, making fun of real estate in general, but it makes you wonder, could something like that actually happen? It then brings up the question of why is it so important? What are the pitfalls you can find yourself in if you hire the wrong agent? So I want to talk about that topic, and I think there are three really important areas to consider. 1. Local Area Expertise Having a local area expert is crucial when it comes to hiring a real estate agent. This ex...

Three Risks of Hiring the Wrong Real Estate Agent Whenever I think about the topic of hiring the wrong real estate agent, one of the first things that comes to mind is a comedy show I watched years ago. There was a realtor who happened to be somebody's friend's sister, and she sold the friend a house. On closing day, they went with the keys to move into the house, only to find out that she had sold them the wrong property. The house wasn't even listed for sale, and they had unknowingly purchased something they didn't intend to buy. Although this scenario is amusing, it raises an important question: Can something like that actually happen? It also prompts us to consider why hiring the right real estate agent is crucial. In this article, we will discuss three important risks of hiring the wrong agent. 1. Lack of Local Area Expertise Having a real estate agent with local area expertise is essential for a variety of reasons. One significant aspect is understanding wha...

Welcome to the Citrus County Real Estate Market Report for December 2023. As we approach the end of the year, it's crucial to stay updated on the current state of the market. In this report, we will discuss recent trends, inventory levels, buying activity, and interest rates. Whether you're a potential buyer or seller, we have valuable insights to help you navigate the real estate market in Citrus County, Florida. Current Market Overview As of November 2023, inventory levels in Citrus County have seen a rise, providing buyers with more options. However, buying activity has shown a slight decline. With more homes on the market and slower sales, it's natural to observe a slight adjustment in the days on market across various price categories. These trends are in line with the current market conditions. Favorable Interest Rates A positive note for buyers is the downward trend of interest rates. As of today, the average 30-year mortgage rate stands slightly above 7%, ...