Florida is home to more than 1,000 freshwater springs, giving the state one of the largest concentrations of these natural phenomena. Not only are these systems beautiful, but they're also a great place to visit, swim, and enjoy other recreational activities. Our real estate agents know the state well and recommend visiting the following natural springs.

Exploring Florida's Natural Springs This Season

Blue Spring State Park

Address: 2100 W. French Ave., Orange City, FL 32763

Swim in 72-degree crystal-clear waters at Blue Spring State Park, located along the St. Johns River and near central Florida homes for sale. The spring attracts manatees that rely on its constant temperatures, and if a significant number remain in the spring, its opening could be delayed. Although visitors aren't allowed to swim with the manatees, you might be able to see them from a boardwalk viewing platform. For more water fun, rent a tube and enter the water at the upper entry, swim to the spring boil, and then float down to the main swim dock for a journey of about an eighth of a mile.

Wekiwa Springs State Park

Address: 1800 Wekiwa Circle, Apopka, FL 32712

Wekiwa Springs State Park is a popular setting for swimming in the spring, which is just over half an acre in size and has an average depth of four feet. If you have difficulty using the available steps, a swim lift is available to help you enjoy the water. Snorkeling is also allowed at the springs. And when you're ready to get out of the water, a series of trails lets you choose from a short 8/10-mile trek up to 13.5 miles for a serious hike.

Spring Park at Green Cove Springs

Address: 200 Spring St., Green Cove Springs, FL 32043

Nestled along the western bank of the St. Johns River in Clay County, Spring Park at Green Cove Springs is a historic and family-friendly destination that has drawn visitors seeking its therapeutic waters since the 1800s. The park's natural spring flows at a constant 77 degrees and surges water directly into a large spring-fed municipal swimming pool, making it one of the most accessible and unique spring experiences in Northeast Florida. After a swim, the park also offers:

• A spring-fed swimming pool and free splash pad
• A kayak launch onto the St. Johns River
• Covered picnic shelters beneath old-growth Spanish moss-draped oaks
• A playground, gazebo, and pedestrian bridge over the spring run

Ichetucknee Springs State Park

Address: 12087 SW U.S. Hwy. 27, Fort White, FL 32038

Ichetucknee Springs State Park is a 2,669-acre wildlife haven in North Florida and one of the most beloved spring destinations in the state. Eight major crystal-clear springs join to form the six-mile Ichetucknee River, which flows through shaded hammocks of cypress, maple, oak, and pine at a gentle one-mile-per-hour current. The park is best known for its tubing, but it offers far more than a float down the river. Designated as a National Natural Landmark, the park's upper spring run is considered one of the most pristine in Florida. Wildlife is abundant throughout, and it's common to spot:

• Turtles, river otters, and beavers along the banks
• Wild turkeys, wood ducks, and limpkins in the forest
• Manatees seeking warm spring water

Swimming and snorkeling are available year-round at the Ichetucknee Head Spring and Blue Hole Spring.

Rainbow Springs State Park

Address: 19158 SW 81st Place Rd., Dunnellon, FL 34432

Visit Rainbow Springs State Park to experience one of the state's largest springs that serves as the headwaters for the Rainbow River. The park is a popular destination for many fun water activities, including:

• Swimming
• Snorkeling
• Tubing
• Fishing
• Canoeing

For non-water activities, the park has beautiful, shady gardens that you can walk through, and you can pass three waterfalls. Along the way, you'll stroll past azaleas, oaks, and magnolias on trails that vary in length up to a half-mile.

Ready to Spring Into a New Home?

Contact us today if you'd like to see Jacksonville homes for sale or homes elsewhere in the state, and buy a home amid Florida's natural beauty. We help customers with their home-buying and selling needs throughout Florida and southeastern Georgia, and we look forward to helping you find your dream home! 

If you are preparing to purchase a home in Central Florida, understanding the escrow process is one of the most important steps you can take. Working with our real estate agents at Watson Realty Corp. ensures you have experienced guidance at every stage of your transaction.

What Is Escrow and Why Does It Matter in Florida?

When you purchase a home in Central Florida, escrow serves as a built-in layer of protection for everyone at the table. A neutral third party holds your funds and key documents until every condition of the sale is satisfied, giving both buyers and sellers peace of mind from contract to closing. The Florida Real Estate Commission (FREC) and the Florida Department of Business and Professional Regulation DBPR regulate real estate professionals involved in escrow transactions, helping ensure your funds are handled according to state requirements.

How the Escrow Process Works

When you make an offer on a Central Florida home, and it is accepted, you will typically submit an earnest money deposit into an escrow account. This demonstrates your commitment to the purchase. The escrow agent, often a title company or attorney in Florida, then manages those funds until closing.

Key steps in the escrow process include:

• Submitting your earnest money deposit after the contract is executed
• Completing required inspections, appraisals, and loan approval within specified deadlines
• Reviewing the title search to confirm the property is free of liens or legal issues
• Signing final closing documents and transferring funds to complete the sale

Florida-Specific Escrow Rules You Should Know

Knowing the rules before you reach the closing table can make all the difference. Florida has clear regulations in place governing how escrow funds are handled, and understanding them helps you move through the process with confidence — and without unwelcome surprises. Under Florida law, escrow funds must be held in a properly designated escrow or trust account at a Florida-based financial institution for the duration of the transaction.

• Escrow deposits in Florida must be held in a designated account by a real estate broker, title company, or attorney acting as the escrow agent
• Florida law requires disputes over escrow funds to follow a formal resolution process, which may include mediation, arbitration, or court action, before funds can be released
• Buyers typically have a set number of days, outlined in the contract, to complete inspections and due diligence, after which the deposit may become non-refundable depending on the terms of the agreement

The Role of the Title Company in Florida Escrow

When it comes to escrow in Central Florida, title companies are your behind-the-scenes advocates. They handle the title search, issue title insurance, and step in as the neutral escrow agent — quietly ensuring everything is in order before you ever sit down at the closing table. Watson Title Services (Central Florida) is a trusted resource that protects you from any undiscovered claims or defects in the property's ownership history, a critical safeguard in any real estate transaction.

What Happens at Closing?

Closing day is the moment everything comes together. The escrow agent releases all funds per the terms of your contract, ownership officially transfers to you, and — best of all — you get the keys to your new home. In Florida, a title company or real estate attorney typically oversees this process, and once all documents are in order, it often wraps up fairly quickly. If you want to feel fully prepared before you sign, the Consumer Financial Protection Bureau (CFPB) offers helpful resources on closing disclosures and final loan terms.

Ready to Buy a Home in Central Florida?

Navigating escrow is much smoother when you have the right team on your side. Contact us at Watson Realty Corp. today, and let our experienced professionals guide you confidently from contract to closing.

Florida is known for its weather, popular beaches, and world-class amusement attractions, but our real estate agents also love visiting the state's gorgeous state parks, which offer ample opportunities for hiking, biking, and enjoying peaceful, natural scenery. Spring is the perfect time to explore Florida's inland beauty, so we pulled together a quick list of some unforgettable state parks to explore this year.

Florida State Parks To Visit This Spring

Ravine Gardens State Park - Palatka, FL

Address: 1600 Twigg St., Palatka, FL 32177

Head over to Ravine Gardens State Park to explore these ancient ravines transformed into beautiful tropical gardens. This park offers gorgeous scenery that makes for the perfect backdrop for a long hike or a family picnic. The park is open from 8 a.m. to sundown 365 days per year, and the entry fee is $5 per vehicle. Don't forget to swing by our favorite Palatka homes for sale while you're in the area.

Washington Oaks Gardens State Park - Palm Coast, FL

Address: 6400 N. Ocean Shore Blvd., Palm Coast, FL 32137

Stunning gardens are at the center of Washington Oaks Gardens State Park. During your visit, you'll experience beautiful displays of native and non-native plants, as well as bird-of-paradise plants. The huge ancient oak trees that surround the park provide many photo-worthy opportunities. After you stroll through the park, schedule tours of these Palm Coast homes for sale just a short drive away.

Faver-Dykes State Park - St. Augustine, FL

Address: 1000 Faver Dykes Road, St. Augustine, FL 32086

If you're looking for the perfect place for a picnic, camping trip, or canoe adventure, plan a visit to Faver-Dykes State Park. Pellicer Creek is at the southern border of the park, and it's a Florida Designated Paddling Trail, perfect for kayaking, canoeing, or small boats. If you enjoy this park, you might like to live in one of these St. Augustine homes for sale nearby. 

North Peninsula State Park - Ormond Beach, FL

Address: 40 High Bridge Road, Ormond Beach, FL 32176

This park has golden sandy beaches on one side and coastal marshlands on the other. North Peninsula State Park has over 550 acres of undeveloped coastal habitat. Bask in the sun, take a refreshing swim in the ocean, or check out the sea turtles from May through October. Bikers can enjoy part of the Ormond Scenic Loop and Trail, which offers beautiful seascapes and wildlife. If you'd like to live near this seaside paradise, there are some nice Ormond Beach homes for sale just a few miles away.

Bulow Creek State Park - Ormond Beach, FL

Address: 3351 Old Dixie Highway, Ormond Beach, FL 32174

This land preserve spans over 5,600 acres, of which about 1,500 are submerged lands. Bulow Creek State Park has one of the largest remaining stands of southern live oak forest along Florida's east coast and is home to the Fairchild Oak, one of the largest live oak trees in the South. The 7-mile Bulow Woods Trail will take you to the stunning Bulow Plantation Ruins State Park. 

From scenic trails to peaceful coastline views, spring is the perfect time to visit Florida's gorgeous state parks. If you're ready to plan your move to the Sunshine State, contact us today.

The best way to get to know an area is to check out its local events. Our real estate agents know all the best festivals and fairs to experience art and culture across Central Florida and connect with community members. Here are a few that aren't to be missed.

Find Your Favorite Florida Festivals

EPCOT International Flower and Garden Festival - Bay Lake, FL

Walt Disney World Resort, Bay Lake, FL

For a magical experience seeing and learning about flowers from around the globe, check out the EPCOT International Flower and Garden Festival. Running through June 1 near Orlando homes for sale, it features attractions like Spike's Pollen-Nation Exploration scavenger hunt, a larger-than-life garden at Communi-Core Hall, and colorful topiaries sculpted to look like your favorite Disney characters. There are also outdoor kitchens serving delicious, colorful dishes made with fresh fruits, vegetables, and flowers. Plus, don't miss the Garden Rocks Concert Series, featuring live music from bands including:

• Herman's Hermits
• Billy Ocean
• Chubby Checker

Admission is included with your EPCOT ticket, but may require an advance park reservation.

The Winter Park Sidewalk Art Festival - Winter Park, FL

150 W. Morse Blvd., Winter Park, FL 32789

Some of Central Florida's most incredible art will be on display at the 67th Winter Park Sidewalk Art Festival. March 20-22, near Winter Park homes for sale, artists from all over will display breathtaking artworks of all types throughout Central Park and all along Park Avenue, for a chance to win cash, prizes, and acclaim. There are many categories, from watercolors and pastels to sculpture, jewelry, and digital art. There's also a Children's Workshop with hands-on activities to help kids learn about the art-making process.

Mount Dora Spring Festival of Arts - Mount Dora, FL

230 W. 4th Ave., Mount Dora, FL 32757

Every year, the streets near Mount Dora homes for sale are filled with art, as over 200 artists come together for the Mount Dora Spring Festival of Arts. Now in its 29th year, it began as an antique show before expanding to include handcrafted wares and art of all kinds. The event also features food vendors and live street performers. Running March 21-22 from 9 a.m. to 5 p.m., the festival is free to attend.

Florida Film Festival - Maitland, FL

1300 S. Orlando Ave., Maitland, FL 32751

Any film lover will want to check out the Florida Film Festival. Beginning April 10th, over 170 films from 41 countries are screened over 10 days at this Oscar-qualifying festival. There's also a host of events, including an opening night party and an awards ceremony. It's a great opportunity to mingle with other film lovers while seeing some of the best features and shorts from around the world.

Mount Dora Blueberry Festival - Mount Dora, FL

530 N. Donnelly St., Mount Dora, FL 32757

Mount Dora is known for its blueberries, and there's no better way to celebrate that than at the Mount Dora Blueberry Festival. It starts with a Blueberry Pancake Breakfast, followed by a Blueberry Pie-Eating Contest, plus an opportunity to pick fresh blueberries from local farms, and plenty of fresh-baked blueberry pies. Free to attend, the event runs April 25-26, 9 a.m. to 5 p.m.

Finding Your Central Florida Community

There are plenty of other events to explore in Central Florida and opportunities to connect with the community. Contact us if you're ready to make your new home here! We'll help you find a house you'll love in a neighborhood with everything you need.

2026 brings an incredible slate of plays, concerts, and performances to Central Florida's thriving cultural scene. Our real estate agents share their picks for can't-miss events in the upcoming months.

Must-See Theater and Arts Performances in Central Florida

Henry VI, Part 3: The Rise of Richard - Orlando, FL

Address: Lowndes Shakespeare Center, 812 E. Rollins St., Orlando, FL 32802

Henry VI, Part 3: The Rise of Richard brings Shakespeare's famous trilogy to a dramatic conclusion. Action centers on the tragically brutal War of the Roses, driven by the conflict between the royal houses of Lancaster and York, which led to the end of Henry VI's reign. The play is also noteworthy for the introduction of Richard of Gloucester, who became the subject of Shakespeare's later work, Richard III.

The show is part of Orlando Shakes' Signature Series. Dates are 4/1 - 4/19. Visit the website for pricing.

Rent in Concert - Orlando, FL

Address: Walt Disney Theater, Dr. Phillips Center, 445 S. Magnolia Ave., Orlando, FL 32801

One of the more beloved and award-winning musicals in Broadway history comes to the Walt Disney Theater with Rent in Concert. Inspired by the 1895 opera La Bohème, Rent tells the story of a culturally diverse group of neighbors struggling to pursue their art and music in Manhattan's Lower East Side in the late 1980s.

Famous songs featured in Rent in Concert include:

• "Seasons of Love"
• "La Vie Bohème"
• "Take Me or Leave Me"

This event is one day only, scheduled for 3 p.m. on Sunday, 3/15. Tickets start at $98.

A Tribute to Brian Wilson - Jacksonville, FL

Address: Florida Theatre, 128 E. Forsyth St., Suite 300, Jacksonville, FL 32202

As co-founder of the Beach Boys as well as an innovative songwriter and producer, Brian Wilson was highly regarded as a musical genius who received a Lifetime Achievement Grammy Award. Former bandmate Al Jardine brings his Pet Sounds Band to Jacksonville for A Tribute to Brian Wilson.

The evening's songlist includes popular Beach Boys tunes such as:

• "California Girls"
• "Wouldn't It Be Nice"
• "Good Vibrations"

Mark your calendar for 7 p.m. on Sunday, 3/1. Tickets are $59.50 - $92.

Swan Lake - Jacksonville, FL

Address: Jacksonville Center for the Performing Arts, 300 Water St., Jacksonville, FL 32202

Swan Lake, the iconic ballet set to music by Pyotr Ilyich Tchaikovsky, had its debut performance in 1877, yet it remains enchantingly fresh to new generations. The family-friendly production takes place with a backdrop of hand-painted sets and more than 200 custom-designed scenery elements. 

Other upcoming shows in the FSCJ Artist Series include Stayin' Alive: One Night of the Bee Gees (Thursday, 3/5) and Puppy Pals LIVE (Wednesday, 4/1).

Showtime for Swan Lake is 7:30 p.m. on Wednesday, 3/4. Tickets are $30.89 - $102.85.

Whose Live Anyway? - Orlando, FL

Address: Hard Rock Live, 6050 Universal Blvd., Orlando, FL 32819

If laughter is indeed the best medicine, Whose Live Anyway? will cure whatever ails you. Based on Whose Line Is It Anyway?, the long-running TV improv show, top comedians use suggestions from the audience to come up with hilarious skits and songs right on the spot. 

The cast is comprised of skilled veterans from the TV show:

• Ryan Stiles (who also serves as executive producer)
• Greg Proops
• Chip Esten
• Jeff B. Davis

Get ready to laugh beginning at 8 p.m. on Friday, 3/20. Tickets start at $121.

Something's Always Happening in Central Florida

Whatever type of entertainment you prefer, you'll find it around Central Florida. Contact us for experienced help with all your real estate needs.

Many Florida homeowners like to refresh their homes early in the year as they prepare for warmer weather. Simple, budget-friendly updates can improve everyday comfort while also adding appeal for future buyers, and our real estate agents often see these small changes make a big difference at resale. Whether you plan to stay put or may move down the road, you don't need major renovations to boost comfort and value.

Affordable Interior Updates That Make a Big Impact

Refresh Walls With Light, Florida-Friendly Colors

Painting is one of the easiest and most affordable ways to update your home's interior. Light neutral colors and coastal shades reflect sunlight, making rooms feel cooler and more open in Florida's bright weather.

• Choose warm whites, soft blues, or sandy neutrals to brighten living areas
• Focus on high-traffic rooms like living rooms, kitchens, and primary bedrooms
• Use durable, washable finishes to stand up to humidity and everyday wear

A new coat of paint quickly makes a room look modern and attracts many types of buyers.

Update Lighting for Comfort and Efficiency

Good lighting makes your home more comfortable and easier to use, especially if you don't get much natural light.

• Swap outdated fixtures for modern, energy-efficient options
• Add under-cabinet lighting in kitchens for task visibility
• Use warm LED bulbs to create a welcoming atmosphere

Better lighting can make daily life easier and may also help you save on energy bills.

Budget-Friendly Kitchen and Bathroom Improvements

Simple Kitchen Updates With Strong ROI

A full kitchen remodel can be expensive, but even small changes can make a big difference.

• Replace cabinet hardware with modern finishes like brushed nickel or matte black
• Install a new faucet with a pull-down sprayer for added convenience
• Refresh cabinet fronts with paint or peel-and-stick finishes

Simple kitchen updates often make your home more appealing to buyers and don't cost a lot.

Easy Bathroom Refreshes Buyers Notice

Bathrooms make a big impression, and a few easy updates can really improve how they look.

• Upgrade mirrors and lighting to brighten the room
• Re-caulk tubs and showers for a clean, well-maintained look
• Add open shelving for storage and style

These small changes help bathrooms look clean, work well, and feel ready for new owners.

Outdoor Improvements That Enhance Curb Appeal

Simple Ways to Boost Exterior Appeal

First impressions matter, especially in competitive Florida markets.

• Add fresh mulch and native plants that thrive in warm weather
• Power-wash walkways, driveways, and siding
• Upgrade front door hardware or add a bold accent color

Curb appeal sets the tone for the entire home, making it an essential area to prioritize.

Make Outdoor Living Spaces More Comfortable

Outdoor spaces are a major selling point for Florida homes, and enhancing them doesn't have to be expensive.

• Add outdoor rugs and weather-resistant seating
• Install string lights or solar lighting for evening ambiance
• Refresh patios with planters or shade solutions

Comfortable outdoor areas extend usable living space and attract lifestyle-focused buyers.

Energy-Smart Updates That Improve Daily Living

Low-Cost Energy Efficiency Improvements

Florida homeowners benefit greatly from energy-conscious upgrades that help manage cooling costs.

• Seal windows and doors to reduce air leaks
• Install programmable or smart thermostats
• Use ceiling fans to improve airflow and reduce AC use

Energy-efficient homes are increasingly attractive to buyers looking to manage monthly expenses.

Small Updates That Add Long-Term Value

Not every improvement needs to be flashy. Decluttering, updating storage solutions, and maintaining systems all contribute to a home that feels cared for and comfortable. When combined, these smaller projects create a noticeable difference in how a home looks, feels, and performs—key factors that influence buyer perception and property value.

Get Expert Guidance for Your Next Move

Whether you're improving your home for personal enjoyment or preparing for a future sale, thoughtful updates can make a meaningful difference. Our team understands what buyers look for in Florida homes and can help you prioritize upgrades that offer the best ROI. When you're ready to explore your options or take the next step, contact us to learn more about your local market and how to maximize your home's potential.

A major stabilizing force continues to be the large number of homeowners with sub‑4% and even sub‑3% mortgages. These owners feel no urgency to move, which keeps inventory from flooding the market. If they did list at typical levels, supply would nearly double and prices would fall sharply. Instead, their reluctance to sell has helped maintain balance and protect home values.

As we enter 2026, mortgage rates are averaging around 6%, but buyers have more flexibility than they may realize. Builders and motivated sellers are frequently offering concessions that allow buyers to negotiate rates below 5% through temporary or permanent buydowns. This is creating real opportunities for buyers who are ready to act.

Our 2026 Forecast: A Steady, Opportunity‑Rich Market

We expect 2026 to look much like 2025 - stable, predictable, and supported by steady demand. Prices may remain flat or soften slightly by 1% to 3%, but nothing suggests a major correction. Interest rates will likely ease slowly, which means some buyers will continue to wait on the sidelines. Even so, our market will stay active thanks to:

• New residents relocating from across the country and around the world
• First‑time buyers entering the market
• Retirees selling their homes seeking a lower cost of living
• A smaller pool of move‑up buyers, keeping inventory in check

This combination creates a market where both buyers and sellers can succeed - with the right strategy.

Your Trusted Real Estate Team Since 1992

For more than three decades, we've helped Central Florida homeowners and buyers navigate every type of market - booms, corrections, and everything in between. If you're thinking about selling or buying in 2026, you don't have to figure it out alone.

• Sellers: We know how to position your home to maximize your sale price and net proceeds.
• Buyers: We excel at negotiating concessions and finding the ideal balance between price, incentives, and long‑term affordability.

2026 is full of opportunity. When you're ready, we're here to guide you with honesty, experience, and a strategy tailored to your goals.

Call or text Frank at 407‑421‑6412 to explore your options in today's market.

In the early 2000s, low housing inventory led to rising prices.  When inventory bottomed out in 2004, prices saw a sharp increase in 2005.  However, between 2006 and 2008, inventory levels tripled due to the banking crisis, bad loans, and investors offloading properties.  This resulted in a significant decline in prices, bottoming out in 2010.  As inventory decreased again, driven by investor purchases, prices stabilized and began to grow steadily.

From 2019 to 2021, inventory levels hit all-time lows, driving prices up by 35%.  This surge was fueled by historically low interest rates, high investor demand, and increased migration to Florida due to COVID-19 restrictions in other states.  By 2023, inflation led to rising long-term interest rates, slowing buyer demand, and reducing the presence of instant cash buyers.  As of January 2024, the market has become more balanced, though desirable homes still sell quickly.

In 2024, inflation began to stabilize, and the Federal Reserve lowered the federal funds rate. However, mortgage rates remained between 6% and 7% for most of the year, leading to price stabilization due to higher inventory levels and a balanced market.

In 2025, inventory levels remained consistent to 2024 levels, due in part to many potential sellers being "mortgage-locked" into their current homes.  We can thank this rare phenomenon for keeping our inventory levels consistent, otherwise we might start seeing price drops similar to 2008-2010 when inventory levels were double what they are now.  

For 2026, it's my opinion that prices will either stay consistent, or drop as much as much as 2%.  Experts think our prices will grow slowly, at around 1%.  We have shifted from an "even market" to a "buyer's market" in central Florida.  Many sellers are offering closing cost concessions to buyers, in order to sell their homes.  Even the very nicest homes are selling with concessions in early 2026.  Our market is being driven by new buyers to Central Florida and first-time buyers.  Many "upsizing/downsizing" buyers are sitting on their sub-4% and sub-3% mortgages and not entering the market.  These are the "mortgage-locked" buyers that are preventing our inventory levels from exploding, causing a serious price correction.

For assistance with selling your current home and buying your next one, contact Frank Plesko at 407-421-6412.  We look forward to helping you soon!

Article written by Frank Plesko, Watson Realty, compiled from Orlando Regional Realtor Association's Monthly Sales & Inventory Reports, and Frank's market observations.

• Safety & Resilience
  Florida's building codes have evolved dramatically since the hurricanes of '92, '04, and '17.  Today's homes are built tough - with impact windows, reinforced roofs, and block construction that stands up to storms.  Older homes often lack these protections, and that can mean higher insurance costs and more risk.
  
  
•  Energy Efficiency
  Newer homes are designed to save you money.  Think better insulation, high-efficiency HVAC systems, and double or triple-pane windows.  Homes built before 2005 often miss the mark here - leading to higher utility bills month after month.
  
  
•  Insurance Savings
  Fewer claims mean lower premiums.  Newer homes can shave hundreds (even thousands) off your annual insurance costs - just one more way they help your bottom line.
  
  
•  Layout & Interior Design
  Open-concept living, spacious kitchens, and modern finishes are the norm in newer homes.  Older layouts tend to feel boxed-in, with dated kitchens and baths unless they've been remodeled.
  
  
•  Technology & Convenience
  Smart-home features let you control everything from your thermostat to your sprinklers - right from your phone.  And yes, laundry rooms are inside, not tucked away in a humid garage.
  
  
•  Versatile (modern) Living Spaces for 2025
  Need a home office, gym, or in-law suite?  Newer homes often include flexible spaces and luxurious primary suites with spa-style bathrooms and walk-in closets.
  
  
•  Community Amenities
  Master-planned communities offer pools, playgrounds, sports courts, dog parks - even lakeside perks like boat launches and fishing piers.  There's something for everyone.
  
  
•  Can It Be Affordable?
  If you've owned your home for 5+ years, chances are you've built solid equity.  With today's prices, your current home may be worth far more than you think.  It's all about the monthly payment - and how your equity can work for you.

Ready to explore your options?  Call or text Frank at 407-421-6412.  Let's review your home's value, your financial picture, and map out a smart path to your next home.  We're here to help you make the move with confidence!

The Power of True Representation

Builder salespeople are employees of the builder.  Their goal?  Promote their company's homes, protect their bottom line, and stick closely to company policies.  They don't work for you.

• We do. With 33 years of experience in Central Florida real estate, including extensive work in new construction and resales, we've built a career on advocating for our clients - not builders.
  
  
• We ensure your priorities lead the process: price, location, upgrades, financing options, and timelines.

Navigating the Fine Print

New construction can be riddled with tricky terms, upgrade options, HOA policies, and builder incentives.

• We decipher the details and make sure you understand everything before you sign.
  
  
• We're skilled at identifying when something isn't quite in your best interest - something a builder rep may not point out.

Maximizing Incentives & Opportunities

Builder salespeople may mention available incentives, but they rarely go out of their way to find creative options that benefit you.

• We know how to leverage builder incentives like interest rate buy-downs, closing cost contributions, and upgrade packages.
  
  
• With decades of relationships across builders and lenders, we can often uncover opportunities that aren't promoted publicly.

From Lot Selection to Final Walkthroughs & Closing - We're There

From reviewing site plans to selecting upgrades that improve long-term value, we guide our clients through every step.

• We've helped hundreds of buyers avoid costly mistakes - like choosing an inferior lot or skipping pre-drywall inspections.
  
  
• Resale in mind?  We help you build with future value and marketability.

Trusted Advocates, Real Relationships

Over the years, countless families have trusted us - not just for one sale, but for generations.

• We take pride in building lasting relationships, being a resource before, during, and long after your keys are in hand.
  
  
• Builders sell houses. We help people find home.

Thinking about building a new home?  Let our experience be your biggest asset.  With over three decades of guiding buyers through new construction and resale journeys, we know what matters - and we fight to make sure you get it.

Let us help turn your dream build into a smart investment!

Long-Term Financial Growth

Home values have appreciated steadily across Central Florida, and renting allows you to retain ownership while collecting monthly income.  With demand for rental homes still strong - especially among relocators and remote workers - your property can become a passive income stream while continuing to gain value.

Offset Rising Costs

In a climate of fluctuating interest rates, insurance costs and inflation, rental income can help offset your own housing or investment costs.  Many landlords also use rental proceeds to subsidize new mortgages, creating a win-win financial strategy.

Flexibility for the Future

Renting gives you options.  Whether you plan to move back, gift the property to a family member, or wait for more favorable market conditions to sell, leasing keeps those doors open. It's an ideal solution for homeowners navigating career transitions or uncertain long-term plans.

Tax Benefits and Equity Growth

Owners who rent may qualify for tax deductions on maintenance, property management, and more.  Plus, as your tenants pay down the mortgage, you continue building equity - quietly but steadily.

Partnering with Property Management Pros

Managing a rental can be time-consuming and stressful - especially for those unfamiliar with tenant laws, maintenance logistics, or rent collection.  That's where a professional property management company becomes invaluable.  They can handle everything from marketing and screening tenants to rent collection, coordinating repairs and enforcing lease terms, allowing you to enjoy the benefits of ownership without the day-to-day headaches.  Plus, their expertise helps maximize your rental's profitability while minimizing risk.

Watson Property Management is a great option for professional management of your rental property!  To inquire about our professional management services, visit https://www.watsonrent.com/.  For a personal referral, call or text Frank Plesko at 407-421-6412.

Fall is a good time to hold an open house, especially in Florida. The weather gets milder and more welcoming. With the right planning, you can make your home noticeable and attract real buyers. Here's what you need to know:

Tips for Getting Ready for Your Fall Open House

• Create Curb Appeal: First impressions matter. Keep your lawn neat. Rake up leaves, trim hedges, and plant seasonal flowers. A few pumpkins or a fall wreath on the front door can make it feel warm and welcoming.
• Clean and Declutter: Before you show your home, clean it well. Take away personal items, extra furniture, and clutter. This makes the space feel bigger and more attractive to buyers.
• Add Fall Decor: Use fall items like cozy blankets, warm-colored pillows, and nice autumn centerpieces. Avoid going too far; just a few touches can make the home feel inviting without being too much for buyers.
• Let in Natural Light: With shorter days, you get less natural light. Open curtains and blinds. Turn on lights in darker areas to keep the home bright and cheerful.
• Set the Temperature: Florida can still feel warm in fall. Make sure your home is at a comfy temperature. If it's cool outside, consider opening windows for fresh air.
• Offer Seasonal Treats: Add to the experience with snacks and drinks for fall, like apple cider, pumpkin muffins, or spiced cookies. It gives a nice feel and can make buyers feel at home.
• Highlight Cozy Features: Show off features like a fireplace, reading nook, or porch. Use extra pillows, blankets, and warm lighting to make these spaces feel extra inviting.
• Use Seasonal Scents: Refresh your home with scents of fall, like cinnamon, apple, or pumpkin spice. Keep it simple; a light scent can feel good without distracting potential buyers.
• Prepare Information Packs: Have flyers ready for visitors. Include details about the house, neighborhood, and local spots. This helps buyers remember key features of your home.

The Role of a Real Estate Agent in Your Fall Open House

Hosting an open house may look easy, but getting ready and doing it well needs skill and knowledge of the market. Our real estate agents can help you make the most of this chance to impress buyers. We understand what buyers want, especially in the fall. We can guide you in getting your home ready to sell.

From giving advice on the best decor to pointing out your property's special features, we make sure that every detail matches today's market trends. Also, we take care of the promotion, follow-up, and coordination. This makes the process easy and stress-free for you.

Contact us to set up your fall open house. Our team is here to help you get ready for a great showing. With our help, buyers will see your house as their future home quickly.

Our goal is always to ensure that our selling and buying clients are knowledgeable, and fully prepared to succeed in any type of market environment.  These changes impact both buyers and sellers.

Because of a National Association of Realtors (NAR) settlement with the Dept. of Justice (DOJ), there are big changes coming to how real estate agents operate, and how they are compensated.

Starting on or about August 17^th of this year (exact date TBD), these changes will take effect in Florida:

• Sellers of real property (all types of residential homes, including land) will no longer be obligated to offer compensation to buying-side agents when they list their homes for sale in the MLS.  Prior to August (going back decades), sellers offered a total professional services fee to their listing-side agents, and a portion of that fee was shared with buying-side agents.  The amount of compensation offered to buying-side agents was advertised in the MLS listing in a data field. 

• Listing-side real estate agents will no longer be able to advertise or promote offers of compensation to buying-side real estate agents in MLS listings, or anywhere else online.  Buying-side agents will now have to contact individual listing-side agents directly to determine if compensation is offered to them, or not.  They will do this, prior to showing any homes to their buyers.

• Buyers must now sign an "Exclusive Buyer Broker Agreement" or "Showing Agreement" with a chosen buying-side agent, prior to viewing any properties, and/or submitting any offers through that buying-side real estate agent to a seller of real property. 

• Buyers now, in many cases, will have to pay a "negotiated professional services fee" to their chosen buying-side agent, for the services that they provide to that buyer.  This fee will be noted in the "Exclusive Buyer Broker Agreement" or "Showing Agreement".  Listing agents must also have a professional services fee noted in their listing agreements, if they show or sell their listings to buyers.  

• Sellers may still offer compensation to buying-side agents (shared professional services fee as before), and that amount trumps or overwrites the fee that a buyer would have to pay to their buying-side agent. However, this fee cannot be advertised or otherwise promoted in the MLS listing, or anywhere online. 

• In the event that a seller of property chooses not to offer any compensation to a buying-side agent, that agent must look to the buyer for any compensation they receive, per their "Exclusive Buyer Broker Agreement" or "Showing Agreement".  There are "pros and cons" of offering compensation to buying-side agents.  Buying-side agents are not obligated (by law) to work for free, and they will not.

• Buyers may continue asking sellers for "contributions toward their closing fees" when they negotiate their purchase & sale contract with sellers. The amount of this "contribution" can take into consideration any (additional fee) they must now pay to their buying-side agent, if in fact, the seller is not compensating them.

Does any part of this sound convoluted or confusing to you?  

Want to know how this will impact you on the sale of your current home or purchase of your next home?

As always, Frank & Gloria Plesko and Watson Realty are on top of things and ahead of the curve!  If you're thinking about selling your current home, (and/or) buying your next – call or text Frank today at 407-421-6412.  We will guide you safely through this maze of changes so you make the best financial decisions possible! 

The timely sale of your home at the highest possible price is our top goal, followed by helping you get the "best deal possible" on the purchase of your next home!  The decisions you make on WHO lists and markets your home, and WHO you use as your buying-side agent can drastically impact you financially. 

MOST real estate companies are playing "catch up" on the new rules, and their individual real estate agents are unprepared for the upcoming changes next month.

Call or text Frank today if you'd like to discuss the changes coming, and of course when you're ready to sit down and discuss the successful marketing of your current home, or purchase of your next home!

Top 10 go-to metro areas: 

1. Miami
2. Phoenix
3. Las Vegas
4. Sacramento, California
5. Tampa
6. Orlando
7. Cape Coral
8. Dallas
9. North Port-Sarasota
10. Houston
    
    

Top 10 move-out metro areas: 

11. San Francisco
12. New York
13. Los Angeles
14. Washington, D.C.
15. Chicago
16. Boston
17. Seattle
18. Denver
19. Hartford
20. Portland

 
What is our market like now?   

The Orlando area has a 3.5-month supply of homes, as of the last reported month of March 2024.  This means if no more homes are listed, it would take 3.5 months for all homes to sell.  During the peak of our last frothy market (2021), the supply of homes went as low as 2 weeks!  At that time EVERYONE was selling and buying a home!  International buyers, buyers from "lock-down states" due to the pandemic, and local buyers all made their moves while interest rates were at historic lows.  A "balanced market" occurs when there is a 6-month supply of homes on the market at a given time.  Anything under that is generally deemed a "seller's market", anything over that is a "buyer's market".

Will inventory rise causing prices to fall?

Although inventory is much higher than it was back in 2021/2022, demand from international buyers and buyers relocating from other states continues to keep inventory levels stable. 

The group that seems to be most affected by higher interest rates are those homeowners sitting on sub-4% and sub-3% interest rates.  Many of these potential buyers are trapped in their current homes, as they simply cannot afford or do not desire to make a lateral move to a similarly priced home, for a new mortgage payment that is hundreds of dollars more than they are paying now.  Because this potential buyer group is not engaging with the central Florida market, adding their inventory of homes to the mix, inventory levels continue to stay on the low side.  This is another key factor on why inventory is low, allowing prices to continue to rise.

What happens when interest rates start falling? 

We feel that when the first digit of published interest rates is a "5" - that will be the trigger for the fence-sitting local homeowners to list their homes and buy again.  The addition of this group of buyers, along with foreign buyers and state-to-state buyes could once again create bidding wars on many homes, with prices rising even faster.  Right now (May/June 2024) rates are around 6.75% - 6.875%.  The Federal Reserve signaled that rate cuts may begin later this year.  We expect our next boom market to occur in 2025.   

Should I wait to list and sell my home until next year?

This depends on a variety of personal factors.  On the "pro-sell" side you have the fact that there is more inventory (and choices) now than there has been over the past few years.  Prices are are still high so you likely have plenty of equity and funds to work with when you buy again.  You can also pay off any higher-interest consumer debts when you sell your current home such as credit cards and personal loans.  Many buyers are currently negotiating "interest rate buy-downs", and landing rates around the 5% level - RIGHT NOW!  

If you wait until rates are sub-6% or sub-5%?  It will be a great time to sell, and you may not have to negotiate very much, kind of like selling in 2021.  But when you buy?!  You will more than likely run into much more competition, and may even have to pay thousands above list price - just like our last impossible market in 2021.  So which scenario sounds better to you?

Article written by Frank Plesko, Broker-Associate, Watson Realty.  Information based on various MLS statistics, local market observations, state and national expert predictions.

In order to drive buyer interest and offers, you'll need to put in the effort to ensure your home makes a lasting impression. Our real estate agents always say cleaning is the single most important thing you can do in the days and weeks leading to an open house. And we don't mean tidying up. You'll likely need to clean like you've never cleaned before. If you're preparing for an open house, we prepared a quick list of areas many homeowners miss during the cleaning process:

• Start From The Top
  When preparing for an open house, every single surface in the house must be cleaned. Because we tend to focus on what's at eye level, it can be helpful to start at the top of the room to ensure you don't miss any fixtures. Ceiling fans, the top of window fixtures, and picture frames are often missed. Once you've cleaned the top of the room, start working your way down.
  
  
• Don't Forget Your Baseboards
  Because of their position on the floor and near vents, baseboards are great at accumulating dirt, dust, and pet hair. And it's easy to miss! We generally recommend giving your baseboards a good scrub when cleaning the floors. This will help cut down on hidden pet odors as well! 
  
  
• Give Your Garbage Disposal Some Attention
  When was the last time you cleaned your garbage disposal? Chances are you've overlooked cleaning this appliance for some time. If it's been a while, it may even have an odor. We recommend a half-cup of baking soda, one cup of white vinegar, and a chopped citrus peel. Allow the mixture to sit for about 10 minutes before turning on the water and running the disposal.
  
  
• Wipe Out The Bottoms Of Your Kitchen Cabinets
  Remember, buyers will be opening every cupboard door in your kitchen, so ensure everything is tidy. Take the time to wipe out the bottoms of each cabinet. Get rid of any food stains or spilled spices and seasonings that may have accumulated over the years. 
  
  
• Make Your Faucets Sparkle
  To help your kitchen and bathroom look as clean as possible, use a bit of baby oil when wiping down stainless steel sinks and faucets. You'll be surprised at how much it will make them shine and sparkle.
  
  
• Clean The Coffee Pot 
  It's easy to turn a blind eye to the condition of appliances we use daily, but if your coffee pot is looking nasty, you'll definitely want to store it away or, at the very least, wipe it down. The appliance should only be on display if it complements the aesthetic beauty of your counter space.

Cleaning for an open house is a big project, but it's definitely achievable throughout the weekend. Contact us today for more tips on preparing your home for the market. Our team is ready to help you list your home or help you find local open houses to attend if you're looking to buy this year.

That dreaded "I-word" (inflation) is the cause of everything we consume being more expensive, including housing.  When the Federal Reserve started raising the 'federal funds rate' (the rate that banks use to borrow money from each other), that triggered all kinds of interest rate hikes, including mortgage rates.  But inflation is largely to blame for higher mortgage rates.  Lenders don't make the same level of profit on a loan in this inflationary market, because they know the majority of loans written in 2022 will be refinanced in 2023 and beyond.  Because of this, they are now charging discount points (upfront profit) that they weren't charging when rates were low.

A look back (2020 – Summer 2022):

Housing prices have been escalating at a 15% - 25% annual rate for the past couple years.  When interest rates were in the 3% range (only 11 months ago), buyers and cash investors were bidding against each other for every available property listing, with many buyers losing out and giving up on buying a home.  This went on from 2020 – May/June 2022.  It's unfortunate for those buyers who lost out on acquiring a home since interest rates have gone from the 3% range (Jan 2022), to the 6% range (Nov 2022).  For a $360,000 purchase price (just below current median price), and a $300,000 30-yr. fixed mortgage loan, a buyer will now have to pay around $534/month more.  Prices are also about 12% higher than they were a year ago, so those buyers who lost out would now have to pay $43,000 more for a home than last year. 

Where we are now (Nov 2022):

The impact higher interest rates have had on housing in central Florida include:

• Days to contract has increased to around 30 days on average (down from 3-7 days at market peak) 

• Bidding wars have stopped except for homes underpriced (to create bidding wars), or homes that are in stellar condition, remodeled and highly desirable. 

• The Orlando "median price" has decreased for 3 months in a row recently (July – Sept 2022) for the first time in 3 years. Over the past 2 years that hasn't happened for 2 consecutive months.  The median price has been 365,000 for both September and October 2022, indicating prices have flattened out. 
  
  
• Monthly (year-over-year) appreciation has gone from 25%, to 20%, to 15%, and to the current 12% rate.  This further indicates prices have flattened.

• For a home priced at 360,000 (just below current median price), with a 20% down payment, the principal & interest portion of the payment is around $534/month higher than it was at the beginning of 2022. 

• Overall inventory level is around 109% higher than this time last year (which is great for buyers)! That may sound like a lot, until you realize how LOW inventory was a year ago!   

Buyer's Market?  Seller's Market?  What are we in now?

A seller's market is when there are 3 months of inventory on the market (or less).  In October 2022, there were 7,128 homes on the market, with 2,716 total sales that month.  That equates to a 2 month and 18 day supply of homes.  So it would take that amount of time for ALL the inventory to sell, if no other homes came onto the market.

We are still in a seller's market, but edging ever so steadily into an "even market".  An even market is defined when there is a 3-6 month supply of inventory.  We feel we will not get into a hard core buyer's market, but will float around in an even market for the next 3-6 months. 

Just realize that between 2020 – early 2022 there was usually LESS than a 2 month supply of homes on the market.  During much of this time there was only a 1 month supply.  So the fact that total inventory is UP 109% over this time last year is a GOOD THING. Up until now, you could sell a home but have a very difficult time winning a bidding war on that next home.  Now there is more inventory, and less competition including competition from cash investors that won many bidding wars.

Will there be a market crash?

No there won't be.  The crash in 2008 – 2010 was based on market conditions that were entirely something different.  In that market, the real estate crash caused a recession.  That was because anybody that could walk, talk and chew bubble gum could get a mortgage loan.  Didn't even need a job.  Who knew that was a bad idea? – lol.  Lending standards have since become stringent, and people who have mortgages are actually qualified to have them.

Our "crystal ball" for 2023:

The chief economists and market forecasters we follow feel that mortgage rates will start dropping soon.  Rates were as high as 7% last month, but have since slipped to 6% due to issues with crypto currencies.  Our forecasters feel rates will drop as low as 4% next year.  This should bring more buyers off the sidelines and back into the market, with prices slowly ticking upward again.  This will also trigger mass refinancing for many buyers who have purchased homes this year.  In the short term (3-6 months) prices may fall a bit, then firm up and start trending upward again when rates are lower and buyer demand surges once again. 

In closing just realize that our real estate market runs in cycles.  Always has, always will.  Demand for Florida real estate is HUGE and is predicted to stay strong into the foreseeable future.  Baby boomers are retiring here, international buyers want to buy here, and investors still want to invest in Florida.

Would you like a custom market analysis on the potential selling value of your home?  Simply call, text or e-mail Frank today at 407-421-6412.  We look forward to helping you soon!

Article written by Frank Plesko, Broker-Associate & Licensed Real Estate Instructor – Watson Realty Corp.

Updating your bathroom vanity can instantly give your entire bathroom a new look that reflects your sense of style. From using paint to switching out the countertop, you can transform the entire room without breaking the bank. Whether you're planning to stay in your current home for a while and would like an update or are selling in the near future and want your home to sell as quickly and for as much as possible, a vanity makeover can help.

Our real estate agents suggest the following inexpensive bathroom vanity updates:

• Create a Weathered Look
  You can create an appealing weathered gray look for your vanity quickly and easily. You'll need just four materials - chalk paint, chalk paint wax, a wax brush, and a dry lint-free rag - to achieve the look. First, apply two coats of the chalk paint to your vanity and wait for the paint to dry after each coat. Then rub the chalk paint wax on in small sections and use the wax brush to work it into crevices and grooves. Any excess can be then wiped away with a rag, and you'll have transformed your bathroom vanity with just a couple of hours of work and a few supplies.
  
  
• Use Stencils or Wallpaper
  In addition to a coat of paint, you can easily transform your bathroom vanity by adding painted stencils for more color and personality. Add two coats of paint to your bathroom vanity, letting each coat dry. Then choose some stencils in a pattern you like and use them to paint a design on your vanity to give it an extra pop. Stencils are particularly budget-friendly since not only are they inexpensive, but you can also reuse them on other projects, including furniture, fabric, and walls.
  
  
• Swap in Some New Hardware
  Adding new hardware is an inexpensive DIY upgrade for all types of cabinets and furniture, and the bathroom vanity is no different. Brushed brass or sleek chrome are often good choices for vanity knobs and drawer pulls, and you'll also want to look at matching them with other bathroom hardware updates, such as the toilet paper holder and towel racks.
  
  
• Update Your Countertop
  If your vanity countertop looks dated or simply doesn't add anything positive to your bathroom's appearance, consider swapping it out for a new one. Granite, quartz, and marble are popular options that are attractive and long-lasting. Or, for a more inexpensive option, use a spray paint like Krylon Make It Stone to give your existing bathroom vanity countertop a fresher, more modern look.
  
  
• Create a Mesh Tile Countertop
  Covering the top of your vanity with mesh tile squares can achieve a dramatic change in appearance. They come in a wide variety of textures, colors, and styles, so they can be used to achieve a wide variety of different looks. 

Contact us for help with your buying and selling needs throughout Florida and southeastern Georgia. And if you're interested in selling your home, we can recommend inexpensive updates and improvements that will help make your home more marketable. 

If you're planning on buying a Florida home or upgrading to a different Florida property, you'll find that there are a lot of architectural styles to choose from. Our real estate agents understand that having so many options can feel overwhelming, especially if you aren't sure exactly what you're searching for in a home.

We recommend learning about the different architectural options so that you feel more comfortable when you're shopping for a home. Here are some of the most popular Florida home styles. 

• Mediterranean Architecture
  Mediterranean architecture is known for its stucco walls, arched doorways and windows, and tiled roofs. On the interior, this style usually incorporates arches and vaults into the design, giving the home a light, airy feel. Stone walls and floors, along with wrought iron fixtures, are also common. This home design is similar to that of coastal villas found throughout Europe. It's a popular option among homeowners who are searching for a luxurious style that compliments Florida's tropical atmosphere. 

• Spanish Style Architecture
  Spanish style architecture is similar to Mediterranean style architecture, but there are a few key differences. The Spanish design usually has red tile roofing, a white stucco exterior, and wooden support beams. Its design also includes a lot of curves, such as arched windows and curving entryways and exterior features. Wrought iron elements are also associated with this home design. 

• Coastal Contemporary Architecture
  The coastal contemporary home design is designed to bring the relaxing tranquility associated with a day at the shore into your own home(even if you live hundreds of miles away from the nearest beach). While this style is popular on the Florida coastline, it's also a hit with anyone looking for a tranquil home. This style doesn't necessarily include a lot of nautical elements to give it a beachy, laidback vibe. Instead, it utilizes soothing, neutral colors that may include a bright hue or two to add a pop of color to the home. There are often a lot of wooden or woven elements incorporated into the home to give it the texture differences associated with the beach. These homes often have high ceilings, lots of windows, and an open floor plan to help you maximize airflow throughout the interior rooms and take advantage of gorgeous exterior views. 

• Victorian Architecture
  Victorian architecture often has smaller windows, a tall, narrow design, and a lot of exterior embellishment, like a fancy porch railing. This design style is also synonymous with steeply pitched roofs and asymmetrical design. Homes with Victorian architecture are usually located in historic areas of Florida alongside other Victorian homes. While these homes are older, the design is considered timeless and full of old-world charm. 

• Ranch-Style Architecture
  Ranch-style homes are common in many states, including Florida. This design is one-story and spreads the home out across the property's land. A home with ranch-style architecture is a great fit for anyone with mobility limitations; the lack of stairs makes it easier to "age at home." Sliding glass doors are common in ranch-style homes to allow more natural light into the home and to help connect the home to its backyard. This design usually has an "L" or U" shape and includes a garage. 

The variety of architecture in Florida makes it easy to find a home that fits your needs and aesthetic preferences. Ready to begin shopping for your next home? Contact us today to get started!

You're ready to start the process of searching for your next home, but you're a little apprehensive about all the steps associated with the process. One stage that our real estate agents suggest you learn about is the closing process.

The closing process is the last major stage of buying a home before you're officially a homeowner. Here's what you should know.

• It Takes a While to Reach the Closing Phase
  From the point that the home seller accepts your offer, it usually takes between 40 and 60 days to close on the property officially. There are often a lot of documents that you need to turn in for your mortgage application to officially be processed. Even if you're obtained mortgage pre-approval, you still need to submit documentation to verify your income and assets. Depending on how busy your lender is, it might take a few weeks to process your loan. You also need to schedule any inspections that are required or recommended to buy the home, like a home appraisal, home inspection, or property inspection, during this period. It's possible to potentially extend the closing date if the home seller and buyer agree to do so. Sometimes, one party might need an extended period to sell a property, find a new home, or handle other personal matters. 

• Your Closing Date Could Be Delayed
  It's possible for items to pop up that delay your official closing date. For example, if your home inspection shows that the property needs some repairs and the seller agrees to fix them, these repairs can delay the closing date. Or, if you take out a new loan or credit card while you're waiting to close on the home, your credit might be impacted. This means that your mortgage lender may need to review the specifics of your loan to confirm that you still qualify. To prevent your closing from being delayed, avoid making any changes to your financial situation. Don't apply for or take on new debt. Keep the balance in your savings accounts consistent; if you do make a large deposit to your bank account, make sure that you have documentation that proves where the funds came from (your lender will want to confirm that the money isn't from a loan or credit cards). Changing jobs is usually okay if you otherwise have a stable employment history. Just make sure that your income doesn't significantly change, or this can affect your loan approval. 

• There Are Certain Things You Need to Bring to Your Home Closing
  To close on your new home, you'll need to make sure you have the necessary items to ensure everything goes smoothly. You'll need some kind of government-issued identification, like a passport or driver's license. A certified check may be used to pay your portion of your down payment and closing costs, or if permitted by your lender, you may use a wire transfer to transfer the money. If this money will be coming from different investment or bank accounts, make sure that you give yourself enough time to transfer the funds. You also need to bring proof of your homeowner's insurance on your new home. 

Ready to find your next home? Our team is ready to help every step of the way. Contact us today to start your search!

What has caused insurance rates to skyrocket in Florida?

• The initial reason was steadily rising rates due to Hurricanes, especially Hurricane Irma in 2017. The original statute of limitations for filing Hurricane claims was 3 years, so many claims concluded in 2020, with many still in litigation.
  
  
• The rising cost of "re-insurance", which insurers pay to ensure they can cover all claims after a catastrophic storm event.
  
  
• A combination of well-meaning court rulings and changes in state laws over the years has created a "litigation economy" that gives financial incentives to attorneys to file lawsuits against insurers: 

• A 2016 Florida Supreme Court ruling said: "If 25% or more of a roof is damaged by a problem covered by the policy, the entire roof must be replaced and insurer must pay for it". This created the 'door-knocking' public adjusters that do free inspections, to find loose shingles, wind damage, hail damage and old hurricane damage.  Then they get a homeowner to sign an AOB (assignment of benefits), essentially hiring the agent to act on their behalf including hiring an attorney to sue the insurer if they don't comply.  Florida is one of the most litigious states in the country.
  
  
• Another State Law called "one-way attorney fees". It says, "if the contractor can win 'one penny more' than the insurer's initial offer, the insurance company must pay the legal fees for both sides.  In one case a homeowner received $35,000 while the attorneys netted $750,000.
  
  

What was the result of all this?

• Of 15 billion that went to litigated claims since 2015, only 8% was paid out to policy owners. Plaintiff's attorneys received 71%, and insurer's defense attorneys accounted for 21%.  That's 92% paid to attorneys, and 8% paid on policy owner's claims – for roof repairs or replacements.
  
  
• Of the average premium paid to insurers, about 30-35% of that goes toward their expected legal fees in fighting fraudulent claims. This is essentially a "hidden tax" that covers the costs of additional litigation that occurs in Florida compared to other states.
  
  
• Homeowner's have seen their insurance rise as much as 40% as insurers pass on the costs of settling an ever-increasing number of lawsuits.
  
  
• Insurers have become unwilling to insure roofing structures over 15 years old, and some won't even cover those that are over 10 years old! As a Realtor, we now have a very difficult (to impossible) time in assisting our buyers to find insurance on homes with roofs that are over 15 yrs of age.
  
  

What is the State of Florida doing about the problem?

• The Florida State Senate passed "Senate Bill 76" in April 2021, which addresses several issues surrounding the rising costs of property insurance in Florida. On June 11 2021, Governor DeSantis signed the bill into law.  The bill provides that:
  
  
• Restricts the ability of roofers to solicit claims by door-to-door solicitations, and slaps legal and financial penalties on attorneys who work with these contractors, frequently filing on their behalf. 

• Creates a uniform claim filing period (2 years after storm event, not 3). 

• A policy holder/claimant must notify the insurance company before filing a lawsuit, to give the insurance company sufficient time to inspect the property before a lawsuit is filed. 

• Changes how attorney fees are awarded in property insurance litigation: Attorney's fees will be directly related to how successful the insured was in recovering the amount demanded in their litigation.  If the claimant receives a least 80% of the claim, the insurance company must pay all reasonable attorney's fees.  If the claimant recovers at least 20%, but less than 80%, the insurer will be required to pay the same percentage of fees related to the recovery that was recovered in the action.  Adopts federal court standard for awarding attorney fee "multipliers" in claims arising under the property insurance policies and directs courts to presume the "Lodestar Fee" is reasonable, and provides that multipliers will only be awarded in rare circumstances.  Multipliers WERE previously allowed when homeowners had a hard time finding an attorney who would work their claim. 

• Ensures there is a clear understanding between homeowners and insurance companies regarding when a roof replacement will be covered in full, or not. Limits will be based upon the age and type of roof.  

• Insurers to only offers policies that adjust roof claims to "actual cash value" if the roof is older than 10-years old. This means replacement cost – depreciation = cash value.  

• Allows insurers to offer options of purchasing a "stated value limit" for roof coverage.

So where are we now?  What can I do to help?

There are additional bills in the Florida Senate & House of Representatives that seek to modify or improve on Senate Bill 76.  Governor DeSantis is firmly FOR reducing and eliminating insurance fraud and unnecessary legal fees in order to help bring down Florida homeowner's insurance rates.

You can learn more about "Tort Reform", and even take action here: https://fltortreform.com/. The insurance industry backs this as a way to rein in the ever rising costs of insurance in our state.

Article written by,

Frank Plesko, REALTOR
Broker-Associate
Watson Realty Corp.

This type of pitch is out there in radio and TV, selling home title lock protections.  Prices vary, but $80 per year for a million dollars in protection is the common pitch. 

What are the odds this would ever happen?  What are the odds this insurance policy would ever pay out?

After checking several resources on this matter, there's one thing I can say for sure.  It is HARD and RARE that this event happens.  It is TRUE that anyone can forge your name onto any document, including a deed to try and convey title to the forger.  This forged deed can be filed in public records.  Before doing this, the forger must overcome their first hurdle, and that is having this deed "notarized".  Notaries validate signatures by viewing legal ID cards, namely driver licenses, social security cards, or other legal means of ID. 

But what if a forger was in cahoots with a notary, and they teamed up to work this fraud?

The next hurdle for them to overcome is borrowing against your home's equity.  Equity loans require credit applications, income documents, employment verifications, social security numbers, etc.  This is not a simple process at all. 

What if the forger and their notary accomplice try to sell my home? 

Any knowledgeable buyer will require "title insurance" to accept any deed to real property.  Title insurance protects buyers against defects in the title including liens, fraud and forgery.  It is possible that a buyer would close on a purchase without such insurance, but THEY would be the ones to lose money, not you! 

Forgery is a felony in all fifty states, punishable by jail time and heavy fines.  A court may also award damages to the aggrieved parties, namely YOU. 

If a forger went to this extent would I have to hire an attorney? 

The answer IS yes.  But the sooner the fraud is caught, the sooner an attorney can jump on it and help rectify the situation. 

Can home title lock insurance cover my legal expenses? 

According to Larry Light, senior contributor at Forbes.com; no, none of these services do that.  They simply notify you if anyone seems to be tampering with your home's title, then you must hire an attorney to fight the illegal action.  So these services are essentially well-paid notification companies. 

How can I find out if someone is tampering with my home's title or otherwise trying to commit a fraud using my name?  Are there any free services I can use?

YES, THERE ARE FREE SERVICES YOU CAN USE!  In Orange County Florida, you can register your names here:  https://www.occompt.com/official-records/property-fraud-faq/.  A forger would have to use your names to try and commit a fraud and when they do, you get a notification. 

My family installed a fence on our property in January of 2020, and I received an e-mail alert when the fence installer filed a mechanic's lien on my home.  They do that to make sure they get paid.  My son-in-law also got an e-mail notice when someone with a similar name as his was involved in a court case.  In both situations, the Orange County notification system worked for us.

There are probably similar resources available to you in the county where you live.  Contact your local property appraiser's office or county records office to inquire on the free system available to you. 

Written by,

Frank Plesko, Broker-Associate & REALTOR
Watson Realty Corp.

How do i-Buyers come up with their offers?

Many of these buyers use AVM (automated valuation models) to base their cash offers on your home.  These AVMs can vary wildly, and Realtors generally deem them as an unreliable way to price your home.  These companies will give you data to try and convince you that their offer on your home is fair, and that you should take it. 

By contrast, an experienced Realtor will give you a CMA (comparable market analysis) on your home, comparing it to other homes similar to yours, that have sold recently in your area.  The best Realtors will even make "adjustments" to the comparable sales, giving your home credit for superior features, remodeling, etc., and taking value away if you are lacking such improvements vs. the comparable sales.  Our goal is to show you what your home will appraise for, so you know what the maximum value is.

Do i-Buyers have fees comparable with Realtors?

YES THEY DO!  i-Buyer program fees range from 5 - 15%, but 6% is average for the well-known, larger i-Buyer companies.  This is comparable with the fees that Realtors earn to sell your home on the open market.  Sellers also have normal closing costs with both i-Buyers and selling with Realtors.

Why would I use an i-Buyer instead of a Realtor to sell my home?

If you need to sell your home in a hurry (meaning you can't wait 4-6 weeks), this may be an option for you.  But you won't be selling your home for the highest price possible because you're not opening it up to the masses.  Some i-Buyers will even let you close the sale when you want, but in an appreciating market, this is to the advantage of the i-buyer, not the home seller.  If you make contract with one of a few i-buyers in April for 350,000, but you don't close until October, that i-buyer just made about $35,000 in additional profit FROM YOU, by waiting to close!  They don't hand you your additional appreciation, you handed it to them for FREE!  Some will even give you a "moving perk" of some sort, but check the fine print!

These companies will also use the "no showings" pitch, which for some, can be a good thing.  But I'll tell you, if your home does not show well, needs repairs or is unappealing, you may be in store for a surprise.  i-Buyers have a "due diligence" inspection period, and they may choose to re-negotiate price with you after fully assessing your home.  More about that shortly.

Will I get the highest price possible by selling to an i-Buyer?

That is very unlikely.  I just did research of homes sales in Ocoee & Winter Garden Florida, covering the timeframe of 6/10/20 - 6/10/21.  I researched one of the largest i-Buyer companies (whose name I won't disclose in this article).  They bought & sold (22) homes in the area I researched, and these are my findings:

• Between purchase prices and resale prices; the lowest profit they made was a $12,000 loss, and the highest profit they made was $52,300.
  
  
• Out of (22) sales their average purchase price was 291,886, and their average resale price was 307,741 for an average profit of $15,855.

Will I have to do repairs if I sell to an i-Buyer?

i-Buyers will have a "due diligence" period that can range from 7 days - 15 days commonly.  During this timeframe they cancel the contract for any reason.  This is very similar to using a Realtor, as buyers all want the right to have your home inspected to see if any repairs are needed, if you have outdated components in your home such as wiring, plumbing, roofing or other components.  After they have checked out your home they "may" come back at you to re-negotiate price, or cancel the contract altogether.  Keep in mind that they are buying low and selling high, and if they have to replace too many components (reducing their expected profit), this will make your home less appealing.  Remember they haven't viewed your home, and they do not know it's condition.  

By contrast, buyers who have viewed your home with Realtors have seen the home.  Their experienced Realtors can look at some components and advise them accordingly on what the home needs, etc.  You will also fill out a simple seller's property disclosure where you can note the age of certain components, if any components are failing or don't work, etc.  So many buyers who work with Realtors have more realistic expectations on what your home may need (before) making their offers to you. 

Is there an appraisal with an i-Buyer?

Although they have the right to an appraisal, their contracts are not contingent upon the home appraising at purchase price. This is because they are confident they can sell the home for a profit, soon after they close the sale with you.  By contrast, buyers who are obtaining financing with small down payments will need your home to appraise at the purchase price.  Buyers with very large down payments exceeding 25 - 30% will not need your home to appraise at purchase price.

Due to the very competitive market in some parts of the country (especially in metro-Orlando) some buyers are waiving their appraisal contingencies, or are agreeing to pay X-amount over appraisal value, up to X-purchase price.  Also, OTHER CASH BUYERS are prevalent in the market, so no appraisals are needed with these buyers.

How much more can I receive if I sell with a Realtor and not an i-Buyer?

The average is just over $15,000, but this does not include the additional profit you might see if you sell on the "open market". When a seller lists their home with a Realtor, it is listed in an area multiple listing service (MLS).  When you maximize showings, you maximize opportunities for multiple offers, and in our 2021 market, offers above list prices.  How much higher?  Currently in April 2022 we've been selling, on average, $15,000 - $30,000 over list prices.  So I'd say by using an i-Buyer you would be consciously giving up around $25,000 in additional profits. 

Keep in mind that once these i-Buyers have closed on their sale with you, they immediately list your home for sale in your local MLS, and do what you could be doing; obtaining as many showings as possible, garnering multiple offers, and selling for maximum prices.  

Isn't the showing process more of a pain using a Realtor, and not an i-Buyer?

Maybe, or maybe not.  If your home is reasonably appealing, and you don't mind about 2-3 days of traffic, then using a Realtor should definitely be considered.  Between 2021 and April 2022, we are taking our professional photography on Thursdays, listing our homes Friday mornings, generating showings between Friday and Saturday - and choosing the very best offer on Saturday evening.

100% of all our listings are selling that way this year.  We ask sellers to leave the house (if possible) for just those two days of showings, just so agents can stream their buyers in and out, with everything staying neat and tidy for showings.  Alternatively sellers can remain home, but must be prepared to leave during showings. 

If our sellers leave for a couple days - we turn on lights and stage their homes in the mornings, then close them up at night.  Our lowest price over list this year has been $5,000, and our highest was $30,000.  If you have a truly exceptional home, and unless you are in one hell of a rush, there is no reason to use an i-Buyer.

What about negotiating my closing date, or staying in the home after closing so I can buy another home (with my cash now in hand and no home-to-sell contingency)?

Closing dates, along with other elements of a contract, are always negotiable.  We have been negotiating "lease-backs" for our sellers, allowing them to remain in the homes they have sold for up to 90 days after closing.  This gives them an opportunity to compete with other buyers who have no homes to sell, and who have no home sale contingencies in their offers.  If you must sell your home before you buy your next home, we would be happy to discuss the best options for your particular situation and goals.  We also utilize a company called, "Easy Knock".  For a fee, they allow you to rent back your house for up to 12-months while you are searching for the perfect home.  This is a TERRIFIC OPTION to many i-buyers, as they acquire your home upfront, you pay your normal seller closing fees plus a fee to "Easy Knock", then rent it back.  When you are ready to move, YOU manage the sale when "Easy Knock" sells it on the open market, and YOU POCKET ANY ADDITIONAL APPRECIATION PROFITS!  There is also a company out there called "Ribbon".  Once approved by them, they turn you into a CASH BUYER, allowing you to compete effectively in this difficult "seller's market".  These companies have different approaches in helping those sellers who are also buying again. 

I want to build a new home, and the only way they will work with us if we agree to use their preferred i-Buyer who will guarantee our sale and closing date

Our company, Watson Realty also is affiliated with a type of guaranteed sale program in the event you are being forced to use an i-Buyer as a condition of building a home with a local builder.  Ask us for more information about that if this applies to your situation.  The "Easy Knock" and "Ribbon" companies can satisfy requirements from builders, when you have a home to sell!

SUMMARY:

i-Buyers are what we in the real estate industry commonly call "market disrupters".  They are the main cause of what is driving our prices upward, but because they are competing with YOU, the local buyer who wants to sell then buy again, they are making it very difficult to move around.  The last time that there was surch a surge of investors was during the last housing boom that ran from around 2004 - 2008.  The financial market almost collapsed in 2009, with real estate values plunging.  You won't see i-Buyers in that sort of market, so when prices stablize and (eventually) go back down (they always do), i-Buyers will be a thing of the past. 

If you don't mind losing around $25,000 of profit and need a very fast sale, I guess they provide an option for you.  Otherwise choosing your experienced neighborhood Realtor is STILL the best way to go!

Article written by,

Frank Plesko, Broker-Associate & REALTOR
Watson Realty Corp.

Have you ever wondered what style of house represents your personality? There are so many home types to choose from, you should know which one fits you best! Take a look at these five popular home styles to get an idea for the aesthetic and functionality that match your unique personality when you're ready to purchase your next home.

Craftsman

Born out of the American Craftsman movement between 1900 and 1929, these homes were fashioned as a counterculture crusade against ornate, Victorian style to express handcrafted detail and humble living. Typical features include front porches supported by two thick columns, exposed beams, one story, low roofing, stucco accents and Earth-toned colors.

If you have an affinity for Craftsman style, you probably are a homebody who enjoys crafting or working with your hands. You may also love having a small garden or compost pile in your yard. You probably enjoy a warm cup of tea and reading in cozy rooms by a warm hearth.  

Midcentury Modern

Characterized by clean and simple lines, integration with nature, and honest materials, midcentury has made a significant comeback in recent years. Indicative of the 1950s and 60s, it takes influence from Scandinavian design, with function and form at its core.

Typically, these homes are one-story ranch homes with small elevation changes, open-concept layouts, and have unique nature-inspired details like indoor atriums and wood paneling.

If you love midcentury, you probably enjoy the artistic aspects of home design coupled with entertaining friends and family with classy cocktails and appetizers amid the sounds of a good vinyl record.

Contemporary

Contemporary simply means "of the current time." Innovative and looking toward the future, these homes change features with current needs, trends, and styles. So, in keeping with the right-now, these homes mix styles but add eco-friendly features and smart-home capabilities.

If these homes are your thing, you probably like less maintenance, more convenience, and cleanliness. You may gravitate toward industrial loft spaces and condos with little-to-no yard work for your busy, efficient personality. You probably have a small dog you can carry around with you anywhere, too. 

Mediterranean

Popular in Florida and the Southwest, Mediterranean-style homes include everything from Tuscan to Spanish to Mission Revival. Features include symmetry with rounded archways, columns, clay tile roofing, white stucco exterior, metal ironwork on gates or windows, beige interiors, and large kitchens. Oftentimes, a pool, a fountain or courtyard adorn the landscape.

This style of home is perfect for those who love to host their big families and friends from the heart of the home – the kitchen. If you love this style, you have a bit of a dramatic side, you're low maintenance, and you love relaxing by the pool like a Hollywood movie star.  

Beach Cottage

As a Florida brokerage, we know a thing or two about beach homes and the people who love them. Inspired by the Cape Cod homes of New England, these homes are built in the cottage style with cedar or shaker siding to weather the saltiest of sea air, high winds, and humidity.

If you love a beach home, you welcome lots of natural light, simple décor in whites and blue hues to match the landscape, and most importantly – direct access to the ocean. You simply cannot be landlocked, you may own a boat, and you probably make (or at least enjoy eating) a killer key lime pie.

Now that you know the most popular home styles in our area, and which one fits you best, give our Watson agents a call to help you find your perfect match today.

It's summer and you know what that means – it's listing season! Even though the market is primed for selling and many homes are selling for way over their asking price, it's still important to approach selling with a sound strategy. To that end, here are some key takeaways you should keep in mind to stay on top of your game in the lucrative 2021 market.

Understand Market Data

Though it can be exciting to sell when the market is scorching and you have the potential to make thousands over your asking price, remember that the market changes quickly, and there are a number of factors that go into pricing your home. According to Inman, if a home prices higher than comps in its area, it's likely that home has factors that can't be replicated – such as location, a pool, or a desirable lot. Your Watson agent knows to do their research thoroughly in order to best understand how to price your home.

Know Your Target Buyers

Low supply and buyer demand are skyrocketing the prices of homes, but that means that certain buyers are going to be priced out. Therefore, it's best to understand what your target audience is and what they're willing (and can afford) to pay. A great REALTOR® will understand where the leads are coming from, whether local or out-of-town, and what their financial backing looks like. Many buyers are offering all cash, but that may not always be your best bet since it can include contingencies, deductions, low-balling, and timelines that leave you frustrated.

Don't Alienate Your Buyer

You may think that since the market is in your favor, you get to call all the shots. But that attitude can backfire. Buyers still want a good deal and want to be treated with fairness. They also will be unwilling to move forward if the home doesn't meet their expectations. So, to avoid this pitfall, be sure to first get a thorough inspection and repair big items before listing your home. Things like roofs, leaks, or any basic items that are non-functioning need to be in great condition before listing, or you risk losing most buyers.

Proceed with Caution in Multiple-Offer Situations

Though receiving multiple offers on your home is a leveraging dream, it's not a particularly easy-to-navigate situation. Your instinct may tell you to go with the highest bid, but that's not always the right answer. An experienced REALTOR® will know to dig into the contract terms, financing, the offer letter itself, and other variables in order to make the best decision. It's best to operate with knowledge and realistic expectations and not let emotions sweep you away.

Now that you have the most vital information for selling your home in 2021, let's begin the listing process with the help of our expert Watson agents – contact us today!

I finally allowed a solar salesperson into my home, and he gave us a full presentation.  I have known this young man for many years, and I know him and his family to be honest.  He has been selling solar for 4 years now, so he is experienced at it.  What follows are notes from that presentation.  If you are considering adding solar to your home, be sure to read this article. 

How Solar Works

Your home is connected 24/7/365 to your local power grid.  While you use your electric company's power during the day, your panels collect energy simultaneously.  You sell back the power your panels collect to the utility at night.  This is called "net metering", and it's what reduces your power bill to make solar an option for people.  More about "net metering" later.

The Subject is my home

• 2-story home, approximately 2,930 interior square feet, built in 2016.
• Double-pane windows, heavily insulated, energy star appliances, 15 SEER A/C system
• Average power bill $212/month; average kilowatt hours/month 1,286

The System quoted, plus price

• 28 solar panels (I was not given the tech specs on these panels)
• Cash price: $29,792, less a 26% rebate of $7,746 = 22,046 total cash price
• Financing price: $39,368. 0-down, 125/month for 300 months (25 years).  Based on 1.99% interest with auto pay feature with financing company.  The 26% rebate you receive, which is higher at $10,236, is sent back to the financing company to keep your payment locked in at 125/month for 300 months.

The Sales Pitch

The way this was presented to me was based upon a 25-year life of the solar panels.  The salesperson showed how much money I would spend in electric costs, in consideration of a 3% annual rate hike, plus inflation.  Based on his calculations, my average electric bill without solar panels would be just a bit over $309/month.  After the next 300 months/25 years, this amount adds up to $92,752.

Over the same amount of time, my stream of payments for the solar panels adds up to $39,368.  This shows a hefty savings going solar of $53,384.  I believe that this simple formula is what makes most homeowners fall in love with solar.  But not so fast!  There are other things for savvy solar buyers to consider . . 

What's the catch?  Any hidden fees I'm not told about?

There are several other costs that are not typically disclosed, that WILL lower your savings on a solar investment. 

• When you re-roof your home. Florida roofing structures last between 15 – 20 years at the most.  This means during the life of your solar system you WILL be re-roofing your home.  Also many insurance agencies will not write new policies on homes with roofing structures over 15 years in age.  The price for removing solar panels is between $75-$150 per panel.  The price for re-installing them is the same.  For our subject home, that cost is between $4,200 - $8,400.  I will use a figure of $6,000 to be fair.
  
  
• The monthly "user fee" charged by your electric company. Every home must be connected to the power grid, and you WILL be paying their monthly connection or user fee.  This fee is quoted as somewhere between $10-$14/month.  Using the same 3% rate increase + inflation, I will estimate this user fee as $20/month over the next 300 months, for a total amount of $6,000.
  
  
• Increased cost of home insurance. Among other insurance issues noted later, there will be an increase in the "replacement cost" of your home, based upon the cost of the solar system.  For a $30,000 system this figure is conservatively $350 per year.  Over 25-years, that comes to $8,750.  Of course, this assumes the cost of insurance (overall) will not rise in Florida!  Florida homeowners are laughing right now.
  
  
• Annual Cleaning of panels. One hidden cost I found while researching solar panels is the cost of annual cleanings.  These cleanings help the panels perform as intended, over the course of their life.  I'm finding the cost is between $15-$35 per panel, or an average of $25.  In my example, $25 x 28 panels = $700.  Over 25 years, that comes to $17,500.

So after deducting $38,250, the projected 25-year savings drops to $15,134 over the next 25-years.  This can also be stated as $50.45/month, or $1.66 per day.  I am genuinely shocked by how low these savings really are!

So what if I pay cash?  That seems the thing to do!

If you pay cash for your system using my example, your total expense would be $22,046.  Your average monthly electric bill is $212/month.  If your electric bill is reduced to your user fee of $10/month, your "break even" on your output of cash is 104 months or 9.2 years.  Your additional insurance cost adds $3,150 in 9 years (assuming no insurance rates increases which is unrealistic), adding another 15 months to get to the "break even" point, bringing us to 10 ½ years.  Your annual cleanings are $700/year, which adds another $6,300 and another 29 months.  We're now up to about 13 years to get to your true "break even" point for your solar expense.

How reliable are these figures?

These figures are based on you receiving a "net zero" system, meaning you only are paying your user fee, and your power is 100% covered by your solar panels.  We know people who have invested in solar well over $20,000, and they STILL have electric costs well over their user fees. 

Are there other issues with solar? 

• Are roof warranties voided when panels are installed? Yes and no.  Where they drill through your roof (into trusses) to hold the rail systems that hold your panels, any roof warranty is voided in those areas.  The salesperson said that they provide a "25-year Performance Warranty", which warrants your roof won't leak in these areas.  Keep in mind this warranty is only applicable as long as your solar company stays in business.
  
  
• Will my panels be damaged in wind storms, hail or hurricane events? The most likely answer is no.  The panels are made with tempered glass which is designed to withstand a pretty strong impact.  They are also in rail systems on your roof, which are screwed into your truss system.  Unless your home gets a direct hit from a hurricane or tornado, it's unlikely they will be damaged.
  
  
• What about insuring my home with solar? Will it cost more?  The answer is YES.  I just had an extensive conversation with the Watson Realty Insurance affiliate, Linda Bozica, Vice President of Florida Insurance Concepts, LLC, and these are her comments: "More insurance carriers are covering homes with solar systems.  There is an increased cost on the annual policy, adding replacement costs.  Some carriers will only insure homes with solar panels if the home has a 1 million dollar liability policy, which some insurers do not offer.  Insurance carriers will deny coverage if the utility company is to be added onto the policy as an additional insured.  The homeowner also gives up privacy if this were to happen.  Some (but fewer) companies will not allow "net metering", which is when the homeowner sells energy back to the utility".  Keep in mind that "net metering" is what makes solar viable to the public.
  
  
• Technology changes over the years. Remember when computers cost over $3,000 and were snail-slow?  Now they cost under $500 and are 1000x faster.  That's technology for you!  The salesperson said that wattage pathways have increased by 35% since he's been selling (4 years).  There is also something called "bi-facial panels" which somehow collect energy off both sides of the panels.  So yes, better technology may improve panel performance over the next few years.
  
  
• Resale value/selling my home with solar panels. This is an area where solar salespersons should stay in their lane.  As a Realtor, I talk to appraisers often, and hear how they are dealing with homes that have solar.  They are typically giving homes with OWNED solar panels an upward value adjustment of $10,000.  So they DO have some resale value, but only if you OWN the systems, which most people won't.  We have had 2 buyers pass on solar homes because they did not want to take on the balance of the financed solar systems as a purchase condition for those homes.  Also keep in mind that homes with financed solar systems will not receive the $10,000 upward appraisal adjustment, because those systems are not OWNED.
  
  
• I'm an Environmentalist. Is solar a good thing for me to do?  Answer is yes.  You are adding electricity back to your local power grid, making utility companies more efficient by allowing them to distribute power more evenly during peak hours.
  
  
• REVISION (Nov 10, 2021) - The Florida Realtors and Florida Bar Association from time-to-time revise the contract we use.  In November 2021, such a revision added a new addendum to our contract that must be used when a home with a solar system is present, and where there is PACE financing in place.  It is labeled EE. PROPERTY ASSESSED CLEAN ENERGY (PACE) DISCLOSURE.  It basically says that if there is PACE financing in place, and if the buyer of that property is obtaining a mortgage, that the PACE loan must be paid off at closing.  
  
  
• UPDATE (April 2022) - There were bills in the Florida Legislature that would have ended net metering (the selling back of energy to the power company at retail rates).  The legislature softened the bill, to "grandfather" in those families that currently own solar, to a 20-year period before their net metering credits would end.  Governor DeSantis vetoed this bill whose main advocate was Florida Power & Light.  

Conclusion:

As a real estate professional, I know that the average homeowner owns their home for an average of 7 years.  We see families selling their homes between 5 – 10 years on average, so that 7-year itch applies to homes as well!  However many families buy and stay in a home for 15, 20, 25+ years.  For those folks, a solar system may make sense, but the savings are likely to be less than they thought.

Some area builders in central Florida are either adding solar systems to their new homes, or offering them as an option.  The Federal government is offering Florida Builders up to a $2,000 tax credit to build homes with renewable energy. 

Many solar salespeople are focusing solely on new homes, and not older homes.  People that own older homes with single-pane windows, older HVAC and electrical equipment and poor insulation should focus on improving those areas first.  For them, solar should be an afterthought.  Also if you have an older roof, you need to budget that extra $4,000 - $8,000 into your re-roof bill, for removal and re-installation of your solar panels.

What if a home is offered to you for sale where they OWN the panels?  For me, that is the only way I would consider a home with solar panels.  But I would only want to pay an additional $10,000 or whatever figure the appraisers adds onto their report.  I know I will have additional costs, but the savings may be worth it.

Thanks for taking the time to read this article.  We are all about helping homeowners make informed decisions and now you know more than you did before about solar and its hidden costs.

Article written by –
Frank Plesko, Broker-Associate
Watson Realty Corp.

Whether you're selling or refinancing, a lot rides on your home's professional appraisal. The appraiser's unbiased opinion will give buyers and lenders alike a clearer vision of your home's worth. A lower number hurts your chances of securing a loan or selling for a good price.

Many factors go into your home's appraisal, some of which you simply can't control like number of bedrooms or the neighborhood. Luckily, there are things you can do to boost your home's profile. Here are some tips for getting a high appraisal.

Look at Past Appraisals

If your home has been appraised in the past, take a look at those records. Pay close attention to the things that lowered your home's value and try to improve those issues first.

Clean Everything

Cleanliness is next to godliness, and that goes for your home too. Scrub, dust, and wipe every corner of your home to create a spotless presentation. Renew your air fresheners or light a candle or two to emphasize a clean, crisp environment. You'd be surprised how something as simple as cleaning can influence your appraisal.

Take Care of Those Minor Repairs

If you've been putting off those pesky leaks or clogged gutters, now's the time to knock them out. Neglecting quick and inexpensive fixes will absolutely negatively affect your appraisal. Be sure to document any minor and major repairs as well, especially if you hire contractors to work on them.

Create Curb Appeal

Before the process even begins, your appraiser will start making mental notes about your home's exterior as they arrive. Make sure they're taking good notes by creating welcoming curb appeal. This can be done by maintaining the grass and any plants, presenting a clean walkway, touching up the paint if need be, and more.

Enter the Modern Age

Worn finishes and creaky, old appliances won't score you any points for being vintage. Instead, consider saying goodbye to these relics of the past and enhancing your home with more modern touches, like quartz countertops or stainless-steel appliances. Appraisers will place more value on these sorts of higher-end details. Of course, it's always worth talking to your agent about which upgrades make the most sense for your home.

With that said, however, it's important not to cater your home to one specific niche. Pricey upgrades may not make as much sense as they do on paper – you may not even recoup those expenses in the sale.

The ultimate takeaway is to ensure your home is well-kept. Even a home with outdated stylings could sell well if it's been maintained with care and consistency over the years.

Be Honest

If there are repairs you haven't completed by the appraisal, be honest with your appraiser. The desire to hide them may be strong – no one is proud to admit they haven't gotten that cracked foundation fixed yet – but it will only hurt you in the long run.

By telling your appraiser of any needed repairs, they can possibly factor the costs of said repairs into the appraisal. Otherwise, they may use a general figure, which could end up hurting your value. If you intend to have the repairs done yourself, the appraiser may need to return to confirm their completion.

Have more questions about getting a high appraisal? Contact a Watson agent today for more info!

Listing your home for sale can be overwhelming, especially if it's your first time. One of the best ways to sell your home quickly and increase your sale price is through proper home staging. Home staging is both an art and a science and often takes a good bit of experience to pull it off just right. Our real estate agents are experts at home staging and are always willing to offer tips to help you through the process.

If you're planning to put your home on the market in the near future, you'll want to make sure to avoid these mistakes.

Personalization
When it comes to getting your home ready for the market, the goal is to create an environment that enables potential buyers to see themselves living in the home. This means keeping things as neutral as possible. Remove pictures, abstract art, bright colors, knick-knacks, or anything that reminds your potential buyer that you're currently living in the space.

Keeping Pets Around 
Who doesn't love pets? Many potential homebuyers don't. Whether it's allergies or just personal preference, pets aren't for everyone, so be sure to keep their presence to a minimum during showings or open houses. Be sure to vacuum up any fur and keep all bowls and toys out of sight. 

Forgetting To Clean
An essential part of the home staging process is deep cleaning. This type of cleaning goes far beyond sweeping the floors and dusting. You'll need to make every corner of your home ready to impress! This includes the ceiling, windows, baseboards, blinds, carpets, and furniture. First impressions are everything, so you want to be sure potential buyers are walking into a spotless home. 

Dark Spaces
The golden rule of home staging: let there be light! Light exposure makes rooms look bigger and brighter. If a particular room doesn't have a lot of windows or doesn't receive much sunlight, buy extra lamps or artificial lighting. You want every room of your house to be bright and welcoming. 

Ignoring The Bedrooms
Many sellers make kitchens, living rooms, and bathrooms a priority during the home-selling process, but it's important not to forget about the bedrooms. The bedroom is where homeowners spend a lot of their time, so it's important to create a clean, relaxing look. Make sure bedding is fresh and clean. Adding some decorative pillows and throw blankets doesn't hurt either. 

Stuffing Your Closets
Cramming everything into your closets might make rooms look less cluttered, but this strategy can actually backfire. Jam-packed closets can actually make your storage space appear smaller. The key to making closet space appear larger is to keep them about half full.

Outdated Appliances
If your kitchen is living in the past, you may want to consider upgrading your appliances. Replacing an old refrigerator or dishwasher will not only help make your kitchen stand out among other Jacksonville homes for sale, but it will also be a major selling point for potential buyers. Because the kitchen is the most important room of the house, you may even be able to recoup your costs at the sale price.

Selling a home can be a challenge, which is why you need an experienced real estate agent in your corner. Contact us today for more tips!

Florida is a magical state full of hidden gems the average visitor – or even resident, for that matter – knows exist. Everyone knows about Walt Disney World and the glistening sands of South Beach, but for every well-known destination in the Sunshine State there exists at least one under-the-radar spot worth visiting. Join us on this tour of some of the amazing hidden gems in Florida that you should absolutely check out.

Ravine Gardens State Park

There's no shortage of beauty on display at Palatka's Ravine Gardens State Park. The park's namesake ravines can be viewed from suspension bridges – a ripe opportunity for photos. And if you're visiting between December and March, you're in for a real treat: it's blooming season for the hundreds of azaleas, washing the gardens with a dazzling colorscape.

Florida Caverns State Park

Florida isn't exactly known for its caves. After all, most of the state is barely above sea level. And yet we have Florida Caverns State Park, a series of large, connected caverns beckoning visitors to explore. Take a guided tour to experience the chilly underground air, sounds of dripping water, jagged stalactites, and wildlife like bats in these otherworldly depths.

Bok Tower Gardens

Nestled among rolling hills of citrus stands Bok Tower Gardens, a true hidden gem in Central Florida. The titular Singing Tower looms over the gardens and houses one of the world's finest carillons, a percussion instrument consisting of 23 bronze bells in fixed suspension. Performances can be heard ringing throughout the garden daily, adding to the overall contemplative atmosphere.

Beyond the Singing Tower, the park is home to one of the state's most impressive landscape gardens. As you meander through the garden, you'll encounter acres of blooming foliage, lush ferns, palms, and oaks, and even natural Floridian wildlife like threatened gopher tortoises and endangered eastern indigo snakes.

Falling Waters State Park

Here's another one to file under "Things You Didn't Know Florida Had" – waterfalls! Sink Hole Trail leads through huge trees to Falling Waters Sink, a 100-foot-deep, 20-foot-wide cylindrical pit. A small stream drops water 70+ feet into the bottom of the sink, creating the picturesque waterfall. The park even has a bit of a spooky factor: no one truly knows where the water goes once it reaches the bottom of the sink.

Blowing Rocks Preserve

This peaceful barrier island sanctuary is home to the largest Anastasia limestone deposit on the Atlantic coast. High tides and storms cause the sea to fling itself against the rocks, forcing plumes of saltwater as high as 50 feet into the air. It's a sight unlike anything else.

Cedar Key

While the previous entries on this list have been parks and preserves, this entry is an entire city! Located just over an hour south of Gainesville, Cedar Key is a small island city in the Gulf of Mexico. The quaint and quiet town offers a refreshing break from city life both in its city-by-the-sea vibes and the amazing Cedar Key Museum State Park. As a vacation spot, it's under the radar but perfect for a quiet getaway.   

Weeki Wachee Springs State Park

Weeki Wachee Springs has something no other hidden gem in Florida does: live mermaids! These dazzling sisters of the sea perform classic shows and other underwater feats for captivated audiences each week (though attendance is limited during the pandemic).

Once you've seen the mermaids, enjoy a serene journey into nature with a kayak ride down the spring. Kids will love splashing in the waters of the onsite Buccaneer Bay waterpark, too!

Ocala National Forest

Ocala National Forest attracts plenty of visitors, but outside of locals, the park's praises aren't sung enough. Anything you want to do, you'll find space for it at Ocala National Forest. Go hiking across miles of trails. Kayak or swim in remarkably cool springs. Camp overnight under the twinkling stars. All your outdoors dreams converge here.

When buying or selling a house, what's your top priority? Probably to make the most money if you're selling or get the best deal if you're buying. As a result of being money-conscious, you might think you're better off pocketing what you would pay in commission fees for a real estate agent. If you go that route, however, you're likely doing yourself a disservice. The value of a real estate agent comes from the often-overwhelming amount of work they take off your plate when buying or selling your home.

Buying a Home

House-shopping is at once very exciting and exhausting. A real estate agent can help alleviate many of the exhausting factors. They'll comb through new listings – across a wide network you wouldn't otherwise have access to – in search of homes that match your wants and needs, weeding out the pretenders and bringing you the contenders.

The value of a real estate agent becomes even more apparent when it comes time to make an offer. They'll help you prepare a formal offer as well as guide you through any negotiation that may come after to ensure you get a good deal. After the offer, a real estate agent will guide you through inspections and oversee any repairs deemed necessary.

Selling a Home

What do you need an agent to sell your home for – you know it best, right?

Well, when selling, objectivity is your best friend. A real estate agent will value your home with an honest eye, one that accounts for market value and other factors to ensure your asking price isn't too high. They'll also help you stage your home so that it makes the best impression to potential buyers.

Your agent will be invaluable when it comes to marketing your home to those buyers. They can get your home exposure on multiple websites and listing services, as well as use tools like social media to get even more eyes on the property.

Again, you'll truly recognize the value of a real estate agent when you start receiving offers. Your agent will review offers and keep you informed through every step of negotiation, ensuring you don't get caught with a stale deal.

Picking the Right Agent

Ultimately, the real value of a real estate agent comes in finding the right one. Working with an agent you gel with and who understands your wants and needs is critical. But once you secure the right agent, you'll truly understand why it's worth it.