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2018 Real Estate Forecast

by Maureen Cool

Whether you plan to be actively engaged in the 2018 real estate market or not, knowing where the market is headed is important for almost everyone.  

With 2017 just wrapping up, exact numbers on the year aren’t available but overall 2017 showed strong numbers with home prices up around 6% over 2016 at the end of September and interest rates remaining low through year end 

As 2018 kicks off, expect to see positive growth continue in the real estate market in most areas. Home prices are still expected to rise in 2018 but at a slower rate than the last couple years. Mortgage rates are expected to rise as the year progresses and could possibly reach 5% by years end. If you do want to buy a home in 2018, the sooner the better to take advantage of the low rates that are still available.

Many people have wanted to buy homes in recent years but the inventory, especially in homes that traditionally appeal to first time homebuyers, hasn’t been available. This year should change that as we get to the end of the year. It may take until fall to see growth in inventory levels but by year end things should tip in that direction offering more homes in all price ranges as inventory shakes down across the board. 

Millennials were a huge portion of the 2017 homebuyers, almost 40% and will continue to play a significant role in 2018. They have established themselves career wise now and with the economy strong, many are well positioned to take on larger mortgages and not have to wait for the homes that typically appeal to first time homebuyers. 

New home construction will play a significant part in the inventory shift in 2018. Based on recent building permit applications, new home starts in the single-family sector of homes will likely see growth top 8% providing lots of new homes to the market in 2018. As new homes are available in all prices, inventory will open up across the board as homeowners move up or down to meet their needs and leave existing homes that will become available in larger numbers.

Most news tends to look positive but home affordability will take a hit if both home prices and mortgages rates rise as anticipated. While this isn’t welcome news, the anticipation of higher available inventory will give people options that weren’t available in 2017 and hopefully minimize the effects of this. 

Because of rising prices in recent years and continued growth expected, new home equity lines of credit are expected to soar as more than 60% of current homeowners are expected to have enough equity in their homes to qualify. 

No matter what your situation in 2018, overall news is positive. Even if you don’t buy or sell this year, having homes around you appreciate at a steady rate will keep the market strong for when you are ready for your next transition. 

Contact me today for a consultation. I will be happy to answer any questions you may, help you determine the value of your home or help you find your dream home.
 

Maureen Cool, CRS
RE/MAX Realty Plus

www.TheCoolTeam.com
Maureen@ACoolRealtor.com

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Maureen Cool is your ultimate real estate resource for Sebring, Avon Park and Lake Placid and surrounding areas. Visit my website for detailed information regarding today’s

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What You Should Know about Homes that are For Sale by Owner

by Maureen Cool

​You drive by a house with a sign that says For Sale By Owner. Or perhaps you’re the person putting out the sign because you’re going to try to sell your house on your own. Before you take the next step, consider what it means to have a house For Sale By Owner. 

Pricing 

Many people like the idea of buying a house that is FSBO because it costs less. They don’t have to factor in the agent’s commission into the price. However, if you are a buyer with an agent, you may have to pay their commission out of pocket instead of from the purchase price of the house unless the seller agrees to pay the commission. Even if they do pay it, the amount is often lower than the going rate. 

In addition, the price of the house is actually often higher because the seller doesn’t have an informed estimate of the value of the property. Owners tend to think their homes are worth more than what the market shows.  

Paperwork 

An agent earns their commission by taking care of all the paperwork in drawing up a contract and moving through the real estate transaction. If you don’t have an agent, you will have to take care of the paperwork, which means the required addendums to protect both parties. If you don’t include these necessary papers, you could end up with a problem house or delays on the purchase. 

Not only does the agent take care of creating the right documents for the contract, they often handle the steps to get to closing. For instance, they may set up the appointment for the inspection and help you understand the results of that inspection. An agent will also assist you in ensuring everything is done before the deadlines so that you don’t lose your earnest money if you decide to cancel the contract along the way. 

Marketing 

Marketing a home can be time-consuming, especially if you hold open houses. An agent will set up tours and open houses while also making sure your home receives attention on social media and through other methods to help it sell faster. They do all of this work while you go to your job and take care of your family. 

For first-time buyers and sellers, it is often helpful to have someone who has “been there, done that” to help them move through the process with fewer headaches and less stress. 

Contact me today for a consultation. I will be happy to answer any questions you may, help you determine the value of your home or help you find your dream home.
 

Maureen Cool, CRS
RE/MAX Realty Plus

www.TheCoolTeam.com
Maureen@ACoolRealtor.com

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Maureen Cool is your ultimate real estate resource for Sebring, Avon Park and Lake Placid and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Image courtesy paulbr75/pixabay.com 

 

Just Listed! 4131 Thompson Ave., Sebring

by Maureen Cool

Newly Remodeled 2 Bed 2 Bath in Harder Hall 

Welcome to 4131 Thompson Ave. in the Harder Hall area of Sebring. This two bedrooms, two bathrooms home has recently been updated and remodeled. Step into the foyer which leads to an open floor plan with cathedral ceilings. The kitchen to the left, living room straight ahead and dining room to the right. The remodeled kitchen has new maple stained cabinetry, new counter tops and slate colored appliance. A large L-shaped island separates the living room and is perfect for causal meals. 

The main living area has newly installed porcelain tiled flooring. Glass sliders open to a weatherized lanai with vinyl windows which will extend your living space. To the right of the living room is the spacious master bedroom with large walk-in closet. The master bathroom has dual vanities and a step-in shower. The guest bedroom and hall/guest bathroom with tub offer a restful retreat for guest.

The double lanai offers two spaces. One is weatherized and the other screened. The lanai opens to a fenced area for your pet. The screened lanai opens to patio with grilling area. In addition, there is a workshop/shed. This home situated on a large corner lot and has a much desired two car garage plus extended driveway for parking your boat.

Contact Maureen Cool of A Cool Realtor for more information or to schedule a showing.  Visit www.ACoolRealtor.com or email Maureen@ACoolRealtor.com

Hidden Health Hazards in Homes

by Maureen Cool

Your home should be a safe place, but sometimes it contains hazards that can contribute to medical problems. If you’re buying a home or even if you already have one, you should be aware of the health hazards that may lurk in your property. 

Mold 

Even if you don’t see it, mold can be present in your home. It often lies in dark, cool places where you may not look. You might find it in the crawl space of your house or an unfinished basement. If your furnace or ductwork is nearby, the moldy air could be transported through your house. The best way to detect the presence of mold is by doing an air quality test, which will tell you if it’s safe to breathe in your home. 

Carbon Monoxide 

Carbon monoxide is a colorless, odorless gas that is toxic to humans and pets. However, you may not be aware of a small leak or furnaces that don’t burn efficiently. You may feel lethargic and lack energy even if you aren’t exposed to enough to do more harm. A carbon monoxide detector can tell you if you’re being exposed and possibly save your life.  

Radon 

Radon is another deadly gas, which is related to lung cancer. It is found in some soils and building products. If there is concern about the presence of radon in an area, a test can be done. There are reduction systems available to reduce the amount of radon to a safe level. 

Lead 

Lead poisoning is another serious concern, especially in older homes. Lead was once used in paint until it was banned from production in the 1970s. However, homes that were built before this time period may have a coat of paint containing lead. Even if it has been painted over by non-lead paint, there is still a danger if the paint starts to chip or peel. Lead poisoning is especially dangerous for children, which can cause damage to the nervous system and affect learning.  

These are a few of the most dangerous toxins that can be found in homes. You can also have problems due to pesticides used around the house, household cleaners used inside and other products. Make sure you are aware of all products being used and test for any major dangers to protect yourself and your family. 

Contact me today for a consultation. I will be happy to answer any questions you may, help you determine the value of your home or help you find your dream home.
 

Maureen Cool, CRS
RE/MAX Realty Plus

www.TheCoolTeam.com
Maureen@ACoolRealtor.com

Let’s Connect!

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Maureen Cool is your ultimate real estate resource for Sebring, Avon Park and Lake Placid and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Photo by Joey Banks on Unsplash

Just Listed - 1819 Jackson Heights Dr., Sebring

by Maureen Cool

3 Bed 2 Bath Home in Popular Jackson Heights

Welcome to 1819 Jackson Heights Dr. This is a great location in popular Jackson Heights with Lake Jackson and the walking/biking path just a block away. This home has a freshly painted interior, but it is otherwise mostly original and well maintained. Step into a spacious living room/ dining room with sliders to the porch. The galley kitchen includes a breakfast area with a sliding pass-through window to the screened porch. Adjoining the breakfast area is the family room with additional sliders to the lanai which extends the living area. This popular floor plan has a great flowing circular floor plan.

The master bedroom has a large bay window overlooking the backyard. The master bath has a step-in shower plus a dressing area and walk-in closet. The secondary bedrooms share a large hall/guest bathroom and access door opening to the lanai. This is a perfect setup if you decide to add a pool at a later date. The home also includes an attached exterior workshop/shed. You will never be without electric as a whole house propane powered generator is included with the sale. 

Contact Maureen Cool of A Cool Realtor for more information or to schedule a showing.  Visit www.ACoolRealtor.com or email Maureen@ACoolRealtor.com

Just Listed- 1562 Walnut Ave., Lake Placid

by Maureen Cool

Beautifully Maintained Home in Sylvan Shores Community

Welcome to 1562 Walnut Ave., in Lake Placid. This 3 bed 2 bath home is beautifully maintained in Sylvan Shores and loaded with curb appeal. Enter into a large great room with dining area and breakfast counter separating kitchen. French doors lead from the great room to the screened porch.

The kitchen features Corian countertops, solid oak cabinetry with several glass display doors, convection oven and large walk-in pantry. The 3 bedroom home also has a den/office. The master suite is spacious with double tray ceilings. The master bathroom features dual sink vanity, step in shower and Jacuzzi tub. The tiled flooring was just installed. In this split floor plan , the secondary bedrooms are spacious and share a generous sized hall/guest bathroom.

The laundry room has cabinets for storage. No carpet in this home as the flooring is laminate wood throughout and tile in the bathrooms. Fenced backyard. Move-in ready and located not far from the Lake Clay boat ramp and downtown Lake Placid.

ContacMaureen Cool of A Cool Realtor for more information or to schedule a showing.  Visit www.ACoolRealtor.com or email Maureen@ACoolRealtor.com

Just Listed - Pitching Wedge Way, Sebring

by Maureen Cool

Move-In Ready Home Located in Golf Hammock Community

Welcome to 4607 Pitching Wedge Way. This beautiful pool home in Golf Hammock is move in ready. The home is open and bright with many new upgrades and updates. Enter through the double front doors into the foyer. The living room is straight ahead with pocketed glass slider overlooking the pool. To the left is the dining room and to the right is the master bedroom. The dining room and living room feature laminate wood flooring. The family room has new carpeting.

This room flows nicely to the breakfast area. The dining room also has access to the kitchen. The kitchen has white cabinetry with stylish grayish granite counter tops. The appliances are two years old. Large peninsular separates the kitchen from the family room. A breakfast nook with plantation shutters overlooks the pool area. Both the breakfast nook and family room have glass sliders opening to the lanai and pool area which is perfect when entertaining.

The split floor plan has a large master suite with sliders opening to the lanai. Features include a generous size master bathroom with two vanities, a toilet compartment (with new higher toilet), step-in shower and soak tub. The shower has an updated frame on the shower door and a new shower floor. The wall mounted flat screen TV in the bedroom is also included. The secondary bedroom shares a hall/guest bathroom. One bedroom has new custom shelves and both have new window shades. The covered lanai has plenty of room for outside entertaining pool side.

The pool is caged for year around use. The cage frame was recently painted and has two new screen doors. The pool deck was recoated this year and has a new pool blanket and heat pump. The exterior includes a new 8x16 SmithBilt shed/workshop. The yard is irrigated and has a new Hunter controller. Other items replaced in the home are the hot water heater and garage door opener. The walkways, driveway and front porch have been recoated. This home is very well maintained and move in ready. The owner did not have intentions of moving but purchased another home in the neighborhood when it came on the market. All recent upgrades are their loss and your gain!

ContacMaureen Cool of A Cool Realtor for more information or to schedule a showing.  Visit www.ACoolRealtor.com or email Maureen@ACoolRealtor.com

Just Listed - 2881 Lakeview Drive, Sebring - $695,000

by Maureen Cool

Waterfront Home on Lake Johnson

Welcome to 2881 Lakeview Drive.  This luxury four bedroom, three-bathroom home is located on beautiful Lake Jackson on premier lake location. The home is situated on approximately one acre.  A long circular driveway leads to the front entry and three car garage. 

Recent renovations in 2014 include an oversized three car garage, covered walkway from the garage to the home, a new front exterior entryway and porch flooring.  Step through the double beveled front door into foyer area and living room.  Immediately notice the lushly landscaped backyard and lake view through the glass sliders opening from the living room to the lanai.  The dining is to the right of the front doors. 

Walk through the pocket doorway into the heart of the home.  Soaring ceiling with several high windows offer lots of natural light in into the great room/family room.  This space is made up of a kitchen and casual dining space and a family room.  The kitchen has white cabinetry and food prep island.  The kitchen was renovated in 2016 with newly installed quartz counter tops, white subway tile backsplash, a farmhouse double bowl sink.  The and GE stainless steel Café appliances are also new. Matching quartz counter and backsplash were also added in the laundry room.  During this renovation, amaretto colored stained hardwood flooring and crown molding was installed throughout the home along with an entire freshly painted interior. 

In the family room, high picture windows were replaced.  The family room has a custom coral slab faced fireplace flanked by a wall of white cabinet built-ins for display and storage.  Double glass sliders offer easy access to the lanai from the family room along with a pass-through window from the kitchen when entertaining. The home is tri-level. 

From the family room step up to the master bedroom or step down to the secondary bedroom.  The private master suite is a beautiful and screen retreat with stunning lake views. A wall of glass sliders and plantation sliding shutters opening to your private balcony.  The spacious master bathroom has new glass shower enclosure, quartz counters & dual sink vanity. There is plenty of space in the large walk-in closet.  Step down from the family room to the spacious secondary bedrooms. The bathroom set up on this level is ideal.  There are two toilet vanity areas that share a tub/shower room.  One vanity area has access from the hall.  One bedroom has a private entrance to the other vanity area.  The second bedroom is extra-large and has flexible uses.  Originally this was two bedrooms converted to one.  It can be easily change back to two bedrooms making this a five-bedroom home.  The third bedroom offers lake views and sliding door with plantation shutter sliding doors to an outdoor covered porch.   To the left of the family room is the fourth bedroom/guest suite with private bath full bath. This large space can be used as an optional master suite on the main living level or home office. 

The covered lanai overlooks the backyard with a lakeside deck and dock with jet ski parking also constructed in 2014.  There is locked under deck storage for your paddle boards or kayaks and steps from the deck allow entrance into the lake for a swim.  Lake Jackson is a 3,200 acre, clean, clear sand bottom lake offering bass and speck fishing.  If you cycle, walk or run, Lake Jackson has a continuous 10-mile sidewalk around the lake.  This beautiful home is a must see for the discerning buyer.

Contact Maureen Cool of A Cool Realtor for more information or to schedule a showing.  Visit www.ACoolRealtor.com or email Maureen@ACoolRealtor.com

Just Listed - 33425 Grand Prix Drive, Sebring-$125,000

by Maureen Cool

Sebring Country Estates Ranch on 1 1/2 Lots 


Welcome to 33425 Grand Prix Drive in Sebring Country Estates.  This two bedroom two bathroom home is in a convenient location and is situated on 1 ½ lots.  The home has a circular driveway. 

Enter into a spacious living room that flows to dining area and kitchen.  Beyond the kitchen is a family room with pocket sliding doors.  Just add a closet and convert this space to a third bedroom if needed.  The home has a master bedroom, bathroom with step-in shower and large walk-in closet.   The home has all new flooring of carpet and vinyl faux wood flooring throughout.  The interior is freshly painted. All rooms have ceiling fans. There is a spacious laundry room that opens to the kitchen and two car garage. 

The backyard is fenced with a white privacy fence and chain link.  For additional storage the home comes with a workshop and a storage shed.  A new roof with and white aluminum soffits were just installed by Bowen Roofing.  

Contact Maureen Cool of A Cool Realtor for more information or to schedule a showing.  Visit www.ACoolRealtor.com or email Maureen@ACoolRealtor.com

Just Listed - 1731 Circle Drive, Lake Placid-$275,000

by Maureen Cool

Well Maintained Custom Home on Little Lake 


Welcome to 1731 Circle Drive on Little Lake in Lake Placid, Florida.  You will love the private scenic and serene setting offering aquatic wildlife sightings.  The home has great curb appeal the minute you drive up to this well-maintained home.  

The beveled grass front door and sidelights set the stage to the custom home as you enter.  The home opens to a large great room with lake views through the double French doors.  Upgrades in the great room included porcelain tiled flooring, plant shelves, and walls with rounded corners. 

The versatile floor plan opens to the dining room and kitchen which is separated with a large peninsular island.  The kitchen has all the features any chef will love – beautiful dark solid wood cabinetry, upgraded stainless steel appliances, large pantry, quartz countertops and prep island.  There is a large peninsular island perfect for causal meals or additional seating when entertaining.  The dining room is conveniently located next to the kitchen and has French doors opening to the lanai extending the living space.  

The split floor plan offers a spacious master suite with tray ceiling and overlooks the lake.  There are two closets and a private master bathroom with a step-in shower with glass enclosure.  The secondary bedrooms are a generous size with the guest bedroom overlooking the lake.  The third bedroom overlooks a lush landscaped front yard.  The hall/guest bathroom features and oversized soak tub.  The laundry room opens to the two-car garage for convenience, has cabinets over the washer/dryer for storage.  In addition, the home has a central vacuum system. 

The exterior has a fenced backyard, patio for grilling out or sunning and an outside utility room for storing garden tools or lake toys.  The beautifully landscaped yard has curbed flowerbeds for easy maintenance.

Contact Maureen Cool of A Cool Realtor for more information or to schedule a showing.  Visit www.ACoolRealtor.com or email Maureen@ACoolRealtor.com

 

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Photo of Maureen Cool, CRS, CIPS, RSPS Real Estate
Maureen Cool, CRS, CIPS, RSPS
RE/MAX Realty Plus
809 US 27 South
Sebring FL 33870
863-873-7243
Toll Free: 1 888 243-COOL (2665)
Fax: 863-385-5897

Maureen Cool * RE/MAX Realty Plus
809 US 27 South, Sebring, Florida 33870
Toll Free:  1-888-243-COOL (2665)
Office: 863-385-0077 X215
Direct: 863-873-7243
Fax: 863-385-5897

 
           


 

Maureen Cool of RE/MAX Realty Plus offers real estate services to buyers, sellers, relocation's in the Highlands County real estate area.

Including Polk County, Hardee County, Okeechobee County, Desota County and Glades County.


Whether you are looking for luxury, investment, second home, commercial, bank owned, foreclosures properties Maureen Cool and The Cool Team are your real estate professionals for the entire Central Florida area.
 

Maureen Cool is your Luxury Home Expert in Highlands County. 
She can assist you with your Sebring, Avon Park and Lake Placid real estate needs. 

 

 

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