The Anna Maria Island Sun Newspaper

Vol. 15 No. 48 - September 30, 2015

REAL ESTATE

No more secrets in real estate

 

So you’re just starting to think it may be time to sell your house. What do you do first? In the not too distant past, you would probably call a real estate agent and ask him/her to come over and give you an idea of what your property is worth. However, today you will more than likely pickup your smart phone, laptop or pad to get an idea of what’s selling in the area, either through Facebook or one of the many real estate search engines available.

You may think, OK I just got a lot of information really fast and move on to the novel you’re reading on your e-book reader. But what you may have actually done by searching on the Internet is providing information to companies who buy data subscriptions targeting prospective clients.

No surprisingly algorithms have been created to identify sellers based on age, children’s age, net worth, value of home, social circles and possibly even more personal details. This information is then marketed to the real estate community in order for it to solicit you via direct mail, telephone or Internet contact.

It’s pretty common to have pop-ups connected to something you were recently searching for on the internet, cars, hotels, even clothing. Well it’s sort of the same thing; the marketing company generates the algorithms based on your searches and then sends you online ads from their real estate clients that fit what you were looking for. Brilliant and effective target marketing without anyone leaving their desks.

Even the aged old technique of scanning obituaries for real estate leads has come into the 21st century. There a number of new firms that track major life events like marriage, divorce and, of course, death that are prime reasons people sell their homes. These companies do all the time consuming work of checking title company records, probate records and obituaries compiling a list of homeowners or their heirs, most of which have paid up properties and have to sell. For a monthly fee, an aggressive agent can get this information and contact the individual or the family hopefully in a tasteful way.

Another major source of leads for real estate professionals are homes that are being marketed by their owners as for sale by owner or FSBO. Homeowners decide to market their properties themselves primarily to avoid the real estate commission, which is typically 6 percent. Many professional homeowners feel that they are more than adequately capable to sell their biggest asset themselves, especially with the help of FSBO Websites.

In spite of the availability of Internet Websites to help, the for sale by owner market is still a small piece of real estate sales. In 2014 according to the National Association of Realtors, only 9 percent of sales took place without an agent, a percentage that is down from 14 percent 10 years ago.

In addition FSBO properties sell lower maybe because sellers have more flexibility in price since they don’t pay commission or maybe because they just want to get a very difficult process over with. Whatever the reason, sellers don’t have access to the pool of buyers that are just right for the property that real estate professionals do. Since agents don’t want to waste their valuable time, it’s unlikely they will be bringing buyers to your home if they’re are not qualified to buy and are not looking for your type of property.

If you’re trying to keep a secret, don’t go on the Internet, where a smart technical egghead will match you up to the little black dress you’ve been looking for or the beachfront home. Well, maybe that’s not too bad. After all, who needs secrets?

Real Estate Transactions
July 2015

Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

07/31/15 540,000 500,000 515 South Dr. # A 2265 66x100 DUP
07/29/15 495,000 485,000 519 Villa Rosa Way 75x113 SFR
07/10/15 455,000 446,000 239 Lakeview Dr. 1152 2BR/2 BA Bank Owned SFR
07/06/15 550,000 515,000 242 Gladiolus St 832 2BR/1 BA None SFR
07/31/15 629,000 588,000 150 Crescent Dr. 1765 3 BR/2 BA None SFR
07/15/15 649,000 649,000 265 Gladiolus St 1601 2 BR/3 BA None SFR
07/28/15 2,499,000 2,200,000 830 S Bay Blvd A 3570 4 BR/4.5 BA None SFR

Bradenton Beach

07/02/15 369,900 340,000 2314 Ave.B # A 50 X 100 None Mix
07/02/15 369,900 340,000 2314 Ave.B # A & B 864 50x100 None DUP
07/17/15 775,000 700,000 2401 Ave.B 2820 50 X 100 None DUP
07/14/15 150,000 150,000 2315 Ave.C # 3 488 1 BR/1 BA None Condo
07/31/15 199,900 226,150 1325 Gulf N Dr. # 125 675 2 BR/1 BA Bank Owned Condo
07/23/15 319,000 305,000 1801 Gulf N Dr. # 270 1080 2 BR/2 BA None Condo
07/31/15 472,000 440,000 248 17th St # 248 1268 2 BR/2 BA None Condo
07/02/15 369,900 340,000 2314 Ave.B # A 864 2 BR/2 BA None SFR
07/21/15 389,900 350,000 1108 Bay N Dr. 1544 2 BR/2 BA None SFR
Sold Date List Price Sold Price Property Address SFUA Lot Size BR/BA Property Type
07/27/15 499,000 445,000 2110 Ave.A 1490 3 BR/2 BA None SFR
07/16/15 749,000 744,000 2302 Ave.B 2145 3 BR/2.5 BA None SFR
07/28/15 869,000 845,000 102 7th S St 1948 5 BR/4 BA None TH

Holmes Beach

07/30/15 449,000 425,000 221 85th St 1470 2 BR/2 BA None SFR
07/21/15 515,000 490,000 6250 Holmes Blvd # 72 1536 3 BR/2.5 BA None TH
07/27/15 472,500 502,000 210 76th St 981 2 BR/1 BA Bank Owned Villa
07/24/15 549,000 525,000 203 82nd St 1132 2 BR/2 BA None SFR
07/21/15 599,900 589,000 626 Foxworth Ln 2532 3 BR/2 BA None SFR
07/31/15 644,000 610,000 303 74th St # B 1340 4 BR/2.5 BA None SFR
07/15/15 669,000 640,000 518 77th St 2096 90x108 3 BR/3 BA None SFR
07/10/15 689,000 669,000 409 73rd St 1482 3 BR/2 BA None SFR
07/13/15 719,000 690,000 312 61st St # A 2212 3 BR/2.5 BA None SFR
07/31/15 689,000 690,000 3705 Gulf Dr. # A 1216 3 BR/2 BA None SFR
07/28/15 1,050,000 1,050,000 213 84th St 2193 4 BR/3 BA None SFR

Cortez

07/17/15 479,000 455,000 3905 Mariners Walk # 814 1840 3 BR/2 BA None Condo
07/09/15 595,000 580,000 3948 Mariners Way # 221 2393 3 BR/2.5 BA None Condo

 

 

Source: Mid Florida Multiple Listing Service


AMISUN ~ The Island's Award-Winning Newspaper