Following a year of pent up real estate demand, the U.S. is witnessing a strong seller’s market, a direct result of low inventory and record low mortgage interest rates. According to The National Association of Realtors, existing home sales have risen by almost 20% across the nation. In South Florida, this rise is coupled with a 50% decrease in available inventory.
As a result, Kathy McCrossin, sales director at Devonshire at PGA National, an Erickson Senior Living community at PGA National, meets daily with retirees eager to sell their houses and move to the sought-after Erickson Senior Living community at PGA National.
“After a year of uncertainty, everything is coming together in a way that makes this spring and summer the optimal, and financially sound time to move to Devonshire,” she says.
In an effort to help prospective residents maximize their current house investment with the peace of mind that comes with moving to an Erickson Senior Living community, Devonshire personal moving consultant Donna Schneider, and her team of highly respected, vetted preferred vendors, work directly with new residents to sell their home, downsize, pack, and move.
Two of those team members, realtors Scott and Julie Warner, with Lang Realty, are working overtime to meet the demand.
“Currently the real estate market is super-hot, reminiscent of the 2005-2006 market,” says Scott. “We are averaging 30 days or less on the market before a property goes under contract. In many cases DOM (days on market) are in the single digits.”
“In addition, year over year median price from jumped $100,000 in Palm Beach County,” says Julie. “Many of our properties are receiving multiple offers including some over the asking price.”
Proven track record
As preferred realtors, specializing in senior real estate, both Scott and Julie are very familiar working with Devonshire’s newest residents.
“We helped our own parents and understand, and appreciate, the magnitude of this decision for both seniors and their adult children,” says Julie. “As a result, we work tirelessly to provide honesty, patience, and empathy to seniors and their families.”
Taking advantage of the current, historic, seller’s market, the Warners help their clients enhance the value of their homes with minimum expenditure.
“We walk through the property together and help devise a pricing strategy,” says Scott. “Our marketing plan provides maximum exposure resulting in more contracts. Selling a home consists of a lot of moving parts. Our job is to handle those parts so that contracts close on time ensuring a timely move.”
According to McCrossin, Devonshire’s newest community members are grateful for the expert help they received during their move.
“It’s just one of the many ways we work tirelessly to meet both the current, and future needs, of our community members,” she says. “Taking the stress out of moving means more time spent preparing for an exciting new life at Devonshire.”
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