Davidson Realty, Inc.

Best Strategies to Win a Bidding War

June 2, 2022

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Posted by in News, Northeast Florida Market Trends

When buying a home in today’s real estate market, be prepared to pull out every weapon in your arsenal. Most agents are dusting off strategies and techniques they haven’t used since the early 2000s to compete in this competitive seller’s market. “Homes are selling fast and for thousands over list price. Homebuyers need to be ready to move quickly and aggressively when they find a home they love,” shares Davidson Realty President, Sherry Davidson. 

 

Putting together an offer to sellers? Make it strong! With only a month’s worth of inventory up for sale, more and more buyers are making all-cash offers. Cash sales are attractive because the seller has seemingly no risk of financing problems and they save time with the elimination of the underwriting process. 

 

Opt for a shorter inspection period or no inspection. Make an estimate of how much necessary improvements will cost and consider them in your offer. For newer homes, waiving the inspection could be a valid tactic, but the buyer must truly understand and be comfortable with it as it could be extremely risky. 

 

Allowing the seller to rent back the home for a short time is another way to appeal to the seller’s needs. If the seller needs time to find or move into their next home, the buyer can allow the seller to stay for a set period of time and pay rent, usually the mortgage payment, or stay rent-free as the buyer would begin paying the mortgage. Being flexible could be what helps you win a bidding war!

 

Waive the appraisal contingency. The appraisal contingency allows a buyer to get out of a pending sale if the appraised market value of the home is less than the agreed upon contract price. If the contingency is waived, the buyer agrees to pay the difference between what the bank is willing to lend on the appraised value and the contract price. Waiving the appraisal contingency is clearly an attractive strategy, however, the buyer needs to be aware of the risk. 

 

A tool many agents are recommending to buyers to win bidding wars is an escalation or escalator clause which states the buyer will pay a certain amount above the highest bid. This clause makes the offer more attractive because it guarantees it will beat the highest bid. Usually, a limit is set on the clause to avoid the buyer overspending.

 

Footing the bill for closing costs and paying the commission for both sides of the transaction is another way to sweeten the deal for the seller. Additionally, writing a “love” letter could appeal to the emotions of the seller. Trusting your agent to help you select the strategies that work best for your situation is key. 

 

In this real estate market, be ready and act fast! For expert advice on strategies to catch the seller’s attention and put your offer at the top of the list, contact Davidson Realty today at (904) 940-5000. 

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Congratulations to all our Top Producers in April!

May 11, 2022

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Posted by in Top Agents

Congratulations to our Top Producers in April! Our Company had over $18 million in closings for the month, so it wasn’t easy to be the tops.

 

The Top Producer (closings) and Top Buyer Sales is Mirtha Barzaga. Mirtha had over $4 million in closings helping 10 families in the month. She closed 3 homes for sellers, 3 new construction homes for buyers and 4 resale homes for buyers. Whatever your real estate needs, Mirtha has the knowledge and the skills to assist.

 

 

 

The Top Listing agent and Top overall Sales is Suzy Evans. Suzy had $2 million in sales for the month. Her knowledge of the local housing market and inventory, along with an extensive network of contacts, and her caring positive attitude are just a few reasons to choose Suzy for your real estate needs.

 

 

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Congratulations to all our Top Producers for March & the First Quarter!

April 11, 2022

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Posted by in Top Agents

The Northeast Florida real estate market is heating up and the spring market continues to favor sellers. We are seeing multiple offers on most listings.

 

I want to congratulate our team of hard-working agents and especially our top agents for the month of March and the first quarter.

 

Our Top Producer, Top Sales Agent and Top Listing Agent for the month and the quarter is Mirtha Barzaga. Mirtha had over $4.3 million in closings and $5.5 million in sales for the quarter. Mirtha lives and sells in the World Golf Village area; however, she helps customers all over north Florida. Beyond her achievements, Mirtha remains grounded and focused on the needs of each and every customer.

 

 

 

The Top Producing and Tops Sales Team for the month and quarter is the Nemethy Group. Tim and Shelley had $1.9 million in closings and over $6.1 million in sales for the quarter. Tim and Shelley’s previous work backgrounds lends to the success of their real estate careers. Shelley worked as a teacher for many years while Tim had a successful career in Sales and Business Development. The combination of their work experience and education together makes them a dynamic duo in the real estate industry.

 

 

Our Jacksonville Beach team was also working hard. Caitlyn Hawkins was our Top Producer with the most closings for the month and the quarter. Caitlyn had over $1.7 million in closings for the quarter. Caitlyn and her family love the beach lifestyle. Caitlyn is also an avid Blogger who’s topics range from Design, Home Improvement, Real Estate Tips, and candid stories from the field while “Selling Homes and Momming Around the 904” on her website, http://closingsandcarseats.com/ .

 

 

 

The Jacksonville Beach team Top Sales Agent for the month and quarter is Jennifer Todd. Jennifer had over $2.1 million in sales for the quarter. As a broker associate with Davidson Realty, Jennifer’s real estate knowledge and experience is matched only by her commitment to providing unparalleled customer service.

 

 

 

I am very proud of our team and appreciative of the trust our customers have in our agents. If you need help with anything related to real estate, please give one of our agents a call.

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Working For Northeast Florida – Ring Power Supports Davidson Cares Clay Day

April 7, 2022

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Posted by in Community Involvement, Events, News

Davidson Cares was proud to have Ring Power as a sponsor for Clay Day in 2021. With their commitment to giving back, Ring Power’s heart for service is the perfect addition to the Davidson Cares family. 

 

Ring Power recently celebrated its 60th anniversary as a full-line Cat dealer. To celebrate, Ring Power Corporation has pledged to support more than sixty charitable organizations located in the communities in which it operates. Giving back to the communities they work in has been a cornerstone of Ring Power’s company culture. Throughout the years, Ring Power employees have graciously volunteered time and donated to countless charitable events, civic groups, and educational institutions. 

 

“We are so grateful to have the support of Ring Power as Davidson Cares continues to enrich the lives of young people and families in Northeast Florida. Their dedication to service is inspiring and we are fortunate to call them partners in the community,” shares Davidson Realty President, Sherry Davidson. 

 

Ring Power Corporation, North and Central Florida’s Cat ® dealer, is headquartered in St. Augustine, Florida, and is comprised of eight divisions. Ring Power services and supports Cat ® products and allied equipment. 

 

Davidson Cares Clay Day is proud to have the support and sponsorship from Ring Power as they continue to do incredible work in Northeast Florida. To learn more about Ring Power visit their website at www.ringpower.com or call (904) 737-7730.

 

Davidson Cares Clay Day

 

The 6th Annual Davidson Cares Clay Day was held on October 21, 2021, at Jacksonville Clay Target Sports. Davidson Cares Clay Day included two-sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels participated.  

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors and a pod for Concerts for a Cause. 

 

Money raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Please help us support these organizations that are so important to our community by visiting DavidsonCares.com.

 

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Giving From the Heart – The Hutson Companies Supports Davidson Cares Clay Day

March 15, 2022

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Posted by in Community Involvement, Events, News

The Hutson Companies has been a major sponsor for Davidson Cares Clay Day from the beginning. In 2018, The Hutson Companies committed to match up to $40,000 as an additional contribution to St. Augustine Youth Services (SAYS), one of the local organizations that benefits from Davidson Cares Clay Day. More than $52,000 was raised that year and the incredible efforts by SAYS to assist at-risk youth were further supported thanks to The Hutson Companies.

 

The Hutson Companies is proud to partner with Davidson Cares to help provide much-needed dollars to our local non-profits. “It is always a pleasure to see such wonderful people that want to give back to our community at the Davidson Cares shoot,” shares Cody Hutson, Vice President of The Hutson Companies. This year, The Hutson Companies team won 2nd place on the North Course. The excitement of Clay Day and the incredible organizations that benefit from the event, make this event one to remember. 

 

The partnership between Davidson Realty and The Hutson Companies is longstanding. Through many projects, the trust and respect between the two organizations have formed a true friendship. “David Hutson is a true visionary in the real estate industry. His work is truly exceptional,” shares Davidson Realty President, Sherry Davidson. “The love that The Hutson Companies show for the community goes far beyond real estate. David and Nancy Hutson continue to generously support various local charities. Their contributions to the Northeast Florida community are truly amazing.”

 

The Hutson Companies is known for developing family-friendly communities while being both environmentally and financially conscious. Since 1973, The Hutson Companies has developed dozens of residential communities in Northeast Florida to total more than 20,000 home sites. The Hutson Companies is presently developing projects in Clay, Duval, and St. Johns Counties. 

 

Davidson Cares Clay Day is proud to have the support and sponsorship from The Hutson Companies as they continue to do incredible work in Northeast Florida. To learn more about The Hutson Companies visit their website at www.hutsoncompanies.com or call (904) 429-9965.

 

Davidson Cares Clay Day

 

The 6th Annual Davidson Cares Clay Day was held on October 21, 2021, at Jacksonville Clay Target Sports. Davidson Cares Clay Day included two-sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels participated.  

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors and a pod for Concerts for a Cause. 

 

Money raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Please help us support these organizations that are so important to our community by visiting DavidsonCares.com.

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