Q&A with Sherry: Buying strategies for a seller’s market

April 27, 2018

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Like much of the country, Northeast Florida’s home inventory has remained low and prices continue to inch upward. So, what does that mean for our real estate market? It means we are in the midst of a seller’s market, one that tends to be more competitive for buyers on the hunt for a new home.

However, there are a number of ways buyers can position themselves for a successful home search. I recently caught up with Davidson Realty President Sherry Davidson who provided some insights on our current market and how buyers can best prepare for buying in a seller’s market.

Northeast Florida inventory is down almost 12% and months’ supply is down 15+%. What do you see driving this trend?  We are seeing strong buyer demand. There are nearly 1,000 people a day moving to Florida. The economy is good and people are more confident. Also, millennials are the largest percentage of purchasers now as they begin to buy homes and start their families.

How do you think this trend will play out as we enter summer months? New construction is increasing but buyer demand is strongest in the spring and summer. I think we will continue seeing multiple offers and increasing prices.

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Top Three Reads to Achieve Your Full Potential

August 15, 2012

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adult20summer_readingReading is one of my favorite pastimes and although I could recommend a whole list of books that have influenced me for the better, I wanted to share my three favorites. If you read and practice what they preach, the authors are sure to impact your life in a positive way.

1. I think the best book if you only read one is Stephen Covey’s “The 7 Habits of Highly Effective People. The principles are simple and timeless. You will spend time determining what is really important in life and how to spend your time on what you decide is a priority. You will improve your relationships and learn to sharpen your saw.  Don’t put it off, improve your life today. Read more

Ask Sherry: Real Estate Questions Answered!

March 25, 2011

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This month on the Davidson Realty Facebook Page we asked if anyone had any real estate related questions for Davidson Realty President Sherry Davidson. Sherry has over 20 years of experience in the real estate industry and is more than happy to answer your questions!

“I was laid off about six months ago and am looking for a new career. I saw you were having a Career Opportunity event in April, but I am out of town that week. Would you mind sharing what traits make a great Realtor and how much it would cost to get started? Funds are pretty tight right now…”

We are actually having three Career Opportunity events in April. There is a happy hour on April 7th at 6:30 PM, a lunch on April 15th at noon and a breakfast on April 22nd at 9:00 AM. I would love to see you at one of our events. The traits that make a great Realtor are:
1. Loves people. Is warm and friendly.
2. Has an entrepreneur spirit. Is a previous business owner or has a desire to have one.
3. Is willing to do whatever it takes to start their own business.
4. Is a problem solver. Is resourceful.
5. Is professional.
6. Is goal-oriented.
7. Is full-time and serious about making their job a #1 priority.
8. Is willing to go the extra mile and put the hours in!
9. Is computer literate.
10. Is trustworthy.
11. Is customer service-oriented.
12. Is resilient and has the ability to recover quickly from adverse situations.
13. Is a team player.

The cost to get started in a real estate career will vary depending on the firm you select. The first expense will be to get your real estate license. You can take the pre-licensing course online or attend class. The cost varies from $150 to $400.  You will also have to pay for fingerprinting, application and testing fees to take the State of Florida exam, which is approximately $100. After you are licensed, the largest expense will be joining the local real estate association. To join the Northeast Florida Association of Realtors and the MLS will be approximately $1,500. The fees are pro-rated depending on what month you join. With Davidson Realty, that is your only expense initially. You must be prepared to wait a few months to receive your first commission check. As you can see, the cost to get started in a real estate career is approximately $2,000.

Davidson Realty