Author: Sherry Davidson
President of Davidson Realty

Since launching Davidson Realty in 1989, Sherry Davidson has built the firm to include nearly 60 agents and exceed $100 million in annual sales. She is known throughout the First Coast as an authority on all things residential real estate, having served on the Board of Directors for Northeast Florida Association of Realtors, Florida Realtors® (a division of the National Association of Realtors), and Builders Care (charitable arm of Northeast Florida Builders Association).

Thanks to Sherry’s leadership, Davidson Realty has been recognized as one of the state’s Best Companies to Work For (Florida Trend Magazine), as well as one of the region's Best Places to Work and 50 Fastest Growing Companies (Jacksonville Business Journal). Get to know Davidson Realty’s talented team of agents by clicking here or call us at (904) 940-5000.

New Homeowner Fees

July 26, 2024

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Posted by in News

Buying a new home is a huge decision – how often do you make a purchase with that many zeros?! And while our experienced real estate professionals will guide you smoothly through the home-buying process, potential buyers should go into the house hunt considering all the expenses they can be expected to cover beyond the home’s purchase price. Please note that all costs are estimations.

 

Closing Costs

Closing costs are very detailed and determined on an individual basis, so there’s no one-price-fits-all. Some of the fees that may be included in closing costs are the appraisal cost, title search fee, title insurance premium, closing fee and loan underwriting and origination fees. The buyer, the seller or a combination of the two may pay closing costs. The total can range from thousands to hundreds of thousands of dollars. Buyers can expect to pay an average of 2 to 5 percent of the purchase price in closing costs, with the higher range being for financed purchases. That means if you’re purchasing a home for $250,000, you can expect to pay between $5,000 and $12,500. It’s crucial to have the amount and responsibility clearly delineated in the purchase agreement – lenders must give you a document called a Closing Disclosure at least three business days before your closing date. There are a number of closing cost calculators available online, but take them with a grain of salt and consult a professional.

 

Appraisal Fee

These professional services will appraise the home and estimate its true market value. This service usually costs between $200 and $500.

 

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Celebrating Our Top Real Estate Agents for Q2

July 23, 2024

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We are thrilled to highlight the exceptional achievements of our top real estate agents for the second quarter. Their dedication, hard work, and commitment to our community set them apart. Here are the standout performers for Q2:

 

Mirtha Barzaga: Top Producer, Top Lister, and Top Overall Sales Agent

 

With over $5.1 million in closings and over $3.7 million in pending sales, Mirtha Barzaga is our top producer, top lister, and top overall sales agent for Q2. Beyond her impressive sales numbers, Mirtha is a passionate advocate for her community. She is currently organizing a back-to-school backpack drive to help 100 needy children in our local schools receive the supplies they need to start the school year off right.

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Great Outdoors Summer Staycation

July 16, 2024

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Posted by in News

Adventure is just a stone’s throw away when you live where everyone vacations! And if your family enjoys exploring the great outdoors, there’s no need to pay exorbitant airline fees or stay cramped in the car for hours – Florida’s Historic Coast is packed full of natural gems.

 

The Florida State Parks system is one of the best parks systems in the nation. Florida ranks number five in states with the most parks, clocking an impressive 191. Keep in mind that California is ranked #1 with only 79 more parks and almost 100,000 more acres of land than Florida. If your family enjoys visiting state parks, we recommend getting ahold of the Florida State Park Passport. You can collect a stamp at each park you visit, making a great memory keepsake.

 

Anastasia State Park

Secreted away behind the St. Augustine Amphitheatre on Anastasia Island, Anastasia State Park is a camping hot spot and local favorite for beach, biking, hiking and paddling. It boasts more than 1,600 acres of unspoiled beaches, tidal marshes, maritime hammocks and ancient sand dunes, making it a haven for wildlife. Its pristine nature trails, protected paddling area on Salt Run and options for food, beach and watercraft rentals make it a fun day for any outing.

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Northeast Florida Market Stats | May 2024

June 25, 2024

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“Failure will never overtake me if my determination to succeed is strong enough.” Og Mandino

 

Og inspires me every day. He shares so much wisdom.

 

The Northeast Florida Association of Realtors (NEFAR) May market stats show a slight increase in median sales price and a slight increase in closed sales. The median sales price of $375,000 for all property types is 3.2% higher than last month and 5.6% higher than last year. You may have seen articles that the median sales price went over $400,000, which it did for single family homes.

 

There were 2,604 closed sales in May, which is 3.1% higher than last month, but 8.2% lower than last year. We were seeing good sales activity in early April before mortgage interest rates went back above 7%. The properties that went under contract in late March and early April closed in May.

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The Benefits of a Pre-Inspection

June 24, 2024

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Posted by in News

Sellers may read pre-inspection and think, “Oh goodness, what’s that, another step in the selling process?” A pre-listing inspection is a home inspection that the seller has done before listing their home. Why would sellers want to do this? It can actually provide the seller and the realtor with valuable information that they can use to streamline and improve the selling process. We spoke with Lawrence Petraglia of South Country Home Inspections to learn a little bit more.

 

What are the benefits of doing an inspection before you list your home? Is it worth the money?

 

The benefit of a pre-inspection really comes down to creating a smooth real estate transaction. It’s arming the homeowner with knowledge. Some of the things our certified inspectors look at are the condition of the roof, garage, exterior covering, windows and doors, air conditioning and the overall structure of the home. If we do identify any defects, the seller has time to resolve them. If they’re discovered during the buyer’s inspection, you’re probably about two to three weeks away from the closing date. Now you’re scrambling to find a contractor, and finding the right professionals is not something you want to rush. If we discover a leaky roof, you’re most likely going to have a tough time finding a reputable roofing company that can come complete the job in that timeframe. A pre-inspection allows the seller time to address any issues.

 

Are there any differences between a pre-inspection and the inspection done by a potential buyer?

 

Absolutely none. We’re looking for the same defects and doing everything the exact same way we would for a buyer’s inspection. The report will detail any items or issues that would be considered a safety hazard or a major defect. Some may be an easy fix, others could be quite involved.

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