Investment properties in the area have grown by more than 23% in less than a year. Covid-19 is having an impact.
Recently, Redfin CEO, Glenn Kelman, rounded up some anecdotes from this “bizarre” housing market in May.
· 63% of surveyed buyers said they put in a bid without seeing a property in person.
· Sales are closing an average 1.7% above asking price, despite home prices already rising 24% annually.
· Lenders have called employers to confirm buyers have permission to work from home after the pandemic.
And the extremes to which homebuyers are trying to squeeze themselves ahead of others in the process, one would-be homebuyer promised to name her first-born after the seller. (She didn’t get the house.)
These are national figures, which would be higher if just the Florida market were examined.
Warda knows how hard it is to manage one home sale in a state and now is offering to be a specialist in an additional market.
“Real estate is all about relationships for me,” Warda said. “The reason I wanted to start Snow2Sand
is because you build a relationship and you work so hard to earn trust from someone. You go through this amazing process with them, maybe selling the biggest investment of their life, and now they’re getting ready to go somewhere else, let’s say Florida, and now we have to pass them off to someone who you don’t know. And you have to go through the whole experience again.”
His vision with Snow2Sand is to create a network of affiliates in places he could not cover alone. Enter Lisa Reo, who has been a licensed realtor with a company in Florida for three years. She focuses on The Gulf Coast of Florida, where she is a local.
“I needed an agent on a deal in the Anna Maria Island area. She responded…and she was able to show the property within two hours after my call. She’s boots on the ground right in the area.”
“First and foremost, I am just very blessed to have met Todd, and to be affiliated with Snow2Sand because it’s just such an awesome concept,” says Reo.
Warda is looking for more agents to be affiliates for his company and already is well on his way, with potential additions in Naples and Key West, Florida. In the future, he’s hoping to expand to other Midwest, East Coast, and Sun Belt states with additional affiliates.
“I would like to find somebody that’s born and raised in the area like Lisa, so they know the area very well,” he said.
To date, Snow2Sand has helped several clients in both Florida and Michigan. Sam and Brandi Gembel, from Hartland, Michigan, were moving from their primary residence in Michigan to a Florida vacation home. Grappling with the unique complexities of each market, they found comfort in working with dual agents.