The storms this weekend have produced some sizable waves. The beach is taking the brunt of the high winds and high waves. Hopefully, we don’t lose too much sand to the gulf in the next few days as the storm loses it strength.
The Walton County Public Works Department has issued a list detailing current road projects in the county.
County Highway 30A
Temporary road closures on County Highway 30A have been set due to the delivery and placement of the Western Lake pedestrian bridges. During the closures, both east and westbound lanes will be closed to vehicle, pedestrian and bicycle traffic. Once the crane and bridge are in place, contractors will install barriers that completely block the entire right-of-way on 30A.
Road Closure Schedule:
Closures will begin 80 feet west and 100 feet east of the project. Traffic detours around the closures will be via US Highway 98.
County Road 285
Expect periodic lane closures as guardrail installation continues. Paving, striping, and grass installation are complete, and new mailboxes have been installed.
If you’re looking to promote your properties in the Florida panhandle, you’re competing with many other properties in the marketplace. As increasingly prospective shoppers utilize technology to search for homes and property, why not use some awesome twenty-first-century tools that aid and draw attention to – and very almost certainly sell – your property? A Realtor in Atlanta, Jon Showe developed a 3D tour to help him quickly move properties in the Atlanta area. This technology set him apart from the other Realtors. In fact, Realtors and Builders have been wanting to make use of his technology after seeing the results. At Your3DGuy.com, we have all of this technology and more!
The following are 2 of the new tools that could help you sell your properties:
3D Property Tours
The days of a few still photos or a simple “pan-and-scan” video may be going by the wayside. With 3D technology, you have the feeling of actually being in the room you are looking at.
“They’re literally walking through it from room to room,” he explained.
Instead of watching a video that shows only limited views, his technology allows potential buyers to look at the property in the way they want to, at their own pace. In fact, each buyer will look at the property in his or her own unique way, navigating to specific points of interest, he pointed out.
The videos can be utilized with online listings, and prospective buyers can access them on their computers, tablets or smartphones.
The technology can even show a “dollhouse” view, which has the visual effect of removing the home’s roof and letting the viewer peer down inside.
The 3D tour is helpful for any buyer, including those who live outside the area. International buyers are frequently looking for properties in Florida, this gives them the opportunity to get an accurate, immersive view of a property without even visiting it.
Aerial Photography
Drones can be used to help show off your home’s location with photos or videos. While they’re probably not very useful for a property located on a small subdivision lot, Showe said, drones can effectively highlight a property that has a large, interesting lot with impressive landscaping, a creek or expansive pool area.
A drone can also be helpful if you live on a lake, next to a golf course or have another nearby view you’d like prospective buyers to be able to see – such as a gorgeous neighborhood with impressive properties and amenities.
Since the Federal Aviation Administration has rules that govern the commercial use of drones, you’ll either need to file a petition for a permit – which takes about 120 days – or use a company like Your 3D Guy.
Your3DGuy.com
Commercial developers are venturing into virtual reality technology as a way of allowing prospective tenants to visualize and experience a space — even before it is built.
The trend:
One of the biggest technological trends over the past decade has been the ability to create and visualize 3D representations. While most of these technologies have been developed for the gaming and entertainment industry, virtual reality has grown into having key applications in real estate by allowing potential tenants and buyers to take a simulated “tour” of a property.
According to a recent study by Goldman Sachs Research, virtual reality will become an $80 billion market by 2025, with $2.6 billion being targeted for real estate. More commercial developers and brokers are currently exploring the virtual reality trend as a key tool in selling or leasing potential spaces.
How it works:
Commercial developers have begun using 360-degree video systems throughout their properties to record spaces. The recordings are edited together to create an interactive projection — or simulation — of the interior spaces and surrounding landscape. Potential tenants and buyers are able to view the 3D simulation using virtual reality software applications on a phone, computer or tablet.
The technology gives the illusion of walking through a space and allows the users to look around in different directions from multiple vantage points, feeling as if they are actually touring the property in person. Users can click or scroll on their device to navigate through a space and zoom in on particular features. Some of the 3D applications require special headsets.
Potential prospects can also tour a potential property before construction has even begun.
Some of the main providers of virtual reality applications and 3D gear include Facebook Oculus, Samsung Gear VR, Google Cardboard and HTC Vive.
Uses and benefits:
Whether touring an existing property or one being developed, the virtual reality software applications will let users experience:
Among the most valuable benefits of virtual reality systems and applications include:
The cost outlook:
One hurdle for widespread use of virtual reality in commercial real estate is cost, which can run into the thousands of dollars depending on the scope of the project. The cost of hiring a professional to shoot 360-degree videos can be $3,000 or more. This cost is a lot more affordable with camera systems like the Matterport. Your 3D guy charges an average of 20 cents a square foot to shoot not only 360 degree but true 3D virtual touring. Gear such as headsets are available for under $100 dollars these days.
3D interactive headsets have become more competitive bringing more systems into the market with higher quality and lower pricing.
Because virtual reality hardware companies are continuing to innovate, however, the costs of virtual reality applications and 3D gear are still coming down. Commercial developers should also weigh the time-saving potential and the cost-savings of not having to arrange and conduct actual physical tours of their properties.
Transforming the industry:
A commercial virtual tour has the potential to increase interest in your property and simplify your sales efforts. This can provide you with a competitive advantage.
While virtual reality technology will likely not replace a physical building tour and still has a way to go, virtual reality stands to play a key role in transforming the way commercial developers and brokers do business in years to come.
People across the country are beginning to think about what their life will look like next year. It happens every fall; we ponder whether we should relocate to a different part of the country to find better year-round weather, or perhaps move across the state for better job opportunities. Homeowners in this situation must consider whether they should sell their house now or wait.
The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!
Take advantage of the buyer activity currently in the market.
According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market (which is 4.5-months).
This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market soon.
Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase, reaching historic levels in 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream homes within the existing inventory have turned to new construction to fulfill their needs.
The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.
Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007’s pace. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker & simpler.
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.2% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
According to Freddie Mac’s latest report, you can also lock-in your 30-year housing expense with an interest rate around 3.57% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
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