Now Offering Real Estate Data in Venice FL

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Real Data has recently partnered with Venice, Fl Realtor Clark Bowman to provide up to date real estate data analysis. The new real estate data for Venice FL will be used for market analysis for both homebuyers and homes sellers.

Clark brings years of experience working with both buyers and sellers of real estate in the Venice FL area.

Basic Real Estate Statistics

  • $350K is the Median Price for Newly Listed Homes
  • $215 is the Median Listing Dollar per Square Foot ($/Sq ft)
  • $335 is the Median Sold Price of Sold Properties

On average, homes in Venice, FL sell after approximately 45 days after getting listed and placed in the local MLS.  The most recent trend sfor median days on market in Venice, FL is decreasing with a short supply of homes for sale and substantially more demand than last year. Low interest rates have further pushed the demand for Florida properties.

If you are interested in selling or buying real estate in the Venice FL area — Clark Bowman now has a direct link to the local MLS and his property search shows the newest listings, updated every 15 minutes.

Steps to Taking a Real Estate Market Analysis

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Steps to Taking a Real Estate Market Analysis

A successful real estate investing campaign begins with careful real estate market analysis. Your real estate market analysis will assist you in making the right investment decisions when buying a home and help identify possible opportunities and risks in the market. The process of market analysis is more than just crunching numbers and coming up with numbers; it is an effort to understand and interpret the current real estate market so that you can make informed investment decisions. Market analysis can be a difficult task and is best left to real estate professionals and financial planners who are experienced in the real estate market.

Real Estate Comps

In order to get a good real estate market analysis, there are a few things that you need to do. The first thing that you need to do, is to find some real estate comps that will give you the price range of the houses in your neighborhood. These can be found online for free, and if you use them you can get a good idea of what the houses currently sell for, as well as what the average home price should be. You will then be able to determine the exact price range for your home, and this will help you set your limits, so that you don’t overpay for your new home.

Absorption Rate

Real estate investors and brokers have access to many indicators that can help them analyze the real estate market and identify opportunities. One of the most important indicators of health in the market is a good absorption rate. Good absorption rates indicate that the market has enough buyers to keep prices low and homes on the market for sale. There are several ways to obtain a good absorption rate, including conducting real estate market surveys.

Supply and Demand

Another important component of a good real estate market analysis is calculating the impact of supply and demand. In order to properly calculate the impact of supply and demand, you must know the overall supply and demand conditions in your area. This type of analysis is very complex and should only be handled by those who are well-versed in real estate investment decisions and trends. Real estate investment decisions and trends are cyclical in nature, so it is important to review your investment options periodically based on current market conditions. There are many ways to correct for fluctuating market conditions, but a knowledgeable real estate investor is better able to spot the signs of a potential problem and take steps to mitigate the impact before it becomes a problem.

Vacant Properties

When looking at the inventory in a neighborhood, you will also want to take a look at vacant properties. This is an important part of determining a real estate investment property’s value. Many investors try to buy homes without taking into account how much inventory is on the properties. Vacant properties have a lot of value because their owners are simply not using them. Homeowners who are looking to sell will often times let these properties go for much less than their fair market value because they are trying to unload them.

All of this information is extremely important to determining the correct asking price for your house when you’re negotiating with any potential buyers or sellers, and you need to make sure you have all the facts before you ever consider approaching another party about purchasing a house.

How the Cryptocurrency Act of 2020 will impact Real Estate

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the cryptocurrency act of 2020 and its effects on real estate

The Crypto-Currency Act of 2020 was introduced in draft form to the United States House of Representatives in December of 2019. The purpose of the Crypto-Currency Act of 2020 is to make progress clarifying the regulation of Digital Assets. It separates these Digital Assets into three categories: crypto-currencies, crypto-commodities, and crypto-securities. Real estate is part of the crypto-securities category.

Crypto-Securities Regulation

The Crypto-Currency Act of 2020 states that the tokens of crypto-securities represent “debt, equity and derivative instruments that rest on a blockchain.” It goes on to state that this includes those that are governed by “smart contracts and collateralized by other digital assets.” Real estate is part of this and it is regulated by the Securities and Exchange Commission (SEC.) The Crypto-Currency Act of 2020 requires the tracing of transactions. The act emphasizes that crypto-securities transactions will be regulated much like current real estate transactions in a manner similar to what financial institutions require for regular currency transactions.

Opportunities For Safer Real Estate Transactions With Crypto-Currency Technology

The proposed Crypto-Currency Act of 2020 will allow businesses and institutions, such as real estate-related companies, brokerages, and professionals, who are looking for growth in crypto-currency technology to have the opportunity to participate in this new wave of business. The act calls for all transactions to be traceable which safeguards criminal financial activity, fraud, and money laundering. The act is applauded by the crypto-currency world and is being embraced by the real estate world.

BitPay

During the past four years some developers, builders, and complexes have already started to partner with companies, such as BitPay, that provide Bitcoin payment for real estate transactions. BitPay is the world’s largest processor of bitcoin. It acts as a payment processor for home buyers. The firm BitPay exchanges bitcoin into dollars and transfers the funds on behalf of the buyers. The funds to purchase real estate are transferred to the buyer’s escrow agent at closing. BitPay has already processed millions, close to billions, of dollars in real estate transactions for individual buyers and corporations.

Who is Already Onboard?

So far crypto-currency real estate transactions have been for very high-end home and commercial real estate. The average home purchased with crypto-currency is approximately $1 million. It processes real estate transactions in some of the world’s highest-end real estate markets such as Dubai. More recently they are processing crypto-currency real estate transactions in a condominium resort complex near the Walt Disney World area in Orlando, Florida. Clients from all over the world are flocking to this crypto-currency real estate opportunity. They are coming from countries such as China, Brazil, and Turkey. This community only allows crypto-currency transactions for the purchase of their condominiums.

Bitcoin Holders to Diversify Portfolios

Crypto-currency has been around for quite a few years now. Investors are looking for ways to diversify their cryptocurrency portfolios. Real estate is the obvious choice. With the enhanced regulations of the new Crypto-Currency Act of 2020, more and more investors will be using cryptocurrency to purchase both commercial, residential, and luxury real estate. It is important that developers, builders, and real estate professionals learn more about this method and process of purchasing real estate because it’s not going away anytime soon.

Opportunities For Real Estate Professionals

Real estate agents, brokers, managing brokers, attorneys, title companies, mortgage lenders and all real estate related professionals should hop aboard the crypto-currency train while interest rates are low. Purchasing real estate with crypto-currency is going to become more and more popular and common in the years to come. There is an opportunity for real estate professionals to earn more money for their services if they are educated about purchasing real estate with crypto-currency. Also, some real estate transactions and communities will be for crypto-currency purchasers only. So if real estate professionals aren’t educated and don’t practice these types of transactions, they won’t be able to earn a commission for these sales opportunities.

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Advantages For Buyers

Crypto-currency transactions settle within seconds. This is very advantageous for buyers because they won’t have to physically go to the bank to get funds for their real estate closing or arrange and wait for a wire transfer of funds. This will save everyone time at closings. It will save time for attorneys, title company personnel, escrow company personnel, lenders and more. All of these real estate related professionals will free up time for other clients and transactions. Buyers will have the keys and be in their new homes faster than ever.

The Crypto-Currency Act of 2020 is a sign that cryptocurrency is here to stay. Just like any type of technology related to real estate, real estate professionals need to stay on top of trending and new technologies if they want to continue to grow and evolve in the future. Their commissions and earnings are depending on it.

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