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Fall 2017/ Winter 2018

WatsonRealtyCorp.com

What to Expect After a Major Storm or Hurricane Hurricane Irma tore through a large portion of Florida in September, leaving billions of dollars worth of damage in its wake. With so much residential property damage sustained during the storm, Irma certainly left her mark on the local real estate market. For starters, there are many properties in different stages of construction awaiting critical repairs. CONTINUED ON PAGE 2

A Smart Home Can Save You Money Smart home technology offers users a lot more than time-saving convenience and peace of mind. Certain devices can also save you a significant amount of money. CONTINUED ON PAGE 3

LOOK INSIDE... • Know the value of your home. • Save money using an agent! • Watson continues to grow. • Explore with LeadingRE!


What to Expect After a Major Storm or Hurricane CONTINUED FROM PAGE 1

Due to the amount of properties needing repair, the availability of qualified licensed contractors is in short supply. This results in less competitive bids due to the supply and demand, which ultimately leads to higher repair costs for up to a year. Further complicating things is the tremendously high volume of insurance and FEMA claims. The Citizens Property Insurance Corp., a creation of the Florida Legislature that provides insurance to coastal residents who can’t find coverage elsewhere, says it has received more than 45,000 claims related to Irma, but that number could balloon to 70,000 within 18 to 24 months. Meanwhile, FEMA reports it has provided $124.2 million in repairs to Florida homes and businesses that aren’t covered by insurance. Naturally, these factors and more will lead to both shifts in the local real estate market. Properties located outside flood zones that received minimum damage will sell for a premium price as early as November 2017. You shouldn’t be surprised to see a 5% increase

in selling price for these properties compared to their pre-hurricane prices, due to high demand but inadequate supply. Properties with flood damage, on the other hand, will take months to be repaired thanks to delays from FEMA and insurance company settlements. These houses will take a hit in their selling price and are likely to be looked over by many buyers. These trends will likely carry through the entirety of 2018. However, if Florida is fortunate enough to avoid any major storms or hurricanes in 2018, the stigma surrounding the market will dissipate and prices should return to their pre-hurricane standards. Florida will continue to grow in population, which will enhance the demand for real estate sales and rentals. Despite Hurricane Irma’s effects on the market, real estate is still one of the most important assets a person can own to ensure their future.

All Florida Realty Services, LLC Merges with Watson Realty Corp. Watson Realty Corp. is pleased to announce the merger of All Florida Realty Services, LLC with Watson Realty Corp., effective July 14, 2017. Watson Realty Corp.’s Chairman of the Board, William A. Watson, Jr., stated, “We are thrilled to have the opportunity to merge All Florida Realty Property Management, Real Estate Sales and Real Estate School into the Watson Realty network of offices.” All Florida Realty Services, LLC was founded by David Bessette in 1972. Mr. Bessette recalls, “Many years ago when we were entering the field of real estate sales, property management and general business operations my wife, Pam, and I looked around to see who our competition was to determine how to set up our own business. Mr. Watson and Watson Realty became our model of what a successful real estate operation should look like. Our merger with Watson Realty Corp. will take us all to a new level and more importantly, we will remain viable in each of our market places and continue providing quality services to our customers, agents and employees.” Over the years All Florida Realty grew into a full-service real estate brokerage with a comprehensive and integrated suite of resources including property management, residential sales, real estate school, and commercial and personal insurance services. Mr. Watson went on to say, “We are very pleased to grow our footprint in Florida, and are excited to offer additional Real Estate services in the Melbourne, Port St. Lucie, Vero Beach and Port Charlotte area, plus merge our two Daytona area Property Management Offices.” With the merger, Watson Realty Corp. also acquired Florida Insurance Concepts LLC and Pinnacle Association Management LLC as additional services to its existing Family of Services.

Knowing the True Market Value of Your Home Real estate is generally a family’s largest investment, so it’s important to regularly assess the value of your home. Life-altering events like job changes or family additions can happen when you least expect them, forcing you to change your housing status. “You never know when life’s conditions may change and you may need to prepare to liquidate or borrow on your home. It is good to be prepared when that time comes,” says Ed Forman, President, Watson Realty Corp. REALTORS®. It’s equally important to know the value of your home during

favorable conditions. We are currently in a seller’s market, so home values are continually rising. Homeowners should periodically consult with a real estate professional to stay updated on the true market value of their home and be proactive in the decision-making process. Visit WatsonRealtyCorp.com/Sell/EstimateProperty to receive your free home value estimate.


Smart Homes Save You Money

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Many smart gadgets require an investment upfront, but can return major savings in the long run. Here are five smart home trends worth utilizing. 1. A  utomated lighting systems and smart LED bulbs, like Wink Bright or Philips Hue, are energy-efficient and can be programmed with your smartphone to turn on and off at certain times of the day. Motion-sensing technology can even detect your presence and switch the lights accordingly. 2. Wi-Fi-enabled  smart sprinkler control systems, like Rachio, can help you maintain a healthy lawn while conserving water, time, and money. With the right settings, Rachio can save you up to 50 percent on irrigation bills. 3. Smart thermostats, like the Nest Learning Thermostat, can learn your schedule and temperature preferences and adjust accordingly throughout the day. These devices can sense when someone is in a certain room and activate the heating and cooling appropriately or go into standby mode when the house is empty. 4. S  mart home security systems allow you to monitor your home even when you’re away. Many advanced systems like ADT Pulse bundle the ability to automate your home’s temperature, lighting, and appliance control with other futuristic touches like smart door locks that you can operate remotely. You can even add real-time video capabilities to your package. 5. S  everal intelligent devices allow you to bring your kitchen into the modern age. Smart ovens can automatically calculate cooking temperature and time by sensing what’s inside it. By using an app, Wi-Fi-enabled coffee makers let you start brewing your first cup of coffee before you’re even out of bed. Employing these smart technologies will give you control of many of your home’s features with the touch of a button from anywhere in the world, saving you time and in some cases, a lot of money.

Top Reasons to use a Real Estate Agent When Buying or Selling a Home Hiring a real estate professional when buying or selling a home will save you a lot of time, stress and money. Here are the top reasons why you should contact a local Watson Realty Corp. agent. 1. Industry and Market Expertise – Licensed real estate agents have an in-depth knowledge of all the steps and procedures in the buying and selling processes. They can provide you with accurate, up-to-date information on market conditions and stats on comparable homes to help guide your buying or selling decisions. 2. Connections – Real estate agents regularly work with many different buyers, sellers and industry experts. Access to this network of people will make it easier for you to connect with the right home, buyer or service specialist, such as a mortgage lender, home inspector, title company etc. 3. Price Guidance – The fastest way to sell your house is to price it correctly. Watson agents can help you price your home according to market data and recent sales so you’ll receive full value.

4. C  ontract Knowledge – Real estate agents deal with contracts on a regular basis. They understand regulations, conditions and industry jargon and know how to use the contract to serve and protect you. 5. N  egotiation Power – From the buyer or seller there are a lot of people to negotiate with during the home buying and selling processes. Real estate experts know how to handle these negotiations in your favor and avoid costly mistakes.


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Watson Realty Corp. 7821 Deercreek Club Road Suite 200 Jacksonville FL 32256-3698 1.800.257.5143 WatsonRealtyCorp.com

See What It’s Like There...

Have you ever wished you could explore the world, or thought about living in another country? Through our affiliation with Leading Real Estate Companies of the World® (LeadingRE), it’s easy to see the world and find your new home anywhere around the globe. LeadingRE is a network comprised of 565 of the world’s market-leading independent residential real estate brokerages in over 65 countries. The global network leads the industry in reputation, is home to 14 of the top 25 real estate companies in the U.S. and has more #1 market share companies in top markets than any other network. Explore leadingre.com/exploreplaces/ to visit neighborhoods, attractions, recreational activities and culture through the eyes of the locals. It’s the quality you expect from Watson Realty Corp., but on an international scale. If you’re ready to relocate and “See What It’s Like There”, call Watson Relocation Services today at 800.257.5143 to begin your move!

Outlook Newsletter FALL 2017  

• What to Expect After a Major Storm or Hurricane • All Florida Realty Services, LLC Merges with Watson Realty Corp. • Knowing the True Mar...

Outlook Newsletter FALL 2017  

• What to Expect After a Major Storm or Hurricane • All Florida Realty Services, LLC Merges with Watson Realty Corp. • Knowing the True Mar...