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🔥 STR Homes for Sale Weekly Hot List

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Hello STR Buyers & Sellers!

Welcome to your 5-minute weekly STR briefing where you'll uncover the finest Short-Term Rental (STR) homes for sale, stay updated with trending news, and spot market trends.

âś… Featured STR Homes for Sale and Top Picks.

âś… BIG NEWS, the $1.8B lawsuit that will change the real estate industry, forever.

✅ Mortgage Rate watch for this week and what’s next for rates.

âś… Trending STR industry headlines to keep you in-the-know.

Have a great weekend!

The STR Scout Team

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FEATURED STR PROPERTY OF THE WEEK

Successful turnkey vacation rental property in a desirable Big Bass Lake, in the Poconos.

  • Price: $579,000

  • Location: Cliffton Township, PA - The Poconos

  • Property Details: 3 bed | 1 bath | 1920 sq ft

  • Description: Gated resort community with amenities including a clubhouse, indoor and outdoor pools, and a fitness center. Recently updated home in one of the few remaining 'Resort Communintes in the Poconos.

Contact Listing Agent

Mark Shay, Keller Williams Real Estate
Call: 610-357-4648
Email: [email protected]

STR AGENT TOP PICKS

 Mountain Modern Condo Development in Whitefish, Montana

  • Whitefish’s newest premier condo community.

  • Cantera at The Quarry is a luxury modern mountain condo that will keep guests coming back for more stays.

  • Centrally located between Whitefish Mountain Resort and Downtown Whitefish and loaded with amenities and developer incentives.

  • EST delivery is January 2024!

This is a prime opportunity to own a luxury STR condo in a premier mountain destination. For me for more information:

  • Contact: John Hayes

  • Cell: 850-375-4113

  • STR Agent: Whitefish and Montana Vacation Towns

Turnkey Pool home in the heart of Fort Lauderdale with Rate lock at 6.5% until end of December through preferred lender. Revenue projections of $130-140k.

For more information on this property, Miami and Fort Lauderdale STR’s, and a new turnkey STR portfolio investment opportunity in Miami:

  • Contact: Thibaud Lucas

  • Cell: 786-804-7797

  • STR Agent: Miami and Fort Lauderdale

This is your low price point solution to enter the Hawaii STR market and diversify your holdings into one of the best STR markets in the world.

  • Simple Kauai condo hotel unit for only $330k! Cash only sale.

  • Excellent CoC return and great potential for appreciation.

  • New Hotel partner and choice to self-manage or put in rental pool.

  • Great low cost entry to Hawaii STR cashflow.

For More Information:

  • Contact: Cole Schlack

  • Cell: 808-620-2541

  • STR Agent: Big Island-HI, Kauai, Oahu

Incredible STR real estate investment opportunity. Three houses right outside Asheville.

  • Let me show you how to transform this into max STR cashflow.

  • Request a pro-forma and contruction and features list (all high end) that make this unique.

For more information on this STR and the best STR’s in and around the Asheville area:

  • Contact: Tyler Coon

  • Cell: 828-620-2541

  • STR Agent: Asheville, NC and surrounding towns

TRENDING THIS WEEK - STR HOMES FOR SALE GROUP

🏡 Post your STR Home for Sale today. STR FSBO sellers and STR listing agents post for FREE.

TODAY’S BIG STORY
Sitzer/Burnett v. NAR: The Second Bombshell Lawsuit that Could End Buyer Agent Commissions

What’s happening here with NAR

  • There is a bombshell lawsuit in the residential real estate industry that has been looming since 2019.

  • The lawsuit involves sellers paying buyer agents, which has raised significant questions in the real estate market.

  • The lawsuit, initiated by Joshua Sitza and Amy Winger in Kansas City, challenges the National Association of Realtors (NAR) and major brokerages.

How could this change the real estate industry

  • This lawsuit challenges the practice of sellers paying commissions to buyer agents, even when those agents may negotiate against the sellers' interests.

  • The lawsuit alleges that the NAR's adversary commission rule and the ban on rebates eliminate price competition and incentivize buyer agents to steer buyers away from low-commission listings.

  • If the NAR loses, it could set a legal precedent that leads to significant financial implications and a potential shift in the real estate industry, making buyer agents potentially obsolete.

What happens if NAR loses the lawsuit

  • The outcome of the lawsuit could have substantial financial consequences, with potential damages reaching billions of dollars.

  • If the NAR loses, it may lead to a reevaluation of the buyer agent commission structure and could impact the real estate market by allowing for more online transactions.

  • The lawsuit's hearing is set to begin in February 2023, and its outcome will be closely watched for its potential impact on the industry.

WEEKLY MORTGAGE WATCH - by BANKRATE

⬇️ 30-year Fixed Mortgage: Mortgage rates for Thursday, November 2, 2023 averaged 8.02 down slightly from last week.

⬇️ 10 Yr Treasury: The 10 year treasury yield  gets a little relief this week down slightly to opening at 4.718 on November 2, 2023.

🔆 The 10 Yr Treasury is the most widely tracked government debt instrument as a “benchmark for mortgage rates”, although rates do not track the 10-year yield exactly.

TRENDING INDUSTRY NEWS

TOGETHER WITH BEYOND

Harness the Power of Consumer Search Data for Pricing & Insights

Beyond is now incorporating search data into their solution. 

Early adopters of this innovative new data set for the vacation rental industry see an average of 9% higher RevPAN (Revenue per Available Night).

STR Scout | Ventures 5280 LLC | Affiliated Companies

Disclaimer: We value transparency. Please note that the properties. products, or services mentioned here may have affiliations with STR Scout, a real estate advertising markeitng and media company of Ventures 5280 LLC. If you decide to purchase a property or product from any of the mentioned real estate developers, agents, or property owners, sponsors, or service providers, STR Scout may receive advertising fees. Additionally, certain marketing companies working with STR Scout may also receive a portion of those fees. We are not licensed under securities laws to provide guidance for your specific situation. Therefore, no communication from our company or employees should be considered as personalized or finanical advice. None of the information provided in our newsletter should be construed as a recommendation or investment advice. If is for informational purpose only. Always do your own due diligence before investing in real estate and seek professional legal advice from licensed professionals.