Waters Realty of Brevard LLC  welcomes you to our comprehensive real estate website covering all of Brevard County, Florida.  Just some of the the cities and communities we serve include Melbourne, Viera, Suntree, Merritt Island, Rockledge, Cocoa Beach, Satellite Beach, Port St John, Cape Canaveral, Indian Harbour Beach, and West Melbourne.

None of the mega web sites provide more accurate Melbourne, Viera, Suntree, Merritt Island, Rockledge, Cocoa Beach, Satellite Beach, Port St John, Cape Canaveral, Indian Harbour Beach, and West Melbourne real estate market information than you’ll find here.  Have a question, send me an email!

For buyers there is detailed area and neighborhood information and a great listing search page. For sellers we provide information and data to help you to ready your home for market and to list it so it sells.

The Brevard County, Florida real estate market is made up of diverse and interesting communities and neighborhoods. We’ll tell you about each of them and let you narrow your search to the very best for you.

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Gary Waters Florida Real Estate Blogs
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Home Buyer Tips: Does it really matter what type of sale it is?

30 Jun 2015 14:00:05 PD

Many times buyers want to know why a house is on the market.  Buyers believe if they can determine the type of sale (short sale, estate sale, foreclosure, estate sale) it may give them some potential leverage to get a better deal.  In some cases this may be true.More importantly, a real estate agent should know the type of sale for every property a buyer clients will see let alone make an offer on. A buyer's goals, budget and time line can limit the type of sale they should consider purchasing.For example, although now less common in Brevard County, a short sale has one often unpredictable characteristic....time.A short sale occurs when a seller is trying to sell a house for less than the mortgage owed.  However, any sale must be approved by the lender.  The time frame may be a few months or much longer (including never).    If a buyer has a time table that requires a closing within a specified period, a short sale is probably not a good choice.Read more about short sales here.Should you consider a short sale?What is a short sale?Are you sure you want to look at short sales?Another time when a buyer needs to be aware of the sale type is when it is a foreclosure.  Foreclosure properties typically have been neglected and are in need of repairs.  Some are missing appliances and other critical items.The type of loan a purchaser will be using may limit the potential for a foreclosure purchase.With a foreclosure it is usually more of a condition/appraisal issue rather then time. (think condition more so than time in this case).   Most foreclosures are sold "as is where is" so, unlike a standard sale, the chance of getting required repairs done by the seller is practically impossible.However, if a buyer is getting an FHA mortgage then there may be options for repairs mortgage many of these are not finance-able.   However this is not always the case.  Discuss the possibility of a foreclosure purchase with your lender first.One other word about foreclosures - inspections.  Many times the electricity and water will be off.  If the service can be resorted for an inspection it may be an additional buyer cost. Another type of sale to be aware of - the estate sale.  Some buyers think of estate sales as a bargain opportunity.  This may or may not be the case.  It all depends on the seller (heirs) motivation.More importantly, with an estate sale, it is important to know if the property has been through probate or if there will be some other potential hold up in closing (i.e. multiple approval parties/multiple locations/etc).   Most often, if a property has already gone through probate or the sale is in a trust following a death, there is no reason to approach the marketing any differently from any other sale.   So does it really matter what type of sale it is?   Almost always, the answer will be yes.  Considering buying or selling a Viera, Florida home?  Call me at 321-693-3850 if I can help in any way.

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Homes for Sale at Viera, Florida - Heritage Isle Market Update June 2015

24 Jun 2015 15:30:00 PD

Heritage Isle. Viera Florida's largest 55+ community, is located next door to the Duran Golf Club, near The Avenues Shopping complex and close to the newer Viera Hospital.  Heritage Isle offers residents a choice of condominium, patio style, and single family detached homes in a setting that offers features such as twenty-four hour manned gated entry, 21,000 square foot club house, fitness center, library with computer stations, pools, tennis, lawn service/landscaping, concierge service available and more. What is for sale in Heritage Isle at Viera, Florida?  Currently there are four townhouse/villas for sale in Heritage Isle.  List prices for these villa homes range from $179,900 to $194,900.  All of these homes offer two bedroom two bathrooms with a one car garage.  Two of these are new construction properties scheduled for completion in August 2015 . Most have about 1500 sq. ft. under air except the smallest which is just under 1,400 sq ft.There are currently eleven single family detached homes for sale in Heritage Isle.  List prices for these homes range from $239,590 to $460,000.   Five of these homes are listed at or below $265,000.  Home size varies from about 1,700 sq. ft. to almost 2,600 sq. ft.All except one of these properties are fair market sales.   There is one single family detached foreclosure on the market (3/2/2  with approximately 2100 sq ft).What has recently sold in Heritage Isle?An indication of homes selling pretty quickly in Heritage Isle is the twenty-two properties under contract awaiting closing and only 15 for sale at this time.    Since May 1, 2015 there have been seventeen sales with prices ranging from $159,000 to $289,990. Seven of these properties were new construction (four patio style homes, three new construction).  Six of the seventeen sales were patio style homes.  Ten of the single family homes sales were priced between $211,000 and $252,500.  Most importantly, all of these were standard sales.   Of note also is just-one of the twenty-two homes awaiting closing is a foreclosure.Heritage Isle offers a variety of properties that fit whatever one is looking for in a 55+ community.  Call me at 321-693-3850 for information on homes for sale in Heritage Isle at Viera, Florida. Send me an email for information on homes for sale in Viera including new construction and re-sales.

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Condo and Town House Market Actvity May 2015 - Brevard County, Florida

24 Jun 2015 03:00:03 PD

While not as brisk as the single family home market in Brevard County, Florida, the condo and town house activity has been steady.    Median sales prices are climbing steadily while inventory is dropping (although still about four months supply).For information on buying a condominium in Florida, give me a call at 321-693-3850.

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Inventory and Median Sales Price - Brevard County, Florida May 2015 Single Family Homes

23 Jun 2015 08:30:00 PD

The median selling price for Brevard County, Florida single family homes sales in May 2015 continued to rise as illustrated in this Florida Realtors® table.

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Monthly Market Detail May 2015 - Brevard County, Florida Single Family Home Sales

23 Jun 2015 04:57:55 PD

The May 2015 Brevard County, Florida real estate market was positive - except for inventory, months' supply, and days on the market - which all decreased over May 2014.With median days on the market standing at 30 days and the supply level standing at 2.9 months, sellers remain in the position of advantage.Anyone considering the purchase of a home in Brevard County needs to understand the market and be prepared for potential multiple offers.The best way to get a jump on finding your home is to set up a Multiple Listing Service (MLS) search now so you see new listings when they occur.  Send me an email if you would like to be set up with a free automatic home search in Brevard County, Florida.

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Gary Waters

3270 Suntree Blvd #2218
Melbourne  Florida 32940

321-693-3850 (direct)

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