Current Brevard County Real Estate News
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Home Seller Tips: Is it "move in ready" or not?

25 Aug 2016 15:00:00 PD

Not too many years ago the term "move in ready" was defined as no leaks, all appliances present and capable of being financed!Maybe that is a bit of a superficial definition.   My point is people were not as picky back in the 2004-2006 time-frame when there were way more buyers than sellers.During the big run up of a decade ago, buyers would often acquiesce and buy before the prices went even higher.Times have changed.This is a seller's market and move in ready homes are commanding top dollar here in Florida.But buyers (and appraisers) are no longer lax in their definition of move in ready or finance-able.If you are considering selling your Viera, Florida home consider the competition.  Sellers logically want to get top dollar.  And with a shortage of inventory of homes buyers are willing to compete for "the house."Move in ready is defined by the buyer however common expectations among buyers include things like:Roof - End of life or in need of replacement roof is a turn off. Who wants to pay top dollar and put a roof on in a few years?  Besides, buyers may have issues with obtaining homeowner insurance. Air Conditioning - This is Florida.  It is AC weather about ten months out of the year.  Energy efficiency is an issue for many buyers. Do not be surprised if the buyers want to see the utility bills for the past year or two. And don't forget that "original equipment" water heater.  Sure it may last twenty years but should it?  Kitchen - Old appliances and "vintage" kitchen cabinetry are not positives. Flooring - Worn carpet, old vinyl is more than a cosmetic turn off.  Again, buyers want to move in and rarely buy flooring or even paint right away.  Bathrooms - Like the kitchen, old, vintage and classic are not descriptions buyers are seeking when reviewing your agent's marketing materials!If a seller is intent on receiving top dollar for their move in ready home, then it is critical they see their home through the eyes of the buyer!

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Brevard County, Florida Condo Market Data July 2016 vs. July 2015

24 Aug 2016 12:31:04 PD

The below chart provides a comparison of July 2016 activity compared to July 2015 activity for condo and townhouse sales in Brevard County, Florida.Unlike the residential market the condo inventory is higher in 2016 than the previous year.   While prices have increased over 2015 the increase is less dramatic than the single family market changes.

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July 2016 Brevard County, Florida Residential Market Summary

24 Aug 2016 12:25:02 PD

The below chart provides a summary of the Brevard County Residential market for July 2016 compared to July 2015 as provided by the Spacecoast Realtors.  The short version.... prices noticeably higher and inventory lower.   

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Home For Sale - 897 Brunswick Lane in Rockledge, FL - $172,900

23 Aug 2016 14:30:12 PD

Located at 897 Brunswick Lane in Rockledge, Florida, this three bedroom two bathroom two car garage home is move in ready.  With  about 1,338 square feet under air, this well maintained 1977 built three bedroom two bathroom two car garage home is back on the market this afternoon at $172,900. View the MLS entry for 897 Brunswick Lane, Rockledge (including photos and maps).   The central location in Rockledge's Levitt Park subdivision, makes it easy to get around central Brevard County!  Parks, playgrounds, walking paths, excellent schools (public and private) nearby.   Public transportation easily accessible.Its location near I-95 as well as US 1 make it an excellent location for commuters.  Orlando is only about 45 minutes away, Melbourne about 20 minutes and the beaches are only about 10-12 miles!New Roof in 2015:  The asphalt shingle roof was just installed in September 2015 and both bathrooms have been remodeled.   The garage door and opener are recent as well as the interior doors and exterior paint.The laundry room includes a tub sink as well as a newer washer and dryer which will remain with the house.   Hot water heater new 2016.The fenced back yard offers a patio for your grilling, plenty of space to play in the sun and a covered screened porch when you just need to relax.Also in the back yard you will find what the seller refers to as "The Little House."  Do you need that little extra space for a hobby or home office?  This 192 square foot concrete block trussed roof, air conditioned building offers lots of possibilities!If you are considering buying a home in Rockledge, Florida, call or text me at 321-693-3850.  #movingtoflorida   Search Homes For Sale in Brevard County, Florida..FHA and VA buyers welcome!   First time buyers...ask me about the bond money available to help you buy your home!

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Buying a Home in Florida: Can I Move In Early?

22 Aug 2016 09:30:13 PD

Sure, a buyer could move in early if the seller approves.  However, there is always a.....  But that move in would likely need to be in the form of a tenant-landlord relationship with specific lease terms in place.  I would also recommend having significant security deposits in place.Buyers need to understand the seller is exposed to risks if they move in early.  There could be insurance issues.  Does the seller's policy cover the soon to be buyer's personal property?  Does the insurance cover the seller if someone moves in as a tenant?  The soon to be buyer's homeowner policy likely does not cover them in the pre-purchase phase.I am not an attorney but, as a real estate broker, I always recommend against such arrangements.  For some of the reasons above and others.After-all, when is a deal a deal?  When it has closed.  In the real world stuff happens...  lost jobs, family emergencies, illness or whatever.Assuming the prospective buyer moves in early and does a final walk through prior to the early move in and then the HVAC fails or one of the appliances die?   Could a prospective buyer say they were not going to close until repaired or replaced?And if the deal does go south (why do deals never go north?)....eviction can be a long process.Again, I am not an attorney however I would recommend a seller discuss the question of an early move in with an attorney as well as their insurance carrier before responding.   Most real estate agents are not attorneys and should not be straying into this territory.My advice.... follow the normal process.Move in after closing! Considering buying a home in Melbourne, Florida?  Call or text me at 321-693-3850.Image courtesy of arztsamui at FreeDigitalPhotos.net

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!

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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

Broker/Owner

Waters Realty of Brevard LLC

3270 Suntree Blvd #2218
Melbourne  Florida 32940

321-693-3850 (direct)

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