Current Brevard County Real Estate News
- Florida Homes For Sale Florida Homes For Sale
- Moving to Brevard County Florida Moving to Brevard County Florida
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!
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.
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.
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!
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
One of the keys to selling your Melbourne, Florida home is to hire a real estate agent who is not only local but also knowledgeable. I always recommend sellers interview at least three agents before deciding who to hire. [For more, read the related article links at bottom of post.]But these real estate agent interviews are like a boy picking up your daughter for a first date. They know they are going to be quizzed and better be on their best behavior with the right answers!Sellers are at a disadvantage because these these agents will likely all appear to be knowledgeable. All will probably be dressed to impress, responsive to questions and saying what you want to hear!My suggestion is don't do the initial interview in your home but at this really really secret location....At a nearby open house.I call this the "just browsing" screening process. Choose homes for sale ideally in your neighborhood or another nearby neighborhood. Stop by and take a look. Be a browser.Observe how the agent presents them-self to all visitors. You know what you like and don't like in sale people. And real estate agents are primarily sales people. Are they employing pressure and arm twisting? Are they knowledgeable about the product (listing)? Do they make you feel comfortable? Ask them about the neighborhood. Ask them about home prices and seller attitudes. Don't ask the easy questions. Ask about homeowner associations. Ask them about criminal activity. What about school quality and school assignment areas. See how far out on a limb they will go with answers. A good local real estate agent will also know the limitations of their knowledge as well as potential liability. Do not be surprised if you get advised to call the schools or local law enforcement folks for answers. This is not the final selection process. You may not find the agent you are going to hire but you may just find some to skip when the interviews start for real! I like to tell new agents to always expect any contact at an open house to be an interview.By the way, this "just browsing" interview technique works well for prospective buyers who can have a relaxed, no pressure consultation! Twelve Rules for Buying or selling a Home in FloridaTwelve Articles to Help You Be Better Seller.Understand the Process From "For Sale" to "Sold"Thinking about selling your Rockledge, Florida home? Call or text me at 321-693-3850.
The first hurdle prospective home sellers, especially longtime owner-sellers, must clear before putting their home on the market is they are selling a house and not a home.While it may be perfectly natural for a person to become sentimental when selling a home the nostalgia must be tempered. The nice thing about memories is they are easily transported to the next home. Although not the only factor in selling a house pricing is the key factor. Pricing a house unrealistically is akin to fishing with no bait. Anyone who has done much fishing understands their target and the best bait for the environment.Similarly, when selling a home, it is key a seller (through their real estate agent) understand the environment of the sale.The environment encompasses factors likeseller reason, motivation and circumstances (timeline, existing mortgage, property condition, competition).With an understanding of the environment the bait (price) is chosen.Pricing too high is like fishing with no bait whatsoever. Sometimes, a less than ideal bait will get some nibbles and, even a catch occasionally. A Cheat Sheet For Home Sellers.Selling an Imperfect Home.Great Staging Will Not Overcome Deficiencies.Twelve Articles to Help You Be a Successful Home Seller.Ready to sell your Melbourne, Florida home? Give me a call or text at 321-693-3850 so we can talk bait... Image courtesy of meepoohfoto at FreeDigitalPhotos.net
You want to not sell your house? Well here is a short primer on how not to sell your home. Smell. Odors, whether from smoking, last night's fish or whatever will turn a prospect as quickly as anything.Inaccessible. Rarely will a house sell if a buyer has to jump through hurdles to get inside. Having an "agent must accompany all showings" or "24 hour notice required" will not promote viewings.Competition/price. There is a reasonable price range based on your competition. If too much above it, then buyers may skip your house.Location. This goes right along with the pricing and competition. Your neighborhood or location will command only a certain range of prices.Neighbors. Although its only the house for sale it is also your neighborhood and neighbors. Loud music, cars parked on the lawn, overgrown, and neglected lawns all tell a story. Photos and clutter. The home is for sale. Too many photos or personal items (actually anything whatsoever) that distracts from your house is not a good thing. If it has a handle buyers will open it! Dated. I had someone stop by an open house on Saturday. They have their home for sale. They proudly stated they were the second owners since it was built in 1957. They also indicated it needed updating as it still had the original pink stove, etc. Most buyers do not want original equipment in a 1960s or 1970s house. Shag carpet was nice back then!Want to know how to sell your home? Consider doing the opposite of the above items...CleanDe-clutter De-personalizeBe flexible with scheduling showingsEnlist your neighbors helpDo some basic updating (within reason and budget)Price it right for your location, motivation and circumstances (choose the right real estate agent!)
I remember a few years back when I advised a Viera, Florida home buyer that there were multiple offers and the seller wanted his best offer. He responded with a simple question,"Is this a scam?"In the real estate world I must assume the existence of other offers to be real. Realtors operate under a code of conduct. Still, I have no concrete evidence of other offers. Multiple offers happen frequently when it is a seller's market AND a property is priced right. [Read Signs Your Home is Not Priced Right.]Sellers who receive multiple offers are in the catbird seat - maybe. Offers are more than price only. Each offer must be evaluated independently. Still, regardless of "winning" price, if a mortgage is involved then the property has to appraise.Those are words every seller and buyer should understand.Just this week I had buyers get into a situation that involved multiple offers. In this case my buyers understood the situation and knew what they were willing to spend. That is the key point.These buyers were not emotional. They had not formed an attachment to the property. As much as sellers would like buyers to view the process as a competition, not all buyers fall into an emotional trap.They did not. If you plan to buy a home in the Viera, Florida area I want to help. I will make sure you understand the market, your budget and the home buying process.
Fresh paint sounds like an automatic positive selling point. In many cases it certainly would be. But, as a buyer, there is one time when new paint may not be your friend.Flips...you know, investor quick sales. No, this is not an accusatory post. Rather, consider it as a cautionary post.As a general rule sellers disclose and buyers verify. But very often investors are quick to point out they have "no disclosure because seller never lived in house."Still investors should know if they previously repaired a leak in the roof, had an AC issue or whatever if there were tenants in place for any given time. And with a foreclosure sellers may have idea of previous issues based on the condition when purchased.So when buyers walk into a new foreclosure flip, the new paint will look clean, the plumbing fixtures and the like will be new but what about any underlying issues.That is the reason I always urge buyers to have a property inspection performed.While a property inspector may not be able to tell a prospective buyer what is behind the paint they may be able to tell if moisture is present. And they do a lot more!Here are a few more articles on buying a home.Cheat Sheet for Home BuyersBuying a foreclosure - Due Diligence is Required.If its a defect, its a defect!Contract to Closing in 20 Steps.Keys to a Successful Closing When Buying a Home in FloridaReady to buy a house in Viera, Florida? call or text me at 321-693-3850 if I can help in any way. If you prefer, send me an email.
Florida Realtors and National Assoc Realtors News
Home Buyer Advantage Starts Now August 26 2016
The Best Time to Invest Is Now? August 26 2016
Home Owners Tackle Garage Messes August 26 2016
3 Things Pet Lovers Look for in a Home August 26 2016
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.
If you’re a buyer, you want to check out our Featured Homes, as they’re selected for their quality and amenities. As a seller, you’ll want to see your home on this page.