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Monday, November 22, 2010

Home Buyer Tip: In Brevard County Home Price Depends on Which Floor You are Shopping On...

Advertisements are meant to grab your attention so it is not surprising that some folks see the prices on some listings and think they are going to get a regular property at that great price. Unfortunately It is just not so.... properties are priced by the seller, even banks, to generate an offer.

And, just as in life, you will get what you pay for when it comes to Brevard County real estate.  Sure the prices are attractive across the board but there are different pricing levels.

The housing market in Brevard County is like a three story house.

On the first Floor you will find Foreclosures/Bank Owned properties where the price reflects deferred maintenance, possible vandalism and sometimes(not always) serious issues (read this as cash buyer only, can't be financed).

As one "climbs" to the second floor they will find short sales where some maintenance may have been deferred but for the most part the property is likely in reasonable condition while being priced at a slight discount.
    Then on the third floor are the Regular sales and the world looks better from up here. Mostly in good condition, clean, most are move in ready! 

    I recently posted an article on the three segments of the Brevard County real estate market - short sales, foreclosures and standard sales.  This article also provided sales and listing information for all three segments.

    If you have any questions on  homes for sale in Brevard County, Florida, give me a call or drop me an email.

    Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

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