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Friday, September 30, 2011

Short Sales Are Not For Every Buyer.

The discussion of short sales and foreclosures invariably comes up in most conversations with folks considering buying a home in Brevard County, Florida.

What is a short sale?   A short sale is a situation where the proceeds from selling a property will likely be less than the monies owed.  These sales usually occur when there are circumstances that have placed the seller in a real (documented) hardship.

A major point I try to make early on is short sales and foreclosures are entirely different breeds.

Another discussion that comes up is about pricing -   Why are foreclosures priced lower than short sales?   After all, they are both distressed properties, right? 
  1. First of all, short sales are not short.  In most real estate transactions time is extremely important.  With short sales I am almost convinced lenders considering a short sale offer do not look at it that way.  But when they make a decision they expect the buyer to get it closed asap!
  2. Secondly (and probably more importantly), short sales are not for everyone - sellers or agents.   The uncertainty a short sale transaction offers is not for very many people.  If you do not have the time, patience, flexibility, do not pursue a short sale as it will only lead to frustration and stress!
Short sales have lost their appeal among first time home buyers who apparently don't want the uncertainty of a short sale process even though the savings can be significant.

Short sales and foreclosures offer opportunities for those who are equipped to deal with them but they are not for all buyers.  Nor does every real estate agent possess the skills to manage short sale transactions.

If a short sale is a consideration (as a buyer or seller), call me at 321-693-3850 or email me if I can assist in any way.










Viera and Suntree (Melbourne, Florida) Foreclosures / Bank Owned Properties

Viera and Suntree (Melbourne, Florida) are not the hot beds of REO/foreclosure activity that many seem to think.

Question:  How many active single family home listings are there for bank owned/foreclosure properties in Viera and Suntree?

Answer:  Eight as of today, September 27, 2011.

Where are they located?   Several are in the 55+ communities (two in IRCC, the other in Heritage Isle) while the remainder in the Viera East area and one in Suntree.  Note there are no foreclosures west of I-95 in the newer areas of Viera.

As for short sales…there are only 33 in the Viera and Suntree areas as September ends.

If you are considering a home purchase in Viera or Suntree (Melbourne, Florida) it is highly likely you will be standard sales instead of distressed properties. 

The good news - many of these standard sales are priced competitively with the short sales (not foreclosures).
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Thursday, September 29, 2011

Choosing Your Real Estate Agent: The Best Real Estate Agents Communicate Like Children

Kids are fun because they have not yet been tainted by the "real" world.   Young children have not learned to hide their motivation or desires.

Young children tell it like it really is…

Buyers and sellers are served best when they have a real estate agent who can tell it like it is, without a lot sugar coating, but with understanding.   

Many times the seller does not choose the time to sell but rather their circumstances make the choice for them.   And if the circumstances dictate selling in this market the selling price may not be as high as they would like (rarely is).

Perhaps a short sale is needed because of a personal or financial hardship that has arisen.  Perhaps it is a divorce or other family situation.

It is in these challenging times a seller needs to receive advice they can rely upon to make these tough choices.

On the other hand most often buyers can choose when, or if, to purchase a house or condo.  In a buyer’s market such as we have today it is the buyer’s who can win if they so choose.   In some cases buyers do become sellers to take advantage of the market.   Sure they may get less for their old house but they see how much more they can buy now.  Besides, real estate is cyclical and it will go up in value one day.

The lack of new construction now will likely create greater demand later as builders try to play catch up.

If you are considering buying selling in Brevard County, Florida, contact me to find out how I can help you!




Wednesday, September 28, 2011

Florida Homes For Sale–Your Resource For New Construction in Brevard County, Florida

While reviewing keywords for this blog this morning I was surprised to see the phrase “how negotiate on new construction” as one of the top keywords.

A keyword or keyword phrase is simply what you are searching for when you enter a word or phrase in the search bar on Google or Bing or any other search engine.

As a blogger about Florida real estate, more specially, Brevard County Florida real estate, I try to key in on the information readers will be searching for if they are looking for information on buying a home in Florida.

My articles dealing with home builders and new construction real estate in Brevard County seem to attract a lot of readers.

I am pleased with these results as I do try to be a resource for buyers looking to purchase new construction in Brevard County, Florida.

Here are a few of the articles on about new construction around the Viera and Rockledge and surrounding areas.


When it comes to new construction in Brevard County and elsewhere I believe the real estate market has not rebounded sufficiently enough to place builders in a position of advantage - yet.  Couple this with the fact new home inventory has not risen and will not for some time until demand increases, this an ideal time to consider new construction home purchases.

When you are ready to consider new construction homes in Brevard County including Heritage Isle,  get your own real estate agent first.   The builder representative represents their employer – the builder- not you!



Tuesday, September 27, 2011

Westwood Subdivision in Rockledge–Large newer homes at attractive prices

Rockledge, Florida's  Westwood subdivision is ideally situated near excellent schools, shopping (Viera's The Avenues Mall nearby), major routes (I-95 and US 1),  restaurants, medical facilities and several golf courses.

Westwood offers newer homes (built between 2008 and 2011 by Mercedes Homes) in a one street subdivision so there is no through traffic.  The homeowner association dues are approximately $200 every quarter which is very reasonable.  I must point out there is no community pool or facilities so that is likely the reason for the lower association dues.

At this time there are four homes for sale in Westwood in Rockledge.   The smallest of these homes is a new construction 1,717 sq.ft. three bedroom two bath two car garage home listed by the builder for $189,900.   This home is actually a bit smaller than the other three homes for sale – all between 2,410 and 2,745 sq.ft. with three car garages listed at $270,000, $279,900 and $359,100 (has a pool).

Westwood is in a great central location, sort of in the middle of everything but in a not-so-noticeable sort of way.  There is one home under contract in Westwood that has been on the market for only 15 days - a good sign!

Another positive for Westwoodno short sale or foreclosure listings!

For information on homes for sale in Rockledge's Westwood subdivision, please give me a call or email me.

Nearby developments similar to Westwood include the Augusta Trace located on the Turtle Creek Golf Course and Plantation Pointe  just off Barnes Blvd less than a mile away.


Do It Yourself Home Repairs: Because you can doesn't mean you should.

HGTV is an interesting network.  It has some very informative programming as well as some that can cause headaches!  I am not making some medical diagnosis here. 
I just read an article that included some words of wisdom homeowners should consider before attempting one of those "easy do it yourself projects".
Just because you CAN do it yourself doesn’t mean that you SHOULD.* *borrowed from Richard Weisser Realtor®
My opinion is these programs are meant to be entertaining primarily and educational secondly

Know thy limitations…for one day when you sell everyone else will as well!   Reminds me of one of my recent sales - the inspection was overall acceptable except for everything the seller touched!

How many of us, after viewing some guy swimming with sharks, runs over to the beach looking for a sharks to play with?


Moving to Brevard County, Florida - Helpful Links to assist your move to Brevard County



For your Brevard County, Florida real estate needs call or email me.



Monday, September 26, 2011

When Buying a House or Condo in Brevard County, Florida Know The Differences...Communities, Cocation, Condo vs. Town Home, Short Sale vs. Foreclosure.




I was only searching for one of my older posts about the hassle free lifestyles offered in some of Brevard County, Florida’s 55+ communities, beach side condo communities and Suntree/Viera town home communities.

But my search showed me several other articles about the differences in Brevard County, Florida real estate. 

And whether one is a first time home buyer, experienced buyer or if one is looking for a 55+ community in Florida or golf course community in Viera, finding the right property involves understanding the differences.

 Like...
 
As a real estate agent working with buyers in Brevard County, Florida it is important for me to make sure YOU understand the differences that exist along the way to finding YOUR perfect home.


Bayhill in Viera East - Cookie Cutter Homes Are Not Always The Same Even When They Are The Same.

A few days ago I started this out as a market report for the Bayhill subdivision in Viera East (Melbourne, Florida).  At the time I noticed there were five active listings in Bayhill.

Most of these listings were very similar.  All but one had four bedrooms and two baths with a two car garage.  The other was a three bedroom two bath home with basically the same sq.ft. (1930 vs. 1902).  For practical purposes these were all the same.

Of these homes three are short sales and two are fair market sales.  The short sales are priced between $150,000 and $165,000.  The $165,000 priced home has a pool and same sq.ft. as the highest priced home at $192,000.

I am not the listing agent on none of these so I have no reason to promote any specific listing. 

These two properties are the same model built by the same builder – Holiday Builders, Inc.  They both have screened in-ground pools.  The short sale backs to the Interstate 95 sound barrier while the higher priced unit overlooks a lake.  Clearly this home has the advantage - location and from the pictures.  Lots of good pictures are critical when marketing a home.

The challenge to sellers is to convey the differences in these two houses in such a way the buyers understand the differences are real.

In many of the Viera East neighborhoods where so many of the homes are the same it is not always an apples to apples comparison. 

If you are considering buying or selling a home in Viera East in Melbourne, Florida, call or email me if I can assist in any way.



Listing Prices in Florida Rebounding

Listing prices are on the rebound – especially in Florida -  according to August 2011 real estate data provided by Realtor.com.

Of the top fifteen locations where listing prices are showing their highest year-over-year increases, eleven are located within Florida.

The increases in Florida list prices range between Orlando’s almost 11% to Miami’s high of 27.4%

A couple of thoughts…

Brevard County is not listed within the top 15 but does that mean list prices will not start increasing?   I don’t think so just yet as real estate is still very local.  I would just like to see sales prices stop dropping.

This report addresses listing prices but not sales prices.  Let’s see where those are as they are ultimately more important!

More importantly, there are several markets within the “local real estate market” like (1) short sales/foreclosures and (2) fair market/standard sales.

Saturday, September 24, 2011

Could these be some of the most attractive home buys in Brevard County, Florida?

Occasionally I notice what I consider to be really great values in the Rockledge, Viera and Suntree areas of Brevard County, Florida.  Almost any real estate agent knows where the deals are within their local area - just ask.

In Rockledge, Viera, and Suntree Florida I have a good idea where they can be found.
  • Like over in Rockledge's St Michel Village, a 1694 sq.ft. 2000 year built 3 bedroom 2 bath 2 car garage listed at $99.000. And it is not even a short sale!  
  • Or a condo out in Suntree’s Hampton Park gated community – a 2 bedroom 2.5 bath townhouse at only $75,000.  I remember selling one of these units a few years ago for about $170,000!  
  • Or over in the Ashwood Lakes subdivision sits a 3 bedroom 2.5 bath home with 2000 sq.ft. under air for less than $138,000.
  • Or the 3 bedroom 2 bath 1993 built home in Rockledge’s Emerald Hills subdivision for $94,900. It is bank owned with no appliances but  I bet the bank will go lower! 
  • Or over in Phillips Landing where there is a 4 bedroom 2 bath built in 2005 for less than $129,000.  Great schools, community pool, near major routes, the ice rink…perfect choice for families or commuters (Orlando 40 miles away).
There are plenty of deals in the Brevard County, Florida real estate market. 

The key to finding the deals is to have a local real estate expert working for you.

If Rockledge, Viera or Suntree is your target area, call me at 321-693-3850 or email me.  I will gladly send you listings!


Downsizing–It's not such a bad thing.

Almost everyone calling me for information on Brevard County Florida's 55+ communities at some point will use the phrase “downsizing.”

They know what they are looking for – a downsized lifestyle.

Moving to a 55+ community like Heritage Isle or Grand Isle in Viera does not necessarily mean a physical downsizing as there are about a dozen four bedroom three bath homes listed for sale in Heritage Isle today.    And most of these larger homes are priced very affordable in the mid-$200s to $300,000 range.

But if one does desire a smaller home Heritage Isle offers patio style homes and villas, duplex style homes and condos!  Some with one car garages, some with double garages and the condos with single car carport.  Most are re-sales but new construction is available as well in Heritage Isle.

Regardless of option, when people move to one of Brevard County's 55+ communities they are choosing a downsized lifestyle.  A lifestyle that offers lawn care, exterior painting periodically, a clubhouse with fitness centers, entertainment, a concierge service  (available), tennis, nearby golfing, a brand new hospital down the street, professional baseball nearby, cruise terminals nearby….you get the picture.

When you look at what is offered in Grand Isle and Heritage Isle, there is no wonder folks want to relocate, retire and downsize to Florida.

If a relocating to Brevard County, Florida, call me directly at 321-693-3850 or email me.


Friday, September 23, 2011

Rockledge Florida Condos For Sale - Turtle Creek Golf Course Condos in Rockledge

Anyone considering a condo purchase in central Florida should take a look at the newer complexes near the Turtle Creek Golf Course in Rockledge, Florida.   With three condo complexes to choose with very attractive prices this may be the best time ever to purchase a Florida condo.

The Jameson Place Condos on Murrell Road near Turtle Creek Golf Course in Rockledge have seemingly become a short sale dominated development.  With reasonable monthly association dues (about $150), this gated complex is relatively new (2006-2009), in an excellent location near Viera, I-95, US 1 and excellent schools.

At this time there are two active listings  in the Jameson Place Condos– both three bedroom two bath one car garage short sales priced at $79,900 and $89,900.   There are four units under contract as well – three short sales.   Two units did close in July 2011 for $80,000 and $106,000.

The Ventura at Turtle Creek condo complex also has a lot of short sale activity.   With three of five active listings being short sales (lowest price $79,900) and three short sales under contract, this gated community offers those looking for golf course condos in Florida an opportunity to buy a Florida condo at a discounted price.  Three units have sold since July 2011.  Selling prices were $79,900, $66,000 and $112,000 (two lowest priced were foreclosures).

The smaller Meadow Pointe condo complex across the street from Ventura at Turtle Creek is a newer Mercedes Homes development.  These condos were built between 2007 and 2011 and offer 3 bedroom 2 bath 1 car garage units in varying sizes from about 1,500 sq.ft. to almost 2,000 sq.ft.   The monthly condo fees of $226 covers many of the common condo amenities – cable, common electric, community pool, lawn care, exterior insurance (not contents).  Prices in Meadow Pointe are higher than the other two complexes ($130Ks and upwards).   This is probably because this complex is newer with no short sale activity.

For information on golf course condos in Rockledge and Viera Florida, call me directly at 321-693-3850 or email me.



Thursday, September 22, 2011

Incentives can work great when selling your house....

Some call them incentives, others call them gimmicks.  Some are more creative while most are the usual.  In a competitive real estate market sellers are resorting to all sorts of tactics to get lookers and hopefully buyers.

Take the couple in Glenview IL who are offering a $1,000 bar tab at the bar across the street as an incentive.  Will that work?  Who knows but it has garnered them increased publicity!

Some of the more traditional incentives I have seen include:
  • Seller contribution to closing costs.  Depending on the type of loan the amount may be restricted.  With FHA loans I believe the limit is still 6% but check with your lender when you get pre-approved for your mortgage. Fannie Mae and Freddie Mac have limits as well (3%). 
  • Home Warranty.   Not a substantial cost to sellers but does offer some reassurance to a buyer.   I believe a home warranty should be offered with every re-sale. [List your Viera house with me and I will provide your buyer a free home warranty.] 
  • Pay points.  A point is 1% of the loan amount charged as prepaid interest.  Check with your tax expert but I think seller paid points are still deductible. [Disclaimer: I am not a CPA, tax expert or financial planner nor do I play one on TV.] 
  • Leave a little something behind.  Throw in that big ole flat screen TV.  Throw in the washer and dryer.  Yep, that is right.  I have seen some deals where the TV or washer/dryer was the clincher!
But the ultimate and most effective incentive is a price reduction.   Of course, if the property has been priced appropriately to the market, there will likely be less need for a reduction when the offer arrives. 

Finally, a word of caution about incentives…. incentives will still not overcome an overpriced property that must still pass the appraisal process!  

About two years ago I wrote "Gimmicks Sell Houses."   Some do.

Call me when you are ready to sell your Viera, Suntree or Rockledge, Florida home.



Using Google Maps to Scout Your New Location: Indian River Front Homes for Sale in Rockledge Florida

Buyers can very easily read the MLS entry about a house or several in any given neighborhood.  And these days real estate agents know they need to include lots of photos.

But most often the pictures on show the property itself and nothing else.

For example, lets say one was moving to Brevard County, Florida and was interested in homes along the Indian River like the Rockledge Drive area in Rockledge.  This is probably one of the most scenic routes along the Indian River in Brevard County.

The Rockledge Drive area has some very large, extremely very nice homes with many having private docks.  There are homes for sale ranging from $325,000 (in the gated River Ridge community) to $1,490,000.

Some homes were built in the early 1900s while some within the past five years.  Sizes range from about 3,000 sq.ft. to 7,000 sq.ft. with five bedrooms and four baths.

But what about the neighborhood and area? 


Here are a few snapshots from the Google Maps web site showing various points along Rockledge Drive.

It may not the same as being there but it does allow you to have some idea about the general area before you make that house hunting trip!  Google Maps also allows you to see traffic patterns, bike paths and other information.  Use it!

If you are considering relocating to Brevard County, Florida, give me a call, please.  Or, if you prefer, email me if I can help in any way. 

 

Wednesday, September 21, 2011

Home Inspections – Between the Buyer and the Inspector

I am not much of a handyman much less a home inspector.   I am not qualified to render an opinion about a home's condition.

So, I always recommend a home inspection be done as part of the home buying process - even on a foreclosure being sold "as is."

I never interpret the property inspection report. (That is not to say I will not comment when a report contains a potentially major issue.)

An inspection and its report are between the buyer and the inspector. 

Any clarification issues should be addressed to the inspector.   Inspectors are neutral third parties who should only have one purpose -  to report the facts.

Buyers must keep in mind, regardless of outcome, an inspection report is only an assessment a property’s condition at one specific point in time.

Based on the buyer's response to the report, real estate agents take the action as directed by the client.  This action may be
  • request repairs be made, 
  • reduction in the contract price,
  • a combination of the first two, or
  • just cancel the contract.  The contract should always have an inspection contingency - even "as is" offers.
A quick word to sellers regarding inspections.... 
When you are ready to look at Viera and Rockledge, Florida homes for sale, call me at 321-693-3850.  When you are ready to sell your Viera or Rockledge, Florida home, call me.  Or, if you prefer



Tuesday, September 20, 2011

Where are the short sale homes in Brevard County, Florida located?

Where are the short sale single family homes for sale in Brevard County, Florida located?

This is only a snapshot as of this particular moment September 20 at 10:00 a.m.  The distribution is based on approximate east to west points across Brevard County indicated by the landmark or roadway. 

The numbers reflect an approximate percentage of the 730 active single family short sale listings as of this morning. 


I frequently receive questions about short sales in the Rockledge, Viera and Suntree areas (Zip codes 32955 and 32940).   Only about 11% of the short sales are in these two zip codes.

About 7% of the single family short sale listings are in Cocoa, Florida zip codes 32922 and 32926.

The distribution of short sale listings in Brevard County pretty much mirrors the distribution of foreclosure listings.  Coincidence?  Doubtful. 

If you are considering buying or selling a short sale in Brevard County, Florida, give me a call at 321-693-3850 or email me.   



Where are the Foreclosure (Bank Owned) Single Family Homes for Sale in Brevard County, Florida Located?

Where are the foreclosure (Bank Owned) single family home for sale in Brevard County, Florida located?  This is only a snapshot as of this particular moment September 19 at 3:00 p.m.

The distribution is based on east to west points across Brevard County indicated by the landmark.  This is a map based search. of the Brevard MLS system today.
  • Melbourne (US 192) southward County line – 50
  • Suntree Blvd to US 192 – 19
  • Barnes Blvd in Rockledge to the Pineda Causeway – 7
  • State Road 520 in Cocoa to Barnes Blvd in Rockledge  – 14
  • Titusville (Hwy 50 south)) to State Road  520  in Cocoa – 23
  • Titusville (Hwy 50 north) to County line – 22
The numbers above represent individual residential properties in the areas with an approximate percentage distribution shown on the map.

Knowing where the most foreclosures are located will help those looking to buy a foreclosure in Brevard County as they scout the homes on the market.

If you are considering a purchase of a short sale or foreclosure home in Brevard County, Florida, give me a call at 321-693-3850 or email meI will gladly send you listings. 


Monday, September 19, 2011

If your home has not been updated, do not expect to get an updated price. (Is “Un-updated” the same as "Outdated?")

I read an article this morning from a real estate lamenting the many original owner properties she had seen through the years.  She questioned the usefulness of the phrase “original owner” as a marketing tool (selling point).

My experience has been that by the time a house has been through a couple of owners or has been  lived in for a decade or more someone has done something to the home.  This is applicable regardless if original occupant or not.

And what has been done may or may not be good!   I can't recall how many times the home inspection results were fine except for what an overzealous home owner had attempted!

Given a choice between an outdated or non-professionally updated, from my experience I would opt for the original.   [And for all the English teachers out there.... I know “outdated” is the appropriate word and "un-updated" as used in the title is not really a word but it seemed to fit!]

As a seller, if your home has not been updated, do not expect to get an updated price.  Check out this article for which improvements are the most cost effective in 2011.

For information on Viera Florida homes for sale, cheap houses for sale in FloridaRockledge Florida homes for sale as well as central Florida 55+ communities, email me.





Cheap Houses For Sale in Florida - Florida real estate remains reality based.

Real estate is based on reality not fantasy.  That was my initial response when I read the contact email regarding Florida homes for sale (specifically central Florida 55+ communities including Heritage Isle in Viera). 

Of course, what is reality today could be fantasy next year. 

I know for a fact what was reality five or six years ago in Brevard County, Florida is fantasy today.

For example, Auburn Lakes in Viera is a very nice neighborhood in an excellent location with homes built in the 2003-2005 real estate era.

Homes in Auburn Lakes (located in Viera East) originally sold $250,000 to $300,000 plus.  So far in 2011 the home sales prices in Auburn Lakes have been from $112,300 to $170,000. 

This is the reality for the entire Brevard County, Florida real estate market.  

Buyers must be realistic in what they can buy for a particular price range.  Sellers must be realistic about what a buyer will pay for their home.

The last I heard appraisers were, for the most, basing their appraisals on reality.

The rest of us  (including Brevard County real estate agents) must as well.

When you are ready to  buy or sell in some of central Florida finest communities in Viera and Suntree, call me at 321-693-3850 or email me.

 

Sunday, September 18, 2011

Home Seller Tip: Your Listing Price - How? Why? Really?

I just saw a newer listing and the price confused me.   I know that particular Viera, Florida neighborhood.

The price was 50% higher than the other dozen or so listings in the neighborhood.  It was about 60%  higher than anything that has sold in the neighborhood this year! 

Is it an over improvement or an overly optimistic seller?

In today’s buyer market in Brevard County, an overly optimistic seller will eventually (if motivated) come around to market realities.

But, in any real estate market, an over improvement will likely never be recouped in a selling price.

When you are ready to build or re-model, keep this in mind.  I am frequently asked if putting in a pool will add value to a house.  My response is always the same.  Put a pool in if you are going to use it – not as a way to make money!

According to Remodeling magazine the best opportunity to recoup is found in door replacements (entry door and garage door) followed closely by a minor kitchen remodel.  Remodel efforts should be aimed at quality of life rather than being seen as a 100% return on your dollar.  So what if the kitchen remodel only returns 75% of the cost if you enjoy living with your new kitchen!

A word of caution here...do not confuse remodeling and improvement with necessary maintenance.



What your listing price should reflect?

Establishing a listing price (and hopefully a subsequent selling price) for your Brevard County, Florida home involves an evaluation of several issues.

First of all, the amount owed on the mortgage should not be the only basis of a price.  Nor should a pre-determined “walking away” amount.

Secondly, ultimately it is the market (buyer) who sets the real price.  As a seller your option is how you respond to an offer.

Your listing and eventual selling price should reflect
  1. condition – What is the real condition of your home?  What repairs need to be done?  Is your house datedHint:  Have a pre-listing inspection done. 
  2. motivationWhy are you selling?  Is there a need to sell?  Are you looking to sell, even for a lower price, so you can take advantage of the lower home prices?
  3. competition – What else is out there?  Similar homes, similar condition?  


Call me, please when you are ready to sell your Viera, Rockledge or Merritt Island, Florida home.


Home Seller Tips–The Most Used Room in the House Requires Extra Care

Now I have not read any surveys or done any research about this specifically but I do know this from experience.  The kitchen is one of the most used (and often messy) places in a home.

The kitchen and bathrooms are two of the critical features that influence buyers when shopping for a new home.

And for this reason it should be a place of major concern when preparing to sell. 

There are plenty of helpful lists available online that suggest things to look at when preparing your home for the market.  A very good list to look at is this one provided by Yahoo®! Real Estate. 

Remember, preparing your home for the market is not a one time thing but rather a constant challenge, especially if you have children! 

But, the good news is most buyers understand you are still living in your house.

A house that "sparkles" on the surface will sell faster than its shabby neighbor, even though both are structurally well-maintained.  Click here for hints from Realtor.com


Saturday, September 17, 2011

Chelsea Park–Short Sales Dominate Market in September 2011

Prior Sale in Chelsea Park
Recent Chelsea Park subdivision (Rockledge, Florida) real estate activity reflects primarily short sale activity with four homes going under contract since August 2011.  Three of these contracted properties are short sales.  The other property is a foreclosure.

Chelsea Park provides residents with a larger homes on larger lots (not zero lot line) in a superb location near top quality schools, shopping,  challenging golf courses like Turtle Creek Golf Course, restaurants and more.

Two homes recently sold in Chelsea Park for almost the exact price $198,000 although the houses were quite different.   A short sale at 417 Stonehenge Circle sold for $198,000 for a spacious 4 bedroom 3 bath pool home.

The other home selling is located at 437 Cobblewood Drive and sold for $198,500.  This 4 bedroom 3 bath 3 car garage home with 2,369 was a standard sale.

Currently there are three active listings in Chelsea Park.  One is a 3 bedroom 3 bath 3 car garage pool home with 2,215 sq.ft. (short sale) priced at $188,000.  Now this one really looks attractive for someone looking for lots of space in Rockledge or Viera!

The other listings are both 4 bedroom 3 bath homes (one a short sale pool home with a 3 car garage at only $228,900).   The other home is priced at $272,000 which seems a bit high for the location.

For information on homes for sale in Chelsea Park or the nearby Plantation Point subdivision give me a call at 321-693-3850 or email me.

Preparing Your House For the Market–Don’t Forget Safety and Security


Let’s face it – selling your home can be stressful.  When preparing a home for sale many sellers  often concentrate on curb appeal, de-cluttering, de-personalization,  cleaning and forget about about another important area – safety and security. 

As a seller you don’t know the people who will be entering your home.  Very often their real estate agent doesn't know them very well either. 

As a Realtor®  I have a plan for showing your home.   I keep the clients together as much as possible and in front of me which at times can be a challenge.

As a seller, I offer these additional considerations.
  1. Never open your door to a stranger who saw the sign and wants to look.  Refer them to your Realtor®
  2. Never let a real estate agent in unless you have been notified previously. 
  3. Pack away in a secure area anything that can be easily stolen like cash, credit cards, cameras, net books/laptop computers – anything that can be easily stolen.
  4. Secure any firearms.  Never leave firearms where they can be stolen or even worse, where a child can get their hands on it. 
  5. Guard your documents.  Identity theft is a major consideration.  Make sure any important papers (birth certificates, social security cards, bank information,  is secured. 
You just never know. 

Selling is stressful enough without having to deal with a safety and security incident or worse!

When you are ready to sell your Brevard County, Florida home, please contact me if I can help in any way.




Friday, September 16, 2011

National Home Values Survey Results by HomeGain for 3rd Quarter 2011 - Home prices predicted to go where?

It looks like the 3rd Quarter National Home Value Survey Results by HomeGain reveal nothing new – homeowners and real estate folks both feel like home values will decrease over the next six months!

An optimistic spin though could be the percentage of real estate agents/brokers and homeowners who think values will decrease in the next six months is less than the same percentage in the 2nd Quarter Survey.

According to the survey 22% of the real estate agents/brokers surveyed in Florida believe the values will increase in the next six months.

Click on this link to review the survey results. 

I was not surveyed about Brevard County, Florida but my opinion is prices may continue to drop a bit over the next six months.

I see no reason for real estate prices to increase in Brevard County, Florida although inventory is down to less than 3,300 active residential listings but with a higher than average 11% unemployment rate I doubt demand will go up.

It's a good time to find a bargain in Brevard County, FL!

Heritage Isle–Viera Builders Now Offering New Construction in Viera's Premier 55+ Community

I just found out this week that Viera Builders has started building in Heritage Isle, Viera’s premier 55+ community.

The new Marco Isle floor plan is a duplex style home (shared wall) offering a two car garage, a split plan (3 bedrooms 2 baths), 9’4” ceilings and plenty of space.

Very attractively priced at $159,900 this new Marco Isle plan looks like it will be quite appealing to those looking for a 55+ community in Florida!

Heritage Isle, located next to Duran Golf Course, offers a gated (24 hour staffed),community in Brevard County, Florida most desirable area – Viera.   Heritage Isle’s 21,000 square foot club house, tennis, pools, fitness center and more offer an

For information on the new Viera Builders model in Heritage Isle, give me a call or send me an email.

And for information on any other new construction (Lennar Builders, Burgoon-Berger)  in Heritage Isle, just ask!

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