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.