Find Your Home!

Wednesday, October 30, 2013

Home Buyer Tips: Who said buyers are liars?

I read a comment a real estate agent recently that said "buyers are liars...tell you they want a a 3/2 and then buy a 2/2 town home."

Image courtesy of Stuart Miles at FreeDigitalPhotos.net
I had a couple of real issues with such a blanket statement.

First, buyers are not usually liars.

Buyers very often do not know what they want or the home buying process.  They may not understand the total financial obligation associated with buying a home.  They may not have a complete understanding of the what is available in their price range in a new area.

No, I do not believe buyers intentionally mislead anyone.

My main issue with the above statement is the real estate agent.  Specifically, the attitude the statement conveys.

The real estate process requires identifying the needs and wants.  The real estate process includes educating the buyers.  The real estate process involves providing all available information to allow the buyers to make an informed decision for themselves.

In the case referenced by the statement, I wonder why why the buyers went to another agent to "buy a 2/2 town home."

My guess is perhaps they found an agent who understood being a real estate agent is more than just selling a 3/2 because that is what they said they wanted initially!

If you are considering buying a house or condo in Brevard County, Florida, give me a call at 321-693-3850 or email me.   I understand what it is really all about - you!

If you are considering selling your Viera, Florida home, call me for a free market analysis.


agent@moving2brevard.com

Thursday, October 24, 2013

Buyers want to know (sometimes): Has anyone ever died in this house?

Image courtesy of Danilo Rizzuti at FreeDigitalPhotos.net
This question really rarely ever comes up.  I do recall being asked a few times though if "anyone has ever died in this house?"

Section 689.25, Florida Statutes, states that “[t]he fact that a property was, or was at any time suspected to have been, the site of a homicide, suicide, or death is not a material fact that must be disclosed in a real estate transaction.”

Still, for those who want to go one step further here is a new web site that will, for a $12 fee, provide you a report.

Will the information be accurate?   Here are a couple of disclosures from the web site owners.  DIH is the web site DiedinHouse.com :
  • "DIH makes no representation, implied or expressed, that all information placed on any DIH web site or application is accurate."
  • "DIH is not responsible for any loss in property value or real-estate sale of any properties."
My advice to sellers is always disclose anything that affects the property and its value.

As a Realtor®, when it comes to this question,  I say its your dime (or in this case, twelve bucks).  

As a buyer, if you desire to make this part of your due diligence, it is your choice.



Wednesday, October 23, 2013

Home Buyer Tips: How does a buyer decide which house is "the one?"

With the decreased inventory of "move in ready" homes for sale in Brevard County, Florida, the home choice decision for those moving to Brevard County can be even more difficult.

As a Brevard County, Florida real estate agent my goal is to identify and show homes that most closely meet my buyer's requirements.

If the buyer finds "the one," the decision is obvious and easy.  If the options include two or three contenders, then how do buyers decide which one is "the one?"

Many times the contenders resemble the tennis balls my Boston Terrier plays with - much the same on the outside.

They have the same characteristics - similar price, age, room count, garage size, same school district.  Sometimes they are even in the same subdivision.

So, how do buyers choose between equally appearing properties?

The easy answer seems to be "the best house at the best price." But how buyers define best varies greatly.

While price, condition, and location are important many times the decision rests with the "intangibles!" 

So how is a decision reached?

If a buyer is analytical they may resort to putting it on paper...pros and cons.   Or, perhaps the choice is best decided by remembering the initial response when the homes were first viewed.  What was that comment you made about loving or hating or whatever? 

Why my buyer client decides on a particular house is not as important as the fact they chose the one that they wanted!

After all, they called on me to help them buy a home in Brevard County, Florida

The Florida Residential Real Estate Contract - Serious Business

Image courtesy of 1shots at FreeDigitalPhotos.net
The Florida Residential Contract for Sale and Purchase sets the price and terms of a real estate sale.  It indicates there was "a meeting of the minds."

In the words of the contract "seller shall sell and buyer shall buy" as agreed upon.  I am not an attorney so this is not an interpretation of the language or an offer of legal advice.

Still, the residential contract may have contingencies to be satisfied for the transaction to proceed to closing.  These contingencies, including the inspection contingency or financing contingency, provide opportunities to terminate an agreement. 

But, outside of legitimate contingencies, buyers or sellers should think twice about just walking away from the deal. 

In my experience I think buyers and sellers very often take the real estate contract too lightly.  It is a serious obligation.  Any breach of the contract can have serious consequences.

There could be more at stake than just losing a deposit.  Speak with a qualified attorney before making a decision to walk away.

Again, I am not an attorney.

As a real estate agent I can't tell a buyer or seller what to do when it comes to terminating a contract outside of the contingencies included in the contract.

I will say only this.... the real estate contract is serious business.

Have a question about real estate in Brevard County, Florida?  Call me at 321-693-3850 or email me.

Monday, October 21, 2013

Short Sales Not So Common in Brevard County, Florida in September 2013

Short sales are becoming less and less of a player in the Brevard County, Florida residential real estate market.

Of the 626 single family homes sales as reported by the Florida Realtors® for September 2013 just more than 10% were short sales.  The best news is almost 61% were fair market sales.


For information on homes for sale in Brevard County, Florida send me an email.

Short Sales - Know the risks whether buyer or seller.

Although they are not the major player in the Viera and Suntree (Melbourne, Florida) real estate market they once were there are still some short sales on the market.  The actual number is eleven as of today.

A short sale is a situation where the probable selling price of a property will be less than the mortgage(s) owed.   Short sales require that any offer accepted by the owner be forwarded to the lender for approval (referred to as third party approval) which can take time - maybe six months or more!

Image courtesy of mrpuen at FreeDigitalPhotos.net
The above paragraph defines the risk.

The risk for the seller is the foreclosure process may still be going forward even though a short sale offer is being processed.   The risk for the seller is an approval will come but with conditions requiring monies be paid or a separate note for the difference be signed.

The risk for the buyer includes the aboveIf the lender forecloses or a deal can't be worked out between seller and their lender, then the deal is dead.

An additional risk for the buyer is the property condition.  Most buyers wait until the approval is received before going forward with a home inspection.  Why risk three or four hundred dollars now for a home that may not even be approved for sale?  

In a market where the prices are increasing the six months of sitting and waiting may cost more than the "deal" potential of the missed short sale.  Many times the money lost with a bad inspection is rewarded with a better price on a replacement property.

With a short sale some things are a gamble.  Know the risk.

Considering selling your Viera Florida home?  Call me at 321-693-3850 or send me an email for a free market analysis.

Florida Homes for Sale - Brevard County, Florida Single Family Home Sales September 2013

The below Brevard County, Florida single family home sales data for September 2013 was compiled by the Florida Realtors®.

Almost all positive signs here...higher median sales price, higher average sales price including fewer days on the market. 

The negative - if you are looking to buy a home in Brevard County, Florida the inventory is shrinking.



Home Buying Process: What is a "Walk Through Inspection?"

What is a walk through? 


Saturday, October 19, 2013

Choosing Your Viera, Florida Real Estate Agent: Questions to ask potential listing agents

When interviewing a real estate agent to sell your Viera, Florida home most home owners lead off with the biggie...."What is my home's value?"

Image courtesy of Stuart Miles at FreeDigitalPhotos.net
The answer to that question is not really an easy one as it requires a knowledge of the real condition, the reason(s) for selling and the completion of a comparative market analysis

What should be a prospective seller's next question?

While there are multiple questions to screen your potential agent to sell your Viera, Florida home,  I suggest one of the key questions include "How will you market my home?"  What is (are) the best methods of marketing to sell your home?

Marketing must be geared to who and where your potential buyer pool is located.  In today's world it is very likely online although other methods including print, direct mail and open houses can have a place as well.

While there are many questions to ask when interviewing real estate agents to sell your home, I think there are two questions more questions that should be included with the ones mentioned above. 
  1. How long have you been in the real estate business?   Having gone through a real estate market shakedown over the past six or eight years, I think the  real estate agents who were in the business before and remain in the business show a lot of characteristics that are key.  Things like tenacity, creativity, stick to it ability, managing budgets, achieving results!  (I have heard the number of real estate students is increasing now the market is back!)
  2. Have you ever sold any homes in my neighborhood?  If so, when and what type of sale?   I have written this many times – local knowledge is critical.   Neighborhood knowledge is important. 
If you are considering selling your Rockledge or Viera, Florida home, call me at 321-693-3850 for a free comparative market analysis.


Thursday, October 17, 2013

Selling your Home: It is Perfect!


Image courtesy of Master isolated images at FreeDigitalPhotos.net


What do sellers think when they place their house on the market?
"My home is in the perfect location.  My home has the perfect layout. I have the perfect neighbors.  My yard is impeccable. My home has the perfect price!"
What will buyers think when they see your house?

Will they remember the clutter?   Or all those pictures on the walls and the hundreds of refrigerator magnets?

Will they remember the outdated wallpaper with floral patterns (or my favorite chickens and roosters) or the highly personalized paint?

 Your house may not really be perfect but it can be presented perfectly.  It can be clean and orderly with few distractions.

Will they remember your house as the one that was clean, neutral colors, fresh paint on the walls, that had  nice landscaping, or the refreshing smell?

Your house may not really be perfect but it can be presented perfectly.

Your house may not really be perfect but it can be priced perfectly.

Ready to sell your Viera, Florida home?  Call me at 321-693-3850 for your free market analysis.





 

Wednesday, October 16, 2013

Government Shutdowns, Interest Rates and the Housing Market

The majority of Americans have not been touched by the government shutdown.  Still, even if one has not been impacted directly, the unknowns can create an uncertainty.

Image courtesy of Stuart Miles at FreeDigitalPhotos.net
Lets face it... day to day life for many has not changed.

But what about mortgage interest rates?  They are currently very attractive.  Where will they be next month? 

What about home prices?  Residential prices have been rebounding.  Will the trend continue?   Will the housing market survive unscathed?

Without getting into the politics I suggest if you are in the real estate market, either as a buyer or seller, continue forward.  The home purchase process usually takes a month or two for a routine closing.

A resolution will be forthcoming.

I believe, in the end, cooler heads will prevail

That is my opinion...and I will not negotiate on that!

Thinking about selling your Viera, Florida home?  Call  me at 321-693-3850 or email me for a free market analysis.

Tuesday, October 15, 2013

Fairway Lakes at Viera - Market Activity October 2013 - Viera Homes For Sale

Currently there are five homes for sale in Viera's Duran Golf golf course direct community of Fairway Lakes at Viera

Located near The Avenues at Viera shopping mall, the new Viera Hospital,  Viera High School, and more, Fairway Lakes at Viera offers homeowners a great locationquality homes and very reasonable prices!  

List prices for these homes range from $439,722 to $639,900.   Homes for sale include new construction by Viera Builders and resales by various builders including Toll Brothers.

In somewhat of a price split there are three homes listed below $500,000 and two listed above $600,000.

All of these homes have tile roof, custom features and 2,800-4,000 square feet under air.  Some have pools and some have three car garages and all have a very desirable address in Fairway Lakes at Viera.

Since July 1, 2013 there have been three homes sold in Fairway Lakes at Viera.

  • 6345 Arroyo Dr - A 2012 built Arthur Rutenberg pool home sold in September 2013 for $669,000. This three bedroom three bath three car garage home is currently being used as the Arthur Rutenberg model home in Fairway Lakes at Viera.
  • 3040 Refuge Ct - Selling in August 2013, this 2007 Toll Brothers built home with three bedrooms three and a half baths and three car garage sold for $590,000.
  • 6455 Arroyo Dr - A 2007 built 4 bedroom 3 and a half bath 2 car garage pool home sold in September 2013 for $425,000.

Whether looking for a re-sale or new construction, Fairway Lakes at Viera deserves a look if you are considering a gated executive community in one of Brevard County, Florida's most desirable areas. 







Monday, October 14, 2013

Home Seller Tips: Why do I recommend sellers review "their" MLS entry as soon as possible?

Why do I recommend sellers review "their" Multiple Listing Service MLS entry as soon as it is placed in the Realtors® data sharing system?

So they know...
  • what I have said about their house.
  • what items of equipment and personal property are included such as appliances, window treatments, etc. to prevent potential misunderstandings later.
  • what the public sees when they decide to see or not see their house. 
  • they can provide input or recommend any changes.  I must admit I have worked with a few writers and English teacher sellers through the years.  And I am not an expert at writing! 
But what is the most important reason a seller should review their MLS listing? 

To make sure the home's strongest positives are reflected in the usually abbreviated narrative. Whether its the neighborhood/location, the view, the layout or whatever.  While most real estate agents have hopefully already included this information in their marketing plan, it is always good to know it is there.

What a seller loves the most about their home may just be the thing the buyer will be most attracted to as well.
 

Friday, October 11, 2013

What did $200,000 buy in Viera, Florida during September 2013?

Image courtesy of Stuart Miles at FreeDigitalPhotos.net
How much house can $200,000 buy in Viera, Florida? 

Most of the time buyers like to approach the home purchase process with "What can I get for $XXX in wherever?"

In a time of rising prices the answer may not be based on what has sold in the previous few months.  That is because many times the closing took place one to two months after the contract date

Still, even with upward pressure on the prices, recent sales prices can be a useful measure.  This is a sampling of homes sold in the Viera area during September 2013 for approximately $200,000.
  • 5390 Somerville Drive in the Somerville subdivision sold for $200,000 (3 bedroom 2 bath 2 care garage with pool). On the market for 3 days. 
  • 1372 Keys Gate Drive in the 55+ Grand Isle development sold for $195,000 (2 bedroom 2 bath 2 car garage home with 1,545 sq ft). On the market for 10 days.
  • 2110 Lionel Drive in Six Mile Creek sold for $202,000 (3 bedroom 2 bath 2 car garage pool home with 1,755 sq ft).  On the market for 24 days. 
  • 779 Thrasher Drive in Herons' Landing subdivision sold for $200,000 (3 bedroom 2 bath 2 car garage pool home) .  On the market for 88 days. 
  • 1290 Worcester Way in the Auburn Lakes subdivision sold for $199,700 (4 bedroom 2 bath home with 1,911 sq f0).  On the market for 7 days. 
  • 1112 Brumpton Place in Auburn Lakes sold for $190,000 (1,911 sq ft 4 bedroom 2 bath 2 car garage home).    On the market for 7 days.
To gain a real feel for the Brevard County real estate market consider the days on the market for these homes.

When you are ready to buy or sell your Viera, Suntree or Rockledge home please call me to discuss what I can do for you.



Image courtesy of Stuart Miles at FreeDigitalPhotos.net


Wednesday, October 09, 2013

Chelsea Park in Rockledge, Florida - Market Activity October 2013

Chelsea Park subdivision in Rockledge, Florida is within a few miles of several excellent golf courses,  convenient to Viera and its The Avenue shopping complex, excellent schools, parks Viera Hospital and much more.

Chelsea Park's proximity to I-95 and US 1 make it an excellent central Brevard County location whether one is working in Melbourne, Patrick Air Force Base or even Orlando.  

Currently there are six homes for sale in Chelsea Park located in Rockledge, Florida.
These homes are priced from $159,900 ( a foreclosure) to $349,000.  Four of these listings are afford-ably priced at or below $254,000.

Not for sale - previous listing by author
The two $300,000 plus listings are larger than most of the other homes with over 3,000 sq. ft. under air.   Both of these homes have five bedrooms.

The other homes are not small and range from about 1,600 sq.ft. to 2,600 sq. ft. under air.  Of the six homes for sale in Chelsea Park there is one foreclosure and one short sale listing.

Buyers have been actively shopping in Chelsea Park over the past month with three of the five homes under contract being contracted during September.  (This is the time to sell with inventory low, prices rising and multiple offers being common.)

The last two homes to be sold in Chelsea Park closed back in July 2013.  These two sales were both standard sales.
  • 425 Stonehenge Circle  sold for $235,000.  This 4 bedroom 3 bath 2 car garage home with 2,416 sq ft was on the market for only 34 days.
  • 408 Lenore Court a  4 bedroom 3 bath 3 car garage home with 2,342 sq ft under air sold for $212,500.  It was on the market for 36 days.

For information on Chelsea Park subdivision in Rockledge, Florida, call me at 321-693-3850 or email me.


Plantation Point subdivision in Rockledge, Florida - Notmany homes for sale, but still a lot of variety.

Plantation Point subdivision, located off Barnes Blvd in Rockledge, Florida offers larger homes at "not so large" prices.

Within a few miles of several excellent golf courses, Plantation Point is convenient to Viera, shopping, excellent schools, parks and more.  Plantation Point's close proximity to I-95 and US 1 make it an excellent central Brevard County location whether one is working in Melbourne, at the Space Center or even Orlando.

Currently there are five homes for sale in Plantation Point located in Rockledge, Florida.

These homes are priced from $249,000 to $338,580.  On a positive sign for the market in Plantation Point, all of these listings are standard sales.

These homes are not small with sizes ranging from 2,000 sq.ft. under air to almost 2,500 sq.ft.  There are a couple of homes with pools, some with three car garages, and some with fireplaces.  Some have pond views while others conservation area views.  Most of the homes are four bedroom with three bathrooms.

Although there are not a lot of homes for sale, there is a lot of variety in these homes.

Only one home sold in Plantation Point in September 2013.    This foreclosure was a 3 bedroom 3 bath pool home located at 227 Pebble Hill Way which sold for $225,500.   Prior to September the last home sold in August 2013  was a standard sale which sold for $260,000.
    For information on buying or selling a home in Plantation Point subdivision in Rockledge, Florida, call me at 321-693-3850 or email me.


    Tuesday, October 08, 2013

    Brevard County, Florida Real Estate: Buy, Sell or Wait?

    Real estate prices are rising.  At some point this will become a trend.  And when the trend  is documented people will likely do one of two things:  (1) Take the plunge and buy now.  OR  (2) Climb on the fence to await an eventual market change.

    Most markets, including real estate, are cyclical.  Predicting the start, end or any point in a cycle is usually done by "experts"  after the fact upon gathering and analyzing the data.

    If you are considering purchasing a new home in the near future how will your decision be made?  

    Who really knows how the markets will behave in the future?  Where will interest rates be?   What about the inventory?  What about prices? 

    What has the trend been in Brevard County, Florida for the past twelve months?  Judge for yourself.   To wait is to gamble things will be more favorable down the road.  Will they be?

    (The above charts represent the past 12 months of residential activity in Brevard County as extracted from the BREVARD MLS system today.)

    If you are considering buying or selling a home in Brevard County, Florida, give me a call or send me an email if I can help in any way.





    Monday, October 07, 2013

    Ventura at Turtle Creek in Rockledge, Florida - Market Report October 2013

    What is for sale in the gated Ventura at Turtle Creek condo complex in Rockledge, Florida as of October 7, 2013?    What floor plans are available in The Ventura at Turtle Creek?

    Currently there are only four active listings at The Ventura at Turtle Creek.  Listing prices range from $84,000 to $129,900 (two regular sales,a foreclosure and one short sale).  Three units appear to have the one car carport option instead of the single garage many buyers prefer. [The bank owned unit does not identify any parking.]

    Currently there are seven units under contract awaiting approval or closing (most are short sales or foreclosures).

    During September 2013 there were only two units sold - both short sales.  One unit was a 3 bedroom 2 bath with 1,412 sq ft under air which sold for $105,000.  The other unit, a 3 bedroom 2 bath unit with 1,247 sq ft, sold for $100,000.  This unit had a carport while the other did not identify any parking.

    The floor plans offered include:
    • Napa - 1,112 sq ft under air, 2 bedrooms (end unit)
    • Sonoma - 1,247 sq ft under air, 3 bedrooms/2 bath (corner unit)
    • Santa Rosa - 1,412 sq ft under air, 3 bedrooms/2 bath
    • Santa Cruz - 1,391 sq ft under air, 3 bedrooms/2 bath
    • Santa Anna - 1,447 sq ft under air, 3 bedrooms/2 bath
    Although the buildings are four stories, elevators make it easy to get up and down at The Ventura at Turtle Creek.  Some units offer a single car garage while others have single carports with a storage room.   The homeowner's association fee (approximately $325 per month)  includes the community pool, 4 pavilions, clubhouse, gated entrance, lawn maintenance and maintenance of the building.

    If you are interested in a Rockledge or Viera area condo, check out The Ventura at Turtle Creek. gated community, next to the almost world famous Turtle Creek Golf Course (OK, not that famous!).

    And if you are an owner looking to sell your Ventura at Turtle Creek condo call me at 321-693-3850 or email me.











    Friday, October 04, 2013

    Find a Brevard County, Florida Realtor® - You are hiring the real estate agent...not some company.

    Last week a gentleman asked me how I got customers if I was not part of a national franchise real estate company.  I gave him the 60 second answer.
    "I market myselfI am the product my customers hire. I promote myself on the Internet as well as with occasional newspaper articles not some company name.  I have past clients who refer folks to me as well as repeat business. I occasionally use direct mail.  It has been many years since someone told they called me because of a franchise name. They call me because I deliver results."
    If you are looking to hire a real estate agent to sell your Viera, Florida home you are hiring the real estate agent - not the company or franchise.

    Buyers do not choose to only look at homes listed for sale by national franchise companies.

    What should you look for in your real estate agent?   A real estate agent who will be there to guide, counsel and keep you focused on your goal.

    Here are a few articles on how to choose your real estate agent.

    If you are considering selling your Viera, Suntree or Rockledge, Florida home, call me at 321-693-3850 to discuss how I can work with you!


    Thursday, October 03, 2013

    Plantation Point Subdivision in Rockledge, Florida - Market Report October 2013

    Near the border of Viera, Florida is Plantation Point subdivision in Rockledge, Florida.  Plantation Point offers newer homes at attractive prices in an area close to shopping, superb schools, several golf courses and more.

    Located just off Barnes Blvd, Plantation Point is very convenient to major highways (I-95 and US 1) and a very easy commute to the beaches and Orlando.

    Although the market is heating up and inventory continues to shrink, Plantation Point still presents attractive buyer opportunities.

    As of today there are six active listings in Plantation Point priced from $225,000 to $338,500.   All six listings are standard sales - a reflection of the improving market in Brevard County. All of these homes were built between 2004 and 2006 and are generally 2,000 to 2,5000 sq ft under air with two or three car garages.

    As for homes sold in Plantation Point there have been four homes sold in Plantation Point since July 1, 2013.  The selling prices ranged from $225,500 (the only foreclosure) to $280,000.  Over the past several months the average days on the market for listings has been about 30 days.

    If you would like information on any of the homes for sale in Plantation Point or the Rockledge or Viera area, please feel free to contact me at 321-693-3850 or email me.

    Wednesday, October 02, 2013

    Home Seller Tip - Vanilla, no sprinkles please!

    Image courtesy of Idea go at FreeDigitalPhotos.net
    When it comes time to sell your house, no matter how colorful your personality and decor are, think vanilla.

    A properly prepared home will fit these characteristics.
    • Cleaned.  Lets face it. This is the most basic of all preparation steps.  No lectures here. 
    • Neutralized.  No bright highly individualized paint schemes. 
    • Clutter free zone.  Get rid of the "stuff."  Anything that can distract a prospective buyer will distract a prospective buyer.  All those collectible toys, bells or whatever...pack them away!  And all that extra big over-stuffed furniture that makes the room look small, get rid of it too!
    • De-personalized.  It is not necessary to showcase awards, trophies and diplomas.  Get rid of the pictures.  It is OK to leave some but clear the refrigerator.  If that paint was "neutralized" earlier, don't put pictures back up.
    Put very simply, a properly prepared property is like ice cream....just vanilla ice cream with none of the sprinkles!

    Here are a few additional articles about preparing to sell your home.


    Tuesday, October 01, 2013

    Have a Question About Brevard County, Florida?

    Image courtesy of Stuart Miles at FreeDigitalPhotos.net
    A few days ago I received a call from an out of state man with questions about the Rockledge, Florida area.  As one who specializes in the Rockledge and Viera, Florida real estate market I was happy to answer the questions.

    Eventually when it was hinted he may be moving to Brevard County in the future I asked if he was working with a real estate agent. 

    He said no but when he does decide to move he will call his cousin's son.

    Two thoughts entered my mind.

    First, I thought of one of my favorite movies - My Cousin Vinny - starring Joe Pesci. 

    In the movie a couple of guys were facing a major life changing issue - a murder charge.  And they chose to be represented by a hapless inexperienced lawyer who was a relative.

    Secondly, I figured my Internet presence providing information about Rockledge, Viera and Brevard County, Florida made me the go to expert.... or was that the Welcome Wagon?

    Have a question about Brevard County, Florida?    Call me at 321-693-3850 or email me.


    Brevard County, Florida Real Estate: Are short sales becoming the exception in a market where they once ruled?

    Are short sales becoming the exception in a market where they once ruled?  As of this morning there are 2,499 active single family home listings in Brevard County, Florida.  Of these, there are only 197 short sale listings (7.8% of single family listings). 

    Looking over the unofficial early sales statistics in the Brevard MLS system for the month of September 2013 it looks that way.

    Not one of the three major residential sales classifications (single family detached, condo, townhouse) had short sales that comprised more than 10% of the September 2013 sales (as of October 1, 2013 reported closings).

    What about foreclosures?  Unofficially I have calculated the single family home foreclosures sales about 28% of all closings.  For townhouses the percentage of foreclosures was even higher - 36% while condo sales were about 25% of all September sales.

    The good news is that within all three classifications more than 62% of all closings are fair market sales.

    If you were thinking about buying a short sale in Brevard County, it behooves you to act soon or expect to settle for another choice.
     


    Follow by Email