Brevard County Real Estate News

July 19, 2017

Benefits of Homeonwership


According to Freddie Mac, there are 5 Benefits of Homeownership that should top the list! 

Equity over time

Stable Monthly Payments

May have some tax benefits

Pride in Ownership

Builds Community

 

For full Article

July 19, 2017

Stunning Home In Gated Ravencliffe Subdivision / Viera!

5303 Picardy Ct. Viera, FL 32955

 

This Impressive Home rests on a Lovely Large pie-shaped Water Front site on a Serene cul-de-sac in highly sought after Ravencliffe. Upon entry you are greeted into Large Living Space featuring beautiful diagonal laid tile, built in features & triple sliders to Resort Style Pool area. Wonderful floor plan provides 4 bedrooms on main floor+additional Bedroom, Full Bath & Bonus area on 2nd floor. Kitchen offers handsome 40'' Cabinets w/ Rope Molding, Stainless appliances & Brfst Nook w/Picture Butted Glass Window to Pool view. Step outside & enjoy Large Brick Paver deck, Inviting Custom Luxury Pool & Spa w/lighting, Awesome Palm Trees & Lake around Perimeter of site. Additional features: oversized garage w/room for golf cart and/or workshop, new carpet, and more!

 

For Additional Information: 

http://www.flexmls.com/share/zEnB/5303PicardyCtRockledgeFL32955

or Contact  Barbara Lyn 321-508-5650

July 12, 2017

4361 Davidia Drive

Just Listed

4361 Davidia Dr. Melboure, FL 32934

Beautiful home just listed in popular Windover Farms

Melbourne, FL 

Beautiful home located on .52 acre in Popular Windover Farms of Melbourne. Situated on a large corner lot, this home greets you with wonderful circular drive and large soaring trees. Home features open kitchen design flowing into breakfast nook and great room. Kitchen offers Tall Cabinets with molding and under cabinet lighting, great island with stove, and Pantry for plenty of storage. French doors from living area open to large lanai. Awesome split floor plan currently set up as 3 bedrooms, office with closet (4th) Plus office/den off master. Formal Dining area with trey ceilings and lighting for entertaining. Enjoy out door living with great under truss patio space, pebble stone pool, and beautiful corner lot yard.

For Additional Information:

http://www.wesell321.com/property/788721/?addrs=1

April 13, 2017

510 Majorca Ct. Satellite Beach, FL 32937

510 Majorca Ct, Satellite Beach, FL 32937

Live your dreams...Walk to the beach!  

Wonderful property offers Balcony beach view for amazing Sunrises!  

Nestled on cul-de-sac this property is custom designed.  Provides wonderful airy living space providing plenty of natural light.  Enjoy balcony/deck beach view or additional outside patio space.  Master suite on first floor with 2 loft style rooms upstairs.  

For Additional Information: http://www.flexmls.com/share/peee/510MajorcaCtSatelliteBeachFL32937J 

 

 

April 7, 2017

Which Homes Have Appreciated the Most in 2016?

 

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

The CoreLogic report broke down appreciation even further into four different price categories:

  1. Lower Priced Homes: priced at 75% or less of the median
  2. Low-to-Middle Priced Homes: priced between 75-100% of the median
  3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median
  4. High Price Homes: priced greater than 125% of the median

Here is how each category did in 2016:

Which Homes Have Appreciated the Most? | Simplifying The Market

Bottom Line

The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.

March 29, 2017

Beautiful Sunny FL!

March 21, 2017

4 Great Reasons to Buy This Spring!

 

 

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage 

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

March 14, 2017

How to Get the Most Money When Selling Your Home

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In reality, this just dramatically lessens the demand for their house (see chart below).

How to Get the Most Money When Selling Your Home | MyKCM

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive, as the seller likely believes that he or she will net more money if they don’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the National Association of Realtors revealed that:

“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

 

March 14, 2017

The Difference an Hour Makes - Spring 2017

 

 

Impact of an Hour in Real Estate Market Today!  

March 7, 2017

Thinking of Selling? Do It Today!

 

That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”

And CNBC says consumer confidence in the economy is fueling the market:

“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 7.1% from the same time last year.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.