You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!
Fun for the entire family to celebrate Independence Day and watch spectacular fireworks along the Space Coast of Florida!!
Port Canaveral - Fireworks over the Harbor
Cocoa Beach - Fireworks over the ocean!
Titusville - Red, White & Boom event at Sand Point Park
Cocoa Village - Riverfront Park
Viera - USSA Space Coast Complex in Viera
Melbourne - Front Street
Palm Bay - Eastern State College
Pt St John - OUC Indian River Plant
The most important thing on every seller’s mind is the listing price. No one wants to leave money on the table by pricing a home too low. At the same time, pricing the home too high will also likely result in lost dollars either from wasting valuable time on the market or once stale, selling for below market value in desperation. Getting a professional appraisal ahead of time might seem like the solution, but is it?
An appraisal can be defined as an opinion of value at a given moment in time. If you are in an ascending market where listings are selling quickly, the appraiser can only use closed sales as a reference in the appraisal, so you might be tempted to list too low for the market, but not accounting for the increase in sales activity and prices. Contrarily if the market is slow and prices are declining, an appraisal received in May could be too high for the erosion of prices seen over the summer, and your listing will be overpriced for the reality of the neighborhood.
More than just these scenarios, a pre-listing appraisal means nothing to the buyer or their lender. They will still use market data to write their offer and their lender will order a new appraisal regardless. While you can reference your appraisal in negotiations, the buyers will still only offer what the property is worth to them and you might miss out on a great deal by trying to stick to your price.
In the end, a pre-listing appraisal is probably a waste of time and money. As your agent, I have access to the latest market data and can show you the same comparable properties the appraiser would use. Find a good local agent you trust and work with them to price your home correctly.
Building a new home from scratch can be a dream come true. The idea of designing the perfect property with morning sun in the kitchen and evening breezes on the deck can be exhilarating; the first step to a successful project is finding the right piece of land on which to build. This can present challenges if not approached correctly.
Top Tips When Buying Vacant Land
Hire Experience – More than most real estate transactions, it’s critical to hire an agent who specializes in vacant land purchases and can guide you through the steps.
Expect to Pay Cash – Finding a lender for vacant land can be very difficult. Those who will finance land typically require a 50% or higher down payment and above average interest rates and terms.
Get the Neighborhood Comps – Do not neglect to understand home values in the community so you do not over, or under, build your home.
Do Your Due Diligence – It is critical to research the property thoroughly. Just a few considerations much include.
o Site Surveys and Environmental Testing
o Easements and Zoning Restrictions
o Lot Survey and Boundaries
o Utilities and Water Rights
Once you’ve completed these preliminary reviews, it’s time to consult with an architect and General Contractor who will then begin to develop concept drawings to consider. Even at this stage, you might find that the home you want is not appropriate for the land you’ve chosen. Staying flexible is a key component to searching for land; remember that by following a few tips, you can ensure you find the right lot for your dream home.
Crafting the perfect lifestyle is about more than just the size of the kitchen or the space in the backyard. The community in which the home is located is almost as important to quality of life as the home itself. As more and more properties are developed in master planned communities, the home buyer is accustomed to considering neighborhood amenities as part of the package. Here are the most popular community amenities in 2019.
Parks and Green Space – Topping the list of desired amenities is green space. Studies show that as home buyers seek smaller square footage, they also are seeking outdoor space from the neighborhood.
Trail Systems – Along the same lines as green space and parks is the desire for trails throughout the community. Home buyers are interested in both paved and natural trails for walking, hiking or biking.
Resort Style Pool and Clubs – Pools and clubhouses have become more elaborate over the past decade and home buyers expect their community pool to feel like a vacation spot in style, size and extras, such as towel service and snack bars.
World Class Gyms and Courts – Exercise rooms and courts are also expected to rival the best paid clubs in the area.
Main Street Village Centers – As developers create their neighborhoods, daily necessities must be readily available. Artfully designing the shopping area to include a main street feel is a huge plus to home buyers.
Lifestyle is a complete package. With the appeal of smaller homes and nomaintenance properties, home buyers are seeking the extra space in their communities, replacing large private yards with community space and amenities.
Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!
You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.
We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.