Real Estate Scoops for FL Space Coast
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Real Estate Scoops for FL Space Coast
                 ***************  CONTACT Agi Anderson 321-698-0021 or TextAgi.com  ***************         Agi and her team scour the web for List an Sell Property Real Estate Scoops for Florida's Space Coast. We keep current with what's going on with homes and investment properties for sale, real estate market trends,  property values and more.  
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Where is real estate investing most profitable? Head south

Where is real estate investing most profitable? Head south | Real Estate Scoops for FL Space Coast | Scoop.it
GOBankingRates reviewed the top 61 largest cities for population and employment growth, two strong conditions for real estate investment profitability.
Agi Anderson's insight:

Three out of the 10 are cities located in Florida, the sunshine state. We think there are great investment property opportunities on Brevard's Space Coast too! TextAgi.com

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Why your contingent offer to purchase won't be accepted 

Why your contingent offer to purchase won't be accepted  | Real Estate Scoops for FL Space Coast | Scoop.it
Trying to purchase a home when you still have to sell your current home is difficult. The likelihood of getting a contingent offer accepted in good and bad real estate markets is slim.
Agi Anderson's insight:

Diva's Collaborative Commentary
Many buyers attempt to initiate a sale, contingent on selling their personal residence. Typically this is not advantageous to the seller. The Space Coast Association of Realtors allows agents to implement a kick out clause but the property does not remain active. in the MLS, which makes it difficult to be seen by other potential buyers.

Timing two transactions is difficult. In today’s market, you  may or may not sell your home quickly. If you're a buyer, with a home to sell, your best bet is to put your home on the market for sale. This post discusses various options if you sell before finding another home to buy. Get fast assistance TextAgi.com

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Janet Howcroft's curator insight, December 1, 3:52 PM

Trying to purchase a home when you still have to sell your current home is difficult. The likelihood of getting a contingent offer accepted in good and bad real estate markets is slim.

 - May 5, 2013
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Zillow CEO Spencer Rascoff Sold Home For Much Less Than Zestimate

Zillow CEO Spencer Rascoff Sold Home For Much Less Than Zestimate | Real Estate Scoops for FL Space Coast | Scoop.it
Zillow CEO Spencer Rascoff may have recently given real estate agents a gift: a sure-fire way to show that Zestimates can miss by a mile.
Agi Anderson's insight:

Agi Anderson, the Florida Property Diva and the curator of Space Coast Real Estate Scoops, recently sold a home in Cocoa Beach. Agi sent the seller an RPR Value Report from the local multiple listing service that stated $325,000 as the value. The seller was somewhat shocked because the Zestimate she checked on Zillow showed $386,000 as the value.

 

The problem is, owners believe that the Zestimate is accurate and it takes considerable persuasion to get them back to reality of what the true value is for their property.

 

Zillow CEO Spencer Rascoff may have recently given real estate agents like Agi a gift they won’t soon forget: a sure-fire way to show that Zestimates can miss by a mile. How? By selling a property for much less than its Zestimate.

 

“The fact that we missed and there are empirical reasons we missed — that’s a great conversation that real estate agents should have” with consumers, he said, citing the property’s irregular lot and location on a busy road as partly responsible for its Zestimate’s inaccuracy.But he expressed hope that, in the same discussion, agents also won’t instill “data nihilism” in consumers, and that they acknowledge that humans also can miss the mark.

 

Key Takeaways

  • Agents can demonstrate the Zestimate's shortcomings by showing the discrepancy between the sales price of a home formerly owned by Zilow CEO Spencer Rascoff and its Zestimates.
  • Luxury home Zestimates are more likely to be off than others due to 'non-quantifiable facts.'
  • Irregular lot sizes or proximity to 'arterial' roads can sometimes throw off Zestimates.
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10 Really Smart Ideas about Selling a Home

10 Really Smart Ideas about Selling a Home | Real Estate Scoops for FL Space Coast | Scoop.it

10 Really Smart Ideas about Selling a Home. Find out about the smart ideas to selling your home TextAgi.com

Agi Anderson's insight:

My pal Lynn Pineda, who is a licensed real estate agent in Southeast Florida came up with 10 Really Smart Ideas that apply to selling a home on the FL Space Coast.

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Lynn Pineda's comment, November 11, 9:07 PM
Thanks for sharing Agi!
Janet Howcroft's curator insight, November 15, 11:01 AM

great ideas to sell your home

 - October 16, 2015
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24 Suggestions of What Not to Do in the Front of Your House.

24 Suggestions of What Not to Do in the Front of Your House. | Real Estate Scoops for FL Space Coast | Scoop.it
Can you imagine trying to sell your house if the front of the house and yard just doesn’t look right? Do you think that potential buyers will walk past the mess in the front yard and walk in the house without noticing? Here are 24 don’ts in the area of curb appeal you will want…
Agi Anderson's insight:

Curb appeal is king! The front of your property makes the first impression when selling. The post by Kinship Real Estate in Houston Texas shares excellent suggestions of "what NOT to do" in the front of your house. Contemplating selling on the FL Space Coast? TextAgi.com

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Janet Howcroft's curator insight, November 15, 5:41 PM

this is way too much 

 - November 2
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This Financial Bubble Is 8 Times Bigger Than The 2008 Subprime Crisis 

This Financial Bubble Is 8 Times Bigger Than The 2008 Subprime Crisis  | Real Estate Scoops for FL Space Coast | Scoop.it
This isn’t a cause for panic or to assume that the financial system is going to crash tomorrow. But it’s clearly a disturbing trend... the proverbial powder keg in search of a match. And when future pundits write the history of the financial crisis to come, whether it happens today, tomorrow, or years from now, you can bet they’ll wonder how the entire system failed once again to see something so dangerous... and so obvious.
Agi Anderson's insight:

According to Tyler Durden with Zero Hedge, today’s bubble is EIGHT TIMES the size of the last one, with more than $10.4 trillion worth of government bonds that yield negative interest. There are resemblances from the last financial crisis in our real estate market which cause me concern, what about you?

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Are We Heading for Another Housing Crisis?

Are We Heading for Another Housing Crisis? | Real Estate Scoops for FL Space Coast | Scoop.it
While the economy and home prices have both rebounded, some people have expressed concern we are headed for a repeat housing bubble. As of January 2016, home prices were rising at a rate twice that of inflation, according to the S&P/Case-Shiller U.S. National Home Price Index.
Agi Anderson's insight:

Startling facts were presented in "The Big Short" a must movie based on actual events of the housing crisis 10 years ago. Today’s market may seem to be improving: distressed sales are down, home prices are up and less needs to be saved to make a down payment, but could these factors ultimately lead to the next housing crisis? Stay tuned ... more scoops coming form Agi Anderson the FL Property Diva

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Housing Market Forecast : Experts Weigh In On 2017 Real Estate | Mortgage Rates, Mortgage News and Strategy

Housing Market Forecast : Experts Weigh In On 2017 Real Estate | Mortgage Rates, Mortgage News and Strategy | Real Estate Scoops for FL Space Coast | Scoop.it
2016 was a stellar year for real estate. But will real estate be a good value in 2017, and should sidelined home buyers buy now or wait?
Agi Anderson's insight:

This market does resemble the real estate market we experienced 10+ years ago. It will be interesting to see what takes place in 2017. Agi Anderson the FL Property Diva will keep you posted.

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Janet Howcroft's curator insight, November 1, 4:43 PM

2016 was a stellar year for real estate. But will real estate be a good value in 2017, and should sidelined home buyers buy now or wait?

 - October 12
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Key points in buying short term rentals | Freeline Media Orlando

Key points in buying short term rentals | Freeline Media Orlando | Real Estate Scoops for FL Space Coast | Scoop.it
Agi Anderson's insight:

Central Florida is one of the top destinations not only for tourists, but for short-term rentals as well. There is an awesome income producing vacation community in pre-construction that allows short term rentals and offers property management services. More at VacationFLHomes.com

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Space Coast Association of REALTORS® to launch Find Services Directory for the Melbourne/ Merritt Island Area

Space Coast Association of REALTORS® to launch Find Services Directory for the Melbourne/ Merritt Island Area | Real Estate Scoops for FL Space Coast | Scoop.it
The Space Coast Find Services™ Directory will help REALTORS® and consumers quickly and easily find pre-vetted businesses to help with their home and family needs.
Agi Anderson's insight:

My Savvycard is great for communication! Check out The FL Property Diva at eProRealtyService.com

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Merritt Island Home Sold & Closed

Merritt Island Home Sold & Closed | Real Estate Scoops for FL Space Coast | Scoop.it

This beautiful 4 bedroom, 3 bath, 4 car garage home located in Sunset Lakes on Merritt Island sold and closed in July 2016. The listing price was--

Agi Anderson's insight:

The Diva Did it Again!! So what's your property worth? 

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Loans are converting, payments are increasing, now paying the mortgage is a struggle– get mortgage relief

Loans are converting, payments are increasing, now paying the mortgage is a struggle– get mortgage relief | Real Estate Scoops for FL Space Coast | Scoop.it
Loans are converting, payments are increasing, now paying the mortgage is a struggle. The Federal Trade commission offers excellent information on their page
Agi Anderson's insight:

Stop the grief and get mortgage relief.

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Janet Howcroft's curator insight, July 9, 8:49 AM

There are many ways to stop foreclosure

 - July 6
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If You Bought Your Home During These Years I know You’re  Really Hurting

If You Bought Your Home During These Years I know You’re  Really Hurting | Real Estate Scoops for FL Space Coast | Scoop.it
One slice of sellers is faring much worse than everyone else in terms of equity built up in their homes, according to new data from the NAR.
Agi Anderson's insight:

Helping owners STOP mortgage misery at PainfulPropertySolutions.com

Those who bought their homes 8 to 10 years ago, at the height of the real estate bubble—have gained almost no equity in that time, an average of just $3,000 or 1%, said Jessica Lautz, the NAR’s managing director of survey research and communication.

 

Plus, many of the negative amortization loans written from 2005-2007 are now converting causing severe financial hardship to homeowners and real estate investors. I am speaking with quite a few owners whose mortgages have converted this year. One investor's payment has tripled, needless to say I am helping him sell in a short sale.

 

If you or someone you know is in this situation, please reach out to PainfulPropertySolutions.com

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Video:  Ways to Keep Your Precious Pets From Making a Mess of Your Home Sale

Video:  Ways to Keep Your Precious Pets From Making a Mess of Your Home Sale | Real Estate Scoops for FL Space Coast | Scoop.it

We love our pets, but they can also be a distraction for potential buyers—even for those who love animals. Take these steps to pet-proof your home sale before putting your house on the market.

Agi Anderson's insight:

Great tips from Realtor.com to pet-proof your home before putting your house on the market for sale.

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Janet Howcroft's curator insight, December 6, 7:28 AM

We love our pets, but they can also be a distraction for potential buyers—even for those who love animals. Take these steps to pet-proof your home sale before putting your house on the market.

 - November 28
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Congress could play Grinch this Christmas for homeowners

Congress could play Grinch this Christmas for homeowners | Real Estate Scoops for FL Space Coast | Scoop.it
It could be a grim and grinchy December for thousands of home owners facing ongoing challenges with their mortgage payments and property values.
Agi Anderson's insight:

Yikes! Under the federal tax code, when a creditor cancels a taxpayer’s debt, the IRS treats the amount forgiven as income, taxable at ordinary rates. But in 2007, as foreclosures and short sales began to explode across the country, Congress enacted a temporary exemption for home owners who received cancellations of mortgage debt as part of their loan modification deals with lenders. That exception has been extended periodically by Congress ever since.

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The Mortgage Market Is Changing Fast

The Mortgage Market Is Changing Fast | Real Estate Scoops for FL Space Coast | Scoop.it
The remaking of U.S. politics is likely to upend the nation’s mortgage market; interest rates and regulation are the reasons why.
Agi Anderson's insight:

“The ultimate problem is the impact of rising rates on home values,” said Stu Feldstein, president at SMR Research Corp., a mortgage-research firm. “We’re back into a bubble condition in part because of low rates that have enabled people to buy houses much more expensive than their incomes could afford.”

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Sizing Up the Housing Sector for 2017 - theMReport.com

Sizing Up the Housing Sector for 2017 - theMReport.com | Real Estate Scoops for FL Space Coast | Scoop.it
NAR Chief Economist Lawrence Yun and Atlanta Fed President Dennis Lockhart discussed economic conditions they believe will result in a “net positive” for housing next year.
Agi Anderson's insight:

NAR expects the national median home price to increase by 4 percent for 2016 and 2017.

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Janet Howcroft's curator insight, November 14, 6:14 PM

NAR Chief Economist Lawrence Yun and Atlanta Fed President Dennis Lockhart discussed economic conditions they believe will result in a “net positive” for housing next year.

 - November 7
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Housing market on the verge of another crisis?

Housing market on the verge of another crisis? | Real Estate Scoops for FL Space Coast | Scoop.it
Today’s market may seem to be improving: distressed sales are down, home prices are up and less needs to be saved to make a down payment, but could these factors ultimately lead to the next housing crisis? Some believe the market may be on the verge of another crisis as it seems to be showing the same signs as were seen in 2005 to 2007, according to an article by Michael Brush for MarketWatch. One of the major factors is the high price for smaller homes, . . .
Agi Anderson's insight:

Banks are taking less down, but homebuyers are also paying more in monthly mortgage payments, according to the article, and incomes are not increasing at the same rate.

TextAgi.com

While some applaud the idea of providing the option to pay less down on a home, could it be a factor that is causing the next recession, and is that recession closer than we think? 

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Flashback? New AAA mortgage bond features pre-crisis subprime, Alt-A mortgages

Flashback? New AAA mortgage bond features pre-crisis subprime, Alt-A mortgages | Real Estate Scoops for FL Space Coast | Scoop.it
Historical data suggests that over the past five years Alt-A mortgage loans have performed slightly worse than prime loans but better than subprime loans, Moody’s noted
Agi Anderson's insight:

It was the subprime mortgages that brought the 2007 housing market to the worst real estate crisis since the depression. In a move that could lead some to have flashbacks of the housing crisis, a new AAA-rated mortgage bond is about to hit the market, but what makes this new mortgage bond a blast from the past is the fact that it features pre-crisis subprime and Alt-A mortgages.

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Charts from the Census data released on US household income. 

The Census Bureau released its annual report this week on “Income and Poverty in the United States” with lots of new updated data on household income and household demographics. Based on those new data, I presented my annual CD post “Explaining Income Inequality by Household Demographics” a few days ago. Below are four charts that [...]
Agi Anderson's insight:

It's been in the news frequently, the middle class is shrinking and the people who can afford to purchase real estate shrinks as well.

The American dream of buying a home is a at a record low. The Wall Street Journal reports, "The homeownership rate, the proportion of households that are owner-occupied, fell to 62.9%, half a percentage point lower than the second quarter of 2015 and 0.6 percentage point lower than the first quarter 2016, the Census Bureau said on Thursday. That was the lowest figure since 1965.

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What 55-Plus Buyers Are Looking For

What 55-Plus Buyers Are Looking For | Real Estate Scoops for FL Space Coast | Scoop.it
Baby boomers say first impressions count when they enter a new community. They are closely sizing up neighborhood amenities like the pool, clubhouse area, and walking trails. They're also looking at the location of the community, judging how near it is to shopping, dining, medical services, and entertainment.
Agi Anderson's insight:

Baby boomers say that space is very important to them in their home-buying decision.

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Janet Howcroft's curator insight, August 11, 5:27 PM

Ranches are becoming the popular home

 - August 5
Lynn Pineda's curator insight, November 11, 9:17 PM
Is the home you're selling what 55-plus Buyers are looking for in a home? Knowing what these group of Buyers want will enable you to know whether or not your home has the right appeal. Always important to know your ideal, prospective Buyer as Agi's share shows us.
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Case study: Investor’s Mortgage Payment Triples

Case study: Investor’s Mortgage Payment Triples | Real Estate Scoops for FL Space Coast | Scoop.it
An investor I am now helping has a Suntrust equity line payment that was $463 per month. In the fall of 2015 it shot up to $1549 per month. After many calls and
Agi Anderson's insight:

Many investors behind on mortgage are under the impression that they are not able to sell  in a short sale, however that is not the case in this case or any other sell short situation. Learn more about mortgage relief for real estate investors, as well as residential homeowners.

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The States With the Most Foreclosure Filings - DSNews

The States With the Most Foreclosure Filings - DSNews | Real Estate Scoops for FL Space Coast | Scoop.it
The foreclosure rate remains twice that of the national long-term average and CoreLogic attributes it to the individual state rates. Here are the top 10 states with the highest rates of foreclosure.
Agi Anderson's insight:

Florida is the #3 state:
In Florida, 1 in every 769 housing units received a foreclosure filing. The good news, filings from May show a decrease of 4 percent. Helping folks prevent foreclosure at CallPreventionNow.com 321-209-7271

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Homeownership Has Plummeted In The U.S., But Not By Choice

Homeownership Has Plummeted In The U.S., But Not By Choice | Real Estate Scoops for FL Space Coast | Scoop.it
The lingering effects of the economic crisis are creating obstacles for most families who want to buy homes.
Agi Anderson's insight:

The U.S. housing market is bouncing back, but its recovery hasn’t done much for the millions of Americans who want to be --

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Merritt Island Home For Sale

Merritt Island Home For Sale | Real Estate Scoops for FL Space Coast | Scoop.it
View 2 photos of this $108,900, 3 bed, 1.0 bath, 1008 sqft single family home located at 304 3rd St, Merritt Island, FL 32953 built in 1959. MLS # 755996.
Agi Anderson's insight:

WOW!! This property NOW under contract had nearly 300 views in three weeks on Zillow. Happy to report an investor scooped this one up and will start collecting income the day of closing! This Diva is scouring the Space Coast for HOT investment property deals! Are you on my VIP Buyers List? 

If not, sign on at: 

BargainSpaceCoastHomes.com

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