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Best Brevard FL Real Estate Scoops
Ahoy there, it's Agi Anderson, Your Brevard FL Realtor and the proud owner of BrevardFLRealtor.com There are so many facets to being a Realtor and resident on the Brevard FL Space Coast, that’s why I provide 10 different topics of the Best Blog Posts across the web … You can follow one topic or follow them all. I scour the web scooping up the BEST blog posts with real estate, healthy living, boomers downsizing/retiring, life on the Space Coast, Home Decor and much more! Questions? You can call, text or email me using my online Biz Card card at … ContactAgiNow.com.com Curated by Best Blog Scoops |
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Home prices dropping will depend on the interest rates. Homeowners who have low interest rate mortgages will need to be fairly motivated to make a move.
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I am prepared and ready to win more listings in the shifting real estate market. What differentiates me from the competition is my “move-in certified” program that has saved sellers thousands of dollars.
Home buyers and investor also benefit, they prefer knowing about home inspection issues before they preview a move-in certified home. I encourage sellers to remedy repairs to assure a clear 4 Point Inspection, which is required for buyers to obtain homeowners insurance.
It’s win/win, both buyers and sellers save time and money. Schedule a 15 minute phone call at http://AgiCalendar.com to learn all the advantageous of getting your home “move-in certified” before it’s listed for sale.
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Get the details about the Cape Canaveral real estate market, with the Cape Canaveral Market Report.
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According to Zillow, the Orlando metro area saw rent prices go up by 5.6% from last year, but it's much higher in coastal communities. The Melbourne market saw a hike of 9.8%. In Daytona, 10.6%.
It's not just Melbourne, rentals and housing prices are out of reach for lower income families all throughout the Brevard FL Space Coast. I am helping a single mother with 2 school age children. She has to be out of the place she is renting in 14 days. Buying a home is out of her reach and the rents are so high she is struggling to find a place to live. If anyone knows of a rental on Merritt Island for around $1100/mo, please reach out and let me know. ContactAgiNow.com
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With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down --
I agree, 15 years ago, loose mortgage lending practices ultimately brought down some of the nation’s largest banks and mortgage companies. Since then, standards have been raised and the process of obtaining a mortgage is now more transparent. The “anyone who can breathe, can get a loan, is now illegal; now borrowers undergo stricter income, credit and asset checks. Me, I am banking on eventually getting back to a stable real estate market on the Brevard FL Space Coast.
Do you have a real estate question? Would you like to know more about how you can preserve your property value? It's easy to call, text or email me, using my online business card at ContactAgiNow.com
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ORLANDO, Fla., April 21, 2017 /PRNewswire/ -- Florida's housing market reported more closed sales, higher median prices and increased pending sales in March, according to the latest housing data released by Florida Realtors®. "March's strong sales likely were influenced by buyers ready
Yes, there may be more sales, but getting through the inspection period to close, continues to be a challenge. An "as Is" contract no longer means buying a property in "as is" condition. After inspection has been done, buyers ask for repairs to be done or request a credit for repairs.
I have developed the Diva strategy to negotiate the inspection issues on behalf of the sellers. If I am the transaction broker, I am considerate to both parties to create a win, win transaction.
What's even better is getting a pre-Sale inspection, so issues can be repaired or factored into the selling price.
I also believe selling agents need to be more thorough with explaining what an "as is' sale is, the contract states, "Seller shall sell and Buyer shall buy the following described Real Property and Personal Property (collectively "Property") pursuant to the terms and conditions of this AS IS Residential Contract For Sale And Purchase and any riders and addenda." This translates to, buy the property in it's "as is" condition.
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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.
NAR expects the national median home price to increase by 4 percent for 2016 and 2017.
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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, . . .
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.
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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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.
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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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
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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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.
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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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?
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.