Space Coast Resources

Your resource for local events and happenings on the Space Coast.

Aug. 23, 2018

Space Coast Real Estate Market

Click here to FIND OUT YOUR HOME VALUE NOW!

Last week, in a report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:

  • There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros
  • About 14% of all listings had a price cut in June
  • Since the beginning of the year, the share of listings with a price cut increased 1.2%
  • This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year

Senior Economist Aaron Terrazas further explained:

“A rising share of on-market listings are seeing price cuts, though these price cuts are concentrated at the most expensive price-points and primarily in markets that have seen outsized price gains in recent years.”

What this DOESN’T MEAN for the real estate market…

This doesn’t mean home values have depreciated or are about to depreciate.

A seller may put a home worth $300,000 on the market for $325,000 hoping a bidding war will occur and an overanxious buyer will pay more than its actual value. That has happened often over the last few years. If the seller gets no offers and reduces the price to $300,000, it doesn’t mean the home dropped in value. It is still worth $300,000.

Home prices will continue to appreciate over the next 12 months. In this same report, Terrazas remarks:

“It’s far too soon to call this a buyer’s market, home values are still expected to appreciate at double their historic rate over the next 12 months, but the frenetic pace of the housing market over the past few years is starting to return toward a more normal trend.”

What this DOES MEAN for the real estate market…

This does mean that sellers should be more conservative when it comes to the price at which they list their homes – especially sellers in the upper end of each market.

Sellers have been listing their homes at inflated prices hoping a super-hot market will deliver a buyer willing to pay virtually any price to ensure they don’t lose the house. That strategy has worked somewhat successfully over the last two years. However, the time that strategy would have worked may have passed.

Again, quoting Aaron Terrazas in the report:

“The housing market has tilted sharply in favor of sellers over the past two years, but there are very early preliminary signs that the winds may be starting to shift ever-so-slightly.”

Bottom Line

Prices are not depreciating. However, if you want to sell your house quickly and with the least amount of hassles, pricing it correctly from the beginning makes the most sense.

 

Click here to FIND OUT YOUR HOME VALUE NOW!

 

June 18, 2018

Despite Momentum: It’s Prime Time to Sell Your MELBOURNE House!

As with any momentous decision, settling on when to sell your Melbourne house can take time—and even then, acting on the decision can be slowed by extraneous factors. Who doesn’t have local obligations to deal with and Melbourne friends and neighbors who’ll need to be reassured that your relationship isn’t going to be irredeemably severed? Acting on a decision to sell your Melbourne house can seem to be the real estate equivalent of moving an ocean liner with a single tugboat: very slow going.

  Even so, there are persuasive reasons why you might want to move the process along more quickly than momentum would dictate. Recently some of those reasons were laid out in Realtor, the official magazine of the National Association of Realtors®. It’s considered an indispensable resource for us in the residential real estate profession; its research has long proved to be highly reliable.

Although the nominal subject matter was “Why Buyers May Lose If They Don’t Act Now,” the findings were even more relevant for Melbourne homeowners who’ve decided to sell. The central causative factor was projected interest rate hikes. Surveys indicated the result would be a gradual impetus forcing home buyers to settle for smaller, less expensive homes. On point was one mortgage broker, who put it simply. “Every time the interest rates go up,” he said, “you eliminate a group of people who can no longer afford to buy a house.”

For future sellers, the message is clear. If you know that will you be selling your Melbourne house but suspect that the pool of eligible buyers could be slowly self-eliminating, that’s a pretty good reason to decide to act sooner rather than later. Add in the general finding that across the U.S., the heaviest selling months are May through August (they account for 40% of the year’s average volume), and the reasons you’d want to list soon are persuasive.

Summer is synonymous with bright sunlight and more free time—which are also reasons why we are entering a great time to sell your Melbourne house. My job is to make the whole process—from listing to closing—as expeditious (and obstacle-free) as possible.

For a no-obligation consultation on what you can expect from this June’s market, I hope you’ll give me a call! (321)720-2038 or email SilviaMozer@gmail.com

Would you like to read my OUTSTANDING REVIEWS on Zillow? CLICK HERE!

Would you like to see MY SOLD PROPERTIES? CLICK HERE! #SILVIAMOZERSELLSBREVARD

 

May 29, 2018

Space Coast Property Value

 

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Call/text/email SILVIA MOZER to discuss your options!

(321) 720-2038 - SilviaMozer@gmail.com

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May 16, 2018

An Important Factor in Getting Your House SOLD!

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers.

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.
  4. By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

With May proving to be the best month to sell your home, access can make or break your ability to get the price you are looking for, or even sell your house at all.

 

Call SILVIA MOZER to discuss your options (321)720-2038

Check out SILVIA's SALES! Check out SILVIA's REVIEWS!

May 8, 2018

5 Affordable Tips To Boost Your Home’s Curb Appeal

 

When you buy a new home, it’s easy to take the fresh, clean feel for granted. Over time, even the most conscientious homeowners can lose ground on their home’s curb appeal. Make your home shine with these five tips.

Rent a pressure washer - Dirt, mildew, and grime will inevitably accumulate on your house, porch, driveway, walkways, and fences over time. Rent a pressure washer from your local hardware store and spray down these surfaces. You’ll be amazed at the difference.

Wash the windows - It’s easy to overlook the fingerprints and smudges on your windows. However, pulling out the window cleaner can make a huge difference both inside and outside the house, especially if it’s been a while since you last cleaned the windows.

Edge the lawn - If you’re looking for a cheap, easy way to make a big impact, this is it. Edging helps separate your lawn from your other plants, landscaping, and walkways, giving your yard a crisp, clean feel.

Add mulch - Adding mulch to your plant beds and around your trees doesn’t just make them look great. It also helps block weeds and protects your plants from drought and frost.

Spruce up the doorway - Make your entryway more inviting by adding a bold, new door-knob, an elegant knocker, or a fresh coat of paint. Get a great door mat and a couple inviting statement pieces and your home is sure to wow visitors and make you feel at home!

 

May 8, 2018

How To Save For A Down Payment

How To Save For A Down Payment

It’s time to start saving for your down payment. Make your start with these tips!

Determine how much you need.
Before determining what your down payment should be, you have to figure out how much you can afford to pay for a house. Most professionals recommend a down payment equal to 20% of your home’s cost and a monthly mortgage payment of no more than 25% of your monthly income. Use a mortgage calculator to set a budget and down payment goal.

Find places to save.
The more money you can set aside for your down payment, the faster you’ll reach your goal. Instead of keeping your down payment money in a traditional savings account, look into accounts that offer higher interest rates, such as a high-yield savings account, certificate of deposit (CD), or a money market account. Accounts like these allow you to save faster without contributing more. Investments are another way to reach your goal. Just be aware that the higher the return, the higher the risk, and you may end up losing money in the process.

Speak with a financial advisor.
The internet has a lot of information; however, finding information that applies to your exact situation can be hard. Instead, talk to a financial advisor. Financial advisors can help you establish a budget, find opportunities to cut back on your expenses, and save money. They can also help you budget for new expenses, evaluate your mortgage options, and set a practical housing budget when the time comes to buy your home.

Set a date.
Once your plan is in place, you should be able to get an idea of how long it will take you to reach your down payment goal. Figure out how much money you will need to save each year, week, or paycheck to ensure you’re left with a comfortable amount to live on. Once you confirm, set a specific date for when your down payment will be ready. Then you can start looking for a home.

 

 

May 7, 2018

Homes are Selling Fast!

50% of Homes Sold in 30 Days in March 

Click on image for more information.

Some Highlights:

  • The National Association of REALTORS® recently surveyed their members for their Confidence Index.
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than 60 days in 35 out of 50 states and Washington D.C.
  • Homes typically went under contract in 30 days in March

However, with SILVIA MOZER the picture is different here in the SPACE COAST (Brevard County), FL. Her listings sell much faster and on or above listed price! 

Just take a look at her sales: #SILVIAMOZERSELLS BREVARD

April 30, 2018

Silvia Mozer Sells Brevard

SILVIA MOZER SALES ARE THE PROOF OF HER NEGOTIATION SKILLS & PROFESSIONALISM!

#SILVIAMOZERSELLSBREVARD

April 28, 2018

Existing Home Sales Grow Despite Low Inventory

Some Highlights:

  • According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million.
  • This is the strongest pace since November of 2017.
  • Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply.

 

Read other interesting articles about Real Estate!

March 6, 2017

Living in Luxury

Brevard County is a diverse and exciting place to live. Moments away from gorgeous beaches, historic city centers and untouched nature preserves it’s no wonder millions of people call Brevard County home. There is so much this beautiful area has to offer to tourists and residents alike. The weather is amazing and outdoor activities can be enjoyed yearlong. Once you see your first sunset over the Atlantic Ocean, you will never want to leave.

Brevard is full of close knit communities where it’s residents make you feel at home, as if you were family. No matter what you interests or beliefs, Brevard has a home for you. An investment in Brevard County is an investment in you and your family’s future happiness.

Each year the house market continues to gain value on the Space Coast. Large technology companies such as Harris and GE continue to transfer large amounts of employees to the area which helps contribute to the ever rising costs of homes here. No matter what your style – gated community, townhouse or luxury home on the water – Brevard County has the perfect option for you. It’s still a great time to buy a home here and an even better place to raise a family.

Brevard County truly has everything you could want in a place where you plan to purchase a home. Beautiful oceanfront properties, rural farm areas, fast paced cities, industry of all kind and an eclectic local charm makes the entire Space Coast a great place to live. It’s an exciting time to live here with massive expansion in infrastructure and residential development. Brevard County is already a great place to call home, especially with all the new development and opportunities.