Thursday, September 22, 2022 / by Ana Baldner
The Real Estate Market has been hot for a while. Homes are selling quickly and for higher prices. Many people fear a crash or wonder about a shift. Many media outlets are also pushing these topics to the forefront. CNBC reported statistics such as homes in August sat on the market an average of five days longer than they did a year ago, or that listing prices are dropping thousands of dollars month to month.
There are a couple of things to keep in mind when consuming National Media. First, these are statistics that average together all US markets. Grouping together major cities like Seattle and LA with smaller areas like the Space Coast. Our housing markets are completely different! There is no way an average is an accurate representation of all Real Estate Markets in the US.
Second, these media sites give no context for the numbers. Comparing the numbers we find to previous years is what gives them value and meaning, and allows us to gain perspective on it2 ...
Wednesday, September 14, 2022 / by Ana Baldner
When it comes to dipping your toe in the Real Estate World, the first thing you'll notice is the abundance of industry specific terms that seem to come up frequently and may seem like foreign concepts. Terms you probably haven't ever heard of before! Skipping over the meanings of these words can keep you from understanding crucial information about your favorite listings.
Here we made you a quick “cheat sheet” with a bunch of common Real Estate Terms. Keep these in mind, and it'll help you out when browsing for properties or closing on your own home.
As-Is: The home may need repairs or renovations that the seller will not complete before or as part of the sale. As-is also refers to the condition of the property at the time the offer was written and should something happen to the property from the time the offer was written to closing which alters this condition, then the seller must bring back the property to its “as-is” condition OR the 2 ...
Thursday, September 8, 2022 / by Ana Baldner
September is here and that means Fall is knocking at our door. This doesn't mean much for the weather here on the Space Coast, but we can still partake in the Autumn festivities! Personally, when I think of the Fall, my mind goes to coffee shops and yummy cinnamon drinks.
Here are five local coffee shops you should visit as the heat starts to settle down:
1. Apocalypse Coffee Roasters
Perhaps one of the most unique options in our area is Apocalypse Coffee! A family run business in Melbourne, their mission is to be “the last coffee you will ever need”. Their menu consists of Apocalypse themed drinks and meals. The specialty drinks change every month to keep things new, and September's options are perfect for a fall coffee run!
2. RiverRoad Coffee & Popsicles
RiverRoad is located in Cocoa and has two featured menu items: coffee AND popsicles. There is always something new to try, as they have so many specialty items on their menu. And they just released the; ...
Thursday, September 1, 2022 / by Ana Baldner
Is buying cheaper than renting? This depends mostly on the local market and its conditions. The Real Estate market has been heating up the past couple years and many Americans are making the transition from tenant to homeowner.
With rents skyrocketing all over the country, some may make the assumption that even in a heated market, buying may be the better option. But the truth is, there are different associated costs that create key Pro's and Con's to either choice.
Costs of buying
The biggest upfront cost of buying is your down payment. Typically between 3-20% of the home's purchase price. If you do put less down, your interest rate will typically increase, making your monthly payments increase as well. There are many monthly costs you will face, your mortgage payment being the biggest, including principal and interest for your loan. This number could also go up or down if you have a variable interest rate. HOA dues should also be factored in, generally covering lan2 ...
Thursday, August 25, 2022 / by Ana Baldner
Real Estate has been voted as being Americans favorite investment for the long term for the fourth year in a row. Many news outlets are pushing out headlines that focus on the slowing of the real estate market, but no one is talking about the massive investment opportunities that we are seeing in front of us.
It's important to diversify your investments as a whole. Having all your eggs in one basket makes it more likely that you could face a total loss. Spreading your savings across different types of investments can give you financial security.
There are 8 major reasons that real estate is a good investment to choose
1. You can force appreciation
One reason the stock market appears daunting to many people is the uncertainty. You put your money in the market, and you have no power in the result. The best part about real estate is that you can have a hand in your asset's appreciation in the form of renovations and repairs.
Major renovations such as ad ...