Hi Everyone!
Well it's been an interesting few years to say the least. We have been extremely busy at Tropical Realty in Brevard County Florida. Over the past few months our sales have doubled and it's very obvious to us that we finally have hit bottom. Most people don't realize that we actually started our decline about 6 months ahead of most of the country. With that said, it makes sense that we would hit bottom first.
So how do I know we are at the bottom? It's pretty easy to see. Our inventory is down from 8,000 at the peak to 4900 right now...almost half. On top of that, just about every home that is priced correctly is selling within 30-60 days and the best properties have multiple offers on them.
It's pretty funny actually what happens. We work hard to educate our buyer by supplying them with stats. For instance, homes right now are selling at 91.8% on the list price on average with the lower homes selling at over 95% of the list price. Of course our customers don't believe us. I can understand that with all the national media saying that Florida is in so much trouble. However, once they lose a house or two to other buyers they start paying attention. An Agent of mine said it well. She said that everyone is paying attention to the national media, but Real Estate is a local commodity. She is so right.
If you are seriously thinking about buying that retirement home or vacation home or even your first home so you can take advantage of the $8,000 credit currently available, then this is probably the time to get your best deal. Actually it was two months ago, but right now our prices are stable and with interest rates at or around 5%, I can't think of a better time.
And if you are looking for condos, there are some great deals. A few years ago you couldn't touch an Oceanfront condo for under $500k. Now we have some that are at $300k and some less. There was a one bedroom one bath last week, on the Ocean, for $89k. As you can guess, this was gone within a day or so....it's also not the norm!
At Tropical Realty, most of our customers come from out of state. Last year we were the number 1 Brokerage in Buyer Transactions than any other office in the county (out of 500 offices). We are very proud of this as it shows that hundreds of customers have put their trust in us to help with their relocation to Brevard County. If you would like to look at homes, you can click here to start.
We are always here to help. If you would like to talk to an Agent, call 321-259-9115. Our phones are answered by real people every day, 7 days a week.
Hi Everyone!
If you have been thinking about buying a vacation or retirement home in Florida, this is the time. With interest rates around 5% and prices at a 6 year low, we may never see this type of opportunity again! Currently 30% of the homes on the market in Brevard County are foreclosures. The down side to this is almost every offer we are currently doing have multiple offers. The upside of dealing with us, Tropical Realty, is that we sell a ton of foreclosures and understand what it takes to win the house of your dreams at a price you wouldn't believe!
If you are interested in receiving an up to date list of foreclosed properties, just go to:
http://www.melbournehomesearch.com/index.cfm/Foreclosure_List
You will be sent a custom list of foreclosed properties and if you wish, be sent any new foreclosures that match your criteria as they become available. Don't let this opportuntiy pass you buy. This is true for everyone and especially first time home buyers. This is your time!
If you have any questions, feel free to email us at thestaff@mitchrealty.com or call us at 321-259-9115.
We look forward to serving you!
Mitch Ribak, Broker
Tropical Realty of Suntree, Inc.
I don't know that any of our troops read Active Rain. I was just sitting here watching a little tv, my wife in bed asleep and my cat hanging out with me. What a life I have. I have three awesome companies that are all doing good even in this market. I have 4 Outstanding children. I have 1 incredible, beautiful granddaughter. And I have my freedom to acheive or not acheive whatever I want or don't want to. Yes, it certainly is a good wife. Today was one of the first days in a year or so that I have actually just relaxed. Running three companies doesn't leave much time to relax. It was wonderful.
Of course once I sat here and thought about how wonderful my life is, I can't help thinking about our men and women overseas that insure my life is wonderful. With that said, please take a moment of your Thanksgiving and thank all our troops for doing what they do to make our lives free. Give thanks to their wives, husbands, fathers, mothers and children for the sacrafice that they make every day of the year so that you and I can have our lives that we get to enjoy every day of the year.
Thank you to all our armed services for doing what you do. I appreciate you and respect you!
6450 N. Wickham Rd. Suite 105 Melbourne, FL 32940
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