April 16, 2017

April 2017 RE/MAX National Housing Report

April 2017 RE/MAX National Housing Report

Strong March Home Sales, Low Inventory Means Tougher Market for Buyers

DENVER – March launched the home-buying season with post-recession records for increasing home sales and prices and decreasing inventory, according to this month’s RE/MAX National Housing Report that surveys 53 metro areas.
 
Last month, home sales were 6.6% higher than the nine-year-old report’s previous March record, set in 2016. Thirty-eight of the 53 metro areas in the report showed year-over-year increases.
 
Meanwhile, Months Supply of Inventory dropped below three months for the first time in the history of the report, indicating a market that greatly favors sellers, as six months is considered a balanced market.
 
Active inventory continued to decline, dropping 17% year-over-year. As a result, the Median Sales Price of $225,000—also a March record—was up 11% year-over-year. This was the 12th consecutive month of year-over-year price increases.
 
Homes continued selling faster last month, with the average Days on Market dropping to 64, compared to 68 in February 2017 and 71 in March 2016. 
 
“We expect a seasonal uptick in sales this time of year and March certainly met and somewhat exceeded that expectation,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder“We don’t anticipate the tightening inventory to ease up in most markets until new home construction can catch up to its pre-recession pace. Until then, sellers will enjoy a fast-paced market and buyers will need to work with their agents to get in the right home.”

 

READ THE FULL PRESS RELEASE

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April 12, 2017

RE/MAX Celebrates Continued Global Growth

RE/MAX Celebrates Continued Global Growth

Over 30,000 Agents Outside of the U.S. and Canada Call RE/MAX Home
DENVER – RE/MAX, LLC, a leading global real estate franchisor, announced today it now has over 30,000 agents outside the U.S. and Canada. In 2016, the franchisor’s agent count outside the U.S. and Canada grew 16.9 percent year-over-year.
 
“We’re incredibly excited and proud to be hitting this global milestone,” said Larry Oberly, Vice President, Global Development, RE/MAX, LLC. “RE/MAX has a global presence that is unmatched by its competitors. Our unique business model revolves around the agent and raises professional standards in the industry by embracing training and transparency. We have the most productive agents who strive to provide their clients with the best customer service possible.”    
 
RE/MAX Europe and RE/MAX Latin America and Caribbean led global growth, with both regions surpassing milestones of their own last year. RE/MAX in Europe now has more than 18,000 RE/MAX agents and RE/MAX across Latin America and the Caribbean have more than 6,000 agents.
 
 
With a presence in over 100 countries and territories, the RE/MAX network’s global footprint is unmatched by any other real estate brand. The franchisor’s total agent count grew 6.8 percent year-over-year in 2016. Over 110,000 agents worldwide now call RE/MAX home.
April 12, 2017

April Can Be a Timely Entry Point for Listing your Home

It’s April—a time of year when area homeowners who haven’t yet added their homes to the Melbourne listings may have a legitimate question about whether it’s too late to benefit from the spring selling season. This year, they may also be concerned that the rise in mortgage interest rates could discourage prospective buyers.

The answer to the first question is a qualified not—not too late! The only qualification has to do with the condition of the property itself. If it can be put into sound showable condition within a month or so, this is an excellent time to jump into the Melbourne listings—for a number of reasons.

We won’t know the actual foot traffic numbers for Melbourne until after the dust has settled at the end of summer, but we do know for certain that the law of supply and demand points to this year being a standout for sellers. In large part, because the economic outlook has been building optimism for months, early signs point to strengthening buying interest. Realtors® across the nation report that last month’s buyer traffic was either strong or moderate. The index number for December through February was all the way up to 70 (that’s at the top of the chart)—up from 57 just a few months back. At the same time, the volume of new listings remained weak in most areas: down to 41 from 48. That would negate the most common argument for delaying entry into Melbourne’s listings—that is, the fear of getting lost in the shuffle as the real estate season peaks. If the number of listings continues to lag, that worry disappears. When demand is up and supply down, everyone from high school economics teachers to Warren Buffet agree there’s no better time to jump into the market.

As for the other concern—the Fed’s having raised borrowing rates—so far it hasn’t seemed to discourage buyers. The analysts at Housingwire offer three reasons why that might be happening. First, most potential homebuyers believe rates will rise further, prompting them to act sooner rather than later. Second, any slackening in mortgage applications will prompt lenders to relax the tight lending standards that have tended to depress the market. Lastly (this is a good one!), lenders had already factored in last month’s rate hike—so actual home loan rates aren’t likely to rise further for a while.

 The long and the short of it is that for anyone hesitating to add their home to this spring’s Melbourne listings, it’s not only not too late—it’s also an excellent idea. Another excellent idea is to give us a call ASAP: the Melbourne listings await!

Posted in Homeowner Tips
April 7, 2017

2017 RE/MAX Elite Awards Night

We had such an incredible time last night celebrating our agents success! We had a record breaking year and so did our agents! We can't wait to rock 2017!

Posted in Around the Campus
April 3, 2017

RE/MAX Elite received the Total Volume Achievement Award for 2016

RE/MAX Elite received the Total Volume Achievement Award for 2016 for closing over $315 million! We are so proud to have such amazing agents and to help them achieve their business goals and dreams!

Posted in Elite Rockstars
March 23, 2017

Strawberry Festival 2017

The Daily Bread Strawberry Festival is a family event that has something for everyone in the family. 

Click here for more details!

 

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Posted in Around Brevard
March 23, 2017

March 2017 RE/MAX National Housing Report

Home Prices at New High in February Amid Record Low Inventory

“Inventory, not the rise in interest rates, remains the principal constraint on home sales...Most U.S. markets have a high demand for new home construction, and although it’s good to see housing starts trending upward, we still need more." - RE/MAX CEO, Chairman of the Board and Co-Founder Dave Liniger. Read this month's #REMAX #NationalHousingReport here: http://rem.ax/2nhHWoB

Posted in Market Reports
March 14, 2017

St. Patrick's Day party guide around Brevard

Not sure what to do to celebrate St. Patrick's Day?

 FRIDAY

Click Here for full details

FRIDAY, MARCH 17th

8am - Irish Breakfast Buffet - Inside and Outside under the big tent

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More details here

Come out for a night of fun, friends, good beer, and music!! We're raising money for The St. Baldrick's Foundation for Pediatric Cancer Research, in our 7th year here in Brevard County. This is the Year of the Knight!
World of Beer - Viera will be donating 10% of all sales between the hours of 6:00pm and Midnight! There will be live entertainment and a photo booth. We are also looking into having a "Best Leprechaun Look-alike" contest! Prizes and raffles will be present.
Don't miss it!

 SATURDAY

 

Space Coast Conquers @ The Avenue Viera

Be a hero for kids with cancer!

Join St. Baldrick's event at The Avenue Viera, and whether you decide to shave your head, volunteer, or donate, we hope you'll be a part of the excitement!

The St. Baldrick's Foundation is a volunteer-powered charity that funds more in childhood cancer research grants than any organization except the U.S. government.

2017 is our 7th year on the Space Coast and we are looking forward to another incredible event with our friends, old & new! Get involved and you'll be giving hope to infants, children, teens and young adults fighting childhood cancers!

 

 

 

 

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Posted in Around Brevard
March 13, 2017

How to Get the Most Money When Selling Your Home

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In reality, this just dramatically lessens the demand for their house (see chart below).

How to How to Get the Most Money When Selling Your Home | Simplifying The Market

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive, as the seller likely believes that he or she will net more money if they don’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the National Association of Realtors revealed that:

“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

Posted in Sellers
March 12, 2017

Melbourne Relocation Tips: Nuts and Bolts of the Move

 If you go looking for new ideas to make a relocation to or from Melbourne easier, it’s amazing how often the words “stress” and “relocation” appear in the same paragraph. The most universally agreed-upon method is to separate the two by hiring relocation professionals—not surprising since many of the most-read articles are authored by people involved in the industry. But the runners-up when it comes to relocation are either work-related (for those who are making the move to change jobs) or moving-related (the nuts and bolts of a household move).

Since we’re involved in moving-day drama reduction on behalf of our clients, some of the tips are those we’ve seen work wonders. The first one is something you can get started on long before any move is on the calendar:

1.      Stockpile cartons, bubble wrap, padding paper—even those peanut-shaped plastic fillers. More and more, Melbourne residents are buying everyday items online, so the shipping cartons and packing materials inside are a lot easier to come by. The only issue is creating an area where you can hoard them.

2.      As relocation day nears, be sure to have the other basic packing materials on hand: those disposable heavy-duty Scotch shipping tape rollers and a couple of magic markers.

3.      Within reason, try to sell everything you can (they’re not called ‘moving sales’ for nothing). Especially if you are moving out of Florida using professional movers, the weight saved can make a meaningful difference on the expense side. If you are fond of shopping, there’s even the bonus of replacing shopworn items with new ones at the other end of the move.

4.      Think forward; pack backward. Imagine the ideal order for unpacking (label an “open 1st” box, “open 2nd” box, etc.), then line them up backward, so that the “1st” box will be first to be unloaded and easiest to spot.

5.      In connection with that earlier “sell everything” tip, once ensconced in your new home, resist the urge to rush right out to complete every room’s decor. Experts agree that this is one of the most common reasons that relos wind up with expensive cost overruns. Relax for a few low-stress days as you unpack at a leisurely clip. Plan to give yourself ample time to figure out what’s really indispensable in your new environment.

The single extra “Top Tip” that most relocation counselors agree upon? It’s Number 6­­—to avoid falling into the trap of assuming that a simple Melbourne-to-Melbourne move doesn’t also take some degree of preparation. Above all, pack fragile items as carefully as if they were headed across the Florida border!

 Please don’t hesitate to call me for local recommendations when it comes to a move from or to the area: We’ve spent years collecting a solid slate of proven Melbourne resources!

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Posted in Sellers