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Real Estate Prices in North Brevard

by Pat Argo

Prices in Brevard as well as across the nation

are still all over the place.

 Here’s what that could mean for you! 

If you are able to buy, especially if you qualify for the Tax Incentives, you really need to get serious about looking for the right home while the selection is good.

If you are considering selling vs leasing, weigh your options carefully. It may take longer than you are thinking for market recovery.

If you are an Investor, even a first timer, the choices could be outstanding. Figure out your financing options before you make the offer. Cash talks, particularly in condos and lender owned properties. And be prepared to be a bit more liberal with your new tenant prospects because their credit may be bruised.

If you really want or have to sell now, for whatever reason, remember that curb appeal is still important, but pricing right is absolutely King! Be sure to use internet price points to your advantage when you enter the market. (Call me to explain what that means for you!) Be prepared to help the first time buyers with closing costs since they are prime buyers now.

If you or a family member/friend is a Snowbird, empty nester, or retiring soon, now could be an excellent time to find the next nest before the best ones get picked over. Did you know you can buy a home with a Reverse Mortgage and your credit does not matter?

 Regardless of all of the above, there is an important fact I learned back in 1973 when I first started in real estate. “UNDER ALL IS THE LAND.”  Buying, selling or leasing, the one thing you cannot change is a property’s location. That’s in Gods hands. You are better off with a smaller place in a nicer area than the best place in a less desirable one. The only thing that “fixes” a poor location is dropped price and owner terms. 

If there is anything I’ve said that you would like to discuss, please contact me. I am always pleased to be able to share my knowledge and experiences as well to help you understand the market or decide about your next move.   Pat Argo, CRS  321-267-5025

National Realtor Open House Weekend!

by Pat Argo, CRS

OPEN HOUSEs in Mims FL This Weekend!

I will be participating in the National & State Open Houses this weekend. 

  Stop by to see the great buys available, goodies or just to say "Hi!"

Here is my schedule - the Same for Saturday & Sunday!

3872 Arlington Ave. Mims    4B/2.5b/2G+RV on 1.12 acre Open 11 to 12:30

3755 Kloss Street, Mims      3B/2b/2G on 4.58 acres        Open 1-2:30 

I look forward to seeing you there!

Have You Read the Story about the Carrots, Eggs & Coffee Beans?

by Unknown with Comments by Pat

I ran across this story from an old email I received a few years ago. I felt it might be pretty relevant to today and decided to share it! Enjoy!

A young woman went to her mother and told her about her life and how things were so hard for her. She did not know how she was going to make it and wanted to give up. She was tired of fighting and struggling.

It seemed that, as one problem was solved, a new one arose. Her mother took her to the kitchen. She filled 3 pots with water and placed each on a high fire. Soon the pots came to a boil. In the 1st, she placed carrots, in the 2nd she placed eggs, and in the last she placed ground coffee beans.

She let them sit and boil, without saying a word. In about 20 minutes, she turned off the burners. She fished the carrots out and placed them in a bowl. She pulled the eggs out and placed them in a bowl. Then she ladled the coffee out and placed it in a bowl. Turning to her daughter, she asked, "Tell me, what do you see?"

"Carrots, eggs, and coffee," the young woman replied. The mother brought her closer and asked her to feel the carrots. She did and noted that they were soft. She then asked her to take an egg and break it. After pulling off the shell, she observed the hard-boiled egg. Finally, she asked her to sip the coffee. The daughter smiled as she tasted its rich aroma. The daughter then asked, "What does it mean, Mother?"

Her mother explained that each of these objects had faced the same adversity - boiling water - but each reacted differently. The carrot went in strong, hard and unrelenting. However, after being subjected to the boiling water, it softened and became weak.

The egg had been fragile. Its thin outer shell had protected its liquid interior. But, after sitting through the boiling water, its inside became hardened!

The ground coffee beans were unique, however. After they were in the boiling water, they had changed the water.

"Which are you?" the mother asked her daughter. "When adversity knocks on your door, how do you respond? Are you a carrot, an egg, or a coffee bean?"

Think of this: Which am I? Am I the carrot that seems strong but, with pain and adversity, do I wilt and become soft and lose my strength? Am I the egg that starts with a malleable heart, but changes with the heat? Did I have a fluid spirit but, after a death, a breakup, or a financial hardship, does my shell look the same, but on the inside am I bitter and tough with a stiff spirit and a hardened heart? Or am I like the coffee bean? The bean actually changes the hot water, the very circumstance that brings the pain. When the water gets hot, it releases the fragrance and flavour.

If you are like the bean, when things are at their worst, you get better and change the situation around you. When the hours are the darkest and trials are their greatest, do you elevate to another level? How do you handle adversity? Are you a carrot, an egg, or a coffee bean?

This is an old story with over 431K references on Google as far back as 2001!. Several claim authorship but since I cannot read all the posts, and I love the story I am sharing it today anyway! Enjoy! And thanks again to the author - unknown!

Can I Afford to Buy Now?

by Pat Argo

Can I Find A Home I would Live In

& Still Afford The Payments + Closing Costs?

     The one constant in real estate is financing questions... affordability! The standard still is "How much down and how much per month?" Many times people do not ask until it is too late and they may have missed out on some great opportunities!

     Let me share an example. For several months this nice couple and I would look at homes in Merritt Island. Most were built in 1950's, with small rooms and would not qualify for FHA financing without extensive repairs. When there was a great one, there were multiple offers almost before we could even get in to see it. I enjoyed meeting with them but we were all feeling frustrated at what was available.

     We decided to expand the areas we were looking in and moved to the mainland. After a couple of weeks we discovered a foreclosed home that was just  "Back on the Market". I check them daily with my real estate Tool Box! The prior contract did not close so they also reduced the asking price which was now in our price range!

     This was the one! Another agent came by to show it while we were still inside. Professional courtesy suggests the agent should have waited...but didn't.

     We closed on their new home in Cocoa this week. They bought a great home at a terrific price in a nice area: 3 Bedrooms, 2 baths, a BIG 2 car garage, utilityroom, workshop & screen porch on a lovely wooded acre.

     Here are the  money facts:We entered into a contract on a foreclosed property for $95,900. in mid-February. We were able to get locked in at 5% 30 year FHA with a deposit of $1000. (Great lender, by the way!)

     They brought a check to closing for $1824. Total Settlement charges were $6848. with Seller paying appx. $5000 of this. The Buyers paid for their Home Inspection, Septic Inspection & WDO Report out of closing. Their total payment with Insurance and Taxes (without homestead) is $810. per month! With less than $4000 total invested! Now they will be able to take advantage of the Tax Credit which will reduce their out of pocket even more. They rented for more than their new payment! The payment may go down with homestead exemption!

     Affordable? I think so! They got an excellent buy! What do you think? Smile

 

Displaying blog entries 1-4 of 4

Contact Information

Photo of Pat Argo, Broker Assoc, CRS, GRI, RECS, SFR, S Real Estate
Pat Argo, Broker Assoc, CRS, GRI, RECS, SFR, S
Keller Williams Realty of Brevard
6905 N Wickham Road #405
Melbourne FL 32940
Cell/Text: 321-537-4721
Office: 321-259-1170
Fax: 321-435-3124