Dec. 23, 2020

Will Space Coast Home Prices Continue To Rise in 2021

Will Space Coast Home Prices Continue To Rise in 2021?

 

The rising value of your home may be the best present of all this holiday season!

2020 has come with its own set of well-documented challenges. But what it also has brought is a boom in Space Coast home prices throughout most of the year. That’s great news for Brevard County homeowners who have had the flexibility to wait or postpone the sale of their home during the COVID-19 pandemic.

To top it off, we also are seeing historically low-interest rates, a shortage of homes for sale, and a rapid influx of new buyers in the Central Florida real estate market. That paints a rather rosy picture for sellers looking to make the most off their properties in 2021. We are seeing a sellers’ market, driving up buyer competition, and in effect home values throughout our communities.

Is It Worth Waiting To Sell My Home?

The truthful answer is it depends.

Your current situation will dictate the answer to this question much better than the home market prognosticators of 2021. At Century 21 Ocean, we suggest using actionable data, like what we are providing here, to help educate your decision to list your home.

As for 2021, many are predicting that home prices will slow down in the accent, and mortgage rates will rise from record lows. But, they also predict Americans will continue their migration to less dense regions and lower-cost housing markets, meaning there isn’t exactly a clear cut picture of where the market is going and what’s the best financial decision for you.

The market can be very unpredictable, as we learned in the spring of last year, and can be affected by a wide range of factors outside of our control. That’s why we suggest using a trusted Brevard County Real Estate agent to help list your home and ensure you are getting the most net profit for your property. An agent knows the local market much better than national prognosticators and can provide you with insight into your space coast property, that will assist you in deciding to list it or not.

Benefits of Selling Your Home Now or in 2021

The good news is that if you’re thinking about selling your house soon, whether in 2020 or early 2021, the odds are on your side. According to Realtor.com, the success seen in the housing market in Q3 and Q4 od 2020, are excellent indicators of the continued trend in Q1 and Q2 of 2021.

Inventory continues to remain low and in Central Florida, the buyers’ market continues to expand. Naturally, when demand is high, but inventory is low, prices increase! Meaning you may be able to price your home at a value much higher than previously anticipated. That means getting more equity out of your home investment!

In fact, according to the NAR, there has been an increase of 28% or $16,000 in median dollar equity gained from home sales post COVID-19 outbreak. That’s a big chunk of your next down payment! Additionally, they go on to say buyers are searching for multigenerational homes and homes in less urban areas and that working from home is now a much bigger consideration for buyers as well as ample outdoor space and climate. All benefitting the Space Coast housing market!

Other trends among homebuyers include wanting to move closer to family, moving from renting to owning (45% of buyers), and limiting the number of homes they visit before making a purchase (due to the pandemic).

So, if you’re considering selling your home, now is as good of a time as any to take the leap. Real estate agents are meeting with sellers like yourself, virtually or in person, despite the prolonged pandemic and getting record equity for their homes. Finding trusted agents now is more important than ever though. The best agents are using their connections, finding the best ways to get their client's houses appraised, and listing quickly!

Once your Space Coast home is on the market, you may see multiple offers within a few days due to low inventory and buyer demand! To learn more about why we suggest considering selling your home this year or early 2021, while mortgage rates are low and buyer demand is high, contact our team today!

Posted in Real Estate News
Dec. 9, 2020

Listing Your Brevard County Home During The Holidays | Century 21 Ocean

3 Tips for Selling Your Space Coast Home During the Holidays

As the year winds down and we look forward to the holiday season and 2021, the last thing on many homeowners’ mind is putting their home on the market. But in fact, if you are interested in or plan to sell your coastal Brevard County home, the holiday season is a great time to get the most value for your property!

Of course, spring is historically when the housing market heats up and sellers aim to prepare their home for a sale. However, the holiday season is often overlooked as a prime time to sell, especially after the disruption we’ve experienced from COVID-19 over the course of this year.

But why? And how can you prepare your home to sell during the holidays? Let’s take a look!

 

Why Listing Your Home During The Holiday Season Makes Sense

There are a handful of reasons why listing your home during the holiday season makes sense, the least of which would be your necessity to do so. If you NEED to sell your home ASAP, don’t hesitate to list it during the holiday season. Contact a trusted Brevard County real estate agent today and get your property on the market.

Next, there is typically LESS inventory in the Brevard County housing market during the holiday season, allowing your home to stand out as a big fish in a small pond. Many buyers, especially those from the colder states, are motivated to find their “coastal paradise” during the cold wet winter months up north.

In fact, just two weeks ago WESH News 6 reported recently that 1,500 new people per week (!) are moving into central Florida. That’s a lot of motivated buyers in a time when inventory isn’t near as high as spring and summer, upping sellers’ odds of getting their listing price or even more! Though there are technically fewer buyers in aggregate, the homebuyers that are looking are much more motivated to find a home within a specific timeframe.

So, if you’re considering selling your Brevard County home soon, also consider making your home warm, inviting, and open it up this holiday season to those looking to buy. Because what better present to give yourself and family this holiday season than selling your home!

How to Prepare Your Space Coast Home To Sell During The Holidays

1) Stage Your Home for the Holidays

Many sellers listing their home during the holiday season ask our agents if they should decorate the home as the normally would this time of year?

Our answer is always YES, decorate your home during the holidays even if you’ve decided to put it on the market. The question is, how much to decorate your house, and if decorating it as you normally do, is the best decision. We suggest always keeping it clean, cozy, and simple.

Many homes can get cluttered with holiday decorations, so if you are selling your home, maybe this year, in an effort to appeal to the buyers touring your home, use your best decorations as holiday accents, without drawing attention away from your home’s best-selling features.

Maybe you have beautiful natural light from large windows with a great view or potentially an expansive kitchen fit for a chef. We suggest to buyer that normally, whatever sold you on your home when you bought it is likely the same feature(s) that will sell your home during the holidays.

So, don’t cover it up with a large tree, or lights, or other decorations. Find other places for those this season, or maybe downsize to ensure you highlight the “moneymakers” in your home.

Consider working with a professional home stager to create the perfect holiday look to help your Brevard County home stand out from the competition.

2) Price & Prep Your Home to Sell 

Working with your space coast real estate agent to come up with a pricing strategy is ALWAYS important when selling your home, but it’s even more pivotal during the holiday season. Consider information of sales based on comparable homes in the area, what the current housing market is doing, and what the demand for housing looks like or is projected to do.

Remember, buyers are typically more motivated during the holiday season, but that doesn’t mean you can get greedy. With a smaller number of overall buyers, the leverage can be tricky. Ensure you and your agent have a thought-out listing price, based in actionable data to get the best results.

Additionally, ensure you have curb appeal, to stand out amongst the homes in your neighborhood. The good news is typically a neighborhood will look more appealing to homebuyers during the holiday season. You don’t want to go overboard with your exterior holiday decorations, but you want to make your house shine along with the other homes on your block.

In the winter, your Central Florida lawn may not be as appealing and lush as it typically is throughout the year. Make sure to take the time to clean up the leaves, pick up any fallen branches, and any other debris that may be lingering in the winter months.

As we know in Florida, even weeds pop up in the winter months so be sure to keep it well trimmed and neatly manicured to get as much boost as possible from the curb appeal. This way, instead of homebuyers trying to picture your house in other seasons, they can just see it for themselves.

3) Take Professional Real Estate Photos & Aerial Shots

In today’s home selling landscape, one of the greatest tools you have at your disposal as a seller is having professional real estate photos taken. In fact, realtor.com recently reported on the huge impact professional photos have on selling a home.

For these, you’ll want to WAIT to put out holiday décor, because holiday decorations essentially create a timestamp of your home. If for some reason you are unable to sell your home during the winter season, you don’t want to have to get pictures re-taken to list again in the spring.

Additionally, since we live in beautiful Brevard County FL, we suggest taking aerial photography to help make your home stand out this holiday season. If your home has acreage, a view, or any other amenity that cannot be fully captured unless it’s done by air, then aerial photography may be just what you need. 

These photographs offer buyers a unique perspective of your home and will help make your listing stand out, particularly to the out-of-state winter buyers. It can also give potential buyers a great overview of your neighborhood!

So, if you’re considering listing your Space Coast home this holiday season or anytime, contact one of our great agents at CENTURY 21 Ocean for more information today! 

Posted in Real Estate News
Nov. 30, 2020

Brevard County, FL | Market Update...Housing Statistics from October 2020 | CENTURY 21 Ocean

 

 

 
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Thanksgiving may look a little different for some people this year, but the sentiment of the holiday remains the same. Let us be thankful for the most important things in our lives - our health, our happiness, and our loved ones. Wishing you a very Happy Thanksgiving!

~ Barbara Schluraff

 
 
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CENTURY 21 Ocean has partnered with WEGO ministries. WEGO is a fantastic group of people that works in remote parts of the world, sharing and teaching the Christian faith. WEGO was founded in 1994 with a vision to share the Gospel of Jesus. They have pursued this great call through a wide range of ministries throughout the world. WEGO has established an orphanage in Mongolia and an orphanage, school, and community center in Nicaragua. They have also partnered with a local pastor in Ukraine to serve the country through a homeless ministry and a discipleship program. Right now, WEGO and the orphanage in Mongolia have an IMMEDIATE need. Our brokerage has partnered with WEGO ministries, and we are offering a $15,000 Matching Funds campaign to better care for the kids at New Hope Children's Home in Mongolia! The children's current home is unable to keep the children as cared for as they deserve. Mongolia has an extreme climate, with highs of 104°F in the summer to -40°F in winter. The 'converted' summer home the children currently live in stays warm by cow dung (lots of work) and has serious structural issues. In the winter, septic pipes freeze, and they must use an outhouse! With your help, we will build them a new home with all modern furnishings!

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Last week our brokerage and the team at Juice N Java signed up to run a virtual 5k to fight human trafficking. We believe that every human deserves to be free, and we chose to move our feet and raise our voices. We joined people from all over the country to “trot against trafficking” on November 21st. If this cause resonates with you and you want to consider donating to Rescue: Freedom International, we have posted the link below. Unity is a powerful thing, and we are honored to be uniting with abolitionists everywhere to reach the event goal of $25,000. 100% of the funds raised go directly to Rescue: Freedom and programs fighting trafficking in 21 countries.

RESCUE FREEDOM
 
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Has 2020 Got You Thinking It's Time For A Change?

So much has changed in only a few months' time, and "the new normal" has renters as well as homeowners reconsidering their relationship with where they live. If any of the scenarios below sound familiar to you, it could be time to make a move:

1. Everyone could use some space. Whether it's because the kids are out of school, or you and your roommates are spending every waking moment at home, there comes a time when there's no substitute for additional square feet.

2. A home office has become a 'must'. Have you found yourself (and maybe your significant other) all of a sudden working from home? Setting up and breaking down your ironing-board standing desk every day isn't going to cut it forever.

3. It's time to get busy living. Maybe city life has you burned out, or you're suddenly untethered from your office and you've always dreamed of a peaceful mountain cabin. If world events have you reconsidering what's important, it could be time to go for it.

4. You're prepared. Even if you've been saving for years, do your research and your income is secure, it still might feel like 2020 wants you to hit 'pause' on making a move. But if you are ready, you can lock in a rock-bottom interest rate in a market where the future is uncertain.

Whether it’s buying for the first time, moving up, or moving on - if you’re looking for a new way home, we can help!

 
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CENTURY 21 Ocean is proud to announce that Barbara Schluraff is one of Dave Ramsey's Endorsed Local Providers!

 
 
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A quick recap of the Brevard County Residential Report for October 2020:

  • Closed Sales are up +39.2% for October 2020 in which the number of units closed was 1,029 compared to 739 in October 2019, with an increase in cash sales of +14.8% compared to October 2019.
  • New Pending Sales are up +18.0% and New Listings are up +4.8%.
  • The Median Sales Price for Brevard Single Family homes is up +14.2% to $274,150 compared to a year ago, which was $240,000.
  • Months Supply of Inventory is down -46.4% to 1.5 months, a decrease from 2.8 months in October 2019.
  • Traditional Sales are up +41.2%, with a median sales price of $274,535.
  • Foreclosure/REO Sales are down -61.5%, with 5 sales and a median sales price of $244,000.
  • Short Sale Closings are down -100.0% with 0 closed sales compared to 1 sale in October 2019
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A quick recap of the Brevard County Townhouses/Condos for October 2020:

  • Closed Sales are up +27.7% for October 2020 in which the number of units closed was 281 compared to 220 in October 2019, with an increase in cash sales of +19.2% compared to October 2019.
  • New Pending Sales are up +9.0% and New Listings are down -10.8%.
  • Median Sales Price for Townhomes/Condos is up +15.1% to $213,000 compared to a year ago, which was $185,000.
  • Months Supply of Inventory is down -31.4% to 2.4 months in October 2020 from 3.5 months in October 2019.
  • Traditional Sales are up +28.6%, with a median sales price of $213,000.
  • Foreclosure/REO Sales are down -33.3%, with 2 closed sales compared to 3 closed sale in October 2019.
  • Short Sale Closings are unchanged with 0 closed sales in October 2020 and 0 closed sales in October 2019.
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We're taking a different approach to buying and selling Real Estate in Brevard County …….and people are noticing!!!!

CLICK TO READ MORE ABOUT Building & Supporting an All-Star Real Estate Team

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Brevard By The Sea Group
 
 
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As trained real estate professionals, we can help you get the results you want. From the very beginning, we will work together to define your needs and develop a plan for achieving your real estate goals. Throughout the process, we’ll keep those goals and your best interests in mind, and we’ll work hard to make sure all of your expectations are met. We won’t give up until the job is done to your satisfaction. When we work together, you can expect nothing less than the best. We have a history of satisfied customers, and I hope you’ll be next.

Give us a call today if you’re ready to get started.

 
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Our wide range of Brevard homes for sale go from beachfront, to riverfront, to condos, and more. Search our featured properties below for detailed listings in each Brevard County Community.

F E A T U R E D
 
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Connect with Us!

Keep up to date on all our news, get helpful tips, and more.

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Posted in Real Estate News
Sept. 29, 2020

Brevard County Market Update...Housing Statistics - September 2020

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Fall is in the air, and the slightly cooler temperatures bring the ability to enjoy the outdoors at most times of the day. Take-in and enjoy this epic weather we will start experiencing for many months! Real estate is still moving quickly with a seller's market. With an upcoming election, we might see a few ups and downs, just like the stock market. Still, with low inventory and continued interest from buyers in other states looking for a more relaxed, uncrowded way of life, sales remain strong. Whatever side of the fence you sit on politically, I hope we can all take a moment to practice kindness and gratitude. If you're a traveler like I've been, you have a great appreciation for our country and the ability for small things like relatively clean water every time we turn on our faucets. For most, our glasses are genuinely more than half full. All that and so much beauty in Brevard County...lot's to celebrate ~ Happy October!

 

-Barbara Schluraff | Broker/Owner, CENTURY 21 Ocean

B L O G
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CENTURY 21 Ocean has partnered with WEGO ministries. WEGO is a fantastic group of people that works in remote parts of the world, sharing and teaching the Christian faith. WEGO was founded in 1994 with a vision to share the Gospel of Jesus. They have pursued this great call through a wide range of ministries throughout the world. WEGO has established an orphanage in Mongolia and an orphanage, school, and community center in Nicaragua. They have also partnered with a local pastor in Ukraine to serve the country through a homeless ministry and a discipleship program. Right now, WEGO and the orphanage in Mongolia have an IMMEDIATE need. Our brokerage has partnered with WEGO ministries, and we are offering a $15,000 Matching Funds campaign to better care for the kids at New Hope Children's Home in Mongolia! The children's current home is unable to keep the children as cared for as they deserve. Mongolia has an extreme climate, with highs of 104°F in the summer to -40°F in winter. The 'converted' summer home the children currently live in stays warm by cow dung (lots of work) and has serious structural issues. In the winter, septic pipes freeze, and they must use an outhouse! With your help, we will build them a new home with all modern furnishings!

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You’re almost there. You’ve found the house of your dreams, you’ve made the offer and it has been accepted. Now you just need to complete the walk through and this house will finally be yours.

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To make your final walk-through as successful as possible, follow these tips!

 

Check the heat and AC

It doesn't matter if you're in the dog days of summer, turn on the heater — and then follow it with an air conditioning test. Problems with these systems could lead to significant expenses, and while you're no expert, it pays to turn them on and make sure they run. Don't forget that some parts of the system may be outside; be sure to include an outdoor trip in this part of your walk through.

Inspect the bathrooms

Check all the faucets and flush the toilet to ensure they work, and that they provide hot water when asked and don't leak or spray. You should also check the sink, shower, and toilet base for mold or water damage.

Review previous repairs

When you completed your home inspection, your home inspector may have handed you a report that included items the seller said they would fix. If this is true for you, your final walk-through is your chance to check on all of those promised repairs and ensure they happened.

If it's mechanical, run it.

 

The washing machine, dishwasher, dryer, oven, even the ceiling fans — a house is loaded with devices, and your walk-through is your chance to ensure they all work. Check them now, so you don't spend your first days making a speedy replacement in your new home.

 
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CENTURY 21 Ocean is proud to announce that Barbara Schluraff is one of Dave Ramsey's Endorsed Local Providers!

 
 
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A quick recap of the Brevard County Residential Report for August 2020:

  • Closed Sales are up +5.1% for August 2020 in which the number of units closed was 991 compared to 943 in August 2019, with a decrease in cash sales of -8.1% compared to August 2019.
  • New Pending Sales are up +22.1% and New Listings are down -3.5%.
  • The Median Sales Price for Brevard Single Family homes is up +14.7% to $268,500 compared to a year ago, which was $234,000.
  • Months Supply of Inventory is down -35.7% to 1.8 months, a decrease from 2.8 months in August 2019.
  • Traditional Sales are up +6.0%, with a median sales price of $269,900.
  • Foreclosure/REO Sales are down -29.4%, with 12 sales and a median sales price of $166,500.
  • Short Sale Closings are down -50.0% with 2 closed sales, and a median sales price of $400,000.
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A quick recap of the Brevard County Townhouses/Condos for August 2020:

  • Closed Sales are up +2.7% for August 2020 in which the number of units closed was 270 compared to 263 in August 2019, with a decrease in cash sales of -8.2% compared to August 2019.
  • New Pending Sales are up +24.5% and New Listings are up +14.8%.
  • Median Sales Price for Townhomes/Condos is up +20.4% to $222,750 compared to a year ago, which was $185,000.
  • Months Supply of Inventory is down -22.9% to 2.7 months in August 2020 from 3.5 months in August 2019.
  • Traditional Sales are up +3.5%, with a median sales price of $223,000.
  • Foreclosure/REO Sales are down -100.0%, with 0 closed sales compared to 2 closed sale in August 2019.
  • Short Sale Closings are unchanged with 1 closed sales in August 2020 compared to 1 closed sale in August 2019, and a median sales price of $92,000.
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We're taking a different approach to buying and selling Real Estate in Brevard County …….and people are noticing!!!!

CLICK TO READ MORE ABOUT Building & Supporting an All-Star Real Estate Team

 
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As trained real estate professionals, we can help you get the results you want. From the very beginning, we will work together to define your needs and develop a plan for achieving your real estate goals. Throughout the process, we’ll keep those goals and your best interests in mind, and we’ll work hard to make sure all of your expectations are met. We won’t give up until the job is done to your satisfaction. When we work together, you can expect nothing less than the best. We have a history of satisfied customers, and I hope you’ll be next.

Give us a call today if you’re ready to get started.

 
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Our wide range of Brevard homes for sale go from beachfront, to riverfront, to condos, and more. Search our featured properties below for detailed listings in each Brevard County Community.

F E A T U R E D
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Connect with Us!

Keep up to date on all our news, get helpful tips, and more.

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Profile Image Barbara Schluraff
Brevard By The Sea Group | CENTURY 21 Ocean
Barbara Schluraff | Broker
barbara@c21ocean.com
(321) 323-1212 - Work
www.century21ocean.com

Please feel free to call us at 321.323.1212 or email us at sales@c21ocean.com if you have any questions or are looking for a specific market report.

We have years of experience, and are here to assist you.

We look forward to hearing from you!

 

© 2020 Century 21 Real Estate LLC. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.

 

 
Posted in Real Estate News
Sept. 28, 2020

Mortgage Relief Options

 

Last week, we sat down with Norman Bocci, Mortgage Loan Originator, and Barbara Schluraff, Broker, at CENTURY 21 Ocean. Lenders and Real Estate agents have been seeing lots of questions regarding mortgage relief due to COVID-19. 

 

Check out this quick video on Mortgage Forbearance and your options when coming out of forbearance. 

 

 

 

Some helpful links! https://forbearancereport.org/

Find Out Who Owns Your Mortgage: If your mortgage is not owned by Fannie Mae or Freddie Mac, contact your mortgage company for more information.

*Check with your individual servicer to see current options available for your home loan. This is new to all of us things are changing and updating often.

 

Posted in Real Estate News
Sept. 17, 2020

Matching Funds For New Hope Children's Home In Mongolia

 

 

Hey Everyone, 

I hope this finds you in the best of health. We are asking for your help through the remainder of 2020 to HELP BUILD A HOME! 

CENTURY 21 Ocean has partnered with WEGO ministries. WEGO is a fantastic group of people that works in remote parts of the world, sharing and teaching the Christian faith. WEGO was founded in 1994 with a vision to share the Gospel of Jesus. They have pursued this great call through a wide range of ministries throughout the world. WEGO has established an orphanage in Mongolia and an orphanage, school, and community center in Nicaragua. They have also partnered with a local pastor in Ukraine to serve the country through a homeless ministry and a discipleship program. 

Right now, WEGO and the orphanage in Mongolia have an IMMEDIATE need. Our brokerage has partnered with WEGO ministries, and we are offering a $15,000 Matching Funds campaign to better care for the kids at New Hope Children's Home in Mongolia! The children's current home is unable to keep the children as cared for as they deserve. Mongolia has an extreme climate, with highs of 104°F in the summer to -40°F in winter. The 'converted' summer home the children currently live in stays warm by cow dung (lots of work) and has serious structural issues. In the winter, septic pipes freeze, and they must use an outhouse!

With your help, we will build them a new home with all modern furnishings!

This is a cause that is near and dear to my heart.

Head over to wego.org/century21ocean to double your kindness today and help us build a safer place for our kids to grow up and call home.

 

Posted in WEGO Ministries
Sept. 16, 2020

Tips for First Time Home Buyers in Brevard County

Some advice from our experts to help you find your ideal Space Coast home 

Nothing has quite affected the Brevard County real estate industry as quickly and robustly as COVID-19 has thus far in the spring, summer, and early fall of 2020. We have seen a boom in first time home buyers, people relocating to the Space Coast from other areas, healthy sale prices, and lower rates than ever! Now is the time to sell and buy! 

With rates as low as they are and the market as robust as it currently is, its prime time for first time home buyers. But many are intimidated by the thought of the process or overwhelmed with the steps that go into it. That’s why CENTURY 21 Ocean has put together our list of the top 5 tips for first time home buyers in Brevard County! 

Tips for First Time Homebuyers

1) Solidify & Improve Your Credit Score

Having a good credit score is imperative when buying your first home. Borrowers use your credit score to determine your loan rates, and if you’re even eligible to receive a loan. With a bad credit score, you can grossly overpay for a loan in the long term or even fail to qualify for one upfront, ending your home search before it begins. 

With rates as low as they are in the current environment, having a good credit score will allow you to take advantage of that perk. Here are some tips…

Stay current on all bills

Don’t make any major purchase around when you plan to buy a home

Don’t cancel any credit cards

2) Save Money

Saving money is one of the first steps you need to take as a first-time homebuyer. According to the US Census Bureau, the median sale price of a new home in 2020 is over $300,000. The costs associated with buying a new home can be enormous, not to mention the more money you can put down now, the better rate you can receive and less you’ll have to pay down the road. 

It’s safe to say that even if you are spending less than the US median, your house will be one of if not the most expensive thing you will ever buy. Also, money in hand during the buying process is powerful. 

You also need to keep in mind that you will be spending on things like a down payment, closing costs, escrow for insurance and taxes, agent fees, and more. So, save save save prior to buying a home! 

3) Understand What You Can Afford, Decide What You Want & Get Mortgage Approved

Prior to looking into loans or homes, we suggest understanding what you can afford, what you want, and then getting pre-approved for a mortgage BEFORE approaching a Realtor. 

Having a thorough understanding of what you can comfortably afford is pivotal to avoid overextending on a large loan, which can be disastrous. You don’t want to buy the home of your dreams and then realize you can’t really afford it! 

Once you have vetted what you can afford it’s time to start looking for a loan. Shop around, gather information and use resources such as hud.gov to find the best deal. Remember not all loans are equal, and not all loans are good for each borrower. Understand which best suits your needs and can work side by side with your down payment. We also suggest choosing a primary and a backup lender and just in case something doesn’t work out with your first choice. This will allow you to be much more flexible in the buying process and hold more power in the decision. 

4) Choose A Realtor

Understanding how to pick the right partner and ultimately choosing a realtor is vital to your success when buying your first home. A good agent will understand the market, the area, and your needs. They will help you navigate the buying process with minimal stress, allowing you to focus on your needs and desires in a home. 

In today's post-COVID-19 landscape it’s important to pick a Realtor with a good online presence, who understands the nuances associated with the landscape today. They will give you a leg up in the process and provide the best opportunity for you to find the home of your dreams! 

5) Visit Homes & Narrow Choices 

For first time home buyers, it is easy to “fall in love” with some of the first homes you see. But what many don’t realize is there is a lot under the surface of each home, and unfortunately that “fall in love” feeling leaves many newbies with huge renovation bills, and feeling of regret when they move in. 

Take your time, visit the neighborhood, test the commute, consider the real estate value, and walk through the home multiple times to ensure you know what you’re buying. Don’t put all your eggs in one home, find a few narrow your choices, then work with your agent o make an offer and find your first home! Remember this process is fun, enjoy it! 

So, if you’re looking for your first Space Coast home, you aren’t alone! Contact one of our great agents at CENTURY 21 Ocean for more information today! 

 

Posted in Buying Advice
Aug. 27, 2020

Brevard County Market Update...Housing Statistics - August 2020

 

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We hope summer treated you well, and you're adapting to some new or temporary new 'normals.' Although international and domestic travel is curtailed, don't forget to get out and explore the many local or regional highlights that we often take for granted. There is always a silver lining! The Seller's market in real estate continues in Brevard County, often with multiple offers on new listings. Our Listing team works hard to get the highest net proceeds possible for our Sellers, and our full-time Buyer's agents are savvy at presenting strong offers to Sellers that will stand out in this current market. Whether buying or selling, we all need to weigh the benefits of these historically low-interest rates. Our brokerage has been investing more time into commercial transactions as well. We've seen increased demand from South Florida and other areas, as their markets have some very unreasonable cap rates. More & more investors are knocking! Please call us if you have any residential or commercial real estate questions and/or are interested in buying or selling. Our top-ranking team would love the opportunity to speak with you.

Thank you to everyone who contributed to my Alaska hike to support and help raise awareness for human trafficking. It was an amazing 'adventure' from start to finish & we exceeded our goal!

Next on the list, our CENTURY 21 Ocean brokerage is launching a new fundraising campaign to help build a new orphanage in Mongolia! Exciting times for a non-profit that is near and dear to our hearts, WEGO Ministries. Mongolia has an extreme climate, with highs of 104°F in the summer to -40°F in winter. The 'converted' summer home the kids currently live in is heated by yak dung (lots of work) and has serious structural issues. In the winter, septic pipes freeze, and they are forced to use an outhouse!

Estimates for this project are still being finalized, but we estimate around $300k, give or take, for a solidly built, furnished, and efficient home. Being a communist country for many years, it's difficult for the orphanage directors in Mongolia to even dream or conceptualize new construction...so DREAM WITH US FOR THEM!

WEGO is completely funded by private donations. Our company will be dedicating MATCHING FUNDS OF $15,000 to this Children's Home project. Will you join us? Learn more here: https://wego.org/.

Stayed Tuned over the next few weeks and we will be rolling out more information on how and where you can help!

See the special message below from Zach Dodd, Director of Wego Ministries below!

 

-Barbara Schluraff | Broker/Owner, CENTURY 21 Ocean

G I V E
Map Of Mongolia
 
 
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We invite you to visit wego.org or wego.org/mongolia to learn more about what WEGO does and their demonstration of God’s great love.

 
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Whether you're planning to sell or refinance, a home appraisal is a necessary step in determining the true value of your home. This means your home should be in the best possible condition, so it will be appraised at the highest potential value. While it may be tempting to swing for the fences with big-ticket renovations, there are smaller things you can do to efficiently raise the market value of your home.

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Start Small with a Little Spackle:

If you've lived in your home for any length of time, you've probably hung things on the walls, put up shelves, or simply had accidents that resulted in minor damage. Now is the time to repair those blemishes. Filling these holes and crevices with a little spackle and painting over the area will leave your walls looking like new. While this may not boost the value of your home, it will keep the appraiser from deducting for the damage.

As Long as You're Painting...

After you've touched up your walls, you might want to consider freshening up the paint. Repainting worn trim and moldings around the home can give it a fresh look. Venture outside and touch up the trim around the windows and doors too. This will boost curb appeal and help you add value to the home. Any area where the paint is peeling, chipping, or simply has lost its luster should be retouched with a fresh coat.

Update Your Crawl Spaces:

An upgrade that's growing in popularity (and will grow your home value) is crawl space encapsulation. Crawl spaces are essential for providing homeowners and contractors with access to important systems of the home. However, these spaces are vulnerable to moisture and water damage caused by humidity and harsh weather conditions. In drier climates, dust and insects can interfere with HVAC systems. To protect crawl spaces, homeowners have started sealing these spaces with polyethylene barriers to keep out moisture, dust, and pests.

Do a Deep Clean:

This is also the time to really clean your home from top to bottom. If you have young children and pets, there may be odors and damage that might not be noticeable to you, but strong odors and scuffed hardwood floors will be the first things your appraiser notices. Consider hiring professionals to wax the floors, shampoo the carpets, and conduct an intensive cleaning of the entire home.

Conduct Other Repairs:

At some point, you should tour your home with the mindset of a home buyer. This will help you identify problems that you live with every day but just don't notice anymore. Look for things that need to be repaired, such as a loose handrail, a leaky faucet, or a shorted electrical outlet. Repairing these problems ahead of time will ensure you won't lose money on the appraisal. By taking the time to spruce up the home ahead of the appraisal, you may be able to increase the value by thousands of dollars. The suggestions offered here should give you a head start, but if you have additional questions on how to add more value to your home, don't hesitate to reach out to us.

 
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CENTURY 21 Ocean is proud to announce that Barbara Schluraff is one of Dave Ramsey's Endorsed Local Providers!

 
 
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Click the

photos below

for more info!

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A quick recap of the Brevard County Residential Report for July 2020:

  • Closed Sales are down +22.2% for July 2020 in which the number of units closed was 1,204 compared to 985 in July 2019, with a increase in cash sales of +7.4% compared to July 2019.
  • New Pending Sales are up +14.2% and New Listings are up +5.5%.
  • The Median Sales Price for Brevard Single Family homes is up +9.2% to $266,333 compared to a year ago, which was $244,000.
  • Months Supply of Inventory is down -31.0% to 2.0 months, a decrease from 2.9 months in July 2019.
  • Traditional Sales are up +21.8%, with a median sales price of $269,000.
  • Foreclosure/REO Sales are up +40.0%, with 21 sales and a median sales price of $151,000.
  • Short Sale Closings are up +100.0% with 4 closed sale, and a median sales price of $132,500.
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A quick recap of the Brevard County Townhouses/Condos for July 2020:

  • Closed Sales are up +13.2% for July 2020 in which the number of units closed was 325 compared to 287 in July 2019, with a increase in cash sales of +21.3% compared to July 2019.
  • New Pending Sales are up +4.0% and New Listings are up +5.0%.
  • Median Sales Price for Townhomes/Condos is up +17.5% to $215,000 compared to a year ago, which was $183,000.
  • Months Supply of Inventory is down -21.6% to 2.9 months in July 2020 from 3.7 months in July 2019.
  • Traditional Sales are up +14.5%, with a median sales price of $215,000.
  • Foreclosure/REO Sales are down -75.0%, with 1 closed sales and a median sales price of $49,350.
  • Short Sale Closings are unchanged with 0 closed sales in July 2020 compared to 0 closed sales in July 2019.
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We're taking a different approach to buying and selling Real Estate in Brevard County …….and people are noticing!!!!

CLICK TO READ MORE ABOUT Building & Supporting an All-Star Real Estate Team

 
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As trained real estate professionals, we can help you get the results you want. From the very beginning, we will work together to define your needs and develop a plan for achieving your real estate goals. Throughout the process, we’ll keep those goals and your best interests in mind, and we’ll work hard to make sure all of your expectations are met. We won’t give up until the job is done to your satisfaction. When we work together, you can expect nothing less than the best. We have a history of satisfied customers, and I hope you’ll be next.

Give us a call today if you’re ready to get started.

 
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Our wide range of Brevard homes for sale go from beachfront, to riverfront, to condos, and more. Search our featured properties below for detailed listings in each Brevard County Community.

F E A T U R E D
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Profile Image Barbara Schluraff
Brevard By The Sea Group | CENTURY 21 Ocean
Barbara Schluraff | Broker
barbara@c21ocean.com
(321) 323-1212 - Work
www.century21ocean.com

Please feel free to call us at 321.323.1212 or email us at sales@c21ocean.com if you have any questions or are looking for a specific market report.

We have years of experience, and are here to assist you.

We look forward to hearing from you!

 

© 2020 Century 21 Real Estate LLC. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.

 

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Century 21 Ocean
117 N Orlando Ave
Cocoa Beach, Florida 32931
United States
(321) 323-1212

Posted in Real Estate News
July 28, 2020

Housing Statistics - June 2020 | CENTURY 21 Ocean

 

 

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Yes, it's true what you are reading in the news. It is currently a Seller's market, and we've been very busy here at CENTURY 21 Ocean listing new properties and putting them under contract quickly. See below for more updates on some of the trends we are seeing. We aren't sure what the real estate market will look like for the long term and if the growth of aerospace industries and population growth in a coastal, mountain, and rural areas will offset a downturn when we do eventually see one. Of note from economist Lawrence Yun whom I respect: "New listings and new-home construction are urgently needed. Home-buyers want to lock in record-low mortgage rates. They know that in five years or so, consumer prices could accelerate due to the government's massive "printing" of money. Higher prices for food, tuition, heal care, rents, and real estate are inevitable. The only significant expenses holding steady are fixed-rate mortgage payments."

-Barbara Schluraff, Owner/Broker

pent-up demand for homes
 
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Defying Mediocrity &

Delivering Extraordinary Experiences

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Did you know that there are more human slaves now than at any time in recorded history? I will be doing a 3-day 39-mile hike at the beginning of August in the in the Chugach State Park of Alaska, outside of Anchorage. We will pack in all supplies (including bear spray ~ eeeeek!), staying in cabins at night along the trail. Chugach State Park covers nearly a half-million acres and has multiple access points from Girdwood to Chugiak. Human trafficking is the fastest-growing criminal enterprise in the world, and we are determined to do something about it! I hope you will consider supporting us as we come together and hike for FREEDOM! We are partnering with Rescue Freedom International because we love the work they are doing around the world to bring hope and healing to those in slavery. We have the gift of living free and want to use that gift to set people free! We are doing what we love, to fight what we hate.

-Barbara Schluraff

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What Will Homes Look Like In A Post-pandemic World?

A lot has changed in just a few months, and for many that includes the idea of what a 'dream home' looks like. Not long ago, buyers were showing preference toward smaller homes and open concept spaces conducive to gathering. After a few months cooped up inside, those features don't seem so appealing - and developers have taken note. "While the coronavirus still rages on, it's hard to predict what post-pandemic abodes might look like," according to Barrons.

"Yet, developers around the U.S. are already rethinking projects, anticipating residents' needs and preferences that Covid-19 would spur. In doing so, they are re-evaluating current in-unit aesthetics and in-demand amenities."

 

Here are just a few areas of home design where trends may shift in the coming years:

Home size:

Homes had been trending smaller, but that may be over. With so many families spending (way) more time around the home lately, there's never been more need for personal space. Expect homes to grow in size accordingly.

Prioritizing the home office:

As more and more businesses relax work-from-home policies, or shift to full-time remote work entirely, the home office will become a near-essential for many buyers. A space that was once an after-thought now will need to offer privacy, good lighting and be pre-wired for telecommuting.

Return to the closed-floor plan:

For some buyers, the appeal of the open-floor plan was already trending down prior to 2020, and the past few months have only made the reasons why more evident. Sharing more time and space at home demands privacy for school work, hobbies, and entertainment. With more meals being cooked at home, an open concept kitchen becomes noisy epicenter practically all day long. Builders expect a rise in demand for closed floor plans, where rooms are partitioned for purpose.

Smart technology:

This is already one of the fastest growing trends in home design, but smart home technology will soon move from a 'plus' to a 'must'. Temperature and lighting control can now be voice or motion-activated. Touch-less faucets, once thought superfluous, are now an inexpensive and health-conscious upgrade. Systems that filter air and monitor air quality will become more common and affordable.

 
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CENTURY 21 Ocean is proud to announce that Barbara Schluraff is one of Dave Ramsey's Endorsed Local Providers!

 
 
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Click the

photos below

for more info!

 
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A quick recap of the Brevard County Residential Report for

June 2020:

  • Closed Sales are up +13.6% for June 2020 in which the number of units closed was 1,050 compared to 924 in June 2019, with a decrease in cash sales of -1.7% compared to June 2019.
  • New Pending Sales are up +30.6% and New Listings are down -2.8%.
  • The Median Sales Price for Brevard Single Family homes is up +4.8% to $260,000 compared to a year ago, which was $248,000.
  • Months Supply of Inventory is down -27.6% to 2.1 months, a decrease from 2.9 months in June 2019.
  • Traditional Sales are up +12.6%, with a median sales price of $262,750.
  • Foreclosure/REO Sales are up +88.9%, with 17 sales and a median sales price of $157,500.
  • Short Sale Closings are up +300.0% with 4 closed sales in June 2020 compared to 1 closed sale in June 2019.
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A quick recap of the Brevard County Townhouses/Condos for

June 2020:

  • Closed Sales are down -3.3% for June 2020 in which the number of units closed was 231 compared to 239 in June 2019, with a increase in cash sales of +15.0% compared to June 2019.
  • New Pending Sales are up +11.1% and New Listings are down -22.8%.
  • Median Sales Price for Townhomes/Condos is up +8.8% to $217,500 compared to a year ago, which was $200,000.
  • Months Supply of Inventory is down -20.5% to 3.1 months in June 2020 from 3.9 months in June 2019.
  • Traditional Sales are down -1.7%, with a median sales price of $217,500.
  • Foreclosure/REO Sales are down -100.0%, with 0 sales and a median sales price of $0.
  • Short Sale Closings are down -100.0% with 0 closed sales in June 2020 compared to 1 closed sale in June 2019.
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We're taking a different approach to buying and selling Real Estate in Brevard County …….and people are noticing!!!!

CLICK TO READ MORE ABOUT Building & Supporting an All-Star Real Estate Team

 
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As trained real estate professionals, we can help you get the results you want. From the very beginning, we will work together to define your needs and develop a plan for achieving your real estate goals. Throughout the process, we’ll keep those goals and your best interests in mind, and we’ll work hard to make sure all of your expectations are met. We won’t give up until the job is done to your satisfaction. When we work together, you can expect nothing less than the best. We have a history of satisfied customers, and I hope you’ll be next.

Give us a call today if you’re ready to get started.

 
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Our wide range of Brevard homes for sale go from beachfront, to riverfront, to condos, and more. Search our featured properties below for detailed listings in each Brevard County Community.

F E A T U R E D
 

Connect with Us!

Keep up to date on all our news, get helpful tips, and more.

Facebook Twitter YouTube Pinterest Instagram
 
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Profile Image Barbara Schluraff
Brevard By The Sea Group | CENTURY 21 Ocean
Barbara Schluraff | Broker
barbara@c21ocean.com
(321) 323-1212 - Work
www.century21ocean.com

Please feel free to call us at 321.323.1212 or email us at sales@c21ocean.com if you have any questions or are looking for a specific market report.

We have years of experience, and are here to assist you.

We look forward to hearing from you!

 

© 2020 Century 21 Real Estate LLC. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.

Posted in Real Estate News
June 23, 2020

Brevard County Market Update...Housing Statistics - May 2020 | CENTURY 21 Ocean

 

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Defying Mediocrity &

Delivering Extraordinary Experiences

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Love Where You Live ~ Since the reopening across our county, we've encountered the pent up demand many predicted. Homeowners took the time to evaluate what is important to them and where they would like to shelter in place if needed again. Many listings are seeing multiple offers due to low inventory, sellers are taking this opportunity to list their home at a price they can be pleased with, and buyers are taking advantage of low-interest rates. We are seeing the usual interest from the Northeast states and Southeast Florida, along with increased interest now from Californians for a multitude of reasons.

 

So what say you? Are you in the property that makes you feel safe, secure, and refreshed? If not, contact us to discuss the value of your current property or current living situation so we can help you navigate the many choices available and make a smart decision for your lifestyle and finances. We sure Love Where We Live and want you to too!

-Barbara Schluraff

As always, it's our honor to serve you, please reach out with questions anytime!

 
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Easy fixes for features in that (near) perfect home

As you search for a house, you may find one that seems custom-made for you — except for a few features.

The good news? Many less-than-perfect features need not be deal breakers and can be brought up to your standards with minimal cost or effort. A short list of some of the easiest-to-fix elements of a home:

Cabinetry surfaces: If they’re sound but the finish is outdated, dark or too distressed, a paint job could be the answer. Also, cost-effective: Refacing them at about a third the cost of buying new.

Kitchen back-splashes: These are among the most common DIY projects. Options include everything from wood to stone to metal.

Outdated appliances: Replacing them with new models should be straightforward, and you may be able to negotiate price allowances.

Grungy carpeting: It usually can be easily ripped out and replaced with tile, wood, laminate or new carpeting.

Unappealing paint colors: A paint job should be relatively easy and cost-effective.

Light fixtures: Swapping out that orange plastic chandelier for something you like shouldn’t break the bank.

Popcorn ceilings: These can typically be scraped off and smoothed over with little fuss.

Beat-up wood floors: Hardwood floors can be refinished repeatedly and end up nearly as good as new.

Landscaping: Aside from trees, most elements can be dug up and rearranged without the need for special skills or equipment.

Fireplaces: Easy adjustments include painting brick, stone or tile and/or replacing the mantle.

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CENTURY 21 Ocean is proud to announce that Barbara Schluraff is one of Dave Ramsey's Endorsed Local Providers!

 
 
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Click the

photos below

for more info!

 
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A quick recap of the Brevard County Residential Report for May 2020:

  • Closed Sales are down -34.7% for May 2020 in which the number of units closed was 716 compared to 1,096 in May 2019, with a decrease in cash sales of -46.3% compared to May 2019.
  • New Pending Sales are up +17.8% and New Listings are up +1.6%.
  • The Median Sales Price for Brevard Single Family homes is up +4.5% to $250,000 compared to a year ago, which was $239,208.
  • Months Supply of Inventory is down -10% to 2.7 months, a decrease from 3.0 months in May 2019.
  • Traditional Sales are down -34.3%, with a median sales price of $251,500.
  • Foreclosure/REO Sales are down -40.7%, with 16 sales and a median sales price of $170,500.
  • Short Sale Closings are down -100% with no closed sales in May 2020 compared to 4 closed sales in May 2019.
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A quick recap of the Brevard County Townhouses/Condos for May 2020

  • Closed Sales are down -43.8% for May 2020 in which the number of units closed was 167 compared to 297 in May 2019, with a decrease in cash sales of -46.0% compared to May 2019.
  • New Pending Sales are down -1.1% and New Listings are down -8.8%.
  • Median Sales Price for Townhomes/Condos is down -10.2% to $168,000 compared to a year ago, which was $187,000.
  • Months Supply of Inventory is down -12.5% to 3.5 months in May 2020 from 4.0 months in May 2019.
  • Traditional Sales are down -43.8%, with a median sales price of $178,500.
  • Foreclosure/REO Sales are down -40.0%, with 3 sales and a median sales price of $105,000.
  • Short Sale Closings are unchanged at 0.0% with 0 closed sales in May 2020 compared to 0 closed sales in May 2019.
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We're taking a different approach to buying and selling Real Estate in Brevard County …….and people are noticing!!!!

CLICK TO READ MORE ABOUT Building & Supporting an All-Star Real Estate Team

 
image
 
 
image
image
 

As trained real estate professionals, we can help you get the results you want. From the very beginning, we will work together to define your needs and develop a plan for achieving your real estate goals. Throughout the process, we’ll keep those goals and your best interests in mind, and we’ll work hard to make sure all of your expectations are met. We won’t give up until the job is done to your satisfaction. When we work together, you can expect nothing less than the best. We have a history of satisfied customers, and I hope you’ll be next.

Give us a call today if you’re ready to get started.

 
image

Our wide range of Brevard homes for sale go from beachfront, to riverfront, to condos, and more. Search our featured properties below for detailed listings in each Brevard County Community.

F E A T U R E D
 

Connect with Us!

Keep up to date on all our news, get helpful tips, and more.

Facebook Twitter YouTube Pinterest Instagram
 
image
 
image
Profile Image Barbara Schluraff
Brevard By The Sea Group | CENTURY 21 Ocean
Barbara Schluraff | Broker
barbara@c21ocean.com
(321) 323-1212 - Work
www.century21ocean.com

Please feel free to call us at 321.323.1212 or email us at sales@c21ocean.com if you have any questions or are looking for a specific market report.

We have years of experience, and are here to assist you.

We look forward to hearing from you!

 

© 2020 Century 21 Real Estate LLC. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.

 
Posted in Real Estate News