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

 
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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 18, 2020

Real Estate Buying Mistakes

Buying a home is one of the biggest financial decisions you can make. Purchasing real estate can feel overwhelming. It is, after all, probably the biggest transaction of your life. That’s where we come in. Put our local expertise to work for you. Our job is to put your interests above all else and find the right home for you. We want to help you AVOID making the 3 Biggest Mistakes buyer's make in our market.

Posted in Real Estate News
May 27, 2020

Brevard County Market Update | Housing Statistics - April 2020

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S T A Y S A F E | S T A Y H E A L T H Y

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The Brevard County Real Estate market was booming pre-COVID-19, so what will happen Summer and Fall of 2020? If the world continues to move toward recovery and reopening, my prediction is that our real estate market will stay healthy. Inventory is at low lows, and buyers will want primary or second homes with fewer crowds or a coastal, more tranquil life. I hope that COVID-19 will remind people to live their lives to the fullest. There are no signs of desperate sellers, and the market has behaved very normally mid-April and May. Always note that we are closely watching market data, though, so we are here to guide you in making the best decision for your real estate investment/s.

Our team is glad to set up a time with you to meet virtually through Facetime or a Zoom call. Rest assured, houses are still going under contract within our market, so though we are social distancing, we can bring you closer to your home goals. We offer the following services to continue safe operations: Virtual Tour of Properties, Virtual Listing or Buyer Consultation Appointments with Electronic Signatures, Live, Virtual & Filmed Open Houses, By Appointment Only Open Houses and more. Call, email, or visit us at our NEW location in downtown Cocoa Beach for more information!

-Barbara Schluraff

 
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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 April 2020:

  • Closed Sales are down -23.1% for April 2020 in which the number of units closed was 767 compared to 998 in April 2019, with a decrease in cash sales of -50.5% compared to April 2019.
  • New Pending Sales are down -35.5% and New Listings are down -16.9%.
  • The Median Sales Price for Brevard Single Family homes is up +7.1% to $255,000 compared to a year ago, which was $238,000.
  • Months Supply of Inventory is down -6.5% to 2.9 months, a decrease from 3.1 months in April 2019.
  • Traditional Sales are down 21.2%, with a median sales price of $256,000.
  • Foreclosure/REO Sales are down -80.6%, with 6 sales and a median sales price of $210,250.
  • Short Sale Closings are down -66.7% with 1 closed sale in April 2020 compared to 3 closed sales in April 2019.
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A quick recap of the Brevard County Townhouses/Condos for April 2020:

  • Closed Sales are down -27.3% for April 2020 in which the number of units closed was 186 compared to 256 in April 2019, with a decrease in cash sales of -41.4% compared to April 2019.
  • New Pending Sales are down -43.0% and New Listings are down -34.3%.
  • Median Sales Price for Townhomes/Condos is up +23.9% to $214,950 compared to a year ago, which was $173,500.
  • Months Supply of Inventory is down -10.3% to 3.5 months in April 2020 from 3.9 months in April 2019.
  • Traditional Sales are down -28.0%, with a median sales price of $214,950.
  • Foreclosure/REO Sales are up +50.0%, with 3 sale and a median sales price of $193,250.
  • Short Sale Closings are unchanged at 0.0% with 0 closed sales in April 2020 compared to 0 closed sale in April 2020.
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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
 
image
 
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Profile Image Barbara Schluraff
Brevard By The Sea Group | CENTURY 21 Ocean
Barbara Schluraff | Broker
barbara@c21ocean.com
(321) 720-3878 - Mobile | (321) 323-1212 - Work
www.century21ocean.com

Please feel free to call me at 321.720.3878 or email me at barbara@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
April 22, 2020

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

 

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S T A Y S A F E | S T A Y H E A L T H Y

 

We all have many concerns related to the COVID-19 pandemic with our health, loved ones, businesses & investments. In regards to your real estate investment/s, we feel strongly that the real estate market will make a strong recovery out of this temporary recession. Please take a look at some of the essential economic data as it pertains to this strong recovery. Please know we understand your concerns and are here to listen, provide market data, and help in any way possible.

-Barbara Schluraff

 
Dot. com & 9/11 Crash
 
Home Price Change
V- shaped recovery
 
Year Over Year Inventory
 
 
 

Have you ever tried Astronaut Ice Cream? What do you think it tastes like? Lucky Charms Marshmallows? That's what these two thought. Follow along with Barbara and our friends and Ideal Impact Media on Part 2 of their tour of Kennedy Space Center Visitor Complex where they also take part in the space shuttle launch simulation. 3-2-1 | Let's Go!

 
 
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NOW

EASIER

TO

USE

AND

NAVIGATE

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

  • Closed Sales are up +9.3% for March 2020 in which the number of units closed was 985 compared to 901 in March 2019, with a decrease in cash sales of -2.1% compared to March 2019.
  • New Pending Sales are down -18.8% and New Listings are up +8.5%.
  • The Median Sales Price for Brevard Single Family homes is up +14.0% to $259,571 compared to a year ago, which was $227,700.
  • Months Supply of Inventory is down -20.6% to 2.7 months, a decrease from 3.4 months in March 2019.
  • Traditional Sales are up +10.4%, with a median sales price of $260,000.
  • Foreclosure/REO Sales are down -30.4%, with 16 sales and a median sales price of $149,750.
  • Short Sale Closings are unchanged 0% with 2 closed sale in March 2020 compared to 2 closed sales in March 2019.
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A quick recap of the Brevard County Townhouses/Condos for March 2020:

  • Closed Sales are up +2.9% for March 2020 in which the number of units closed was 282 compared to 274 in March 2019, with a decrease in cash sales of -2.2% compared to March 2019.
  • New Pending Sales are down -26.3% and New Listings are down -4.8%.
  • Median Sales Price for Townhomes/Condos is up +10.8% to $205,000 compared to a year ago, which was $185,000.
  • Months Supply of Inventory is down -14.6% to 3.5 months in March 2020 from 4.1 months in March 2019.
  • Traditional Sales are up +4.1%, with a median sales price of $205,000.
  • Foreclosure/REO Sales are down -66.7%, with 1 sale and a median sales price of $160,000.
  • Short Sale Closings are unchanged 0.0% with 0 closed sales in March 2020 compared to 1 closed sale in March 2020.
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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
 
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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.

 
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) 720-3878 - Mobile | (321) 323-1212 - Work
www.century21ocean.com

Please feel free to call me at 321.720.3878 or email me at barbara@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
March 26, 2020

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

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Barbara Schluraff talks the market, what the experts are saying, what might happen, things you can do now....

Click to watch her Live Facebook Video!

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Some links you might find helpful right now.

Coronavirus (COVID-19) Help Is Available

COVID-19 Assistance- Mortgage Help Is Available

Freddie Mac Loan Look-up Tool

Fannie Mae

Fannie Mae Loan Look-up Tool

 

We Are Here To Help & Guide
 
 

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

  • Closed Sales are up +4.4% for January 2020 in which the number of units closed was 695 compared to 666 in February 2019, with a decrease in cash sales of -18.4% compared to February 2019.
  • New Pending Sales are up +16.2% and New Listings are up +4.7%.
  • The Median Sales Price for Brevard Single Family homes is up +7.8% to $248,000 compared to a year ago, which was $230,000.
  • Months Supply of Inventory is down -27.8% to 2.6 months, a decrease from 3.6 months in February 2019.
  • Traditional Sales are up +4.9%, with a median sales price of $250,000.
  • Foreclosure/REO Sales are down -8.3%, with 22 sales and a median sales price of $162,550.
  • Short Sale Closings are unchanged 0% with 3 closed sale in February 2020 compared to 3 closed sales in February 2019.
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A quick recap of the Brevard County Townhouses/Condos for February 2020:

  • Closed Sales are down -0.9% for February 2020 in which the number of units closed was 210 compared to 212 in February 2019, with a decrease in cash sales of -17.6% compared to February 2019.
  • New Pending Sales are up +4.8% and New Listings are down -5.8%.
  • Median Sales Price for Townhomes/Condos is up +21.5% to $210,750 compared to a year ago, which was $173,500.
  • Months Supply of Inventory is down -21.4% to 3.3 months in February 2020 from 4.2 months in February 2019.
  • Traditional Sales are down -1.0%, with a median sales price of $212,500.
  • Foreclosure/REO Sales are unchanged 0%, with 3 sales and a median sales price of $72,100.
  • Short Sale Closings are unchanged 0.0% with 0 closed sales in February 2020 compared to 0 closed sales in February 2020.
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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) 720-3878 - Mobile | (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.

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
Feb. 27, 2020

Tips to get your Space Coast House Ready For the Spring Real Estate Market

Tips To Get Your Space Coast House Ready For The Spring Real Estate Market

Springtime brings sunshine, showers, and buyers. Spring also brings warmer weather, and people tend to shop for homes as the weather gets warmer, meaning Spring also offers plenty of opportunities for home staging

Make the most of the spring season to attract more buyers, and prepare your home for the prime selling season. Buyers are looking for the best home in excellent condition, with all its best features centrally showcased. 

Here are a few tips from CENTURY21 Ocean to help prepare your home and get the most out of this year’s buying season! 

Preparing Your Home For the Spring Market

CENTURY 21 Ocean understands the value of taking the spring season to ensure your home as prepared as possible for the market. 

Here is a brief checklist of the interior, exterior, and general tasks that should be reviewed during the warming seasons. A sparkling clean home, with everything buttoned up as nicely as possible, will impress buyers, lower your time on the market, and get the highest selling price possible. 

Exterior Tasks To Complete When Preparing A Home For The Spring Real Estate Market

The curb appeal of a home can is a major deciding factor for buyers when it comes to considering and buying a home.

If a buyer drives by or views a property online that seems neglected from the exterior, they may choose not to even look at the home. Below are some of the key exterior tasks to review when preparing your home for the spring real estate market.

Trim shrubs and bushes

Plant bright flowers and plants

Plant grass seed or grass patches if the lawn is thinning

Clean windows

Paint faded or peeling paint, if applicable

Wash siding, if applicable

Reseal driveway, if needed

Freshly mulch flowerbeds and gardens

Clean and inspect gutters and downspouts

Pressure wash driveway & walkways

Remove spider webs

Clean screen & screen skeleton, if applicable

Inspect roof

Interior Tasks To Complete When Preparing A Home For The Spring Real Estate Market

Below are some important interior checklist tasks to review when preparing a home for sale.  Many of the tasks below are low-cost home preparation tips and, in many cases, cost nothing except for a little time and effort.

Declutter home of furniture and items

Clean windows

Wash and polish flooring

Vacuum and steam clean any carpeting

Organize all closets and storage areas

Fix all light fixtures & replace if needed

Clean all fans – replace if out of date 

Repaint/Neutralize rooms, if necessary

Deep clean appliances

Make sure the home feels fresh and inviting

Service and clean your HVAC systems (furnace & central air conditioning)

Inspect the plumbing

Bring fresh spring aromas indoors. Spring is not only a warm, colorful season but a fragrant one, as well. Bring the aroma of spring indoors. Scents can have a profound effect on mood, so infusing spring scents into your home with diffusers, candles, or fresh cut flowers can improve the overall appeal of a home.  

Also, don't forget about proper lighting, keep blinds open during showings, use higher watt bulbs, and update any old or outdated fixtures.

Interview Prospective Realtors® & Create A Game Plan

In addition to preparing your house physically, you'll want to think about your overall selling strategy.

One of the most important components of a successful home sale is the process of interviewing and hiring the right real estate agent to help you with the process of selling your home. Choosing a qualified real estate agent begins with knowing how to interview prospective Realtors® and knowing which essential questions to ask during the interview process.  

Having a top real estate agent on your side can truly make the difference when selling a home in a competitive spring market. A top Realtors® will work with you to create an effective game plan that will lead to a successful home selling experience. 

Below are three areas where a real estate agent will help to create a sound selling strategy that will ultimately lead to a successful spring sale.

When Should You List Your Home?

Timing the spring real estate market is essential. Listing your home for sale too early or too late can cost you a fast sale. An experienced real estate agent can discuss the local market conditions in order to determine the best time to enter the market and list your home for sale.

Your real estate agent will analyze statistics from previous sales to determine the optimum time to list a home for sale in a particular area. 

Sellers who are going to be listing their home in the spring real estate market should become familiar with common real estate terms such as; market absorption rate, and average days on the market, and inventory from their real estate agent.

Winning the Pricing Game

After hiring the best listing agent for your sale, the next most important decision is working with your realtor to come up with an effective initial listing price; this is especially important when preparing to sell your home during the competitive spring real estate market.

There are many dangers with overpricing a home. 

The first few weeks that a home is newly listed are the most critical, and if your listing price is not accurate, you could lose buyers or leave money on the table by selling to low. It's essential sellers understand the importance of the first 30 days a home is on the market.

If a seller has hired an agent that they feel confident in, then they should value their Realtors® expert opinion when deciding an initial listing price.

Begin Planning For Your Move

Here are a few more tips on how to prepare for a red-hot spring real estate market. 

One of the best tips to make moving more manageable and less stressful is to begin packing while decluttering your home. As you come across items that you want to remove while your home is on the market, begin placing these items in boxes or storage. 

For example, if you are clearing out a closet and replacing winter clothing with summer clothing, place the winter clothing in a box that is labeled winter clothing. This can make the task of unpacking at your new home much more manageable if everything is organized and clearly labeled.

Are You & Your Family Prepared for the Rush of the Spring Real Estate Market?

As we have mentioned before, the spring real estate market is often hectic and fast-paced.

It's important that a seller and their family are prepared to accommodate showings with reasonable notice and try to accommodate anytime they can.  

Sellers who turn away showings because it is an inconvenience for them may potentially be costing themselves the sale of their home.

Final Thoughts

The spring real estate market is an exciting time to sell and prepare a home, and if you take the necessary steps, it can be very lucrative! 

With the help of a top real estate professional assisting you, and by following a few simple tips on how to prepare your home for the spring real estate market, it can be a very easy process. The timing of a spring market will vary from location to location, but spring will be here before you know it, and it is always best to get an early start.

To learn more please contact our team at CENTURY21 Ocean today

 

Posted in Real Estate News
Feb. 25, 2020

Brevard County Market Update...Housing Statistics from JANUARY 2020

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It may be your first house, your dream home, or an income property but when you decide to break up with your home it can be an emotional and challenging experience.

Chances are your house is not merely a place that you've lived in; it's your home. It's the place where you’ve spent your time day in and day out, created countless memories in, and perhaps even the place where you raised or started your family! All of these issues cause for added stress during the selling process.

In this article, we'll explore how a Realtor® can make this life transition a much less stressful experience and produce the most optimal results for you!

 

 
 
 
 
 
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Click the properties below to view more info!

P R O P E R T Y S P O T L I G H T S
 
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A quick recap of the Brevard County Residential Report for January 2020:

  • Closed Sales are up +15.0% for January 2020 in which the number of units closed was 599 compared to 521 in January 2019, with an increase in cash sales of +9.3% compared to January 2019.
  • New Pending Sales are up +12.0% and New Listings are down -1.3%.
  • The Median Sales Price for Brevard Single Family homes is up +5.5% to $240,982 compared to a year ago, which was $228,463.
  • Months Supply of Inventory is down -27.8% to 2.6 months, a decrease from 3.6 months in January 2019.
  • Traditional Sales are up +14.9%, with a median sales price of $244,900.
  • Foreclosure/REO Sales are up +18.8%, with 19 sales and a median sales price of $118,000.
  • Short Sale Closings are unchanged 0% with 1 closed sale in January 2020 compared to 1 sale in January 2019.
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A quick recap of the Brevard County Townhouses/Condos for January 2020:

  • Closed Sales are up +19.0% for January 2020 in which the number of units closed was 175 compared to 147 in January 2019, with an increase in cash sales of +7.3% compared to January 2019.
  • New Pending Sales are up +17.9% and New Listings are down -6.7%.
  • Median Sales Price for Townhomes/Condos is up +0.4% to $170,000 compared to a year ago, which was $169,400.
  • Months Supply of Inventory is down -19.0% to 3.4 months in January 2020 from 4.2 months in January 2019.
  • Traditional Sales are up +20.7%, with a median sales price of $170,000.
  • Foreclosure/REO Sales are down -100%, with 0 sales and a median sales price of $N/A.
  • Short Sale Closings are unchanged 0.0% with 0 closed sales in January 2020 compared to 0 closed sales in January 2020.
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We're taking a different approach to buying and selling Real Estate in Brevard County …….and people are noticing!!!!

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Love live music played in a beautiful outdoor setting? Welcome to Cottage Row Sessions at CENTURY 21 Ocean. We want to share our Love of Art & Music and Cocoa Beach with you, that's why we created Cottage Row Sessions! We have this beautiful front porch (& back porch to come soon) that we want to share.

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delivering an exceptional customer experience every.single.time.

R E V I E W S
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Our wide range of Brevard homes for sale go from beachfront to the 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) 720-3878 - Mobile | (321) 323-1212 - Work
www.century21ocean.com
 
Posted in Real Estate News
Feb. 3, 2020

3 Big Reasons To Hire A Real Estate Agent

 

 

It may be your first house, your dream home, or an income property but when you decide to break up with your home it can be an emotional and challenging experience. 

Chances are your house is not merely a place that you've lived in; it's your home. It's the place where you’ve spent your time day in and day out, created countless memories in, and perhaps even the place where you raised or started your family! All of these issues cause for added stress during the selling process. 

In this article, we'll explore how a Realtor® can make this life transition a much less stressful experience and produce the most optimal results for you! Their industry expertise will allow you to focus on the bigger picture of getting your home sold for 

1)The Highest Price

2) In the Shortest Period of Time 

3) With Limited to No Stress

That means a higher net profit in a much shorter period of time, maximizing your return. 

1) Sell Your Home for More With a Real Estate Agent

A 2019 study indicated that agent listed homes sold for 23% more than "for sale by owner" properties in the same market. For the Brevard County market, the Median sale price of properties sold using a Realtor® was $235,000, and the average sale price of "for sale by owner" or FSBO properties was $180,950. That’s 23% increase in median sale price for properties listed with a Realtor®! 

Tap Into the Home Pricing Expertise of Your Agent.

Most homeowners have a good idea of how much their house is worth, but their emotions, blind spots, and inaccurate data may cloud their perspective.  Some fascinating work by behavioral economists coined this phenomenon, the Endowment Effect. By working with a Realtor®, you can develop an accurate, unbiased, and realistic listing price.

Realtors® such as our amazing team at CENTURY 21 Ocean, know the Brevard County neighborhoods, the current Brevard County market conditions, and they know all the comparable housing data you’ll need to sell your home at the highest cost possible. 

All of these things factor into pricing your home accurately. A Realtor® is an expert in home prices for your area and can provide you with access to accurate sales data and professional advice to arrive at a fair market value for your listing price. 

When you work with an agent they will help walk you through the amount you would like to sell the home for and compare that to what other homes are selling for right now, and together, you can come up with the best initial listing price for your home. Your Realtor® wants you to get the highest possible price for your home, but they will have a realistic perspective that an emotionally attached seller may not have. Using a professional Realtor® gives you someone emotionally removed from the situation that's still on your side. Realtors® are an invaluable resource to have when trying to price your home accurately. 

Online home pricing estimates are precisely that, estimates based on location, and square footage guesstimates. This method of pricing is not nearly as accurate as an actual market analysis conducted by professionals such as our Century21 OCEAN team -  that will give you an honest, precise price opinion based on their market assessment, and years of experience. They will base their assessment on a very detailed comparative market analysis and a visual inspection of your home and then compare that data to the current market inventory to help accurately formulate the optimum initial listing price. 

Realtors® also, actively track local and national real estate market conditions, and have knowledge of potential market conditions that could affect your home's value and salability, ensuring that your home is listed for the most accurate listing price to draw buyer interest and help you sell for the best possible price.

2) Time on the Market

On average, for sale by owner or FSBO homes take 19 days longer to sell than homes listed with an agent.

Multiple Listing Service (MLS)

Realtors® have access to their Multiple Listing Service (MLS). The MLS is the industry database of current homes for sale. Having your home on the MLS greatly increases your listings market exposure leading to more showings and more offers. By hiring a Realtor®, information about your home will be instantly available to all the real estate agents in your area, and buyers' agents will bring your home to their clients' attention. Access to list your home in the MLS is one of the top benefits of using a professional Realtor®.

Realtors® Know What to Look For

Your Realtor® will be alert for issues that you may not have considered, such as furnace or HVAC issues, plumbing leaks, roofing problems, potential mold, and insect issues. A Realtor® will recognize the telltale signs of these problems and know how best to approach each situation and protect yourself through legal disclosure. Your Realtor® will be able to provide referrals of qualified home inspectors and contractors should your home need additional inspections or repairs. 

Industry Experts

Some sellers are intimidated by the complexity of modern real estate transactions; after all, there are a lot of moving parts, legally binding contracts, timelines that have to be met, and legal disclosures. When an expert Realtor® is involved, a transaction has a seemingly effortless flow to it. They will manage negotiations, transaction complexities, marketing, and client expectations. Having a professional real estate agent moves the whole selling process along smoothly within the transaction timelines.

An experienced Realtor® can help you get your home ready to sell, address any housing-code or zoning violations, and suggest improvements to help your home sell for the highest price possible.

Your Realtors® experience and knowledge can end up saving you thousands of dollars in the selling process. 

3) Avoid Seller Stress.

Don’t Sweat the Paperwork

Selling a home comes with a lot of paperwork, there's no avoiding it, but your Realtor® can organize, prepare, and execute all of the documents you'll need to complete your transaction. Your Realtor® will draft the sales documents for you and work with a title company or attorney to prepare the closing documents to finalize the transaction.

In this day and age, the process of purchasing a home can include ten or more page purchase agreements, federal and state-mandated disclosures, or local disclosures. One mistake or unsigned document can lead to complications that may hinder, or even derail the sale process. When you hire a Realtor®, they are responsible for helping you complete the necessary paperwork and meet all of the transaction deadlines.

Attention to Detail

You may be out of your area of expertise when it comes to reviewing and understanding the stacks of contracts and legal documents involved in a real estate transaction. You should have a thorough understanding of all of the required documents that you agree to. Purchase agreements alone can easily top 10 pages, not to mention all of the federal, state, and local document requirements. 

Luckily, your agent will be familiar with the required paperwork and will be able to explain it to you in detail. Mistakes or omissions in these legally binding documents can cost you thousands of dollars or the loss of a sale. 

Connections are Key

When planning to sell your home, you may need the assistance of other housing professionals, including; inspectors, contractors, and moving companies. With the help of a trusted Realtor®, you will have an easier time finding professionals that are licensed, qualified, and well respected.

Follow Laws, Legal Guidelines, and Regulations.

You likely aren't versed in all of the current laws and legalities of selling a home in today's ever-changing real estate market. There are strict guidelines to follow and legal disclosures to abide by to navigate the selling process effectively.  Required disclosures vary based on location, and you have two choices: learn these rules yourself or simply hire someone who already knows them and navigates them daily. 

Issues After Closing. 

Many issues can pop up after a closing that might have been overlooked during the selling process. A Realtor® will remain as a point of contact for these questions even after you have sold and closed on your home.

Privacy, Confidentiality, and Fiduciary Duty

Your Realtor® always has your best interest in mind. Realtors® have a "fiduciary" responsibility to their clients and are legally obligated to put their clients' best interests first and foremost. This duty imparts a very high standard for confidentiality and expert professionalism. 

You Don't Have to be a Real Estate or Legal Expert. That's another of the many benefits of using a Realtor®. An experienced Realtor® can save countless hours and thousands of dollars for sellers who don't fully understand the nuanced process of executing contracts and legally transferring the rights to a home.

The Bottom Line

When preparing to sell your home, a Realtor® will have the industry knowledge and experience you may lack. Hiring a professional Realtor® will relieve that burden and make the process of selling your home a much simpler and more profitable experience.

There’s a lot that goes into selling a house that most people may not have considered. Realtors® do much more than just property showings for potential buyers and running legal documents around to get signed. They know all the ins and outs of selling a home specific to your market and the current market conditions. Having a professional Realtor® on your side to assist you in the sale of your home is an invaluable advantage. 

The research is conclusive, hiring a Realtor® to sell your home will lessen the stress of selling while getting your home sold for a higher net price.

Copyright © CENTURY 21 Ocean All rights reserved. “

Posted in Real Estate News
Jan. 31, 2020

Brevard County Market Update...Housing Statistics from December 2019 | CENTURY 21 Ocean

 

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We're very excited about the new year for many reasons; these include moving to our new location in downtown Cocoa Beach in our newly renovated 1939 cottage, the team structure we implemented in our brokerage last year, and the vigorous real estate market conditions we've been experiencing.

Interesting and Exciting Trends are happening in Brevard County! Click to watch more right now!

 

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Brevard County has tons to offer for people of all ages who are looking to move to Florida or moving from another part of the Sunshine State. Whether it be the white sand beaches that line the Space Coast, the year-round beach weather, or the fun activities for all ages; Brevard County has something for everyone.

Read More Here!
 
 
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This private, gated 5+ acre retreat on over 300ft of shoreline is teeming with wildlife, ever-changing colorful sunrises & modern comforts. Interested in this property?

If you'd like to learn more about this property or other luxury homes in Brevard County, please contact:

Barbara Schluraff, CENTURY 21 Ocean | 321.720.3878

 
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Click the properties below to view more info!

P R O P E R T Y S P O T L I G H T S
 
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A quick recap of the Brevard County Residential Report for December 2019:

  • Closed Sales are up +19.2% for December 2019 in which the number of units closed was 893 compared to 749 in December 2018, with a decrease in cash sales of -4.5% compared to December 2018.
  • New Pending Sales are up +12.4% and New Listings are up +7.1%.
  • The Median Sales Price for Brevard Single Family homes is up +8.3% to $248,000 compared to a year ago, which was $229,000.
  • Months Supply of Inventory is down -23.5% to 2.6 months, a decrease from 3.4 months in December 2018.
  • Traditional Sales are up +22.8%, with a median sales price of $249,000.
  • Foreclosure/REO Sales are down -41.7%, with 21 sales and a median sales price of $158,000.
  • Short Sale Closings are down -100.0% with 0 closed sale in December 2019 compared to 3 sale in December 2018.
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A quick recap of the Brevard County Townhouses/Condos for December 2019:

  • Closed Sales are up +31.3% for December 2019 in which the number of units closed was 252 compared to 192 in December 2018, with an increase in cash sales of +1.1% compared to November 2018.
  • New Pending Sales are up +15.2% and New Listings are up +8.5%.
  • Median Sales Price for Townhomes/Condos is up +3.7% to $191,850 compared to a year ago, which was $185,000.
  • Months Supply of Inventory is down -15.8% to 3.2 months in December 2019 from 3.8 months in December 2018.
  • Traditional Sales are up +33.0%, with a median sales price of $194,350.
  • Foreclosure/REO Sales are down -50.0%, with 2 sales and a median sales price of $78,075.
  • Short Sale Closings are unchanged with 0 closed sales in December 2019 compared to 0 closed sales in December 2018.
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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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Posted in Real Estate News