by paul-kitchen on March 22, 2009
It’s been a few weeks since my last Vero Beach Real Estate update. My lead buyers agent Cheryl Goff has been extremely busy working with a lot of different buyers from all over the place, and we’ve both written offers this week on great properties for sale here. I also won a long standing arbitration case this past week, so the good guy can still win.
As far as the latest Vero Beach Market Statistics, we’ve started to notice that properties we’ve shown recently are no longer available, having gone under contract rather quickly. We’ve even lost a couple deals here lately because it turned out to be a multiple offer situation, and our buyers were out-bid. I agree with what Donald Trump said on CNN last week, that this may turn out to be one of the best times in history to buy real estate. Think about it: The year is 2009, and yet many of our clients are getting 2003 and 2004 pricing on things – it’s ridiculous. Interest rates are lower than in the boom as well. As our web traffic keeps going up, we can’t impress upon folks enough that we are running into multiple offer situations, just like the old days. What does that mean? There are only so many great deals out there, and you must be prepared to move quickly, and make an educated offer, because those that don’t are leaving town empty handed. We’re not making this up. If you follow the weekly Vero Beach Real Estate Sales that I post, the average list to sell ratio is 88% or higher. And some properties sell above asking price.
We’ve also introduced a brand new website: Vero Beach MLS Listings, which now lets you search by street as well as house number. We plugged some of that functionality into Living In Vero as well. Let us know what you think about that. If you can remember the house number, but not the street (or vice versa), it’s pretty cool to be able to drill down and locate something easily.
On a personal note my Dad visited Vero Beach for the fist time a week or so ago, and was really impressed with the place. Some of the things he liked the best were all of the public beaches, public boat ramps, parks, walking trails, free parking, etc. It’s what makes Vero Beach Florida so special…
Paul Kitchen
Broker-Owner
Starfish Real Estate
1705 19th Place Suite C-1
Vero Beach, FL 32960
(772) 539-8420
(772) 539-8360 fax
(800) 793-7304 toll free
Vero Beach Real Estate
Vero Beach Real Estate Blog
by paul-kitchen on March 22, 2009
by lisa-amorosa on March 14, 2009
Attention First Time Home Buyers:
Put the Newly Enacted Tax Credit Legislation to Work for You! If you are thinking about buying your first home, now may be a great time to make your move. For a limited time, qualified first-time homebuyers may receive a tax credit up to $8,000 as part of the American Recovery and Reinvestment Act of 2009.
If you plan to live in the home as your primary residence and have not owned a home during the past 3 years, you may qualify for the tax credit. As long as the home remains your primary residence for at least 3 years, you will not have to repay this tax credit.
Here is more information about the tax credit:
- Available to first time homebuyers
- Credit amount up to $8,000
- Eligible for homes purchased on or after January 1, 2009 and before December 1, 2009
- Available on single-family detached homes, townhomes and condominiums-newly constructed or pre-existing homes
- The tax credit does not need to be repaid unless the home is sold within the first three years after purchase
Take your first step by consulting with your tax advisor for more details and information and then call Lisa Amorosa at Wells Fargo Home Mortgage, 772-231-3767 to start the pre-approval process. Once you are pre-approved, contact Cheryl Goff at Starfish Real Estate to schedule a tour of the best available homes in your price range.
by lisa-amorosa on March 8, 2009
Here’s a way for homebuyers age 62 or older to purchase their ideal Vero Beach retirement home.
What is the Home Equity Conversion Mortgage (HECM) for Purchase?
- An FHA insured reverse mortgage
- Enables senior home buyers, age 62 or older, to purchase a new primary residence and obtain a reverse mortgage in simultaneous transactions with no monthly mortgage payments
- Allows buyers to combine reverse mortgage proceeds with a down payment to purchase a home
How can it help Senior Homebuyers?
- Purchase a new home without taking on a monthly mortgage payment
- Purchase a primary residence suitable for their current needs
- Purchase a home in a senior housing community
- Move into a new home that’s easily accessible with modern amenities
- Downsize to a smaller, easier-to-maintain home
- Relocate closer to friends and family members
For more information or a free consultation, call Lisa Amorosa, Home Mortgage Consultant at Wells Fargo Home Mortgage 772-231-3767 #1004, or toll-free 866-606-5368 #1004
