Melbourne, FL Real Estate News

By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 I was googling a search online this morning and found an article I had written in November 2008 about buyers ‘just looking’ at homes for sale.  I had written that the number of homes currently in the Brevard County real estate market was plentiful. Buyers could look at a house multiple times and take their time in making a decision on whether they would make an offer to purchase it.Well, today, times have changed. Our inventory of homes available for sale is currently down. Today, buyers don’t have the luxury of looking at a home over the course of a couple of weeks. The good homes are gone in the first week… sometimes even in the first couple of days. We are seeing multiple offers on homes, at varying price points. And often, homes are selling for more than their advertised list price...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 In real estate, mortgage interest rates are always a hot topic. Interest rates have been hovering above 4.00%. The projection is that they are going up. When interest rates go up, that affects a consumer’s buying power.  Higher rates often mean a lower purchase price of a home, as lenders look at the debt to income ratio of a borrower. Debt to income ratio is the percentage of a consumer’s monthly gross income that goes towards paying debts in comparison to their monthly income.The interest rate on my mortgage is currently 5.875%.  I remember refinancing to get that rate. It wouldn’t benefit me to refinance again, to get a lower rate now, as I anticipate having it paid off within 18 months.  I wouldn’t be able to recoup the cost of the refinance in just the 18 months I take to pay if o...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 Yesterday, we headed out for a trip to the Tampa Amphitheater at Tampa Fairgrounds to see the Tesla, Styx and Def Leppard Concert.  Tampa is just over 2 hours away, on the west coast of Florida. We arrived at the concert in the middle of a terrible lightning storm, that hung over the fairgrounds for over an hour. The first band, Tesla, cancelled their show, as the weather was showing no signs of subsiding. We waited in the van until the lightning passed.  Here in South Brevard we’re fortunate to be located in an area that is central to some great venues that showcase very talented artists.Maxwell C King Center for the Performing Arts and the Wickham Park Pavilion in Melbourne are just 5 minutes from us. At the King Center we’ve been fortunate enough to see Peter Frampton, Dennis DeYoun...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 Come On, Jump in for a Swim The weather here has been a sweltering 90 degrees, with high humidity.  I can feel the sweat rolling down my back when I’m outside in the middle of the day. It’s hard to find a place to cool off.  It seems like the air conditioner never clicks off, trying to keep the inside temperature comfortable. We’ve been swimming in the pool, at the end of these blistering days, to cool off. The water temperature is great! I remember when my girls were younger and they were in the pool all the time. They were like two little fish. During the Summer it seems like they lived in their bathing suits. Our backyard was filled with kids. Their skin would be shriveled like raisins from swimming so long. We’d practically have to drag them out, to get them to take a break to eat....
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
  Melbourne FL Real Estate Market Watch ReportThere are currently 476 homes (single family, half duplex, condo & townhouses) available for sale in Melbourne Florida compared to 514 in August 2014.Here's the breakdown,Under $100,000                -   79, compared to 123 in August 2014  $101,000 -  $200,000      -   134, compared to 162 in August 2014 $201,000 -  $300,000       - 123, compared to 125 in August 2014 $301,000 -  $400,000       -   63, compared to 53 in August 2014 $401,000 -  $500,000        -   37, compared to 18 in August 2014 $501,000 -  $750,000       -   19, compared to 18 in August 2014$751,000 - $1,000,000     -    17, compared to 10 in August 2014$1,001,000+                        -   4, compared to 5 in August 2014Prices ranges from $49,900 for a 2 bedroom 2 bath ...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
I was headed out to an appointment and found this guy in the garage 2 feet from my van.  At first nearly jumped out of my skin. It surprised me. I think I scared the snake, too. Then, I grabbed a broom and gently guided him outside. He slithered into the bushes and disappeared.Occasionally, we see a snake, here.  Usually they are outside in the bushes or hanging out in the garden.  They like basking in the sun. There are approximately 46 snakes native to Florida and most of them are not aggressive.  The best advice when you see a snake is to leave it alone. They don’t typically attack unless provoked.I have a friend that can identify snakes. When he sees one he usually scoops it up and relocates it to a safer place. Isn’t there a rhyme, “when red touches black a friend of jack, when re...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
Kingsmill, located just off of Lake Washington Road is a quiet, well maintained community of over 300 houses built between 1986 and 1988. It is situated between Parkway Drive and Aurora Road, just west of Wickham Road in Melbourne Florida.Kingsmill is just minutes to shopping, dining, churches and schools. Publix grocery store is within walking distance. Access to I-95, US 1 and the causeways to the beach are within 5 minutes. The Indian River Lagoon and beaches are within 10 to 12 minutes driving distance.View MapThe west end of the community boasts custom built homes by Joyal and Tiffany Builders. Several of the homes are situated on half acre sites. The other homes in the neighborhood were built by Maronda Homes.Kingsmill association fees are currently $164.00 per year per house. Thi...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
This morning I met with a buyer to show her a charming home situated in a neighborhood within a block of the railroad tracks.  The house was impeccably maintained. After touring the inside and the outside of the home we went to look at the rest of the neighborhood.  We wanted to see how close the railroad tracks were to the house she was interested in.The railroad tracks run through various housing areas in the City of Melbourne.When considering a home purchase there are questions to consider.Where are the railroad tracks compared to the neighborhood you are thinking of buying in? How close are they to the house you are interested in?  Is there a buffer between the houses in the neighbor and the tracks?You may want to find out the train schedule. How many trains run day and night? If po...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 There are oodles of condo complexes here. When considering a condo or townhouse purchase, there are questions to ask, before making that purchase.What is the ratio of investor owned units to owner occupied units?What is the delinquency rate? How many units are in foreclosure?  Does the homeowner’s association keep money in reserves to cover the fees for the delinquent units?Ask to review the association financials.  Is there money on reserve for maintenance? They may not provide you with the information until you have a unit under contract. And, then your purchase will be contingent on review of those documents.How much are the association fees? What do they cover? Are any utilities included? What is the cap amount on how high the fees can increase each year?Are pets allowed? How many?...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
Real Estate Reality TV… It's not RealI don’t watch much TV.  I suppose it’s because I can’t find anything to watch. Today, television is riddled with Reality TV shows. I don’t like Reality TV.  There, I said it.I don’t care for the Real Estate Reality TV shows.  They're on for their entertainment value.  It gives people a false sense of what’s real when they are ready to get in the market to buy, sell or to invest in real estate. If Reality TV portrayed real world experiences, people would stop watching and the shows would quickly fade off the air.Only on Reality TV… can you have an open house, the first day a house goes on the market with 10 different buyers getting into a bidding war. The house sells for tens of thousands over list price! Houses rarely sell at an open house. They typi...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
It seems that the simplest things are the best things in life. Watching the sun setting in the western sky is one of the simple things.What is it about a sunset? Every one of them is different than the one the day before. A sunset is the perfect close of another day. I love watching the sun setting. I would watch it every single day, if I could. There’s something magical about a sunset. When the sun starts setting, it’s as if someone has a rope tied around it and you can see it being pulled down into the horizon, right before your eyes.A sunset is a beautiful painting drawn across the sky that can never be duplicated.  
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 I’m not a morning person. I wish I was. I would love to rise and shine at 5:00 AM and get my day going early. I am not one of those people that can bounce right out of bed when the alarm goes off. I have to hit the snooze button 3 times before I can get my eyes open. This morning I woke up to a lizard in the toaster. He was alive and kicking. Now, that's gross. I have no idea how he got in there. And, I'm not really sure what made me look in the toaster before I used it.Okay, so it was just going to be coffee, instead.  My sister, Jean, says I make the strongest cup of coffee she’s ever tasted. Well, apparently not today. I forgot to put the grounds in the coffee pot.Oh well.Isn't toasted lizard a delicacy in some countries? 
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By Jeffrey DiMuria 321.223.6253 Waves Realty, Florida Space Coast Homes
(Waves Realty)
On Day One we were able to successfully market the Home on 136 Bluff Terr in Melbourne, FL. Our marketing program also located the buyer for this home. The buyer is moving in this weekend and is a first time home buyer who used the new FHA first time buyer program. It is helping many first time buyers not only have a larger down payment (up to $10,000) but also helps those with financial restrictions qualify for a home! (income restrictions do apply).This beautiful home has 4 bedrooms, 2 full baths, wood floors throughout and a sparkling in-ground pool in the yard! If you have any questions about Melbourne, FL or Space Coast Homes please do not hesitate to call or email me...I would love to help!
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 Did you know that you can get your mortgage paid off early and save money? By making one additional principal payment each year on your 30 year fixed rate mortgage, you can cut approximately 8 years off of your loan and save tens of thousands of dollars.Have you heard about bi weekly mortgage payments?  These are when your mortgage payment amount is divided in half and you make the payment every 2 weeks, in effect adding one additional payment to your loan by the end of the year. Be careful though, often there is a set up fee and the lending institution charges a monthly fee to process the payment. You can create the same effect by making one additional mortgage payment each year. (This figure may vary depending on the type of your loan.)Are you thinking that you just don't have the ex...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
Here it is in the news again… another Realtor attacked. This time the potential buyer called a St. Petersburg FL Realtor and asked to see a home for sale. The agent met the man, toured the house and then he held a gun to her head. He called her husband asking for $50,000 in ransom money. The husband hung up on the attacker, thinking it was a prank call. Realtors can never be too careful when showing houses. Yesterday, I received a call from an out of state area code. The call went to my voicemail, as I was out with a client. The caller was scattered and incoherent, “I am calling on a house. I don’t know what city it’s in, but I saw it. The house number is 4958.  I don’t know the address. I think its Melbourne. No, it’s near Melbourne.’ His message was disjointed and rambling.  He contin...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 Some of the nicest homes we see are full of color. But, some homes with color are often too personalized for homebuyers.I recently showed a house that was beautifully decorated, throughout. An interior decorator had taken time in having gorgeous murals painted on the walls, giving each room a unique ‘feel’ of its own. Stepping into one room took you away to a tropical paradise, inside a tiki hut on a beautiful island. The murals were beautifully done. The house had a uniqueness all it’s own. The home was in impeccable condition, with a beautiful pool overlooking lush landscaping. It was realistically priced for the market.As we finished touring the home, the buyers said, ‘this house is not for us. There’s just too much work here that needs to be done.’ As we discussed further, the buye...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
 It's that time of year again... Hurricane Season. It's not something we talk much about, unless there's one heading our way and we're being warned to hunker down.When we look at listings of properties for sale, we don’t see the word ‘hurricane’ shutters. We call them storm shutters. Here in Florida, that seems strange, to me.  I guess it's so we remember they can be used in wind, or rain or sleet or hail, too.Well, the good news is that we’ve been fortunate that we haven’t had a major hurricane in our area since 2004.  But,  it always wise to be prepared.Did you know that Florida Disaster.org offers a FREE emergency family or business plan in the event of a hurricane? It only takes a couple of minutes to fill out the paperwork. The plan will outline the following information:>Your fami...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
2105 Lucille Lane, Melbourne in Croton Manor. MelbourneComfortable 4 bedroom, 2 bath, concrete block construction home built in 1966.Situated on quiet cul-de-sac.Large, long carport may fit 2 cars. Attached inside laundry room/storage shed. Diamond polished terrazzo floors and ceramic tile for easy cleaning. This home has 1372 square feet of living, with a total of 1632 square feet.  Enjoy the outside patio area, overlooking the large backyard. All grade level schools are within walking distance.One block North of Eau Gallie Boulevard.And minutes from I 95, US1, the Melbourne Airport, shopping, dining,Patrick Air Force Base, the Indian River and Beaches.Set sail on Carnival, Royal Caribbean or Disney Cruise Lines at Port Canaveral just 40 minutes away.Approximately an hour to Orlando In...
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By Jeffrey DiMuria 321.223.6253 Waves Realty, Florida Space Coast Homes
(Waves Realty)
Here is a list of upcoming events at the King Center in Melbourne, FLThe King Center is located at Eastern Florida State by Post Road and Wickham Rd. This is a great small venue for seeing plays, concerts or comedy acts from all over the world.The Phone is 321.242.2219. Tickets can also be purchased online by going to www.KingCenter.com  May Takin' It to the Streets 10:30 AM 7 Brevard Community Chorus 7:30 PM 9 John Mayall 8:00 PM 15 Classic Albums Live 2015 Summer Concert Series 8:00 PM 16 Classic Albums Live: Pink Floyd - The Wall 8:00 PM 16 CHELSEA HANDLER LIVE! 8:00 PM 21 Nicole Cote School of Dance 10th Anniversary Recital DARE TO DANCE 10:00 AM, 1:00 PM, 4:00 PM 30June THE GIPSY KINGS FEATURING NICOLAS REYES AND TONINO BALIARDO With Special Guest Elijah Wolf 8:00 PM 12 HAPPY TOGET...
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By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
  Events going on in Brevard:Every Thursday – Brevard County Farmer’s Market (3:00 -6:00 PM) Fresh products from local farmers and producers. 2500 Parkway Drive, Wickham Park Melbourne at the horse stables. Check out upcoming events from Brevard County Farmers Market, Wickham Park Melbourne.Every Thursday - Historic Cocoa Village, Cocoa Main Street has partnered with local businesses to offer Throwback Thursdays (open till 8 PM) A shopping and dining campaign offering discounts and Cocoa Main Street's VIP Discount Card program. For more information on Cocoa Main Street Throwback Thursday check here.   Ken Wilshire, 321-633-0806.Every Saturday (9 AM – 12:00 PM) The Indialantic Fresh Market, a Farmer’s and Producers Market, 1220 N. A1A, IndialanticEvery Saturday & Sunday - Downtown Melbou...
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