Viera, FL Real Estate News

By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
Getting an offer from a buyer pre-approved with conventional mortgage with 10% down. Should your seller jump on that offer? Not so fast, I say! It's all about the PMIThe PMI Guidelines of a conventional loan have a different set of guidelines from the conventional mortgage. I have a client who's selling their home and buying another, but need their home to close before buying their next home. the buyers of their home had a pre-approval from a lender using conventional financing, with 15% down, so far so good,  until the week of the closing. The lender could not secure the Private Mortgage Insurance which is required by the lender when putting less than 20% down. Both parties were all packed up ready to close, talk about a let down! The closing was delayed 30 days as the buyer could not ...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
Getting an offer from a buyer pre-approved with conventional mortgage with 10% down. Should your seller jump on that offer? Not so fast, I say! It's all about the PMI The PMI Guidelines of a conventional loan have a different set of guidelines from the conventional mortgage. I have a client who's selling their home and buying another, but need their home to close before buying their next home. the buyers of their home had a pre-approval from a lender using conventional financing, with 15% down, so far so good,  until the week of the closing. The lender could not secure the Private Mortgage Insurance which is required by the lender when putting less than 20% down. Both parties were all packed up ready to close, talk about a let down! The closing was delayed 30 days as the buyer could not...
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By Gary L. Waters Broker Associate, Bucci Realty, Eighteen Years Experience in Brevard County
(Bucci Realty, Inc.)
"Short sale" is a pretty common real estate term these days.  Most people who are just considering the purchase of a home will likely run across it pretty soon. For those unfamiliar with the term a short sale is basically a situation where the anticipated proceeds from the sale will likely be less than the monies owed (thus short) and will be required to get third party (lender) approval on the sale. Short sales occur when there is a real hardship impacting the homeowners ability to pay their mortgage - not just because the market value went down and an owner is upside down. A key part of the short sale process nvolves the hardship letter a homeowner will be required to provide with their request.  The homeowner must be factual and honest.   Later on the lender will likely ask for thing...
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By Gary L. Waters Broker Associate, Bucci Realty, Eighteen Years Experience in Brevard County
(Bucci Realty, Inc.)
Heritage Isle in Viera – Market Activity in July 2011   On August 1, 2011 there are thirty-three active listings in Heritage Isle, Viera Florida's premier 55+ gated community. There are two active patio styled homes (1353-1538 sq.ft. with single car garages) priced from $127,500 to $139,900 (short sale). The thirty one active single family detached units are priced from $159,000 to $322,500.  Four of these listings are short sales. Although the price range for single family home in Heritage Isle runs over $163,000 the reality is there are eighteen of the listings below $200,000.   Most of the homes for sale in Heritage Isle are three bedroom two bath units with two car garages with sq.ft. under air around 1,800-2000 sq.ft. Currently there are seven properties in Heritage Isle under cont...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
I just made the move after several months of deciding where I could find the very best resources, the structure, and the edge that would best serve my clients. I have decided RE/MAX Elite was the best choice for myself, my clients. The Brand provides the credibility to solidify future business. I am excited with having so many tools, the training and most of all the surroundings of many other successful agents that brings a synergy and excitement to the air! Thanks to the two Brokers that helped make my move a smooth transition-Justin Brown (RE/MAX Elite-Broker), as well as my former Broker Eric Power, a Great Broker and Good Friend! Thanks to our Technology Trainer-Heather Holliday, she has been a great help in re-vamping my FaceBook Page and assisting in the Mainstreet Design Center. ...
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By Joseph Robinson, Melbourne Florida Homes for Sale, MLS Real Estate Search
(Coldwell Banker Paradise, Satellite Beach, FL)
  I had an amazing client.  She had the perfect home in her mind.  The home had to be in Viera or Suntree, Florida.  It had to have a pool and be on the water.  Concrete block construction was a must with an open kitchen and a three car garage.  Did I mention that the home had to face east?   As a Realtor in Melbourne, Florida there were a few choices.  Looking at Suntree Real Estate and Viera Real Estate I was able to keep a few homes in front of her.  The husband only cared about the three car garage and concrete block construction.   Lord knows, we searched, and searched.  I dearly love this lady and her husband.  Part of the Greatest Generation.  Wise with their money, amazing stories of war, the depression, past jobs and his service with the Brevard County Sheriff’s Office.  They k...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
Not So Much! My response to the article from yesterday predicting a 20% drop in Housing will send us into another recession... You know the one all over the internet? Friend of mine believes because the MSM is posting on front page of all internet news...If you are dealing with negativity or doubt, feel free to read this and share.. Steve, I believe this to be true, you and I have talked about this before but this article sounds too convincing.... Hey! Good to hear from you!Funny I just read this article yesterday morning! I am not sure, Maybe some areas... I always say There are markets within markets. Our sales have picked up and prices have risen month over month for the past 4 months.I also have another expert article from Business Insider that puts Florida as best markets to buy no...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
Sound the Alarm! We cannot Keep a Home on the market for Rent in Viera. We currently have 26 Single Family Homes For Rent in Viera- Excluding 55&Up age restricted communities. Out of those 26 Homes Only 5 Pool Homes are Available for Rent in Viera! The Homes available range from $1150 to $2700 Per Month NOT ALL THINGS ARE EQUAL! If your in the hunt for a NEW or Existing Home and Want to have 5 Star Serviceand TOP NOTCH FULL Buyer Representation, to have someone looking out for your best Interest throughout the ENTIRE TRANSACTION, CALL or EMAIL STEVE TODAY! If you would like to browse Homes for Sale or For Rent on the Brevard MLS FOR FREE! Be My Guest! Click This Link FREE MLS SEARCH Have a Great Day!   Steve Vitani- Realtor Viera Luxury Home Expert  
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
The Quality New Homes being built ARE DOMINATING Viera Florida. Quality Custom Home Builders Such As: Amek, Arthur Rutenberg, Christopher Burton, Scalero, Joyal and Viera Builders are building several homes at a time on the West Side of Viera. Many Other Luxury and Semi Custom Home Builders Throughout Viera Florida are Busy Too! Home Builders such as Condev, Holiday Builders, Lennar, Damar Homes & Recently The Featured EXTREME HOME MAKEOVER Local Builder Lifestyle Homes Where are the Buyers Coming From? Look North they ARE HERE! The Snow and Cold up North has put many on the fast track to re-locate before the next Winter. Combine that with The wave of our Baby Boomer Group reaching Retirement, HIGH Quality, LOW PRICES, & Great Location and we have the Perfect Storm for a Housing Boom He...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
This Custom Armstrong Beauty in Summer Lakes is just waiting for you to come make it your New Home! Never Lived In! This 4 Bedroom plus Study, 4 Bath and 4 Car Garage Pool Home, has lots of Space and Lots of Upgrades! The near 3/4 Acre Home-site sits on the large portion of the Main Lake (Lake Biblia) in Prestigious Summer Lakes at Viera. Homes in Summer Lakes range from $700's to over $1 million. There was a recent Sale on Chiming Lane for $1,098,000 in April! At Just $789,000, This home offers Much to be desired in Luxury and Value! Summer Lakes at Viera is one of Viera's most sought after communities! Summer Lakes was Established in late 2003, most of the building took place 2004-2007. A Select few of Fine Custom Builders such as Armstrong, Joyal, Rutenberg & Diprima are well known f...
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By Gary L. Waters Broker Associate, Bucci Realty, Eighteen Years Experience in Brevard County
(Bucci Realty, Inc.)
Cost of Living in Heritage Isle (and Master Planned Communities) While discussing costs associated with living in Viera's premier 55+ community Heritage Isle with a caller yesterday afternoon, I realized many prospective buyers fail to understand all the costs associated with living in a master planned community. Buyers appear to look primarily at the taxes on the property which are based on the assessed value minus all the exemptions.  To understand property tax exemptions in Brevard County, check with the Brevard Property Appraisers Office. Buyers in master planned communities and developments like Heritage Isle need to look at the other associated costs. Most prospective buyers understand there will be association dues (around $300 a month in Heritage Isle as well as the other 55+ co...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
Florida Down Payment (Bond Money) Can I Get It??....... YES YOU CAN!! You have heard about some type of Bond Money but you hear it's hard to get? So, Can I get a hold of this money, you ask? and How? You hear it is always running out? You hear it is ONLY available to LOW INCOME? well that's not necessarily the fact! First thing is- which Bond Program are you hearing about? There are different types of Bond Money Programs, there is usually some type of County or City Bond Program which can be a very limited pool of funds and a waiting list of people who have applied for it months ago. Those local programs carry some more restrictive guidelines in order to obtain the funds. Guidelines such as- Lower Debt to Income Ratio, Lower to moderate Income levels will also depend on the amount of fu...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
SHORT SALES DEMINISHING IN VIERA- There are currently 39 SFR Homes Contingent in Viera-West of I-95: 21 of 39 That's a 53% Ratio that is SHORT SHALE and 21 went under contract in June. Currently 82 Active SFR in West Viera and ONLY 8 Active Short Sale SFR in West Viera..Thats Less Than 10% Ratio Looking for a great place to live? Perhaps newer quality built homes in a gated community? Close to shopping, great schools, golf courses and beach? Look NO FURTHER! SONOMA AT VIERA IS CALLING!! Lots of Sidewalks, Tennis, Basketball, Park Pavillion and Beautiful Landscapes make Sonoma at Viera One of The most Sought After Communities in Viera. Conveniently Located on the West Side of I-95 in Viera, SONOMA is convenient to The Avenue Viera, The Space Coast Stadium (Home of the Washington Nationa...
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By Gary L. Waters Broker Associate, Bucci Realty, Eighteen Years Experience in Brevard County
(Bucci Realty, Inc.)
Homes for Sale in Viera West (Viera area west of I-95 in Brevard County, Florida) Buyers looking to purchase a new home in Viera Florida will often identify the specific area of Viera as “the new area” or “the old area.” If you have never been to Viera, the new area is considered to be the homes to the west of Interstate 95 in Brevard County. The homes in Viera West were built after 2004 with new construction continuing today while Viera East was constructed from the early 1990s through today (new construction still underway in Capron Ridge). Currently there are 80 single family homes for sale in Viera West.   Prices range from $149,000 to $1,500,000.  Somewhere in that range is a home for almost anyone! At the higher end of the spectrum one can find about five homes in the exclusive ga...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
SHORT SALES DEMINISHING IN VIERA- There are currently 39 SFR Homes Contingent in Viera-West of I-95: 21 of 39 That's a 53% Ratio that is SHORT SHALE and 21 went under contract in June. Currently 82 Active SFR in West Viera and ONLY 8 Active Short Sale SFR in West Viera..Thats Less Than 10% Ratio Looking for a great place to live? Perhaps newer quality built homes in a gated community? Close to shopping, great schools, golf courses and beach? Look NO FURTHER! SONOMA AT VIERA IS CALLING!! Lots of Sidewalks, Tennis, Basketball, Park Pavillion and Beautiful Landscapes make Sonoma at Viera One of The most Sought After Communities in Viera. Conveniently Located on the West Side of I-95 in Viera, SONOMA is convenient to The Avenue Viera, The Space Coast Stadium (Home of the Washington Nationa...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
Viera is a Big Hit! The new and exciting growth Viera is experiencing, it is the Main Attraction of Brevard County, Florida. What's Here? The Avenue Shops and Restaurants, New Churches, New Schools, Walmart and a Super Target. The Main Attraction in Viera is The Avenue Viera, here you have a outdoor Mall with a Festive atmosphere. Many Stores such as Old Navy, Joseph A. Banks, Bed Bath and Beyond, Cache, Chico, Cold Water Creek, World Market, New York and Company, Books A Million and L.A. Bridal, just to name a few.... Let's not to forget one of THE Main Attractions is a RAVE Theater! Hungry? Well you wont be once you visit The Avenue Viera! Hot Spots such as Chilis, Mimis Cafe, Five Guys, Moes, Longhorn Steakhouse, Pizza Gallery, Melting Pot and of course a Panera Bread! For a Cold Tas...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
Viera is a Big Hit! The new and exciting growth Viera is experiencing, it is the Main Attraction of Brevard County, Florida. What's Here? The Avenue Shops and Restaurants, New Churches, New Schools, Walmart and a Super Target. The Main Attraction in Viera is The Avenue Viera, here you have a outdoor Mall with a Festive atmosphere. Many Stores such as Old Navy, Joseph A. Banks, Bed Bath and Beyond, Cache, Chico, Cold Water Creek, World Market, New York and Company, Books A Million and L.A. Bridal, just to name a few.... Let's not to forget one of THE Main Attractions is a RAVE Theater! Hungry? Well you wont be once you visit The Avenue Viera! Hot Spots such as Chilis, Mimis Cafe, Five Guys, Moes, Longhorn Steakhouse, Pizza Gallery, Melting Pot and of course a Panera Bread! For a Cold Tas...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
 The Buyers are BACK! The home inventory in Viera is shrinking FAST! Inventory levels are at multi-year lows-particularly on the West side of I-95 where all the NEW CONSTRUCTION is happening. Homes Buyers are looking for A High Quality Home in an Up and Coming Area such as Viera. Who's Buying? All walks of life, from the First-Time Buyer to Move-Up Buyers to Semi-Retired and Active Adults. There are currently only 56 homes for sale in non-55 & up age restricted communities in Viera West of I-95. The Summer Rush has Buyers seeking 4 Bedroom and 3 Bath Pool Homes. The lower prices has brought on a demand of Buyers to buy while they are affordable. Below is a snapshot of homes for sale Under $400,000 for The category of 4 Bedroom, 3 Bath Pool Homes. Active MLS# Address Zip Bd Bth Liv SF Li...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
These homes were recently placed under contract in Sonoma at Viera . The demand has picked up in Viera, with some shortages for mid to large semi-custom homes. The slow recovery in the economy and flat stock market, along with a pent up demand has buyers ready to buy quality Real Estate at rock bottom prices.  Recent Under Contract: Contingent    MLS# Address Zip Bd Bth Liv SF List $ Sell $ $/Sqft Sell Dt DOM CDOM   597919K 4596 Merlot 32955 5 4 3,322 $439,900 17 596134K 4861 Meritage 32955 5 3 3,506 $399,000 10 579555K 3002 Sonoma 32955 5 4 3,461 $379,900 279**short sale 592669K 3028 Coppola 32955 4 3 3,208 $375,000 74 597900K 4621 Chardonnay 32955 3 2 2,162 $289,900 17 Median$379,900 44 days on market   Looking for a great place to live? Perhaps newer quality built homes in a gated co...
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By Steve Vitani, Brevard County MLS Viera Fl Real Estate Viera Florida, Suntree
(RE/MAX ELITE, Brevard County FL)
New Home Builders Dominating Viera, Fl Housing Market The Quality New Homes being built ARE DOMINATING Viera Florida. Quality Custom Home Builders Such As: Amek, Arthur Rutenberg, Christopher Burton, Scalero, Joyal and Viera Builders are building several homes at a time on the West Side of Viera. Many Other Luxury and Semi Custom Home Builders Throughout Viera Florida are Busy Too! Home Builders such as Condev, Holiday Builders, Lennar, Damar Homes & Recently The Featured EXTREME HOME MAKEOVER Local Builder Lifestyle Homes Where are the Buyers Coming From? Look North they ARE HERE! The Snow and Cold up North has put many on the fast track to re-locate before the next Winter. Combine that with The wave of our Baby Boomer Group reaching Retirement, HIGH Quality, LOW PRICES, & Great Locati...
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