Brevard County Real Estate News

Feb. 25, 2020

5 Challenges Sellers Face In 2020

Getting the most money from your home sale might be the biggest challenge for sellers in 2020. HomeLight, a company known for matching homeowners and prospective buyers with thousands of America’s best agents, performed a Q4 2019 survey to take a look at what agents see as the largest hurdles sellers will face. Five hundred agents in the hottest U.S. markets weighed in to share their insights. Here’s what HomeLight found.

Seller’s market cooling

 

Most of the country is still seeing a seller’s market, but according to HomeLight, agents are reporting a shift toward a balanced market. If it slips over into a buyer’s market, sellers won’t have the advantage of there not being many options to choose from. Low inventory drives buyers to pay higher prices, which will no longer be a factor if the market becomes balanced.

 

Inventory

 

Thought the inventory problems of 2018 were done? So did we as the market got 465,000 new listings in 2018. But then 2019 came, and with it, labor and material barriers — think tariff wars — that stomped any hopes. Both existing homes not meeting the demand of potential homebuyers and baby boomers deciding to age in place rather than downsize add to low inventory woes.

 

With fewer options, buyers are more likely to stay on the fence and rent until conditions improve, which means that fewer buyers will compete for the few homes on the market. 

 

Bidding wars

 

HomeLight research shows that 60 percent of agents reported seeing a decline in bidding wars in their area, which means less fierce competition driving up home sale prices.  

Redfin had similar findings. Bidding wars on the Redfin site reached a 10-year low in October with only 10 percent of listings on the site facing a bidding war. Compared to Redfin’s previous year with 39 percent that had bidding wars, and you’ll see a steep decline. 

 

Options

 

In addition to the options that have been around for awhile, such as for-sale-by-owner and selling with a traditional agent, but now there’s a third option entering markets all over the country: iBuyers

 

Fairly new to the real estate game, iBuyers offer homesellers certainty in the form of an instant offer on your home.

 

Typically the offer comes in lower than market value, and though you don’t pay agent commission with this model, there are fees attached that vary by company. Companies such as Zillow, Redfin, Offerpad and Opendoor all have iBuying options, and many traditional brokerages are starting to offer them as well, such as Keller Williams and Realogy. 

 

The Florida Realtors have complied a “State of the iBuyer footprint” to help you be informed.

Typically, with iBuyers, sellers get less than they would if they put their home on the market and let the market work out the sale price. If priced right, buyers will likely have to come with competitive offers, allowing sellers to walk away with more money in their pockets. 

 

Overpricing

Of the 500 top agents surveyed by HomeLight, a little more than half believe the tendency to overprice will be the biggest challenge for their seller clients to overcome. 

 

As prices level off or even decline in some areas, sellers will need to be hyper-aware of their market’s conditions and how those conditions impact pricing strategy. Overpricing tends to lead to price reductions (sometimes several times), receiving low-ball offers and sitting on the market for longer periods of time. Sitting on the market means months of extra costs. 

 

The easiest way to overcome this obstacle is to find an experienced top agent in your area to help properly prepare the home for sale, strategize a price that will garner solid offers and handle the heavy lifting and negotiations along the way. 

 

 

Posted in News
Feb. 4, 2018

BRAD KUHNS of RE/MAX ELITE Sells The "Meander Estate" for RECORD BREAKING $9 million!


BRAD KUHNS of RE/MAX ELITE Sells The "Meander Estate" for RECORD BREAKING $9 million!!!!

The sellers of this magnificent property have been searching for a buyer since they first listed their property with Dale Sorenson Real Estate back on 2/9/2015 for $12 million.  Thanks to Brad Kuhns and his client their wait is finally over!  "This is a history-making sale for Brevard County, and I'm just happy to play my part in putting all the parties together." Kuhns said.

It took Brad all of a week to put this deal together.  Through his network of luxury home buyers and sellers that expands to over 100 countries around the Globe, Brad was able to locate the perfect one suitable for this unique estate.  "I first spoke with my client on December 9th, 2018.  After listening to his criteria, I had him touring the Meander property two days later.  By December 17th, we successfully wrapped up negotiations and were prepping everyone for closing." Kuhns said.

We're sure Brad is perceived as an absolute hero in the eyes of the sellers and their listing agent.  His professionalism and guidance helped make this one of the smoothest multi-million dollar transactions ever recorded in Brevard County's history!

CLICK HERE FOR FULL DETAILS & PHOTOS

 

 

Brad Kuhns, P.A.

RE/MAX Elite

(321) 775-8100

 

 

Posted in Sold Homes
June 28, 2014

Summer Fun In Brevard: Part 3

(photo: twitter.com/brevardnews)

Hello and welcome to another fun-packed post of entertaining things to do in Brevard County. The 321 is always bustling with fun new things to check out and explore, so here’s another handy list of links to be your guide to it all:

Take A Tour Of Kennedy Space Center

Catch A Flick At Cobb Theaters Merritt Island

Bowl A Strike At Brevard’s Own Shore Lanes

Posted in News
June 22, 2014

Streamsong Resort Boasts Prehistoric Wonderment

(photo: freshome.com)

When planning a vacation to Florida, most families are faced with the concern of weathering the overwhelming influx of fellow tourists at most of the beaches and popular attractions. Theme parks are run rampant with pesky pedestrians, and pools across the state are full of floating folks taking up all the space.

If your looking for a more private, serene sort of Florida getaway, look no further than Streamsong Resort. Located right outside of Tampa, this resort boasts prehistoric beauty thanks to it’s huge naturally-formed dunes and natural lakes. Truly a complete paradise, Streamsong Resort also contains several golf courses to keep you entertained.

For a more in depth look at Streamsong Resort, check out this article:

Streamsong Resort Boasts Prehistoric Wonderment

Posted in News
June 18, 2014

More Brevard Summer Fun

(photo: hpicorg.com)

Ahhh, another beautiful summer in Brevard County. So much to see and even more to do.

A couple weeks ago, we gave you a list of ideas of things to do to pass the time in beautiful Brevard. But what if you’ve exhausted that list and are still hungry for more 321-fun? Well, fear not, dear reader; there’s still plenty more to list. From historic Ron Jon’s Surf Shop in Cocoa Beach to a ghastly ghost tour of Palm Bay, it’s almost as if interesting activities never end in Countdown County.

Shop ‘Til You Drop At Ron Jon’s Surf Shop

Buy Some Vinyl/Tapes/CDs At Rabbitfoot Records

Get Spooky With A Haunted Ghost Tour Of Palm Bay

Shred To Your Heart’s Content At Cocoa Beach Skate Park

Snack On The Best Pizza In Brevard At A N.Y. Pizza House

Posted in News
June 18, 2014

The Awe-Inspiring Allure of Historic Homes

(photo: http://mylibraryworld-michaelb.blogspot.com/)

Historic homes capture imaginations like nothing else. The allure of these old structures comes from the natural human want to know what was going on before us in the place that we live. Brevard County has no shortage of these fascinating places, one of which is the Pritchard house in Titusville (pictured above). Whether it’s visitation or restoration, more and more homeowners can’t seem to get enough of places with a rich history.

To get your daily fix of historic homes, check out this fascinating article on why they interest us so much:

The Awe-Inspiring Allure of Historic Homes 

Posted in News
June 18, 2014

Creating An Outdoor Paradise In Your Backyard

(photo: freshome.com)

Is the unrelenting summer heat getting to you? Do you feel like you could use some kind of getaway?

People pine for paradise with big dreams of fancy resorts and beach retreats, but overlook the most obvious of destinations for relaxation: their own backyards! Check out this awesome article of suggestions on how to turn your regular backyard into an outdoor oasis:

Creating An Outdoor Paradise In Your Backyard

Posted in News
June 11, 2014

Budapest Penthouse Favors Functionality over Flair

(photo: freshome.com)

In the world today, the goal in regard to housing seems to be to get as big a house as possible and furnish it with as many lavish things as you can afford. Because of this obsession with materialism, it can be nice to see expensive places that favor functionality over flair.

Keeping with that line of thought, check out this penthouse in Budapest that has gone out of its way to be as minimalistic as possible, and maybe reap some ideas for your own minimalist redesign:

Budapest Penthouse Favors Functionality Over Flair

Posted in News
May 26, 2014

Summer Fun in Brevard

It’s no secret that one of the main attractions of Brevard County is its beautiful beaches, and there’s no better time to experience them than during a sweltering summer like this one. But what if you’re not the beach-going type? What if the mere thought of sand makes your stomach turn? Well, fear not: from Brevard County Manatees games to our awesome zoo, there are plenty of other things to do in Brevard. Check out the links below for some suggestions.

Brevard County Manatees Schedule

Plan a Visit to Brevard Zoo

Shop at The Avenue Viera

Have Some Fun at Traxx at Jungle Village

Take a Walk Through Historic Cocoa Village

Posted in News
May 26, 2014

Family Apartment in Vietnam Illustrates the Amazing Power of Redesign

Love a good remodeling story? Can’t get enough of Extreme Makeover: Home Edition? Well, get your daily dose of redesign with the story of this decrepit-condominium-turned-family-apartment. Situated in Hanoi, Vietnam and headed by Landmak Architect, this revamp will certainly give Ty and his crew from the aforementioned television show a run for their money!

Family Apartment in Vietnam Illustrates the Amazing Power of Redesign

Posted in News