The KCM Blog - Selling a House? 5 Reasons You Should Do It Now

*3 Best Minorca Condos for Sale*

1. 261 Minorca Beach Way #905, 3/3, 729K.
2. 261 Minorca Beach Way #802, 3/3, 895K.
3. 261 Minorca Beach Way #606, 4/3, 799K.

Want to find out the current value of your condo? Know more about the beachside condo market or discover the New Smyrna Beach condos for sale?

If you are thinking about buying or selling a New Smyrna Beach condo, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

Will the "Good Life" Be Ready When You Are?

The Life of Riley was a TV show from the 50’s starring William Bendix but the title’s origin came from an expression meaning that a person was living the “good life.” Most people envision themselves living the good life by retirement but don’t really have a plan to get there.

There’s a rough rule of thumb used to estimate how much net worth a person would need by the time they retire to generate a certain income. The target annual income is divided by a safe, conservative yield to determine the investable assets needed.

A person who wanted $100,000 annual income generated from a 5% investment would need investable assets of $2,000,000. If a person had $500,000 now, they would need to accumulate $1.5 million more by the time they retire. If it was estimated to be 15 years away, they would need to save about $100,000 a year, each year until retirement.

It is a sobering example that could be depressing without a plan. It might be easy to say, “I should have started sooner” which may be true but there is still hope. 
Gradually, over the next several years, accumulate rental property and allow the tenant to retire the debt for you. The equity in each property will grow from the amortization of the loan each time a payment is made. It also grows as the property increases in value due to appreciation.

Single family homes as rentals offer the investor an opportunity to meet their retirement and financial goals for the following reasons:

• The ability to borrow large loan-to-value mortgages
• At fixed interest rates
• For long terms (easily up to 30 years)
• On appreciating assets
• With significant tax advantages
• And reasonable control not offered by alternative investments.

What's It Worth?

How much is a one carat diamond worth? Anyone who has shopped for one knows that the price could have a significantly wide range of value. It's been said that purchasers  should consider the color, cut, clarity and carat size to compare stones but when it gets down to decision time, buyers still want to know “how much is it worth?”

Real estate valuation can be equally as confusing to the public. There are three commonly used tools that today’s home buyers rely on to make decisions but they vary significantly in the methods used to make the determination as well as the possible final consideration.

Appraisals are an opinion or estimate of value based on specific guidelines made by individuals who are licensed and possibly certified. Buyers and sellers may be reluctant to engage an appraiser because there is a fee of several hundred dollars that must be paid in advance even if no sale is ever consummated.

A Broker’s Price Opinion (BPO) as defined by the National Association of REALTORS® is an “estimate of the probable selling price of a property.” The Dodd-Frank Act describes a BPO as “an estimate…that details the probably selling price of a particular piece of real estate property and provides a varying level of detail about the property’s condition, market, and neighborhood, and information on comparable sales, but does not include an automated valuation model.”

A Comparative Market Analysis (CMA) is a commonly used tool of salespeople to provide information to buyers and sellers to facilitate a sale. In most cases, it would be difficult to distinguish a CMA from a BPO because the steps considered are essentially the same and practitioners commonly use the terms interchangeably.

Another method called Automated Value Model (AVM) use software to search available data on the Internet to arrive at an approximation of value. Zestimates found on the Zillow site use this method. AVM’s may not consider all the market activity such as MLS sales and active listings. They can’t make adjustments based on human experience and market knowledge.

For what it’s worth, a buyer or seller might want to acquire as much current and factual information as possible from a trusted real estate professional familiar with the market before making a decision on the largest single asset most people acquire.

Renters Want to Buy

Fannie Mae, in a recently released study, states that consumer attitudes continue to be favorable about homeownership, particularly with the younger generations, ages 18 to 34. Slightly over half of them think that owning makes more sense than renting when comparing the financial and lifestyle benefits.

90% of aspiring owners expect to purchase a home someday and slightly over half think they’ll do it within five years. The primary challenges are having sufficient savings and the difficulty of getting a mortgage today. Younger renters see renting as a temporary stepping stone toward homeownership.

Homeowners are far more likely than renters to be “very positive” about their housing experience. Some of the benefits identified are:

• Having control over what you do with your living space 
• Having a sense of privacy and security 
• Having a good place for your family or to raise your children 
• Having the best investment plan 
• Living in a nicer home 
• Building up wealth 
• Saving for retirement 
• Living in a place where you and your family feel safe 
• Feeling engaged in your community

To satisfy a buyer’s doubts about qualifying for a mortgage, make an appointment with a trusted mortgage professional. If you’d like a recommendation at no cost or obligation, please contact me at mikeytherealestateman@gmail.com.  Check out this Rent vs. Own to see the real cost of owning a home.

For more information about the Fannie Mae survey in presentation form, Click Here.

1.  2717 Royal, 3/2, 128K.
2. 2530 Juniper, 3/2, pool, 189K.
3. 2117 Willow, 3/2, pool, 139K.
4. 3004 Royal, 3/2, 135K.
5. 2303 Kumquat, 3/2, 145K.

If you are thinking about buying or selling a home, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

1. 1703 S Riverside, 4/2/1, pool, 790K.
2. 700 S Riverside, 4/3/1, pool, 798K.
3. 2019 S Riverside, 3/2, 750K.
4. 427 N Riverside, 4/4/1, pool, 1325K.
5. 8 Harris, 3/3, pool, 799K.
6. 513 N Riverside, 5/6/1, pool, 1690K.

If you are thinking about buying or selling a home, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

*5 Best Riverfront Homes for Sale in New Smyrna Beach*

1. 103 Via Amalfi, 3/3/2, pool, 1960K.
2. 608 S Riverside, 3/3/1, pool, 1599K.
3. 2300 N Peninsula, 5/5, pool, 1845K.
4. 426 S Riverside, 4/3/2, pool, 695K.
5. 703 Faulkner, 4/3/1, pool, 825K.

If you are thinking about buying or selling a home or condo, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

1. 100 Lincoln, 3/2, 1295K.
2. 802 E 7th, 3/2, 225K.
3. 4450 Saxon, 3/2, 354K.
4. 4442 Katy, 3/2/1, 299K.
5. 809 E 9th, 3/2, 215K.

If you want any more information on any of these homes, please email us mikeytherealestateman@gmail.com or call us at 386 689 4684.                          

• Free MLS Access.
• Get immediate Market Value on your Home or Condo.
• Beachside Homes Market Report.
• New Smyrna Beachside Community.
• Video of Flagler Avenue Beach Ramp.

If you are thinking about buying or selling a home, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

If you want any more information, please email us mikeytherealestateman@gmail.com or call us at 386 689 4684.

• Free MLS Access.
• Get immediate Market Value on your Home or Condo.
• Beachside Homes Market Report.
• New Smyrna Beachside Community.
• Video of Flagler Avenue Beach Ramp.

www.Brandon-NSB.com

www.NewSmyrnaBeachHomeSearch.com

www.NewSmyrnaBeachMarketValue.com

If you are thinking about buying or selling a home, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

If you want any more information, please email us mikeytherealestateman@gmail.com or call us at 386 689 4684.

• Free MLS Access.
• Get immediate Market Value on your Home or Condo.
• Beachside Homes Market Report.
• New Smyrna Beachside Community.
• Video of Flagler Avenue Beach Ramp.

* Top 5 New Smyrna Beach Condos Sold *

1. Tradewinds #1403, 900K.
2. 253 Minorca #702, 710K.
3. Sandcastle #101, 615K.
4. Seacrest #403, 1000K.
5. Tradewinds #601, 599K.

If you are thinking about buying or selling a condo, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

* Top 5 Homes Sold in Florida Shores, Edgewater FL * 

1. 2529 Royal, 194K.
2. 1206 36th, 170K.
3. 2329 Silver, 159K.
4. 3318 Orange, 142K.
5. 2946 Tamarind, 135K.

If you are thinking about buying or selling a home, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

If you are thinking about buying or selling a home, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

• Free MLS access to New Smyrna Beach and Edgewater FL.
• New Smyrna Beach Condos for Sale.
• Florida Shores Homes & Community.
• Sugar Mill Homes & Country Club.

* 5 Best New Smyrna Beach Condos for Sale *

1. 261 Minorca #905, 3/3, 729K.
2. Seacrest #702, 2/2/1, 775K.
3. Sandcastle #105, 3/3, 599K.
4. Surf & Racquet #504, 3/3, 569K.
5. Sunrise #104, 2/2, 299K.

If you are thinking about buying or selling a condo, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

* 5 Best Sugar Mill Country Club Homes for Sale *

1. 503 Boxwood, 3/2, 249K.
2. 215 Bromeley, 4/2, pool, 349K.
3. 827 Sawgrass, 3/2/1, 275K.
4. 156 Holly Hill Ct, 3/2, pool, 309K.
5. 553 Bottlebrush, 3/3, 235K.

If you are thinking about buying or selling a home, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.

* 5 Best Edgewater FL Homes for Sale *

1. 2748 Evergreen, 4/3, pool, 159K.
2. 2530 Juniper, 3/2, pool, 189K.
3. 2117 Willow, 3/2, pool, 139K.
4. 2319 Travelers, 3/2, 129K.
5. 2303 Kumquat, 3/2, 145K.

If you are thinking about buying or selling a home, give us a call at (386) 689-4684 or send us an email to explore your options and to find out when is the best time for you to make a move.