Before you consider a Vero Beach lease option, you should be aware of how it works, who benefits and the many things that can go wrong. In a Vero Beach lease option, you rent a property at a cost slightly above market rate. Prior to moving in, you agree on a potential purchase date and purchase price for the home. […]
How Immigration Reform Could Affect Vero Beach Real Estate
Passage of immigration reform could be a boon to the Vero Beach real estate and mortgage markets over the next decade. How Vero Beach Real Estate Could Benefit If Congress approves legislation providing a pathway to citizenship for undocumented immigrants, the National Association of Hispanic Real Estate Professionals (NAHREP) expects the country's pool of home buyers to swell by three […]
Vero Beach Home Sellers Are Optimistic
Vero Beach home sellers are joining the rest of Americans saying now is a good time to sell a home than at any time in the past three years, a rise in confidence that could lead to more inventory of homes for sale and, eventually, smaller home price gains. "Sentiment toward selling a home appears to be catching up with […]
Vero Beach Mortgage Rates Spike
Vero Beach mortgage rates have topped 4 percent for the first time in over a year, while at the same time, mortgage applications fell more than 11 percent. Diana Olick reports on how rising Vero Beach mortgage rates may impact the housing recovery. Economists are still cautiously bullish on real estate for two main reasons. First is the fact that […]
Student Debt Starting to Hurt Vero Beach Housing
One of the biggest threats to the Vero Beach housing recovery now seems to be the huge increase in student debt over the past 8 to 10 years. With students financing their education, many get out of college so deep in debt they cannot even begin to fathom buying a home. It's like the major phone company commercials on TV… […]
What Your Credit Score Says About You
Your credit score operates on the assumption that the near future will look a lot like the recent past, and that going forward, people can be expected to behave pretty much as they always have. Since most people will exhibit the same basic behaviors for years at a time, be they good or bad, it's not hard for the people […]
Entice Vero Beach Home Buyers With a Home Warranty
Vero Beach home buyers are becoming more and more savvy, and when it comes to a home warranty, most are asking the seller to provide one. A home warranty puts your buyer at ease, so you can focus on selling the aesthetics of your house instead of the technical or structural integrity of it. An extended warranty for appliances will […]
Why Vero Beach Home Prices Will Slow Down
There are several factors we believe will cause increases in Vero Beach home prices to slow down in coming months. As of the first quarter of 2013, average Vero Beach home prices, as well as prices across the United States are back at their mid-2003 levels. One of the most widely followed measures of Vero Beach home prices jumped 10.9 […]
Vero Beach Homes Selling as Fast as During the Housing Boom
With strong demand and limited supply, Vero Beach homes are selling as fast, or faster, as they did during the boom years of 2005 and 2006. Of course, the circumstances are quite different. Homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on the market in April was […]
Vero Beach Home Appraisals No Longer Derailing Sales
It now seems that Vero Beach home appraisals are no longer killing sales as they were just last fall. Appraisers are putting higher values on homes again, allowing more deals to go through. During the housing bust, Vero Beach home sales were often derailed by low-ball appraisals that fell far shy of a home's selling price. As home prices climb […]