Buying and Selling Cocoa Beach Homes for Sale


Cocoa Beach Home Improvement


Homeowners hear a lot about improvements that might add value to houses. But less attention is paid to what to avoid. Steer clear of renovations that will cost you money at resale time.

If an Cocoa Beach home becomes conspicuously larger -- and more expensive -- than those around it will risk becoming hard to sell. Additions tend not to return their entire investment. The 2005 "Cost vs. Value Report" found that homeowners were able to recoup only 83% of the cost of a family-room addition and 82% of a midrange master suite.

Cocoa Beach Real Estate Cycles


One problem with attempting to time your purchase to the business cycle is that even experts have problems accurately predicting the future economy. Even when they can, the Cocoa Beach market does not necessarily move in tandem with the stock market or the economy as a whole. Cocoa Beach is a unique situation.

When the economy is doing well, interest rates are generally higher. The result is that fewer people can afford houses, and Cocoa Beach is no exception. When the economy slows down, interest rates fall, the "affordability index" moves up and more people can afford houses. The Cocoa Beach market will take the lead.


Does Your Cocoa Beach Have Curb Appeal?


Every prospective buyer who visits your Cocoa Beach home is struck by a variety of impressions regardless of whether your landscaping is eye-catching or merely so-so. Plants that overrun the walkway, trees that badly need pruning and visible suggest to the prospective buyer that this home will take a lot of landscaping maintenance and yet if your yard is well-maintained, the prospective buyer is inclined to simply admire the fact and move on. If your Cocoa Beach front porch or front door need paint, the prospective buyer is likely to notice the paint job inside and out and think about how much maintenance that will take on a yearly basis. The important message here is that things that look bad or run down call attention to all the work that needs to be done while things that are well maintained conjure up ideas of how pleasant it would be to live there.

When Cocoa Beach Does Not Sell


Here is where your agent’s expertise and diligence comes into play. A top agent will consider what similar Cocoa Beach have sold for within the last 3 to 6 months and compare those homes condition, features and location with your home. If there are no comparable sales in the area, which is often the case with custom or one-of-a-kind properties, the agent may suggest that you obtain a formal appraisal.

A homeowner who must sell and sell quickly needs to price their Cocoa Beach at or slightly below market to ensure a quick sale. A different homeowner may want to sell but has time and wants to get the top market price. These homeowners will often price the home slightly above current market prices and expect interested buyers to offer a lower amount to start the negotiation.


Cocoa Beach APPEAL


A large part of the appeal of the real estate market in any area is the architecture or the style of the homes themselves. The appeal of Cocoa Beach is its appropriateness to the region in terms of style, history and weather conditions.

Cocoa Beach BASICS


Location, location, location pretty much describes the basics of all real estate markets and the Cocoa Beach market is no exception. A lovely estate home next door to a power plant or on a hill where major sliding has occurred is not as valuable as that same home in a quiet, tree-lined neighborhood. This is why most astute buyers tend to rely on real estate agents who are well versed in the community and know the area well.

Robin Taylor Ritchie
Broker Associate
GRI, ABR, e-Pro

Licensed Real Estate Broker in the State of Florida

Titusville, FL 32780
321-698-8731