Specializing in Titusville Real Estate, Cocoa Beach Real Estate and Brevard County Real Estate and Homes

Facts About Cocoa Beach Homes

Negotiating the Sale of Your Cocoa Beach Home.

Some say that the “Devil is in the Details” and these last two steps are full of details as buyers make offers contingent upon certain conditions being met by the seller and sellers make counter offers in the process of closing your Cocoa Beach home. Once there is agreement, however, many details still remain in order to finalize the sale.

Cocoa Beach Homeownsers Insurance

Bundle your Cocoa Beach insurance policies. Some companies that sell homeowners, auto and liability coverage will take 5 to 15% off your premium if you buy two or more policies from them.

Reduce Your Risk. Find out from your insurance company what steps you can take to make your Cocoa Beach more resistant to natural disasters. If you live in an older home, look into modernizing your heating, plumbing and electrical systems to reduce the risk of fire and water damage.

Cocoa Beach Disclosure Rule

Tell All is definitely the rule for anyone who is selling Cocoa Beach real estate in today’s market. Let the Buyer Beware can easily come back and bite you in a delicate spot—your pocketbook.

Today, those selling a home or any Cocoa Beach are expected to disclose all known material defects that are not readily apparent to the buyer. A Material Defect is usually a physical condition that would affect a buyer’s decision to purchase the home or what price to pay for the home. A leaky roof is definitely a Material Defect. If a Cocoa Beach seller tries to disguise the leak by painting the interior ceiling and walls without fixing the leak, the truth will come out the next time it rains. Chances are the first call the buyer makes will be to his attorney.

Guidelines for Buying Cocoa Beach

Let’s say everything is a GO! You have found the perfect Cocoa Beach home. You know you can afford it and it is actually priced below what you expected to pay. What a bargain! Yes there are bargains to be found in Cocoa Beach. At this point it is fine to put in an offer on the property but only with a well-planned contingency. Of course, it the home is going to be financed, the lender will want a Home Inspection before agreeing to lend money on the property. However, you need to protect yourself by making an offer SUBJECT TO a clean bill of health from the Home Inspector of your choice. This kind of a contingency gives you an out if the inspector finds a problem with the roof, or foundation or other structural problem that was not apparent to the seller or to your agent. This does not mean you will not buy the house but you will have a good reason to renegotiate the price with the seller.

Cocoa Beach. How Much Should You Offer?

Comparable sales figures is a good guide for homeowners who are pricing their Cocoa Beach and a good guide for prospective buyers. Make sure you compare homes that are similar to the one your are considering...the same neighborhood, the same size, the same condition. Also, make sure you compare sales within the past six months.

Ask your REALTOR for a comparison of the list price and sales price of comparable Cocoa Beach sales. This information may give you a trend and a guideline for your offer. For example, maybe homes in the area have consistently listed for more than they actually sold for. If that is the case, find out what percentage of reduction occurred. Use this information as a basis for your offer.

Buying a Cocoa Beach Fixer-Upper

Some Cocoa Beach investors concentrate on buying fixer-uppers, making repairs and upgrades then selling for a profit. Going with a Cocoa Beach fixer-upper can also be a smart way for those who are handy to buy a home in a neighborhood that they might otherwise be unaffordable. Fixer-uppers are a wonderful opportunity for those who simply love to create their space to their own specifications but for whatever reason do not want to start with a vacant lot.

Best to know the extent of the job and whether or not you are up to it before you buy. Some Cocoa Beach fixer-uppers simply need cosmetic work such as paint, wallpaper, carpeting and maybe kitchen appliances are fairly easy to estimate the costs for fixing. Cocoa Beach homes that need minor structural repairs such as roofing are also fairly easy to cost estimate.

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

Licensed Real Estate Broker in the State of Florida

Titusville, FL 32780
321-698-8731