A quick recap of the Brevard County Residential Report for February 2017 compared to February 2016:
Residential Report for February 2017 compared to February 2016 Closed Sales are down -5.1% for February 2017 in which the number of units closed was 649 compared to 684 in February 2016, with a decrease in cash sales of -16% compared to February 2016. New Pending Sales are down -9.3% and New Listings are down -10.5%. The Median Sales Price for Brevard Single Family homes is up 24.2% to $205,000 compared to a year ago, which was $165,000. Months Supply of Inventory is down -16
What does it mean if a listing is contingent?
Shopping for a new home can be a long and draining process, especially when you keep running into terms you don’t recognize. Like what does a contingent listing mean? Should your offer be contingent? Let’s explore what this standard realty term means. If a home listing has a contingent offer status, it means a buyer has made an offer and the seller has accepted. The sale, however, won’t be finalized until certain criteria are met. In this situation, the parties can negotiate
How Much Home Can You Buy?
There are a few methods for roughly estimating how much home you can afford. A house payment should be no more than 25% of your gross monthly income (before taxes and deductions). Keep in mind that these are guidelines. There are many other factors that determine how much home you can afford. #homebuying #howmuchhomeafford #affordtobuy