I was speaking with a former client yesterday regarding a golf course town house they own. We had previously attempted to sell but then chose to lease the property. The tenant is moving out and the owners are facing a decision to sell or lease it once again.
I did a quick comparative property analysis (CMA). I also checked the rental market to see what was happening. Being a full time real estate agent serving the Viera, Suntree and Rockledge areas of Brevard County Florida, I already had an opinion.
However, it is always preferable to have the data to support that answer. And, you know what they say about opinions!
My CMA showed no surprises. There are lots of properties for sale in Viera and Rockledge. Some priced at very attractive prices! Sure the rental market has plenty of choices but in this situation we decided (actually the owner decides, I recommend) to rent it out again.
If you are an owner and you do not have to sell, why not hold the property for a little while? Although the rental income may not cover all the expenses, it does cushion the hit. The market will turn around. It always does! [I make my living selling real estate but if your home will be lingering on the market for sometime, I do not want to put it on the market.]
If you are considering selling and do not need to, take a hard look at the market. Your best option at this time may be to lease the property until the inventory drops. There are over 6800 single family houses for sale in Brevard County as of today.
If you do need to sell and your home is in Viera, Suntree or Rockledge, please give me a call. I would welcome a chance to assist you in the process. If you are in a position to buy a home, give me a call. I work with buyers and sellers in the Viera, Suntree and Rockledge areas, including Melbourne Florida (Baytree, Heritage Isle, Lake Washington, and other central Brevard communities).
Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty. Email me at agent@moving2brevard.com or call me directly at 321-693-3850.







but I believe the number of properties listed for sale at excessive prices are likewise a contributor to the real estate problem. Stagnant listings just give the media something to write about (high inventory)!