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Congrats to our 2017 Top Producers!

32963 Annual Top Producer 03.22.18 Ad.indd... Read More

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In a Seller’s Market: Is it Time to Downsize?

20160517-KCM-ShareA study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.

In a recent blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

A smaller home means less space, but it also means less time, stress and money spent on upkeep. Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years. Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less... Read More

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December 2015 Top Producing Associates

NORRIS AD 2-7-16 EDITORIAL

Norris & Company Real Estate recently recognized their December 2015 Top Performing Associates.

Debbie Bell, Jane Schwiering, Beth Livers’ Sand and Land team, Cheryl Burge and Chip Landers attained the highest dollar volume of closed sales for the month.

The highest dollar volume of new listings was achieved by Dan Downey, Becky Rossway, Pam Pendleton, Jane Schwiering, Debbie Bell, Sue Yahraes and Lucy Hendricks. Congratulations to all of our Top Producers!

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Real Estate Investing – Single Family Home vs. Condo

real-estate-investing-12-1If you’re considering getting into the landlord game, you might wonder whether it’s best to buy a single family home or a condominium. Many people believe it best to stay away from condominiums because of all the issues with homeowners associations, and they have a point. However, single family homes have many issues, too, so don’t make up your mind so quickly. Consider these things:

Investment returns When you’re buying an investment property, the first thing you should do is pencil out your real estate deal to see if it has fair cash-on-cash investment returns. As a general rule, you’ll find that single family homes typically have lower cash-on-cash returns than condominium properties. So a fair deal on a single family home might be a cash-on-cash return of 3 to 5 percent, while a condominium might have 4 to 7% returns. The condominium will probably take this round, but every property is different, so you need to pencil out your specific deal to understand the returns.

Tenant turnover Every time your tenants leave, you’ll need to re-rent the property. And it’s a lot of work! You have to advertise, take calls and emails, show the property, draft a lease, do a credit check, move the old tenant out,... Read More

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29 Ways It Pays To Work with a Realtor®

If you’re preparing to buy a home or wanting to sell yours, you’ve had to consider this question: Should I use a realtor? A lot of home buyers and sellers on the market prefer to go at it alone, wary of the fees and cuts realtors charge. In theory, sellers especially can make more money on their home by selling themselves, but the truth is, a realtor can save both time and money. If you’re on the fence about whether or not to use a realtor, consider these benefits:

29 Ways it Pays to Work with a Realtor                       Thinking about buying or selling a home? Think about all the steps you'll personally have to complete:
  1. Determine how much you can afford.
  2. Price existing home without the input of a market expert.
  3. Check credit report.
  4. Put existing house on market.
  5. Decide where to advertise to reach best potential buyers.
  6. Host open houses to sell existing home.
  7. Schedule appointments to show current home or to see new ones.
  8. Find new home with all the features you want
  9. Investigate school system.
  10. Research neighborhoods and local amenities.
  11. Analyze comparable home sales and make offer on new home.
  12. Consider offers for current home.
  13. Review homeowner's association documents for new home.
  14. Meet home and pest inspectors for review of current home.
  15. Arrange home and pest inspections on new home.
  16. Negotiate terms... Read More

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Understanding Real Estate Designations

imagesNorris & Company brokers and associates remain in a constant state of learning to bring innovation and fresh solutions to every real estate transaction. Those letters that frequently appear after a Realtor’s name mean that he or she has invested the time, energy and financial resources to offer clients an advanced level of knowledge and skills. The designations represent specialized training in a specific aspect of the industry or in marketing luxury properties.

So what do the designation letters represent? Here is a descriptive list offered by the National Association of Realtors and its affiliates:

ABR® – Accredited Buyer’s Representative

An ABR designated agent focuses on working directly with buyer-clients at every stage of the home-buying process. They are trained to thoroughly represent buyer-clients in real estate transactions and provide the quality of service and degree of fiduciary responsibility that sellers have customarily received.

ALHS -- Accredited Luxury Home Specialist

ALHS agents are members of an elite group of exceptional and dedicated real estate professionals. As a testimony to their commitment, these high caliber agents subscribe to The Luxury Home Council's strict guidelines that demonstrate the agent's expertise in this highly demanding segment of the real estate marketplace.

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Why a Second Home in Vero Beach?

28 BeachWhether a quick weekend getaway to enjoy the beach, go sport fishing or golf with friends, Vero Beach is the perfect destination for those seeking a little R&R. Relaxed and understated, after a few trips, many visiting golfers and beachcombers become local homeowners when they fall under the spell of this panoramic, peaceful region. That is how many of our clients start before they become second homeowners in Vero. Many buyers want a special place where they can restore themselves and escape their hectic lives to unwind and enjoy time with their families.

Be it a house on the beachside or a condo on the mainland, Vero offers the diversity and quality of life you dream of. With its elegant and naturally preserved old Florida charm, a second home in Vero Beach is a place your family will cherish for years to come.

If you would like to learn more about homeownership in Vero Beach, please contact Norris & Company Real Estate at 1.800.635.5155.

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March Top Producers Announced!

Congratulations to our March Top Producers!... Read More

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Infographic: % Change in Sales from 2013

Source: Keeping Current Matters; NAR

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The Cost of Waiting….

If you are trying to decide whether to buy now or wait a little longer, here is a graphic with data from the National Association of Realtors that might help in that decision.

 

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