A 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
Norris & 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.
With the Atlantic Hurricane Season quickly approaching, June 1st-November 30th, now is the time for Indian River County residents to make or review Hurricane Checklists and Evacuation Plans. Below is a short list of items you may want to include while preparing:
- Water (1 gallon per person/pet per day, plan for 3 days)
- Medications (2 week supply)
- First Aid Kit
- Battery Operated Radio
- Flashlight / Lantern
- Non-perishable food
- Coolers for Food and Ice
- Propane for Gas Grills
- Fill Vehicle Gas Tanks & Cans
- If you have a Generator, check it to make sure it is in working order before a storm approaches.
- Pet Supplies (food, meds)
Have a plan in place with family members as to where you will go in the event you are ordered to evacuate for a storm. This is particularly important since cellular communication immediately after a hurricane is limited to first responders/emergency services and landlines are often not working in the affected areas. If you plan to evacuate to a shelter and have pets or special needs, be sure to make these arrangements well ahead of time as shelters for these services may have limited capacity.
Get cash ahead of time. ATM’s will likely be down as power may be out for days and/or businesses closed. Credit/Debit cards won’t work for the same reasons.
For insurance purposes, take interior... Read More
Recent client testimonials....
"Peggy Hewett was wonderful! She was always available and answered her phone. We didn't have to leave voicemails and wait hours for answers to our questions. She even went above and beyond by helping us reserve a storage unit here since we were out of town. Thank you!" Mr. and Mrs. Lawrence Genna
"The level of personal service that Lucy Hendricks provided during a difficult sales process was unprecedented. Lucy worked very hard and showed the house 50+ times before we got an offer. A first class Realtor and a first class person." Mr. Allan J. Klotsche, Jr.
"Bob Faller is a true professional with a great knowledge of the market. I appreciated his guidance throughout the sale of my home in Vero Beach" Mr. Kevin Komisky... Read More