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...
Berkshire Hathaway Home Services Florida Realty, formerly Norris & Company Real Estate, recently recognized their February 2016 Top Performing Associates.
Debbie Bell, Chip Landers, Gretchen Hanson, Beth Livers’ Sand & Land Team and Lucy Hendricks attained the highest dollar volume of closed sales for the month.
The highest dollar volume of new listings was achieved by Jane Schwiering, Debbie Bell, Marshall Carlton, Mark Seeberg and Peggy Hewett.
Congratulations to all of our Top Producers!
Berkshire Hathaway HomeServices Florida Realty Leadership Named --
Carol Prezioso Assumes Role of Managing Broker
It is a pleasure to welcome Carol Prezioso to our Leadership Team! Carol has assumed the role of Managing Broker of our newly acquired, Norris & Company Real Estate, in the Northeast Region, now Berkshire Hathaway HomeServices Florida Realty - Vero Beach. The Branch Sales Office is located in the highly visible and well-trafficked heart of the beach area at 3377 Ocean Drive, Vero Beach, FL 32963 -just across from the ocean.
“Joining Berkshire Hathaway Home Services Florida Realty is an exciting opportunity. I'm thrilled about the additional tools, resources and support that are now available to our Sales Professionals and customers. With the global recognition, integrity, and financial strength of the Berkshire Hathaway brand along with the wealth of knowledge and expertise our sales professionals possess, we look forward to delivering unsurpassed service to our customers!” remarked Prezioso.
Since 2012, Carol has been the General Manager of Norris & Company Real Estate where she assisted the owners, staff, and Sales Professionals with the day to day sales and operating duties of the highly productive office. Carol was also involved in selecting and developing the top real estate professionals in the Vero...
Norris & Company Real Estate, now Berkshire Hathaway Home Services Florida Realty, recently recognized their January 2016 Top Performing Associates.
Debbie Bell, Steve Owen, Peggy Hewett, Gretchen Hanson, Sue Yahraes, Jane Schwiering, Lucy Hendricks and Claudia Johnson attained the highest dollar volume of closed sales for the month.
The highest dollar volume of new listings was achieved by Beth Livers’ Sand & Land Team, Lucy Hendricks, Jane Schwiering, the Team of Gena Grove and Andrew Harper, Steve Owen, Debbie Bell, Chip Landers and Gretchen Hanson.
Congratulations to all of our Top Producers!
About Berkshire Hathaway HomeServices Florida Realty
Berkshire Hathaway HomeServices Florida Realty has over 39 offices and more than 1,750 sales professionals serving 18 counties throughout Florida. The full-service brokerage, founded in 1999, is a wholly owned subsidiary of WCI Communities, Inc. Berkshire Hathaway HomeServices Florida Realty is ranked fifth in the Berkshire Hathaway HomeServices network and is the overall No. 1 fundraiser for The Sunshine Kids Foundation, having generated more than $3.1 million. Their Ocean Drive location is open daily or you may view available properties anytime at www.BHHSFloridaRealty.com or www.norrisandcompany.com or call 772-231-1270 for more information.
Transaction Expands Brokerage’s Presence in the Treasure Coast
SUNRISE, FL (February 9, 2016) – Berkshire Hathaway HomeServices, the real estate brokerage network operated by HSF Affiliates LLC, announced that Berkshire Hathaway HomeServices Florida Realty has expanded to Vero Beach and Indian River County with the addition of Norris & Company Real Estate. The transaction adds its REALTORS® and support staff to the statewide company. Terms were not disclosed.
“Norris & Company Real Estate REALTORS® are well-respected throughout the Treasure Coast,” said Rei Mesa, president and CEO of Berkshire Hathaway HomeServices Florida Realty. “The firm’s long standing reputation and loyal client base speaks to the skills and professionalism of this fine sales team and we are proud to welcome them to our “Family of Services.”
For 45 years, Norris & Company has been recognized as the leading firm of premier upscale real estate in Indian River County. Since 1989, the company has been under the ownership of Gena Grove and Jane Schwiering, both long-time associates of the firm and long-time residents of Vero Beach. Under their esteemed leadership and collective vision, Norris & Company has enjoyed tremendous growth and success over the years. “Berkshire Hathaway HomeServices Florida Realty’s core values and vision are an excellent match for our REALTORS®....
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!
If 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:
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.
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,...
Norris & Company Real Estate recently recognized their November 2015 Top Performing Associates.
Lucy Hendricks, Jane Schwiering, Cheryl Burge, Brenda Dwight, Beth Livers’ Sand and Land team and Rachel Leyda attained the highest dollar volume of closed sales for the month.
The highest dollar volume of new listings was achieved by Debbie Bell, Beth Livers’ Sand and Land team, Gretchen Hanson, Erika Zeck, Jane Schwiering and Chip Landers. Congratulations to all of our Top Producers!
At Norris & Company Real Estate, a commitment to giving back to the community features strongly in our company values. This was keenly reflected during the month of November when the Brokers, Associates and Staff collected non-perishable food items and donated funds to the Food Pantry of Indian River County, a 100% volunteer organization providing emergency food provisions to the disadvantaged, unemployed and underemployed of Indian River County.
The Food Pantry is part of our company’s philanthropic values to help those in need within the community in which we live and work. Food insecurity can have a lasting impact on lives, from education to health to employment and Norris & Company is dedicated to not only help provide nutritious food to families in need, but the potential to improve the lives of many.