Vero Beach Real Estate and Community News

Oct. 12, 2020

Year to Date Market Report - through Sept 2020

Sales Activity on the barrier island continues to improve.  Single family homes leads real estate sales on the barrier island (64% over 36% condos) and 50% of total sales were over $600,000 so far this year.  25% of total sales were over $1 million.  Inventory is low, so sellers would be wise to consider selling at this time.  If you have any questions at all about the market, please call me at (772) 473-7255.  

 

2020 SOLD PROPERTIES / Vero Beach Island Real Estate

 

  January February March April May June July August September
Single Family 31 31 45 34 22 46 47 53 54
Condo 18 13 31 16 12 30 31 23 33
TOTAL 49 44 76 50 34 76 78 76 87
                   
$0-$299,999 7 6 7 6 8 12 12 6 14
$300,000-$449,999 5 13 13 9 6 8 17 15 12
$450,000-$599,999 10 4 14 6 6 24 15 14 11
$600,000-$1million 10 4 21 13 9 18 14 24 35
$1million+ 16 17 20 16 5 14 20 17 15

 

 

 

Aug. 28, 2020

Mortgage Pre-approvals

Why is it important to get a pre-approved mortgage before purchasing a property?

 

A pre-approval letter is a document issued by the mortgage company suggesting that the buyer meets the lender guidelines and can purchase the selected property. It gives a rough estimate of the monthly payment that the borrower needs to make. Most financial institutions issue such letters after checking the applicant’s credit score, debts and assets, and the overall income. For securing mortgage pre-approval, the applicant needs to submit pay stubs for two years, tax returns for the same period, bank statements and investment account statements for 12 months, as well as divorce decrees in case if the applicant receives or pays for child support. There are several other benefits of getting a pre-approval.

 

Knowing what you qualify for

 

There’s no way to find out what you qualify for until you interact with a lender. The applicant might think he qualifies for $650,000 but may end up with approval for $600,000. Thus, it is critical to know what you are eligible for. Having a conversation with a lender will help you understand the monthly mortgage installment amount. Plus, you also need to consider the homeowner’s insurance premium amount, property taxes, HOA fees that you would be liable to pay every month along with the mortgage installment.

 

Running a credit check

 

Several home buyers do not opt for pre-approved loans to avoid a credit check. However, experts suggest it is the other way around. Running a credit check offers a full picture. The only way a borrower can know what they qualify for is by running a credit check. If you are seriously looking forward to purchasing a house, you should not worry about a few points on the score. The lender needs to check the total financial picture. If something does not look good, a knowledgeable lender can help you figure out ways to restructure it and suggest steps that can help v you qualify for more.

 

Checking suitable lender programs

 

There are lender programs for teachers, military personnel, first-time home buyers, etc. that can be beneficial. If you wish to check the best Homes for Sale in Vero Beach FL, Debbie Bell’s office can assist you with local lenders’ details.

 

 

 

 

A pre-approval letter needs to be submitted with the offer

 

If you want to write an offer for a property that you appreciate, submitting a pre-approval mortgage letter is important. If you have all the documents that lenders require, you can get the pre-approval letter within a few days. Sellers often prefer to select offers that have pre-approval letters with the proposal. Put simply, Vero Beach Real Estate sellers may not take your offer seriously if submitted without a pre-approved mortgage letter.

 

Helps in determining the price range

 

Lenders approve an amount based on their policies that may vary from one institution to the other. Borrowers who wish to check the amount that they can realistically afford often apply to multiple lenders. It helps buyers to determine which houses can fit in their budget. After all, there’s no point in appreciating and falling in love with a home that’s out of the budget.

July 7, 2020

Vero Beach Market Report - January through June 2020

Selling during a pandemic...
2020 has certainly been an usual year for many of us. Due to concerns about the COVID-19 pandemic, our "season" in Vero Beach looked somewhat different than what we have grown to expect. That being said, real estate has picked up and we seem to be extending some of our season into the summer months. Here is a summary of sales activity in 32963 over the past six months. Noted below is also a comparison with 2019 sales. Feel free to contact me with any questions about the market. 772-473-7255 / VEROBEACHDEBBIE@GMAIL.COM
April 7, 2020

710 Canoe Trail Vero Beach FL 32963

Not just perfect, but a stunning property in the Indian Trials: 710 Canoe Trail

 

Indian Trails is one of the most prestigious addresses in Vero Beach. It is an ocean to river, heavily wooded, guard-gated community.

 

The 710 Canoe Trail is one of the most meticulously designed, high-end houses in the Indian Trails locality. All other homes look up to this estate.  The Bermuda model consists of three bedrooms, four baths, and two offices. Spread across 4,020 sq. Ft. area, the house was completed by Arthur Rutenberg in 2017. The house is constructed on a 150 x 250 estate lot and has eight inches elevation.

 

Inside the house

 

The arrival center/mudroom consists of a lot of cabinetry and a granite desk. If you are someone who appreciates full pool and yard views from the living room, this property is perfect for you. The house's concrete block structure (CBS) construction, impact windows and doors, aluminum roof with lightning rod deterrents, and Hardie plank make it even better.

 

Solid wood entrance doors welcome you to the master bedroom suite. There's a French door to the pool as well. Its large windows to the rear yard, inlaid crown and tray ceiling, and travertine floors make it perfect. The lighting system in the room can be controlled with the help of a remote controller. The custom built-in bureaus and shelves and walk-in closets (one is a safe room) ensure you have ample storage space.

 

The master bath appears elegant due to marble counters and sinks, travertine floors, a jetted spa tub, a private toilet with a bidet, and a seamless shower with dual showerheads. You won't feel like getting out of it for hours.

 

Even the guest suites have walk-in closets and high-end baths. There's a grand multi-purpose room with dark wood beams, a vaulted ceiling, and generous windows.

 

The laundry room consists of an LG washer/dryer, built-in drying bar, ample cabinetry, granite counter, and a sink.

 

Deep crown molding, 12:14 tray, coffered ceilings, and wide baseboards give a majestic appearance to the house.

 

Inside the kitchen

 

The kitchen space is something that the women in the house would fall in love with. It offers lots of storage, pull-out-drawers, quartz counters and island, two wine coolers, deep double farm sink, double ovens, and warming drawer. There is a gas cooktop (six-burner) and a GE monogram 48 refrigerator as well. 

 

Outdoors

 

Indigenous trees, birds, otters, and surrounding conservation areas make the back yard awesomely beautiful. The property is surrounded by a two-inch stone wall from all sides. There is water well to take care of irrigation needs.

 

The pool and lanai are nothing less than factors that add a stunning dimension to the property. The infinity spa and electric heated saline pool can help you relax. The tight weave pool screen offers privacy. The outdoor kitchen is equipped with a superb refrigerator, wine cooler, and blaze grill.

 

The residence has a three-car garage with sufficient storage and a paver driveway that can be sufficient for seven cars.

 

The ½ house Generac generator can take care of the home's power needs during outages.

 

The community

 

Indian Trails consists of 100 homesites and is located in the Town of Indian River Shores. Members of the Indian Trails community get access to an active tennis club, clubhouse with pool, and a guarded beach that also has a parking area as well as restrooms. There is also a tennis club and clubhouse with a swimming pool for members. Last but not least, members also have access to the famous Jungle Trail.

 

Are you willing to show interest in this property or any other homes for sale in Vero Beach FL or Vero Beach condos for sale? You should get in touch with Debbie Bell's office at (772) 473-7255. She is one of the most respected property dealers in the Vero Beach real estate market.

Jan. 28, 2020

Tips for a First Time Seller to List Your Home

Selling a house for the first time? Here are crucial tips for first time home sellers

 

Sellers often get all their stuff boxed up and feel excited about putting the house on the market. But, some of them fail to take a few necessary steps for ensuring they are ready to face the prospective buyers. Here are some tips that can help sellers in remaining on the right track.

 

Dealing with the fear associated with showing the home to prospects

 

Make sure that any valuables, including jewelry, account numbers, and concealed weapons are kept in a safe place as prospects would be traipsing through the house.

 

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Jan. 22, 2020

A Spacious Family Home on the Mainland

Located in the Ashley Lakes neighborhood, 6525 44th Manor sits on the largest lot out of the 36 properties in this tranquil locality known for quality homes. Constructed in 1995, the incredible single-family home is spread on a ½-acre lot in a beautiful neighborhood.

 

The ample common green space located next to the property adds to its curb appeal. The residence’s visitors are greeted with a large paver circular driveway and mature landscaping.

 

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Jan. 6, 2020

Vero Beach's Fascinating Past

Here’re tidbits about Vero Beach’s fascinating past

 

Located along the Atlantic Coast, Vero Beach has earned a reputation as one of the elegant cities in the state of Florida. It is also considered as a crucial part of Florida’s Treasure Coast region due to its peaceful beaches, parks, art galleries, and other tourist attractions. Perhaps, the Vero Beach real estate is in demand due to the same reasons.

 

Incorporated in 1919, the Vero Beach City recently celebrated its 100th birthday. Initially, the city was referred to as Vero, and the word Beach was added in 1925. The city is nothing less than a hidden gem, located between Fort Lauderdale and Daytona Beach. Thus, investors keep their eyes on details about homes for sale in Vero Beach. The beach-side town attracts a lot of limelight due to frequent festivals, turtle conservation efforts, and beaches. Besides these, there’s a lot to know about the city’s fascinating past.

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Dec. 11, 2019

Newer River Club Luxury Home

If you are searching for a stunning single-family luxury home in Vero Beach, 1205 Isla Verde Square is the perfect property for you.  Recently completed in 2017, this Rutenberg, 3,289 sq. ft. home was constructed with the most up to date materials, features and technology. No expense was spared.  Impact glass doors and windows. Open airy floor plan and indoor/outdoor feel. Located in the highly sought-after community of River Club on the barrier island in Vero Beach, this guarded community has two clubhouses, pools, fitness, tennis and overflow guest suites on the beautiful Indian River Lagoon. The beach is a short walk or bike ride from River Club.   The home has a three-car garage and a Kohler 20k generator.

 

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Nov. 14, 2019

Vero Beach Market Update | October 2019

Monthly Market Update

October 2019

VERO BEACH BARRIER ISLAND

 

SF

CONDO

TOTAL

ACTIVE

305

217

522

PENDING / CONTINGENT

56

30

86

       

SOLD

SF

CONDO

TOTAL

0-$299,999

0

5

5

$300,000 - $449,999

4

7

11

$450,000 - $599,999

4

1

5

$600,000 - $1M

4

1

5

$1M +

6

2

8

TOTAL

18

16

34

https://rairc.mlsmatrix.com/DE.asp?k=60350X6b8V&p=DE-5387390-73

     
Sept. 9, 2019

Vero Beach Market Report | August 2019

Monthly Market Update
August 2019
VERO BEACH BARRIER ISLAND
    SF CONDO TOTAL
ACTIVE   299 191 490
PENDING / CONTINGENT   34 19 53
         
SOLD   SF CONDO TOTAL
0-$299,999   0 8 8
$300,000 - $449,999   2 7 9
$450,000 - $599,999   6 1 7
$600,000 - $1M   4 2 6
$1M +   6 1 7
TOTAL   18 19 37

Click here to view properties that sold in August