⌛6 Reasons to Buy a 55 Plus New Home in Vero Beach FL Now

Timing is your best ally when buying a home

Which brings us to the next question: when is the right time to buy a house? While nobody can clearly say when, we can consider several key factors that can make an incredible influence on our decisions.

Sales activity changes from season to season here in Vero Beach, FL, but not as much as people think. If you decide to wait until next year’s peak buying season to buy a 55 plus new home, that can change the seller’s attitude towards selling.

What can influence your decision in buying a home?

• The difference between local and national market trends. You will see trends on the national level, they may not necessarily reflect what’s going on in your local area. Know more about your local market before deciding if you should buy now or next year. Your market research should only focus on local trends in order to distinguish the health of your local market.
• Your budget. The ideal situation is to enter your retirement years without any monthly mortgage payments. But whether you’re a retiree, or empty nesters, you still need to consider the biggest pieces of the budget equation. This equates to the down payment, the monthly mortgage, and a good credit score.
• Time of the year. You know what they say, buy during the peak seasons of spring and summer, when you hav55 Plus New Homes for Sale in Vero Beache more options. However this also means more competition and possibly higher prices.

So why do you need to buy your 55 plus new home in Vero Beach, FL now?

Let’s check some of the benefits if you don’t procrastinate your time of buying.

Separate projections conducted by Bankrate, Freddie Mac and Carelogic show that:

1. The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
2. Freddie Mac predicts interest rates to rise to 4.4% by next year.
3. CoreLogic predicts home prices to appreciate  by 5.0% over the next 12 months.
4. There will always be something in a home that you’ll find unattractive so as long as you have set realistic expectations, go for it. Uncertainty makes the waiting seem a lot longer. Decide to find the right home for you, now.
5. If you’re currently renting, make sure to do a research  on the cost of renting versus buying in your local area. In most cities, your monthly housing costs will go down if you buy a house rather than renting continuously.
6. The longer you procrastinate to start looking for a new home, the more likely you will face stiffer competition for fewer homes.

Your choice to buy your home this year is personal and critical at the same time. Consult with family, and friends who have also ventured into buying a property this year and have a trusted REALTORⓇ.

Are you now convinced that this could be the best time to buy your home?

Vero Beach is a pristine town on the Treasure Coast of South Florida accentuated with amazing beaches and the ideal climate. We’re proud to have some of the most expensive and luxurious properties around. If you’re searching for a life of solitude then you’re reading the right page, it’s the perfect place for quiet living.

The diversity of the type of homes from single family to townhomes are spread all over this city. One of the most recent homes I sold was a lovely property close to the beach and town. A Peppertree Villa nestled under the oak canopies. It’s impressive also because of the high ceilings, as well as the floor-to-ceiling windows in the living room, dining room and master bedroom.

With 2 beds, 2 full baths, and an interior of 1,801 sq. ft., built in 1993, this home was sold for $305,000. Close to schools and a quick drive to several shopping centers, it’s in the perfect  location!

You and I both know you are ready to move here!

I can bring you to properties similar to the one I described. We can customize and filter your search depending on your budget.

Many 55 plus buyers sometimes learn the hard way by trying to negotiate the price and lose out to other buyers with a stronger offer. If you’re ready and have a skilled REALTORⓇ like myself, we can easily overcome all the obstacles.

Call me at 772-532-3221. My name is Karen Mathers!  

In case you cannot view this video here, please click the link below to view 6 Reasons to Buy a 55 Plus New Home in Vero Beach FL Now on my YouTube channel: https://www.youtube.com/watch?v=sJ5Vh2XmAtU&feature=youtu.be

💰What Are the Closing Costs of Buying a 55 Plus Home in Vero Beach FL?

Always consider your location for the home you purchase

It’s essential to know if the home you’re moving to has any extra closing costs. Another thing you should consider is the kind of property you have purchased.

Closing costs are what you need to pay in order to close the sale on your home. The costs of the services completed, as well as those involved in loans, need to be paid. You may be asked to pay some of them while you’re still in the process of buying the house but technically, closing costs should be paid after everything is done and the keys are ready to be handed to you.

The good news is Vero Beach, Florida, which has served as a top retirement destination for decades, offers some of the lowest closing costs in the region. They have been ranked on the low end of closing costs’ average range nationwide.

Get as much information as you need!

Here are the customary fees for buyers according to the Federal Title and Escrow Company in Florida:

• Down payment
• Title insurance
• Loan Fees
• Prepaid interest
• Inspection fees
• Appraisal
• Mortgage insurance
• Survey Fee
• Hazard insurance
• Miscellaneous fees such as documentary stamp
• Property taxes
• Deed recording fees

Determining the right closing costs is pivotal for the buyer to know since there are separate fees allocated for both you and the seller. You won’t want to have any unpleasant surprises at closing time with fees that are not reflected on the contract.

What goes into the closing costs of buying a 55 plus home in Vero Beach, FL?

The fees normally come from the mortgage lender and the title company or lawyer which are involved in the transaction.

Majority of the closing costs in Vero Beach, FL are paid to the lender. For example, a house for $200,000 with closing costs of $1,800 usually has more than $1,000 of average costs accrued to the lender. Even for those who don’t have a lender, charges will also come from title insurance companies, property surveyors, and other professional fees. If you’re a cash buyer, you can often receive more than 50% discount on closing costs since you won’t be needing the involvement of a bank or a lender.

I’m Karen Mathers and I will be here to help you throughout this entire process!

As your REALTORⓇ, I will see to it that I’m there with you during the closing. It’s only good business sense to give full service to my clients through this entire transaction. I’ll make sure you aren’t missing any documents, and all questions will be answered. I will ease your last minute worries and surprises by making sure no errors on commissions or deeds show up at closing.  I will be there to verify that the sale is being closed according to the terms of the purchase agreement.

What are you waiting for? Call me at 772-532-3221 and let it be our singular goal to find the right 55 plus home in Vero Beach for you and go through the entire process smoothly! And if you’re a seller thinking about closing costs, I can definitely help you, too!

In case you can not view this video here, please click the link below to view What Are the Closing Costs of Buying a 55 Plus Home in Vero Beach FL? on my YouTube channel: https://youtu.be/A_kc1gKTMbc.