New member- interested in real estate in Brevard county, FL

[Cindy Joseph]

Hello everyone! My name is Cindy. My husband and I are looking to relocate to Brevard county FL and am interested in real estate there. We are looking to buy around January ideally but wondering if we should wait and rent a place for a few months to see if prices cools down.  Ideally we would like a multi unit and live in one of the units for 1-2 years while renting our the others. Or buy a single family home, live in it 1-2 years, rent it out and purchase another. The market seems very high there still.  I am also afraid it may just increase further if we wait longer. 

Is anyone from that area who would have insight or advice? 

Any recommendations on real estate agents that wor with investors in that area?

Any up and comming areas in Brevard to keep an eye on? I know beachside is very popular (and also very pricy). 

Thanks!

[Tchaka Owen]

Hi @Cindy Joseph, I am a licensed agent in Brevard and it is tough to predict what will happen in the future. Most markets in the US have transitioned from extreme sellers markets to more balanced ones. Brevard is no different. However, where Brevard may have a leg up on many places is the booming space industry. SpaceX, Blue Origin,etc are strong in the area as well as other firms that may support them such as Northrup Grumman, Harris and more. Also, this market did not appreciate to the extent that others such as S.Florida did. Will there be continued adjustment? Likely. However, I wouldn't suggest waiting it out like 2007-2009 (to be fair, this area got hit extra hard around 2012) as that's not likely to happen. Also, multi-units aren't as prevalent here as in other areas. Yes, they exist, just not everywhere. This is more of a SFH county. Please feel free to reach out with any questions you might have.