All Forum Posts by: Scott Schuetz

We just purchased a property at the county foreclosure auction. The owner had passed away and the bank eventually foreclosed. After the auction, we accessed the property and there are many of the owners personal items and even a car in the garage. I'm assuming that any potential heirs were given time to get any items they wanted in the probate process. Normally the things we find left behind are junk and we just trash out, but before we start going through these things I wanted to see if anyone else had the rights to the contents.

Has anyone run into a similar situation?

@Adam Lim welcome to BP, you're going to love living beachside! I moved here 9 years ago from Virginia and I absolutely love it

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@Kenneth LaVoie in an oceanfront condo, one of the biggest contributors of value is the overall desirability of the building and the particular unit. How old is the building, what floor is the unit on, how many parking spaces.... Also the HOA rental restrictions are very important. Some have 1 week, 1 month, 3 month and 1 year minimum rental periods, some condos do not allow any rentals. Generally 1 week to 1 month rentals have a negative impact on value as many retail buyers don't want to be bothered by an influx of vacationers or short term renters. The 3 month minimums are attractive as we have a large population of snowbirds and many owners like to rent for 3-4 months in the winter. A nice 2 bedroom oceanfront condo could bring in $3500 per month in the winter.

We're definitely not on a downward trend. Prices are still going up, demand is very high and inventory is low. Today on the MLS in Indialantic, we have only 18 oceanfront units for sale and only 7 of those are under $500k. Make sure to search in Melbourne Beach, Satellite Beach and Indian Harbour Beach too. It's basically all the same area.

Feel free to contact me directly about any particular units you're looking at and I can give you the local knowledge. I may be biased but I think you'll like Indialantic much better than Cocoa Beach.

@Kenneth LaVoie I moved down here 9 years ago thinking Cocoa Beach was my destination. Like @Luke Grogan I also like south Cocoa Beach, but I fell in love with Indialantic. I've owned a couple duplexes here, I currently have 2 townhouses I use as long term rentals and last year bought a great house on a canal. Definitely check out this area as many find it more desirable than Cocoa Beach. The people here are great, good infrastructure, lots to do and still has the small beach town feel. 

@Ricardo Lopez Sure, we can meet next week. I'd love to hear about your background. My contact info is on my profile or send me a message through BP and we can set up a time and place.

@Zane O.  Is the style of the home different than others in the neighborhood? The wood trim and baseboards are an older or classic style. In my market, buyers are drawn to a more contemporary look.  

Staging could make a difference. If you can partner with a good stager, then retake pics and have another open house, that could be the ticket. Best of luck, I hope you get it sold soon.

@Ricardo Lopez Congrats on getting your license! You have many options on the way to run your real estate business and the brokerage is an important piece. I'd be happy to help steer you in the right direction. Before you select a broker, I'd advise you to create your business plan (being a realtor is definitely a small business). Here are some things to consider:

-what area will you be practicing in? Brevard county is large and diverse, it's a good idea to specialize in a locale

-What type of properties do you want to sell? price range, single family, condos?

- How do you learn best? self taught, one on one, webinars, book...

-what value can you offer to your clients?

-How much of your commission are you willing to give up to join a brokerage? 

Hopefully you can figure out some of these things prior to meeting with a broker. Many brokers in the area have a strong sales pitch and believe in their value proposition. It's easy to be swayed even if it may not be the best fit for you. Feel free to reach out if I can help you in any way.

@Cami Paul it can take some time but keep networking, facebook, instagram and it will pay off. 

In the meantime, start becoming an expert in your area. Are you previewing houses, do you know the average days on the market for your area, median sales price, hottest neaghborhoods, which schools are the best....??? Become an expert so when you get your first client they will be amazed at the level of service and expertise you provided.

I've purchased single family homes from the Titusville auction but not any condos.