The Difference Between Buying and Renting in Vero Beach

Looking to buy in Vero Beach? Get a full home search 
Looking to sell in Vero Beach? Get a free Home Price Evaluation

Today, I want to address a common question I'm asked. Specifically, they want to know if it's better to buy or rent a home based on current market conditions. Which is better: buying or renting?

Most people don't know this, but the United States Federal Reserve does a study every three years of the wealth of the American people based on homeownership habits. The next study comes out in 2016, which will reveal the gap between renters and homeowners. This next report will be particularly interesting due to the recent price gains in the real estate market. These price gains mean that the gap in wealth between a homeowner and a renter could be wider than it has been in a long time!

The last report found that the average homeowner's net worth is 45 times higher than the average renter's net worth. That's a lot of money! The average homeowner's net worth is $195,400, and a typical renter is worth $5,400. Simply deciding to buy your home means you could dramatically increase your net worth!

We can help you get started when it comes to buying a home. If you have any questions, give us a call or send us an email. We look forward to hearing from you!

What Does a Hot Vero Beach Market Mean for You?

Looking to buy in Vero Beach? Get a full home search 
Looking to sell in Vero Beach? Get a free Home Price Evaluation

As you probably know, our market is awfully hot right now.

We are currently at the lowest level of inventory of available homes we've seen in years. As of today, there are about 1,300 homes for sale in Vero Beach, Sebastian, and Indian River County. Demand is through the roof!

We've had several homes sell before they even came on the market and bidding wars are happening more and more. In other words, it's been an incredible summer, even though summer is usually not the busiest real estate season in Florida. In addition to the busy market activity for condos and resale properties, new subdivisions of homes are being built all over the Vero Beach area.

With so much going on in this market, what can you do to be prepared? If you're a seller, you're in a great place right now, as there are a limited amount of homes for sale and a ton of buyers. One issue that comes up is short appraisals; because there are not enough homes for sale, buyers are paying more than they might based on closed sales. Sometimes, the appraisal will come in too low and negotiations will have to take place. Remember, this is completely normal in a rising market, and we can help you solve these problems.

Now is a great time to get top dollar for your home. Because interest rates remain low, there is no better time to make your move. If you would like our assistance in this market, please don't hesitate to reach out to us. We would love to hear from you!

The #1 Secret to Selling for More Money in the Vero Beach Area

Looking to buy or sell a home in Vero Beach, Florida? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price  Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (772) 539-7706 for a FREE home buying or selling consultation to answer any of your real estate questions.

Buying a home is a big process. It requires more than just deciding how many bedrooms you want. Trust me, I know. I am trying to purchase an investment property now. I've been frustrated with the lack of pictures, videos and information I am receiving from the real estate team I am working with there.

Often times people ask how I sell my homes quicker and for more money than the average agent. The truth is I make sure my clients don't have to continually ask for more information. I communicate every step of the way and make sure you know all the information that I do.

Another important factor in how I sell is how the Kelly Fischer Team uses all different kinds of technology to promote and communicate. You can visit our website at www.KellyFischerTeam.com or our blog at www.KellyFischerTeam.tv

If you have any questions, give me a call at 772.539.7706 or email me Kelly@KellyFischerTeam.com