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Tropical Realty Blog

 

The Washington Post reported that 90 percent of home searches are conducted online. Buyers searching for homes in Brevard County are faced with a number of different real estate information sites to choose from and not all of them are created equal.

Sites like Zillow have gained household name recognition, but are the results they provide accurate and regularly updated? Buyers have spent valuable time researching listings on some sites only to inquire about properties and find that they are no longer on the market. Valuable time is wasted on these endeavors and people often feel let down when they find out the home they were hoping to walk through has already been sold.

The availability of homes is not the only thing that sites like Zillow can

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Indie real estate brokerages joining cloud-based competitors, like eXp Realty and Real

EXp's absorption of Tropical Realty team highlights budding trend

 

BYTEKE WIGGIN Staff Writer

MAY 17 

Key Takeaways

  •          The deal between eXp and Tropical Realty highlights an expansion strategy that cloud-based brokerages are using to accelerate their growth.

 

If you can’t beat ’em, join ’em.

This thinking has long inspired some independent brokerages to affiliate with traditional brands. And a similar rationale is spurring others to join fast-growing virtual brokerages that do not operate physical offices, such as eXp Realty and Real.

Tropical Realty, a Brevard County, Florida brokerage, recently shed its brokerage status to

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Winning Tips

No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home.

Know your buying power

What is your buying power? It is the combination of your credit-worthiness and how much you can realistically pay for a home.

First, you need to understand the hidden costs of buying a home. You will need to save not only for the down payment of your home -- which is typically between 10% - 20% of the offer price -- but also for any additional transaction fees, such as transfer tax, PMI, title insurance, and legal fees.

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 The Cove in Port Canaveral

Cape Canaveral residents and visitors have one more thing to look forward to in the coming year. At 52,000 square feet, this new addition is a rather big thing for Cape Canaveral residents to anticipate and eventually welcome into their beautiful, breezy community.

Late yesterday afternoon,Florida Todayreported thatPort Canaveral commissioners approved development of a part of the Cove, a charming area within the port laden with restaurants and seafood markets. According to the article, tenants in the Cove’s new development will include local and national businesses from the following industries:

  • Retailers
  • Service businesses
  • Entertainment venues
  • Hospitality (restaurants and one hotel)

Florida Today reported that the coming

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The 4 Components of a Sale: Terms

Real estate sales are composed of four basic components. Homes are sold every day based on their locations, conditions, terms and prices. Some sales are made quickly with large profit margins, while other properties sit on the market much longer and sell for far less. Understanding each component of a real estate sale helps sellers make informed decisions on how to best position their listings in the current marketplace to attain favorable results.

The third component of a real estate sale is terms.

Negotiable terms help properties become more marketable overall. Sometimes buyers will ask for small items to be added to a closing contract, such as a washer and dryer. These are called buyer requests and can range from leaving a set of drapes

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5 Facts About Palm Bay 

For 130 years, Palm Bay has been a growing community. When the first settlers founded the town of Tillman back in 1887, they likely had big aspirations, but may not have even imagined that it would one day become one of the largest cities in the entire state.

Palm Bay’s grand size and large population aren’t the only things that make it a standout. Here are five interesting, but little-known facts about the south Brevard city: 

1. Palm Bay is the second largest city in Central Florida.

With nearly 103,000 residents, Palm Bay is the second largest city in Central Florida. Palm Bay is also the 18th most populous city in the Sunshine State and the largest city in Brevard County. The “bass fishing capital of the world” is still growing though.

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Green Sea Turtles Have Banner Year in Brevard County

Green sea turtles have been closely watched since 1978 when they joined the list of federally threatened species. According to ABC News, in the decade that followed their addition to the list, green sea turtles averaged fewer than 50 nests a year. With only 1 in 10,000 baby sea turtles surviving into adulthood, protected nesting grounds are critical to the species’ survival.

Decades into the effort to save the species, baby sea turtle survival rates remain rather grim numbers, but another figure is on the rise. ABC News reported that green sea turtles rebounded from a not so great nesting season last year to have one of their strongest seasons ever.

Green sea turtles had a banner year along the Brevard County shoreline with over 12,000 nests dug

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South Brevard Sees Growth Opportunities

Good headlines are always welcomed and stories coming from south Brevard have delivered several such articles recently. There are few expansions in the works that will provide residents of Palm Bay, Melbourne, Suntree and surrounding areas with new jobs, means of travel and medical care facilities, all of which are make for good news.

1. A Melbourne company plans to expand and create jobs in Palm Bay

Florida Today recently reported that Oakridge Global Energy Solutions Corp., which already employs 25 people in Melbourne, has been granted tax breaks and incentives to acquire a manufacturing facility in Palm Bay. The battery maker plans to expand and employ 1,000 people with average annual salaries just over $50,000. 

The article stated that

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 New Aerospace Jobs Are Coming to Titusville

A wave of new job opportunities is sweeping across the northern end of Brevard County. Several companies are bringing great new jobs to the Space Coast’s north end and in the process bolstering the city of Titusville’s economic rebound.

1. Blue Origin

According to Bay News 9, Blue Origin is expected to announce that it will begin building rockets near Kennedy Space Center, where once they were only launched. The eagerly anticipated announcement is expected some time next week.

The news report stated that Blue Origin’s current location offers employees “high-end jobs of design, engineering and manufacturing” some of which may make their way to Titusville. Venture Capital Post reported that if Blue Origin began building rockets in northern

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Autumn in Brevard County

Fall is still a few weeks away, but that doesn’t diminish the level of excitement surrounding the season’s arrival in the least bit. Although Brevard County doesn’t have many of the season’s staples, such as brightly colored leaves or steep temperature drops, the Space Coast makes up for it by enthusiastically embracing smores, crisp breezes and thin sweaters. Brevard County residents trade in their iced coffees for warm lattes and hot apple ciders and can’t wait to dig into pumpkin and apple pies.

Autumn weather in Brevard County is absolutely delightful. The temperature draws down from the heat welcomed during the precious summer months, but remains warm enough for family trips to the beach. Unlike many other places across the country, the waters

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