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All Blog Entries by Mitch Ribak

Found 74 blog entries published by Mitch Ribak.

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

17,995 Views, 0 Comments

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.

1,130 Views, 0 Comments

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

1,473 Views, 0 Comments

Hurrican Preparedness Brings Peace of Mind

Tropical Storm Erika has been all over the news in recent days. Yesterday, the storm slowed down and dissolved in the Atlantic Ocean. In doing so, it allowed residents along the East Coast of Florida to take a collective sigh of relief.

From Tropical Storm Erika's outset, preparation measures were in full swing and continuous updates were provided by all the local news sources. The storm's formation reminded many in Brevard County that it’s time to check and resupply hurricane kits.  

No matter how many uneventful hurricane seasons pass, there is always the potential for truly powerful and devastating storms to come upon shore. In 1992, Hurricane Andrew caused severe devastation in south Florida. Since then, there have been some severe storms

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The Numbers: Brevard County Real Estate Market Performance

The Space Coast was recently ranked #13 on Trip Advisor’s “23 Affordable Dream Destinations for Autumn Vacation Rentals.” It’s true that Brevard County is a great place to visit, but it’s also true that it’s a wonderful place to live. The recent Brevard County real estate figures prove that many who visit the Space Coast never want to leave.

Brevard County market sales

In July of this year, 969 homes were sold across Brevard County, which was an 8.9 percent increase over last year. Townhomes also saw an incredible uptick in sales with 276 purchased over the month. This led to a 38.7 percent increase over last year’s numbers.

Market inventory

Real estate sales in July led to a 12.3 percent decrease in available inventory across Brevard

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 Merritt Island High Celebrates 50 Years Launching Dreams

Back when Merritt Island High School’s first classmen walked the halls, things were a tad different. Without the help of Google, Wikipedia, the Internet or computers altogether, they ardently studied, wrote papers and used the Dewey Decimal system to find physical library books to read.

The class of 2015 still studies, but most of their research is conducted online and they often prefer to read books on pint sized digital devices. These same devices browse the Internet, buy products on Amazon and place phone calls. Students email their teachers and dozens of other people daily, but rarely if ever send paper letters.

A lot has changed in 50 years. Blackboards have been replaced with whiteboards. Paper white is a feature on e-readers and real

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3 Wood Look Flooring Options for Your Home

Wood look flooring will always be a safe bet for homeowners because it is attractive and neatly blends with countless home décor styles. There are a number of options available in Brevard County, including natural wood flooring and wood look products that allow homeowners to get the look for less. There are choices for every budget and traffic level.

Here are pros and cons of 3 of the most popular wood look flooring options:

1. Natural wood pros

Natural wood is the preferred flooring for many homeowners. It’s refined so it adds an upscale feel to living spaces. In addition to this, natural wood increases a home’s value. This flooring option is available in many beautiful colors that compliment an array of décor styles. 

Natural wood cons

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What are they building across from The Avenue Viera?

Shoppers passing The Avenue Viera can’t help but notice the construction on the other side of Lake Andrew Drive. The homes being built there are very attractive, which begs the question, what’s the new development’s name?

The answer is: Arrivas Village.

The development has more than a great location going for it. Upscale homes in Arrivas Village offer residents bonus rooms, balconies, verandas and private courtyards. There are two floor plans to choose from, the Castillo and the San Marco, and both feature lovely Spanish Colonial architecture.

Upgrade options are both thoughtful and practical for Florida homes. Buyers can add space to two-car garages for golf carts or summer kitchens to existing patios. Starting prices for homes in Arrivas

1,351 Views, 0 Comments

 Hotels May Return to Scottsmoor, Florida

Scottsmoor is a small town on the northernmost edge of Brevard County that manages to stay out of the limelight most of the time, but last week it made the papers. In the coming years, the quintessential farm town might see some big changes due to some recently approved land rezoning requests.

Scottsmoor truly is the idyllic small Florida farm town. Sun ripened oranges and fresh picked berries add flavor to warm summer afternoons on cozy wraparound porches across Scottsmoor and invite community members to linger until the sun fades beneath the horizon. Fresh, organic fruits and vegetables are as readily available as bright Florida sunshine and just as delightful.

It’s not uncommon to see horses, chickens and cows meandering about in ever-long

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Guardian Angels Serve Right Here in Brevard

From time to time, Brevard County residents may see military aircraft fly over the Cocoa Beach area. Often these are 920th Rescue Wing aircraft and they have an extraordinary job to do. 

Perhaps the most unique aspect of the 920th Rescue Wing is that it is a reserve unit with a life saving mission. Reservists are held to the same standards as their active duty counterparts, but they train one weekend out of every month and for several weeks every year. The reservists at Patrick Air Force Base rigorously train for activations and deployments to conduct personnel recovery missions. 

Patrick Air Force Base stretches along a beautiful area in-between Cocoa Beach and Satellite Beach. From inside the gates and the skies above, pararescuemen and

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