The ground that the US real estate industry is planted upon has begun to shift. The tremors we've been experiencing in the online world of real estate seem to predict a major event sooner rather than later.
Just a few years ago, Realtor.com was the number one website that consumers used to search for real estate. Most MLS systems including ours share their listings with Realtor.com. A few years ago the Brevard MLS began sharing listings with several other websites with the
2004, the national pastime and number one topic of discussion was the red-hot real estate market. Average Americans were buying investment properties worth ten times their annual income with no money down and no intention of renting them. The average Cocoa Beach residential property was appreciating by several hundred dollars a day. One's net worth was giddily recalculated every morning over coffee to figure out how much the night's sleep had netted. We still had another year
Thanks to Jon for suggesting a post about condo fees. Contrary to popular opinion, condo fees are not a bad thing. They are not even unfair. Regularly collected fees from multiple owners of common property insure that adequate funds for common expenses are available when needed.
How much is fair? That depends on what those fees are intended to cover. At the same selling price, is condo unit A with $350 a month fees a better deal than than an identical unit, B, with $450 a m