December 2015

2055 S. Atlantic Ave., #403, Daytona Beach Shores, FL

Price: $525,000
MLS number: 1010090
Bedrooms: 3
Bathrooms: 3
Square Footage: 2378
Condo Community: Towers Grande
Property Features: Over $100k in updates, Designer Furniture, Professionally Decorated and Designed Unit, Hunter Douglas Shades, Crystal lighting, Resort Amenities, 

Awesome Upgrades, Luxury Furnishings, Lavish Design

Lavish Luxury. Posh Living. The Beach Life Unmatched. OVER $100K IN UPGRADES AND UPDATES! This 3 bedroom 3 bath luxury condo was professionally designed & decorated for the buyer who expects nothing less than THE ABSOLUTE BEST. This direct oceanfront unit is situated in an amazing luxury complex offering a fabulous location near some of the area's best

If it feels like your high rent bill is making it difficult, if not impossible, to save for the future and pay rising living and healthcare expenses .... that's because IT IS! And while we hate to be the bearer of bad news. It's only going to get MUCH WORSE over the next 10 years, according to a study done recently by The Joint Center For Housing Studies at Harvard University. 

The study looked at how many American residents are spending too much of their incomes on renting a place to live. For the purpose of the study, the researchers decided spending around 50 percent or more of one's income is too much. It's a more than fair place to start since Fannie Mae and Freddie Mac recommend people spend less than 30 percent of their income on housing. And

Check out this awesome holiday video from our team. We wish you a 2016 filled with love, joy, peace and prosperity. From our family to yours... Happy Holidays!

Interest rates are rising in 2016 and the Daytona Beach market trends are changing for sellers. Watch this video to hear what our fearless leader, CEO of The Wyse Home Team is telling buyers and sellers about what to expect in 2016.

The Wyse Report

For Immediate Release: Dec. 17, 2015

(Daytona Beach, FL) – According to the Daytona Beach Multiple Listing Service (MLS), for the month ending on November 31, 2015, 318 existing single-family homes (detached) were sold in the Daytona Beach area with a median home sales price of $170,062. Those figures represent a 4 percent drop in total sales and a nearly 8 percent increase in median sales price, year over year. 

“The market typically does slow down in November each year,” said Daytona Beach area Realtor Ron Wysocarski, leader of The Wyse Home Team at Keller-Williams Realty in Port Orange, FL. “The year-over-year drop we are seeing in the November sales numbers is not drastic, and median sales prices held strong. Overall, it has

It was a big news Dec. 16 when the Federal Reserve board met a decided the nation's economy has finally recovered enough from the recession to begin the slow process of increasing interest rates again. The Fed bottomed out the nation's base interest rate near zero in 2008, and it has taken the economy seven long years to recover its health enough that the Reserve was willing to begin an upward trajectory again.  

The rate hike the Fed pushed through this month is a small one, about 0.25 percent. But it affects us all, whether we are home buyers, home sellers, investors, or just families saving for the future. 

Of course interest rate increases mean everyone's savings accounts can grow a little faster thanks to higher interest earnings. So if you are

In a day and age when prices are ever rising, needs are ever increasing and incomes are remaining relatively stagnant, it has gotten tough for many people to save up a down payment for a home. First time home buyers are facing particularly tough challenges.

In a recent study done by Builder.com, researchers found national averages indicated it could take almost EIGHT YEARS for a first-time buyer to save enough for a down payment on their dream home. That's a tough blow to the American dream of home ownership!

Massive Regional Differences

Of course, where you live and where you hope to buy a home drastically affects how quickly you're likely to be able to save up a down payment. In California, low inventory and extremely high home values and even

Your Sales Price

Of course, most sellers want to get the most amount of money for their property in the shortest about of time. However, it's important for sellers to know and understand that a home should be priced at a point that's reflective of the other comparable homes in the neighborhood. Not what you paid for it. Not what you paid plus some appreciation. Not what you owe your lender for it. Only... and exactly.... what it's worth as characterized by what buyers in the market are currently paying for homes just like yours... in your neighborhood.

So here's the thing. Maybe you know someone who priced their home another way. Maybe you've met someone who sold their home for more than you... or others knew it was worth.

Of course there are

Price. Cost. They sound like the same thing, right?

Not always. And there can be a particular difference for buyers in real estate.

Often, home and condo sellers are most concerned with the ‘short term price.’ This is typically an idea of where home values are headed over the next six months and how that might affect the sale price of their home or condo when each of the parties sign on the dotted line.

But for buyers, price is only a small piece of the purchasing equation. More often, buyers are equally focused on understanding the ‘long term cost’ of the home they will buy. These long term costs can include everything from repairs needed today, to maintenance costs of the home overtime, to future repairs that will be necessary. The long term