Searching for New Smyrna Beach real estate in Florida can be as simple as knowing your favorite past time. Our area is filled with outdoor activities, pristine settings, and a little something for all. Because there are so many different areas and communities in our little town, the best way to start your custom New Smyrna Beach real estate search is by asking yourself where you’d prefer to spend most of your time. If you could choose something you’d like to do every day what would come first? Would you like to go for a beach walk or run everyday? Go surfing? Go golfing? Go fishing? Ride horses? Or simply relax under a palm tree? It’s fairly easy to narrow down the area that may work for you…except maybe if you relaxing under a palm tree because that would include the majority of New Smyrna Beach real estate! Regardless of your favorite pastime, New Smyrna Beach has something for everyone.
Obviously price plays a very important role in buying and selling real estate but perhaps your property type can be altered to maintain the location you prefer while meeting your budget needs. For example, there are very few move-in ready homes on beachside in New Smyrna under $275,000. However, there are several townhomes and condos in New Smyrna that are walking distance to the beach and even ocean front that fall under $225,000! If you’re in search of New Smyrna Beach real estate for sale that’s a little larger and newer, for a lower price point then the best places to look will be mainland New Smyrna Beach or Edgewater. Edgewater real estate tends to be significantly lower in price than New Smyrna Beach and is only a 10 minute drive to the beach, plus has boat ramps and river access nearby most neighborhoods. There’s no ‘one size fits all’ when it comes to New Smyrna Beach real estate, where there are so many different forms of recreation. If your goal is to live at the beach in Florida, let’s make it happen!
REALTORS used to get asked all the time if there’s a lot for sale in the New Smyrna Beach real estate market that is in short sale/preforeclosure or bank owned. The answer was, that post recession, of course there were homes that have gone through the foreclosure process and are either in short sale or bank owned. However, in today’s market getting a “deal” is a little more difficult. Inventory is low in NSB. It’s important that buyers realize that sellers are in a position to get market value for their properties in many areas. In other words, prices remain on the rise but are not inflated like they were pre-recession. There are always homes for sale that are priced above market value, and there will always be homes for sale that are priced below market value. However, if a home is priced under market value (or at a “deal”) it’s not unlikely that the seller will have multiple offers. The historical purpose of real estate is primarily for long term investments, not for short term “flipping” and fast inflation of values. The time periods where flipping became the norm were inflationary periods that do not stimulate healthy market growth.
My recommendation, buy New Smyrna Beach real estate because you love the area and want to spend some time enjoying everything there is to offer, and you’re already ahead of the game. Some home and most condo owners that are not in New Smyrna Beach full time can absolutely maintain a healthy vacation rental income from their real estate investment. It’s all about how much you intend to occupy the property yourself and how aggressively you intend to rent. Typically, beachside condos are the most profitable in this category. Local zoning restricts short term vacation renting homes in most of our residential neighborhoods.
We love to work our magic and dig into finding you the home of your dreams! In my opinion, the best way to approach buying New Smyrna Beach real estate including homes, condos, and townhomes is by sending your REALTOR® as much information pertaining to your long term and short term goals as possible. This will essentially dictate the area you should focus on. If you are considering a real estate purchase in Florida, but are not sure which city you like best…it’s wise not to request showings yet. Visit the cities you are considering, walk around, eat at local restaurants, drive through the different areas, maybe walk into an open house, and feel free to call and ask questions, but your decision will not be a result of “what are properties are available”. Your choice will be the town that most suits your day to day activities. Not once have I had a customer choose New Smyrna Beach over Clearwater Beach because of a property they preferred or “what was available for sale”…it has always been a result of taking the time to visit each city, asking a local where to eat, or what beach spot is their favorite, and diving into the day to day life. Once you’ve realized that New Smyrna Beach most suits your lifestyle and you have consulted with a lender about qualification or have cash ready for purchase, enter the real estate market you’ve chosen and hopefully start viewing homes or condos for sale in New Smyrna Beach.