Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 16, 2020

Fort Pierce Inlet: Artificial Reef

Fort Pierce Inlet - Oceanside Realty PartnersSt Lucie County will be installing an artificial reef inside the Fort Pierce Inlet!

Installation of a limestone Boulder reef by the SLC Erosion District has already begun! The purpose is to prepare for a sand-bypass trap to collect beach-quality sand that comes into the inlet.

The reef will also benefit juvenile fishes as a habitat while they spend their early life in the inlet (i.e. gag and black grouper)

The sand trap is designed to collect sand to later distribute back on to the beaches instead of dredging offshore or hauling in via trucks (erosion)

Fun fact: the Inlet is federally maintained and the county tries to get state/federal funds to offset costs


- Info and second photo courtesy of SLC Comm. Director E. Gill

May 15, 2020

Buying a Foreclosed Home

"I'm looking for a good deal!"

Buying a Foreclosure - Oceanside Realty PartnersWho isn't? Most people believe REOs are a "good deal", and that buying a foreclosed home is the only way to get a good deal. "REO" or Real Estate Owned is the actual term for a foreclosed home - "Foreclosure" is the process of repossession by the homeowner's mortgage holder.

You can find any home listed on any home search website because these websites use public records and Realtor® MLS (Multiple Listing Service) syndications. Any time a legal action is taken against a property, a lis pendens is filed publicly. A lis pendens does not always mean a foreclosure, but many home search websites consider it as such, and homes are often listed as "pre-foreclosure". Again, this is not always the case. If a homeowner misses a few payments (usually 4 payments depending on the lender), the lender will begin the foreclosure process unless the homeowner is able to make an arrangement. A lis pendens does not always lead to a foreclosure.

In order to determine if purchasing a foreclosed home is right for you, read on to learn about the foreclosure process, and the researchrisk, and costs involved.

A purchase can occur in each of the following 3 Steps of Foreclosure. Buying a foreclosed home is different than a traditional sale, and the buying process in each phase of foreclosure is different as well.

Step 1: Short Sale

Don't let the name mislead you, there is nothing "short" about a short sale! Short sales can actually take longer than a traditional sale and after the 2008 market downturn, the process could take as long as 2 years! At that time, banks were not used to handling them and were not prepared to handle the number of short sales that were occurring.

A short sale is the pre-foreclosure phase of mortgage default. Generally, 4 payments can be missed before foreclosure proceedings begin. During this time, a homeowner should be in open communication with the lender to try to come to an agreement to bring the mortgage current. If a homeowner cannot foresee the sustainability of the mortgage payments, the homeowner may elect to sell the home. If the home happens to be worth less than what is owed on the mortgage, the homeowner will need the permission of the lender to sell the home for less, thereby creating a "short" on the mortgage.

What this means to a buyer:

Short sales are usually listed by a Realtor® on behalf of the homeowner, and the value is determined by research to determine fair market value. Homes may be priced a little lower than market value because the homeowner is motivated to sell to avoid foreclosure. However, the final purchase price must be approved by the lender since they're taking the loss. The home will then be appraised. The approval process by the bank is what takes the longest; these days, short sales are not common so approval shouldn't take longer than a few weeks.

Discount on price? Not much if any, because the bank must agree to take a short on the mortgage.

Step 2: Auction Sale

If the homeowner and lender do not come to an agreement or the homeowner does not catch up on payments, the lender will file for foreclosure. The home will be then be sold at auction. Investors monitor popular sites that host auctions waiting for new events to be posted. These events are much like an eBay auction, where you must register to bid, and there may be a reserve set.

What this means to a buyer:

  • Auctions are generally cash-only (can be due to poor condition of the home or just a quick sale)
  • Nearly every auction has added fees, including a "buyer's premium" that can be as much as 5% of the winning bid amount.
  • You don't always have access to the property to physically inspect it, and you don't have the opportunity to ensure a clear title. The home is completely as-is so any title and physical issues are yours to inherit.

Step 3: Bank-Owned

If the home does not sell at auction, the property will sell as a bank-owned property or REO. Sometimes the bank buys the home back at auction and offers it for sale. Either way, it will be offered for sale by a Realtor®. Depending on the condition of the home, if it qualifies for a loan (move-in ready with minimal repairs), buyers who require financing are eligible to purchase.

When the bank re-purchases the property through auction they usually address any liens and title issues, one less thing to worry about. Some larger banks like Fannie Mae even offer incentives to owner-occupant buyers to help combat investors.

Banks will price the home according to market value and condition. The "foreclosure discount" lies in the poor condition of the property and/or the bank's motivation to get the property off the books.

Our Value as Realtors®

The agents at Oceanside Realty Partners have experience in transactions involving short sales and REO properties. We have an understanding of fair market value, what a lender looks for in property condition, and more importantly, we can navigate all the special terms and addenda the bank provides as a part of the contract agreement.

Posted in FAQs, Home Buying
Jan. 10, 2020

St Lucie County Dog Parks

St Lucie County Dog Parks

Parks, restaurants and shops in Fort Pierce, FL and Port St Lucie, FL in St Lucie County are becoming more and more pet friendly! If you are looking for a Fort Pierce dog park and/or a Port St Lucie dog park, here is a list for your reference! If you are looking for pet friendly restaurants, see our post on local Fort Pierce pet friendly restaurants and Port St Lucie pet friendly restaurants in St Lucie County.

North Hutchinson Island (Fort Pierce)

A Fort Pierce dog park is Wildcat Cove. Wildcat Cove is a cove along the Indian River Lagoon on North Hutchinson Island in Fort Pierce. Dogs can walk on walking trails without leashes; the trail connects to the north end of Pepper Park where there is paved parking and picnic benches. Parking is also available at Wildcat Cove.

Wildcat Cove, a Fort Pierce dog park on North Hutchinson Island, is located at 3399 N Highway A1A, Fort Pierce, FL 34950

South Hutchinson Island (Jensen Beach)

Walton Rocks Beach, a Jensen Beach dog park, is very popular among our four-legged friends! Walton Rocks Beach in Jensen Beach covers 24 acres of beach property where dogs and run freely and play in the sand and surf! Be careful of the rocks! Sanitary stations, showers, and bathrooms are available.

Walton Rocks Beach in Jensen Beach is located at 6700 S Ocean Drive, Jensen Beach, FL 34957

Savannas Recreation Area

The Savannas Recreation Area is Fort Pierce dog park. The Savannas Recreation Area is a newer fenced-in dog part featuring separate areas for both large and small dogs. The park is ADA-accessible, free, and open during normal recreation hours. The dog playground is 225' x 75'; Amenities include picnic tables, running water, trash cans, shade trees and concrete pipe culverts and ramps for dogs to play on.

The Savannas Recreation Area, a Fort Pierce dog park, is located at 1400 Midway Road, Fort Pierce, FL 34982

The City of Fort Pierce

Another Fort Pierce dog park is Maravilla Park. Maravilla Park is the City's one-acre dog park. Amenities at Maravilla Park in Fort Pierce include a pet comfort station with dog shower and dog drinking fountain, covered pavilion with picnic table, pet waste stations, separate large and small dog areas with ramps and tunnels, common area, informational kiosks, large oak trees for shade, and a double gated entry with concrete walkways.

Maravilla Park, a Fort Pierce dog park, is located at 2622 Oleander Avenue, Fort Pierce, FL 34982

City of Port St Lucie

A Port St Lucie dog park is Lyngate Park. Lyngate Park is nearly 3/4 of an acre and provides three fenced areas (large and small dogs) with shade pavilions, benches, drinking fountains for people and pets, dog agility structures, mulched paths with shade trees, and grassed open space. The third area is reserved for use while another area is in maintenance or recovery mode.

Lyngate Park, a Port St Lucie dog park, is located at 1301 SE Lyngate Drive, Port St Lucie, FL 34952

Another Port St Lucie dog park is McChesney Park and Dog Park. The McChesney dog park in Port St Lucie is a 3/4 acre park with three separate fenced-in areas, each for small, medium and large dogs. Dog waste stations are provided, ADA restrooms available. No lights for nighttime use. All dogs must have current licenses and vaccinations, and not be aggressive or in heat.

McChesney Park and Dog Park is located at 1585 SW Cashmere Blvd, Port St Lucie, FL 34986

Rules: Park rules require that pets be under control at all times, otherwise a leash is required. Owners must also clean up after their pets. See posted signs for any additional rules.

Dec. 31, 2019

Celebrate the New Year in the Treasure Coast

Happy New Year from Oceanside Realty Partners

Celebrate the New Year

in the Treasure Coast!

They're calling the new decade the New Roaring '20s! If you're looking for something to do tonight to celebrate this New Year's Eve, take a look below for a list. Click the link at the bottom for full details!

St Lucie County

- New Year's Eve Bash at Rhumcay Beach Resort and Island Grille starts at 8:30 PM

- 2020 New Year's Eve Bash at Rooster in the Garden starts at 9:00 PM

- Roaring '20s New Year's Eve Party at Kava Kat starts at 8:00 PM

- New Year's Eve at HopCat starts at 11:00 AM

- New Year's Eve Party at On The Edge Bar and Grill starts at 8:00 PM

- New Year's Eve "This is 2020" at Good Times Nightclub starts at 9:00 PM

- New Year's Eve at Crocadillos Bar and Grill starts at 7:00 PM

- New Year's Eve Fedora and Stiletto Party starts at 9:00 PM at Rizzo's Side Door

- The Cosmic New Year Super Jam at Tipsy Tiki starts at 7:00 PM

- The New Year's Eve Party at Shindig Irish Restaurant and Pub starts at 9:00 PM

- New Year's Eve at Vine & Barley starts at 9:00 PM

- The Big Ben Beatles New Year's Bash at Summer Crush starts at 4:00 PM


** Admission is required at some events **

Click here to view the full list, including Indian River County and Martin County

Posted in Community Updates
July 13, 2019

(When) Should I Buy a House?

Oceanside Realty Partners Blog

This question probably comes up quite frequently in households: are you currently renting, never having purchased before? Renting in the meantime and hoping to purchase again? How about a current homeowner, looking to up-size, and thinking of keeping your current home as an investment property?

There are so many scenarios, no situation is the same! Did you know you can purchase a home in the name of your IRA, use the property solely as an investment and put the rental income right back in?

Here are some benefits to home ownership:

  • Owning should be less expensive than renting
  • Make your house a home
  • Invest in yourself; no unpleasant landlords

Whatever your situation, give us a call! We would be happy to go over your options and point you in the right direction.

June 11, 2019

Open House!

1921 Lynx Dr Fort Pierce FL 34949

1921 Lynx Drive Fort Pierce, FL 34949 Offered at $437,500

3 beds | 3 baths | 2,013 sqft COURTYARD POOL home with lake view! Solar power throughout!

Located in Riverpointe at the Sands (Call for gate code)

OPEN Saturday, April 27th from 1 - 3 pm Hosted by Amanda Geller ** AND ** Sunday, April 28th from 2 - 4 pm Hosted by Barbara-Ann Graham

Amanda Geller 772-332-3298

Barbara-Ann Graham 772-985-6010

Posted in Open Houses
May 22, 2019

Welcome to Harbour Isle of Hutchinson Island, Florida!

Oceanside Realty Partners Harbour Isle

Where 23 miles of unspoiled and uncrowded beaches meet the Intracoastal waterway at the Fort Pierce Inlet; the best value on South Hutchinson Island!

Enjoy just under 2000 square feet of living space, 10-foot ceilings, 8-foot doors, modern cabinetry, and appointments throughout. All buildings are poured concrete top to bottom with impact windows!

Stunning views of Historic Downtown Fort Pierce, the Harbour Isle Marina, wide water Intracoastal and the inlet!

Amenities galore: Two clubhouses, state of the art fitness rooms, heated pools and Jacuzzi's, dog park, walking paths and detached garages available. Boater's delight in mooring their boats at the Harbour Isle Marina, protected from open water and privately operated!

This is a pet-friendly community, large dogs welcome! Affordable waterfront living with very inclusive and equally affordable association fees! Enjoy world renowned fishing and boating, shopping, shows, locally owned restaurants are a foodie's delight! Art galleries, green market, community events weekly from outdoor movie night to food truck fun!

Call us today for more information! We don't just specialize in Harbour Isle, we live the Hutchinson Island and Fort Pierce lifestyle!

April 19, 2019

5 Low-Cost Projects to Increase Home Value

Oceanside Realty Partners Blog

If you're thinking of selling your home in the next few months or so, consider the appearance of your home from the buyer's perspective. Buyers want shiny and new, so if your home lacks certain updates, take a little time to spruce things up to ensure the "wow" factor!

1. Replace old fixtures and hardware This goes for the kitchen and bathrooms - simple changes, like updated hardware, really take away from the dated look of cabinets themselves. If you're particularly crafty, check out the next one.

2. Paint cabinets and replace backsplashes Again in the kitchen and bath, take a weekend and paint your cabinets! Do a little research on cabinetry painting first - the previous owner of my home did this incorrectly and my white cabinets peel when you look at them the wrong way, to reveal the dark brown wood beneath. What wonders a new backsplash will do in a kitchen or bathroom.

3. Add crown molding Living areas are a good place to start. Generally, ceiling heights are the same throughout the home, and crown molding draws the eyes up to create an illusion of height.

4. Remove extra-old features such as wallpaper, wood paneling, and popcorn ceilings. If anything, a coat of white paint would help wood paneling, depending on the style. There seems to be a trend with shiplap and it may add to the charm of your home!

5. Finally, the easiest fix is curb appeal. Add some small plants and mulch to your landscaping.

Posted in FAQs, Home Selling
March 15, 2019

What is a Humidistat?

Oceanside Realty Partners Blog

The Treasure Coast has become an increasingly popular seasonal destination for many reasons. Many homes and condos around here are only used seasonally - most have been equipped with humidistats. This is the secondary box usually located next to the thermostat. Most homeowners leave specific setting instructions posted next to these controls to be sure they are set properly to ensure the home maintains safe temperature and humidity levels.

While you're away for an extended period, it's standard to set the thermostat at 80 degrees. However, the thermostat does not read humidity levels. Mold and mildew generally do not grow below 65-70% humidity, so setting a humidistat to 60% will override the thermostat and activate the A/C to remove excess moisture from the air. Setting the humidistat to "on" while the home is occupied will not override the thermostat and keep the A/C running as it is set to.

For further A/C related questions, feel free to contact a licensed/insured professional - we have those resources as well! If you have a seasonal home in the area, we would be happy to check on your home while you're away.

Posted in FAQs, Island Life
Feb. 20, 2019

Grand Isle of North Hutchinson Island

Oceanside Realty Partners Blog

Watch the sunrise from your balcony and sunsets across the Indian River.

Exquisite features throughout each unit. One of the newest buildings on the island [2005] * 2000+ sqft, 3+ bedrooms, 3+ bathrooms

* end units feature wraparound balconies

* underground and separate garages available