BENJI HOME
Project

Relocate.

Selling and buying on the Space Coast — run as one coordinated transaction, not two. Same-day contingent closings, single move, no double mortgage.

Market Brevard County, FL Structure Simultaneous / contingent Target runway ~14 weeks Updated Aug 12, 2026

Situation

The Brevard market right now favors this move.

Median sold
$358K
−0.7% YoY · countywide
SF months' supply
3.7
−19.6% YoY · seller-leaning
Days on market
62
Median · plan for 60–75
30-yr fixed
6.69%
Freddie Mac, Aug 6 2026
SubmarketMedian$/sq ftRead
Melbourne Beach$658,000Barrier island, heavy cash share, thin comps
Indialantic$603,000Affluent oceanside / riverfront
Merritt Island$499,000$253KSC proximity, waterfront premium
Cocoa Beach$475,000$350Condo-heavy — SB 4-D assessment risk
Satellite Beach$450–575KTop schools, tight family inventory
Viera$439,000$239New construction competes with resale
Melbourne$399,900$231Widest price band in the county
Rockledge / Suntree$365,000$217Established, steady absorption
Palm Bay$349,000$195Highest volume, most price-sensitive

The asymmetry that makes this work. Single-family supply is down ~20% YoY at 3.7 months — you sell into scarcity. But median price is flat-to-negative and sale-to-list is 97–98%, meaning buyers still negotiate — you buy with leverage. That's an unusually friendly combination for a simultaneous move.

The one soft spot: condos fell ~8.5% in Q1 2026 on milestone-inspection and reserve-funding pressure. If either side of this move is a condo, the math and the diligence change materially.

Strategy

Sell first on paper, close both the same day.

How the structure actually works

You go under contract on your home before you write on the replacement — then use that signed contract, not a contingency, as your strength. A seller will accept a "sale of buyer's property" contingency far more readily when your property is already under contract with inspection period expired.

  • Order of operations: list → accept → clear your buyer's inspection period → then write offers.
  • Contract: FR/BAR-ASIS with Comprehensive Rider Q (sale of buyer's property) on the purchase side.
  • Closing day: sale funds in the morning, purchase funds in the afternoon, same title company both sides.
  • One title company for both is the single highest-leverage decision here — it collapses the wire timing risk.

What has to be true

Your buyer is financed and clean
Cash or conventional ≥20% down. Decline FHA/VA if you can — appraisal and repair risk cascades into your purchase.
Both closings at one title company
Same escrow officer, same day, sale scheduled first. Non-negotiable.
A funded fallback exists before you list
HELOC, bridge, or 60-day leaseback — established in advance, not scrambled for.
Rate lock covers the whole runway
60-day minimum, 75–90 preferred. Confirm extension cost up front.

Timeline

Fourteen weeks, two tracks, one closing day.

Weeks −4 → 0

Prep — everything you can't do later

The quiet phase. Every item here becomes impossible or expensive once the sign goes in the yard.

Sell
  • Pre-listing inspection + wind mitigation report
  • Punch list: roof, soffits, GFCI, grout, paint
  • Declutter, depersonalize, pre-pack 30%
  • Two CMAs from separate brokerages
Buy
  • Open the HELOC now — impossible once listed
  • Full underwritten pre-approval, not pre-qual
  • Define target: zip, schools, sq ft, ceiling price
  • Insurance quotes on 2–3 sample targets
Weeks 1 → 2

Launch

Photos Monday, live Thursday, first weekend is the whole ballgame. Meanwhile you're touring — not offering.

Sell
  • Photo/video/drone; list live Thu before a full weekend
  • Price at or 1% under the comp band — invite competition
  • Broker open + two public opens
  • Reprice trigger: <8 showings in 10 days
Buy
  • Tour aggressively; build a real shortlist of 5–8
  • Track DOM on each — 60+ days = negotiating room
  • Pull HOA/CDD docs on anything serious
  • Hold offers until your side is contracted
Weeks 3 → 5

Contract both sides

The hinge. Accept on your home, survive the buyer's inspection window, then convert your shortlist into an offer.

Sell
  • Review offers on strength, not just price
  • Require ≥$10K escrow; verify proof of funds
  • Negotiate your closing date to match the purchase
  • Buyer inspection period: 10 days max
Buy
  • Offer with Rider Q + copy of your executed contract
  • Short inspection window signals seriousness
  • Ask for same-day closing coordination in writing
  • Lock the rate the day the purchase is executed
Weeks 5 → 9

Dual diligence

Four inspections, two appraisals, two title searches, one insurance market that will decide whether any of it closes.

Sell
  • Respond to buyer repair requests within 48h
  • Appraisal — have comps ready for the appraiser
  • Order payoff letter from your lender
  • Deliver survey, permits, HOA estoppel
Buy
  • Inspection + WDO + 4-point + wind mit + roof age
  • Bind insurance early — FL carriers are the long pole
  • Survey ordered week 6, not week 10
  • If condo: milestone inspection + SIRS + reserves
Weeks 9 → 12

Clear to close

Underwriting silence is normal; unreturned document requests are not. Nothing new on credit, nothing moved between accounts.

Sell
  • Confirm buyer's clear-to-close in writing
  • Schedule movers for the day before closing
  • Utilities: transfer, don't cancel
  • Final walkthrough scheduled
Buy
  • Closing Disclosure ≥3 business days prior
  • Reconcile CD against your Loan Estimate line by line
  • Wire instructions verified by phone, always
  • Walkthrough morning of closing
Weeks 12 → 14

Close, move, file

Sale funds AM, purchase funds PM, keys same afternoon. Then the paperwork that saves you real money for a decade.

Sell
  • Sign first; proceeds wired to title, not to you
  • Cancel homeowners policy after recording
  • Keep the closing statement — cost basis records
Buy
  • Fund and record same day
  • File DR-501 + DR-501T before March 1
  • Rekey, alarm, mail forward, USPS/DMV/insurance

Sell Side

Getting your house sold at the top of its band.

Sell checklist

0 of 0
Before the sign goes up
Pricing & listing
Under contract

Buy Side

Buying with leverage while your own sale is pending.

Buy checklist

0 of 0
Financing — do this first
Search & offer
Due diligence
Closing

Candidates

Score them the same way every time.

After the fourth showing they blur together and you start deciding on the kitchen. Score each property 1–5 the day you see it. Weights are yours to change — total updates automatically and the list ranks itself.

Address / link Price Water
×3
Condition
×3
Location
×2
Layout
×2
Insurability
×2
Lot
×1
Score

Insurability is weighted as heavily as location on purpose. In Brevard it decides whether a deal closes at all — and unlike a dated kitchen, you cannot renovate your way out of it.

Discovery

What you demand, what you verify yourself, and what should end a deal.

Due diligence in Florida is not a home inspection. It's four parallel investigations — physical, insurance, legal/title, and financial-obligation — and only one of them involves an inspector.

① Documents to demand from the seller

DocumentTiming
Seller's Property Disclosure
Read the "unknown" boxes — they're the tell
With contract
Permit history
Verify against county records; unpermitted work becomes your liability
Day 1–5
Roof age + any warrantyDay 1–5
4-point & wind mitigation reportsDay 1–7
Prior insurance claims history (CLUE)
Two claims in five years can make a house uninsurable regardless of condition
Day 1–7
Elevation certificate + flood zoneDay 1–7
HOA docs, budget, rules, litigation disclosureDay 3–10
HOA estoppel letter10–15 daysOrder Day 3
CDD assessment schedule & payoff
Viera, Suntree, newer builds — often invisible in the listing
Day 3–10
Survey (existing) + any encroachment historyDay 3–10
Condo only: milestone inspection, SIRS, reserves, 12 mo. minutesSB 4-DDay 1–10
Utility bills, 12 months
A $600 summer electric bill tells you about the envelope and the HVAC
Day 3–10

② What you verify independently

Never take the seller's word on any of these. All are free or nearly free.

Brevard County Property Appraiser — bcpao.us
Assessed value, sales history, sq ft of record, exemptions, tax history
Brevard Building Department permits
Open or expired permits transfer to you. Enclosed patios and re-roofs are the usual offenders.
Brevard Clerk of Court
Liens, judgments, lis pendens, code enforcement, prior foreclosures
FEMA flood map + county flood viewer
Zone AE vs X swings carrying cost $3–6K/yr and affects resale
Tax Collector — brevardtaxcollector.com
Actual tax bill, not the seller's homestead-capped number. Yours will be higher.
Sex offender registry + call logs
Sellers are not required to disclose. Check yourself.
Drive it at 7am, 6pm, and 10pm on a weekend
Traffic, noise, flight paths, launch-viewing crowds, street parking
Neighboring vacant land zoning
That view is only permanent if the parcel is zoned so

③ Red flags, ranked by what they actually cost you

FindingExposureMove
Roof >15 yrs, or 3-tab shingle at any age$18–45KInsurability question, not cosmetic. Price it in or walk.
Two+ insurance claims in 5 yrs (CLUE)UninsurableNo policy, no loan. Verify before the inspection money is spent.
Condo w/ failed milestone or unfunded SIRS$25–80K+Special assessment risk. Demand reserve study before offering.
Polybutylene or cast-iron drain lines$12–30KCommon pre-1990 Brevard. Many carriers decline outright.
Unpermitted addition / enclosed lanai$5–40KSq ft may not appraise. Retro-permit before closing, at seller cost.
Sinkhole activity or prior remediation in the areaResale dragPull the county record. Remediated ≠ marketable.
HVAC >12 yrs, R-22 refrigerant$8–14KNegotiate a credit. Not a walk-away.
Seawall / dock condition (waterfront)$40–150KSeparate marine inspection. Never covered by a home inspector.
Active code enforcement caseVariesMust be resolved and closed before closing, in writing.
Chinese drywall (2001–2009 builds)Gut jobRare but present in FL. Corroded copper coils are the tell.

The tax trap almost everyone walks into. The seller's property tax bill reflects their Save Our Homes cap, sometimes built up over 15 years. On January 1 following your purchase, the assessment resets to market value. Your bill can be double what the listing shows — before portability offsets it. Always model taxes at ~1.05–1.30% of purchase price, never at the seller's current bill.

Appraisal

Two appraisals, two opposite jobs, one week apart.

With median price flat-to-negative YoY, appraisal risk is live on both sides. On your sale you're defending a number. On your purchase you're hoping it lands short.

Defending your sale price

You get roughly four minutes with the appraiser at the door. Use them. This is entirely legal — you may provide data, you just can't pressure a conclusion.

  • Hand over a comps packet — 3–5 closed sales within 6 months, ½ mile, similar sq ft, with your rationale for each.
  • List every improvement with dates and costs. Roof, HVAC, impact windows, kitchen, flooring. Appraisers can't credit what they can't see.
  • Flag the comps that shouldn't count — the distressed sale, the estate sale, the one with the failed septic.
  • Note upgrades invisible from inside — re-pipe, electrical panel, hurricane straps, irrigation well.
  • Be present but brief. Greet, hand the packet, step back. Hovering reads as pressure.

If it comes in low: request a Reconsideration of Value within 5 days with two better comps and a written factual error. Roughly one in ten succeeds — but it's cheap to try, and the alternative is a price cut.

Handling a low appraisal on your purchase

A low appraisal is leverage — but it's leverage that costs time, and time is the one thing a simultaneous close can't spare. Decide the rule before the number arrives.

ShortfallPlay
<$10KCover it in cash. Don't renegotiate — you'd risk the timeline over a rounding error.
$10–25KAsk for a split. Most sellers take half rather than restart at 62 days on market.
$25–50KPush for full reduction. Their next buyer's appraiser will likely land in the same place.
>$50KWalk, or demand full reduction plus a re-inspection. Something is wrong with the property or the price.

Write the gap clause with a cap. "Buyer will cover an appraisal shortfall up to $X" makes your offer far stronger than a bare financing contingency, without writing a blank check. Set X at what you can actually wire — remember it comes out of the same proceeds funding your down payment.

Appraisal gap — what a shortfall actually costs you

Enter a shortfall to see how it hits your cash and your loan.

Shortfall
Max loan now (LTV-capped)
Cash you must add
New effective down payment
Total cash at closing

Dates

Every FR/BAR deadline, counted correctly.

Florida counts calendar days from the Effective Date — day zero is the day the last party signs and delivers. Any deadline landing on a Saturday, Sunday, or federal holiday rolls to 11:59 PM the next business day. Time is of the essence: miss a date and you can lose your deposit or your remedy.

FR/BAR defaults are 15 days inspection and 30 days loan approval. A shorter inspection window strengthens your offer; a longer loan period protects you. Negotiate both deliberately.

MilestoneDeadline

Two dates that aren't in the contract but should be in your calendar. Order the HOA estoppel by day 3 — it takes 10–15 days and holds up closing more often than anything else. Bind insurance by day 20, not day 40; a carrier declination discovered in week 6 leaves no time to solve it.

Money

What comes out, what goes in, what's left.

Every field is editable. Florida statutory costs — deed doc stamps (0.70%), note doc stamps (0.35%), intangible tax (0.20%), and the promulgated title premium — are calculated automatically, not estimated.

① Sale — net proceeds

In Brevard, the seller customarily pays the owner's title policy.

Commission
Deed doc stamps 0.70%
Owner's title policy promulgated
Credits, proration & other
Mortgage payoff
Net proceeds to you
Effective cost of selling

② Purchase — cash required

Buyer pays note stamps, intangible tax, and lender's title in Brevard.

Down payment
Loan amount
Note doc stamps 0.35%
Intangible tax 0.20%
Lender's title, recording & fees
Prepaids, diligence & moving
Total cash to close
New monthly P&I
Proceeds available
Cash required
Gap

Mortgage Check

The loan decision is worth more than the price negotiation.

Rates are near a one-year high — 6.69% as of Aug 6, up from 6.66% the week prior. A quarter point on a $560K loan is roughly $90/month, $32,000 over the life of the loan. Worth more attention than haggling $5K off the price.

Rate scenarios & true carrying cost

Full PITI, not just principal and interest — the number that actually clears your account. Florida taxes and insurance are the difference between an affordable house and a strained one.

RateP&IFull PITIvs. today

Highlighted row is today's market rate. Escrowed taxes and insurance are added at 1/12 of annual.

Total monthly at today's rate

Worth asking about: dentist / physician loan programs

Several lenders extend physician mortgage programs to DDS and DMD holders, and a number of them write in Florida — Fifth Third, Regions, TD Bank, Truist, First National, Flagstar, BMO, Wintrust, S&T. The terms are unusual:

Down payment0% to ~$1–1.25M · 5% to ~$1.5M · 10% to ~$2M
PMIWaived across the board, even at 100% LTV
Loan ceilings$1M–$3.5M depending on lender
Student debt in DTIModified or excluded entirely
Credit minimum680–720

Two gates to check first. Most programs cap eligibility at 10 years post-training — if you're beyond that, ask specifically whether the lender waives it for established practitioners, because some do. And as a practice owner you're self-employed for underwriting purposes, which means two years of returns, K-1s, and a current P&L rather than an employment contract. Start that document pull in week −4, not week 6.

Lock strategy & the questions to ask

Rates are at a one-year high and drifting up. In this environment you lock early and long; you do not float hoping for relief.

  • Lock 75–90 days, the day your purchase contract is executed. A 14-week runway will not fit inside a 60-day lock.
  • Get the extension fee in writing on day one — typically 0.125–0.25 points per 15 days. Know it before you need it.
  • Ask for a float-down — many lenders include one free re-lock if rates drop 0.25%+. It costs nothing to request.
  • Compare three lenders on the same day, using Loan Estimates. Rate alone is meaningless without the fee sheet.
  • Don't buy points unless you're certain you'll hold past the breakeven — typically 5–7 years.
Ask every lender, verbatim
  • "What's your longest lock and what does an extension cost?"
  • "Do you offer a DDS/DMD program, and what's the post-training window?"
  • "How do you underwrite practice-owner income — how many years, and do you add back depreciation?"
  • "Can you close a purchase the same day as my sale funds, at the same title company?"
  • "What's your average close time right now, honestly?"

Risk & Fallbacks

The four ways this breaks, and the answer to each.

Your buyer's financing diesHigh impact

Week 8, underwriting denies. Your purchase closing is in 3 weeks.
Answer: the HELOC opened in week −4 funds the down payment; you close the purchase, carry two properties briefly, and relist. Screen for this up front — verify the lender letter by phone and prefer conventional over FHA/VA.

Your purchase falls through after your sale closesHigh impact

You've sold. You have nowhere to go.
Answer: the post-closing occupancy agreement negotiated into your sale contract — up to 60 days at a nominal daily rate. Negotiate it when you accept the offer, when you have leverage. Not later, when you don't.

Appraisal comes in low on either sideModerate

Median price is flat-to-slightly-down YoY, so this is live.
Answer: on the sale, hand the appraiser a comps packet at the door. On the purchase, keep an appraisal gap clause with a defined cap — cover the shortfall in cash rather than renegotiating and losing the timeline.

Insurance can't be bound on the targetModerate — FL specific

Roof age, prior claims, or a carrier pulling out of the market kills the loan late.
Answer: quote insurance before you offer, not during diligence. Any roof over 15 years is a financing question, not a cosmetic one. Have Citizens as a named backstop.

Timing slips and the rate lock expiresModerate

Rates are near a one-year high; a re-lock at market could cost real money.
Answer: lock 75–90 days, know the extension fee in writing on day one, and hold the closing dates in both contracts.

Tax & Filings

The paperwork that pays you back for a decade.

Save Our Homes portability

The accumulated gap between your assessed and market value moves with you — up to $500,000 of benefit. On an upsize, you transfer the full amount. On a downsize, it prorates by the ratio of new market value to old.

Form DR-501T — portability transferWith DR-501
Form DR-501 — homestead exemptionNew county
Filing deadlineMarch 1
Window to establish new homestead3 tax years
Brevard property appraiserbcpao.us

Watch the calendar. You must be living in the new home by January 1 and file by March 1 to get the benefit that tax year. A December 15 closing captures it; a January 15 closing costs you a full year of the cap benefit.

Capital gains & records

§121 exclusion — married filing jointly$500,000
§121 exclusion — single$250,000
Ownership & use test2 of last 5 yrs
Florida state income taxNone

Gain is sale price minus selling costs minus adjusted basis — and basis includes every capital improvement you've made. Pull those receipts before closing; roof, HVAC, impact windows, and additions all raise basis and lower taxable gain.

Keep permanently: both closing statements, improvement receipts, and the final CD. Run the numbers past your CPA before closing, not at filing — this is information, not tax advice.

Team

Who's on this. Click any cell to edit.

RoleNameFirmPhoneNotes
Listing agent
Buyer's agent
Loan officer
HELOC lender
Title company
Real estate attorney
Insurance agent
Home inspector
CPA
Movers
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