This was the leadoff on the evening news last night. The great Florida satirical writer Carl Hiaasen came up with “Naked came the Manatee” but I don’t think he could come up with anything better than the truth. We have had hanging chads, politicians doing the foot tap in the bathroom stalls and the hits just keep coming on a daily basis. If you remember the movie The Burbs when the stoner kid says “God I love this neighborhood” well I feel the same way about Florida, beautiful weather and always entertaining.
A few new home listings this week.
A new home listed in Merritt Island on a canal with a price of $175,000. This is a 3 bedroom 2 bath with 1960 sq ft. The location puts it at an intersection of canals which makes for good views. Good price for a canal home.
Cocoa Beach
A canal home in Cocoa Beach with 3 bedrooms 2 baths and 2216 sq ft. Nice size home for most people and I would hope they would look at offers. I would suspect it will sell for a little less than listing price.
The home we have talked about before that was on the auction block didn't sell at the auction, most likely minimum price was not reached. It is now back on the market, bank owned and listed at $373,900, it does feature 6 bedrooms 4 baths, 3489 sq ft and sits on the end of a canal. If you go back to 2007 this home was listed at over $1,000,000.
Good buying to all.
Jim Bagwell
Thursday, April 28, 2011
Monday, April 18, 2011
"MONEY"
"Keep your hands off my stack" Tax day, I hope you didn't get hurt that bad!
A lot of agents write every offer on an as-is contract with right to inspect, knowing that the buyers are not going to accept the property as-is. They feel it makes the offer appear stronger. There is nothing illegal or unethethical with this practice however it may sometimes put the seller on the defensive when after inspections the buyer asks for a new A/C. After viewing the property, you can usually tell if it is going to need some repairs. In this scenario it may be better to present the offer on a regular contract and negotiate from the beginning what the seller may be willing to put out on repairs. There are some required repairs if the buyer is going FHA or VA. Just a hint to keep in mind.
Two new waterfront listings in our areas.
A home on the canal of Waterway Manor in Merritt Island has been listed at a very relistic price of $215,000. This home has 3 bedrooms 2 baths and 1700 sq ft. Features a small boat lift for a 16' boat which is ideal for redfish and trout in the rivers and canals. Priced right!
For the person with a little adventure to seek out in life. A new listing in Cape Canaveral on the ocean which has been licensed for weekly rentals has hit the market. This is a 2 story home with garage and 3 bedrooms 2 baths. The beach is literally your backyard with tiki bar. Continue to rent or make it your home. Listed at $1,100,000 which may be a little high in todays market.
Jim Bagwell
A lot of agents write every offer on an as-is contract with right to inspect, knowing that the buyers are not going to accept the property as-is. They feel it makes the offer appear stronger. There is nothing illegal or unethethical with this practice however it may sometimes put the seller on the defensive when after inspections the buyer asks for a new A/C. After viewing the property, you can usually tell if it is going to need some repairs. In this scenario it may be better to present the offer on a regular contract and negotiate from the beginning what the seller may be willing to put out on repairs. There are some required repairs if the buyer is going FHA or VA. Just a hint to keep in mind.
Two new waterfront listings in our areas.
A home on the canal of Waterway Manor in Merritt Island has been listed at a very relistic price of $215,000. This home has 3 bedrooms 2 baths and 1700 sq ft. Features a small boat lift for a 16' boat which is ideal for redfish and trout in the rivers and canals. Priced right!
For the person with a little adventure to seek out in life. A new listing in Cape Canaveral on the ocean which has been licensed for weekly rentals has hit the market. This is a 2 story home with garage and 3 bedrooms 2 baths. The beach is literally your backyard with tiki bar. Continue to rent or make it your home. Listed at $1,100,000 which may be a little high in todays market.
Jim Bagwell
Friday, April 15, 2011
"Bring it strong or don't bring it at all"
ESPN rejecting a shot!
Recently I was preparing comps for one of my listings and as to no surprise due to days on the market, we are overpriced. Price is still one of the most important factors if not the most important factor for selling in todays market. All we can do as a Real Estate agent is to show the seller the current comps that have sold. If serious then the seller should price their property at a very competitive price. We used to have the advantage of letting the market catch up with the price, unfortunately in todays market, the market will put us out of the price range entirely.
The 3 comps I found are non-waterfront homes in Cocoa Beach. These homes are priced $165,000, $169,000 and $198,900. 2 of these are short sales and one has a pool. They all have at least 3 bedrooms 2 baths and the higher priced home has 3 baths. All this means is at the present time you can buy on the beachside for the same as the mainland if you don't have to be on the water. One thing about Cocoa Beach is you are never far from the water.
Jim Bagwell
Recently I was preparing comps for one of my listings and as to no surprise due to days on the market, we are overpriced. Price is still one of the most important factors if not the most important factor for selling in todays market. All we can do as a Real Estate agent is to show the seller the current comps that have sold. If serious then the seller should price their property at a very competitive price. We used to have the advantage of letting the market catch up with the price, unfortunately in todays market, the market will put us out of the price range entirely.
The 3 comps I found are non-waterfront homes in Cocoa Beach. These homes are priced $165,000, $169,000 and $198,900. 2 of these are short sales and one has a pool. They all have at least 3 bedrooms 2 baths and the higher priced home has 3 baths. All this means is at the present time you can buy on the beachside for the same as the mainland if you don't have to be on the water. One thing about Cocoa Beach is you are never far from the water.
Jim Bagwell
Saturday, April 2, 2011
"It is very easy to give advice"
"However it gets difficult to take advice" anonymous
If you are getting prepared to buy a home or if you are already under contract, then please keep in mind that the PMI rate (private mortgage insurance) will be going up significantly. FHA & VA mortgage PMI rates are going up by .25 %. Make sure your lender pulls your case number by 4/18/11 and your rate will remain the same. The good news is this will replenish the funds and these mortgage tools will stay available which are invaluable tools to the 1st time buyers and buyers who prefer a low down payment.
Cocoa Beach
There is a listing on one of my favorite streets with a very nice view of the thousand islands and fantastic sunsets. This home features 3 bedrooms 3 baths and 2 car garage with a pool and boat dock. Home has 3926 sq ft and priced at $599,900. This would be a wonderful place to call home.
Merritt Island
Canal homes on Merritt Island have reached the point of price that they are very affordable for many more people. The middle $300,000s' not very long ago was the norm for these homes regardless of condition.
A new listing with pool, boat dock and 2285 sq ft has hit the market for $269,000. The home features 3 bedrooms and 2 baths with a large office. The boat ride to the ocean is not that long from the location.
It may be time to look at homes that you have thought about for a long time.
Jim Bagwell
If you are getting prepared to buy a home or if you are already under contract, then please keep in mind that the PMI rate (private mortgage insurance) will be going up significantly. FHA & VA mortgage PMI rates are going up by .25 %. Make sure your lender pulls your case number by 4/18/11 and your rate will remain the same. The good news is this will replenish the funds and these mortgage tools will stay available which are invaluable tools to the 1st time buyers and buyers who prefer a low down payment.
Cocoa Beach
There is a listing on one of my favorite streets with a very nice view of the thousand islands and fantastic sunsets. This home features 3 bedrooms 3 baths and 2 car garage with a pool and boat dock. Home has 3926 sq ft and priced at $599,900. This would be a wonderful place to call home.
Merritt Island
Canal homes on Merritt Island have reached the point of price that they are very affordable for many more people. The middle $300,000s' not very long ago was the norm for these homes regardless of condition.
A new listing with pool, boat dock and 2285 sq ft has hit the market for $269,000. The home features 3 bedrooms and 2 baths with a large office. The boat ride to the ocean is not that long from the location.
It may be time to look at homes that you have thought about for a long time.
Jim Bagwell
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