June 9, 2014

The ground that the US real estate industry is planted upon has begun to shift. The tremors we've been experiencing in the online world of real estate seem to predict a major event sooner rather than later.

Just a few years ago, Realtor.com was the number one website...

June 6, 2014

 

2004, the national pastime and number one topic of discussion was the red-hot real estate market. Average Americans were buying investment properties worth ten times their annual income with no money down and no intention of renting them. The average Cocoa Beach resid...

June 2, 2014

Thanks to Jon for suggesting a post about condo fees. Contrary to popular opinion, condo fees are not a bad thing. They are not even unfair. Regularly collected fees from multiple owners of common property insure that adequate funds for common expenses are available wh...

May 27, 2014

 

 This is an excerpt from a post last year. It is still relevant enough that it bears repeating. With the continuing dearth of inventory, multiple offers are commonplace and buyers need to expect that possibility and respond in the manner that is most effective for the...

May 20, 2014

I promised a followup on the Short Sale Negotiators on Acid story. It's almost as crazy as the original story.

The first short sale failed because a greedy first right owner stepped in and screwed up the process after the bank had agreed to $36,000. This was after a 1...

May 8, 2014

April 2014 was another busy month for real estate in our beach communities. There were 50 closed MLS-listed condos and townhomes in Cocoa Beach and Cape Canaveral in the month. Over 60% of all sales closed for cash. Activity was particularly heavy in the lower price ra...

May 2, 2014

I'll make this short. Buyers hoping to purchase a condo in Florida shouldn't even consider using a lender if the loan officer handling their loan is not in Florida. The loan on a Florida condo is as much about the condominium association's worthiness (as defined by the...

April 20, 2014

Florida law does not require that sellers of property provide a property disclosure to a buyer. However, they must disclose material issues that are known to them. To wit; In Johnson vs. Davis, the Florida Supreme Court held that “where the seller of a home knows of fa...

January 31, 2014

What is my property worth? In most cases, not as much as you are thinking or hoping. One of our agents shared a story with me yesterday that reminded me that property owners don't always err on the high side.

A Cocoa Beach homeowner told her that she had recently trie...

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