"There are three kinds of men"

"The ones that learn by reading.  the few who learn by observation.  The rest of them have to pee on the electric fence and find out for themselves."  Will Rogers

To show you some of the frustrations that comes with short sales.  The picture above is of a home that we just closed after 3 years.  We went through 6 different buyers and many offers.  The bank finally got sick of losing money and gave us a counter that was realistic.  It was worth it in the end.

There were also 6 other short sales that closed last week including a riverfront condo with 2055 sq. ft. and sold for $203,000.

A couple of new short sales listings that perked up my interest are a home on Merritt Island on Two Oaks drive listed for $249,900.  This home has 2635 sq. ft., 5 bedrooms, 2 baths, 2 half baths, pool and a .35 acre lot.  Nice home on a nice street!

The other short sale is an oceanfront condo in Cocoa Beach.  The condo is on the 4^th floor with great views.  Unit has 2 bedrooms 2 baths and 1353 sq. ft. with amenities’ like garage, pool and clubhouse.  The condo fees are $428 monthly.

Thank you

Jim Bagwell  

"I was a child prodigy"

"because a child prodigy is a child who knows as much when it is a child as it does when it grows up."     Will Rogers

Picture is of a pool at a short sale home on Merritt Island
If you only look at the Cocoa Beach/Cape Canaveral area, there have been 94 homes sold in 2011.  Of these sales 17 were short sales or 18%, if you don't consider short sales as something that will be with us for a long time it may be time to reconsider.  It is a very powerful tool for buyers and sellers and beneficial to both.

There are 2 new listings on Merritt Island that caught my eye.  Both homes are 4 bedroom 2 bath pool homes.

The first is in Villa De Palmas and features 1811 sq. ft. and 2 car garage.  The price is $139,000 or $77 per sq ft.

The second is off N. Banana River dr.  and has 1436 sq. ft.  It would be possible to remove one wall and have a big master.  The price is $119,000 or $83 per sq ft.

Both are very good buys!

Jim Bagwell