Cocoa Beach Florida Real Estate Newsletter

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EVERYONE IS USING THE "F" WORD!

Everyday now more and more people our using the "F" word thinking it is the only way to get a real property deal. I'm talking about "Foreclosures".

Many buyers contact us and only want a current list of all foreclosed properties here in Brevard County Florida. I usually then ask why only foreclosed properties?

They reply that is the only way of getting a great deal in today's real estate market. Their mentality is if it says "Foreclosure" it is a good deal. Yes, there are great deals out there but there are also deals just as good from original owners.

The bank has lost a lot of time and money having to go through the foreclosure process. There a many fees such as court costs and attorney fees, not to mention the money and time the lender has lost with the owner not making payments.

So once the bank becomes the new owner the property is then listed on MLS. Most banks do price their properties under market value in hopes of a quick sale. Sometimes there is even a bidding war between buyers. There are some bank properties that are sitting because they are asking too much.

On the flip side a knowledgeable buyer's agent can locate great property deals that are not foreclosures. Here's a look at recent one:

921 Spanish Cay in Merritt Island. This house was listed for $319,900 and sold for $337,000. Property had 8 offers, 3 of them being my buyers.

So as you can see there have been many great property deals out there and there are more to be had. It is very important to have an experienced team on your side such as RE/MAX Elite's McCoy-Freeman Group. Just let us know your property criteria and let us show you how to accomplish you real estate goals.

BANK-OWNED & SHORT SALES

Currently there are 252 Bank-Owned and 1,225 Short Sales currently listed in Brevard County.

So far this year, 1,610 Bank-Owned and 1,052 Short Sales have already closed. Currently there are 261 Bank-Owned and 1,154 Short Sale offers waiting to close.

OUR NEW VIDEOS

DID YOU KNOW? Watch some interesting facts then ask who would you want representing you in your real estate purchase or sale?
Watch Video

National Real Estate numbers are up ...again WESH Channel 2 reports.
Watch Here

Searching for a good Realtor? We chased and spoke to the best one in Brevard County.

Click here

Looking for some foreclosed ocean front condos in a gated community with lots of amenities?

Watch Our Video

FLORIDA EXISTING HOME & CONDO SALES UP

Florida's existing home sales rose in July - the 11th month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Statewide existing home sales in July also rose over the previous month's sales level.

Existing home sales rose 37 percent last month with a total of 15,882 homes sold statewide compared to 11,595 homes sold in July 2008, according to FAR. Statewide existing home sales in July increased 0.2 percent over June's statewide activity. Florida Realtors also reported a 48 percent rise in statewide sales of existing condos in July.

Eighteen of Florida's metropolitan statistical areas (MSAs) reported increased existing home sales in July; the same number of MSAs also showed gains in condo sales. A majority of the state's MSAs have reported increased sales for more than a year (13 consecutive months).

To gain insight into current trends in Florida's real estate industry, the University of Florida's Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives, market research economists, real estate scholars and other experts. According to the recent second quarter 2009 survey, investor confidence in the outlook for business and availability of money are reasons for cautious optimism.

"I think we're on the road to recovery and even though most markets report they've seen the bottom, it's going to be a long climb," said Timothy Becker, the center's director. He noted that the investment outlook for single-family development increased to its highest level since the survey began, with more respondents than ever believing it is a good time to buy.

Read more here

ENJOY OUR VIDEOS ON YOUTUBE

Watch our videos on YouTube .....You Tube Link

FED SURVEY SHOWS U.S. RECESSION

MAY BE OVER

The recession is ending and the U.S. economy is finally growing again.

That's the message implicit in the Federal Reserve's latest survey of businesses around the country, which found economic activity stabilizing or improving in most regions.

Economists warn the expansion is fragile and will have staying power only if consumers start spending more money. Rising unemployment that keeps Americans cautious could make for a plodding recovery in the months ahead.

The Labor Department will report on Thursday the number of new jobless claims filed last week, which could indicate whether the incipient recovery is slowing the pace of layoffs.

Wall Street economists expect.... Click here for more

DOCS, LAWYERS SURF FEST BENEFITS BOYS & GIRLS CLUB

Doctors Lawyers Weekend Warriors Surf Festival Has Raised over $250,000 For Local Charities

BREVARD COUNTY, FLORIDA - The 2009 Doctors Lawyers Weekend Warriors Surf Festival will be held at Sebastian Inlet on Friday and Saturday, Sept. 18-19. The annual festival benefits children's charities in Brevard County, with this year's prime beneficiary being the Boys and Girls Clubs of Brevard.

Read more here

(Above photo) SURFIN' BUDS: (left to right) Jack Kirschenbaum, Bob Freeman, Harry Greenfield and Dr. Don Stewart. This photo was taken in March 2007 during the DoctorsLawyersWeekendWarriors surf festival held at the Cocoa Beach Pier. Photo Courtesy of Dan Mahoney

BEST SEAFOOD IN FLORIDA

Grills Seafood was on the Regis & Kelly Show recently.Learn about Joe's awesome mahi mahi sandwich! Then visit Grills Seafood in Cape Canaveral and enjoy some great food. We go there all the time!
Watch the video here

INCREASE YOUR WEB SITE TRAFFIC

Bulbwired.com has a knack for helping small and medium size businesses get on the Internet as well as prosper with it.

The integration of Social Media should be a part of any business marketing efforts.

Click here for details on this cutting edge service that is a new must for a competitive online presence.

HAPPY FOR NO REASON

Be happy to give of yourself, and you'll be happy. Be happy to make the effort, and you'll be happy.

Be happy about working through the challenges, and you'll be happy.

Be happy for the opportunity to transform problems into achievements, and you'll be happy. Happiness does not come when you try to obtain it. Happiness is a quality that you can choose to add to any experience.

Happiness does not come from arranging your circumstances in a certain way. Rather, happiness is a very powerful, effective and delightful way to relate to any set of circumstances.

Be happy to be living this moment. And not only will you be happy, you'll also be creative and effective and purposefully focused. Choose to add your very own happiness to the ups and downs and ins and outs of life.

Be happy for no reason and for every reason, and experience life at its best. -- Ralph Marston

In This Issue

FORECLOSURES

BANK-OWNED & SHORT SALES

NEW VIDEOS

SALES UP

DEALS ON YOUTUBE

RECESSION...MAY BE OVER

Quick Links

Our Web Site
About Us

Beach Camera

LOOKING FOR POSITIVE MONTHLY CASH FLOW?

We have many properties, some not on MLS. I have a 1/1 beachside $25,000 - Monthly rental rate is $500 - $550

*CASH INVESTORS*

Now is the time to buy in Central Florida! There are more foreclosure properties now than ever. Many of the properties that we provide can be purchased for as low as 50% below market value.

This opportunity is for everyone whether you want to invest for a future profit, build a portfolio of income properties with a positive cash flow or have a second home in paradise.

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Posted - 9 hours ago

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