"All reformers, however strict their social conscience,

live in houses just as big as they can pay for"  Logan Piersall Smith

I was thinking the other day while writing that most people would think that I blog as a realtor not realizing other people’s positions.


The truth of the matter is that most days we give advice to people about short selling their properties and or facing foreclosure. We purchased our condo in Windward East at the peak of the market and then gutted it from the drywall. We then replaced everything new including walls, floors, plumbing, paint and appliances. If we had the unit appraised today I am sure it would appraise at $100,000 less than what we have in it. Pragmatically speaking we should be considering a short sale or even foreclosure. The Brevard county Real Estate market will be one of the last in Florida to come back because of the job loss of KSC and because we grew property values at one of the highest rates in the state. For one of the 1st times in recent years direct ocean condos have fallen to below $200 a sq ft.

The fact of the matter is we love Cocoa Beach and we love where we live so we are going to ride it out and take our lumps.

Windrush

Talk about a dichotomy!

A 2 bedroom 2 bath unit with a side view north has been reduced to $227,000. This unit is on the 2nd floor with a 1 car garage.

A 2 bedroom 2 bath unit in the front building, no view on the 2nd floor with stairs and no garage listed at $209,000.

Hang in there and a change will do you good.

Jim Bagwell