"He stabbed the moment in the back"

"with the round thumbtack"
"that held up the list of things he gotta do" Jack Johnson his lyrics sound a lot like Dylan or Simon.

Picture is of a Mystic Vista that our buyer picked up for $190,000, the unit has over 2000 sq ft with 3 bedrooms 2 baths and is now for rent at $1900 a month.

FYI, lenders are asking for more information about condo associations than ever before. It is very important that associations are proactive in gathering this information prior to the request. The lenders will ask for such things as number of units, how many owners are full time or investors, amount of reserves, insurance certificate, number of foreclosures, number of short sales, number of delinquent owner fees and assessments upcoming. We came very close to losing a deal because a professional management company couldn’t quite come up with this information and the buyer was going to lose his mortgage rate lock. It is a tremendous advantage to owners that units in their complex can be sold with a mortgage; there are many complexes that now can’t be financed which is a hit on property values.

The Diplomat

The only thing new in our complexes is the foreclosure in The Diplomat is under contract, list price was $96,500. This is the easiest complex to comp now as there have been 4 sales this year with an average sale price of $92,250 and an average days on the market of 15.5 days.

There is a new listing in Canaveral Sands that is a 1st floor unit with 2 bedrooms 2 baths, 1222 sq. ft., good ocean views and a list price of $189,900.

On the river, there is now a listing in Harbor Isles that is direct Banana River with 2 bedrooms 2 baths and a list price of $169,900. This complex has all the amenities including 3 pools, tennis courts, clubhouse and workout room.

Jim Bagwell