Monday, May 27, 2013

"May the bird of paradise fly up your nose"

"May a elephant caress you with his toes"  Little Jimmy Dickens
Only in Cape Canaveral do you find a peacock at the circle K dumpster.

Safety in the market

To show you how you can feel more safe in today's market, we have a friend and client who was able to buy a 3/2 condo on the ocean in January 2011 for $249,000.  This unit has 1804 square feet on the 4th floor with great ocean to river views.  Granted they have done a lot of upgrades on the unit and now it shows great.  When I do a CMA on just the 2 adjacent buildings I come up with a market value of between $310,000 and $345,000.  This was achieved by knowing the market value and some intense negotiations.

Always have your agent perform a CMA before starting negotiations and you will know what you should pay as top end price and try to get it lower.  I know the market is coming back but we are still in a down market.  

Make wise choices

Jim Bagwell

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