Saturday, August 3, 2013

Trials and Tribulations

of a Real Estate agent!
Picture, heading out of the port on Miss Cape Canaveral.  A very wet day with only baby fish but had fun with my son and grandkids.

The deal we talked about with the law and ordinance insurance fiasco was solved.  The buyer went to an independent mortgage broker who says he can get it done.  Sometimes the large lenders are not the answer, just like Real Estate companies.

45' vertical restriction in Cocoa Beach.

Now I know there is a large faction of people in this city who want the city to just remain the same and this restriction certainly makes it possible to do that.  With the lack of inventory there is a new condo development in the planning stages for Cocoa Beach.  It is appearing to be a very west coast contemporary style building that will be very attractive with 4 floors.  I personally like the key west style of buildings but with this restriction it is almost impossible to build a building with this design with the vertical and density restrictions.  It becomes cost prohibitive to be very creative.  The height restriction incudes even the parapets if there are any which with a 4 floor building there can't be any.    Sometimes we are our own worst enemy, or as a friend of mine always says "we have met the enemy and it is us".

Jim Bagwell


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