This is one insider's unpolished take on the current state of the Cocoa Beach and Cape Canaveral, Florida real estate market. I am a licensed agent and partner with Walker Bagwell Properties. My sometimes blunt opinions here are not welcomed by the real estate mainstream. Whatever. Hopefully my insights will allow you to make better decisions about your participation in this market.
Larry Walker - 321.917.5786 - firstname.lastname@example.org
Friday, May 02, 2014
Public Service Announcement
I'll make this short. Buyers hoping to purchase a condo in Florida shouldn't even consider using a lender if the loan officer handling their loan is not in Florida. The loan on a Florida condo is as much about the condominium association's worthiness (as defined by the lender) as it is about the borrower's credit. Far too often I see very experienced and capable loan officers from other states fail to close a loan because they weren't able to anticipate the hurdles involved with the Florida condo approval process. A local Florida lender who does condo loans here all the time will be in front of these bumps and will stand a much greater chance of closing the loan and hitting the contract date. The distant loan officer who will fail will assure you that they can do just as good a job as any Florida lender. Don't fall for it. Repeated history tells a much different story.
"Ignorance and confidence are constant companions." __John McAfee