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Welcome
McCoy-Freeman Group 142 N. Orlando Ave., Suite 300, Cocoa Beach, FL 32931 Office: 321-720-6654 Fax: 321-406-0686 Cell: 321-693-1694 Email: info@brevardrealtyconnection.com
The McCoy-Freeman Group is dedicated to providing a superior level of informed, professional real estate services to buyers and sellers in Brevard County, Florida. We are pleased to serve the areas: Cape Canaveral • Cocoa Beach • Merritt Island • Satellite Beach • Melbourne • Titusville • Viera • Suntree • Rockledge • and More. Feel free to contact us personally so we can assist you in finding the perfect property!
We are Jennifer McCoy, Nikki McCoy-Freeman & Bobby Freemen. Let us be YOUR ambassadors of real estate! Please take a minute to watch our exciting new video introducing the gorgeous beach & river front communities we call "Home". Just click below...
Jennifer McCoy, Bobby & Nikki McCoy Freeman Call us today for all of your real estate needs!
877-611-7873 - Toll Free 321-693-1694 - Bobby 321-720-6654 - Jennifer 321-537-2291 - Nikki
321-406-0686 - Fax
Thanks for visiting our site & please visit our blog!
Specializations of the McCoy-Freeman Group
• Beach side & Waterfront Property
• Luxury Homes & Condos
• Relocation Specialist
• New Construction
• First Time Buyers
• Excellent Market Knowledge
• Marketing that works!
Live from Cocoa Beach Pier...
Surfline partner since 1999
International Award Winning Architect delivers- never seen on Florida's Space Coast!
2,900 - 4,500 living sq. ft
Starting from the low $400's
Ocean Club Condominiums has a beach-front location with breathtaking views and is the epitome of luxurious ocean-front living. Only steps away from one of the most spectacular beaches in the world, enjoy the exclusivity of private, covered parking spaces and an elevator that opens directly into each residence. The inviting grand salon beckons you to enjoy the dramatic beauty of the Atlantic Ocean.
Each spacious residence is finished with granite counter tops and European-style wood cabinetry in the kitchen, marble counter tops in the bathrooms and walk-in closets in the bedrooms. Prices for Ocean Club range from the low $400s, with floor plans ranging from 2,806 to 4,500 square feet.
It's been 233 years since Paul Revere's famous "Midnight Ride" from Boston to Concord. He warned the colonists and Minutemen, “The British are coming.” Minutemen were citizen soldiers in the American colonies who were ready to fight the British troops at a "minute's" notice during the years before the American Revolution.
We'll, I'm here to warn all sellers of Cocoa Beach property: "The British are coming! The British are coming!" Get your homes ready to sell in a minute's notice!
Much has changed since 1775. There are no Minutemen here ready to fight, just anxious sellers ready to negotiate and welcome British guests. Locally, the only mention of Minutemen is Minutemen Causeway in downtown Cocoa Beach. It runs east and west with many luxury waterfront homes, a championship golf course, "A" rated schools, wonderful dining and, of course, the beach.
These overseas buyers are bringing cash and good credit instead of muskets and canons. They are using our weak dollar against their high euro to purchase investment property at great prices. We also have lenders who are experienced with overseas property transactions and are available to answer your questions.
So, yes the British are coming but so are the Canadians and many others! If you need information on the home buying process in Florida, contact the professionals of the McCoy-Freeman Group with RE/MAX Elite. Call toll free at 877-611-7873 or send us an email. We are available 7 days a week to answer, show and advise you on any property on Florida's Space Coast.
Pending, contingent and closed sales continue to rise and inventory is at its lowest level since May 2006. As of 3/23/08, there are 42 contingent condo contracts in Cocoa Beach and Cape Canaveral.
The McCoy-Freeman Group which consists of myself, Bobby Freeman, my wife Nikki and mother-in-law Jennifer McCoy, represent 10 out of the 42 or an incredible 23% market share of all pending sales in the Cocoa Beach area condo market.
Our effective international and local marketing campaigns combined with superb market knowledge continue to attract new buyers and sellers daily. Not to mention even more buyers are "jumping the fence" to get the deals while they last.
The majority of our buyers are from areas such as England, Canada, Alaska, South Florida, Finland. A few of these clients indicated to us they were visiting other areas of Florida to decide where to buy beach side property. With everything Cocoa Beach has to offer, the choice was simple.
Here are just a few examples...
1. Property pricing is lower here than in many other barrier island beach towns.
2. Excellent views of all NASA rocket launches plus the Space Shuttle lands here as well. Anyone ever felt the sonic booms made when the Shuttle reenters the atmosphere?
3. Sandy beaches, sunny warm weather, friendly people.
4. Just 45 minutes from Orlando International Airport and 30 minutes to Melbourne International Airport.
5. One hour drive to most Orlando area attractions such as Walt Disney World, Sea World and Universal Studios.
6. Ever wanted to learn how to surf? Cocoa Beach offers one of the best locations for beginners.
7. Port Canaveral, the 2nd busiest port in the U.S., serves fun cruise ships and gambling cruises, excellent restaurants, and first-class fishing. Not to mention Disney's two newest and biggest cruise ships to be coming soon!
There are many other examples but the best way to enjoy the many amenities of the Cocoa Beach area is to come here yourself. If you are looking for property and need professional service contact the RE/MAX Elite's McCoy-Freeman Group. I will guarantee you will have the best representation available.
We know the Cocoa Beach area market better than anyone and we are available 7 days a week for showings, questions and advice. Give us a call toll free at 877-611-7873 and let us make your real estate purchase as easy as possible.
Also, visit the area's only Condo Super Center web site for detailed information on ocean front condos in the Cocoa Beach area.
Let's reflect and review the key factors relating to the recent real estate collapse.
1. The Federal Reserve began aggressively cutting rates after the September 11, 2001 terrorist attacks in order to avoid a possible economic recession. By mid-2003 the rates reached 1%
2. Mortgage rates fell from 8% in 2000 to 5.5% in mid-2003. Adjustable Rate Mortgages (ARMs) rates fell as well.
3. Housing sales volume and demand rose to successive highs in 2003, 2004 and 2005.
4. Home prices increased as well. For example, a one bedroom in Port Side Villas in Cape Canaveral sold pre-construction in 2004 for $113,900 and then resold on 11/11/05 for $200,000
5. With housing demand on a steep upward trend and a general weakness in the stock market, "easy" wealth gains were common for real estate owners. This demand required additional financing.
6. Chasing after high yields, global capital providers were eager to provide financing because rating agencies such as Moody's, Standard & Poor's and others viewed subprime products as 'safe' alternatives and ranked them as top Triple-A ratings.
7. There was so much liquidity available that even risky borrowers were able to secure financing with little or no income documentation.
8. This caused many "house-flippers" to enter real estate markets expanding demand for housing and driving house prices to even higher levels.
9. Inventories were down and homebuilders couldn't keep up the demand. Everyone was happy while making lots of money and equity from their real estate investments. Many books were bought on how to endlessly profit from real estate.
10. "What goes up must come down." Mortgage rates began to climb in 2005 when the Federal Reserve raised rates and caused housing demand to fall.
11. With demand decreasing and supply increasing, home pricing fell as well. For example, another one bedroom condo in newly built Port Side Villas is currently listed for $105,000.
12. Some "flippers" began walking away from contracts and developers were stuck with excess inventories.
13. Subprime loans and ARMs were resetting to higher interest rates. Refinancing was not possible for most since the value of their houses was lower than the value of their mortgages and many were forced to foreclose or short sale their investments.
14. Lenders began writing down their losses while more homeowners and flippers just walked away from their purchases.
15. Global capital providers stopped funding subprime loans after rating agencies no longer rated those investments as Triple-A quality.
16. The subprime market came to a halt and the global capital providers also stopped funding many other mortgage options including the jumbo loan market.
17. In mid-2007 the Federal Reserve began cutting rates again and is expected to make deeper cuts in the near future.
Yes, there is plenty of blame to go around but I mostly blame the rating agencies whom rated these loans as "Triple-A" quality. If they would have properly assessed the risk in lending hundreds of thousands of dollars to risky-borrowers with little documentation then the global capital would have never reached subprime homebuyers. Flippers are to blame as well but without subprime lending, many would have never been able to enter the market. There would have never been such of a housing boom.
I also blame those who took ARM's instead of fixed rates because they were able to buy more of a house at a lower rate and figured they could refinance at a fixed rate later on. What goes up must come down and what comes down must come up and that's what happened to interest rates.
Will this happen again? NO. The global capital providers will be very careful when lending money to our real estate market. We are going back to careful underwriting standards of verifying buyer's income and thoroughly checking the borrower's ability to repay the loan. If you can't pay, you won't be able to play.
Is the worst over? Hard to say but the facts are that we have an increase in signed sales contracts & mortgage applications. Local inventory is down and demand is increasing. For instance, Cocoa Beach and Cape Canaveral had 46 total closed condo sales this year. Currently there are 40 pending condo sales and that number is going up. Inventory continues to drop every month since last year. Total condo inventory for Space Coast Association of Realtors in January 2007 was 1,678. This past January that number was reduced to 1,317.
Historically real estate has always been a great long-term investment and will continue to be so especially in sunny Florida. If you would like to discuss current market conditions or would like a list of available properties, contact the McCoy-Freeman Group.
Research: National Association of Realtors & Space Coast Association of Realtors, MLS
SOLD! Cape Canaveral house left for charity fetches $161,000
The house that a Cape Canaveral humanitarian left to charity sold last week for $161,000.
We previously wrote about Early Wyatt Winters, who died a year ago. A doctor of optometry, he gave to countless charities while he was alive.
Then Winters left the home in the Harbor Heights neighborhood to benefit a number of causes, including the Pennsylvania College of Optometry, Alley Cat Orphans in Cocoa, Space Coast Feline Network, Habitat for Humanity, and groups that help the blind and wildlife.
An effort to clean up the house, led by Total Home Mortgage/Total Home Contractors and Re/Max Elite McCoy-Freeman Real Estate Group, pulled in lots of volunteers but not as many material donations as they hoped. In addition, the house didn't fetch the appraised value of $267,000.
"It was more fixer-up than we thought," said Bobby Freeman of the Re/Max group. "We knew it was a lot to begin with. . . . As far as donations, we had a lot of people who donated their time, but it was really tough to get materials."
But after a lot of cleaning, painting and yard work, the house, in a prime location near the beach, eventually inspired a bidding war.
The buyer was Kathleen Harer of Cocoa Beach. "I have a personal interest in it," she said. "I'm president of Space Coast Feline Network." When she saw the low offers being made for the house, she and her family stepped up to buy it, in part because they wanted the non profits -- including hers -- to get as much as they could from the sale.
They plan to renovate the house and offer it for rent. Though Winters fed a couple of cats in his neighborhood, she said, "he's the one who went up to the port twice a day to feed cats." He also had at least a couple of hundred feral cats trapped so they could be spayed and neutered and released.
Freeman is donating the $3,600 commission from the sale to the Children's Miracle Network. "Our business isn't just about buying and selling homes," Freeman said. "Our business is to care for families."
Canaveral named best state port
BY SCOTT BLAKE FLORIDA TODAY
A new poll has named Port Canaveral as Florida's top port. Readers of Altamonte Springs-based Florida Monthly magazine and its Web site, Floridamagazine.com, voted Brevard County's seaport to the top spot in its annual "Best of Florida" poll.
It was the sixth consecutive year Port Canaveral has taken the honor, according to the Canaveral Port Authority. "It is very gratifying to be recognized as the best at what you do," Tom Goodson, chairman of the Canaveral Port Authority Board of Commissioners, said in a statement Thursday.
"To earn the distinction six consecutive times is a testament to the dedication of our staff in providing excellent customer service with every interaction, whether visitors come to Port Canaveral for business or pleasure."
Port Canaveral is the second-busiest cruise port in passenger counts, behind Miami.
5 Secrets to Buying the Best House for Your Money
1. Get "Pre-Approved" - Not "Pre-Qualified!"
Do you want to get the best property you can for the least amount of money? Then make sure you are in the strongest negotiating position possible. Price is only one element in the negotiations, and not necessarily the most important one. Often other terms, such as the strength of the buyer or the length of escrow, are critical to a seller.
In years past, I always recommended that buyers get "pre-qualified" by a lender. This means that you spend a few minutes on the phone with a lender who asks you a few questions. Based on the answers, the lender pronounces you "pre-qualified" and issues a certificate that you can show to a seller. Sellers are aware that such certificates are WORTHLESS, and here's why! None of the information has been verified!
Many times unknown problems can come to the surface! Some of the problems I've seen include recorded judgments, alimony payments due, glitches on the credit report due to any number of reasons both accurately and inaccurately, down payments that have not been in the clients' bank account long enough, etc.
So the way to make the strongest offer today is to get "pre-approved". This happens AFTER all information has been checked and verified. You are actually APPROVED for the loan and the only loose end is the appraisal on the property. This process takes anywhere from a few days to a few weeks depending on your situation. It's VERY POWERFUL and a weapon I recommend all my clients have in their negotiating arsenal.
2. Sell Your Property First, Then Buy the House
If you have a house to sell, sell it before selecting a house to buy! Contingency sales aren't nearly as strong as one that comes in with a ready, willing and able buyer. Consider this scenario: You've found the perfect house - now you have to go make an offer to the seller. You want the seller to reduce the price and wait until you sell your house. The seller figures that this is a risky deal, since he might pass up a buyer who DOESN'T have to sell a house while he's waiting for you. So he says OK, he'll do the contingency but it has to be a full price offer! You have now paid more for the house than you could have because of the contingency, and you have to sell your existing house in a hurry! Otherwise you lose the house! So to sell quickly you might take an offer that's lower than if you had more time. The bottom line is that buying before selling might cost you THOUSANDS of dollars.
If you're concerned that there is not a house on the market for you, then go on a window-shopping trip. You can identify possible houses and locations without falling in love with a specific house. If you feel confident after that then put your house on the market.
Another tactic is to make the sale ''subject to seller finding suitable housing''. Adding this phrase to the listing means that WHEN YOU DO FIND A BUYER, you will have some time to find the new place. If you don't find anything to your liking, you don't have to sell your present home.
3. Play the Game of Nines
Before house hunting, make a list of things you want in the new place. Then make a list of the things you don't want. You can use this list as a guide to rate each property that you see. The one with the biggest score wins! This helps avoid confusion and keeps things in perspective when you're comparing dozens of homes.
When house hunting, keep in mind the difference between ''STYLE AND SUBSTANCE''. The SUBSTANCE are things that cannot be changed such as the location, view, size of lot, noise in the area, school district, and floor plan. The STYLE represents easily changed surface finishes like carpet, wallpaper, color, and window coverings. Buy the house with good SUBSTANCE, because the STYLE can always be changed to match your tastes. I always recommend that you imagine each house as if it were vacant.
Consider each house on its underlying merits, not the seller's decorating skills.
4. Don't Be Pushed Into Any House
Your agent should show you everything available that meets your requirements. Don't make a decision on a house until you feel that you've seen enough to pick the best one.
A decade ago, homes were selling quickly, usually a few days after listing. In that kind of market, agents advised their clients to make an offer ON THE SPOT if they liked the house. That was good advice at the time. Today there isn't always this urgency, unless a home is drastically under priced, and you'll know if it is.
Don't forget to check into the SCHOOL DISTRICTS of the area you're considering. Information is available on every school; such as class sizes, % of students that go on to college, SAT scores, etc. You can get this information from this web site.
5. Stop Calling Ads!
Please note - ads are sometimes created to make the phone ring! Many of the homes have some drawback that's not mentioned in the ad, such as traffic noise, power lines, or litigation in the community. What's not mentioned in the ad is usually more important than what is.
For this reason, I want you to be very careful when reading ads. Remember that the person writing the ad is representing the seller and not you! The most important thing you can do is have someone on your side looking out for your best interests.
Your own agent will critique the property with an eye towards how well it meets your needs and will point out any drawbacks you should know about. So whether you decide to work with me or not, pick an agent you feel comfortable with and enlist the services of that agent as a buyer's broker. Then you become a client with all the rights, benefits, and privileges created by this agency relationship, and you're no longer just a shopper.
Did you know that many homes are sold WITHOUT A SIGN ever going up or an AD EVER BEING PUT IN THE PAPER? These "great deals" go to those people who are committed to working with one agent. When an agent hears of a great buy, who do you think he's going to call? His client, who he has a legal obligation to work hard for you, or someone who just called on the phone and said "keep your eyes open"? So to get the best buy on a property, I always recommend that you hire your own agent and stick with him or her.
st spectacular beaches in the world, enjoy the exclusivity of private, covered parking spaces and an elevator that opens directly into each residence. The inviting grand salon beckons you to enjoy the dramatic beauty of the Atlantic Ocean. 
