Well the search is on..litterally. Many people are looking for the hottest type of property. Even hotter than before the boom. Panama City Foreclosures! They are here and they are increasing in number as we speak. Many investors are grabbing them left and right so make sure you search online at www.RandBCoastalRealEstate.com for the properties available for sale.
We have taken some time at www.InvestSmarter.com to discuss the options and differences between short sales and foreclosures...there are many benefits both ways. Let us know your experience also today!
Friday, December 26, 2008
Friday, September 5, 2008
Where will everyone live and where will they vacation? Panama City Beach?
As new data comes out on what is happening in the real estate market, we have to keep asking ourselves.....is there enough supply? That is a weird question right now...because there is plenty!! But what about down the road? What's going to happen then? What will be available? We know big names and institutions are buying up property left and right for this coming boom. We talk a bit more about this at www.InvestSmarter.com and determine how this will affect areas like Panama City Beach Florida.
With an increase in population the second home market and condo market is another great opportunity to consider. See more information below, but if you are looking for investing advice on Panama City Beach Florida visit us online today!
Population Boom Will Drive Real Estate Industries When the Census Bureau released population projections last month, more attention was paid to the country's changing racial composition than to the massive scope of the increase. What's clear is that the latest numbers will inevitably give the real estate business a boost. The Census Bureau is projecting an increase of 135 million people in the U.S, a 44 percent rise, by 2050. That’s equivalent to the entire populations of Mexico and Canada moving to the United States. The bureau estimates that this population boom, largely fueled by immigration, will require 52 million new housing units, along with more places for people to shop and work. Source: The Washington Post, Steven A Camarota (08/31/2008)
For more information on property for sale in Panama City and Panama City Beach Florida take a few minutes to search online and see if there is that perfect fit for you or your family. You might just be surprised at the Emerald Coast!
With an increase in population the second home market and condo market is another great opportunity to consider. See more information below, but if you are looking for investing advice on Panama City Beach Florida visit us online today!
Population Boom Will Drive Real Estate Industries When the Census Bureau released population projections last month, more attention was paid to the country's changing racial composition than to the massive scope of the increase. What's clear is that the latest numbers will inevitably give the real estate business a boost. The Census Bureau is projecting an increase of 135 million people in the U.S, a 44 percent rise, by 2050. That’s equivalent to the entire populations of Mexico and Canada moving to the United States. The bureau estimates that this population boom, largely fueled by immigration, will require 52 million new housing units, along with more places for people to shop and work. Source: The Washington Post, Steven A Camarota (08/31/2008)
For more information on property for sale in Panama City and Panama City Beach Florida take a few minutes to search online and see if there is that perfect fit for you or your family. You might just be surprised at the Emerald Coast!
Sunday, August 3, 2008
Vacancies Hit another Low
We keep seeing it over and over again at www.InvestSmarter.com. People are being foreclosed on or just leaving and mailing the bank a set of keys. Builders are starting to really panic and people are asking..what do I do now? There are options and in the Panama City and Panama City Beach Florida areas we are giving owners a great option. Contact us today to find out more about how we can help. In the meantime here is an interesting article on what is happening in the national market:
Daily Real Estate News August 1, 2008
Home Vacancies Set Record in 2Q
The Census Bureau says the 18.6 million homes sitting unoccupied nationwide during the second quarter set a new record, attributable to the housing slump and rising foreclosure rate. Year-over-year, the number of vacant dwellings was up 6.9 percent, and 2.8 percent of these vacant homes were nonrentals. The report also shows 4 million rentals standing empty during the second quarter and a jump in vacant homes in the "other" category, including foreclosures and those empty while undergoing improvements, to 3.2 million from 3 million in 2007.Source: American Banker (07/25/08)
For more information on what is available in Panama City and Panama City Beach Florida visit our website at www.Panama-City-Beach-Florida-MLS.com for more available properties in many different categories and price ranges.
Daily Real Estate News August 1, 2008
Home Vacancies Set Record in 2Q
The Census Bureau says the 18.6 million homes sitting unoccupied nationwide during the second quarter set a new record, attributable to the housing slump and rising foreclosure rate. Year-over-year, the number of vacant dwellings was up 6.9 percent, and 2.8 percent of these vacant homes were nonrentals. The report also shows 4 million rentals standing empty during the second quarter and a jump in vacant homes in the "other" category, including foreclosures and those empty while undergoing improvements, to 3.2 million from 3 million in 2007.Source: American Banker (07/25/08)
For more information on what is available in Panama City and Panama City Beach Florida visit our website at www.Panama-City-Beach-Florida-MLS.com for more available properties in many different categories and price ranges.
Friday, July 4, 2008
Panama City and Panama City Beach Florida Real Estate Trend Reports
Every exciting and changing Real Estate in the Northern Florida area has brought another exciting time to the Emerald Coast. The Panama City Beach Florida Condo market is finally stable and many investors are reaping the rewards of summer rentals as we speak. The Residential Market in Panama City Beach has also take a very strong turn and the rental market stays strong. We discuss more information at www.InvestSmarter.com around property and smarter investing in real estate. Please see the most current trends below:
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
This information brought to you from Narreia and www.RandBCoastalRealEstate.com affiliated and part of the www.InvestSmarter.com network of Qualified Real Estate Agents and Brokers.
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
This information brought to you from Narreia and www.RandBCoastalRealEstate.com affiliated and part of the www.InvestSmarter.com network of Qualified Real Estate Agents and Brokers.
Tuesday, June 24, 2008
Something to think about when Selling Property
Sometime we forget about the net gain of a deal when we sell property. Especially in times like these where it seems that prices are going down. But a few people are still making good money in real estate. At www.InvestSmarter.com we have tried to bring everyone together to help give solid facts to what we are working with on a daily basis. We know we are limited on primary residents to 250k or 500k in tax free money when selling our primary home, but if a condo is your primary home, don't forget about the assessments and the improvements made to the building. Below is an interesting article that was just published talking about this exact fact:
Daily Real Estate News June 24, 2008
A Commonly Missed Tax Break
Condominium or cooperative residents often miss the fact that upgrades to the common areas of communities can affect the amount of tax an owner pays when the home is sold.If the property is a principal residence and the owner has lived in it for two of the previous five years before the sale, a big chunk of the profit is already exempt from federal tax — $250,000 for a single person and $500,000 for a married couple. But the seller will owe taxes on any profit beyond that, and he will owe taxes on the whole amount if the property isn’t a primary residence.A proportional share of the amounts spent by the condo or cooperative association on improvements to the property — not simple maintenance — can be added to the amount paid for the property, or in tax lingo, “the basis.” The basis is subtracted from the sales price to determine any taxable profit.“It surprises me that many community association owners are not aware of this tax benefit. Particularly for older home owners who have watched real estate profit build up over many years and now have a profit of more than $500,000, every dollar of capital improvements they can document is valuable,” says Benny L. Kass, real estate attorney.Source: The Washington Post, Benny L. Kass (06/21/2008)
Feel free to search any of the sites below for more information on real estate in the Panama City and Panama City Beach Florida areas:
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.RandBCoastalRealEstate.com
Daily Real Estate News June 24, 2008
A Commonly Missed Tax Break
Condominium or cooperative residents often miss the fact that upgrades to the common areas of communities can affect the amount of tax an owner pays when the home is sold.If the property is a principal residence and the owner has lived in it for two of the previous five years before the sale, a big chunk of the profit is already exempt from federal tax — $250,000 for a single person and $500,000 for a married couple. But the seller will owe taxes on any profit beyond that, and he will owe taxes on the whole amount if the property isn’t a primary residence.A proportional share of the amounts spent by the condo or cooperative association on improvements to the property — not simple maintenance — can be added to the amount paid for the property, or in tax lingo, “the basis.” The basis is subtracted from the sales price to determine any taxable profit.“It surprises me that many community association owners are not aware of this tax benefit. Particularly for older home owners who have watched real estate profit build up over many years and now have a profit of more than $500,000, every dollar of capital improvements they can document is valuable,” says Benny L. Kass, real estate attorney.Source: The Washington Post, Benny L. Kass (06/21/2008)
Feel free to search any of the sites below for more information on real estate in the Panama City and Panama City Beach Florida areas:
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.RandBCoastalRealEstate.com
Monday, June 9, 2008
100% Mortgages...do they still exist?
They do exist..but there are limitations. As published in The Washington Post there are some people that do qualify:
Daily Real Estate News June 9, 2008
No-Downpayment Loans Still Out There
Despite banks’ reactions to the foreclosure crisis, it’s still possible for a potential homeowner to buy with no money down.Some options come from Fannie Mae and Freddie Mac and are aimed at making homeownership possible for buyers with limited credit and savings, including teachers, firefighters, and members of the military. Some of the loan programs, which are available through cooperating lenders, even allow 105 percent financing to cover closing costs.Freddie Mac says such loans have lower delinquency rates because borrowers are required to complete homeownership education.Earlier this year, Fannie Mae experimented with a policy that demanded a minimum of 10 percent down in markets where home prices were declining. In May, it modified the policy to allow buyers in declining markets to borrow up to 97 percent of the purchase price with a conventional mortgage and meet any other need with a second mortgage that that lenders are required to forgive after five years of successful payments.Source: Washington Post, David S. Hilzenrath (06/09/2008)
For more information on what is available in the Panama City Beach Market please visit
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Daily Real Estate News June 9, 2008
No-Downpayment Loans Still Out There
Despite banks’ reactions to the foreclosure crisis, it’s still possible for a potential homeowner to buy with no money down.Some options come from Fannie Mae and Freddie Mac and are aimed at making homeownership possible for buyers with limited credit and savings, including teachers, firefighters, and members of the military. Some of the loan programs, which are available through cooperating lenders, even allow 105 percent financing to cover closing costs.Freddie Mac says such loans have lower delinquency rates because borrowers are required to complete homeownership education.Earlier this year, Fannie Mae experimented with a policy that demanded a minimum of 10 percent down in markets where home prices were declining. In May, it modified the policy to allow buyers in declining markets to borrow up to 97 percent of the purchase price with a conventional mortgage and meet any other need with a second mortgage that that lenders are required to forgive after five years of successful payments.Source: Washington Post, David S. Hilzenrath (06/09/2008)
For more information on what is available in the Panama City Beach Market please visit
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Thursday, June 5, 2008
Weekly Trends-June 5th 2008-Panama City Beach Florida
Here is the weekly trend data for Panama City and Panama City Beach Florida:
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
http://www.investsmarter.com/
http://www.randbcoastalrealestate.com/
http://www.panama-city-beach-florida-mls.com/buying-panama-city-real-estate/
http://www.panama-city-beach-florida-condominiums.com/buying-panama-city-beach-condominiums/
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
http://www.investsmarter.com/
http://www.randbcoastalrealestate.com/
http://www.panama-city-beach-florida-mls.com/buying-panama-city-real-estate/
http://www.panama-city-beach-florida-condominiums.com/buying-panama-city-beach-condominiums/
Friday, May 30, 2008
Panama City Beach Real Estate-Picked #1 in the top 5 Places to own a Summer home!
Here we go!!!
Panama City Beach Florida picked #1 for Places to own a summer home!
See the full article below:
http://money.aol.com/top5/realestate/bargain-places-summer-home-1
For more on property in Panama City and Panama City Beach Florida please visit the following:
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
Panama City Beach Florida picked #1 for Places to own a summer home!
See the full article below:
http://money.aol.com/top5/realestate/bargain-places-summer-home-1
For more on property in Panama City and Panama City Beach Florida please visit the following:
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
Panama City Real Estate and Panama City Beach Real Estate Market Report-5/30/08
The market trends in Panama City and Panama City Beach are on a steady upward trend. This is due to more realistic prices on home and condominiums prices. The following links show MLS trends for the Panama City and Panama City Beach Real Estate Market:
Panama City and Panama City Beach FLORIDA Real Estate
Panama City Real Estate
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach Real Estate
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
For homes and condos for sale in Panama City and Panama City Beach Florida please use any of the following sites:
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
Panama City and Panama City Beach FLORIDA Real Estate
Panama City Real Estate
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach Real Estate
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
For homes and condos for sale in Panama City and Panama City Beach Florida please use any of the following sites:
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
Saturday, May 24, 2008
Panama City Real Estate-Morgage Rates Drop Again
Daily Real Estate News May 23, 2008
30-Year Mortgage Rates Drop
After four weeks in an upward trajectory, Freddie Mac reports that long-term mortgage rates are falling again. The average interest on a 30-year fixed loan settled at 5.98 percent this week, down 0.03 percent from the prior week. Rates on 15-year fixed mortgages, meanwhile, slipped 0.5 percent for the week to an average of 5.55 percent. Borrowing costs drifted slightly higher, however, on adjustable-rate products. Five-year ARMs bumped up 0.04 percent to 5.61 percent, while one-year ARMs moved up 0.06 percent to 5.24 percent.
Source: Chicago Sun-Times (05/23/08) Copyright Info Inc.
So what doest this mean for the Real Estate Market when looking at Panama City Florida Real Estate and Panama City Beach Florida Real Estate?
We are slowly getting back to a more stable point in the market. A lot of buyers today are not worried about just "where's the bottom" of the Panama City Real Estate Market, but also "I don't want to buy too soon and risk a higher interest rate." So when you are searching for Panama City Real Estate, one must ask themselves when is the right time to make a move. No one has a crystal ball, but what we do know is that interest rates, for now, are remaining flat to dipping to increasing slightly. Ensure that when you are buying real estate, whether in Panama City or Panama City Beach you are working with a qualified Panama City Real Estate agent and a competent mortgage agent or bank. They both should be able to help you with market trends in their respective area. Please visit us online at http://www.investsmarter.com/ or http://www.randbcoastalrealestate.com/ to view more homes and condos for sale in the Panama City Real Estate and Panama City Beach Real Estate Markets.
Friday, May 16, 2008
Weekly Trend Data May 16th 2008
Weekly Trend Data from R and B Coastal Real Estate
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.InvestSmarter.com
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.InvestSmarter.com
Bay Point Florida Real Estate and Bay Point Real Estate Links
We're up and running...see more information about Bay Point Florida and Bay Point Real Estate below. These internal sites are dedicated to providing you more information about the homes and/or condos for sale in Bay Point Florida.
http://www.randbcoastalrealestate.com/Bay-Point-Real-Estate/
http://www.randbcoastalrealestate.com/Bay-Point-Florida/
Let us know if there is another subdivision you would like easier and quick access to!
More to come on the condominium front also so make sure you stay tuned there!!!
http://www.randbcoastalrealestate.com/Bay-Point-Real-Estate/
http://www.randbcoastalrealestate.com/Bay-Point-Florida/
Let us know if there is another subdivision you would like easier and quick access to!
More to come on the condominium front also so make sure you stay tuned there!!!
Sunday, May 11, 2008
Market Trends for Panama City and Panama City Beach Florida Week of 5/11/08
Market Trends for Panama City and Panama City Beach Florida Week of 5/11/08:
FLORIDA
Panama City Real Estate
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach Real Estate
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
FLORIDA
Panama City Real Estate
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach Real Estate
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Wednesday, May 7, 2008
Jumbo Loan Rates....Is there more help coming?
Daily Real Estate News May 6, 2008
Frank Aims to 'Unstick' Jumbo Loans
Expressing dissatisfaction with the mortgage industry's response to congressional efforts to prop up the jumbo home loan market, Rep. Barney Frank (D-Mass.) said he will convene a meeting in late May with mortgage bankers, Fannie Mae, Freddie Mac, and Wall Street interests. As chairman of the House Financial Services Committee, he said he will try to determine why jumbo loans remain elusive and continue to bear steep borrowing costs despite temporary new rules put in place on April 1 that allow Fannie Mae and Freddie Mac to purchase or guarantee mortgages for more than $417,000. "We fought very hard to raise the loan limits for Fannie and Freddie, and there have been a lot of problems in implementation," Frank remarked. "There is a chain of people blaming each other, and we're going to call everybody in there into the hearing and find out why." Mortgage Bankers Association chief economist Jay Brinkmann responded that Wall Street investors have balked at investing in jumbo loans under the new higher ceiling until the market determines appropriate pricing on such securities and evaluates their risks. "You don't want to guess on the low side," he warned. "If you make a mistake in this environment, you can take a serious price hit." Source: Boston Globe (05/06/08)
www.InvestSmarter.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.RandBCoastalRealEstate.com
Frank Aims to 'Unstick' Jumbo Loans
Expressing dissatisfaction with the mortgage industry's response to congressional efforts to prop up the jumbo home loan market, Rep. Barney Frank (D-Mass.) said he will convene a meeting in late May with mortgage bankers, Fannie Mae, Freddie Mac, and Wall Street interests. As chairman of the House Financial Services Committee, he said he will try to determine why jumbo loans remain elusive and continue to bear steep borrowing costs despite temporary new rules put in place on April 1 that allow Fannie Mae and Freddie Mac to purchase or guarantee mortgages for more than $417,000. "We fought very hard to raise the loan limits for Fannie and Freddie, and there have been a lot of problems in implementation," Frank remarked. "There is a chain of people blaming each other, and we're going to call everybody in there into the hearing and find out why." Mortgage Bankers Association chief economist Jay Brinkmann responded that Wall Street investors have balked at investing in jumbo loans under the new higher ceiling until the market determines appropriate pricing on such securities and evaluates their risks. "You don't want to guess on the low side," he warned. "If you make a mistake in this environment, you can take a serious price hit." Source: Boston Globe (05/06/08)
www.InvestSmarter.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.RandBCoastalRealEstate.com
Monday, May 5, 2008
Developing Land.....Even with Low Risk there is Risk
Daily Real Estate News May 5, 2008
Lots of Land, But Building Can Be Risky
There’s a lot of vacant land for sale at the moment, but does building a custom home make sense? Ask different real estate professionals, and you'll get different answers. Debbie Jensen, an associate with Fairfax Realty in Herndon, Va., says the answer is simple: Just don't build. At least not now. Buyers take on too much risk and are at the mercy of builders, she says. "I can't tell you the amount of tears and frustration I've seen.” She recommends instead that her clients buy an existing home, even if it's only 80 percent of what they want. It's much easier to redo an existing house than to start from scratch, she contends.Other see it differently. "Land is a good deal right now," says Mark Hastings, an associate with RE/MAX Gateway in Chantilly, Va., where prices in many nearby areas are down. Hastings says he's seeing a lot of nervousness from potential buyers who are worried that they will get in over their heads and then not be able to sell their custom home. But he believes that concern is overblown because top-quality homes hold their value. "The people who are building are in the more affluent range," he says.Source: The Washington Post, Diane Reynolds (05/03/2008)
www.Panama-City-Beach-Florida-Commercial-Real-Estate.com
www.Destin-Florida-Commercial-Real-Estate.com
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
Lots of Land, But Building Can Be Risky
There’s a lot of vacant land for sale at the moment, but does building a custom home make sense? Ask different real estate professionals, and you'll get different answers. Debbie Jensen, an associate with Fairfax Realty in Herndon, Va., says the answer is simple: Just don't build. At least not now. Buyers take on too much risk and are at the mercy of builders, she says. "I can't tell you the amount of tears and frustration I've seen.” She recommends instead that her clients buy an existing home, even if it's only 80 percent of what they want. It's much easier to redo an existing house than to start from scratch, she contends.Other see it differently. "Land is a good deal right now," says Mark Hastings, an associate with RE/MAX Gateway in Chantilly, Va., where prices in many nearby areas are down. Hastings says he's seeing a lot of nervousness from potential buyers who are worried that they will get in over their heads and then not be able to sell their custom home. But he believes that concern is overblown because top-quality homes hold their value. "The people who are building are in the more affluent range," he says.Source: The Washington Post, Diane Reynolds (05/03/2008)
www.Panama-City-Beach-Florida-Commercial-Real-Estate.com
www.Destin-Florida-Commercial-Real-Estate.com
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
Condos...make sure you can rent and there are no restrictions before buying!
Daily Real Estate News May 5, 2008
Condo Owners Face Rental Dilemma
Condo owners who can’t sell their units often consider leasing the space to tenants until the market improves. Yet, increasingly, such owners are discovering that their condo association has rules preventing them from doing so.Rental policies vary by condo association, but generally associations limit the percentage of units that can be occupied by tenants. Some communities require owners to submit the lease they plan to use to the condo board for approval. The rental restrictions are meant to guard against the condo being viewed as a risky investment by lenders who believe that buildings with a high concentration of rentals are harder to market to homebuyers. Fannie Mae will not guarantee a loan for a condo in which renters make up more than 49 percent of the occupants.The rules generally stem from a feeling that renters don’t take good care of a unit and can reduce the value of the unit.Source: The Washington Post, Renae Merle (05/03/2008)
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Panama-City-Beach-Florida-Condominiums.com
www.Destin-Florida-Condominiums.info
Condo Owners Face Rental Dilemma
Condo owners who can’t sell their units often consider leasing the space to tenants until the market improves. Yet, increasingly, such owners are discovering that their condo association has rules preventing them from doing so.Rental policies vary by condo association, but generally associations limit the percentage of units that can be occupied by tenants. Some communities require owners to submit the lease they plan to use to the condo board for approval. The rental restrictions are meant to guard against the condo being viewed as a risky investment by lenders who believe that buildings with a high concentration of rentals are harder to market to homebuyers. Fannie Mae will not guarantee a loan for a condo in which renters make up more than 49 percent of the occupants.The rules generally stem from a feeling that renters don’t take good care of a unit and can reduce the value of the unit.Source: The Washington Post, Renae Merle (05/03/2008)
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Panama-City-Beach-Florida-Condominiums.com
www.Destin-Florida-Condominiums.info
Condos...make sure you can rent and there are no restrictions before buying!
Daily Real Estate News May 5, 2008
Condo Owners Face Rental Dilemma
Condo owners who can’t sell their units often consider leasing the space to tenants until the market improves. Yet, increasingly, such owners are discovering that their condo association has rules preventing them from doing so.Rental policies vary by condo association, but generally associations limit the percentage of units that can be occupied by tenants. Some communities require owners to submit the lease they plan to use to the condo board for approval. The rental restrictions are meant to guard against the condo being viewed as a risky investment by lenders who believe that buildings with a high concentration of rentals are harder to market to homebuyers. Fannie Mae will not guarantee a loan for a condo in which renters make up more than 49 percent of the occupants.The rules generally stem from a feeling that renters don’t take good care of a unit and can reduce the value of the unit.Source: The Washington Post, Renae Merle (05/03/2008)
http://www.randbcoastalrealestate.com/
http://www.investsmarter.com/
http://www.panama-city-beach-florida-condominiums.com/
http://www.destin-florida-condominiums.info/
Condo Owners Face Rental Dilemma
Condo owners who can’t sell their units often consider leasing the space to tenants until the market improves. Yet, increasingly, such owners are discovering that their condo association has rules preventing them from doing so.Rental policies vary by condo association, but generally associations limit the percentage of units that can be occupied by tenants. Some communities require owners to submit the lease they plan to use to the condo board for approval. The rental restrictions are meant to guard against the condo being viewed as a risky investment by lenders who believe that buildings with a high concentration of rentals are harder to market to homebuyers. Fannie Mae will not guarantee a loan for a condo in which renters make up more than 49 percent of the occupants.The rules generally stem from a feeling that renters don’t take good care of a unit and can reduce the value of the unit.Source: The Washington Post, Renae Merle (05/03/2008)
http://www.randbcoastalrealestate.com/
http://www.investsmarter.com/
http://www.panama-city-beach-florida-condominiums.com/
http://www.destin-florida-condominiums.info/
Fitness is More than A Fad....and Doesn't Take too Much Room
Daily Real Estate News May 5, 2008
Home Gyms: Remodeling Not Required
Equipping a home with an exercise area can increase its appeal to buyers. Despite the current economic slowdown, retail sales of home gym equipment continue to grow, topping $5 billion in 2006 and rising another 3 percent in 2007, according to the National Sporting Goods Association.Designating a spare room as an exercise area doesn’t necessarily require the purchase of expensive equipment, says exercise physiologist Bob Greene, certified personal trainer to Oprah Winfrey. He proposes simple, lower-cost alternatives to expensive exercise equipment.No remodeling is required, but the equipment will suggest the possibilities to potential buyers.
Yoga mat: A cushion for floor exercises and easily rolls up
Small free weights
Exercise ball
Jump rope
Source: Universal Press Syndicate, Mary G. Pepitone (05/03/2008)
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www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panaam-City-Beach-Florida-Condominiums.com
Home Gyms: Remodeling Not Required
Equipping a home with an exercise area can increase its appeal to buyers. Despite the current economic slowdown, retail sales of home gym equipment continue to grow, topping $5 billion in 2006 and rising another 3 percent in 2007, according to the National Sporting Goods Association.Designating a spare room as an exercise area doesn’t necessarily require the purchase of expensive equipment, says exercise physiologist Bob Greene, certified personal trainer to Oprah Winfrey. He proposes simple, lower-cost alternatives to expensive exercise equipment.No remodeling is required, but the equipment will suggest the possibilities to potential buyers.
Yoga mat: A cushion for floor exercises and easily rolls up
Small free weights
Exercise ball
Jump rope
Source: Universal Press Syndicate, Mary G. Pepitone (05/03/2008)
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panaam-City-Beach-Florida-Condominiums.com
Friday, May 2, 2008
Weekly Sales Trends Panama City and Panama City Beach Florida Real Estate
Weekly trends for the 1st of May. The season is getting a little better. Things are up on the sales side. Many sellers are beginning to understand that the hay days are gone and it's time to be realistic. Prices are coming back to a normal and stable point. If you have any questions on these trends, please let us know.
Have a wonderful day!
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
For more information on available property in and around the Panama City Beach area, please don't hestitate to call or go to either of the sites below.
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Have a wonderful day!
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
For more information on available property in and around the Panama City Beach area, please don't hestitate to call or go to either of the sites below.
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Thursday, May 1, 2008
Open Houses Seen as Key Today
Daily Real Estate News May 1, 2008
Open Houses Seen as Key Today
Many real estate practitioners are holding open houses now that the market has slowed, viewing such events as a good way to maximize exposure. According to David Williams of Utah-based Williams Realty, "An open house can be a great way to get feedback on a house and validate the price. It also exposes the home to buyers who are not currently working with a practitioner and may not be aware of the home's availability." Other pratitioners like open houses because they show interested buyers that they have competition, and they attract the attention of impulse buyers. RE/MAX Northern Illinois says practitioners can ensure their open houses are a success if they stick around to answer questions, seek feedback and hand out information; make sure the home is clean and free of clutter; advertise online, in local newspapers and through post cards sent to neighbors and prospects; and hold events on Sunday afternoons, when most buyers are available to browse properties. Source: Realty Times, Broderick Perkins (04/30/08)© Copyright 2006 Information Inc.
Open houses are good these days because buyers are looking. They are being savy though.
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Open Houses Seen as Key Today
Many real estate practitioners are holding open houses now that the market has slowed, viewing such events as a good way to maximize exposure. According to David Williams of Utah-based Williams Realty, "An open house can be a great way to get feedback on a house and validate the price. It also exposes the home to buyers who are not currently working with a practitioner and may not be aware of the home's availability." Other pratitioners like open houses because they show interested buyers that they have competition, and they attract the attention of impulse buyers. RE/MAX Northern Illinois says practitioners can ensure their open houses are a success if they stick around to answer questions, seek feedback and hand out information; make sure the home is clean and free of clutter; advertise online, in local newspapers and through post cards sent to neighbors and prospects; and hold events on Sunday afternoons, when most buyers are available to browse properties. Source: Realty Times, Broderick Perkins (04/30/08)© Copyright 2006 Information Inc.
Open houses are good these days because buyers are looking. They are being savy though.
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
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