Episode #29 - 2 Bed Gulf-front Condo $223/foot
This week’s features:
- Deal 1 - Gulf-front 2 Bedroom Condo END UNIT only $256k
- Deal 2 - Sweet Lullwater Home only $185k
- Deal 3 - Super Fixer-upper for only $119,900
The Beach Show is your ONLY internet TV show all about Real Estate on Panama City Beach.
Remember, it doesn’t cost anything to work with us if you are a buyer.
Click the “more” tag for show notes.
Pending Home Sales Rise
The National Association of Realtors reported on Monday that the September Pending Home Sales Index jumped 6.1% t0 110.1 after a 6.4% rise in August. The big rise far surpassed analysts’ expectations who anticipated a more modest rise of 1.2%. Most economists contributed the large increase to the estimated 200,000 to 400,000 first-time homebuyers rushing to take advantage of the $8,000 tax credit set to expire on November 30th. To that end, many analysts are anticipating a drop in pending home sales after November 30th. The NAR report helped offset a Commerce Department report last Thursday that showed new home sales fell unexpectedly on September after rising for five straight months. Commerce said new home sales fell 3.6% in September to a seasonally adjusted annual rate of 402,000. It was the first decline since March. Ironically, the drop was also attributed in part to the expiring first-time buyer credit. Go figure.
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Our Listings - Luxury House on Lake Carillon
Located on a quiet street among quaint Carillon architecture, this well appointed home is only steps from the beach. As you walk into the foyer, a sense of luxury and the smell of a high-end lifestyle rushes over you. The Carillon lifestyle is unmatched anywhere in Panama City Beach and this home has it all.
Overlooking Lake Carillon, “B Twenty Two” features 10 foot ceilings, 8 foot doors and oversized living areas. Everything from the solid wood floor to the custom kitchen cabinets to the moulding on the door frame feels solid and extravagant.
Click the read more for all the details and pictures.
Episode #28 - Hurry, Beautiful Home on Grand Lagoon $123/foot
This week’s features:
- Deal 1 - 3,566 SF home on Grand Lagoon, $123/foot
- Deal 2 - Super great starter home for $87/foot, ONLY $115k!
- Deal 3 - Affordable NEW home 1,577 sf only $179,500!
The Beach Show is your ONLY internet TV show all about Real Estate on Panama City Beach.
Subscribe to our podcast in iTunes.
Or, you can click here to download it to your desktop.
Remember, it doesn’t cost anything to work with us if you are a buyer.
Click the “more” tag for show notes.
Call us at 850-527-5651 to see these properties or for anything else you need regarding real estate in Panama City Beach.
8 Tips on How To Buy a Foreclosure
It seems that more and more people are getting excited about being on the winning end of the foreclosure crisis. Even though they are great deals customers sometimes are frustrated with the amount of red tape we have to go through and the fact that we have to do it the banks way. The game has changed in Real estate and navigating short sales and foreclosures requires a little study so I thought I would share a few foreclosure cliff notes with you.
Rates Rise – Home Prices Still Rising
We are definitely seeing a return to volatility in mortgage rates as a see-sawing stock market has made for fickle demand for bonds. While sitting near record lows for several weeks rates bounced back up by late last week and were approaching 5.375% on the conforming thirty-year, fixed-rate on Monday before settling back to 5.25% on Tuesday. Some of the pressure on rates can be attributed to the huge government bond auction this week that will push the nation’s overall debt to near its debt ceiling of just over $12 trillion. The $123 billion in government securities creates additional supply yet, so far, it appears there is still adequate demand to absorb the new debt which has allowed rates to ease somewhat. I believe we will continue to see this return to volatility in both bonds and equities as investors become less convinced that this year’s rally in stocks will continue.
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Our Listings - Live the Carillon Condo Lifestyle
This beautiful like-new condo for sale in the highly coveted private community of Carillon is a true lake-front, Gulf-view gem. When you walk into the huge foyer with tall curved walls you are overwhelmed with a sense of beachy luxury that just makes you want to take your shoes off and enjoy the good life. The architectural flare is not overwhelming, but it is rich - everything feels solid - and expensive. With granite surfaces throughout and rooms large enough to serve any purpose you can dream of, no sacrifices need be made to upgrade to this palatial low-rise condominium.
Of course, as with everything at the beach, it’s all about the view. One of the things that was not overlooked was the need for an oversized balcony overlooking Lake Carillon, Carillon architecture and the emerald green clear waters of the Gulf of Mexico. When you have views like this, you’ll want to be on the balcony as often as possible and this one is the size of a living room with plenty of room for furniture.
The interior appurtenances feature high-end appliances which include a Wolf oven, stainless steel GE refrigerator and microwave, a wine cooler, bread warmer, ice machine and wet bar. With solid hard-wood flooring in all the living areas and soft carpet in the bedrooms, this condo is made for living in. Of course, you can’t overlook the immensely over-sized master bedroom. The master bath is oversized with a stand-up shower (with bench) and a jacuzzi tub. But, you have to watch the video to truly feel how great of deal this condo is.
Click the “more” tag for all the details:
Episode #27 - Huge Home in Palm Bay for $100 a foot
This week’s features:
- Deal 1 - 3,200 SF home in Palm Bay, Nice, less than $100/sf
- Deal 2 - Super Cute Lyndell Plantation Home only $225k
- Deal 3 - Super Hot Deals in Wild Heron Open House This Weekend
The Beach Show is your ONLY internet TV show all about Real Estate on Panama City Beach.
Subscribe to our podcast in iTunes.
Or, you can click here to download it to your desktop.
Remember, it doesn’t cost anything to work with us if you are a buyer.
Click the “more” tag for show notes.
How to Deal with Multiple offers on a Short Sale
There have been more questions than answers this week. Among other, people have asked: What do those zeroed out items mean in a contract and are you sure you can not take multiple offers on a short sale??? Since we do not have time enough to answer the first one lets talk about some more questions that I continue to get about Short sales. All of my customers and myself agree that the short sale is certainly not a short process and there continues to be so much confusion on how to handle them between the buyer and the seller. Read more
Housing Starts Miss Forecast
Mortgage rates remain low again this week helped out by reemerging doubts about the stock rally and economy as a whole. The benchmark thirty-year, fixed-rate stands just above 5% with no points and the fifteen year is just below 4.50%. While paying a point was buying a full ½% discount to the rate in the first quarter of the year, that premium has narrowed significantly and a point today is only buying a 1/4% rate improvement.
