Saturday, July 31st, 2010

Buy in SPLASH for Only $217/foot

This week’s features:

The Beach Show is your ONLY internet TV show all about Real Estate on Panama City Beach.

Deal 1 – 2 Bed in SPLASH for only $217/foot
Deal 2 - 2 bed at Tropic Winds for $269,900
Deal 3 – 3 bed at Tropic Winds for $359,900

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.

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6 Questions (and answers) about the Extension of the First Time Homebuyer’s Tax Credit

I am so excited that the tax buyer credit has not only extended but has expanded. Now move-up/repeat-home buyers can jump on board and reap the benefits of the program. I think most people are aware of the provisions and rules applied to the old bill but thought it would be fun to look at some of the new things available for those that are NOT first time home buyers. The Worker, Home ownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat-home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010).

Rates Remain Low / Housing Starts Tumble

Mortgage rates continue to hover near record lows with the rate on the benchmark thirty year flirting with 4.875% this week. The rate on the fifteen year fixed rate has dipped below 4.50% coming in at 4.375%. Thirty year rates on most government loan programs including FHA. VA and Rural Development have eased to 5%. Rates were helped this week after Federal Reserve Chairman Ben Bernanke gave a speech on Monday in which he cited “economic headwinds” as rationale for keeping rates low for the foreseeable future. Low interest rates helped keep the value of the dollar low against other major currencies and driven the price of gold to record highs in recent weeks as investors look for a safe alternative to the U.S. currency.
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Episode #30 – Live on the CHEAP in Palmetto Trace

This week’s features:

Deal 1 – Perfect Home in Palmetto Trace only $219k
Deal 2 -Home steps from Beach only $210k
Deal 3 – Steal in Wild Heron only $128/sqft

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.

Call us at 850-527-5651 to see these properties or for anything else you need regarding real estate in Panama City Beach.

Read more

4 Things to Know About Buying Real Estate Today

I have had a hard time focusing on what I want to discuss with you this week so I decided to share from one of my favorite Real Estate gurus, Barbara Corcoran who is a regular on The Today Show. I love her on so many levels but mostly because after making about straight D’s in high school and having over 20 jobs by age 23 she found her niche!!! I just love stories like that because it proves what I believe: that we all have a gift and how fun it is when we find it and share it. I guess I got a little side tracked with my happy talk so lets get to the Real Estate myths according to Barbara.

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First Time Homebuyer’s Tax Credit EXTENDED

Last Friday, President Obama signed a bi-partisan extension to the first-time home buyer tax credit program last week giving prospective buyers through June 30th, 2010 to close on a home and receive the $8,000 credit. In addition, the law contained an expansion of the former program to include homeowners who have occupied their current residence for five years who want to trade up to another home. These repeat buyers can now receive a credit up to $6,500. The income limits on the program for buyers to receive the full amount of the credit were also raised to $125,000 annually for an individual and $225,000 for a couple.
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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.