Florida A and M University, FL Real Estate News

By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
You might wonder why a Realtor in Tallahassee is welcoming Dr. Elmira Mangum (FAMU's 11th President) to town, when I normally focus on topics relating to the housing market. But long-time readers might remember that higher education in Florida is a favorite "off topic" subject of mine, as I have always felt it could be a great driver of Florida's economic recovery. FAMU plays its own special role in the health and vitality of the Tallahassee housing market, and that is why the leadership of the school is very important to the entire Tallahassee community. Dr. Elmira Mangum - President Of FAMU I can only imagine how difficult the selection process was for the search committee and the Trustees of FAMU, hoping to avoid the mistakes of the past that have caused so many problems for the scho...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
The other day, we considered the case of a move-up in today's market. Our prices in the Tallahassee Real Estate Market have leveled off this year, but one of the readers wondered if doing a move-up in a depreciating market would work out for the "Mover." Assuming a depreciating market, where prices are down 10% for the year, the Mover would first have to sell a home for 10% less before he would buy a home for 10% less. Let's examine what that looks like.If the market is down 10% selling, it is down 10% buying!Current HomeFuture HomeOld Value$150,000$250,000Current Value (-10%)$135,000$225,000Difference$15,000$25,000As you can see from this simplified example, moving up in a flat or depreciating market can have its rewards.Subscribe to this Blog: Joe Manausa, MBA, CRB, CRS | Broker / Own...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
One topic of conversation that we have all of the time with our Tallahassee Home Buyers references the importance of obtaining a home warranty during the purchase of a home. While it is an added expense at closing, often times, the value is well more than the cost incurred. Since this is an benefit that many buyers are not aware of, I figured I would review the basics of a home warranty.A home warranty is a service contract, usually covering one year, which helps protect homeowners against the cost of unexpected covered repairs or replacement on the major systems and appliances that can break down due to normal use. Typical warranties cover such systems as the heating and cooling, electrical systems, plumbing, water heater, oven, range, dishwasher, garbage disposal, and all major applia...
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