Hudson, FL Real Estate News

By April Solomon, Broker/Realtor/GRI
(Keller Williams Professionals)
Experts predict the bottom for Florida's housing market will develop in the final quarter of 2010. The pro-longed economic downturn is taking years to reach a full turn for the better as housing values continue to decline due to the epidemic of foreclosed properties. The foreclosure market is robust, and forecasts indicate the number of foreclosures available for sale will increase in the coming months.  It takes a long time to sell-off a record excess inventory of bargain properties. The surplus is at an all time high and the troubled lending industry is cutting prices to attract buyers.  Experts predict another 3.6-million properties will be foreclosed through 2010. There is more of a risk purchasing foreclosed properties since lenders require that the properties sell   "AS-IS'.  Repl...
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By Daniel J. Hunter
(REALTOR®)
Spectacular Clouds from Hudson, Florida Realtor .               Does every blog have to be Real Estate business? obviously I like to mix it up Could I become a Florida Rainmaker without some Clouds, I wonder? Lovely don't you think How about with some sun shining through can you see the clouds through all the wires? LOL . Daniel J. Hunter, Fruits Real Estate Services Inc. http://www.LoveTheGulf.com http://AgentListingWebsites.com http://www.LoveTheGulfRE.com http://ActiveRain.com/DanHunter http://www.Twitter.com/LoveTheGulfRE http://www.FaceBook.com/daniel.j.hunter http://www.LinkedIn.com/in/DanielJHunter http://www.BrokerAgentSocial.com/DeeJayH  
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By April Solomon, Broker/Realtor/GRI
(Keller Williams Professionals)
The housing market is facing a new downward pressure as holders of sub-prime-mortgage bonds flood the market with foreclosed homes at prices much lower than where many banks are willing to sell.  Experts say this is a bad omen for residential real-estate prices and homeowners trying to sell or re-finance, because the fire sales, many to cover soured sub-prime loans, put downward pressure on nearby homes.  All of this undermines federal efforts to stabilize the housing market and revive the economy. Of all the foreclosed homes sold "2963" sold in the same time average only about 62% of the original loan amount.  Banks on the other hand only manage to sell on "442" that they foreclosed on and their selling price was 69% of the original loan amount. There is so much inventory left that the...
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Best advice would of course be to listen to  mother nature.  Do not plant what does not belong where you live.  There are so many varieties of grasses and plants as well as trees, that it should easy enough to develop a unique and enjoyable landscape for you use, but also one that is easy to maintain in your climate/conditions. Most people I know in my area are frustrated at the brown lawns becuase of the strict water restrictions we have.  Couple the water restrictions with the high temps, and it does not bode well for most landscapes.  Unless you use landscaping suited to such conditions which most people unfortunately do not. And while the term has been around since atleast 1978, most of the Realtors in my office asked what is Xeriscaped when it was added as an option on our profile ...
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For the month of June there are currently 501 properties on the market, as well as 103 Homes under contract.   But only 54 made it to closing for the month.  That equates to a 10 month inventory on the market. Now of the 501 houses for sale, 107 are in some stage of foreclosure (22%) And of the 103 homes under contract, 58 are in some stage of foreclosure (56%) and of the 54 closings, 24 of them were in some stage of foreclosure (44%) There are presently 80 Condo's for sale, with only 3 under contract and only 1 being sold the entire month of June  That would make for almost 7 years inventory levels. Of the 80 condos for sale 9 are in some stage of foreclosure (11%) Yet no condo under contract or that closed in June had any foreclosure issues  which i find very surprising.  So between H...
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111 waterfront Gulf Access homes are currently for sale, and 16 are under contract. And 42 have sold year to date.  That is 7 houses per month which translates the 111 active houses to be 16 months  of inventory Of those 111 homes for sale, 31 are in some stage of foreclosure ( 28%) of the 16 under contract 8 are in some stage of foreclosure (50%) and of the 42 homes sold year to date, 21 were in some form of foreclosure (50%) Daniel J. HunterFruits Real Estate Services Inc.http://www.LoveTheGulf.comhttp://AgentListingWebsites.com http://www.LoveTheGulfRE.comhttp://ActiveRain.com/DanHunterhttp://www.Twitter.com/LoveTheGulfREhttp://www.FaceBook.com/daniel.j.hunterhttp://www.LinkedIn.com/in/DanielJHunterhttp://www.BrokerAgentSocial.com/DeeJayH  
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Hudson, Florida Midyear Real Estate Market Report 702 units are currently for sale in Hudson Florida and there are 115 units under contract but only 286  units sold year to date so that comes out to about 18 months inventory. YIKES! But lets Break that down for a better view of things SFR Currenlty there are 503 Single Family Homes on the market in this little town.  Now of the 115 units currently under contract 102 of them are Single Family Homes.  Not a good time to be selling a condo or mobile. 243 Single Family Homes closed in the first half of the year which equates to about 2 years inventory.  So i expect a good many of the 115 contracts currently on the market, alot of them will not make it to the closing table.  If i was optomistic I would be saying we are seeing a surge in home...
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Hudson, FL Waterfront Gulf Access Real Estate Market Report for MAY I would like to first apologize for leaving this key area out of my previous reports, it will not happen again In May '09 5 waterfront gulfaccess homes in Hudson, FL closed.  That is up 150% from last year (May '08 2 units sold) Now the good news is that as of this posting, 13 homes are under contract which could make for a better June, provided they can actually get to the closing table. now with 105 houses on the market presently, that equates to 21 months inventory on the Water with gulf Access   The current homes for sale range in price from $79,000 for a 720 sqft 2 bed/1bath home, all the way up to $1,275,000 for a 2300 sqft 3/3/2.   That is quite a bit of variety.   If you are interested in perusing the oppurtunit...
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By Daniel J. Hunter
(REALTOR®)
WOW Despite 117 SFR currently on the market offered in some stage in Foreclosre, for the entire month of may only 3 actually closed Condo's only have 88 on the market disclosing the foreclosure, but I suspect the number is higher, much higher.  However, in May NO Condos in foreclosure sold and as for the Mobile homes.  only 1 of them is listed as for sale but in foreclosure, and one actually sold in may while in some stage of foreclosure. I thought alot more short sales and the like were taking place, but i guess they are falling apart before reaching the closing table.  Streamlining of the deal is most definitely in order.  It's not like this is new, the Lenders should be much more efficient than they are. Now for Bank owned properties, this actually surprised me: of 533 active homes, ...
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By Daniel J. Hunter
(REALTOR®)
Currently in Hudson teh worst property there is to sell is a Condo, I am afraid to say While there are only 83 Condo's currently for sale, there are 0 under contract, and only 2 sold in May, down from 5 in April.  That means there is almost 3 1/2 years  inventory on the market 8-( Now in a close second place would be the Mobile Home market in Hudson.  While there are only 66 mobile homes for sale currently, in May only 3 sold, down from 5 in April.   And there are only 5 units under contract presently.  That equates to 22 Months, almost 2 years, inventory on the market. Now the Silver Lining on our dark cloud down here, If I can call it that, is the Single Family Residences.  While there are actually 533 units offered for sale, there are actually 112 under contract.  But the 'under cont...
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So which is  appropriate for a REALTOR®?  As a Stock Broker trained on Wall St., specifically 90 Broad St, I was groomed in the buy or die philosophy of the hard sell.  You keep closing the prospect until they open an account and buy stock, or hang up the phone.   this is the tried and true Straightline Pitch taught in every brokerage house/Investment Bank in the High net worth individuals division.  And as you can tell Brokers make fortunes despite the fact that the High net worth Individual that is targeted knows the script as well as, if not better than, the Broker pitching him the stock.  As a result many objections are expected prior to a sale.  In fact most brokers will not submit a purchase order if there were not atleast 5 objections before caving in.  You are proving yourself w...
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By Daniel J. Hunter
(REALTOR®)
Not sure how it happened but this is an Illusion.  Most likely the Wrong setting on the camera, but made for one hell of a picture . .
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By April Solomon, Broker/Realtor/GRI
(Keller Williams Professionals)
1.  THINKING YOUR HOME IS THE EXCEPTION:  It's natural to be emotionally attached to your home, especially if you have lived there for a long time.  But allowing this affection to obscure the realities of today's current market conditions is a serious mistake.  If your local market is declining in value, you will need to price your home at a competling level.  This will require a painful decision: to price the property at or below comparable homes in the area, even if the price point is less than what you think your home is worth. "There are still sellers out there who think that their house is the exception to the current market conditions.    "They think that the other houses that are on the market are really overpriced, yet when you get to their house, they think it should have a hig...
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By April Solomon, Broker/Realtor/GRI
(Keller Williams Professionals)
A short sale is when the lender allows you to sell your house for less than what you owe.  Lender's prefer it to a foreclosure which is a legal process for them to take back the title to your house.  Foreclosure can take up to a year after you stop making payments and will cost the lender more than if you participate in a short sale.  Below I have answered several important questions about the foreclosure process and what the term "short sale" means.   Q.  When does the lender realize that there is a problem? A.  As soon as you are 30 days late, the lender will call and send collection letters.  At 90 days late most lenders will file a "lis pendens", a written notice that a lawsuit has been filed concerning real estate, involving either the tiltle to the property or a claimed ownership ...
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By Anne Hensel, Realtor - Broker - St. Pete Beach, Treasure Island
(South Beaches Real Estate Professionals)
Hudson, Florida waterfront. Approximately 35 minutes north of Tampa/Clearwater. Great area with waterfront bars, restaurants and manmade beach. Regional Hospital just across us 19. Recreational Facilities close by with pool, racquetball, tennis, soccer and football fields. Much natural beauty in the area.  Two WATERFRONT lots for sale, each approximately 300 by 100 feet.   Conner Drive  in Hudson, Pasco County  Very large for area and serene. Southern lot has tangerine, orange, grapefruit and even a Pecan Tree! Northern has a grapefruit tree. Lots of new building in area. On the next street over named Williams there are 4 new homes planned. Each lot has a manufactured home. Use as is or build new home. possibility of gulf views with raised homes.  Water access via smaller waterfront lot...
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