This lot is one of a few remaining in the desirable Seaclusion Beach subdivision. Bid-a-wee dedicated beach is just a short distance from the home site. Bring your plans and become a new resident. Close to golf, fishing, shopping and the new Pier Park. Easy access from front and back beach road. All sizes are approx please verify independently. NORTHWEST FLORIDA BEACHES INTERNATIONAL AIRPORT www.newpcairport.com Front view look in west at lot. View of lot just past the Sago palms. Another street view showing the neighborhood. 01/29/2010

Hello all... I had a very good question asked from one of my customers the other day, and thought it would make for good public knowledge... We just had a closing at one of our High Pointe (Hwy 30A) units fall through due to financing.  We were told that "hotel-like" properties are difficult to finance.  Have you had any experience with this sort of situation? The answer is.... YES, that is absolutely true. If your complex offers on site rental mgmnt, or short term (nightly) fees...it is now classified as a "Condotel" through a lender's eyes!This has been a big problem in this area, because the only terms you can get on these type units right now have higher rates and require 20-30% down...Also, it is almost impossible to get a FIXED rate on these making it even less attractive for buye... 01/22/2010

01/13/2010

An inspection is essentially a “visual snapshot” of a home’s condition as it exists at the time of the inspection, and that condition is described in a comprehensive written report not a check list.   An inspection consists of a non-invasive physical examination of a home's systems, structures and components intended to identify material defects that exist at the time of the inspection. The heating and cooling equipment is activated along with operating plumbing fixtures, testing accessible electrical outlets and fixtures, and operating a representative sampling of doors and windows. A visual inspection of the roof, crawl spaces, walls and drainage adjacent to the home are included.    An inspection is NOT any of the following: ·      not a code inspection, ·      not an FHA/VA inspecti... 12/29/2009

After a week off for Thanksgiving I have plenty of good news to report since my last update. Last week, the National Association of Realtors reported that, for the month of October, existing home sales surged 10.1% to a seasonally adjusted annual rate of 6.1 million units – far exceeding the 5.7 million units most economists expected. Also last week, the S&P Case/Schiller Home Price Index showed that home prices nationwide rose 3.1% in the third quarter, matching a 3.1% increase in the second quarter and marking the second consecutive quarter prices have risen. In a similar report of local interest – the Florida Association of Realtors reported that Panama City Beach condo prices actually rose 3% in October over 2008, the first increase this year, and sales of condos were up 88% in Octo... 12/01/2009

This corner lot in  Riviera Beach, Panama City Beach, Florida was just approved for short sale.  This property is near Rosemary Beach Florida..Lender:  Wells FargoMortgage Balance:  $275,000 apprSale Price:  $50,000 apprFaxed short sale package:  November 16Received Approval:  November 24 Approval Time: 8 daysPromissory Note: NoneCash Contribution:  None Sales Factors: Complete short sale package, realistic offer price, legitimate hardship, serious buyer.If you need to sell your home as a short sale in Seaside, Seagrove Beach, Watercolor or Rosemary Beach, Florida, it is best to hire an experienced short sale agent. It's Wendy! Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc. Seagrove Beach Real Estate Seagrove Beach, Seaside, Watercolor Short Sales & Pre Foreclosure ... 11/24/2009

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. On Wednesday the Commerce Department reported that permits for new ... 11/19/2009

November 5, 2009 Making your mark on this world is hard. If it were easy everybody  would do it. But it's not. It takes patience, it takes commitment, and  it comes with plenty of failure along the way. The real test is not  whether you avoid this failure, because you won't. It's whether you  let it harden or shame you into inaction, or whether you learn from  it; whether you choose to persevere. ~ Barack Obama      Rates are still low and home prices are affordable. Please give me a call so we can start your new home search today!    Lynn is a licensed Realtor in Florida and Georgia.    11/05/2009

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. I... 11/03/2009

  Quote for October 30, 2009 People who consider themselves victims of their circumstances will always remain victims unless they develop a greater vision for their lives. ~ Stedman Graham   Quote for October 31, 2009  Success demands singleness of purpose. ~ Vince Lombardi  Rates are still low and home prices are affordable. Please give me a call so we can start your new home search today!      Lynn is a licensed Realtor in Florida and Georgia.       10/30/2009

Millionaire Real Estate Agent business planning clinic coming to Panama City Florida on December 1 and 2, at the Bay County Association of Realtors. This 2 day clinic will help real estate agents complete a business plan based on The Millionaire Real Estate Agent and the Shift books by covering the 4 models of the MREA.... Gene Rivers will be the instructor, if you have never met Gene or been to one of his classes, you NEED to attend this clinic. Send me an email with questions or RSVP to LynnBoyd@KW.com.     Lynn is a licensed Realtor in Florida and Georgia.     10/29/2009

There is a Heifer in my yard!!!       Why???   Because... Wherever there is hunger, poverty, and hopelessness, a program called Heifer International can provide animals and the training to manage those animals. Help comes with cows, water buffalo, sheep, camels, pigs, donkeys, beehives, goats, ducks, rabbits, geese, chicks, and even llamas. Needy families in Asia, Africa, South America and North America (including the USA) receive healthy, hardy animals, which improve life for countless parents and children. Heifer's gifts of animals offer marketable products of milk, eggs, meat, wool, draft power, and other benefits that can be used to provide improved nutrition, health, and income for resource-poor families. Each family agrees to "pass on the gift" by giving one of its animal's offspr... 10/22/2009

Are you looking for a beach house within walking distance to the shimmering white sands of the Gulf of Mexico?  Look no further!  This home is back on the market and now's your chance to get a great deal on a short sale.   Rates are still low and home prices are affordable. Please give me a call so we can start your new home search today!      $140,000   Residential - DSF MLS#: 390311 OfficeFile#: ListPrice: $140,000 Status: Active Last Change: 10/21/2009 ApproxSF: 1,840 Address: 6708 SUNSET AVE $/Sqft: $76.09   PANAMA CITY BEACH, FL TotalRooms: Bedrooms:3 Zip: 32408 Baths Full/Half: 2/0 Con Docs:   Ownership/Sale Type: Short Sale MainArea: 03 BB-Bay County-Beach Stories: 2 SubArea: 0309 - South of Grand Lagoon YearBuilt: 1972 Subdiv: HOLIDAY BEACH UNIT 6 OccStat: Vacant ParcelID: 30752... 10/21/2009

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. There has been renewed volatility in rates over the past couple of weeks but the day to day ups and downs have always offset leaving rates virtually unchanged. I am still somewhat surprised that twelve month highs in the equity markets would have not dampened demand for bonds but so far we are not seeing it. As long as there is robust demand for bonds rates will r... 10/21/2009

Mortgage rates remain at near eight month lows as strong demand in the bond market drove the yield on the ten year Treasury note below 3.20% before rising slightly to 3.25% today on a renewed rally in stocks. The rate on the benchmark thirty-year is hovering right at 5% with no points and the fifteen-year stands at 4.375. Thirty-year rates actually were pushing 6% back in the spring so this is quite an improvement and rather unexpected. The general consensus has been that as the economy pulls out of recession and as signs of economic growth become more evident, rates would rise as inflationary pressures mounted but this has not materialized. As lingering fears over the shape of the US and world economies has driven the price of gold to a record $1,039 and ounce today, the dollar is flat... 10/07/2009

I just talked with a good contact of mine in the short sale department at Bank Of America and she confirmed that BofA is now going to use REO Trans for the short sale files.  We will be able to upload the files and the seller will also be able to upload their files to the system.  In addition, there will be tasks assigned along the way.  Hopefully this will make for a much smoother system with less lost files and quicker approval times.  I would assume that their will be a learning curve on both sides but this in my opinion is a step in the right direction. For all of your short sale needs in Panama City and Panama City Beach, please don't hesitate to call us at 850-392-1770 or email me at jeff.payne@kw.com and of course visit our short sale website at www.shortsalesinpanamacity.com To ... 10/05/2009

We have had some good news on the housing front over the past week as the National Association of Homebuilders reported that builder confidence rose in September for the third consecutive month to its highest level since May of 2008. The Census Bureau also released a report on August home starts that showed builders broke ground on 598,000 new homes, up 1.5% from July. The good news was tempered, however, by a surprising drop in the number of single family home starts. While overall starts were up, thanks to a resurgence in multi-family property starts, single-family starts actually fell 3% in August. Some analysts suggested the drop in single-family home starts could simply be an anomaly and point to the overall report as yet another sign that the housing market has bottomed. Late this... 09/25/2009

In his first public speech since taking over as CEO of Fannie Mae, Michael Williams painted a hopeful but difficult road to recovery for the housing market. Speaking before the Exchequer Club in Washington, Williams said the market over the past twelve months has had a “very, very, tough year.” Anyone looking objectively at the economy and the housing market sees hope,” he said, adding “The patient is out of intensive care but still has a very long road ahead to a clean bill of health.” He predicted foreclosures would continue to climb this year and that the inventory of foreclosed properties and unsold homes remain at “exceptionally high levels.” Still, Signs of a recovery in housing are undeniable. New and existing home sales have been posting better than expected gains while the numb... 09/11/2009

  The National Association of Realtors reported Tuesday that its index of pending home sales rose 3.2% in July from June marking the sixth consecutive month of increases. Though not quite as high as the 3.6% increase reported in June, July’s increase marks the first time the index has posted six months of increases since NAR began tracking pending home sales in 2001. Economists generally expected a July increase of only 1.5%. NAR Chief Economist, Lawrence Yun, said in a written statement that “momentum in the housing market has clearly turned for the better.” “The recovery is broad-based across many parts of the country,” Yun said. “Housing affordability has been at record highs this year with the added stimulus of a first-time homebuyer tax credit.” Mortgage rates have managed to ease ... 09/04/2009

We have received more good news on the housing market this past week beginning with Last Friday’s report from the National Association of Realtors’ report on July existing home sales which showed a jump of 7.2% over June and up 5% from July of 2008. It was the biggest month-over-month increase in existing home sales since NAR began tracking the statistic in 1999. On Tuesday, the S&P/Case-Shiller Home Price Index showed home prices increased 2.9% in the three months ending June 30th. This was the first quarter-over-quarter increase in three years providing further evidence that the housing market has since bottomed and is on the road to recovery. Late breaking news on new home sales came in this morning which showed a jump of 9.6% in July, the highest level since September 2008.  Mortgag... 08/27/2009