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Tallahassee, FL

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Tallahassee Short Sale Calculator

03-13-12
Mike Carlos Tallahassee FL Realtor
Mike Carlos Tallahassee FL Realtor: Real Estate Agent in Tallahassee, FL
  • view my blog
  • Office: (850) 583-1919
  • Mobile: (850) 251-7397

Team Carlos is proud to now provide a new service to home owners considering a short sale on their home. This new tool called a short sale calculator will help provide some important information and statistics needed to determine if a short sale if the right option.

The calculator will automatically generate the property's estimated current market value and based on some provided information, calculate the current negative equity position and generate a projected time frame it would take for that home to have equity again.

The report is instantle created and emailed to the email address provided so the information is readily available.

This will help turn the emotional decision of a doing a short sale into a calculated financial decision for the home owner.

To use the short sale calculator, please visit www.TallahasseeShortSales.info

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Bank of America Equator Short Sales

03-13-12
Mike Carlos Tallahassee FL Realtor
Mike Carlos Tallahassee FL Realtor: Real Estate Agent in Tallahassee, FL
  • view my blog
  • Office: (850) 583-1919
  • Mobile: (850) 251-7397

Bank of America has received a lot of bad press in years past for the way they have handled loan modification requests and short sales however they have been working hard at improving their process.

Several years ago, they moved their short sale process to an online platform called Equator and now many other lenders like Wells Fargo, Nationstar, GMAC & ASC have followed. This system has streamlined communications and translated into a very structured process that is predictable and manageable however it does require additional education and training from the real estate agent handling the short sale if they have never worked with the system.

Team Carlos has been trained and certified for the Equator short sale system which has played a big role in our ability to handle and successfully close Equator short sales.

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Short Sales and Deficiencies

03-13-12
Mike Carlos Tallahassee FL Realtor
Mike Carlos Tallahassee FL Realtor: Real Estate Agent in Tallahassee, FL
  • view my blog
  • Office: (850) 583-1919
  • Mobile: (850) 251-7397

One of the most frequently asked questions I get from sellers considering a short sale is what is going to happen to the the negative equity or deficiency on the loan as a result of doing a short sale.

The answer depends on a number of factors including your loan type, your lender, the seller's finances and what the property was being used for.

An qualified Realtor who has the proper training and experience professionally handling short sales can help a seller negotiate a full release of liability and deficiency waiver by the seller's lender.

It is important to know that when dealing with a lender with regards to a short sale, the agent and sellers are dealing with a Loss Mitigation department. Their primary job is to minimize the loss on the loan and by nature they are there to help their company, not the seller.

Having a Realtor that fully understand how to approach the process often makes the difference between an acceptable short sale approval and one that leave the seller on the hook for the balance on the loan or not getting the short sale approved at all.

Make sure to ask your Realtor to detail their experience in personally negotiating & CLOSING short sale transactions to make sure that your home sale is not their introduction to short sales.

Team Carlos, Realtors is a top producing real estate team in Tallahassee, FL specializing in short sale transactions. Our team has successfully closed more short sale transactions than any other agent or team in our market area. We have been and continue to be recommended for our short sale services by many highly regarded real estate attorneys.

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The 5 Keys To Ensure You Get The Royal Treatment As A Homebuyer

03-13-12
Joe Manausa - Tallahassee Real Estate
Joe Manausa - Tallahassee Real Estate: Real Estate Brokerage in Tallahassee, FL
  • view my blog
  • Office: (850) 386-2001
  • Mobile: (850) 508-1544

Tallahassee Home Sales Property SearchIf you are looking to see what is currently available for sale in the Tallahassee housing market, then you have come to the right place.

Not only will you be able to view all of the homes for sale in Tallahassee, you can also view a quick Tallahassee Housing Report which will help guide your property search and keep you from making a big mistake when you buy a home in Tallahassee.

There are so many good buys in the Tallahassee housing market today, but that does not mean that everything is a good deal!

By studying what has happened in the recent past with Tallahassee housing, you can be prepared to recognize a great deal from one that is merely a nice house, but not priced as a great opportunity.

Tallahassee Housing Rate At 20+ Year Low

I have not seen any REALTOR reports showing that Tallahassee housing are currently selling at the slowest rate in more than 20 years, but our real estate graph below shows this to be the case.

Tallahassee Home Sales

Two separate data sources were used to create this graph.

The dark green area shows all Tallahassee house sales recorded by the Leon County Property Appraiser, while the light green area shows all house sales in the Tallahassee MLS.

The graph is clear; homebuyer activity is at the lowest level for more than 20 years. As I do not have data going back prior to 1991, and can only use reverse population reports to conclude that sales levels are at the lowest raw levels since the 1950s, and most likely at the lowest relative levels of all time.

Currently, fewer than 8 Tallahassee housing sales close each day, bringing the 10 year daily average down to 15.4. This means that Tallahassee house sales (today) are closing at one half the rate that we have seen over the past ten years! If you are planning to buy a home in Tallahassee, you will be pleasantly surprised.

Buyers Are King In Tallahassee Housing Market

This means that if you are a qualified homebuyer in the Tallahassee housing market, you are the proverbial King of the Jungle! So what should you do?

Here is what I would do to ensure that I get the "Royal Treatment" as a rare homebuyer today:

  1. Choose a real estate company that you know is more than merely a collection of agents (demand to meet the broker)
  2. Require a written Agreement For Services which outlines what the real estate company is going to do for you
  3. Require a Buyer's Service Pledge so that everybody knows the process and benefits to you as the buyer
  4. Meet with a great mortgage originator prior to seeing homes (reduces your chances of becoming emotionally attached to a home that you cannot afford)
  5. Determine the structure of your real estate offer (BEFORE EVEN DECIDING UPON A HOUSE TO PURCHASE)

If you put all of these tips into your plan, you will end up getting a great buy in your local housing market. While you know we can help you with Tallahassee housing, you can also simply drop me a note and I can refer you to the best real estate team in any other real estate market as well.

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What A Recent Market Study Says About The Need For A Real Estate Agent When Selling A Home

03-12-12
Joe Manausa - Tallahassee Real Estate
Joe Manausa - Tallahassee Real Estate: Real Estate Brokerage in Tallahassee, FL
  • view my blog
  • Office: (850) 386-2001
  • Mobile: (850) 508-1544

Sell My HomeWith more than 50% of the homes listed for sale in Tallahassee failing to sell, now might be the moment in time where home sellers most need a real estate agent.

But don't take my word for it, just take a look at what home sellers who have recently sold reveal about whether or not you need a real estate agent.

In fact, when we look at a real estate graph of consumer confidence in real estate agents over the past twenty years, you can see that people believe you need a real estate agent today more than any time in the past.

Difficult Market Raises Awareness Of Why Sellers Need A Real Estate Agent

In the real estate graph below, the red area represents 100% of the closed home sales in Tallahassee. The area that is filled with the logo of the Tallahassee Board of REALTORS measures the sales that have closed in the Tallahassee MLS, thus meaning those sales had real estate agent involvement.

The yellow line shows the "share" or percentage of all home sales in Tallahassee that are recorded in the Tallahassee MLS. Additionally, we know that some home sales that real estate agents do occur outside of the Tallahassee MLS, so the actual level of of real estate agent involvement has to be higher than what is recorded by the yellow line.

Need A real estate agent

So, do you need a real estate agent to sell a home right now? With more than 80% of the homes being sold with one, I suspect the answer is "yes" for anybody who wishes to get the absolute top dollar for a home, in a market where buyers are calling the shots. But there are ways for you to find out for sure.

Do You Need A Real Estate Agent?

If you are thinking about selling a home in Tallahassee, why not take the time to determine if you really need a real estate agent. You could interview several to find out what they are going to do to get your home sold, or you could watch our video about a targeted home selling plan.

Our course, you can always drop me a note and just let me know that you need a real estate agent, and we will help you directly or introduce you to the top real estate agent in your area.

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