Real Estate News | Pensacola Florida | First Time Buyers | Northeast Pensacola

Real Estate News

1. There are currently 239 residential detached houses for sale in Northeast Pensacola. Of these, 24 are either bank owned, in foreclosure or are being offered as "short sales". There are currently 33 houses under contract to purchase and of these 12 are distressed properties (short sale, in foreclosure, or bank owned).
2. FHA rates are approximately 5% and conventional rates are slightly higher.
3. There are 3,887 houses currently for sale (residential detached) in Escambia and Santa Rosa County.
4. First Time Home Buyer Program: Feb 1^st kicks off a new program designed to help buyers purchase bank owned properties as a primary residence. The houses can be in need of repairs, "as is", because the program will provide the funds necessary to make repairs to the house.

Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola Florida....call or email me for your real estate needs...JackLara@kw.com (850) 554-9543

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