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Pensacola FLorida Sales and Rental Market Update

11-07-09
Pam Keen
Pam Keen: Real Estate Brokerage in Pensacola, FL

Rentals- We are experiencing more vacancy, alot of inventory, and tenants who are just not as qualified as we would like them to be due to job losses, foreclosures and other financial difficulties that have affected credit scores of our potential renters.

Higher inventory, what can we do to get them rented? Please be assured that we are doing everything we possibly can to get the word out on the internet, word of mouth and in print. Some food for thought if you have a vacant home: Rents must be competitive and your property must be clean and in good condition. If your property manager recommends lowering the rent, painting, carpet or vinyl replacement,removing some outdated wallpaper or paneling, adding a shed or a fence, or other needed maintenance or repairs on a lease renewal or for your recently vacated home, you should consider these things as there are plenty of homes out there and renters are looking for the best value for their money.

Are you considering renters with pets? A large percentage of the population are pet owners. If you will consider pets, how about advertising your home as pet friendly and waiving the pet deposit for a 1 year lease? If renters do not have pets and meet certain criteria, how about offering a lower security deposit?

Real Estate Values- I think our market is at or near the bottom, and since the offering of the first time homebuyer tax credit we have seen the number of available listings drop and prices seem to have stabilized in all but the luxury home and condo market, especially waterfront. If you are considering buying another investment home, now might be the time to do so if the numbers make sense to you.

Behind on payments? If you are having financial problems, you have options. I know that some owners have successfully negotiated loan modifications and short sales on investment property. I have closed a few short sales, have others in progress and have recently completed the classes necessary and have applied for the Short Sale Certification designation from National Association of Realtors. Give me a call to see if I can help.

Not all our sales are bank owned or short sales, I am hopeful that with the extension and additions to the home buyer tax credits available, we will be able to move alot of homes between now and deadline. Any questions, give me a call or reply to this email.

My goal is to be the best management firm in the Pensacola Area and we are here to serve you with all your real estate needs, and that means buying or selling too. I can tell you that the fall and winter months always bring a slow down in our rental and sales market and this year is certainly no exception, but we are doing our best to get those vacant homes sold or rented.

Pensacola Homes for sale and Market Report for October 2009

Charles Stallions Real Estate Services Pensacola Homes -  800-309-3414: Real Estate Brokerage in Pensacola, FL

Pensacola, Florida Real Estate

We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Pensacola, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8

A Snapshot of the Pensacola, Florida Housing Market

Available Homes = 1954

FORECLOSURES/ Short Sales =173

New listings this month = 346

Current Homes Under Contract = 314

Homes Sold In Last 30 Days = 203

Average Days On The Market = 210

Latest Assumption Rate = 18 months (rounded)

Average Sales Price = $142,330

List Price to Sales Price = 95.70%

TIP OF THE MONTH

Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE

Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 6 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Attention Pensacola Sellers, is you agent always HIGH?

Charles Stallions Real Estate Services Pensacola Homes -  800-309-3414: Real Estate Brokerage in Pensacola, FL

Setting A Price

As you interview REALTORS® they may suggest a listing price on your home. Only you can decide what price to set, but you want it to be realistic. The listing price is critical. Set it too high, and you may not find a buyer. Set it too low and you cheat yourself out of money. But never go with the "highest bidder" In other words some agents will tell you that they can get a higher price than another and the fact is a home is worth no more than a current buyer is willing to pay or a seller is willing to take. Here we will discuss several professional ways of determining price.

Appraisal
Regardless of what you originally paid for your home and the cost of improvements you have made, the price your home can command is what the market will bear at the time you decide to sell it. You may consider hiring an independent real estate appraiser. An appraiser has specialized training and experience. Don't rely on assessed valuations made for tax purposes. Such valuations may not be reliable indicators of value as these valuations are made by mass appraisal techniques.

Comparative market analysis
Whether or not you get an appraisal, a REALTOR® can develop a comparative market analysis. This analysis will describe homes in your area that have recently withdrawn from the market. The analysis may compare specific features of your home to others - the value of a corner lot, a city view, or an extra bedroom, for example. The analysis may also point out market fluctuations caused by the opening of a new school or business, for example, as well as long-term trends.

If you do not have a good idea, based on reliable data, of what the price your home can generate, you may decide to set a higher price thinking that if it doesn't sell at first, you can come down. However, if you set it too high, you may keep away buyers who are looking at comparable homes with lower prices. Lowering the price later sometimes gives your home a negative image. On the other hand, you don't want to set the price too low. You may be tempted to set a low price because you feel the pressure of transferring to another town, or you're afraid that your worn carpet will turn away buyers. Be realistic and get advice from your REALTORS®.

Net proceeds
Once you've decided on a price range, the REALTOR® may help you calculate an estimated amount you might net from the sale. If you have owned your home for several years, you may have built up a sizable equity. Equity is the difference between the value of your home and the balance on your mortgage After subtracting what you owe on your mortgage, ask your REALTOR® what costs you will incur in closing. These may include title fees, taxes, a penalty for prepaying your mortgage, brokerage commission, attorney fees, and charges for preparing and recording documents. Finally ask your tax adviser or attorney about the tax implications of your proposed sale.

Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Pensacola, Pace and Gulf Breeze Homes for sale

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Military Appreciation Wednesday November 11th in Pensacola, Florida.

Charles Stallions Real Estate Services Pensacola Homes -  800-309-3414: Real Estate Brokerage in Pensacola, FL

Shari had a great post on Apple Bees Military Appreciation put on by Apple Bees, check it out.Free meal for Veterans! Shari Roberts-Osojnak and I wanted to remind everyone about Golden Corral doing the same. Two year ago I remember me and the wife going to Dinner at Golden Corral and as we approached we saw a line a quarter a mile long and found out about this great promotion.

Although it took over an hour to get to eat I will never forget all the great people we met and we go to say thank you to each and everyone of em.

Kudos and great job to Apple Bees and Golden Corral for this wonder tribute to the greatest people in the world.

Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Pensacola, Pace and Gulf Breeze Homes for sale

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Are you ready for some Ice Hockey Pensacola? Free Tickets

Charles Stallions Real Estate Services Pensacola Homes -  800-309-3414: Real Estate Brokerage in Pensacola, FL

The Pensacola Ice Flyers, our newest endeavor into semi - pro sports are now playing. We will be giving away Free Tickets to this Saturdays game that starts at 7:05 to the firrt four people that call 850-478-8811 and say Go Ice Flyers. This will be done several times throughout the season so check out my blog and make the call. Yes this is a promotion of my blog so there will be a different saying each time or a code.

Single Game Tickets Now on Sale!

Ice Flyers single game tickets are officially on sale. They are available for purchase at the Pensacola Civic Center Box Office or online at TicketMaster via link to the left.

Pricing on single game tickets will be as follows:

  • Glass Level Seats $21.00
  • Center Ice Level Seats $16.00
  • Corner Level Seats $14.00
  • End Zone Level Seats $12.00
  • Upper Balcony Level Seats $10.00

Purchase Season tickets now and save $2.00 per seat per game on Full Season, Half Season and Flex plans, includes all levels of seating except Upper Balcony. Season Tickets can now be purchased thru the "ice Flyers Five Hole Payment Plan. Purchase tickets with a 20% down payment and then pay them off in 4 equal monthly payments November thru February. Must be purchased with a credit card to qualify for payment plan.

Group Tickets are available for groups of 10 or more at a savings of $2.00 per ticket. Contact the Ice Flyers Front Office at 850-466-3111 for more information on group outings, including great meal offers from various dining establishments and Savor Pensacola.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Pensacola, Pace and Gulf Breeze Homes for sale

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation