Davis Signature Realty LLC has compiled the following August 2009 Market Report for Clermont Florida from data gathered from the Mid Florida Regional MLS.
For homes that have been sold, I used the dates between July 31, 2009 and September 1, 2009. Residential had 103 closed deals in August and Vacant Land had 4. The Commercial Market was non-existent in August.
I also wanted to see how the non-distressed properties were doing. You hear all the "experts" saying that if you aren't distressed, you won't be able to sell your home in this market. I used three categories: REO/Bank Owned/Lender Owned, Short Sales and Non Distressed. In the Mid Florida Regional MLS, there is a special provision for a listing if the home you have listed is REO/Bank Owned or a Short Sale. If there was no provision, I glanced through the listing and placed the home in the non-distressed category. Here are the results:
The REO/Bank Owned/Lender Owned and short sales are still outselling the non-distressed homes, but the margin isn't as large as you might have expected.
If you are reading this and you are a distressed seller, I am a Certified Short Sale Professional. Call me today for your FREE consultation!
Johnny Davis
Broker/Owner
Davis Signature Realty LLC
321-231-4141
A friend of mine at church was asking about the activity and sale prices for her subdivision, Oak Valley. Oak Vally is located in Minneola Florida, right off of Hwy 27. Below, you will find the stats for Oak Valley that was compiled by Davis Signature Realty LLC using information from the Mid Florida Regional MLS.
July Market Report for Minneola Florida Subdivision: Oak Valley
All of the information below, occured in July 2009.
New Listings: 1
Pending Listings: 3
Sold Listings: 1 (Short Sale. 1215 Windy Meadow Dr. 4/2 1788 sq. ft. $100,000.)
Since the July statistics didn't show much activity, let me show you the sold listings for all of 2009 for Oak Valley.
Sold Listings: 27
The average size sold house is 1832 square feet. The average sold price is $125,509. The average per square foot price is $68.52.
Johnny Davis
Davis Signature Realty LLC
Broker/Owner
Certified Short Sale Professional
I went to the Tower Eatery in Clermont Florida today for lunch. I was looking for a place where I could get a decent meal that abides with my P90X nutrition plan (for more on the P90X nutrition plan, follow my progress here: http://operationbodyrestoration.com).
I knew I wanted something with turkey, but the same old same old (subway, publix, quiznos, etc...) sounded boring. I had been in the Tower Eatery before and remembered they had some really good sandwiches at decent prices. Plus, I like to support the mom and pop places around South Lake County.
I snagged a menu to show you all what the Tower Eatery has to offer:
Next time you are driving by the Citrus Tower and you are having some hunger issues, stop by the Tower Eatery and support your locally owned restaurant.
Johnny Davis
Davis Signature Realty LLC
Broker/Owner
What is a "Short Sale"? Am I eligible for a "Short Sale"? These are a few questions that I have been asked recently. Actually, ever since I became a Certified Short Sale Professional, I have been getting these questions ever more frequently.
In short, a short sale is when the lender (bank, mortgage company, etc...) agrees to take a lower amount than what you owe to accommodate the sale.
Why would the bank take a lower amount than what I owe? There are actually a few reasons:
Banks don't want your house. They don't want to foreclose on your home. There are a ton of legal fees that are involved in the foreclosure process.
They don't want to get involved in the eviction process.
They don't want to rehab the house. Have you been in any REO homes? Alot of them have been stripped and trashed. I dread showing bank owned homes, because you never know what you are going to find in them. Here is a picture of a bank owned home that I saw on www.uglyhousephotos.com:
With a short sale, the owner is usually still living in the home until it is sold. There is still a bit of "Pride of Ownership". The home owner believes they are "working" with the bank to solve the problem, rather than just dumping the house in the banks lap.
The bank may agree to a short sale because they know that a short sale price may be the highest price they are offered. Banks know that the foreclosed sale price will be significantly lower than the short sale price.
Why should I try to talk the bank into agreeing to a short sale? Why not let them foreclose on me and drop the house in the banks lap? Sometimes foreclosure and bankruptcy are inevitable. However, why not try and help the bank out with the house you purchased? Also, look at it credit wise. If you miss 2-5 months payments while you are negotiating your short sale, recent reports show that your score will drop 30-60 points. If you get foreclosed on, your credit will drop 140-200 points. Recovering from a short sale seems to be a little easier than recovering from a foreclosure.
Am I eligible for a short sale? Are you delinquent or in default? Have you experienced a hardship? The hardship doesn't have to be monumental, but it does have to be proven. You will be asked to fill out a financial statement. Is the value of the property less than what is needed to pay off your loan(s), any liens or encumbrances and all real estate selling costs?
There is also a lengthy package that you will have to fill out and submit to the bank once you receive an offer on your "short sale". Be sure your real estate agent is aware of the package. A poorly put together package can be the difference in your home selling in 3-5 months or a year later.
I hope this has given you a better understanding of what a short sale is.
Johnny Davis
Broker/Owner
Davis Signature Realty LLC
I just got an email from a friend of mine that the Central Florida Kidfest & Family Expo 2009 will be Saturday, September 26, 2009 from 9:00 AM to 2:00 PM. If you are like me, you probably have no idea what the Central Florida Kidfest & Family Expo is. I took a quick glance at their website and found the following tidbits:
There will be child safety highlights that will include: Fire Safety Demonstrations, Child Fingerprinting, Electrical Safety, Child Identification, Car Seat Safety, Firearm Safety, Swimming and Pool Safety and many more safety ehibits.
There will be balloons, ice cream, cotton candy, funnel cakes, food, drinks, face painting (I think I will let my little girl get her face painted for the first time!), clowns and much more!!!
This event has FREE admission.
For more information on this great event, contact Jimmy Williams at 352-394-2855 or email him at jwilliams@celebrationofpraise.net
The event is being held at Celebration of Praise in Clermont.
Hope to see you there!
Johnny Davis
Broker/Owner
Davis Signature Realty LLC
Davis Signature Realty LLC is a Full Service Real Estate Brokerage serving all of Lake County Florida. Recently, I have been certified as a Short Sale Professional. What does this mean for you? I know how the short sale process works and I can guide you through it as smoothly as possible.
Davis Signature Realty LLC is a Certified Short Sale Professional. If you are in foreclosure or pre-foreclosure, don't give up! Give me a call and let me see what I can do for you.
Working with Johnny Davis was such a pleasure.He listened to what we wanted and that's what he showed us. So nice to know someone is listening and not out just for the kill.Johnny answered all emails and phone calls in a timely fashion.The buying was PAINLESS due to Johnny.I highly recommend him to all in the housing market.
Wayne & Betty
Johnny was very helpful during my house-buying experience. He took extra time and effort to educate me on how to find a house that suited me and my needs at a great price. I would recommend him to anybody I know in the market to buy or sell a house.
Ryan
Rural Retreat, Va.
"When we decided to find a house to flip as an investment, we really didn't know where to start looking. Johnny searched out a particular area and started sending out flyers to people whose homes weren't listed on the MLS. To our surprise, we heard back from a man in Pennsylvania who wanted to sell us his home for around 61% of value."
Jenny
Leesburg, FL.
Johnny listed our 2 story, 5 acre home in Clermont and had a buyer for us fairly quickly. We were pleased with his attention to detail and his marketing. This was the first time we had sold a "house" and the process went very smooth. We were even allowed to stay in our house for an extra month at no cost!!!
Johnny & Debbie
Clermont, Fl.
"Johnny has assisted me in finding multiple investment properties with great success. He was very professional and went the extra mile to get things accomplished. On one occasion we were going to look at a property when I saw another plot of land that was more appealing. Johnny located the owner, got her to sell it way below market, and flipped it for me in two weeks. If your looking to find a great deal then I recommend his services you won't be disappointed"
Tony
Clermont, Fl.
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