Okay 2010 SLOW DOWN! I'm certainly ready for spring but I swear there are no longer 24 hours in a day! I used to be able to accomplish most of the important things within that time span, now it just seems I get started and the day is over!!!!! I'm praying its not just me!!
____________________________________________________ Sacred Heart Hospital is having an open house this coming Saturday. I've talked to some folks who have already toured the facility and they say it is quite impressive.
I've attached a photo of the new facility! ___________________________________________________ On the REAL ESTATE FRONT: We haven't sold condos for several years, but we sure are now! Starting at $119,000 you don't have to wonder why! These are new condos just one block from the beach. Very nice complex with a beautiful pool. The majority of units are in the $140K range for 2 bedrooms and $160K range for the 3 bedrooms. HOA fees are a stumbling block for a lot of buyers. The 2 bedrooms in the particular development above have HOA fees of $395/mth, the 3 bedrooms are $606/mth. However keep in mind this pays for insurance for the building + water/sewer/trash (A $100/mth bill)+ basic cable. Your only bill would be electric + if you wanted a phone line or an upgraded cable line. You also have no maintenance----no more having to spend your vacation weekend mowing the yard, weeding, pressure washing, painting trim............. That is worth it alone for a lot of buyers who are buying these to use once a month or more. Waterside Condos ________________________________________________________ If you are looking for NEW single family homes in the area and just haven't been able to find what you are looking for......you may want to consider buying a lot and building.
Lot prices are starting around $30k and on up. Construction prices are around $100/sq ft. Can't beat that pricing to have a brand new custom home!!!! ______________________________________________________ SHORT SALE is the current buzz word in the real estate market and I've blogged on short sales many times. In a short sale the seller is "upside down" on their mortgage (they owe more than the property is worth), they have stopped making payments and are trying to sell it for less than their mortgage amount. The lender has to approve the offer in this case and they are the ones who actually determine the selling price. The lender knows that in order to sell the house, they must sell at market value. So they are 99% of the time releasing the property for much less than what is owed. However, that doesn't mean they are releasing the seller from any liability. Sometimes they are! Sometimes they ask the seller to sign a promissory note for the balance or part of the balance and sometimes they file a deficiency judgment against the seller. If you want more explanation of short sales, let me know and I'll be glad to discuss it further with you! For today, my point in bringing it up is on the buyer's end! Just because its a short sale doesn't mean you can get it for well below market value. The bank knows what its worth (because they ask us) and they are going to require fair market value or at least very close to that value. If you aren't willing to pay that, somebody else is. You are still getting a good deal!! Because the short sale process takes several months (many months in some cases) to complete with a lot of work by the agents, it is somewhat fruitless to put in a really low ball offer if you aren't willing to pay close to fair market value. I understand coming in a little low and letting the bank counter back, but please be willing to pay what they ask. It's a reasonable price! Your Realtor can show you the comparables to let you know what the fair market value is!!
___________________________________________________________________ Some more Bible study humor for you: THE LORD IS MY SHEPHERD
> A Sunday School teacher decided to have her young class memorize one of the most quoted passages in the Bible - Psalm 23. She gave the youngsters a month to learn the chapter. Little Rick was excited about the task - but he just couldn't remember the Psalm. After much practice, he could barely get past the first line.
>On the day that the kids were scheduled to recite Psalm 23 in front of the congregation, Ricky was so nervous. When it was his turn, he stepped up to the microphone and said proudly, 'The Lord is my Shepherd, and that's all I need to know.'
>
>UNANSWERED PRAYER
>The preacher's 5 year-old daughter noticed that her father always paused and bowed his head for a moment before starting his sermon. One day, she asked him why.
>'Well, Honey,' he began, proud that his daughter was so observant of his messages. 'I'm asking the Lord to help me preach a good sermon.'
>'How come He doesn't answer it?' she asked.
>
>UNTIMELY ANSWERED PRAYER
>During the minister's prayer one Sunday, there was a loud whistle from one of the back pews. Tommy's mother was horrified. She pinched him into silence and, after church, asked, 'Tommy, whatever made you do such a thing?'
> Tommy answered soberly, 'I asked God to teach me to whistle, and He did!' ___________________________________________________________________ Don't hesitate to call me if you have any questions about buying or selling! There are some great deals out there!!! Mary
850-896-5222
www.maryblackburn.com
Mexico Beach Sundance Realty
Mexico Beach Fl real estate on Facebook
__________ Information from ESET NOD32 Antivirus, version of virus signature database 4909 (20100302) __________ The message was checked by ESET NOD32 Antivirus. http://www.eset.com
____________________________________________________ Sacred Heart Hospital is having an open house this coming Saturday. I've talked to some folks who have already toured the facility and they say it is quite impressive.
I've attached a photo of the new facility! ___________________________________________________ On the REAL ESTATE FRONT: We haven't sold condos for several years, but we sure are now! Starting at $119,000 you don't have to wonder why! These are new condos just one block from the beach. Very nice complex with a beautiful pool. The majority of units are in the $140K range for 2 bedrooms and $160K range for the 3 bedrooms. HOA fees are a stumbling block for a lot of buyers. The 2 bedrooms in the particular development above have HOA fees of $395/mth, the 3 bedrooms are $606/mth. However keep in mind this pays for insurance for the building + water/sewer/trash (A $100/mth bill)+ basic cable. Your only bill would be electric + if you wanted a phone line or an upgraded cable line. You also have no maintenance----no more having to spend your vacation weekend mowing the yard, weeding, pressure washing, painting trim............. That is worth it alone for a lot of buyers who are buying these to use once a month or more. Waterside Condos ________________________________________________________ If you are looking for NEW single family homes in the area and just haven't been able to find what you are looking for......you may want to consider buying a lot and building.
Lot prices are starting around $30k and on up. Construction prices are around $100/sq ft. Can't beat that pricing to have a brand new custom home!!!! ______________________________________________________ SHORT SALE is the current buzz word in the real estate market and I've blogged on short sales many times. In a short sale the seller is "upside down" on their mortgage (they owe more than the property is worth), they have stopped making payments and are trying to sell it for less than their mortgage amount. The lender has to approve the offer in this case and they are the ones who actually determine the selling price. The lender knows that in order to sell the house, they must sell at market value. So they are 99% of the time releasing the property for much less than what is owed. However, that doesn't mean they are releasing the seller from any liability. Sometimes they are! Sometimes they ask the seller to sign a promissory note for the balance or part of the balance and sometimes they file a deficiency judgment against the seller. If you want more explanation of short sales, let me know and I'll be glad to discuss it further with you! For today, my point in bringing it up is on the buyer's end! Just because its a short sale doesn't mean you can get it for well below market value. The bank knows what its worth (because they ask us) and they are going to require fair market value or at least very close to that value. If you aren't willing to pay that, somebody else is. You are still getting a good deal!! Because the short sale process takes several months (many months in some cases) to complete with a lot of work by the agents, it is somewhat fruitless to put in a really low ball offer if you aren't willing to pay close to fair market value. I understand coming in a little low and letting the bank counter back, but please be willing to pay what they ask. It's a reasonable price! Your Realtor can show you the comparables to let you know what the fair market value is!!
___________________________________________________________________ Some more Bible study humor for you: THE LORD IS MY SHEPHERD
> A Sunday School teacher decided to have her young class memorize one of the most quoted passages in the Bible - Psalm 23. She gave the youngsters a month to learn the chapter. Little Rick was excited about the task - but he just couldn't remember the Psalm. After much practice, he could barely get past the first line.
>On the day that the kids were scheduled to recite Psalm 23 in front of the congregation, Ricky was so nervous. When it was his turn, he stepped up to the microphone and said proudly, 'The Lord is my Shepherd, and that's all I need to know.'
>
>UNANSWERED PRAYER
>The preacher's 5 year-old daughter noticed that her father always paused and bowed his head for a moment before starting his sermon. One day, she asked him why.
>'Well, Honey,' he began, proud that his daughter was so observant of his messages. 'I'm asking the Lord to help me preach a good sermon.'
>'How come He doesn't answer it?' she asked.
>
>UNTIMELY ANSWERED PRAYER
>During the minister's prayer one Sunday, there was a loud whistle from one of the back pews. Tommy's mother was horrified. She pinched him into silence and, after church, asked, 'Tommy, whatever made you do such a thing?'
> Tommy answered soberly, 'I asked God to teach me to whistle, and He did!' ___________________________________________________________________ Don't hesitate to call me if you have any questions about buying or selling! There are some great deals out there!!! Mary
850-896-5222
www.maryblackburn.com
Mexico Beach Sundance Realty
Mexico Beach Fl real estate on Facebook
__________ Information from ESET NOD32 Antivirus, version of virus signature database 4909 (20100302) __________ The message was checked by ESET NOD32 Antivirus. http://www.eset.com
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