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Turn off the television! The opinions of the “Experts” are only guesses based on their orientation or their perception of the market. A recent survey stated that nearly 80% of all stock trades are emotional, I dare say the same is true of real estate. Yet these TV Bozos continue to raise havoc with our economy based on their selfish need to generate advertising revenue and keep their jobs.
The advertisers will only pay premium rates for the shows that are being watched. The news shows keep pouring out the bad news and bad perceptions and everyone sits on the edge of their seats watching and waiting for the sky to fall. This makes the advertisers very happy because Continue reading →
Posted in Destin Florida Real Estate Foreclosure, Destin Florida Stimulus Tagged Destin Florida Real Estate Stimulus Plan, Destin Florida Short Sale Leave a commentEmerald Towers – Condominium – Destin Florida. Completely updated, beautifully appointed 3 bedroom 1,700 sq ft Gulf Front Condo – end unit – gated property.
Posted in Foreclosure, Real Estate Stinulus, Short Sale Florida Tagged Destin Florida Foreclosure, Destin Florida Short Sale Leave a comment6 Bedroom Resort Property reduced from $1,190,000 for a quick sale. Great Gulf Views, annual gross rental income between $60,000-70,000
- Foreclosure – Short Sale REDUCED $445,000
- Another view of the property
- Plenty of room for Entertaining
- What A Great Room
- Interesting Seating Arrangements
I sell residential properties in Destin Florida, these are resort properties, second homes and income producing vacation properties along the Gulf of Mexico. I have done this since Hurricane Erin & Opal, during Hurricane Ivan and since Hurricane Katrina. Let yo in on a little secret people love the Destin Beaches and they are not going to stop loving the Destin real estate.
What do you think happens when you buy real estate? Talk about the good Ronald Regan “Trickle Down Economics”; it affects everyone from the sellers to the lenders to the grocery store clerks to the waitresses, it affects just about every facet of our economy. Housing, not the stock market, not the auto industry and not the oil industry drives this economy.
The sooner we get it, the sooner we get our arms around it the sooner the greed ends and the sooner we realize that we are all Americans-Neighbors-Family the sooner this economy will recover.
I still am talking with a lot of sellers who still say “I’m not going to give it away” and I still am hearing from buyers saying “I haven’t seen the housing market hit rock bottom”. Frankly I have to tell both of them Continue reading →
Posted in Destin Florida Stimulus, Real Estate Stinulus Tagged Destin Florida Real Estate Stimulus Plan Leave a commentDoes a homeowner have to be behind in payment to start a short sale?
No, they don’t need to be behind, but they should have a valid hardship and be able to show that they will soon start missing payments if the short sale is not approves within a set timeframe. For example if they know they will miss payments in March once their loan adjusts and the bank is not willing to approve a loan modification to keep their rate from adjusting.
Hello is it true that once you open Escrow you have to create a fake offer in order to get the BPO this is what escrow is telling me on 4 properties I just got listed for short sale?
In some cases the answer would be yes, you will need an offer before the lender will order the BPO. We usually submit the file without an offer if we do not yet have one and in some cases they will assume an offer is in the packet and move forward with the BPO. In other cases, we tell the lender the offer will be faxed to them once we get the estimated HUD from escrow but that we think they had better order the BPO because “we have a good offer and don’t think this buyer will wait around for more than a couple weeks”.
It is not good to submit fake offers, but, if you have an investor that will make an offer on any property you list, take advantage of that. Continue reading →
Posted in Destin Florida Stimulus, Real Estate Stinulus Leave a comment
