Tallahassee, FL Real Estate News

By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Let Century 21 First Realty help you build a custom home. We've helped hundreds of happy families, and we can help you too. From To To Supply creative input now and then sit back and watch your southern living magazine pages unfold! See the Home Built In Less than Three Minutes! See the full movie with 5 hilarious songs! If you like this Article then please subscribe to my blog by Email. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe through a full RSS feed. Joe Manausa is the Broker and Co-Owner of Century 21 First Realty. He can be reached by clicking on the comments button below, via e-mail through his company website at www.manausa.com, or by calling (850) 386-2001. Add to Onlywire
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
                     I can't believe it's been 12 months since I joined the ranks of the Florida Real Estate Sales Professionals.  Wow, 12 months!!! Seems longer than that!  I've learned a lot over this past year, because as many of you know,  I came from public sector real estate.  That is a whole different ball game from the private market.  Same rules:   different game.When I was driving to work this morning, it struck me it was time for gratitude.... Time to say thanks to some key people that have been helping me learn, avoid mistakes, clean up mistakes, you name it as a newbie to this business.  So here is my list of All Stars for 2007-2008!Tom Jacobs- Thank you for letting me interrupt your thinking to answer my many questions when no one else is around!  I know that can be irrita...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Perhaps the most written-about, most talked-about subject in the national real estate news has got to be foreclosures. If you believe the media, then the neighbor on your left and the neighbor on your right are both being foreclosed upon! So, what is the truth about foreclosures in Tallahassee? Well, foreclosures in Tallahassee are certainly happening at a faster rate than I have seen in the past, but I would not say we are seeing them occur as much as the news media would make you believe. I have found the reports to be so over-stated that I am now tracking the new filings for foreclosures (called a Lis Pendens) on our Tallahassee Real Estate Web Site. This list is available for free to all visitors at http://www.manausa.com and can be found through the menu as seen below: To show you ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
With all the major real estate reporting centers claiming that the Tallahassee real estate market is seeing appreciation, I felt it might be a good time to explain the difference between higher spending and appreciation.As we look at this first graph, we can see that the average home price in Tallahassee appears to be higher (through February) than it has been in years past. While this is good and accurate information, I suspect that many people are using this information to declare that home prices are rising in the Tallahassee real estate market. I think that lower mortgage interest rates in Tallahassee have allowed buyers to buy more home for their money, rather than pay more money for a home. In order to demonstrate this point, I downloaded all the Leon County residential sales from...
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By Gene and Rebekah Rivers, The Rivers Team, Broker/Owner
(Keller Williams Town & Country Realty)
 Hello All, I have had a whirlwind 24 hrs and thought I'd share. I was contacted a few months ago by some folks thinking of selling. They have a beautiful home in a great neighborhood and have kept it in relatively good shape. We met and had a conversation about price and condition. The end result was a hard pill for them to swallow as I strongly recommended some fairly significant renovations. You see, the neighborhood could support a price of $425,000 however to compete at that price point buyers in this market expect certain things: granite or solid surface countertops, newer appliances, neutral fresh paint, and in many instances hardwood flooring (at least through the living areas). The alternative was not only a much lower price (likely in the $385,000 range) but a longer time on t...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Every once in a while, we have a Tallahassee real estate sale that demonstrates the amazing power of the combination of the global reach of Century 21 with the local effort of great people. Here is a classic example of this.I received a late-night call from a U.S. Veteran working in Baghdad. He had received some bad advice on a real estate investment and needed some serious help. Somebody talked he and a friend into buying four new-construction homes to flip and make big money….. So here he was, living in Iraq and losing money in the Tallahassee real estate market! This was during the boom of the market, so the advice he received was truly bad. He turned to the biggest name in real estate, Century 21, for help. He called me from Iraq and I felt an extra special need to help him, as I a...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I received a call from a client yesterday seeking my advice on whether or not the client should refinance a property in Tallahassee. After asking the client several questions, my advice was against refinancing until he had a better understanding of how long he would own the property.Here is how I determined this advice. Questions and Answers About The Tallahassee Mortgage Refinance What is the purpose of the refinance? Lower the monthly payment How long have you owned the home? Four years How long do you plan on owning the home into the future? At least three more years, most likely five or more years. What is your current interest rate? 6.25% Do you currently pay PMI Insurance? No What did you pay for the home? $236,000 four years ago (financed $212,400) What is your current payment (P...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I have been posting the Tallahassee real estate market charts on the Tallahassee real estate web site for the past week. In doing so, I and many readers were observing that the following chart is a bit baffling. As we can see above, it appears that prices are rising…. yet we know inventory has risen and unit sales have fallen. What we expect to see is some downward movement on prices. I asked readers of this blog (and others) for opinions on why this was happening and really none of us had a good answer….. UNTIL Gooch recommended we look at price per square foot. He reasoned that maybe consumers were able to buy more expensive homes due to falling interest rates, but that maybe they were getting more house. So, this next chart is what  Gooch requested. It shows residential home sales in...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I received so much feedback on The Creative Cure For Selling Your Home article that I decided to follow it up with a “how and why” to consider a Purchase Money Mortgage when selling your home. So what is a Purchase Money Mortgage? Sometimes a buyer wants to buy a home and has good enough credit to purchase the home, but is short some of the cash that the lending institution will require to close the loan. In cases like this, the Seller can hold a note for some of the cash and secure it as a secondary lien on the home. When this is done, we refer to the Seller’s second a Purchase Money Mortgage. Let’s consider an example on how this could work.Mr. and Mrs. Smith would like to buy a Tallahassee home. They find that Mr. and Mrs. Jones have the perfect home for sale in Tallahassee and it is...
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By Angie Goodman
(Keller Williams Realty)
 While Tallahassee hasn't experienced the foreclosure rate as the rest of Florida, we have our share of them and short sales.  To help homeowners understand short sales, preserve their credit and avoid foreclosure and to help buyers understand the specifics of purchasing foreclosed properties, I am conducting a seminar on Saturday, May 3, 2008 at 10:00 a.m. at the Keller Williams Realty office at 1520 Killearn Center Blvd. here in Tallahassee.Interested individuals can call me at 850-321-4666 to register or inquire for more information. Angie Goodman, CRS, SRES
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
Interested in Composting but don't know how..? Come on down to the Turkey Hill Farms When:This Sunday (March 30th), from 1-5pm. There will be demonstrations on worm bins and composting, and more than enough knowledge and information to help you get started on the right foot. Email turkeyhill@earthlink.net for more information. Registration is not necessary. Alex Mordas, M.Sc.EcoBroker® & REALTOR®LEED for homes, Field AgentGreen Home Certifying Agent, FGBCwww.tallahassee-ecobroker.comalexmordas@kw.com(850) 559-4976 
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By Mike Carlos, Realtor, Tallahassee FL
(Keller Williams Town & Country Realty)
After 4 years with the RE/MAX Real estate franschise, I decided to make a big change and move KELLER WILLIAMS REALTY.  I felt this company was a better match for me with their progressive thinking and greater local market presence.  I look forward to continued sucess in the Tallahassee Real Estate Market and look forward to putting together a great team of motivated individuals.  If you have any questions about my move or want to know more about KELLER WILLIAMS call (850) 656-9080 or e-mail me at MikeCarlos.Realtor@gmail.com
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By Katerina Gasset, Get It Done For Me Virtual Services
(Get It Done For Me Virtual Services )
Tallahassee Florida short sale for sale for the best buy price of $209,000.  If you are looking for a great 4 bedroom, 2 bathroom home just outside of town on nearly 1/2 acre of land in a secluded and private setting than this home is just the home for you. This home is a great place to raise your family of kids and pets. This home is a newer home built in 2003 and has nearly 2000 square feet.  Enjoy a great oversized family room that is 28x15. Feel the spacious floor plan complete with vaulted ceilings, laminate wood floors, upgraded lighting and fans, wood burning fireplace and a formal dining room with arched doorways.    This seller chose us to list his house with us because of our short sale experience and he found us through our Active Rain blog. I wrote a post when we first got t...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
   Roughly a year old, the Capital City Chapter of the US Green Building Council is off to a great start! One of the nations newest chapters, Capital City USGBC is already holding numerous events, recruiting heavily, and providing a valuable resource to both the building/real estate community and the general community at large. Founding member Christina Newburgh of Barkley Engineers, and a few other dedicated individuals have worked hard to get this group off of the ground. The group is in the process of obtaining 501(c)(3), and is actively seeking members who wish to participate on it's committees. The next upcoming event will be the USGBC-FCRC Product Fair:   April 22: 5:30 to 9:30 PM | USGBC-FCRC Product Fair     Location: Leon County Civic Center Ballroom (505 West Pensacola St.)   ...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
  Got kids? Need something to do this weekend? Come on down to Tallahassee's 40th annual Springtime Tallahassee Festival!!!  Voted one of the top 20 events in Florida, Springtime Tallahassee draws great crowds, and is one of the largest festivals in the Southeast, with a parade of over 70,000 participants! For parents, the Children's park is a great resource, as are the 4 local entertainment stages.  For more downtown Tallahassee open-air events, check out the events list here 
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
 Climate Action Summit         FRIDAY, MARCH 28 In a collaborative effort cosponsored by the City of Tallahassee, the Tallahassee Democrat, the Environmental Defense, & Leon County, local and regional professionals and individuals working towards a sustainable future will convene in the Tallahassee Civic center, this Friday. The summit is designed to "promote strategies for citizens, neighborhoods, civic groups, businesses and governments to help reduce our region's contribution to global warming." For more information, go to http://www.leoncountyfl.gov/growinggreen/ Anybody is welcome. Please come on down and support the growth of a sustainable Tallahassee! If you are interested in green homes and green living in Tallahassee, please come on by my booth. Time & Location:8:30 a.m. to 5:0...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Here they go again! The long-term mortgage rates are dropping again. We reported this in our January edition of the Tallahassee Real Estate Blog. Again, the historical graph shows that the thirty-year fixed-rate mortgage (FRM) average 5.87% for the week ending last Friday, down from 6.13% the previous week. Freddie Mac (NYESE:FRE) reported yesterday that mortgage rates fell due to various actions which were taken to improve market liquidity, as well as a weaker inflation report and slower consumer spending..... So what does this mean for the Tallahassee real estate market? Cheap Money In Tallahassee! If you are not buying a home in Tallahassee, you should consider refinancing your Tallahassee home now, while rates are this low. Talk to your Tallahassee Mortgage Lender and find out what...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Well, it is finally started. After receiving so many requests for a permanent location to find real analysis of the Tallahassee real estate market, Century 21 First Realty has created the place! If you want to know more about the current trends in Tallahassee real estate, just following the link! This page will be updated on a regular basis, with weekly summaries and monthly reports that will include charts, graphs, and analysis. As this will be a work in progress, often times you will be able to check out the Tallahassee Real Estate Reports before the summaries are even written. You can also navigate your way to this site for great information on Tallahassee housing. Just go to our Tallahassee Real Estate Web Site (www.manausa.com) and click on the “Tallahassee Real Estate Market Updat...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Today’s Tallahassee Real Estate Blog This has to be a short one, as we have a lot going on in the office today. It is nice to see that plenty of people are still looking to buy a home in Tallahassee! And speaking of buying a home in the Tallahassee real estate market, it looks like people are doing just that. This new chart was created from the most current data from the Tallahassee Board of Realtors Multiple Listing Service. Of particular interest is the blue line and the green line. The blue line is the “pend trend” meaning the trend of new “under contract” homes. This began rising in September of last year and continues to do so. The green line represents the trend of the “consumed pendings” and historically hovers in the 70-80% range. This means that roughly 75% of contracts that ar...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
This is a video of a 5000 square foot home being built from the cleared lot to the finished home.It is also my first attempt at figuring out how to use youtube in my business plan.I would love some feedback on the entire process. Duration, picture quality, music selection, etc.Watch A Home Being Built In Tallahassee By A Class Builder If you like this Article then please subscribe to my full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe by Email.   Joe Manausa is the Broker and Co-Owner of Century 21 First Realty. He can be reached by clicking on the comments button below, via e-mail through his company website at www.manausa.com, or by calling (850) 386-2001.       Add to Onlywire
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