Wednesday, March 3, 2010

Untitled

The New Navarre Fishing Pier is Nearing Completion

The nice thing about my office being on the beach is I can take a break and see what is going on. Today I took my camera and took a picture of The new pier.

It's Tuesday and I have already had a busy week I worked with really nice family we found them a bank owned house which was price almost 33% less than the comperable homes. The only thing that was missing was the appliances. It has Granite counter tops security system, huge rooms, fireplace downstairs master suite. I also leased a commercial building and trying to find a short term rental for a new customer.

It took us 3 months to find this Home. We had just made an offer on a short sale and the owner turned us down not even the bank. I had done a CMA and our offer was in line with the previous sale but the owner thought it was worth more than we offered. This family will most likely have built in equity a rarity in today's market. This house was price so low you could not afford to build it for what they where asking.

Some say it is a bad Real Estate market. I say it is nether good nor bad it is what it is. This buyer was smarter he made calculation of what he could afford and we look at properties in his price range and made offers, got turned down but did not get upset. He was like the the barber with a long line on Saturday mornings. "Next"

The Fishing Pier will be open in two months. Fishing has some similarities to home shopping it take preparation, timing, skill and opportunities. If you caught fish every time you went, they would call it catching not fishing.

links to properties near fishing pier

Navarre median sales prices

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Tuesday, March 2, 2010

USHUD.com, Heavy Hammer Inc. Predict Foreclosure Rates Doubling in 2010

USHUD.com, Heavy Hammer Inc. Predict Foreclosure Rates Doubling in 2010

ANNAPOLIS, MD -- Foreclosure experts at www.USHUD.com and Heavy Hammer Inc. see a confluence of factors driven by financial industry practices and changing government policies and regulations exacerbating an already devastated housing market in 2010. The resulting effect will be a doubling of real estate foreclosure rates in this year.

The first and most obvious factor is the unemployment rate that continues to languish in the 10 percent range nationally, and often much higher regionally. Similar unemployment rates have historically affected 20 to 30 percent of home owners' ability to make their scheduled mortgage payments.

The second factor is the significant constriction of lending due to tightening mortgage requirements, according to www.USHUD.com CEO Michael Urbanski.

"The mortgage pendulum is now swinging too far to the opposite spectrum of what we saw at the height of the real estate market," Urbanski said. "Lending institutions are creating hurdles so high that it will put qualified homebuyers back six to 12 months in the buying cycle."

Urbanski also reports struggling homeowners who seek loan modifications are increasingly experiencing difficulties qualifying for programs that could stave off foreclosure. "The current qualifications are so absurd they require the home owner to prove that they do not need a modification in order to get one," said Urbanski. Even the administration has announced new, stricter documentation requirements beginning June 1 for its Making Home Affordable program, which has seen underwhelming results since its inception last March.

Citing a National Association of Realtors study that finds the average U.S. home depreciated 12 percent year-over-year from 2008 through 2009, Urbanski says selling will become an impossible proposition for a growing number of underwater homeowners.

"Watch the horizon," said Urbanski. "Left unchecked, the perfect storm may be only one more bad policy away."

Headquartered in Annapolis, Heavy Hammer Inc., is an online networking and consulting company advocating for American homebuyers, connecting them with trusted experts and valuable resources. Driving one of the most widely used suites of foreclosure Web sites, Heavy Hammer delivers free, all-inclusive lists of foreclosure properties to more than 500,000 homebuyers monthly. In business since 1998, Heavy Hammer has focused on geographically-based ad serving technology and processes allowing thousands of professionals to target specific locations, connecting directly with consumers in specific locations. Starting with www.USHUD.com, this group of sites now includes more than 30 state- and region-specific sites.


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Info on falling home prices

Destin, FL - March 1, 2010 - (RealEstateRama) — Severe headwinds, including high unemployment, rising foreclosures, a tight mortgage arket and expiring government programs are forecast to send home prices

in the majority of U.S. markets lower in 2010, according to the national U.S. Housing Predictor forecast.

The average price of a home is forecast to deflate 8.5% for the year. The first time home buyers’ tax incentive and an expansion of the government program to move-up buyers will usher in a higher volume of sales, but little real pricing recovery is projected for the year. The excess inventory of homes for sale and a shadow inventory of at least 2.8-million housing units will pressure markets.

The U.S. home price assessment was determined after a lengthy review of data gathered in the majority of housing markets. Failures by Congress and the White House to proactively work to rein in the excesses on Wall Street and a tight mortgage market make it unlikely for markets to unwind from the collapse in housing, and may prolong the downturn a number of years.

Rising foreclosures are damaging housing values in the majority of the country even as some markets see slight increases in home prices, but much of the housing inflation is due to government incentives and government purchasing of mortgage-backed securities. When government programs are halted, Housing Predictor analysts project housing markets will turn sluggish.

Consumers, business owners, retail companies, bankers, mortgage companies and real estate

firms consult Housing Predictor forecasts. Housing Predictor provides free real estate forecasts for markets in all 50 states, real estate news and analysis on the housing market at http://www.housingpredictor.com

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Monday, March 1, 2010

New Homes for sale in Navarre

New Homes for sale in Navarre.
The following are the links to the selected listings.

532761 - Details: 2209 LAS VEGAS TRAIL, NAVARRE, FL - $189,900
532748 - Details: 1962 MOORING DR, NAVARRE, FL - $219,500
532762 - Details: 9939 PARKER LAKE CIRCLE, NAVARRE, FL - $219,900
532755 - Details: 7933 SKYVIEW BLVD, NAVARRE, FL - $179,900
532736 - Details: 6704 SEA GATE DR, NAVARRE, FL - $359,900
532829 - Details: 2127 CHESHIRE CT, NAVARRE, FL - $290,000
532812 - Details: 6471 SAILPORT COVE, GULF BREEZE, FL - $169,950
532787 - Details: 7941 LOLA CIR, NAVARRE, FL - $179,900
532763 - Details: 7460 SOUNDSHORE DRIVE, NAVARRE, FL - $269,900
532746 - Details: 4817 KITTY HAWK CIR, GULF BREEZE, FL - $219,900
532830 - Details: 6396 OLD HARBOR CT, GULF BREEZE, FL - $275,000

Or Click Here to go view all listings at once.

REALTORS: REAL-Service REAL-Expertise.
You can also visit http://www.uberrealty.com to perform your own property search.


Jim Whatley

jim@UberRealty.com

850 499 2940 mobile

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New Homes for sale in Navarre

New Homes for sale in Navarre

532761 DSF 1102 A 2209 LAS VEGAS TRAIL 1,783 3 2/ 2005 $106.50 $189,900 EAM5
532748 DSF 1102 A 1962 MOORING DR 1,975 3 2/1 2010 $111.13 $219,500 NPUL
532762 DSF 1102 A 9939 PARKER LAKE CIRCLE 2,016 3 2/ 2005 $109.07 $219,900 EAM5
532829 DSF 1102 A 2127 CHESHIRE CT 3,000 4 3/ 2003 $96.66 $290,000 EMNG
532755 DSF 1104 A 7933 SKYVIEW BLVD 1,728 3 2/0 1995 $104.10 $179,900 NHPR
532787 DSF 1104 A 7941 LOLA CIR 1,674 3 2/0 1999 $107.47 $179,900 NIVR
532763 DSF 1104 A 7460 SOUNDSHORE DRIVE 2,781 3 2/ 2002 $97.05 $269,900 ESHG
532736 DSF 1104 A 6704 SEA GATE DR 2,975 4 2/1 1998 $120.97 $359,900 NCBU2
532746 DSF 1106 A 4817 KITTY HAWK CIR 2,285 4 2/ 1994 $96.23 $219,900 NCBU2
532830 DSF 1106 A 6396 OLD HARBOR CT 2,424 4 2/0 2007 $113.44 $275,000 NHPR
532812 DSF 1104 W 6471 SAILPORT COVE 1,800 3 2/ 1999 $94.41 $169,950 NIVR

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