Tallahassee Real Estate Blog

Just listed a home for sale in Piney Z.  Immaculate!  Great open floor plan, and it's in great condition.  Come to our open house on Sunday Jun 28, 2-4pm at 4714 Planters Ridge Dr, Piney Z. 

We''l have info on the First Time Buyer tax credit (WHICH EXPIRES IN NOVEMBER!!), how to look for a mortgage, and we'll even have chocolate chip cookies.  Chocolate increases your financial smarts, did you know that?  The home is offered at $215,000. 

Visit our Open House at 2027 Greenwood Drive

Receive:

• Critical Information about the $8,000 Tax Credit for Homebuyers
• Best Buy List for Tallahassee homes
• No Mistakes Buying Guide
• How to Buy a Tallahassee home with no money down
• THE BEST CHOCOLATE CHIP COOKIES IN TALLAHASSEE!! 

Here's a chart showing how the monthly median sale price compares to the January 2007 median sale price.  Notice the monthly price relative to January 2007 increases through 2007, but declines through 2008.  Now the decline appears to be narrowing. 

Is this a sign of stabilization?

Or a statistical blip?

When a Realtor considers establishing a real estate practice, the choice of brokerage firms is critical.  That's why the Keenan Team is at Keller Williams Realty in Tallahassee - it's great!  Another reason why...

Keller Williams Realty Brokerages Dominate Annual Industry Surveys
3^rd largest company in U.S. the only major franchise to show growth

AUSTIN, TEXAS (May 19, 2009) —According to two of the industry’s most comprehensive annual surveys, Keller Williams Realty brokerages continue to defy the pervasive downturn in the industry by growing and expanding.

RISMedia’s Power Broker Report and REAL Trends’ REAL Trends 500 rank the largest residential real estate brokerages in the U.S. based on transaction sides and sales volume. This year, Keller Williams Realty had more brokerages on both lists than any other real estate brand.

In the REAL Trends 500 report, Keller Williams Realty dominated, with its offices comprising more than a quarter of the entire list. Of all the major brands represented in the report, Keller Williams was the only company to boast growth in both number of agents added to its ranks and in total transactions closed.

Within RISMedia’s Power Broker Report, Keller Williams Realty again had the largest majority on the list – accounting for 35 percent of all the brokerages listed. The report also ranked Keller Williams Realty #1 in number of agents and total closed transactions.

“These results prove what we already knew – Keller Williams Realty is experiencing the next phase of our growth during this shift,” said Mark Willis, CEO of Keller Williams Realty, Inc. “Our agents and offices are capitalizing on the opportunities presented in today’s market and powering forward.”

About Keller Williams Realty Inc.:

Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information, or to search for homes for sale visit Keller Williams Realty online at (www.kw.com).

The $8,000 federal income tax credit for first-time homebuyers is beginning to have a real effect on increased sales! 

Let's put it terms of real dollars.  If you purchase a Tallahassee home with a $150,000 mortgage at today's 4.8% interest rate, your principal and interest payment would be $787.  Your $8,000 tax rebate can be applied to your mortgage payment every month (at $667 every month for 12 months) to make your effective principal and interest payment $120!! 

You do not need to wait for your 2009 tax return to receive your $8,000 - simply file an amended 2008 tax return using a simple IRS form, and receive the $8,000 in a few weeks!  Call 850.445.2476 for more details!

By the way, there are great entry-level homes in Tallahassee in the $150,000 to $180,000 price range! 

I have heard from many buyers at open houses who say they are waiting for mortgage rates to fall lower before buying.  The Wall Street Journal reports today that rates are not likely to go down past their unbelievable low rate right now, in part because many small mortgage lenders have gone out of business resulting in less competition, and large banks who have more business than they can handle with mortgage refinancing see no need to reduce rates further.

Rates are lower than they have been since the 1950s.  The Federal Reserve does not control mortgage rates and has probably gone as far as possible in trying to drive down rates.  We may never see rates this low again in our lifetime.

If you have stable income, and plan to remain in a home for at least 5 years, it's a great time to buy!  Call us at 850.445.2476 for 5 more reasons to buy now!

Please stop by our open house at 2027 Greewood Dr Tallahassee from 2-4pm.  Refreshments served.  Home buying info available. 

This is a great home, with many stylish updates.  Plus, it's a perfect neighborhood - quiet, close to shopping, schools, Tallahassee Memorial, downtown Tallahassee, and many more convenient places. 

2027 Greenwood is offered at $250,000.

Visit www.2027Greenwood.com

Call us at 850.445.2476! 

In reviewing Tallahassee's single family home sales for December, I noticed a very pleasant surprise... December sales volume in the $100,000 to $200,000 range was up from November.  Even MORE joyous... December sales this year were the same as last December (57)!! 

While many neighborhoods and price ranges are down from last year, here is a sign of the market beginning to clear.  As renters and first-time buyers (not encumbered with a house to sell) take advantage of low mortgage rates and reduced prices, the lower-priced inventory will be bought up.  Those sellers can then move up and buy a Tallahassee home at a higher price range, and so on.  This won't be a quick process, and unfortunately it won't be painless, but hopefully it will lead to a more balanced market with less inventory and stable prices.

See www.TallaHome.com/TallahasseesalesDecember for sales details!

If you're looking in the $100-200,000 range, check out a great townhome with a lakeview at www.2385Merrigan.com          

Happy New Year!  Welcome 2009!  May we hope that the real estate market returns to a more balanced state this year.  If your a buyer, take advantage of the great mortgage rates!  If your a seller, think about the great deal you will get on buying a home at todays great rates once you sell!

See our December Sales information for Tallahassee homes, townhomes, and condos - go to our home page and click the first two buttons!