Tallahassee Real Estate Blog

We've got two great Tallahassee open houses 2-4pm today

Best price in Sawgrass Plantation - Immaculate townhome, just move right in!  Extra large lot backing greenspace. 2413 Silver Palm - $125,000

New listing at a fantastic price - Try to find a 4 bed northeast Tallahassee brick home with all these features at this price - this is it!  Huge sceened porch, open floorplan, granite counters, lots of updates!  3109 Ansley Park - $270,000

Call us at 850.329.0050 if you need futher info or directions to these great real estate values!  We'd love to help you find a great Tallahassee home! 

We've got a great pool home for sale in Betton Hill - 1505 Crestview for $399,000.  Right across from the rose garden, and easy walking distance to Red Elephant and Five Guys - what could be better!!!  Go to our listing page to see more.

What's great about Betton Hill?  For Tallahassee real estate, it's a very desirable area.  And homes will sell!  Out of about 60 homes on the market in 2011, only 8 wne off the market without selling.  the homes that sold were only on the market for an average of 102 days, significantly less than the 140 days on average for Tallahassee overall. 

Click to check out 1505 Crestview !

Looking for that perfect Betton Hill home in Tallahassee?  Call us 850.329.0050

According to a survey by www.Zillow.com of 109 economists, the weight of continued foreclosures will keep prices form rebounding through 2013.  When prices do begin to rise, values will not match those seen before the housing bust began in 2006 reports www.Bloomberg.com business news. 

The foreclosure situation remains bleak with more than 14 million homes in foreclosure or deliquent, and 1 in 4 mortgage holders underwater.  Another surge of foreclosures will materialize in 2012 as banks ramp up efforts to clear foreclosure backlogs, and a large amount of 5/1 adjustable rate mortgages lent in 2007 adjust in the spring. 

The good news - mortgage rates are at an all time low, and many buyers are wading back into the housing market seeking to take advantage of low prices and low rates.

For Tallahassee real estate, 79 homes received foreclosure notices in December.  1 in 1562 homes are in foreclosure according to www.Realtytrac.com . 

Do you know someone with a Tallahassee home that may be facing mortgage trouble?  Please call us at 850.445.2476 or visit our site for free consultation information

www.NoTallahasseeForeclosure.com

Short Sales continue to grow as a portion of all sales nationwide.  Tallahassee real estate is experiencing the same trend.  In the fourth quarter of 2011, short sales made up 16% of all sales in the Tallahassee area, up from 12% in 2010.  In fact the latter part of 2011 saw more short sales than ever in Tallahassee.

As lenders try to avoid costly foreclosure proceedings, many banks are offering cash incentives to homeowners who will choose to negotiate a short sale instead of walking away in a foreclosure.  This chunk of change can be as high as $20,000.

The biggest pitfall?  Short sale fraud.  Many homeowners have been misled into schemes where fraudulent rescue companies charge large upfront fees, then disappear.  Don't ever pay upfront money. 

Need more info on short sales and foreclosure avoidance?  Go to our special site www.NoTallahasseeForeclosure.com

Nationwide, the housing market has been on a downward slide for the past 5 years.  What does the future hold?  Several positive signs are beginning to show.  Florida home sales have been up the past couple of months.  November sales were 11% more than in 2010.

What's the potential holdup?  Foreclosures.  Over 6 million homes in default nationwide.  Most of those will end up as some sort of distress sale.  Plus, thousands of sellers who would like to sell, but are waiting for better conditions. 

Want more info?  View our Tallahassee real estate newsletter with up to date info on current conditions.  CLICK HERE

After 5 years of a real estate market downturn, home prices continue to fall across much of the US.  Standard and Poor's Case Shiller Home Price Index reports that 19 of the 20 metro areas in the index recorded price declines between September and October this year.  On an annual basis, prices have fallen about 3% nationwide since October 2010. 

If you're wondering what the value of your Tallahassee real estate is, please visit our home value tool to get a snapshot of values in your area - Click Here

We're happy to provide you detailed info on your home's value - give us a call at 850.445.2476.