Should You Buy Florida Real Estate In 2012?

Should You Buy Florida Real Estate In 2012? Well lets talk turkey about Florida Real Estate market and economy. Florida, as you may already know was one of the states hit hardest by the bursting housing bubble. 2012 looks to be promising year. With US. Troops home and consumer spending up. We can all hope for better day in the sunshine state. However there was a report that
Florida is getting hit the hardest by the first round of store closures announced by Sears Holdings(SHLD) .


Here’s what you need to know when buying Florida Real Estate:

  • How To Avoiding Chines Drywall
  • Should You Buy Distressed Properties
  • Best Area For Buying a Florida Home
  • Should You Sell Your Florida Home
  • How To Find The Best Realtor /AgentThere are so many factors when purchasing Florida Real Estate. However with that said and out the way. The good part about buying Florida Real Estate is the saving. You can buy a home that once sold for $500,000 and buy that same house for $250,000. This may be a distress sale, REO, Foreclosure home.

    Whats a Distress Sale?Distressed Sale – Definition of Distressed Sale on Investopedia – When property, stocks or other assets are sold in an urgent manner, often at a loss

    What Is REO Homes?

  • REO is an acronym for real estate owned and is used in the context of foreclosed properties owned by the lender or bank.What Is Foreclosure?
  • Foreclosure is to shut out, to bar, to extinguish a mortgagor’s right of redeeming a mortgaged estate. It is a termination of all rights of the homeowner covered by a mortgage. Foreclosure is a process in which the estate becomes the absolute property of the lending institution.Find Florida Foreclosure Homes Here

 

US NEWS 10 Best Places to Retire in 2012

Big announcement by US NEWS. They are stating that Port Charlotte Florida ranks in the US NEWS TOP 10 Best Places to Retire in 2012. Home prices in Port Charlotte fell dramatically over the past few years.  I remember homes on the water being worth close to 1,000,000 now only worth less the 500,000. Just be glad your not hulk hogan, 50% loss sounds allot better that 70% loss wow. Many port Charlotte home owners have been hit hard or should I say OUT FOR THE COUNT, financially with the economic down turn. However their seems to be some light at the end of the tunnel.  Port Charlotte is getting allot of new attention these days. With the new report from US NEWS. And more consumer spending money this Holiday season. This past Friday was a mad house with Black Friday. Also with snow birds / northerners taking advantage of current real estate deals, like Bank Owned, foreclosures, REO homes in the city of Port Charlotte. Not to mention the cash buyers. Have you ever heard the term CASH IS KING… Well I would say that’s true and false.  With a roller coaster stock market, some retires / investors are looking to put money into real estate. Some are buying rental homes for long term income. Its no wonder with rents are steadily increasing. Rental homes are in demand in Port Charlotte Florida. With so many home owner that have lost their home do to foreclosure.  One of the main reason why retries love Port Charlotte is positioning and location of the homes and where they are located. Many homes in Port Charlotte are along canals and waterways with access to the gulf. Find your new Port Charlotte home today at http://flaopenhouse.com

Related Search Terms: Real Estate News, Real Estate Market,
Advice, Buying a Home, Selling a Home,
Market Conditions, Housing Market

Banks Now Prefer Short Sales Over Foreclosures

It’s a no brainer that Banks now prefer short sales over foreclosures. Banks dealing with lengthy, complicated and frequently messy foreclosures are starting to see “short sales” as a quicker and cheaper way of getting bad loans off their books.

Why Would Bank Want More Short Sales Over Foreclosures?

Reason Below:

  • Foreclosures can take forever Note: However, in some states such as Florida, it costs very little to file a foreclosure and see the process through to the end.
  • Home owner may still keep up the home.
  • Short Sales are less costly for the bank.

If you plan  on doing a short sale on your home. It would be wise to seek help of a professional, such as lawyer or your local realtor. However any professional you use must have knowledge and experience in short sales. I have personally witness lawyers and realtors / agents, totally screw up the whole short sale process by not collecting all the proper information from the home owner. And wait till the last-minute to gather all forms and documentation required by the bank to complete the short sale process.
P.S. If you’re looking for short sale help please call Jessica Coleman Licensed Realtor.
Jessica Coleman Florida Realtor
Allison James Estates & Homes
Jessica Coleman / Realtor
Direct Line: (941) 249-2366
Fax: (941) 237-4897
Email: admin@FlaOpenHouse.com
Web: www.FlaOpenHouse.com
You Should Follow Me On Twitterhttps://twitter.com/FloridaEstate
Check out my blogs at: http://allisonjames.blogspot.com/

Port Charlotte Bank Owned FL REO Fresh Water FL Port Charlotte Bank Owned

GREAT BUY – Port Charlotte Bank Owned / REO Fresh water Florida home…open floor plan, vaulted ceilings. This Port Charlotte Bank Owned living room, dining room, kitchen table space area and breakfast bar…two bedrooms, master suite with skylight in bathroom for natural light…inside utility room Search Port Charlotte Foreclosure homes / Bank Owned Homes Here


Port Charlotte Bank Owned REO Home..
Property address
13447 Foresman Blvd
Port Charlotte
FL 33981
Listing Detail
Asking Price $69,900.00
Listing TypeREO / Bank Owned
Property TypeSingle Family Home
 

52.9% Savings

Port Charlotte Bank Owned – Call (941) 249-2366

3/2 Bank Property Port Charlotte, FL 33948 Under 47K

1253 Fleetwood Dr Nw
Property Address
Port Charlotte
FL 33948
Listing Detail
Asking Price$47,000.00
Listing TypeREO / Bank Owned
Property TypeSingle Family Home
26.9% Savings
Call For More Info (941) 249-2366
Property Features
Bed Rooms3
Bath Rooms2
Year Built1986
ParkingAttached Garage
Contact Agent
Allison James Estates & Homes
Jessica Coleman / Realtor
Direct Line: (941) 249-2366
Fax: (941) 237-4897
Email: admin@FlaOpenHouse.com
Web: www.FlaOpenHouse.com
Additional Notes
****great location****3/2 with a family room….large back yard, includes a shed….kitchen has a cute little nook area with a window….inside utility room…. minutes to shopping, dining and fun….less than 30 minutes to the gulf of mexico beaches… no deed restrictions, so bring your boat and “rv”…. call today for a personal showing! choose fha financing to qualify for $100 down payment. ask your agent for details.
Property Valuation
Zestimate®: $56,600
What’s a Zestimate?
Value Range: $39,620- $67,354
30 day Change: $-7,100
Comparable Properties
Address Zestimate®
2105 Delta St $51,300
2498 Auburn Blvd $170,900
2506 Auburn Blvd $198,400
2706 Auburn Blvd $117,200
2410 Sunninglow St $51,400
Neighborhood Information
Housing Statistics
House Median value $87,800
Median Family Income $41,061
Owner Occupied 83.4%
Renter Occupied 16.6%
Vacant Homes 14.9%
Population Statistics
Total Population 14,692
Median Age 47.6 Yrs
Male 47.6%
Female 52.4%
Married 63%
Ethnicity
White 90.0%
African American 6.5%
Asian 1.0%
Others 2.5%

 

Florida Chinese Drywall Maybe a Silent killer

Normal shut off valve
Normal shut off valveCorroded shut off valve

Florida Chinese Drywall Maybe a Silent killer. What we know about Chinese Drywall.

Between 2001 and 2007, millions of sheets of drywall were imported to Florida and others US. States. Much of this drywall contained toxic sulfur compounds, which went unnoticed until recently. Thousands and thousands of homes were built with this toxic drywall. Chinese drywall imported into the United States has resulted in a serious and growing problem for many homeowners, caught unaware of the potential impacts of this toxic material upon their homes, personal property and health.
Toxic Chinese drywall can out-gas harmful sulfur/sulfide compounds that can cause a variety of problems in your home, including damage to wiring and appliances, and health issues for you and your family. The health department has received more than 100 complaints from homeowners about the drywall that has polluted their homes.

Can Chinese Drywall Be Dangerous To Your Health?

Chinese drywall was found by Lawrence Berkley National Laboratories to emit hydrogen sulfide up to 100 times greater than non-Chinese produced drywall. Hydrogen sulfide is a hazardous gas which, in high concentrations, can be fatal. We have personally been in many homes in Port Charlotte Florida that have Chinese Drywall. and they have a rotten egg smell or well water smell. However you will see corrosion on exposed wiring and other copper material such as facets, pipes, outlets, shut off valve. Also blackening of copper in and around the air handler unit. Its’s Always a GREAT idea to get any home inspected for Chinese drywall.

I have also found that many Bank Owned Homes have Chinese drywall in them.

Quick Note: Most Banks Will Not Disclose That Some Of Their Homes May Contain Chinese Drywall.

The most commonly reported symptoms include:

  • Headaches and cough
  • Irritated and itchy eyes
  • Difficulty in breathing
  • Bloody or runny nose
  • Frequent sinus infections and asthma attacks

 

7 Hot States, With High Percentage of Bank-Owned Home Sales & Foreclosures

Daily Real Estate News  | May 26, 2011  |
In 7 States, Foreclosures Make Up 32% or More of Sales
Foreclosure sales are making up a big chunk of home sales across the country. In the first quarter (January through March) of this year, bank-owned home sales and homes in some stage of foreclosure made up 28 percent of all home sales in the country which is up slightly from the fourth quarter of 2010 (27 percent), RealtyTrac reports. In some states, that percentage was even higher.

According to the latest RealtyTrac data for the first quarter of 2011, here are the states where foreclosures make up the largest percentage of home sales, along with the average foreclosure price and the percentage discount over a non-distressed property.

Nevada
Percent of sales: 53%
Average foreclosure sales price: $128,589
Percentage discount over non-foreclosure sales: 18%

California
Percent of sales: 45%
Average foreclosure sales price: $247,623
Percentage discount over non-foreclosure sales: 34%

Arizona
Percent of sales: 45%
Average foreclosure sales price: $128,289
Percentage discount over non-foreclosure sales: 25%

Idaho
Percent of sales: 33%
Average foreclosure sales price: $141,845
Percentage discount over non-foreclosure sales: 15%

Florida
Percent of sales: 32%
Average foreclosure sales price: $116,583
Percentage discount over non-foreclosure sales: 27%

Michigan
Percentage of sales: 32%
Average foreclosure sales price: $70,358
Percentage discount over non-foreclosure sales: 34%

Oregon
Percentage of sales: 32%
Average foreclosure sales price: $175,957
Percentage discount over non-foreclosure sales: 24%

Source: “A Look at the States Where Foreclosures Made Up at Least 25 Percent of Home Sales in First Quarter,” The Associated Press (May 26, 2011) and “Foreclosure Homes Account for 28 Percent of Q1 2011 Sales,” RealtyTrac (May 26, 2011)

Bank Owned Foreclosure home In Port Charlotte

Bank Owned Foreclosure home In Port Charlotte
18480 Yarbrough Ave
Property address
Listing Detail
Asking Price $45,000.00
Listing Type REO / Bank Owned
Property Type Single Family Home
50% Savings
NEED HELP CALL l (941) 249-2366
View The Home Photos
Property Features
Bed Rooms3
Bath Rooms2
Squre Feet1482
Year Built1989
ParkingAttached Garage
Lot Size10000
Recent Auction Details
As Is Value$50,000
Last Transaction
Sale Amount$170,000
Sale Date05/23/2005
Tax Information
Tax Year2009
Taxable Value$107,119
Additional Notes
**** two story with great backyard privacy & fruit tree **** fenced in backyard with mature landscaping…. “huge” master bedroom upstairs 19×17… large walk-in closet up stairs….. yes, this home needs your love, but could be a great opportunity. kitchen has a nice window overlooking the backyard and the laundry room is right next to kitchen…. split floor plan…. open airy living room and dining room with sliding glass doors to back patio…. 20 -25 min to the gulf beaches, 10 minutes to public boat ramp heading out to the charlotte harbor…. no deed restrictions, bring your boat & “rv”…. close to shopping dining & fun……. don’t delay…. buy today…. choose fha financing to qualify for $100 down payment. ask your agent for details.