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5 Deadly Mistakes Sellers of Destin Real Estate Make

July 5, 2010 By Leave a Comment

These are 5 deadly mistakes sellers of Destin Real Estate make when they decide to sell that costs them thousands of dollars – don’t make the same mistakes. 

1.  Failing to analyze why they are selling.

2.  Not preparing their home for the buyer’s eye.

3.  Pricing their homes incorrectly.

Click here for a FREE Market Analysis for your home or condo.

4.  Making it difficult for buyers to get information on their homes.

5.  Hiring a realtor that doesn’t have a specific marketing plan.

Keller Williams Realty’s At The Beach Team sells more Destin Real Estate than most agents in our MLS – Call today to see how we can Get Your House or Condo Sold Fast and For Top Dollar. 

Filed Under: Sellers Tagged With:

Destin Area and the Oil Spill Update

May 5, 2010 By Leave a Comment

Pelican Pict

This is part of an email I received from Representative Matt Gaetz regarding the Destin Area and the oil spill:

Current Forecast

  • Mother Nature has been kind. No landfall is expected through Thursday, May 6. On Thursday the sheen plume is likely to be 30 to 45 miles off of the coast of Pensacola.
  • Florida is expected to experience oil sheen, tar balls and tar mats at this time. Florida is not expected to see the large product of emulsified oil similar to images of Louisiana.
  • Currents will play a key role. Currently the “loop current” is considerably south of the sheen plume.

Incident Site

  • Flow remains the same – roughly 5,000 barrels per day.
  • 5 of 6 pistons remain open.
  • The “dome” is expected to be deployed either this weekend or early next week.
  • If successful, the dome will divert about 85% of the oil flow out of the Gulf.
  • Previously dispersants were only being deployed at the surface. Now, dispersants are activated through a submerged hose directly at the well site. This has yielded far greater success in breaking up the oil product.

Military Involvement

  • Many of you have asked why tactical military solutions are not being coordinated with the Dept of Homeland Security to close the well site. I have been assured that the Navy and Air Force are directly involved in developing creative solutions to close the well.
  • Governor Crist has indicated that the Florida National Guard will be activated immanently to assist with mitigation.

Funding from BP

  • BP has issued Florida a “block grant” in the amount of $25 million to fund mitigation efforts by the state.
  • I have asked Governor Crist to direct these funds directly to the local emergency operation centers so that we can contract directly with vendors for more swift action.

Limitation on Liability

  • News outlets have reported that BP’s liability is capped at $75 million.
  • BP executives have stated “on the record” that they will fund all cleanup costs and will pay all legitimate economic loss claims.
  • Today I will meet with Attorney General McCollum to discuss how the Oil Pollution Act of 1990 likely renders the $75 million cap moot.

Booming

  • Many are frustrated with the slow booming progress. Please keep in mind the lesson we learned from Alabama. Booming too soon renders the booms porous and useless. Boom is expected to be laid in Okaloosa and Santa Rosa starting tomorrow.
  • Booming the Destin Pass remains the most significant challenge. Engineers at the highest level are working out scenarios and local fishermen who know the Pass best have offered their local knowledge.

How Does This Affect Destin Area Real Estate?

If you own Destin Real Estate and you want to know what the current value of your condo, house or land is simply call or text me at 850-217-7618, or send me an email at JohnMoran@AtTheBeachTeam.com and we will do a complete analysis to determine where the value is for your property today.  From there you will know where you stand and we can discuss your options to determine what is best for you.

Filed Under: Destin Real Estate, Featured, Sellers Tagged With:

3 Secrets About Destin Short Sales.

January 9, 2010 By Leave a Comment

Watersound Short Sale

Destin Short Sales- including this beautiful Watersound condo – are a great way to get a fantastic deal on a condo at the beach. There is no question about it.  The thing is they can be a little frustrating for both buyers looking for deals and seller’s looking to get out from underneath a crushing debt so let me offer three simple comments that will make the process better for you. 

Be Patient

Destin Short Sales often take as long as six months to run their course.  I think the reason it takes so long is because there are so many people trying to do them and not nearly enough bank ”case workers” to handle the paperwork load causing much of the delays.  So go into the process knowing it could take a while.

It’s all about the appraisal  

If you are buying or selling a Destin Short Sale be sure that you make or accept an offer that has a chance to appraise or you will find yourself frustrated and extremely dissapointed at best or losing out on a property you could have had at worst.  Keep in mind that the bank won’t do a deal at less than “fair market value” and will hire an appraiser to determine what that number is so your offer should be as close to the number the appraiser comes up if you want a successful out come. 

Have a good realtor

Short sales produce great deals for buyers and relieve crushing debt for sellers but they are very time consuming and complex so it’s very important to use a realtor that knows how to determine “fair market value”, market the property to secure a “qualified” buyer, set expectations to reduce stress to both buyers and sellers, prepare and present necessary bank documents, and negotiate with banks.  If you are missing any of these the odds of a successful outcome is greatly reduced.

Keller Williams Realty’s At The Beach Team is the market leader for Destin Condo sales including Destin Short Salesso if you are considering buying a Destin Short Sale or selling as a short sale simply contact us an we will happy to assist you in any way we can so you ultimately end up with what you want.

Want more information about Destin Short Sales or 30A Short Sales or Panama City Short Sales give us a call or send us an email at info@AtTheBeachTeam.com

Filed Under: Destin Condo Information, Featured, Sellers, Short Sales & Foreclosures

5 Acceptable Hardships For Short Sales

January 8, 2010 By Leave a Comment

1/2 Price Sale at Sterling Shores : Click on picture for details

Has the real estate investment game changed for you leaving you upside down on your condo, house or land at the beach?

It has for a lot of people and many of these folks are turning to short sales to get out from underneith the mounting financial pressure that comes from owing these properties. Simply stated a short sale is when you sell for less than what is owed on the mortgage and the bank accepts the amount.

Why would the bank do this? Well lets say your financial picture has changed since you bought the property and you are now facing a “financial hardship” that has put you in a position of not being able to make your payments and the possibility of foreclosure is looming. In cases where foreclosure is likely it makes sense for the bank to negotiate a short sale because it is generally costs the bank much less than if they have to take the property back, maintain it while marketing it to a new buyer – all with the possibility of getting less than what was on the table as a short sale.

What are acceptable hardships?

According to HUD – the Dept. of Housing and Urban Development – there are many valid reasons and hardships to be acceptable for default.  Here are 5 of them.

  1. Death of Principal Borrower
  2. Serious Illness of Principle Borrower
  3. Marital Problems (Divorce, Separation)
  4. Unemployment
  5. Lessened Income

These are only 5 of the “Acceptable Hardships for Short Sales” and there are many others so if you are considering a short sale and would like more information about acceptable hardships or any other questions relating to short sales simply contact Keller Williams Realty’s At The Beach Team today and we will be happy to help.

Call John Moran at 850-654-3325 or send an email to JohnMoran@AtTheBeachTeam.com

Filed Under: Featured, Sellers, Short Sales & Foreclosures

Destin Quarterly Real Estate Reports Are Now Available!

November 3, 2009 By Leave a Comment

Destin Home, Condo and Land owners are you curious about what has sold in the 3rd quarter and what is currently for sale in your neighborhood?

Check out out our FREE QUARTERLY REPORTS where we answer:

What is selling in my neighborhood?

How much are people getting for their properties?

How long is it  taking to sell property right now?

What is currently for sale right now?

To get the answers to these questions and more simply … [Read more...]

Filed Under: Destin Real Estate, Sellers

How Far Will Prices Fall At Sterling Shores Condo?

October 7, 2009 By Leave a Comment
1/2 Price Sale at Sterling Shores : Click on picture for details

1/2 Price Sale at Sterling Shores : Click on picture for details

 Have You Ever Thought Of Owing A Condo At The Beach?

If you have then you should take a serious look at Sterling Shores Condo in Destin Florida.  Prices in the condo have dropped dramatically since the top of the market in 2005.  Take a look at these examples

Unit 1018 sold in 2005 for $875,000 – Today unit 918 is for sale with a list price of $400,000! See More

or how about

Unit 303 sold in 2005 for $740,000 – Today unit 202 is for sale with a list price of $425,000! See More

As you can see the times have changed to favor buyers but be very careful because the market is ever changing and will not always favor buyers so if you are considering owning at the beach now is the time to take a hard look at doing it.  

Call today for more information about property at Sterling Shores, information about lendors or anything else for that matter simply contact John Moran at 850-654-3325, text me at 850-217-7618 or send me an email at JohnMoran@AtTheBeachTeam.com and I will be glad to assist you in any way I can. 

Also be sure to check out our website AtTheBeachDestin.com and AtTheBeachFL.com for real estate on 30A and finally AtTheBeachPanamaCity.com  

Filed Under: Destin Condos, Destin Real Estate, Sellers Tagged With:

Why Does It Take So Long To Sell Condos In Destin?

August 28, 2009 By Leave a Comment
1/2 Price Sale at Sterling Shores : Click on picture for details

1/2 Price Sale at Sterling Shores : Click on picture for details

According to the Emerald Coast Association of Realtors the average number of Days On Market for all the condos sold in Destin and South Walton County Florida so far this year is 231 or nearly 7 months! That seem like a long time to me.

Your Condo Should Sell Quicker!

I was taught that when a realtor does his or her job right a property will sell in 3-4 weeks regardless of market conditions. Certainly it should not take 7 months! To sell a property quickly you need the right price, a lot of exposure and an aggressive agent pushing the property. If is doesn’t sell then some part of the mix (price, marketing, agent) was off and the realtor simply needs to adjust accordingly, once they do the property almost always sells in the next 3-4 weeks.

The Keller Williams Realty’s AT THE BEACH TEAM sells more condos than almost anyone in our MLS and you know what – our average Days On Market is only 71 which means we are selling our listings 3 times faster than the average realtor in our market! Or more importantly we have saveed our sellers more than 5 months of mortgage payments, condo owners dues, taxes, insurance….

Not All Realtors Are The Same.

In addition to selling our listings faster we successfully negotiate more money for our seller’s as well. If you look at all the condos sold so far this year seller’s are getting an average of 89.4% of the list price with an average sell price of $332,744. The AT THE BEACH TEAM is earning slightly more money 89.65% for our sellers and boasts a 10% higher average sell price of $362,450.

Do The Right Thing

If you are considering selling your condo doesn’t it make sense to hire a team with a track record of selling property quickly and for more money? Sure it does. For more information on Keller Williams Realty’s AT THE BEACH TEAM go to our websites – At The Beach Destin or At The Beach Fl for information on South Walton County real estate.

Filed Under: Destin Condo Information, Sellers