Ocean Front Condominium Search in Jacksonville Beach

Last year around this time we had quite a few people from outside of the United States looking for Oceanfront properties, so we wanted to make this search tool available.
To look outside of Jacksonville Beach and Neptune Beach click here
In the search map below you can see all of the oceanfront condominiums in Jacksonville Beach and Neptune Beach.
Ranging from $300,000 and up.
Jacksonville Beach and Neptune Beach may seem to run together, however both beaches have completely different feels.
There are tabs at the top of the map to change price ranges, bedrooms, baths, etc. in the oceanfront condominium map, however this will only show Jacksonville and Neptune Beach. Again, keep in mind this is only for oceanfront condos in Jax beach and Neptune.

Home of the week- Bigtree in Mandarin great deal

10474 West Bigtree Cir in Jacksonville
$128,900

2 Bedrooms
2 Baths
Sq Ft: 1050

MLS# 430768

One-Level Home that shows like new! Beautiful prquet wood floors & tile through out (no carpet); Split bedrooms with large closets and doors opening to a cozy screen porch. Large great room with stone fireplace overlooking tree shaded pond. This home also features fully furnished kitchen and stacked washer/dryer. Walking distance to the YMCA; shops.
This home is really in a great location in Mandarin, if you need more info click here
Contact The Broxson Home Selling Team at 904-260-3787 for more information or to schedule an appointment

San Jose Waterfront

The area known as San Jose in Jacksonville allows for quick access to Downtown Jacksonville as well as some of the most stunning waterfront properties in Jacksonville.
Also this area will have a few waterfront Condominiums available.
Neighborhoods such as Epping Forest provide a marina and much more visit their website here
In the map below you will find some of the properties for sale on deep water in the San Jose area.



If you would like to make an appointment to view multiple waterfront properties in the San Jose area of Jacksonville, please contact our sales team at 904-716-3387.

Mandarin waterfront

This map should feature all of the waterfront properties for sale in the Mandarin Area of Jacksonville,Fl
The waterfront should either be riverfront or creek front. Being somewhat of a peninsula Mandarin provides lots of different waterfront properties, Julington Creek provides less expensive waterfront compared to being on the St. Johns.
If you would like to search outside of Mandarin please click here

Mandarin Homes for Sale

Kiddie Condo Loans in Jacksonville

I went with a good friend of mine to help him purchase a property to rent to his son while he is in college, he found a great place close to UNF and FCCJ.
Even better than the property he found was the loan suggested to him.
It's called a kiddie condo loan, I found this info on fhainfo.com

A great way for young adults to get started buying their first home is by using the FHA "Kiddie Condo" Loan Program. This type of mortgage allows a person to co-borrow with a blood relative (eg. parent, grandparent, sibling, etc.) who helps qualify for the loan using their income or assets. Both borrowers take title to the property and sign for the loan.

There are three big advantages to using this type of loan.
1. A low down payment (as little as 3% of the purchase price).
2. A lower, owner-occupied interest rate on the mortgage Vs the higher investment property interest rate.
3. Helps the new borrower establish a solid credit rating.

With a Kiddie Condo loan program, at least one borrower must occupy the property as his/her primary residence, but extra bedrooms could be rented out to help cover the cost of the mortgage payments. This is a perfect way for a college student, recent graduate, or anyone unable to obtain a loan on his/her own to buy a condo or townhome or single family home with the help of a family member.

The tax benefits, such as deducting mortgage interest and real estate taxes on a Federal Income Tax return, can be divided among the owners, according to who pays the expense. See your tax advisor for details.

Also a HUGE perk to this loan is the property will be homesteaded 50K deduction in taxable value starting next year with a cap.

We like using Lee Eburn with Colonial Mortgage for FHA loans, he did one last month for us and got it closed in less than two weeks, you can contact him at 904-874-2900

Single Family Homes sales up 4 % from last month

Depending on how you look at it home sales are up 4% from last month or down or dropped 37% from this time last year. Median sales price is down to 188K down 6% from last year.
Check out the graph below for details on other cities around Florida




information is provided by realty builder connection

Multiple Offers on Foreclosure and REO properties

At least once a week, we get asked how the market is doing. We'll if you are bidding on a Foreclosure or a short sale at the moment you would think it's as hot as ever.
Twice in the past 12 days we have been working for buyers who are putting offers in on Foreclosed properties that have multiple offers. Four offers in 2 days on one property and 3 offers over a week time frame on another. About one in five homes sold over the past few months in Jacksonville were either bank owned or pre-foreclosure properties. Let's say a good 40% of those had multiple offers. So who are the people that are getting the properties and how are they doing it.

The buyers of these properties don't hesitate, waiting a week or so to think about it, generally is not a good idea when dealing with bank owned properties. Almost more important to the bank than the bottom line, is how long the property is on their books. The quicker they can move the property the happier they are.

Having some money (or all the money) Banks do not want to pay your closing costs, they don't want to make repairs, they don't even want to pay for some of their closing costs (sometimes they are not allowed to ie: survey & doc stamps, depending on the program) Banks will look harder at a lower offer if it's a cash deal rather than a offer that is contingent upon financing, again b/c if the buyers financing falls through, they are putting the property back on the market.

If there are multiple offers and you are the lowest, generally your offer will just be rejected, no counter, no apologies. Just rejected. If you know there are multiple offers on the table you need to be in the ball park of the price range, and limit any nonsense in the offer. This is the biggest misconception out there, that if you make an offer they have to counter back. Not true, in a multiple offer situation you should put your highest and best offer out there if you want the property.

Now this advice is for those buyers looking for their home not simply an investment. As an sole investor, there are many other deals out there, and will be more tomorrow, but if you are looking for yourself, generally you are already getting a good deal by purchasing a foreclosed property rather than a simple resale or new home. (Generally 10-20% below market value.) Bottom line on this...
Be ready to make the offer (pre-approved, have $1,000 for a binder, have a buyers agent)
Have money ( have your closing costs saved and money to make repairs in the bank)
Make the best offer you feel comfortable with(making a low offer rarely works, and almost never works in a multiple offer situation w. a bank)

If you would like to receive updated lists of current foreclosures and short sales in Jacksonville, go to homes-jacksonville.com and click on contact us
(let us know what you are looking for and we will e-mail you the results)

Duval County Tax Calculator

For those who are purchasing a home or current home owners who want to know what their estimated tases are for the year here is a link from coj.net that uses a calculator. remember to take off your exemptions if they apply