Thursday, November 19, 2009

New Riverfront for sale in Northeast Florida

110' frontage on Samples/Edwards Creek. 2 acre parcel 3,000sqft 4/3.5 w/ bonus and 3 car garage, dock with water and electric!
Click on this widget to find out more



Contact The Broxson Team at Re/max Specialists 904-260-3787 to find out more or visit the website for this home at EdwardsCreek.com

Thursday, November 12, 2009

Less Foreclosures in Jacksonville, Good News

Foreclosure rates are dropping in Duval County, read here for more the stats.
However we have concerns, it seems more and more higher end properties are going short sale or standing vacant, unfortunately we don't have numbers on this but what we are seeing while showing property on a daily basis.
Also, we are seeing the larger mortgage companies Wells, BOFA etc running slow on foreclosure times, a moratorium on Foreclosures over the Holidays could exasperate this issue.
By 2010 there could be a lot of inventory of homes in Jacksonville over 300K owned by banks.

Link

Friday, November 6, 2009

Tax Credit Extension

Looks like this will go through + new incentives for current home owners
Good link here

Friday, October 16, 2009

Will the tax credit get extended?

Some think so, and legislation is in the works right now, read what Florida Realtors think here

Find homes that qualify for the tax credit in Jacksonville now by contacting our Remax Real Estate Team at 904-260-3787

Thursday, August 27, 2009

2 appraisals in Jacksonville very different results

The Florida Times Union ran this article on Tuesday very interesting read...
Two homes exactly the same 40K difference in value next door to each other?
Click HERE to read


Wednesday, July 29, 2009

Why do you need a buyers agent in Jacksonville?

Found this written by another agent in Arizona and really couldn't put it better myself so here it is.

Here’s an intriguing question: Given that it’s so easy to search for homes on the internet, why do you need a buyer’s agent?

Face it, if you use the MLS search tool on my web site, you’re seeing exactly the same listings I see. And you know better than I ever could what you like and what you don’t like.

By now, the home search process is at best a partnership between the agent and the buyer. In some cases the buyer and I will work together to perfect our search criteria. But many buyers simply search the available inventory on their own, emailing me the MLS numbers of the homes they want to see.

So why do those buyers need a buyer’s agent?

Realtors hoarded the MLS data for so long that even they came to believe it was the source of their value to buyers. But this is very far from the truth.

You don’t need me to search for listings, although I’m happy to do that. And you don’t need me to open lock-boxes. You need a buyer’s agent to guide you through what is in fact an arcane and perilous process — potentially a financial disaster. You might not need me to find your next home, but you need me to make sure that you get it — or that you pass on it, if that is what is truly in your best interests.

A skilled buyer’s agent will write the kind of purchase contract that will prove surprising to you at every turn, with every term and condition tailored to achieve your best advantage. Your agent will supervise the inspection process and negotiate the optimal solution to the repair issues. Your agent will be prepared for every pitfall in the escrow process.

If you bought and sold houses every day, you could do all these things yourself. It’s because you don’t — and because the seller and the listing agent are looking to take advantage of your naivete at every turn — that you need a skilled buyer’s agent as your steadfast champion in the home-buying process.

For more posts like this one from the author visit http://www.bloodhoundrealty.com/BloodhoundBlog/

Tuesday, July 28, 2009

1724 Bayside New home for sale with boat slip in Saint Johns County

Great home, next door to clay tennis courts and pool.
Home has all you need, pool, boat slip, 3 car garage, master downstairs, loft bonus, gated community, in the best school system Jacksonville has to offer.
Don't miss this opportunity.

Friday, July 17, 2009

7417 Ramoth Little Marsh island Jacksonville




Truly amazing waterfront opportunity with very deep water all around, the last home on the point at Little Marsh Island is available for sale for the first time. The four story home with close to 5,000sqft is a unique opportunity for someone looking for something with water access and luxury. Located behind the gates of Little Marsh Island the home sits at the end of the neighborhood with two vacant lots on both sides. No home can be built in front of this home so unobstructed view of the river and bay will always be there. A large 2 car garage and bonus recreation room are located on the first floor, with an elevator to the 2nd and 3rd floors of the home, wood floors throughout, commercial grade kitchen appliances, and five unique baths for each bedroom all have whirpool tubs. Two master suites one on the 2nd and one on the 3rd floors both have amazing views and private balcony exits. The fourth floor widows walk has a heated and cooled space that could make an amazing office or small sitting area. Current pricing of this home makes it truly a great buy , this opportunity only comes along once in a lifetime, don't miss it.

Contact The Broxson Team at Re/max Specialists 904-260-3787 for more info

Thursday, July 16, 2009

Questions about the new appraisal guidelines

We are not appraisers, but the new regulations that went into practice on the first of May have had quite the trickle down effect on our business.
While the way these rules were meant to work should help to slow or prevent the next real estate bubble, it seems that our entire industry is against them.
The bigger problem is that no one (outside of the mortgage business) really understands what the Home Valuation Code of Conduct is all about.Here is what Freddie Mac has on their site

The sale of the following mortgages is exempt from the
Code: FHA/VA, Section 184 Native American, and
Section 502 Guaranteed Rural Housing.
Lender Requirements
The revised Code:
• Prohibits lenders and third parties from influencing
or attempting to influence the development, result,
or review of an appraisal report.
• Requires lenders to ensure that borrowers are
provided a copy of the appraisal report no less than
three business days prior to closing, unless the
borrower waives the requirement. The lender may
require the borrower to reimburse it for the cost of
the appraisal, but the lender must provide a copy of
the appraisal report to the borrower at no additional
cost.
• Requires any third party specifically authorized to
perform certain actions on behalf of the Seller to be
in compliance with the Code.
• Requires lenders or third parties authorized by
lenders to be responsible for selecting, retaining,
and providing for payment of all compensation to
appraisers. The Code does not allow any other
third parties to perform these activities.
• A lender, in connection with the loan being
originated, may accept an appraisal report
prepared by an appraiser for a different lender
provided that the lender obtains written assurances
from the other lender that it has adopted the Code
and determines that such appraisal conforms to
appraisal requirements and is otherwise
acceptable.


Here are some highlights from the FAQ page from Fannie Mae

You can see the full 8 page doc online by clicking here


Q1. What loans are affected by the new Home Valuation Code of Conduct?
Fannie Mae has agreed to adopt the Home Valuation Code of Conduct (“the Code”) for all
conventional, single-family loans originated on or after May 1, 2009, that are delivered to Fannie
Mae. For purposes of the Code, origination date means the date of the application. The Code
will not apply to multifamily loans, or to loans insured or guaranteed by a federal agency; the
Code only applies to 1- to 4-unit single-family loans sold to Fannie Mae. The Code will not apply
to loans sold to Fannie Mae on or after May 1, 2009 that were originated prior to May 1, 2009.

Q2. What are the professional requirements for an appraiser under the Code?
The Code requires that an appraiser must be licensed or certified by the state in which the
property to be appraised is located.

Q9. Does Section I.B.(9) specifically prohibit a lender from ordering a second appraisal?
No. Section I.B.(9) only prohibits a lender from ordering a second appraisal when they are
attempting to influence the outcome of the first appraisal and are now “value-shopping.” As a
risk control measure for certain loan products, it may be common for a lender to order more
than one appraisal, and this subsection does not prohibit that practice.

Q10. Does the Code specifically prohibit communication with an appraiser by a real estate
agent?
No.

Q18. Does the Code apply to other valuation methods (i.e., automated valuation models
[AVMs], broker price opinions [BPOs], tax assessments, etc.)?
No, the Code applies only to appraisals.

Q20. Does the Code apply to a loan that is insured or guaranteed by a federal agency and
ultimately sold to Fannie Mae (i.e., FHA or VA loan)?
The Code does not apply to loans that are insured or guaranteed by a federal agency, such as
FHA and VA loans.

Wednesday, July 8, 2009

Apartment Vacancy reaching new heights

How is this effecting the buying and selling side here is an excerpt from the story on WSJ
From 2000 to 2003, around 30% of renters who moved out of apartments were becoming home buyers, while just 15% of move-outs left to buy homes during the first quarter of 2009, AvalonBay Communities Chief Executive Bryce Blair told investors at a real-estate conference last month
Read the full story here

One step closer to getting a carrier to Mayport Naval Station

The Navy approved the money to start dredging the St. Johns to fit in a nuclear aircraft carrier into Jacksonville.
Read the story here at news4jax.com

Thursday, July 2, 2009

New Mortgage Applications drop

The numbers of people trying to refi their homes or get a mortgage for a new home had slowed down significantly in the past month.
Click here to read the article from Mortgage news Daily

Wednesday, July 1, 2009

Monday, May 4, 2009

1625 Hawkcrest NEW HOME FOR SALE!

PRICE DRASTICALLY REDUCED TO 819K!!!!!
JUST PUT THIS ONE ON THE MARKET LAST WEEK, 2 ACRES WITH FRONTAGE ON CUNNINGHAM CREEK, POOL, SPA, 6/5.5 4500+ SQUARE FEET!! 899K


YOU CAN VISIT THE WEBSITE FOR THIS HOME FOR LOTS OF PICTURES AT HTTP://WWW.1625HAWKCREST.COM

Thursday, April 30, 2009

Home for sale in Fort Caroline Florida

Great house in beautiful location of Jacksonville, Florida. Located just off Fort Caroline Road this home has everything you need.
PERFECT DOLL HOUSE, OPEN FLOOR PLAN WITH TILE THROUGH HEAVY TRAFFIC AREAS, GRANITE COUNTERTOPS IN KITCHEN AND BATHS,UPGRADED FIXTURES, FAMILY ROOM LEADS TO RAISED DECK OVERLOOKING LARGE FENCED BACKYARD WITH DOUBLE GATES, STORAGE SHED IN BACK OF HOME, SMALL NEIGHBORHOOD IN GREAT LOCATION 20 MINUTE DRIVE TO MAYPORT NAVAL STATION AND THE OCEAN, CLOSE TO NEW SHOPPING CENTERS. THIS IS A ''10''



Contact The Broxson Home Selling Team at REMAX Specialists in Jacksonville Florida at 904-260-3787 to schedule a private tour contact Diane Hayes at 904-881-5354
This home will not disappoint!

Tuesday, April 7, 2009

The Peninsula Condos in Jacksonville Meet Guidelines, Search Peninsula Condos for sale

From The Jacksonville Business Journal


The city’s tallest residential tower has met strict new lending guidelines set by Fannie Mae. The Peninsula, the 38-story tower on the Southbank, is now in compliance with new lending guidelines Fannie Mae put in place in January. That will make it easier for buyers to get loans to buy units in The Peninsula. As of Jan. 15, Fannie Mae ceased offering loans for new construction and condo conversions unless the project was 70 percent closed, has no more than 30 percent investor participation and no more than 15 percent delinquencies on dues or assessments. “This is a huge coup for the Peninsula,” said Derrick Levy, a senior loan officer with Bank of America, the preferred lender for The Peninsula. “In addition to writing loans, it also means that an unlimited amount of refinancing can be done within the project. Other projects are at a huge disadvantage because there’s virtually no other financing available.”

The developer of the project, American Land Ventures, started construction on The Peninsula in 2005.



To search for Condos for sale in The Peninsula in Jacksonville Fl.

Click on the frame below


Thursday, March 26, 2009

Home sales up in Florida, Prices Down

While sales of existing homes in Florida rose for the sixth month in a row, prices remained significantly depressed.

Existing home sales in the Sunshine State rose 20 percent, with 9,858 homes sold statewide, up from 8,181 homes sold during the same month last year, according to the latest housing data from the Florida Association of Realtors.

The sale of existing condos was up 15 percent last month to 3,198 from 2,785 units sold in February 2008. February condo sales were up 25.1 percent over the total units sold in January.

The statewide existing condo median sales price last month was $109,300, down 37 percent from last February, when the median sales price was $173,900.

Thirteen of Florida’s metropolitan statistical areas reported increased existing-home sales in February, while 11 MSAs also showed gains in condo sales. That marks the eighth month in a row that a number of markets have reported increased sales.

However, prices remain down, the result of discounted sales and foreclosures.

The statewide median sales price for existing homes last month was $141,900 – down 29 percent from a year ago, when it was $199,300.

The median is the midpoint of sales prices: Half the homes sold for more, half for less.

In Jacksonville sales were up 6 percent and the median price fell 11 percent to $159,500. Condo sales fell 26 percent and the median price was down 17 percent to $118,600.



From the Jacksonville Business Journal

Remax.com on the move again

From remax
Hitwise Rankings: remax.com Climbs to No. 5

Could consumers in transition be thinking about buying? In February, remax.com jumped from the seventh spot to the fifth spot on the Top 20 Hitwise Real Estate Rankings - passing up Rent.com for the first time in five months.

Hitwise, a subsidiary of Experian, has been collecting and analyzing data directly from Internet Service Providers (ISPs) since 1997. The data is based on the percentage of online traffic to the domain name.

Top 10 Hitwise Real Estate Ranking Report, February 2009
1. realtor.com - 6.97 percent
2. Yahoo! Real Estate - 4.38 percent
3. Zillow - 3.10 percent
4. ZipRealty - 2.53 percent
5. remax.com - 2.05 percent
6. Rent.com - 1.89 percent
7. hud.gov - 1.70 percent
8. Homegain - 1.66 percent
9. ServiceMagic - 1.63 percent
10. Trulia - 1.50 percent

Thursday, March 19, 2009

Home statistics for Jacksonville Florida


Some numbers I ran today are pretty interesting.
Total Active Residential Properties on the market in Jacksonville and Northeast Florida according to the Northeast Florida Association of Realtors is
12,892 total homes for sale.
Of that number 2,400 of those are pre-foreclosures or short sales!!!
that staggering number does not include the 829 REO (Bank, FHA and Va) Owned properties.
To search homes for sale in Northeast Florida go to our main website homes-jacksonville.com

Monday, March 9, 2009

$8,000 home buyer tax credit Jacksonville Fl

Here is some info on the new tax credit for first time home buyers in Jacksonville Florida.
Home Buyer Tax Rebate First Time

* The tax credit is for first-time home buyers only.
* The tax credit does not have to be repaid.
* The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
* The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
* Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.


For Questions about this tax credit you can go here

Or contact our Remax Team at 904-260-3787 and we will put you in contact with the right people.

Wednesday, March 4, 2009

810 lilac jacksonville florida 32259

Great place to call home, extremely great schools, well maintained home with new kitchen and many other upgrades, family room overlooks lanai to small/medium size back yard.
Don't miss your chance to own this home!
$8,000 tax credit available for this home for first time home buyers!!!!

Jacksonville Florida Real Estate Market

Florida's housing market took a 4 percent drop in sales in 2008, according to the year-end housing data released by the Florida Association of Realtors.

The Jacksonville market suffered, too, with a 20 percent loss, but was buoyed by a strong December.

A total of 124,215 existing homes sold statewide compared to 129,855 homes sold statewide in 2007.

The price drop was dramatic: the median price for existing homes was $187,800 at year-end 2008; a year previously, it was $234,300 for a 20 percent decrease.

In the Jacksonville market, the prices were 8 percent less than 2007.

In the year-to-year comparison for existing condos, 37,797 units sold statewide in 2008, a decrease of 10 percent. The statewide existing condo median sales price was $164,400 compared to $205,200 for a 20 percent decrease.

The state closed on a strong note as existing home sales rose 27 percent in December with 11,053 compared to 8,712 in December 2007.

Florida Realtors also reported a 12 percent gain in statewide sales of existing condominiums in December.

Florida's median sales price for existing homes in December was $155,500; a year ago, it was $213,600 for a 27 percent decrease. In Florida's year-to-year comparison for condos, 3,138 units sold statewide compared to 2,814 sold in December 2007 for a 12 percent increase. The statewide existing condo median sales price last month was $130,600; in December 2007 it was $192,600 for a 32 percent decrease.

Taken from Realty Builder Connection

Thursday, February 26, 2009

Magnolia Point Golf And Country Club Pool Home for sale

Great Open Floor Plan on this well priced home, over $70,000 price reduction on this home at 3399 Olympic in Green Cove Springs Florida.
Beautiful screened and heated pool, secluded by a hill, gated neighborhood with low fees.

Thursday, February 19, 2009

New Home for sale Bartram Trail 32259

Great new listing, priced to sell, large 4/3.5+ Bonus Room,+ an office!
Heated pool 3 car garage, 1.4 acre lot, all priced for $525,000.
This is truly the best buy in the neighborhood!

Thursday, January 29, 2009

Builders giving more incentives

In the time frame from when I posted the link on new housing lows, I received 3 e-mails on new construction incentive, 5K bonus for me from SEDA construction, 5 % co-op on DR Horton, and something else from another builder about a large up front bonus once the home is at foundation.
Bottom line, builders want you (home buyers).
Make sure you have good representation when you go to meet a builder in Jacksonville, our services are free to you, and we represent your interests.
Contact The Broxson Home Selling Team at Re.max Specialists
904-260-3787 to find out about new homes in Jacksonville

DR HORTON in jacksonville Florida offering buy down

DR Horton has a new deal to entice you to purchase a home
They will buy down your rate to a 2 7/8ths for the first year, then 3 7/8ths for the second year, 4/7/8ths for the third year then a fixed rate for the Fourth years and beyond at 5.336
Not a bad deal, this is not available at all communities, contact our real estate team at 904-260-3787
for more info, see the post below to find out why DR Horton is doing this.

13,000 homes for sale in Northeast Florida

I just went through and pulled some info on our current Jacksonville housing market, 13,000 single family homes for sale, that number is down from last year however the interesting fact is that only 9300 of those homes are not in some sort of distress!
Meaning almost 4,000 homes currently listed in the Northeast Florida Multiple listing service are either short sales, pre-foreclosures or Foreclosure REO properties.
As always you can search the MLS at our main website www.homes-jacksonville.com

New home sales DROP

WASHINGTON (MarketWatch) - U.S. new home sales fell 14.7% in December to the lowest level on record,, the Commerce Department estimated Thursday. The decline in new-home sales to a seasonally adjusted annual rate of 331,000 was far below the 390,000 pace expected by economists surveyed by MarketWatch. New-home sales in November were revised to a 388,000 level compared with the previous estimate of 407,000. There were 482,000 new homes sold in 2008, down a record 37.9% from 776,000 sold in 2007. This is the lowest since 1982. The months' supply of homes on the market rose to 12.9 months in December from 12.5 months in November. Median sales prices have fallen 9.3% in the past year to $206,500

Sunday, January 4, 2009

Remax.com moving up on searches again

Internet Search Terms: Network Claims Two Spots in Top 10

While the word "remax" has long ranked as the No. 2 search term for consumers seeking real estate information online, another phrase - "remax.com homes for sale" - gave the network a second spot in the Top 10 for November.

According to the November search-term report by Internet traffic analysts Hitwise, "remax" trails only "realtor.com" in usage by consumers seeking real estate Web sites. The "remax.com homes for sale" phrase ranked No. 9.

In related news, remax.com continues to rank on the Hitwise list of Top 10 Web sites in terms of traffic.

Hitwise, a subsidiary of Experian, has been collecting and analyzing data directly from Internet Service Providers (ISPs) since 1997.

The search terms in the report were ranked by volume of searches that successfully drove traffic to Web sites in the Hitwise Real Estate category for the four weeks ending Nov. 29, based on U.S. Internet usage.

Hitwise Real Estate Search Term Rankings, November 2008
1. realtor.com - 2.32 percent
2. remax - .60 percent
3. zillow - .56 percent
4. real estate - .42 percent
5. apartments for rent - .40 percent
6. zillow.com - .36 percent
7. realtor - .36 percent
8. century 21 - .35 percent
9. remax.com homes for sale - .32 percent
10. coldwell banker - .32 percent

This is so important for you if you are selling your home in Jacksonville, close to 90% of home buyers find their Realtor or new home on-line, Remax.com is dominating search and viewers.
Your home is featured on Remax.com if you list w/ a Remax agent.
This is a huge advantage for you against your competition when selling your home.
Contact our Re/max team at 904-260-3787 to sell your home using our services