October 2013

Found 5 blog entries for October 2013.

To get absolute top dollar for your home, you must prepare your house for sale.  I'm always amazed at the condition of many homes I visit, and it's even worse when my Buyer customers start commenting on the poor condition of homes that are attempting to be sold for a premium price.  Don't make that same mistake!  Take the time and get your house ready for the market.

Top tips to prepare your house for sale:

  1. Start Outside:  Curb appeal can't be stressed enough.  Cut the lawn, edge everything, and trim back hedges and tree limbs.  Now is not the time want a "private" yard.  You want light and high visibility.  Fertilize, water, freshen the mulch, and get some seasonal flowers planted.  The importance of this front picture is everything.  It's
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Mortgage rates have been bouncing all over the place this year.  This chart shows the increase and decrease, although in the last week rates have dropped back down in the low 4.2% range for highly qualified buyers.  In other news the banks have started loosening up a bit.  The average credit score of borrowers has dropped from the high 700's we had a year ago down to the lower 700's.  This is a clear sign that the banks are becoming a little more aggressive at getting new loans in the door. 

Search Homes for Sale in Hot Communities in Jacksonville FL

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1. Find a waterfront real estate agent.  You want a true waterfront specialist.  The average agent will not have the knowledge needed to guide you through the waterfront buying process.

2. Get financing before you shop.  The mortgage market has heavily changed.  You will either be paying cash or most likely be in a Jumbo Loan.  Jumbo loan limits and down payment percentages are different between lenders.  The faster you can get your financing set up, the smoother your buying and closing process will be.  Contact Brad for our preferred waterfront jumbo loan lenders.

3. Consider the land more than the house.  Location is everything when it comes to waterfront.  You can always add on, renovate, update, or mow down and rebuild.  You can not change

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Interesting stats coming in from Realtytrac and Tyler Durden at Zerohedge.  The articles are referencing the overwhelming number of purchases that are both ALL CASH and institutional investor purchases.

Institutional investors are those large investor conglomerates like Blackstone that are buying up every house in Jacksonville under $200,000.  No kidding.  About as fast as I can get homes on the market under $200k, that are newer homes, and in good condition, I get all cash - sight unseen offers from my friends at Blackstone.   Regardless if they are short sales or not, they want them.

Jacksonville is one of their target markets, and the report stated several interesting facts:

- institutional investors made up 23 percent of home purchases in

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Waterfront home in Jacksonville are always in demand and now that the economic climate seems to be getting slightly more favorable, we are seeing even more sales at higher price points.

Some interesting Jacksonville waterfront home sales stats:

48:  The number of waterfront homes in Jacksonville sold in the last 90 days.

$3,500,0000:  The highest priced waterfront home that sold in the last 90 days.  (Picture of this Atlantic Beach beauty above).

9:  The number of waterfront homes sold above $1,000,000.

10:  The number of waterfront homes between $500k - $1mm.

$983:  The highest sold list price per square foot of these 48 waterfront homes.  (NOT the same house as pictured above).

$273:  Average price per square foot of all 19

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Listing information last updated on May 24th, 2019 at 3:38am EDT.