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Misc Jacksonville Real Estate Agent News

New Better Much Improved Jacksonville Waterfront Homes Search now Available

May 22, 2010

Jacksonville and Ponte Vedra Waterfront Homes For Sale Search It only took about 20 days after a very painful site crash to get the website back in gear.  However, the site is now better than ever! Very Good News: For any waterfront homeowners who are considering selling this season, I am seeing a spike in [...]

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Wells Fargo Short Sale

March 26, 2010

Wells Fargo has been one of the easiest banks to work with on Short Sales.  They are a bank, so they still have red tape, longer wait times, etc, but they are by far one of the best banks to work with – hands down! Go directly to the banks website:  Wells Fargo Short Sale [...]

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#1 Most important when Selling a House in Jacksonville or Ponte Vedra

March 25, 2010

The #1 most important item when selling a house:  PRICING! Demand for housing is very low and inventory very high which results in lower prices.  However, many owners and agents still price homes too high. 4 Reasons Owners Price their homes too High: Good Ole Days:  “3 years ago our neighbor sold for $xx”. Purchased [...]

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Short Sales can Sell Fast in Jacksonville FL

March 23, 2010

Supply and Demand is always in control of the real estate market.  Too much supply & very low demand and prices go down.  This is where we are in today’s real estate market and it’s tough for many home owners to understand. When prices go down, many are left owing more than the home is [...]

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Bank of America Short Sale

March 14, 2010

It’s been widely noted on this site and others that discuss short sales:  Bank of America has been one of the most painfully slow banks ever imagined when trying to complete a Short Sale. Bank of America Short Sales are starting to Speed Up! Bank of America introduced a new automated system that we use [...]

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Just Served Foreclosure Papers – What to do

March 9, 2010

After about 4 months of not paying your mortgage, most banks have an automatic button that gets pushed to start the foreclosure process.  You will know when this happens as they will “serve” you papers. Being served foreclosure papers is not fun.  The first thought is that you must move by morning….which isn’t true. You [...]

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Jacksonville Home Price Index 2010

February 25, 2010

The latest data from Zillow on Jacksonville home prices. Zillow Home Value Index More Jacksonville Home Values

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Short Sale becoming a House Hold Name

February 23, 2010

A few years ago, if you mentioned a Short Sale, most people would look at you with a puzzled look on their face.  Today, many are becoming educated on exactly what a short sale is…first hand.  It’s becoming a common term in every household. I predict over the next 12 months the term “Short Sale” [...]

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Waterfront Short Sale for sale in Jacksonville Florida

January 28, 2010

Waterfront Short Sale in Jacksonville Florida Bank has previously approved the pricing!  5243 Trout River Blvd, Jacksonville, FL  32208 Brad Officer – Short Sale RE/MAX Specialists – Jacksonville and Ponte Vedra, FL

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Why do Short Sales take so Long

January 27, 2010

A hot topic:  Why do Short Sales Take So Long? As home values have dropped by 20-30%+ in Jacksonville and Ponte Vedra, FL, many of the real estate transactions taking place are Short Sales.  The only thing short in a short sale is the amount of money to cover the existing mortgage.  By nature, short [...]

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Loan Modification doesn't Work

January 25, 2010

Horror stories are now floating around everywhere about failed Loan Modifications.  I’ve witnessed many of these first hand as friends have attempted to get modifications and they flat out fail. Several Major Concerns with a Loan Modification: You agree to “modify” a loan on an over valued house that could take DECADES to break even.  [...]

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First Step when looking for a Waterfront Home

January 20, 2010

Step 1:  Get pre-approved before shopping for your Waterfront Home Human nature dictates that we must always go shopping for a new waterfront home before we line up financing.  It’s a fact of life.  Rarely have I ever met anyone that gets their financing lined up first before they started shopping.  I’m guilty as well. [...]

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Loan Modification is a Bad Idea and Doesn't work!

January 15, 2010

I have many articles within this website advising clients to go down the path of a Loan Modification before they go for a short sale.  I reserve the right to change my opinion or contradict myself.  I currently believe if the home is too far upside down in value – you are better off getting [...]

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What price will the bank take in a short sale

January 8, 2010

Hot question of the day: I owe $X, do you think the bank will take $y? When selling your home via Short Sale, most people think the bank is concerned about what is owed on the property.  Regardless of what is owed, the bank’s only concern is what the property is currently worth.  Again, the [...]

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Short Sale Tip for Home Owners in Jacksonville Florida

January 8, 2010

Short Sales are very complex and take everyone working together to finally get an approval from the Banks.  To learn more about short sales you can go to our Short Sale Information Guide. A trend has started to emerge within the Short Sales that we have been negotiating.  The banks, for what ever reason, have [...]

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Current Jacksonville Homes Sales Trend

January 8, 2010

The chart below is courtesy of Zillow.  It shows the current pricing trends in several areas of Jacksonville.  The graph points towards a slowing in the price drops on homes for sale in our area. Zillow Home Value Index You need the latest version of the Macromedia Flash Player.Download the free Flash Player now! More [...]

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2010 Real Estate Predictions

January 6, 2010

In the past month there has been numerous real estate predictions from hundreds of sources.  Economist, local papers, national papers, National Association of Realtors, local realtors, mortgage brokers, talk show host, etc.  Just about everyone of them fall into one of 3 categories: The Prices are going down The Prices are stabilizing The Prices are [...]

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Short Sales speed up for Jacksonville home owners

December 1, 2009

Short Sales are about to finally speed up!  The Treasury department is putting big pressure on mortgage companies to speed up the short sale process.  The MAJOR change: Answers within 10 days from the bank when a Short Sale offer is submitted The Short Sale changes can be found here. This change can’t happen soon [...]

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Jacksonville Waterfront homes market update

November 30, 2009

This is the latest market update for Jacksonville Florida and the surrounding areas for waterfront home sales. Jacksonville waterfront homes for sale – Jacksonville real estate agent – RE/MAX Jacksonville

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Mortgage rates are now in Record Low territory

November 30, 2009

The Wall Street Journal is reporting that the national average mortgage rate for a 30 year fixed loan is sitting at 4.78%.  That ties the record low! 4.78% is LOW There is always speculation on where mortgage rates are headed.  Right now, they are being held low by the governments federal funds rate.  However, they [...]

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