Posts tagged as:

RE/MAX

Jacksonville Home Values 2011

March 9, 2011

Home Values continue to drop nationwide but there are so many conflicting news stories about the housing market, it’s hard to know what is actually happening.  This graph from Zillow, shows the run up in values and then the fast decline of values to current day 2011.  I like this graph as it doesn’t interpret [...]

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Why this Jacksonville home sold in 5 days

February 15, 2011

Why did this home sell in 5 days? The Owner: Fully understanding the competition, the owners of this home made every possible cosmetic repair, curb appeal, and cleaning effort to a home that was already in great condition. The Price: We studied the comparable homes that had sold recently, and priced aggressively from the beginning. [...]

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Promissory Notes and Cash Contributions on Short Sales

January 21, 2011

Short Sale TREND ALERT: Banks are saying “Show me the money”. Promissory Notes and Cash Contributions are becoming very common in Short Sales Over the past few months, I’ve seen numerous request for a Promissory Note and/or Cash Contribution in order to allow the short sale.  Many times this is requested by the investor (Fannie [...]

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Update or Drop the Price? Jacksonville Real Estate Question of the Week

January 20, 2011

Deferred maintenance, old school appliances, worn out carpet, bathrooms from the 60′s 70′s 80′s, outdated kitchens, big brass light fixtures.  These are just a small fraction of the updates and renovations that many homes need.  When trying to sell, these are big negatives.  This brings up the question of the week: Should I update my [...]

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Top 5 Reasons to buy our Short Sale Listings

January 12, 2011

Buying a Home in Jacksonville? Have you noticed how many are short sales? Be careful! Not all Short Sales are created equally! Top 5 reasons you should buy our Short Sale Listings: . Sellers are screened: Who wouldn’t want to bail out of an upside down house right?  Well, not everyone can.  In fact, it’s [...]

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Chase Short Sale

December 21, 2010

Chase Short Sale Information Consider yourself lucky if you have a Chase mortgage and you need to complete a Short Sale in Jacksonville Florida. Chase has long been one of the slowest banks to work with in Short Sales, however they have recently started to turn the ship.  They now are attempting to get ahead [...]

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To Short Sale or not to Short Sale that is the question

December 11, 2010

Many homeowners are struggling to keep a mortgage paid and at some point the home selling discussions begin.  Not a fun place to be, however it is what it is. The first step is to obviously understand your finances.  Assuming you’ve already completed that and you’ve decided you must sell the house. go to step [...]

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Sell your Jacksonville Short Sale FASTER

November 24, 2010

Short Sales are not short as the name suggest.  Often called “Long Sales”, they are notoriously slow and seem to take forever to get to the closing table. You can speed this up by reducing the first phase of a short sale:  the amount of time that the home is on the market (selling it [...]

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Cost for doing a Short Sale in Jacksonville

November 24, 2010

Through the last 2 years of becoming very fluent in Short Sales, I’ve started seeing a growing trend in the cost for doing a short sale.  The cost have gone up…..a little. 5 legitimate expenses for doing a short sale based on experience. Attorney Fees: $500 to retain the Short Sale Attorney.  The attorney’s office [...]

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Why Short Sales take so Long

November 17, 2010

A very smart man with plenty of time on his hands, just spent a year trying to track his own mortgage.  I originally heard about this from Fox News, and then found the chart below on ZeroHedge.  Trying to figure this out is nearly impossible.  This is why Short Sales take forever and have become [...]

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Short Sale Low Ball Offers Don’t Work

November 12, 2010

Banks agree to take a less than is owed on the mortgage due to a financial hardship on the Seller.  To do this, banks go through a valuation process to determine the market value of the real estate being sold.  In my professional opinion, the valuation process is flawed, but that’s an article for another [...]

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Stop Shopping and Start Making Offers on your next Jacksonville Home

November 3, 2010

It’s Time to Stop Shopping and Start Making Offers Working on behalf of the Home Seller, I am present at many of the showings as buyer’s agents bring their buyers through the seller’s home.  I do this as a service for the waterfront real estate owners in Jacksonville, Ponte Vedra, St Augustine, and Orange Park.  [...]

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There are only 2 ways to price a home

September 28, 2010

Priced to Sell Priced to Keep This is one of my Canadian friend’s rule of thumb on pricing, and I fully agree.  In any real estate market cycle, this rule of thumb works.  It’s one of the keys to the success that I have had at liquidating properties for owners or banks who MUST sell. [...]

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Suntrust Short Sale

September 20, 2010

We’ve just been given another SunTrust approved Short Sale and the sellers, buyers, and all parties involved are ready to get this one closed. Suntrust Short Sales are not too difficult as long as the appropriate expectations are set upfront.  The way Suntrust currently works short sales is that all phases of the process are [...]

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Steps to start and complete a Short Sale – Hot topic of the week

September 14, 2010

We get calls from home owners in Jacksonville and Ponte Vedra who need to sell a home, but have been unable to get the mortgage company to give them an answer on doing a short sale.  These home owners are upside down in the mortgage, and attempt to get some kind of approval to do [...]

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Walking away from a home is a bad idea – Choose Short Sale

September 14, 2010

In Jacksonville Florida, many homes have been abandoned by the owners after frustration of dealing with a mortgage modification.  It’s happening in every neighborhood and in every income bracket. I blame the mortgage companies! The general public is not aware that a Short Sale is the best option versus just walking away from the mortgage.  [...]

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Is it a good time to buy real estate in Florida

August 30, 2010

Question of the month: Is it a good time to buy a home in Florida? Much of the web traffic BradOfficer.com receives is from out of state home shoppers looking for waterfront homes in Jacksonville, beachfront homes, oceanfront in Ponte Vedra, etc. Inquiries come from all corners of the U.S. often asking questions about specific [...]

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SunTrust Short Sale completed in Jacksonville

August 26, 2010

The elusive short sale of a SunTrust mortgage has undoubtedly caused many REALTORS to question their chosen field. The first Short Sale that I ever accomplished was in 2007 and it was a SunTrust Mortgage.  Back then, it was very smooth.  We spoke directly to the loss mitigation negotiator within a week, we had an [...]

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Who sets the Listing Price on a Short Sale

August 12, 2010

A home is only worth what someone is willing to pay for it and not a dollar more.  The value of the home instantly changes once the purchase is completed through a closing at which time the value changes again. In consulting with many home owners who owe more than their home is worth, we [...]

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Short Sales hold the key to Real Estate Market Stabilization

August 11, 2010

I’ve argued this point many times and I’m not backing down! Real Estate pricing across the United States continue to drop in almost every market.  Yes, I believe it is still too high due to the Supply and Demand principal.  We have too much Supply and not enough Demand which forces prices lower. My Argument: [...]

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