Episode #20 – Huge Home with Gulf Views only $182k

This week’s features:

  • Deal 1 – 4 Bed 2.5 Bath Gulf-view home $182k
  • Deal 2 – 3 Bed Gulf-front condo at Majestic less than $300k
  • Deal 3 – Huge NICE Newer home with screened in pool $125/foot

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Click the “more” tag for show notes and pictures.

Call us at 850-527-5651 to see these properties or for anything else you need regarding real estate in Panama City Beach.

Show Notes

Deal 1 – 4 Bed 2.5 Bath Gulf-view home $181k

  • List Price: $181,800
  • Square Feet: 1,935
  • Price/SqFt: $93.95
  • 4 Bedrooms, 2.5 Bath
  • Built in 2006
  • This huge home is right on Beach Drive on the East end of Panama City Beach. This is an Attached Single Family home that is three stories with tons of square footage. From the second floor balcony you have a peek of the gulf, but that peek turns into more of a view the higher up you are. Off the third floor balcony is a staircase that takes you up to a roof terrace that offers remarkable views of the beautiful Gulf of Mexico. This townhome has new carpet and is in great shape.

Deal 2 – 3 Bed Gulf-front condo at Majestic less than $300k

  • List Price: $289,000
  • Square Feet: 1,185
  • Price/SqFt: $243.88
  • 3 Bedrooms, 2 Bath
  • Built in 2005
  • 3 bedroom 2 bath gulf-front condos that are less than $300k are a rare find in Panama City Beach, much less in a great resort such as Majestic Beach Resort. This property has tons of larger than life amenities and was actually recently featured on SeePCB.com. This condo comes with a home warranty and is rental ready. The furniture is not included with the price, but we’ve been told that is negotiable with a good offer.

Deal 3 – Huge NICE Newer home with screened in pool $125/foot

  • List Price: $242,000
  • Square Feet: 1,936
  • Price/SqFt: 125.00
  • 3 Bedrooms, 3 Bath
  • Built in 2002
  • This amazing home is very spacious with huge 20 foot ceilings in the main living area and awesome wrap around porches on the first and second floors. The pool is in perfect shape screened in to keep the bugs out. If you are looking for someone to take care of that pool, call James Watson with WatsonPoolCare.com. This home is situated on a double lot that measures 80 x 120 feet and is in a quite west end neighborhood.

Call us at 850-527-5651 to see these properties or for anything else you need regarding real estate in Panama City Beach.

The Mystery of The Right Price – How to sell your home

Here comes that PRICE word again!!!

Forgive me for coming back to an old topic at the risk of repeating myself. . . I will because it is oh so important. It is a perplexing and exciting time in Real Estate right now. Comparative Market Analysis are pumped out over the computer and printer more than ever to determine the value of a sellers home and also to determine what your buyer should reasonably offer on a property. I know many of you are tired of hearing it, but PRICE is everything today and getting it right to start with is even more important.

When I go to a listing presentation I come armed with a stack of statistics that point out what the market is with valid accurate data as well as common knowledge of the market. I do this because it is my job to the best of my ability to lead my seller into making an accurate pricing decision. Even with all that information and the News blaring the facts, it is very difficult for a seller to believe that his property is really worth so much less than he paid for it. People are still holding on to what they paid for it which has NOTHING to do with the value. Bottom line, trust your Realtor she really does want to give you value service by giving you accurate information that will help you.

Before I even go see my customers I call some of my trusted Realtor cronies to see what they have to say about the value of a home. Most of the time we are very close and mostly because we have all watched deals come and go because of failure to appraise. It makes sense to clear these issues up before you get to the bargaining table so I still suggest that the seller get an appraisal from a professional so the price is right to start with.

My main push for the importance of this is the same as it was half a year ago when I brought it up. IF you have decided to sell your home then the best time to price it right is when you list it and not after it has languished on the market for several months. While your home is priced wrong all the qualified buyers are walking right past your home to the next one down the street. The right price is also a protection to the Seller to make sure he gets the maximum dollar for his home. And again the really good news is if you are selling low then you get to buy low.

I hear the arguments already brewing: But Karen, what about style, quality, location and all those things that buyers look for. Your right, buyers still want a beautiful home in a nice area with great amenities and they can have that but they are not willing to pay more than the market value for all of that. It may sound at first that us Realtors are not on the side of the sellers but we really are and we want to sell your property for the best price that we can get. We put great energy, enthusiasm and professionalism in doing so and remember the higher your sale price the higher our pay check too. The fact remains we need to price it right and do it correctly right off the bat to make a successful timely sale.

Good news abounds for there are many buyers out there that are qualified and ready to buy and they are looking for just the right deal. Most of my Realtor buddies are busier than they have been in years. Great interest rates, quality inventory and New Buyer tax credits to entice the fence straddlers are keeping the phone lines hot. Time is also running out for the New buyer Tax Credit (must close by end of November) so get those houses PRICED RIGHT NOW so they can fly off the shelf!!!!

Home Prices Post GAIN

We have received more good news on the housing market this past week beginning with Last Friday’s report from the National Association of Realtors’ report on July existing home sales which showed a jump of 7.2% over June and up 5% from July of 2008. It was the biggest month-over-month increase in existing home sales since NAR began tracking the statistic in 1999.

On Tuesday, the S&P/Case-Shiller Home Price Index showed home prices increased 2.9% in the three months ending June 30th. This was the first quarter-over-quarter increase in three years providing further evidence that the housing market has since bottomed and is on the road to recovery. Late breaking news on new home sales came in this morning which showed a jump of 9.6% in July, the highest level since September 2008.

Mortgage rates have stayed in a range over the past week with only mild daily fluctuations in contrast to the increased volatility we had seen in the week prior. The Fannie Mae/ Freddie Mac conforming fixed-rate for single-family purchases stands at 5.375% with no points and the fifteen year stands at 4.625%. Rates have been helped by tame inflation reports and a well received government bond auction last week.

Rates have even managed to brush off a better than expected 4.9% increase in durable goods orders reported today with bonds actually a hair higher after the report. I expect rates will remain in their current range over the next week as they have for the past month or so. In the longer term, we will have to see if there are further signs of an improving economy and, if so, will those signs be strong enough to bring some inflationary fears back into the market. So far all indications are that though we are in the beginnings of a recovery, it will be very slow and take some time to fully rebound.

PCB Stimulus – 100 FREE Letterpress Business Cards

082409_letterpress_fresh_impression

Has the recession got you down?  It seems these days, everyone’s blaming everything on the recession.  Ad sales are down, blame it on the recession; business is slow, blame it on the recession; tourism numbers are down (actually they were up, more on that later), blame it on the recession; my iPhone is working and 3G is great but sometimes it just doesn’t seem to pick up in brick buildings, under bridges or in between condo towers, blame it on the recession!!

We’ve teamed up with local businesses, friends, and ourselves and decided to offer a little relief in the form of giving all kinds of stuff away.  In fact, as long as people keep giving us stuff to give away, we’ll keep giving it away to you!

So, here’s what we’re giving away this week:

100 Two Color, One Sided 3.5 x 2 inch Business Cards, printed on high-quality hand-made paper.  The winner gets their choice from 3 custom designs and let me tell you these cards are sweet.  Everything from Fresh Impression is done by hand on a Letterpress, and if you’re not familiar with what a Letterpress is: it is a rather large mechanical piece of machinery that imprints a custom design on really thick paper.  While it “presses” the patter/design, it inlays ink that is applied by hand to a “plate” leaving an inked “impression” that leaves a HUGE impact on your customers.

If you have any questions about letterpress or if you want to see samples of their work, you can contact the guys at Fresh Impression.

To win, just post a comment below telling us how you are going to use the cards, and yes, feel free to plug your business.  At the end of the week (or next Monday, rather) we’ll draw one lucky person from all the comments and put you in touch with the Fresh Impression guys.  Be sure to use your correct name and email address so we can get in touch with you.

If you are a local business and want FREE ADVERTISING on the most read web site exclusively about Panama City Beach, email me and tell me what you have to give away and we’ll get you in line for the PCB Stimulus Giveaway!

AGENDA: TDC to Review Media/Public Relations Agencies

At this week’s TDC Meeting, Susan Estler Vice President of Markets, perhaps still reeling from last week’s community forum on Spring Break, will present to the board her recommendations on creative, media buying and public relations agencies for review.

AGENDA

MARKETING COMMITTEE MEETING
Panama City Beach Convention & Visitors Bureau, Inc.
Panama City Beach
Thursday, August 27, 2009
9:00 a.m.
Board Room, Visitor Information Center

I. CALL MEETING TO ORDER

II. ROLL CALL

III. REQUESTS TO ADDRESS THE COMMITTEE ON AGENDA ITEMS (3 Minutes)

IV. REVIEW AND MAKE RECOMMENDATIONS ON CREATIVE, MEDIA BUYING, AND PUBLIC RELATIONS AGENCIES OF RECORD TO THE PANAMA CITY BEACH CONVENTION & VISITORS BUREAU, Ms. Susan Estler, VP of Marketing

V. AUDIENCE PARTICIPATION

VI. ADJOURNMENT

To download the agenda please click here.

The PcbDaily Show

Coming soon will be an all new video show from your’s truly, pcbdaily.com.  With commentary on the most updated news and information on Panama City Beach provided by myself, Cebo and guests, you’re sure to be “compelled” and entertained.

That’s all for now, more info coming soon!