The Beach Show – Gulf Front Steals

The Beach Show is part of our Real Estate category where we talk a bit about real estate in the Panama City Beach area.  If you have awesome video content you’d like us to feature, talk to us about advertising, and we’d be glad to consider your content.

This post originally appeared on The Beach Show which airs a new episode of super hot real estate deals each Wednesday morning.

This week on The Beach Show, those zany girls look at two steals on the gulf: a 3 bedroom in Emerald Beach for less than $400k and a 3 bedroom in Sterling Reef for $265k.  The third deal looks like an amazing home with gulf views in Seacrest Beach.

Panama City Beach 2010 Real Estate Market Summary

This article is part of our Real Estate category where we talk a bit about real estate in the Panama City Beach area. This post originally appeared on Blog.PanamaBeachRealty.com which often talks about real estate market conditions in Panama City Beach.

Initially, the 2010 Panama City Beach real estate market was stronger than in 2009. However, potential buyers became worried about the possibility of the Deep Horizon Oil spill, so sales declined in April and remained depressed until September. When purchasers realized that the spill would not affect the area, September 2010 sales volume increased. This still was not enough to return to 2009 levels.

Continue reading “Panama City Beach 2010 Real Estate Market Summary”

Lakefront Home in Riviera Beach [$185k]

The Beach Show is part of our Real Estate category where we talk a bit about real estate in the Panama City Beach area.  If you have awesome video content you’d like us to feature, talk to us about advertising, and we’d be glad to consider your content.

This post originally appeared on The Beach Show which airs a new episode of super hot real estate deals each Wednesday morning.

This week they have ALL THREE DEALS under $186k.  The first one is on a quaint lake in Riviera Beach – a 3 bedroom, 2 bath with a covered car port.  Hot deal number 2 is also in Riviera Beach, similar size as hot deal number 1, but it comes in at only $130k.  These two seem very nice for the price.  Deal three is a split floor plan with a HUGE master bedroom.

Gulf Views in Carillon for only $475k

This post originally appeared on The Beach Show which airs a new episode of super hot real estate deals each Wednesday morning.

This week we’re featuring a fantastic home in Carillon that enjoys amazing views of both Lake Carillon AND the Gulf of Mexico.  Deal 2 is a foreclosure in Tidewater Beach Resort – a 2 bed with a bunk room AND 3 full bathrooms.  This is only $184,900.  Amazing.  Deal three is over in Turtle Cove where we have lakefront lots that have been released starting at $379,990.

The BP Effect – Real Estate Suffers 45% Losses

The BP Effect series is brought to you by attorneys Reich & Binstock and Seeger Weiss LLP, which are helping businesses in Panama City Beach recover losses sustained directly and indirectly from the Deep Water Horizon oil spill. They can help your business too,
http://g.adspeed.net/ad.php?do=js&aid=93807&target=_blank

We just talked about how the oil spill impacted real estate at an individual Realtor level.  Karen Smith with Beachy Beach real estate was rocking hard at the first part of this year with record breaking sales numbers when everything dropped off in May.  For her, the BP Effect was dramatic, and real.  When the leak was fixed, it was like her business just “turned back on.”  There was a stark contrast between her August and September sales numbers.

The real estate industry as a whole on Panama City Beach has a similar story to be told.  This story is told by the sales numbers.  This second installment of a two part “mini-series” is going to be sort of a conversation-in-post look at what happened over the summer and in year’s past.

Continue reading “The BP Effect – Real Estate Suffers 45% Losses”

The BP Effect – A Realtor’s Tale

The BP Effect series is brought to you by attorneys Reich & Binstock and Seeger Weiss LLP, which are helping businesses in Panama City Beach recover losses sustained directly and indirectly from the Deep Water Horizon oil spill. They can help your business too,
http://g.adspeed.net/ad.php?do=js&aid=93807&target=_blank

In this series, we’ve talked about a variety of ways this past summer’s oil spill impacted a variety of industries, but this week we’re going to embark on a two article “mini-series” on the oil spill’s relationship with the local real estate industry.

Continue reading “The BP Effect – A Realtor’s Tale”

Centennial Bank Takeover of Coastal Community Bank Official

Many of you remember the emergence of Coastal Community Bank a few years back, during the real estate boom that swept through the Panama City Beach area like a hurricane.  Property values sky-rocketed and prosperity moved over the area like melted chocolate over a fresh red apple.  People were doing great, and banks were cropping up all over the place.  Not all of them would make it, even some of the ones that had been around for decades ended up faltering.  Coastal Community was one of them, but they seem to have been acquired by a good suit.

Continue reading “Centennial Bank Takeover of Coastal Community Bank Official”

Real Estate – Appraisers are not the Culprits

There have been a lot of anecdotal stories lately about how appraisals and appraisers contributed to the real estate meltdown and are currently preventing the market from recovering.  Your friends at www.condosaletrends.com (A certified general/certified residential appraiser in Colorado and Florida with 25 years of experience) would like to clear up some misconceptions. Continue reading “Real Estate – Appraisers are not the Culprits”

Your Mortgage Insurance Questions Answered?

What is mortgage insurance?

It’s a financial guaranty that insures lenders against loss in the event a borrower defaults on a mortgage. If the borrower defaults and the lender takes title to the property, the mortgage insurer (MGIC, for example) reduces or eliminates the loss to the lender. In effect, the mortgage insurer shares the risk of lending the money to the borrower. (Mortgage insurance should not be confused with mortgage life insurance, which provides coverage in the event of a borrower’s death, or homeowner’s insurance, which protects the homeowner from loss due to damage from fire, flood or other disaster.) Continue reading “Your Mortgage Insurance Questions Answered?”

Short Sale: The Lesser of Two Evils

You would think that we had exhausted the short sale dilemma but not hardly as I still get questions each week about whether someone should just walk away or try their hand at short selling their home.  In most cases although it is a test in patience a short sale may be a better option for a seller and sometimes a buyer as well. (will address buyer advantages next week)
Continue reading “Short Sale: The Lesser of Two Evils”