This is a solid question. We are seeing more and more commercial and residential properties popping up under the Foreclosure category. It's becoming the newest property type and what almost all investors are looking for. Even full time occupants are looking for these properties to move into. There are quite a few online at www.panama-city-beach-florida-mls.com for your viewing pleasure and search.
We also would like to welcome you to post your thoughts on this property type on www.InvestSmarter.com and share with others what is happening all over the country!
Friday, December 26, 2008
Saturday, September 13, 2008
In Tough Times, Owners Turn To Renting
One of the biggest things we advocate is finding a way to offset your expenses through rental!!! We have an entire breakdown of the costs and benefits of renting your second home or condo whether in the Panama City Florida Real Estate Market or anywhere in the country. As the article below mentions, many resort management companies are really charging a lot of money to handle this...and one point they don't mention is the fact that the repairs will eat up even more!!! Be careful of who you go with...ask for references and call them to see their satisfaction with the service. Read below and let us know your experience!
Daily Real Estate News September 12, 2008Renting Out a Second Home Offsets Costs Renting out a second home can be a source of income in a tight economy, but the competition is increasing, says Christine Karpinski, author of How to Rent Vacation Properties by Owner.Management companies charge between 30 percent and 40 percent, but many renters have success advertising on VRBO.com or Homeaway.com and handing the details themselves, according to Karpinski.Owners say they don’t make a ton of money renting out their second home, but breaking even is a realistic goal.In this economy, you may have the greatest chance of success if the home is located less than two hours from a city, Karpinski says.Source: Star-Tribune, John Ewoldt (09/09/08)
We are big fans of VRBO and Homeaway.com....we have one of our units www.OceanRitz2003.com on both sites and more than 3/4 of the renters come from those sites. They are qualified and ready to go. That being said, the real estate market in Panama City Florida is getting tighter and tighter, but if you have the time and can rent the unit out....you are getting back to the old days of being able to offset your overhead renting the unit out...and using it yourself!! Visit us online today at www.Panama-City-Beach-Florida-MLS.com to see more real estate in Panama City Florida for sale or if you are looking for a condo visit www.Panama-City-Beach-Florida-Condominiums.com and if you are just looking in the Panhandle, www.RandBCoastalRealEstate.com covers NW Florida.
Daily Real Estate News September 12, 2008Renting Out a Second Home Offsets Costs Renting out a second home can be a source of income in a tight economy, but the competition is increasing, says Christine Karpinski, author of How to Rent Vacation Properties by Owner.Management companies charge between 30 percent and 40 percent, but many renters have success advertising on VRBO.com or Homeaway.com and handing the details themselves, according to Karpinski.Owners say they don’t make a ton of money renting out their second home, but breaking even is a realistic goal.In this economy, you may have the greatest chance of success if the home is located less than two hours from a city, Karpinski says.Source: Star-Tribune, John Ewoldt (09/09/08)
We are big fans of VRBO and Homeaway.com....we have one of our units www.OceanRitz2003.com on both sites and more than 3/4 of the renters come from those sites. They are qualified and ready to go. That being said, the real estate market in Panama City Florida is getting tighter and tighter, but if you have the time and can rent the unit out....you are getting back to the old days of being able to offset your overhead renting the unit out...and using it yourself!! Visit us online today at www.Panama-City-Beach-Florida-MLS.com to see more real estate in Panama City Florida for sale or if you are looking for a condo visit www.Panama-City-Beach-Florida-Condominiums.com and if you are just looking in the Panhandle, www.RandBCoastalRealEstate.com covers NW Florida.
Wednesday, August 13, 2008
Panama City Beach Florida Rental Condominium Market
The rental market in Panama City is beginning to slow down somewhat after a wonderfully long season! We now anticipate some prices beginning to drop from a sales stand point. But we did take some time and would love the opporunity for feedback on a little redesign on http://www.oceanritz2003.com/. We have tried to add a few new things to do and some wonderful links to TripSmarter.com to help out also.
If you are in the market to purchase a condominium in Panama City Beach Florida, take some time to review http://www.panama-city-beach-florida-condominiums.com/ for wonderful information and all the condos on the market. This site is great because they do not ask you for a bunch of information to search. Very user friendly!
Have a great week and let us know how we can better help you today!
If you are in the market to purchase a condominium in Panama City Beach Florida, take some time to review http://www.panama-city-beach-florida-condominiums.com/ for wonderful information and all the condos on the market. This site is great because they do not ask you for a bunch of information to search. Very user friendly!
Have a great week and let us know how we can better help you today!
Thursday, July 10, 2008
Hot Topic: Foreclosed Property
Everyone is talking about the hot topic of Foreclosures and the relation to Panama City and Panama City Beach Florida Real Estate. The right buyer with the right guidance can make a wonderful investment in these types of properties...........however........you can get into a bad spot also if you are not careful!!
We have written an article on www.InvestSmarter.com about buying and selling foreclosures and short sale properties. Take some time to review those points online and see more details on the loop holes, tax benefits, and more importantly the potential bad outcomes with these types of properties.
The article below is an interesting take. Take a few minutes to read through the basic information and let us know your feedback/thoughts on the market.
Foreclosures Eased Compared to May
Foreclosures declined 3 percent from May to June but were still up 50 percent compared with June of 2007, according to RealtyTrac Inc., which monitors the foreclosure process.One in every 501 U.S. households received a foreclosure filing last month.Foreclosure filings increased from a year earlier in all but 11 states. Nevada, California, Arizona, Florida and Michigan continued to have the highest foreclosure rates.In today's market, about 50 to 60 percent of borrowers nationally who receive foreclosure filings are now likely to lose their homes, said Rick Sharga, RealtyTrac's vice president of marketing, compared with a typical rate of about 40 percent.
Source: The Associated Press, Alan Zibel (07/10/2007)
For more information on the Panama City Florida Real Estate market take a look online and see what is available in our area. If you are wanting updates on short sales or foreclosures, contact us and let's see if we can't put together a series of emails with these types of properties. Always feel free to look online at www.Panama-City-Beach-Florida-MLS.com for available properties in the Panama City and Panama City Beach Florida Real Estate market.
We have written an article on www.InvestSmarter.com about buying and selling foreclosures and short sale properties. Take some time to review those points online and see more details on the loop holes, tax benefits, and more importantly the potential bad outcomes with these types of properties.
The article below is an interesting take. Take a few minutes to read through the basic information and let us know your feedback/thoughts on the market.
Foreclosures Eased Compared to May
Foreclosures declined 3 percent from May to June but were still up 50 percent compared with June of 2007, according to RealtyTrac Inc., which monitors the foreclosure process.One in every 501 U.S. households received a foreclosure filing last month.Foreclosure filings increased from a year earlier in all but 11 states. Nevada, California, Arizona, Florida and Michigan continued to have the highest foreclosure rates.In today's market, about 50 to 60 percent of borrowers nationally who receive foreclosure filings are now likely to lose their homes, said Rick Sharga, RealtyTrac's vice president of marketing, compared with a typical rate of about 40 percent.
Source: The Associated Press, Alan Zibel (07/10/2007)
For more information on the Panama City Florida Real Estate market take a look online and see what is available in our area. If you are wanting updates on short sales or foreclosures, contact us and let's see if we can't put together a series of emails with these types of properties. Always feel free to look online at www.Panama-City-Beach-Florida-MLS.com for available properties in the Panama City and Panama City Beach Florida Real Estate market.
Tuesday, June 24, 2008
Beachfront Living is great....Make sure you know all the facts if you are coming from a different climate
Everyone loves being at the beach. There are a few things though that you should consider before buying a home or second home on the beach. Feel free to search www.Panama-City-Beach-Florida-MLS.com for what's for sale along the beach and the coastline of Northern Florida.
Daily Real Estate News June 24, 2008
Tips for Beachfront Buyers
Global warming, erosion and destructive weather are helping slow sales and pushing down prices in beach communities.Even in pricey areas, such as the Hamptons on Long Island, N.Y., or Palm Beach, Fla., prices are flat or sinking as speculators flee markets still reeling from the housing downturn.Waterfront property will always be attractive to some buyers, but here are some issues that even the most enthusiastic lovers of sun and sand should consider: Changing shorelines. Each coastal state does a geological survey of its coast. Buying a home where the state thinks the shoreline won’t shrink is wise.How expensive is the insurance? The price and availability of homeowner’s, flood and wind insurance can be an issue for many buyers.How easy is it to rent? Competition for renters is high in overbuilt areas. Beware of fringe markets. Areas that were billed as up-and-coming during the housing boom have depreciated quickly.Source: Forbes, Matt Woolsey (06/17/2008)
These are interesting points to consider so make sure you are working with someone that can give you the facts and help us share your successes online with www.InvestSmarter.com and our affiliates today!
Daily Real Estate News June 24, 2008
Tips for Beachfront Buyers
Global warming, erosion and destructive weather are helping slow sales and pushing down prices in beach communities.Even in pricey areas, such as the Hamptons on Long Island, N.Y., or Palm Beach, Fla., prices are flat or sinking as speculators flee markets still reeling from the housing downturn.Waterfront property will always be attractive to some buyers, but here are some issues that even the most enthusiastic lovers of sun and sand should consider: Changing shorelines. Each coastal state does a geological survey of its coast. Buying a home where the state thinks the shoreline won’t shrink is wise.How expensive is the insurance? The price and availability of homeowner’s, flood and wind insurance can be an issue for many buyers.How easy is it to rent? Competition for renters is high in overbuilt areas. Beware of fringe markets. Areas that were billed as up-and-coming during the housing boom have depreciated quickly.Source: Forbes, Matt Woolsey (06/17/2008)
These are interesting points to consider so make sure you are working with someone that can give you the facts and help us share your successes online with www.InvestSmarter.com and our affiliates today!
Monday, June 16, 2008
Foreclosures Hitting Renters Hard Also
Ok....many people are talking about the investors and homeowners who are falling victim to the foreclosure market and doom to come...what about the renter? Not much has been published about what happens to the lonely little renter that has been happily making his payments all along and next thing he knows....time to go! The property has been foreclosed on and out with the renter! The article below addresses some of the concerns aroudn this issue and unfortunately it's just about to begin with more and more of these type problems around the country not just here in Panama City Florida!
Daily Real Estate News June 16, 2008
Renters Feeling Foreclosure Pain
Renters, including tenants who are in good standing on their rent payments, are being forced to move out quickly when the property goes into foreclosure. After the owners of the rental properties receive their notice of foreclosure, it often leaves a couple of months to less than a week before the property must be evacuated.Lawyers who help troubled renters say the problem is worsening.Nevada Legal Services, which estimates that 5,000 renting families have been forced out of their homes in the past 18 months, says lenders do not know how to deal with such tenants. "We did speak with one bank lawyer who said the liability is so extreme that it's worth it to just let the house stay empty," says Nevada Legal Services director Anna Marie Johnson. The Mortgage Bankers Association reports that about 20 percent of recent foreclosures have been against investors who did not live in the home, but the group believes the number could be higher, partly because many investors sought the financing advantages of having property categorized as owner-occupied. Source: Reuters, Patrick Rucker (06/16/08)
For more information on why investing the right way is important to keep things like this from happening, please visit us online at www.investsmarter.com
Daily Real Estate News June 16, 2008
Renters Feeling Foreclosure Pain
Renters, including tenants who are in good standing on their rent payments, are being forced to move out quickly when the property goes into foreclosure. After the owners of the rental properties receive their notice of foreclosure, it often leaves a couple of months to less than a week before the property must be evacuated.Lawyers who help troubled renters say the problem is worsening.Nevada Legal Services, which estimates that 5,000 renting families have been forced out of their homes in the past 18 months, says lenders do not know how to deal with such tenants. "We did speak with one bank lawyer who said the liability is so extreme that it's worth it to just let the house stay empty," says Nevada Legal Services director Anna Marie Johnson. The Mortgage Bankers Association reports that about 20 percent of recent foreclosures have been against investors who did not live in the home, but the group believes the number could be higher, partly because many investors sought the financing advantages of having property categorized as owner-occupied. Source: Reuters, Patrick Rucker (06/16/08)
For more information on why investing the right way is important to keep things like this from happening, please visit us online at www.investsmarter.com
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