We saw a fantastic and exciting year for real estate in Flagler County and Palm Coast to say the least. There were several highlights to the year: The number of houses for sale decreased dramatically with 867 currently for sale. This number has typically been up around 2,000 at any given point in time over […]
As many buyers begin their shopping in the area they are surprised to find the selection lighter than they anticipated. Likewise, they are surprised to find the house they finally decided on is no longer available just days later. The truth is that the market has been changing with less properties available for sale and […]
As you might have been hearing in news reports, the Real Estate Housing Market is showing positive signs. The truth is that the local market has been showing positive signs for the last couple of years.
Let me start by saying, Trulia.com and Zillow.com are great companies that I think bring great additional resources for home shopping to consumers. I love their websites and resources they offer. Zillow.com became a hit with it’s “Zestimate”. Just recently Trulia.com launched, what I am guessing is a competitive response to Zillow’s “Zestimates”, called “Trulia Estimates”. […]
As I’ve said on several occasions it’s been an exciting last few years in Real Estate both locally and for Florida. Yes, I said “exciting”. It has been because there are a great deal of positives. All “markets” will naturally have their ups and downs. Real Estate is no different. What happened a few years ago was […]
At the beginning of 2010 I had said it was going to be a very interesting year. The tax credit was showing some promise to help boost home sales, but it remained to be seen as to what the effect would be once that credit ended. Initially contracts had to closed by June 30th. This spurred sales to perform very well in the first half of the year with the area running about 15% above the year before in terms of the number of sales and then fell off in July and the proceeding months.
The national average interest rate on a 30-year fixed mortgage is an astonshing 4.29%. Many buyers were obviously motivated by the tax credits last year and unfortunately the record-low interest rates get overshadowed. Are these rates a better benefit to make the decision to buy now if you are considering purchasing a home? Well let’s do the math and you’ll see that the truth is that these rates are the better benefit.
Like the rest of the country, Flagler County and Palm Coast saw a dip in the number of home sale closing in July to the tune of about 28%. 103 homes closed in July of this year compared to 142 in July of 2009. Year to date, the area still remains 7% above last year through August 25th in terms of the number of home sales. August through 8/25/10 has seen 82 closings and is slightly below the same period in August last year when 94 homes closed.
So you searched through homes. You’ve visited each one. And you’ve narrowed it down to which homes(s) your Making an offer in Palm Coastare interested in. Now it’s time to make the offer. The question becomes . . . how much? This is the part that is a little more complex than most people think and a lot of factors should be taken into account.
Recently the Flagler County Association of Realtors began transitioning over to Sentrilock lockboxes. These lockboxes add far greater security and peace of mind for sellers.