Jacksonville, FL Real Estate News

By Richard Newquist, 3 Minute Video Ads
(3 Minute Video Ads.com)
Jacksonville Rocks! Are real estate sales picking up in Jacksonville, Florida?  It does seem so. Anyone have an opinion? I can't find the references but I have read a couple of comments by realtors that have said they thought sales were picking up. Jacksonville has a lot going for it so it ought to be seeing an uptick.  It is the largest city in the U.S. by area and only has 865,000 residents.  Some of the Fortune 500 companies are located here.  JaxPort is booming, our highways are being expanded and we have six airports! Jacksonville Beach sales seem to be improving.  We have some of the best oceanfront deals in the country! We have great Intracoastal deals.  We have great river property deals.   
Comments 1
By Matthew Heavener
(ERA Heavener Realty Co.)
I have been working with a couple who want to purchase a shortsale or REO.  I understand the buyers want to take advantage of these deals right now.  However, I am horrified at the lack of service that the listing agents are putting into these transactions.  I cannot believe that agents will use excuses like "I have too many transactions, and your offer just got lost", or "I am doing too many transactions to respond to the offer you faxed, I only accept offers by email."  In Florida, a listing agent has an obligation to present any and all offers.  The idea that you would ignore offers that come in is astounding, irresponsible and potentially a legal liability.  If a bank discovered that they accepted a lower offer because the agent lost or rejected an offer based on the mode of deliver...
Comments 12
By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
I just came back from a Bill Cosby event at the Times Union Performing Arts Center in Jacksonville, FL.  A co-worker of my boyfriend gave us the tickets because they were unable to go at the last minute.My Dad loved Bill Cosby, and I watched the Cosby Show growing up, and I have not seen him before, so I was thrilled to go, especially for FREE! (a figure that is always in any budget!). Add to that he's a naturally funny man who does not need to use expletives or sexual humor to make you laugh.It was a great night - if he's coming to your town, I highly recommend it!
Comments 2
By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
I want to share the deal I took advantage of today at the Jacksonville, FL Costco - all CFL bulbs are on sale, and have an INSTANT REBATE offered by JEA that reduces the cost by $5 at the cash register!I bought 2 packages of 10 CFL's, 60 watt equivalent each at $13.99, and the JEA rebate brought that down to $8.99 per package.  My one package of 100 watt equivalent CFL's was priced at 11.79, before the JEA rebate of $4.60.I don't know how long these prices or rebates will last, so if you want to stock up on CFL's, now is a great time to do it!
Comments 3
By Bill Arce, Real Estate, Latino
(RealEstateLatino.com)
The Jacksonville Jazz Festival April 11-13 at the Florida Theatre and Metropolitan Park. Get ready for Jazz in Jacksonville!   The City of Jacksonville presents the Jacksonville Jazz Festival on April 11-13 at The Florida Theatre and Metropolitan Park.   Performers include Cassandra Wilson, Dave Koz, Najee, Poncho Sanchez Latin Jazz Band and many more.   To purchase tickets and for complete festival information, visit www.jaxjazzfest.com
Comments 3
By Bill Arce, Real Estate, Latino
(RealEstateLatino.com)
DOWNTOWN DEBUT OF MOVIES IN THE PARK WHAT:           Movies in the Park at Treaty Oak WHERE:      Jessie Ball DuPont Park, 1123 Prudential Drive WHEN:       Each Friday in April at 8 p.m. COST:        FREE  DETAILS:     As part of a special Downtown Movies in the Park series, you can come and enjoy free movies at the historic Treaty Oak in Jessie Ball DuPont Park.Hosted by JaxParks and sponsored by Downtown Vision, Inc., Suddath, 102.9 FM The Point and Rock 105, the movies will be shown at 8 p.m. each Friday in April.  All movies are rated PG.Make sure you dine at a great Downtown restaurant before the movie or order take-out for a picnic dinner.  Bring your lawn chairs and blankets for this spectacular spring night under the stars.  A food vendor will also sell concessions on site for ...
Comments 1
By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
I have heard from buyers many times:  "I only want to look at foreclosures, I want a really good deal!".I inform them about the pitfalls of foreclosures, which can include financing challenges, unseen issues with systems behind the walls, and unresponsive sellers (banks). There is an upsde to foreclosures as well, for the buyers who have the knowledge, and the resources to be able to repair just about anything. I just pulled the MLS Foreclosure stats for a few areas of the Jacksonville market, to see at what index the foreclosed homes were selling and closing at, so I can help buyers understand where they most likely need to be to purchase a foreclosure today. In 2008, Single Family Homes listed as foreclosures in the local MLS, 16 homes sold for the following sales price to asking pric...
Comments 1
By Matthew Heavener
(ERA Heavener Realty Co.)
I couple of years ago I sold a house to a couple who were young and could barely afford anything.  He was an aspiring children's pastor, and his wife was still finishing college.  I asked them if they would be willing to get something that needed "TLC", and they said that would be a good idea.  So, in a market where nothing was selling for less than $120K we bought at $80K, and boy did we have issues.The day after closing I met them to help them in their move.  The previous owner had left pets in the house and they had peed everywhere.  The A/C had been flooding the carpet and really brought out the stench.  It was foul, and to top it off the previous owner had left garbage everywhere.  One of his friends came in and quietly pulled me to the side and said, "Do you feel guilty selling th...
Comments 0
By Bill Arce, Real Estate, Latino
(RealEstateLatino.com)
Are you a Gator or a Seminole? Tickets are selling fast for the Florida vs. Florida State baseball game! Support your team and vote for your favorite. Don't miss your chance to see the Florida Gators take on the Florida State Seminoles at the Baseball Grounds on Tues, April 1st. Gates open at 4:30 p.m. with the first pitch at 7:05 p.m. Frank Frangie and Mike Dempsey with 1010 XL Radio will be broadcasting their show live. You can get your tickets now at www.jaxevents or at the Veterans Memorial Arena box office.You can also take our survey to vote for your favorite team. The number of votes will be announced on April 2.
Comments 1
Learning to use Jacksonville's transportation system is fun and can save a lot of gas. Explore Jacksonville's public transportation options. Learning to use this system can help make Jacksonville Fl a greener city. With the price of gas set to continue to get more and more expensive - living in a city with good public transportation will only help make real estate prices increase. Trying to locate a one source resource guide to find Websites that provide just about all the information you might want when visiting or moving to Duval County, in Northeast Florida. Jacksonville Florida is the hub of Duval county. Need information about County and city agencies, Schools, shopping malls, transportation, museums and zoos, media and utilities: Links to all of these resources are one click away....
Comments 0
By Christina Starner
(Watson Realty Corp.)
A ton is happening in the real estate market across the nation and here in our own backyard.  The interest rates to banks is going down and consumer loan rates are flucuating wildly.  I don't feel that we will be seeing the historic low rates of the past in that the banks are trying to recoop from the blows suffered from the free lending days that put us into the situation we are now dealing with.The days of enticing realtors to bring a buyer to a home for sale is gone.  It is the time that the price of the property and incentives to buyers will get the sale to happen.  Let's face it, internet is king and if you market a home to the buyer the buyer will bring the realtor. Realtors are the cornerstone of the business and should be used for any and all transactions.  You would have an att...
Comments 0
By Bill Arce, Real Estate, Latino
(RealEstateLatino.com)
 The following types of counseling are available Fair Housing Assistance, Home Equity Conversion Mortgage Counseling, Homebuyer Education Program, Loss Mitigation, Mobility & Relocation Counseling, Money/Debt Management, Mortgage Delinquency & Default Resolution Counseling, Post-purchase Counseling, Predatory Lending, Renters Assistance, and Services for the Homeless.Name / LocationContact PersonPhone/Fax CATHOLIC CHARITIES BUREAU, INC.134 E. Church StreetJacksonville, FL 32202-3130 Casey Myrickcmyrick@ccbjax.org(904) 224-0074 (904) 354-4718  (FAX)CCCS OF JACKSONVILLE1639 Atlantic BlvdJacksonville, FL 32207-3346Bill Thompson billt@fcsjax.org(904) 396-4846 ext. 128 (904) 398-6649 (FAX)CCCS OF JACKSONVILLE5000-3 Norwood Ave.Jacksonville, FL 32208Bill Thompson billt@fcsjax.org(904) 396-484...
Comments 0
By Bill Arce, Real Estate, Latino
(RealEstateLatino.com)
Great news.............................  Effective Monday, March 17th, the FHA limits have increased -  Volusia County           $303,750.00Flagler County           $287,500.00St. Johns                     $387,500.00Duval (Jacksonville)  $387,500.00                  Currently FHA does not look at appraisal issues concerning declining, and distressed markets, which affects the amount of down payment your buyers must have on a conventional loan. With FHA, the down payment is still 3%, with gift funds and grants permitted.   Also offers ways to overcome credit challenges.  If you have not already done so, please get familiar with FHA, this is will be the best option for many homebuyers in the next few years. This increase will make possible for many more home sales nationwide, and can inc...
Comments 1
By Matthew Heavener
(ERA Heavener Realty Co.)
I thought I would take a minute to explain why surveys are important.  I often handle the purchase of investment properties that typically involve the buyer being responsible for all closing costs.  In these situations I am constantly being asked to not order a survey.  When asked this I usually tell this story.I had taken a buyer to a property which he liked and the seller and the buyer agreed on a price.  About a week before closing the title company ordered the survey.  When it came back we had issues.  About two years prior the seller had decided to deed the front half acre of her property to her daughter to place a mobile home on it.  Unfortunately, the deed was incorrectly recorded and instead of splitting the lot horizontally the description on the deed split it vertically.  This...
Comments 4
By Ronda Densford, Realtor - Jacksonville and Northeast Florida
(Magnolia Properties)
I looked at 4 houses today with a client and was pleasantly surprised at the number of business cards in each of the homes. It looked liked the houses have been shown a LOT!  The owner of one of the listings was at home and told me that they had an offer on the table after only 1 week on the market!  Wow!  Things really appear to be picking up.  Are other agents out there seeing the same thing?  I'm wondering if these are tire kickers, or are they buyers?  Could the activity on the listings I looked at today mean that the market has turned? Let's hope so!
Comments 2
By Matthew Heavener
(ERA Heavener Realty Co.)
I deal with allot of investors, and every once in awhile I get connected with a "mark".  It seems like it is always the same story.  Some guy who drives a fancy car, wears a nice watch, and "big shots" impresses some fellow who makes an honest $25,000/year.  The "investor" tells the "mark" that he too can be a success if he just does what the "investor" tells him.  He doesn't need a REALTOR® because they are just middlemen and this is too complicated for a REALTOR®.  He doesn't need an attorney because the "investor" already hired one to make sure everything is ok.  The next thing the "mark" finds out is that he has signed a contract for four homes and is being rushed to closing.  He starts to raise an eyebrow when the four loans he closes on the same day say he is suppose to live in th...
Comments 5
By Ronda Densford, Realtor - Jacksonville and Northeast Florida
(Magnolia Properties)
Is that really a short sale??? There seems to be a LOT of homes advertised as a short sale these days in the Jacksonville area.  I want to learn as much as I can as fast as I can, so I found a really good source for information. I was fortunate enough to be able to attend a seminar at NEFAR yesterday about selling Short Sale homes. The class was taught by Maximum Success, Inc.. I was enlightened and a little surprised at the guidelines given.   It made me wonder if all of the homes listed in MLS truly meet the guidelines presented at the class. Qualifications for a Short Sale (All required) The Seller Has No Assets The seller can't have ANY ASSETS!! No  savings accounts, no other property, no stocks, no bonds. The short sales that get accepted are those where the seller has no money or ...
Comments 1
By Matthew Heavener
(ERA Heavener Realty Co.)
I was privileged to attend the ERA International Business Conference in Orlando Florida earlier this week and one of the most interesting speakers was John Tuccillo (the former lead economist for NAR).  He gave some really practical insight on how to identify when local markets are turning around with information that REALTORS could obtain from their MLS.  First, the number of new listings being added to MLS will have to decrease.  Next, days on the market for sold listings will have to decrease.  After that, the list price to sales price ratio will have to increase.  Finally, new foreclosure (REO) listings will have to decrease.  John has a web site at http://www.johntuccillo.com/.  I thought he was one of the most substantive speakers ERA invited.
Comments 5
By Matthew Heavener
(ERA Heavener Realty Co.)
Hello everyone,This is my first attempt at blogging.  So, please forgive any newby indiscretions.  At any rate, I am an broker in Jacksonville, FL, and duval county was recently designated a declining market by FREDIMAC.  I am curious as to whether any enterprising young lawyer has attempted to classify this as redlining, and as such create a class action lawsuit for those whose LTV requirements are being changed to include an additional 5% down payment.  I am not sure about other places but the majority of the foreclosures in Jacksonville are in a specific area of town that Mortgage companies have to be careful about redlining.  Whether intentional or not if the result of declaring a city or zip code is that minorities are disproportionately unable to secure financing it seems it could...
Comments 0
By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
I serve on the local board, and we reviewed this information at our meeting on Tuesday - I'm passing it along for those interested.StatisticQ3 '07Q4 '07Q1 '08 *Average Price$219,300$217,700Increase# Homes on Market7,510 6,905 Decrease# Homes Sold2,127 1,635 Flat# New Homes Built852323FlatAvg # of Days On Market8592Increase* ForecastThe decreasing homes on market and homes built will help reduce total inventory, and both the pricing and days on market relative decreases and increases are both fairly nominal. Jacksonvillle, and Duval County are improving! Copyright by NEFAR MLS 2008, reprinted with appropriate permission.
Comments 1
Explore Jacksonville, FL