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Pensacola, FL Real Estate News

By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
American homeowners have a record amount of equity in their homes.  Many homeowners want to cash out part of that equity but don't want to trade a historically low-interest rate for one as high as it's been in 20 years.Instead of refinancing their home, getting a fixed-rate second lien is an option.  This differs from a HELOC home equity line of credit, which gives you continual access to your equity at a variable rate.  A HELOC has a draw period where you only must pay the interest.A second mortgage is a loan against equity where the homeowner will receive a lump sum and make payments to repay the loan and interest over a specified period.  Generally speaking, lenders want the combination of the existing first lien and the new second lien not to exceed 75-80% of the home's current valu...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Two things we give you five this week: you need to know about the real estate market on the Gulf Coast when veteran realtor Charles Stallions lives and serves the Pensacola, Pace, and Gulf Breeze Florida markets.In the ever-changing Gulf Coast real estate realm, each week brings forth numerous developments that significantly influence property markets, housing trends, and investment opportunities. This week's Pensacola real estate update highlights various topics, from market dynamics to innovative technologies and policy shifts. Let's explore the key stories that have captured the attention of buyers, sellers, and industry professionals alike.Market Trends and Home Prices:One of the central themes dominating this week's real estate news on the Gulf Coast revolves around market trends a...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Pensacola, Florida: Each week, the market has its ups and downs as Charles Stallions CBR, CRS, a 28-year veteran of the housing market, unbundled life in Pensacola, and all that is happening.A little about my city, Pensacola, Florida: It bathes in the warm embrace of the Gulf Coast, offering a vibrant coastal lifestyle. Endless white sandy beaches invite residents to unwind and soak up the sun. The city, steeped in history, boasts the iconic Pensacola Lighthouse and the historic district of Seville Square. Locals revel in the diverse culinary scene, savoring fresh seafood delights. With a rich maritime heritage, the National Naval Aviation Museum is a testament to Pensacola's military significance. Residents embrace an active outdoor lifestyle, enjoying water sports, festivals, and comm...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
A commonly echoed investment strategy advises individuals to buy low and sell high, a principle that those who invested during the financial crisis of 2010-2012 are now positioned to reap substantial profits.The median home price in America has surged to $359,900, a notable increase from $155,600 in February 2012, translating to an impressive 9.76% annual growth rate. Frank Martell, president and CEO of CoreLogic, emphasized the significance of this surge, stating, "Homeowner equity has more than doubled over the past decade and become a crucial buffer for many weathering the challenges of the pandemic."However, the current real estate landscape presents challenges. Inventory is scarce, and demand remains high, resulting in escalating prices. Contributing factors to the limited number o...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Home buyers in Pensacola who are holding off on their purchases in hopes of lower mortgage rates may need to reconsider their strategy. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.6% this week, still below the historical norm of 7.74%. Furthermore, experts predict that mortgage rates will continue to decline throughout the year.Jessica Lautz, deputy chief economist of the National Association of REALTORS®, encourages home buyers to take advantage of the ongoing drop in mortgage interest rates. She highlights that this week's average mortgage rates are the lowest in eight months. For those considering a home purchase, Lautz suggests using this winter season to set financial goals and prepare for the upcoming year. With the current rate, the monthly mortgage payme...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Buying or selling a house is an exciting and sometimes confusing experience that includes expenses called "closing costs" that can often catch us by surprise. Closing costs are simply the fees and expenses incurred by buyers and sellers during a real estate transaction's closing or settlement process. Typical closing costs can vary depending on what is customary in an area, the mortgage type, property value, and other factors.  The largest expenses can be the real estate commission and the title policy.  Total closing costs for a buyer can characteristically range from 2% - 5%  of the sales price and 4% - 7% for a seller.The most common buyer's closing costs include loan origination fee, title insurance, attorney fees, appraisal, homeowner's insurance, underwriting, miscellaneous fees a...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
A regular roof inspection is a crucial part of proactive home maintenance that can save you from expensive repairs down the line. Make it a yearly ritual by marking your calendar to address any potential roof problems on a warm day. If heights make you uneasy, fear not – you can perform a thorough inspection from the ground using binoculars or get a closer look with a ladder.Here's a comprehensive roofing inspection checklist to guide you: Check Flashing: Look for cracked caulk or rust spots on the flashing. Inspect Shingles: Check for buckling, curling, blistering, or missing/broken shingles. Examine Vent Pipes: Inspect rubber boots around vent pipes for cracks and wear. Chimney Cap: Check for missing or damaged chimney caps. Watch for Moss and Lichen: Note masses of moss and lichen, w...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Why Waiting to Buy a Home Might Be More Expensive Than You Think.In the realm of decision-making, procrastination tends to rear its head more prominently when faced with substantial choices, and the consequence of doing nothing can be significant. In today's dynamic market, characterized by a global pandemic, financial volatility, and rapidly escalating home prices, it's understandable that potential homebuyers may adopt a 'wait and see' approach.However, the price of waiting might be higher than anticipated. The recent Home Price Expectation Survey for 2022 projects appreciation rates ranging from 2.6% to 4% between 2024 and 2026. This means that delaying a home purchase could mean missing out on potential value growth.For those who are renting or postponing a move to a larger home, th...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
We always want to be the company you keep whether a tenant, landlord, buyer, or seller. For 28 years we have remained in the top five trusted real estate companies and with a 5 minute conversation we think you will see why.Are you looking to buy a home in Pace, Florida? Look no further than Charles Stallions, CBE, CRS your trusted and experienced buyers agent in the area. With a wealth of knowledge about the local real estate market, Charles Stallions is dedicated to helping you find the perfect property that suits your needs and preferences.Pace, Florida, known for its friendly community and picturesque surroundings, is an ideal place to call home. Charles Stallions brings years of expertise and a commitment to customer satisfaction, ensuring a seamless home-buying experience for you. ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Home-Buying TipsAre you ready to embark on the exciting journey of buying a new home? Whether you're a first-time homebuyer or an experienced real estate enthusiast, navigating the complexities of the housing market can be both thrilling and overwhelming. To ensure you make the right decisions and secure your dream home, we've compiled a comprehensive list of home-buying tips. This listicle covers essential aspects of the home-buying process, offering insights and advice to help you make informed choices and turn your homeownership dreams into reality.1. Assess Your Financial SituationBefore diving into the world of home buying, evaluate your financial standing. Calculate your budget, including your down payment, monthly mortgage payments, property taxes, and insurance. Understanding yo...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Staging Your home as a "for sale by owner" for a viewing or open house is a crucial aspect of the selling process. A well-staged home not only showcases its potential but also helps potential buyers envision themselves living there. Here's a comprehensive guide on how to stage a home effectively:1. Declutter and Depersonalize: Before anything else, decluttering is key. Remove personal items, excess furniture, and unnecessary belongings. This helps create a clean, open space that allows potential buyers to visualize their own belongings in the home.2. Clean and Repair: Clean every nook and cranny of the house. A clean home conveys a sense of care and maintenance. Also, address any necessary repairs – leaky faucets, cracked tiles, or chipped paint should be fixed.3. Define Purpose in Each...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Enhancing your home's curb appeal not only makes it more attractive but also adds substantial value. Here are eight cost-effective tips to boost your home's exterior allure and equity.1. A Fresh WashStart by giving your house a thorough cleaning. Remove dirt, mildew, and grime that accumulated on various surfaces. A soft-bristled brush and soapy water can work wonders, while power washers reveal the true colors of walkways. Also, don't forget windows, eaves, and garage doors for a sparkling finish.2. Paint RefreshA fresh coat of paint can do wonders for your home's exterior. Opt for a paint job that matches the current color scheme to maintain consistency. Avoid bold color changes as they might deter appraisers and potential buyers.3. Roof RepairsYour roof's condition significantly impa...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Selling your Pensacola home involves more than just a "For Sale" sign—it's a strategic process that can significantly boost your home's appeal and value. This guide delves into the secrets behind successful home selling, focusing on worthwhile upgrades, inexpensive fixes, and staging advice. 1. Worthwhile Upgrades To attract buyers and enhance value, focus on key areas: Kitchen Overhaul: Consider granite or quartz countertops, cabinet refacing, and energy-efficient appliances. Bathroom Refurbishments: Update fixtures, regrout or replace old tiles, and modernize vanities. Curb Appeal Enhancements: Maintain gardens, refresh the front door with paint or a new one, and install appealing outdoor lighting. 2. Inexpensive Fixes Small, impactful fixes can improve your home's appeal without bre...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
In the realm of wealth preservation and generational assets, real estate stands as an enduring pillar. Pensacola, with its picturesque landscapes and promising market, exemplifies this trend. The significance of homeownership and astute estate planning emerges as a potent strategy to fortify wealth, serving as a shield against the erosive forces of economic volatility.Pensacola, nestled in the heart of Florida's Gulf Coast, isn't just a sun-soaked paradise; it's a thriving real estate market with a rich historical background. Its allure extends beyond the sandy beaches and azure waters; it's a haven for investors seeking to fortify and propagate their familial riches through strategic property investments.Homeownership forms the bedrock of wealth creation and preservation. For generatio...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Your home is not just a place to live; it's a valuable asset that can serve as a financial resource when you need it most. One of the significant advantages of homeownership is the opportunity to build equity over time, which can be accessed in various ways to fund life's important milestones or unexpected expenses.Whether you're looking to undertake a home improvement project, consolidate debt, cover education expenses, or simply ensure financial flexibility for the future, your home equity can be a powerful tool to achieve your goals. By understanding the options available and the implications of each, you can leverage your home's value to enhance your financial well-being and seize opportunities that come your way.Home Equity Loans are fixed-amount loan using the equity in the home a...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
The bustling city of Pensacola, Florida, is capturing the attention of real estate investors seeking promising opportunities in a thriving market. With its stunning beaches, rich history, and burgeoning economy, Pensacola has become a hotspot for investors looking to capitalize on the region's potential.Pensacola's Allure for Real Estate InvestorsThe real estate landscape in Pensacola holds immense promise, attracting investors for several compelling reasons:1. Booming Economy: Pensacola's economy has been on a steady rise, fueled by diverse sectors like tourism, aerospace, healthcare, and education. The presence of the Naval Air Station and a robust military presence provides stability and growth prospects.2. Strategic Location: Positioned along the Gulf Coast, Pensacola benefits from ...
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By Trish Sarfert, Serving military & civilian relocations!
(Coldwell Banker Realty)
Welcome to your dream rental home in the heart of Pensacola! Just steps away from Cordova Mall and Sacred Heart Hospital, this newly remodeled 3-bedroom, 1-bathroom gem is perfect for those who value convenience and comfort. This prime location also puts you within walking distance of restaurants, Publix grocery, and just a short drive from Downtown Pensacola and Pensacola State College. For beach lovers and military personnel, you are also within a short distance to beautiful Pensacola Beach and NAS Pensacola.As soon as you enter, you'll be captivated by the whitewashed pine ceilings and refinished original hardwood floors, giving the home a warm, cozy feel. The gorgeous patterned flooring in the kitchen and living room adds a touch of modern elegance, while the updated kitchen boasts ...
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By Trish Sarfert, Serving military & civilian relocations!
(Coldwell Banker Realty)
Welcome to your dream home, nestled in a prime location just minutes away from NAS Pensacola, Big Lagoon State Park, and beautiful white sand beaches. This spacious 3-bedroom, 2-bathroom brick house is situated on a large corner lot adorned with shade trees.Step inside to discover an inviting floor plan, featuring a living room with a vaulted ceiling and a floor-to-ceiling brick accent wall, complete with a cozy wood-burning fireplace. Ceramic tile with a wood inlay adds a touch of elegance to the living area, while the kitchen and baths offer ceramic tile flooring. The kitchen is a chef's delight, with granite countertops, lots of cabinet space, a built-in microwave, and a charming breakfast nook for casual dining.Entertaining is a breeze with the 12' x 20' covered back patio, overlook...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
The decision between renting and buying is a personal one that requires consideration of multiple factors. Each option has its own merits and drawbacks, often influenced by individual circumstances and preferences.Renting offers flexibility, enabling easy relocation for career or personal reasons without the hassle of property sales. Additionally, renters are spared major maintenance and repair costs as landlords typically handle such issues.However, renters face limitations in controlling the property and do not benefit from equity building through monthly payments.On the other hand, homeownership allows equity building over time through mortgage payments and offers the freedom to personalize the living space without seeking permission. Yet, it involves significant upfront costs and on...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
The stalled progress of potential home buyers in Pensacola might be redirecting their financial focus. Rather than pursuing their first home purchase, frustrated individuals are channeling their resources elsewhere, postponing their house hunt for extended periods due to soaring home prices and interest rates. Some are redirecting funds initially intended for a home purchase toward their relatives' futures, such as contributions to college funds.Another group is investing in extensive home renovations and decor upgrades for their current properties, albeit uncertain about the potential value addition to their homes.Over the past year, homeowners have allocated billions towards home improvements and repairs, marking a significant two-year surge in such expenditures.Concurrently, there's ...
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