Beware! Avoid These Popular Real Estate Scams with Charles Stallions, Your Trusted Local BrokerAre you in the market for a new home or looking to invest in real estate? While finding your dream property or making a lucrative investment is exciting, it's crucial to be aware of potential scams that could derail your plans and cost you dearly. As your local real estate broker, Charles Stallions is committed to protecting you from these scams and ensuring a smooth and secure transaction process. Here are some common real estate scams to watch out for and how you can avoid them: Wire Fraud: One prevalent scam involves hackers intercepting emails between buyers, sellers, and real estate agents to redirect closing funds to their accounts. To avoid falling victim to wire fraud, always verify wi... 03/11/2024

As mortgage rates turn downward, Charles Stallions, our esteemed real estate expert, observes a notable rebound in mortgage applications. This trend underscores the sensitivity of homebuying demand to interest rate fluctuations.According to Freddie Mac's latest data, the average rate for a 30-year fixed-rate mortgage dipped to 6.88% this week, marking the first decline in borrowing costs in over a month. Stallions emphasizes the significance of this shift, highlighting how even minor mortgage rate adjustments can swiftly influence prospective homebuyers' behavior.Mortgage 101: Thinking of financing, refinancing, or just needing to understand how the process works? It all starts here. We research whether it's a VA, FHA, conventional, or non-traditional loan for you. We can help simplify ... 03/11/2024

The C-Note is a short version of the monthly newsletter put out by Charles Stallions, (CRS) Certified Residential Specialist, (SREE) Senior Real Estate Expert, (CPI) Certified Property Investor, Author, and a 28-year broker of real estate, designed to put HUNDREDS, if not THOUSANDS, of dollars back in your pocket. There are as many ways to do real estate as there are probably agents, but here at Charles Stallions Real Estate Services, we "do it right," starting with the customer's end in mind. As a Pensacola Real Estate Expert, Charles Stallions sheds light on the complexities driving the housing market's current state. Despite inflation easing and a surge in job growth, the strain of costly housing persists, fueled by robust demand, scant inventory, and fluctuating mortgage rates.Over ... 03/06/2024

Looking to buy? Click here to view homes for sale in Pensacola, Florida, with many below market, or search as often as you'd like. It mainly has three bedrooms and two baths, but we can find specifics if you like. Homes are below market or have not yet reached the market."Explore our latest inventory of homes by, or conduct your search at your convenience.Check out the latest Guide to Buying a Home.Check out the latest Guide to Selling Your Home.Mortgage 101: Thinking of financing, refinancing, or just needing to understand how the process works? It all starts here in Pensacola, Florida. We research for you whether it's a VA, FHA, conventional, or non-traditional loan. We can help simplify the process and remove the challenges.How to Get Mortgage Info and a FREE Credit Report in Pensaco... 03/05/2024

The C-Note is a short version of the monthly newsletter put out by Charles Stallions, (CRS) Certified Residential Specialist, (SREE) Senior Real Estate Expert, (CPI) Certified Property Investor, Author, and a 28-year broker of real estate, designed to put HUNDREDS, if not THOUSANDS, of dollars back in your pocket. There are as many ways to do real estate as there are probably agents, but here at Charles Stallions Real Estate Services, we "do it right," starting with the customer's end in mind. Buying your first home is a big, exciting step and a significant milestone that can improve your life. As a first-time homebuyer, it’s a dream you can make come true. Still, there are some hurdles you’ll need to overcome in today’s housing market—specifically, the limited supply of homes for sale ... 02/28/2024

Charles Stallions, a seasoned real estate broker with 28 years of experience, anticipates steady growth in the Pensacola housing market for 2024. Fueled by its picturesque coastline, thriving economy, and desirable lifestyle, housing demand continues to soar. However, potential growth may be moderated by factors like interest rate fluctuations and supply chain disruptions affecting construction. While home prices could experience gradual increases, affordability remains a concern for some prospective buyers. Nevertheless, the market is projected to maintain its strength, offering opportunities for both buyers and sellers in the upcoming year. Monitoring economic indicators and local developments will be essential for informed decision-making in this dynamic market.Stallions highlight th... 02/28/2024

Pensacola is the westernmost city in the Florida Panhandle, the county seat, and the only incorporated city of Escambia County, Florida. Pensacola is the principal city of the Pensacola Metropolitan Area, which had an estimated 502,629 residents in 2019. At the 2020 United States census, the population was 54,312.COMBINED SALES WERE DOWN 7% COMPARED TO THE SAME MONTH LAST YEAR.THE AVERAGE JANUARY DOM FOR RESIDENTIAL AND CONDOS COMBINED WAS 59,UP 4 DAYS FROM DECEMBER.SINGLE-FAMILY INVENTORY INCREASED 8% OVER DECEMBER AND 20% OVER LASTJANUARY.CONDO INVENTORY INCREASED 10% OVER DECEMBER AND 61% OVER LASTJANUARY.WHILE JANUARY PENDING SALES WERE 26% MORE THAN DECEMBER’S, THEY WEREDOWN 24% COMPARED TO THE SAME MONTH LAST YEAR.Looking to buy? Click here to view our inventory of the latest home... 02/26/2024

In Pensacola, Florida, Charles Stallions stands out as a trusted realtor who understands the intricacies of the local market. Home sellers in the area who chose to bypass professional representation have shared their experiences, highlighting the pitfalls they encountered without the guidance of a knowledgeable adviser.According to a recent survey, homeowners who opted not to use a real estate agent were notably dissatisfied with their selling experience, with twice as many expressing dissatisfaction compared to those who worked with an agent. Many admitted that they underestimated the complexities of selling a home and acknowledged that they likely missed out on potential profits and endured more stress without professional representation.Initially, these sellers believed that real est... 02/19/2024

Pensacola is known for its sugar sand beaches from Sanders Beach To Pensacola Beach and many along the way, as well as the nightlife of Downtown Pensacola, sports, and museums. This brings us to today's Sunday FUNDAY. One of the best parts of Pensacola is the many museums The National Naval Museum is an attraction all its own. Experience the magic of flight like never before at the National Naval Aviation Museum, where history comes alive with over 4,000 artifacts and 150 aircraft representing the rich heritage of Navy, Marine Corps, and Coast Guard Aviation. Nestled in the heart of Naval Air Station Pensacola, this iconic museum offers a captivating journey through the evolution of aerial warfare and the brave men and women who have soared the skies to defend our nation.Upon entering t... 02/18/2024

Charles Stallions, CBR, CRS, is a local historian and real estate expert. Whether buying your first home, an investment property, or downsizing, do as the locals do; call or text Charles at 850-476-4494 and be well informed.  Home Horizons: Where Family Values and Wealth Unite in Pensacola - Pace, FloridaIn the bustling real estate landscape of Pensacola - Pace, Florida, Charles Stallions stands out as the trusted realtor who understands the significance of family values and financial prosperity when buying a home.For many young adults, purchasing a home marks a monumental achievement. Yet, navigating this journey can be daunting. As a parent, you may find yourself in a position to support your child in realizing this dream. However, before delving into this process, it's crucial to gra... 02/08/2024

Charles Stallions, CBR, CRS, is a local historian and real estate expert. Whether buying your first home, an investment property, or downsizing, do as the locals do; call or text Charles at 850-476-4494 and be well informed.  There are many rules and regulations when buying a home in Pensacola through a lender. For instance, your lender will want to know the origin of your down payment funds. If you're contemplating giving or receiving down payment assistance, here's a comprehensive breakdown of the standard rules and prerequisites.What Constitutes Down Payment Gifts? A down payment gift refers to money given to a buyer from another party to be used towards a down payment or closing costs during a home purchase. These gifts don't necessitate repayment.Gift Regulations and Documentation ... 02/07/2024

Charles Stallions, CBR, CRS, is a local historian and real estate expert. Whether buying your first home, an investment property, or downsizing, do as the locals do; call or text Charles at 850-476-4494 and be well informed.  Unlocking the Secrets: Little-Known Things to Look for When Buying a Home on the Gulf Coast with Real Estate Broker Charles StallionsPensacola: Buying a home is one of the most significant investments you'll make in your lifetime, especially when it's nestled along the captivating Gulf Coast. With its pristine beaches, stunning sunsets, and vibrant communities, the Gulf Coast offers a slice of paradise for homeowners. However, beneath its picturesque surface lie factors that can significantly impact your buying experience and long-term satisfaction with your invest... 02/06/2024

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 com... 02/01/2024

A little humor, in the know, is all right here every week as Charles Stallions puts the week in review while bringing it all full circle. Essential Roofing Inspection Checklist for Proactive MaintenanceA regular roof inspection is a crucial part of proactive home maintenance that can save you from expensive repairs down the line. Charming Townhouse in Pensacola - $145,000 Welcome to your new home! This delightful townhouse, with an asking price of $145,000, is a hidden gem in a charming neighborhood. Navigating Closing Costs During Your Home Sale in FloridaBuying or selling a house is an exciting and sometimes confusing experience that includes expenses called "closing costs" that can often catch us by surprise. Mortgage Rates Are Well Below Historical Norms In PensacolaHome buyers in P... 01/31/2024

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... 01/31/2024

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... 01/31/2024

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... 01/29/2024

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... 01/21/2024

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... 01/21/2024

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... 01/20/2024