Tallahassee, FL Real Estate News

By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
We often evaluate properties for investment purposes here at the Tallahassee Florida Real Estate Blog. Having done so for years, we have learned, discovered, and compiled some great models that can be learned by anyone. Today, let’s take a look at a model that I refer to as the Real Estate Stack. This is the most basic of measurement models which allows an investor to take an investment and convert it to a mathematical model so that it can be compared with all other investment opportunities. Too often, I see “wanna-be” investors wanting to go look at properties. Personally, I never like to go look at investment properties until I’ve already seen the numbers potential. If the numbers are not super attractive, then looking at the property is not only a waste of time, but it also brings in...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Perhaps the question that I get more often than any other is “What do you see happening in the future of the Tallahassee real estate market?”Unfortunately, I do not have a crystal ball, but I do have data on hand that has been recorded since 1991 and I’m thinking that there might be a way to extrapolate a housing consumption estimate for the future by looking at what has happened in the past.I have a housing consumption formula that I have produced for this blog posting and I would love to see comments from readers regarding any errors in the model or just commenting on the results of the analysis. Housing Consumption My formula has two key points: º There always exist two types of housing consumers - Discretionary and non-discretionary º The non-discretionary buyers can be predicted by...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
This is our third consecutive month of offering our free Tallahassee Housing Report. The purpose is to provide useful information about Tallahassee Housing by showing supply and demand across all price ranges in Leon County. This is the most comprehensive report that you will find on supply and demand in Tallahassee because it brings in more sources than just the Tallahassee Board of Realtors Multiple Listing Service (MLS). So here it is again. This month, we have simplified the Tallahassee Housing Report by removing a column of information that readers found to be “too busy.” We hope you continue to provide feedback to us on this report so that we can improve it each month. If you have any questions on how to read the report, please comment below. Our goal is to make this a user-guided...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
First and foremost, one must realize that real estate short sales take much longer than “normal” sales. This is because the bank requires a due-diligence period to ensure that it is not being taken advantage of and to ensure that it is getting the best return on its investment. I believe that this is fair. But there are things that your real estate company can do to make the short sale process go quicker, and that is where experience is the key. A real estate company with real estate short sale experience will have a kit, a package, or at least a process to expedite the lenders decision-making ability. This package should include everything the lender will need to form its opinion on the real recovery value of the property. Additionally, the real estate company giving you short sale adv...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
       General Membership  Meeting  FLORIDA NATIVE PLANTS, A PRESENTATION BY GIL NELSON FAMU School of Architecture, 1938 S. Martin  Luther King Blvd, Rm. 111 May 29, 2008 - Social - 6:00 pm to 6:30pm                          Presentation - 6:30 pm to 8:00pm   It's a little late notice for this, but I've been sick and out of blog mode for a while here. For those of you who can make last minute events, you are not going to want to miss the latest USGBC event.   Gil Nelson has been on the graduate committees of a few of my friends from FSU. He is one of the most knowledgeable individuals when it comes to native flora in Florida, and a very interesting guy!!!    Join us for some drinks, hors d'oeuvres, and a presentation about Florida Native Plants, by Gil Nelson. Gil Nelson is a writer, n...
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By Myers Jackson, America's Auctioneer
(Auctioneer, Texas Flip N Move )
The United Country Certified Real Estate team will be on hand June 12th at 10:00 a.m at 6438 Heartland Circle in Tallahassee, Florida to conduct previews of two great Tallahassee homes that will sell at auction on June 14th at 2:00 p.m. The preview is sure to be a fun filled event with the Tallahassee of Chamber ribbon cutting ceremony that will take place. It will be the induction of Certified Real Estate into the Tallahassee bussiness commerce arena. There will be staff on hand to welcome potential buyers and showcase the property prior to the auction day. Join us for our big day! For further details please visit www.CertifiedRealEstateAuctions.com    
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By Myers Jackson, America's Auctioneer
(Auctioneer, Texas Flip N Move )
Myers Jackson, CAI, AARE, CES, e-PRO, a licensed Florida real estate broker and real estate auctioneer, has been commissioned to conduct a Florida real estate auction for two luxury Tallahassee homes in Leon County, Florida. Jackson and his team from United Country Certified Real Estate Auctions will host the auction production on Saturday, June 14 at 1 p.m. Details on this Florida Real Estate Auction are highlighted online at Certified Real Estate Auctions web site. "The auction method of marketing real estate was chosen by the seller after a lengthy discussion," said Jackson. "Auctions provide expediency to both buyers and sellers by creating a set auction date and also establish true market value through the competitive bidding process. In today's environment, luxury real estate auct...
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By Chris & Renee Chaback, BSBI Partners bsbipartners.com
(Keller Williams Realty)
Hi All, I was doing some MLS work today, and I wanted to check the year vs year for 2007 and 2008 up to today. For those of you who do not know Tallahassee, the vast majority of folks if they had their choice would live in the NE of Tallahassee and Leon County.  I think the reason is the Schools for that area attract the best. Elementary Schools like Hawks Rise, Killearn Lakes, Desoto Trail, Roberts, Gilcrest & Bucklake have some of the best reputations among parents.  The Middle Schools at Deerlake, Cobb, Swift Creek, and the newest one yet to be named at the Roberts Elementary location have awesome parent support like the elementary schools do. There are 3 High Schools in the NE of Tallahasse that have a great Fan base to pull from as well.  Chiles, Lincoln, and Leon are 3 offering gr...
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By Chris & Renee Chaback, BSBI Partners bsbipartners.com
(Keller Williams Realty)
Hi All, I wanted to let you know about this great New Listing in the NE of Leon County and Tallahassee FL. The address is 4155 Silkbay Court Tallahassee FL 32308 and is located a few miles west of the I-10/Hwy 90E interchange.  Chateau Lafayette is just East of Capital Circle NE/Mahan, and across the street from the New Wal-Mart and Costco at Fallschase. Click here for the MLS Sheet (Click Here to View Listings), you can also visit our website BSBIPartners.com for more information. Here are the Remarks for the MLS: Very well maintained Townhome in convenient loocation (across from New Wal-Mart/Costco). 3 Bed/2 Bath, Newer Applicances, Vaulted Ceiling, Walk-in Closets, Privacy Fenced Back Yard (backs up to Greenspace). HOA includes community pool, club house and lawn care. Let me know if...
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By Myers Jackson, America's Auctioneer
(Auctioneer, Texas Flip N Move )
Florida Real Estate Auction The United Country Certified Real Estate team is very excited and eager for the upcoming luxury home auction to be held in Tallahassee at 6438 Heartland Circle on June 14th at 1:00 p.m. The real estate auction will be a unique event that will present two exceptional Tallahassee homes at auction with previews of the home being held a week prior. The two Tallahassee homes being offered at auction are both situated in the desirable Tallahassee neighborhoods of Moore Pond and Golden Eagle. The Golden Eagle home is located at 9146 Eagles Ridge Drive. It is a beautiful two story home with lakefront view and golf course view. It is a Arthur Rutenburg home in a Gated community that is steeped in luxurious tradition. The Moore Pond home is located at 6438 Heartland Ci...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
Sustainable Tallahassee, formally Greenovation, a brainchild of the Knight Creative Community Initiative, is holding a formal kickoff this Thursday, May 22nd at the Mary Brogan Museum of Art and Science. Everyone is invited!   Sustainable Tallahassee is intended to serve as the vehicle for sustainable development and positive economic growth in Tallahassee and nearby. Its primary goal: make Tallahassee a leading center for green technology, business, and living!!!   If you are interested in sustainability or green, for any reason, then you don't want to miss this fantastic opportunity to network and meet new green-minded community leaders.     From ST: Sustainable Tallahassee invites you to join us for the official launch of our new organization.   Thursday, May 22, 2008 The Mary Brogan...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
This is the third blog about my effforts to secure a house with some interesting challenges for a customer that fell in love with it the minute she walked in the door.  Due to some of those challenges, our first effort to buy the house failed, and we are now making our third attempt to find a home she loves at least at much if not more so. We head out and I have hit "another home run" as she likes to tell me ( and I love hearing!).  First house we visit, a 1960's brick home on a hill, with old trees and azaleas in the yard.  Beautifully maintained inside with some upgading potential, just the way she likes it.  So, we begin the walk around the outside of the house and discover several places where the mortar is cracking up the wall!  Of course she is concerned, and wants to make sure th...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Tallahassee Real Estate market data is in for April. The month of April saw a continuation of the slowed market in Tallahassee. Unit sales were very low for April (which is normally a very good month) in the Tallahassee real estate market. Below are 12 different charts which through the link below them will demonstrate different aspects of Tallahassee real estate activity during the month of April. Understanding the underlying factors is important in understanding how the market should move from here.   Tallahassee Lot Sales Average Residential Prices in Tallahassee Average Home Prices In Tallahassee Single Family Detached Home Sales In Tallahassee   Condo-Townhouse Sales In Tallahassee   Tallahassee Residential Sales by Property Type  Tallahassee Condo and Townhouse Trend Analysis Tall...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
    It's that time again!!! Green Drinks Tallahassee is having it's third meeting, Wednesday 21st of May, 5:30pm - as late as you like! Where: Waterworks Bar 1133 Thomasville Rd. Tallahassee, FL   Alex Mordas, M.Sc. EcoBroker® & REALTOR® LEED for homes, Field Agent Green Home Certifying Agent, FGBC www.tallahassee-ecobroker.comalexmordas@kw.com (850) 559-4976 Referrals are an important part of my business. If you or someone you know is in need of real estate services, please give me a call.  Thank you.
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
So you’ve decided to move and you’ve invited a real estate professional to interview for the job of selling your home. What should you do to prepare? What should you expect? These are very important questions when it comes to selling your home. Preparing to meet with an agent is an important step in the process of selling your home. You see, the real estate agent is going to give you advice, and this advice will only be as good as the information that the agent uses to form the advice. With that in mind, let’s review what you should do to prepare for this meeting. The most important piece of information that the real estate agent needs to know is your motivation in selling your home. Are you selling because you absolutely have to leave the area? Or, are you selling because you would lik...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Today’s Tallahassee Florida Real Estate Blog is completely different. With all the serious discussion about real estate markets and economic conditions, I think a little levity on Friday is in order. And when you want to lighten the load, it seems like Golf is a great tool to have at your disposal. Golf Is a Funny Game Golf is a funny game. You tend to play it with people with whom you enjoy spending time. Rarely do you act your age. Golf allows you to blow off steam and forget about market conditions, homes on the market, subdivisions reports, etc. So I want to recommend a book. As you might have guessed, it is titled Golf Is a Funny Game. It is written by Allan Zullo and Chris Rodell and is available on Amazon for only $11.04! You can click on the link below and it will take you righ...
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By Gene and Rebekah Rivers, The Rivers Team, Broker/Owner
(Keller Williams Town & Country Realty)
Hello All! Our team has been in dialogue regarding open house - the traditional "do they really work" conversations. In this competitive market I am finding that the sellers are yearning for that "touch."  On the flip side, statistically open houses rarely sell that house and at best are lead generation tools for the agent to find prospects for other homes. We have put into place a strategy to increase traffic to our open houses and have championed the idea that if we can drive traffic it is a win-win for us and for the seller. After all, no one will likely buy or tell their friends, family or co-workers to buy the house until they have seen the home! The plan begins on Monday before the open house and wraps up the Friday after the open house. When done consistently traffic increases as...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
I'm really amazed at how patient I can be with some things.  Definitely patience has been required to help my customer find a home.  You wouldn't think so in this market - plenty of homes to choose from - and at GREAT prices....  It's Mid December, and after the Dellview Drive fiasco, my customer is ready to search for another house.  Problem is she really, really liked that house.                                                    So we set out after the Dellview failed contract and the second house we toured, she was ready to make an offer!  Very attractive house.  Little more than she had planned to pay, but it was a larger house, larger lot and in much better shape than Dellview Drive.  This one needed some updating, which she really was excited about sinking her hands into (popcorn...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
It's still not too hot to get outside and enjoy the beautiful springtime Tallahassee weather. My deck is now finished, my BBQ is up and cooking every day, and my mind is wandering to gardening ideas more and more while I cook for my wife and kids... Here are three little thoughts that came to mind that might be worth sharing: Rain GardensButterfly/Hummingbird gardening Natural Lawncare   First off, Rain Gardens... what are these you are probably asking..!? Well, good question. Rain gardens, simply put, are an area of your yard set up to catch and termporarily hold storm water and runoff. The idea being that the water will be slowly returned to the soil instead of tearing across the landscape and dragging with it precious nutrients and causing erosion.  To build a rain garden, You should...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
I haven't done a Golden Eagle Plantation update in quite a while, so I figured I would knock one out today. I pulled all of the active listings from the Tallahassee Board of Realtors Multiple Listing Service (MLS) and all of the sales data from the Leon County Tax Records for the period of April 1, 2007 through March 31, 2008.Currently, Golden Eagle Plantation has an absorption rate of roughly 4 units per month. There are 53 homes for sale in Golden Eagle, therefore Golden Eagle Plantation has a supply of 14.1 months of homes.The chart above shows that Golden Eagle Plantation home values (per square foot) seem to have dipped down quite a bit during the last four months of last year. But this information is incomplete because this report does not consider amenities (pools, lot features ...
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