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Tallahassee, FL Real Estate News

 For the second opportunity at the First Time Home Buyer's Tax Credit, time is really running out!  If you have been thinking about utilizing the $8,000 tax credit and have heard it might be extended, don't be fooled.  Hopefully you have heard about the"one in hand?" There may or may not be a renewal, but one thing is certain...YOU NEED A PLACE TO LIVE! You may have only a month to make it happen, don't wait until April.  Negotiating the price, appraisals and financing are all taking longer than in the recent past.  Do not drag your feet!  It is like kicking a field goal on third down in case something goes wrong, do not wait until April!  It may prove  difficult, but if you ask this Tallahassee Realtor you need to get your new home under contract as soon as possible.  Closing time fram...
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By John Stehmeyer
(Riverking Custom Painting)
As your Tallahassee Painting Contractor, the staff of RiverKing Custom Painting will guarantee your paint job in writing for three years. We will professionally evaluate Tallahassee home’s current condition and specify the right paint system and products. Your satisfaction is our goal. We will deliver you s great looking Tallahassee paint job with fast, friendly service at a reasonable price. Our estimators are trained in Tallahassee Real Estate staging and know how to give you the most for your dollar. Some people overspend on preparing their home for sale and others don’t do enough. It can cost thousands of dollars from a lower selling price or higher maintenance costs from wood rot or peeling paint.
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By John Stehmeyer
(Pro Players Realty)
Today we’re featuring some past articles we’ve written to help with your Tallahassee Real Estate productivity. Tallahassee Craigslist Checklist Top Real Estate iPhone Apps 5 Ways to Sell a Home 20 Ways to Add Value to Your Home
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By John Stehmeyer
(Riverking Custom Painting)
Pressure cleaning (or pressure washing) is an effective and necessary way to keep your Tallahassee home or business looking its best. It also can prolong the life of painted surfaces and wood structures. RiverKing Custom Painting has been helping Tallahassee stay clean for over 20 years.
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  A very hot potato is coming to town over the next several weeks, and you really need to pay attention. Who am I talking to? I’m talking to anybody who cares about property values in the State of Florida, but most importantly I’m talking to people who own their homes free and clear as well as those who are current on their mortgages. You now have a target on your back, and the Florida Bankers Association has decided to spend a lot of money lobbying for your support on changing the laws in the State of Florida. And they don’t mind being a little sneaky about it. The Florida Consumer Protection and Homeowner Credit Rehabilitation Act This is what they want to name their bill. Ironically, it has nothing to do with protecting consumers or helping homeowners rehabilitate their credit. They ...
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By John Stehmeyer
(Pro Players Realty)
Commercial property prices have dropped ~40%  since 2 years ago.  However, in a surprise quarter prices have increased 4%.  Once quarter doesn’t make a trend but it does show that there’s a heartbeat.  Despite this good news there’s still plenty of gloom and doom on our horizon.  10% of malls are expected to close and as many as 200,000 businesses may go under next year.
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Every month around this time, I am itching to discover the changes in supply and demand in the Tallahassee MLS so that I can anticipate market price movements. What I am hoping to find is an increase in home sales versus the same month in the prior year, and an overall reduction in the inventory of homes for sale. So I log in to the MLS and download all home sales for the past twelve months and I download all the current listings. After removing all duplicates, I am able to produce the Tallahassee Home Inventory Report that is published on our site and available under the “Downloads” tab. This free download gives home supply and demand information by price range in the Tallahassee Real Estate Market. New homes and existing home sales figures are separate as well. So, what does the new...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
A few weeks ago I wrote a blog about FSU Grads wanting to return to Tallahassee. It discussed the obstacles (jobs) to returning, as well as concerns about current and future home values. The blog was a response to a long-time reader who now resides in Ohio and would like to return one day. After he read the post, he commented “On the comment about pricing, and I’m sure you already know this, the Tampa, Orlando and Ft. Myers areas (all cities with jobs) are seeing average declines of almost 50%. These numbers may factor in the shadow inventory, but the valuations are really down (as I know from a recent appraisal of my condo). Given where the Tallahassee market came from, and the other factors mentioned, there’s probably more to go.  Bad news for sellers, but potentially good news for us...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 913 Barrie Ave, Tallahassee, FL 3BR/2+1BA Single Family House offered at $165,000 Year Built 1977 Sq Footage 2,000 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Great location and great neigborhood. New HVAC in 2009 and water heater in 2008. Needs some cosmetic work. Good value for a large house! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - Family room - Living room - Dining room - Dishwasher - Refrigerator - Stove/Oven - Washer - Dryer - Balcony, Deck, or Patio - Yard ADDITIONAL PHOTOS Photo 1Photo 2Photo 3Photo 4Photo 5Photo 6 Contact info: Joe Manausa Century 21 First Realty 850.523.6118 For sale by agent/brok...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 2917 Modred Lane, Tallahassee, FL 3BR/2BA Single Family House offered at $180,000 Year Built 1989 Sq Footage 1,631 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION SHORT SALE! All offers contingent onlien holder approval! A great house in very convenient in town location.Split bedroom plan needing very little cosmetic work. Also includes seperate office. Fenced backyard with large deck and low maintenance landscape. Practically move in ready! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - High/Vaulted ceiling - Family room - Dining room - Dishwasher - Refrigerator - Stove/Oven - Washer - Dryer - Balcony, Deck, or Pati...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 7145 Shady Grove, Tallahassee, FL 3BR/2+1BA Single Family House offered at $199,000 Year Built 1997 Sq Footage 1,716 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size .17 acres HOA/Maint $0 per month DESCRIPTION SHORT SALE! All offers contingent on lien holder approval! 2 story 3 bedroom home with huge master suite. All bedrooms upstairs. Home features a gas burning fireplace, low maintenance yard, laminate wood flooring downstaiirs, interior utility room.Please warn your buyers, home is a bit dirty and messy, no structural damage noted. Home has a lot of potential, just needs a little TLC. Please contact LA prior to showing for further instructions! see additional photos below PROPERTY FEATURES - Central ...
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By John Stehmeyer
(Pro Players Realty)
Home sales in Florida were up 34% vs this time last year.  There are a lot of buyers out there thanks to the Tax Credit.  However, the median home price has continued to fall and is down 19% from last year.  However, the market in individual cities varies widely.  In Orlando condo sales were up as much 302%.
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  How often do we see reports about the housing market that seem to show that things are improving, only to find another report that seems to completely contradict the first? And how about when two reports “hit the headlines” at the same time, and seem to be covering the exact same issue, yet conclude with different findings? The key to understanding what appears to be contradictory housing reports is to first study the source of the report, and then the source of the information from which the report was based. Often times, there might be a bias that one reporter brings to the results that is completely different than the bias of the second reporter. Other times, the reports are based upon different sets of data (or different observations). Contradictory Housing Reports In Tallahassee ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
December proved to be a big month for the Tallahassee real estate market. Home sales surged 81% compared to December of 2008, with 129 new units and 292 existing homes sold. Condos and townhouses were up strongly, with a developer liquidation sale great enhancing their numbers. But single family detached home sales were up 50% on their own, meaning the entire market benefited from increased unit sales. Reminder: The Tallahassee Real Estate Newsletter goes out again today. Subscribed? If not, you can do so in the form at the top right sidebar of the Tallahassee Real Estate Blog. Year Over Year Homes Sales Gain For Third Consecutive Month After recording a record 39 straight months of declines, the Tallahassee housing market is enjoying its third consecutive month of gains that started in...
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By John Stehmeyer
(Riverking Custom Painting)
Brick patios and walkways add beauty and grace to your Tallahassee home's landscaping. But mildew, chemicals, grease stains, moss, mud and more, can accumulate. A good pressure wash can remove these spots and bring out their original beauty!
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  I was having a discussion yesterday with a great real estate agent (Bill Peck) who was lamenting to me that his home buyers had received three Good Faith Estimates (GFE) from different mortgage companies and they were much more scattered in their estimates than we have traditionally seen. For those of you who did not read our previous blog article on the new RESPA rules, it covered how many of the new rules were going to increase the estimated time it takes to close on a real estate transaction. Additionally, it provided download links to all of the new forms. One form in particular, the new Good Faith Estimate (GFE), was identified as a document that could create some chaos early on. Yesterday, Bill  was welcomed to “early on!” Why We Needed A Uniform Good Faith Estimate The new GFE ...
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By John Stehmeyer
(Pro Players Realty)
If your thinking about selling that Tallahassee home but know the Tallahassee real estate market is just too low then why not start preparing your house now? The order of things: Fix the major stuff first:  leaky roof, termites, insulation problems. Once that’s taken care of you can ’spruce up the place’ but realize that you likely not to get back every dollar you spend.  Most recommend against doing major remodels.   However, make sure everything is working order.  Your house has to look good.  The golden three are:  clean, paint, get rid of the carpet. Now it’s on to landscape.  Believe it or not this is one of the most important things.  First impressions and all… The great thing about taking advantage of a down market is the ability to spread out your repairs over time and knowing ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Yesterday, I picked up my Mom and went to the Tallahassee City Commission meeting in order to see how our Commissioners were going to handle some hot issues that weighed heavily in their laps. For those of you who personally know me, I am so apolitical that I rarely pay much attention to what our politicians are doing (or failing to do). This was a behavior instilled in me in my early days in the military that I have never really changed. But recently I wrote about some concerns over possible illegal activities in Tallahassee and I wanted to see how they were going to be addressed by our Mayor and the rest of the Commission. It would be just my third visit to a City Commission meeting in 19 years and I was not expecting to be very impressed with the whole process. But I was pleasantly...
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By John Stehmeyer
(Riverking Custom Painting)
The siding and trim on your Tallahassee home can be beautified and protected from the elements with exterior wood stain. An exterior wood stain should provide an attractive appearance and resist the damaging effects of the Tallahassee sun and rain for as long as possible. RiverKing Custom Painting can  make this  a reality for your Tallahassee home.
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  I was having a conversation yesterday with a very intelligent person about the value of their home. It was during this conversation that I was reminded that while I think about the home valuation process quite often, most people do not. There are many homes for sale in Tallahassee, and determining value is critical right now. After we had been talking for a while, this person asked me to give them the value of their home. He asked it in such a way that it told me he thought there was an exact, singular dollar amount “value” for his home, so I knew we had some “talking to do.” Simple Principles of Home Valuation The value of a home depends upon the paradigm of the viewer (the “valuer”). I always like to think that there are four different ways that we can value a home, and homeowners a...
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