Tallahassee, FL Real Estate News

By Myers Jackson, America's Auctioneer
(Auctioneer, Texas Flip N Move )
Online Only Auctions for Tallahassee Home to Aid Godby High School Students Recapture Funds for Next Year's Project Tallahassee, Fl. - June 19, 2008 -- Certified Real Estate Auctions has been commissioned to conduct an Online Only Auction for a Tallahassee home in an effort to help Godby High School students continue invaluable hands-on experience in architecture and engineering. Myers Jackson, CAI, AARE, CES, e-PRO, a licensed Florida and Georgia real estate broker and real estate auctioneer, and his team have volunteered to host an Online Only Auction for the Leon County School Board. The online only bidding portal is now open and accepting bids. The bidding will start closing July 1st at 2 p.m. Details, registration and all terms and conditions on this Tallahassee home auction are hi...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
  For many of us, rain gardens, green roofs, and rainwater collection systems are awfully fun to think about, stand out as being exceptionally green, and yet we've never really seen any of them in action..!?   As popular of an idea as rainwater collection is, very few people are actually installing or using these systems. Why not?   Who knows..!?   Maybe because we don't know enough about them...  Maybe because we don't see a direct benefit in terms of dollar savings...   Most of us would probably put changing lightbulbs, changing out windows, adding insulation as priorities well above using a rainwater collection system... I wonder how that might change if we continue to experience water shortages, such as that in Atlanta, GA over this last year?   Here in Tallahassee, we are lucky to...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
We are about to complete the first six months of the Tallahassee Real Estate Blog! How time flies… You might be surprised to find that the visitors to the Tallahassee Real Estate Blog come from all over the world. Just this morning, I checked and found some interesting results. The maps below represent the source of visitors. The darker the green color, the more visitors that came from that location. As you can tell, most of the visitors come from the U.S., and most of them come from Florida. But I did not expect to find that 107 countries and every State has sent visitors to the Tallahassee Real Estate Blog in just 6 months! Additionally, who would have guessed that the most active States would not be our neighboring states, but rather California and New York! I guess the world really ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Every month I like to take a reading of the inventory movement from the Tallahassee Board of Realtors Multiple Listing Service (MLS). This data source represents roughly 65% of what is happening in the Tallahassee real estate market and surrounding areas. The Tallahassee MLS records information about: Leon County, Florida real estate Wakulla County, Florida real estate Gadsden County, Florida real estate Jefferson County, Florida real estate Franklin County, Florida real estate Other Counties that our local realtors sell in are recorded as “Other.” So what does the newest data tell us about inventory movement in the Tallahassee real estate market? Unfortunately, it tells us that we are still seeking the bottom of the market. Inventory levels are rising and sales trends are still falling...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
When the real estate market is challenged like it is today, the creative juices start flowing in the real estate professionals that have been operating in this business for a long, long time. Today, I want to highlight a very creative real estate brokerage process that many people have not experienced, and that is the trade of one piece of real estate for another.The key to pulling off a successful real estate trade is to find the right parties with which to trade. Sometimes, a trade might involve three or more parties, but most likely, the trade will be between two different parties that are in serious need of getting rid of a property.A whole other line of consideration for successful real estate trades is taxation, and I have written a series of blog articles on conducting 1031 Tax D...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
We had such great response to the Tallahassee Florida Real Estate Blog yesterday that we’ve decided to issue a second edition of our most trafficked blog articles. Today’s compilation of real estate articles will focus on Tallahassee real estate.A Great Tallahassee Real Estate Case Study - Home ownership in the Tallahassee real estate market is the single-greatest investment that a family can make. It blows away the stock market, and for most families, it is by far the smartest investment that they can make.Tallahassee Real Estate Historical Information - We often hear that the Tallahassee real estate market is cyclical, but sometimes a picture will show us much more than mere words can communicate. This blog article includes excellent charts, graphs and analysis of the previous 68 quar...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I was speaking with a home owner in the Tallahassee real estate market yesterday who was very frustrated that she could not sell her home. She has had it on the market for over a year and was now considering my company for the job of selling the home.The first thing that I shared with her is that she is not the only frustrated homeowner in Tallahassee, and for that matter, she does is certainly not the only frustrated homeowner in the US real estate market. I really felt for her and wanted to try to end her frustrations.If you have been reading the Tallahassee Florida Real Estate Blog for a while, then you are aware that our nation is suffering through a very tough real estate market right now. Inventories are rising in all but a select few markets and frustrated homeowners are having t...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I thought I might provide some insight on How Home Values Are Determined. Everyone who owns a home typically likes particular aspects of that home. But these likes and dislikes have less to do with the value than you might think, so let me give you some value-thoughts to chew on:Value is a moment in time and is based on what else buyers can buy, the day they go out and look at your house.Prices are not forever, because values are fluid. They go up, and they go down, depending on what other sellers do with their prices.Value is never an isolated concept, its always relationship concept, the value in relation to what other people buy.Agents and Sellers set prices, but buyers determine value. This is critical because we can set prices all day long, but we don’t have any control over the ma...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Click Here to tell the Senate to keep the higher loan limits in place for 2009 and beyond. You might not be aware of an important decision that the United States Senate will be considering in the next few days. This decision will determine whether or not housing consumers will be able to get fair, safe and affordable mortgage credit, which of course is a major part of the health of the national housing market. Current loan limit increases for FHA, Freddie Mac, and Fannie Mae are due to expire at year’s end. There is a major push by many groups to make these loan limits permanent in order to restore investor confidence and stabilize mortgage markets and the entire economy as well. While this is definitely national news, it also hits us close to home in the Tallahassee real estate market....
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By Myers Jackson, America's Auctioneer
(Auctioneer, Texas Flip N Move )
  The Certified Real Estate team has been comissioned by Leon County to sell a home built by students of Godby High School in Tallahassee. The home was built as part of a grant given to the school for the "build-a-home" program that is comprised of students in the Academy of Archictecture Engineering and Construction. The program offers students the oppurtunity to have a "hands on" experience and cultivates an active learning environment. This tallahassee home will be sold online only at www.certifiedrealestateauctions.com. 3 BD 2 BTH New Roof New Paint New wood cabinetry Updated lighting Dishwasher/Fridge included This home was built under strict supervision of licensed professionals assisting the students. Home will be moved off school property when sold. Fully inspected by county. 10...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
The Tallahassee Green Building Council (GBC) meeting that I wrote about a few days ago was a great success!   The place was packed with builders, realtors, home inspectors, and other professionals coming to learn more about the Florida Green Building Coalition Green Home Standards certification. Many had already had a little experience and were there for networking purposes. Others were new, or relatively new, to green building and were coming to learn about associated costs, obstacles, and what types of market advantage green homes might have.   Suzanne Cook, of the Florida Green Building Coalition, gave a great presentation and overview of the whole certification process and fielded questions from the audience.   This particular GBC meeting/event was graciously hosted by Mike Rogers, ...
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By Alex Mordas, Green Building Consultant
(EarthSTEPS)
    In a collaborative effort, the city of Tallahassee, is now offering a new recycling program for downtown businesses - I've heard through the grapevine, but not yet confirmed that this offer can include businesses located outside of the target zone also! So definitely call if you are interested!!   The downtown area, defined for this program includes all businesses located within the confines of Gaines, Tennessee, Gadsden and Bronough.   Businesses wanting recycling services may register and receive a 96-gallon recycling bin for weekly pickup. Recyclable materials included in this program are as follows: Paper and cardboard only - excluding paper with greasy or wet food like pizza boxes or drink cartons. Plastic bottles or aluminum cans will be possible for certain downtown locations...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
As I continue the tale of my efforts to secure a much desired house for my client, we are entering the 5th month of this saga.  We have been through     previous efforts to secure contracts on houses.  All have failed.  Time to get serious.  Or, as my broker, Joe Manausa said, at least completely exhaust any possiblity on the first house, Dellview.  'Cause my buyer is in love with that house and I need to get it out of her system. But to do that, I have to find the trustee for the estate and get him to talk to me...  so I look up the registered owner, a brother in Ft. Myers, FL, call and get the number.  A woman answers and when I explain why I'm calling, she gives me the number of another brother in NY and wishes me luck "he's very hard to reach."  Oh great. I call NY and leave a messa...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Every so often, I like to take a detailed look at residential sales in the Tallahassee real estate market. By downloading all of the sales from the Tallahassee Board of Realtors Multiple Listing Service (MLS), I am able to graph some trends that might not be so readily evident from the general market reports that are published without scrutiny from the Florida Association of Realtors. For the purpose of this study, we will define residential sales in the Tallahassee real estate market as the sales of condominiums and townhouses (CT) plus the sales of single-family detached homes (DET) in Leon County, Florida. These abbreviations are used in the following graphs to differentiate the unit types. The first graph depicts units sales (quantity) for the months of January through April for eac...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Every so often, I like to take a detailed look at residential sales in the Tallahassee real estate market. By downloading all of the sales from the Tallahassee Board of Realtors Multiple Listing Service (MLS), I am able to graph some trends that might not be so readily evident from the general market reports that are published without scrutiny from the Florida Association of Realtors. For the purpose of this study, we will define residential sales in the Tallahassee real estate market as the sales of condominiums and townhouses (CT) plus the sales of single-family detached homes (DET) in Leon County, Florida. These abbreviations are used in the following graphs to differentiate the unit types. The first graph depicts units sales (quantity) for the months of January through April for eac...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
It’s all the talk among the real estate blogs. Have you heard?I had not written a blog on real estate short sales because there is so much out there already. I decided to get up early this morning and see if anybody had written anything that would explain this process to a lay-person (a lay-person in short sales is somebody who owns a home with lots of equity — humor). So what exactly is a short sale? A real estate short sale is when a home gets sold and the proceeds from the sale “fall short” of what the property owners owes on the mortgage(s) on the home. The bank(s) agrees prior to closing to accept a lesser amount than what it is owned. The bank will do this if it feels it will get more money through a short sale than through the timely and expensive cost of a foreclosure action. Th...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Today is a travel day for me. I’m heading to Chicago and will getting to see some of the real estate in the great Midwest. As I sit here and write this in the airport, I am listening to the people sitting near me discussing their recent purchase of a home in Tallahassee. While I know that eavesdropping isn’t exactly good form, I am pleasantly surprised at the optimism that I see in them about the real estate market in the next few years. You see, they felt that prices had come down to the levels they were right before the boom, therefore buying today is just like being able to buy a home in Tallahassee in 2005. So that gave me a great idea. What if I could create a “Price Reductions” page on the Tallahassee Florida Real Estate Web Site that would allow our readers to have a way to see p...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Thank you everybody for the great feedback from yesterday’s blog about price reductions in the Tallahassee real estate market. As I am on the road, this will be a brief update about yesterday’s conversation regarding a price-reduction page coming to the Tallahassee Florida Real Estate Web Site. Please preview the draft format by clicking the link below. I would love some feedback on the fields displayed in this table. I’m not looking to make this a comprehensive project, but if you have ideas on what could make it better, please provide them in the comments section below. If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and h...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
This Tallahassee Florida Real Estate Blog will be short and sweet. I’ve just come back into town and have a lot of catch-up work to do. I’ve been out of town since Thursday and the first thing that I want to know is whether or not we’ve seen a directional change in the residential inventory in the Tallahassee real estate market. The easiest way to do this is to go to the Tallahassee Real Estate Market Bulletin and check the graph. If the yellow section is below the zero line, then inventories are finally dropping. If the yellow is still above the zero line, then we are continuing to add inventory. As we can tell from the graph above, our sixty-day trend is still “above the line.” This means that our residential inventory in the Tallahassee real estate market is growing by about 2 homes ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I am helping an investor buy an investment property in Tallahassee today. With most people concerned about the market and choosing to be sellers, he likes to “swim upstream” and so he has moved to a buying position in the Tallahassee real estate market.I figured our selection process might make for an interesting blog post. The simplicity of what he is doing has caused me to realize that sometimes our fears cause us to miss the obvious signs of what we should do. But as he reminded me, the return in real estate is found in long-term, leveraged appreciation. Too many investors think the money is in speculation or in the “flip,” whereas seasoned investors like to watch the appreciation build up.So, today’s Tallahassee Real Estate Blog will feature a home for sale in Tallahassee. This is a...
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