Mandarin/Jacksonville - Real Estate Blog

Jacksonville Florida - Mandarin Communties Featured Today
March 27th, 2007 11:29 AM

Mandarin Communities. The links below will provide active MLS listings for various price points for Mandarin homes. All listings are represented by various brokers and agents and are provided as a courtesy to our website visitors. Some of the listing reports may include up to 30 listings depending so they may take several minutes to load depending on the speed of the internet connection you have. Please be patient.

Mandarin Homes Priced $175,000 and Under

Mandarin Homes Priced $175,000 to $190,000

Mandarin Homes Priced $190,000 to $200,000

Mandarin Homes Priced From $200,000, please email us your request.

If you would like more information on any of these homes or wish to schedule a viewing, please email us or call us directly on 904.461.4668.

 carollorenc@watsonrealtycorp.com


Posted by Carol Hannan Lorenc on March 27th, 2007 11:29 AMPost a Comment (0)

Good News & Not So Good News on the Jacksonville Florida Housing Market
March 23rd, 2007 3:37 PM

The Florida Association of Realtors reported today that the sales of existing single-family houses in the greater Jacksonville area were down slightly in February compared to the same period last year and while sales were off by 5%, median prices increased by 1% to an average of $198,100.

Resale condos on the other hand were down 42% and prices fell by 2% to $163,000 for February 2007 compared to February 2006.


Posted by Carol Hannan Lorenc on March 23rd, 2007 3:37 PMPost a Comment (0)

When Selling Your Home -- Selling Agents Versus Listing Agents
March 19th, 2007 9:57 AM
You have decided to sell your home and intend to use a real estate broker. A particularly wise decision in today's market with large numbers of homes for sale and where a maximum marketing campaign will likely be necessary. Selecting a broker and the real estate agent who will actually list your home and who you will be working with directly is a very important decision. Once you have decided on a particular broker and one who has a strong presence where you live, picking the best agent to list your home is the next step. Many people aren't quite sure where to start when looking for an agent and tend to fall back on the local newspaper to find someone. They go to the real estate advertising section and often select the agent running the most colorful or largest ads. But before you go forward and make your decision, consider this. Real estate agents (not brokers) tend to fall into two broad categories. Those that focus on listing homes and those that focus on selling homes. When a home is sold, the listing broker (agent) is paid a commission and the seller broker (agent is paid a commission. When markets are strong and inventories low, choosing either a listing agent or selling agent may make little difference. However in slower markets, you may be well advised to select an experienced selling agent who works on finding buyers and not people who wish to sell rather than buy a home.

Posted by Carol Hannan Lorenc on March 19th, 2007 9:57 AMPost a Comment (0)

For Sellers, it’s Time to Reflect and be Realistic
March 16th, 2007 11:46 AM
Existing home inventories at near all time highs in most markets around the country. While market conditions are beginning to stabilize, it is going to take a great deal of time for the inventory levels to drop to a point that will first stabilize prices and then perhaps support modest price increases in selected markets. In the meantime, home sellers need to take stock of their current financial situation and make a determination as to the optimum pricing for their home. A starting point is to determine what the monthly carrying costs are for continuing to own the home. This includes the mortgage, real estate taxes, HOA fees, CDD fees and maintenance. Next, ask your real estate agent what sales have occurred over the past 4 months in your neighborhood or comparable area and how they compare to your home in terms of features, desirability and price. Then ask yourself in today’s market, would I buy the house I am currently trying to sell for the price I am asking? If your answer is yes, OK and stay with your current pricing strategy. If you answer is no, then it’s time to consider lowering your price to attract buyers, just like you!

Posted by Carol Hannan Lorenc on March 16th, 2007 11:46 AMPost a Comment (0)

First Time Florida Homebuyers?
March 12th, 2007 4:13 PM

Some of the highlights----Some of the programs

  • No points/ No origination fee/ No mortgage doc stamps/intangible tax
  • Florida First program 30 year fixed at 5.79% with up to $5,000 2nd mortgage for closing costs and down payment assistance also a 40 year fixed at 5.89%
  • Florida Plus 30 year fixed at 6.35% provides 4% of the loan amount as assistance for down payment and closing costsalso a 40 year fixed at 6.45%
  • Florida Heros 5.54% for education professionals, officers of the State of Florida, healthcare professionals, active duty military and veterans
  • Buyer must be a first time homebuyer (no home ownership in 3 years) except for Veterans Exception for all military
  • Buyer must complete homebuyer education program
  • Properties can either be existing (at least 5 years old) or new
  • Total household income limits apply, for instance-non-targeted for Duval County:

--1- 2 person household $60,300, and 3 or more $69,345--

Source: Countrywide Home Loans


Posted by Carol Hannan Lorenc on March 12th, 2007 4:13 PMPost a Comment (0)

Negotiating and Offer Strategies in Today’s Residential Real Estate Market Part I – Buy Side
March 12th, 2007 4:05 PM

The first rule in negotiating a real estate offer is to do your homework in advance of signing a contract to buy a residential property. Working with a knowledgeable and experienced real estate agent will cost you little or nothing and can save you a great deal of money. In most areas of the country, existing and new home inventories are high levels and may represent from 6 months to over 1 year of supply.

There are basically 3 types of sellers; those that can or are willing to wait for the market to rebound regardless of whether they have realistically priced their home or not; those that have a strong desire to sell regardless of their rationale but can walk away from an offer; and those that are bound to sell due to whatever reasons they have for selling.

Start with having your real estate agent find out all the pricing history available for a given property. This will include all previous sales to the extent public information is available. Determine if possible what the seller paid when purchasing the property and the years and/or months of ownership. Assuming an MLS (Multiple Listing System) property, find out what the original asking price was and how it compared to comparable values at the time of listing. Determine what if any price changes have been made with the listing. Ask your real estate agent to do a history search not only on the specific MLS listing number but on the address as well to determine what other MLS listing numbers were assigned to the property. Done correctly, this will give you the full property pricing history and a very important foundation and first step in developing your offer strategy.

Please comeback later in the week for Part II – Formulating the Initial Offer


Posted by Carol Hannan Lorenc on March 12th, 2007 4:05 PMPost a Comment (0)

New Listings in St Augustine & St Johns County
March 2nd, 2007 9:13 AM
There were 46 homes that came on the market in St Johns County in the communities of Turtle Shores, Hawaiian Isle Estates, Fox Hill Estates, Hidden Lakes, Spanish Trace, Sunset Harbor, Madeira Heights, Royal St Augustine, Seaside at Anastasia, South Hampton, The Preserve and Flagler Estates. Also Beachside, Belle Haven, Myrtle Meadows, Wingfield Glen and Legends of St Johns. While inventories remain high, there is plenty of evidence that buyers are abundant as the Spring market opens.

Posted by Carol Hannan Lorenc on March 2nd, 2007 9:13 AMPost a Comment (0)

Stalling Markets Create Opportunities for Astute Buyers
March 1st, 2007 6:18 PM
The nationwide slowdown in real estate sales for both existing resales and new homes continues to deter many potential buyers. Here in Jacksonville, while the market has slowed considerably since the record highs experienced in 2005, opportunities abound for those buyers and investors who can use the market slowdown to their advantage.

Posted by Carol Hannan Lorenc on March 1st, 2007 6:18 PMPost a Comment (0)

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