New lis pendens filings in Tallahassee grew 56% in October when compared to October 2011, and foreclosure sales jumped by 235%. The continuation of mass foreclosure filings means that there are still a lot of distressed properties moving towards the Tallahassee real estate market.
Currently, the foreclosure sale to Lis Pendens filings ratio has dropped from an all time high 13 months ago to 50%, as we can see with the blue line in the foreclosure graph below.
Tallahassee Foreclosures Filings...
As I was conducting my monthly review of home sales in NE Tallahassee, I stumbled across a certain type of Summerbrooke house that is defying the market.
That's right, as everybody else in the Tallahassee real estate market is still dealing with falling values, I have found a type of Summerbrooke house that has been rising in value in 2012.
So if you are interested in buying a home in Summerbrooke or selling a home in Northeast Tallahassee, you probably want to know more about this specific type of Summerbrooke house.
Summerbrooke House Prices
As you can see from the real...
Is there somebody lurking around the homes in your neighborhood who does not (yet) belong?
I'm betting there is.
Of course, I don't mean somebody like Michael Myers of Halloween fame or Jason Vorhees from Friday The 13th, rather it's somebody who seems to be keeping a close eye on the real estate in your Tallahassee neighborhood.
Just Who's Stalking Homes In Your Neighborhood?
So if it isn't a slasher or creepy Halloween figure, just who is lurking around homes in your neighborhood?
Believe it or...
As another month works its way to the end, I find myself drawn to the NAR to observe the next slight-of-hand trick that usually accompanies their Pending Home Sales Reports.
For those readers who have not followed our scrutiny of previous pending home sales reports, you might find my analysis a little a bit confusing. After all, I'm a REALTOR® and a member of the National Association of REALTORS, so why am I picking apart another one of their reports?
Misleading Pending Home Sales Reports
This month, NAR reported that the trend of improving pending home sales reports has grown to 18 consecutive months.
That is not the case in the Tallahassee...
A lot of the questions that I am getting these days refer to seasonality in real estate and specifically when to sell a home.
While there are plenty of people who won't even think about the consequences of waiting until after the holidays, I am finding a growing trend of awareness among homeowners who understand they need to do diligent study before they sell their home.
Gone are the days where you simply hire your tennis buddy to throw a sign in the yard, today's difficult housing market mixed with the complex science of ...
Most US housing markets saw a surge in demand for luxury homes during the boom of the housing market, and now some markets are finding that there will be no recovery for the majority of these homes.
It is my belief that the explosion in the sale of luxury homes was fueled by a combination of two significant loan programs created by the banking industry, and these two "game changers" will not be offered again in my lifetime (more on that below).
Currently, there are several years worth of supply of luxury homes for sale in Tallahassee, and I see no realistic scenario that will allow these homes to appreciate again in the next ten years. This...
If you have been wanting to make a move and have not been able to sell your house, then I hope you can find some comfort by understanding the five stages of grief that you will experience.
This is no shallow comparison to the grief that we feel when we lose a loved one, rather it is my attempt to show you what will happen if you fail to sell your house, and how you can use the experiences of others to avoid the inevitable outcome for which you are heading.
You see, selling your house is often times stressful, but failing to do so once you are committed to moving is down right depressing.
The 5 Stages of Grief For When You Fail To Sell Your House
There have been numerous books and...
We often are asked about trends in the different Tallahassee neighborhoods for which we report at the Tallahassee Real Estate Website, and none is requested more often than Golden Eagle Plantation.
I am always amazed when somebody is willing to buy or sell a home in an exclusive neighborhood without having a full understanding of the underlying trends that are guiding values there.
For example, there currently are 41 homes for sale in Golden Eagle Plantation that are listed in the Tallahassee MLS, and there are quite a few more that will be joining their ranks ...
So you wanna buy a short sale in Tallahassee. Well, you're not alone.
In fact, most people who want to buy a short sale in Tallahassee are being disrupted by scores of people who really don't even know what they are doing.
Imagine, the most perfect short sale deal in Tallahassee is in the perfect neighborhood, but when you go to make an offer on it, you find out that it is already under contract.
Of course, they tell you that you can make a back-up offer, but wouldn't you rather be in first position?
Why Buy A Short Sale In Tallahassee