If you are getting ready to buy a home, I bet there are some mistakes you are about to make and you have no idea how harmful they will be.
Fortunately, you can simply read the rest of this short article and be armed with the knowledge that will help you be different from most home buyers.
You see, most home buyers end up unhappy with their purchase. In fact, when Chase Bank conducted a survey of recent homebuyers last year, they found that 80% wish they would have known more about the process of buying a home before they purchased, and the majority would have done things far differently.
So learn from the mistakes of the buyers that came before you and avoid these 6 traps that will cause you anguish and cost your money the next time you buy a home.
We have a wonderful listing that is truly a great bargain in Lafayette Oaks, so today's post will update the housing report for this popular NE Tallahassee neighborhood.
Tallahassee's first gated community offers large homes, mature landscaping, and excellent access to Tallahassee via Mahan Drive East. The past few years have seen great changes for Mahan Drive, and I expect the better access will soon have a very positive impact on home values in Lafayette Oaks.
There are a wide array of opportunities for home buyers as most homes were built forty years ago. This means they are in a varied array of updating, so the prudent buyer should understand the value structure in order to purchase safely.
In this article, we will look at long term home price...
When it comes to figuring out what buyers are choosing in today's Tallahassee real estate market, a study of the median home in Tallahassee is a good way to evaluate behaviors and trends.
For example, are the homes getting bigger or smaller? More expensive or less expensive? And what is the impact on real estate appreciation.
The median home in Tallahassee is simply the "middle" home when looking at home sales sorted by the specific trait for which we want to observe.
The median home price is the price of the middle home in the list of homes sorted by price. The median home value is the value (price per square foot) of the middle home in the list of homes sorted by value. Etc. Etc. Etc.
This report shows the 25 year history of the median home in Tallahassee.
Median Home Price In Tallahassee
Weems Plantation started the year on fire, but sales have been cooling off the past few months.
The Weems subdivision is a classic example of a boom neighborhood, born during the housing market expansion craze and sold out in a rapid manner. This means that many homeowners purchased their homes "at the same time," and could very well want to move away on a similar time schedule.
To put this into perspective, the number of people who bought homes in 2003 is about the same that have bought homes in 2010, 2011, 2012, 2013, 2014 and 2015. Homeowners here need to be a bit concerned about pent-up supply and there will be issues with values should everybody hit the market at the same time.
So long as there is no relocation stampede, Weems Plantation's popular location on the northeast side of Tallahassee just south of the Mahan and Buck Lake Road intersection...
If you are wondering where to buy a home in Tallahassee, then you might want to do a quick study on where the home buyers before you have chosen.
We have been producing a top neighborhoods report for eight years now on the Tallahassee Real Estate Blog, and there has been some moving around within the top 10.
The top 6 neighborhoods in Tallahassee remain fairly constant (Killearn Estates, Killearn Lakes, Southwood, Killearn Acres, Bull Run, and Golden Eagle Plantation), though their batting orders move around a bit. But it's those final four positions that produce the surprises and new entrants every so often.
So take a look at where buyers are choosing to live, and see if it provides some insight on where to buy a home in Tallahassee.
When we look at the number of foreclosures in Tallahassee, it is very easy to see the glass as half full, or half empty.
On the one hand, these distressed home sales have fallen to the lowest level recorded in the past 7 years, yet on the other hand, they are still a very large segment of the Tallahassee real estate market.
Currently, more than one in five of every closed home sales in Tallahassee continues to come from a distressed home seller, and the current rate of new foreclosure activity remains at an alarmingly high percentage of all real estate transactions.
Foreclosures In Tallahassee
There are two ways we track foreclosures in Tallahassee. First, we measure the number of new lis pendens filed each month (a lis pendens filing is the initial step in the...
Ox Bottom Manor is in the heart of the 32312 zip code, which includes many neighborhoods that are in high demand due to the school zones and amenities in this region of Tallahassee.
This neighborhood is having a great year for home sales, and it is likely to be the best on record going back to 2004. As a reminder, if you live in one of the many Ox Bottom Neighborhoods, you can follow save this link to a page that always maintains the most up-to-date listings and closed home sales for all of the Ox Bottom communities.
Ox Bottom Manor commenced home construction in the late 1980s and has been building them through today, though most homes were built prior to the housing market expansion which begain around 2003.
Ox Bottom Manor has a wide selection of homes from which to choose, and the varying...
Some of the most historically sought-after real estate in Tallahassee can be found in the Betton subdivisions within the 32308 zip code.
The popular Northeast Tallahassee neighborhoods are located inside of I-10 and along Thomasville Road just north of midtown.
With homes of all ages, with some soon to be approaching 80 years (and one over 150 years old), recent buyers report their choice to live in Betton was based upon convenience and their ability to get everywhere and anywhere quickly, while also having access to the four parks built throughout the communities.
If you want to know how real estate is faring in the Betton subdivisions (Betton Hills, Betton Hill, Betton Woods, Betton Estates, Betton Place and Betton Oaks), you can start by examining long-term home sales trends. These trends are insightful and highly valuable if you are planning on selling...
If you are thinking about buying a home, then you likely are starting to wonder about the home buying process, what to expect from your Tallahassee real estate agent, third party providers, and even what you should expect from the property owner once you make an offer.
These concerns are typical from prudent buyers wanting to ensure they leave no money on the table while getting the best house possible for their personal situation. And fortunately for you, there is something important to learn on this subject and you will likely be ahead of the game when it comes time to buy your home.
In fact, the survey of recent homebuyers conducted by Chase Bank a while back showed that more than 80% of all homebuyers (after the fact) reported that they wished they had known more about what to expect before they bought a home.
So keep seeking...
We have received a lot of positive feedback about our office sign, so much so that it has prompted me to release my list of the Top Ten Real Estate Puns.
The message on the sign is changed each weekday, so it is very rare for us to go a week without some sort of feedback from our customers or from somebody who was just passing by.
And it is this feedback, coupled with my own warped sense of humor, that has helped me establish the list of the best puns about buying or selling a home. I hope you enjoy them as much as we do here at Joe Manausa Real Estate.
And as a bonus, I have included a total of 90 real estate puns in an animated picture.
A Sign That You've Found The Best Real Estate Puns
Below is a copy of our street sign that is located at 2066 Thomasville Road in Tallahassee. All you have...