Tallahassee Weekly Lis Pendens Filings June 30, 2009
I recently came across a question by a reader who was wondering "who pays the closing costs in a real estate transaction." This question, or a form of it, is answered by real estate professionals on each and every transaction that occurs.
First of all, real estate closing costs are the fees, costs, and taxes (over and above the price of the property) that occur when real estate is transferred from one party to another. The conveyance of real estate is initiated and directly by a contract for sale and purchase, and closing costs should be specifically identified in this document. So how do you know who pays what?
Anybody who has been following the Tallahassee Real Estate Blog for any amount of time knows that I have a habit of getting a bit too analytical at times. Well, that habit does not just apply to the Tallahassee real estate market, it also applies to this real estate blog.
I have tracked the number of readers coming to the Tallahassee Real Estate Blog pretty much since the very first post. Perhaps the earliest surprise that I found was that many of our visitors were from outside of the Tallahassee real estate market.
All too often, we see homebuyers who are "looking for the deal" get involved trying to buy a short sale in Tallahassee. A short sale is when the home owner and the lender(s) for the home owner agree to sell the home for less than what is owed on the home. But as this reader found out, it's not as easy as just making an offer and proceeding to closing.
This frustrated short sale buyer writes:
My wife and I are trying to buy a short sale. We made the highest offer (full price), we were the 1st offer in and have an escalation addendum to bring it up another 12k. The realtor convinced the selling family to choose another offer, for a lesser amount! We are going fha and they are conventional so they went with them (I bet it is a friend to friend deal). I NEED HELP...Does anybody have a...
Every year, the Joint Center for Housing Studies of Harvard University puts together a report on the State of the Nation's Housing. This year's report was published a few days ago and I thought I would share some of the key findings of the report.
Note: You have found the 2009 State of The Nation's Housing By Harvard University. You can see newer reports for the ...
It has been a few months since we updated the status of home sales in Golden Eagle Plantation. For those readers new to the area (or new to this blog), Golden Eagle Plantation in Tallahassee is a golf course community that features a highly regarded Tom Fazio golf course and is the center of Killearn Lakes Plantation.
Home sales in Golden Eagle have fallen roughly 70% from the peak of the market, with a monthly average of just under 2 home sales (existing home sales). This mirrors home sales very closely in the rest of the Tallahassee real estate market.
Sales prices have held much better than the rest of the market, with square footage prices down only 7% since the peak of the market in August...