New lis pendens filings in Tallahassee fell 66% in August when compared to August 2012, and foreclosures rose 60%.
The continuing decline in new lis pendens filings is exciting, as we continue to seek lower levels in order to progress in the resolution of distressed properties.
The blue line in the graph below shows that nearly 90% of all filings are ending up in foreclosure sale, indicating falling success with short sales due to the speed of approval of the bank.
Tallahassee Foreclosures Filings August 31, 2013: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 8/31/2013. Most of the properties on this list will eventually show up in our market as short sales or as a foreclosure sale at the Leon County Court House.
We have written a series of articles as a case study examining whether or not you can hire a company to repair credit issues that are holding you back from being a home owner.
The housing bubble bursting sent millions of formerly "good credit" Americans into a state of damaged credit, and we know that more and more people will be seeking ways of restoring their credit scores as fast as possible. Current mortgage interest rates are still incredibly low, so the sooner you repair credit problems, the better your interest rate will be on the home that you purchase.
The real question though is whether or not these credit restoration companies are effective at fixing your credit score any faster than it would recover on its own.
There is a perfect parallel between sellers who have an overpriced home and people (like me) who need to lose some weight.
If you will indulge me with a weight loss preface, I can demonstrate that the solution to selling your overpriced home is as simple as losing weight.
Simple, but not easy.
How An Overpriced Home Is Like An Overweight Belly
My friend Ron...
Having been a Realtor in Tallahassee for more than 25 years, I have seen my fair share of real estate negotiation styles.
It's funny though, there really are only two primary strategies that we see from people who haven't bought or sold a home in a while, and they rarely work.
If you are thinking of selling a home or buying a home in Tallahassee, take the time to understand these basic thoughts on real estate negotiation and I promise you will fair better in your next transaction.
Real Estate Negotiation - The Home Seller
How long should you list your home for sale with a real estate company?
How long does it take to sell a home? Does it take a year? Six months? Three months?
I get this question quite often from people who failed to sell their home with a previous company and are concerned they will be trapped again into a contract that will lock them up for another half a year.
But as you will see, it's a lot shorter than you might think.
List Your Home For Sale For The Right Length Of Time
The "buy and renovate" market is gaining steam, and no home renovation project is complete without talking about windows.
Yeah, that's right, our "Upgrade Windows" headline is about those wonderful sources of light that you have in your home.
If you have wanted to know what to do when it comes time to "upgrade windows," then you'll be happy to know I consulted an expert for this article.
Why You Might Need To Upgrade Windows
Don't listen to the shallow marketing rants from the real estate community, you can sell your home without a Realtor.
If you understand the process of selling a home, you can do it yourself as a For Sale By Owner (FSBO) and potentially save yourself tens of thousands of dollars.
You CAN Sell Your Home Without A REALTOR
Now don't get me wrong, I make my living helping people sell their homes. If everybody sold their home as a FSBO, I might be out of business.
But I know the majority of people do not have the time or the inclination to take on such a project, so I have no fear sharing the "home selling secrets" that...