Changing Times For Short Sales And Foreclosures In Tallahassee

Times and trends are changing for the short sales and foreclosures in Tallahassee.

What we often refer to as “distressed properties,” we have seen a new industry within an industry arrive, dominate, and now recede, all in the past 7 years.

The percentage of distressed properties in Tallahassee that are being sold as short sales is nothing like we have seen in the past, but you might be surprised how  this change has impacted the liquidation of these non-performing loans.

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7 March 2014
Joe Manausa
FL
Century 21

Navigating The Tallahassee Real Estate Website

We get thousands of people coming to the Tallahassee Real Estate Website every day, but most visitors are only scratching the surface in terms of what we have to offer.

While many come to use our top rated property search tool or read an article about real estate in Tallahassee, just as many are not aware of the tools and resources that are available and just waiting to be used.

Today we’ll identify the fastest ways to navigate the Tallahassee Real Estate Website, and hopefully expose a few benefits that will provide a better user experience.

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24 February 2014
Joe Manausa
FL
Century 21

Top Tip When Shopping Tallahassee Homes For Sale

I have noticed a common error being made by newcomers and experienced homebuyers alike when searching Tallahassee homes for sale, and I want to suggest a solution that will save many of you from heartache and financial loss.

You see, the housing market made a turn in 2008 to a place where no current buyers or real estate agents had ever been. This new market, where distressed properties were no longer a tiny niche but rather a main staple of the houses available, made the process of determining value a rather complicated affair.

There have been many homebuyers in the past few years that paid too much for a home, because they did not have a solid grasp for what the home was worth when they made an offer. My tip will show you how to be a smarter buyer when you shop Tallahassee homes for sale.

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30 January 2014
Joe Manausa
FL
Century 21

Tallahassee Neighborhoods With The Most Foreclosed Properties

This weekend we posted our annual report on foreclosed properties, listing every new lis pendens filed during 2013 and identifying trends that we feel will impact the Tallahassee real estate market.

I recommend you give it a read if you have any interest in distressed properties or if you plan on buying or selling a home this year. The included graphs show a major trend change that will impact the number of distressed homes for sale in Tallahassee this year.

Today we’ll look at the neighborhoods that posted the most new lis pendens filings, and which ones will likely see significant offerings this year from lenders and property owners that need to cure a problem.

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20 January 2014
Joe Manausa
FL
Century 21

Tallahassee Foreclosure Sales Rise 316%

In case you missed our update on Tallahassee foreclosure sales, the year over year change in November showed a rise of 316%.

Yeah, that’s not a typo, our latest report on foreclosure sales in Tallahassee showed 187 recorded in November, versus 45 that were recorded in November 2012.

So is this bad news or good news for the Tallahassee real estate market?

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16 December 2013
Joe Manausa
FL
Century 21

It’s Time To Demand The Mortgage Forgiveness Debt Relief Act Extension

I am not sure why, but there isn’t much talk yet about extending the Mortgage Forgiveness Debt Relief Act into 2014.

Before you (yawn) and figure this topic doesn’t impact you, you might want to reconsider your position.

In fact, this issue will have a significant impact on home values for the next five to ten years, so you might want to take the time to speak your mind.

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30 March 2014
Joe Manausa
FL
Century 21

Number Of Short Sales And Foreclosed Homes Declining

The number of foreclosed homes and short sales continues to decline, though they still account for nearly one third of all homes sold in Tallahassee.

Our continued tracking of the distressed homes for sale in Tallahassee has yielded a report that has exceeded our expectations for 2013, and looks to continue doing so next year as well.

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25 November 2013
Joe Manausa
FL
Century 21

Will Current Houses For Sale In Tallahassee FL Overwhelm You When You Try To Sell Your Home?

If you are thinking about selling a home sometime soon, I urge you to study the make-up of the houses for sale in Tallahassee, FL.

It really doesn’t matter what’s happening in other markets, or other price ranges for that matter, the most important thing is that you know who your competition is and what they are doing to get a home sold right now.

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5 November 2013
Joe Manausa
FL
Century 21

Tracking Trends Of Distressed Homes For Sale

I have been monitoring and reporting on the number of distressed homes for sale for more than seven years.

Prior to 2007, foreclosures, short sales, and bank owned properties were such an insignificant percentage of the Tallahassee real estate market that there was really no need to consider them as anything more than “noise” in our data.

But times change, so we are constantly monitoring the inventory of homes for sale that are being sold under less than ideal situations.

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25 October 2013
Joe Manausa
FL
Century 21

New Trend Emerges For Tallahassee Foreclosures

The number of new lis pendens filed each month is on a sharp decline, possibly indicating the beginning of the return to normalcy for Tallahassee foreclosures.

With roughly 1 new foreclosure for every 3 houses sold in the past year, Tallahassee has been looking for relief in the distressed properties market.

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29 September 2013
Joe Manausa
FL
Century 21

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the MLS.

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