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Tallahassee, FL Real Estate News

By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 3287 Sugarberry Way, Tallahassee, FL 3BR/3BA Single Family House offered at $95,000 Year Built 2005 Sq Footage 1,338 Bedrooms 3 Bathrooms 3 full, 0 partial Floors 2 Parking None Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION SHORT SALE APPROCVED AT THIS PRICE! All offers contingent on lien holder approval. Past buyer could not close due to financing. Nice townhouse in good condition convenient to universities and TCC. 3 Master Bedrooms each with its own bath! Easy to Show! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - High/Vaulted ceiling - Tile floor - Living room - Dining room - Dishwasher - Refrigerator - Stove/Oven - Microwave ADDITIONAL PHOTOS Photo 1Photo 2Photo 3Photo 4Photo 5Photo 6 Con...
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By John Stehmeyer
(Riverking Custom Painting)
Mildew is probably the most common cause of paint discoloration on your Tallahassee home. Mildew is a form of fungi which is most commonly black, but some species are red or green. It is usually formed if conditions are prone to grow, on walls where air movement is restricted. Often mildew resembles dirt on the surface of a paint film. A simple test can be made by applying a drop or two of household bleach solution. Mildew will usually bleach out in one or two minutes. Stain that does not bleach is probably dirt. The best way to prevent mildew is to apply acrylic latex paint and make sure the surface is mildew free before painting. Regular cleaning with a pressure washer can also help contain mildew. There are also chemical treatments available to help prevent mildew growth. With some p...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
CENTURY 21 topped all real estate companies again as it was recognized as the top training company in the real estate brokerage industry. For home buyers and home sellers, it means that the agents and staff that they work with at CENTURY 21 are better prepared to assist them during these difficult times in the housing markets around the country. Century 21 Real Estate LLC, the franchisor of the world’s largest residential real estate sales organization, was ranked No. 84 this year, the highest ranking for a real estate brokerage company, and has been in the Training Top 125 in 7 of the last 9 years. CENTURY 21 was praised for its strong commitment to delivering world-class training tied directly to production results for sales professionals affiliated with its real estate franchise orga...
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 If you haven't heard about RESPA, the Real Estate Settlement Act, and if you are a buyer or seller of real estate, here is what I believe is most important for you to understand: YOU CAN NOT CONTROL THE EFFECTS OF RESPA!  What do I mean?  For most people the only thing they will learn about RESPA is that because of it, certain things happening will mean that the closing date will become a moving target.  Is this difficult?  Sometimes.  Will it kill transactions?  Not most.  Will it be aggravating to everyone involved?  Absolutely. There is no real reason for most people to even try to understand the different disclosures and their variables or which "bucket" is which.  What everyone involved in a transaction needs to understand is RESPA may rear it's ugly head and if it does, the closi...
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By John Stehmeyer
(Riverking Custom Painting)
  A fresh coat of paint is an easy, inexpensive way to freshen up a room. Today’s paints are significantly better than their predecessors of even a few years ago. They spatter less, keep stains at bay, and can be more tolerant to scrubbing.  
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By John Stehmeyer
(Pro Players Realty)
The Tallahassee economic recovery is getting little help from the home building industry.  Construction of homes unexpectedly plunged last month to its lowest point since April, the Commerce Department reported on Wednesday. The weak figures show that builders fear there are not enough buyers to soak up the glut of unsold homes already on the market. They also illustrate how much the fledgling recovery depends on government aid. Builders held back in part because of uncertainty in October about whether Congress would extend a tax credit for home buyers. Earlier this month, lawmakers renewed the credit and extended it to more buyers. Even with government support, the weakness of the housing sector is dragging on the economy. The report on home construction said building of homes and apa...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Most home owners who interview real estate agents for the job of selling their home are not prepared for this most important task in getting the home sold. More often than not, the homeowner is most curious about what the agent thinks the home is worth, rather than the more important issues on which they should be focused. Important Questions To Ask A REALTOR® About Marketing A Home For Sale Since the majority of people “who do” real estate are part timers with other jobs, a prudent homeowner will be very cautious in the selection of both the company, as well as the agent, whom they hire for the job of selling their home. If it were me, I would create a list of questions centered around the two most important aspects of getting the home sold … marketing and value. How To Market A Home F...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Winter will be departing soon and the seasonal changes that are approaching always stimulate the Tallahassee housing market. If you need to sell your home, you have a great chance now, so don’t blow it! For you to realize success in selling a home, you have to be knowledgeable on how to determine the home value range. This is so critical that I suspect that is the top reason that most people fail to sell a home in Tallahassee (and most other markets as well).  So how hard is it to sell a home right now? The current one-year trend of the home selling success rate has risen to 46%, but I fear that number will peak soon and then begin to drop. Now remember, the one-year trend is not affected by seasonality, as each point in the graph (blue field below) represents 365 days worth of home sal...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
If you have a home for sale in Tallahassee, then you might be curious about the differing performance levels of different areas in Tallahassee. Some areas of town are doing better than others, and knowing this information can help guide you on your asking price. If your area is getting more popular, you might consider working the top-end of your value range, while the opposite is true if you are in a less-popular area. The northeast quadrant of the Tallahassee real estate market is growing in market share, while the northwest and southwest quadrants are dropping. The southeast has pretty much remained the same for the past two years. The following graph shows each area over time as a percentage of the market. The key to understanding what this real estate graph is telling us (and what i...
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 For the second opportunity at the First Time Home Buyer's Tax Credit, time is really running out!  If you have been thinking about utilizing the $8,000 tax credit and have heard it might be extended, don't be fooled.  Hopefully you have heard about the"one in hand?" There may or may not be a renewal, but one thing is certain...YOU NEED A PLACE TO LIVE! You may have only a month to make it happen, don't wait until April.  Negotiating the price, appraisals and financing are all taking longer than in the recent past.  Do not drag your feet!  It is like kicking a field goal on third down in case something goes wrong, do not wait until April!  It may prove  difficult, but if you ask this Tallahassee Realtor you need to get your new home under contract as soon as possible.  Closing time fram...
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By John Stehmeyer
(Riverking Custom Painting)
As your Tallahassee Painting Contractor, the staff of RiverKing Custom Painting will guarantee your paint job in writing for three years. We will professionally evaluate Tallahassee home’s current condition and specify the right paint system and products. Your satisfaction is our goal. We will deliver you s great looking Tallahassee paint job with fast, friendly service at a reasonable price. Our estimators are trained in Tallahassee Real Estate staging and know how to give you the most for your dollar. Some people overspend on preparing their home for sale and others don’t do enough. It can cost thousands of dollars from a lower selling price or higher maintenance costs from wood rot or peeling paint.
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By John Stehmeyer
(Pro Players Realty)
Today we’re featuring some past articles we’ve written to help with your Tallahassee Real Estate productivity. Tallahassee Craigslist Checklist Top Real Estate iPhone Apps 5 Ways to Sell a Home 20 Ways to Add Value to Your Home
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By John Stehmeyer
(Riverking Custom Painting)
Pressure cleaning (or pressure washing) is an effective and necessary way to keep your Tallahassee home or business looking its best. It also can prolong the life of painted surfaces and wood structures. RiverKing Custom Painting has been helping Tallahassee stay clean for over 20 years.
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  A very hot potato is coming to town over the next several weeks, and you really need to pay attention. Who am I talking to? I’m talking to anybody who cares about property values in the State of Florida, but most importantly I’m talking to people who own their homes free and clear as well as those who are current on their mortgages. You now have a target on your back, and the Florida Bankers Association has decided to spend a lot of money lobbying for your support on changing the laws in the State of Florida. And they don’t mind being a little sneaky about it. The Florida Consumer Protection and Homeowner Credit Rehabilitation Act This is what they want to name their bill. Ironically, it has nothing to do with protecting consumers or helping homeowners rehabilitate their credit. They ...
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By John Stehmeyer
(Pro Players Realty)
Commercial property prices have dropped ~40%  since 2 years ago.  However, in a surprise quarter prices have increased 4%.  Once quarter doesn’t make a trend but it does show that there’s a heartbeat.  Despite this good news there’s still plenty of gloom and doom on our horizon.  10% of malls are expected to close and as many as 200,000 businesses may go under next year.
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Every month around this time, I am itching to discover the changes in supply and demand in the Tallahassee MLS so that I can anticipate market price movements. What I am hoping to find is an increase in home sales versus the same month in the prior year, and an overall reduction in the inventory of homes for sale. So I log in to the MLS and download all home sales for the past twelve months and I download all the current listings. After removing all duplicates, I am able to produce the Tallahassee Home Inventory Report that is published on our site and available under the “Downloads” tab. This free download gives home supply and demand information by price range in the Tallahassee Real Estate Market. New homes and existing home sales figures are separate as well. So, what does the new...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
A few weeks ago I wrote a blog about FSU Grads wanting to return to Tallahassee. It discussed the obstacles (jobs) to returning, as well as concerns about current and future home values. The blog was a response to a long-time reader who now resides in Ohio and would like to return one day. After he read the post, he commented “On the comment about pricing, and I’m sure you already know this, the Tampa, Orlando and Ft. Myers areas (all cities with jobs) are seeing average declines of almost 50%. These numbers may factor in the shadow inventory, but the valuations are really down (as I know from a recent appraisal of my condo). Given where the Tallahassee market came from, and the other factors mentioned, there’s probably more to go.  Bad news for sellers, but potentially good news for us...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 913 Barrie Ave, Tallahassee, FL 3BR/2+1BA Single Family House offered at $165,000 Year Built 1977 Sq Footage 2,000 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Great location and great neigborhood. New HVAC in 2009 and water heater in 2008. Needs some cosmetic work. Good value for a large house! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - Family room - Living room - Dining room - Dishwasher - Refrigerator - Stove/Oven - Washer - Dryer - Balcony, Deck, or Patio - Yard ADDITIONAL PHOTOS Photo 1Photo 2Photo 3Photo 4Photo 5Photo 6 Contact info: Joe Manausa Century 21 First Realty 850.523.6118 For sale by agent/brok...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 2917 Modred Lane, Tallahassee, FL 3BR/2BA Single Family House offered at $180,000 Year Built 1989 Sq Footage 1,631 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION SHORT SALE! All offers contingent onlien holder approval! A great house in very convenient in town location.Split bedroom plan needing very little cosmetic work. Also includes seperate office. Fenced backyard with large deck and low maintenance landscape. Practically move in ready! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - High/Vaulted ceiling - Family room - Dining room - Dishwasher - Refrigerator - Stove/Oven - Washer - Dryer - Balcony, Deck, or Pati...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 7145 Shady Grove, Tallahassee, FL 3BR/2+1BA Single Family House offered at $199,000 Year Built 1997 Sq Footage 1,716 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size .17 acres HOA/Maint $0 per month DESCRIPTION SHORT SALE! All offers contingent on lien holder approval! 2 story 3 bedroom home with huge master suite. All bedrooms upstairs. Home features a gas burning fireplace, low maintenance yard, laminate wood flooring downstaiirs, interior utility room.Please warn your buyers, home is a bit dirty and messy, no structural damage noted. Home has a lot of potential, just needs a little TLC. Please contact LA prior to showing for further instructions! see additional photos below PROPERTY FEATURES - Central ...
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