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Tallahassee, FL Real Estate News

By Don Pickett
(Coldwell Banker Hartung & Noblin, Inc)
I'm busy and other Realtors I have contacted this weekend have been busy.  Buyers from out of town have been contacting me; parents are looking to buy a condo for their kids for college.   Some buyers that have been waiting for the "right" time may realize it is passing, or has passed them by.  There are plenty of great buys and sellers are ready to do what they need to do.  It appears that mortgage interest rates are climbing a little each week......."What goes Up will go Down and what goes Down will go Up".....look at gas prices too.  College parents know they have to get their kids a place to live for early August and families needing to get settled before the local K to 12 schools open in August, as well.  Maybe all the current "busy" is also being stimulated by the procrastinators ...
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By John Stehmeyer
(Riverking Custom Painting)
"There is definitely a trend toward more use of color on decks," Wilson said. One reason is that decks built in the 1980's & 1990's are aging, causing the color to soften. While cleaning will improve the color, it can't bring back its original glory. "So people are using coatings that add color to the wood to compensate," he explained. Wilson believes people are more apt to paint or stain their homes using deeper, more vibrant shades these days anyway. With the proliferation of home improvement magazines & TV shows, they are exposed to more possibilities, & with more experience, "they are more willing to consider a strong, bold color for their decks." However, Wilson was quick to point out that nearly 40% of homeowners still want a clear finish only, not a color, to showcase the beauty ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I often talk with frustrated home owners who have tried to sell their home but failed in their recent attempts. I am always amazed at the advice they have received from family, friends, co-workers, and yes, even from “real estate professionals.” So often, the advice is exactly opposite of what they need to do. With that thought in mind, I thought I would recount an experience I had recently on a real estate forum. I had written an article about how interest rates were fueling this real estate market rally and then received a comment from a “Barbara” who wrote: When buying “big ticket” items we believe that “Payment speaks louder than Price.” That’s why we advocate that Sellers price their homes aggressively then consider offering to discount the Buyer’s rate/payment at closing – especia...
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By John Stehmeyer
(Riverking Custom Painting)
Painting can be a chore, but with the right applicator, the job is a breeze. Choose from brushes, rollers, paint pads, and sprayers. Brushes    The brush is the most popular paint applicator. Brushes are easy to hold and relatively easy to clean. If used and cared for properly, they give an excellent finishes and waste less paint. A quality brush can last for years. Brushes are available in two categories: •     Natural bristle brushes are made with animal hair. Hog hair is regarded as best. Use with oil-based or alkyd paint. Clean brushes with paint thinner. •     Synthetic brushes are made from nylon, polyester or a combination. They can be used with oil or latex paint. Clean brushes with mineral spirits (oil) or water (latex). For latex paint, use synthetic bristle brushes only. Natu...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
In yesterday’s edition of the online edition of the Wall Street Journal, it was reported that a group of business executives issued a set of recommendations for the White House and Congress that are aimed at jump-starting the housing market in order to stimulate a broader economic recovery. How is this important in the Tallahassee Real Estate Market? Business Roundtable Wants Tax Credit For All Home Buyers We have written quite a bit here lately about the First Time Homebuyers Tax Credit, so this is directly related to that program. The Business Roundtable, an association of chief executive officers of leading U.S. corporations, feels that the best way to boost the economy is to stimulate the demand side of the real estate market. In their press release, they stated “We believe targete...
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By John Stehmeyer
(Riverking Custom Painting)
Tallahassee Home Improvements RiverKingPainting.com Tallahassee Paint Contractor RiverKingPainting.com Tallahassee Commercial Painting Contractor RiverKingPainting.com Tallahassee Residential Painting Contractor RiverKingPainting.com Tallahassee Paint Store RiverKingPainting.com Tallahassee Remodeling RiverKing Custom Painting Tallahassee New Home Painters RiverKingPainting.com Tallahassee Home Repairs & Painting RiverKingPainting.com Tallahassee Wood Rot Repairs, RiverKing Custom Painting RiverKingPainting.com Tallahassee Painting/Painters Residential & Commercial RiverKingPainting.com Tallahassee Painting Home Improvements Bathrooms, Kitchens, Bedrooms, OfficesRiverKingPainting.com Tallahassee Painting Interior & Exterior RiverKingPainting.com RiverKingPainting.com Tallahassee Paintin...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Yesterday’s blog article pondered whether somebody should buy a home today at possibly a higher price, yet almost certainly lower interest rates, in order to take advantage of the $8,000 First Time Homebuyer Tax Credit instead of waiting for prices to bottom. This created some discussion in the comments and email section of the Tallahassee Real Estate Blog, and made me wonder if their might be another way to consider the impact of rising mortgage interest rates in the purchase of a new home. So I decided to make a few graphs that demonstrate the impact changing interest rates have on the affordability of a home. It is easy to think that a change of interest rates of 1% is not that big, but when you consider a move from 5.25% to 6.25% (one percent), that is really an increase in the cos...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Last week we discussed home affordability in the Tallahassee real estate market and we found that home affordability was similar to levels seen in 2004. We discussed the elements that made up home affordability, but we left out a crucial point. Fortunately, long time reader “Doug” was there to point it out for us. Doug reminded us that for First Time Home Buyers, the new federal tax credit made it a “no brainer” to buy today. The first time home buyer would be able to receive an $8,000 credit against future taxes as well as take advantage of today’s lower interest rates. Being that the Tallahassee Real Estate Blog usually features some sort of analysis, I figured this would make for a good comparative study. Should a first time homebuyer purchase this year or wait another year hoping p...
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By John Stehmeyer
(Riverking Custom Painting)
Painting expert Brian Santos says the key to testing paint samples is in the light. Read more in his new book, "Painting Secrets." From Painting Secrets from Brian Santos The Wall Wizard     Author Brian Santos Q. What is the best way to try a color before you paint, and why does paint sometimes look different from the paint chips? Brian Santos: You probably selected the color by looking at it under a different type or intensity of light than what's in your room. Sunlight, daylight, fluorescent light, halogen light, and incandescent light affect colors differently. So bring the sample card into the room you intend to paint and look at its several times during the day. See how the color looks using different kinds of artificial light before making a final decision.     Quick Tip To get a...
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By Carol Palacios
(Century 21 Manausa & Associates)
Details Photo Gallery View Rooms 32303-Tallahassee (Wood Briar) MLS #196180 FOR SALE$102,000 Century 21 First Realty Joe Manausa - Tallahassee Real EstateEmail Joe Manausa - Work: 850-386-2001Cell: 850-523-6178Fax: 850-383-6400 More Photos(4) 1 Quick Links Virtual Tour Request More Info Email Listing More Photos(4) Details Address: 3281 Sawtooth Type: Residential Style: 2 Story Bedrooms: 3 Bathrooms: 3 Suite: No Living Area: 1,328 square feet Year Built: 2005 More Details Description Short sale. Price and commission subject to lienholder's apprpoval. Convenient to universities and TCC. Sparious rooms and great layout for roommates. One bedroom down, two up, each with its own bathroom. Community lake and volleyball court. Call tenant with 1 hour notice. Submit pre-qual letter and attach...
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By John Stehmeyer
(Riverking Custom Painting)
Testsimonial: Best paint work we have had. Great painters nice guys too. Thanks! Edward R Mack 6/5/2009   Tallahassee Commercial & Residential Painting Services Tallahassee Painters RiverKingPainting.com   Tallahassee Painting Services, RiverKing Custom Painting, RiverKingPainting.com 3 year written guarantee & 100% satisfaction guarantee, references available RiverKingPainting.com Tallahassee residential painting & staining, interior & exterior RiverKingPainting.com Tallahassee commercial painting interior & exterior RiverKingPainting.com Tallahassee pressure cleaning, soft washing, window cleaning RiverKingPainting.com Tallahassee cabinet painting & refinishing RiverKingPainting.com Tallahassee wallpaper removal & installation, custom trim installation, remodeling RiverKingPainting.co...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
The inventory of homes for sale in Tallahassee has been continually dropping for quite some time. Unfortunately, the rate at which people are buying homes in Tallahassee has been dropping too. As a matter of fact, the rate at which homes are selling is dropping faster than the supply, meaning that we are still seeing growth in relative home inventory. Relative home inventory is measured in “months of supply,” and it is the measurement of the total inventory of homes divided by the current demand (the current rate of home sales in the Tallahassee real estate market). In order to best understand the supply and demand dynamics in the Tallahassee real estate market, we graph three key trends and continually watch them for change: Total Number Of Residential Listings In The Tallahassee MLS T...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Hey they found us out there. Even though the Tallahassee real estate market is relatively small, our blog has been noticed. A highly trafficked online journal identified the Tallahassee Real Estate Blog by saying “So whether you’re looking to improve this quarter’s bottom line or start a new business idea, EvanCarmichael.com’s “The Top 50 Niche Blogs In 2009” will help you identify new opportunities where perhaps none existed before! Other Breaking News For Tallahassee Real Estate We are moving … that is our physical office location is moving to a new home on Capital Circle (really close to 2 great restaurants … One Fresh Stir Fry and Peppers on Capital Circle). Our new address will be: CENTURY 21 First Realty 1140 Capital Circle SE Suite #12 Tallahassee, FL 32301 If you plan on visitin...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Last week we discussed home affordability in the Tallahassee real estate market and we found that home affordability was similar to levels seen in 2004. We discussed the elements that made up home affordability, but we left out a crucial point. Fortunately, long time reader “Doug” was there to point it out for us. Doug reminded us that for First Time Home Buyers, the new federal tax credit made it a “no brainer” to buy today. The first time home buyer would be able to receive an $8,000 credit against future taxes as well as take advantage of today’s lower interest rates. Being that the Tallahassee Real Estate Blog usually features some sort of analysis, I figured this would make for a good comparative study. Should a first time homebuyer purchase this year or wait another year hoping pr...
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By Don Pickett
(Coldwell Banker Hartung & Noblin, Inc)
We had the usual increase in real estate home sales in May in Tallahassee (Leon County), though fewer than May last year.  There were 153 single family homes sold compared with last year‘s195.  122 homes sold in April; so, our sales in May was a 25% increase.  In May the average single family home in Leon County sold for $224,099, and the average listed price was $237,835.  Therefore the average home sold for 94% of the asking price.  The median sales price for May was $179,000.  The median sales price is what most published homes sales reports use for comparisons.  That is the reason why some buyers coming to Tallahassee find our prices are higher than what they have read about.  The average days on the market was 131 days based on the last listed price.  If a listing is removed from t...
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By John Stehmeyer
(Riverking Custom Painting)
In Consumer Tips and Information Pages When Painting New Fiber Cement SidingAs an engineered masonry material, exterior fiber cement siding offers exceptional stability, durability and strength. On this surface, a quality paint job will potentially stand up years longer than can be expected with even top quality wood siding. These guidelines will help you achieve the best appearance, maximum durability and the longest repaint cycle.1.Surface PreparationDepending on storage conditions and duration and time lapse following installation, the siding material may accumulate dirt or mildew and may exhibit efflorescence.Treat any mildew with a 3:1 water: bleach solution, leave on for 20 minutes and rinseRemove any dirt by scrubbing (detergent and water; rinse) or by power washing (water only);...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I’ve been reading a lot of articles online about interest rates and home affordability, so I decided I would take a look at home affordability rates in the Tallahassee real estate market. Anybody who has a stake in the real estate market is hyping today as the best time to buy a home in the history of  housing. It’s one thing to keep reading about how rates won’t be this way forever, but how does that translate into affordability for today’s prospective home buyer? The first think I did was pull historical interest rates back to January of 1992. I have the data for 30 year fixed rate mortgages, 15 year fixed rates mortgages, and 1 year arms. Additionally, I pulled all the home sales in the Tallahassee real estate market going back to January of 1992. I had to do some serious data cleani...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Things sure have changed a lot. I would have to say that things are completely back to normal when it comes to financing a home purchase. The no-doc (no documents required) loan days are over, and for good reason, so home buyers are having to be better organized and better prepared in order to close on their new home purchase. Our CENTURY 21 office in Tallahassee has a lot of home buyers that we are working with currently. They range from local people that we have known for years to soldiers from Afghanistan and Iraq who are returning from the war. The one thing they have in common is they are considered “brand new customers” to the mortgage banks that are considering their loans for approval. This is an important point to understand. Click Here For A Mortgage Preparation Checklist And ...
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By John Stehmeyer
(Pro Players Realty)
All content originally found on www.MoneyCentral.msn.com   Thought you were covered by your landlord's insurance? Think again. You'll need renter's insurance to protect your belongings from perils like theft, vandalism, fire and falling objects. By Insure.com You're moving into a new apartment and you have a lot to do: setting up telephone and cable service, letting people know your new address, deciding how to arrange your living room -- the last thing you're thinking about is insurance. If you live in a condominium or rent an apartment, your landlord's or condo association's insurance should cover damages to the building -- meaning the structure itself. But such a policy only covers their building and not your belongings. That's why you should have renter's insurance. Regardless of w...
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By John Stehmeyer
(Pro Players Realty)
Tallahassee Real Estate Buyer's Guide- Visit www.ProPlayersRealty.com for more information! Tallahassee Real Estate Seller's Guide- Visit www.ProPlayersRealty.com for more information! Tallahassee Remodlers Council Real Estate Agent- Visit www.ProPlayersRealty.com for more information! Tallahassee Real Estate Services Chamber of Commerce and Leads 6 member- Visit www.ProPlayersRealty.com for more information! Tallahassee Real Estate Sale Consultant- Visit www.ProPlayersRealty.com for more information! Tallahassee Home Sale Property Marketing Expert-Visit www.ProPlayersRealty.com for more information! Tallahassee Real Estate Seniors Real Estate Specialist- Visit www.ProPlayersRealty.com for more information! Tallahassee Real Estate Buyer's Specialist- Visit www.ProPlayersRealty.com for ...
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