Panama City Real Estate Blog

Thanks to Jackie Fowler Mortgage Loan Originator at Regions Mortgage for this update

Increased concerns about Europe helped mortgage rates improve this week, although the impact of the recently passed extension to the payroll tax reduction is beginning to push up mortgage rates for certain loans (discussed below).

The news from Europe was mostly negative this week. Economic growth in Germany was slower than expected. Negotiations on restructuring Greek debt did not progress as planned, increasing the risk of default. S&P is downgrading the debt of several European countries, including France. Finally, the European Central Bank (ECB) provided no relief, as it gave no indication that it would increase the level of aid available to troubled

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Panama City FL ForeclosuresAll across the country buyers are attempting to "snatch" up foreclosures, short sales and REO properties as if these property types were going away.

What's most interesting is many who are new to these types of properties don't really understand what they may be getting into.

Example Foreclosure - Many foreclosures are due to the owner not being able to make their mortgage payments so the bank repossess the home and offers to allow a real estate agent to sell it for them.

Issue? - Thank about it - if the owner wasn't able to pay the mortgage, how up to date do yoiu think the maintenance on the house is?  Many foreclosure properties come with significant damage due to deferred repairs and maintenance.  If you really want to purchase a foreclosure,

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How many time have you contacted a Realtor wanting information about the HOA Fees and/or history on a property here in Panama City Beach, Fl, only to have them take days to return your call and then tell you, "You just missed it - It's under contract"?

When you register as a customer with jennifermackay.com, you are working with a team of dedicated Panama City Real Estate agents, Specialists and administrative personnel who are here for you seven days a week and return your calls at a time that is convenient for YOU.

We value our customers, and work hard to ensure you receive ALL the information you need to make an informed decision regarding your future home or investment.

So what are you waiting for?  Register with www.JenniferMackay.com today and let us…
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panama city real estate short salesThis year the buzz across the real estate internet is and remains all about Short Sales, and what great deals they are for sellers who are under water on their mortgages.  If you are not familiar with the process of how a Short Sale works, however, this Great Deal could become your Selling Nightmare.

A short sale occurs when a seller owes more for a home than the current market will allow it to be sold at, and the seller is unable (for whatever reason) to continue to make the payments.  The Seller is asking the bank to accept whatever He/She can sell the home for, and forgive the remainder of the debt so as not to adversely affect His/Her credit.

Because the 3RD Party Lein holder is involved in all aspects of…
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Summer is winding down across the Country and tempatures are cooling off for most folks.

Here in Panama City Beach Florida however, the Sun and Surf are still as hot as ever, and so are our local Real Estate Sales!  

Now that most families have gone back to the routine of School and Work, many of the great condos that grace the powder white sands and crystal clear waters of our local beaches are open and available to show.

It is also one of the best times to get deals on airfare and rooms at very good prices.

So if you have been putting off your trip to come look for that vacation home, investment property, or new place to live - now is the time to see what we have to offer.

Jennifer Mackay and her team of

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The Panama City Real Estate market summaryhas been posted and the results are a bit more conforting than last month...

Total Condo sales improved slightly over July while prices increased slightly. Hopefully, this trend will continue through the end of the year.  We have seen the bottom of the market just past us.

Home sales followed the condo trend, which could very well signify the market is moving upwards again.

Panama City Condo and Home Sales:

  • Panama City Beach Condo Sales
  • Panama City Homes for sale
Foreclosures and short-sales. continue to be a significant factor in kepping prices below market values on both condos and homes in the local real estate market. These property types…
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PanamaCityRealtyGroup.com and Blue Sun Properties unite

panama city beach condo rentals blue sun propertiesI am both very pleased and excited to announce that Panama City Real Estate and PanamaCityRealtyGroup.com are now associated with Panama City Beach Condo Rentals at Blue Sun Properties.

I've been looking for a quality Panama City Beach Condo rental company for awhile as many of my condo sale clients and visitors are in need of quality condo rental and condo property management services.

Blue Sun Properties offer the same quality service, attention to customer needs and experience my customers and clients have come to expect from working closely with the Panama City Real Estate Team and myself.

This is just one more exclusive service I can offer my visitors, clients and customers to make

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Panama City Real Estate In keeping with the most current technology available and presenting the most advanced, easy to use real estate information possible, I'm very pleased to announce both some new website updates as well as new features coming very soon.

My technology department is busy updating the condominiums section with both new features as well as new information for my condo buying and selling clients.

Here are just a few of the updated pages, with more to come soon:

  • Aqua Condos for sale
  • Calypso Condos for sale
  • Edgewater Beach Condos for sale

In addition, the Panama City Real Estate site is undergoing a complete overhaul.  Some of the new features will be invisible to my customers, and are designed to provide even better real estate services

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The Panama City Real Estate market summaryhas been posted and the results are less than conforting...

Total Condo sales took quite a beating in July even though prices dipped slightly. Hopefully, the decrease in the mortgage rate will help remedy this in August.

Home sales however, only dipped slightly thanks to prices falling significantly. 

 

Panama City Condo and Home Sales:

  • Panama City Beach Condo Sales
  • Panama City Homes for sale
Foreclosures and short-sales.continue to be a significant factor in driving down prices or both condos and homes in the local real estate market. These property types continue to drive sales as well as home and condo values. 

Panama City Homes for sale

Owners, put my technology to work for

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Come and live the Panama City Beach lifestyle...

Here's a unique way to afford a new permanent or vacation...

Buy a Panama City Beach duplex and live in one side, and rent the other!

 

panama-city-beach-duplex-for-sale

This duplex features:

  • Balcony views of the Gulf of Mexico
  • 3 bedrooms/2 baths
  • Stainless steel appliances
  • Granite counter tops
  • and more...
View the video of this unique opportunity on YouTube: Panama City Beach Duplexes for Sale

For more information on this or other Panama City Beach real estate opportunities, contact me directly: 850.774.6582
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