Panama City Real Estate

Found 10 blog entries about Panama City Real Estate.

Just a quick update regarding Bay County and ourselves....

Obviously, my family and I have survived the worst of the hurricane! I'll post pictures shortly - our house came out better than some and not as good as others.  Several of my neighbors have lost everything

Thank you so much to all the well wishers and inquiries.

Unfortunately, we still have no Internet access (We're on comcast and are not expected to regain access until end of November).

We also have intermittent power outages, and just this week we were able to get our A/C working again (Thank you Jeff!!!).

In the meantime, I do have some important information about the rebuilding if our area that I will be posting in the next few days as I can get internet access.

For now,

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This month, we're pleased to present one of the newest communities in the Panama City Florida area SweetBay Homes as our featured community this month!

SweetBay is a planned community area, located at the site of the old Panama City Airport.

SweetBay homes for sale by Jennifer Mackay

 

 

 

SweetBay homes are close to shopping, dining and family entertainment venues. 

The Sweetbay community offers the following amenities for its residents:

  • Biking and hiking trails
  • A boathouse to launch canoes, kayaks and paddle boards
  • A permitted marina
  • Community pool
  • Several walking parks
  • Ponds
  • Children's playground
SweetBay Infographics
SweetBay Home sales Sweetbay Home sales
 
Sweetbay Homes Sweetbay Homes

 

Remember: The Panama City Realty Group Sells SweetBay Homes
 

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Panama City Realty Group

This is a First Quarter market report and analysis for Condos, Townhomes and homes for sale in Panama City and the surrounding areas in Bay County of Florida. Real estate market data and analysis is provided by The Panama City Realty Group and Bay County Association of Realtors.

Excluded are Mobile and Manufactured homes.

The following numbers represent the difference between 2015 and 2016. We are primarily a 2nd home and vacation home market and as such, our numbers are highly subjective when in an election year

Condominiums and Townhomes

  • Inventory has increased approx 2% over last year
  • Prices have decreased approximately by 10%
  • There are approximately 10% less listings available last quarter than in 2015 

These number

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I've just received a notice from my office broker - I pretty much expected this since my average DOM's (Days on Market) are much less than 30 days and rarely over 45.

Those 1-3  DOM's really help my average LOL!

Per my broker.

Here is a number you can use!

Keller Williams "average days market" stat is 79 days before our listings are sold. BCAR average days on market is 103. We are out producing the market by almost 25%

Yay ;)

 

What this means to you as a Home or Condo seller...

If you list with me, your Panama City or Panama City Beach property will be sold on average much quicker than if you listed with any other agent in Bay County!

And that is something of which I am proud!

panama city beach realtor

Welcome to our Panama City Beach real

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Wow, I didn't think I'd see pre-sales of condos again for quite awhile.

That being said, I have new information regarding pre-sales registration for one the most prolific condo complexes in the area.

If you're interest in getting in on this pre-sale registration opportunity and want to pick your condo before it's built, contact me today - 850.774.6582 and get started on your pre-sales investment.

The bottom line?

Investors and condo buyers - contact me today while prices are still low and gradually increasing - they won't be this low much longer!

panama city beach realtor

Welcome to our Panama City Beach real estate blog. Please share your thoughts and opinions as comments are always welcome, whether you are a consumer, journalist or another real estate

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panama city beach realtor

 

Title Insurance - What it is and why you need it.

Title insurance is a contract between the title underwriter (Insurer) and the insured (home owner) whereby the title underwriter (Insurer) agrees to indemnify the insured for all loss (up to the amount of the policy) and expenses which the insured (home owner) may suffer by reason of the title to real property being other than as represented in the title policy.

The coverage of the policy, like all policies of insurance, is subject to the conditions, exception and exclusions provided in the policy.

A title insurance policy is a guarantee against the possibility of loss if the attorney/closing agent makes an honest mistake. An attorney’s liability is restricted by his or her ability to pay

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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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If you've read my other blog - Panama City Real Estate Blog about some of the decisions lenders are making in large part thanks to the so called Economic Recovery Act you can understand my frustration.

Are lenders losing their insanity?  Are the people in charge of the decision making process actually qualified to make these decisions?

I have to wonder at the competency of these people.

Perhaps they are more interested in taking a loss on their books than actually helping tax paying, home owners in the United States?

What do you think?

Are lenders taking advantage of a hand out for tax gains that should have been issued to home owners?

Should our government investigate the practices of these lenders?

Where are our elected officials,

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Yesterday, the U.S. House of Representatives passed the Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017).

Through this legislation, the guarantee fee in the USDA Guaranteed Rural Housing (GRH) Program may be raised to offset any need for Congressional appropriations.

Additionally, H.R. 5017 would authorize USDA Rural Development to guarantee up to $30 billion in loans in Fiscal Year 2010. 

This would represent an additional $18 billion in loan making authority for the remainder of this fiscal year.

Before these changes can be implemented, similar legislative action will need to occur in the U.S. Senate.

Following this action in the House, the USDA Rural Development National Office sent an announcement that stated: Depending upon

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Just released - Fannie Mae foreclosure incentives...

Source: The Wall Street Journal, Nick Timiraos (04/26/2010) 

Beginning in July, Fannie Mae will allow financially troubled home owners to complete a “deed in lieu of foreclosure” or a short sale and be eligible to apply for a new Fannie-backed mortgage in two years.

Currently, borrowers who have completed a deed-in-lieu must wait four years to apply for a loan that Fannie will purchase. Home buyers who go through foreclosure must wait five years.

All these waiting periods can be reduced further, if the potential buyer can show extenuating circumstances. "We are beginning to think about post-recession, how you address borrowers who became unemployed through no fault of their own ... and now

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