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5 Tampa Bay Short Sale Myths Busted for Waterfront & Beach Sellers

Tampa Bay Short Sale Myths – Helping Waterfront and Beach home owners Avoid Foreclosure

We help home owners from Clearwater Beach to Tierra Verde along our 26 miles of beaches and Tampa Bay waterfront and while we are seeing the Tampa Bay waterfront real estate market turn to a balanced or seller’s market (mostly due to lack of supply) – the fact remains that there are still many homeowners looking to avoid foreclosure and understand their Tampa Bay short sale options.  It’s understandable when you realize we’re a long way off from the high prices we experienced 5 years ago.

clearwaterbeachshortsalesagent 300x300  5 Tampa Bay Short Sale Myths Busted for Waterfront & Beach Sellers

Called “the Painless Realtors” 727-710-8036

Our Pinellas Beach real estate market has seen a 50% correction off record highs which means people who purchased anywhere from late 2004 to 2010 can still find themselves with properties with mortgages and costs to sell coming out to be more than they can sell their Pinellas waterfront property for today.

Good News for Tampa Bay Home Sellers – Easier Now to Get a Tampa Bay Short Sale

Watch this short video and see why there have even more options than ever for Tampa Bay home owners to avoid foreclosure today. Obviously each situation is unique, so if you want to avoid foreclosure and have questions, even if it’s What is a short sale? - no worries, so you’re safe asking us anything about short sales or any other real estate questions you have when considering selling your waterfront home or condo in today’s market.  We’re be happy to help you get them answered with our team specializes in helping Pinellas waterfront home sellers

As a Pinellas Waterfront or Beach Home Owner Have you wondered….

If you’ve had questions like these you’ll be happy to see these Myths busted in our video below….

All you have to do is Call us now at 727-710-8036 for a free Confidential Consultation to understand all your options.  You can also be comfortable that there’s never any pressure from us – we always treat people the way we’d like to be treated – with caring respect and empowering knowledge because we believe when your choices are clear your decisions are easy.  Whether you decide to pursue selling your home or not – we want to make sure you have all the information you need.

So in summary, if you are thinking of buying or selling a waterfront homes in the Tampa Bay area and value hard work, knowledge and results then please give Jack and I a call at 727-710-8036 to see how we can best help you. We’re committed to delivering Results daily based on Integrity, Knowledge and Experience – helping you buy or sell your luxury or waterfront home in Tampa Bay  

jknge  5 Tampa Bay Short Sale Myths Busted for Waterfront & Beach Sellers

Call us today…

Warmly,
Cyndee and Jack Haydon, Realtors
Charles Rutenberg Realty
1545 S. Belcher Rd
Clearwater Florida 33764
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)

Check out over 50 Tampa Bay Waterfront and Beach Client testimonials here > http://www.sandbarstosunsets.com/clients/

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  5 Tampa Bay Short Sale Myths Busted for Waterfront & Beach Sellers

About Cyndee Haydon

Cyndee Haydon, Future Home Realty - Realtor | Estate Agent specializing in selling Luxury homes and beach condos from Clearwater Beach to St Pete Beach - 26 miles of paradise. (727) 710-8035 Cyndee's Google Profile

Posted by Cyndee Haydon | Currently No Comments »

Facts: Selling Your South Beach Condo 30% over Market Value

Selling your South Beach Condos | Sand Key – Clearwater Beach FL

Clearwater Beach Florida -  Do you decided to sell your Clearwater Beach condo this year?  Well today I’m going talk specifically to those that want to sell their South Beach condo on Sand Key. We are in a dynamic real estate market and you need that facts and if no one’s giving them to you – we always will!

The good news is:

So it must be a Seller’s Market on Sand Key now right?

And if you want to sell your South Beach condo now you can dance the happy dance and start jacking up your asking price, Right?

IMG 8559 300x225 Facts: Selling Your South Beach Condo 30% over Market Value

Well let me share some of our analysis regarding what’s really happening today with the standard 2 bedroom 2 bath  units – specifically the 1341 and 1404 sq ft models (not direct gulf front ones) I also want to share my recent experience selling a South Beach condo which may is a wake up call for some Clearwater Beach condo buyers and sellers – since some are asking 30% over what’s sold this year. Then get insulted when someone offers 70-80% of their asking price.

We had a buyer here in February who could close in 30 days or less here to purchase one of these a South Beach condos - they were open to any of these similar condos in the South Beach condo buildings  I, II, III or IV – especially since they have seen the major renovations all the South Beach condominiums have done in recent years. They were strong buyers, pre-approved and wanted to make a wise investment but they were in no way the “low ball offer” people we’ve all seen in the past few years. As someone who wants to sell their South Beach condominium – sounds great, right?

What’s Selling? South Beach Condos on Sand Key Clearwater Beach Florida

Well let’s look at the facts – for the last 2 years only 1 to 1.5  South beach condominiums a month are getting sold. This is sounding better and better for the buyer since you’d think this wouldn’t be difficult at all. We saw every unit that was updated and met their criteria (which was about 10 condos) and here’s what we experienced – we had one seller’s agent actually tell us “We dont care if it appraises for that price – that’s why my buyer prefer’s cash” – ok, HELLO!!!  When was the last time you met someone with almost $400,000 in cash that would just overpay because they could – this isn’t 2006 folks!!!  We work with savvy buyers and whoever we’re working with we make sure they have all the facts to make informed decisions based on what’s happening today. We also encourage our  buyers make a list of their top 5 South Beach condos they be interested in buying (normally we’d shoot for 3 but you’ll see why 5 was necessary). Now again, you think it would be easy right – NOT!

Ok so let’s start with the facts…here’s what those that are serious about selling their South Beach Condo this year are missing out on…We are in the end of our “winter season” now and there are still  24 units for sale in the South Beach condominiums and when we look at the last 2 years where typically ONLY one South Beach condominium a month is selling it will take 2 years or more to sell all the condos for sale at this rate:

South Beach Condos that Sold Lower were Short Sales or Bank Owned

Another Myth is South Beach condos that SOLD for a low price are distressed, however, this year none of the sales were short sales or Bank Owned / REOs. It appears they were motivated South Beach seller’s who really wanted to sell (of course some had been on the market 9+ months too). If you want to sell your South Beach condo this year,  you can’t just ignore these numbers. None of these units were in bad shape or  ”original” condition (aka 70′s & 80′s vintage). All varied in their upgrades and views but the cold hard truth is they did sell this year for $296,000, $312,500 and $355,000 respectively and ranged from 92-95% of the price sellers asked for at the time of the sale. The problem is, the ones we liked that were for sale were priced at $399,000 – $425,000 which is 25-30% more than what others have sold for.  So ask yourself – Are you really serious about selling? Our winter season aka “prime Clearwater Beach condo buying season” has one month to go because Easter is early this year  - if you’re trying to sell your condo you have to ask yourself…

>>>  Continued – Get the YTD South Beach Condos SOLD facts  and more

And remember if you are looking to buy or sell  Clearwater Florida homes or condos, Jack and I welcome the opportunity to discuss the market with you and your particular situation. Just give us a call for the most up today information that’s happening in the Beach real estate markets along our 26 miles of beaches.

Clearwater Beach Real Estate

 Facts: Selling Your South Beach Condo 30% over Market Valueclearwater home search now button Facts: Selling Your South Beach Condo 30% over Market Value

We are passionate about being your real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience – helping you buy or sell your Beach condos in Clearwater Beach Florida.

jknge Facts: Selling Your South Beach Condo 30% over Market Value

We’d like to be YOUR Clearwater Beach Real Estate Team!
Call Cyndee @ 727-710-8035 or Jack @ 727-710-8036

Warmly,
Cyndee and Jack Haydon, Realtors
Charles Rutenberg Realty
1545 S. Belcher Rd
Clearwater Florida 33764
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)

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 Facts: Selling Your South Beach Condo 30% over Market Value

About Cyndee Haydon

Cyndee Haydon, Future Home Realty - Realtor | Estate Agent specializing in selling Luxury homes and beach condos from Clearwater Beach to St Pete Beach - 26 miles of paradise. (727) 710-8035 Cyndee's Google Profile

Posted by Cyndee Haydon | Currently 20 Comments »

South Beach Condominiums on Sand Key FL 33767- What’s Selling

South Beach Condominiums of Sand Key Fl – What’s Selling? (Part 2)

Clearwater Beach Florida – If you found this article on What’s Selling at South Beach Condominiums then you  may want to see Part 1 – Selling Your South Beach Condo for 30% over Sand Key Market first. Ok so let’s start with the facts…here’s what some owners that are serious about selling their South Beach Condo “this year” are missing out on…there are currently 22 units for sale in the South Beach condominiums and based on the last 26 months of condos sold and…

ONLY about 1 South Beach condominium a month is selling on average - Do you really want to sell your South Beach Condo Now?

IMG 8612 300x225 South Beach Condominiums on Sand Key FL 33767  Whats Selling

South Beach Condominiums Prices and Impate of  Short Sales – Bank Owned – Foreclosures

This year none of the South Beach Condominiums that SOLD were short sales or Bank Owned / REOs / Foreclosures – so if want to sell your South Beach Condo today you can’t just ignore these numbers even if you think they’re low – which I feel some of them are based on what I’m seeing for sale on the beaches, however, none of these condominiums were in bad shape or in completely original condition. All varied in upgrades and views and the reality is these South Beach Condominiums did sell this year for $296,000, $312,500 and $355,000 respectively and ranged from 92-95% of the price sellers asked for at the time of the sale.

As of March 9th 2012 only 3 condos have sold in South Beach condominiums

(1) 1480 Gulf Blvd Unit 306 Clearwater Beach FL 33767 – Sold for $296,000 – 95%+ of it’s list price in 349 days on 1/13/2012 

So Jack and I know the inventory and realize that Unit 306 which sold for $296,000 was on a lower floor, no hurricane shutters, no underground parking and while the kitchen was opened up the pink laminate kitchen counters and laminate cabinates definitely contributed to it take a year to sell and for the lower end of the price range. Let’s face it – renovations and upgrades all add up and savvy Clearwater beach condo buyers understand this. For example electric hurricane shutters on these large lovely balconies could run your $25,000 alone, I’ve seen under building parking given $10-$20,000 by appraisers, lower floors typically sell for less and we’ve seen custom kitchens this month their that were over $50,000 originally so again in my experience that was a good price for that seller and a fair price for that buyer.

(2) 1480 Gulf Blvd Unit 709 Clearwater Beach FL 33767 – Sold for $312,500 – 92% of list price in 50 days on 1/6/2012

This unit had a kitchen that was updated but not opened up however they made a smart move and installed new granite countertops in December and then went under contract in January – sometimes investing a little in your property can make yours be the one sold when there are 29 other choices right now. So the granite was a big plus however not having a kitchen opened up, which is a strong preference of today’s buyers I think is reflected in the sold price. Ironically doing this costs less than you might think to do – we recently had a client that opened up kitchen, refaced cabinets, installed new lighting, crown molding, granite counter tops, new granite / wood fixtures in 2 both bathrooms, new lighting thoughout and removed the popcorn ceiling for @$13,000 working with a contractor we recommended to our client. Of course we all know you can spend an unlimited about too if you’re not careful. This unit while on a higher floor overlooks the parking structures and is on the north side of the building which are usually not buyer’s first choices. Still these seller’s priced their unit to sell this season.

(3) 1430 Gulf Blvd Unit 611 Clearwater Beach FL 33767 – Sold for $355,000 – 95% of list price in 302 days on 2/10/2012

This is definitely the best comparable South Beach condo sale for sellers right now. This unit was updated but very basically – meaning they opened up the kitchen however it was done with laminate counters and cabinets however the nice clean lines definitely added to the appeal. Also overall the unit was at a good height on the six floor and had underground parking.  This is also the smaller of the 2 floor plans at 1341 square feet so a case could be made that the 1404 units updated could have a market value of say $365-$375K depending on condition in my opinion however as we all know, appraiser’s have their own math and it’s an art not a science – especially in today’s market.

Thoughts on Selling your South Beach Condo:

The problem is, the South Beach Condos for sale that we saw were priced at $399,000 – $425,000 based on recent solds. Now past sales are only one part, actives can factor in and the 22 units for sale is deceiving because I would say that 25% of those are significantly more upgraded than the other 75% so we may see some sell for more than the $355,000 high water mark as of now. There are now 2 units under contract – one was asking $369,000 and one was asking $399,000 – so time will tell what that does to the comparable sales.  Still if you are you really serious about selling now during our winter season aka “prime beach buying season”with  one month to go then you’ve got to be asking yourself how do I get mine sold out of the 22 South Beach condominiums for sale ? Our advice is better to price in a range that buyers can visualize and stand firmer on the price than to price it  up 30+% over what things have sold for in the last 90 days to 6 months.

 So if you are a South Beach Condominium owner and have a South Beach condo you want to sell read > Part 3 Why 4 South Beach Condos for Sale did NOT Sell this Month!

Clearwater Beach Real Estate

 South Beach Condominiums on Sand Key FL 33767  Whats Sellingclearwater home search now button South Beach Condominiums on Sand Key FL 33767  Whats Selling

We know the market and educate our buyers and sellers so they can make good decisions. We are passionate about being your real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience – helping you buy or sell your Beach condos in Clearwater Beach to St Pete Beach.

jknge South Beach Condominiums on Sand Key FL 33767  Whats Selling

We’d like to be YOUR Clearwater Beach Real Estate Team!
Call Cyndee @ 727-710-8035 or Jack @ 727-710-8036

Warmly,
Cyndee and Jack Haydon, Realtors
Charles Rutenberg Realty
1545 S. Belcher Rd
Clearwater Florida 33764
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)

We're sorry, but it seems that we're having some problems loading MLS data from our database. Please check back soon.

 South Beach Condominiums on Sand Key FL 33767  Whats Selling

About Cyndee Haydon

Cyndee Haydon, Future Home Realty - Realtor | Estate Agent specializing in selling Luxury homes and beach condos from Clearwater Beach to St Pete Beach - 26 miles of paradise. (727) 710-8035 Cyndee's Google Profile

Posted by Cyndee Haydon | Currently 5 Comments »

Short Sales in Clearwater Beach FL – What is a Short Sale

Short Sales In Clearwater Beach FL Help

Clearwater Beach Florida – We meet so many people who need more information on What is a short sale? How do I qualify for a short Sale? Who will pay the Realtor(R) commission for  Clearwater Beach Short Sales?

Today wanted to share a video telling you a little more about Jack and I, your Clearwater Beach short sale agents and our efforts to educate and empower people who may find themselves looking to do a Clearwater Beach Short Sale.

If you have questions about selling your beach condo or waterfront home we would be happy to answer your questions and let you know how we can best help you as well as other resources out there to help you through the short sale process.

We moved on the beaches in 1991 and we saw average prices on Clearwater Beach condos rise to over $700,00 to todays average price which is around $350,000. If you missed it, this week we shared the latest Clearwater Beach Real Estate Trends for condos in our real estate market update . We also showed the dramatic drop in inventory (which is great news for sellers)  and prices are inching up (more great news condo and home sellers). Even with all these Clearwater beach real estate market trends favoring sellers – here’s no way for those sellers to make up the 50% drop in Clearwater Beach property values that’s occurred for those who bought around the 2007 spike. Many good people have been caught in this real estate market correction which is why understanding your options, not sticking your head in the sand is important when you need to sell Clearwater Beach condos or waterfront homes.

help button postage stamp Short Sales in Clearwater Beach FL   What is a Short SaleIf you are someone who has short sale questions, someone who wants to avoid foreclosure, want to do a loan modification and need help Right Now then I suggest you pick up the phone and call Jack Haydon directly at 727-422-8901 right now.

He can help you and answer your questions or put you in contact with the other members on our team. A Certified Public Accountant, an Attorney experienced in Short Sales and more. You can be comfortable knowing there is never any pressure from us, just helpful information to educate and empower you in this process.Cyndee & Jack Haydon,  Clearwater Beach Realtors with Charles Rutenberg Realty.

Disclaimer: The content provided is for informational purposes only. We can not give legal or tax advice. It is highly recommended that you consult with an attorney and tax accountant regarding the specifics of your situation to determine the best solution for you.

Also helping home owners with Belleair Beach Short Sales | Indian Rocks Beach Short Sales | Indian Shores Short Sales | Redington Short Sales | Madeira Beach Short Sales | Treasure Island Short Sales | St Pete Beach Short Sales

 

 

 Short Sales in Clearwater Beach FL   What is a Short Sale

About Cyndee Haydon

Cyndee Haydon, Future Home Realty - Realtor | Estate Agent specializing in selling Luxury homes and beach condos from Clearwater Beach to St Pete Beach - 26 miles of paradise. (727) 710-8035 Cyndee's Google Profile

Posted by Cyndee Haydon | Currently 3 Comments »

Clearwater FL Homes for Sale | Improvements that Increase Clearwater Homes Value

Clearwater Fl Homes for Sale find Improvements Can Increase Homes Value

Clearwater Floridahome improvement projects Clearwater FL Homes for Sale | Improvements that Increase Clearwater Homes ValueIf you are looking at Clearwater Fl homes for sale, just know that  not all home improvements are created equal. Especially if you’re looking for “resale value” back from your improvements.

A recent from the Wall Street Journal lays it out cleanly. Function beats flash these days so be wary of where you spend.

A national report found environmental upgrades such as home insulation and energy-efficient steel entry doors are recovering a much greater percentage of their cost these days than major remodels including kitchens or bathrooms. This is especially true for homes that are already “over-improved” relative to the neighborhood.

Tip: Upgrading the biggest and best homes on the block can be a losing proposition when if comes to resale so if you upgrade your home do it to enjoy it while you’re in it not to get a financial benefit in the short run. 

The article’s findings include data from groups such as the National Association of Home Builders, Remodeling Magazine, and Consumer Reports. It lists the following home improvements among its top “paybacks”:

Energy-efficiency projects also recoup costs monthly in the form of lower heating and cooling bills. Locally we are also seeing things like new windows and roofs being important because of the impact they have on our insurance bills and the fact that those improvements come with significant insurance rate credits – some people see 20%+ drops – that’s real dollars for 5 years.

Remodeling Magazine says a larger number of homeowners will remodel their homes in 2010 with less emphasis on upgrading kitchens and bathrooms, and more emphasis on adding new rooms. From an appraisal perspective, this is a terrific way to increase yourClearwater  home’s value — especially if your home’s bed/bath count lags your neighbors.

Before starting a Clearwater home improvement project, regardless of whether your goal is increase resale value, talk with a Clearwater Fl real estate agent about other homes in the area and how they’re built and what home buyers are looking for. At worst, you’ll gather some ideas you can work into your plan. At best, you’ll keep yourself from over-improving  – which many home sellers are suffering from during this post real estate boom time.

Clearwater FL Homes for Sale

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Got questions, just give us, your local Clearwater FL Realtors a call or talk to your loan officer about your pre-qualification/pre-approval letter before you bid on a Clearwater FL home.

clearwater home search now button Clearwater FL Homes for Sale | Improvements that Increase Clearwater Homes Value

So if you’re looking for Clearwater FL Realtors we’d like you to know that we are passionate about being your Clearwater Florida real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience - helping you find the perfect Clearwater FL homes for sale.

jknge Clearwater FL Homes for Sale | Improvements that Increase Clearwater Homes Value

We’d like to be YOUR Clearwater FL Real Estate Team!

Call Cyndee @ 727.710.8035 or Jack @ 727710.8036 

Warmly,
Cyndee and Jack Haydon
Charles Rutenberg Realty

Clearwater FL Real Estate Office
1545 S. Belcher Rd
Clearwater Florida 33764 
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)

 Clearwater FL Homes for Sale | Improvements that Increase Clearwater Homes Value

About Cyndee Haydon

Cyndee Haydon, Future Home Realty - Realtor | Estate Agent specializing in selling Luxury homes and beach condos from Clearwater Beach to St Pete Beach - 26 miles of paradise. (727) 710-8035 Cyndee's Google Profile

Posted by Cyndee Haydon | Currently 2 Comments »

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