April 17th, 2014
There is no doubt that owning a home on the Gulf Coast can come at steep price when the subject of your electric bill is at hand, especially in the typically warm summer months and our most previous chart topping cold winter.
In general, the Sunshine State has one of the highest rates of home electricity consumption, due in no small part to our need for air conditioning. What does this mean for your Emerald Coast investment property? Well, depending on your location, more specifically your proximity to trees and buildings, solar energy can be an excellent resource harnessed towards an overall lower electric bill.
Solar energy may be a thought worth exploring when it comes to investing in your Northwest Florida home. There are three popular types of systems that can be used to benefit a homeowner. The first is the Photovoltaic (PV) which essentially generates electricity. The second is a solar hot water heating system which utilizes the sun’s rays to heat house water. Finally, there are solar heating systems specific to swimming pools to help you save a little money and swim year round.
Of course questions of aesthetics and initial costs can be off-putting, but keep in mind that on the Federal level, homeowners can get a Residential Income Tax Credit of 30% of the total cost of an installed system.
Just remember a little preplanning can go a long way in figuring out what works best for your rental property.
April 15th, 2014
If tax season has been brutal, prepare to pack your bags and get away from it all! Or, if your real estate investments paid off this rax season, get ready to celebrate in style. Our friends at Southern Vacation Rentals are giving 35% off their vacation rentals today only!
Yes, you read that correctly, Southern is offering 35% off remaining vacation condos and beach homes this Easter weekend. Book today to cash in on this amazing offer to take in Easter weekend events, experience a new area or even stay near some Emerald Coast real estate you are considering. No matter what your motivation this is a sale you don’t want to miss!
The 35% off sale will end online at midnight tonight and can be booked using code TAXDAY. If you could use a little help figuring out the perfect vacation rental for you call our Vacation Planners. They will be more than happy to help you choose the perfect spot for you to enjoy a spectacular Easter weekend getaway!
April 14th, 2014
RE/MAX Southern Realty recently acquired new real estate in Fort Walton Beach. Located at 125 Tooke Street, there are 5 new condos now for sale in the area.
Centrally located in the heart of Fort Walton Beach, these two-story condos off of Memorial Parkway have the potential to act well as a first home or even a Northwest Florida rental property.
From the curb you will see that these well-kept homes feature a combination of brick and vinyl siding and a single car garage, with plenty of driveway space for multiple vehicles. Inside, the condos boast 9 ½ foot ceiling and beautiful crown molding that helps to create an overall welcoming space. A mixture of flooring styles include tile in the main living areas and carpet in the bedrooms for extra comfort. When you are not outside on your private patio and looking out over your backyard, spend your time in your gorgeous kitchen that features granite countertops and built-in appliances, including a microwave, electric stove, oven and dishwasher. Couple that with association-managed lawn care and the pieces of a rental property begin to come together.
For more information on these Fort Walton Beach condos for sale, contact Kerry Veach today at 850-837-1880.
April 12th, 2014
If you have been following trends in Florida real estate, then you have noticed that mortgage rates have crept up in these past few weeks. Put aside the negative thoughts of “higher rates make home ownership more expensive” or that they have the potential to damage the housing recovery, and start focusing on the silver linings. Yes, there are silver linings to rising mortgage rates.
First, rising rates are often a sign of a national economic recovery. Consumer confidence is rebounding and so is their ability to pay higher interest rates on their Northwest Florida home. Additionally, these rates have the potential to spark competition once again which could result in relaxed lending standards and less refinancing.
Let us also keep in mind that interest rates are still at historic lows. The higher rates coupled with rising prices could just be considered incentive for you to “get off the fence” and finally purchase real estate on the Emerald Coast before prices rise any higher.
For more local market trend information, check out the other RE/MAX Southern Broker’s Northwest Florida real estate blog.
April 8th, 2014
If you are considering buying real estate on the Gulf Coast this weekend is a fabulous time to plan a short trip to the beach and stay, play and shop what the area has to offer. Not only is it a great time to invest, but thanks to our friends at Southern Vacation Rentals, it is also affordable and fun!
Spring is a hot time for events along the coast and this weekend marks one of the biggest. Not only are there fun 5K and 10K runs taking place in Panama City Beach, but also the Cobia Tournaments in Destin and even the Sandestin Wine Festival on Scenic 30A. If you are considering buying a family home or an investment property in any of these areas now is a great time to book a trip and see what each of these communities have to offer you and your family.
Come discover why people love to vacation here and why owning a rental property here is a wise investment. Reserve your real estate stay with Southern Vacation Rentals in a Destin vacation rental or Scenic 30A condo for this coming weekend and receive your 3rd night free in celebration of the Sandestin Wine Festival. Be sure to pick up tickets and don’t miss that great event, as well.
April 7th, 2014
If you are searching for that perfect Destin home for sale, look no further. This property conveniently located in the Indian Lake community is a must see.
An open and inviting atmosphere radiates throughout this three bedroom, two bathroom home from the moment you enter the front door. High ceilings with beautiful crown modeling details in the living room slowly transition into trayed ceilings in the dining room and master bedroom. The open floor plan continues into the kitchen which features an additional breakfast nook and enclosed pantry.
4051 Drifting Sand Trail offers a unique, split bedroom plan, with the master bedroom on one side of this 1968 square foot home and the two additional rooms at the opposite end, for additional privacy. Found near the master bedroom is the expansive master suite outfitted with a dual vanity, garden tub, separate shower and spacious walk-in closet.
The spacious sunroom overlooks the enclosed, in ground pool, perfect for soaking up that natural Florida sunshine. The fenced backyard even allows for additional privacy and tranquility.
This Destin home in Indian Lake is now listed at $335,000.
April 5th, 2014
If you have been paying attention to the state of the US Housing recovery, then you already know the real estate big picture. According to Zillow, “Buyers can expect less competition, and sellers [will] reap the rewards of a market tilted towards them.”
With a blossoming market, the question posed becomes, “Should I sell my Northwest Florida home?” If you are on the fence, there are some things you should consider that may affect your decision.
First, have you outgrown your current home? If you are in a home that is too small for your current and future needs, it may be time to consider taking the plunge into some more square footage. Now is the time to take advantage of interest rates before they begin to rise. The same goes for those empty-nesters. Downsizing could have its perks, for instance less cost and less maintenance. Interest rates only going up, all the more reason to sell now and buy now. You want to take advantage of low rates for the long hall.
Ultimately, it all boils down to necessity. Sell your home when you need. Buy a home when you want, and when you can afford one.
Whether you think it is time to sell your Emerald Coast home, or buy one, contact one of our RE/MAX Southern agents to help move the process along.
April 1st, 2014
Enjoy a wonderful spring day with friends and family as you celebrate Easter on the Emerald Coast! Many events will be taking place near your home in Destin or real estate purchase in Fort Walton Beach.
Our favorite annual Easter celebrations will be taking place along the Destin Harbor. Make your way to the docks to meet the big bunny himself! Enjoy brunch with the bunny in the Harborview Room. Or, simply make your way down to the event stage to meet him and get your picture taken.
While you are enjoying an afternoon under the spring sunshine, find a place to sit and have a cool beverage as the fleet comes to port with the days catch. The annual Destin Cobia Tournament will be taking place and the weigh-ins at the HarborWalk Marina are always exciting to watch!
If you own real estate in South Walton or Crestview, don’t fret. There are wonderful celebrations taking place there, as well. Spend Easter Sunday egg hunting in Rosemary Beach or celebrate at the annual Seaside event. If you live in Crestivew head to Spanish Trail Park for the annual city celebration. No matter where you celebrate we hope you enjoy a “hoppy” Easter.
March 31st, 2014
Welcome to paradise. This Panama City Beach condo is located in the Beachwalk community, just steps away from one of Trip Advisor’s “Best Beaches.” A short walk down the dedicated walkway and you will find yourself in the sugar white sands of the Emerald Coast.
Spanning 1208 square feet, 17751 Panama City Beach Parkway would make for a great rental investment property or even primary residence. Offering two bedrooms and two bathrooms, this townhome style condo features some undeniably charming characteristics.
On the first floor you will find a spacious living and dining room, in addition to a newly remodeled kitchen and lovely patio, perfect for entertaining. The stunning kitchen now includes granite countertops, new cabinets and appliances and a copper sink. Located upstairs are the two bedrooms, full bath and a conveniently placed laundry room. While you will love being just 1500ft from the beach, we just know you will spend your evenings watching the sunset from the second floor master balcony.
Centrally located just west off of Highway 79, this relaxing and family friendly resort is just two miles away from the area’s finest dining and attractions, including Pier Park. The resort itself is strategically designed for an easy going lifestyle. Unwind from a hard day’s work by the community pool or take it out on a friendly game of tennis.
For images and more information, you can view MLS #700705.
March 29th, 2014
On a monthly basis, RE/MAX researches roughly 52 different metropolitan markets to get a pulse on the US Housing Market. The February numbers are in and aside from home sales being down approximately 9%, it indicated that prices are rising, days on the market are shortening and inventory is falling. The question becomes, where does the Florida housing market stand in these totals?
According to the latest housing data released by Florida Realtors®, February’s market reported similar totals to the national study, including higher median prices and fewer days on the market. However, the Florida housing market offers a stable level of inventory and more new listings. Statewide, Florida new listings for single-family homes rose 11.6%, while townhomes and condominiums rose 4.2%. Additionally, compared to last February, inventory is up 3.7% for townhomes and condos and a whopping 13.3% for traditional single-family homes.
What does this boil down to? The return of more traditional housing market conditions and the signs of a normal, growing market with the potential to spark seller’s interests.
For more information about your local real estate market and what these trends mean for you, contact Kerry Veach at 850-837-1880.