I love the new show Undercover Boss, where the CEO of a major corporation goes under cover in his operation to see how it really works.  I have a great idea for the show that I would love to see!!!!

Bank of America CEO, Brian Moynihan and Chase CEO Jamie Dimon go under cover in their loss mitigation departments and work the phones for a few weeks answering calls from real estate agents.  They can listen to the agents who are working hard to get these short sales done and field all of the questions and complaints about why they are so inept at handling these.

Who is with me?  What would your dream show of Undercover Boss be and  who would be in it?

1314, 1316, 1318, 1320 Minnesota Ave  4 to be built
Lynn Haven, FL 32444

3 bedrooms
2 baths
1458 square feet
Townhome

$157,500
THESE HOMES ARE ELIGIBLE FOR THE FLORIDA HOP AND SHIPP PROGRAMS, qualified buyers can get down payment assistance up to $20,000.

These pictures are of the neighboring homes from the same builder, these will be very similar.

Ballyhoo Builders is ready to build these Energy Star quality town homes featuring hardiplank siding and quality wood cabinets. Buyers can select their own wall colors, laminate countertop colors, and flooring from a choice of wood, carpet, or tile. Wooded home sites are in a very popular neighborhood in Lynn Haven with all the city has to offer for recreation and quality education. This home also qualifies for the HOP program and SHIPP program for financing - ask your lender for details. Remember also there has been an extension to qualify for a first time home buyer credit. Builder offers a one year builder's warranty. Please call for more information today!

To see all Panama City and Lynn Haven Listings, go to www.KnowPayneKnowGain.com

Prices in Panama City Beach are back down below 2004 pricing!  2004 was the start of the sellers market here in Panama City.   Savvy buyers are watching this trend and are buying homes!  Sales are up from 2009, see Panama City Market Conditions for an overview of the number of sales in the single family home market.

Take a look at the chart below, it goes back to 2002 and reflects average listing prices in the blue bar and average sales price in the red bar for each year.  As you can see, prices have come back down to under 2004 values.

What are you waiting for? Interest rates are LOW LOW LOW, the government is giving away money to first time and move-up home buyers, and homes are priced below the "bubble" prices!

The Panama City Real Estate market is starting to heat up, the 4th quarter of 2009 was much better than the 4th quarter of 2007 and 2008.  Take a look at the chart below, 2009 sales is represented with the purple bar and 2008 is represented with the green bar.

What does this mean for you?  If you are a buyer, the bottom may be here.  How do we know when the bottom hits?  When prices start to go back up and when the inventory starts to go down.

If you are thinking of buying, keep in mind that this graph shows that others are also thinking of buying or are buying. 

If you are thinking of selling, keep in mind that buyers are buying, more sales are occurring, now could be the time to get your home on the market!

Have you been thinking of selling your Panama City or Panama City Beach home?  Don't know where to start?  Interested in an honest opinion of the value of your home?  The Payne Group at Keller Williams Success Realty can help.  We sold over $20,000,000 in real estate in 2009 with a solid plan and great systems in place.  Don't leave your sale to chance, contact us today.

www.KnowPayneKnowGain.com

For a quick, free, no obligation analysis of your homes approximate value go to www.PanamaCityHomeValues.com . We will only contact you by email with a report and will not call you unless you ask us to. Simple and easy with no obligation!

We also have a monthly Panama City Market Snapshot that is delivered every month to your inbox.

Upside down in your mortgage, WE KNOW SHORT SALES!

Check us out and see why we are the Panama City Market leader with over $20,000,000 sold in 2009!

13616 Woodcrest Blvd, Panama City, FL
1661 Square Feet
3 bedrooms
2 baths
Formal dining room
1 ACRE
RV Parking
Outdoor kitchen area

$229,000
100% USDA Rural Housing Financing Available

Attention home buyers, if you are looking for space and privacy in a rural setting, yet close to town, 13616 Woodcrest Blvd is the home for you. This 3 bedroom, 2 bath home sits on once acre that has been mostly cleared. The lot is 101 feet wide by 441 feet deep, plenty of space for your outdoor activities! The interior of the home has many details and upgrades. The master bedroom has a sitting area and attached to the master is the master bathroom with double vanities in a full bath with a walk in shower. The two other bedrooms are larger than most bedrooms and share a common bathroom. Awood burning fireplace is the focal point of the living room, just off of the living room is a formal dining room. The eat in kitchen has plenty of extra cabinet and counter top space and comes with all of the appliances (with a full price offer). For storage there is a 2 car, side entrance garage. The exterior is all brick for ease of maintenance as well as gutters around the entire home. As a bonus, there is a large workshop with a porch with running water that can be used as an outdoor cooking area. For additional parking, the owners added a concrete pad with electric for an RV. For the buyers convenience, the water softener will convey with the home, a $2100.00 value. If you are looking for a great home in the country but close to town, call your Realtor NOW for an appointment.

To view more pictures of this home or to see all listings available in Panama City... www.KnowPayneKnowGain.com

6905 Thomas Dr Unit 210
Panama City Beach, FL
$170,000

1 bedroom, 2 baths
GULF FRONT

Short sale opportunity on one of the nicest Pelican Walk condos. The views from the balcony are breathtaking, sit back and enjoy everything that comes with living on the Worlds Most Beautiful Beaches of Panama City Beach. This one bedroom, 2 bath unit has tile throughout the entire condo and has been painted with a beachy feel. Fully furnished so you are open for a rental business, second home or even a primary residence. Pelican Walk is clean and full of amenities: 2 pools, tennis courts, racketball, spa, sauna and of course the most amazing white sand beaches. Bring your offer today, this one is a great buy! Don't be afraid of the short sale process, be patient because patience equals an incredible deal!!

To view more details go to www.KnowPayneKnowGain.com or give us a call at 850-392-1770

Whether you are looking to buy or sell in Panama City and the Beaches?  The Payne Group has a plan for you.  We have an experienced team to handle all of your needs.

Introducing The Payne Group at Keller Williams Success Realty

Jeff Payne, Listing Specialist
Melonie Payne, Closing co-ordinator
Lynn Boyd, Buyer Specialist
Brook Simmons, Buyer Specialist
Jennifer Ethridge, Marketing Director

We sold $21,000,000 in 2009 and have the experience to sell your property.

We have:
Great priced listings
Foreclosures and bank owned properties
We also successfully negotiate short sales with all of the lenders with a high success rate

Need to sell?  Want to know what your property is worth?  www.PanamaCityHomeValues.com

Want to see all listings, all the time?  www.KnowPayneKnowGain.com

Upside down on your mortgage, facing foreclosure?  www.ShortSalesinPanamaCity.com

Visit our website or call us today at 850-392-1770

203 Moonlight Bay Dr
Panama City Beach, FL

Colony Club subdivision
3 Bedrooms
2 baths
2021 Square Feet
Inground Pool with Screened Enclosure

$243,000

For detailed photos on this home or any home in Panama City Beach, FL  go to www.KnowPayneKnowGain.com

Have you completed yoour 2010 business plan?  Have you started implementing your plan?

Here is a quick breakdown if you need a business plan

How much do you plan to earn?  GCI?
How much of your GCI will come from sellers (listings)?
How many sellers do you need to sell?
How many buyers do you need to buy from you?
How much of your GCI will come from buyers?
What is your average commission?
How many of the listing that you will take will sell?
How many buyers that you work with will buy?
What is your listing appointment conversions rate?
What is your buyer appointment conversion rate?

Let's do a business plan based on these assumptions: Yours can and will be much different if you know your conversion rates.
$200,000 CGI (before any broker splits since everyone could be different)
50% from sellers  $100,000
50% from buyers $100,000
Average commission $5000 per side before any broker splits
65% of your listings will sell (assume you only take sellable listings)
80% of your buyers will buy (assume that you only work with ready, willing and able buyers and you are not a chauffer)
50% listing appointment conversion rate (only taking sellable listings, remember)
50% buyer appointment conversion (ready, willing and able buyers, not tourists looking for tour guides)

You would need to sell:
$200,000 GCI/$5000 avg commission = 40 sales
20 Listings
65% will sell, you need 31 listings taken
50% of the listing appointments you go on you turn down, you need to go on 62 listing appointments

20 Buyers
80% of the ready willing and able buyers will buy, you need to work with 25 buyers
50% of the appointments you go on will not qualify or you won't work with, you need 50 buyers appts

Each month:
5 listing appointments
3 listings taken
2 listings sold
4 buyer appointments
2 buyers sold

You need to get 4 buyer appointments and 5 listing appointments, basically 2 appointments per week!

I would love to see other plans or see how others plan, everyone's plan is going to be different, each person has their own numbers and conversions.

Anyone else use the Millionaire Real Estate Agent Business Plan?