FORECLOSURES IN THE PANHANDLE OF FLORIDA THIS WEEK
Altough I cannot officially put the links of the foreclosures in this post because someone got mad I was advertising their listings without their permission, I can give you the raw numbers and then you can email me for the lists. My email is Kelly@KellyKleinSoldMine.com I will place you on my distribution list of buyers who have an interest in this type of purchase.
This reminds me of an old saying, "Just Give me the Facts" Well, here they are.
EMERALD COAST ASSOCIATION OF REALTORS (ECAR)
Sales are up in our area with 98 homes closing just last week alone. Average price per square foot was $136.28
8 Condos closed last week. Average price per square foot was $332.32
6 Townhomes closed last week. Average price per square foot was $111.20
11 Lots sold last week. Average price $96,557
CONDOS
Condo loans are still available, but a condo buyer today needs at least 25-30% down in cash and good credit score in order to qualify for a loan. I have a list of bankers in the area who are still loaning on this product. A lot of the more recent condo purchases have been to cash buyers who seem to have flooded the market again and picking up these foreclosures.
There are 48 condos in Foreclosure today from the Pensacola to Bay County line.
15 of these condos are Waterfront (Gulf of Mexico) condos for sale.
HOMES
110 Foreclosed homes in our market today. Homes if Primary Homes are easy to finance. FHA requires only 3.5% down. VA and some other loans like 203K loans have 100% financing. Conventional loans will require 20% down to avoid the PMI. Again, mortgage lenders are looking for strong buyers with cash down and good credit scores.
LOTS
123 lots are in foreclosure. Lot loans are very difficult to obtain. One buyer of mine recently bought a foreclose lot that was in Foreclosure by Regions Mortgage and was able to obtain 3.5% financing on it. That was incredible and those are the ones to be looking for. The lowest priced lot this week in the list $11,500 in Navarre, FL. Email me for the list. Kelly@KellyKleinSoldMine.com
TOWNHOMES
14 Townhomes are in the list this week. Townhomes are secured by home mortgage loans and follow the same guidelines for purchase. First time home buyers benefit with a $8,000 tax credit. The State of Florida is currently reviewing this and trying to make this a part of down payment assistance rather than a tax credit.
BAY COUNTY ASSOCIATION OF REALTOR LISTINGS (BCAR)
HOMES
63 homes are in foreclosure in Panama City Beach, FL today.
CONDOS
15 condos are in foreclosure in Panama City Beach, FL today. Of these 15, 8 are Gulf Front.
TOWNHOMES
8 Townhomes are in foreclosure in Panama City Beach, FL today.
LOTS
There are 49 lots in foreclosure today in Panama City Beach, FL. The least expensive lot is $31,900 in Hidden Lagoon.
Call Kelly Klein, Destin Real Estate Agent for Red Hot Realty, to list and sell your home or condo or help you buy a home or rental property on the Emerald Coast of Florida in Walton, Okaloosa and Bay Counties- Blue Mountain Beach, Bluewater Bay, Destin, Eglin AFB, Grayton Beach, Hurlburt Field, Highway 30A, Niceville, Panama City Beach, Rosemary Beach, Santa Rosa Beach, Seacrest Beach, Seagrove Beach, Seaside, Watercolor. Kelly is a buyer's representative and foreclosure specialist and can help you buy a foreclosed property in and around Destin and Panama City Beach, Florida. 850-420-2480. Http://www.kellykleinsoldmine.com
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