Destin and the surrounding area of the Florida Panhandle are a great place to BUY Real Estate Now! Prices are beginning to rise but rates continue to be historically low. The Panhandle of Florida, also known as the Emerald Coast, is one of the most desirable vacation and second home destinations in the USA. Many are moving to our area for a better way of life. Whether a first time buyer of real estate or an experienced real estate investor, you will find relevant real estate information here on this site. Look for information in order to select the "just right" property, making the offer, negotiating, financing and all the details involved in making an informed real estate decision in the current real estate market.
There are many communities along the Emerald Coast. Some of these names are Destin, Miramar Beach, Sandestin, Santa Rosa Beach, the Beaches of South Walton, Blue Mountain Beach, Seaside, Seagrove Beach, Grayton Beach, Rosemary Beach, Dune Allen, or Freeport. You can search for the latest properties for sale in these & many other beach areas.
If your currently own property and are considering listing it For Sale, this is the site for you.
Here you can research preparing your property for sale, selecting the right agent, pricing it right, marketing it effectively, and receiving timely market information.
June 15th, 2016
Wood or Wood LikeFlooring - Difference ?
Traditionally, hardwood floors added warmth and natural beauty to the home. These days, hardwood competes with copycat laminates and engineered wood floors, which can cost less. Here are the differences between wood and wood-like flooring.
Hardwood – Hardwood flooring is made of solid, natural wood. Costing between $6 and $15 per square foot, it is typically made with a tongue and groove system for easy installation. It is simple to sand and refinish, but is easier to damage and requires a healthy amount of maintenance to keep it looking great.
Laminates – The core of laminate flooring is made of high density fiber (HDF), as opposed to actual slabs of wood. The top layer is a photographic layer that mimics the look of hardwood. It won’t fool a discriminating eye, but at about half the cost of hardwood flooring, it will take more abuse, is easy to clean, and is installed using a tongue and groove locking system you can install or uninstall with ease.
Engineered Hardwood – A hybrid more expensive than laminate and costing about as much as hardwood, engineered hardwood has a core of plywood or HDF and a top layer composed of a hardwood veneer glued onto the core. It has the more natural characteristics of wood, but it handles heat and moisture better because of the core material. It may be refinished, but generally only once.
Despite their differences, all three types of flooring may be cleaned the same way, Maker adds. They should be swept or dust-mopped regularly, and cleaned with a drop of dish liquid and a capful of white vinegar mixed into a bucket of warm water.
June 12th, 2016
An Increase in Home Purchasing Sentiment Rockets to New High
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 1.6 points to 85.3 in May, reaching a new all-time survey high and rebounding from an 18-month low in March. Three of the six HPSI components increased in May, led by a 7 percentage point increase on net in the share of consumers reporting that their income was significantly higher than it was 12 months ago. In addition, the net share of consumers who expect that home prices will go up over the next 12 months rose 5 percentage points, followed by a 3 percentage point increase in the net share of consumers who expect mortgage interest rates to go down over the next 12 months. Changes in the HPSI Good Time to Buy, Good Time to Sell, and job security components were minimal in May.
June 10th, 2016
Summer May be the Hottest (Pun Intended) Season to Buy or Sell a Home
While spring is traditionally the busiest time for real estate sales, this summer could prove to be the hottest time for buying or selling a home,
U.S. new home sales posted their strongest month in more than eight years in April, while existing home sales rose for the second straight month, spurred by steady job growth and historically low interest rates. The strong demand for housing doesn't appear to be slowing anytime soon.
Sellers should make themselves and their home available to be shown by real estate agents and make sure it’s as pristine as possible. Make necessary improvements such as new paint, fixtures and flooring.
Real Estate: Nothing is Normal About This New Normal
With 300,000 new residents expected in 2016, Florida is Florida again, and the real estate market is roaring back.
Florida to Pass 100 Million Visitor Mark in 2015
After four record-setting years, Florida tourism is poised for yet another. “We’re at the top of the game,” Visit Florida president and CEO Will Seccombe told several hundred business leaders at a monthly meeting of the Greater Miami Chamber of Commerce.
Vacation-Home Market Booming
The industry is booming as well-to-do people take advantage of gains in their stock-market portfolios, vacation-home experts said at the National Association of Real Estate Editors spring conference. Numbers compiled by HomeAway, an online marketplace that links vacation-home owners with would-be renters, tell part of the story. Vacation home sales were up 57 percent in 2014 from 2013, surging to their highest level since 2003, according to survey results.
Vacation homes, as some call 'America's hidden treasure,' because the industry has provided millions of jobs in property management and maintenance. Most vacation home rentals are handled by management companies to reduce the hassle for owner-investors. And they are not all rich. The median income of a vacation-home buyer in 2014 was $87,000, according to the panelists.
1.5 Million Homeowners Could Re-Enter Housing Market in Next 3 Years
According to a new study, more than 1.5 million homebuyers negatively impacted by the financial crisis could potentially re-enter the mortgage market in the next three years. study found that approximately 700,000 boomerang buyers might be able to re-enter the housing market in 2015. Over the next five years it is anticipated that 2.2 million boomerang buyers could re-enter the market.
First-Time Home Buyers Snapping Up Homes
U.S. home resales surged to a 5-1/2-year high in early 2015 as first-time buyers stepped into the market. The National Association of Realtors said existing home sales increased 5.1 percent, the highest level since November 2009. First-time buyers accounted for 32 percent of transactions. The strengthening economic outlook likely keeps the Federal Reserve on course to raise interest rates later this year. Existing home sales increased to an annual rate of 5.35 million units, the highest level since November 2009. That put sales this year on track for their strongest gain since 2007.
2015 Home Design Trend Predictions
1. Deeper, Darker Colors
2. Comfortable, Cozy Sectionals
4. Open Floor Plan
5. Mid-Century Modern Elements
6. Gold Accents
Millenials Seek Smaller Homes, but Will Not Sacrifice Details
They will enter the home buying market in larger numbers. As they do homes will get a little smaller, laundry rooms will be essential, and home technology will become increasingly prevalent.
Of the Top 10 features mentioned by home builders, 4 have to do with energy efficiency: Low-E windows, Energy Star-rated appliances, windows, and programmable thermostats. The top features are: a master bedroom walk-in closet and a separate laundry room.
They are very comfortable with their smartphones and tablets and seek ways to control their heating, air-conditioning, security, and lighting as well as televisions and sound systems from their phones.
Interesting Facts About Florida
1,000 People move to Florida every day
19 Major Commercial Airports
12 International Airports
14 Deepwater Ports
1,800 Miles of Coastline
1,250 Golf Courses (Florida has more golf courses than any other state)
1,200 Miles of Sand Beaches
370,000 Hotel Rooms in Florida
If Florida were an independent country, its economy would be one of the twenty largest in the world. The state's gross domestic product of $737 billion would place it closest to the Netherlands, the 16th largest economy in the world with GDP of $796 billion.