Friday, February 19, 2010

916 Don Bishop Rd., Santa Rosa Beach Florida - Home for Sale


You've found your playground in paradise in Santa Rosa Beach Florida at this great property at 916 Don Bishop Road!
Contemporary, unique home on one acre lot! Your eyes will light up when you see the setting- on a lovely lake. Splash around in your inground pool. Sit out on cool nights in the huge screened porch or the finished Florida room. The private guest house with its own screened porch and bathroom is a fun retreat for family or teens or you! The owner, a builder, has done wonderful remodeling.
This Santa Rosa Beach home is set behind a black wrought-iron fence away from the road. The kitchen has granite counters. The living room is cathedralled with a wall of windows. Exterior vinyl recently painted. The roof is only two years old with 30-year dimensional shingles. The central air conditioning is new.
There is a shop/shed to left for tools, garden equipment or hobby shop.The public beach is about ten minutes away, and shopping abounds at the Village of Baytowne Wharf, Grand Boulevard, Seaside or Destin Commons. The only thing missing is you!
Offered at $239,900.
It's Wendy!Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.Search All Destin Florida Real EstateDestin Short Sales & Pre Foreclosure Help.Read Destin Real Estate BlogCall toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204Email Wendy to sell your home or buy a home: itswendy@rulnickrealty.comCall Wendy Rulnick, Destin short sale agent, to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Wendy is a short sale and pre-foreclosure specialist and has been featured in Kiplinger Personal Finance Magazine and Florida Realtor Magazine

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Monday, February 15, 2010

That House Is STILL For Sale?


Yesterday I went for my morning walk, on a route not travelled for two years in my neighborhood of Crystal Beach in Destin Florida. As I approached the end of a side street, low and behold- that HOUSE was still for sale!! No way! I did a double take, saw there was yet another real estate sign in the yard. What was this- the fourth Realtor? When I went home, out of curiosity, I checked the listing history of the house. It has been for sale since 2005. That's right- over four years.

What is going on here? Why hasn't this house sold?
Here is a list of possible reasons:
1. The street is busy- it is overpriced for the location.
2. The home is jammed on a little lot- it is overpriced for the lot size.
3. The home is overbuilt for the neighborhood- it is overpriced compared to the others.
4. The price was reduced too slowly- behind the rest of the market. Hmmm… still overpriced.
5. The sellers and all 4 agents think it is worth too much- it is overpriced.
6. No one is buying- yes they are, but they are buying at the right price!The bottom line is always the price. You can hire the most brilliant real estate agent in the world, you can have the best-kept home in the neighborhood, you can have the most sought after location in town, you can have more advertising than every other home for sale. But no matter what you do for marketing, no matter what agent you hire, no matter what you think your home is worth- it is not going to sell if it's not priced right.


It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

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Friday, February 12, 2010

Lot 5 Capri Cove, Bluewater Bay Short Sale, Niceville, Florida



Have you always wanted to live in Bluewater Bay, Niceville, Florida? Imagine your new home on this wooded half-acre lot on cul-de-sac. The Bluewater Bay short sale lot is within walking distance to Bay, marina, tennis and pool! Golf available, too! Niceville is only a ten minute drive across the Mid-Bay Bridge directly to Destin Beaches, Destin Commons and more. Buy this beautiful Lido Village lot now for your future Bluewater Bay home, or we can have a new home built for you!
Offered at $104,900.


It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

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Lot 17, Wren Way, Magnolia Forest, Niceville Florida - Bluewater Bay Short Sale


Beautiful homesite in Bluewater Bay's Magnolia Forest subdivision, Niceville, Florida. Bluewater Bay has a fantastic tennis center with twelve clay courts, and a professional stadium court. If you are a boater, sail or power, Bluewater Bay Marina is right down the street, on the shore of Choctawhatchee Bay. Live here and open yourself up to the world of golf, tennis, swimming, nature and more. Niceville is only a ten minute drive across the Mid-Bay Bridge directly to Destin Beaches, Destin Commons and more. Buy this beautiful lot now for your future Bluewater Bay home, or we can have a new home built for you!
Offered at $99,800.


It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

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Luau Condo #6108, Sandestin Florida - Short Sale


Owning this stylish Luau condo will open you to the world of Sandestin! This Sandestin short sale condo is an efficiency unit. Just drop your keys and go out and play! Amenitis include a great pool, covered parking. Nearby shopping at the Village of Baytowne Wharf. Enjoy beach, bay. Join tennis, beach club, golf, marina, gym! This Luau short sale condo is located on the south side of Sandestin Resort.
Offered at $119,000.


It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

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Are Short Sale Lenders More Lenient the Second Time Around?


It was almost a year ago that Bank of America approved a short sale on one of my Destin Florida condo listings. The sale price at the time was $260,000. The sellers owed $410,000 on the unit. Bank of America approved the short sale requiring the sellers do a cash contribution of $16,000 towards the loss at closing. Why? Because the sellers were paying two other mortgages on time and they had jobs and regular income.

Unfortunately, the property did not close. The buyer defaulted after approval because he wanted to buy another condo.
Six months later I found a new buyer. The Destin condo market had declined further, so the sale price was much lower. Five months later still, I got the short sale approved by Bank of America. Although little has changed with the seller's circumstances, the investors on this loan were much more lenient the second time around.
Property: Destin Florida condo
Ownership type: Investment
Sale Price: $211,000 (one year ago- approved price was $260,000)
Mortgage Balance: $410,000
Cash from seller: -0- (one year ago- $16,000 cash contribution was required)
Promissory note from seller: -0-
Needless to say, the sellers are delighted. The question remains, though, why were the investors more lenient with short sale approval terms the second time around? Not only did they accept $50,000 less – they required no cash contribution from the seller. This may mean investors are loosening up their approval guidelines in general, cutting their losses and moving forward. It may be good news for homeowners in trouble who are considering a short sale.


It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

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