Monday, January 20, 2014

Market Update on Homes For Sale in Saint Augustine Florida

The information provided here is provided by Team Johnson of Watson Realty Corp located in Saint Augustine Florida.  TEAM JOHNSON is available to assist buyers and sellers with homes for sale in Saint Augustine Florida.  We are available to help from preview to purchase, to answer questions about home ownership, and assist home sellers to get their properties sold as quickly as possible and for top dollar.  For all your real estate questions call Team Johnson today.


The residential market of homes for sale in Saint Augustine Florida is continuing to climb.  The number of new listings in 2013 vs. 2012 rose almost 16%.  The average sales price increased 8.78%  from $197,031 to $214,349.  Further good news, the average days on market for homes for sale in Saint Augustine Florida decreased 13.27% from 156 days to 135 days.




The overall inventory of available homes for sale in Saint Augustine Florida is extremely low.  Interest rates, though rising, are still at historic lows.  Florida has also seen an increase in population.  It has overcome New York as the 3rd most populous state.  Due to the increase in population, low interest rates, and low inventory, demand for Florida homes is high and will continue to drive the price of homes up.  According to John Tuccillo, the Florida Realtors® economist, we should “expect sales to rise about 10-12% in the coming year, and home values should increase as well.”



Overall, every line item statistic is looking very good in that the available inventory of homes for sale in Saint Augustine Florida continues to shrink and buyer demand is still currently strong.  Buyers, if you have been waiting for the best price and best interest rate, you need to act now.  Prices are going up and so are the interest rates.  Don’t get left behind.  Any of the members of Team Johnson of Watson Realty Corp would welcome the opportunity to find you your new home.

Sellers/Owners if you have been waiting for the market to rebound so you can sell, the time might be now.  Many Floridians have already seen and increase in the value of their home.  Want to know where you stand?  Call Team Johnson of Watson Realty Corp.  We perform detailed reports for you so that you know exactly how much your home is worth.  This will help you determine whether now is the right time to sell.  We put our customers best interests ahead of the sale.



Team Johnson
Watson Realty Corp
St. Augustine, FL 32086
904-495-0146

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Monday, January 13, 2014

You've Just Bought a Home...Now What

Finally!  You’ve gotten through all of those loan documents, closed on your property, and got the keys to your new house… what do you do next?  Everything you own is packed into a moving van.  The old house is empty and awaiting its new residents, and you're on your way to the new place. You've got a copy of the floor plan, which is all marked up with where everything needs to go, and your copy of the mover's inventory list is tucked in the big folder right beside it. You have friends and family meeting you at the new house to help unload the truck and arrange the furniture. But what else do you need to do when you arrive at the new place? 


1. Change Locks & Program Garage Door Openers
You should always change the locks and reset any key code combinations that can be used to gain entry to the house. Garage door opener, garage key pads and alarm combinations should be changed. You never know who has an old set of keys to your new house (a previous baby sitter, construction people, lawn care people, dog sitter, etc.) You want to make sure no one unauthorized can gain entry.

2: Pest-proof Your New Home
If you have access to your new place a day or so before the moving van is scheduled to arrive, take that time to get a few things done around the new home. You could set off a bug bomb or have the exterminator come and spray. Even if you don't see any bugs, that doesn’t mean they are not there.  It will be more difficult to find and evacuate critters after all your stuff arrives. And this way, you won't have to worry about your children or your pets being exposed to harsh chemicals during the bug bombing or spraying.

3: Start Fresh
Another great way to take advantage of your still-empty abode is to give it a deep clean. It could use it, especially if you've followed the pest control advice from the previous page. Cleaning the floors, baseboards and windows will never be this easy again -- you'll have unhindered access to everything. You can wipe down all the countertops, shelves and drawers -- replacing shelf paper if necessary. Run a phantom load in the dishwasher and washing machine, clean out the oven if it needs it, and don't forget the refrigerator and freezer. Check all air filters & water filters since you never know when the last time was that they were changed.  If possible, hire a cleaning service to help you get it all done. If you aren't able to do the cleaning prior to unloading the moving van, hiring a cleaning service will be even more helpful.

4: Check Out the Local Grocery Story
Between you, your family, the movers and any friends who are helping you, someone's bound to get thirsty or hungry during the move. Why not be ready with a refrigerator full of cold beverages, sandwich supplies and other snacks? And don't forget to grab some cups, napkins paper towels and toilet paper while you're at it.

5: Inspect Your Belongings
Once everything's off the truck, check your inventory list against what's actually been delivered. Has everything made it to the new place? This is where it helps to have both the inventory list and a floor plan filled out with what goes where. You can then walk through the house, room by room, and make sure that everything has arrived safe and sound. And speaking of boxes, be sure to open a few cartons of your most breakable items to make certain they survived the move.

6: Find the Essentials and Organize as You Unpack
Unless you've hired the movers to help you unpack, don't try to unpack everything at once. Sort your carefully labeled boxes so that you only have to unpack what is absolutely necessary. This gives you the time to organize your space as you go, instead of being forced to toss things randomly into cupboards and closets. Look for towels, bed linens, toiletries and other essentials. Unpack a few clothes so that you'll have something to wear over the next few days. Find the coffee maker and your favorite mug. And don't forget to find your pet’s food and water dishes as well as a few toys.

7: Install Window Treatments
Ideally, you planned it so that the movers will be finished unloading the truck before lunchtime, leaving you plenty of time to settle in to your new home. One key part to settling in is installing window treatments. While we're not suggesting you tackle all your windows at once, do try to dress the windows in the most essential rooms. When night falls, you don't want you, your family and all of your belongings on display for every passerby to see. Of course, if you've yet to even consider your window covering needs, head for the boxes marked "linens" -- you can always tack up a sheet or two until you have time to decide on tab-tops or Roman shades.

8: Make the Beds
While you're rooting around in the linen-filled boxes, unpack enough bedding to set up beds for everyone who is actually going to be sleeping at your house. If your friends aren't staying over, don't bother with the guest rooms -- you can take time later in the week or next week to get to that. For now, concentrate on the kids' rooms and your master suite.

9: Meet the Neighbors
After a few hours of unpacking, you'll need some fresh air. Grab the kids, put the dog on a leash, and hit the street for a stroll. If you can, try to meet some neighbors while you're out for your walk around the neighborhood. The sooner you get to know the folks around you, the quicker your new place will start to feel like home

10: Enjoy a Family Meal
Moving can be tiring and stressful. So, after a long day of work, take time to unwind together. There's no need to worry about a fancy, homemade meal -- especially if you haven't managed to unpack the kitchen yet. You can drive to the nearest restaurant for takeout or order something for delivery. During dinner, you can relax and make a plan for what you want to tackle next. You might want to start unpacking the kitchen, or maybe you just want to settle down in the den with some tasty sundaes and your favorite DVD. 

11: Get Some Sleep
Not to be too redundant but … moving can be tiring and stressful. So, after you've spent the day schlepping furniture and unpacking boxes, you need a good night's rest. There's no need to stay up until 2 or 3 a.m. Those boxes aren't going anywhere, and by now, you've already unpacked the essentials. By getting an adequate amount of sleep, you'll be ready and able to get started on whatever you need to do the next day, whether it be unpacking the library, hanging all the paintings or taking the day off to explore your new town.


Good luck in your new home.  Team Johnson of Watson Realty Corp strives not just to be your REALTOR® for the sale, but your REALTOR® for life.  No matter how successful and how busy we are, we are never too busy to help our customers, both past and present.  If at any time you have any questions do not hesitate to give us a call at 904-495-0146 or email us at teamjohnson@watsonrealtycorp.com


Team JohnsonWatson Realty Corp
St. Augustine, FL 32086
904-495-0146
Click Here to Search the MLS Like an Agent
View My Website
Click Here to Email Me
  

FIND US ON THE WEB

                

Monday, January 6, 2014

After Your Offer Is Accepted

Congratulations!  If you’ve gotten this far you have placed an offer on a house and the seller has accepted it.  Now what?  This is actually the most crucial part of the home buying process.  If something could go wrong on either the buyer or seller’s end, it will be here.  With a good, experienced agent, some organization, and some planning it will be easy to get through this process and you will be moving into your new home soon.


Immediately After Approval



If you have not already done so, you need to make your escrow deposit.  Some agents will not collect an escrow deposit until you have an accepted contract.  Once you have an accepted, fully executed contract it is vital you make the necessary deposit according to your contract.

Within the First 3 to 5 Days



Contact Your Mortgage Person.  You should already have a working relationship with a mortgage person as he or she would have given you a pre-approval or pre-qualification letter to send with your offer.  Now that you have a contract you need to go see your mortgage person so they can begin the financial process.  This will include ordering an appraisal.  A bank will only loan up to the appraised value of the home.  If the home does not appraise you will have three options:  1) come out of pocket to make up the difference; 2) petition the seller to meet the appraised price; 3) walk away from the deal with no penalty.

Order Your Home Inspection.  A home inspection is not required, but is highly recommended.  Your home is no doubt the largest purchase you will make.  Spending a couple hundred dollars to have a qualified person thououghly inspect your future home may prevent thousands of dollars of unexpected repairs later on.  Contact a licensed home inspector of your choice.  If you are working with a real estate agent he/she should be able to recommend one.  The inspection must take place during your inspection period, usually 10 to 15 days from acceptance of your offer.

Submit Your List of Repairs.  Before the inspection period ends you need to submit a list of items you want repaired by the seller before closing.  It is important to remember not all items will be necessary in order to close.  A scratch in the paint on the wall is not something that has to be repaired in order for a bank to loan on the property.  A roof at the end of its life and leaking into one of the bedrooms is a repair that could impact financing and would be within reason to ask for repairs.  The only exception would be if you were buying a home “as-is.”  Most bank owned properties and short sales would fall into this category.  The bank gives you your inspection period and your options are to take it, or leave it as it stands.  With any contract, you can walk away penalty free, as long as it is done within the inspection period.

Inform Your Landlord.  If you are renting you need to inform your landlord.  Most landlords require at least 30 days notice that you are moving out.  Failure to do so could result in forfeiture of your security deposit.  You will also want to work out a move out date that allows for extra time should your closing get delayed.

Within 30 Days of Acceptance


 
Contact Your Insurance Provider.
  You do not want a lapse in coverage between the sellers and yourself.  If you are financing your home, most lenders will not lend if you do not have insurance in place.  They also usually require you to pay one year’s insurance premium up front.  Your insurance broker can let you know how much this will be, and will provide a binder for you to bring to closing.

Stay In Contact With Your Mortgage Person.  You must obtain a mortgage commitment letter before your financing period ends.  This date can vary depending on the type of financing you are attempting to get.  You want to make sure you do not “fall through the cracks.”

Arrange For a Mover.  This should be done 30-45 days ahead of the closing date.  Make sure not to make firm arrangement until you have a confirmed closing date and you have received your financial commitment letter from your mortgage person.  Many people make preparations and sometimes fully move out, just to find their closing delayed a week.  This can cost hundreds of dollars in storage fees.

1 to 2 Weeks Before Closing



Arrange Utilities.  Contact the utility company and have the utilities transferred into your name.  This includes (if applicable) gas, electric, water, sewer, telephone, cable television, and internet service.  Be sure the effective date is when you take possession of the house.  You do not want to be paying for the seller’s usage.  Also, don't forget to have your current utility services disconnected

Make Sure You Have the Funds Available for Closing.  If you are paying cash you will want to be sure the funds are available and in a guaranteed form.  If you are financing, Your mortgage person should have given you a good faith estimate of the amount that you will need. If not, contact him/her as soon as possible.

Make Final Arrangements With Movers.  At this point you should have a clear to close date.  Once you have that, you can make final arrangements with movers.

1 to 2 Days Before Closing



Arrange For a Final Walk Through.  Your agent will arrange a final inspection of the home you are about to purchase. Most likely everything will be fine, but check to make sure everything is in the same condition as when you first put your offer in.

Verify the Time and Place of Closing.  Call the closing agent or title company for the time and place that the closing will occur. Your agent may do this for you.

Get the Final Amount You Need to Bring to Closing.  Call your mortgage person for the amount of the certified or cashier's check you need to bring to the closing.

For the Closing



You will need the following at closing:
1)    Picture I.D. (drivers license, passport, etc.) The closer will need to make a copy of it for the registry of deeds.
2)    Personal checkbook. In case you have to pay for any incidental charges such as taxes that have already been paid by the seller.
3)    Certified Check in the amount given to you by your lender.
4)    Insurance Policy or binder.
5)    Your personal attorney, if any.

Congratulations!  At this point, you can move into your new home.  This entire process can seem lengthy and troublesome but this is where a good agent comes into play.  A good agent will specifically guide you through this process.  They will handle some of the items above for you (submitting repair issues to the seller) or at the very least remind you to complete tasks that you will have to do (obtain insurance).  Team Johnson of Watson Realty Corp treats each buyer as if they are our only customers.  We do not believe in passing you off to a closing coordinator.  This is the most crucial period and we believe you deserve our full attention in this final but most important phase.  If you have any question please feel free to contact us at 904-495-0146 or email us at teamjohnson@watsonrealtycorp.com



Team Johnson
Watson Realty Corp
St. Augustine, FL 32086
904-495-0146
Click Here to Search the MLS Like an Agent
View My Website
Click Here to Email Me
 

FIND US ON THE WEB