Panama City Mortgage Update

Here’s a local Panama City Mortgage Update from one of our principle lenders Jackie, at Regions Mortgage

Market Update Week Ending August 26, 2011

It was another volatile week for mortgage rates. The primary factors influencing rates roughly offset each other, though, and mortgage rates ended the week just a little higher.

A wide range of economic news caused investors to either add or reduce risk at a rapid pace this week. News which generally encouraged increased exposure to risky assets helped stocks and hurt mortgage rates early in the week, while the opposite took place later in the week. Mixed US economic data, continued concerns about European debt, a highly anticipated speech from Fed Chief Bernanke, and uncertainty about the impact of Hurricane Irene all contributed to the daily volatility.

In Friday’s speech, Fed Chief Bernanke gave no hint of any change in Fed policy, disappointing some investors hoping for looser monetary conditions. He stated that at its September meeting the Fed will consider whether additional monetary stimulus measures are called for, but that fiscal policy changes by lawmakers are needed to help the economy and the labor market. Following the speech, the consensus view is that the Fed is unlikely to make significant policy changes for a while.

Also Notable:

* Second quarter GDP was revised lower from 1.3% to 1.0%
* Continuing Jobless Claims fell to the lowest level since September 2008
* Moody’s downgraded the credit rating of Japan’s government debt
* The Fed’s Hoenig said that he doesn’t expect a double-dip recession in the US

The biggest economic report next week will be the important Employment data on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Before the employment data, Pending Home Sales, Core PCE inflation, and Personal Income will be released on Monday. Chicago PMI Manufacturing and ADP Employment will come out on Wednesday. ISM Manufacturing, Construction Spending, and Productivity are scheduled for Thursday. Factory Orders and Consumer Confidence will round out a busy week.

Panama City Beach Homes for sale

Owners, put my technology to work for you. If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.

Buyers, when you’re ready to purchase a Panama City Beach Gulf or Bay front condo for your vacation home, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City Beach homes sale.

Jennifer Mackay
850-774-6582
Panama City Real Estate | Florida

“Liked this post? Subscribe to my Panama City Real Estate blog RSS feed and get loads more!”

Landscaping & Curb Appeal

Exploring the Importance of Landscaping in Curb Appeal

As anyone who has tried to sell a home can tell you, creating curb appeal is an essential part of getting a home sold quickly and at a reasonable price – regardless of whether you’re selling a home in Austin TX or Panama City FL. After all, when a potential buyer drives past a house for sale, he is far more likely to give that home a second look if the home appears attractive and well-maintained. While there are several steps a homeowner can do to create curb appeal, proper landscaping is one of the most important components.

When landscaping a home to create more curb appeal, there are several things that should be taken into consideration. Some of these include:

– The overall condition of the home
– The landscaping that is currently in place
– The climate where the home is located
– The type of landscaping found throughout the neighborhood
– The needs of the target buyer

If you already have some great landscaping elements in place, you might simply need to clean up what is already there before you put your home on the market. Simple things such as keeping the lawn mowed, trimming your bushes and edging your flower beds will go a long way toward making your home more appealing to buyers.

If your home is lacking in landscaping, you might need to do a bit more work before placing your home on the market – especially in a luxury market such as Steiner Ranch. Still, unless all of the other homes in your neighborhood are beautifully landscaped and your yard is barren, this doesn’t mean you should invest thousands of dollars into landscaping your yard. Rather, adding a few simple bushes and replacing bare patches of lawn with sod may be all that is needed. Throw in a few potted plants filled with colorful annuals and your yard will be sure to grab the attention of potential buyers.

When adding plantlife to your landscaping, be sure to select plants that are hardy in your climate. Ideally, you should select native, low-maintenance plants for your projects. Otherwise, potential buyers may actually be turned off by the amount of maintenance the plants require. As an alternate option, you might want to focus more on hardscaping or creating a rock garden. Both of these forms of landscaping help provide a well-polished and attractive yard, but they require very minimal work to maintain.

If you aren’t sure how to go about properly landscaping your home, you might want to consider contacting a professional to help you out. If landscaping is done properly, you are almost guaranteed to get a full return on your investment.

About the Author – Eric Bramlett is co-owner and broker of One Source Realty and specializes in downtown Austin real estate.

Possible tropical storm entering Gulf | Insurance updated

It’s the time of the year when the Panama City area watches the weather very closely for tropical storms and hurricanes heading our way.

As a reminder to my buys and sellers, pay your insurance premiums and add coverage BEFORE an announcement of a tropical storm or hurricane.

Thanks to Kathy Holman for providing the following…

Once a storm gets into the Gulf of Mexico & within a certain distance of land, Insurance companies will no longer bind insurance.

Once that happens, lending requires evidence of bound insurance & proof of payment (cannot collect at close).

Please keep your insurance agent in the loop regarding your purchase so they can be aware of timing & we don’t get stuck.

SOLD! – Less than 5 days… Again | Panama City Homes for sale

How?

It was easy. I priced the home properly, promoted it and marketed it where it would be seen by not only local agents but by millions of potential home buyers world wide.

That’s how you sell a home in less than 5 days – and not only get multiple offers but also a higher than asking price!

Best of all… It wasn’t a foreclosure or a short sale.

Now that’s how you sell real estate in Panama City, Florida!

If you are trying to sell your home in the Panama City/Panama City Beach, Florida area, ask yourself these questions:

  • Has your home been sitting on the market awhile?
  • Is your home being marketed properly?
  • Is it sitting in the MLS gathering dust waiting for an agent to get a buyer interested?

If you answered yes to any of these questions, than you need to contact me today and I will sell it quickly and for the highest price possible.

This is not rocket science, it is simple marketing and pricing and having the most prolific and full featured website in the area which is visited by thousands of potential buyers.

Panama City Beach homes for sale

Owners, put my technology to work for you. If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.

Buyers, when you’re ready to purchase a Panama City Beach Gulf or Bay front condo for your vacation home, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City Beach condos for sale.

Jennifer Mackay
850-774-6582
Panama City Homes for sale | Panama City, Florida

“Liked this post? Subscribe to my Panama City Real Estate blog RSS feed and get loads more!”

Panama City Homes for sale | Market Summary – April 2011

The Panama City Real Estate market summaries have been posted and the results continue to be interesting…

Panama City Condo and Home Sales:

Foreclosures and short-sales. continue to be a significant factor in the recovery of the local real estate market.

These property types continue to drive sales as well as home and condo values .

Panama City Commercial Real Estate and Business Sales:

Commercial Sales gained slight improvements last month, which is a good sign the residential markets will begin to rebound.

Panama City Homes for sale

Owners, put my technology to work for you. If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.

Buyers, when you’re ready to purchase a Panama City home or condo, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City homes sale.

Jennifer Mackay
850-774-6582
Panama City Real Estate | Florida

“Liked this post? Subscribe to my Panama City Real Estate blog RSS feed and get loads more!”