August 2014

Found 17 blog entries for August 2014.




Many people are considering whether they should rent or buy. But your monthly rent is higher than your mortgage payment if you bought a home in all of the largest metros by an average of 38%. Rents have also been rapidly rising. But if you are not worried about the cost than you should consider the wealth building factor. Homeowners net worth is over 30x greater than renters. Learn more about what were the deciding factors for people deciding whether to rent or buy.

In a recent press release, Zillow stated that the affordability of the nation’s rental inventory is currently much worse than affordability of the country’s home sale inventory. The release revealed two things:

  1. Nationally, renters signing a lease at the
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National Foreclosure Statistics Summary

Inventory is down 35% from June 2013. That is 32 consecutive months with year over year decline in foreclosure inventory. Florida is still ranked as #2 State with the Most Foreclosures.

Northeast Florida Distressed Property Summary

There are currently 681 distressed properties on the market in Northeast Florida. The average list price is $152,424. Banks are looking to move these properties fast. So we have seen a good number of these properties with a price reduction in the last 30 days. The average price reduction was 5.41% which is pretty hefty.

Luxury Distressed Property in Northeast Florida

Distressed properties do not mean non-luxury properties. The highest prices distressed home is on the

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UPDATE: This program is over. But there are many special financing programs available for different vocations. And even better, you are not limited to any one particular builder or neighborhood. Contact us so that we can get you the information which can save you thousands!

Ready to start looking for Property? Check out these links:

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Ponte Vedra Beach Homes For Sale

Nocatee Homes For Sale

Jacksonville Beach Homes For Sale

New Construction Homes For Sale


jacksonville_teacher_firefighter_police_healthcare_governmentAre you a Teacher, Firefighter, Police Officer, Healthcare Worker, Government Employee or Active Duty Military or a Veteran?

Then you may qualify for $10,000 in closing cost from Lennar home in Northeast Florida if you buy and close through August 31st.

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10 Reason to Own Your Own Home

#1 Paying rent is not a good investment

#2 It motivates you to become a better citizen and engage in important civic activities

#3 You want more living space to move around

#4 It means having a good place to raise children and provide them with a good education

#5 It provides a good financial opportunity

#6 You can select a community where people share your values

#7 It's a symbol of success and achievement

#8 You start building family wealth

#9 It's investing in your retirement

#10 Owning a home provides tax benefits

Learn more about buying a home by clicking here.

Credits: Keeping Matters Currents

The Phyllis Frankel Realty Group specializes in waterfront and luxury property. The realtors have been in

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5 Real Estate Predictions for 2014-2015

#1 Higher Interest Rates

The Federal Reserve is planning to end the purchase of treasury and mortgage-backed securities in October. Lawrence Yun expects interest rates to increase in 2015.

#2  Higher Inflation & Prices

NAR’s Chief Economist Lawrence Yun expects Consumer Price Index (CPI), which measures inflation, to increase 3.5 percent in 2015.

#3 Higher Housing Sales Expected from Pent Up Demand

The U.S. gained 34 million since 2000, but home sales were 5.2 million in 2000 and 5.1 million in 2013. The pent-up demand will eventually equate to additional home sales over the next few years, Yun says.

#4 Real Estate will continue to be a Great Investment

Real Estate investment

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new_construction_dealRichmond American Homes Summer Builder Promotion!

Up to $10,000 closing cost promotion, $0 loan origination fee and Up to $8,000 in select home upgrades*. This deal is only available on select homes that close by 9/30 & finance through HomeAmerican Mortgage Corporation.

Where is this deal available?

The Palms - Priced from the mid $500's in Ponte Vedra Beach. Hard to find new construction in Ponte Vedra Beach at this price. Sizes in this community fall in the 3100sf-4190sf range. Only 9 homesites and just off of A1A.

Old Sebastian Point - Priced from the low $200's with natural wetland setting. Homes range in size from 1560sf-3030sf and 3-4 bedrooms. Prized location in St. Augustine, FL 32084 & within biking distance to the shops along the

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june2013-42_400Not only do you get a loan with just 3.5% down but you will also be able to save around $10,000 over the life of the loan if you attend classes from the Homeowners Armed with Knowledge (HAWK) program before shopping for your home.

But that is not all!

2 years with no deliquent payments means another 15 basis-point reduction.



How does this work?

Home Buyers must take the class before signing a purchase contract for real estate. Additional classes will be needed before completing the sale. The actual savings will be in "50 basis-point reduction in upfront mortgage insurance and a 10 basis-point reduction in the annual premium cost. Upfront mortgage insurance premiums are 1.75% of the total loan amount, while annual monthly premium

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UPDATE: Schools are ready! Click the link below to visit the St. Johns County School page or Nocatee page.

St. Johns County School System


St. Johns County Attendance Zones

St. Johns County Master Calendar

Don't forget every one of our listing will listed the Schools for the property if provided in the mls. Just scroll down to see what is listed:


dooles-school13-01-111413-1267_400The new Nocatee Valley Ridge Academy was started last year but won't be finished before school starts. The same goes with Patriot Oaks Academy in Durbin Crossing.

Schools are to educate approxmiately 1,000 students for grades pre-K to 7th grade. Next year will be the addition of 8th grade to both schools.

The good news is the finishing touches needed at each school will not delay

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Mortgages: Different Types Available



Financing is available at all different price points and down payments for your home search. VA & USDA allow for 0% financing but have additional fees and you have to qualify for. FHA loans can be used for a wide variety of products and require just 3.5% down but have additional fees. For the rest you have conforming and jumbo loans that require for the most part 10% down but there are some 5% down conforming loans out there.

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luca-at-siena-no-name-300x204Siena at Town Center

ICI homes will start model construction Fall 2014 for these mediterranean/tuscan style homes with tile roofs and ranging in size from 1,600 to 3,000sf. These are unique floorplans with rear alley garage entry.

Also unique to this location is being walking distance to shops, grocery store, restaurants and Nocatee's amenity center.

Nocatee's zoning for schools is always confusing. This particular neighborhood will be going to the A rated schools of Ocean Palms Elementary, Landrum Middle and Nease High School.

Give us a call or email if you would like to be on the list for this community.

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