Real Estate Information

PCS to Tyndall Airforce Base????

The Payne Group at Keller Williams Success Realty has a home to fit your needs.

Check out our website at www.knowpayneknowgain.com to see all of the homes available to you 

PRICE, PRICE, PRICE

The old adage of Location, Location, Location still holds true but PRICE is KING!!!!!   Price can overcome location, location can not overcome price.  Price can overcome condition, condition can not overcome price.  Pricing your home to sell is the most important issue with selling a home in a buyer's market.   Supply vs Demand says that as inventory grows, prices must fall.  Buyers have more choices and the choices that they will make will depend on the price.  Buyers will rarely offer full asking price on an "overpriced" home.  Properly priced homes will often recieve multiple offers.

To price a home properly, sellers need to see recent sales similar to their home and sellers need to know what the competition looks like.   A sellable home needs to be priced in the bottom 1/3 of the competition, preferably the lowest price.  To enhance the sellability, the home needs to be in the top 1/3 in condition.  BOTTOM 1/3 PRICE, TOP 1/3 CONDITION.

To find out how to sell your home in today's market, go to www.panamacityhomevalues.com or visit www.knowpayneknowgain.com

Cherokee Heights Cookout, Open Houses, Yard Sales, and just plain FUN!!!

Join us for our second annual cookout and open house in Cherokee Heights.  We will have 6 homes for your viewing pleasure.  Hot Dogs, hamburgers and soft drinks will be served.

When:  Saturday April 19, 2008  11AM to 4PM

Where: Cherokee Heights Neighborhood, Panama City Florida

Why:  To promote our neighborhood and to meet our neighbors.

Please feel free to use this blog to announce anything related to Cherokee Heights, yard sales, birthdays, announcements.

Call Jeff at 850-890-0132 for more details or view our website at www.knowpayneknowgain.com

Great news for buyers!!!   100% financing is still available through USDA Rural Development.  With this program , no Private Mortgage Insurance is required, helping to lower the monthly mortgage payment.
Call one of our buyer specialists today to find out if you qualify

Hi, all you animal lovers.  
       

       This is pretty simple. Please tell ten friends to
       tell ten today! The Animal Rescue Site is having trouble
getting enough
       people to click on it daily to meet their quota of
getting free food donated
       every day to abused and neglected animals.

Thunder Beach Motorcycle Rally, Panama City Beach, FL
Spring Rally
May 1 - May 4 2008

Panama City Beach is home to the fastest growing biker friendly motorcycle rally, Thunder Beach.  Thousands of bikers escape their daily lives and enjoy a weekend of fun, sun and fellowship.

This years activities include:
The Atlanta Rythym Section
Mustang Sally
Dan Lawson, a Buffalo Chip favorite

For more information, go to http://www.thunderbeachproductions.com/

Break out those leathers, polish up your chrome and hit the open road to Panama City Beach

Our Favorite Panama City  and Panama City Beach Restaurants

• Fresh Seafood and Oysters:  Cato's Seafood Market, corner of HWY231  andCato Road
• Steaks: The Place (downtown) or Angelo's Steak Pit
• Pizza: Joey's On the Beach or Hungry Howies
• Local flavors: Bayou Joe's, Rustler's Reef
• Sandwiches: Floridadelphia

What are your favorites?

Looking to buy a home in Panama City but don't know where the best neighborhoods or schools are?  Afraid of overpaying or being priced out of the market?

If you answered yes to either question, you owe it to yourself to discover Cherokee Heights in Panama City Florida.

Cherokee Heights is centered around award winning schools, Tommy Smith Elementary and Merritt Brown Middle Schools.  For a FREE report of all Bay County Schools, go to our Free School Reports.

For convenience, Cherokee Heights is located close to Panama City Mall, 23rd Street Restaurants, and Tyndall Airforce Base.  Cherokee Heights Mapquest

There are currently 10 homes for sale in Cherokee Heights ranging from $184,900 to $255,000.  To view all of the homes available, Cherokee Heights Homes

To find out the approximate value of your Cherokee Heights or Panama City home, Panama City Home Values

I keep hearing all of this talk about great real estate deals through short sales.  WHAT IS A SHORT SALE AND HOW DO I GET ONE?

www.shortsalesinpanamacity.com

Short Sale:  (Real Estate)  The sale of a property for less than what is owed on the property.

In an approved short sale, the lender agrees to accept less than is owed for the property, and the homeowner is relieved of the debt.  A lender may be willing to do this because it spares a lot of hassle and expense involved in executing a foreclosure.  And typically, a short sale does far less damage to the homeowner’s credit than a foreclosure does.

What does this mean for me when I buy a short sale?

Buying a short sale typically takes longer than a normal transaction but it can be very rewarding and worth the wait.   A short sale takes longer due to the approval needed from the bank who holds the note on the mortgage.   We have seen homes sold for as low as 60 cents on the dollar making the new buyer very happy.  

To find your short sale deal in Panama City, go to www.knowpayneknowgain.com