Niceville High School and The Collegiate High School of Northwest Florida State Colelge rank among the best schools in Florida for 2012. On a scale of 1500 points, Collegiate scored 1489 and Niceville scored 1312. Those scores place Collegiate at fifth and Niceville at 34th out of the 430 Florida public schools. High Schools scoring 1050 or higher receive an A grade.
Four of the other five Okaloosa County public high schools–Baker, Choctawhatchee, Crestview and Fort Walton Beach received an A designation for 2012.
The S&P/Case-Shiller index of property values in 20 cities increased 4.3 percent from October 2011, the biggest 12-month advance since May 2010, the group said today in New York. The median forecast of 30 economists in a Bloomberg survey projected a 4 percent gain.
Property values will probably keep heading higher as record-low mortgage rates, a growing population and an improving economy spur demand for housing. The turnaround in real estate is buoying household confidence and wealth, one reason why consumer spending is improving even as concern mounts that lawmakers will fail to stave off looming tax increases.
“The housing market is definitely starting to recover,” said Ryan Wang, an economist with HSBC Securities USA Inc. in New York, who’s the second-best forecaster of the S&P/Case- Shiller index over the past two years, according to data compiled by Bloomberg. Higher property values have “added about a trillion dollars to household wealth just since the beginning of this year.”
Most appraisers are competent and provide good valuations that are compliant
with the Uniform Standards of Professional Appraisal Practice. However,
appraisals generally lag market conditions and some changes to the appraisal
process have been causing problems in recent years, including the use of
out-of-area valuators without local expertise.
I recently have had two transactions fall apart because of undervalued appraisals.
For more real estate news and information in the Destin-Niceville-30A area, go to www.DestinHomeRealty.com or contact me at 850-305-6256.
In 2011, 5.4% of state residents earned less than $10,000, slightly higher than the national rate of 5.1%. Meanwhile, just 4.4% earned more than $200,000 — well below the 5.6% national benchmark. Both figures, however, were far worse than they were in the past. In 2007, just 3.6% of households earned less than $10,000 annually, while 5.4% earned more than $200,000. But while many Floridians have lost wealth since the recession, Florida is still home to 32 billionaire members of the Forbes 400, led by Micky Arison, worth $5 billion as of September.
The median sales price for homes in Miramar Beach FL for Jul 12 to Sep 12 was $250,000. This represents a decline of 0.8%, or $2,000, compared to the prior quarter and an increase of 8.7% compared to the prior year. Sales prices have depreciated 38.2% over the last 5 years in Miramar Beach. The average listing price for Miramar Beach homes for sale on Trulia was $588,757 for the week ending Oct 03, which represents a decline of 1.7%, or $10,065, compared to the prior week and a decline of 2.9%, or $17,327, compared to the week ending Sep 12. Average price per square foot for Miramar Beach FL was $168, a decrease of 6.1% compared to the same period last year.
Be respectful, use common courtesy and don’t expect an agent to drop what she is doing to run out to show you a home. You are probably not that agent’s only prospect / client. And if you are, lord help you.
Do not make an appointment with an agent and then forget to show up.
If you are going to be late, call and let your agent know when you expect to arrive.
3. Choose A Real Estate Agent
Decide whether you want to work without representation: dealing directly with listing agents, or if you want to hire your own agent.
If you decide to hire your own agent, find an agent with whom you are comfortable.
If you are interviewing agents, let each agent know you are in the interview stage.
Never, never, never interview two different agents from the same company. Trust me, don’t do it.
Listing agents work for the seller, not the buyer. If you hire the listing agent to represent you, that agent will now be working under dual agency.
If listing agents show you the property, the listing agent will expect to represent you.
Listing agents do not want to do the buying agent’s job. Let your buyer’s agent do her job.
5. Practice Open House Protocol
Ask your agent if it’s considered proper for you to attend open houses alone. In some areas, it is frowned upon to go to open houses unescorted.
Hand your agent’s business card to the agent hosting the open house. Sometimes this agent will be the listing agent, but often it is an agent also looking for unrepresented buyers. Announcing you are represented protects you.
Do not ask the open house host questions about the seller or the seller’s motivation. Let your agent ask those questions for you.
6. Sign a Buyer’s Broker Agreement with a Buying Agent
Expect to sign a buyer’s broker agreement. It creates a relationship between you and the agent, and explains the agent’s duties to you and vice versa.
Ask about the difference between an Exclusive and Non-Exclusive Buyer’s Broker Agreement.
If you’re not ready to sign a buyer’s broker, do not ask that agent to show you homes. Otherwise, procuring causemay pop up.
Ask your agent if she will release you from the contract if you become dissatisfied. If she refuses, hire somebody else.
In the current seller’s market that exists in many parts of the country, buyers need to perform near perfectly to attain the home of their dreams. Many of the best new listings that come to market are receiving multiple offers . . . and in just a few days on the market. So what can you do as a buyer to enhance your odds of getting your offer accepted?
1) Get Serious and Work with a Real Estate Agent – while this sounds like a given, many buyers are casually looking and only get serious when they see a home on the internet and start their quest to buy that home from whatever agent they can find. By the time they get mobilized the home is gone! Here in the Destin, and most of the Northwest Florida market, many homes that are terrific deals have multiple offers almost immediately after going on the market.
2) Get Ready to Buy – There are great local lenders here in Destin, Niceville, Fort Walton Beach, Crestview, and Navarre markets – be sure to get prequalified or better yet preapproved for your loan. This eliminates any surprises and demonstrates to sellers that you are serious, qualified, and able to close. Have your proof of funds ready to show which is often required. Especially if you find a foreclosure, they will want this proof of funds to come with the offer.
3) Operate with a Sense of Urgency – Have your real estate agent set you up a new listings alert and when a hot property comes to market moving quickly is extremely important. If a listing comes to market on a Wednesday, waiting until Saturday to see it because you want to watch TV won’t work. Always assume that other interested buyers are seeing the home on day 1 and making an offer on day 1!
4) Make Clean Offers – offers that are not clean result in delays and counter offers– delays results in more buyer offers – multiple offers drive prices up and probability of getting your dream home down. If there is something specific that the seller is looking for in your offer do everything possible to accommodate it.
The typical real estate transaction involves at least two dozen separate individuals – insurance assessors, mortgage brokers and underwriters, inspectors, appraisers, escrow officers, buyer’s agents, seller’s agents, bankers, title researchers, and a number of other individuals whose actions and decisions have to be orchestrated in order to perform in harmony and get a home sale closed. It is the responsibility of your real estate agent to expertly coordinate all the professionals involved in your home purchase and to act as the advocate for you and your interests throughout.