Jacksonville Beach Cottage
Cute 3/3 just two blocks from the beach!
Smell the salt air, hear the ocean breakers,
the discerning executive has found her home!
Want to see some more great deals at the beach? Call Richard Newquist 904-422-5091
Monday, September 22, 2008
Jacksonville Beachside Cottage
Wednesday, September 17, 2008
Video Ads
Both the DNC and the RNC are making videos for YouTube for direct advertising as well as a sort of "encounter group" experience. They are saving millions of $$$$$ while getting the results they want.
We at Beach & Luxury Realty are offering the same service for a small fraction of the price that ANYONE pays...except for YOU, my customer!
Check out: Video Tours and 3 minute video ads.com for more information.
We at Beach & Luxury Realty are offering the same service for a small fraction of the price that ANYONE pays...except for YOU, my customer!
Check out: Video Tours and 3 minute video ads.com for more information.
Tuesday, August 12, 2008
First Time Home Buyers & Previous Owners Get Break Under Housing Recovery Act
Housing Bill Creates Great Environment for First-time Buyers, Says Richard Newquist, Real Estate Analyst in NE Florida.
The signing of the Housing and Economic Recovery Act of 2008 by President Bush has opened the door to first homebuyers and previous homeowners who haven't owned for the past three years.
New benefits such as a repayable first-time home-buyer tax credit. First-time buyers are important to the health of the housing economy because their home purchases help to stimulate sales up the price points. Through the home-buyer tax credit, buyers who are purchasing for the first time or who haven’t owned a property in the last three years can now qualify for a tax credit equal to 10% of their home purchase price, up to $7,500.
The timeframe to buy is between April 9, 2008 and July 1, 2009. The credit phases out if the buyer’s income exceeds $75,000 for an individual or $150,000 for a couple filing jointly and it must be paid back over a 15 year period in equal installments. The credit can be claimed on the buyer’s 2008 tax return even if the purchase is made in 2009 (it’s important to note that this is a tax credit and not a tax deduction).
Another component of the housing bill is an FHA overhaul which allows Fannie Mae and Freddie Mac to serve more home-buyers by raising loan limits in high cost areas above the standard conforming limit to 115 percent of the median house prices and up to 150 percent of the conforming loan limit.
"This Housing and Economic Recovery Act marks the beginning phase of the next ten-year housing cycle in which prices in the more affordable markets will only continue to appreciate", said Richard Newquist, long time real estate analyst now practicing in Jacksonville Florida.
Home loan proceedures have been reevaluated and some tightening has taken place especially in the area of down payment assistance by sellers which has now been ruled out as a source of funds.
Thursday, May 8, 2008
Infusion Marketing
Straight advertising? Naw! It doesn't work. Advertising has lost it's credibility and, what's worse, the ads are packed full of clichés that don't work. People are sick of the clichés: "Must See" (why?), "Hurry--this one won't last" (yes it will), "Price Reduced" (for a reason), "Too Many Amenities To List" (oh really?), "42 inch cabinets and granite countertops" (good grief!), "Price Reduced" (you just cost the seller big bucks!).
Three minute video ads with jumpin music, sharp editing, great captions and some voice dubbing is the future of real estate advertising. The old 'fisheye' lens makes me motion sick. Property tours don't show any more than a bunch of still pics.
Three minute video ads are the wave of the future and this isn't a fad. It is infusion marketing that reaches all the senses of the viewer including the sense of "INTEREST".
Three minute video ads that will sell your property.
Are you a buyer who lives out of state? Want to get a better look at interesting properties? You can actually get DVD's of whatever interests you.
Check out XCELMARKETING.NET also for other marketing ideas.
Three minute video ads with jumpin music, sharp editing, great captions and some voice dubbing is the future of real estate advertising. The old 'fisheye' lens makes me motion sick. Property tours don't show any more than a bunch of still pics.
Three minute video ads are the wave of the future and this isn't a fad. It is infusion marketing that reaches all the senses of the viewer including the sense of "INTEREST".
Three minute video ads that will sell your property.
Are you a buyer who lives out of state? Want to get a better look at interesting properties? You can actually get DVD's of whatever interests you.
Check out XCELMARKETING.NET also for other marketing ideas.
Saturday, April 19, 2008
WOWEE Real Estate Website
Active Rain is becoming one of the top real estate websites in America. It's packed full of information from every state. It has realtor blogs that allow the normal buyer/seller an insight into what goes on behind the scenes in real estate in YOUR area.
I'm from Jacksonville/Southside/Arlington/JacksonvilleBeach/Atlantic Beach and there are a lot of realtors that are from those areas that are on Active Rain. Try LOCALISM.com
If you need assistance locating, negotiating, financing or closing on a property let me know.
Richard Newquist
Beach & Luxury Realty
Jacksonville, Florida
904-422-5091
Sunday, January 13, 2008
Where have all the buyers gone?
According to the Florida Association of realtors, RE business in Jacksonville is down some 30% from 2006.
But 2006 listings and sales were way off from 2005!
So...from 2005 to 2008, the business is actually off some 40%. I have seen hundreds of "For Sale By Owner" signs go up...stay on the market for a year...and disappear...waiting for better times.
I have seen properties listed with brokers change brokerages two and three times...and they STILL DON't SELL!
Buyers don't realize it but in 2005, they would have gladly given their right arm for a market like this. They thought they would never be able to get into the housing market or get that investment property...prices were rising fast and furiously!
Today, prices are dropping, the pressure is off, the psychological urgency is gone...buyers don't see the need to buy that special house....TODAY. Why not wait 'till next month, "maybe the seller will get desparate and lower the price even more".
It's all about marketing, my friends. There are good deals on the market right now that aren't being bought. They should be sold but there they sit. The good deals need to be handled with more skill and agility.
Repo's are really a pain in the *ss. The contracts are totally one sided and the casual buyer shouldn't get involved. The Repo market is for the experts. Call me at 904-422-5091 if you want to find out the details. The average guy working a 50 hour week at a job have no business speculating in repo's.
Buyers: Wake up and take advantage of the good deals. Sellers: Make sure your price reflects the lower market demand.
Check out Active Rain.com, your real estate business school online...
But 2006 listings and sales were way off from 2005!
So...from 2005 to 2008, the business is actually off some 40%. I have seen hundreds of "For Sale By Owner" signs go up...stay on the market for a year...and disappear...waiting for better times.
I have seen properties listed with brokers change brokerages two and three times...and they STILL DON't SELL!
Buyers don't realize it but in 2005, they would have gladly given their right arm for a market like this. They thought they would never be able to get into the housing market or get that investment property...prices were rising fast and furiously!
Today, prices are dropping, the pressure is off, the psychological urgency is gone...buyers don't see the need to buy that special house....TODAY. Why not wait 'till next month, "maybe the seller will get desparate and lower the price even more".
It's all about marketing, my friends. There are good deals on the market right now that aren't being bought. They should be sold but there they sit. The good deals need to be handled with more skill and agility.
Repo's are really a pain in the *ss. The contracts are totally one sided and the casual buyer shouldn't get involved. The Repo market is for the experts. Call me at 904-422-5091 if you want to find out the details. The average guy working a 50 hour week at a job have no business speculating in repo's.
Buyers: Wake up and take advantage of the good deals. Sellers: Make sure your price reflects the lower market demand.
Check out Active Rain.com, your real estate business school online...
Saturday, September 1, 2007
Bush Pushes ARM Foreclosure Assistance
Richard Newquist, Realtor PN, Live At The Beach . net
HUD No. 07-123
Steve O'Halloran
(202) 708-0685
www.hud.gov/news/
For Release
Friday
August 31, 2007
BUSH ADMINISTRATION TO HELP NEARLY ONE-QUARTER OF A MILLION HOMEOWNERS REFINANCE, KEEP THEIR HOMES
FHA to implement new "FHASecure" refinancing product
WASHINGTON - President George W. Bush today announced that HUD's Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing.
In addition, FHA will implement risk-based premiums that match the borrower's credit profile with the insurance premium they pay-i.e., riskier borrowers pay more. This common-sense, risk-based pricing structure will begin on January 1, 2008.
"Many hard-working American families who were able to make their mortgage payments under the initial teaser terms of the exotic loan are now struggling to make ends meet because their rates have doubled or tripled," said HUD Secretary Alphonso Jackson. "FHASecure will bring stability to the housing market and give eligible families who were in good financial standing before their loans reset a chance to keep their homes."
The FHASecure initiative will operate under the same safe guidelines as the FHA's existing mortgage insurance program without affecting FHA's financial health. Eligible homeowners will be required to meet strict underwriting guidelines and pay a mortgage insurance premium, which offsets the risk to FHA's insurance fund at no cost to the taxpayer.
FHASecure, like all FHA products, will be underwritten to ensure the borrowers have the ability to repay the loan, will require escrow for taxes and insurance, and will continue to offer unprecedented foreclosure prevention assistance. The FHA has never permitted and will not include pre-payment penalties or teaser rates that are common in exotic mortgages and have caused much of the current market troubles.
To qualify for FHASecure, eligible homeowners must meet the following five criteria:
A history of on-time mortgage payments before the borrower's teaser rates expired and loans reset;
Interest rates must have or will reset between June 2005 and December 2009;
Three percent cash or equity in the home;
A sustained history of employment; and
Sufficient income to make the mortgage payment.
"FHASecure is designed for families who are good borrowers but were steered into high-cost loans with teaser rates," said Assistant Secretary for Housing-FHA Commissioner Brian Montgomery. "These homeowners, many of whom are minorities, need a safe, affordable mortgage product that will help build wealth. All FHA borrowers pay mortgage insurance premiums to offset claims to the FHA insurance fund and ultimately prevent risk to the taxpayer."
For more information about FHASecure and other FHA products, please call 1-800-CALL-FHA or visit www.fha.gov or www.hud.gov. For a list of your local homeownership center or a HUD-approved housing counseling center, go to www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm
HUD No. 07-123
Steve O'Halloran
(202) 708-0685
www.hud.gov/news/
For Release
Friday
August 31, 2007
BUSH ADMINISTRATION TO HELP NEARLY ONE-QUARTER OF A MILLION HOMEOWNERS REFINANCE, KEEP THEIR HOMES
FHA to implement new "FHASecure" refinancing product
WASHINGTON - President George W. Bush today announced that HUD's Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing.
In addition, FHA will implement risk-based premiums that match the borrower's credit profile with the insurance premium they pay-i.e., riskier borrowers pay more. This common-sense, risk-based pricing structure will begin on January 1, 2008.
"Many hard-working American families who were able to make their mortgage payments under the initial teaser terms of the exotic loan are now struggling to make ends meet because their rates have doubled or tripled," said HUD Secretary Alphonso Jackson. "FHASecure will bring stability to the housing market and give eligible families who were in good financial standing before their loans reset a chance to keep their homes."
The FHASecure initiative will operate under the same safe guidelines as the FHA's existing mortgage insurance program without affecting FHA's financial health. Eligible homeowners will be required to meet strict underwriting guidelines and pay a mortgage insurance premium, which offsets the risk to FHA's insurance fund at no cost to the taxpayer.
FHASecure, like all FHA products, will be underwritten to ensure the borrowers have the ability to repay the loan, will require escrow for taxes and insurance, and will continue to offer unprecedented foreclosure prevention assistance. The FHA has never permitted and will not include pre-payment penalties or teaser rates that are common in exotic mortgages and have caused much of the current market troubles.
To qualify for FHASecure, eligible homeowners must meet the following five criteria:
A history of on-time mortgage payments before the borrower's teaser rates expired and loans reset;
Interest rates must have or will reset between June 2005 and December 2009;
Three percent cash or equity in the home;
A sustained history of employment; and
Sufficient income to make the mortgage payment.
"FHASecure is designed for families who are good borrowers but were steered into high-cost loans with teaser rates," said Assistant Secretary for Housing-FHA Commissioner Brian Montgomery. "These homeowners, many of whom are minorities, need a safe, affordable mortgage product that will help build wealth. All FHA borrowers pay mortgage insurance premiums to offset claims to the FHA insurance fund and ultimately prevent risk to the taxpayer."
For more information about FHASecure and other FHA products, please call 1-800-CALL-FHA or visit www.fha.gov or www.hud.gov. For a list of your local homeownership center or a HUD-approved housing counseling center, go to www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm
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