Monday, April 30, 2007

TERRIFIC NEW SAND KEY GULFFRONT CONDOS!

JUST LISTED!

1501 Gulf Blvd #108, South Bay on Sand Key




"You will say “OH WOW!” when you set foot inside this amazingly remodeled 1570 sq ft, 2Br, 2Ba unit in prestigious South Bay. Elevated above street level, this one-of-a-kind unit features countless premium upgrades such as: 18 in. diagonal tile…custom Kitchen cabinetry…thick granite counters…Stn Stl KitchenAid appliances…built-in Office cabinetry w/ matching granite counters… elegantly remodeled Baths…new 6 panel doors…decorative molding…full inside utility…textured ceilings…765 sf Lanai facing the Gulf of Mexico! Did I mention this unit is being offered FULLY FURNISHED at the discretion of the buyer (contemporary, less than 2 yo, only need you toothbrush!). Waterfront pool, remodeled Clubhouse, possible Exercise Room. Pet-friendly complex…TRULY A TREAT FOR YOUR SENSES!




1270 Gulf Blvd #1606, Harbour Light Towers on Sand Key



Enjoy this incredible 16th floor, direct Gulf-front unit on EXCLUSIVE Sand Key. Stunning views of Gulf of Mexico sunsets, Intracoastal sunrises and vistas north to Clearwater Beach. This unit has been immaculately remodeled by loving owners (not a flip property) with a completely NEW KITCHEN: Corian counters, custom cabinetry and new appliances. Tile throughout, 2 GORGEOUSLY remodeled bathrooms and a wide balcony compliment this beach home. Sold FULLY FURNISHED! Walk-in closets in both bedrooms. Harbour Light Tower features 24/7 security, mature tropical landscaping, under building parking and low monthly maintenance fees. One month minimum lease and the complex is PET-FRIENDLY (up to 20 lbs.)! One of the LEAST EXPENSIVE, pure Gulf front, 2 Bedroom condos on Sand Key!




Monday, April 23, 2007

Buyers and Sellers,

As you consider buying or selling, please remember this little fact: In a market like we currently have, the condo, SFH, TH, or villa is ACTUALLY A "FUTURE"! I know it sounds amiss, as futures trading is normally left up to mysterious stockbrokers in the boilerrooms of brokerage houses in Chicago and New York.

However, consider this: Buyers are hoping and praying that if they successfully bid and close on a property, that that property will be worth AT LEAST AS MUCH as they bought it for at closing 1 day, 30 days and ultimately for the rest of their ownership period. Face it - NO ONE wants to sell a home for less than they bought it for. That's why we see many of the lowest-priced properties in each complex selling - buyers are hedging that they will not lose VALUE in theproperty they purchase IF they purchase it low enough.

Sellers, you MUST understand this concept if you are serious and need/want to sell. In these uncertain times, you are selling less "bricks-and-mortar" and more "futures".

Each buyer is asking themself: What is the future of value for this property? Even my crystal ball is a bit cloudy on that subject.

Monday, April 09, 2007

http://www.freddiemac.com/dlink/html/PMMS/display/PMMSOutputWk.jsp?week=14&ending=20070405

MORTGAGE RATES CONTINUE LOW ACROSS THE BOARD IN FREDDIE MAC WEEKLY SURVEY

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.17 percent with an average 0.4 point for the week ending April 5, 2007, up slightly from last week when it averaged 6.16 percent. Last year at this time, the 30-year FRM averaged 6.43 percent. The 15-year FRM this week averaged 5.87 percent with an average 0.5 point, up slightly from last week when it averaged 5.86 percent. A year ago, the 15-year FRM averaged 6.10 percent.
Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.92 percent this week, with an average 0.6 point, up from last week when it averaged 5.88 percent. A year ago, the 5-year ARM averaged 6.11 percent.

One-year Treasury-indexed ARMs averaged 5.44 percent this week with an average 0.6 point, up slightly from last week when it averaged 5.43 percent. At this time last year, the 1-year ARM averaged 5.57 percent. (Average commitment rates should be reported along with average fees and points to reflect the total cost of obtaining the mortgage.)

"Mortgage rates have remained within a narrow band of 0.1 percentage points over every week in March," said Frank Nothaft, Freddie Mac vice president and chief economist. "This relative stability is due to mixed economic data releases as to how strong the economy is and whether future inflation will recede. One bright spot this week came from an unexpected increase in pending home sales for February, which suggests the housing market is still healthy.

"Looking forward, the upcoming March employment report and producer price index should offer further insight into the current state of the economy and give us an idea where interest rates are headed in the future."

Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than four million renters in America.

Monday, April 02, 2007

FORECLOSURES! FORECLOSURES!

If you want to get in on the groundfloor of the nation's leading foreclosure market, email me for a Foreclosure Investor Information Form - or just email me what you are looking for by clicking HERE.

http://www.richsellstampabay.com/foreclosures.php

Pinellas county has hundreds of active foreclosures and the banks don't want these properties back. Residential or commercial, waterfront or inland, condo/SFH/TH...with our exclusive relationships, we can get you in these newly foreclosed homes before they are offered to the general public.

Call or email me TODAY to get started...