Davidson Realty, Inc.

Avoid Foreclosure: Get Help with your Distressed Property

August 31, 2009

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Posted by in Distressed Properties, Foreclosures, News

help with distressed propertiesAre you having trouble making your mortgage payments? You are not alone. The statistics are staggering. The Mortgage Bankers Association numbers as of August 20, 2009 show nationally 4.3% of all mortgages are in foreclosure and 8.22% are in default (30+ days late). That means 13.16% of 45 million mortgages are in distress.

A scarier statistic to me is that more than 7 out of 10 homeowners go into foreclosure without visible intervention. There are options for people facing foreclosure and there are people trained to help, specifically Realtors with the Certified Distressed Property Expert (CDPE) designation. Northeast Florida’s Davidson Realty has 19 agents with this designation able to help you.

Five major reasons why you want to avoid foreclosure:

  1. You will always have to disclose a foreclosure on any mortgage application and many job applications. A foreclosure is the most devastating credit issue you can have in relation to future credit availability.
  2. You will be ineligible for a government insured loan for 5 to 7 years (only 2 years in a short sale).
  3. Many current or prospective employers run credit checks. Foreclosure can put a current or potential position in jeopardy. Read more
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The Davidson Companies Named one of the Best Companies to Work For in Florida

August 26, 2009

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Posted by in Awards, News

Courtyard at Davidson CompaniesEarlier this month, the Davidson Companies was named the number two best company to work for in Florida by Florida Trend magazine.

The first statewide Best Companies list, The Best Companies to Work for in Florida appeared in the August issue of Florida Trend and on FloridaTrend.com.

The company is extremely proud of this honor. As a small business, the talents, skills and contributions of each and every one of their employees is respected and valued. Therefore, the company has worked to build an environment that makes its employees feel respected and happy in their jobs. “But without great, dedicated employees, that environment would not exist,” says vice president Sherry Davidson. “So this honor is really for each of our employees; who make The Davidson Companies one of the best to work for.”

The Best Companies To Work For in Florida program was created by Florida Trend and Best Companies Group. Companies that participated in the program underwent a two-part survey process that evaluated each company’s Read more

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Top 7 Northeast Florida Real Estate Agency

August 24, 2009

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Posted by in Awards, News

Northeast Florida Real EstateWe are proud to share that we are ranked number seven by the Jacksonville Business Journal for top residential real estate agencies in Northeast Florida. The Business Journal uses value of area houses and lots sold to compile the list each year. In 2008, which wasn’t the best year for real estate sales, our team of 24 agents generated over 100 million in sales!

We believe we continue to do well in this economy because of the work environment we have and the teamwork it promotes. We have a “No-No” jar where we have to put a dollar anytime someone says something negative. Amazingly this helps keep us positive in a light-hearted way. And since the funds raised go to charity, we feel pretty good even if we have to pay!

Every Friday, Jim Davidson, the owner of the company, cooks us lunch. It’s hard to do anything but smile when Jim hands you a burger cooked just the way you want. Because of little things like these, we have also been Read more

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Davidson Development Celebrates its 20th Anniversary

August 19, 2009

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Posted by in Awards, News

DavidsonRealty20YearsDavidson Development is celebrating 20 years of changing the face of Northeast Florida real estate! Under the leadership of company president and CEO Jim Davidson, the company is most recognized as master developer and the mastermind of The Neighborhoods of World Golf Village, the 6,300-acre community that paved the way for high-quality growth in northwest St. Johns County. The community is home to the World Golf Hall of Fame and two championship golf courses.

Davidson says “We’ve been very blessed as a company to have had such a successful run over the last 20 years and we look forward to the next 20.”

World Golf Village’s sales center opened 11 years ago and today the community has 3,465 homes and more than 11,000 residents. The community offers a variety of neighborhoods with homes priced from the low $100,000s to more than $2 million. At complete build out, the community will have 7,200 homes and more than 23,000 residents.

Davidson credits his partners for the company’s and community’s success. Read more

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Sherry’s Five Real Estate Facts For June 2009

August 17, 2009

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Posted by in Northeast Florida Market Trends

Each month the Northeast Florida Association of Realtors releases market statistics. I have pulled five of the most interesting facts from the month of June for you. To sum up the market, sales are better, closings are harder and prices are down.

1.  Pending sales increased 42.4% in June, 2009 over June, 2008.

We have seen a huge increase in home buyer activity in St. Augustine, FL. For several months, buyers were looking at homes but not making offers. At Davidson Realty we are seeing many more contracts written.

2.  Closings decreased 3.3% for the same period.

The buyers are getting homes under contract; however, the closings are taking much longer. It is taking longer for lenders to approve the buyer’s loan. There are more obstacles to closing a transaction, including new regulations that do not allow lenders to speak directly with appraisers. There are also many short sales where the homeowner owes more to the lender Read more

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