Davidson Realty, Inc.

Brenda Williamson’s 4 tips for a seamless lending process

August 27, 2019

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Posted by in News

 

For many homebuyers, the lending process is full of potential obstacles that create delays and undue stress. There are, however, steps the buyer can take to mitigate many of these obstacles and make the process much easier. Lender Brenda Williamson provides four tried-and-true tips to help you pave a smooth road to the closing table:

 

1.) Understand the various options for YOUR situation.

It is important to work with a lender that will help plan a mortgage that is best for the buyer. A buyer may ask for the typical 30-year conventional fixed mortgage, but that may not be the best option for them. For a buyer with a lower credit score and down payment less than 20%, the monthly PMI (private mortgage insurance) payment would be muchhigher than necessary.

 

PMI is based on the amount you are putting down, the loan amount and credit scores. For buyers with higher credit scores seeking a conventional loan with less than 20% down, the monthly PMI amount can be very low. The higher the scores, the lower the PMI amount.

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All is Well in Northeast Florida Real Estate: July Market Stats

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Posted by in News, Northeast Florida Market Trends

All is well in Northeast Florida real estate this summer in the most recent report from the Northeast Florida Association of Realtors. The pending sales and closed sales are up, the median and average sales price are up, and the inventory of homes for sale and months supply of homes for sale are down.

 

There were 2,983 contracts written in July which is up 6% over last July and 6% year-to-date. The local data continues to be positive and in June the national numbers were also positive. A National Association of Realtors article says, “The Pending Sales Index (PHSI) – a forward-looking indicator based on contract signings – moved up 2.8% to 108.3 in June, an increase from 105.4 in May. Year-over-year contract signings jumped 1.6%, snapping a 17-month streak of annual decreases. The 2.8% increase is likely the start of a positive trend for home sales, predicts NAR Chief Economist Lawrence Yun.”

  • The closed sales in July of 2,820 were up 1% over last July and 4% year-to-date.
  • The median sales price of $242,000 is up 5% over last July and 2% year-to-date.
  • The average sales price of $283,038 is up 3% over last July and 2% year-to-date.
  • The inventory of homes for sale is down 7% from last July to 9,173.
  • The months supply of inventory is down 12.5% from last July to 3.5 months.
    Five to six months of supply is a balanced market.

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Frankee Gibbs joins sales team at Davidson Realty

August 23, 2019

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Posted by in News

We are happy to welcome Realtor Frankee Gibbs to our World Golf Village team! A Northeast Florida native, Frankee brings to Davidson a background in construction and law enforcement.

 

“Frankee has extensive local knowledge as well as solid experience in construction. Add to that her dedication to helping people, and it’s easy to see she will be a great asset to buyers and sellers,” said Sherry Davidson, President of Davidson Realty.

 

Born and raised in Jacksonville, Frankee spent the first part of her career in construction, and later worked in law enforcement. She also has experience renovating homes in her free time.

 

Frankee relocated to St. Augustine in 2017 and pursued a long-time interest in real estate.

 

In her free time, Frankee enjoys working on home renovation projects with her husband, interior decorating and touring model homes. She is also a mother of two; her son is a St. Augustine police officer and her daughter is a junior high school student.

 

She looks forward to working with customers throughout the First Coast.

 

Welcome to Davidson, Frankee!

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Five steps to prepare for your home inspection

August 22, 2019

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Posted by in News

If you have ever sold a house, you know the inspection is an important step to assess the condition of your home. As the homeowner, there are several measures you can take to ensure your home is ready for the home inspector and help you receive high marks on the inspection report.

1.) Make access easy. First and foremost, ensure the home inspector can conveniently access all areas throughout the property. This might include access to an attic, crawl spaces, garage, furnace room, under sinks and storage spaces. If they can’t get to an area of the home, then they can’t inspect it, which could turn into a red flag for buyers.

 

2.) Start where they typically do—outside. Check your home’s perimeter for structural issues, water damage, cracks, leaks, bug infestations, missing weather stripping, broken locks and so on. Be sure to check the roof, siding, gutters, eaves, windows and doors, as well as the A/C compressor area and outbuildings.

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400 Families in 2019: Shae Spitznagle & Lauren Carroll

August 21, 2019

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Posted by in Agent Feature, Community Involvement, News

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