Davidson Realty, Inc.

400 Families in 2019: Scottie Keck

October 31, 2019

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Posted by in News

Davidson agent Suzy Evans knows that selling a home—full of memories and cherished possessions—can be an emotional process. Her care in helping Scottie Keck to sell her home is a great example.

 

“Suzy is more than a real estate agent. She is really good in this area with her wealth of knowledge as well as the marketplace itself,” said Scottie. “She also brings a personal side that she feels what you are going through and understands this is a personal time of mixed sorrow and joy.”

 

Scottie and her husband purchased the St. Augustine home in 2014 with Suzy’s help. “After living in the area for two years, my husband passed. By this time, I had a good network of friends, which really made my life enjoyable.” However, after another three years, Scottie wanted to return to her roots in Texas to be near her children, grandchildren and great-grandchildren.

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Mirtha’s donation drive aims to help ALL families have a great Thanksgiving

October 29, 2019

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Posted by in Community Involvement, Events, News

 

Please join me in donating food, toys and household necessities to the Emergency Services & Homeless Coalition of St. Johns County so that families with children can have a warm and happy Thanksgiving.

 

My annual Thanksgiving drive will be at the Heritage Landing amenity center parking lot on November 16 from 12 to 3 p.m. It’s easy to donate.

  1. Just add a few of the items from the list below to your next grocery list.
  2. Purchase them during your next shopping trip and keep them in a bag by your door.
  3. Head over to Heritage Landing amenity center on Nov. 16 and drop them off. Easy as that!

Past Thanksgiving drives have brought in hundreds of bags of food, supplies and toys for families in need. I’m excited to continue the tradition and would love to surpass all previous years!

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The Northeast Florida real estate trends remain positive in September!

October 28, 2019

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Posted by in News, Northeast Florida Market Trends

The Northeast Florida Association of Realtors market stats show buyers are responding to the low interest rates available with pending sales of 2,396 for September. Pending sales are up 2% over last September
and 6% year-to-date. There were 2,500 closings in September which is up 7% month-over-month and 5% year-to-date.

 

The median sales price of $235,000 is up 8% month-over-month and 4% year-to-date. The average price of $272,154 is up 6% month-over-month and 3% year-to-date.

 

New listings of 2,963 are down 7% from last September, but we are almost even year-to-date. The inventory
of homes for sale dropped 12% from last September to 8,920 homes. The months supply of homes for sale dropped 15% to 3.4 months.

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Lender Tip: Don’t wait to get preapproved!

October 21, 2019

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Posted by in News

Delaney’s Lender Tip:  Get preapproved with a local lender six months before you are ready to buy to be the most prepared!

 

Many buyers I work with contact me with just two months or so left on their apartment lease. We complete an application, they immediately start looking for homes, and they close on the new home around the time when their lease ends.

 

While there’s nothing wrong with this scenario, these homebuyers may be missing out on the benefits of getting preapproved further in advance. Here are just a few of those benefits!

 

Many buyers qualify comfortably without any problems. However issues can pop up when we review their credit score and look at any late payments, collections, etc. Many times they mention they didn’t know something was on their credit report that was pulling down the score, or they ask me how to get their score higher.

 

These are issues that can be mitigated by getting preapproved earlier.

 

While moving is not always planned far in advance, I always recommend buyers to do a preapproval and application around six months prior to house hunting. This allots time for us to tweak any items on the credit report and increase the credit score before going under contract.

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Is a Down Payment Assistance loan right for you?

October 15, 2019

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Posted by in News, Northeast Florida Market Trends

Not having enough cash to make a down payment on a home is a common concern. But it doesn’t have to be the end of the road! I recently spoke with Mark Sherman of Atlantic Trust Mortgage, who provided valuable insights on another option: a DPA (Down Payment Assistance) loan.

 

Mark said in addition to understanding the ins and outs of traditional loan products (e.g. Conventional, Jumbo, USDA, VA, FHA), mortgage brokers are also responsible for being well-versed in a variety of niche and first-time homebuyer products. This includes knowing how and when these alternative products are valuable to buyers.

 

Key among these products is the DPA loan. Though there are 3% down, 3.5% down and even 100% conventional, government and USDA financing options, some buyers still can’t cover the down payment and closing costs. However, they might have good credit and the necessary income to qualify for the monthly payment.

 

For these buyers, Mark says the DPA portion of their financing is provided as a “second” mortgage “grant” that requires no payment (or a reduced interest-only monthly payment). Then they can apply the funds from their “grant” to their down payment and closing costs. In many cases, the buyer needs no cash at closing.

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