Davidson Realty, Inc.

Free Real Estate Webinars Start Next Week

October 30, 2009

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Posted by in Distressed Properties, Events, Foreclosures, Short Sales

Davidson Realty is offering a series of free, educational Webinars to home buyers, investors, real estate industry professionals and others interested in learning more about real estate.

As millions of American families are currently enduring the difficult prospect of foreclosure, the first series kicks off in November with three Webinars about the different opportunities available to families and individuals facing foreclosure.

The first series is designed to help homeowners who are in distressed situations understand their options with the foreclosure process. The following topics will be presented with this first series:

  • Nov. 5, 2009 at 10:00 a.m. EST – “Why you should avoid foreclosure”
  • Nov. 12, 2009 at 10:00 a.m. EST – “How to avoid foreclosure”
  • Nov. 19, 2009 at 10:00 a.m. EST – “More information on the short sale option” Read more
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Davidson Realty’s 25 CDPEs Help Northeast Florida Homeowners Facing Foreclosure

October 29, 2009

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Posted by in Distressed Properties, Foreclosures, Short Sales

DR CDPEsThe housing crisis and financial crisis in the U.S. are causing tremendous stress and heartache for millions of families across the nation who are affected by the prospect of foreclosure. A majority of those homeowners will endure the foreclosure process without the guidance, assistance or advice of real estate professionals.

Real estate professionals with the Certified Distressed Property Expert® (CDPE) designation have trained extensively to understand the options, solutions and most effective methods for dealing with homeowners facing hardships; and Northeast Florida’s Davidson Realty, Inc. has a Distressed Properties division and 25 CDPEs on staff to provide solutions for homeowners facing hardships in today’s market. Read more

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Putting Things Into Perspective

October 21, 2009

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Posted by in Distressed Properties, Foreclosures, Short Sales

DSCN0205Karen Palmer and I just returned from Atlanta, GA (my hometown) where we attended the Buffini & Company Turning Point Retreat. Brian Buffini is always a dynamic and entertaining speaker but he was very passionate about his message in this presentation.

Brian began the morning by discussing perspective. The economy and the real estate market are cyclical but when we are in a downturn like we have been for quite some time, it feels like it will last forever. We went through the history of the United States to reinforce that this too shall pass. The real estate market will rebound like it has every time before.

We looked at the National Association of Realtors statistics to understand how many Realtors have left our profession. Many of the Realtors with less experience and knowledge are no longer selling real estate, which only supports the fact that it is in your best interest to work with seasoned real estate professionals. Read more

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What is a Short Sale?

September 23, 2009

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Posted by in Distressed Properties, News, Short Sales

Short Sales Defined“Short sale” is a term I have heard a lot lately. I knew it referred to when a home owner sold their house for less than what they owed on it – with the lender’s approval. But I wasn’t exactly sure how it worked. So, when I was having coffee with Mirtha Barzaga – a Realtor at Davidson Realty, who is a Certified Distressed Property Expert (CDPE) and sells real estate and foreclosures in Jacksonville – I asked her about it.

She told me a story about a recent transaction she had done with her teammates, Juana Hausted and Pauline Cake, to show me how it works with the help of a professional. A Navy officer couple came to her when they were transferred from Florida to Virginia. They had bought a house they loved in World Golf Village three years ago, but the housing allowance wasn’t enough to keep it after their move. Mirtha explained they tried to modify their loan Read more

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How is the Real Estate Market?

September 18, 2009

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Posted by in Distressed Properties, Foreclosures, News, Short Sales

Sherry_DavidsonHow is the real estate market? I hear this question a lot. My answer lately has been that activity is up dramatically, but prices are not. Here are three trends that I like to watch.

1. Inventory levels
The number of active listings in the Northeast Florida Multiple Listing Service continues to decline. There are 14,945 properties for sale in August 2009 compared to 18,326 in August 2008. There are 18% less properties for sale. The months supply of inventory dropped from 17.1 months in August 2008 to 12.6 months in August 2009. Six months of inventory is when the market is most balanced.

2. Pending Sales
The pending sales in August 2009 are up 48% over August 2008. We have seen a large increase in the number of buyers looking for a home and the contracts that are being written.

3. Prices
The median sales price is down 17% from last year and 25% from two years Read more

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