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32550 : Real Estate Advice

  • All11
  • Local Info0
  • Home Buying8
  • Home Selling0
  • Market Conditions0

Activity 17
Wed Mar 13, 2013
Michael Henderson answered:
It is covered in the association fee, content insurance is an additional cost if needed.
Below is a link to some good condos in the same area and price range

email me if you are interested in additional information
... more
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Sun Nov 25, 2012
Jim Olive answered:
Ebeck...I would highly recommend Key West. Great artsy, multi-cultural and tolerant community with large gay population. I am not gay, but have many friends here who are, including some great gay realtors, would be happy to provide some info. Best of luck on your decision...Jim ... more
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Mon Nov 18, 2013
Bonnie Hall answered:
Hello. A lot of high school students ride the bus from Destin to Fort Walton Beach High School. If you choose to drive your child it is also possible for him or her to attend Niceville High School. If I can assist you in your home search, call me 859-240-9901 or email I would love to help. ... more
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Sat Nov 10, 2012
Chris Lawson answered:
Hi Gayle! There is beach access that all Sandestin owners use. It is across hwy 98, however there are trolleys that will take owners to and from the beach.

The water is just as clear and beautiful in Destin. Particularly so where the Gulf meets the bay at crab island! Hope this helps! ... more
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Tue Jul 17, 2012
Myke Atwater answered:
Hello Pier,

Will try to give you a little more information here. The average price per sq ft in the Sandestin Resort for 3 bedroom attached single family homes is 185/sq ft.

Much of Sandestin Resort townhomes is rental property, but there are also many part time residents who have these as their second homes. Sandestin provides all of the outdoor care, making it a great place for part time residents, snowbirds, rental by owner. Often the condos are rented by weekly renters, but many of the townhomes (attached single family) are actually long term residents.

There are no direct comps over last couple of years--I looked--the last one to sell was 854 grand harbour, and it sold in 2008 for $710,000. A good way to figure might be to look at the percentage of decline in prices since 2008 and take that off the 710,000. Another thing to consider is that there is only one on the market, which indicates to me that the availability of them is rare, and at 575,000 is probably priced about right.

If I can help you with this or other information, please do not hesitate to contact me.

Myke Triebold, GRI, SFR, ABR
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Mon May 14, 2012
Scott Godzyk answered:
It will depend if you had a lease. In most cases once the auction is complete, someone will contact you who has been assigned the listing. They usually offer you cash for keys to move in a specified amount of time and offer you money to assist you in moving. You can contact an attorney to find out what FL law is regarding times. I hope things work out for you. ... more
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Wed Dec 18, 2013
Maria Sassano answered:
Whick condos is he referring to? Most of them in this area fit to conforming mortgage guidelines. There may be a couple that are not but the names will tell which ones.
0 votes 4 answers Share Flag
Sat Aug 20, 2011
Mark DeSalvo answered:
It is still under contract. It is currently scheduled to close the 1st of Sept but that could change. Sometimes there are delays which are not unusual.
Mark DeSalvo ... more
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Tue Jul 17, 2012
Myke Atwater answered:
Hello K Lindemann,

The market in Miramar Beach is pretty hot right now, properties are moving pretty quickly. Both are good investments at this time, but it depends on what you would like to use the property for. With a condo, you have the condo assoc fees which can be pretty pricey (but usually include insurance). If you plan on living in it, a house gives you more options but more responsibility. It really depends on what you want to do with it, how much you want to spend on the purchase, and what your financial resources are for maintenance.

If I can assist you in finding the right property, I would love to hear from you.

Myke Triebold, GRI, LMC
... more
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Tue Jul 17, 2012
Ed Arnsdorff answered:
Price trend was down but appears to be leveling off. What sold for 194,000 in
early 2010 is now selling for $ 180,000 plus currently withn one slightly better location that
sold for 205,000. ... more
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Tue Jul 17, 2012
Peter Mohylsky answered:
Plenty of properties are entering the market almost daily. Call me if you are still interested. i specialize in second and vacation homes.
Petter Mohylsky
Keller Williams, Emerald Prefered
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Tue Jul 17, 2012
Wanda Pitts answered:
In my opinion it is near the low, with certain areas heading back up. I predict there will be moderate appreciation for several years. It will be MANY years before we experience 2006 – 2007 prices.

Please feel free to contact me if you would like to discuss this in more detail. Great Question.

Jim Pitts
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Sat Feb 26, 2011
Casey Lang answered:
I think now is the right time to buy in the Destin area, including Sandestin. In general, prices have not really decreased in the last 6 months. The number of short sale listings (especially in the Miramar Beach & Sandestin area) has shrunk because so many of them have either sold or are under contract. I have noticed that many of the buyers right now are the serious investors who a) have money, and b) recognize a good opportunity when they see one.

I actually live in Sandestin. The fees are somewhat high, but Sandestin draws a lot of short-term vacation renters. The fees in the Village area are too high in my opinion, because of the 3 layers of fees involved. Every property owner in Sandestin must pay the quarterly Sandestin Owner's Association (SOA) fees, which are currently $358 per quarter. The SOA fees pay for a lot, including landscaping, road upkeep, and security. After that, each development or neighborhood has its own fees. Tourists like the beach, so I think your money is best spent on beachfront condos in Sandestin.

Casey Lang
ResortQuest Real Estate
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Fri Dec 10, 2010
John Paul Somers, Broker answered:
Hello and thank you for your inquiry.
The average actively listed price in Miramar Beach for the specifications you described is $340,000.
The average sold price per sq. ft. is $123, or $267,000, recorded on the local MLS year to date.
The link below contains sales activity for the subject area.
Please contact me any time if I may be of further assistance.
My direct # is as follows: (850) 259-9732.
Thank you,
John Paul Somers, Broker

Link -
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Wed Dec 11, 2013
Casey Lang answered:
Just a couple of years ago, I could have easily helped you find 90% financing or perhaps even better. Times have changed and all of the rules have changed. Sometimes it seems like they really do not want lend money - some of them are sitting on bailout funds and not lending it out.

Having said that, you may want to approach this as a 2nd home. If you plan to use the property for your own vacations, the terms might be a bit more flexible. You can always change your plans later, but the loan is based on your original intentions.

The 20% down requirement you are running into has nothing to do with Florida. Instead, the national Fannie Mae, Freddie Mac, and FHA guidelines are driving this and the major lenders have to follow these rules if they have any intention of selling their loans.

Your options are slightly better if you are buying a house instead of a condo, but only slightly so unless it is a primary residence. Believe it or not, your small hometown local bank may be a great option. If a bank offers a portfolio loan (their money, they hold the loan), they can offer whatever terms they choose. We are seeing more of these types of loans right now.

Regardless of what you do, good luck. Prices are unbelievably attractive right now.

I will be glad to answer any questions or offer any assistance.
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Thu Mar 25, 2010
It means the listing agent/realtor and seller are one in the same. This mean that the listing agent is the seller and will be profiting from the sale. ... more
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Wed Sep 12, 2012
Bill Eckler answered:
Hi Gary,

It's a good time to buy any where in Florida. Many people are asking when will we hit the bottom? It is fair to say, we are close enough to be able to negotiate, the right opportunity, to where you serious buyers could feel comfortable with their purchase.

The thing about real estate corrections is we won't know we are on the way back until it's too late to take advantage of the best opportunities. At this point the "best opportunities" can be created by identifying the right home, finding the truly motivated seller, and negotiating your best deal.

Good luck,
he "Eckler Team"
Michael Saunders & Company
... more
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