Explore Real Estate Opportunities in Perdido Key with Realtor, Danny Head – Beach Colony Condos

Danny Head is one of the top sales agents on Perdido Key and he has been involved in more Beach Colony sales and listing transactions than any other single agent on the Key. Beach Colony Resort, a three building complex, is one of the most sought after, gulf front communities on the island, with a total of 214 units, two and three bedroom units and a few 4 bedroom summit houses.  Beach Colony offers 600 feet of dazzling beach, three swimming pools (one enclosed), hot tub, state of the art work out facility and clay tennis courts. Currently, there are 10 units for sale in the community.

The sparse availability of Beach Colony units is typical of what we are experiencing on the Florida side of the island. What in the past six years has been pretty much a Buyer’s market is slowly transitioning to a Seller’s market as our inventory decreases. At this time, there are only 70 gulf front condominiums available on the Florida side of Perdido Key.

September 2013 Monthly Market Reports

Fall is here and what a beautiful season along the Florida Gulf Coast!
As the Real Estate market continues to change and flourish, our Team at
Pointe South Real Estate Sales will keep you informed.

Contact us for our September 2013 Monthly Market Reports for additional information on Sold properties:

Great things are happening . . . . .

Pointe South at the Perdido KEYmunity Gumbo Run

On September 7th, 2013, the Perdido Bay United Methodist Church (BPUMC) and Barberi Heating and Air held the 1st Annual Perdido KEYmunity 5K Gumbo Run.  The 3.1 mile run/walk route was on Innerarity Point Road and brought together community members, athletes, families, and friends.  The run was set up to accommodate timing for athletes, while also inviting and fun for families.  And for a little extra excitement, a Krazy Kidz Run was setup to bring new adventure to the younger participants.

Operations Manager for Pointe South Residential Leasing, Tracy Jackson, completed the 5K.  Her two daughters, Kaylee (12) and Marissa (16) volunteered to help with the Krazy Kidz obstacles and youngest daughter, Kaylee, joined her mom at the 5K finish line (pictured below).  Tracy said the event was a success and she plans on attending in the years to come.

August 2013 Monthly Market Reports

As the Real Estate market along the Florida Gulf Coast continues to change and flourish, our Team at Pointe South Real Estate Sales will keep you informed.

The metropolitan area has had an increase in listings while both Perdido Key and Pensacola Beach have decreased in listings and sales.

Contact us for our August 2013 Monthly Market Reports for additional information on Sold properties:

MLS Active Listing Count Market Report

Perdido Key Pensacola Beach MLS
4/1/2013 153 228 3204
5/1/2013 160 238 3253
5/31/2013 158 241 3321
 7/1/2013  158  234  3336
8/1/2013 151 237 3404
9/3/2013 135 227 3507

Our door is always open to discuss property values, the current market and any questions you may have so stop by our office or contact us today.

Considering a Short Sale?

 Considering a short sale is never in the plans when it comes to owning your own home.  However sometimes things don’t work out just as planned and an owner may find themselves looking for a way out.  One thing for sure, during the short sale process an owner is going to need guidance and support and we understand that going to friends, neighbors, and acquaintances is not easy and most owners don’t want to share that they are facing hard times financially.

When an owner finds themselves facing these hard times, they need to know there are options.  The first thing we recommend is to make contact with the lending bank and see if a loan modification or another option is available. It is best to exhaust all efforts before deciding to sale, short sale or foreclosure on a home.  A foreclosure is a legal process in which the lender takes back the mortgaged property as a result of an owner not being able to keep current on the payments.  A short sale is when the bank agrees to accept less than the amount owed on the mortgage due to an owner not being able to keep current on the payments.

If all efforts have been made and the circumstances haven’t improved, this is the time to reach out to a licensed real estate agent for guidance.  A Realtor will not only look at your situation and guide you accordingly, but will explain the different processes to you in advance, support you through the process, and represent you along the way, taking as much weight as they can off of your shoulders.  Your Realtor will need your authorization to represent you and to allow the bank to disclose information on your account.  Maintaining constant contact between you and your lender, the Realtor will find out if you qualify for any assistance and what documents will need to be completed, compiled and submitted for review.

The lender may approve the short sale during the time the home is on the market and if not, the lender will review it at the time an offer is submitted.  At this time an offer may be accepted, countered, or denied.  It is important to know that even if the bank approves a short sale, they may or may not choose to waive the deficient balance.  In some cases, lenders require an agreement of payments to pay the remaining balance.  It is also important to know that lenders of second mortgages and HELOC may also need to approve the short sale.  While most short sales are closing in under 6 months, second mortgages, negotiations and other delays may postpone closing for numerous months.

Know that short sales are happening across the country and you are not alone.  A Realtor with experience and expertise in short sales will streamline the process for you and be there for any questions or concerns that arise during or after the sale.

Contact Broker, Susan Carleton, to refer you to a Pointe South Short Sale Expert.

If you are in the process of a short sale and are looking for a long term rental, please contact Pointe South Residential Leasing.

July 2013 Monthly Market Report

As the Real Estate market along the Florida Gulf Coast continues to change and flourish, our Team at Pointe South Real Estate Sales will keep you informed.

Contact us for our July 2013 Monthly Market Reports for additional information on Sold properties:

MLS Active Listing Count Monthly Market Report

Perdido Key Pensacola Beach MLS
1/2/2013 160 228 3214
2/4/2013 161 231 3227
3/1/2013 164 228 3205
4/1/2013 153 238 3321
5/1/2013 160 238 3253
5/31/2013 158 241 3321
 7/1/2013  158  234  3336

Our door is always open to discuss property values, the current market and any questions you may have so stop by our office or contact us today.

Earnest Money Deposits

Clients in the process of selling or buying real estate often misunderstand the meaning and process of earnest money deposits.  An earnest money deposit (EMD) is a good faith deposit to show the seller that the buyer is serious and has all intentions of fulfilling the purchase contract.

The area and the local market conditions will guide the Realtor in advising the buyer on how much the earnest money deposit should be.  There is no set amount but instead a general expectation of 2% of the purchase price.  Once a contract is fully executed by both parties, the buyer will provide their EMD to their Realtor, who in turn has it deposited into an escrow account for safekeeping.  Escrow Accounts can be maintained by banks, title companies, brokers, and many other businesses.  At the time the deposit is made, the money now is in holding and does not belong to the buyer or the seller.  The deposit will be applied to the purchase price however it is important to know that this is not a down payment.

In rare instances, a purchase will fall through and the contract between the seller and the buyer will be terminated.  Some sellers think that if a buyer backs out, the EMD is automatically theirs and some buyers think that if they don’t purchase the property, they are entitled; neither is correct.  Each and every contract and circumstance is different so there is no right way to disburse the EMD.  One thing for sure, the sellers and the buyers will need to mutually agree on the release and disbursement of the deposit.  This is the best resolution for everyone.  If an agreement cannot be reached between the parties on the disbursement, the deposit will remain in the escrow account and further action will be taken, up to and possible including legal action until a Disbursement Order is issued.  It is important to remember that once the earnest money is deposited, the real estate agents, the brokers, and the brokerages do not have any control over the deposit and are held to state laws on the handling of the deposit.

So whether you are interested in homes for sale in Pensacola or condos in Perdido Key, an earnest money deposit will be expected.  The amount of your EMD may also be a deciding factor if a seller is reviewing multiple offers.   This is an anticipated time for both parties and whether you are writing the check or accepting the offer, the earnest money deposit is the sign that your contract is official and you can start looking forward to closing.

2013 2nd Quarter Market Report

Great things are always happening at Pointe South. We want to be your choice for locally-owned and operated vacation rental, residential leasing and real estate services in Perdido Key, Pensacola and Coastal Alabama. Offering a variety of vacation and long-term rentals, as well as real estate, we have something to suit every taste, budget and dream of playing, staying and living along the shores of the Gulf Coast.

In order to keep you up to date on the local market, Team Pointe South is now providing Quarterly Market Reports to give you an overview of not only Real Estate, but also vacation and long-term rentals.

Contact us for our 2013 2nd Quarter Marker Report.

Our door is always open to discuss property values, the current market and any questions you may have so stop by our office or contact us today.

Beach Colony Condominiums with the Most Sales in the 2nd Quarter

The Beach Colony Condominiums have always been a highlight in Perdido Key, FL.  Consisting of three gulf front towers providing direct beach access with two dune walkovers, beautiful landscaping and the most extensive amenities, Beach Colony is the complex with the most sales in Perdido Key, FL the second quarter of 2013.

These gulf front towers provide direct beach access to 214 units.

Floors Units Penthouses Summits
East 18 68 12 0
Tower 20 75 12 4
West 18 71 12 0

All owners and guests appreciate the gated entrance, covered parking, and coded elevators.  With two outdoor pools, one interior heated pool, the only clay tennis courts on Perdido Key, and over 700’ of white sandy beach, the Beach Colony Condominiums will exceed all expectations.  The lush landscaping is designed for your enjoyment with yard swings for relaxing or grilling areas for your gatherings.

As with all condominiums, the Beach Colony Condominiums have quarterly dues, both Association Dues and Master Association Dues.  The Master Association Dues are fixed and are the same regardless of unit size.  The Association Dues are also per quarter; however they vary by condo and are based on the square footage.  Since each of the 3 buildings are unique, your Pointe South Real Estate Agent will be able to provide you additional pricing information.

During the second quarter, Beach Colony Condominiums had the most sales with 9 units of which 8 units were 3 bedrooms and 1 unit was a 2 bedroom.

Average Days on the Market:                       234

Average Sold Price:                                    $422,444

Average Price per Square Foot:                 $244

*Excluding the 2 bedroom unit, the average sold price for the 3 bedroom units’ increase 2%.

Visit Developments for current listings or see some of our most popular developments and complex’s in Pensacola, Pensacola Beach, Gulf Breeze, Perdido Key, FL and Orange Beach, AL.

June 2013 Monthly Market Report

As the Real Estate market along the Florida Gulf Coast continues to change and flourish, our Team at Pointe South Real Estate Sales will keep you informed.

Of the 151 brokerages in the Pensacola MLS, Pointe South Real Estate was 10th for the month of June with over $6.5 million in sales!

Contact us for our  June 2013 Monthly Market Reports for additional information on Sold properties:

MLS Active Listing Count Monthly Market Report

Perdido Key Pensacola Beach MLS
1/2/2013 160 228 3214
2/4/2013 161 231 3227
3/1/2013 164 228 3205
4/1/2013 153 238 3321
5/1/2013 160 238 3253
5/31/2013 158 241 3336

Our door is always open to discuss property values, the current market and any questions you may have so stop by our office or contact us today.