Karen Branham's Blog.....Panama City Beach, FL and Beyond

Happy Days Are Here Again.....Sort Of...

2011-04-16T15:27:00.061-05:00

Ok, being in real estate I'm always asked "how's business Karen?" and for 2011 "IT'S BOOMING"! Many sellers, after having their homes on the market and seeing the values drop month after month are now pricing them more realistically, and buyers are taking advantage of the lower prices and great interest rates (which are climbing by the way). I don't want anyone to say "Oh man, I should have bought something in 2011". Listen to your realtor, BUY SOMETHING!

Enough about real estate, let's talk about something new at our house. I want to introduce "RUSTY", our new puppy who we found on Highway 98 scared, confused and searching for a fabulous family like ours, you know the type, the ones that spoil their animals rotten!

I'm sure you'll see RUSTY driving around with his new master Ron so be sure and have a cookie ready for him. Okay, better have a cookie ready for Ron, too!

When your friends, family and co-workers need a terrific agent, tell them you know one! Have a terrific month and remember....next month is my birthday!

Your Realtor For Life,

Karen

Karen Branham, CRS*, e-Pro, SRES, WCR, SFR, Broker Associate
*designation held by only 4% of Realtors

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Pending Home Sales....Going Up, Up, Up!

2011-02-05T16:19:00.037-06:00

Good news out of Washington:

"Jan. 27, 2011 – PENDING HOME SALES IMPROVED FURTHER IN DECEMBER marking the 5th gain in the past six months, according to the National Association of Realtors® (NAR). The Pending Home Sales Index, a forward-looking indicator, increased 2 percent to 93.7 based on contracts signed in December from a downwardly revised 91.9 in November. The index is 4.2 percent below the 97.8 mark in December 2009. The data reflects contracts, not closings, which normally occur with a lag time of one or two months."

“In the past two years, homebuyers have been very successful, with super-low loan default rates, partly because of stable home prices. That trend is likely to continue in 2011.” Yun said. “The latest pending sales gain suggests activity is very close to a sustainable, healthy volume of a mid-5 million total annual home sales.” Pending home sales in the South jumped 11.5 percent to an index of 101.9 and are 1.7 percent above December 2009."

Buyers, the question for you, "Do I pay $300,000, 4.5% interest, at $1520 per month now, or wait a couple of months to get a great deal at $280,000, 5.5% interest, at $1590 (that's $70 more per month)? Buyers, pick up the phone and call me, quickly! Plus, to my awesome current and future sellers, same goes for you!

On a personal note, Ron and I managed to escape last week to Miami to enjoy the ING Miami Marathon (26.2 run for him, 5K for me). From there we continued on to Key West for a couple of days (and we still managed to close 4 properties in January)! If any of you have always wanted to "experience" Miami and Key West but haven't made it there yet, make sure it's on your bucket list. My only suggestion is lose 10 pounds before you visit or bring your stretchy pants because the food is incredible! Here's to a terrific week for everyone!

Your Realtor For Life,

Karen

Karen Branham, CRS
Broker Associate, SRES, SFR, e-Pro
Short Sales & Foreclosures
Coldwell Banker United Realtors
Cell: 850-832-8626 Email: karen@karenbranham.com

Karen Branham's Blog...Panama City Beach & Beyond: "Panama City Beach, Florida and Beyond", Where Real Estate is Looking Good!

2010-12-09T22:30:00.000-06:00

http://www.LivingTheFloridaLife.com

"Where Real Estate is Looking Good!"

2010-12-09T15:54:00.043-06:00

Recent real estate statistics: 1608 - number of homes that sold in Bay County this year through November, 879 - number of condos that sold this year. Properties are selling! I've had an incredible year in real estate, and I am convinced if your property is priced right, there are qualified buyers out there to buy it! Rates continue to hover around 4.25 to 4.5%, up slightly giving new buyers a slight increase in their mortgage payments, thus giving them slightly less buying power. If you are on the fence and not sure if it's time to purchase, MSN projected the Panama City Beach area to be one of the Top 10 Housing Markets in the U.S. through 2014. We all know, 2014 is just around the corner!

This past month was also exciting for Northwest Florida as our local economy got a boost with our out of town visitors who participated in Florida Ironman, including my very own Ironman, RON BRANHAM!
For anyone completing an Ironman of 2.4 miles of swimming, 112 miles on a bike, and then finishing off with a 26.2 marathon, hats off to you. I, on the other hand, am quite content with my recent accomplishment, finishing Panama City Beach's "Run for the Redfish" 5K. Anyone thinking of getting back into shape, no matter what your age, completing a 5K is a great way to start.

Finally, thank you EVERYONE for your incredible support and trust. I am always honored and humbled to be your Realtor! Here's to a terrific holiday season, and may 2011 bring you all PEACE, LOVE, GOOD HEALTH AND GREAT SUCCESS!

Your Realtor For Life,

Karen

HAPPY HOLIDAYS!

Karen Branham
Certified Residential Specialist
Short Sale & Foreclosure Specialist
Broker Associate
Coldwell Banker United Realtors
Cell: 850-832-8626 Email: karen@karenbranham.com

Happy Halloween in Panama City Beach!

2010-10-16T11:56:00.033-05:00

Two important happenings going on in Panama City Beach

BREAST CANCER AWARENESS MONTH
It's National Breast Cancer Month during October. Many of us have been touched by some one who lost their life to this horrible disease. If you have an important lady in your life, or if YOU need to get in there for your annual checkup, now is the time to make the appointment. Yes, it involves a couple seconds of "ow, ow, ow, ow, ow. Then, it's over. Make that appointment today ladies!

2010 IRONMAN FLORIDA - NOVEMBER 6, 2010.
Yesssssss! My incredible husband (might I add incredibly physically fit husband) RON BRANHAM is competing in his first IRONMAN FLORIDA! All the early morning runs, early swims with the jelly fish, and bike rides on the long lonely roads, not to mention my months of interrupted sleep at 4:00 am each day, has lead us to the big event -- IRONMAN FLORIDA 2010!!! The week before the race around Nov. 1 we expect visitors from all over the world so let's welcome them with open arms. While Ron is swimming 2.4 miles, biking 112 miles and running a 26.2 mile marathon, the rest of us slackers will be hanging out at TEAM CCR (Carla, Chloe and Ron) headquarters (Campsite #11 across the street from the start/finish line near Spinnakers. If you want to stop by and support Ron, Carla and Chloe, feel free. Camper will be there beginning Thursday through Sunday.

GO IRONMAN RON!!!!!!

As always, your AWESOME referrals keep me in business so text me, call me or email when you have someone that needs to buy or sell within the next 30 days. You KNOW I'll take great care of them!

Here's to a safe, fun-filled Halloween month!

Your Realtor For Life,

Karen Branham, CRS, Broker Associate, SRES, SFR, e-Pro
850-832-8626
Website: www.KarenBranham.com
Email: karen@karenbranham.com

5 Mistakes Home Buyers Make

2010-09-02T12:53:00.009-05:00

I want to share this article published yesterday in the Wall Street Journal. Useful info for all of my past, present and future buyers!

By SARAH MAX
Home buyers are an increasingly rare breed these days. Many who were eager to buy a house raced to take advantage of federal homebuyer tax credits. When those government perks expired in April, home sales essentially went into deep freeze, plummeting to levels not seen in more than a decade, according to the latest numbers from the National Association of Realtors.

Still, the Realtors project that nearly 4 million existing homes will sell in 2010. First-time buyers, without the burden of a home to sell, could benefit from the foul market–and the record low mortgage rates.

But woe to the overconfident buyer. Here are five common missteps that first-time home buyers make.

1. Snubbing the real estate agent

With so many websites offering a mass of data on listings, who needs an agent? Most people, actually. Finding a house and figuring out comps–the price of comparable homes on the market–is the easy part. Managing the nuances of offers, inspections, financing and all the other pivotal steps to buying a home is where many new buyers tend to get tripped up, says Shii Ann Huang, an associate broker with The Corcoran Group in New York.

When you hire an agent to act as your "buyer's representative," she's obligated to put your interests first, even if her commission is paid by the seller and based on the sale price. Skeptical? That's all the more reason to find an agent on your terms. Ask friends and acquaintances for referrals and interview two or three candidates before deciding.

But don't let the agent find you. When Viviane Ugalde and her husband, both physicians, bought their first home in Sacramento nearly two decades ago they made this mistake. "We stumbled onto an agent when she saw us peeking in the windows of an empty house for sale," Ms. Ugalde recalls. The agent, who happened to live on the same block, came out of her house (wearing pajamas), offered to show the couple around the neighborhood, and ultimately helped them find a house. Then the agent, who was new to real estate, neglected to show up for the closing. "It was scary and confusing signing what seemed like a thousand pages," says Ms. Ugalde.

2. Guesstimating how much you can afford

Many buyers mistakenly take a do-it-yourself approach to financing. They use online calculators to estimate how much house they can afford, dive into the house hunt and then get a dose of cold water when lenders refuse to qualify them for that amount. "The process is so different than it was four or five years ago," says Diann Patton, a broker with Coldwell Banker in Grass Valley, Calif. Not only are lenders reading loan applications closely, she says, they're verifying employment and running credit checks multiple times during the process.

Make a date with a mortgage broker or banker before you get serious about your search, says Ms. Patton. Remember, too, that the costs of buying and owning a home go well beyond the sticker price. While online calculators do take into account property tax and insurance, it's up to you to account for maintenance costs, moving fees and association dues.

3. Letting charm cloud your judgment

No one will fault you for falling hard for a charming older home. But, unless the house has been painstakingly remodeled or you're prepared to pay for repairs and upgrades, an old house can quickly lose its allure. Last year Alison Koop, a public relations manager for the University of Washington, came dangerously close to saying "I do" to a seemingly fabulous mid-century home in northeastern Seattle. Ms. Koop was so smitten with the big windows and vaulted ceilings in the living room that she neglected to notice the exposed wires, shoddy roof and other structural problems. Any delusions Ms. Koop had were laid to rest in the guest bathroom. "When the inspector turned the faucet on," she says, "the spigot fell off, hitting the floor of the tub with an exclamatory thunk."

If you're considering an old home, don't let the inspection be your last line of defense, says Jay Papasan, vice president of publishing at Keller Williams Realty. "Negotiate a long due diligence period," he says. That gives you time to get real estimates from contractors and back out if need be.

Of course, new homes aren't without their drawbacks. Recently, many newly built homes experienced serious problems with Chinese-made drywall, for example. Proceed with care whatever the home's age.

4. Focusing on the house, not the hood

In hindsight, many buyers say they wish they'd taken their due diligence a few steps further to really get to know all the perks, quirks and hassles of living in a particular place. You can always fix up the house, but there's no easy remedy for annoying neighbors, oppressive homeowner association rules and marathon commutes. When Laurie Tarkan and her husband bought their first home in 2001 they were so infatuated with the circa-1924 three-bedroom cottage that–in addition to brushing over some of the headaches of an old house –they didn't give a whole lot of thought to its somewhat out-of-the-way location about a mile from downtown Maplewood, N.J., a popular New York suburb. "As a first-time buyer you're not aware of all the things you should think about that aren't about the house," says Ms. Tarkan, who after living in New York City for 17 years, still hasn't gotten used to driving everywhere.

Spend as much time as you can in your future neighborhood, ideally on different days and times. Eat in the restaurants, drop in a yoga class, test drive your commute.

5. Making arbitrary offers

With housing inventory running high and sales at record lows, in most markets, there's no shortage of houses for sale and sellers desperate to get out from under them–all the more reason to hold out for the right house and the right price. But when you find that perfect house, don't assume you can lob a lowball offer or make unreasonable demands. Even in hard-hit markets, nice houses in desirable neighborhoods are fetching multiple bids.

If the house has been on the market for months, you probably don't need to worry about other buyers lining up behind you. Make an offer based on recent sales for comparable homes, foreclosure activity and market trends, and don't be afraid to start the bidding low. If the house is fresh on the market (or recently foreclosed) and other buyers are circling the block, put your best foot forward but don't get suckered into a bidding war.

Everyone, please remember we have a good amount of inventory right now and together, we'll find you that "just right" property! Have a safe, fun-filled Labor Day Weekend at the beach, Pier Park or where ever you are this holiday weekend!

As always, I'm here to take care of ALL YOUR REAL ESTATE NEEDS!

Your Realtor For Life,

Karen Branham, CRS*, SFR, SRES, e-Pro, Broker Associate
Coldwell Banker United, Realtors
726 Thomas Drive
Panama City Beach, FL 32408
(850) 832-8626
Visit me at http://www.KarenBranham.com

*CRS - Designation earned by only 4% of Realtors Nationally

PANAMA CITY BEACH....THE FUTURE IS BRIGHT!

2010-08-10T00:05:00.011-05:00

WOW! I AM SO EXCITED TO SHARE THIS LONG AWAITED YET EXPECTED NEWS ABOUT OUR BEAUTIFUL AREA! No, it's not about BP, nor the grand celebration of our very own Panama City Beach International Airport, but it's the expected optomistic and exciting news release regarding our HOME VALUES!

If you did not catch the article last week regarding America's Strongest Housing Markets in 2014, here's a recap with some local stats.

Biggest home price increase projected in 2014:

Coming in #6 in the United States:

PANAMA CITY-LYNN HAVEN-PANAMA CITY BEACH METRO AREA.

Forecast 4-year price increase: 26.9 percent
Current median price: $158,669*
Prices to reach trough in: 2010 Q3
Median family income: $53,800
Population: 164,770

Home prices in the Panama City area fell about 27 percent after hitting a peak between 2005 and 2006, according to the FHFA home price index. Agents have shared the feeling that our local market was stabilizing earlier this year, but the BP oil spill led some buyers to cancel their contracts and rethink about buying in the area. Despite the area’s large number of foreclosures (1.93 percent in the first half, according to RealtyTrac), agents believes the new Beaches' International Airport which opened in May would help stimulate our local economy. The area's unemployment rate reached 12.1 percent in January and dropped to 9.3 percent in June, according to BLS data.

After many buyers who were sitting on the fence realized that our beaches were not closing due to the BP situation and that the area was still a great market to invest in, plus with interest rates at the lowest rates we have seen in perhaps the last 10 years, buyers decided to hit the streets again for some great deals.

I personally have had a better first year in 2010 than in 2009 so I am even more excited to see how we finish the year in 2010. I know sunny days are ahead!

So, buyers, call me now so I can find you the best deals on the beach! Sellers, if you have wanted to move up and could not afford to before, now you can buy that new home at an incredible value before that "move up" home value is no longer within reach!

Have a terrific end of sunmmer, watch out for our returning students beginning Wednesday when school opens, and remember, there is LIGHT AT THE END OF THE TUNNEL!

Your Friend and Professional Realtor, Karen

Karen Branham, CRS*
Broker Associate, SFR, SRES, e-Pro
"Exceptional Service"
Coldwell Banker United, Realtors
850-832-8626
http://www.KarenBranham.com

*CRS - Designation Earned by ONLY 4% of Realtors Nationally

WHAT'S NEW IN PANAMA CITY?

2010-06-28T13:11:00.009-05:00

So, now we know what that crazy upside building is on Front Beach Road! It's "WonderWorks"! What??? Yes, now friends and family from out of town, and even us locals, can enjoy this long awaited new attraction. "WonderWorks", the largest indoor attraction in Panama City Beach, is located right across the street from "Ripley’s Believe It or Not" Museum, talk about convenient. It is a four-story, 39,000-square-foot attraction filled with entertainment, including 100 interactive hands-on exhibits, small rides, video games, a gift shop and more. I think we'll take the family and check it out this summer.

Next, although it's been open for a few weeks now, if you have not visited our new International Airport, take a drive out there to see what the excitement is all about. My youngest daughter Erin flew into the new airport last week and parking and picking up travelers was very quick and easy.

Also, what's new on the beach? Nothing, we still have our gorgeous beaches, sun worshipers, and of course swimmers! My husband went out diving this past weekend and brought home lots of delicious fish, too.

Finally, don't forget our Summer Concerts have started at Pier Park, every Thursday between 7 - 9 pm, bring that cool drink and your lawn chair, maybe even bring along your local real estate magazines to check out the great deals still available in Panama City!

When you are ready to buy or sell, just let me know!

Have an AWESOME week and a safe July 4th holiday weekend!

Your friend and REALTOR for life, Karen

Karen Branham
Certified Residential Specialist (designation held by only 4% of Realtors Nationally)
"Exceptional Service"
Coldwell Banker United, Realtors
Email: karen.branham@cbunited.com
Website and blog: http://www.karenbranham.com
Direct: (850) 832-8626

Florida's Home and Condo Sales Rise in March 2010

2010-05-24T14:29:00.006-05:00

I am thrilled to post this optimistic news which came out with the latest housing data for the state of Florida.

Florida’s existing home, condo sales rise in March 2010. Existing home sales rise on buyer tax credit, favorable market conditions.

ORLANDO, Fla. – April 22, 2010 – Florida’s existing home sales rose in March, which means that sales activity has increased in the year-to-year comparison for 19 months, according to the latest housing data released by Florida Realtors®.

Existing home sales increased 24 percent last month with a total of 16,294 homes sold statewide compared to 13,090 homes sold in March 2009, according to Florida Realtors. Statewide existing home sales last month increased 37 percent over statewide sales activity in February. Also noteworthy: While March’s statewide existing-home median price of $137,000 was down from the same time a year ago, it was 4.3 percent higher than February’s statewide existing-home median price.

Florida Realtors also reported a 63 percent increase in statewide sales of existing condos in March compared to the previous year’s sales figure; statewide existing condo sales last month rose 40.6 percent over the total units sold in February. Though March’s statewide existing-condo median price of $96,900 was down compared to the year-ago figure, it was 5.1 percent higher than February’s statewide existing-condo median price.

Seventeen of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales in March while all MSAs had higher condo sales. A majority of the state’s MSAs have reported increased sales for 21 consecutive months.

Florida’s median sales price for existing homes last month was $137,000; a year ago, it was $141,300 for a 3 percent decrease. Industry analysts with the National Association of Realtors® (NAR) note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

The national median sales price for existing single-family homes in February 2010 was $164,300, down 2.1 percent from a year earlier, according to NAR. In California, the statewide median resales price was $279,840 in February; in Massachusetts, it was $271,950; in Maryland, it was $237,446; and in New York, it was $225,000.

NAR’s latest outlook anticipates a rise in home sales in late spring, which should help to absorb inventory. Increased pending sales is a positive sign for home prices, which are continuing to stabilize, according to NAR Chief Economist Lawrence Yun.

In Florida’s year-to-year comparison for condos, 7,148 units sold statewide last month compared to 4,387 units in March 2009 for an increase of 63 percent. The statewide existing condo median sales price last month was $96,900; in March 2009 it was $108,500 for an 11 percent decrease. The national median existing condo price was $170,200 in February, according to NAR.

Interest rates for a 30-year fixed-rate mortgage averaged 4.97 percent last month, down from the average rate of 5 percent in March 2009, according to Freddie Mac. Florida Realtors’ sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Among the state’s larger markets, the Sarasota-Bradenton MSA reported a total of 1,055 homes sold in March compared to 765 homes a year earlier for a 38 percent increase. The market’s existing home median sales price last month was $163,800; a year earlier it was $150,000 for an increase of 9 percent. A total of 382 condos sold in the MSA in March compared to 226 units sold the same month a year earlier for an increase of 69 percent. The existing condo median price last month was $146,400; a year earlier, it was $129,000 for a gain of 13 percent.

So, let's keep the momentum going! We still have AWESOME mortgage rates, heavy inventory and some great deals out there! Let me know when you are ready to buy!

Have an awesome, safe, patriotic Memorial Day!

Karen Branham, CRS*
"Exceptional Service"
Coldwell Banker United, Realtors
Call me at 850-832-8626
Website and Blog: http://www.KarenBranham.com

CRS - Certified Residential Specialist - a designation held by only 4% of Realtors Nationally

It's 2010 - How's your "Bucket List" coming along?

2010-04-06T15:01:00.011-05:00

Instead of jotting down my annual goals this year which I have done for the past 10 years, I decided to work on my "bucket list" (a.k.a. "100 Things to do before I die"). Whether it's buying your first home, traveling to Australia, parachuting out of a plane, or just getting on an airplane, at some point we realize life is flying by and I don't want to be on my death bed saying, "gee, I wish I had.....".

Hence, the beginning of my "bucket list". I always wanted to get more involved in our awesome community. However, the idea of getting up in front of a room full of people makes me lightheaded. In order to overcome this fear, I've become involved in the Bay County Association of Realtor's Leadership program. I even have to go through TOASTMASTERS, talk about being out of my comfort zone!

Another item on my "bucket list" may seem small to many, to me it was huge - complete a 5K. I figure if my husband Ron can complete the Gulf Coast Triathlon (swimming a mile, biking over 50 miles, then running a 1/2 marathon (and after brain surgery), surely I can finish a 5K. I am glad to announce I ran in and completed my first 5K on Sat., April 3, 2010. On to the next item on my list....

Why do I mention my "bucket list"? Because life does pass us by before we know it. So, if you have been thinking about buying that first home, move up home, or maybe downsize so you can spend more time with the grandkids or your loved ones, now is the time. WHY? Rates are low, there's a large amount of inventory to choose from, it's a great time to afford a "move-up" home or become a landlord.

Maybe your "bucket list" includes living on a tropical island? Hey, I can find that for you too!

Good luck with YOUR bucket list and here's to a fabulous, healthy, successful 2010!

Karen

Karen Branham, e-Pro, SRES, Broker Assoc., SFR
"Exceptional Service"
Coldwell Banker United, Realtors
(850) 832-8626 or visit me at www.KarenBranham.com

What I Know For Sure In 2010

2010-02-02T23:39:00.020-06:00

As we fully embrace the first quarter of 2010, I would like to share with everyone a few things that I know for sure. One, I know how grateful I am to be born in this amazing country. I know for sure I am grateful for the business relationships I have built up over the years. I have not only enjoyed the business aspect of real estate, but I have also enjoyed the friendships that have come with it. I have enjoyed helping my buyers and sellers with their real estate endeavors. Whether it was a challenging short sale or a relocation due to a job transfer, or maybe I helped you with your first home or it was time to enter a new chapter of life called retirement, I have enjoyed our journey together and look forward to working with you again.

I know for sure I have an incredible family and support system. I have two amazing daughters, Katie 19, Erin 15, and I know my life has been full of many things including side-splitting laughter and deep love because of what they bring to this world. I know for sure I was meant to be a mother.

I know for sure that I have the most incredible husband a girl could ever ask for. Ron and I have been married for 24 years. He has been along for this ride that we call life, through the ups and downs and there is no other "gentleman" (in every sense of the word) that I have enjoyed spending my life with and look forward to spending the next 50 years with. I know for sure he has been my source of strength, my rock, my cheerleader, my friend (and a few other things I can't mention), and I know for a fact he has taught me so much in life. I know I would not truly understand the power and meaning of kindness, sharing, bravery, strength, compassion, compromise, dignity, friendship, confidence, self worth, humor and of course love, had he not taught me. I know I am a lucky girl.

I know 2010 will continue to be a challenge for many, whether it's personally, professionally, health wise or maybe spiritually. I know I will smile when I see my dog optomistically wait at the pantry door for her cookies. I know I will continue to drive my family crazy, I will look forward to date night as well as a laugh or two at my girls night out. I will look forward to the sun coming up each morning, as well as look forward to being greeted at the office by my extended Coldwell Banker family.

Finally, I know for sure that I have no idea what the new day will bring, but I do know for sure, I will optomistically look forward to it!

Happy Valentine's Day to Everyone! Karen

Karen Branham, e-Pro, SFR, SRES
USAA Certified, Broker Associate
Coldwell Banker United, REALTORS
Direct: 850-832-8626
Visit me at http:www.KarenBranham.com

Panama City's Star Looks Bright in 2010

2010-01-01T22:41:00.017-06:00

The following article comes from the News Herald's Fri., Jan. 1, edition. We all love optomistic news like this!

SCARLET SIMS / News Herald Writer

PANAMA CITY — Panama City’s economy will be a shooting star during the next two years, local business leaders and economists said Thursday.

“The future is really bright for Panama City,” said Rick Harper, director of the University of West Florida’s Haas Center for Business Research and Economic Development. “2010 is the year to be pulling out of the economic trough. It is really the recovery year.”

This past year hit Bay County hard. Median home and condominium sale prices have plummeted, foreclosures are up and unemployment is high. Last month, Bay County reached 10.7 percent unemployment and it may go higher, economists say. Harper said Bay County’s economic woes are bottoming out. Next year will be better, especially the second half when the economy begins to rebound, he said.

Bright spots persisted in 2009 and will continue next year, said Beth Oltman, Panama City Beach Chamber of Commerce president. Area leaders pointed to Southwest as the No. 1 event impacting the business community in 2009. Southwest Airlines’ decision to be the low-cost carrier for the new international airport means Bay County is poised for growth, they said.

“We’re all living on the hopes of the new airport,” Oltman said.

Southwest is drawing the interest of other companies wanting to locate at the new airport’s industrial park, setting the stage for a better 2010. Harper said Southwest will draw tourists and military contractors.

“Southwest is going to be huge for Panama City and South Walton,” Harper said.

More companies mean more jobs, said Kim Bodine, Gulf Coast Workforce Board executive director, in an e-mail. She expects the local recovery to have fits and starts, but joblessness should lessen in 2010. Southwest’s decision increases the area’s visibility and opens the market for more visitors, which will immediately help the tourism market.

“It really broadens our reach,” Bodine said.

Bay County must work to bring more jobs to the area to recover fully from the worst recession in at least 20 years locally. Banks must be confident in loaning money, the county or state must offer incentives for new companies to locate in Bay County and the county must do what it can to be a business-friendly community, Bodine said. The airport is a great start, she said, but the workforce should still consider retraining or improving skills to meet future business demands.

In the short term, this spring’s tourism turnout is expected to be strong, Oltman said. Bodine hoped to expand existing businesses or bring in enough new companies to offset job losses when the tourism season ends.

“With the opening of the airport in May of 2010, this region will begin to see a surge of activity that we have probably never experienced and will assist us in a rapid recovery from the economic downturn,” said Bay County Chamber of Commerce President Carol Roberts in e-mail.

That growth probably won’t be strong until 2011, but when it hits, it will be faster than Tallahassee’s recovery and most of Northwest Florida, Harper said.

“I think the stage is set for robust growth in Panama City,” Harper said.

MAY THIS NEW YEAR BRING YOU GOOD HEALTH, HAPPINESS AND TERRIFIC REAL ESTATE VALUES! Karen

Karen Branham, REALTOR
Associate Broker, e-Pro, SRES, SFR
Coldwell Banker United, REALTORS
THE BRANHAM TEAM
"Exceptional Service"
726 Thomas Drive
Panama City Beach, FL 32408
Direct: 850-832-8626
Email: karen.branham@cbunited.com
Visit my website and blog at http://www.karenbranham.com

Please share my name with your family, friends and colleagues.

Got Your Home Exemption?

2009-12-20T17:22:00.016-06:00

This post is a reminder for everyone regarding your Homestead Exemption.

What is the Homestead Exemption? A homestead exemption reduces the taxable value of the property that you use as your permanent residence by an amount up to $50,000. This represents a substantial savings on the taxes levied against your property by the various taxing authorities.

Who May File. Every person who has legal or equitable title to real property in Florida and who has recorded the title instrument in the public records of the county where application is made. The applicant must reside on the property as of January 1st and must in good faith, make it their permanent residence to be eligible. For example, if you were residing in your permanent residence on Jan. 1, 2009, then you are eligible for a 2009 homestead exemption.

When to File. Exemption applications must be made between January 1st and March 1st for the tax year eligible. For example, if you are living in your permanent home on January 1st, 2009 then you have until the close of business of March 1, 2009 to file your homestead exemption for that year. Failure to make application by March 1 of the tax year shall constitute a waiver of the exemption privilege for that year. Homestead exemption applications may be filed after March 1, but the exemption will be applied in the next tax year. For example, if you move into your permanent home on April 1, 2009 you may file for your 2010 exemption anytime from April 2, 2009 through March 1, 2010.

Where to File:
Bay County Florida Property Appraiser's Office
860 W. 11th St.
Panama City, FL 32401
Office: (850) 248-8401
Fax: (850) 248-8447
Hours: 8AM-5PM CST Monday-Friday

Beach Office
301 Richard Jackson Blvd.
Panama City Beach, FL. 32407
"Inside Panhandle Educators Federal Credit Union"
Branch Manager: Vern Mathis
Phone: 850-236-3234
Fax: 850-236-3236
Hours: 9:00 to 5:00 Monday through Friday

Only one signature is required for joint owners who are married with the same last name; however, all documentation listed below must be provided. All signatures are necessary if owners who occupy the home have different last names.

The Following Information Is Required.
1. Recorded Warranty Deed or last tax bill.
2. Florida Driver License reflecting current residential address: all joint owners who reside on the property need Florida Driver Licenses. (Valid in Florida Only licenses are NOT sufficient).
3. Florida Vehicle Registrations reflecting current residential address. All vehicles owned by the applicants must have resident Florida registrations. This also applies to military personnel. Leased vehicles and nonresident registrations NOT accepted.
4. Social Security Numbers. Social Security numbers are required for all owners listed on the deed.
5. Declaration of Domicile or Florida Voter Registration Card reflecting current residential address. If an owner does not have a car registered in their name, one of these documents will be required as proof of residency.

Renewal. The Property Appraisers Office will mail you a renewal card each year in January. Please read the instructions carefully and be sure to comply with deadlines.

For more info, please visit the Property Appraiser's site by clicking here.

From my family to yours, have a wonderful, safe holiday!

Karen Branham, e-Pro, SFR, SRES, Broker Associate
THE BRANHAM TEAM
"Exceptional Service"
Coldwell Banker United, Realtors
726 Thomas Drive
Panama City Beach, FL 32407
Telephone: 850-832-8626
Email: karen.branham@cbunited.com
Website: http://www.KarenBranham.com

NORTHWEST FLORIDA named as a "Top 12 Travel Destination" of the year!

2009-12-10T00:17:00.011-06:00

Here's a terrific article from yesterday's New Herald. Go Panama City Beach area!

Travel guide high on Northwest Florida
DUSTY RICKETTS / Florida Freedom Newspapers
2009-12-07 21:18:19

Northwest Florida residents who want to visit one of the top tourist destinations in the world for 2010 need only step outside. Frommer’s Travel Guide, one of the best-selling travel guides in the world with more than 75 million books sold, recently named the Florida Panhandle beaches as one of its top 12 travel destinations for next year.

Other areas that made Frommer’s list are Tunisia in North Africa; Hanoi, Vietnam; and Melbourne, Australia. The only other American locale that made the list was Hawaii’s Big Island.

“It’s a big deal,” said Beth Oltman, Panama City Beach Chamber of Commerce CEO and president. “We’re very proud.”
Not only are the sugar-white beaches a draw for tourists, but the whole area also is becoming a thriving community, Oltman said.

“I think it’s great. Anytime you can get national recognition is a feather in your cap,” said Tracy Louthain, director of public relations for the Beaches of South Walton Tourist Development Council. “It really gets people to pay attention to you. I think the timing is good with the opening of the new airport in Panama City in 2010. There are a lot of reasons to focus on this region of the state right now.”

Northwest Florida has been suggested for inclusion in the list of top destination choices in the past, but this was the first year it made the final cut, said David Lytle, editorial director of frommers.com.

“It fit our list for the year,” Lytle said. “It’s an American destination; part of it is overlooked oftentimes. It’s got some economical choices. A family can still afford to take a vacation to the Florida Panhandle.

“It’s a gorgeous part of the country,” he added. “People tend to think of Florida, and they either think of the theme parks or they think of southern Florida. We want to give another part of the state its due as well.”

Frommer’s list of the top tourist destinations for next year will be seen by people from all over the world and will help draw new visitors to the area, said Darrel Jones, executive director of the Okaloosa County Tourist Development Council.

“It’s a great thing for opening this area up to the world,” Jones said. “Advertising like this, you couldn’t pay for.”

All three tourist organizations plan to use the recognition from Frommer’s in their upcoming publicity measures, including updating their Web sites to include information on the list.

“With the economy, I think that’s important that people understand you can come to this area and have a great time, great vacation and not cost you a small fortune,” Jones said.

News Herald Writer Scarlet Sims contributed to this story.

Well, this recognition is terrific for all of us, and we are hopeful news like this will continue to help our corner of the world proceed nicely towards a path of recovery for all of us.

Have an AWESOME week everyone! Karen

Karen Branham, e-Pro-SRES, SFR, Broker Associate
THE BRANHAM TEAM
"Exceptional Service"
Coldwell Banker United, Realtors
Direct: 850-832-8626
Website: http://www.karenbranham.com
Mailto: karen.branham@cbunited.com

P.C. Real Estate: Sales Up, Prices Down

2009-11-20T14:43:00.012-06:00

Hello everyone, in case you missed it, the following article was in the Nov. 18th New Herald and makes interesting reading for both buyers and sellers.

P.C. real estate: Sales up, prices down

Nov. 18--PANAMA CITY -- Panama City is better off than some other areas in the state hard-hit by the recession, but recovery will be slow, experts say.

"I really think the future of Panama City is looking better than a lot of other places," said Tim Becker, University of Florida's Bergstrom Center for Real Estate Studies director.

At 8.9 percent, unemployment locally remains lower than the state's 11 percent average. While other areas had a narrowly defined economic base, Bay County has tourism and military, Becker said. Plus, the area had less commercial building during the early 2000s, which helped the area when the real estate crisis hit, Becker said.

Property is selling again, too. Panama City's existing home and condominium sales shot up this quarteroverlastby12and13percent, respectively, according to Florida Association of Realtors numbers released last week. Increases are even higher compared to a year ago. Panama City existing condo sales were down 6 percent during the second quarter but increased 28 percent this quarter over 2008.

Sales are up, but median prices are down. The median home price was $151,500 for October, down about 12 percent from the same time last year, according to Metro Market Trends, a data collection and analysis company. That also is lower than the median price of $154,400 reported in September.

Home prices appear to be reaching the bottom, said Marla Martin, Florida Association of Realtors spokeswoman. Sales are up, in part, because of distressed sales and the tax credit for new homeowners. Bay County is working through a glut of distressed property, said Darren Haiman, Bay County Association of Realtors president-elect.

Until unemployment numbers improve, the economy is not recovering, said Alex Charfen, The Distressed Properties Institute CEO and co-founder. Realtors expect a swath of homeowners with loan payments set to balloon next year to file for foreclosure.

No one knows for sure what will happen, Becker said, but with Southwest Airlines choosing the new international airport, the area is poised for a better recovery, Becker said.

Companies are looking to locate in Panama City, said Janet Watermeier, Bay County Economic Development Alliance executive director. The Nemo Project is expected to bring hundreds of jobs in the next three years. At least one company has shown interest in Port Panama City's new intermodal distribution center.

Homes are more affordable than ever and the community is pulling together to bring in high-wage jobs, Watermeier said.

"This won't happen overnight," Watermeier said. "Hopefully, this is going to happen slow and steady."

ON BEHALF OF MY TEAM AND FAMILY, I WISH YOU ALL A WONDERFUL, SAFE THANKSGIVING HOLIDAY! I AM THANKFUL FOR YOUR FRIENDSHIP, BUSINESS AND REFERRALS. Karen

Karen Branham, e-Pro, SFR, Associate Broker
THE BRANHAM TEAM
"We Make Dreams Happen"
Coldwell Banker United, Realtors
726 Thomas Drive, Suite B
Panama City Beach, FL 32408
Email: karen.branham@cbunited.com
Website: www.karenbranham.com
Direct: (850) 832-8626

Tax Credit For Homebuyers Extended

2009-11-09T23:04:00.000-06:00

It was a unanimous vote in Washington - how rare is that! The very important and much needed extension of the $8,000 Tax Credit for first time home buyers will now follow into 2010. All qualified buyers will be able to continue to enjoy this $8000 tax credit through April of next year. Many of our clients were under pressure scrambling to beat the deadline so this will benefit those that did not move fast enough and those buyers that could not close by November 30 of 2009.

Interest rates are hovering around 4.5% and sales prices in the Panama City area are close to some of the lowest prices we've seen in years. This critical combination, along with the tax credit, is the perfect formula for buying property in the Panama City area. Southwest announcing last week their commitment to flying out of our new International Airport is another reason. This is one of those moments where you stop and think "maybe NOW is the right time to become a homeowner!".

In addition to the $8000 Tax Credit, our friends in Washington also authorized a tax credit up to $6,500 for repeat homebuyers. This is awesome as well. For more info and details on the tax credits, please visit http://www.federalhousingtaxcredit.com/today.

Karen Branham, Broker Associate, E-Pro, SFR
THE BRANHAM TEAM
"We Make Dreams Happen"
karen.branham@cbunited.com
850-832-8626

Ironman 2009 Returns to Panama City Beach

2009-11-04T23:45:00.000-06:00

It's that time of year again when approx 2,000 athletes hit the sand to compete in Ironman 2009 held at the Boardwalk Beach Resort on Sat. morning, Nov. 7, 2009. Ironman is one of the most grueling events in the world of sport, and also one of the most inspiring. Ironman starts with a 2.4-mile swim, then a 112-mile bike, and finishes with a complete marathon of 26.2 miles all in succession. These incredible athletes have just 17 hours to finish the event which kicks off at 7 a.m. and wraps up at midnight.

Ironman began in 1977 and presents the ultimate test of body, mind and spirit for professional and amateur athletes. And as Ironman has emerged into the mainstream sports light, the Ironman experience continually transcends pure sport. It centers on the dedication, courage and perseverance exhibited by athletes who demonstrate the Ironman mantra that “ANYTHING IS POSSIBLE.™” Some of the athletes we see will be coming off of chemo or have battled cancer as recently as this year. This is a dream come true for many of them.

Good luck to all our athletes, including friend and financial advisor, Alan McCurley from Panama City Beach who is competing in his first full Ironman at the age of 40. Go Alan!

Yes, we'll have a little bit of traffic for the day but to think about what these incredible athletes have done all year to get here is truly amazing. Whether you want to volunteer race day or cheer them on from the sidelines, it is a truly an exciting day for all! The athletes really appreciate our encouragement and volunteers to make it an awesome event. If you never watched the race before, come out for an hour. Hope to see some of you on the streets Saturday and everyone, be safe out there!