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
Showing posts with label condos. Show all posts
Showing posts with label condos. Show all posts
Tuesday, August 10, 2010
Sunday, December 20, 2009
Got Your Home Exemption?
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
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
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