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Coldwell Banker United Realtors - 11/19/2007
Airport Home in Northwest Florida - 11/19/2007
502 Tailspin Lane Holt Florida Airport Home for sale
ListPrice:
$575,000
Status: Active
ApproxSF:
1,500 BG:
Bedrooms: 2
Baths Full/Half: 3/
Zip 32564
County: OKALOOSA
Stories: 1
MainArea:
25 Crestview Area
YearBuilt:
2007
SubArea: 11 HOLT
OccStat: New
Subdiv: METES & BOUNDS
ImmOcc? Y
ParcelID: 09-2N-25-0000-0024-0050
ConstrStat: ConstrCmplt
ElemSch: BAKER Middle: BAKER High: BAKER
Dir:
From Holt Exit off I-10 go south on Log Lake Rd turn left on Tail Spin property is on the right.
Legal:
COM NE COR LOT 45 HILLCREST GROVE W870 FT TO POB W 145 FT S276 FT E145.& COM NW COR BLK G LAKEWOOD EST N229 FT N81 DEG E108 FT TO POB N81 DEG E230 FT
Exclusive Airport home.As you enter,you'll immediately notice this home's open floor plan with cathedral-style ceiling and wonderful natural light from the large and numerous windows. Notice the wood cabinets and hardwood floors as you enter in the kitchen. The large island with bar features a stainless steel sink, brand-new dishwasher,ample counter space and recessed lighting above. The kitchen also features a brand-new refrigerator,stove,and microwave as well. The hardwood floors extend into the spacious living room with a wonderful view courtesy of the windows and french doors leading to a covered back porch that runs the entire length of the house.Both bedrooms are carpeted and contain enormous 11x11 private baths, both of which have glassed-in showers and are tiled in natural stone. The bedrooms also have large Hampton bay ceiling fans and large window ledges for plants and bric-a-brac. Adjoining the house is an airstrip, a large guest house, and an airplane hangar. The hangar is 2000 square feet and can accomodate two aircraft. It contains a sink,mini-fridge, plenty of shelving, and a full bath for those long days after flying your plane. Fly to your private air strip and park your plane in your own hangar.The airport home owner association has a 2500 foot air strip that is located just north of destin and fort walton beaches and minutes from Eglin Air Force Base.
Lot Dim.:
IRR
LotAcc:
Near Interstate Exit, Private Road
PrkingFeat:
Boat, Detached, Guest, Other, Oversized, RV
Acres:
1.75
Zoning:
Residential Single Family
LotFeat:
Cleared, Irregular, Level, See Remarks
ProjFacil:
Airfield
Dimnsns
LivingRoom
1
19'5x15
Design:
Contemporary
Kitchen
1
19'5x13
Bedrm:Additnl
1
16x11
Bedrm:Additnl
1
16x11
Bath: Full
1
11x11
ExtFeatures:
Porch Covered, Separate Living Area, Guest Quarters
Bath: Full
1
11x11
IntFeatures:
Breakfast Bar, Ceiling:Cathedral, Guest Quarters, Kitchen:Island, Lighting:Recessed, Split Bedroom, Washer/Dryer Hookup
Appliances:
Auto Garage Door Opener, Dishwasher, Disposal, Microwave, Oven:Self Cleaning, Refrigerator
Utilities:
Community Water, Electric, Phone, Septic Tank, TV Cable, Underground
Energy:
A/C: Central Electric, Heat: Central Electric
Mbed/Mbath: Mbath Shower Only, Mbath Tile, Mbed Carpeted, Mbed First Floor,
American home remodeling projections - 08/19/2007
Americans will spend nearly $232 billion on home remodeling this year, according to the National Association of Home Builders' (NAHB) 2007 industry forecast. This represents a 1.9 percent increase from the record $228 billion spent in 2006, according to estimates from the U.S. Census Bureau. NAHB announced this forecast this week at a teleconference celebrating National Home Remodeling Month.
"Remodeling continues to show strength despite the housing slowdown," said NAHB Remodelers Chairman Mike Nagel, a home remodeler from Chicago. "With more than 120 million homes in the United States plus $11 trillion in owner equity, the demand for remodeling will be there now and in the future." Remodeling currently accounts for more than 40 percent of the home construction industry by dollar volume.
RIS Media reports - 08/19/2007
RISMEDIA- According to the latest Swanepoel Trends Report the industry has never before experienced as many new business models and competition as it has during the last couple of years as well as growing government interest in the industry.
It seems that the Federal Government doesn't feel that the industry is doing enough and that real estate brokers and state regulators and legislators have impeded competition. Hence, in a new report by the U.S. Federal Trade Commission (FTC) and U.S. Department of Justice (DOJ, it has decided to participate in the transformation of the industry by deciding that certain existing laws, rules and regulations need to be repealed.
Although the FTC acknowledges that real estate industry has undergone a number of substantial changes in recent years it also states that competition has been hindered as a result of actions taken by some real estate brokers acting through MLSs and the National Association of Realtors and state legislatures and real estate commissions. The report points to various areas in which the diversity and power of these new models are already reshaping the way real estate is conducted.
According to the report it's all about the consumer, of course, and making sure that their choices are not limited. The Feds especially want regulators to pursue a detailed study of commission rate and fee practices to better measure price competition in the industry. Their feeling is that as commission fees "do not vary in proportion to changing home prices," they are considered to be "relatively inflexible" and therefore have in real terms become too high.
FTC chairwoman Deborah Platt Majoras said, "The FTC is committed to working with the industry and policymakers to ensure that competition is not inhibited and that consumers are well-informed about this important marketplace. Home ownership is the American dream, and real estate brokers have helped to achieve that dream for many. But when anticompetitive practices stand in the way, consumers lose."
Real estate brokers and agents don't want consumers to loose, so that isn't the issue. The real debate is how to "ensure" that the consumer does not loose.
The FTC is recommending that state "legislators and industry regulators" should consider repealing existing laws, rules and regulations like minimum-service and anti-rebate provisions that limit choice and reduce the ability of new brokerage models to compete. To date 12 states have enacted so-called "minimum-service" or "limited-service" laws; Florida, Illinois, Alabama, Iowa, Missouri, Oklahoma, Texas, Utah, Indiana, New Mexico, Virginia and Tennessee.
At this point the minimum-service laws appear to accomplish little more than to add another level of disclosure to the growing stack of paper in a transaction that is already too complex. Many home sellers and buyers already struggle to grasp even the basic aspects of agency and this new addition seems to add no real value to the consumer. In some states, Tennessee for example, agents must spell out services they are not providing to the home buyer or seller - now that makes no sense at all.
There is a broad consensus that the industry has too many licensed real estate agents today for the number of transactions. A former chief economist for NAR, John Tuccillo said in reference to the recent hot market, "There are large numbers of Realtors out there who have not participated in a transaction in months, or even years - and this during the best real estate market in history. The level of competence in the industry has fallen to its lowest point ever," he adds.
So is the solution the implementation of impractical "minimum-service" levels or to follow the latest recommendation to repeal them? Wouldn't a logical argument be that the time has come to rather increase the quality and quantity of the education required to obtain a real estate license in the first place?
The barrier to enter the industry in real estate is very low and when compared to other industries the licensing requirements are far too easy. The average real estate agent only needs to complete some 48 hours of pre-licensing training and pass a simple multiple choice exam to obtain a real estate license. According to research by Anthony Marguleas of A. M. Realty, a California esthetician requires 600 hours, a hair stylist 1,500 hours and a plumber 2,080 hours before they are licensed. The hours required to become a doctor, lawyer, engineer or CPA are obviously off the chart.
So, back to the debate of not wanting the consumer to loose and it is surprising that the FTC Report in its Conclusion and Recommendations does not say one word about ensuring that the participants in the industry are better qualified.
Isn't the logical step to improve the quality and level of service given to the consumer by first improving the quality and level of education and training of the brokers and agents tasked to serve the consumer? Surely this can't be anti-competitive.
The current real estate pre-license education most individuals receive is primarily focused on gaining a better understanding of many of the terms and principles found in the industry so they can pass the exam. The course does little, if anything, to prepare them to become a successful real estate professional.
Therefore, today's average new real estate agent has not been equipped with the necessary skills to properly serve today's consumer. Jim Sherry puts it very bluntly when he states that "Consumers have no guarantee that anyone calling themselves a Realtor actually knows what they are doing."
If the FTC wishes to make recommendations, perhaps it should be recommending higher and better quality pre-licensing as well as ongoing education. This would help ensure that those people licensed to work with the most valuable asset the average family has will be competent in doing so - be he or she a "traditional," "new paradigm" or "online" agent.
Either way, both the FTC/DOJ 2007 Report and the Swanepoel Trends Report 2007 point to the significant change continuing to take place in the real estate industry. For some agents that have been in the industry a long time the "gravy train" has come to an end.
The real estate broker and agent of tomorrow will have to accept the fact that more of them will be fighting for fewer transactions - transactions that are likely to be carrying lower commissions. At the same time technology and new business models will continue to erode away certain functions or duties traditionally exclusively undertaken by real estate agents - again pointing to a decline in earnings per agent.
Real estate has always been a fiercely competitive industry and it is only going to become more so.
A list of all my real estate blog feeds - 08/19/2007
Here is a list of all of my Real Estate Blog Feeds:
My Wordpress runs with a 2.0 RSS feed
http://okaloosamls.wordpress.com/feed/
My active rain running a atom feed
http://activerain.com/blogs/okaloosamls/atom
My typepad running a XML feed
http://okaloosamls.typepad.com/teamsoldtv/rss.xml
MY blogger running a atom feed
http://teamsoldtv.blogspot.com/feeds/posts/default?alt=rss
My space rss feed
http://blog.myspace.com/blog/rss.cfm?friendID=185758128
Add any of the above feeds to your blogs or your homepages.
What does the Walton County Government do - 08/19/2007
What does the Walton county government do
The department of corrections
The construction management department
Parks and Recreation
GIS (Geographic Information System)
The finance Division
The human Resources Division
The planning and development division
Public Works
Emergancy Response
The citizen services division
Find more information on each of the services divisions provided by Walton county Florida at there official website you can click here to go directly to the site www.co.walton.fl.us information provided by CO.Walton.FL.US
New stores coming to Panama city beach - 08/19/2007
Panama city bost new stores opening just about every month. The new members coming include Target stores,Ron Jon surf shop,Panera bread,Starbucks,Southern Theaters,Ripley's believe it or not,Bonefish grill,Dillards,old navy,Back porch seafood house,jimmy buffets,barefoot beach club and many more. Not to mention a housing boom to support all of this new commercial acitvity. Including 5,000 new housing units from lake powell to the bridge flyover in various stages of development
Realogy corp has announced the appointment of vice president - 08/19/2007
Corporation has announced the appointment of Marilyn J. Wasser as executive vice president, general counsel and corporate secretary. For the past two years, Wasser served as executive vice president, general counsel and corporate secretary for Telcordia Technologies, a leading global provider of telecommunications software and services. In her new role, Wasser will provide strategic legal direction and support for Realogy and its business units, including the Realogy Franchise Group and its five brand networks - Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA and Sotheby's International Realty - as well as NRT Incorporated, Cartus and Title Resource Group. As general counsel, she will be responsible for Realogy's legal efforts in the areas of compliance, litigation and regulatory affairs, human capital, benefits and corporate services, as well as the company's government relations function.
* NRT Incorporated, the nation's largest residential real estate brokerage, today announced the promotion of Hal Maxwell to regional senior vice president of NRT's new Mid-Atlantic region. In this role, Maxwell will oversee a newly created region that comprises NRT-owned companies in Maryland, Virginia, Washington, D.C., Pennsylvania and New Jersey. Maureen Passerini, formerly the regional senior vice president for NRT's Eastern Seaboard region, which included local operating companies in the Mid-Atlantic, will now oversee a new region to be known as the Northeast region, comprised of Coldwell Banker Residential Brokerage companies in New Jersey, Long Island, Pittsburgh, Connecticut/Westchester and New England. Maxwell most recently served as president and chief operating officer of Coldwell Banker Residential Brokerage in the Mid-Atlantic.
* Sotheby's International Realty Affiliates, Inc. has announced that real estate entrepreneur Jenny Pruitt and real estate executive David Boehmig have partnered to form Atlanta Fine Homes Sotheby's International Realty. The company will serve consumers seeking to sell or buy homes throughout the Buckhead and North Atlanta markets. Pruitt will serve as chief executive officer and Boehmig as president. Pruitt left Jenny Pruitt & Associates earlier this year after fulfilling a five-year contract with HomeServices, which had purchased the firm in 2001.
* David Franzetta has been named chairman and partner for Prudential Arizona Properties. Most recently Franzetta was a principal of Interchange Associates, Inc., an international think tank and research-based consulting firm.
Hud announcement - 08/19/2007
U.S. Housing and Urban Development Secretary Alphonso Jackson announced this week that thousands of communities around the country will receive nearly $1.8 billion to promote HUD's affordable housing and first-time homebuyers programs. The total national funding of $1.757 billion will support HUD's HOME Investment Partnerships Program (HOME) and American Dream Downpayment Initiative (ADDI) in fiscal year 2007.
HOME is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families. ADDI helps first-time homebuyers with the biggest hurdle to homeownership: downpayment and closing costs. The program was created to assist low-income first-time homebuyers in purchasing single-family homes by providing funds for downpayment, closing costs and rehabilitation carried out in conjunction with the assisted home purchase
TOP100 Builder list - 08/19/2007
For the first time since 2002, the top three companies on the Builder 100 list traded places. While D.R. Horton remains on top, Lennar Corp. rode a 7,209-unit closings increase to become the new number two, and tightened the gap on the list leader to just 3,842 closings. Pulte Homes shiftd back to third, after its closings declined 9.08 percent, with Centex Corp. and KB Home rounding out the top five.
D.R. Horton, with 53,410 closings, out-performed the entire combined next 100 (numbers 101-200), which closed 44,824 units in 2006. And Horton, the biggest of the big builders, almost surpassed the combined closings for Builder 100 companies ranked 51 through 100, which together closed a total of 54,070 units.
With a tough 2006 in the bag, and a difficult 2007 ahead, the Builder 100 could see some shake ups this year. Merger and acquisition activity has been slow since the summer of 2005, with only Emaar Properties' May 2006 purchase of John Laing Homes as the exception. But with company and land values coming back to earth, merger and acquisition activity could pick up this year, leading to further shifts among the Builder 100. (At press time three large deals were in the works, with several more rumored to follow.) (Builder Magazine)
