Real Estate Information Archive


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Short Sales - Nothing Short About Them

by Doug & Gwen Campbell at Sun Bay Associates

Short sales.  Yes, the explanation is the bank is "shorting" the debt.  How about the banks looking at shorting the time span, which in many cases borders on eons.

In our area, one brave Realtor, Liane Jamason, sent an email to senior bank executives about a short sale that had been stuck on hold for a year.  It got done.  Her action made the front page of the St. Pete Times today.

Why can the banks' "negotiators" send routine requests to the sellers every 30 days for bank statements, pay slips, etc. and not take the time to look at the information so they can make a decision.  If they are looking at hundreds or thousands of short sales everyday, they can tell quickly that a seller is in dire financial straits or not.  Many banks still refuse to consider a short sale until the homeowner is delinquent on the mortgage.  If a homewoner is foregoing food, medical care, insurance, general lifestyle and still making payments, why cannot a bank accept the facts and review the short sale possiblity?

We cannot ever get the housing industry out of the doldrums until the banks actually take action on short sales to help the millions of families who are barely hanging on, the realtors who can't make a living because it often takes a year to complete a short sale, the contractors can't build new houses or hire people, because there are so many undervalued houses lingering on the market, and on and on.  Then,  the banks stall for months, and after doing a BPO, come back and say they want 30% more than the contract price of the house, which was the market value six or nine months ago.  This kills the deal, the house has to go back on the market and the stupid cycle starts all over again.

Who is going to fix this??  Realtors have invested time and money to gain expertise in short sales, including the Certified Distressed Property Expert designation.  We know how to present a complete short sale package to the banks.  Our sellers know what to expect and gather the requisite documentation.  The buyers are told to expect the process to take months.  Yet the banks continue to drag their feet, "reviewing" the same files over and over and over and over, until the seller is frustrated, the buyers walk away in utter frustration, Realtors lose months of time and energy and the bank loses even more money on the property because no one is capable of making the right decisions to get that bad debt off the books.  All it takes is for someone to do the right thing, is that so hard?

Can someone please offer a solution!?

Morning Coffee for Dec. 27

by Doug & Gwen Campbell at Sun Bay Associates


"When you come to the edge of all the light you have known, and are about to step out into darkness, Faith is knowing one of two things will happen - there will be something to stand on, or you will be taught how to fly."

- "Jonathan Livingston Seagull" by Richard Bach


In the 1930's and 1940's, there were numerous women's magazines.  Ladies' Home Journal and Good Housekeeping were two of them.  They showed women in the role of the day - housekeeping.  They suggested the number of times per week the home should be dusted, scrubbed, organized, and otherwise kept spotless.  They suggested ways to look good when the "man of the house" arrived home from a tough day at the office.  In short, those magazines and their publishers set up an impossible regimen of expectations for their readers.

Many of us know women who have spent much of their lives trying to live up to the model housewife role prescribed by those magazines.  The trouble is, many of them have (or had) dreams of their own, like wanting to write, or to travel, or to participate in the freedoms only men then enjoyed.

Today, any of us can achieve our dreams.  All too often, however, we are still denied our destiny by the expectations set by others.  We are bombarded by radio, TV, CD, DVD, and WWW messages that insist we follow their example, their guidelines, or their models.  We allow our dreams to wither and die - waiting in line for their turn to blossom - never receiving the water of encouragement needed to grow and bloom.

What about your dreams?  Need some encouragement to help you "think outside the box?"  Begin by spending time with others who have already achieved their dreams. Leave your nay-sayer acquaintances behind.  Read inspiring biographies.  Pick up a copy of "Think & Grow Rich" or "The Seven Habits of Highly Effective People."  If you haven't yet learned to "fly," pick up "Jonathan Livingston Seagull" or "Illusions" by Richard Bach.

As Jonathan says in the book, "Don't believe what your eyes are telling you.  All they show is limitation.  Look with your understanding, find out what you already know, and you'll see the way to fly!"  

Crescent Oaks Country Club

by Doug & Gwen Campbell at Sun Bay Associates

Here is another in our occasional series of 60 day updates for various neighborhoods real estate activity.  In the past 60 days in Crescent Oaks Country Club, there have been 5 houses sold.  The average sold price for these houses in Crescent Oaks Country Club was $353,700.  The average square footage was 3,432, and all were pool homes.  The average sold price per square foot was $104.

The average days on market was 269.  Days on market is how long it takes from the time a house is listed until it goes under contract.  The shorter the days on market, the more accepting the market place is to the listed price.

In Crescent Oaks Country Club, of the five sold houses, one was on the market for only 35 days.  At the other end of the spectrum was a home that sold for $345,000 and had 623 days on market.

There are currently 12 houses with active listings in Crescent Oaks Country Club.  The prices range from a high of $873,233 for a 5,783 square foot pool home, to a low of $199,500 for a 3 bedroom villa.  The villa only has 5 days on market.  The higher priced home has 951 days on market.

If you would like to follow listings in Crescent Oaks Country Club, visit Sun Bay Associates search site, enter the name of whichever subdivision you want to search, and get the info you want.

The very best news is that the Crescent Oaks Country Club has re-opened the golf course.  So take a look at the opportunity to own a home in a golfing community, with a newly opened and excellent golf course.


Highland Lakes, a Great and Very Active 55+ Community

by Doug & Gwen Campbell at Sun Bay Associates

Highland Lakes in Palm Harbor is a large and very active 55+ community.  Highland Lakes, Palm Harbor, is made up of villas, condos and single family homes.  There is a large clubhouse with constant activities for a wide variety of interests.  Highland Lakes has three executive golf courses and for residents, there is no greens fee.  Play for three holes, go home and rest, or play three rounds of golf, then find something else to do.

Golf carts can go to the golf course from home.  Another bonus to Highland Lakes, Palm Harbor is access to Lake Tarpon.  The community has a secure boat storage area, a launch ramp, and clubhouse near the ramp.  Take advantage of Lake Tarpon and the launch ramp, cruise the lake, go to lunch at the restaurant on the lake, then return to your home and relax.

We have a bran new listing in Highland Lakes, Palm Harbor.  It is in Greenview Villas.  To see more about this great listing on 104-D Tartan Drive, visit this link to Greenview Villas.

Check it out, there are a lot of good reasons to look at this area, especially if you want to live in a community that is vibrant and has activity for everyone.

Dunedin and the Holiday Season

by Doug & Gwen Campbell at Sun Bay Associates

Dunedin, FL is a great community, especially in the winter when the snowbirds are in town to keep their toes warm until the north thaws out in the spring. Events coming this month include the weekly Green Market in the Pioneer Park.  Farmers bring their fresh produce and other products for a wonderful variety of goods in an outdoor market. Great foods, fresh foods, and a great experience.

December 3 is the Dunedin holiday boat parade.  This favorite Olde Fashioned Christmas event starts at the Dunedin Marina and lasts from 6 - 9 pm. Come see the boats that are decorated with creative holiday lighting as they sail across the intracoastal waterway. Everyone has a great time. Also, on Dec. 3 the Dunedin Youth Group hosts the Holiday Tour of Homes.  See these beautifully decorated homes in historic Dunedin.

Then, on Dec. 4 there is a concert by the Dunedin Pipe Band in Pioneer Park at 1:30. Come listen to the bagpipes, then visit the many nearby restaurants for a bite of food or perhaps an adult beverage.

And on December 10, from 4 pm to 9 pm, there is an Olde Fashioned Christmas and Holiday Parade in downtown Dunedin. The theme is Christmas from days gone bye. There will be children's games typical of a century ago. There will be carolers, food and beverage, shops will be open to welcome those who want to remember perhaps a less commercial Christmas. And there has been in the past - SNOW!!  Right there on Main Street in Dunedin.

Not only is Dunedin a fun place to visit and find things to do, Dunedin is a wonderful community to live in. So, mark you calendar and plan to visit Dunedin for an Olde Fashioned Christmas. You will be glad you did.

Displaying blog entries 1-5 of 5




Contact Information

Photo of Gwen and  Doug Campbell - Sun Bay Realty Group Real Estate
Gwen and Doug Campbell - Sun Bay Realty Group
at Keller Williams Realty
30522 US Hwy 19N, Suite 107
Palm Harbor FL 34684
Doug's Cell 727-741-4189
Gwen's Cell 727-741-7260
Fax: 888-447-7908