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Keller Williams Helping Foster Home in Dunedin

by Doug & Gwen Campbell at Sun Bay Associates

DUNEDIN FOSTER HOME NEEDS YOU !

Be a Part of KW RED Day & Week 

May 10th to 14th, 2010 

 

As you know, it has been a tough couple of years in real estate and in business in general. As members of the real estate community in Palm Harbor, one thing our Keller Williams team can't forget is our commitment to the community we serve - and there is so much we can do to help.  In the spirit of community service, we want to invite you to participate with the Palm Harbor / Clearwater office in the second annual RED Day

 

RED (standing for Renew, Energize and Donate) Day is the vision of Keller Williams Realty to coordinate a day of service with all of our 690+ offices across the United States and Canada with more than 73,000 associates participating. We are all committing to spend the day giving back to our communities.  In fact, we've even taken the idea a step further and turned it in to RED WEEK here in Clearwater!  And we want you to be a part of it!


We need your help to perform an "Extreme Home Makeover" for a loving Dunedin Foster Family with 10 kids and, with your help, hopefully room for more soon.

 

We need materials, labor and monetary donations.  The project is being done in conjunction with Eckerd Youth Alternatives, the lead Foster placement and advocacy agency in Tampa Bay. 

 

About the Foster Family:   For the past 26 years, Janice and her husband have adopted and taken in Foster kids - a LOT of kids - all with some degree of physical or mental disability. Many are now grown and married.  They love and welcome the kids that are least likely to get fostered or adopted. 

 

Their dream was to build out a big indoor play area off the back of their home.  Janice's husband finally got it built but passed away last year before it was completed.  With your help, we're going to finish their dream.

 

We're insulating the walls and ceiling and installing air conditioning.  We'll be putting in new windows and doors.  We'll install new siding and trim inside and out.  We'll lay and sub-floor and install carpet.  Finally we'll paint - a lot of paint!  We are also sprucing up other rooms with paint and furnishings so Janice will have room to take in one or two more children.  Currently there are TEN (10!) kids in the home between the ages of 2 and 21. 

 

Any time you get a chance to help a saint, go for it!

 

Anyone who can donate materials, time or money, or knows of someone that can, please read below about our specific needs.  By the way, contractors and handymen are really welcomed!  

 

To make an easy online contribution - CLICK HERE TO DONATE NOW.   Just click the "online" donation tab and be sure to select KW RED Day Foster project in the drop-down list provided.  100% of  donation proceeds will be used solely for this project and are tax deductible (receipt provided).  Of course, feel free to contact the wonderful agent who sent you this e-mail with any additional questions!  

 

 We thank you.  And the kids will, too!

 

 

Has the Dunedin, FL Real Estate Market Stabilized

by Doug & Gwen Campbell at Sun Bay Associates

Has the Dunedin, FL real estate market stabilized?  It is beginning to look like the price freefall is over or at the very least slowed.  In the past 90 days, in 30 day increments, we review the Dunedin, FL real estate market and the following is what we see.

From January 26 thru February 26, 2010, there were 191 single family houses actively listed for sale.  In that period, there were 56 houses listed as Active with Contract and 38 houses listed as Pending Sales.  The critical number is that 32 houses in Dunedin sold in that period, with an average sales price of $183,788 and the average Days on Market, or DOM, of 80.  The list price to sales price ratio is 0.93, or average list price of $201,426 to average sale price of $183,788.

From February 26 thru March 26, 2010, the number of active listings was 191, 56 houses were listed as Active with Contract and 38 houses listed as Pending Sales.  In this time frame, 21 single family houses sold, at an average sales price of $171,748 and an average DOM of 44.  The list price to sales price ratio was 0.91, or an average list price of $184,675 to average sale price of $171,748.

From March 27 thru April 26, 2010, the number of active listings was 191, 56 houses were listed as Active with Contract and 38 houses listed as Pending Sales.  The stability of the active listings, under contract and pending sales is remarkable.  The number of single family homes in Dunedin that sold in this period was 28, at an average sales price of $178,984 and DOM of 66.  The list price to sales price ratio was 0.95, with an average list price of $188,624 to an average sales price of $178,984.

You can see that the number of listings in Dunedin has apparently stabilized, with 191 active listings and an average of 27 houses selling in any 30 day period.  This means that for every one house sold, 7 remain on the market.  Thus, if you, the seller, want to sell your home, you must be in the top 14% of houses on the market or you will most likely not get an offer.  The good news is that the prices for this 90 day window did not plummet for Dunedin, FL.  The number of houses on the market in Dunedin is holding steady, and the number being sold is also relatively steady.  This indicates that the Dunedin real estate market may be stabilizing.  If this is the case, and we will know more in the next 90 days, it is possible that prices will remain at least steady (read stabilized) for the next several months before there is any indication of an upward tic. 

If you are a buyer, this is clearly the best time to buy.  Prices are not going to get much lower, and with the impending increase in interest rates, the buyer will be getting less house for the same monthly payment

HAMP or HAFA and Your Mortgage

by Doug & Gwen Campbell at Sun Bay Associates

At last, the federal government is taking real action to provide homeowners assistance with their mortgages.  A new initiative, Home Affordable Foreclosure Alternatives Program, or HAFA, is now in effect to help homeowners.  The details are complicated, and you, the homeowner, need to clearly understand these new solutions to gain the most benefit.  This is a critical issue, especially for the Tampa Bay real estate market since this market has been so hard hit by the economic downturn.  As a Certified Distressed Property Expert (CDPE), Sun Bay Associates is in a position to explain the nuances and benefits of the HAFA process.

In March 2009, the Home Affordable Modification Program or HAMP, was introduced to provide homeowners assistance if their mortgage payments exceeded guidelines for income levels (above 31% of income).  Most homeowners, however, are facing such financial hardship that the HAMP can't provide them deep enough discounts on the mortgage and either don't qualify or in the end will default on the modified mortgage anyway.

Enter the HAFA program.  This is specifically designed for homeowners who don't qualify for HAMP aid.  HAFA is supposed to speed up the foreclosure avaoidance options for those homeowners who need this help.  HAFA can help same millions of homeowners from the financial disaster of foreclosure by getting either a short sale or a deed in lieu of foreclosure accomplished relatively quickly.  A short sale is when the home is sold for less than the outstanding mortgage amount and a deed in lieu is when the property is completely turned over to the lender because the homeowner cannot continue making payments.  Then the bank will sell the house to salvage as much of the loan balance as possible.

A critical item in qualifying for the HAFA program is that the loans are NOT owned or guaranteed by Fannie Mae or Freddie Mac and applies only to the first lien mortgage.  HAFA does offer incentives to lenders for those homeowners who have second, third or more mortgages on their homes.  Also, HAFA prevents lending participants from pursuing deficiency judgments against the homeowner after the short sale or deed in lieu has been completed.  If you are in the Tampa Bay area and need to avail yourself of the HAFA program, or are seeking financial help with your mortgage and don't know where to turn, contact us.  We will send you a report that clearly outlines the HAFA process.

With the detailed training and ongoing education as CDPE, we will be able to explain your options.  We can walk you through the various programs available to assist you, whether it is to keep your home by loan modification or going through the short sale or even deed in lieu process as quickly as possible so life can return to normal without the financial stress of a crushing mortgage payment.

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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 S
Palm Harbor FL 34684
Doug's Cell 727-741-4189
Gwen's Cell 727-741-7260
Fax: 888-447-7908