Condo in Sun Village Court, New Smyrna Beach, FL Now Available

A super location in Sun Beach Club awaits you! Being so close to the no-drive beach in New Smyrna will entice you to the white sandy shores! This could be a great rental property with long term tenants in place who want to stay. The unit features cathedral ceilings, ceiling fans, inside laundry, architectural windows framing a nice view of tropical woods, loads of privacy, a deck, and is a short distance to shopping, dining, biking and trails. All appliances are included and a fireplace for the chilly winter evenings. Complex has pool and lawn. Seller will include some furniture – dining room, living room, beds, and dressers.

Maint Fee Covers: Building Insurance , Common Area , Exterior Paint , Lawn , Pest Control , Pool . Maint Fee: 315

Directions: South on I95 to SR44 to New Smyrna Bch, so on Atlantic Ave to right on Sun Village.

Contact me for a private showing. 386-679-3191, sherry@sherryarmstrong.com

Home for Sale in LPGA Community of Daytona Beach

I wrote earlier about the beautiful LPGA community in Daytona. Here is an example of a home for sale in the Centennial section of LPGA on the golf course, on Zaharias Circle, priced at $339,900. It is 3 bedrooms/2 baths, 2008 sq ft, has a screened pool with salt system, patio, solar heat, central air, with a formal dining room, large master with sitting area, and stucco/concrete construction. Appliances included are dishwasher, microwave, range, and refrigerator.

You can see the quality and architecture typical of golf course homes in the LPGA in the slideshow below. If you are a golf enthusiast, LPGA is the community for you. HOA is $100/quarter.

Contact me for a private showing, and visit the LPGA page on my web site for more details.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
http://www.daytonabeachflhome.com/

Daytona Beach part of Volusia County Purchase Plan for Foreclosed Homes

Using $5.22M in federal funds, Volusia County will begin dealing with the foreclosure crisis. The County Council June 4 approved a plan that effectively makes the county a major player in the market for homes already repossessed or abandoned.

The county received $5.22 million under the Housing and Economic Recovery Act of 2008, from the US Dept. of Housing and Urban Development, and has 18 months to spend the funds.

Community Assistance Director Ed Jasper said, "The lion’s share of the grant — 60 percent — must be spent to buy homes in targeted areas identified by the HUD as having a high risk of foreclosure. The primary target areas are DeLand, Edgewater, Holly Hill and Orange City. Secondary target areas are DeBary, Lake Helen, Ormond Beach and South Daytona."

According to the West Volusia Beacon, here are some requirements of the program:

1. Prospective buyers in the program must qualify for assistance in the deal, and any housing purchased with the funds is subject to county approval.
2. The homes — single-family dwellings, town homes or condominiums — must be listed for sale at no more than $189,750. Prices will be determined by professional appraisals.
3. In addition, the homes must be unoccupied and owned by the lender. Jasper said the county will seek to buy the foreclosed homes at a discount, perhaps as much as 15 percent.
4. The home must have been foreclosed as a result of the sub-prime market.
5. None of the grant funds may be used to help distressed homeowners avert the loss of their homes.
6. First-time home-buyers may qualify for financial assistance based on their income in relation to the median income of the area and the price of the home. Assistance may be given to households with an income equal to 120% of the area’s median income.

To read the full article, and find out how the county will deal with repairs and resales, visit West Volusia Beacon Online.

I can help you avoid foreclosure. Contact me now if you are having trouble paying your mortgage.

Sherry Armstrong, Realtor
Certified Distressed Property Expert
386-679-3191
sherry@sherryarmstrong.com
http://www.daytonabeachflhome.com/
http://www.sherryarmstrong.com/

Daytona Beach Sellers Now Have More Flexibility with Freddie Mac Changes

In a move aimed at furthering the success of President Obama's Making Home Affordable Program, Freddie Mac has announced several changes to its refinance offering under the program.

Freddie Mac's Relief Refinance Mortgage is designed to assist borrowers who are current on their mortgage payments but who would benefit from refinancing into mortgages with terms that better position them for long-term homeownership.

Once these changes are available, borrowers will be able to refinance a Freddie Mac-owned or guaranteed mortgage with any lender affiliated with Freddie Mac. Previously, borrowers had to work with the lender who currently services their mortgage. In addition, to help reach more borrowers, Freddie Mac is increasing the amount of closing costs that can be rolled into the new refinance mortgage.

Freddie Mac will allow the lesser of 4 percent of the new refinance mortgage amount or $5,000 of closing costs, financing costs and prepaids/escrows to be rolled into the new refinance mortgage.

Borrowers should visit https://www.freddiemac.com/corporate/ and complete the online form to determine if Freddie Mac owns their mortgage.

Contact me if you need help with refinance programs. I'm a CDPE: Certified Distressed Property Expert - and I can help you avoid foreclosure.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
www.daytonabeachflhome.com
www.sherryarmstrong.com

The LPGA Community of Daytona Beach

One of the most varied and spectacular communities in Daytona Beach is the LPGA, a premier upscale residential community in Daytona Beach that serves as the home of the LPGA. Actually 12 neighborhoods are built around the LPGA Golf Club, also home to the Florida Tennis Center, United States Tennis Assn, and 2 world-class golf courses.

For the avid golfer there are two 18-hole golf courses—the Champions by Rees Jones (the 1st course in the history of golf designed for women) and the Legends by Arthur Hills, plus the LPGA Golf Academy and the LPGAs National Headquarters office building. Nature trails and preserves wind around the courses.

June is Women's Golf month. There will be programs throughout the month to promote women playing golf, and the LPGA website lists the specials for ladies. Play Golf America Program is a 5 day program which will introduce new players to the game. There are summer golf lessons, leagues, a Junior Golf Summer Camp, Champion's Club, and special events eery month.

LPGA offers a state-of-the-art practice academy, 5 putting greens and chipping areas, bunkers, and a driving range. Both golf and social memberships are available, for residents to also enjoy the clubhouse and community pool.

Lionspaw is the newest community, and the only gated one. Homes range from $630,000 to over $700,000, with pools and golf course or lake frontage. HOA fees are about $160 quarterly. Some neighborhoods, such as Acclaim at Lionspaw, offer new construction, where top builders present affordable upscale homes. Others, like Lionspaw Grand, is a neighborhood where the perfectly manicured landscaping of gorgeous mansions line the fairways.

Names of other communities evoke the beauties of Florida: Opal Hill, Gray Hawk, Master Glen. Older single family houses are available starting in the $270,000s. A new home will be close to $600,000 with a pool on the golf course. Most are one story, and maintenance fees vary widely, from $90 to $420, depending on size of lot and location.

Townhomes and single family attached dwellings are also available here, priced in the low to mid-$200,000s. LPGA has it all - a home for your budget, and a style to match your life. Use the widget below to search for LPGA homes for sale, and visit the LPGA page on my web site for more information.

I can help you preview or investigate any property you find in LPGA. This is my community, my neighborhood.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
http://www.daytonabeachflhome.com/
http://www.sherryarmstrong.com/

Worried about Mold in Daytona Beach after our Heavy Rains?

Daytona Beach was deluged by rain last week, some 21+ inches, and even the International Speedway was flooded to waist level. This makes me worry about mold, because it can be dangerous for residents, can be hard to get rid of, and is a disclosure item if a seller knows the home has a mold problem.

Realtor.org has excellent information on Everything You've Always Wanted to Know about Mold, from What is It to How to Get Rid of It. Here are some hints.

"What causes mold to develop?

Mold requires nutrients, water, oxygen and favorable temperatures to grow. Nutrients for mold are present in dead organic material such as wood, paper or fabrics; mold can also derive nutrients from some synthetic products such as paints and adhesives. Mold requires moisture, although some mold species can obtain that moisture from moist air when the relative humidity is above 70 per cent. Many molds thrive at normal indoor temperatures; few if any molds are able to grow below 40 F or above 100 F. Outside this range molds may remain dormant or inactive; they may begin to grow again when the temperature is more favorable. Temperatures well above 100 F will kill mold and mold spores, but the exact temperature required to kill specific species is not well established.

How much mold exposure is harmful?

No one knows the answer to this question for several reasons. Individuals are very different with respect to the amount of mold exposure they can tolerate. Children under the age of one year may be more susceptible to the effects of some molds than older individuals. Measuring or estimating “exposure” levels is very difficult. “Exposure” means the amount of mold (microscopic spores and mold fragments) that gets into a person usually by breathing, but also by eating or absorption through the skin. For example, a building may have a lot of mold in the walls but very little of that mold is getting into the air stream. In that case the people working or living in that building would have little mold exposure.

If mold is present, what’s the best way to get rid of it?

The answer depends on how much mold is present and where it is located. If the mold is on furnishings or boxes simply discard the materials. Moldy materials are not considered hazardous waste; they can be sent to a regular landfill. However, it is smart to seal the mold material in heavy plastic to protect the people who handle it in transit and prevent spreading large amounts of the mold into the building as you carry the material out of it.If the mold is on a hard surface but occupies less than 10 square feet wash the area with soapy water (scrubbing with a brush may be necessary), rinse and allow the area to dry before repainting. If you have asthma, severe allergies and a weaken immune system get someone else to do the clean up.Larger areas (greater than 10 square feet in area) should be cleaned by someone with experience in doing this type of work. Remember, determine what caused the moisture problem and correct that problem. Otherwise, mold is likely to recur.

Where can I get more information about mold?

http://www.epa.gov/iaq/molds/index.html Environmental Protection Agency’s information of Mold/Moisture/Mildew

http://www.cdc.gov/nceh/airpollution/mold/ Center for Disease Control’s information on Mold under Air Pollution and Respiratory Health

http://nyc.gov/html/doh/html/epi/moldrpt1.html - New York City Department of Health “Guidelines on Assessment and Remediation of Fungi in Indoor Environments”

Author: Dr. Nathan Yost, MD is a Principal with the Building Science Corporation, a building and construction consulting firm."

There is more information on the Realtor.org site if you are concerned you may now have a mold problem. Don't let it go - in our climate, mold will not go away by itself!

Sherry Armstrong, Realtor
sherry@sherryarmstrong.com
www.daytonabeachflhome.com

Oceans Six Condos in Daytona Beach Shores

The rainy weather we've had over the last week makes condo living look inviting - no soggy lawn or debris on the driveway, plants under water, etc. Daytona Beach and Daytona Beach Shores offer many beautiful oceanfront condos at a wide variety of price ranges. Oceans Six is one in a row of several, from Ocean One to Ocean Eight.

Built in 1992, the concrete block building features an indoor pool, fitness room, a clubroom, outdoor ocean front pool with huge pool deck, underground parking and a spa that overlooks the ocean. Each unit has in-suite laundry facilities. There are an on-site resident manager, and full time maintenance staff. A spacious lobby and central elevator service the homes. Units have central electric heating and central air conditioning.

From Oceans Six, a grocery store is nearby, it's close to retail shopping, near medical facilities, and Orlando is only 50 minutes away.

The oceanfront units provide some of the best Atlantic Ocean and Halifax River views in Daytona Beach Shores. Enjoy the panorama of the whole Daytona Beach coastline all the way down to Ponce Inlet. Experience the luxury of waking up in the morning to the gentle sounds of the waves crashing on Daytona Beach.

The home I have listed is priced at $349,900, with 2 bedrooms/2 baths, walk-in closet, a kitchen that provides views overlooking the balcony, a formal dining room and living room. The condo has been a winter home for many years so it’s in great condition.

The maintenance fee in Oceans Six includes: Building Insurance , Common Area , Exterior Paint , Pest Control , Pool , Sewer , Trash. Minimum rental term is 1 year, and there are pet restrictions.

Consider the purchase of a Daytona Beach condo either as an investment or 2nd home or come down year-round. You can't go wrong with oceanfront property - there will never be enough!

Visit the Condo page on my Daytona Beach site to learn about more of the buildings and contact me for information on any listing.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
http://www.daytonabeachflhome.com/

Buying a Daytona Beach Short Sale

Short sales are making up a larger percentage of distressed home listings and total sales in real estate closings in the Daytona Beach area and Volusia County as a whole. While it's Buyer Beware, and a buyer can't be in a hurry for closing, the banks aren't helping speed the process.

Here are some reflections on my experience with short sales, so you will know what you may expect if your offer is accepted.

Often, mass confusion and exhaustive delays are the norm at a bank’s loss-mitigation department. It is not unusual for the transaction to fall apart because of the extremely long period of time it takes to get any meaningful response from the financial institutions, or they decide to change the agreed-upon terms at the last minute. The buyers by then have found another home or don't want to change (or can't qualify) to meet the new requirements.

Because short sales are more frequent and represent a growing percentage of real estate sales, servicers, who are set up to receive and process mortgage payments, are faced with managing and approving home sales. Short sales are complicated and take time. It’s not like submitting a bid to a private owner. The servicer has to do its due diligence, both for its own purposes and on behalf of the investor or the entity that actually owns the mortgage on the property. Each offer must be evaluated individually, which clogs the pipeline and slows the process.

On the buyer's side, presenting a very low offer makes the process longer as well. Just because it's a short sale and the bank doesn't want to own the property, the bank is not going to sell the home far below what it has determined is the true market value of the property.

Buying a short sale is not for those who want to close quickly or get a bargain price. I'm a CDPE, or Certified Distressed Property Expert, and have handled many short sales for both buyers and sellers. I know how to present the package properly to the lender to expedite approval.

And I definitely know the Daytona Beach area real estate market - which asking and offer prices are fair and reasonable. Contact me with your questions on short sales.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
www.sherryarmstrong.com

Daytona Beach Launches Assets for Independence

Through a partnership with the federal government, local United Way, private donations and area agencies, about 64 Daytona Beach families could become homeowners -- some as early as next summer.

It's a nationwide program to help low-income, working individuals and families get a down payment to purchase their own homes. Although the program has been working nationally since 1999, this is the first attempt at the program locally, and other agencies have been doing it statewide. The first local participants will be clients from Family Renew Community, the Neighborhood Center of West Volusia and Flagler Habitat for Humanity.

The program -- intended as a hand up, not a hand out -- teaches people not only how to save toward their home but makes them prove they can maintain a budget. Experts say the Assets for Independence program benefits not only the person who gets into stable housing, but sparks the economy. The homeowner will pay property taxes, which helps police, fire and other municipal service departments, and may occupy a vacant foreclosed home. "You have a real economic multiplier," said Ray Salazar, executive director of the United Way of Volusia-Flagler Counties, whose Community Foundation dedicated money to start the program. "The new homeowner becomes a small economic engine that produces wealth and opportunity for other people."

According to News-JournalOnline, the program works this way: "The prospective homebuyer steadily saves up to $2,000 and attends about 10 classes, such as budgeting, savings, household management and credit repair. In return, they'll get another $4,000 toward the purchase of a house -- $2,000 from the Community Foundation and $2,000 from the federal government."

"The whole program is teaching them the habit of being successful in their home," said Renee Gay, project director for the United Way, which is administering the $300,000 program. "We don't want to put people in a home that they can't keep and will be foreclosed upon."

Read more about this beneficial and truly rewarding program at News-JournalOnline, or for more information, call Renee Gay at 386-253-0563 or go online to liveunitedinvolusiaflagler.org/CommunityFoundation/afi/index.htm .

Pelican Bay in Daytona Beach

Pelican Bay is one of Daytona Beach's premier gated communities, featuring 2 championship golf courses that wind around waterways and lush foliage. Other amenities include a driving range, putting area, and short game practice area, swimming pool, 9 lighted tennis courts - 6 hard court, 3 clay, 3 clubhouses, golf and tennis pro shops, golf and tennis professionals, 2 restaurants, and loads of golf and social activities. Social as well as golf memberships are available, and many residents use the interlocking canals for fishing.

Pelican Bay, like LPGA, actually includes several communities within its gates. The master HOA fees are $575/year, and each neighborhood has its own maintenance fees.

Single family residences are divided by community or neighborhood, but more by frontage, whether north or south golf course, or canalfront, or lakefront. The architecture is as varied as the surroundings - colonial, cape cod, tuscan, bungalow, contemporary - you get the idea, and many custom homes are available for resale.

Housing prices range from condos under $200,000, single family attached homes from $145,000 - $329,000, and single family houses from $168,900 - $765,000. You can live and play in Pelican Bay in a modest townhome or purchase a luxurious custom house.

Visit my web page on Pelican Bay in Daytona Beach, and request a Relocation Package. Also watch the slideshow of Pelican Bay photos on my Active Rain blog. It's a beautiful community with plenty of choices for your home needs. Use the widget below to search homes for sale in Pelican Bay, and sign up for email alerts of new properties.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
http://www.sherryarmstrong.com/
http://www.daytonabeachflhome.com/

April Brings Turnaround for Homebuilders in Daytona Beach

For the first three months of 2009, homebuilders in Volusia and Flagler counties received 194 single-family and multi-family residential construction permits, down 63 percent from 531 in the first quarter of 2008, according to a report Monday from Hanley Wood Market Intelligence. Single-family home permits declined 49 percent while multifamily permits slid 88 percent in the region.

According to News-Journal Online, "The January-through-March quarterly numbers come on top of last year's dire report that the 905,000 home building permits issued in 2008 was the lowest since 1945 when there were half the people living in the United States. The 2008 total was down 35 percent from 2007 and down 67 percent from 2005 when homebuilding permits peaked at 2.155 million. The year-to-year decline was worse in Volusia than Flagler. Home building permits in the first quarter fell 68 percent, from 465 to 150."

Bob Fitzsimmons, of Gallery Homes of DeLand, agreed the first quarter was very slow, but in April, more buyers visited the models and more contracts were written, 6 compared to 2.5 in previous months. Sales centers for ICI Homes have seen increased activity in recent weeks, and a company spokesperson said April was the best month for sales in the last 3 years. Daytona-based ICI builds in East Volusia, Palm Coast, and other central Florida areas.

New home costs are down as much as 25%, interest rates are at historic lows, and the $8,000 first-time homebuyer credit are all strong incentives to purchase real estate in Volusia County. Although builders have plenty of new home inventory, the properties still are competing with resales of foreclosures and short sales. That's why they have slashed prices, raised incentives, and generally have become more aggressive in marketing their new home products.

Contact me to find out where in Volusia County you can shop for a new home, and which builders are offering the best incentives.

Sherry Armstrong, Realtor
sherry@sherryarmstrong.com
386-679-3191
www.sherryarmstrong.com
www.daytonabeachflhome.com

Daytona Beach Condos Selling Again

"Deals of a lifetime" is how a spokesperson for developer Ambling Land & Resorts described the prices last week at their auction of 30 units in Ocean Vistas of Daytona Beach Shores. He continued, "I think the auction set the bottom of the market and we have adjusted our new sales numbers accordingly," said Steve Brooks. "Bid prices were just less than $200 a square foot. We could not build for that today."

The auction brought 88 bidders and almost $14 million in sales. Originally homes in Ocean Vistas, open in 2006, listed at $700,000. Today's prices range from $320,000 to $495,000. A penthouse at the auction went for $667,000.

The Florida Assn. of Realtors reported that falling prices have led to a slight increase in condo sales through the first three months of the year as compared to previous years. There were 273 condos sold in Volusia and Flagler counties in January through March, which is more than the 244 sold in the first quarter of 2008.

Nationwide, buyers are taking advantage of the combination of low prices, low rates, and high inventory. Don't let the bottom of the market pass you by - think 2nd home, think rental, think investment - but think Daytona Beach real estate!

Sherry Armstrong, Realtor
www.daytonabeachflhome.com
www.sherryarmstrong.com
sherry@sherryarmstrong.com
386-679-3191

Tax Break Ballot Proposal to Help Daytona Beach Buyers

Delivering on a priority for Gov. Charlie Crist, the Legislature voted to put a tax break for first-time homebuyers on the 2010 ballot, in the hopes of stimulating our real estate market. First-time homebuyers would be exempt from paying taxes on 25 percent of their home’s value. Any buyer who hasn’t claimed a homestead exemption in the previous eight years would qualify. The savings phase out over five years.

The proposed constitutional amendment also would lower the annual cap on assessment increases for businesses, rental properties and vacation homes from 10 percent to 5 percent. To become law, 60 percent of voters will have to approve the amendment in the November 2010 election. The tax breaks would apply in 2011.

Supporters say there are still 300,000 homes in the inventory to be sold. “Right now, our homes are not being sold at all,” said Sen. Evelyn Lynn, R-Ormond Beach, the sponsor. “People are dropping their payments. They’re walking away from their homes. Nothing is selling.”

According to the Orlando Sentinel, critics say "the property tax amendment would deal another blow to to schools, cities and counties. The first-time break is expected to cost schools and local government just $10 million statewide in the first year, but that number would rise over time.

"The House sponsor, Rep. Carl Domino, R-Jupiter, said he believed the amendment would actually be a boon for governments by warding off further declines in real estate values if fewer homes are sitting empty. 'If there are 100 homes in the neighborhood and 40 of them are up for sale … the consequence of that is the property assessors would have to lower the value in that neighborhood,' Domino said."

The measure passed the House 104-13, and the Senate 26-11.

Personally, I'm optimistic. We won't have 300,000 homes in our inventory by the time this would become law. And I'll keep helping buyers and sellers of Daytona Beach homes get fair prices for their real estate in any market.

Sherry Armstrong, Realtor
386-679-3191
http://www.sherryarmstrong.com/
sherry@sherryarmstrong.com

Good News on National Real Estate Prices

Prices of single-family homes in 20 U.S. metropolitan areas in February were down 18.6 percent from a year earlier, and the fact that the rate of decline slowed signaled some hope for the housing market, reported Tuesday by the Florida Assn. of Realtors.

In 15 markets, annual declines were in excess of 10 percent and average home prices nationwide hit 2003 levels, according to the Standard & Poor’s/Case-Shiller index.Yet the drop in the 20-city index was less than the 19 percent year-over-year decline in January. Also, it was the first time in 16 months that annual declines didn’t set records.

The National Association of Realtors said last week that home prices rose more than normal from February to March and that the market may be stabilizing.

Our Daytona Beach real estate market is still experiencing a glut of inventory of foreclosed homes, which will keep prices down until they have been absorbed into the market.

A new plan announced by the administration will help even more borrowers. The new plan may reduce payments for up to 1.5 million at-risk homeowners, as the government taps a $50 billion housing fund, to entice mortgage servicers to modify second mortgages and cut monthly payments for borrowers.

According to our Realtor Association, "Half the troubled mortgages have second loans, given by lenders to help buyers avoid mortgage insurance and reduce their down payments. The second loans make it harder to modify first loans, because more parties are involved, and the home may still be unaffordable even if a first loan is changed, the administration says."

Daytona Beach sellers are certainly dealing with troubled times, but Daytona Beach buyers have a great opportunity. Contact me for details.

Sherry Armstrong, Realtor
www.daytonabeachflhome.com
www.sherryarmstrong.com
sherry@sherryarmstrong.com
386-679-3191

Daytona Beach Real Estate Sees Rise in March

As reported by the RealEstate Channel, "Florida's existing home sales increased in March, making it the seventh month in a row that sales activity demonstrated gains in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors (FAR). March's statewide sales also increased over the previous month's sales level in both the existing home and existing condo markets.

"Florida Realtors also reported a 25 percent rise in statewide sales of existing condominiums in March, continuing a trend in recent months for higher statewide sales of both the existing home and existing condo markets compared to year-ago levels. Statewide existing condo sales last month increased 37.2 percent over the total units sold in February.

"Interest rates for a 30-year fixed-rate mortgage averaged 5 percent last month, down significantly from the average rate of 5.97 percent in March 2008, according to Freddie Mac. FAR's sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written. "

For Daytona Beach, 577 sales closed, up from 486 in March, 2008, a 19% gain. Sales of condos rose to 104 from 71, a 46% increase.

This is great news for sellers and buyers of Daytona Beach real estate.

Sherry Armstrong, Realtor
http://www.daytonabeachflhome.com/
http://www.sherryarmstrong.com/
sherry@sherryarmstrong.com
386-679-3191

Read the full report at RealEstate Channel.

How to Sell a Vacant House - not just in Daytona Beach

Everyone's writing about Daytona Beach foreclosures and short sales, and how tough they are for sellers to market and buyers to get offers accepted. This type of market is going to be with us for awhile, until the inventory of "distressed properties" is absorbed by the buyers.

If you are an investor, and bought that Daytona property to rent but it is now vacant, or if you are a seller who had to move, here are a few tips to market the Daytona Beach home for a better price.

1. Make the property looked lived-in: park a car in the driveway (don't block access to the front door), have someone open and close the drapes, clean the cobwebs away from the front entry, take in mail and old yellow newspapers.
2. Remember - there is only one chance to make a first impression. Keep the yard and exterior looking inviting, even if it just means mowing the grass.
3. If missing furniture exposes holes where pictures were hung, spots that need paint - then paint. It's worth the money! Use rugs to cover floor problems.
4. Leave some furniture, even if just an end table and lamp, a few colorful towels, a bed - these give buyers a sense of space. But it is better to leave nothing, than to leave old broken down furniture if that is all you have.
5. Keep the utilities on. If you can't pay for them, list your house with a realtor who will negotiate with your lender about the utilities. Previewing a house on a rainy dark day or in the evening without lights won't get you an offer.
6. Keep the house clean. If you can't do it, hire someone to help. Again, your price will only come down if the property is dirty and buyers feel it's a distress situation.
7. The lender will require you keep your homeowner's insurance policy in force. Check with the company so you know how you are protected with a vacant property.

These are just some basic ideas. Contact me to discuss your individual situation - don't get to foreclosure - there are options! I've handled many short sales for buyers and sellers, and just finished the course to become a Certified Distressed Property Expert. I can help!

Sherry Armstrong, Realtor
http://www.sherryarmstrong.com/
sherry@sherryarmstrong.com
http://www.daytonabeachflhome.com/
386-679-3191

Daytona Beach FL Home Sales

I have just reviewed the monthly statistics for our area from the Daytona Beach Area Association of Realtors Multiple Listing Service and I thought you'd like to review the current activity from March 1, 2008 to March 31, 2008.

There are currently 6418 Active residential listings. There are 3691 listed houses as of today and 139 houses have sold between March 1, 2008 and March 31, 2008. There are 1828 listed condos as of today with 26 condos having sold between March 1, 2008 and March 31, 2008.

For a breakdown by price ranges, please contact me directly. There are still great buys available in all price ranges in central Florida but you need a local market expert to help you.

For true local knowledgeable service in the Daytona Beach real estate market, contact

Sherry Armstrong
386-679-3191
sherry@sherryarmstrong.com
http://daytonabeachflhome.com/