Davidson Realty, Inc.

Davidson Realty’s Presence in Palencia Grows

May 4, 2010

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Posted by in News

rutenbergWe’re proud to announce that Davidson Realty has been selected by Country Club Homes of Florida to market its Arthur Rutenberg residences in Palencia’s upscale enclave Monterey. Davidson Realtors Ted Tyndall and Carol vonRabenstein are representing the courtyard-style Palencia homes which feature superior construction and 15 unique designs, starting at $499,000.  Says Davidson Realty President Sherry Davidson, “We’re thrilled to expand our real estate offerings in Palencia with these stunning, high-quality Monterey collection homes.” Earlier this year, Davidson Realty was tapped by ICI to represent its Bella Terra models. Read more

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Jim Davidson Sees Historical Parallels in Real Estate Market’s Ups & Downs

April 16, 2010

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Posted by in News

Jim Davidson web CJim Davidson, Master Developer of World Golf Village, has been through tough real estate markets before. In fact, he finds the parallels between the real estate market woes of the 1970s and today especially compelling.  Back then, his no-nonsense, analytical approach to value assessment and debt-to-equity balancing helped real estate developers navigate through tough times. That same approach has ensured Davidson Development’s ongoing success even through recent tough times.  It’s also sought after by other developers who consult Davidson to fix their own balance sheets. According to Davidson, “Everyone knows the real estate industry has cycles. That’s no secret.  The key is realizing that every new cycle is a game changer. So you must be able to look at every project with a fresh, focused eye.” Read more

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Realtor Puts Money Where Mouth Is!

March 18, 2010

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Posted by in News, Rentals

So I was talking to a few Davidson Realtors the other day. They were telling me about how investors are starting to come back into the market. Of course, I asked why they thought this was happening. One of them explained that it is a combination of things. Obviously the prices of homes right now are ridiculously good. And the interest rates are good too. But I wasn’t aware that the number of rental properties is way down, but the demand is way up. (This must be why Davidson Property Management is currently looking for houses to rent!) If an investor has the ability to buy St. Augustine, FL homes right now, they may get a great home at a great price and potentially rent it out for a profit! I told them I wanted to write a blog on this and they told me to talk to one of Davidson’s other Realtors because he had a great case study for this.

The agent told me a story that I just love! He showed a home, originally purchased for $370,000, which was listed for $240,000. (I’m not kidding about there being incredible values out there right now!) The potential buyer said she couldn’t go higher than $204,000. The Realtor made the offer and the seller accepted. However, the buyer changed her mind. The Realtor explained to the buyer that this was an amazing opportunity and if she didn’t want to take advantage of it – he did! She still declined to sign the offer, so the Realtor made the same offer and it was accepted.

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Last Chance for Tax Credit Savings

March 11, 2010

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Posted by in News

iStock_000005410463XSmallWith the home buying tax credit set to expire April 30th, there’s no time to waste to find out if YOU qualify for this once-in-a-lifetime opportunity.  From now through  April 17th, Davidson Realty is holding Tax Credit Open Houses each Saturday where on-site experts will help you determine how much Tax Credit you may qualify for. Stop by on Saturday anytime between 10:00 am and 2:00 pm and we’ll explain the $8,000 tax credit for first time buyers and the $6,500 for current home owners; answer home buying questions; pre-qualify people for loans; and review area communities as well as individual homes.

The Worker, Homeownership, and Business Assistance Act of 2009 extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.  If you purchase a home by April 30, 2010 and close by June 30, 2010, you may qualify for one of the two available tax credits. The first-time homebuyer credit is for buyers who have not owned a home during the last 3 years. The other credit is for current homeowners who have used the home they are selling or vacating for 5 consecutive years within the last 8 years. The credit is 10% of the purchase price of the home up to $8,000 for first-time homebuyers and $6,500 for current homeowners. Read more

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Take Advantage of The Tax Credits Before April 30th!

February 10, 2010

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Posted by in Events, News

Young couple planning their household expensesMy daughter just closed on her first home in January. She got a great deal on a short sale in St. Augustine. I helped her file her tax return last week and it is amazing that she will receive a check for $8,000 from the Internal Revenue Service due to the first-time homebuyer tax credit.

If you purchase a home by April 30, 2010 and close by June 30, 2010, you may qualify for one of the two available tax credits. The first-time homebuyer credit is for buyers who have not owned a home during the last 3 years. The other credit is for current homeowners who have used the home they are selling or vacating for 5 consecutive years within the last 8 years. The credit is 10% of the purchase price of the home up to $8,000 for first-time homebuyers and $6,500 for current homeowners.

There are only two other considerations:

1. The home you purchase must be $800,000 or less. Read more

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