Davidson Realty, Inc.

How is the Real Estate Market?

September 18, 2009

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Posted by in News, Short Sales

Sherry_DavidsonHow is the real estate market? I hear this question a lot. My answer lately has been that activity is up dramatically, but prices are not. Here are three trends that I like to watch.

1. Inventory levels
The number of active listings in the Northeast Florida Multiple Listing Service continues to decline. There are 14,945 properties for sale in August 2009 compared to 18,326 in August 2008. There are 18% less properties for sale. The months supply of inventory dropped from 17.1 months in August 2008 to 12.6 months in August 2009. Six months of inventory is when the market is most balanced.

2. Pending Sales
The pending sales in August 2009 are up 48% over August 2008. We have seen a large increase in the number of buyers looking for a home and the contracts that are being written.

3. Prices
The median sales price is down 17% from last year and 25% from two years Read more

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Short Sales Made Easy with Laurette Martin

September 11, 2009

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Posted by in News, Short Sales

Laurette MartinI wanted to share a happy short sale story from a customer of Davidson Realty agent Laurette Martin.

“I would like to pause a moment and give a big THANK YOU to Laurette Martin for the work she did on the short sale of an investment property I owned in Turnberry in the World Golf Village. After the death of my husband, I just couldn’t keep up with the bills and upkeep. Renting it seemed impossible and the bills kept mounting. I was seeking a deed in lieu of foreclosure with my lender. Fortunately, Laurette knew just how to handle all the details of a short sale and was able to present a realistic offer to the lender (with back-up offers)! She was able to provide the best possible scenario, given my circumstances. Thank you, thank you, thank you, Laurette for how professionally and confidentially you handled this transaction. I am so relieved and the new owners are so happy with their find.” Anita

If you or someone you know is having trouble making your mortgage payment, there are options available to avoid foreclosure. Davidson Realty Read more

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Avoid Foreclosure: Get Help with your Distressed Property

August 31, 2009

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Posted by in News

help with distressed propertiesAre you having trouble making your mortgage payments? You are not alone. The statistics are staggering. The Mortgage Bankers Association numbers as of August 20, 2009 show nationally 4.3% of all mortgages are in foreclosure and 8.22% are in default (30+ days late). That means 13.16% of 45 million mortgages are in distress.

A scarier statistic to me is that more than 7 out of 10 homeowners go into foreclosure without visible intervention. There are options for people facing foreclosure and there are people trained to help, specifically Realtors with the Certified Distressed Property Expert (CDPE) designation. Northeast Florida’s Davidson Realty has 19 agents with this designation able to help you.

Five major reasons why you want to avoid foreclosure:

  1. You will always have to disclose a foreclosure on any mortgage application and many job applications. A foreclosure is the most devastating credit issue you can have in relation to future credit availability.
  2. You will be ineligible for a government insured loan for 5 to 7 years (only 2 years in a short sale).
  3. Many current or prospective employers run credit checks. Foreclosure can put a current or potential position in jeopardy. Read more
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The Davidson Companies Named one of the Best Companies to Work For in Florida

August 26, 2009

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Posted by in Awards, News

Courtyard at Davidson CompaniesEarlier this month, the Davidson Companies was named the number two best company to work for in Florida by Florida Trend magazine.

The first statewide Best Companies list, The Best Companies to Work for in Florida appeared in the August issue of Florida Trend and on FloridaTrend.com.

The company is extremely proud of this honor. As a small business, the talents, skills and contributions of each and every one of their employees is respected and valued. Therefore, the company has worked to build an environment that makes its employees feel respected and happy in their jobs. “But without great, dedicated employees, that environment would not exist,” says vice president Sherry Davidson. “So this honor is really for each of our employees; who make The Davidson Companies one of the best to work for.”

The Best Companies To Work For in Florida program was created by Florida Trend and Best Companies Group. Companies that participated in the program underwent a two-part survey process that evaluated each company’s Read more

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Top 7 Northeast Florida Real Estate Agency

August 24, 2009

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Posted by in Awards, News

Northeast Florida Real EstateWe are proud to share that we are ranked number seven by the Jacksonville Business Journal for top residential real estate agencies in Northeast Florida. The Business Journal uses value of area houses and lots sold to compile the list each year. In 2008, which wasn’t the best year for real estate sales, our team of 24 agents generated over 100 million in sales!

We believe we continue to do well in this economy because of the work environment we have and the teamwork it promotes. We have a “No-No” jar where we have to put a dollar anytime someone says something negative. Amazingly this helps keep us positive in a light-hearted way. And since the funds raised go to charity, we feel pretty good even if we have to pay!

Every Friday, Jim Davidson, the owner of the company, cooks us lunch. It’s hard to do anything but smile when Jim hands you a burger cooked just the way you want. Because of little things like these, we have also been Read more

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