Buying a Home with Golf Cart in Destin or Walton County, Florida? How to Register Your Low Speed Vehicle

You are buying a house in Miramar Beach, 30A, or Destin, Florida, and it comes with a golf cart – or does it?  I just sold two houses in Walton County that included “golf carts”.  However, one of them was really a “low speed vehicle” (LSV). What’s the difference?  In Florida, a golf cart is designed for use on a golf course or for personal use. A golf cart cannot go over 20 mph.  A low speed vehicle, on the other hand, can go 20-25 mph, and has Federal safety requirements.  Some of those requirements are:

  1. Headlamps
  2. Stop lamps
  3. Turn signals
  4. Tail lamps
  5. Reflex reflectors
  6. Parking brakes
  7. Rearview mirrors
  8. Wind shield
  9. Seat belts
  10. Vehicle identification number

In Florida, anyone driving a low speed vehicle (LSV) must have a valid driver’s license. The vehicle must also have Personal Injury Protection (minimum $10,000) and Property Damage Liability (minimum $10,000) issued from a Florida licensed insurer.  Low speed vehicles may only be driven on public streets where the posted speed limit is 35 mph or less. Golf carts may be converted to low speed vehicles if Federal safety requirements are met and registration is completed.  Golf carts may have different local safety requirements, and do not need to be covered by insurance (you can still insure them on your homeowner’s policy). Golf carts may only be driven, per Florida statutes, by someone 14 years or older, on golf-cart designated roads, with speed limits of 30 mph or less.

To register a low speed vehicle that was included in your new home purchase in Walton County or Okaloosa County, you must get the title signed by the seller, a Bill of Sale, proof of insurance, pay appropriate fees and provide documentation to the local tax collector.  You can complete the daunting six-page packet to register your low speed vehicle here.

Here is a summary of resources if you are buying a home with a golf cart or low speed vehicle in Okaloosa or Walton County, Florida:

“Your Guide to Drive Florida -Low Speed Vehicle, Golf Cart, Off-Highway Vehicle”

“How to Register Your Low Speed Vehicle in Florida” and other motor vehicles

Video Guide to Golf Carts or LSVs from the State of Florida

Florida Highway Safety and Motor Vehicle Guide to Low Speed Vehicles

 

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, lists and sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Inlet Beach, Freeport, Okaloosa Island, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

4026 Willis Way, Milton Florida – Extraordinary 4 Bedroom Home near NAS Whiting Field

New listing at 4026 Willis Way, Milton Florida 32583 near NAS Whiting Field

Exceptional home near Naval Air Station Whiting Field, ready for immediate occupancy.  You’ll be wowed by the meticulous care! The hard wood floors gleam!  This Southwoods home on half-acre lot has remarkable updates and a thoughtful multi-use floorplan. Note the custom cabinetry in the kitchen with pull-out drawers, extended countertop, stainless appliances, double-oven, and sunny breakfast nook.  With four bedrooms, one could be a separate craft room with its built-in cabinets.  The refined den makes a statement with French doors and elegant built-in storage.  The big, bright master bedroom offers privacy from the secondary bedrooms, and is ample enough to allow generous seating.  Custom cabinets in the updated master bath and master closet are lifestyle enhancements.  The outdoors beckons with a large Florida room where the quiet sounds of nature can be enjoyed in solitude. There are two adjoining patios, one with a three-person hot tub.  The private yard is punctuated by planter boxes to grow a garden, a large shed, and plantings offering blueberries and figs. The roof was replaced in 2020 ($12,000), new top of the line windows installed in 2019 ($23,000). The air conditioner has been replaced. There is an extra parking pad and two gates to the fenced back yard.  Living here provides quick access to NAS Whiting Field, 11 miles away, I-10 highway access and the Gulf of Mexico beaches and Pensacola center are within easy reach.

     

4026 Willis Way, Milton Florida is offered for $272,900.

Watch the virtual tour.

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

 

How to be the Winning Buyer if You Are Not Local – Emerald Coast of Florida

 

I’ve seen it happen again and again. A buyer is out-of-state and has their eye on a piece of property for sale in Destin, Fort Walton Beach, Niceville or Santa Rosa Beach, Florida.  Not being in town, they are at a disadvantage compared with local buyers who are lined up to personally view homes the moment they hit the market. Those local buyers write an immediate offer and win the sale.  Out-of-town buyers are afraid.  They want to see the property in person.  They want to see the neighborhood. They want to think about it.  They are nervous because they are not in town. And they lose. They don’t write an offer in time, or if they do, it’s too low.

It’s time to stop messing around.

Not that many homes are “hitting” the market. Inventories are down over 20% from a year ago.  There are not enough properties for sale on the Emerald Coast of Florida to meet buyer demand, thus they sell almost immediately, especially single-family homes (versus condos or lots).  Average days on market is about 30, but just a cursory look at today’s MLS hot sheet, I see days on market to pending ranging from “0” to “11”.  It seems as though Destin-Fort Walton Beach metro real estate is selling faster and faster, especially for owner-occupied residences or second homes. Real estate agents are begging other agents and sellers to list their properties. (A common solicitation email would state “I have buyers coming to town this weekend – please send me whatever pocket or upcoming listings you have up to “X” price with “X” criteria!”) If a hot property hits the market, it is normally sold within a matter of  hours.  Sellers are putting deadlines for offers to come in, as they cannot keep up with the interest – and it would not stop.

How are you, then, being out-of-state, going to win a multiple-offer bid on your perfect Niceville, Santa Rosa Beach or Fort Walton Beach home for sale?

  1. Don’t mess around.
  2. Have your pre-approval or cash proof of funds in PDF format.
  3. Have your real estate agent picked out. This should be someone who responds quickly and is experienced.
  4. Be ready to write over full price. Yes, over asking price.
  5. Know the neighborhood you are interested in. You can get automated updates for sales and listings here. Your knowledge will reduce your fear of price.
  6. Do not ask the seller to make repairs i.e. write an “as is” offer (with right to inspect).
  7. Have a short inspection period – for example, five business days. A good buyer’s agent should be able to arrange this for you. If you are confident, you can waive the inspection. That would put you in the plus column to make up for your “out-of-state” status.  That is, many sellers would prefer to sell a home to someone who looked in person, all other things being equal. They are aware that buyers who come in from out-of-town for an inspection may cancel the contract upon viewing, and what seller would want to waste time?
  8. Do not ask the seller to pay your closing costs.
  9. Consider paying your own agent (this will save the seller’s expenses on commission).
  10. Close fast.
  11. Don’t load up the contract with extra addenda.
  12. Don’t load up the contract with extra contingencies.
  13. Don’t make your sale contingent on personally viewing (see #7 above).
  14. Don’t wait for “in person” video – you may not have time.
  15. Make up your mind that you will act fast and be decisive in advance – before your “right” property hits the market.

IF – IF you really want to live on the Emerald Coast of Florida and purchase a home now, and you don’t live here, you just have to go for it. Be brave. Trust your desire.  Get the house.

 

It’s Wendy… It’s Sold!

Wendy Rulnick Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, sells short sale, pre-foreclosure, REO and traditional real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Okaloosa Island, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

Get Judgments Resolved at Beginning of Short Sale Process and Other Advice – Destin FL

Short sales are fewer than they used to be, but they are still around on the Emerald Coast of Florida.  I recently inquired about a short sale listing in Destin, Florida that was represented by another real estate agent. Without going into the agent specific idiosyncrasies, this seller deserved better handling of his short sale listing.

Quick points:

The agent specified that the buyer pay title insurance. Actually, in most short sales, the short sale lender will pay title insurance on behalf of the short sale seller. This added cost makes the property less attractive to a buyer, as it’s not expected that a buyer pay the title insurance for a short sale.

The agent specified that in addition to the purchase price, the buyer was to pay off the seller’s substantial judgment lien for default on a personal loan (unrelated to the sale of the real estate).  This amount was approaching $20,000.  When asked if the amount had been negotiated down with the judgment debtor, the response was it would not be “until there was an offer”. Again, that’s not often the case and not great advice to the short sale seller. In many  scenarios, I’ve had my seller negotiate down a judgment at the beginning of the listing, so there would be a more palatable amount to be paid – by the seller himself – or the buyer. Let’s use $1500 as an example – vs. $30,000?  Which is more likely to procure a sale and attract a buyer?

When there is a known judgment that may affect the ability to sell a short sale listing, face it at the beginning. I ask my potential sellers if they have any judgments or have debt in collections.  If they are not sure, I suggest we run a title search.  The cost is usually around $95. It will forestall future issues, such as dealing with liens and judgments discovered after a property has already gone to contract. A lien or judgment may interfere with a closing and may have to be paid in full prior to a successful sale. Ask your attorney for advice if you are concerned about selling your short sale real estate when you have other credit issues such as a judgment lien.

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, sells short sale, pre-foreclosure, REO and traditional real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Okaloosa Island, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

This site, Wendy Rulnick or Rulnick Realty, Inc. is not providing legal or tax advice. The information provided is for educational and informational purposes only. It is recommended that sellers considering a short sale should consult an independent legal and tax advisor for more information.

763 Sailfish Dr., Okaloosa Island, Fort Walton Beach, Florida 32548 – Just Sold

We just sold another house on Okaloosa Island!

763 Sailfish Dr., Okaloosa Island, Fort Walton Beach, Florida 32548 just sold! This delightful, remodeled home had two quick offers and went under contract the day after listing!  And why not? Extensively updated, this classic beach house had all the important upgrades done. There was a new kitchen with granite counters, new cabinets, appliances, completely updated bathrooms, new light fixtures, hardware, faucets, switch plates. There was all new copper wiring, new porcelain wood-look floors, new closet organizers. The covered outdoor space on this Okaloosa Island home included a huge patio 33 feet long, plus covered front porch, 24 feet long, and rear patio. There was a new storage shed.  The fun outdoors also had a private courtyard with shower directly off the master bedroom. There was a three minute walk to Beach Access #5, to the Gulf of Mexico!

 

Here are the details for 763 Sailfish Dr., Okaloosa Island, Fort Walton Beach, Florida:

1476 square feet

3 bedrooms

2 full bathrooms

Built in 1973

Carport

List price: $375,000.

Sale price: $375,000.

Watch the virtual tour of 763 Sailfish Dr. Okaloosa Island.

 

Some of our other recent sales on Okaloosa Island:

601 Pelican Dr.

602 Pelican Dr.

Summerlin Condo #602

How may I help you sell your Okaloosa Island home and maximize your profit?

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, sells short sale, pre-foreclosure and traditional real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Okaloosa Island, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

602 Pelican Dr., Okaloosa Island, Fort Walton Beach, FL – Sold in 3 Days!

602 Pelican Dr., Okaloosa Island, Fort Walton Beach, Florida just sold!  This attractive Mid-Century Modern home was on a quarter-acre lot that backs up to the the dedicated path to Santa Rosa Sound and intracoastal waters, and across from the Gulf of Mexico beach access. A popular neighborhood, Okaloosa Island is well-known by locals. It retains an old Florida charm with many classic beach homes. Military service members from Eglin Air Force Beach often remember it fondly from being stationed on the Emerald Coast of Florida, and want to make a retirement home on Okaloosa Island. Okaloosa Island is captivating and pedestrian friendly, with seven beach and sound access points. Further east on the island, giant sand dunes are as white as snow, startling to a first time visitor.

602 Pelican Dr. was an older home, as typical of Okaloosa Island, built in 1968, with four bedrooms and three bathrooms, and had an addition with a master bedroom and bathroom. There was a carport with architectural breeze blocks. Set back from the road, the home site offered privacy, but was only one lot away from Santa Rosa Boulevard and across the street from the beach. There were six offers within 72 hours of listing 602 Pelican Dr. for sale.  The final sales price was $329,000.

 

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, sells real estate in Destin, Santa Rosa Beach, 30A, Santa Rosa Beach, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Okaloosa Island, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

Market Update – Emerald Coast of Florida – Summer… It’s Hot!

Real estate pending sales on the Emerald Coast of Florida in August 2020 are going full throttle compared to last year and early April this yearLooking at the entire region, including Destin, Niceville, Santa Rosa Beach, 30-A, Miramar Beach, Fort Walton Beach, Navarre and Crestview, there were 20% more units under contract in the three month period from May to July 2020 compared to the same period in 2019. 2750 houses, condos, lots, townhomes and commercial properties went under contract, compared to 2289 last year, an increase of 461 sales.  Pending sales are a good indicator of the current pulse of the market, as opposed to closed sales, which show the result of activities a month or more prior.  Pending sales track where the market is going.

In addition, average sale prices for the Emerald Coast real estate market are up by 24% compared to a year ago and median sale prices are up by 15% in the Metropolitan Statistical Area. Why is the market so much in favor of the seller? There is limited inventory of properties for sale. COVID-19 has caused reticence in some owners to sell their homes, reducing the number of properties for sale. That, coupled with very low interest rates, averaging under 3%, have caused a strong demand for housing and a corresponding increase in selling price.

Where is the market going heading into Fall and Winter? Keep an eye here for the latest info.

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Executive Office for Lease – Miramar Plaza, Miramar Beach, Florida 32550

Executive office for lease in Miramar Plaza at 12889 Emerald Coast Parkway, Ste. 107A, U.S. Highway 98 East, Miramar Beach, Florida 32550.
Approximately 150 square feet, this work space is elegant with ample privacy, a large hall window and glass door with shades. There are only three private offices on first floor and three on second floor, allowing plenty of room for distance from the other few lessees, who generally don’t step out of their own offices.  The atmosphere is kept well-ventilated and air conditioned.  The office is cleaned thoroughly and regularly. Masks and hand sanitizer are provided for your clients, if desired, at the front lobby desk.
This commercial shared office space for rent in Miramar Beach, Florida, south Walton County, is adjacent to Destin Florida, and the beach is at the end of the street.
Share professional space with other respected firms in a quiet, upscale atmosphere. Use the large “you mean business” conference room with flat screen monitor at your disposal. The kitchen pantry, microwave and refrigerator are yours for your executive snacks and meals. Starbucks coffee, a selection of teas and a variety of snacks are complimentary. There is a dramatic lobby space to welcome your clients.  Wi-Fi, water, electricity are included. 
The Rulnick Executive Center in Miramar Plaza is 2.9 miles west of Silver Sands Premium Shopping and 2.5 miles east of Destin Commons. Drive two minutes to the end of the street to the Gulf of Mexico beach. Have lunch in your car watching the crystal, aquamarine waters, or eat at Pompano Joe’s for a relaxing pause in your productive day.
Conference Room
Free Wi-Fi
Free Coffee and Tea
Sky-high Lobby
Hall glass 
Hall window
Shades
2 minutes to Beach
Professional Atmosphere
Fulfilling all your after-work needs, there is a plethora of shopping and restaurants in Miramar Plaza. Restaurants include Pedro’s Cantina Mexican, Chinese, Thai, and Sushi-Moto. Miramar Plaza has a variety of shops, such as Ava’s Attic, Boca Boutique, KM Jewelers, a physician and more. Call to see if your business will be a fit with this group of ultra-professionals at the Rulnick Executive Center.The executive office is $489 a month for lease.Watch the virtual tour.

For details contact Broker/Owner, landlord:

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Free Home Selling E-Books for Emerald Coast of Florida Residents


Getting ready to sell your Emerald Coast of Florida property? Get your free copy of my “Preparing Your House for Sale” booklet.  My advice ranges from light bulb moments (literally) to clutter and major remodeling projects (those may need a personal look).  I can email you or mail you the hard copy magazine.

Thinking of selling “by owner”?  That’s dangerous and I wouldn’t recommend it, however, if you do, I have a booklet packed with sincere advice on how to be a “FSBO” for you.  I’ll email or mail you a hard copy (or drop it off).

Finally, if you do want to list your Emerald Coast real estate, “Wendy’s Home Seller” booklet can be yours, free. Let me know what format you want, email or hard copy.

Do you want all three home selling booklets? Email or call me today, and I’ll get them to you!

 

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
itswendy@rulnickrealty.com

Crestview VA Compromise Short Sale Approved – 769 E Chestnut Ave.

This VA Compromise short sale was recently approved in Crestview, Florida.  If you are a veteran or active duty military stationed at Hurlburt Field, or Eglin Air Force Base, you may very well have a Veterans Association home mortgage loan.  If you are unable to make your mortgage payments and your home value is less than your mortgage payoff, there may be assistance available. Reasons for inability to make mortgage payments include: PCS to another duty station, death of a breadwinner, divorce, medical obligations, caretaker expenses, etc.  It’s also not uncommon for Eglin AFB service members to rent out their homes after PCS orders. When there are problems with tenants or the property itself, selling the home becomes a priority in order to avoid foreclosure. The solution for upside-down homes (mortgage payoff and selling expenses are greater than sale proceeds), may be VA Compromise Sale.

This property at 769 E. Chestnut Ave., Crestview, FL was challenging to sell. The main issue was a neighboring house with multiple barking dogs that put off many of the potential home buyers. To complicate matters, the loan was also transferred to a new servicer when an offer was received.  Originally with Chase Mortgage, the file was transferred to Carrington Mortgage Services.  After the offer was submitted, Carrington ordered a VA appraisal.  Interestingly, the buyer’s original offer price was raised at the buyer’s lender’s request. The buyer’s loan was also VA, and it was his second VA mortgage– the first was still active.  The minimum VA mortgage amount in those cases is $144,001.  This exceeded the VA liquidation appraisal value, and the required net proceeds of a minimum 84.05%, per VA guidelines. The short sale was approved.

If you are in a situation with a VA home loan in the Crestview, Fort Walton Beach, Destin, Freeport or Navarre areas, and need to sell, but your mortgage balance is higher than market value, give me a call.  We can explore VA Compromise short sale as an option.

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, sells short sale, pre-foreclosure, REO and traditional real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

This site, Wendy Rulnick or Rulnick Realty, Inc. is not providing legal or tax advice. The information provided is for educational and informational purposes only. It is recommended that sellers considering a short sale should consult an independent legal and tax advisor for more information.