This Quail Run townhome is pre foreclosure short sale, located in the heart of Destin, Florida. This two story home has a spacious bedroom and full bath on the first floor. The open floor plan and tall ceilings in the living area makes this 3 bedroom unit live big! The kitchen includes a breakfast bar and a back door that makes it handy for outdoor grilling. Two more bedrooms are located upstairs and this is an end unit with a 1 car garage.  The short sale home has access to the community, pool, too! Quail Run is convenient to shopping, restaurants, the Destin Florida beach.

1014 Airport Rd., #166, Quail Run – Destin Florida short sale:  $105,000

Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204

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The post 1014 Airport Rd., #166, Quail Run – Destin Florida Short Sale first appeared on Rulnick Realty.

Yesterday I went for my morning walk,

What is going on here?  Why hasn’t this house sold?

Here is a list of possible reasons:

1.       The street is busy– it is overpriced for the location.

2.       The home is jammed on a little lot– it is overpriced for the lot size.

3.       The home is overbuilt for the neighborhood– it is overpriced compared to the others.

4.       The price was reduced too slowly– behind the rest of the market.  Hmmm… still overpriced.

5.       The sellers and all 4 agents think it is worth too much– it is overpriced.

6.       No one is buying– yes they are, but they are buying at the right price!
The bottom line is always the price.   You can hire the most brilliant real estate agent in the world, you can have the best-kept home in the neighborhood, you can have the most sought after location in town, you can have more advertising than every other home for sale.   But no matter what you do for marketing, no matter what agent you hire, no matter what you think your home is worth- it is not going to sell if it’s not priced right. 

It’s Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

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Destin Short Sales & Pre Foreclosure Help.

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Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Email Wendy to sell your home or buy a home: itswendy@rulnickrealty.com

The post That House Is STILL For Sale? first appeared on Rulnick Realty.

The home, the setting, the location. This home at 36 Calypso Cay is the epitomy of  “Destin Florida“.  This inviting Destiny By The Sea villa is designed for entertaining. Huge open kitchen with breakfast bar big enough for Thanksgiving gatherings. Wonderful space for dining, lounging and relaxing in the great room with fireplace. Wrap around porch offers excellent views of pool space with opulent greenery. Master suite is on its own floor with private balcony. First floor has a family room with wetbar which is used as fourth bedroom. Spanish lace walls, bull-nose corners, high ceilings, transom and bow windows.

Your new Destin home is just two minutes to the water. This gated subdivision has no main roads to cross to enjoy the beach and the boardwalk. Destiny By The Sea has three heated pools, two hot tubs, tennis courts, fitness center, children’s playground and a private beach on the Gulf of Mexico. As a rental this home can accomodate 12-17 guests. Move to Destin Florida to the place you’ve always dreamed of. 

Offered at $977,000.

The post 36 Calypso Cay, Destiny By The Sea, Destin Florida Home for Sale first appeared on Rulnick Realty.

1.  There were 34 condo sales in Destin for April 2009.  This figure is down from March, but there is no definite trend.  Monthly sales volume decreaseed, as well.

2. The average Destin condo list price is $420,397.  This is down from $711,000 one year ago! 

3. The average Destin condo sold price was $375,739.  This is down from $639,000 one year ago!  But the sale price is up from January and February, and less the the March average.

4. The price per square foot is down to $260, down from $346 one year ago.

5.  The median sold price for Destin condos is $297,500, the same as March.

6. The percent sold to list price is about 89%, fairly stable over the past year.

7.  There are 1977 condos for sale in Destin, a slighty lower inventory level than one year ago, but not showing a strong downward trend.

8.  There is a 58-month inventory of condos for sale.  That means, it would take almost five years to sell all the condos on the market at the current rate of sales.  A “normal” market is 6-7 months inventory.

The bottom line is that no clear trend is emerging in the Destin Florida condo market.  If you analyze the chart, some of the indicators have bounced around during the last few months.  One of the major problems affecting Destin condos is the severe Fannie Mae guidelines for Florida.  Condos with delinquency rates for homeowner assocation dues over 15% will be denied funding.  Condos cannot have daily check-ins, so called “condotels”.  All projects must be approved by Fannie Mae, which can delay sales a month or more.  Buyers must have 20-25% down.  And on and on.  The guidelines are shrinking the pool of buyers, and will no doubt have a continued negative affect on sales and prices, outside the normal market decline we have been experiencing.

Fore more information, email me at itswendy@rulnickrealty.com

It’s Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Destin Real Estate Blog

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Call Wendy Rulnick, Destin real estate agent, to list and sell your home or condo or help you buy a home or rental property on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County-  Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.   Wendy is a short sale and pre-foreclosure specialist and can help you sell or buy a short sale property in and around Destin

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The post Destin Florida Condos – Market Report first appeared on Rulnick Realty.

1112 Airport Rd., Destin FL 32541

Roll up your sleeves… this Destin FL home is a project. You will need: 2 sinks/vanities for the bathrooms, kitchen cabinet fronts, an oven, floor tiles, paint, grass seed, and pick-up truck to haul away debris. You will get: a spacious home, adding square footage not included in the 1321 from partially finished garage- (could reconvert by the way), much tile, split floorplan, stone fireplace, large yard and 2006 roof with dimensional shingles. Seller says personal property will be removed.

List Price:  $138,000

The post Destin FL Property – Fixer-Upper first appeared on Rulnick Realty.