Venetian Bay Auction Oct 30, 2010

The Johnson Group, the developer of Venetian Bay is having another auction to reduce inventory. There will be 8 condos, 38 Townhomes and 5 Single Family Homes on the block, 10 of which will be selling absolute.

The condos are 3 bedroom 3 bath and 4 bedroom 3 1/2 bath units originally selling from $382,000 to $525,000.

The townhomes are 2 bedroom 2 1/2 bath, 3 bedroom 2 1/2 bath, and 3 bedroom 3 bath units originally selling from $289,000 to $318,000.

The single family homes are 3 bedroom 2 bath homes and were originally priced from $269,000 to $330,000.

There is no minimum starting bid, and 10 of the units will be selling absolute, which means once the auctioneer accepts a bid, the unit will sell.

AUCTIONEER'S TERMS & CONDITIONS:
BIDDER REGISTRATION: All prospective bidders must register to bid.
TERMS: A $10,000 cashier's check is required for day of auction - Please make the Cashier's Check payable to yourself.
CLOSING: Closing within 30 days of auction.
DOCUMENTS AVAILABLE: Bidder's Information packets will be available on auction day.
REQUIREMENTS OF SUCCESSFUL BIDDER: 10% Buyer's Premium will be added to the final bid to establish the final sales price. The successful high bidder will be
required to sign a Real Estate Purchase Agreement immediately upon conclusion of the bidding.
TITLE: Title will be supplied by seller at seller's expense giving marketable title subject to restrictions of record. Taxes pro-rated per local method.
AGENCY: Auctioneer and its agents are sellers agents.

This last line of the Terms & Conditions is very important, no matter how friendly they are, the Auctioneer and their Representatives work for the Seller.

I work for you. I will be happy to preview these properties with or for you before the auction and will preregister you for the auction. If you are out of town, and won't be here for the auction, I can act as your agent and bid for you. I will be happy to preview the units and take photos for you as well.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

DR Horton Floor Plans in Venetian Bay

DR Horton has released the floor plans for the homes in Venetian Bay, Savona North. Savona is located between the Town Center and the Golf course. Each home is concrete block construction and features a barrel tile roof and a 2 car garage with entry from the back of the house.

Floor Plan	Sq. Ft.	Beds	Baths	Stories	Priced From
Medina	1,416	3	2	1	$139,990
Adriano	1,660	4	2	1	$146,990
Viscaya	1768	3	2	1	$149,990
Segovia	1,903	3	2	1	$155,990
Palermo	2,180	4	2	1	$174,990

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

DR Horton Offering $20,000 in Free Upgrades in Venetian Bay

DR Horton broke ground and are building homes in Venetian Bay. As you can see from the photo, the model home is well under way. As an incentive they are giving away $20,000 in upgrades with new "to be built" homes. What a great opportunity to put in that Granite, Stainless Steel Appliances and Lighting, or upgrade to the optional owners bath, exterior elevation and larger patio.

Contact me, Bill Hellums to receive your free Energy Star Side-By-Side Refrigerator with purchase of a new DR Horton Home.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

DR Horton Prices Starting under $140,000

D R Horton has set the prices for their new homes in Venetian Bay. D R Horton has over 100 lots in Venetian Bay, Savona North and South areas. The 3 bedroom 2 bath single family homes in Savona North will start at 1416 square feet for $139,990. Other models will include single and two story homes with 3 and 4 bedrooms. All homes will have a rear entry garage. The 1660 square foot model price begins at $146,990. The 1903 square foot model will begin at $155,990 and the 2180 square foot model begins at $174,990. D R Horton pays closing cost and 100% USDA financing will be available. As always, contact me, BILL HELLUMS, REALTOR® at 386 760 7607 to receive an even lower price on your new home.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Will the Administration Bring Back the Homebuyer Tax Credit?

Home sales during the month of July were worse than expected and the buzz about a possible revival of the federal homebuyer tax credit has begun.

I meet with Gov. Charlie Crist, who is running as an independent for a Florida Senate seat on Friday evening, and asked him if he would be in favor of bringing the Tax Credit back. Gov. Crist responded that he would support bring the credit back and that it would be a big boost to the Florida economy.

On Sunday's CNN’s “State of the Union” program, Housing and Urban Development Secretary Shaun Donovan said.

“The July numbers were worse than we expected, worse than the general market expected, and we are concerned,....We’re going to continue to make sure folks have access to home ownership,” When asked about the First Time Home Buyers credit, he said “All I can tell you is that we are watching very carefully,” “We’re going to be focused like a laser on where the housing market is moving going forward, and we are going to go everywhere we can to make sure this market stabilizes and recovers.”

Gov. Crist, also on the program said a reinstatement of the homebuyer tax break “would be a great lift” and “would stimulate the economy…[and] increase home sales in Florida.”

“People are hurting, and they’re looking for answers. And that would be a good one. I would absolutely encourage the president to support [another homebuyer tax credit],” Crist told CNN.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

New Builder is coming to Venetian Bay

D. R. Horton is coming to Venetian Bay. They have bought the land previously owned by KB Homes. They are a great builder and their homes are very reasonably priced. They currently are selling 3 bedroom 2 bath homes in Port Orange in the $150,000 price range. They will be a welcome addition to our community. I have a good working relationship with D. R. Horton and look forward to helping my clients obtain the best deal on a new home purchase.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Time is running out for the First Time Home Buyer Credit

We only have 15 days left for the First Time Home Buyer Credit. There is still time to get a contract by the end of the month and close by the end of May, but time is definitely running out.

Most of the homes on the market right now are short sales and bank owned foreclosures, and there is no way to guaranty you will be able to meet the deadlines on these homes.

The best bet is with a new construction home, the problem with this is most builders stopped building spec homes when the market started going bad, so builder inventory is very small.

The other option is conventional sales, you remember those, that is where an individual places their home on the market and a buyer can negotiate a price without 3rd party approval from a bank.

Whichever route you chose, always have a Realtor on your side tor represent your interest. Call me today to find the home of your dreams.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Buying Property with your IRA

Did you know you could buy Real Estate with your IRA? Housing prices are low, and now is a great time to scoop up a great bargain that will return a regular monthly dividend, in the form of a rental check to your retirement portfolio.
If you don't have enough money in your IRA, you can buy a percentage of a property. For instance, if you and your spouse each have $100,000 in your IRA, you could each buy 50% of a $190,000 house and still have $10,000 to cover expenses.
Not only will the value of the property likely increase, you will also be increasing the value of your IRA with the monthly rental income. And if you are using a Roth IRA, it will be all tax free income when you retire.
Call me today to discuss this great opportunity to take advantage of the low housing prices.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/