Emerald Coast Real Estate iPhone App

Team Baranowski of Keller Williams Emerald Coast announces a FREE iPhone application to search properties along the Emerald Coast!


With an extensive background in high tech software, Team Baranowski utilizes the latest technology to empower their customers to buy and sell Real Estate. “95% percent of our customers use the web and mobile technologies to research Real Estate during their buying and selling process. Our customers demand leading edge technologies to keep them up to date with current market trends. It is imperative that we empower our customers with the best technology solutions available”, said Craig Baranowski.

With this FREE iPhone application customers of Team Baranowski can search any property that is available in the Emerald Coast Multiple Listing Service and the Bay County Multiple Listing Service. “We empower our customers to do GPS location based searches from Pensacola all the way to Mexico Beach. A customer can be looking at a house for sale, bring up the Team Baranowski iPhone application and it will show them all the properties for sale in the area of their current location. They can research the properties from their iPhone and email the properties that they would like to preview.”

As a technology leader in Real Estate, Team Baranowski utilizes the latest in Web 2.0 standards, SEO optimization, Social Networking and advance listing syndication feeds to multiple web platforms including Realtor.com, Google Base, Trulia, Zillow, Homescape, Hotpads.com, Craig’s List, Twitter, Facebook, LinkedIn, Emerald Coast Homes Online, Keller Williams Listing Service and many others. Team Baranowski ensures their customers’ properties are marketed to millions of potential buyers on a daily basis and consistently receives tens of thousands of web hits a week on their websites, weekly newsletters, blogs and Real Estate Radio show.

“Our buyers and sellers are very savvy and their time is extremely valuable. We deliver the best tools and service possible and it is a key differentiator and value proposition for our team,” said Craig Baranowski.

Team Baranowski will be releasing a Mobile Real Estate application for the BlackBerry and Android in the next few months.

To learn more about Team Baranowski of Keller Williams Emerald Coast or download the iPhone application visit www.southwaltonluxuryhomes.com or www.distressedpropertyexpert.net.

IndyMac Approves Freeport Short Sale in 48 Days

It has been a very long year of negotiating short sales. It seems my days mostly consist of keeping buyers and sellers happy while the lender with the short sale package allows it to age like a fine wine. Except there is nothing fine about aging a short sale package. We employ every trick and tactic there is to speed up the short sale process and keep the files moving. 2009 has been a good year with every short sale eventually ending in a positive outcome for both the buyer and seller. It is always a great feeling helping a homeowner prevent a foreclosure.

Freeport Short Sale

This wonderful home in Freeport Florida just closed as a short sale.

Lender: IndyMac

Sale Price: $125,000

Short Sale Package Sent: September 17th

Short Sale Approved: November 5th

Approval Time: 48 Days

Prommissory Note: None

Cash Contribution: None

Buyer and seller and very happy!

If you are a troubled homeowner, or have a family member or friend facing foreclosure, please give us a call for a confidential consultation about the possibility of a short sale.  Call Craig Baranowski at 850.259.1788 or email  us @ info@teambaranowski.com. Team Baranowski has a 100% success rate for all of our short sales for 2009!

Research: Real Estate Market Analysis, May 2009

Every month Team Baranowski will post an in-depth analysis of the Real Estate Market. Over a period of several weeks critical events occur that shape and change the Real Estate Market on a nation and local level. Click here to read and download a complimentary copy of the report.

This report looks at the National Real Estate Market. If you are interested in our South Walton market or specific areas including Grayton Beach, Seagrove Beach, Destin, Sandestin, Rosemary Beach, WaterColor or WaterSound, please call or email Craig or Tracy @ Team Baranowski 850.259.1788 or 850.259.4270.

Podcast- 30A Radio Real Estate Round Up: Short Sales, May 22 2009

30aradio_real_estate_roundup_podcast_small1Podcast #1 of Real Estate Round Up South Walton’s Real Estate News hosted by Craig and Tracy Baranowski on 30A Radio. The weekly broadcast is at 9am CST on 107.1FM in beautiful Seaside Florida, visit www.30aradio.org for a complete program guide. This show covers short sales, foreclosure data, current real estate market in South Walton, Obama Administration Making Home Affordable program, South Walton Luxury Home news and much more.

Bank of America Revises Short Sale Policy

More great news to help out homeowners in distress. Bank of America, one of the country’s largest mortgage lenders, says it is loosening its policies on short sales in response to the U.S. Treasury Department’s announcement last week that it would increase incentives for lenders to work out short sale deals.

The government’s plan is a boon to banks, says David Sunline, BofA’s real estate management executive, because it provides guidance when there are multiple liens, a potentially litigious issue for lenders.

In the past, the bank followed Fannie Mae’s policy of giving second lien holders about 10 percent of the second mortgage balance in a short sale. Now when it holds the second lien, BofA will accept 5 percent of the net proceeds of the short sale, Sunline says. When it is the first lien holder, it will offer 5 percent to the holder of the second lien.

Sunline says homeowners considering short sales should contact the bank within five days of getting an offer on the home and expect its cooperation as long as the offer is within the range of other sales in the area and the borrower can demonstrate financial hardship.

Source: The New York Times, Bob Tedeschi (05/15/2009)

If you or someone you know is looking at buying or selling distressed property…rely on the experts, The Distressed Property Experts of Team Baranowski!
Note: The information provided is for informational purposes. No legal advise is given or implied. Please check with a qualified attorney in your area

Obama Administration announces uniform Short-Sale Guidelines

Daily Real Estate News | May 15, 2009 |

Uniform Short-Sales Guidelines in the Works
Extensive delays in the short-sale process has caused many buyers to go elsewhere and have left would-be sellers with no option but foreclosure. But the picture is improving.

This week the U.S. Treasury announced that it would be providing incentives for borrowers and mortgage services to pursue short sales and other foreclosure alternatives. The program includes a standard short-sales process flow, minimum performance timeframes, and standard documentation, the U.S. Treasury says.

(More information is available on the Treasury Web site and in this PDF document.

The incentives and process guidelines are part of a larger initiative called Making Home Affordable, which helps home owners refinance to avoid losing their home.

“NAR is pleased that the government is stepping in to help prevent foreclosures by streamlining the short-sale and deeds-in-lieu process,” NATIONAL ASSOCIATION OF REALTORS® President Charles McMillan said in a statement. “NAR has been calling for uniform short sales procedures and other initiatives that will help today’s home owners in challenging economy.”

More Collaboration Needed

A panel of experts at the 2009 REALTORS® Midyear Legislative Meetings this week agreed with NAR’s position that more needs to be done to streamline short sales.

“It’s hard to find the right person to talk to, you send in multiple forms multiple times, you’re not sure if the forms were received or processed correctly,” said Marcel Bryar, deputy general counsel and vice president at Fannie Mae.

To reach a set of standards that suits everyone, the government should collaborate with lenders, the real estate industry, and advocacy groups, he said.

“The process is going to take a while,” said David Knight, head of the short sales division at Wells Fargo. “Getting them all to understand what we can all live and deal with is not going to be easy, but that is exactly what’s going to have to happen.”

Panel participants applauded the Obama administration’s efforts to streamline the short sales process, and encouraged the real estate industry to get more involved in formulating this standard.

“It’s going to take some thorough intervention,” said Boyd Campbell, a Washington, D.C.-area REALTOR®. “That’s why I think it’s so important for RPAC to get involved and make sure NAR has the resources to go in and help resolve this problem. This doesn’t just impact us as practitioners. It also impacts all of our homes and communities.”

-Brian Summerfield, REALTOR® Magazine
If you or someone you know is looking at buying or selling distressed property…rely on the experts, The Distressed Property Experts of Team Baranowski!
Note: The information provided is for informational purposes. No legal advise is given or implied. Please check with a qualified attorney in your area.

Most homeowners think real estate market has hit bottom

Many homeowners have a clear understanding of what has happened to the values of their own homes over the past year. A majority (60 percent) believes their home lost value during the past 12 months, according to the Zillow Q1 Homeowner Confidence Survey. The truth is that 80 percent of homes across the country have lost value during the past 12 months, according to Zillow’s first quarter Real Estate Market Reports. Analysis of home values in Walton and Bay County including areas of South Walton, Panama City Beach, Destin, Seaside, Rosemary Beach, Grayton Beach, Santa Rosa Beach and Seagrove Beach also support these numbers.

Another interesting point is that 18 percent of owners believe their home had gained value in the past 12 months, and 22 percent believe its value remained the same.  .

It appears that there is hope for the future as most homeowners – 74 percent – believe their home will not decline in value in the coming six months, effectively calling a bottom to their own home’s housing slide. Many experts in South Walton have also suggested that we are finally reaching are flattening out at the bottom of our market. We are seeing prices stabilize in key areas including WaterColor, Seaside, Rosemary Beach and Santa Rosa Beach. Inventory of aggressively priced distressed properties in Walton, Okaloosa and Bay County are being quickly snatched up and moved out of inventory.  More optimism with the market shows that one in four homeowners (27 percent) think their home’s value will increase in the next six months, while nearly half (47 percent) believe their home’s value will remain the same. Homeowners were similarly optimistic when it came to predicting home values in their local markets. About two-thirds of homeowners believe home values in their local markets will increase (26 percent) or stay the same (37 percent) over the next six months. Thirty-seven percent believe home values will decrease.

The survey results also suggest that many Americans would like to sell their home but are waiting for a market turnaround to do so. When asked about future plans to sell, 31 percent of homeowners said they would be at least “somewhat likely” to put their homes on the market in the next 12 months if they saw signs of a real estate market turnaround.

“The perception of American homeowners is finally catching up to reality, which is that 80 percent of all homes in the country lost value during this past year,” says Dr. Stan Humphries, Zillow’s vice president of data and analytics. “While homeowners are now more realistic when looking backward, they are still pretty starry-eyed when looking forward, with three out of four homeowners believing that their own homes’ prices will increase or be flat over the next six months. Unfortunately, there are few markets we expect to perform this well.

“Also interesting is the information we have for the first time this quarter on the levels of ‘shadow inventory’ – homes that people would like to sell but that aren’t currently on the market, and thus aren’t captured in the official number of homes on the market,” Humphries says. “With almost a third of homeowners poised to jump into the market at the first sign of stabilization, this could create a steady stream of new inventory, adding to already record-high inventory levels, thus keeping downward pressure on home prices.”

Download a copy of the Q1 2009 Homeowner Confidence Survey by Zillow.com

Distressed Property Alert! – Absolute Auction at Island Reserve in Panama City Beach

Excellent Distressed Property Opportunity in Panama City Beach! Roebuck Auctions, a national real estate auction marketing firm, was selected to auction 257 condos and town homes in the luxury resort community of Island Reserve in Panama City Beach. At least 100 units will be sold Absolute and will sell to the highest bidders regardless of price. The auction is scheduled to take place on Saturday May 16 at noon at Island Reserve located at 8700 Front Beach Road.
Island Reserve Resort Community consists of one to three bedroom condominiums as well as three and four bedroom town homes. All the units are serene and spacious with luxurious features like bamboo floors, gourmet kitchens, terra stone tiles, soaring ceilings, crown molding, and stylish lighting. The beautiful emerald coast inspired the exterior colors that seamlessly flow into the lush landscaped courtyards. Whether this is a vacation home or your new private residence, you can enjoy resort amenities in this upscale brand new resort community.
Each condo includes two reserved parking spaces in the attached parking garage with direct access to each floor and the townhomes each have a two-car attached garage. This gated community features a one acre resort style lagoon pool with rock waterfall, lap pool, children’s play area, restroom facility and plenty of lounge area. There is also a clubhouse equipped with a state-of-the-art fitness facility, a half-court indoor basketball, volleyball and aerobic court, a billiard/game room and a media center with 100” theater screen. Between the buildings you will find courtyards with fountains, lush landscaping, walking paths and benches. Island Reserve is located close to shopping, restaurants and the beach.
There will be a pre-auction preview party from 3 to 7 p.m. May 9 with live music, food and giveaways. There will also be an inspection period on May 9 starting at 10 a.m. and continuing through the preview party. Representatives from the auction company will be available to answer any questions regarding the property, available units and the auction process. There will also be an opportunity to pre-register for the auction at this time.

If you are interested in registering for the auction please call Craig Baranowski with Team Baranowski @ 850-259-1788. All registration forms must be in by Thursday May 13th, 2009. This is an excellent opportunity to purchase some distressed property in Panama City Beach.