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Traditions Property Blog

Category Archives: Traditions Property Blog

Foreclosures Going Fast as Housing Flipping Makes a Comeback

By | Traditions Property Blog

For several years, house flipping was a huge trend in the housing market. As part of the house flipping practice, investors would purchase foreclosures and then fix them up so they could re-enter the market as a higher priced property sale. When the housing market took a hit, so did the house flipping practice. Some investors stayed in business by purchasing Jacksonville foreclosures and opening them up for rental property management, but others abandoned the practice altogether.

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The Boom of New Construction Property Sales

By | Traditions Property Blog

A number of surveys and economic trends coming out lately indicate that the economy and the housing market are on a positive swing. This is especially true here in Jacksonville, where the city ranks within the top 100 improving markets in the entire United States. The downtown core of Jacksonville is also experiencing urban revival and homes throughout the First Coast are spending less time on the market before finding a buyer.

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Tools for the New Homebuyer

By | Traditions Property Blog

Congratulations! You just bought your first home. You sifted through all of the property sales in Jacksonville, explored different foreclosures in Florida and decided against pursuing another year of rental property management. You officially own your own home—now what?

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Renovation Mortgages and Florida Foreclosures: A Great Combo

By | Traditions Property Blog

Florida foreclosures are a great way to purchase a home on a dime. As foreclosures in Jacksonville–as well as around the rest of the nation–have steadily remained popular over the past several years, more people have looked to property sales in Jacksonville as a mode of investment. Property sales are a great way to invest money, especially if you are willing to purchase a home that could stand for a substantial amount of home improvements. That is why it comes as no surprise that “renovation mortgages” are becoming more and more popular—especially here in Florida.

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Higher Costs Meaning Fewer Renters

By | Traditions Property Blog

It is a matter of basic economic principals—supply and demand. Since 2008 and the onslaught of economic hardship in the United States, more people have turned to renting their homes as property ownership became less of a possibility for many people. The rise in Florida foreclosures contributed to this, as families, students and young professionals all sought temporary housing and support from rental property management.

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Saving Energy on a Dime

By | Traditions Property Blog

Whether you are looking at Florida foreclosures, other classes of property sales in Jacksonville or even rental properties, management of your energy costs is the same for just about everyone—and it can be expensive. The amount of money that Americans put into their energy budgets has grown steadily over the past decade. For those who make less than $50,000 annually, energy costs now make up over 15 percent of their annual budget. This means that for a lot of the population, a large chunk of their income is being used on basic expenses like lighting, air conditioning and water that could instead be being used for things like property investments in Jacksonville foreclosures.

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A Garden Helps a Community Grow

By | Traditions Property Blog

We can talk about Florida foreclosures, rental opportunities and property sales in Jacksonville all day long. We can discuss the latest trends in real estate, what economic signs indicate in regards to buying and selling a home and other tips you need to know when you set out to purchase a house. All of this information is pertinent and serves its place in the conversation around finding a home. What these types of tips can’t tell you is what type of community your future home is in, and when it comes to finding a new home, finding an area that you will enjoy living in is just as important as the walls that will form your house.

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Your First Line of Home Searching Support

By | Traditions Property Blog

No-one ever said buying a house is easy—and if they did, they were probably overlooking something. There is a reason so many people turn to professionals for support when buying and selling their homes. In Jacksonville, foreclosures and property sales take a lot of time, paper work and frustration. Even the rental process is stressful, making rental property management in Jacksonville a necessity for tenants and landlords alike.

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Rental Property Management in Jacksonville’s Downtown Core is Thriving, Finally.

By | Traditions Property Blog

Well, maybe thriving is an overstatement—but it is a fact that more and more renters are flocking to Downtown Jacksonville. Rental property management in Jacksonville’s downtown area has always taken a backseat to the more suburban communities on Jacksonville’s Southside or near the beaches. But that is all starting to change. For an area that is low on rental opportunities and high on vacant buildings, the urban core of Jacksonville is seeing a great deal of traffic by young professionals who are hoping to rent homes closer to where they hope to also find work.

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That was Fast! Property Sales in Jacksonville are Moving Quicker

By | Traditions Property Blog

Here today, gone tomorrow. That is a property sales theme that home owners in Jacksonville crave. Unfortunately, over the past several years the amount of time homes have stayed on the market for extended periods of time. When the housing market was at its prime in 2004 and 2005, the average house sold in only four weeks. This was a great incentive for those who wanted to sell their homes, and for those looking to buy it was crucial to act on a property quickly, as it might be gone the next day.

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From Florida Foreclosures to Property Sales in Jacksonville—Remember These Tips!

By | Traditions Property Blog

If you are like most people, then setting out to find a new home isn’t something you do every day. For those who purchase investment properties, searching through Florida foreclosure lists or viewing potential property sales in Jacksonville might be commonplace, but for those looking for a new home, experiences between buying your first house and looking for a second home could be years apart.

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Builder Confidence is Up in the 55 + Housing Market

By | Traditions Property Blog

As the generation of baby boomers continues to age, more and more talk has been allocated to the discussion of the housing market and property sales for the 55 and up crowd. Are boomers going to stay put or are more retiring Americans going to continue selling their houses and move towards sunnier shores. Florida foreclosures have been a point of interest for many adults who choose to move to Jacksonville and other areas of the state as they retire, but there is still a large market of new construction homes for adults 55 and up.

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Changing Times Could Mean Rise in Property Sales in Jacksonville

By | Traditions Property Blog

It’s impossible to predict the future, so when it comes to predicting and anticipating shifts in the housing market it is all experts can do to look to the past and consider if what happened once might happen again. While the housing bubble of the 1980s was only moderate in comparison to the bubble of the 2000s, it is possible to look at that situation and gleam a few pointers as to what might be the best course of action for potential buyers now.

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Property Management in Jacksonville: Boosting Jobs and Making the Rental Process Easier

By | Traditions Property Blog

There is a lot of talk about the benefits of owning a home. Owning your own home provides investment opportunities, opens the door to additional tax deductions, gives the owner more borrowing power and offers an increased sense of stability that often benefits the entire family. However, purchasing a home isn’t right for everyone. Whether you aren’t willing to commit to a location, are hoping to grow more in your career before you buy or aren’t willing to take on the responsibility of owning a home for whatever reason, renting is a viable option that comes with a slew of benefits of its own.

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Good Relationships with Property Sales and Property Management Agents is Hard to Find

By | Traditions Property Blog

The results are in, and it turns out that a lot of people are drastically unsatisfied with their real estate experiences across the nation. This month J.D Power and Associates released its fifth annual seller and homebuyer satisfaction survey. J.D Power and Associates conduct this study every year as a way to gage the opinions and confidence of both buyers and sellers.

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While Florida foreclosures drop, Jacksonville foreclosures remain high

By | Traditions Property Blog

The number of foreclosures in South Florida is on the decline, but the Jacksonville area remains one of the highest areas for foreclosure in the United States. This news comes with mixed emotions for a lot of people. Last month the rate of foreclosures in South Florida dropped 15 percent, which might make a lot of otherwise skeptic potential buyers become a bit more willing to make an investment in purchasing a home. However, a high foreclosure rate opens the door for big investment opportunities for others, and in Jacksonville foreclosures are at one of the highest rates in the nation.

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Back to School Equals Lots of Stress for Jacksonville Residents

By | Traditions Property Blog

It is August, and that means time for back to school throughout all of Florida. Foreclosures, rental agreements and property sales in Jacksonville are stressful enough, but now you are faced with figuring out bus schedules, school lunches and getting to know your children’s teachers all over again. For some of us this time of year is a welcome relief from the long unstructured days of summer vacation, but for others back to school is filled with stressors around every corner and we don’t know which way to turn.

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Kickoff Time! Beat the Traffic this Football Season in Jacksonville

By | Traditions Property Blog

It is August and football season is officially back in action—well almost. With the first pre-season game now behind us a lot of Jacksonville residents were given a firsthand reminder of the ghastly traffic situation that Sunday’s bring during the fall. As you’re driving across town for your rental property management or to file papers on more Florida foreclosures the football traffic can be maddening, especially if you are driving from the Jacksonville beaches to downtown, San Marco or the Riverside and Avondale area.

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