Destin Florida Real Estate - Keith Bailey Realtor • February 14, 2024

Home Equity Can Be a Game Changer When You Sell

by Keith Bailey

Home Equity Can Be a Game Changer When You Sell

Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains:

“Home equity is the difference between your home’s value and the amount you still owe on your mortgage. It represents the paid-off portion of your home.

You’ll start off with a certain level of equity when you make your down payment to buy the home, then continue to build equity as you pay down your mortgage. You’ll also build equity over time as your home’s value increases.”

Think of equity as a simple math equation. It’s the value of your home now minus what you owe on your mortgage. And guess what? Recently, your equity has probably grown more than you think.

In the past few years, home prices skyrocketed, which means your home’s value – and your equity – likely shot up, too. So, you may have more equity than you realize.

How To Make the Most of Your Home Equity Right Now

If you’re thinking about moving, the equity you have in your home could be a big help. According to CoreLogic:

“. . . the average U.S. homeowner with a mortgage still has more than $300,000 in equity . . .”

Clearly, homeowners have a lot of equity right now. And the latest data from the Census and ATTOM shows over two-thirds of homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity (shown in blue in the chart below):

That means roughly 70% have a tremendous amount of equity right now.

After you sell your house, you can use your equity to help you buy your next home. Here’s how:

Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy your next home without having to take out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates. Investopedia states:

“You may want to pay cash for your home if you’re shopping in a competitive housing market, or if you’d like to save money on mortgage interest. It could help you close a deal and beat out other buyers.”

Make a larger down payment: Your equity could also be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much money. The Mortgage Reports explains:

“Borrowers who put down more money typically receive better interest rates from lenders. This is due to the fact that a larger down payment lowers the lender’s risk because the borrower has more equity in the home from the beginning.”

The Easy Way To Find Out How Much Equity You Have

To find out how much equity you have in your home, ask a real estate agent you trust for a Professional Equity Assessment Report (PEAR).

Bottom Line

Planning a move? Your home equity can really help you out. Let’s connect to see how much equity you have and how it can help with your next home.

Contact Keith Bailey Realtor at 850-830-6771 or Contact here

Destin Florida Real Estate - Keith Bailey Realtor • February 9, 2024

Why Pre-Approval Is Even More Important This Year

by Keith Bailey

Why Pre-Approval Is Even More Important This Year

On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024.

What Pre-Approval Is

As part of the homebuying process, your lender will look at your finances to figure out what they’re willing to loan you. According to Investopedia, this includes things like your W-2, tax returns, credit score, bank statements, and more.

From there, they’ll give you a pre-approval letter to help you understand how much money you can borrow. Freddie Mac explains it like this:

“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”

Now, that last piece is especially important. While home affordability is getting better, it’s still tight. So, getting a good idea of what you can borrow can help you really wrap your head around the financial side of things. It doesn’t mean you should borrow the full amount. It just tells you what you can borrow from that lender.

This sets you up to make an informed decision about your numbers. That way you’re able to tailor your home search to what you’re actually comfortable with budget-wise and can act fast when you find a home you love.

Why Pre-Approval Is So Important in 2024

If you want to buy a home this year, there’s another reason you’re going to want to be sure you’re working with a trusted lender to make this a priority.

While more homes are being listed for sale, the overall number of available homes is still below the norm. At the same time, the recent downward trend in mortgage rates compared to last year is bringing more buyers back into the market. That imbalance of more demand than supply creates a bit of a tug-of-war for you.

It means you’ll likely find you have more competition from other buyers as more and more people who were sitting on the sidelines when mortgage rates were higher decide to jump back in. But pre-approval can help with that too.

Pre-approval shows sellers you mean business because you’ve already undergone a credit and financial check. As Greg McBride, Chief Financial Analyst at Bankrate, says:

“Preapproval carries more weight because it means lenders have actually done more than a cursory review of your credit and your finances, but have instead reviewed your pay stubs, tax returns and bank statements. A preapproval means you’ve cleared the hurdles necessary to be approved for a mortgage up to a certain dollar amount.”

Sellers love that because that makes it more likely the sale will move forward without unexpected delays or issues. And if you may be competing with another buyer to land your dream home, why wouldn’t you do this to help stack the deck in your favor?

Bottom Line

If you’re looking to buy a home in 2024, know that getting pre-approved is going to be a key piece of the puzzle. With lower mortgage rates bringing more buyers back into the market, this can help you make a strong offer that stands out from the crowd.

Contact Keith Bailey Realtor 850-830-6771 OR Contact Me

Destin Florida Real Estate - Keith Bailey Realtor • January 31, 2024

Foreclosure Activity Is Still Lower than the Norm

by Keith Bailey

Foreclosure Activity Is Still Lower than the Norm

Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story.

The truth is, if you compare the current numbers with what usually happens in the market, you’ll see there’s no need to worry.

Putting the Headlines into Perspective

The increase the media is calling attention to is misleading. That’s because they’re only comparing the most recent numbers to a time where foreclosures were at historic lows. And that’s making it sound like a bigger deal than it is.

In 2020 and 2021, the moratorium and forbearance program helped millions of homeowners stay in their homes, allowing them to get back on their feet during a very challenging period.

When the moratorium came to an end, there was an expected rise in foreclosures. But just because foreclosures are up doesn’t mean the housing market is in trouble.

Historical Data Shows There Isn’t a Wave of Foreclosures

Instead of comparing today’s numbers with the last few abnormal years, it’s better to compare to long-term trends – specifically to the housing crash – since that’s what people worry may happen again.

Take a look at the graph below. It uses foreclosure data from ATTOM, a property data provider, to show foreclosure activity has been consistently lower (shown in orange) since the crash in 2008 (shown in red):

So, while foreclosure filings are up in the latest report, it’s clear this is nothing like it was back then.

In fact, we’re not even back at the levels we’d see in more normal years, like 2019. As Rick Sharga, Founder and CEO of the CJ Patrick Company, explains:

“Foreclosure activity is still only at about 60% of pre-pandemic levels. . .”

That’s largely because buyers today are more qualified and less likely to default on their loans. Delinquency rates are still low and most homeowners have enough equity to keep them from going into foreclosure. As Molly Boesel, Principal Economist at CoreLogic, says:

“U.S. mortgage delinquency rates remained healthy in October, with the overall delinquency rate unchanged from a year earlier and the serious delinquency rate remaining at a historic low… borrowers in later stages of delinquencies are finding alternatives to defaulting on their home loans.”

The reality is, while increasing, the data shows a foreclosure crisis is not where the market is today, or where it’s headed.

Bottom Line

Even though the housing market is experiencing an expected rise in foreclosures, it’s nowhere near the crisis levels seen when the housing bubble burst. If you have questions about what you’re hearing or reading about the housing market, let’s connect.

Contact Keith Bailey Realtor 850-830-6771 or Web Contact

Destin Florida Real Estate - Keith Bailey Realtor • January 30, 2024

2 of the Factors That Impact Mortgage Rates

by Keith Bailey

2 of the Factors That Impact Mortgage Rates

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?

The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.

Inflation and the Federal Reserve

The Federal Reserve (Fed) doesn’t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to what’s happening with inflation, the economy, employment rates, and more. As that happens, mortgage rates tend to respond. Business Insider explains:

“The Federal Reserve slows inflation by raising the federal funds rate, which can indirectly impact mortgages. High inflation and investor expectations of more Fed rate hikes can push mortgage rates up. If investors believe the Fed may cut rates and inflation is decelerating, mortgage rates will typically trend down.”

Over the last couple of years, the Fed raised the Federal Fund Rate to try to fight inflation and, as that happened, mortgage rates jumped up, too. Fortunately, the expert outlook for inflation and mortgage rates is that both should become more favorable over the course of the year. As Danielle Hale, Chief Economist at Realtor.com, says:

“[M]ortgage rates will continue to ease in 2024 as inflation improves . . .”

There’s even talk the Fed may actually cut the Fed Funds Rate this year because inflation is cooling, even though it’s not yet back to their ideal target.

The 10-Year Treasury Yield

Additionally, mortgage companies look at the 10-Year Treasury Yield to decide how much interest to charge on home loans. If the yield goes up, mortgage rates usually go up, too. The opposite is also true. According to Investopedia:

“One frequently used government bond benchmark to which mortgage lenders often peg their interest rates is the 10-year Treasury bond yield.”

Historically, the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate has been fairly consistent, but that’s not the case recently. That means, there’s room for mortgage rates to come down. So, keeping an eye on which way the treasury yield is trending can give experts an idea of where mortgage rates may head next.

Bottom Line

With the Fed meeting later this week, experts in the industry will be keeping a close watch to see what they decide and what impact it’ll have on the economy. To navigate any mortgage rate changes and their impact on your moving plans, it’s best to have a team of professionals on your side.

Keith Bailey Realtor 850-830-6771 or Contact me.

Destin Florida Real Estate - Keith Bailey Realtor • January 28, 2024

Mainsail Condominiums in Miramar Beach, Florida

by Keith Bailey

Nestled along the pristine shores of Miramar Beach, Mainsail Condominiums stand as a testament to luxury living on Florida’s Gulf Coast. With its breathtaking views, upscale amenities, and proximity to the emerald waters of the Gulf of Mexico, Mainsail Condominiums offer an unparalleled experience for those seeking a coastal haven.

Discovering Mainsail Condominiums: A Jewel on Miramar Beach

Unrivaled Coastal Living at Mainsail Condominiums

Mainsail Condominiums epitomize the essence of coastal living, providing residents and guests with an unrivaled experience. From the moment you step into this exquisite community, you are greeted by the picturesque landscapes and the soothing sounds of the Gulf breeze.

Luxurious Accommodations and Amenities

Indulge in the pinnacle of comfort with Mainsail’s luxury condominiums. Spacious and elegantly appointed, these units offer a perfect blend of modern aesthetics and beachside charm. Each condo is equipped with state-of-the-art amenities, including fully furnished kitchens, private balconies with Gulf views, and access to the resort-style pool.

Why Mainsail Condominiums Stand Out:

Gulf-Front Serenity at Your Doorstep

Mainsail Condominiums boast a prime Gulf-front location, allowing residents to relish the serenity of white sandy beaches and the mesmerizing hues of the Gulf waters. Whether you’re lounging by the pool or strolling along the shoreline, the beauty of Miramar Beach surrounds you.

Endless Recreation and Entertainment

Beyond the beach, Mainsail offers a plethora of recreational activities. Engage in water sports, explore nearby nature trails, or tee off at world-class golf courses. The area is also dotted with boutique shops, restaurants, and cultural attractions, ensuring there’s always something exciting to discover.

Investing in Mainsail Condominiums:

A Wise Real Estate Choice in Miramar Beach

Investors looking for a lucrative opportunity in Miramar Beach should consider Mainsail Condominiums. The demand for upscale beachfront properties in this coveted location continues to rise, making Mainsail an attractive prospect for both vacationers and those seeking a permanent residence.

Strong Return on Investment and Rental Potential

With its desirable location and upscale amenities, Mainsail Condominiums offer a strong potential for rental income. The allure of Gulf-front living attracts vacationers year-round, ensuring a steady stream of rental opportunities for property owners.

Mainsail Condominiums in Miramar Beach, Florida, offer a harmonious blend of luxury, natural beauty, and recreational opportunities. Whether you’re considering a permanent residence or a lucrative investment, Mainsail stands as a testament to the allure of Gulf-front living. Seize the opportunity to experience the tranquil luxury of Mainsail Condominiums and make Miramar Beach your coastal haven.

Mainsail Condominiums, Miramar Beach, Gulf-front living, luxury condos, Florida real estate, beachfront properties, vacation rentals, Gulf of Mexico, coastal living, investment opportunities.

View All Mainsail Condominiums For Sale

Keith Bailey Realtor 850-830-6771

Destin Florida Real Estate - Keith Bailey Realtor • January 28, 2024

3 Must-Do’s When Selling Your House in 2024

by Keith Bailey

If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home.

A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell.

1. Price Your Home Right

The housing market shifted in 2023 as mortgage rates rose and home price appreciation started to normalize once again. As a seller, you still need to recognize how important it is to price your house appropriately based on where the market is today. Hannah Jones, Economic Research Analyst for Realtor.com, explains:

“Sellers need to become familiar with their local market and work closely with a local agent to make sure their listing is attractive to buyers. Buyers feeling the pressure of affordability are likely to be pickier, so a well-priced, well-maintained home is the ticket to drumming up big demand.”

If you price your house too high, you run the risk of deterring buyers. And if you go too low, you’re leaving money on the table. An experienced real estate agent can help determine what your ideal asking price should be, so your house moves quickly and for top dollar.

2. Keep Your Emotions in Check

Today, homeowners are staying in their houses longer than they used to. According to the National Association of Realtors (NAR), since 1985, the average time a homeowner has owned their home has increased from 6 to 10 years (see graph below):

This is much more than what used to be the norm. The side effect, however, is when you stay in one place for so long, you may get even more emotionally attached to your space. If it’s the first home you bought or the house where your loved ones grew up, it very likely means something extra special to you. Every room has memories, and it’s hard to detach from the sentimental value.

For some homeowners, that makes it even tougher to separate the emotional value of the house from fair market price. That’s why you need a real estate professional to help you with the negotiations and the best pricing strategy along the way. Trust the professionals who have your best interests in mind.

3. Stage Your Home Properly

While you may love your decor and how you’ve customized your house over the years, not all buyers will feel the same way about your vibe. That’s why it’s so important to make sure you focus on your home’s first impression, so it appeals to as many buyers as possible.

Buyers want to be able to picture themselves in the home. They need to see themselves inside with their furniture and keepsakes – not your pictures and decorations. As Jessica Lautz, Deputy Chief Economist and Vice President of Research at NAR, says:

“Buyers want to easily envision themselves within a new home and home staging is a way to showcase the property in its best light.”

A real estate professional can help you with expertise on getting your house ready to sell.

Bottom Line

If you’re considering selling your house, let’s connect so you have help navigating the process while prioritizing these must-do’s.

Keith Bailey Realtor 850-830-6771 or Keith@KeithBaileyRealtor.com

Destin Florida Real Estate - Keith Bailey Realtor • January 23, 2024

Experts Project Home Prices Will Increase in 2024

by Keith Bailey

Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too.

To help ease that concern, here’s what experts forecast will happen with prices this year.

Experts Project a Modest Increase

Check out the latest home price forecasts from eight different sources (see graph below):

The blue bar on the left means, on average, experts think home prices will go up over 2% by the end of this year – not down.

Prices aren’t likely to depreciate in 2024 because inventory is still tight and lower mortgage rates are leading to strong buyer demand. Those two factors will keep pushing prices up as the year goes on. As Selma Hepp, Chief Economist at CoreLogic, explains:

“With mortgage rates dropping, demand for homes in early 2024 is likely to be strong and will again put pressure on prices, similar to trends observed in early 2023 . . . Most markets will continue to reach new home price highs over the course of 2024.”

What Does This Mean for You?

Experts are saying home prices will go up this year, and that’s good news if you’re thinking about buying a home. When you become a homeowner, you want the value of your house to go up. That appreciation is what builds equity and makes homeownership such a good investment over time.

Beyond that, expected home price appreciation also means if you’re ready, willing, and able to buy, waiting just means it will cost more later.

Bottom Line

If you’re worried home prices will come down, don’t be. Many experts believe they’ll actually go up this year. If you have questions or worries about what’s happening with prices in our area, let’s connect.

Destin Florida Real Estate - Keith Bailey Realtor • January 22, 2024

Discover Paradise at Crystal Dunes Condominiums in Destin, Florida

by Keith Bailey

Discover Paradise at Crystal Dunes Condominiums in Destin, Florida

Hey everyone, Keith Bailey Realtor here! 👋🏡 Exciting news for all those seeking a slice of paradise on the Emerald Coast – let me introduce you to the breathtaking Crystal Dunes Condominiums in Destin, Florida! 🌊✨

Key Features: 🔹 Beachfront Bliss: Crystal Dunes is nestled right on the pristine shores of Destin, offering unparalleled views of the Gulf of Mexico. Wake up to the sound of waves and experience the ultimate beachfront lifestyle.

🔹 Luxurious Living: These condos boast a perfect blend of elegance and comfort. With spacious layouts and modern amenities, Crystal Dunes provides the ideal setting for both relaxation and entertainment.

🔹 Amenities Galore: Dive into the refreshing pool, unwind in the hot tub, or take a leisurely stroll on the private beach. Crystal Dunes offers a range of amenities to enhance your coastal living experience.

🔹 Prime Location: Conveniently located near popular attractions, dining, and shopping, Crystal Dunes ensures you’re never far from the vibrant energy of Destin.

Why Crystal Dunes? 🌟 Investment Opportunity: Whether you’re looking for a vacation home or an investment property, Crystal Dunes is a solid choice. The demand for beachfront living in Destin is high, making it a wise investment.

🌟 Lifestyle Upgrade: Embrace the beach lifestyle with ease. Crystal Dunes provides the perfect backdrop for creating lasting memories with family and friends.

🌟 Keith Bailey’s Recommendation: As your experienced Realtor, I highly recommend Crystal Dunes for those seeking a blend of luxury, convenience, and coastal charm. Let’s make your dream of owning a piece of paradise a reality!

Ready to Dive In? Contact Me! 📞 Call or message me for more details and to explore the opportunities Crystal Dunes has to offer. I’m here to make your real estate journey seamless and enjoyable! 🏡💙

#CrystalDunes #DestinFlorida #BeachfrontLiving #RealEstateDreams #KeithBaileyRealtor #InvestmentOpportunity #EmeraldCoastLiving 🌊🏡

Search All Destin Area Condos For Sale

Destin Florida Real Estate - Keith Bailey Realtor • January 19, 2024

3 Key Factors Affecting Home Affordability

by Keith Bailey

Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates.

To really understand home affordability, you need to look at the combination of three important factors: mortgage rates, home prices, and wages. Let’s dive into the latest data on each one to see why affordability is improving.

1. Mortgage Rates

Mortgage rates have come down in recent months. And looking forward, most experts expect them to decline further over the course of the year. Jiayi Xu, an economist at Realtor.com, explains:

“While there could be some fluctuations in the path forward … the general expectation is that mortgage rates will continue to trend downward, as long as the economy continues to see progress on inflation.”

And even a small change in mortgage rates can have a big impact on your purchasing power, making it easier for you to afford the home you want by reducing your monthly mortgage payment.

2. Home Prices

The second important factor is home prices. After going up at a relatively normal pace last year, they’re expected to continue rising moderately in 2024. That’s because even with inventory projected to grow slightly this year, there still aren’t enough homes for sale for all the people who want to buy them. According to Lisa Sturtevant, Chief Economist at Bright MLS:

“More inventory will be generally offset by more buyers in the market. As a result, it is expected that, overall, the median home price in the U.S. will grow modestly . . .”

That’s great news for you because it means prices aren’t likely to skyrocket like they did during the pandemic. But it also means it’ll probably cost you more to wait. So, if you’re ready, willing, and able to buy, and you can find the right home, purchasing before more buyers enter the market and prices rise further might be in your best interest.

3. Wages

Another positive factor in affordability right now is rising income. The graph below uses data from the Federal Reserve to show how wages have grown over time:

If you look at the blue dotted trendline, you can see the rate at which wages typically rise. But on the right side of the graph, wages are above the trend line today, meaning they’re going up at a higher rate than normal.

Higher wages improve affordability because they reduce the percentage of your income it takes to pay your mortgage. That’s because you don’t have to put as much of your paycheck toward your monthly housing cost.

What This Means for You

Home affordability depends on three things: mortgage rates, home prices, and wages. The good news is, they’re moving in a positive direction for buyers overall.

Bottom Line

If you’re thinking about buying a home, it’s important to know the main factors impacting affordability are improving. To get the latest updates on each, let’s connect.

Contact Keith Bailey Realtor

850-830-6771 Cell

Destin Florida Real Estate - Keith Bailey Realtor • January 16, 2024

Why You May Want To Seriously Consider a Newly Built Home

by Keith Bailey

Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.

Near-Record Percentage of New Home Inventory

Newly built homes are becoming an increasingly significant part of today’s housing inventory. According to the most recent report from the National Association of Home Builders (NAHB):

“Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical average.”

That means the percentage of the total homes available to buy that are newly built is well over two times higher than the norm. And even more new homes are on the way.

Recent data from the Census shows there’s been an uptick in both housing starts (where builders break ground on more new homes) and housing completions (homes where construction just wrapped).

And while some people may worry builders are building too many homes, that isn’t a concern – if anything, the recent increase is really good news. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:

“Even more home building will be needed with the housing shortage persisting in most markets . . . Another 30% rise in home construction can easily be absorbed in the marketplace . . .”

How This Helps You

Since the supply of existing homes for sale is still low right now, the increase of new-home construction can be a game changer because it gives you more options for your search.

Picture yourself in a home that’s new from the ground up: new appliances, fresh paint, fewer maintenance needs because everything is new, and so much more. Doesn’t that sound nice?

And it may be more within reach than you ever imagined. In addition, some builders are offering things like mortgage rate buy-downs for homebuyers right now. This can help offset today’s affordability challenges while also getting you into your dream home. In a recent article, Patrick Duffy, Senior Real Estate Economist at U.S. News, explains:

“Builders have been using mortgage interest rate buydowns for many years as a sales incentive whenever interest rates are relatively high, . . .Today more builders are offering rate buydowns for the entirety of the loan, allowing buyers to finance more home for the same payment amount.”

Just remember, the process of buying from a builder is different from buying from a home seller, so it’s important to partner with a trusted real estate agent who knows the local market. They’ll be your go-to resource for coordinating with the builder, reviewing contracts, and more.

Bottom Line

If you’re trying to sell so you can make a move but you’re having a hard time finding a home you like, let’s connect. That way you have a local expert to help you explore all of your options, including the newly built homes in our area.

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Destin Florida Real Estate - Keith Bailey Realtor • January 13, 2024

Home Prices Forecast To Climb over the Next 5 Years

by Keith Bailey

Some Highlights

If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.
Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years.
If you’re worried about falling home prices, don’t be. Many experts forecast they’ll keep rising for years to come. If you have questions, let’s connect.

Destin Florida Real Estate - Keith Bailey Realtor • January 9, 2024

Ways Your Home Equity Can Help You Reach Your Goals

by Keith Bailey

Ways Your Home Equity Can Help You Reach Your Goals

If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this:

“. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.”

That means your equity grows as you pay down your home loan over time and as home values climb. While it’s true home prices dipped slightly last year, they rebounded and have been climbing in many areas since then. Here’s why that price growth is good news for you. All home buyer home sellers Contact Keith Bailey Realtor for a updated home valuation.

In the latest Equity Insights Report, Selma Hepp, Chief Economist at CoreLogic, explains:

“With price gains continuing to help homeowners build wealth, equity has reached a new high and regained losses that resulted from declines last year. And while the average U.S. homeowner gained over $20,000 in additional equity compared with the third quarter of 2022, some markets are seeing larger increases as price growth catches up.”

And that figure is just for the last year. To help you really understand how that number can add up over time, the report also says the average homeowner with a mortgage has more than $300,000 in equity. That much equity can have a big impact.

Here are a few examples of how you can put your home equity to work for you.

1. Buy a Home That Fits Your Needs

If your current space no longer meets your needs, it might be time to think about moving to a bigger home. And if you’ve got too much space, downsizing to a smaller one could be just right. Either way, you can put your equity toward a down payment on something that fits your changing lifestyle.

2. Reinvest in Your Current Home

And, if you’re not ready to move just yet, you can use the equity you have to improve your current home. But it’s important to consider the long-term benefits certain upgrades can bring to your home’s value. A real estate agent is a great resource on which projects to prioritize to get the greatest return on your investment when you sell later on.

3. Pursue Personal Ambitions

Home equity can also serve as a catalyst for realizing your life-long dreams. That could mean investing in a new business venture, retirement, or funding an education. While you shouldn’t use your equity for unnecessary spending, using it responsibly for something meaningful and impactful can really make a difference in your life.

4. Understand Your Options to Avoid Foreclosure

While the number of foreclosure filings remains below the norm, there are still some homeowners who go into foreclosure each year. If you’re in a tough spot financially, having a clear understanding of your options can help. Equity can act as a cushion if you’re not able to make your mortgage payments on time.

Bottom Line

If you want to know how much equity you have in your home, let’s connect. That way you have someone who can do a professional equity assessment report on how much you’ve built up over time. Then let’s talk through how you can use it to help you reach your goals.

Destin Florida Real Estate - Keith Bailey Realtor • January 6, 2024

The Allure of Santa Rosa Beach: Exploring the Real Estate Market

by Keith Bailey

Santa Rosa Beach, Florida is a coastal gem nestled along the picturesque Emerald Coast. Known for its pristine beaches, vibrant local culture, and breathtaking natural beauty, Santa Rosa Beach has become a coveted destination for homebuyers seeking a slice of paradise. Visit the The Allure of Santa Rosa Beach: Exploring the Real Estate Market:

The Santa Rosa Beach Real Estate Market

The real estate market in Santa Rosa Beach offers a diverse range of properties, catering to the varied tastes and preferences of buyers. From beachfront homes with panoramic ocean views to luxury estates boasting modern amenities, there’s something for everyone in this idyllic community.

Key Trends and Investment Potential

In recent years, Santa Rosa Beach has experienced a surge in interest from both local and international buyers. This increased demand has led to a steady rise in property values, making it an opportune time for investors to explore the market. Whether you’re looking for a vacation home, an investment property, or a permanent residence, Santa Rosa Beach presents an attractive opportunity for buyers.

Investment Potential:

Santa Rosa Beach presents an enticing investment landscape, with opportunities for both long-term residential properties and short-term vacation rentals. The area’s popularity as a tourist destination ensures a steady stream of rental income for property owners, making it an attractive option for investors seeking a lucrative return on investment.

Community and Lifestyle:

Beyond its real estate offerings, Santa Rosa Beach offers a desirable lifestyle characterized by picturesque coastal landscapes, a welcoming atmosphere, and a strong sense of community. Residents and vacationers enjoy easy access to outdoor activities, cultural events, and a thriving culinary scene, making it an ideal place to call home or to escape for a relaxing getaway.

Popular Neighborhoods in Santa Rosa Beach

Explore the distinct neighborhoods of Santa Rosa Beach, each offering its own unique charm and appeal. From the upscale community of WaterColor with its luxury beachfront homes to the laid-back atmosphere of Seagrove Beach, there’s a neighborhood to suit every lifestyle.

For more information on available properties in Santa Rosa Beach, Florida, visit Santa Rosa Beach Real Estate for listings and expert guidance.

Destin Florida Real Estate - Keith Bailey Realtor • January 6, 2024

“Selling Your Home in Destin: Tips and Tricks for a Smooth Real Estate Transaction”

by Keith Bailey

Destin real estate Selling your home Smooth transaction

Welcome to the Emerald Coast, where the pristine beaches meet the enchanting real estate landscape of Destin, Florida! If you’re considering selling your home in this captivating coastal haven, you’re embarking on an exciting journey. In “Selling Your Home in Destin: Tips and Tricks for a Smooth Real Estate Transaction,” we’re here to guide you through the intricacies of the local market and provide invaluable insights to ensure your selling experience is not only successful but also stress-free.

As a seasoned real estate professional with 35 years of expertise in the Destin area, I’m Keith Bailey Realtor, committed to sharing the secrets of a seamless home selling process. Whether you’re a long-time resident looking to upgrade or a homeowner ready for a new adventure, these tips and tricks will empower you to make informed decisions and navigate the real estate landscape with confidence.

Join me on this journey, where we’ll explore the art of preparing your home for sale, delve into effective pricing strategies, and unravel the power of strategic marketing. With a focus on collaboration and transparent communication, our goal is to make your home selling experience enjoyable and rewarding. Let’s embark on the path to a smooth real estate transaction in the heart of Destin!

“Selling Your Home in Destin: Tips and Tricks for a Smooth Real Estate Transaction” holds significant importance for homeowners in the Destin area for several compelling reasons:

Navigating a Unique Real Estate Market: Destin’s real estate market is distinct, influenced by its stunning coastal location and a mix of luxury properties. Understanding the market dynamics is crucial for setting the right asking price, and the blog post provides insights tailored to the local nuances.
Maximizing Property Value: The blog delves into effective strategies for preparing your home for sale, emphasizing the importance of staging, repairs, and overall presentation. By implementing these tips, homeowners can enhance their property’s appeal and potentially increase its market value.
Expert Guidance from Keith Bailey Realtor: With 35 years of experience in Destin real estate, Keith Bailey Realtor brings a wealth of knowledge to the table. The blog establishes the value of working with a seasoned professional who not only understands the intricacies of the local market but also possesses a proven track record of successful transactions.
Efficient Marketing Strategies: In today’s digital age, effective marketing is crucial for attracting potential buyers. The blog explores the role of professional photography, compelling property descriptions, and strategic online marketing in maximizing the exposure of your home to the right audience.
Smooth Navigation of the Sales Process: Selling a home involves a series of complex steps, from negotiations to paperwork and closing. The blog provides insights into overcoming common challenges, offering practical tips for a seamless transaction and addressing potential hurdles.
Client-Centric Approach: Keith Bailey Realtor emphasizes a client-centric approach, prioritizing effective communication and a commitment to client satisfaction. The blog underscores the importance of a real estate professional who not only understands the market but also values building strong, lasting relationships with clients.
Celebrating Success: The ultimate goal of the blog is to guide homeowners through a successful home selling journey in Destin. By following the tips and tricks outlined in the post, homeowners can celebrate not just a sale but a smooth and rewarding real estate transaction in one of Florida’s most coveted coastal destinations.

As we reach the conclusion of “Selling Your Home in Destin: Tips and Tricks for a Smooth Real Estate Transaction,” it’s our hope that this guide has been a beacon of insight and support on your journey to sell your home in this captivating coastal paradise. Destin’s real estate market is as unique as its pristine beaches, and with the right strategies, preparation, and guidance, you can navigate this landscape with confidence. Remember, the key to a successful and stress-free transaction lies not just in the destination but in the journey itself. Whether you’re a seasoned homeowner or embarking on your first sale, the expertise of Keith Bailey Realtor is at your service. Let’s turn the page to your next chapter, where the sale of your Destin home becomes a seamless and rewarding experience. Cheers to your success and the beginning of new adventures!

Destin Real Estate Market Trends: Stay updated on the latest market trends in Destin for informed decision-making.
Professional Home Staging Tips: Discover expert advice on preparing your home for sale and maximizing its appeal.

About Keith Bailey Realtor: Learn more about Keith Bailey’s 35 years of experience and commitment to client satisfaction.

Destin Florida Real Estate - Keith Bailey Realtor • January 5, 2024

Why Most Florida Condos Are Not Eligible for FHA-Insured Financing

by Keith Bailey

Florida’s real estate market is a vibrant and sought-after destination for homebuyers, offering a diverse range of properties, including condominiums. However, many potential buyers are surprised to learn that most Florida condos are not eligible for FHA-insured financing. In this blog post, we will delve into the reasons behind this trend and its implications for homebuyers in Florida. Why Most Florida Condos Are Not Eligible for FHA-Insured Financing.

**Understanding FHA-Insured Financing:**

The Federal Housing Administration (FHA) offers mortgage insurance on loans made by FHA-approved lenders. This insurance provides lenders with protection against losses as a result of homeowners defaulting on their mortgage loans. FHA-insured financing is particularly attractive to first-time homebuyers and those with limited down payment funds, as it offers more lenient credit and income requirements.

**The Challenge of Condo Eligibility:**

While FHA-insured financing is widely utilized for single-family homes, the eligibility criteria for condominiums are more stringent. The FHA maintains a list of approved condominium projects, and most Florida condos do not meet the necessary requirements for approval. This poses a significant challenge for potential condo buyers who are reliant on FHA-insured financing.

**Factors Contributing to Ineligibility:**

Several key factors contribute to the ineligibility of most Florida condos for FHA-insured financing. These include issues related to the condo association’s financial stability, occupancy rates, insurance coverage, and the presence of legal or regulatory restrictions. These factors can significantly limit the options available to potential condo buyers seeking FHA-insured financing.

**Impact on Homebuyers:**

The limited availability of FHA-insured financing for Florida condos can have a substantial impact on homebuyers. Many individuals and families who rely on FHA-insured loans may face challenges in securing affordable financing for their desired condo purchases. As a result, they may need to explore alternative financing options or consider different types of properties.

**Navigating the Real Estate Market:**

For potential condo buyers in Florida, understanding the landscape of financing options is crucial. Working with knowledgeable real estate agents and mortgage professionals can provide valuable insights into alternative financing solutions and available condo projects that meet FHA eligibility criteria.

It’s important to note that while many Florida condos may not be eligible for FHA-insured financing, there are exceptions, and some condominium projects do meet the FHA’s criteria. Prospective buyers interested in purchasing a condo in Florida with FHA financing should work with a knowledgeable real estate agent or mortgage broker who can help identify eligible properties and navigate the FHA approval process.

Understanding the specific reasons for a condo’s ineligibility for FHA financing requires a detailed review of the condominium association’s financial and operational status, as well as an analysis of the FHA’s guidelines for condominium project approval.

Destin Florida Real Estate - Keith Bailey Realtor • January 4, 2024

Miramar Beach Real Estate Market Update

by Keith Bailey

🏡 Keith Bailey, REALTOR® here from CENTURY 21 Blue Marlin Pelican. Let’s dive into the latest market trends in beautiful Miramar Beach, Florida. Miramar Beach Real Estate Market Update. Whether you’re looking to buy or sell, these market trends provide valuable insights into the current real estate landscape.🌴🌊

📅 As of November 2023, we currently have a balanced market with a 7.9 Months Supply of Inventory. This means there is a healthy amount of homes available for buyers to choose from. 🏘️🔑

📈 Over the past 12 months, the Months Supply of Inventory has increased by an impressive +97.01%. This indicates a growing supply of homes in the market, offering more options for buyers. 📊📈

💰 Sellers, take note! The List to Sold Price percentage stands at a strong 95.6%. This means that on average, homes are selling very close to their asking price, maximizing your return on investment. 💵💼

⏰ Buyers, act fast! The median days on market is only 32. This indicates that homes are selling relatively quickly in Miramar Beach, making it an active and competitive market. ⏱️⚡

💲 Lastly, the median sold price in the area is currently $720,000. This reflects the value and desirability of properties in Miramar Beach, making it an excellent investment opportunity. 💰💼

🔍 Whether you’re looking to buy or sell, these market trends provide valuable insights into the current real estate landscape. As your trusted REALTOR®, I’m here to guide you through every step of the process. Let’s make your real estate dreams a reality! 🏡✨

#MiramarBeachRealEstate #MarketTrends #KeithBaileyRealtor #Century21BlueMarlinPelican

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Destin Florida Real Estate - Keith Bailey Realtor • January 2, 2024

Walton County Public Beach Accesses: Miramar Beach and Beyond

by Keith Bailey

Exploring the Beauty of Sandestin Beach Resort: A Paradise on Florida's Gulf Coast

Welcome to the beautiful shores of Walton County, Florida, where pristine beaches and crystal-clear waters await. As Keith Bailey Realtor, with over 35 years of real estate expertise in this area, I am excited to guide you through the Walton County-owned public Miramar Beach Regional Access and other public beach gems in the region. View All Walton Co Fl Beach Accesses

Exploring Miramar Beach Regional Access:

Nestled in the Heart of Paradise Miramar Beach Regional Access, owned by Walton County, is a hidden gem in the heart of paradise. This public beach access offers convenient parking, restrooms, and stunning views of the Gulf of Mexico. Whether you’re a local resident or a visitor, this spot is a perfect retreat to enjoy the sun, sand, and surf. Walton County Public Beach Accesses: Miramar Beach and Beyond.

Key Features and Amenities

Ample Parking Facilities
Well-Maintained Restrooms
Panoramic Views of the Gulf

Other Walton County Public Beach Accesses:

1. Grayton Beach State Park Known for its emerald green waters and sugar-white sand, Grayton Beach State Park is a must-visit destination. The park offers various recreational activities, including hiking trails and picnicking areas, making it an ideal spot for a day of family fun.

2. Seaside Beach Access Explore the iconic town of Seaside and its charming beach access. With a vibrant atmosphere and unique shops nearby, this public beach access provides the perfect blend of relaxation and entertainment.

3. Inlet Beach Access For those seeking tranquility, Inlet Beach Access is a serene spot with fewer crowds. Enjoy the unspoiled beauty of nature, and take in the breathtaking sunset views over the Gulf.

Making the Most of Your Beach Experience:

Tips for a Stress-Free Day

Arrive early to secure the best spot on the sand.
Pack a beach picnic with local treats for a delightful dining experience.
Bring along beach essentials like sunscreen, hats, and umbrellas for a comfortable day under the sun.

Walton County, Florida, is a haven for beach enthusiasts, and its public beach accesses offer a diverse range of experiences. From the bustling Miramar Beach Regional Access to the serene Inlet Beach Access, each spot has its unique charm. As you embark on your beach adventure, remember to savor the moments and create lasting memories along the stunning shores of Walton County. Walton County Public Beach Accesses: Miramar Beach and Beyond.

Destin Florida Real Estate - Keith Bailey Realtor • December 24, 2023

Welcome to Paradise: Amalfi Coast Condominiums in Miramar Beach, Florida! 🌊☀️

by Keith Bailey

🏖️ Location, Location, Location!

Nestled in the heart of Miramar Beach, Amalfi Coast Condominiums embody the essence of coastal living. This prime location offers breathtaking views of the Gulf of Mexico, with pristine beaches just steps away. Explore the vibrant local scene, from world-class dining to boutique shopping – it’s all within reach! Welcome to Paradise: Amalfi Coast Condominiums in Miramar Beach, Florida

🏗️ Exquisite Construction & Design

Amalfi Coast sets a new standard in luxury living with its meticulously crafted condominiums. Architectural elegance meets modern design, creating a timeless and sophisticated aesthetic. High-quality materials and attention to detail make these residences a true masterpiece along the Emerald Coast.

🌴 Rental Use for Investment Potential

Investors, take note! Amalfi Coast Condominiums present an excellent opportunity for rental income. With the allure of Miramar Beach and the top-tier amenities, these units are in high demand among vacationers seeking a slice of paradise. Maximize your investment potential in this sought-after locale!

🏡 Owner Use: Your Coastal Retreat

For those yearning for a permanent beachside haven, Amalfi Coast offers the perfect escape. Owners can bask in the luxury of their own private retreat, enjoying the world-class amenities, from pools to fitness centers. Your dream coastal home is not just a residence; it’s a lifestyle.

🌟 Features & Amenities

🌊 Private Balconies with Gulf Views
🏊 Resort-Style Pools & Spa
🏋️ Fitness Center
🚴‍♂️ Bike Rentals for Coastal Cruising
🍽️ Outdoor Grilling Areas

🏡 Your Gateway to Coastal Bliss

As your dedicated Realtor, Keith Bailey, I’m thrilled to introduce you to the unparalleled charm of Amalfi Coast Condominiums. Whether you’re seeking a sound investment or a personal oasis, these residences redefine the art of coastal living.

https://keithbailey.sites.c21.homes/

#MiramarBeachRealEstate #AmalfiCoastCondos #FloridaLiving #EmeraldCoast #InvestmentProperty #CoastalRetreat #LuxuryRealEstate #GulfFrontLiving #KeithBaileyRealtor #MiramarBeachDevelopment #BeachCondos #FloridaInvestment

📩 Reach out today to explore the endless possibilities awaiting you at Amalfi Coast Condominiums! Your coastal dream home is just a message away. 🌴🏡 Let’s make it a reality!

Two outdoor pools (one heated)
Large pool terrace and courtyard
Boardwalk leading to private beach access across from street
Poolside cabanas
Two lighted tennis courts
Clubhouse overlooking pools
Owner storage units
Large open floor plans
Washer/dryer hookup

4 Floors | 109 Units

GULF FRONTAGE: NONE

BREAKDOWN
(unit count by type)
1 BR = 16 | 2 BR – 73 | 3 BR = 20

SQUARE FEET
1 BR / 1 BA – 1,030 (20), 1,070 (03) | 1 BR / 2 BA – 1,075 (07, 10)

2 BR / 2 BA – 1,210 (06, 09, 12) 1,360 (13-19, 24-28)

2BR / 2 BA – 1,395 (04) 1,410 (22, 23)

3 BR / 3 BA – 1,755 (05, 08, 11) 1,805 (02) 2,105 (01)

PARKING: Covered & Non-covered

MANAGEMENT 850-897-5355 (on-site) /// 866-544-3232
Web Site: amalficoastdestin.net

ADDRESS 778 Scenic Gulf Drive,
Destin, FL 32550

Search All Amalfi Coast Condos For Sale

Destin Florida Real Estate - Keith Bailey Realtor • December 22, 2023

Exploring the Beauty of Sandestin Beach Resort: A Paradise on Florida’s Gulf Coast

by Keith Bailey

Welcome to Sandestin Beach Resort, a breathtaking oasis nestled along the pristine shores of Florida’s Gulf Coast. Whether you’re seeking a luxurious vacation retreat or considering investing in real estate in this idyllic location, Sandestin Beach Resort offers an unparalleled blend of natural beauty, world-class amenities, exciting activities, and exquisite dining experiences.

Real Estate at Sandestin Beach Resort: Your Gateway to Coastal Living

Imagine waking up to the gentle sound of waves and the warm embrace of Florida’s sunshine. Sandestin Beach Resort presents an array of real estate opportunities, from elegant beachfront condos to spacious vacation homes, each offering a coveted slice of paradise. With a variety of properties to suit every lifestyle and budget, owning a piece of real estate in this coveted destination is a dream come true for many.

Explore available real estate options and discover your perfect coastal retreat at Sandestin Beach Resort.

Amenities: Unparalleled Luxury and Comfort

At Sandestin Beach Resort, luxury and comfort converge to create an unforgettable experience for residents and visitors alike. From world-class spas and championship golf courses to private beach access and exclusive pools, the resort’s amenities cater to every indulgence and relaxation need. Immerse yourself in the ultimate coastal lifestyle with access to exceptional amenities that redefine the meaning of luxury living.

Activities: Endless Adventures Await

The allure of Sandestin Beach Resort extends far beyond its pristine beaches. Engage in a myriad of activities that cater to all interests, whether it’s water sports, tennis, cycling, or simply unwinding with a sunset stroll along the shore. The resort’s vibrant atmosphere and diverse activity offerings ensure that every day presents new opportunities for adventure and relaxation.

Restaurants: A Culinary Journey Awaits

Indulge in a culinary journey that reflects the diverse flavors of the Gulf Coast at Sandestin Beach Resort’s renowned restaurants. From fresh seafood delicacies to innovative global cuisine, each dining establishment promises a memorable experience for discerning palates. Whether you’re savoring a beachfront sunset dinner or enjoying a casual meal with loved ones, the resort’s dining options offer a delectable array of choices.

Experience Sandestin Beach Resort: Where Every Moment is Unforgettable

As you immerse yourself in the beauty and splendor of Sandestin Beach Resort, each moment becomes a cherished memory. Whether you’re seeking a relaxing retreat, an active lifestyle, or an investment in coastal real estate, this remarkable destination offers an unparalleled experience that captivates the senses and rejuvenates the soul.

https://keithbailey.sites.c21.homes/

Destin Florida Real Estate - Keith Bailey Realtor • December 20, 2023

Discovering Paradise: Destin Florida Beachfront Condominiums

by Keith Bailey

Welcome to the enchanting world of beachfront living in Destin, Florida, where the sugar-white sands and crystal-clear waters beckon you to indulge in the ultimate coastal lifestyle. In this blog post, we’ll delve into the current trends, highlight the most popular condominiums, and explore the prime locations that make Destin a coveted destination for beachfront living. Discovering Paradise: Destin Florida Beachfront Condominiums.

Current Trends in Destin Beachfront Condominiums

As the real estate landscape continually evolves, it’s crucial to stay abreast of the latest trends shaping the Destin beachfront condominium market. Here are some key insights:

Sustainable Living

Modern condominiums in Destin are embracing eco-friendly features and sustainable practices. From energy-efficient appliances to LEED-certified buildings, buyers are showing a growing interest in properties that align with their environmental values.

Smart Home Integration

The integration of smart home technology is becoming increasingly prevalent. Condos equipped with cutting-edge automation, security systems, and energy management solutions are garnering attention from tech-savvy buyers.

Resort-Style Amenities

Luxury meets leisure in Destin’s beachfront condominiums, where resort-style amenities such as infinity pools, private beach access, and fitness centers redefine coastal living. Buyers seek properties that offer an all-encompassing lifestyle experience.

Most Popular Destin Beachfront Condominiums

Navigating the plethora of options in Destin can be overwhelming, but a few condominiums stand out for their popularity and unique features:

Emerald Grande

Situated at the bustling HarborWalk Village, Emerald Grande offers panoramic views of the Gulf of Mexico and Choctawhatchee Bay. Its prime location, coupled with upscale amenities, makes it a sought-after destination for those seeking luxury beachfront living.

Silver Shells Beach Resort & Spa

Known for its expansive beachfront and upscale residences, Silver Shells Beach Resort & Spa combines elegance with convenience. The private beach, spa facilities, and gourmet dining options contribute to its status as a premier condominium in Destin.

Prime Locations for Beachfront Living

Destin boasts an array of prime locations, each offering a unique blend of tranquility and accessibility. Some noteworthy areas include:

Miramar Beach

Known for its pristine beaches and family-friendly atmosphere, Miramar Beach is a popular choice for those seeking a serene escape without sacrificing convenience.

Crystal Beach

Characterized by its charming coastal cottages and proximity to shopping and dining, Crystal Beach is an idyllic destination for those desiring a quaint beachfront community.

Embark on a journey of coastal elegance and beachfront bliss in Destin, Florida. Whether you’re captivated by sustainable living, modern amenities, or panoramic views, the condominiums in Destin cater to a diverse range of preferences. As you explore the options, let Keith Bailey Realtor guide you through the process, ensuring a seamless and enjoyable experience in finding your dream beachfront condominium.

Destin Florida, Beachfront Living, Condominium Trends, Real Estate, Keith Bailey Realtor

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Keith Bailey Realtor | Century 21 AllPoints Realty
Destin • 30A • Santa Rosa Beach FL
37 Years Real Estate Experience

4447 Commons Dr E K109, Destin, FL 32541

© CENTURY 21 2023 - 2024. All rights reserved. CENTURY 21®, C21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Franchisee Legal Entity Name (not the dba) fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Century 21 Real Estate LLC nor any of its affiliated companies.