The news is spreading - The Panama City - Bay County Florida Area has passed another hurdle to gaining a new airport, FAA approval.
Instead of discussing whether or not a new airport is needed or discussing the environmental impacts, let's discuss something else...The Economy of having a new International Airport.
The Panama City, Florida area has historically been a tourist oriented area. The typical industry within the area has focused primarily on the tourist trade, from small family owned service oriented businesses to the Corporate Condominium builders and everything in between.
It is my opinion however, that the current state of the economy is in need of a shift. We can no longer afford to be a small town community relying solely on the tourist trade for prosperity. It is time we grow, and it is time we seek investors and businesses to help our community realize its full potential.
I call on our elected officials, city councils and politicians to help, aid and direct us in our search for growth by offering incentives to entice major business entities into our area. Whether the incentives be land grants or tax incentives, it is time to stop thinking about 'remaining a small town' and think about becoming a major business oriented market place.
With big business comes new jobs, higher pay and improved social and economic development. Not only with increased taxes but also with increased family income higher paying jobs bring with them as well as the residual income family's will have to spend within the community.
When corporate and big businesses such as manufacturing, high tech firms and corporate headquarters arrive, they bring with them higher paying jobs which directly influences the community. Higher paying jobs means more money to spend on incidentals, more money means affordable housing. It's a win win situation for everyone.
Local family owned businesses will prosper, our infrastructure is able to grow and support the business growth with revenue from taxes, our college graduates will begin to look for a future right here in our community as opposed to moving to other areas where high paying employment exists. Our schools and education system is able to prosper when there are more funds available to support them.
The writing is on the wall and it's time for us as a community to embrace the change. It's time to focus on our social and economic future and welcome the growth with open arms. We can no longer afford to be just a tourist oriented community.
As a Keller Williams Commercial Real Estate professional, it is my duty to help the community by soliciting big business and corporations to show them the value of bringing their entities to our area. I call on the city councils to help me do this by providing the incentives needed to bring major corporations and big business to our area.
We have a great community in Bay County Florida with friendly people ready and willing to work. We have colleges that are producing graduates that can help make our area grow and prosper. We need to offer these graduates jobs they can not only be proud of but also have a hand in the growth and the ability to realize their visions of the future for themselves and their families.
Monday, September 18, 2006
Sunday, September 03, 2006
It's Investor Time !
Hi everyone,
I hope you have been enjoyed reading my blog. To date, we've covered Buying a Home and Selling a home. What I thought I'd do now is offer information on how to help you start building for your retirement.
Purchasing the right Investment Real Estate, I believe is one of the best things you can do for your retirement. With that said, I'm going to hand the pen over to my partner: Jessie Cochran. Jessie works with our Investors and Commercial Real Estate partners. I know of no one else more qualified to help you with these important lessons then Jessie.
I'll be checking in on you all from time to time, but in the meantime enjoy learning about Commercial and Investment Real Estate...
Hello everyone, allow me to introduce myself, I'm Jessie Cochran and as Jennifer said I am her partner and I typically work with our Investor customers and Commercial Real Estate Buyers and Sellers. You can learn more about me on her website and during the coming blog entries you'll get to know more about the services I offer and how I help my customers realize their successful Commercial Real Estate Investment Strategies.
We are currently in the process of expanding the Panama City Fl Real Estate website by re-developing our Commercial Real Estate website: For Sale in Panama City. We promise you, it will have the same clean look and easy to navigate content as Panama City Fl Real Estate and will be just as rich in content! We are due to release the new and improved For Sale in Panama City website before the end of this year.
It is an exciting time for Jennifer and myself thanks to many of you, our new customers. As our business expands we continue to hear from many of you who have worked with us for the first time and trust us to continue to work for your future. We thank you for your input on our website, your business and we continue to promise to give the best Real Estate Information and Services availble.
Over the next entries, I'll be discussing Commercial Real Estate and de-mystify that portion of the Real Estate Market.
We'll start with an article I wrote: Investing for Beginners. It covers the ground rules for learning about Real Estate Investing, Financing, Working with a Qualified Agent and an Introduction to Investment Strategies.
In my next post we'll jump right into de-mystifying Commercial Real Estate and how everyone can profit from this type of investment.
I hope you have been enjoyed reading my blog. To date, we've covered Buying a Home and Selling a home. What I thought I'd do now is offer information on how to help you start building for your retirement.
Purchasing the right Investment Real Estate, I believe is one of the best things you can do for your retirement. With that said, I'm going to hand the pen over to my partner: Jessie Cochran. Jessie works with our Investors and Commercial Real Estate partners. I know of no one else more qualified to help you with these important lessons then Jessie.
I'll be checking in on you all from time to time, but in the meantime enjoy learning about Commercial and Investment Real Estate...
Hello everyone, allow me to introduce myself, I'm Jessie Cochran and as Jennifer said I am her partner and I typically work with our Investor customers and Commercial Real Estate Buyers and Sellers. You can learn more about me on her website and during the coming blog entries you'll get to know more about the services I offer and how I help my customers realize their successful Commercial Real Estate Investment Strategies.
We are currently in the process of expanding the Panama City Fl Real Estate website by re-developing our Commercial Real Estate website: For Sale in Panama City. We promise you, it will have the same clean look and easy to navigate content as Panama City Fl Real Estate and will be just as rich in content! We are due to release the new and improved For Sale in Panama City website before the end of this year.
It is an exciting time for Jennifer and myself thanks to many of you, our new customers. As our business expands we continue to hear from many of you who have worked with us for the first time and trust us to continue to work for your future. We thank you for your input on our website, your business and we continue to promise to give the best Real Estate Information and Services availble.
Over the next entries, I'll be discussing Commercial Real Estate and de-mystify that portion of the Real Estate Market.
We'll start with an article I wrote: Investing for Beginners. It covers the ground rules for learning about Real Estate Investing, Financing, Working with a Qualified Agent and an Introduction to Investment Strategies.
In my next post we'll jump right into de-mystifying Commercial Real Estate and how everyone can profit from this type of investment.
Monday, August 28, 2006
An interesting Occurance...
Something you may find of interest occured to Jessie the other day. In case you are not familiar with Jessie, he is a member of my team, he specializes in residential, commercial and industrial investments, my webmaster and my husband :)
He had been working with a couple who were interested in purchasing a new home. They were a military family, and wanted to go through VA (Veterins Administration) to purchase. Jessie introduced them to several local lending institutions whom we have worked with in the past, including Century 21 Mortgage who provided Jessie with a pre-approval letter. All the lenders Jessie introduced the couple to were willing to assist them with financing, but as it turned out they chose an out-of-state lender from the internet instead.
Jessie found a home that met their criteria perfectly, and they seemed to love it! They made an offer, Jessie wrote the contract and submitted it to the selling agent and it was accepted. Jessie then advised them to get a home inspection, home owners insurance, and get started with the financing right away.
As the days passed, the couple went from one lender to the next, never being happy with estimates they were given or the service they said they were given. Finally they chose one lender. The lender ordered the appraisal and the couple paid for the appraisal POC (Paid Outside Closing).
During the next few weeks, Jessie had been in contact with all concerned parties to make sure everything went well and there was nothing anyone needed for closing. The day before closing the event happened...
The lender contacted the title company and stopped the closing! The title company called Jessie but he hadn't a clue as to why it would be stopped. He had spoken with the lender the previous day and all was in order.
Jessie tried to contact the lender all day and finally was able to get through. It seems the couples VA status was turned down by VA! That's odd in itself, so he asked for more information. It seems, the husband had changed jobs 2 days before closing and therefore was considered 'in training' which is not allowed for VA funding.
While speaking with the couple, they said 'no one told us'. This is interesting because in the very beginning Jessie consulted them about NOT making any changes to their financial status during this time.
So, the deal fell apart, and no one was happy! The seller wants to keep the Earnest Money Deposit, the buyer's would like it back. The buyers have had the worst possible experience with something that should have been the happiest experience of their lives!
Interesting huh? What would you do in this situation? Who would you side with?
A side note here:
The out-of-state lender was at no time willing to work directly with Jessie. This posed a problem as the information was always third hand. He had to get the couple to speak with the lender and they had to report back to him on what was said. This is not how things should be done. The couple should only have to give the lender permission to discuss their loan with him to resolve this problem.
So a few words of suggestion:
When working with a lender, it is best to use a local lender or one you have used in the past. Local lenders know the market place and how to get things done on time. If you choose a lender you work with, all the better as they are familiar with your financial stability.
Whenever possible, always include your Real Estate Agent as the primary contact for dealing with lenders and title companies. That's what we're here for! We're here to make your real estate experience as stress free as possbile and perhaps one of the happiest experiences of your life.
He had been working with a couple who were interested in purchasing a new home. They were a military family, and wanted to go through VA (Veterins Administration) to purchase. Jessie introduced them to several local lending institutions whom we have worked with in the past, including Century 21 Mortgage who provided Jessie with a pre-approval letter. All the lenders Jessie introduced the couple to were willing to assist them with financing, but as it turned out they chose an out-of-state lender from the internet instead.
Jessie found a home that met their criteria perfectly, and they seemed to love it! They made an offer, Jessie wrote the contract and submitted it to the selling agent and it was accepted. Jessie then advised them to get a home inspection, home owners insurance, and get started with the financing right away.
As the days passed, the couple went from one lender to the next, never being happy with estimates they were given or the service they said they were given. Finally they chose one lender. The lender ordered the appraisal and the couple paid for the appraisal POC (Paid Outside Closing).
During the next few weeks, Jessie had been in contact with all concerned parties to make sure everything went well and there was nothing anyone needed for closing. The day before closing the event happened...
The lender contacted the title company and stopped the closing! The title company called Jessie but he hadn't a clue as to why it would be stopped. He had spoken with the lender the previous day and all was in order.
Jessie tried to contact the lender all day and finally was able to get through. It seems the couples VA status was turned down by VA! That's odd in itself, so he asked for more information. It seems, the husband had changed jobs 2 days before closing and therefore was considered 'in training' which is not allowed for VA funding.
While speaking with the couple, they said 'no one told us'. This is interesting because in the very beginning Jessie consulted them about NOT making any changes to their financial status during this time.
So, the deal fell apart, and no one was happy! The seller wants to keep the Earnest Money Deposit, the buyer's would like it back. The buyers have had the worst possible experience with something that should have been the happiest experience of their lives!
Interesting huh? What would you do in this situation? Who would you side with?
A side note here:
The out-of-state lender was at no time willing to work directly with Jessie. This posed a problem as the information was always third hand. He had to get the couple to speak with the lender and they had to report back to him on what was said. This is not how things should be done. The couple should only have to give the lender permission to discuss their loan with him to resolve this problem.
So a few words of suggestion:
When working with a lender, it is best to use a local lender or one you have used in the past. Local lenders know the market place and how to get things done on time. If you choose a lender you work with, all the better as they are familiar with your financial stability.
Whenever possible, always include your Real Estate Agent as the primary contact for dealing with lenders and title companies. That's what we're here for! We're here to make your real estate experience as stress free as possbile and perhaps one of the happiest experiences of your life.
Subscribe to:
Posts (Atom)
