Underwater Museum Now Open

First Underwater Museum is now open in Grayton Beach, FL 32459.

Learn more at at link below.

Underwater Museum

Located in Walton, County Florida, this museum sits in 60 feet of water and is .7 of a mile out in the Gulf of Mexico.  Certified Divers can reach the site by reserving a spot on the Fish Booty Charters.

Mama and Baby Dolphin

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Credit scores: It’s more than simply qualifying for a loan

Source: Credit scores: It’s more than simply qualifying for a loan

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Freddie Mac offers Appraisal Waivers

Freddie Mac to nix full appraisals for some condo loans

MCLEAN, Va. – June 29, 2018 – Freddie Mac announced that consumers buying a condo or refinancing an existing condo mortgage may now be eligible for its automated appraisal waiver.

Originally launched in 2017 for single-family home loans, Freddie’s automated collateral evaluation (ACE) appraisal waiver allows eligible condo borrowers to save money if the lender decides that a traditional appraisal isn’t needed. Freddie says that could save buyers approximately $500 in fees and allow them to close 7-10 days faster.

“We continue to see the share of condo loans we purchase increase, especially among first-time homebuyers,” says David Lowman, executive vice president of Freddie Mac’s Single-Family business. “ACE for condos will help increase the efficiency of the mortgage origination process, offer greater certainty, and help save our clients, and their customers, time and money.”

ACE assesses the need for a traditional appraisal by “leveraging proprietary models and using data from multiple listing services (MLSs) and public records as well as a wealth of historical home values to determine collateral risks,” according to Freddie Mac.

To find out if a condominium property is eligible for an ACE waiver, lenders must submit loan data through Loan Product Advisor, Freddie Mac’s automated underwriting system. If ACE determines that the estimated value or purchase price of the condo is acceptable, the lender may receive immediate representation and warranty relief related to the value, condition and marketability of the property upon delivery of the loan to Freddie Mac.

However, lenders and borrowers always have the choice to either proceed with an ACE appraisal waiver or obtain a traditional appraisal.

ACE for condominium purchases and refinances will be available after July 16, 2018.

More information about Loan Advisor Suite is available online.

© 2018 Florida Realtors

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Who Owns This Beach?

In Florida beginning on July 1st, 2018 the beaches are no longer totally public.  The public has lost access to miles of sandy white beaches.  You can now only enter the beach areas through a public beach access area.  You are allowed to sit in the wet sand anywhere, but if the sand is dry and signs are posted as “private beach” or “no trespassing”, then you may be arrested.  How crazy is this?  Can you imagine coming to Florida on vacation and told you cannot sit where you wish to sit.  You are confined to only the public beach areas and there are not enough of those to accommodate you and your family?

If you are upset with this new law signed by Governor Rick Scott, then write him a letter or call his office.  He owns a lovely beach home in Naples, Florida so he has a stake in this decision.  It’s personal for him.  He gains from his decision and will no longer be Governor after this election year.

Office of Governor Rick Scott
State of Florida
The Capitol
400 S. Monroe St.
Tallahassee, FL 32399-0001

(850) 488-7146

I say the beaches were here long before any human even set foot on them and that they belong to all of us.  Not just the few privileged “rich” folks who own by the water’s edge.  I think this new law is crazy.  What do you think?

There is a protest walk beginning at July 1st starting at 8:30 a.m. from two different access points.  You can start on the West end of Hwy. 30A in Walton County at Tops’l State Park or from the East end of 30A at Camp State Helen.  Plenty of free parking to begin your walk.  Join others in this protest if you can.

It is just a matter of time before the next Hurricane hits Florida.  I say those who claim title to the beach in front of their homes must repair the beach with their own money.  Let’s see how many want State funds for their repairs then.


Beach August 26 2014

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How to Pick a Realtor

I hear a lot of times that buyers or sellers pick the first Realtor who answers their email or their phone call.  This may not always be a good idea.  A lot of brand new Realtors may be the one calling you.  They may never have even filled out a contract before.  You will want to look for a Realtor with some initials behind their name.  The more they have, the more serious they have been about their career.  You can take a two week course and pass a State exam and become a Realtor, but the truly successful ones have been in business for years and have many initials behind their name.

Here are mine with descriptions of what they all mean.

ABR – Accredited Buyer’s Representative.  The Accredited Buyer’s Representative (ABR®) designation is designed for real estate buyer’s agents who focus on working directly with buyer-clients. When you decide to earn your ABR®, you gain: Valuable real estate education that elevates your skills and knowledge in the eyes of homebuyers.

CRS — Certified Residential Specialist — Certified Residential Specialist (CRS) is the highest credential awarded to residential sales agents, managers and brokers.  Only 2% of all Realtors carry this designation.  I am one of them.

SRS — Sellers Residential Specialist — The Seller Representative Specialist (SRS) designation is the premier credential in seller representation. It is designed to elevate professional standards and enhance personal performance.

RSPS — RSPS is recognized as an official NAR Certification, and allows buyers and sellers to have confidence in the ability of a REALTOR® who specializes in buying, selling or management of properties for investment, development, retirement, or second homes in a resort, recreational and/or vacation destination, to assist them …

e-Pro — ePRO is a certification first offered in 2000 by the National Association of Realtors®. It is a comprehensive Internet certification program for real estateprofessionals. Shelby Majors. ABR, CRS, GRI, eCertified, ePRO.

GREEN — A comprehensive understanding of what it means to go green and the concerns of consumers seeking green knowledge about real estate. … Ongoing specialized training and exclusive designation benefits and resources that help you stay on top of green real estate issues and trends.

PMN — The Performance Management Network (PMN) is the flagship REALTOR® business leadership designation designed to give you practical tools and provide you with access to a nationwide peer network of business leaders.

CIPS — By earning your CIPS designation, you will gain access to the CIPS Network, which is comprised of over 3,500 real estate professionals in 45 countries.

SFR — An SFR property stands for Single Family Residential, and is a designation used to categorize how a property is going to be used on a daily basis by the people who own that property.

LMC — Licensed Mitagation Certification

TRC (Transnational Referral Certification) is awarded by the International Consortium of Real Estate Associations (ICREA). The TRC is paramount in the generation of international leads, especially for Realtors® working in second home and resort markets.

CLHMS — The Certified Luxury Home Marketing Specialist™ (CLHMS) designation assures affluent buyers and sellers that real estate professionals have the knowledge, experience, and unique skills to meet their needs.The Certified Luxury Home Marketing Specialist™ (CLHMS) designation assures affluent buyers and sellers that real estate professionals have the knowledge, experience, and unique skills to meet their needs.

Call a professional.  Ask for their Resume.  Look for their credentials.

Kelly Klein,










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Sales Statistics for Walton County, Florida

April Sales Statistics for Walton County, Florida.

Closed sales were up 17.2% over same period last year.  It amazes me how many sales in our county are cash buyers.  With a Median Price of $450,000, 52% of these sales were cash buyers.  Where is all of this cash coming from?  I have my theories, but South Walton County attracts a lot of professionals, sports figures, and famous musicians.  The average sales price was $758,398.  Sellers are holding tighter to the original list price with all sales selling for 96.8% of the list price.  It is taking 140 days to sell, but with inventory dropping monthly, this too is changing.  We are not a one day market here yet, but I see it coming.  

It is my belief that a clean well organized maintained home can sell in less than 5 days in this market.  As proof, take a look at the featured photo that sold for $700,000 furnished in just 4 days.  

Whether you are buying or selling, please think about hiring an agent who knows the market well and can prepare you for the best possible scenario.



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Where are we going?

Where are we and where are we going?  That is a good question.  With the stock market reaching peak performance you would think folks would be taking money out of their 401Ks to buy real estate.  I would think the same.  I would highly suggest that now would be the time to take this loan for yourself and make those investments.  Rental markets are lacking ample supply and if you buy real estate, you can always make it into a rental.

Locally, here in Walton County Florida the market has a  lot of cash buyers.  These cash buyers are doing exactly what I am talking about.  They are taking loans against their 401Ks or 401 Self Directed money and making investments in real estate.  You pay your loan off monthly with interest being paid back to yourself.  You in essence become your own banker.

Thinking of living here at the beach?  Then just do it.  There is never a better time.  Listings only last 100 days on the market right now.  The median price is $334,000 in our area and only going up.  Florida is a hot market to own in with the baby boomers moving south for warmer temperatures.

I look forward to guiding you through a successful transaction from start to finish.

Your Wealth Manger in Real Estate,

Kelly Klein, Agent/Broker

Berkshire Hathaway HomeServices|Pen Fed Realty



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