Mexico Beach Gumbo Fest and Art Walk
Next Saturday, the 15th, is the annual gumbo festival at Sunset Park in Mexico Beach (right next to the El Governor Hotel). I’m not sure how many contestants will be cooking up a storm but I know I will be there representing Sundance Realty with a delicious pot o gumbo! One of our tenants is actually cooking the gumbo….he has taken the last few years to perfect his recipe!
Please stop by and see me!!! I don’t think they let you start tasting gumbo until 10:00 cst but it will be crowded by then so be sure to get there early!!!
We close down when all the gumbo is gone and actually that doesn’t take long…a couple of hours. That gives you the rest of the day to go up to the shops starting at 27th street where local artists will have their original and unique artwork on display for sale!
As for real estate below are links to what has been going on since my last post a few weeks ago!
Real Estate 101
Let’s talk commissions! Most Realtors are paid by commission only. That means we only get paid when a property is sold (we call it “closed”). Most Realtors work for a brokerage and therefore only receive a percentage of that commission. Commissions are paid by the seller of the property unless it is negotiated differently. Commission percentages, although there is an agency standard, must be agreed upon by the seller. The standard commission can vary by a couple of points depending on the area. Here in Mexico Beach, the typical commission is 6% for residential.
The commission is part of the seller’s closing costs. The seller, in Florida, typically pays the commission, doc stamps on the deed and title insurance. The buyer, in Florida, typically pays for any fees associated with financing and inspections/surveys. I have to stress typically, because everything is negotiable. These closing costs vary according to area as well.
More Real Estate 101 in my next post!!! If you have a particular question about real estate, please send me an email and I’ll be glad to answer it in my next post. You can rest assured, if you have that question….others do as well!!!
Interest rates continue to stay under 5%! The inventory in our area is extremely low…..so the theory of supply and demand kicks in……and our prices will be on the rise!
If you have any interest in buying in Mexico Beach, St. Joe Beach, Port St. Joe, Windmark Beach, Cape San Blas, Wewahitchka……and you are not working with a realtor or you haven’t found a realtor you connect with yet…………………….let me know! I’ll be more than happy to work with you!!!
Have a great weekend!
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