ft myers: Congress Had a Busy Day Yesterday - 07/01/10 10:12 AM
There is plenty of good news this morning for homeowners and those who want to be. Last night Congress passed the extension for the home buyer's tax credit. This moves the deadline for closing from June 30th to September 30th, 2010. According to Florida Realtors® this may allow an additional 14,000 people in Florida to enjoy the benefits of the tax credit that would have otherwise lost out due to not being able to close on time.
So many buyers flooded the market to take advantage of the tax credit that lenders were overwhelmed. Many of these buyers would have probably … (4 comments)

ft myers: Tenants Beware - 06/30/10 11:13 AM
Tomorrow is the day the new Florida Law goes into effect allowing Homeowners Associations to go after tenants for past due fees owed by the deadbeat owners they are renting from. Owners often owe delinquent fees to their association on properties that are in foreclosure. These owners however continue to rent the properties and most of them keep the rents although they are not paying their fees or their mortgage.
This law is aimed at helping associations recover fees that they are losing out on. Many associations throughout Florida are in desperate financial trouble due to the large amount of foreclosures … (4 comments)

ft myers: Lee County Real Estate Market Overview-Summer 2010 - 06/30/10 10:33 AM
Lee County Real Estate
As of this morning the MLS for Fort Myersshows a little over 5100 single family homes available for sale that are not short sales. Last month we sold over 1400 homes in Lee County. That gives us an available inventory of approximately 3-4 months of sellable homes.
What I mean by sellable is that they can be sold without waiting for months for bank approval of a short sale. Out of the 5100 homes only about half of those are under $250,000 and only about 1100 of those are $100,000 or less.
Last month there were only 847 … (0 comments)

ft myers: Listing...Listening Presentations - 06/29/10 01:11 PM
Listing...Listening Presentations
As an agent in the Fort Myers Real Estate Market I meet with tons of sellers. Sometimes I am competing for their listing with other agents. I often wonder why they choose me to sell their home. I know the obvious. I have experience, a great listing presentation, quality charts and graphs. I know the Lee County Real Estate market. But aren't the other Real Estate Agents showing them similar presentations? Don't they have access to the same MLS information? I wanted to think it was just because I was better looking that the sellers chose to go with … (3 comments)

ft myers: Why Are We Advertising the National Flood Insurance Program? - 06/28/10 10:57 AM
As an extremely busy Realtor® here in Fort Myers Florida, I rarely get the chance to sit down and watch TV. I try to keep up on sports and the news. So as little as I get to watch TV I have been surprised that over the last two weeks I have seen so many commercials touting the benefits of the National Flood Insurance Program and the need for homeowners to purchase it. The problem with that is that they can't purchase flood insurance. Congress has yet to reauthorize the program leaving many people uninsured and unable to purchase homes when … (0 comments)

ft myers: You Are Invited - 06/16/10 03:10 PM
  
 … (2 comments)

 
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Erik Elsea

Fort Myers, FL

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Erik Elsea-Jones & Co. Realty

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