There is something happening in Cape Coral Fl - 07/15/08 07:51 AM
There is something happening in the Cape
 
SFR sales are doing great. These sales are golden; these people will not regret their purchase.
Here are the numbers; judge for yourself
 
 01/01/08 thru 7/14/2008 SFR SOLD
 
2008 Sold: 1891 AVG $214,833 
2007 Sold: 1189 AVG  $307,557 
2006 Sold: 1804 AVG  $331,875 
2005 Sold: 2336  AVG $336,146 
2004 Sold: 1748  AVG $234,037 
2003 Sold: 1236 AVG  $200,014 
2002 Sold: 806   AVG  $182,468 
2001 Sold: 638  AVG   $162,114 
2000 Sold: 576  AVG  $142,486 
  
In June 59 percent of the Cape Coral SFR sales were conveyed by a Corporation. The vast … (1 comments)

Study of June Single Family Sales in Cape Coral and Lehigh - 07/13/08 11:56 AM
We performed a study of Single Family Sales in Cape Coral and Lehigh. We were provided MLS data from a Corp member. We found some real interesting trends.
 
Money is in motion. For a segment of the market. Short Sales are just not happening enough to matter. They remain a clog on the market and are unrealistically priced. We are of the opinion that they are used more for chum for buyers than a sound business model. The failure of short sales has more to do with Banking Guidelines which govern balance sheets. Its not in the bBanks best interst … (0 comments)

THE KEY TO MAKING MONEY - 07/13/08 11:42 AM
 
THE KEY TO MAKING MONEY IS HAVING A SYSTEM AND A FIRM GRASP OF WHAT YOU ARE TRYING TO DO AND HOW YOU ARE GOING TO DO IT.
 
here are the concepts involved
1. reacting: tending to react to events and situations rather than initiating or instigating them
In real estate many times we will have to roll with the punches. It's the nature of the beast.  The key is not to do that everyday on everything you do
We should strive to be proactive
1. being proactive is about being anticipatory and taking charge of situations.
One thing, which I always … (1 comments)

one thing that almost all successful real estate Investors have done - 07/13/08 11:39 AM
— Farming an Area or Market Segment in Real Estate
There's one thing that almost all successful real estate Investors have done to develop their business in a specific area or market demographic.
— Farming an Area or Market Segment in Real Estate
This can be a geographic area, Property type or, Price range
A lot of this depends on you and what you want to do
— Farming an Area or Market Segment in Real Estate
Try and find the hot spots
I try and go where the money is
Pioneers come back with arrows in them
Let someone else blaze the path
… (0 comments)

emotion has more to do with Real Estate than supply and demand ever will - 07/13/08 11:37 AM
think emotion has more to do with Real Estate than supply and demand ever will
In 2005 we were buying houses when we should not have been
In 2007 we should be buying houses and we are not why is that....Socioeconomics
I quote 
Socioeconomics typically analyze both the social impacts of economic activity and economic impacts of social activity. In many cases, however, socioeconomists focus on the social impact of some sort of economic change. Such changes might include a closing factory, market manipulation, the signing of international trade treaties, new natural gas regulation, etc. Such social effects can be wide-ranging … (3 comments)

I started in Real Estate in the mid 1990’s. - 07/13/08 11:35 AM
I started in Real Estate in the mid 1990's. It was close to the market we have now. I came in with a fresh perspective, so I did better than most. I did not know we were coming out of a Correction.   Which brings me to the purpose of this Blog. During 2001 thru 2003. All we really had to do was close who called us, the market was moving at a decent pace.    During 2003 thru 2005. All we really had to do was take orders. The people came in droves wanting houses and mortgages. We forgot how to find … (0 comments)

Bad Housing Predictions of 2007 - 07/13/08 11:34 AM
_________________"Some people spend an entire lifetime wondering if they made a difference in the world. But, the Marines don't have that problem." -- Ronald Reagan
… (0 comments)

Déjà vu - 07/13/08 11:33 AM
It seems like in history we just keep repeating the same things over and over again
http://www.stock-market-crash.net/florida.htm
At this point, almost anybody could invest in Florida, even without much money. Credit was plentiful and soon everybody in Florida was either a real estate investor or a real estate agent. In 1922, the Miami Herald became the heaviest newspaper in the world as a result of its humongous real estate advertisements. People in the North heard about the real estate prices "doubling and tripling", causing a snowball effect. Capital was rapidly pumped into the real estate market. Whole golf communities were developed, … (2 comments)

thought for the day, The empirical method versus scientific method - 07/13/08 11:32 AM
think this is why many did not see the RE market was going to tumble 
 I am a numbers geek, I gather data by the GIGABITE, some manually done, some robotic, some gathered by a service
I have learned to stop trying to use the data to confirm my intent or train of thought  and to "think" about the data
as RE Pro's we tend to look for what we want to see, that will cause you to follow a trend too long or not long enough
The empirical method is generally characterized by the collection of a large amount of … (0 comments)

 

Jeffrey Tumbarello

Fort Myers, FL

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South West Florida Real Estate Investment Association

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