If you're up to speed on Naples real estate you may already know Collier County Commissioners are preparing to vote/pass a mandatory inspection requirement on foreclosed properties. You can read more about the possible Mandatory Inspection Ordinance if you're unfamiliar. Although I don't quite agree with the position the Naples Areal Board of REALTORS holds, I do suggest the commissioners take their time on this possible ordinance.
There's rumors the commissioners may expand the ordinance to include all properties and other alarming attributes. A few concerns I have regarding this issue is the fact that the inspection ordinance will only cover a few points about the property and buyers will mistakenly assume that they're getting a full inspection which is incorrect. The second thing that bothers me is although they may create a few government inspector jobs...with the perceived value of the new inspection they could also be screwing over the other inspectors in the area. The other factor is that they are in no way shape or form prepared to handle the amount of inspections that need to be done which will cause delays and ultimately kill some deals...we really don't need any additional help with that.
There are some good aspects to this possible ordinance if done correctly. First and foremost...we have several lenders, investors and end user sellers who are dragging their feet about getting deals done and while time lapses the condition of the real estate deteriorates. If an ordinace passes with any sort of a grace period...those folks better wake up and wake up fast to get their properties moved or many of them could face additional costs to unload that real estate. I think it's an absolute sin how delayed some of these sales are and it just might put a little gig in their giddy up! :)
I have to admit I do enjoy some of the more astringent ordinances and codes that were passed in Collier County somewhere along the road. It's one of the reasons why our town is as beautiful as it is and why we've been so fortunate to not have the same amount of damage from storms as some of our neighboring areas. Naples has never been the least expensive place to purchase and I seriously doubt it ever will be. I've had lots of potential customers choose other areas for that reason just as I've had a quite a few who purchased in Naples Florida for that reason as well. We are not a "this area fits all" community but we hopefully are a "this area fits you well if you understand the value" community.
If you're interested in attending the commissioners meeting it takes place at 1:30pm on the 3rd floor of the administrative building next to the Court House. If you can't make the meeting you can send your commissioner an email!
Best Regards,
Your Naples Smart Girl!