fort myers real estate: Is anyone else exasperated with short sales?
- 07/17/08 04:49 AM
Got a homeowner in trouble with his lender? Can't do a workout? The answer is a short sale.....This is the answer right?? It is what's best for the client...right? It provides the agent with a great listing at a great price....right? Surely with the reduced price it will be a quick sale, fast closing....right? It helps the market by reducing inventory....right? In theory it all sounds good. But I'm finding that it's not all good. I'm finding homeowners are facing big questions as to the tax implications of a short sale. I'm finding many homeowners are having trouble renting a home … (3 comments)
fort myers real estate: Notes from the 4th-I love America
- 07/06/08 04:29 PM
Ok, so now that our 232nd birthday has come and gone. Now that we are seeing mega-discount sales on fireworks and hot dog buns, now that our 3-day weekend is over, I'd love to hear some post Independence Day thoughts. For me, one of the highlights was actually last Wednesday. I was attending our Wednesday evening church service along with my family. This is normally a great service because in it we honor our military heroes past and present, and salute the history of our nation. I was also pretty excited to hear our guest speaker that night, Dr. Ergun Caner … (0 comments)
fort myers real estate: Secrets of the FSBO
- 05/08/08 02:22 AM
When it comes to buying or selling any property or a home, two types of ideas may come to the mind. Whether you should appoint an agent for selling your property or should you do it yourself depends on your personal aptitude. If you do it yourself, you are doing it the FSBO way. In FSBO, the idea of negotiating may be intimidating. Negotiating skills are something we all possess, but the onus is on negotiating effectively so that neither you nor your buyer looses. Buyers can move away due to the seller's inflexibility, everything can down hill from there, and … (3 comments)
fort myers real estate: Are Foreclosues Considered True Comparables?
- 04/19/08 11:54 AM
It depends. Simply because a property sells does not make it a comparable. Often a duress sale doesn't accurately reflect true market conditions, such as a foreclosure, short sale, estate settlement, tax sale, divorce, condemnation or other involuntary sale conditions. Professional appraisers use a standard called "arm's length." To qualify, the buyer or seller must not be related to each other or have common interests-they have each other at "arm's length"-that establish a fair market value. In a "non-arm's length" transaction, the relation-ship between the parties may cause one or the other to accept less than they are entitled to or … (2 comments)
fort myers real estate: Smaller Floor Plans in Big Demand
- 04/15/08 05:46 AM
American's appetite for big homes and over-sized furniture appears to be shrinking.New-home buyers began asking builder KB Home for smaller floor plans right after the collapse in subprime lending last year, says CEO Jeffrey Mezger.The demand for a huge, high-ceilinged great room is giving way to the desire for special-purpose rooms, including media rooms and home offices, says a spokesman for luxury specialist Pulte Homes.In three of its four new sofa collections, Younger Furniture is offering "apartment size" sofas, which are about 10 inches shorter than full-sized ones. Citing a trend toward smaller homes, Rowe Fine Furniture says it expects its … (0 comments)
fort myers real estate: Stoneybrook at Gateway Real Estate Activity Report
- 04/12/08 04:11 PM
The southwest Florida real estate market is showing signs of becoming healthy again, particularly in certain regions. One of those regions is the Gateway area of Fort Myers. Gateway seems to be a well insulated market for several reasons. It is an excellent of mature and new communities, it has an excellent proximity to both the Fort Myers and Naples job markets, it is easily accessible to major shopping and new schools and is well poised for growth. Here is a snapshot of one of the top neighborhoods in Gateway, Stoneybrook at Gateway. New Listings
For more complete information on Stoneybrook at Gateway … (0 comments)
fort myers real estate: Are REO's worth it?
- 04/10/08 02:32 AM
Buying bank owned propertiesThere is a lot of interest in buying bank owned properties these days. A lot of information, some good and some bad, is floating around about the subject. Often the information offered is for sale, with the promise that you can make a lot of money with little effort once you know "the secret formula". The fact is that there are no secrets, and to make money does require effort. What's an REO?REO stands for "Real Estate Owned". These are properties that have gone through foreclosure and are now owned by the bank or mortgage company. This is not … (0 comments)
fort myers real estate: Easter reflections
- 03/18/08 03:18 AM
Arguably one of the most celebrated days of the year has come and gone, St. Patricks Day. Halloween, Cinqo de Mayo, and St. Patricks Day are three of the most celebrated "minor" or "unofficial" holidays of the year. Bars and restaurants pull out all stops, retailers hold massive sales and neighborhoods come together for mind numbing parties. Now comes Easter. How do we celebrate Easter? Well, ladies buy new hats and dresses for themselves and their daughters. Fathers and sons get fresh haircuts, break out crisp shirts and ties. Families "do the church thing" and everyone races home for the neighborhood egg … (1 comments)
Got a homeowner in trouble with his lender? Can't do a workout? The answer is a short sale.....This is the answer right?? It is what's best for the client...right? It provides the agent with a great listing at a great price....right? Surely with the reduced price it will be a quick sale, fast closing....right? It helps the market by reducing inventory....right?;)
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