moneytreincom: Southwest Florida off of life support?
- 07/25/08 01:52 AM
So home sales are up and prices are down. What does this mean for us in the Fort Myers-Cape Coral-Bonita Springs area? Actually it means a lot when you consider all that has taken place over the past 3 years. Our area underwent one of the most torrid times in real estate history. Demand was absurd, prices were appreciating at a ridiculous rate, speculation was rampant and things quite frankly were out of control. Now we see a sign of things returning to normal. The number of sales are on the increase as more and more people are coming in to an … (4 comments)
moneytreincom: What about Bill & Cindy Average
- 07/18/08 05:12 AM
This article appeared today: Some are calling this the best market for investors since real estate tanked in the early 1980s. Investors, alone and in groups, are negotiating volume deals as they purchase whole subdivisions and bundles of 10 to 50 defaulted loans for pennies on the dollar. "What we're seeing today dwarfs [the 1980s] by five or 10 times," says Bob Leonetti, president of SMI Funding, an Austin, Texas, company that originates and acquires private and conventional mortgages. "There are huge opportunities for investors.""People who have cash positions now are going to do very well," says Central Florida real estate … (1 comments)
moneytreincom: 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)
moneytreincom: What will waiting do for you?
- 07/13/08 09:58 AM
In today's new real estate market the time for hesitation is past. Now is the time for action. To take advantage of the new market, the reality is clear-don't wait: If you are ready to move to a home where you would rather live; If you can afford a conventional fixed-rate loan; If you plan to live there or own it for several years; now is the right time to move or buy a first home, second home or rental. Waiting rarely pays off for many reasons. Recent SalesHomes are selling Fort Myers and in southwest Florida. Yes, there is more … (0 comments)
moneytreincom: Who's riding the foreclosure bus?
- 07/10/08 04:08 AM
It seems in recent months that there are some interesting innovations in marketing coming to our industry. The advancement of the web has put potential homebuyers right on the sofa of their new living room through the use of virtual tours. The use of call capture has homesellers knowing who is interested in their property. Partnering with the travel industry has developers bringing in buyers worldwide. Even the market we are in has brought about a need for adaptation. Now, we have the foreclosure bus! Entrepreneurial agents are contacting investors, rounding them up and putiing them on a chartered luxury bus. … (9 comments)
moneytreincom: How to use less energy and still pay the same.
- 07/09/08 10:34 AM
If you are a Florida Power customer you might be asking that question in the months ahead. The Florida Public Service Commission approved Florida Power & Light Company request to increase their customer's electric costs to offset unanticipated fuel costs. Reports are that the increase will be approximately 8%.The FPL news release does offer the following ways to reduce your electricity usage. Cool your home at 78 degrees or warmer with the thermostat fan switch on "auto." For additional savings, raise your thermostat to 82 degrees or warmer when you're away from home. Install a programmable thermostat to adjust the temperature … (0 comments)
moneytreincom: Less agents, doing more right.
- 07/09/08 10:27 AM
So it's a beautiful day in sw Florida, birds are out, sun is shining at least part of the time and buyers are out there. I get a call from a buyer who asks me "I have about a million dollars liquid right now, got any good deals?" Well of course I could find some good deals! So I proceed to find him a 1785 sq ft home with a pool, built in '06. The property was bank owned and the LA had it listed for $120,000. My buyer loved the house as an investment property and asked me to prepare the … (1 comments)
moneytreincom: More jobs in the GO Zone
- 07/09/08 06:05 AM
A new retail development opening in D'Iberville is expected to create many new jobs for this Mississippi gulf coast town. This is great news for and area 3 years removed from the ravages of Hurricane Katrina. The developers plan to officially break ground Tuesday for The Promenade retail center in D'Iberville. About 1,000 jobs will be created and The Promenade is expected to generate more than $185 million in annual retail sales. "We believe The Promenade will serve to revitalize the area and create a much needed retail hub and service district for the D'Iberville community," said Stephen Lebovitz, president of … (0 comments)
moneytreincom: 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)
moneytreincom: Go Zone is heating up again
- 07/01/08 05:00 AM
meadowsgozonewebinar[1] - Upload a Document to Scribd Read this document on Scribd: meadowsgozonewebinar[1] … (3 comments)
moneytreincom: 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)
So home sales are up and prices are down. What does this mean for us in the Fort Myers-Cape Coral-Bonita Springs area?;)
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