Florida Real Estate News - 02/26/07

February 27, 2007

REAL ESTATE INVESTMENT
Here’s a suggestion when looking to make a real estate investment.  Look where artists live now. Sociologists say that artists are often an early sign of neighborhood gentrification – the advance guard of what’s hip and cool.  But, be aware that it might be several years before you realize a profit.
Such an area [...]

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Real Estate News - 02/23/07

February 26, 2007

A GNAWING PROBLEM FOR YOUR FLORIDA HOME
Termite swarming season has begun. Swarming season occurs when termites begin to leave their colonies, or swarm, to search for new nesting sites. Many homeowners first discover that they have a termite problem when these winged, black insects about 1/4-inch long are in their homes. According to Florida Agriculture [...]

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Real Estate News - 02/22/07

February 26, 2007

DEED SCAM
Be aware and save yourself some money.  Some companies pressure homebuyers into purchasing a certified copy of their property deed and charging them as much as $100, according to Consumer Reports.
If you need a copy of your property deed, you can always either go to your local county’s clerk of courts office or if they [...]

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Real Estate News - 02/21/07

February 26, 2007

FLORIDA REAL ESTATE PROPERTY TAXES Lawmakers in the state House of Representatives are ready to lower Floridians’ property taxes – by raising the state’s 6-cent sales tax by 2 to 3 more pennies and making it the highest in the nation.  Increasing the sales tax may result in a greater portion of low income [...]

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Real Estate News - 02/20/07

February 26, 2007

FLORIDA HOMEOWNERS INSURANCE
Insurance companies on Monday dropped a court challenge to a new state rule preventing them from immediately canceling some homeowners’ policies or raising rates. Why? Because the Florida Office of Insurance Regulation now says that companies can proceed with plans not to renew policies for customers who had already been notified they were [...]

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Real Estate News 02/19/07

February 19, 2007

PROPERTY INSURANCE
State regulators on Friday gave tentative approval to the first rate cuts by private home insurance companies following last month’s passage of a new law giving the companies more access to Florida’s backup insurance fund.
INSURERS
Amid the changes that state lawmakers made last month to Florida’s property insurance regulations, one central issue was left on [...]

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Real Estate News 02/18/07

February 18, 2007

PROPERTY INSURERS
True or false: U.S. antitrust laws apply to Realtors but not the insurance industry. Answer: True. Federal oversight does not apply to insurers’ anti-competitive conduct, such as price-fixing, agreements not to pay and market allocations. But bills to change that status were introduced in the U.S. House and Senate yesterday.
MORTGAGE RATES
Rates on 30-year mortgages [...]

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Naples Real Estate News 02/15/07

February 15, 2007

HOME SALES
Florida’s housing sector continued to mirror the national trend in fourth quarter 2006, reflecting slower sales and stabilizing median prices in many markets. A total of 37,177 existing single-family homes sold statewide during the quarter, down 28 percent from a year earlier, while the statewide median sales price was $242,100.
CITIZENS PROPERTY INSURANCE
Citizens Property Insurance [...]

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Real Estate Agent Representation

February 8, 2007

Today, Jim Messenger found an interesting and somewhat misleading article about real estate agents representing buyers.
Personally, I found the author of the article rather misinformed or not doing sufficient research to realize that various states have different laws governing real estate brokerage and do vary from state to state.
If you are a buyer of real [...]

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Naples Homes Market

February 1, 2007

The single family home real estate market for Naples is improving, but still a buyer’s market for January. 
The most significant aspect is when looking at January 2007 

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