Naples Real Estate News – 06/29/07

June 30, 2007

HOMEOWNERS INSURANCE – Five homeowners insurance companies want to raise rates just weeks after the state ordered providers to lower premiums. The state has been asked to approve requests from Auto Owners (average of 41.9 percent), Cincinnati Insurance (37.5 percent), Florida Farm (30.3 percent), Hartford, (29.5 percent) and Metropolitan Property and Casualty (14.9 percent).
Personnally I [...]

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Naples Real Estate News – 06/28/07

June 29, 2007

HOME INSPECTIONS – It’s official: Gov. Charlie Crist signed SB 2234, which creates a program to license home, mold and wind mitigation inspectors working in Florida. But don’t expect quick changes. The new law becomes effective July 1, 2010.
This is a law that many thought would not be signed by the governor.
I would still recommend [...]

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Naples Real Estate News – 06/27/07

June 29, 2007

REAL ESTATE TAXES – Wait until voters have a chance to approve or reject the current real estate tax proposal, Allan Bense urged colleagues on the Taxation and Budget Reform Commission that met yesterday. If that proposal fails, the commission has the power to put another plan before voters as early as November 2008.
Lately, it [...]

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Naples Real Estate News – 06/26/07

June 26, 2007

Not too much to report on today’s Naples real estate news, so it will a rather post.
FLORIDA HOMEOWNERS INSURANCE – Florida’s catastrophe fund is facing a decision: Spend money now so we have more insurance backing if a big one hits; or save money now by gambling that hurricane damage, if any, will be relatively [...]

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Naples Real Estate News – 06/25/07

June 26, 2007

FLORIDA HOME INSPECTOR LICENSING – Gov. Charlie Crist recently received SB 2234 by Stephen Wise (R- Jacksonville) regarding state regulation of home inspectors, and has until the end of this week (June 30) to sign it. However, there’s reason to believe the governor may consider vetoing it since he’s already vetoed a bill that instituted [...]

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Naples Real Estate News – 06/22/07

June 25, 2007

HOME VALUES – Homeowners still have an amazingly optimistic attitude about the value of their homes, with almost 75 percent believing they could sell their home within the next six months at a price they set. That’s good for the industry but presents a challenge for real estate agents working with home sellers.  Although this is a [...]

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Naples Real Estate News – 06/21/07

June 25, 2007

FLORIDA REAL ESTATE TAXES – The first phase of real estate tax reform crafted during the Florida Legislature’s special session is now law after Gov. Charlie Crist signed it on June 21st. The first phase offers savings of about 6 or 7 percent to all property owners, both homesteads, second homes and commercial property.
NATIONAL REAL ESTATE MARKET [...]

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Naples Real Estate News – 06/20/07

June 25, 2007

FLORIDA MORTGAGE FRAUD – In 2005, Florida ranked No. 1 in mortgage fraud. But the rules will change Oct. 1, 2007, when a new law – signed on June 19th by Gov. Charlie Crist – tightens lending rules. Homebuyers can expect more detailed mortgage disclosures, a good faith estimate they must sign and date, notification of any [...]

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Naples Real Estate Overvalued

June 21, 2007

You just have to believe everything that is published on the Internet!  Even if it potentially has flaws within it.  Naples Florida real estate may not be overvalued as the title of this article implies.
On June 16, a staff writer for CNNMoney.com released an article Overheated Housing Markets Cool Down and reflects that the Naples [...]

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Naples Real Estate News – 06/19/07

June 20, 2007

HOUSING MARKET – Florida’s housing market, thought to be stabilizing earlier this year, deteriorated in the latest quarterly UF survey, a situation likely brought on by uneasiness about lending practices, insurance rates and the state’s property tax structure, according to UF analysts.  Unforeseen circumstances sometimes cause the market not to improve as well as improve.  [...]

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