Naples Florida Real Estate News – 10/24/07

October 24, 2007

HOME SALES – Mirroring the national trend, turmoil in the mortgage market impacted Florida’s housing sector in September, despite continued low unemployment rates and other positive economic activity. Statewide sales of existing single-family homes totaled 8,688 last month, a decrease of 38 percent compared to September 2006 activity, according to Florida Association of REALTORS. The [...]

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Naples Florida Real Estate News – 09/28/07

September 28, 2007

Today’s topics cover a lot on mortgages – rates, fraud, and reform.  What’s going to happen with the economy – read one notable economist’s view. A valuable buyer tip has been added – based upon investors criteria. Good advise from the pro’s for the homebuyer.

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Naples Short Sales and Pre-foreclosure Sales

September 5, 2007

Many homeowners are facing the potential of a foreclosure action for many different reasons.  A possible solution is the exploration of a "short sale" or pre-foreclosure sale.  A seller needs to research and gather information prior to embarking on this endeavor.  You might want to seek the advice of a well qualified real estate agent [...]

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Naples Florida Real Estate Taxes

July 10, 2007

I received a question today, that my answer could be informative for potential purchasers of Naples FL real estate. 
I have another question for you. A friend of mine living in Florida, told me the way to figure out how much you’ll be paying in taxes is, it’s $12.00 per $1,000 in Florida. Is this true for all of [...]

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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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Florida Real Estate News – 03/23/07

March 31, 2007

HOME SALES Existing home sales in Florida continued to show a more sustainable pace of sales in February while still-low mortgage rates sparked buyer interest, according to FAR. Statewide sales of single-family existing homes totaled 10,779 last month for a 23 percent decrease compared to February 2006. The statewide existing home median sales price [...]

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Naples Condo Values Vary

March 8, 2007

Often people want to know from a real estate agent’s point of view where they should consider buying a condo.  Recently, a few people asked about some three different bundled golf course communities. 
Looking at closed sales for the past six months and the previous six months the results for the average price paid was rather interesting to [...]

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Lots In Golden Gate Estates

March 4, 2007

Yesterday someone asked a very good question about what I saw as to the direction of the value of Golden Gate Estates lots. They had heard that once Ave Maria University is built that lot values would increase and start selling faster.
Below is my response – it is rather lengthy: For quite some [...]

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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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10 Fixed Option ARM

December 18, 2006

The 10 Year FIXED Option ARM solves the problem of the option ARM in the borrower’s favor.
First and most importantly, the actual rate at which the loan accrues interest is FIXED for the first 10 years. The borrower will not get run over by a rising rate market.
Second, the loan allows for the 4 “options” [...]

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