27 06, 2012

Mortgage Alert!!!! Mortgage interest rates lowest since 1950!!!

By | 2012-11-12T16:29:02+00:00 June 27th, 2012|Cape Coral, Fort Myers, News, Real Estate|0 Comments

In an Associated Press article posted on 6/27/12 by Mary Gordon, she writes that current mortgage interest rates are the lowest since 1950! She sites that Freddie Mac is quoting 30 year fixed rates at 3.66%………down from the previous amount of 3.95%. This marks the 7th reduction in rates in the past 8 weeks. Mary goes on to quote that for well qualified buyers that the 15 year fixed rate is also at a historic low of 2.95%. That is a huge savings to a potential home buyer. Cheap money and good credit scores, means great news for the buying public. If there ever was a time to get off the fence and buy……… its TODAY!  Here in Lee County there is currently a very low inventory of  quality homes on the market, which is actually driving prices up a bit. You may not be buying at the very bottom of the market, but certainly still at bargain prices. Another trend we are seeing in our market is an increased number of contractor vehicles on our roads and streets. Could this be a signal that new construction is going to return in 2012? With many years of lenders not offering any construction to perm loans, its time for that trend to change. Our local economy is driven in a large part by new construction. It employs both construction laborers, [...]

26 06, 2012

Should we rent or buy a home in 2012?

By | 2012-11-12T16:29:43+00:00 June 26th, 2012|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

Sounds like a simple question, but with a somewhat complicated answer!! It’s tempting to suggest a move toward purchasing a home since our market hit the bottom with home prices in the fall of 2011.  Although you may have missed the bottom, prices have not risen that much, resulting in some remaining, very good deals to be made on both homes as well as condo,s. There are a number of things to consider when thinking about buying and the American Bankers Association has come up with a few critical questions to help with that decision process. 1] How much can you afford to put down?  For some this would immediately answer the question of buying or renting! Banks are looking for 20% down in most cases unless your credit score is in the very high 700’s or into the 800’s. The size of the down payment has a direct impact on the monthly payment. Examine your overall financial health, to determine the impact a fixed monthly mortgage payment will make on your overall expenses.  Also, the term of the mortgage will be important…….perhaps instead of the traditional 30 year term, a 40 year may suit your needs better. […]

21 06, 2012

What cities are on-line buyers looking at in the Homes.com site?

By | 2012-11-12T16:30:26+00:00 June 21st, 2012|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

In the world of  websites that offer the general public access to search for homes in all parts of the world, there are 3 that capture most of that market………Trulia…Zillow…and Homes.com. Periodically these 3  report activity levels within their site and publish various and interesting results. If you have the time go to Homes.com and read the entire article…”Top 100 Cities….State of the Housing Market Report.” If you do not have the time go there to read the entire article I want to recap for you…….Its great news for our area. The most searched  cities in America on the homes.com site are: […]

13 06, 2012

Searchng for property in Ft. Myers…Cape Coral…Lehigh Acres…just made easier!!

By | 2012-11-12T16:31:55+00:00 June 13th, 2012|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

How about an easy way for the general public to have access to up to date information directly from our local MLS system? Here is how it works. Start by contacting a Realtor. Based upon a short over the phone question/answer period, and discussion about your type of search, you both can decide which MLS system program will work best.  LISTINGBOOK  This is a tool for a buyer that simply wants general information about their areas of interest. Maybe you want to take a look at Lehigh Acres for a home. Perhaps you want to see what is available for condo’s in Ft. Myers. Perhaps you want to invest in land in Cape Coral. It’s just a simple and easy way to perform a generalized search of different areas, and a variety of property types and prices. The great thing about the Listingbook is that you can modify…change…narrow…expand…your search criteria yourself.  The information is almost a live data feed directly from the MLS, so its fresh and current information. There is nothing worse than going to an internet homes search site, finding a property you like, only to call and find it…..sold. The system is updated about every hour in the Listingbook. Its easy and very user-friendly. […]

11 06, 2012

Tips when considering a short sale of your home.

By | 2012-11-12T16:32:33+00:00 June 11th, 2012|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

First, lets discuss just what a short sale is: A situation where a home borrower can no longer afford to make the payments to their lender, and are in default on that mortgage. A short sale is an attempt to sell the home and have the lender accept a lesser amount for the property, that is owed. Here are some helpful tips: 1] Do not try to attempt this type of negotiated sale yourself, you will need the services of  an experienced Realtor who specializes in this type of sale. Check in detail their number of years working with short sales and obtain the number of successful closings they have completed in the last 12 month’s. Without a real estate professional, there is little chance of a success in the short sale market. […]

11 06, 2012

What is the best way to experience the Florida Everglades?

By | 2012-11-12T16:33:28+00:00 June 11th, 2012|Boating, News, Other, Real Estate|0 Comments

First of all, there is no BAD way to see the Florida Everglades!  1] You can travel by car thru the Everglades on the “Alligator Alley” .  2] You can take a plane ride over the Everglades.  3] You can rent a small boat and tour the back waters thru the Everglades yourself.  4] You can take a hot air balloon ride over the Everglades…….or: For me the best way to see the “Glades”……as the locals call it is by…..AIRBOAT! It gives you the great thrills of an adventure ride at about 35 – 50 mph…..the enjoyment of being on the water…..a narrated tour about the  wild life…..a chance to get deep into the mangroves….and to be close enough to live alligators that you would ever want to be!! I can’t tell you about all of the tours and all of the available places around the Glades to hitch an air boat ride but I can tell you about one of the best. […]

8 06, 2012

Fort Myers and Cape Coral property values increase!!

By | 2012-11-12T16:34:13+00:00 June 8th, 2012|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

[Excerpts from the Cape Coral Breeze newspaper.] Lee County property appraiser Ken Wilkinson was happy with the news he shared with us on Friday……..”For the first time in 5 years, I have happy news about property values!”  “After years of plummeting real estate values and tax revenues, it appears that the long nightmare is about over for Lee County, especially in Cape Coral.” “Cape Corals estimated tax roll value increased by  3.5% in 2011, the biggest increase among the taxing authorities in Lee County.” The Cape leads the trend that we have bottomed out in prices, something we were all hoping would finally happen so we can start the road to recovery. When the property appraisers office released the news, City Council members stood up and cheered. […]

8 06, 2012

Where the locals go for fun on Fort Myers Beach

By | 2012-11-12T16:35:37+00:00 June 8th, 2012|Boating, Fort Myers, Other, Real Estate|0 Comments

I guess if there is a time to avoid going to the island,  for me it’s during our busy “SnowBird” winter season. I prefer to let the winter tourists have and enjoy the island during the winter because we want and depend on the tourist dollars coming into the county as a good source of revenue. Hal & I love to see the month of April come and go………and the mass exodus of the winter residences heading back north. For us and other locals Ft. Myers beach has its own attractions and distinct personality apart from the other 7 barrier islands that line our SW coastline. […]

7 06, 2012

Lee County home prices on the rise!!

By | 2012-11-12T16:36:22+00:00 June 7th, 2012|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

Our local  Realtor Association has just released some very good news about housing and home sale statistics………….sale prices are rising. Year to date 2012 median home prices are up over 20% from the same time in 2011. Those prices rose largely due to fewer properties entering the market….and….the majority of the homes sold[66%] were traditional sales. [fewer foreclosure or short sales]. There were some 3,623 home “For Sale”  in the market in May, compared to 6,648 in 2011. Sales during our traditional winter “Snowbird Season’ were also solid and strong this year. For the first time in over 6 years I can now tell my sellers its s GREAT time to enter the market and sell……..and also for the first time we are seeing the pendulum swing away from a solid “Buyers” market, as we have seen with the flood of foreclosure inventory, in years past. […]

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