31 07, 2013

Home Loans are Getting Easier to Obtain

By | 2017-08-28T01:55:15+00:00 July 31st, 2013|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

The easy credit that crashed our market in 2006 led to new industry lending standards and regulations that just about put a choke hold on home mortgages. The new guidelines for lending actually hurt the economy and stalled its recovery. It got to one point that you needed to prove you did not need the loan to get the money to buy a home! Some of that has changed. There is a lot more flexibility in the mortgage market than there was just 2 short years ago. In fact, if you were denied a year ago, it might just be a good time to see if you qualify now. The pendulum has swung back to a more normal position with “prudent” lending and “cautious” steps forward. Here a few ways the mortgage experts see the new market: […]

30 07, 2013

Your Credit Score——Bet You Don’t know This!

By | 2017-08-28T01:56:21+00:00 July 30th, 2013|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

Most of us on the planet understand the importance of  knowing your credit score and the improtance of keeping it high. But there are some interseting facts about how your score is computed…….none of the big 3 companies like Experian, Equifax, and Transunion calculate it quite the same way. Most of us know that credit scores range from 300 – 850. The score can quantify an individual’s ability to repay a loan. Mortgage lenders, credit card and insurance companies, even your potential employer can use your credit score in their hiring decisions. Some things to remember:…………….. […]

27 07, 2013

CAUTION: Home Buyer must collect a 10% tax from a Foreign Seller???

By | 2017-08-28T01:59:36+00:00 July 27th, 2013|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

  Here is a 30 year old law that most people in the U.S. have never heard about in a real estate transactions! If your buying a home here in the U.S.  from a foreign owned seller, you will need to submit a tax return and 10% of the sales price to the Internal Revenue Service at the closing! Is this is for real…….? Yes & here is the reason why………..! The Foreign Investment in Real Property Act [FIRPTA] was created more than 30 years ago to ensure that foreigners who own property here in the United States, pay the taxes due upon a sale. The law places the burdon of collecting those tax amounts on the buyer, requiring them to collect and submit 10% of that sales price to the Internal Revenue Service, at closing. Does that seem quite fair? Hold on a minute yet………before you get angry. […]

25 07, 2013

Fun Boating Destinations………..Fort Myers Downtown River District!!

By | 2017-08-28T02:12:25+00:00 July 25th, 2013|Boating, Fort Myers, News, Other, Real Estate|5 Comments

The River District in downtown Fort Myers has  something for both the boater as well as your passengers. The River District has come a long way since the first time I placed eyes on it in the late 1990’s. The location for the River district is situated traditionally between the Edison bridge [Old Highway 41]  and the Cleveland Avenue bridge [Highway 41]. In recent years its boundarys have exteneded westward to include the waterfront Centennial park and the free public docks. The first renovations took place to the old “Lofton Island” that can be seen in the first photo. Its situated just between the twin bridges. Although the small island is not inhabited, it does offer some wooden docks and a place for a picnic lunch. Its other attraction has been a wind shelter island for those boaters coming from the east coast to west. Overnighting in the winter can be cold on the water, and the wind break the island affords is welcome during those months. But lets talk about just taking a day trip over for fun and excitement. […]

18 07, 2013

Boomerang Home Buyers………..What & Who are they?

By | 2017-08-28T02:19:36+00:00 July 18th, 2013|Cape Coral, Fort Myers, News, Other, Real Estate, Uncategorized|0 Comments

Get ready……there is a new group of home buyers about to hit real estate markets all across the nation……they are called the “Boomerang Buyers.” According to the “Florida Realtor” publication, nearly 1 in every 5 homes purchased  in some markets later this year, and next year will be from this group. Some within the group are already making purchases. Many have been saving for several years for the down payment,  and are about to burst into the market. Just what is a Boomerang Buyers, and just who are they? Read more to find out………. […]

18 07, 2013

“Best” Attribute a Successful Realtor must have………?

By | 2017-08-28T02:20:31+00:00 July 18th, 2013|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

I suppose that a quick  answer to that question could be….honesty, fairness, professional mannerisms, helpful, detail oriented, knowledgable, a good listener, however when I think about these words…….I think they should be the standard for everyone working in a business environment. To not have these qualities, would suggest that you dont want to deal with anyone on any level, who lacks them. But if quizzed about just what is the “Best” attribute a Realtor must have in order to be successfull, I would go in a very different direction for that answer. […]

17 07, 2013

Moving Company Scams——Read this before picking one!

By | 2017-08-28T02:26:16+00:00 July 17th, 2013|Cape Coral, Fort Myers, News, Other, Real Estate|1 Comment

Here is just one of the horror stories I have heard in my 20+ years as a Realtor………If moving is in your plans……your going to want to read this posting! A few month’s ago, Sally went on-line, researched various moving companies to move her elderly parents cross country. She hired one based on the estimate provided. She told them what items needed to be moved, a pick up date and a delivery date were agreed to by the moving company. Time past and the move date was near. Sally made arrangements for the keys to be left at the moving site and flew her parents to her location.”  […]

11 07, 2013

Did you miss our Real Estate “Buying” Bonanza?

By | 2013-07-11T16:56:55+00:00 July 11th, 2013|Cape Coral, Fort Myers, News, Other, Real Estate, Uncategorized|0 Comments

Has the best opportunity in getting a good deal on a home passed me by? Is it to late to buy an investment home? Are all of the deals gone? Has my chance for owning my own “Dream” home gone away? Did I miss the boat? The correct answer is NO! You certainly have missed the bottom of the market….where rock bottom mortgage rates and super low home prices once were our market. But its still a good time to buy for yourself, or as an investor. When we did hit the bottom of our market…….late 2011 and early 2012, the nose dive actually shot down to below market value. Prices plunged below 1997- 2000 values. Lee County actually became under valued, even with the pitiful market conditions at the time. The Cape Coral market for example has enjoyed almost 22 months of small but steady gains in property values, largely due to low inventory levels. Real Estate is still incredibly low priced, mortgage rates are still reasonably low, and great equity can still be earned from owning quality properties long term. Here are the rules to follow: […]

9 07, 2013

6 Florida Cities Ranked as “Best” Retirement Destinations in the Nation!

By | 2013-07-16T16:59:09+00:00 July 9th, 2013|Cape Coral, Fort Myers, News, Other, Real Estate, Uncategorized|0 Comments

[Just reported by RealtyTrac out of Irvine California on July 9th, 2013] Whenever you think of a retirment state, Florida usually heads the list, due to its long time “Retirement Heaven” designations by retirees, going as far back as the 1930’s. Our 300 + days of sunshine and the super mild winter temperatures lead the list of reasons. But just reported by RealtyTrac…….of the “Top 15” retirement cities in the nation…..Florida has 6 of the them. […]