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Archive for July, 2013

Image: Wikimedia Commons

Image: Wikimedia Commons

Historically, Naples, Florida, has been a seasonal destination, booming with snowbirds during the winter months, and all but closing up during the summer. In just the past couple years the situation has started to change, with more and more people choosing to make Naples their year-round home. Click here for more on the story from WINK News. Of course this trend is having a definite impact on the Naples real estate market with increased activity of buyers and sellers. If you’re thinking of selling, now is a good time to look at entering the market. If you’re thinking of making Naples your permanent home, now is also the time to make the jump – there’s absolutely no indication prices are headed down anytime soon in Naples. In either case, call me today so we can discuss your particular situation and how best to achieve your goals.

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BHHS Florida

Prudential Florida Realty will soon be Berkshire Hathaway HomeServices Florida Realty. Those of you familiar with Warren Buffett’s Berkshire Hathaway corporation know this is very big news indeed!

“Berkshire Hathaway HomeServices is a new franchise brand built upon the financial strength and leadership of Brookfield and HomeServices,” said Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. “I am confident that these partners will deliver value to the residential real estate industry, and I am pleased to have Berkshire Hathaway be a part of the new brand.”

Please click here to view the new Berkshire Hathaway HomeServices website.

Please click here to read the press release announcing Berkshire Hathaway HomeServices.

Please click here to read the press release announcing Prudential Florida Realty’s decision to become one of the very first franchisees with Berkshire Hathaway HomeServices.

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Prudential Sold

I am pleased to announce my new association with Prudential Florida Realty at the Park Shore office in Naples, Florida. Prudential Real Estate ranked number one in three of four categories in the 2013 J. D. Power 2013 Home Buyer/Seller Satisfaction Study. Buying or selling, call me today to put the tremendous power of Prudential Real Estate to work for you!

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Image: KCM Blog

Image: KCM Blog

One of the worst mistakes a seller can make is overpricing his home. Time and again, research shows that homes receive the most activity when they are first listed. As a home stays on the market it generally receives less and less activity. Therefore, the smart move is to price your home competitively right out of the gate. Those who believe they can list high and make price reductions later do themselves a serious disservice – as we just mentioned, those with the greatest interest in your home are most likely to look right after it’s listed. By the time you finally make your price reduction, these buyers have moved on and you’ve lost your opportunity for the highest volume traffic.

Likewise, those who put their home on the market at a ridiculously high “make me move” price also put themselves in a very bad position. By having your home sit on the market at a ridiculously high price simply tells everyone you are not really a seller. Should the day come that you actually want to sell your home, you have to deal with your self-created track record to convince people that “this time” you’re actually a serious seller. Again, you’ve already lost the vast majority of your traffic of seriously interested buyers. If you’re not really serious about selling, then don’t list your home for sale. It’s far better to wait until you are a serious seller to put your home on the market.

Click here for an article with some more information on this topic in relation to today’s market. Here’s the most important take-away from the entire article:

“If you are thinking about selling your home, don’t get carried away with current headlines about home price increases that have taken place over the last twelve months. Instead, call a local real estate professional. They will be best prepared to explain where prices are headed over the next six months.”

If you’re a serious seller, the best thing you can do is to meet with a Realtor familiar with your local market conditions and who can help you determine a price which will get your home sold. I’d be happy to assist you. Please call me today so we can discuss the best plan for your current situation.

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Image: Wikimedia Commons

Image: Wikimedia Commons

People often assume that once their mortgage loan is approved, they’re finished with the credit check process from their lender. However, this is not the case. Since 2010, Fannie Mae has required lenders to re-check a borrower’s credit just before closing the mortgage. Taking on additional credit obligations between the time of their loan approval and closing may cause serious issues for borrower. These issues include the lender increasing the interest rate or, in the worst case, denying the loan altogether. This situation will most likely affect those who barely qualified for the mortgage loan in the first place. Taking out additional credit after mortgage approval but before closing may tip this person’s debt-to-income ratio over that required for the loan. In order to avoid this issue, the bottom line is to not take on any additional credit obligations until after the closing of your mortgage loan. See more on this issue in this New York Times article by clicking here.

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(Image: Wikimedia Commons)

(Image: Wikimedia Commons)

Happy Independence Day! May God bless our nation!

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Another housing bubble? Not if we look at the numbers:

Source: KCM Blog (www.kcmblog.com)

Source: KCM Blog (www.kcmblog.com)

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