Homes for Sale in Naples Florida
If you are thinking about purchasing a Naples home or condo after April 1st using FHA financing need to be aware of new underwriting guidelines.
Starting April 1, 2012, the Federal Housing Administration (FHA) will change how it considers ongoing credit disputes – such as bad debt collection agency claims on a buyer’s credit report – when approving FHA mortgage applications. The change does not impact any debt the home buyer still owes – only debts in dispute. [Read more...]
At the end of February, there were 3,460 condos for sale. Last February there were 4,047 condos for sale. This is 587 fewer condos or a reduction of about 16%. [Read more...]
Buyers are buying based upon the good prices of Naples real estate as reflected by pending sales increasing to the highest levels in the past 48 months. Median sold price still below 2002 prices.
Inventory of properties for sale continues decline. Second month of double digit percentage increase in the median sold price of single family homes in year over year comparison.
At the end of February, there were 2,864 single family homes for sale. Last February there were 3,709 homes for sale. The reduction is about 23% or 845 fewer homes on the market. [Read more...]
Florida’s real estate market is entering 2012 on an upward trend including Naples, according to three leading U.S. economists.
“Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s 2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.” [Read more...]
Summary – The Naples real estate market shows the number of pending sales in February for both homes and condos reached a 48 month high. The volume of new listings was lower than the previous four Februarys. With the closing period (defined as the period of time between offer acceptance and closing) of 30 to 60 days, the activity of pending sales and new listings bears watching as to how prices will be affected. [Read more...]
Two of the most commonly asked questions and comments we receive “Is this a good Naples neighborhood?” and “I’m looking for a great deal.”
The answer to the question and comment is a combination of your list of wants and needs and the facts we have about a neighborhood. [Read more...]
Today the Associated Press released a story about David Stern, a Florida foreclosure lawyer who became one of the nation’s top foreclosure lawyers.
“The Florida attorney general‘s economic crimes division is investigating three law firms, including Stern’s, over allegations that they created fraudulent legal documents, gouged homeowners with inflated fees, steered business to companies they owned and filed foreclosures without [Read more...]
The Naples real estate market is in recovery which is being brought about by the recovery of the Florida economy.
The real estate recovery can be seen in the statistics for the real estate market. Statistics to be posted shortly within this blog.
Fishkind also expects retirees to return to Florida’s warm shores, but “there is a discernible lag between recovery and population growth,” Fishkind said. “It takes time for people to realize there is a recovery.” [Read more...]
Buyers looking to take advantage of today’s low real estate prices in Naples maybe considering purchasing a vacation condominium with another party or parties.
When purchasing a condominium in this manner it could be viewed as fractional ownership.
Condominium associations do not look favorably upon this type of ownership or on multiple owners not of the same immediate family, to prevent a transient atmosphere of the community. This could result in the unsuspecting restricted of the condo unit. [Read more...]
Today’s question from the email bag come from Michelle – “I am interested in renting a condo, however was a bit put off when the broker explained that the unit was in short sale but the lease would not be affected. It’s a great deal but does not sound too good to be true, I’ve heard horror stories in regards to short sales and don’t want to end being kicked out before the lease is up. Do you think it would be risky to go forward in renting this?” [Read more...]
Buyers are buying based upon the good prices of Naples real estate as … [Read More...]
Florida’s real estate market is entering 2012 on an upward trend … [Read More...]
Summary – The Naples real estate market shows the number of pending sales … [Read More...]
Two of the most commonly asked questions and comments we receive “Is this … [Read More...]
Today the Associated Press released a story about David Stern, a Florida … [Read More...]
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