The latest report on the Lee County rental market released by RealFacts of Novato, CA detailed some significant shifts in our rental market for 4Q09.
[more] →Bye Bye First Homes An ugly era in the annuls of Southwest Florida real estate history came to an end yesterday when Hovnanian sold the last 1,409 lots it owns in Southwest Florida. Hovnanian sold these remaining lots to a Czech investment group for about $3,000 each, a far cry from the peak value about [...]
[more] →The Miami Herald reports that foreign nationals are buying up distressed Florida real estate with the hopes of securing US citizenship via an investor visa. An investor visa requires a significant investment in US property. Locally, a Mexican national was granted an investor visa after investing $1M in a Bonita Springs restaurant. We welcome foreign [...]
[more] →The Chinese drywall problems plaguing SW Florida were highlighted in a recent Wall Street Journal article. Anyone looking at purchasing a SW Florida homes built in the 2002-2006 timeframe should absolutely have a housing inspection performed by a building inspector with experience with Chinese drywall detection.
[more] →Steve Sjudderud’s Daily Wealth has an interesting article about investing in quality properties at a fair price rather than less desirable property at a low price. This article hit home with me as we have been swamped over the past several months with investor inquiries for some of the lowest priced, lowest quality properties currently [...]
[more] →For those of you considering dipping your toe in the Florida real estate market, Jim Cramer believes that we are at the bottom. The supporting logic behind this proclamation is that builders stopped new construction in Florida two years ago and inventory is being absorbed by our continued low interest rates. Cramer suggests that Florida [...]
[more] →One of the questions for those currently considering a Cape Coral real estate investment is how much will I be charged for utility assessments. At this time, both areas Southwest 6/7 and North 1-8 above Pine Island Road are being targeted for utilities. In the Southwest 6/7 area water, wastewater and irrigation are proposed, in [...]
[more] →Now that we are a few years removed from a major hurricane, the News-Press reports that insurance carriers are taking a renewed interest insuring homes in Southwest Florida. Homeowners are saving hundreds of dollars on their property insurance thanks to increased coverage options and their own efforts to claim discounts for their homes’ storm resistance. [...]
[more] →Time Magazine covers the topic of property tax expectations for those who have recently purchased foreclosed property in Florida. In Florida, taxable valuation is based upon average values of homes in a given neighborhood, and not based on individual transaction values. What this means is that although you may have found a screaming deal on [...]
[more] →Fort Myers MLS Map Search
recent comments