Welcome to Southwest Florida Real Estate

Archive for the ‘SW Florida Events’ Category

Top 5 Expectations for SW Florida Real Estate Investments, Naples, Ft. Myers, Bonita Springs!

Top 5 Expectations for SW Florida Real Estate Investments, Naples, Ft. Myers, Bonita Springs! If you go looking for insights from successful SW Florida real estate investors, depending on which areas they concentrate on, you could come up with a variety of takes. Despite the distinct differences that separate the commercial and residential investment Top 5 Expectations for SW Florida Real Estate Investments, Naples, Ft. Myers, Bonita Springs!spheres, there are some time-worn truisms about the real life experience that would have most investors nodding their heads—

  1. Expect to work at it. The myth of buying real estate, watching it appreciate, then just cashing in is a two-dimensional expectation. A typical SW Florida real estate investment has to be discovered, investigated, negotiated, cared for, cared for some more—and sometimes sold—for it to ring up the profits that make real estate investing so lucrative. The best investors relish doing all of it.
  2. Expect to interact with a wide range of people. Math skills are important, but people skills are up there, too. Just about anyone can do the arithmetic that produces accurate cash flow projections, but being able to network with real estate professionals and lenders—and manage close working relationships with trades people—are also vital for sustained success.Top 5 Expectations for SW Florida Real Estate Investments, Naples, Ft. Myers, Bonita Springs!
  3. Anticipate changing conditions. Economic conditions are always in flux, so Texas and SW Florida market conditions are always on the move. Last decade’s real estate investment strategies don’t guarantee success today—and certainly not tomorrow. Anticipating and planning for changing conditions is work that can pay real dividends.
  4. Expect losses. Any investment—including real estate investments in SW Florida —involve some degree of risk. Serious real estate investors are those who profit the most from multiple investments over time. Necessarily, they Top 5 Expectations for SW Florida Real Estate Investments, Naples, Ft. Myers, Bonita Springs!expect that some projects won’t pan out as expected. Not expecting that to be true would be a rookie mistake.

This fifth one is ancient: it sounds like something Ben Franklin could have come up with:

  1. A fast nickel is better than a slow dime. Strangely enough, this truism can be misinterpreted. One commentator thinks it means “owning real estate is easy; getting paid is tricky.” I think its core meaning is that knowing just when to sell is a terrific real estate investment skill.

Top 5 Expectations for SW Florida Real Estate Investments, Naples, Ft. Myers, Bonita Springs! In fact, you could say that prioritizing when to sell is what distinguishes real estate investors from most of the rest of us—real estate consumers who are contented SW Florida homeowners. In my profession, I get to facilitate winning transactions for investors and real estate civilians alike. I hope you’ll give me a call for all your own real estate dealings!

Advertisements

SW Florida Real Estate Watchers Read National Tea Leaves, Naples, Isles Of Capri, Estero!

 SW Florida Real Estate Watchers Read National Tea Leaves, Naples, Isles Of Capri, Estero! If you try to predict what SW Florida real estate activity is likely to be based on only our local activity, you soon find what causes statisticians to turn up their noses: the sample size is simply too small to project reliable trends. That’s why serious SW Florida observers SW Florida Real Estate Watchers Read National Tea Leaves, Naples, Isles Of Capri, Estero!look to the incoming real estate activity stats from Texas and the nation as a whole: and the latest numbers gave them at least two interesting clues.

At the start of the month, the National Association of Realtors® weighed in with a “sizable jump” in some of the pending home sales numbers. Pending home sales are especially interesting in a predictive sense because they are forward-looking indicators—they measure contract signings that will be finalized in coming weeks or months. The NAR’s Pending Home Sales Index for July notched the second highest reading-9065-in over a decade…exceeded only by April’s reading.

The NAR’s economists continued to fret about the affordability of the listings currently on the market, reflected in the continuing difficulty first-time homebuyers are having being able to find affordable homes in most parts of the country. The “robust demand for single-family starter homes” is as high as it is because many young buyers can’t find what they SW Florida Real Estate Watchers Read National Tea Leaves, Naples, Isles Of Capri, Estero!are looking for at a price point that’s affordable.

Not all real estate news is as relevant to SW Florida home or apartment shoppers, though. Last Friday’s news from the New York Times is a good example. It ran the story of one young musician whose quest for an affordable apartment led him to his current digs, which is a closet. Actually, according to the news item, it’s more like a “crawlspace” at 9 feet by 4½ feet. Affordable rent? Yes, for today’s Manhattan—just $450/month.

The second, more relevant finding came from the researchers at CoreLogic, who dug into the national statistics with enough gusto to emerge with a seldom-mentioned measure: price stability. SW Florida real estate watchers often read about residential real estate volatility—the gyrations sales and prices go through when SW Florida Real Estate Watchers Read National Tea Leaves, Naples, Isles Of Capri, Estero!financial or political turmoil causes notable fluctuations. Real estate price stability, however, since it’s the exact opposite, is seldom mentioned (probably because it sounds like nothing is happening, which journalists don’t like to write about).

But the latest finding is news. As CoreLogic’s Sam Khater writes about the year-over-year change in monthly home prices, “the last narrow band of years” that exhibited such stable home prices came “between 1994 and 1997.” The good news is that this period presaged a housing market that was so healthy it helped anchor the whole economy—probably a key reason why 2001’s economic downturn became the mildest post-war recession.

SW Florida Real Estate Watchers Read National Tea Leaves, Naples, Isles Of Capri, Estero! Here in SW Florida, the real estate scene continues to reward home shoppers with a host of listings that offer good value—especially with mortgage interest rates still hovering at bargain basement levels. If you decide that now is the right time to find the right house at the right price, it’s also the right time to call me!

Science Fiction, Outer Space and SW Florida Housing Creation, Naples, Isles Of Capri, Estero!

Science Fiction, Outer Space and SW Florida Housing Creation, Naples, Isles Of Capri, Estero! When the name “Deloitte” is attached to futuristic predictions about any kind of industrial matters, most SW Florida readers grow less skeptical than would otherwise be the case. After all, Deloitte’s quarter-million financial services professionals earn their keep by Science Fiction, Outer Space and SW Florida Housing Creation, Naples, Isles Of Capri, Estero!accurately advising enterprises worldwide on which way the commercial wind is going to be blowing five, ten, or 20 years hence. The folks in charge of the worldwide enterprises are keen that their capital expenditure planning won’t look stupid five, ten, or 20 years hence.

So when a Deloitte Center for Financial Services blog describes the excitement a typical child will display when, in 2030, he’s about to “take his first trip to the moon”—well, that’s a blog that’s bound to get any SW Florida readers’ attention. It got mine because it’s contained in a blog about the future of real estate and housing.

The housing in question will be on the moon. Just 14 years from now.

The basis for this science-fictiony scenario is the European Space Agency’s plan for constructing a “moon village” on the lunar surface beginning in the 2020s. Since it’s extremely unlikely that anyone—Europeans or Americans or Asians or Science Fiction, Outer Space and SW Florida Housing Creation, Naples, Isles Of Capri, Estero!anyone else—will be able to ship construction crews up there on short notice, the first rhetorical question Deloitte poses is, “But who will build all this?”  If Deloitte is right, the answer could well become a major factor in the future of SW Florida’s housing industry. Perhaps the major factor.

The European Space Agency plans to use robotic 3D printers.

Here it might be useful to again review the whole 3D printer thing. My own opinion is that 3D printers are called “printers” just to get our attention. Everyone knows that what traditional printers print is decidedly two-dimensional. Technically, the thickness of ink and paper may constitute three dimensions—but they’re more flat than not. So “printing” a gun or spare auto part used to be preposterous, until inventors figured out how to spray jets of successive layers of stuff on top of each other to create fully dimensional objects.

That’s 3D printing, and it’s how the housing on the moon can be done by robots. A footnote in the Deloitte blog points to the TechTimes website, which spells out the details. First revealed in a conference of 200 scientists in the Netherlands, Science Fiction, Outer Space and SW Florida Housing Creation, Naples, Isles Of Capri, Estero!the timeline is aggressive. “As planned, robots will arrive on the moon first to allow for human explorers to land later…”  

The “stuff” the base will be built from is moon dirt (called “regolith”). They are already testing 3D printers able to produce 6.5 feet to 11 feet of material in one hour. According to the ESA’s director general, at that rate, “the entire settlement can be produced in just one week.” By the robots.

You can see why having Deloitte verify that this whole thing isn’t just an internet practical joke is an important part of the story. Because if the moon robots can build a settlement on the moon in “just one week,” what about settlements in SW Florida? What about housing…and strip malls? Isn’t SW Florida’s regolith at least as high quality as the moon’s? 

Science Fiction, Outer Space and SW Florida Housing Creation, Naples, Isles Of Capri, Estero! If this out-of-this-world planning has even one foot in reality, the major implications for the future of SW Florida housing and construction are worth pondering. Perhaps later. For the moment, though, we have a great selection of non-robotically built, regolith-free SW Florida properties. Call me for the down-to-earth details!

7 Financial Results SW Florida FSBO Sellers May Face, Naples, Ft. Myers, Marco Island!

 7 Financial Results SW Florida FSBO Sellers May Face, Naples, Ft. Myers, Marco Island! Once you have decided to sell your SW Florida home, one of your first action items is to recruit a top sales team. About 90% of sellers choose a licensed Realtor® to head up their effort—not just because it’s the popular thing to do, but because the alternatives are few. You 7 Financial Results SW Florida FSBO Sellers May Face, Naples, Ft. Myers, Marco Island!could recruit a business person from some other discipline, but few do that. Most in the minority group decide to do it all themselves—to go the FSBO route: “For Sale By Owner.”

The reason for settling on this choice is usually a dollars and cents one: to eliminate the real estate commissions. Any home sale in SW Florida is a weighty transaction—so pocketing that percentage looks like a businesslike decision. It usually does have financial ramifications, but not necessarily the kind that the Town FSBO seller was hoping for:

  1. Statistics tell us that fewer than 3% of home buyers hear about their ultimate purchase directly from the seller. Missing out on 97% of prospective buyers greatly diminishes the chance that more than one party will compete to buy the property.
  2. The longer a property lingers on the market, the lower its ultimate selling price is likely to be. Interviews confirm that only 1 in 8 FSBO sellers succeed in selling within their planned length of time…7 Financial Results SW Florida FSBO Sellers May Face, Naples, Ft. Myers, Marco Island!
  3. …and even fewer “get what they consider the right price.”
  4. Advertising expenses have to be paid by the seller. There is $5.95 for a front yard FSBO sign, plus $2.35 for the wooden stake that holds the sign up. If no additional advertising expenses are incurred, it means there is no advertising—with likely outcomes described in 1, 2, and 3.
  5. If the SW Florida FSBO seller has regular job responsibilities, the time devoted to handling prospects and addressing the business and legal 7 Financial Results SW Florida FSBO Sellers May Face, Naples, Ft. Myers, Marco Island!ramifications that accompany a residential real estate transaction can become costly distractions. High among the tasks past FSBO sellers rated most difficult was “understanding and performing the paperwork.”
  6. The average price of a FSBO sale is 75% of one carried out by a professional.
  7. Even if a sale is accomplished, the premium gained may be less than anticipated. Since the buyer is likely to be represented by a buyer’s agent, the hoped-for savings are cut in half.

A financial result—the usual reason for most SW Florida FSBOs—often comes to pass, but it’s the opposite of the one intended. You might say that the FSBO strategy should really only be attempted by those for whom money is no object. In effect, FSBOs are the champagne of real estate strategies…

7 Financial Results SW Florida FSBO Sellers May Face, Naples, Ft. Myers, Marco Island! I’m only half kidding about that last—but not kidding at all when I suggest that you give me a call when it’s time to sell your own SW Florida property!

Just a Few Basics Make an Intro to SW Florida Real Estate, Naples, Cape Coral, Bonita Springs!

 Just a Few Basics Make an Intro to SW Florida Real Estate, Naples, Cape Coral, Bonita Springs! As every college freshman will tell you, it’s those “Introductory” classes that can wind up being the most time-consuming. Since they cover a lot of territory dealing with subjects that are new to you, they can be the hardest to keep up with. If SW Florida Just a Few Basics Make an Intro to SW Florida Real Estate, Naples, Cape Coral, Bonita Springs!real estate had its own college department, its “Introduction to” class might be a lot easier than some of the other departments’—but there would still be a few basics some of the freshmen might need to master before proceeding much further.

When it comes to SW Florida real estate, the equivalent of the freshmen are the first time home buyers. They don’t need a whole class to be prepared to dive in, but they should be aware of some basics. Some financial preparation comes first:

  • For openers, find out what your credit report says. If there are mistakes, it takes time to get them corrected, so this is Job One.
  • Then, before even starting to discover what properties are available, you should sit down and work out how much you can afford. That will point you toward the portion of SW Florida’s real estate offerings you should spend your time and effort examining. If you do it the other way around, you are too likely to waste time visiting houses that Just a Few Basics Make an Intro to SW Florida Real Estate, Naples, Cape Coral, Bonita Springs!would put too much strain on your budget.
  • There are many different kinds of home loans—with differing cost and cash flow implications. The difference between variable and fixed interest rate loans and the difference between down payment percentages will have major impacts on your monthly family operating budget, and what you can comfortably afford. An important part of being an informed buyer is making sure you know what loan types are available—and the financial implications of each.

Just a Few Basics Make an Intro to SW Florida Real Estate, Naples, Cape Coral, Bonita Springs!Just a Few Basics Make an Intro to SW Florida Real Estate, Naples, Cape Coral, Bonita Springs! Then comes the search—the house hunt. If you haven’t already made contact with the SW Florida real estate agent who will help with your search, it’s time to do so. Most of the basics are pretty much common sensical:

  • Knowing that sellers pay the Realtor® fee, locate a licensed SW Florida real estate agent with a good reputation, experience in the area, and with whom you can communicate easily: one who “speaks your language.” (Hint: call me!)
  • Instead of planning to just go out to “see what’s out there,” first get as clear a picture as possible of what features you know you require. Make a list with both “wants” and “must haves”—and stick with it. Remember that allowing the “wants” to become more important than the “must haves” will usually prove to be a bad idea.
  • When you make an offer on the house you’ve been looking for, be sure the contract specifies that you can request repairs or back out of the deal based on the inspection results…and be sure to have that inspection!

If I’m your agent, I’ll be sure to remind you!

Homes for Sale in SW Florida Can Exploit the “Food Connection”!

Homes for Sale in SW Florida Can Exploit the “Food Connection”! It’s interesting to look into how many ways the universe of food —be it restaurants, markets, cooking, gardening or eating—intersects with the world of real estate. The connections are many and important. That’s true from the moment a future SW Florida homeowner begins to look into Homes for Sale in SW Florida Can Exploit the “Food Connection”!the current crop of SW Florida homes for sale.

We commonly think about residential real estate predominantly in terms of shelter. The listed homes for sale are vying to become the roof over our head; the place where the family will be blissfully protected from the elements. But since it will also be the place where we prepare our meals, store the groceries, and experience the holiday celebrations and feasts that will be remembered forever as key moments in our family’s life together.

Food is central to all these things—it’s why homes for sale that can claim superior kitchens have a clear advantage over those with cramped layouts or dated appliances. The popularity of formal dining rooms may be waning, but the importance of the kitchen has never been more pronounced. Interestingly, large, showy kitchens don’t always get the highest marks from experienced family head chefs. For some, a more compact layout thatHomes for Sale in SW Florida Can Exploit the “Food Connection”! creates an efficient “work triangle” (the imaginary line connecting cook top, sink, and refrigerator) can win favor by saving steps—and time. In any case, most Americans think of the kitchen as the house’s nerve center around which family life revolves. And in summertime, when the action moves outside, an extra advantage goes to the homes for sale that have patios or decks that look ideal for outdoor grilling.

Homes for Sale in SW Florida Can Exploit the “Food Connection”!It is also true that for even the most dedicated amateur chefs, hectic workday schedules can mean that cookery of any kind is forced into becoming a strictly weekend pursuit. For those whose professional lives make that an unavoidable reality, a property’s proximity to quality SW Florida dining outlets can be a major selling point. One way alert homeowners take advantage of that is by preparing a list of their favorite local eateries—or even by prominently displaying a collection of current take-out menus from nearby restaurants.

Homes for Sale in SW Florida Can Exploit the “Food Connection”! When you think about it, it makes good sense to take a look at the ways homes for sale in SW Florida can make the food connection part of their marketing approach. Call me for a rundown of some of the other lifestyle elements that we can use to demonstrate to prospective buyers how readily your property can fit into their vision of what a treasured home should be.

3 Benchmarks for SW Florida Real Estate Agent Dowsing

3 Benchmarks for SW Florida Real Estate Agent Dowsing. Whenever a buyer or seller is set to enter the market, they find themselves faced with the task of identifying the SW Florida real estate agent who will serve them best. There are many of 3 Benchmarks for SW Florida Real Estate Agent Dowsingus to choose from—and not a lot guidance on how to proceed.

Maybe there should be something like a Real Estate Agent Dowser. You remember dowsers—the folks who divine where to drill for ground water. Most do it by walking around, holding a dowsing rod (usually Y-shaped). When it shivers or points down, BINGO! That’s where the water is. Pay the fee and call the drilling company. Now, it’s said that there is absolutely no scientific evidence that dowsing works. Yet there are plenty of folks who live out in the country who will tell you that, of course it’s hard to believe, but still… That’s why dowsing is a real occupation. Just ask any one of the American Society of Dowsers’ 3,000 members…

Here in SW Florida, when you set out to find a real estate agent to help with buying or 3 Benchmarks for SW Florida Real Estate Agent Dowsingselling a home, there is no American Society of Real Estate Agent Dowsers to help. Fortunately, SW Florida’s real estate agents aren’t as hard to find as underground water pockets—but even so, detecting which of us is best suited to be your partner is no “gimme.”

 One good solution is to interview the candidates with an eye toward finding out how they stack up against three practical benchmarks:

  • Selling Skill. A great real estate agent is a great salesperson—easy to talk to, 3 Benchmarks for SW Florida Real Estate Agent Dowsingsympathetic to your needs—genuinely likeable. When you are interviewing potential agents, offer an objection or two to test how seamlessly the conversation proceeds. The most valuable sales representatives are those who can adapt to resistance without batting an eye, or letting negativity prevail.
  • Current knowledge and experience. Being able to provide accurate and fact-based market information and analysis is an important indicator— as is having successfully performed in a variety of SW Florida real estate transactions.
  • Negotiation Skill. When all else points to a good fit, discuss the terms that candidate proposes between you. Your chosen real estate agent will be negotiating on your behalf—so your agent’s ability to present hard business matters in a relaxed and amenable way will serve you well.

3 Benchmarks for SW Florida Real Estate Agent Dowsing. When you become your own real estate agent dowser, you won’t need a witch hazel stick to point the way. A few thoughtful interviews will do the trick—and I hope you’ll be sure to give me a call as soon as you go dowsing!