I have sold millions of dollars in southwest Florida homes and I specialize in working with Buyers. I can help you with all of your Real Estate needs. Let me help you locate the home you're looking for, assist you with financing needs, negotiate the very best deal possible and protect your interests every step of the way. Call me and lets talk about how I can help you accomplish your real estate goals.
Give me a ring and have a great day.
Terence Trombetti â€¢ RealtorÂ®
Gulf Coast Realty Network
4002 Del Prado Blvd. S.
Cape Coral, FL 33904
There is no denying the real estate frenzy. An influx of investors led by Blackstone, among the nation's largest private real estate owners, have flooded into Southwest Florida to buy up distressed properties for use as rentals.
In many cases, the cash-powered institutions have bullied traditional home buyers and smaller investors out of foreclosure-buying opportunities by routinely paying well above the bank's asking price â€” sometimes even when no other parties are bidding,.....
In the latest article from UCF Institute for Economic Competitiveness, "Looking for Bubbling in the Real Estate boomlette", they say: (see link below for full article)
So far, these groups have paid, on average, 45 percent more for the homes in Manatee and Sarasota counties than the properties' value, RealtyTrac's analysis shows. [Naples has not seen this -- yet]
Sustained demand for real estate from traditional buyers also has whittled down housing inventory to just five months' worth at the current sales pace, leaving slim pickings for buyers to choose from, records show.
Brokers say the result is something of a frenzy among buyers for certain classes of properties, because they fear they also must overpay to land the home they have been waiting for â€” which, in turn, drives up prices further.
The institutional investment purchases also set asking prices for future bank-owned properties and for comparables used in appraisals...."It's a dangerous market for your amateur real estate buyer or investor," he said. "They can get hurt when they look at all of these numbers that are artificial."
After the dot.com bust, real estate was seen as a safe investment, the frenzy began and here we are today. I wish I had a crystal ball.
Currently Madison Park has 8 active listing -- 2 pending -- 5pending contingencies -- let me know if this helped or not :-)
If you are looking at purchasing one of the new coach homes in the community, the last time I checked the last 8 properties being built by Lennar do not, at this time have an agreement to be able to use the swimming pool for the existing homeowner's community for the coach home called Quincy Square. At this time those last 8 properties will have to try to negotiate with the other coach homeowner's at Quincy Square to get pool privileges.
Also, there is a road expansion property happening in on the South side of the community which is going to create a good deal more of road noise for those owners who currently back up to the road.
The existing road noise for the back of those home owners is already not very pleasant. There is a wall being constructed between the road expansion area and the community, however, walls only help to buffer some of the noise. Location within the community is very important. If the pricing seems very low, look out!
There are other areas which will give a buyers a better opportunity to invest in a newer homes to obtain good appreciative value in the future.
"The most important thing a buyer can do is work with a buyer broker." As stated by AARP and the Consumer Federation of America in REALTOR News.
When you are getting ready to make on of the most important investments of your life, call Beverly to ask Howe first!
There is never a conflict of interest between the buyer and the seller when you work with Florida Buyer Broker. There is no additional cost to obtain Beverly Howe's specialized buyer broker services.
Just call 1-800-283-7393 anytime days, evenings or weekends.
Visit my homepage at http://www.FloridaBuyerBroker.com to obtain the 21 Critical Mistakes A Buyer Can Make and other important information for all buyers.
Beverly Howe, ABR, GRI, TRC, CIPS
Steve Moller, Realtor
Yes you can! This is what people do here. You can purchase almost every real estate in SW FL because the prices will rise shortly. The property inventory is low and that's why builders have already started to build new Developments here in Naples for example. I live in Naples and see every day how quick the builders are.
Please give me a call.