Home Buying in Sanibel : Questions & Answers

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mmlong89, Home Buyer in Sanibel, FL
mmlong89 asked:
What's a good estimate of maintenance costs on a 2br rental condo? Hi - I am considering purchasing a 2br gulf front condo in Sanibel to rent to my retired parents for 1/3yr and operate as an investment property for the remainder. Could someone help understand…
0 votes Share Flag Tue Feb 24, 2015 Home Buying in Sanibel
Susan McCall…, Real Estate Pro in Sanibel, FL
Susan McCallion answered:
I'm considering buying a lot and having a home built on Sanibel. Can you tell me the average cost per sqft that I should expect from a builder?
Hi Abramsjw, I'm a Realtor that specializes (and lives on) Sanibel Island. I have sold lots to several folks who have built homes here. I would suggest that the previous answer was too ... more
0 votes Share Flag Fri Feb 20, 2015 Home Buying in 33957
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
What does a "partially elevated" house mean??? Is that STABLE? Are there structural problems?
It means that some of the house sits above the ground level. It could be built on pilings rather than a solid foundation that sits on the ground. Maybe it is elevated to allow water to ... more
0 votes Share Flag Fri Feb 20, 2015 Home Buying in Sanibel
Monika Wilson…, Real Estate Pro in Cape Coral, FL
Monika Wilson, CIPS answered:
alerts about sanibel fl
if you are working with a Real Estate Agent, you can ask him/her to set up a listing alert for you for Sanibel Island only thru the MLS (Matrix) system. We can narrow that down pretty e ... more
0 votes Share Flag Wed Feb 18, 2015 Home Buying in 33957
Matt Wilhide, Real Estate Pro in Sanibel, FL
Matt Wilhide answered:
5745 pine tree, Sanibel,fl
Unfortunately, that home is no longer on the market. The only home in that neighborhood that is presently on the market is 5753 Pine Tree Dr. and it is being offered at a list price of ... more
1 vote Share Flag Wed Dec 3, 2014 Home Buying in 33957
Covenant Inv…, Both Buyer and Seller in Clifton, VA
Covenant Investments answered:
Is there a source where I can find the number of foreclosures on Sanibel by month so I can see what the trend is and make my own judgments?
There just aren't many foreclosures available on Sanibel as there are so many real estate investors who have good relationships with the agents here already. The properties sell before ... more
0 votes Share Flag Mon Apr 14, 2014 Foreclosure in 33957
Janet Danford, Real Estate Pro in Cape Coral, FL
Janet Danford answered:
Coule an agent p;ease get in touch with me regarding any homr in Sanibel going into foreclosure
What's your email? I would like to email them to you as they come.

Thanks,
Janet Danford
239-340-4748
Jan.danford@msn.com
0 votes Share Flag Sat Mar 15, 2014 Foreclosure in Sanibel
Andre Arensm…, Real Estate Pro in Sanibel, FL
Andre Arensman answered:
Whjat is the average condo insurance (contents only) cost per year in Ft. Lauderdale Florida 33308
Insurance underwriters as a rule-of-thumb, value the contents of a condo at 10% of the purchase price. In other words, if you buy a $500,000 condo, the content insurance will be based o ... more
0 votes Share Flag Tue Aug 6, 2013 Home Insurance in Sanibel
Andre Arensm…, Real Estate Pro in Sanibel, FL
Andre Arensman answered:
2013-How profitable are the condo rentals at Sanibel Island,? Are we in a buyers market or sellers right now?
In general terms, you can find condos that give you about a 10% gross return on investment. After deducting property taxes, utilities, condo fees and rental fees, you might be able to f ... more
1 vote Share Flag Sun Aug 4, 2013 Investment Properties in Sanibel
Steve (888)…, Real Estate Pro in 33480
Steve (888) 662-4404 answered:
Is there a mortgage company that lends in Florida for a person coming out of a short sale only a year ago, has 685 credit, & 25% down?
-
-YES

See below

100% LTV- VA
100% LTV- USDA
99% LTV- FHA/580 score @ lower LTV

97% LTV- NO PMI
97% LTV- CONDO- NO PMI
90% LTV- 2nd Home- NO PMI
90% LT ... more
0 votes Share Flag Sat Jul 13, 2013 Home Buying in Sanibel
Jesse McGree…, Real Estate Pro in 33928
Jesse McGreevy 239-898-5329 answered:
Is this property available for purchase?
You did not list anything....if you need property info try www.SanibelislandFloridaHomes.com to see what is available.

jessemcgreevy@gmail.com
239-898-5329
www.SanibelislandFlorida ... more
0 votes Share Flag Thu Jun 27, 2013 Foreclosure in 33957
onlychildint…, Home Buyer in Sanibel, FL
onlychildintrovert answered:
I want a unit in a specific building. Should I wait until one comes on the market or approach owners? There are only 13 units I could purchase.
I don't think it's right to bother people. If they want to sell it, they will put it on the market. Being nosy and intrusive and aggressive is wrong. You're saying to them, Hey, I want ... more
1 vote Share Flag Sat Jun 15, 2013 Home Buying in Sanibel
Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
How does the foreclosure process work on Sanibel?
Good afternoon,

I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a Firs ... more
1 vote Share Flag Tue May 14, 2013 Home Buying in Sanibel
David Schuld…, Real Estate Pro in Sanibel, FL
David Schuldenfrei answered:
Insurer for a single-family "fixer" home on Sanibel?
I think your best bet is to talk to a Sanibel insurance agent, but with the new regulations you are in a tough spot. Call Rosier Insurance 239-443-8332 or Heidrick Insurance 239-579-06 ... more
1 vote Share Flag Wed Jan 9, 2013 Home Insurance in Sanibel
David Schuld…, Real Estate Pro in Sanibel, FL
David Schuldenfrei answered:
Where can I get a history/ list of the sales price for condos at Pointe Santo de Sanibel over the past 10 years (including the unit numbers?)
This link is an updated list for closed sales at Pointe Santo for 2012:
http://www.sancapmls.com/san/maildoc/schd_1357309764-Jan-04-2013-9_29_24am.html

There are currently 1 ... more
1 vote Share Flag Fri Jan 4, 2013 Home Buying in Sanibel
LLoyd Nichols, Real Estate Pro in Cape Coral, FL
LLoyd Nichols answered:
Buying a furnished mobile home in Florida. What does that mean? Are all detachable items present when buyer made an agreement to purchase included?
Hi Dee, It means that all furnishing such as beds and tables, chairs are included in the sale. The seller should provide you with a list. It is important that you know what is included ... more
0 votes Share Flag Wed May 30, 2012 Home Buying in 33957
Sarah Garrett, Real Estate Pro in 33976
Sarah Garrett answered:
How much does hurricane issurance cost on an average 1500 - 2000 square foot home, in the Fort Myers area?
Hi,
Most insurance plans will cover this kind of catasrophy with a 2% deductable. $1.00 a sf per year would be about the minimum. I just got a 2400 sf quote in Ft. Myers not in a fl ... more
0 votes Share Flag Sun Apr 8, 2012 Home Insurance in Sanibel
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
What is the average sales (sold) price per square foot for a house on the East end of Sanibel that is not on the water or canal?
Keep in mind that square footage costs do vary, and doesn't account for exact location and other considerations, such as property size, condition, etc.; therefore, it's really in your b ... more
0 votes Share Flag Wed Apr 4, 2012 Home Buying in Sanibel
Glenn Carret…, Real Estate Pro in Sanibel, FL
Glenn Carretta answered:
we're traveling to Florida 1st week in May to find a place to live - Sanibel is our absolute 1st choice - want a single family home to live-in
Yes- can show you what we have and explain the process of short sales and foreclosures. Best to start your homework now with reading " Glenn's " guide to buying and selling sanibel and ... more
1 vote Share Flag Tue Mar 27, 2012 Home Buying in Sanibel
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