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Market Conditions in 33980 : Real Estate Advice

  • All13
  • Local Info2
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 23
Tue Apr 9, 2013
Tammy Hayes answered:
There are a lot of homes for sale in Port Charlotte, FL. I am not sure what you are asking? Are you looking for more homes in the same area as the home on Higgs Dr? Are you looking for waterfront homes? What is your price range? I would be happy to help you and answer any questions you may have. You can contact me as indicated below. Or you can search for homes on my web site at: http://www.tammyhayes.remax-florida.com/

Tammy Hayes, Realtor
RE/MAX Palm Realty
tammyhayesre@gmail.com
941-276-6185
http://www.tammyhayes.remax-florida.com/
... more
0 votes 2 answers Share Flag
Thu Aug 15, 2013
Giorgio Azzarelli answered:
Hi no there is not. I moved to this area to raise my family. Great people in port charlotte. www.giorgioazzarelli.com
0 votes 4 answers Share Flag
Sat Apr 6, 2013
vickib answered:
are their homes that are block, sailboat access between 200,000-400,000
0 votes 4 answers Share Flag
Wed Jul 20, 2016
Tammy Hayes answered:
North Port building permits are up for Feb. 2013.
Charlotte County permits are up from last year as well.
Some of these are new builds on individual lots and others are new construction in communities. There are also permits for remodels, pools and screened lanais.

We still have some great deals, our inventory is down, and home prices are increasing.
North Port has some newer homes built in the 2000's with or without pools that are very affordable. We have buyers getting 100% financing through FHA and VA. We have single family homes, condos, villas and mobile homes in a variety of sizes and price ranges.

Tammy Hayes, Realtor
RE/MAX Palm Realty
tammyhayesre@gmail.com
941-276-6185
http://www.tammyhayes.remaxagent.com/
... more
0 votes 3 answers Share Flag
Thu Aug 15, 2013
Shain McLaughlin answered:
That depends on your definition of decent. This is a very desirable area as it is a newer division which contains condos that are modern. One of the biggest things to point out is the convenience you have to the shopping and entertainment areas. You are literally less than 10 minutes away North and South to the heart of two cities where you can spoil yourself with entertainment. Are you going after the seller financing ? ... more
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Wed Jan 9, 2013
Roger Richmond answered:
Hi Ksherm!, the condo you are referring to I believe is Vel Gardens on Harbor Blvd. The condo fees there are around $260 per month. Give me a call if you need more info or wish to see other units. ... more
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Fri May 2, 2014
Tammy Hayes answered:
There are pockets of areas that have city water and sewer in Port Charlotte. Not necessarily a Port Charlotte Section name or #. I have city water and septic and my neighbors across the street from me have well and septic in Port Charlotte. I can run a search for you in the MLS based on your criteria and select only city water and sewer if that is what you prefer. You can contact me at tammyhayesre@gmail.com. I would be happy to answer any questions or send you a list of homes.

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
tammyhayesre@gmail.com
... more
0 votes 6 answers Share Flag
Thu Sep 13, 2012
Tammy Hayes answered:
Karen,
Port Charlotte has a lot of mixed neighborhoods with lower priced and higher priced homes. The higher priced homes are going to be along Gulf Access waterways and in some of the deed-restricted communities. If you do a search in the MLS it results in homes up to $50k in zip codes 33952, 33948; homes 50k-100k in zip codes 33948, 33952, 33954, 33981; homes 100k to 150k in zip codes 33948, 33952, 33953, 33954, 33981; homes 150k to 200k in zip codes 33948, 33952, 33953, 33954, 33980, 33981. I would be happy to send you some listings if you could tell me what your search criteria and price range are. You can search for properties on my web site at tammyhayesre.mfr.mlxchange.com.

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
tammyhayesre@gmail.com
... more
0 votes 2 answers Share Flag
Fri Jul 6, 2012
Terry McCarley answered:
The property is a short sale. It is very possible when the lender had the property appraised they countered the offer at $70,000 which would result in the price increase. In most (not all but most) cases the lender doesn't approve the listing price of a short sale - they have a BPO (brokers price opinion of value) or an appraisal done once an offer has been received to determine what they are willing to let the property sell for. ... more
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Mon Apr 30, 2012
Tammy Hayes answered:
Bud,
There are a lot of variables. Is it in a deed restricted community with an HOA fee. If so, the seller would pay the fee up until day of closing and you woud pay the rest. The seller would pay the taxes up until day of closing. Taxes are paid in arrears, so you wouldn't owe that until the end of the year. Other fees would be the title company charges around $200. Are you asking seller to pay for title insurance or paying yourself. That would be $241.50 on $42k. Are there any liens on the property and is the seller going to pay them or are you. Is it bank owned, a short sale or a normal sale. There is also a fee for recording of deed $15 to $35. Are you paying cash.

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
tammyhayesre@gmail.com
941-276-6185
... more
0 votes 3 answers Share Flag
Tue May 23, 2017
Tammy Hayes answered:
There are 19 lots listed for sale in South Gulf Cove right now in the MLS ranging from $5,388 to $139,900. Within the last year there have only been 7 lots listed in South Gulf Cove that sold with prices ranging from $8,500 to $99,900. There may be other lots that the agent did not put in the subdivision name of South Gulf Cove. Lots are not selling very quickly right now and there is very little building going on in South Gulf Cove. You may want to look into some of the builders in that area to see if they would like to purchase the lots before listing them. I would be happy to answer any questions or provide specific details if you would like.

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
tammyhayesre@gmail.com
941-276-6185
www.greenlionrealty.com
... more
0 votes 30 answers Share Flag
Fri Mar 23, 2012
Danielle Sharp answered:
I'm not sure I understand the correlation between distressed property for sale & reasonable prices. Can you clarify what you mean?
0 votes 7 answers Share Flag
Wed Mar 23, 2011
Andrea Mills answered:
Are you looking for a mobile home park? 55+?
0 votes 1 answer Share Flag
Sun Oct 17, 2010
Jeanne Feenick answered:
Great question - I'm all the way up the coast in NJ, but I do have a condo on Florida's west coast. I'll be interested to read the responses.
0 votes 2 answers Share Flag
Tue Nov 3, 2009
Anne Kyer answered:
Hi Curious,

There have been 3 homes in Charlotte County that sold for at least 1 million dollars in the last 6 months. There have been 10 that have sold in the past 12 months.

Hope you find this helpful. If I can be of any further assistance, please contact me.

Anne Kyer
Coldwell Banker Sunstar Reatly, Inc.
941-627-8128

Anne.Kyer@ColdwellBankerFlorida.com
... more
0 votes 1 answer Share Flag
Tue Nov 18, 2008
Bill Eckler answered:
Mike,

We're not sure it a "win, win" situation because the owner still loses their investment in home ownership. But antthing is possible; circumstances would have to be ideal for both parties.

Judging from the condition many of these homes are being left in, you may find yourself embracing a less than perfect renter.

You are correct in your assumption about the increase in rental interests. At this point, many potential buyers are looking for renting with the option to buy opportunities which is something we would only consider with a substantial deposit put in place buy the purchaser.

Purchasing in the right location and renting is a good plan.....just uncertain of renting it to the current owner, a little too idealistic? If this is your chosen path, be certain you are investing in a location with a strong rental market. Naples, Venice, Sarasota, etc.

If you are interested in Sarasota County foreclosure information, we would be happy to provide you with this information.

Good luck,
The "Eckler Team"
Michael Saunders & Company
941-408-5363

2008 Five Star Award for Outstanding Customer Service
... more
0 votes 3 answers Share Flag
Sat Apr 18, 2015
Paul Wadsworth answered:
Many of the units in Heritage Oaks Park were bought as investments and rented out. The price has slid so far that they are worth less than they were bought for. I just sold a villa (2,2,2 with den) to a buyer for $125k. It is a good time to buy there.

Paul Wadsworth Lic Real Estate Broker
... more
0 votes 5 answers Share Flag
Thu Apr 24, 2008
Bill Eckler answered:
Tim,

The condition of the Florida real estate market depends on your perspective. At the current the market is active and homes are now being sold with considerable involvement from foreign buyers. We will have a better understanding of the true numbers in the near future. It would be fair to say the foreign buyer is playing a significant part in the current market.

This being said, after nearly a 3 year inventory build up, sellers of homes purchased after 2003 are taking a true beating while those purchased prior to this time fare much better. From the buyers side, it is like the "Perfect Storm".......lower prices, cheap money, & highly motivated sellers. This IS the right time to buy for people that have been "fence sitting."
Happy speculating,

The "Eckler Team"
Century 21 Almar & Associates
Venice, Fl 34285
941-408-5363
... more
0 votes 7 answers Share Flag
Tue Oct 4, 2016
James Mulligan answered:
Peter,

There are many factors that enter into this equation. First, this area is a popular retirement town and many retirees only stay for a few years, miss their children and return to their original home. For that reason there is somewhat high turnover in homes and condos in this area.

Of course, the current market conditions also come into play. Sales have been slow this past year and inventory of all kinds is on the rise. We have the normal turnover and add to that, investors who thought they could make a quick buck.

One other factor that I feel makes Rolls Landing somewhat less attractive is their very strict leasing requirements. If a buyer wants to reduce his expenses by renting for a month or two when he is not using the apartment, this is not the place to buy.

Checking today’s MLS, there are 19 units at Rolls Landing currently for sale. That is really not a large number for a complex as large as Rolls Landing. The price range is $120,000 - $275,000. They are all 2 bedroom units but they vary in size, floor level and view of the Peace River. The price a seller asks for a property is sometimes based upon their emotional attachment to the property. That is a poor way to price a property but it is the owner’s decision. A realtor can make recommendations, show the owner statistics, but the price a seller asks is their decision alone. Of course the price a buyer is willing to pay is the buyer’s decision alone.

In this market a buyer should be patient. There are plenty of choices and there will be plenty more. Some units are very reasonably priced, some are not. If you like a unit, make an offer at the price YOU feel a unit is worth to you. Certainly consult with your real estate agent so you can see all the current sales and listings and evaluate the market correctly, but you know what you can afford and what you like.

James Mulligan
Licensed Real Estate Broker
941-456-3034
... more
0 votes 2 answers Share Flag
Fri Nov 30, 2007
Kathleen answered:
The people handling the Retirement fund for State Employees invested in Real Estate (volatile funds) instead of safe funds and to the best of my knowledge this is what is frozen. It has nothing to do with the regular Real Estate market ... more
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