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July 30, 2023 – For Southwest Florida Real Estate Fundamentals Remain Sound
Headlines have ranged from touting Florida as the best place to live, the worst place to live, great value, most overvalued and everything in between. The reality lies somewhere in the middle where we have experienced a relatively healthy real estate market that has the foundation to last for some time.
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April 2, 2023 – Home Sales Activity Increasing Despite Banking Turmoil
The real estate market in 2022 was a tale of two halves. The first half of the year carried over the frantic pace of the previous two years. Whereas the second half of the year saw that momentum grind to a halt when the Federal Reserve began its aggressive rate hikes.
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October 17, 2022 - Hurricane Ian’s Possible Effects on Real Estate Market
Hurricane Ian ravaged many areas of Southwest Florida with devastating winds and historic flooding. As the impacted communities struggle to regain some sense of normalcy through restoration of power, water and communications, we are starting to field questions about the forward looking aspect of the real estate market and what impact on home prices may result as we repair and rebuild from the hurricane’s destructive forces.
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August 22, 2022 - Perspective on recent shifts in local real estate market
It’s important to put current real estate statistics into some perspective to understand what is really happening in our local real estate market throughout Southwest Florida. Fortunately, the foundation of our local housing market is on much stronger footing with close to 50% of sales being paid in cash. The remaining financed buyers are doing so with stringent underwriting guidelines and significantly more down payments (“skin in the game”).
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June 26, 2022 - Best to trust a pro for post-sale occupancy agreements
The inventory of available homes for sale still remains historically low. As a result, post-occupancy agreements with prospective buyers occupying the home prior to the actual closing, are far more frequently used by buyers and sellers than in a balanced market.
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August 22, 2021 - Artificial intelligence entering the real estate landscape
Technology plays an ever increasing role in the real estate industry, from the initial online search, to the contract, to the closing, technology touches every aspect of the real estate transaction. Home buyers and sellers are utilizing the skills and guidance from real estate professionals at record levels as technology has enabled them to be more efficient and proficient at their job and service customers at an even higher level.
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July 25, 2021 - Why do I need title insurance?
If you are financing your home, your lender will require a lender’s title policy to insure that their security interest in your property (the mortgage) is in superior position to anyone else that may claim an interest in your property. For cash sales, an owner’s title policy will protect the owner for similar undiscovered liens or encumbrances that may impact the owner’s ability to use their property as they intended.
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May 30, 2021 - Don't let your guard down when it comes to wire fraud
The real estate industry (Realtors, lenders, title companies) is keenly aware of the risks associated with wire fraud. Locally, wire fraud has occurred on real estate transactions with significant financial loss in almost every situation. Due to the heightened awareness of real estate professionals, even more attempts at wire fraud have been identified and thwarted prior to the initiation of the wire to a fraudulent account.
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May 2, 2021 - Let the Pros Help You Navigate Multiple Offer Scenario
If you are an active buyer in today’s real estate market, you have likely experienced the frustration of losing out in a multiple offer situation on your potential dream home. All hope is not lost, however, if you equip yourself with some knowledge, persistence and patience.
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April 4, 2021 - Down Payments Should Not Be Hurdle To Home Ownership
There are various lending programs designed to allow qualified borrowers the opportunity to finance up to 100% of the purchase price.
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