SW Florida Real Estate F.Y.I.

January 2010 Foreclosure Update - Bonita Springs, FL

Friday, February 5th, 2010 at 5:18pm. 25 Views, 0 Comments.

Bonita Springs FL Foreclosures

This data is pulled from the Sunshine MLS which has listing data from the Bonita  Estero Association of Realtors and The Naples Board of Realtors.

The numbers:

36 - number of new foreclosures listings since 1/1/2010 in Bonita Springs -Estero       

16 - number of of those new listings that went under contract since 1/1/2010

41 - number of foreclosure listings (regardless of list date) that went under contract since 1/1/2010

34 - number of foreclosures that closed (sold) since 1/1/2010 (regardless of list date)

71 - average days on market for the closed sales mentioned above

101% - average percent of list price of the sold foreclosures for January 2010.

$19,000 - the lowest foreclosure sale in January…

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Bonita Springs, Fl Foreclosure

Wednesday, January 27th, 2010 at 3:22pm. 35 Views, 0 Comments.

A couple of weeks ago I posted a "deal" that I found on a Bonita Springs Foreclosure.

Well, countless hours and showings later I had a few clients that were interested in making an offer via the online bidding system that the bank and listing agent utilized. There were several bids on the property topping the $130K range.

 It appears that none of the offers were accepted and the home is back on the market for the original price of $214,900.00. Unfortunately for the bank, it is still in the Fort Myers MLS and not the Bonita Springs MLS where the house is actually located.

 After viewing the home with several different clients I still think it will make a good deal for someone if they can get if for the right price.  It will need a minimum of $20K to…

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Bonita Springs Foreclosure Deal

Wednesday, January 13th, 2010 at 5:29pm. 526 Views, 2 Comments.

Have you been looking for a great Foreclosure Deal? Well this is definitely one of them!

 

The home's current market value is over $200,000.00. In fact, yesterday it was listed for $214,000 and it was just lowered to $108,854.00! 

Click on the links below for more details and photos:

Cedar Creek Foreclosure

Additional Pictures

There have been 5 sales in this community (per the bonita springs/naples MLS) and the lowest sale was for $245,000.00.

There are 6 pendings properties currently in this community and the lowest is listed at $299,000.00.

This home is in a gated community called Cedar Creek in the heart of Bonita Springs just across highway 41 from Pelican Landing.  

Here are the pro's for this home:

  • newer home (built 1995)
  • below ground…

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Bonita Springs FL Foreclosures

Wednesday, January 6th, 2010 at 7:59am. 226 Views, 0 Comments.

Bonita Springs FL Foreclosure Listings

 

Are you keeping an eye out for foreclosures in Bonita Springs FL?

Several new foreclosure listings came on the market yesterday with a couple very choice properties. They tend to go very fast if priced right so if you are interested contact me right away at 239-940-2995 or fran@coastaleliteproperties.com

Click on the link below for a detail report of the listings. Once in the details of each listing click on the blue link for additional pictures or area map.

Bonita Springs FL Foreclosure Listings

 

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Moving to Bonita Springs, Fort Myer or Naples FL - tax credit

Monday, December 21st, 2009 at 7:48am. 53 Views, 0 Comments.

Do you Want to ‘Move-Up’? The Clock Is Running!

While you’ve probably heard a lot in the media about the government’s efforts to rejuvenate the housing market with the first-time home buyer tax credit, you might have missed the fact that the most recent expansion of the legislation also includes a $6,500 credit for current homeowners who want to purchase a new home…commonly referred to as “moving up.”

As a Member of the Top 5 in Real Estate Network®, I’ve worked with many homeowners who have wanted to move to a new home over the past year, but have stayed put due to a lack of confidence in the market. Now, however, thanks to the tax advantages of the Worker, Homeownership, and Business Assistance Act of 2009, these homeowners are moving off the sidelines and…

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Moving Tips

Tuesday, December 15th, 2009 at 4:31pm. 29 Views, 0 Comments.

10 Time-Saving Tips to Take the Stress Out of Moving

When it comes to moving, a little preparation goes a long way. As a member of the Top 5 in Real Estate Network®, my experience tells me that tons of time and energy can be saved by planning ahead, staying organized and focusing on details. 

Here are 10 great, time-saving tips to make moving fast and efficient, courtesy of HGTV’s FrontDoor.com:

1. Make a moving schedule. Starting 60 days before the move, use a week-by-week checklist to keep the process on track. The tasks to accomplish further from moving day might seem trivial at first, but staying on schedule will prevent last-minute headaches. 

2. Hire a quality moving company. Resist the temptation to hire a company that offers a too-good-to-be-true rate.…

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Home Buyer Tax Credit - parent co -signer

Monday, December 14th, 2009 at 8:08am. 50 Views, 1 Comments.

The Home Buyer Tax Credit is pretty straight forward if you have never owned a home before. It can get a little more complicated however for everyone else.

The IRS has posted a series of facts and Q. & A.s to answer some of the scenerios.

 

What if you are a first time homebuyer, but you need a parent to join on the mortgage and the deed in order to qualify for the loan? Can you still get the credit? According to the IRS you can.

Taxpayer A is a single first-time home buyer. Taxpayer B (parent) cosigns for A and does not qualify. Both names are on the mortgage. Can Taxpayer A claim the credit and, if so, how much? 

A. Yes. Taxpayer B is not a first-time homebuyer and cannot claim any portion of the credit, but A may claim the entire credit ($7,500…

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Expanded Home Buyer Tax Credit

Friday, November 27th, 2009 at 2:57pm. 54 Views, 1 Comments.

Top 5 Facts You Need to Know about the Expanded Home Buyers Tax Credit

On November 6, President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law, extending and expanding the important home buyer tax credit, and thereby providing many Americans with just the break they need to buy a first home or move up to a new home.

One of the requirements for becoming a Member of the Top 5 in Real Estate Network® is to provide my community with critical real estate information so you can make the best possible decision when buying or selling a home. To that end, I wanted to pass along some key facts about the extended and expanded tax credit that are critical for you to understand in order to take advantage of this opportunity:

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Property Taxes

Wednesday, November 18th, 2009 at 9:06am. 50 Views, 0 Comments.

Lee County:

(Bonita Springs, Estero Fort Myers area and the Beach, Cape Coral, Lehigh Acres, Sanibel Island and Captiva Island)

 

 How does Lee County determine what you will pay in taxes?

  • The sales price of an individual property does not directly affect the assessed value used to calculate taxes. Rather, the sales of like properties throughout the year as well as other statistical and valuation methods are used to create the assessed value. As long as the Estimated Sales Price entered is a reflection of the market, the assessed value used in the calculation will be a reasonable estimate for this purpose.
  • Likewise, if the Estimated Sales Price is significantly lower or higher than what other similar properties have sold for the results of the…
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    Short Sales F.A.Q.

    Thursday, July 30th, 2009 at 1:28pm. 88 Views, 0 Comments.

    What is a short sale?

    A short sale describes a situation where the lender agrees to take less money than they are owed on a property at time of sale. There may be more than one lender with a lien on the property.

    Who is the seller in a short sale?

    The individual owner is still in title, they have not been foreclosed on. In some cases foreclosure is imminent. In other cases the seller may not be behind. In all cases the seller owes more to the bank than they are trying to sell it for.

    How come some short sales are so much less than other homes on the market?

    If a seller is in a "short sale" listing, there is no equity in the home and they are not going to make any money. Many short sales listings continue to lower their price in order to attract an offer. There…

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