January 2010 Foreclosure Update - Bonita Springs, FL

Franziska Smith

Friday, February 5th, 2010 at 5:18pm. 311 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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Moving to Bonita Springs, Fort Myer or Naples FL - tax credit

Franziska Smith

Monday, December 21st, 2009 at 7:48am. 120 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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Home Buyer Tax Credit - parent co -signer

Franziska Smith

Monday, December 14th, 2009 at 8:08am. 123 Views, 0 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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