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Christmas Naples FL

Christmas time is always a fun and festive time of year. Celebrating Christmas and the holidays in Naples, FL is just as fun and unlike most of the country, you can wear shorts while touring Christmas lights outside and not get frostbite! We’ve compiled the Top 3 Fun Things To Do While Celebrating Christmas in…

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Naples Real Estate

Naples #1 Happiest Place to Live 2019 As a Naples native, one of the most frequent questions I’m asked is, “Is Naples, Florida a good place to live?” You may be thinking, “Is Naples safe?, “What’s the weather like in summer?” or “Would I be happy living in Naples?” Those are just some of the many questions that…

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What Happens Behind the Scenes After You List Your Home So, you’ve worked hand-in-hand with your Realtor to come up with a list price and completed the listing agreement to get the ball rolling. If you start out with too high a price on your home, you may have just added to your stress level,…

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Larry Bird's House in Naples FL

Naples, Florida is a paradise that has been discovered by many looking to own their piece of real estate in Southwest Florida – including some notable celebrities. Just like us average Joe’s, celebrities are drawn to Naples for it’s quiet sophistication, amazing beaches and privacy. It’s easier to blend-in and avoid the celebrity stalkers of…

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Naples Foreclosures

What’s the Difference Between a Foreclosure and a Short Sale? One of the most frequent questions we get asked is whether it’s better to buy a foreclosure or a short sale. Which one will you get the best deal on? Click Here for Free List of Naples Foreclosures Foreclosures in Naples, Florida and other parts of Southwest Florida can have significant advantages…

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View All Sancerre Condos Currently for Sale or Call (239) 417-1115 Sancerre, in my humble opinion, has the best beachfront condos in all of Naples, Florida. This prestigious Gulf front address, located at 1801 Gulfshore Boulevard North, offers privacy and world class service to 23 of the finest properties ever available in Naples. In fact, the…

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A “one-time showing agreement” or a Commission Agreement for Sale is a commission agreement between a for sale by owner (seller) and the real estate brokerage company. It is a written agreement in which the seller agrees to pay a commission to the Realtor connected to the buyer. If that buyer purchases the seller’s (FSBO’s) home, the…

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Home Buying Tips

Today, homebuyers are more educated and savvy than ever. It’s not surprising when a buyer asks for a list of recently sold comparable sales in the neighborhood, days on the market (DOM) a property has been listed or price reductions and other details found in a properties “listing history.” Even with the best tools in hand,…

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Contract for Real Estate

“The fax didn’t go through; just tell them verbally that we accept $875,000.” This was a quote from a recent real estate transaction that went downhill shortly after the agent relayed this information, verbally. In the state of Florida, verbal contracts are not enforceable. A real estate contract must be in writing. In the good old days,…

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Riverstone Naples

36 Sales on Opening day at Riverstone in Naples FL. “We slept in our cars overnight to be the first in line to buy at Riverstone,” according to Derek Anderson Realtor for White Sands Realty in Olde Naples. “People wanted the biggest and best cul-de-sac lots on the lake and they were willing to wait over 12 hours to be first in line. Naples Florida real estate is looking positive no matter how you slice and dice it.”

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NAPLES, FL-There is more good news sweeping the Naples Florida real estate market and we are not even through January yet. Mutltiple Listing System (MLS) statistics released through the Naples Area Board of Realtors show an increase in overall sales while inventory continues to decline. Lower inventories mean less homes for sale, which in turn means…

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Amazing Naples real estate opportunity. Naples home and 5 Acre Ranch within 8 minutes of the beach. Great location. This luxury Naples home has tennis, resort-style pool and horse stables! 6690 Bottlebrush Ln Naples, Florida 34109 Price: $1,650,000 5 Bedrooms, 5 Bathrooms 6010 Square Feet Welcome home to Equus Ranch! This exquisitely designed Naples home…

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First-off, nobody likes to be profiled. Whether at the airport taking a flight or walking into the real estate sales office at a shiny, new home model. We are all unique and deserve respect. Yet, clients often are asked who is the “usual buyer” of Naples Florida real estate today. Some want to get an…

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First off, a note of safety. Please do not actually “whip” your Realtor. It would really hurt—unless you’re into that sort of thing. So, for safety’s sake, let’s replace “whip” with “charm” in our title and move on. Just as certain people have a way of charming the sales clerk into giving them a better deal than the…

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The best-selling new home community in Naples now has the hottest new clubhouse. We were fortunate enough to hold our office real estate meeting at the new Marbella Lakes clubhouse last week. As you’ll see in the clubhouse video below, the pool area is like living at a 5-star resort in the Mediterranean and the…

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The good news is that home sales have picked up since a summertime filled with hot days and lemonade afternoons. The not-so-great news is that buyers still have the edge when it comes to negotiating. Higher home supplies and economic pressures are still on their side. Sellers who are determined to hold fast on their…

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The economic recession has created some strong new trends in the way single-family homes are being built and will be built for many years to come. Many of us under increasing economic pressures have tightened our belts to the last hole. We finally realize that we can actually live just fine, perhaps even better, without…

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Getting a get great home deal in today’s real estate market in Naples can be accomplished if you follow these easy suggestions. Research comparable sales to get a discount of the market value , not just the asking price. Regular sales can often be better deals than short sales or foreclosures. Be flexible – look…

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Naples, Florida—The average sold price for homes and condos rose over $44,000 in September of 2010 as compared to August of this same year. After a steep drop in the statistical average sales prices from July to August, September’s numbers show a trend to the upside, possibly indicating rising prices in months to come. Looking…

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In the last year, 2 out of 3 Realtors in Florida has had at least one international home buyer according to the National Association of Realtors (NAR). Canadian buyers top that list of home buyers from outside our borders. The value of the Canadian dollar to the US along with more affordable US home prices…

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Naples, Florida is a lot like Beverly Hills when it comes to luxury home prices. If the median home price in Beverly Hills is any indicator of sunnier days to come, we may soon be be seeing brighter rays of sunshine on the Naples beaches as well. The median sale price of Beverly Hills single-family…

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It is no great secret that today’s real estate market continues to be a strong buyer’s market. At our office, we receive  several calls per day from people around the world that are looking for, “a really, really—no really, great deal.” So what is a seller to do in this market besides lay in wait…

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When people make plans to come to Naples to look at real estate they often ask me for recommendations of hotels in the area. In the past, I used to tell everyone to stay at one of the large hotels right on the beach like the Ritz Carlton or La Playa, but over the years…

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Mentioning “luxury” and “foreclosures” in the same breath may not make sense in most cities, but in Naples, Florida the increase in overall foreclosed homes due to the housing crisis has created a new animal that is becoming part of the local real estate market. Total 2010 year-to-date foreclosure sales of residential properties in Naples as…

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You may have heard the term REO used more often lately on the news or in conjunction with real estate. REO is an acronym for Real-Estate-Owned. Most REO’s are owned by a lender at a result of a foreclosure on a property. Lenders refer to these properties as REO since that is how the asset…

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There has been some talk in the media lately of a double-dip or second housing correction sometime in the future. Even Lee County Property Appraiser, Ken Wilkinson, predicted another round of issues upcoming. Mr. Wilkinson was quoted as saying, “Although most would probably agree that single-family residential values are at or near the bottom, commercial…

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A total of 522 Naples properties including homes, condos and villas have sold since the 15th of last month. Sold (closed) single-family homes (Only) are listed below. You’ll note that prices are arranged from the high price of $4 million down to the low of $10,000. As you may also notice, the majority of the…

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When searching for Naples homes, keep in mind there are about 346 Naples real estate firms for you to choose from. Some specialize in rental properties or even commercial property, but not everyone is the same when it comes to the level of service and knowledge they provide. When you Google “Naples Realtors” we most…

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The Naples luxury home market saw an increase in overall sales this summer. This corresponds to figures released from the National Association of Realtors (NAR). According to NAR, the home sales for $1 million plus homes were up .7 percent in July 2010 as compared to last year at the same time. These figures are…

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If you are looking for Naples real estate including Naples homes, condos, rentals, lots or new homes — you are in the right place! As the premier Naples Homes and Real Estate Information Center, White Sands Realty is a leader in the Naples Florida real estate market. Our client reviews are some of the best…

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Today I was contacted by Bankrate, Inc. for data and to comment about Naples median home prices for an upcoming article they are publishing on median home prices around the United States. For those that don’t know Bankrate is the Web’s leading aggregator of financial rate information. Basically, on their site, Bankrate.com, they provide consumers…

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Naples, Florida has some of the most amazing waterfront homes in the world. Like a box of chocolates, Naples waterfront homes and condos in Naples FL come in many different shapes and flavors. From luxury, beachfront mansions with post card views of the Gulf of Mexico to canal and bay front homes with deep water…

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I know, I know, I wouldn’t believe a Realtor either if I didn’t see the statistics for myself. But yes, there are communities in Naples, Florida where home prices have actually increased over the last year. If you listen carefully enough, the statistics are whispering to you that prices may be ready to increase across…

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Luxury Naples Home on 10 Acres in Florida. Listed on Naples MLS for $8.75 Million. This is one of the top Naples real estate properties with lots of land so near the beach. This home was the winner of the 2009 CBIA SAND DOLLAR AWARD / EXEC HOME. There are actually 2 luxury estate Southern…

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Finding your perfect home in today’s market can be a challenge for new and seasoned home buyers alike. Whether you are looking for a home in my hometown of Naples, Florida or anywhere in the world, there are some basic steps you should take to ensure your success. 1. Research before you look. 87% of…

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“Twitter” used to be a word associated with bird sounds or general excitement, but now it’s synonymous with a high-flying social media service based at Twitter.com. Oprah, actor Ashton Kutcher and CNN have recently nudged Twitter further into the national conscience, but the publicity was hardly necessary. Unofficial figures for the free service that bills…

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“In June and July 2010, current owners who purchased single-family homes from us when we opened last year have equity of over $20,000 in many cases depending on the lot they purchased. That’s about a 6% to 10% increase in value in a little over a year.”

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Mark Weber, Broker/Owner of White Sands Realty, enjoys reviewing articles and information that is relevant to buying or selling homes in Naples. The recent New York Times article featuring Naples, Florida gave some insight on the writer’s experience when spending “36 Hours In Naples” getting a feel for the community.  The journalist made a comparison…

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by Simon Volkov – (submitted 2010-03-31) Making Home Affordable offers four programs; three of which help homeowners obtain reduced mortgage payments and prevent foreclosure. Home saving options include loan modifications, mortgage refinance, and second lien modification. A fourth program, Foreclosure Alternatives, is available to borrowers who can no longer afford to stay in their home.…

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Overall pending home sales increased at least 100 percent in October 2009 compared to October 2008 in each price category under 2 million, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding new construction sales and Marco Island ). Summer is usually…

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If you’re looking for a new Florida home and haven’t visited Marbella Lakes in Naples, you may be missing out on the hottest community around. With over 123 sales (and more every day) since it opened on February 28th of 2009, there are several reasons why Marbella Lakes is the top selling new community in…

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RISING SALES, DECLINING INVENTORY NAPLES, Fla.-The positive momentum continues according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island). Statistics compiled by NABOR show a dramatic increase in overall sales with inventory diminishing in Collier County, which is an encouraging…

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Uber-Luxury Real Estate is “On Fire” Another uber-luxury home sold in the exclusive Naples, Florida community of Port Royal for $13 million on Tuesday. It was an all cash transaction. This is the third home to sell for over $9 million in less than a month. The sale went for about 18% less than the listing price of $15.9 million. This estate…

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Keeping Your Home Neat and Tidy Keeping your home picked up at all times can make showings go better and selling it easier on you and your Realtor. In today’s buyer’s market with tons of inventory for buyers to pick and choose from, your home must meet the cleanliness test. You want buyers to stick…

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In today’s buyer’s real estate market, every detail counts when you want to sell your home. Here are four tips to make the best impression on home buyers who come to view your property. Lighting – Turn on All the lights! When preparing for a home showing, turn on all the indoor and outdoor lights –…

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If you are home when a showing is scheduled for your home, potential home buyers will feel like uncomfortable intruders. They will spend less time looking and more time worrying about invading your space. To put them at ease and keep them around long enough to fall in love with your home, take a walk…

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Your house should always be available for show, even though it may occasionally be inconvenient for you. Let your listing agent put a lock box in a convenient place, to make it easy for other agents to show your home to homebuyers. Otherwise, agents will have to schedule appointments, which is an inconvenience. Most will…

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Open Houses An open house when your property is first placed on the market can be very important, but not for the reasons most homeowners think. Just like with advertising, most visitors to open houses rarely buy the house they come to look at. They may not even know the price of your home when…

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Neighborhood Announcements When you first list your home many real estate agents send “announcements” to all of the other houses in your neighborhood. This can be done in the form of postcards, a letter, or flyers left hanging on the front door. The postcard may read “New Listing” or “Just Listed.” These are important because…

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Individual Agent Advertising Individual agents may advertise your home for the same reasons as companies do. They usually advertise in classified ads or in specialty magazines featuring houses available for sale. As in other types of advertising, these ads rarely sell your home. Once again, the main goals of advertising are to accumulate homebuyers as…

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Real Estate Office Advertising As mentioned previously, advertising your home in newspapers and magazines rarely sells your home directly. Most buyers begin their search for real estate online these days. Buyers are more likely to see your home on Realtor.com, Trulia.com or Zillow.com than they are in a local newspaper. You still want to be…

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Every home seller likes to be assured that their listing agent or the real estate company will run ads featuring their home. Newspaper ads could be large display ads with lots of listings or small classified ads featuring just your property. Ads may also appear in local real estate magazines and, most importantly, on the Internet.…

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Your agent probably belongs to a local association of Real Estate Professionals and they often have meetings once a month. At these meetings there is often a “marketing session” where some agents stand up and tell about their listings and other agents stand up and tell about their buyers. Your listing agent has an opportunity…

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Your real estate agent will undoubtedly prepare flyers (print, online or both) about your property so that prospective home buyers can be informed about the attractive features of your house. These flyers (or similar ones) should also be sent or hand-delivered to all the local real estate offices, too. Since real estate agents get these…

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Broker preview or broker open house is very similar to an office preview, except it is open to all the members of the local multiple listing service. It usually occurs within the first week your house is placed on the market, just after the office preview. However, there are lots of new listings to choose…

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An real estate office preview is a great way to hit the ground running. Realtors get a chance to preview your home and learn about the home’s best features before bringing by potential buyers. The goal is more showings, and if you’re fortunate, a quick sale of your home. If your listing agent belongs to…

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Your agent should prepare a flyer that displays a photo and provides details about your house. There should also be a phone number so buyers can contact your agent to get additional information. The flyers should be displayed in a prominent location in your home and sometimes in a brochure box attached to the “for…

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It seems fairly obvious that when you put your house up for sale that your agent will put a “for sale” sign in the front yard. The sign will identify the agent’s company, the agent, and have a phone number so prospective buyers can call and get information. Some communities do not allow signs at…

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The Listing Agent & Marketing Your Home The “Real” Role of a Listing Agent When you bought your home, you probably used the services of a real estate agent. You found that agent through a referral from a friend or family member or perhaps online where over 80% of home buyers begin their search for…

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Listing Commissions and Techniques that Can Backfire During a “hot market” or seller’s market there is a certain marketing technique which, though very effective, could cause trouble because of the way the contract is written. This is the practice of “under-pricing” the home. In a hot market, a home that is under-priced gets a lot…

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Your listing contract specifies a listing price. Your Realtors job is to bring a “ready, willing and able” buyer to present an offer. If you reach agreement with the buyer, then the agent has done his job and earned the commission. Once the sale has closed, the real estate broker gets paid from the proceeds…

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First and foremost, there can be no set listing commission in a certain area of the country otherwise it could be considered price fixing. Each brokerage firm sets it’s own listing commissions based on the services they offer, their business plan and what the market will bear. Therefore, listing commission are different at different real…

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There are times when you and your real estate agent have a disagreement that you cannot resolve by yourselves. Maybe the Realtor did a poor job in your opinion or misrepresented something. Maybe your real estate agent was really doing their job correctly, but you did not understand. Perhaps the Realtor has a dispute with…

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The agency duties of a real estate listing agent in Florida differ depending on which agency relationship is specified. Under an Exclusive Right and Authority to Sell Agreement, the default agency relationship in a Naples Area Board of Realtors contract in Naples, Florida is Transaction Broker. A Transaction Broker may show your property to a…

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MLS or Multiple Listing Service, like our local MLS of Naples or Sunshinemls, are online listing databases that allow Realtor members to efficiently market real estate to other agents. The MLS includes all the information on each listing including the commission rate offered to cooperating brokers. Much of this information is proprietary and real estate…

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A commission for real estate is typically paid by the seller at the closing of the transaction. The exact amount is stipulated in the listing agreement between the seller and the listing brokerage. Usually, the payment of a commission to the brokerage is contingent upon finding a satisfactory buyer who is ready, willing and able…

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A lockbox is a key box with a cavity inside where a key to your home, and perhaps the clubhouse, can be stored for access by real estate agents or qualified professionals. Only a Realtor or a professional (like a home inspector) with an electronic key or the combination can get into the lockbox and…

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A listing contract is a written, legal agreement between the home owner (seller) and the listing broker. It can be written by the listing agent who works for the broker, but the agreement must be signed by the broker and is between the brokerage company and the seller. There are several types of listing agreements…

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The Exclusive Right of Sale Listing Agreement is the most widely accepted and used type of listing agreement for residential property in Florida. The Exclusive Right of Sale Listing Agreement gives the brokerage the exclusive right to list the home on the MLS, and represent the homeowner in the sale of the home. The agreement details the…

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An Exclusive Agency Listing allows a real estate agent to list and market your home on the MLS, guaranteeing them a commission if the house sells through any real estate agent or brokerage firm. It also allows sellers to seek out buyers on their own without paying a real estate commission. This is not a…

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There are several different types of listing contracts for residential real estate, but very few of them are used. The Exclusive Right of Sale is the most common by far, but there the Open Listing, Exclusive Agency Listing and Limited Services Listing. Open Listing The “open listing” is mostly used by people trying to sell…

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Want to Start Off With a High Sales Price?  Beware! Overpricing your home is not a wise choice, especially in a buyer’s market. Your house will take longer to sell and you will get less if the market continues to decline. Later, when you have to drop your price, your house is “old news.” You…

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If you’re like many people, you pick Realtor number three. This is a real estate agent who is charming and seems willing to listen to your input and work with you. This is an agent that cares about putting the most money in your pocket. This is an agent that is willing to start out…

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So you’ve decided to sell your home and have a fairly good idea of what you think it is worth. Being a sensible home seller, you schedule interviews with three local real estate professionals who’ve been sending you fliers and magnetic calendars for years. Each real estate agent comes prepared with a listing presentation complete with a…

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Getting Your House Ready to Sell Fixing Up Outside the House First impressions and curb appeal are some of the most important preparations you can make to sell your home. Begin to think of your home as a marketable commodity. A homebuyer’s first impression is based on his or her view of the house from…

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Getting Your House Ready to Sell Fixing Up the House Interior When preparing your home for sale, the interior should be clean, bright and look as new as is humanly possible. The least traces of you or your family, the better chance you have of selling your home for top dollar quickly. If a buyer thinks there…

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Preparing your home for a real estate sale involves several steps including staging your home for showings to present it in its best light. Removing clutter is the hardest thing for most people to do because they are emotionally attached to everything in their house. After years of living in the same home, clutter collects…

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The main reason you want to “depersonalize” your home is because you want real estate buyers to view it as their potential home. When a potential homebuyer sees your family photos hanging on the wall, it puts your own brand on the home and momentarily shatters their illusions about owning the house. Therefore, put away…

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When conversing with real estate agents, you will often find that when they talk to you about buying real estate, they will refer to your purchase as a “home.” Yet if you are selling property, they will often refer to it as a “house.” There is a reason for this. Buying real estate is often…

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When buying real estate part of your offer for a home may include an inspection of the property. Along with that inspection, you may require a termite and pest inspection. This company not only inspects for termite damage and pest infestations. The company that performs the inspection is important to you as a buyer, because…

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Title insurance protects the home owner and/or a lender (if there is a loan outstanding on the property) against any title defect or dispute that may arise. Lenders require title insurance to close on your home, but if you pay cash you don’t have to purchase title insurance – although we do not recommend that. Who should…

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When you have a signed contract to purchase real estate in Florida, you are going to need a settlement company or closing company. In Naples, Florida, the title company or attorney issuing the title insurance is usually chosen as the closing or settlement company. Most times the closing company will hold the buyer’s deposit and…

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Buying a home does not occur in a vacuum, involving only you and the seller. There are all kinds of people and services involved behind the scenes to make it happen. Since some of these services affect both you and the seller, there will have to be an agreement on which companies you will use…

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How FHA and VA Financing Affects Your Offer Home appraisal inspections on FHA and VA loans are a little more detailed than on conventional loans. Qualified appraisers are required to perform certain minimum inspections as well as evaluate the market value of the property. Although these inspections are not as detailed as a professional home inspection and…

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How FHA and VA Financing Affects Your Offer If you are obtaining a VA or FHA loan in order to finance your home purchase, you must include that information in your offer. This is because government loans place additional financial and performance obligations on the seller. FHA and VA appraisals are also more strict and…

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How Financing Details Affect Your Offer When making an offer to purchase real estate, financing contingencies should be carefully considered. Your financing contingency should contain information on whether you are obtaining a fixed rate or an adjustable rate mortgage and what maximum rate is acceptable. Of course you may be able to get a loan…

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How Financing Details Affect Your Offer If you are a fortunate real estate buyer making a cash offer to buy a home, there are certain things you should consider when making an offer vs those who finance. First and foremost, you are offering one less contingency than those buyers who finance. If your offer is…

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Another occasional request when making an offer to purchase real estate is to have the seller finance the whole transaction or “carry back” a second mortgage to help facilitate your purchase of their home. In cases when the seller owns the home free and clear or does not need all the proceeds from their sale…

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How Financing Details Affect Your Offer There may be times when, as part of your offer, you request the seller to pay all or a portion of your closing costs, or provide some other financial incentive. One common request is asking the seller to pay a certain specified amount towards “closing costs and pre-paids.” Such incentives can…

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How Financing Details Affect Your Offer Interest Rates A financing contingency in your offer protects you if interest rates suddenly become volatile and rise quickly. By adding a maximum acceptable interest rate in your offer, you are protecting yourself from such an occurrence. At the same time, the seller will probably want to see that…

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Most buyers do not have enough cash available to buy a home, so they need to obtain a mortgage to finance the purchase. When making an offer, it is vital to include a financing contingency that informs the seller about your financing plans. A seller will want to know that you can quickly obtain a…

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Writing an Offer – Safeguards Regarding the Property Before closing, the buyer should revisit the property to ensure it is in the condition you required in your offer and to inspect any required repairs have been performed. The closing or settlement company should not close until you or your Realtor give them the final go-ahead.…

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Besides an appraisal and the termite inspection, you should also have a professional home inspector go through the house and seek out potential problems. Of course, you will have inspected the home, but you are not used to looking at some things that a professional will find. Even if they are not things the seller…

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Writing an Offer – Safeguards Regarding the Property Condition at Closing The last thing you want when you assume possession of your new home is to find it in a total mess. Therefore, you should make it clear in your offer that certain minimum standards are required on closing. If you do not, you might…

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Writing an Offer – Seller’s Disclosure Statement Although you have toured the property, looked at the walls and ceiling, turned on the faucets and played with the light switches, you have not lived in it. The seller has a lot more knowledge about his or her home from living there. For this reason, you may…

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Closing On Your Home A transaction is considered “closed” once all documents have been signed, money transferred and the deed has been recorded. Then you own the home. On the day of closing (or prior to if you are doing a mail away closing), the closing agent will provide you with a finalized Settlement Statement and HUD-1…

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Offering to Purchase Real Estate- the Basics It is absolutely essential that you include a closing date as part of your offer to purchase real estate. This is an important date in the contract and should not be considered lightly. If you’re obtaining financing and a mortgage approval, allow as much time as possible. With…

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An earnest money deposit is the initial deposit you make with an offer to purchase real estate. How Much Should You Put Down With Your Offer? After you have come up with an offer price, the next step is to determine how large a deposit you want to make with your offer. Determining what to…

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In most purchase transactions there may be a slight challenge or two, but most things will go quite smoothly. However, you want to anticipate potential problems so that if something does go wrong, you can cancel the contract without penalty. These are called “contingencies” and you must be sure to include them when you offer…

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Once you find the home you want to buy, the next step is to write an offer – which is not as easy as it sounds. Your offer is the first step toward negotiating a sales contract with the seller. Since this is just the beginning of negotiations, you should put yourself in the seller’s…

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Major Factors Influencing your Offer Price Comparable sales information helps you to determine a base price range for a particular home. Adding in the various factors like property condition, improvements, market conditions, and seller motivation help determine whether a “fair” price would be at the upper limit of that range or the lower limit. Perhaps…

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The most common “motivated seller” is someone who has already bought his or her next home or is relocating to a new area. They will be under the gun to sell the home quickly or face the prospect of making two mortgage payments at the same time. Since that can drain a bank account quickly,…

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A hot market is a “seller’s market.” During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers on the same home for sale. Sometimes homes even sell above the asking price. Though most buyer’s want to get a “deal” on a home, reducing your offer…

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Home improvement additions or big upgrades should be considered when comparing similar homes you are considering making an offer on. Cosmetic changes should be largely ignored, but major improvements should be taken into account. Most important would be room additions, especially bedrooms and bathrooms. Other items, like expensive floor tile or swimming pools should be…

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Since you have toured the property you are interested in, you should know how it compares to the general neighborhood. All you have to do is put the home in one of three categories – average, above average, or below average. When evaluating a home’s condition, there are a number of things you should consider.…

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Comparable Sales and Your Offer Price Gathering and analyzing information from comparable sales helps to establish the price range you should consider when making an offer to buy a home. More weight should be given to the most recent sales (in the last 3 to 6 months), but even so, you need to do a…

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Obviously, the most valuable information when looking at comparable sales would be the most current sale possible. A sale last week has more validity in helping you determine a purchase price than a sale from six months ago. The problem is that there is no actual record of the sales price until the transaction is…

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Most of the public is aware that the Multiple Listing Service is a private resource where Real Estate Professionals list properties available for sale. Recently, the public has been able to access some of that information on such sites as Realtor.com, Zillow.com, Trulia.com and others. Once a property is sold and the transaction has closed,…

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The most accessible source of information on comparable sales for the public are closed sales is the county’s public record system. The public records include all sales, even ones that don’t go through Realtors and are thus not entered into the MLS. When someone buys a home the property is deeded from the seller to…

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When you prepare an offer to purchase a home, you already know the seller’s asking price or list price. But what price are you going to offer and how do you come up with that figure? Determining your offer price is a three-step process. First, look at recent sales of similar properties or comparable sales…

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The Business Cycle and Buying a Home Should you try to time the market? Just like investing in the stock market, the short answer is always, no. One problem with attempting to time your purchase of real estate to the business cycle is that no one can accurately predict the future. Why You Should Not…

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The Business Cycle and Buying a Home When the supply of available homes is greater than the supply of buyers, appreciation may slow and prices may even fall, as happened in the early eighties, the early to mid-nineties and currently. This the classic buyer’s market. If you are lucky enough to purchase a home during…

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The Business Cycle and The Housing Market There are times when the economy is brisk and everyone feels confident about his or her prospects for the future. As a result, they spend money. People eat out more, buy new cars, and….…they buy new homes. Then, for one reason or another, the economy slows down. Companies…

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If you’re in the market to buy a home, buying anything as expensive as a car is a no, no. Even if you feel you can afford the car payment, mortgage companies approve your mortgage based on their guidelines, not yours. Can I Buy A New Car If My Mortgage Has Already Been Approved? Let’s say…

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When determining your ability to qualify for a mortgage, a lender looks at what is called your “debt-to-income” ratio. A debt-to-income ratio is the percentage of your gross monthly income (before taxes) that you spend on debt. This will include your monthly housing costs, including principal, interest, taxes, insurance, and homeowner’s association fees, if any.…

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Can I Buy a New Car Now that Our Mortgage has been Approved? When buying a home, your first priority should always be to maintain your credit at current levels or decrease it. Buying a car with a loan or even cash is a no-no since it will change your debt-to-income ratio or reduce your…

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Important Things To Avoid Before Buying a Home For most people, changing employers will not really affect your ability to qualify for a mortgage loan, especially if you are going to be earning more money.  For some homebuyers, however, the effects of changing jobs can be disastrous to your loan application. How Changing Jobs Affects…

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Important Things To Avoid Before Buying a Home When a lender reviews your loan package for approval, one of the things they are concerned about is the source of funds for your down payment and closing costs. Most likely, you will be asked to provide statements for the last two or three months on any…

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Benefits of Owning Your Own Home Both indoors and outdoors, you will probably have more space if you own your own home. Even moving to a condominium from an apartment, you are likely to find you have much more room available – your own laundry and storage area, and bigger rooms. Apartment complexes are more…

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When you rent as opposed to owning a home, you are normally limited on what you can do to improve your home. You have to get permission to make certain types of improvements. Nor does it make sense to spend thousand of dollars painting, putting in carpet, tile or window coverings when the main person who benefits…

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Some people are just lousy at saving money, and a house is an automatic savings account. By owning your home, you essentially accumulate savings in two ways. Every month, a portion of your payment goes toward the principal. Admittedly, in the early years of the mortgage, this is not much. Over time, however, it accelerates.…

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When you rent a place to live, you can certainly expect your rent to increase each year – or even more often. If you get a fixed rate mortgage when you buy a home, you have the same monthly payment amount for thirty years. Even if you get an adjustable rate mortgage, your payment will…

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Because of income tax deductions, the government is basically subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income. For example, assume your initial loan balance is $150,000 with an interest rate of eight…

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As a fairly general rule, homes appreciate about five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood and region to region. Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could earn over six percent with…

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Buying Naples Real Estate in 2010 Yes, now is a great time to buy Naples real estate. People from around the world are seeing that Naples is undervalued and buying second homes, vacation condos and moving to the area as part-time home owners or permanent residents. In 2010, Naples real estate home sales are expected…

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