Southwest Florida foreclosures fall

http://www.naplesnews.com/story/money/business/local/2016/10/13/southwest-florida-foreclosures-fall/91956692/

Great news for the housing market in our area

One in every 607 housing units in Collier County is in some stage of the foreclosure process, compared with one in 338 housing units in Lee County, and one in 472 units nationwide.

Statewide, one in every 289 housing units is in foreclosure.

Gorgeous Indigo Lakes Home!

http://matrix.swflamls.com/matrix/shared/2LPhT5NXFH/14912IndigoLakesDrive

Don't miss this great opportunity to purchase a 4 bedroom plus den pool home in the highly desirable gated Indigo Lakes. This home features crown molding, fenced-in back yard, plantation shutters, beautiful Tigerwood hardwood floors, stainless appliances, granite countertops, tiled backsplash, & electric storm shutters on lanai. The open floor plan with split bedrooms is ideal for entertaining, and a pool bath is conveniently located off the guest rooms. Indigo Lakes has incredibly low HOA dues and amenities include a clubhouse, gym, community pool and play area all centrally located to Downtown Naples, Mercato, shopping, dining, beaches, I75 and the airport.

Collier County approves $2.5M beach renourishment deal

http://www.naplesnews.com/story/news/government/2016/10/11/collier-county-approves-25m-beach-renourishment-deal/91918280/

I am happy to see that Collier Co is taking steps to maintain our beautiful beaches.

Trucks will start hauling sand to five county beaches Nov. 1 after Collier County commissioners Tuesday unanimously approved a $2.5 million beach renourishment deal.

The county hired Earth Tech Enterprises Inc. to transport, place and grade a total of about 135,000 tons of sand to the beaches of South Marco Island, Vanderbilt, Park Shore, Pelican Bay and Sugden Lake.

Investors new to flipping should verify insurance

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3&id=343750

Insurance is so important especially when renovating or flipping.  It is important to make sure you are covered as well as vendors that are working on your home. 

1. Notify the insurance company before the renovation
2. Confirm the general contractor is licensed and bonded
3. Confirm coverage for any subcontracted workers
4. Consider purchasing builder's risk insurance
5. Confirm the contractor has completed operations insurance

Americans Want More Bathrooms at Home

http://realtormag.realtor.org/daily-news/2016/10/11/americans-want-more-bathrooms-home?om_rid=AADG2i&om_mid=_BX-S$rB9TpUjDH&om_ntype=RMODaily

I think more bathrooms are great! I personally don't like sharing one. Seems like people agree with me. Powder rooms for guests are great too!

The share of new homes started with three or more full bathrooms is on the rise. That also reflects builders’ focus on the higher-end, larger homes since the end of the Great Recession.

New condo tower planned in downtown Fort Myers

http://www.news-press.com/story/news/2016/10/10/new-condo-tower-planned-downtown-fort-myers/91846778/

Any new buildings like this are cause for excitement!

ONE ALLURE’s 24 residences will be priced from $500,000 to $2.7 million for two- and three-bedroom units ranging from 1,624 to 3,900 square feet. The first of two penthouses has been spoken for, and construction is expected to begin mid-2017 with a late 2018 completion, Caballero said. Located about a quarter mile east of downtown, the address at 2583 First Street.

There's a 5-storey penthouse for sale in Monaco and it's yours for $335 million-plus

http://www.msn.com/en-us/money/realestate/theres-a-5-storey-penthouse-for-sale-in-monaco-and-its-yours-for-dollar335-million-plus/ar-BBxhbRz?li=BBnbfcN

Well we don't have anything in Naples like this. Properties like this are prevalent for the fiscal advantages Monaco offers!

Attracted by Monaco's fiscal regime which repealed income tax in 1869 and has no capital gains, wealth or property taxes, the increased focus on tax over the past decade from other European countries' governments, has driven yet more of the wealthy to the landlocked state.