4th of July Events

http://www.naplesnews.com/entertainment/events/fireworks-parades-to-highlight-weekend-in-sw-florida-35f763ba-6fde-3b06-e053-0100007f268c-384703671.html


My Favorite Holiday is upon us!  Check out the local events!


AREA FOURTH OF JULY PARADES AND OTHER EVENTS

Naples: Parade will begin at Broad Avenue South, north to Fifth Avenue South, east on Fifth Avenue South, south on Eighth Street South and at Eighth Street South
When: Begins at 10 a.m. Monday
Other information: No street parking permitted along entire parade route from 5 a.m. to 2 p.m. Vehicles will be towed.

East Naples: Family event at Sugden Regional Park, 4284 Avalon Drive, East Naples.
When: Begins at 2 p.m. Monday
What: There's an ice-cream social from 2 to 4 p.m. followed by a DJ and food vendors into the evening. Coolers allowed until 5 p.m., no pets and parking is off-site.
Admission: Free

Everglades City: Family fun festival and parade
When: Festival kicks off with 10 a.m. Saturday ceremony on steps of City Hall, with parade starting at 10:30 a.m.
What: At 11 a.m., head to McLeod Park for hotdogs and sodas, a bake sale, face painting, arts & crafts vendors, raffles, kiddies' best dressed contest and playground games. And check out a new feature —a Patriotic Pets contest for dogs.


Bonita Springs: Parade begins at Bonita Drive and ends at Riverside Park, 10451 Old 41 Road.
When: Begins at 9 a.m. Monday

Bonita Springs: Star Spangled Bonita Independence Day Celebration at Riverside Park
When: 5 p.m. Monday
Cost: Free

What: There will be a children's amusement area featuring a giant water slide, bounce house, amusement rides, slip-n-slide, water tag, train rides, face painting, wrecking ball, high striker and more. Watermelon, hot dog and ice cream eating contests will take place throughout the evening. Food and beverages available for purchase.
What to know: Guests are asked to leave their coolers and pets at home.

FIREWORKS SHOWS
NAPLES
Where: Naples Pier, 12th Avenue South
When: 9 p.m. Monday
Parking: Free with Collier County beach sticker; bring quarters for meter parking
What to bring: Chairs or a comfy blanket to sit on along Naples beach, and bug spray; no coolers and personal fireworks — including sparklers. Radios allowed, as fireworks show will be simulcast on WAV 101.1 FM

Other information: No parking allowed on either side of Gulf Shore Boulevard, between 20th Avenue South and Eighth Avenue North. Vehicles will be towed.

EAST NAPLES:
Where: Sugden Regional Park, 4284 Avalon Drive
When: Begins at dark Monday
What to bring: Lawn chairs or blankets for seating for the fireworks but no coolers after 5 p.m., no pets.
Parking: Free but off-site

MARCO ISLAND
Where: Residents Beach/South Marco Beach, 130 S. Collier Blvd.
When: 9 p.m. Monday
Parking: At intersection of Swallow Avenue and Collier Boulevard

EVERGLADES CITY
Where: Everglades City
When: 9 p.m. Saturday
What else: The fireworks display features music.

BONITA SPRINGS
Where: Riverside Park, 10451 Old 41 Road
When: Begins at dusk Monday
Parking: Free
What to bring: Chair or comfy blanket to sit on, bug spray; no coolers or pets.

ESTERO
Where: Miromar Outlets, 10801 Corkscrew Road
When: Begins at 9:30 p.m. Saturday
Parking: Free
What to bring: Chairs or a comfy blanket to sit on, and bug spray; no coolers and personal fireworks

Property value growth up by double digits, Collier County appraiser says

http://www.naplesnews.com/business/real-estate/property-value-growth-up-by-double-digits-collier-county-appraiser-says-365b94bf-d671-6459-e053-0100-384740121.html

So what does this mean for your pocket book....hard to say at this point!

But until the county's various taxing authorities set their millage rates, the effect on residents' property tax bills has yet to be determined.

But how this translates into a tax bill will be determined by the nearly 200 different taxing authorities in the county, including municipalities and fire and school districts, which set different millage rates, according to the tax collector's office.

The millage rate is determined by dividing the taxing district's budget by the related assessed value, expressed as a rate per $1,000 of assessed value.

Canada’s largest private homebuilder to build Compass Landing in North Naples

http://www.naplesnews.com/business/real-estate/canadas-largest-private-homebuilder-to-build-compass-landing-in-north-naples-365dd846-b305-0745-e053-384748631.html

They have been a top builder in Canada, I am looking forward to seeing their work here in Naples.


Mattamy Homes, an Oakville, Ontario-based firm, said it will open a sales office with three furnished model homes in August for Compass Landing, a gated community at 3725 Helmsman Drive in North Naples.

The company will build 273 homes with prices starting in the $300,000s.

The Coastal/West Indies-style single-family homes will range from about 2,000 square feet to 3,700 square feet. Ten new plans with 30 elevations will be offered

The project also will have a 2,600-square-foot clubhouse with fitness room, pool and tot lot.

BEST CITY FOR WELL-BEING: NAPLES, FL

http://www.elledecor.com/life-culture/travel/news/g3114/best-places-to-live/?slide=4

It is a wonderful city!

If overall high quality of life is most important to you, consider Naples, Florida.

In a report titled "State of American Well-Being: 2015 Community Well-Being Rankings and Access to Care," the oceanside town of Naples ranked highest in the country for how residents feel about their physical health, financial security, social ties, community and sense of purpose. The town also has the lowest stress levels in the nation.

Experts say your home's value will decrease if you paint with this color

http://www.msn.com/en-us/money/realestate/experts-say-your-homes-value-will-decrease-if-you-paint-with-this-color/ar-AAhGgtK

It looks like yellow kitchens are better than all white.  Luckily paint is a cheap change to make if you are seeing your home!

According to the analysis of over 50,000 sold homes from around the country, the online real estate company found that homes with kitchens painted in warm yellow hues yielded the highest sale premium. They went for $1,360 above expected values.

In terms of colors you may want to avoid, the report found that homes with white kitchens actually sold for $1,400 less than expected. While the stark hue gives off a crisp look, it apparently also deters buyers, many of whom think they won't be able to keep the space clean.

Homeownership In The U.S. Has Plummeted, But Not By Choice

http://www.msn.com/en-us/money/realestate/homeownership-in-the-us-has-plummeted-but-not-by-choice/ar-AAhyUDw

Its not just one issue that has pushed homeownership at its lowest point in almost 50 years. Here are 6 factors, when you combine them all it makes sense!

• Incomes are starting to increase, but they haven’t matched the rise in housing prices.
• New homes coming on the market aren’t priced or sized for many buyers.
• Foreclosures are still a pervasive problem. 
• Unprecedented student loan debt might make it harder to make the leap to homeownership.
• If you don’t have perfect credit, it’s tough to qualify for a mortgage.
• High rents make it harder to save enough for a down payment.

4 'Hidden' Homeownership Costs That Wreck Budgets

http://www.msn.com/en-us/money/realestate/4-hidden-homeownership-costs-that-wreck-budgets/ar-AAgPbwK

These are just a few things that can blow your budget.  Its always good to have savings in case an air conditioner or HOA assessment comes up in the future.  Also not maxing out your financing, opt for a smaller home under your budget.

1. Utilities
2. Maintenance 
3. Furnishings
4. Private Mortgage Insurance 

Collier County visitor numbers down, slightly, in May

http://www.naplesnews.com/business/local/collier-county-visitor-numbers-down-slightly-in-may-3646350d-51f7-0b88-e053-0100007f0bb6-384599531.html

Overall it has felt a bit slower this year, makes a little sense based on these numbers.

Collier County's visitor numbers fell for the sixth straight month in May.

The monthly declines started in December and haven't let up.

Last month the county saw 135,300 visitors, down 2.7 percent from the same month last year, according to a report by Tampa-based Research Data Services Inc.

Does it point to a major collapse of our market? Of course not. These are very minor, very modest contractions," Klages said.

Visitor spending for the year was still up 0.6 percent through May, surpassing $1.1 billion.

Retail center proposed at Airport and Orange Blossom

http://www.naplesnews.com/columnists/news/tim-aten-in-the-know/in-the-know-retail-center-proposed-at-airport-and-orange-blossom-36198ec3-dd82-39d4-e053-0100007f4d6-384436611.html

There is so much building occurring!

A site development plan for the 4.5 acres consists of three building pods of commercial development with required infrastructure and parking, according to documents filed this year with the Collier County Growth Management Department.

"The configuration of these buildings are proposed to serve the smaller business owner and include common area breezeway areas intended to maximize pedestrian interaction. A common architectural theme is utilized to focus on neighborhood continuity," county records show.

Experts say your home's value will decrease if you paint with this color

http://www.msn.com/en-us/money/realestate/experts-say-your-homes-value-will-decrease-if-you-paint-with-this-color/ar-AAhGgtK
Paint your kitchens yellow and avoid all white kitchens.  Its a good thing paint is a cheap and easy fix that might have a good return for you!

According to the analysis of over 50,000 sold homes from around the country, the online real estate company found that homes with kitchens painted in warm yellow hues yielded the highest sale premium. They went for $1,360 above expected values. 

In terms of colors you may want to avoid, the report found that homes with white kitchens actually sold for $1,400 less than expected. While the stark hue gives off a crisp look, it apparently also deters buyers, many of whom think they won't be able to keep the space clean.

From Mediterranean to modern

http://www.news-press.com/story/marketplace/real-estate/2016/06/26/mediterranean-modern/86285586/

I loved the Mediterranean look however I now love the more modern sleek clean lines we are seeing in new construction here. It is not as heavy and dark which is refreshing. Our area will have the Mediterranean style for years to come though, have seen a lot of renovated homes that blend the two styles.

Most of the new homes under construction in Southwest Florida are coastal or modern in design. The houses are sleeker, whiter, with more straight lines. There are also Key West and Cape Cod style homes with bright colors and a tropical look.

Collier commissioners to review Braves stadium study

http://www.nbc-2.com/story/32310822/collier-commissioners-to-review-braves-stadium-study#.V3GOXLTLJBU

I would love to see a stadium in Collier County! Here are a few highlights of the article. It could generate a lot of revenue!

A major sports facility development that's been struck down in Collier County may still have life. 

The Board of Commissioners will take a close look at a study to answer an important question: What is Collier's need for another sports facility? 

The study mentions potential spots where the proposed facility could be located, noting the I-75 County Tract, City Gate, and North Collier Regional Park could accommodate recommends made in the plan, such as enough space for expansion. 

The previous proposal to bring the Braves to Collier was turned down because of a timing issue to build a stadium.

It Turns Out Purses May Be A Better Investment Than Real Estate

http://www.simplemost.com/turns-purses-may-better-investment-real-estate/?partner=scripps&partner-sub=WFTX&utm_source=facebook.com&utm_medium=partner&utm_campaign=scripps&utm_content=WFTX

Ladies buy that Chanel bag...it pays off! Make sure to diversify and buy real estate too!

8 critical trends in real estate

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=339648

It seems more than ever that our world is changing. Many of these issues I discuss on this blog, from Millennials to technology here are things to be aware of and follow since they will have an impact on real estate. 

1. Shifts in the world economy
2. Lending issues
3. Demographics
4. Increased urbanization
5. Unattainable affordability
6. Energy affecting development
7. The sharing economy
8. Online retail

Music video shows the young and hip side of Naples, Florida

http://www.naplesnews.com/entertainment/music/A-music-video-ode-to-Naples-Florida-384307481.html

I couldn't help but laugh when watching this video about Naples, however it does touch on some great features of Naples. Many people think its only old people here but this is a positive message from Ivan Magana, a sophomore at Florida SouthWestern State College. Magana said he wrote this song to showcase his love for the city.

"I just wanted people to stop thinking so negatively for a second and appreciate the lives they have here, because this place is an oasis compared to anywhere else you go."

Chilling in my city where life doesn't get better
Naples the oasis of beaches and sunny weather
Where they come to retire and everyone drives a Bentley

Why Starter Homes Are Disappearing

http://www.msn.com/en-us/money/realestate/why-starter-homes-are-disappearing/ar-AAhzTqo

I would agree with this there are not many starter homes available, especially in Collier County - right now in all of Naples there are only 18 single family homes between 150-200k. 

Back in 2000, 70% of all single-family homes were sold for under $200,000. Five years ago, the rate was 63%. This year, the rate is 48%. 

About 29% of three-bedroom homes purchased in the past 12 months are not owner-occupied; in most cases, they are now rentals.

4 Reasons Americans should care about Brexit victory

http://www.msn.com/en-us/news/us/4-reasons-americans-should-care-about-brexit-victory/ar-AAhA7WB?li=BBnbcA1

Its been quite a day around the world with the Bexit! Here are a few ways that Americans will be impacted.  The next few years should be interesting.

Citizens of the United Kingdom voted 52% to 48% Thursday in a referendum dubbed "Brexit" for Britain to exit the European Union.

Weakening of America's largest trading partner
Stock-market unrest
Loss of national security benefits
Bruised U.S. exports

4 Things to Consider Before Buying That Big Fancy House

http://www.msn.com/en-us/money/realestate/4-things-to-consider-before-buying-that-big-fancy-house/ar-AAhvyQU

A few things to think about before you try to get a home at your maximum qualified amount....you don't want to overextend yourself, one small change in life can cost you your home - sometimes it is better to give yourself a little cushion and opt for the smaller, lower cost home.

1. Job Stability
2. Payment to Income
3. Emergency Savings
4. Credit Score

New warning lights for rising home prices

http://www.msn.com/en-us/money/real-estate/new-warning-lights-for-rising-home-prices/ar-AAhxQMH

Between low rates, which allows people to have more spending power, rising prices, and rising rental rates home affordability is quite difficult for the majority of people.  It will be interesting to see what  happens when rates go up!

"We are seeing flashing yellow lights on affordability. People who are currently renting and want to convert into ownership — major difficulty," said Lawrence Yun, chief economist of the NAR. "Home prices are rising way too fast compared to people's income and wage growth."

Why a 30-year home mortgage may leave you house poor

http://www.msn.com/en-us/money/realestate/why-a-30-year-home-mortgage-may-leave-you-house-poor/ar-AAhniRV


You can save a ton of money with at 15 year mortgage rather than a 30 year and the payments are not that drastically different and you can get better rates. Read the article for more details but here is a quick glimpse of the month payment and interest differences!

Based on our purchase price of $260,000, the 20% down payment of $52,000, loan amount of $208,000 and interest rate of 3.70%, the monthly principal and interest (P&I) payment for the 30-year loan is $957.39.

For the 15 year loan: With an interest rate of 2.70%, the monthly P&I payment for the 15-year loan is $1,406.59.

(this does not include any monthly escrow payment for insurance and taxes that will be required by the lender.)

Millions of Americans spend half their income on rent

http://www.msn.com/en-us/money/real-estate/millions-of-americans-spend-half-their-income-on-rent/ar-AAhsJkG

Rents here in Collier County are sky high, it does put a strain on people - clearly is a nationwide issue.

According to a new annual report from Harvard’s Joint Center for Housing Studies, more than 11 million spend more than half of their income on rent, and more than 21 million families pay 30% of their income just to keep a roof over their heads.

Estero planning and zoning board OKs Genova community

http://www.naplesnews.com/news/local/estero-planning-and-zoning-board-oks-genova-community-35d0a526-c47f-7d3c-e053-0100007f407c-383886721.html?d=mobile

Its always great to see new communities being approved - this location is great!

six four-story residential buildings on nearly 17 acres at the southeast corner of Corkscrew Road and Via Coconut Point. The project — called Genova — would include 205 residential units, a clubhouse, fitness center, resort pool, indoor lap pool and bocce court.

6 Things You Think Add Value To Your Home - But Really Don't

http://www.msn.com/en-us/money/realestate/6-things-you-think-add-value-to-your-home-but-really-dont/ar-AAhoZKL?li=BBnbfcN

I always tell clients to remember that upgrades are typically done for your enjoyment and to think big picture and what your plans are for the future of the property. Sometimes sellers walk around and tell me how much the counters cost or the special grout in the tile, in reality it doesn't always pay for itself in resale. 

Swimming Pool
Overbuilding for the Neighborhood
Extensive Landscaping
Inconsistent High-End Upgrades
Wall-to-Wall Carpeting
Invisible Improvements

More Home Buyers Have Renovation in Mind

http://realtormag.realtor.org/daily-news/2016/06/22/more-home-buyers-have-renovation-in-mind?om_rid=AADG2i&om_mid=_BXauThB9O8zGV5&om_ntype=RMODaily


There are FHA loans that will now allow you to finance some renovations!  Appraisals still have to come in at value with planned renovation and you have to have licensed contractors so it can get tricky but if you are interested, I have some great people that can help with the mortgage!

Home owners say they are opting to renovate instead of buying a "perfect" home largely because they think remodeling is a more affordable option or could provide a better return on investment, the survey found.

Brexit Effect On US Real Estate: Why Millennials May Be Priced Out Of Some Markets

http://www.ibtimes.com/brexit-effect-us-real-estate-why-millennials-may-be-priced-out-some-markets-2383618

Our world is so intertwined - if the Brexit happens, it could be good for our markets.

Pricey New York real estate might get even more costly whether or not Britons vote to shuck their membership in the European Union, and millennials might see either more competition from foreign investors pricing them out of the market, or will benefit from falling interest rates — cheaper mortgages — engendered by a faltering global economy.

“There is a fairly strong consensus the British economy is going to be negatively affected by Brexit,” Mermelstein said. “Paired with what has been happening recently in the investment atmosphere, it's only going to put additional pressure on Britain as a place to invest.”

Should Britons vote to go it alone, the British economy is expected to slow, pressuring the pound sterling and bonds.

“The implication of Brexit taking place is that it is looking good for the U.S. market,” Mermelstein said.

Pimco says ‘storm is brewing’ in US commercial real estate

https://www.bostonglobe.com/business/2016/06/20/pimco-says-storm-brewing-commercial-real-estate/MPlf3itE6cne17OnrIhLXL/story.html

Should be interesting to watch what happens over the upcoming months....

US commercial real estate prices may fall as much as 5 percent in the next 12 months amid tightened regulations, a wall of debt maturities, and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report Monday. 

Signs of a cooling real estate market have emerged across the country since the start of the year. Commercial-property values in big US cities, which have seen the largest increases during the recent boom, have declined 3 percent in the past three months, Moody’s Investors Service and Real Capital Analytics Inc. said in a June 6 report.

13 Signs Your House Is Vulnerable to Being Robbed

http://www.msn.com/en-us/lifestyle/home-and-garden/13-signs-your-house-is-vulnerable-to-being-robbed/ss-BBtOj8F?li=BBnb7Kz#image=1

Many people in our area have a false sense of security if they live in a gated community here - but history in our area shows that the gates are easily circumvented and doors left on lock making it easy pickings for criminals! Here are a few more things to think about. 

YOUR FRONT DOOR - don't leave it unlocked! 

YOUR GARBAGE CANS- don't leave the new 60" box from the tv you just purchased on the curb

YOUR HEALTH-perscriptions medications are now a target for thieves 

YOUR STREET-If your home is secluded make sure you have fences and lighting 

YOUR WINDOWS - don't leave them cracked open and have them locked!

YOUR VACATION PICS - be careful what you post on social media

YOUR SOCIAL STATUS - be friends with your neighbors so they will watch over you

YOUR NEIGHBORHOOD'S CRIME HISTORY-keep tabs on the crimes in your area

YOUR ALARM-if you have one makes sure you set it

YOUR LOCK-put a deadbolt on home 

YOUR OUTDOOR LIGHTS-darkness makes your home an easy target

YOUR LANDSCAPING-don't have many places where thieves can hide!

YOUR MAILBOX-make sure to collect mail and packages daily

Decade after housing peaked: Owners richer, renters hurting

http://www.msn.com/en-us/money/realestate/decade-after-housing-peaked-owners-richer-renters-hurting/ar-AAhkiRU?li=BBnbfcN

Property ownership is a great way to build wealth! Rents are very high which makes renters stuck in their rentals since they are not able to save to purchase a home.

—Historically low mortgage rates have enabled homeowners to refinance and shrink their monthly payments, thereby reducing a major household cost. The median annual mortgage expense for a U.S. homeowner has dropped by $1,492 since 2006.

—A combination of foreclosures and new college graduates crowding into the strongest job markets has raised demand for rentals. Renters accounted for all the 8 million-plus net households the United States added in the past decade. Home ownership has dipped to 63.5 percent, near a 48-year low.

Creekside park with food vendors planned on Bayshore Drive

http://www.naplesnews.com/columnists/news/tim-aten-in-the-know/in-the-know-three60-market-plans-culinary-park-across-creek-in-naples-3581c85a-e31e-4f46-e053-010000-383547651.html

I love Three60 Market.  The wine deals and the grilled cheese are fantastic.  I am excited about Rebecca Maddox's vision.  I hope the city does not give her too much trouble!

"I see this street as the SoHo (an area of Manhattan know for artists' lofts and art galleries) of Naples. I don't want another Fifth. I don't want another Third, personally, or a Mercato. This should be the SoHo, the eclectic, artistic area. We need five more great restaurants. We need people to wake up in the morning and say let's go walk Bayshore and see what's going on because there's so many really neat things going on."

Gartner hopes to hire 900 in Fort Myers by 2019

http://www.news-press.com/story/money/2016/06/19/gartner-hopes-hire-900-fort-myers-2019/85934358/

I used to work for Gartner, it is a great place and seems to be growing very quickly. They have a young environment and great training.

“You have to be able to have long-range discussions with customers and nurture them for many months,” said Tony Krystofik, who directs the center for professional selling at the University of Dayton.

The approximate average age for a Gartner employee on the sales team in Fort Myers is 26. Walking into the cafeteria during the bustling lunch hour Thursday, it could easily be mistaken for the dining hall on a college campus. That youthful vibe is part of the appeal, and it can make the transition easier.

“It’s like being in college again, but you’re making 60, 70, 80, 100 thousand dollars,” Krystofik said.

12 Ways to Blow Your Home Sale

http://www.msn.com/en-us/money/realestate/12-ways-to-blow-your-home-sale/ar-BBtMokF#page=2
Some of these are so easy to change or fix in order to sell your home for top dollar!

1. Dirt and neglect
2. Odors
3. Clutter
4. No curb appeal
5. No home inspection
6. A cave-like atmosphere
7. Old carpeting
8. Ugly paint
9. Undone repairs
10. A too-high price
11. Popcorn ceilings
12. Brass

17 Things Homeowners Forget to Do Once a Year

http://www.msn.com/en-us/money/realestate/17-things-homeowners-forget-to-do-once-a-year/ss-AAhcZvW?li=BBnb7Kz#image=3

If you maintain your home consistently it won't be as overwhelming when you plan to move or sell. It is easy to forget a lot of these things but they are all important! 

DO A GENERAL WALK-AROUND
CHECK YOUR DRAINS & GUTTERS
SERVICE YOUR A/C
REPAIR & REPLACE YOUR WINDOW SCREENS
CLEAN & REPAIR YOUR DECK OR PATIO
REPAIR ANY PLUMBING PROBLEMS-TO-BE
TAKE CARE OF ANY INSECT PROBLEMS
CLEAN YOUR DRYER VENT
CLEAN YOUR GARAGE
CLEAN OUT YOUR DISHWASHER'S FOOD TRAP
HAVE YOUR FURNACE INSPECTED
HAVE YOUR CHIMNEY CLEANED
BUY YOUR WINTER TOOLS & GEAR
CLEAN YOUR BASEMENT & ATTIC
REORGANIZE & CLEAN OUT CLOSETS
TIGHTEN LOOSE SCREWS
LUBRICATE SQUEAKY HINGES

10 Signs You're in a Competitive Real Estate Market

http://www.msn.com/en-us/money/realestate/10-signs-youre-in-a-competitive-real-estate-market/ar-BBr3uUl

Even though our area has slowed a bit this year, anything under 300,000 is still subject to many of these situations.  Buyers need to be ready and realistic!

1. Cash is king
2. Bidding wars? You betcha
3. A city so hip it hurts (your pocketbook)
4. Escalation clauses
5. All about the extras
6. Sell price soars above asking price
7. Multiple offer
8. Snatched off the shelf
9. “Tidal wave” neighborhoods
10. Offer deadlines

The most and least valuable states

http://www.msn.com/en-us/money/realestate/the-most-and-least-valuable-states/ss-AAgNQNQ#image=12

We are the 4th most valuable state in the country, check out some more stats on us:

11. FLORIDA
Value of land per acre: $28,961
Total value: $1.02 trillion (4th highest)
Total acres: 35.3 million (24th highest)
Percent land mass rural: 86.2% (7th lowest)

The entire state of Florida is worth over $1 trillion, making the state the fourth most valuable in the nation. Nearly 15% of land in Florida is developed, one of the higher percentage compared to other states, and well above the 5.8% figure for the nation’s 48 coterminous states. As in most other states, Florida’s developed property accounts for a disproportionately high share of the state’s total value. The 14.8% of state acreage that is considered developed accounts for 65.8% of the state’s total land value.

Naples Area Real Estate Stats

http://campaign.r20.constantcontact.com/render?m=1101743794776&ca=823a265f-39fe-48dc-a757-8d46de952fd2

I think this is a little correction right now, pending and closed sales are down, and inventory is up! It is good to have it level out a bit.

CATEGORIES	MAY 2016	MAY 2015	CHANGE
Total homes under contract (pending sales)	921	977	-6%
Total closed sales	838	1,010	-17%
Median closed price	$338,000	$332,000	2%
Total active listings (inventory)	5,207	3,800	37%
Average days on market	73	75	-3%
Single-family closed sales	396	430	-8%
Single-family median closed price	$432,000	$427,000	1%
Single-family inventory	2,744	2,168	27%
Condominium closed sales	442	570	-22%
Condominium median closed price	$276,000	$268,000	3%
Condominium inventory	2,463	1,632	51%

Additional activity of interest in the NABOR® May 2016 Market Report includes:

• Overall pending sales in the $300,000 to $500,000 price segment increased 1 percent to 258 in May 2016 from 256 in May 2015.
• Overall pending sales for single-family homes in the East Naples geographic area (34114, 34117, 34120, 34137) increased 14 percent to 129 in May 2016 from 113 in May 2015.
• Overall closed sales in the Immokalee/Ave Maria geographic area (34142) increased 26 percent to 48 homes in the 12-months ending May 2016 from 38 homes in the 12-months ending May 2015.
• Median closed price for condominiums in the $2 million and above price category decreased 19 percent to $2,275,000 in May 2016 from $2,800,000 in May 2015.
• Inventory for single-family homes under $300,000 decreased 5 percent to 291 homes in May 2016 from 307 homes in May 2015.
• Inventory for condominiums in the $1 million to $2 million price category increased 92 percent to 190 in May 2016 from 99 in May 2015.
• Inventory for condominiums in the Naples Beach geographic area (34102, 34103, 34108) increased 71 percent to 638 condominiums in May 2016 from 373 condominiums in May 2015.
• Inventory for condominiums in the North Naples geographic area (34109, 34110, 34119) increased 66 percent to 673 condominiums in May 2016 from 406 condominiums in May 2015.
• Average days on market for single-family homes in the $1 million to $2 million price category saw the largest decrease, 38 percent, to 81 days in May 2016 from 130 days in May 2015.

And the Ugliest Color in the World Is …

http://realtormag.realtor.org/daily-news/2016/06/17/and-ugliest-color-in-world?om_rid=AADG2i&om_mid=_BXZEi4B9Oy88F4&om_ntype=RMODaily

Don't paint your home this color....

According to science, the most unpleasing, ugliest color ever made is a drab dark brown-green – more specifically Pantone 448 C opaque couché.

An Australian marketing company gfK Blue Moon was recently tasked with discovering the one color that would turn off buyers the most. It wanted to use the ugliest color on cigarette packs, which would lead to fewer sales and keep people away from them. They believe they found the answer to the color that would most likely keep buyers away.

Gateway Triangle high-rise condominium runs into turbulence at Naples Airport Authority board

http://www.naplesnews.com/news/local/gateway-triangle-high-rise-condominium-runs-into-turbulence-at-naples-airport-authority-board-356aff-383357281.html?d=mobile

With every project this large, there are hiccups. I hope they can find a resolution that works well for the airport and the development.

The airport board, citing concerns with flight safety, said the development planned for a five-acre parcel between Davis Boulevard and U.S. 41 East, near the airport, should have no building height greater than the maximum of 150 feet allowed by airport zoning.

6 Common Buyer Questions for Sellers

http://realtormag.realtor.org/daily-news/2016/06/14/6-common-buyer-questions-for-sellers?om_rid=AADG2i&om_mid=_BXYGlMB9Oqy8L4&om_ntype=RMODaily

Here are some things that buyers ask about homes!

1. How old is the home? When was it last renovated?
2. How old is the roof?
3. What structures or fixtures are included in the list price? For example, is the seller OK with the appliances, ceiling fans, swing set, window treatments, and shed being included in the sale? 
4. What are the home’s annual costs for upkeep? Provide estimates for electric, water, gas, trash, pool maintenance, lawn care, homeowners’ association, and any other regular fees associated with the home. 
5. How is the home heated or cooled? How old are the units? 
6. Are there any outstanding permits or liens on the property?

10 Cities Residents Never Want to Leave

http://realtormag.realtor.org/daily-news/2016/06/15/10-cities-residents-never-want-leave?om_rid=AADG2i&om_mid=_BXYcHUB9Otj36s&om_ntype=RMODaily

Well Florida seems to be a place that keeps people coming back for more, its easy to see why.

WalletHub analyzed 150 of the largest cities on 28 metrics, including price and recreation opportunities, to identify the top staycation spots in America.

1. Orlando, Fla.
2. Fort Lauderdale, Fla.
3. Tampa, Fla.
4. Salt Lake City, Utah
5. Scottsdale, Ariz.
6. Atlanta, Ga.
7. Las Vegas, Nev.
8. Minneapolis, Minn.
9. St. Petersburg, Fla.
10. Honolulu, Hawaii

Pros and Cons of a Second Mortgage

http://www.msn.com/en-us/money/realestate/pros-and-cons-of-a-second-mortgage/ar-AAgZj0E

If you have the cash sometimes you still want take a mortgage out here are a few things to think about right now.

Pros
Quick access to cash with favorable interest rates.
Ability to take on home improvement projects.

Cons
Fees associated with taking out a second mortgage
Risking your home.
Frivolous spending can lead to more debt.

10 WAYS TO GET THE BEST DEAL ON YOUR NEW HOME

http://www.msn.com/en-us/money/realestate/10-ways-to-get-the-best-deal-on-your-new-home/ss-BBtJrqW?li=BBnb7Kz#image=11

Here are ways to get the best deals however with some of these sometimes you don't always know what you get into and it can turn out to be more expensive than you thought post closing. 

1. FIND A GREAT LENDER AND THE RIGHT MORTGAGE FOR YOU
2. FIND A GOOD REAL ESTATE AGENT
3. DON’T USE A REAL ESTATE AGENT AT ALL
4. FIND THE LOWEST INTEREST RATE
5. ASK THE SELLER TO PAY CLOSING COSTS
6. GET YOUR MONEY’S WORTH IN EXTRAS
7. CONSIDER A FIXER-UPPER
8. CONSIDER NEW CONSTRUCTION
9. BUY DURING AN OFF-PEAK TIME
10. MAKE YOURSELF AN IDEAL BUYER

4 Alternatives to a Traditional Mortgage

http://www.msn.com/en-us/money/realestate/4-alternatives-to-a-traditional-mortgage/ar-BBtIpxT

Some of these are more difficult than they seem and may cost more however if you are unable to get a mortgage they they might be good options.  Be cautious what you agree too though in a contract and make sure you have someone on your side explaining things to you!

1. Borrowing From Your Whole Life Policy
2. Seller Financing
3. Borrowing From a Self-Directed IRA
4. Rent to Own/Lease Option

Mattamy Homes plans multifamily homes on long-vacant Bayshore Drive site in East Naples

http://www.naplesnews.com/business/local/mattamy-homes-plans-multifamily-homes-on-long-vacant-bayshore-drive-site-in-east-naples-352d886b-22f-382798471.html

Nothing has been approved yet however they are trying to build 6 unit buildings. Always exciting to see growth and investment in our area. The Bayshore corridor has been seeing great improvements in the past few years.

Canadian builder Mattamy Homes has acquired a 37.5 acre site in East Naples for $8.7 million. 276 units are proposed in six-unit multifamily buildings.

92% of Mortgaged Properties Have Equity

http://realtormag.realtor.org/daily-news/2016/06/13/92-mortgaged-properties-have-equity?om_rid=AADG2i&om_mid=_BXXvEhB9Ohm7R2&om_ntype=RMODaily

Great news across the board however Florida is still one of the higher states where there is Negative Equity. 

The states with the highest percentage of homes in negative equity are:
Nevada (17.5%)
Florida (15%)
Illinois (14.4%)
Rhode Island (13.3%)
Maryland (12.9%).

The states with the highest percentage of homes with positive equity in the first quarter are: 
Texas (98.1%)
Alaska (97.8%)
Hawaii (97.8%)
Colorado (97.5%)
Washington (97.2%)

Seller To Buyer After Closing: ‘I’m Not Leaving’

http://realtormag.realtor.org/daily-news/2016/06/13/seller-buyer-after-closing-i-m-not-leaving?om_rid=AADG2i&om_mid=_BXXvEhB9Ohm7R2&om_ntype=RMODaily

I have had some experience with this, and it is why I share the risks of not doing final walkthroughs and even lean away from doing post occupancy.  If they seller won't leave, you have to go through the eviction process - then hope they don't damage the home in the mean time.

Naples Opportunity - Price Reduction!

http://matrix.swflamls.com/matrix/shared/tdm13D7v2C/10303rdAveS

This seller is motivated - price reduction after only 17 days on the market - Remember, you can buy the yacht and dock with this home!

These otherworldly domes used to be a beach home

http://www.news-press.com/story/travel/nation-now/2016/06/12/marco-island-dome-home/85746330/

What in intriguing home, the goal is now to repurpose it as a reef.  The home once was on the beach and was self sustaining with erosion and past hurricanes it is estimated to be about 200 feet from land. It will be bittersweet to see them go, right now Collier Co fines have totaled over 780,000 since the structures have not been removed.

6 Mistakes Buyers Make In A Seller’s Market

http://www.trulia.com/blog/mistakes-buyers-make-in-sellers-market/

I see this happen over and over to buyers, they are not realistic and then miss out on the deal, usually they learn quickly once they miss out.

1. Not making your best offer
2. Waiting too long to put in an offer
3. Not working with a seasoned agent
4. Not being prequalified (or better yet, preapproved) for a loan
5. Not being prepared for a bidding war
6. Not learning from your mistakes

Home Prices Rise Again: The States With the Hottest Housing Markets

http://www.msn.com/en-us/money/realestate/home-prices-rise-again-the-states-with-the-hottest-housing-markets/ar-AAgTDLM#image=AAgTAzK|4


It is an interesting thing, home sales in quantity are going down yet prices are still increasing in Florida. Florida is No 6 in the hottest housing market!


Nationally, home prices increased 6.2 percent in April compared with the same month a year ago

NO. 6: FLORIDA

7.7% increase in home prices

Home sales in the Sunshine State edged down 0.6 percent in April, while townhouse and condo sales fell 5.3 percent. Still, the median price for all home types rose for the 53rd month in a row.

15 Cheap Home Repairs That Could Save You Thousands

http://www.msn.com/en-us/money/realestate/15-cheap-home-repairs-that-could-save-you-thousands/ss-BBtnE9M?li=BBnb7Kz

It is important to maintain your home for money saving on bill and for resale value. Little things to add up!

1. STOP TALKING AND START CAULKING
2. PERK UP THE PAINT
3. MAKE THE GRADE
4. FILTER YOUR FURNACE
5. STOP SEWER PROBLEMS
6. FLIP THE BREAKERS
7. INSULATE THE ATTIC
8. HELP THE WATER HEATER
9. SEAL THE SHOWER
10. GET SOME AIR
11. SERVICE THE SUMP
12. DIM THE LIGHTS
13. CLEAN THE GUTTERS
14. GLAZE OLD WINDOWS
15. PICK UP A PROGRAMMABLE THERMOSTAT

Housing economists: Expect a mixed picture over the coming year, with slower price growth

http://www.naplesnews.com/business/local/housing-economists-expect-a-mixed-picture-over-the-coming-year-with-slower-price-growth-34f30949-25e-382529601.html?d=mobile

The pros and cons in this article are pretty spot on, people are able to buy yet prices have been driven up too high.

On the optimistic side, he said that many drivers are likely to boost housing demand in the near future.
Since the recession, many consumers have seen their home equity rise, boosting their household wealth; seen an increase in job opportunities, and have repaired credit problems that arose during the recession.
But on the negative side, inventory shortages, including in Southwest Florida, have pushed up prices so high that the young people, burdened by student debt, are delaying both marriage and homeownership. Although they yearn to be homeowners, "they're just not in the game yet," he said.

Wing South Airpark in East Naples

http://www.naplesnews.com/community/marco-eagle/wing-south-airpark-a-home-where-the-skys-the-limit-349dc779-62f3-039a-e053-0100007f2286-382010941.html?d=mobile

I never knew we had a community like this in our area, right now there is one home for sale View in Portal

The community off Rattlesnake Hammock Road has 59 single family homesites, a pilots' lounge, and a 4,400 ft. long runway, paved and lighted. Signs along the road inside the gated community tell drivers that "taxiing aircraft have the right of way." Since the 1970s, Collier County's only airpark, or "fly-in community," has attracted pilots who want to be able to use their planes, fixed wing or helicopters, without having to travel to an off-site airport first.

The Crisis Of Affordability In Real Estate

http://seekingalpha.com/article/3981232-crisis-affordability-real-estate


Below is the summary from the article - affordability is a problem here in Collier County already but overall it appears that it will become more of an issue.

Summary

Two-thirds of the world's population is expected to live in cities by 2050, up from 54% in 2014, according to the United Nations.

Yet, as of the end of 2015, we found that housing for people in the middle of the income pyramid is unaffordable in most cities and countries that we studied.

In the short term, unaffordability in real estate markets may be considered a potential risk for institutional investors.

Rising home prices lift US wealth, even as stocks fall

http://www.msn.com/en-us/money/real-estate/rising-home-prices-lift-us-wealth-even-as-stocks-fall/ar-AAgR2Lb

The rising prices is increasing wealth overall, and per the article when it is housing increases the middle class wealth increases since homes are the source of middle class wealth.

The Federal Reserve said Thursday that U.S. household net worth increased 1 percent to $88.1 trillion in the first quarter. Americans' stock and mutual fund portfolios shrank $160 billion, while home values jumped $498 billion. Savings in certificates of deposit and other bank accounts also rose.

The rise in real estate values likely means the wealth increase was more widely shared than in many previous quarters, because home ownership is the primary source of middle-class wealth. Richer Americans rely more on financial assets.

Still Listed? 12 Reasons You Aren't Getting Your Asking Price

http://www.msn.com/en-us/money/realestate/still-listed-12-reasons-you-arent-getting-your-asking-price/ss-BBtFyI7

The 12 reasons need a little translating but I always tell clients no matter what, price fixes everything listed below...

NOT LOVING LAMINATE (not updated counters)
BAR NONE (no bar storage)
BANISH WEEDS (curb appeal)
GOOD FENCES MAKE GOOD SALES (people like fences)
CAN'T HAVE CARPET (people no longer love carpet)
PAVE PARADISE (driveway unpaved)
DRAFT DODGERS (fireplaces less desirable and drafty)
PUT YOUR HOUSE IN ORDER (clutter)
SCREEN SAVERS (torn screens)
REPAINT YOUR ROOMS (fresh paint does wonders)
LOOK UP (outdated fixtures)
LOCATION, LOCATION, LOCATION

CRE chief James Lee predicts 10 trends that will affect SW Florida real estate

http://www.naplesnews.com/business/local/cre-chief-james-lee-predicts-10-trends-that-will-affect-sw-florida-real-estate-34ca75b2-7297-5990-e0-382372381.html

With technology we are always changing so quickly what we want.  Sometimes it seems hard to keep up!

1. A changing global economy. 
2. A retrenchment of the debt capital market.
3. Shifting demographics.
4. Higher density and urbanization.
5. The political environment.
6. Housing affordability and credit constraints.
7. The disappearing middle class.
8. Unstable energy markets.
9. The sharing and virtual economy.
10. The rise of experiential retailing.

3 Reasons You Might Not Get An Advertised Interest Rate

http://www.msn.com/en-us/money/realestate/3-reasons-you-might-not-get-an-advertised-interest-rate/ar-BBt9ypq#page=1

So many things play into your rate, the type of home, the day you rate lock, credit scores, points, and much more.  Its important to have a mortgage lender that knows what they are doing.  I tend to avoid the big banks and use local lenders, I find they have better service and each state has different regulations - especially if it is condo.

1. Your credit score is less than excellent
2. You’re shopping for a vacation home
3. Your lender doesn’t want to get competitive

When Will the Investor Honeymoon with Real Estate End?

http://www.msn.com/en-us/money/realestate/when-will-the-investor-honeymoon-with-real-estate-end/ar-BBtYXYi

It look like investors are sticking around....Rental rates are very high right now so it is hard to justify selling if you purchased at a great price, stocks have been pretty volatile, & there are tax benefits of depreciation in real estate. Real estate is not as liquid as stocks but does provide cash with tenants in place. Here is an expceprt about a bubble, which I think is interesting. Some areas recovered and increased quickly its been a slow year in Naples this year....

Will there be another real estate bubble, and when will it burst? Experts agree that another bubble will come - that has been a cyclical reality in US real estate. But nobody sees it in the near-term horizon. A very few markets - possibly San Francisco, maybe Manhattan - are fingered by some as edging into bust bubble status. But most of the U.S. real estate market appears to be steady as she goes and very probably the same will be true for today's real estate investors.

Home Remodeling Boom: Here's How You Can Cash In

http://www.msn.com/en-us/money/realestate/home-remodeling-boom-heres-how-you-can-cash-in/ar-BBtVV6O


As I always tell people renovations are for your enjoyment and you don't always get the full value back in a sale but it does give you an edge against competition i the market:

How booming is the home improvement market? It's so popular that homeowners are expected to spend nearly $325 billion on remodeling and repairs this year, according to Harvard's Joint Center for Housing Studies.

Best Indoor Remodel Project: Kitchen
Worst Indoor Remodel: Closet Renovation
Best Outdoor Improvement Project: New Roof
Worst Outdoor Improvement Project: New Fiberglass or Steel Front Door

8 reasons to buy a 1,000-square-foot house

http://www.msn.com/en-us/money/realestate/8-reasons-to-buy-a-1000-square-foot-house/ar-BBtVHc1?li=BBnbfcN

I could easily see living in a 1000 square foot home by myself if the space is laid out well.  I just don't know if I could live in one with more than one other person....

1. Smaller tends to be more affordable
2. You save on utilities and other routine expenses
3. You can afford to be closer to the action
4. Upkeep is a breeze
5. It’s easier to keep clean
6. You can get creative with upgrades
7. By thinking creatively, you can still host large groups
8. Small homes just feel cozier

Bear’s Paw receives top honor for Nicklaus course renovation

http://www.naplesnews.com/sports/golf/southwest-florida-golf-column-bears-paw-receives-top-honor-for-nicklaus-course-renovation-341005de-6-382114561.html


How exciting, #1 in Floriday and it was ranked 3rd globally! Right now the lowest price unit in Bear's Paw is $215,000.

Golf Inc. Magazine announced last month that Bear's Paw County Club in Naples was ranked the No. 1 renovated private golf course within the state of Florida, as well as the third overall among global renovations.

How to buy a home while selling one

http://www.news-press.com/story/money/personalfinance/2016/06/05/how-buy-home-while-selling-one/84819980/

This article hits the nail on the head.  It can be tough to balance a sale and a purchase.  I used to do simultaneous closings frequently however that has become more challenging with the new financing regulations - having an agent on your side that knows the process and can oversee all aspects of the deal is imperative.

1. Work your social network for temporary quarters
2. Contingent offers: Not very many pros
3. A bridge loan or HELOC can get you from one house to the next
4. Twice the adventure
1. Use experienced, efficient real estate agents. Not your friends, but agents who will be proactive in the process.
2. Be aware of the market. Typically when it is easier to sell, it is hard to buy. And vice versa. Know which market you’re in, then work on the hardest part first.
3. Prepare as much as possible in advance. Your time will be limited, so have most of your possessions ready to move. If your current home needs repairs, get them done so this doesn’t hold up the sale.
4. Don’t get stuck on little things. Keep the big picture in mind — you want a sale and a purchase at or near the same time. This means that some things you might fixate on if only buying, or only selling, will need to take a back seat.

Top 10 Outdoor Features and What You’ll Pay

http://realtormag.realtor.org/daily-news/2016/05/31/top-10-outdoor-features-and-what-you-ll-pay?om_rid=AADG2i&om_mid=_BXTdgtB9OD8Dj6&om_ntype=RMODaily

Outdoor kitchens are incredibly popular here in Naples and it makes sense that the tiki bars are going to be in Key West. I would have thought that we would also take the private dock category however we can't win them all!

Treehouses
Premium: 5.2% higher than similar homes in the same ZIP code
Where you’ll most likely find them: Asheville, N.C.

Gazebo
Premium: 7.6%
Where you’ll most likely find them: McAllen, Texas

Putting green
Premium: 11.4%
Where you’ll most likely find them: Phoenix

Hot tub
Premium: 11.8%
Where you’ll most likely find them: Bend, Ore.

Tiki bar
Premium: 13.8%
Where you’ll most likely find them: Key West, Fla.

Tennis court
Premium: 14.6%
Where you’ll most likely find them: Los Angeles

Outdoor fireplace
Premium: 21.5%
Where you’ll most likely find them: Dallas, Texas

Outdoor kitchen
Premium: 26.2%
Where you’ll most likely find them: Naples, Fla.

Private dock
Premium: 44.7%
Where you’ll most likely find them: Traverse City, Mich.

Infinity pool
Premium: 56%
Where you’ll most likely find them: Kahului, Hawaii

What to Know About Leasing a Home Back to Its Previous Owner

http://www.msn.com/en-us/money/realestate/what-to-know-about-leasing-a-home-back-to-its-previous-owner/ar-BBtJUL5

I have had some experience with this, most of the time it works out well however I also have a horror story where the boyfriend of the seller refused to leave the home then did as significant amount of damage to the home....I always try to prepare clients that are considering this with best and worse case scenarios. Post occupancy can also have an impact on mortgages and insurance, so make sure that everyone is on the same page. Here are some tips from the article:

Ailion says it's more common to charge rent that roughly covers the carry costs (mortgage, utilities, condo or homeowners' association fees, etc.) for the new homeowner. And if the seller stays beyond the agreed upon occupancy date, the agreement might charge a daily rate of, say, 150 percent of the daily rate for each extra day, incentivizing the previous owners to move out. 

To avoid delays with possession, Acquafredda suggests that buyers considering a post-closing possession understand the sellers' situation. 

Ailion says buyers and sellers need to be comfortable with a little uncertainty, and the longer the timeline before the new buyer takes possession, the more uncertainty. "Both parties are taking some risk that it will work out the way they planned," he says. "People's circumstances may change over that time."

A decade after the bubble, home equity line delinquencies jump

http://www.msn.com/en-us/money/real-estate/a-decade-after-the-bubble-home-equity-line-delinquencies-jump/ar-BBtVhhh?li=BBnbfcN


We are still seeing the impact of the housing bubble!

HELOCs come with 10-year grace periods, so 2015 marked 10 years after the frothiest borrowings. In March, delinquencies were up 87% compared to a year ago among 2005 second lien HELOCs – those that stand behind a mortgage on the property – data provider Black Knight said Monday.

What's being built at 951 and Immokalee Road?

http://www.naplesnews.com/columnists/news/tim-aten-in-the-know/In-the-Know-Whats-being-built-at-951-and-Immokalee-Road-381910281.html


Just some work to improve the intersection!

Although you can expect commercial and residential projects to be built on that corner eventually, the work you are seeing there now is the start of a Collier County project to improve the intersection, which includes widening the bridge and the Collier Boulevard extension north of Immokalee Road.

Here's What You Need to Earn to Afford a House in the Top 20 Metro Areas

http://www.msn.com/en-us/money/realestate/heres-what-you-need-to-earn-to-afford-a-house-in-the-top-20-metro-areas/ss-BBtAm13#image=1

Orlando and Miami get a shout out in this article.


18. ORLANDO
Salary Needed: $47,665.67
Median Home Price: $207,600
Monthly Payment: $1,112.20

10. MIAMI
Salary Needed: $62,370.25
Median Home Price: $286,700
Monthly Payment: $1,455.31

Closing Problems Causing the Most Delays

http://realtormag.realtor.org/daily-news/2016/06/02/closing-problems-causing-most-delays?om_rid=AADG2i&om_mid=_BXUHsqB9ORdTWF&om_ntype=RMODaily

I always tell buyers and sellers there are 3 big hurdles in the process, first the inspection, second the appraisal, and third, the final loan approval.  Any piece can kill a deal,  renegotiation is possible but sometimes that doesn't work. Here are the biggest issues yet they homes still closed:

• Issues related to obtaining financing: 38%
• Appraisal issues: 22%
• Home inspection/environmental issues: 12%
• Titling/deed issues: 11%
• Contingencies stated in the contract: 10%
• Issues in buy/sell distressed property: 5%
• No problems encountered: 5%

Home Sellers May Have You Under Surveillance

http://realtormag.realtor.org/daily-news/2016/06/02/home-sellers-may-have-you-under-surveillance?om_rid=AADG2i&om_mid=_BXUHsqB9ORdTWF&om_ntype=RMODaily

I always watch what I say in a home, one of my clients had a camera and they would watch the showing appointments. In their defense, they had pets in the home they were concerned about however in negotiations it is important to be aware of where you are when you have serious conversations.

"Some home sellers also may be using the cameras to find out what real estate professionals and buyers have to say about their home."

The 10 Best Markets for Millennials

http://realtormag.realtor.org/daily-news/2016/06/03/10-best-purchase-markets-for-millennials?om_rid=AADG2i&om_mid=_BXUcyuB9OUZCj$&om_ntype=RMODaily

Well it doesn't look like the Millennials are flocking to Florida, the report was based on job markets and housing affordability.

NAR identified these top 10 metros as having the best housing markets for millennials:

1. Austin, Texas
2. Charleston, S.C.
3. Denver
4. Minneapolis
5. Ogden, Utah
6. Portland, Ore.
7. Raleigh, N.C.
8. Salt Lake City
9. Seattle
10. Washington, D.C.

Luxury high-rise condos announced near downtown Naples

http://www.naplesnews.com/business/local/luxury-high-rise-condos-announced-near-downtown-naples-344d4326-beb7-04d6-e053-0100007f9b4a-381708861.html?d=mobile


This is so exiting! It is going to be located in the Gateway Triangle which I have blogged about in the past. "The nine-story building, simply called Trio, will have 12 extended-stay hotel rooms and 24 residential condominiums overtop shops and restaurants."  I am surprised this is going to be happening so quickly "Construction is expected to start in October, with a 14-month build-out.". I am also surprised by the price point but it looks like the building amenities and private club are going to be amazing. "Prices range from $850,000 for a one-bedroom with a den to $2.69 million for a larger three-bedroom penthouse."

I have a lot more questions about the private club and amenities...hopefully they will release more info soon!

America’s Favorite Towns

http://www.msn.com/en-us/travel/tripideas/america’s-favorite-towns/ss-BBsVwNW#image=5

Naples is featured...again.  A shout out to Sanibel & Key West too, all within a short drive.

NO. 27: NAPLES, FL

This southwest Florida town struck readers as pretty serene: it ranked for being quiet, safe and relaxing. Plus, it scored perfectly for two non-stressful activities—boutique shopping (like the galleries and shops along Fifth Avenue South and Third Street South) and spas. A great choice for head-to-toe indulgence: the Ritz-Carlton Naples, where treatments include the bliss-inducing Organic Warmed Spiced Mud Wrap. If you come with the kids—the town ranked highly for families—stay at the La Playa Golf & Beach Resort, which is set on a nicely secluded stretch of sand, and has a kids’ club to keep the little ones well occupied. Adding to the placid vibes, the city ranked well for seeming pristine.

House flipping heats up, creating 'home price pressure cooker'

http://www.msn.com/en-us/money/real-estate/house-flipping-heats-up-creating-home-price-pressure-cooker/ar-BBtMlZA?li=BBnbfcN

In Collier Co there are not many good buys right now to flip. I rarely find them for clients since our market has been increasing and foreclosures and short sales are down. TV makes it seem easy however you really need to know what you are doing and how to keep your renovation costs low in order to see the profits. Most people I encounter want a low end home to do this with where sometimes the most money is to be made with an older high end property but that means a bigger financial risk!

"While responsible home flipping is helpful for a housing market, excessive and irresponsible flipping activity can contribute to a home price pressure cooker that overheats a housing market, and we are starting to see evidence of that pressure cooker environment in a handful of markets," said Daren Blomquist, senior vice president at RealtyTrac.

5 Solid Property Investments This Year

http://realtormag.realtor.org/daily-news/2016/06/01/5-solid-property-investments-year?om_rid=AADG2i&om_mid=_BXTxpwB9OPRxSH&om_ntype=RMODaily



These are not the typical things you think of when it comes to property investments however something to keep in mind!

Which property types are holding the most promise for investors this year? Experts from research firms Situs RERC, Reis Inc., Green Street Advisors, and Real Capital Analytics share with the National Real Estate Investor the property types that could prove to be the most profitable.

1. Senior Housing
2. Student Housing
3. Warehouses
4. Neighborhood Community Centers
5. Self Storage

One in Five Americans Has Sacrificed Spending To Make Rent

http://www.msn.com/en-us/money/realestate/one-in-five-americans-has-sacrificed-spending-to-make-rent/ar-BBtKqMr

I know we have this problem in Collier Co about rising rents and lack of affordable housing in general. 

Here is the poll:

A new poll conducted by Ipsos on behalf of Enterprise Community Partners finds that 21 percent of respondents had to cut back their spending to make their rent or mortgage, or that they were unable to pay their rent or mortgage over the past year. Of those respondents who were unable to pay for their housing, more than half cut back spending on their groceries (57 percent) and/or clothing (54 percent).

'Full House' on the Market for $4.15M

http://www.msn.com/en-us/money/realestate/full-house-on-the-market-for-dollar415m/ar-BBtKTth

I am curious if they are trying to sell the house at a fair price or if it is inflated due to the history of the home. The home is gorgeous, for some reason when I skimmed the pictures I expected it to look the same as it did in the show!  I guess thats nostalgia.

Here are some specs:

Built in 1883, it’s a Victorian-era Italianate with 3 bedrooms and 3.5 baths, plus an office and a large eat-in kitchen with an island and high-end appliances.

Collier County’s fees for new construction hitting modest homes harder

http://www.naplesnews.com/news/government/collier-countys-fees-for-new-construction-hitting-modest-homes-harder-33471a08-ddbc-7c96-e053-010000-381432111.html

There is a huge home affordability problem in Collier Co and the fees sure don't help! The article goes in depth about the history of the fees. Here are a few highlights:

"The issue is, it's obvious, you can't build a cheap home when fees are 10 percent of the home," Torres said. "Fees don't make any sense. How can a $5 million home pay the same as a $70,000 home?"

County commissioners last year began changing the 11 impact fees charged for new development, converting from a sliding-scale to a two-tier system to calculate the fees, which are more than $20,000. The new system will ensure that families building houses under 1,500 square feet are charged the same amount in impact fees as those building larger homes up to 3,999 square feet. New homes 4,000 square feet or larger pay only slightly more.

Impact fees, in general, work like regressive taxes that put more of a burden on the least expensive homes, said Steve Kirk, president of a nonprofit called Rural Neighborhoods that provides affordable housing.