Monday, March 21, 2011
Jim Wiedl Joins Schooner Bay Realty, Inc.
As of March 2011 Jim Wiedl has joined Schooner Bay Realty, Inc.at their new offices in Cape Coral, Fl.
Schooner Bay Realty, Inc. has professional contacts with banks providing access to bank-owned property prior to them going on the open market! Also, given the bank contacts, Schooner Bay Realty, Inc. has a program in place to assist folks who are “upside down” between their mortgage and the value of the property.
As a buyers agent Jim will work on your behalf to find you the right property, be it for investment or personal use.
Jim will accomplish this in the following ways: 1 Evaluate your property needs and wishes. 2 Provide listings of current properties. 3 Develop a plan to view all the communities and properties that fit your criteria. 4 Provide unbiased information on each property or development. 5 Furnish a comparable sales listing history. 6 Assist with negotiations to obtain the best price. Jim does this in a relaxed, fun, no pressure manner, saving you time.
SpecialtiesForeclosures; Investments; Short Sales, Gulf Access
As of March 2011 Jim Wiedl has joined Schooner Bay Realty, Inc.at their new offices in Cape Coral, Fl.
Schooner Bay Realty, Inc. has professional contacts with banks providing access to bank-owned property prior to them going on the open market! Also, given the bank contacts, Schooner Bay Realty, Inc. has a program in place to assist folks who are “upside down” between their mortgage and the value of the property.
As a buyers agent Jim will work on your behalf to find you the right property, be it for investment or personal use.
Jim will accomplish this in the following ways: 1 Evaluate your property needs and wishes. 2 Provide listings of current properties. 3 Develop a plan to view all the communities and properties that fit your criteria. 4 Provide unbiased information on each property or development. 5 Furnish a comparable sales listing history. 6 Assist with negotiations to obtain the best price. Jim does this in a relaxed, fun, no pressure manner, saving you time.
SpecialtiesForeclosures; Investments; Short Sales, Gulf Access
Wednesday, December 22, 2010
EIGHT NEW REAL ESTATE PREDICTIONS FOR 2011
1.) New construction is back:
Three years of little or no new development is now showing slow signs of activity. A uptick is expected over 2010.
2.) Rental market will stay strong:
Demand will be greater than supply with nearly 95 % occupancy rate.
3.) Extablished neighborhoods:
Folks will look for communities that have mature landscaping while being closer to the city.
5.) Longer term buying:
Flipping as a moneymaker is not in the cards. Staying 10 years or longer are the thoughts when selecting property to live in and will result in a more careful decision making process. Reviewing floor plans and the ability to add on as the family grows will be on top of the list.
6.) More amenities:
Developers will be marketing more amenities to attract the new buyers. Outdoor space for grilling and fenced in yards for pets are a few on the list. A smaller footprint and a better design of the floor plan is also on top of the list.
7.) Technology:
Wired for the internet for entertainment systems and the ability to control lights, air conditioning, heat and monitor for security remotely will become in more demand.
8.) Smaller green/healthy homes:
The average size of a new home decreased for the first time in decades from 2008 to 2009, and that trend will continue into 2011. Folks will not be buying more than they need. Using products from recycled or sustainable building material are strong considerations by people with allergies and young children.
1.) New construction is back:
Three years of little or no new development is now showing slow signs of activity. A uptick is expected over 2010.
2.) Rental market will stay strong:
Demand will be greater than supply with nearly 95 % occupancy rate.
3.) Extablished neighborhoods:
Folks will look for communities that have mature landscaping while being closer to the city.
5.) Longer term buying:
Flipping as a moneymaker is not in the cards. Staying 10 years or longer are the thoughts when selecting property to live in and will result in a more careful decision making process. Reviewing floor plans and the ability to add on as the family grows will be on top of the list.
6.) More amenities:
Developers will be marketing more amenities to attract the new buyers. Outdoor space for grilling and fenced in yards for pets are a few on the list. A smaller footprint and a better design of the floor plan is also on top of the list.
7.) Technology:
Wired for the internet for entertainment systems and the ability to control lights, air conditioning, heat and monitor for security remotely will become in more demand.
8.) Smaller green/healthy homes:
The average size of a new home decreased for the first time in decades from 2008 to 2009, and that trend will continue into 2011. Folks will not be buying more than they need. Using products from recycled or sustainable building material are strong considerations by people with allergies and young children.
Saturday, November 27, 2010
Bottom or Not?
This is the question with no answer from the experts or anyone else. Remember real estate is local. This could never be more true. Today we may even see differences from one city block to another.
Several issues will need to go away in order for us to reach a normal environment. 1. Jobs. This uncertainty is holding back folks who are afraid to take on new debt. 2. Households. This number has diminished as folks have moved back to their folks, or even the folks moving in with their children. 3. Delinquent mortgages. Many banks are holding mortgages where payments are past due and are keeping some foreclosed properties off the market to keep prices from falling further. These properties have to flow through the system for a strong recovery to begin.
This is not to say that a buyer, in the right situation, should not purchase a property. In fact it is a great time to buy. A buyer who is going to live in the property or rent it as a investment has a great opportunity to acquire a great deal. It is not, however, a time to "flip" properties.
In Cape Coral, I see the waterfront single family homes recovering first. These properties can be purchased at 1990's prices!
This is the question with no answer from the experts or anyone else. Remember real estate is local. This could never be more true. Today we may even see differences from one city block to another.
Several issues will need to go away in order for us to reach a normal environment. 1. Jobs. This uncertainty is holding back folks who are afraid to take on new debt. 2. Households. This number has diminished as folks have moved back to their folks, or even the folks moving in with their children. 3. Delinquent mortgages. Many banks are holding mortgages where payments are past due and are keeping some foreclosed properties off the market to keep prices from falling further. These properties have to flow through the system for a strong recovery to begin.
This is not to say that a buyer, in the right situation, should not purchase a property. In fact it is a great time to buy. A buyer who is going to live in the property or rent it as a investment has a great opportunity to acquire a great deal. It is not, however, a time to "flip" properties.
In Cape Coral, I see the waterfront single family homes recovering first. These properties can be purchased at 1990's prices!
Thursday, February 18, 2010
It is predicted that in 2010 interest rates will beging to rise. Remember on a $400,000 mortgage, every 1/2 point increase will lower your buying power by $25,000. Also, by April 30, 2010 the incentive credits of $6,500 for existing home owners and $8,000 for new home owners will expire.
Saturday, October 24, 2009
Foreclosures
The amount of foreclosures will still be very high for 2010.
According to recent announcements by the U.S. Treasury Department, another wave of foreclosures is on the way in 2010. For the past year we’ve been digesting foreclosures and distressed properties and it looks like we’ll all be doing it for another year. In Lee County Florida some 60% of the sales have been foreclosures or short sales and we expect this to continue for another year or so.
According to recent announcements by the U.S. Treasury Department, another wave of foreclosures is on the way in 2010. For the past year we’ve been digesting foreclosures and distressed properties and it looks like we’ll all be doing it for another year. In Lee County Florida some 60% of the sales have been foreclosures or short sales and we expect this to continue for another year or so.
Thursday, November 20, 2008
CAPE CORAL FLORIDA BOAT LAUNCHES:
An alternative to owning expensive property on Gulf Access waterfront is to find a great deal and trailer your boat to the launch. This works especially good if you find property where you can store your boat behind the front of your house, or if you choose a smaller boat just store it in your garage.
Horton Park on Everest Parkway. (this location is midway between the North and South portions of Cape Coral on the East side of town.)
Cape Coral Yacht Club on Driftwood Pkwy. (this location is South of town with great facilities and a marina.)
Chantry Canal on 15th Terrace. (this is a new lock with parking and picnic tables, it is on the East side of town north of Veterans Pkwy)
Chiquita Lock. (there is a launch next to Rumrunners restaurant and is Southwest of town.)
Burnt Store Boat Ramp. (this is located in the Burnt Store development and is Northwest of town.)
An alternative to owning expensive property on Gulf Access waterfront is to find a great deal and trailer your boat to the launch. This works especially good if you find property where you can store your boat behind the front of your house, or if you choose a smaller boat just store it in your garage.
Horton Park on Everest Parkway. (this location is midway between the North and South portions of Cape Coral on the East side of town.)
Cape Coral Yacht Club on Driftwood Pkwy. (this location is South of town with great facilities and a marina.)
Chantry Canal on 15th Terrace. (this is a new lock with parking and picnic tables, it is on the East side of town north of Veterans Pkwy)
Chiquita Lock. (there is a launch next to Rumrunners restaurant and is Southwest of town.)
Burnt Store Boat Ramp. (this is located in the Burnt Store development and is Northwest of town.)
Labels: Cape Coral Boat Launchs
Friday, October 10, 2008
Home values:
It is Florida law that the value of a home for tax purposes be based on the value of homes in your neighborhood and not on the actual purchase price if it was a short sale or foreclosure. So if you purchased a home $50000-100000 below market, the assessor will still use the higher value.
It is Florida law that the value of a home for tax purposes be based on the value of homes in your neighborhood and not on the actual purchase price if it was a short sale or foreclosure. So if you purchased a home $50000-100000 below market, the assessor will still use the higher value.
