Sunday, May 5, 2013

Just listed: 4603 SE 1st Ave, Cape Coral, FL 33904 for $159,900 via @realbird

Just listed: 4603 SE 1st Ave, Cape Coral, FL 33904 for $159,900 via @realbird

Just listed: 11006 Iron Horse Way, Fort Myers, FL 33913 for $234,900 via @realbird

Just listed: 11006 Iron Horse Way, Fort Myers, FL 33913 for $234,900 via @realbird

Just listed: 6978 Kimberly Ter, Fort Myers, FL 33919 for $156,000 via @realbird

Just listed: 6978 Kimberly Ter, Fort Myers, FL 33919 for $156,000 via @realbird

Just listed: 5307 Summerlin Rd 716, Fort Myers, FL 33919 for $57,900 via @realbird

Just listed: 5307 Summerlin Rd 716, Fort Myers, FL 33919 for $57,900 via @realbird

Just listed: 3000 Gardens Blvd, Naples, FL 34105 for $1,250,000 via @realbird

Just listed: 3000 Gardens Blvd, Naples, FL 34105 for $1,250,000 via @realbird

Just listed: 808 NE 7th Pl, Cape Coral, FL 33909 for $168,500 via @realbird

Just listed: 808 NE 7th Pl, Cape Coral, FL 33909 for $168,500 via @realbird

Just listed: OWNER FINANCING - 500 Pennfield AVE, Lehigh Acres, FL 33974 for $109,900 via @realbird

Just listed: 500 Pennfield AVE, Lehigh Acres, FL 33974 for $109,900 via @realbird

Wednesday, January 16, 2013

Foreclosure inventory

Foreclosure inventory falls 10% in one year
 The November Mortgage Monitor report released by Jacksonville-based Lender Processing Services (LPS) finds that the national foreclosure inventory dropped to 3.51 percent in November – an almost 10 percent decline from September 2012, when National Mortgage Settlement requirements began to influence the pace of first-time foreclosure starts.

However, LPS expects foreclosure starts to rebound as mortgage servicers incorporate new procedural requirements into their operations in the coming months.

According to LPS Applied Analytics Senior Vice President Herb Blecher, borrowers are benefiting from today’s historically low interest rates. “Comparing interest rates on new versus paid-off loans, we see that interest rates on the former are 1.5 percentage points below the latter,” says Blecher. “On average, this translates into new loan payments that are approximately $190 less per month than those of borrowers prior to paying off their loans.

Blecher also thinks more homeowners will avoid foreclosure in the future as HARP – the government program to help at-risk homeowners in foreclosure – expands to other mortgages.

Key results from LPS’ latest Mortgage Monitor report

* Total U.S. loan delinquency rate: 7.12 percent
* Month-over-month change in delinquency rate: 1.2 percent
* Total U.S. foreclosure pre-sale inventory rate: 3.51 percent
* Month-over-month change in foreclosure pre-sale inventory rate: -2.84 percent
* States with highest percentage of non-current loans (foreclosures and delinquencies as a percent of active loans): Florida, New Jersey, Mississippi, Nevada and New York
* States with the lowest percentage of non-current loans: Montana, Wyoming, South Dakota, Alaska and North Dakota

LPS manages performance information on nearly 40 million loans across the spectrum of credit products.

www.OnlyFloridaHomes.com
Diamond Award Winner Aaron Eyerman, Broker of Blue Water Realty inc of SW FL is considered a master listing agent, His marketing and international events have built a strong network. Eyerman has recently help a large group based out of Toronto, Canada secure a very unique property, Eyerman will be visiting Toronto Canada in the near future to host a local investment strategy seminar.
aaron@bluewaterrealtyofswfl.com

© 2013 Florida Realtors®

Buyers: Don’t just list a home – prepare it first



 To sell a home or get top dollar, sellers must look at their property through the eyes of a potential buyer. Consider the following five tips:

1. Get rid of clutter and Aunt Mary’s photo.

“Selling your house is about taking your personality out of it and having people going through it envisioning their own life and personality,” says Candice Olson, host of “Candice Tells All” on Canadian television station “W Network.”

It’s hard for buyers to imagine themselves in a home decorated wall-to-wall with photographs of people they do not know, and knick-knacks that hold no special meaning. In preparing a home for sale, all the things that personalize a home to the family within should be stored for the next home – including all the pictures and magnets on the refrigerator.

Olson says even art on the wall should be analyzed because people have different tastes. She recommends retaining any mirrors, however. “Art is very personal, but mirrors aren’t,” she says. “Mirrors are great for adding depth and dimension and visual space and light … it’s non-committal art.”

2. Focus on the kitchen and bathrooms.

Most buyers who fall in love with a kitchen fall in love with the house. However, that doesn’t mean sellers should invest in an expensive upgrade. The best kitchen is one that aligns with buyers’ tastes, and that’s not always one with upscale cabinets and granite countertops. At the least, the expensive of those upgrades may not come back to the owner in a higher selling price. Sellers should also focus on lighting.

Hilary Farr of the Toronto-based “Love It or List It” television show suggests spending upgrade money on refacing kitchen cabinets and counter upgrades, such as replacing the backsplash.

Olson has simple advice for any would-be seller considering a kitchen upgrade: “Is the juice worth the squeeze?”

3. Make your home look like a hotel suite – inviting but neutral.

Floors make a big impression because they’re big, the “first thing that strike you when you walk in the front door,” Farr says.

Bathrooms should look like a just-cleaned hotel room: New soaps, clean towels and perhaps some cut flowers. Beds should be made with neutral blankets or comforters.

Jonathan and Drew Scott, the “Property Brothers” on television, suggest that sellers consider a home stager. Stagers arrange furniture and furnishings or bring in their own to make the house look as appealing as possible to potential buyers.

“Staging is such a crucial part of it,” says Drew. “It’s just as important as any sort of renovation, because if a buyer can’t walk into a space and picture themselves living there, they’re not going to give you top dollar, for one, and they might just turn and walk away.”

4. Price the home based on market value, not your personal opinion

Do you need to recoup the money you spent at the market’s height in 2006? Buyers don’t care. Did you raise three kids in the home? Your fond memories aren’t worth anything to potential buyers.

Sellers have to switch from emotional attachments and see the sale of their home as a business decision. Realtors give unbiased opinions, and some home sellers even have an appraisal done before they list their home.

5. Focus on curb appeal first

If buyers love the outside of a house – their first impression – there’s a greater chance they’ll love the inside. Sellers can upgrade kitchens and bathrooms all they want, but if a buyer chooses not to enter the home because the outside doesn’t dazzle them, but upgrades won’t do any good.

Paint shingles, doors, garages and railings. Plant new shrubbery and trim existing greenery. In summer, mow the grass twice per week.

A new-looking exterior doesn’t have to be expensive to make potential buyers look twice.

Source: Sheryl Ubelacker, The Canadian Press
www.OnlyFloridaHomes.com
Diamond Award Winner Aaron Eyerman, Broker of Blue Water Realty inc of SW FL is considered a master listing agent, His marketing and international events have built a strong network. Eyerman has recently help a large group based out of Toronto, Canada secure a very unique property, Eyerman will be visiting Toronto Canada in the near future to host a local investment strategy seminar.
aaron@bluewaterrealtyofswfl.com

© 2013 Florida Realtors®