Top 5 Things You Should Know as a Home Seller about buyers!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral Home for Sale, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Fort Myers News, Fort Myers Real Estate, Home Selling tips, Homes for Sale SWFL, Lee County Homes, Real Estate Advice, Real Estate Market, Real Estate News, SWFL Home Sales, SWFL Home Selling Advice, SWFL Home Tips, SWFL Homes for Sale, SWFL Market News, SWFL Real Estate, Uncategorized

Home Selling Tips Cape Coral

Home Selling Advice Cape CoralTop 5 things home sellers don’t know about buyers, but need to.

  1. Home buyers decide to not buy your home before they ever see it in person.

Let’s face it, virtually no one buys a home site unseen. What sellers don’t realize however is that more than 90% of all buyers shop homes online. Now they may not decide to buy your home after only viewing it online, however they do decide NOT to buy your home after only viewing it online.

Case in point. Three of my last four buyers viewed less than 4 homes in person before entering into a contact to buy one of them. They weren’t uninformed buyers! They performed their due diligence online and didn’t waste time viewing homes in person that didn’t meet with their approval online. The quantity and quality of your online presence matters more than you know!

  1. When buyers actually visit your home in person, it’s just a commodity to them. A house if you will, but not a (their) home. Buyers establish an emotional connection to your house (now seeing it as their home) once they decide to sign their names to an offer to purchase. Never before though.
  1. Buyers who view you home in person, know in less than 5 minutes from arriving that they do not want to buy your home. 
  1. Buyers almost never offer as much for your home as they are willing to pay. They offer what they hope you might accept. How much they are willing to pay can only be determined after an effective negotiation. (If you’re not an experienced, highly effective negotiator who knows the local market inside and out, hire a Realtor who is.)
  1. Buyers are uncomfortable getting a feel for your home, when you are present during showings. Oh they may be polite, but they can’t wait to get out of there so they can say to their agent “wow that was weird”. Hint: if you must let them in, take a walk down the street so they can get a feel for your house to see if it might suit them as their home. Buyers shop within a range of specifications, but they buy based on emotion. It has to FEEL right!

bob-remax-sign

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like us on FacebookFollow us on TwitterView our profile on LinkedInVisit our blogFind us on YelpFind us on Google+

Bob Logo 400

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com

Like us on FacebookFollow us on TwitterView our profile on LinkedInVisit our blogFind us on YelpFind us on Google+

Experience Matters – I Can Help You Sell Your Home!

Posted in Beach Holidays, Bob Ashworth, Bob Ashworth Realtor, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral Condo For Sale, Cape Coral Home for Sale, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, Florida Housing Market, Florida Mortgage News, Florida Real Estate, Florida Real Estate News, Fort Myers News, Fort Myers Real Estate, Home for Sale SWFL, Home Selling tips, Homes for Sale SWFL, Housing Market Update, Real Estate Advice, Real Estate Investment, Real Estate Market, Realtor, Sell Your Home Now, Selling a Home in SWFL, Selling your Home, SWFL Foreclosures, SWFL Home Sales, SWFL Home Selling Advice, SWFL Home Tips, SWFL Homes for Sale, SWFL Housing Update, SWFL Market News, SWFL Real Estate

bob-remax-sign

Let the SWFL Real Estate Expert Help you Sell Your Home!

Bob Ashworth photo card 2Listening to a radio ad by John Morgan of Morgan & Morgan Law Offices reminded me that I work in a very similar way as Morgan & Morgan.

This particular ad focused on helping people with legal problem while shouldering all the expenses along the way. All of the legal filings, depositions, investigatory work etc. Mr. Morgan claims that he will do all the work necessary to reach successful conclusion to your case, or you owe him nothing!

This is the exact same offer that I pose to everyone of my sellers. I will use my knowledge, skills and experience to market your home. Guide you in contract negotiations, then manage the myriad of items necessary to reach a successful closing on your home, or you owe me nothing!

If you are thinking about selling your home, call me to discuss how my Unique Home Selling System will ensure that you get the most amount of money from your sale in the least amount of time that the market will bear.

If on the other hand you are planning to make a home, land, condo or new home construction purchase you’re in luck. As in virtually all cases, you can take advantage of my experience, tap my knowledge and in general have me help you make the right choice for you and your budget, and the seller or builder / developer, as the case may be, will pay my commission. Why would anyone you pass that up?

The bottom line is there is good experienced professional help available. If you buy or sell a 1/2 dozen homes a year, you may be able to go it alone. If you’re like most people who buy or sell a 1/2 dozen homes in a lifetime, call me to help you. On average I’m helping either a buyer or seller close on a Southwest Florida property 2 or 3 times a month, and have been for over 10 years. Experience matters! Put it to work for you..

Bob Ashworth Remax Realtor SWFL

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like us on FacebookFollow us on TwitterView our profile on LinkedInVisit our blogFind us on YelpFind us on Google+

Business Card 2014

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
Southwest Florida, Gulf access, waterfront, Lots, Homes & Condos
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com

Like us on FacebookFollow us on TwitterView our profile on LinkedInVisit our blogFind us on YelpFind us on Google+

Condo for Sale SE Cape Coral

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral Condo For Sale, Cape Coral Home for Sale, Cape Coral News, Cape Coral Permit News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, Condo for Sale, Featured Listings, FL, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Fort Myers News, Fort Myers Real Estate, Home for Sale SWFL, Homes for Sale SWFL, Housing Market Update, Lee County Homes, Mortgage News, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, Realtor, Sell Your Home Now, Selling a Home in SWFL, SWFL Condo for Sale, SWFL Home Sales, SWFL Home Selling Advice, SWFL Homes for Sale, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate, SWFL Real Estate Investing

4608 SE 6TH AVE 1

Today we want to share with you our latest #SWFL listing – a nice and affordable 2 bedroom condo in SE Cape Coral!

4608 SE 6TH AVE 3 4608 SE 6TH AVE 4

4608 SE 6TH AVE #2A, CAPE CORAL, FL 33904

$64,900   Beds: 2, Baths: 2, Sq. Ft.: 1,017     Listing #216009725

4608 SE 6TH AVE 10 4608 SE 6TH AVE 9

4608 SE 6TH AVE 8  4608 SE 6TH AVE 7

4608 SE 6TH AVE 6  4608 SE 6TH AVE 5

4608 SE 6TH AVE 2

Welcome to this affordable 2/2 condo in SE Cape Coral. The home features a convenient location, laundry in unit and low monthly condo fees. This nice affordable condo is ready for a new owner to move right in. Call Bob Ashworth to schedule a showing or get additional information. 239-425-2503 Click here to view more.

AnythingLessBanner

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, connect with us on Google+, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like us on Facebook   Follow us on Twitter  View our profile on LinkedIn  Visit our blog  Find us on Yelp   Find us on Google+

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com

Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog Find us on Yelp Find us on Google+

Average Days on Market to Sell a Home

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home SWFL, Cape Coral Home for Sale, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Home for Sale SWFL, Real Estate Advice, Sell Your Home Now, Selling a Home in SWFL, Selling your Home, SWFL Home Sales, SWFL Home Selling Advice, SWFL Home Tips, SWFL Homes for Sale

Home Sales Tips SWFL

Everyone want to know how long it takes to sell a home!

I get asked a lot – How long will it take to sell my home? or What is the average days on the market to sell a home?

Homes for Sale Cape Coral FLWhat is the average days on the market? Is a question on most sellers minds prior to listing their home for sale.

They confuse 90+/-  days of average time on market with meaning that most homes, or more importantly their home will take 90 days to sell. 90 days average means that many homes (the ones that were priced right) sold in the first 2 to 4 weeks on the market, however many others sat on the market unsold for 4, 5, or 6 months or more, which then helps comprise the average days.

If the Realtor that you are interviewing concurs that the average days on the market are, whatever they are, and that yes you should expect to sell in and around that time frame, you need a different Realtor!

Besides who wants average anyways?

Home ValueHere’s the bottom line. A home that is priced right for the current market, well exposed and marketed with good quality photo’s and a virtual tour, should expect to be under contract, or pending sale as some call it, within the first 2-6 weeks max on the open market.

In most markets and certainly here in my market in SW Florida, Cape Coral, Fort Myers and Lee County there is a large pool of buyers anxiously waiting for the right home for them to come on the market. Most buyers do their due diligence of visiting many homes before making a purchase decision. So the supply of homes that is on the market and therefore “unsold” for one reason or another, has been vetted by the pool of buyers. When we list a new home for sale that is priced right, boom! The pool of buyers immediately notice the new listing. If we hit the price right, multiple showings will begin and offers to purchase will follow.

The bottom, bottom line! Most sellers are unwilling to accept what the true value of their home is when they first list it for sale. So, we list a little higher than we should, then after 4-8 weeks when the seller begins to realize that maybe it’s priced higher than the buyers are willing to pay, they agree to reduce it. Homes are not like beef or wine. They don’t need an aging process to make them more enjoyable or desirable.

How many days will your home be on the market? Well that’s entirely up to you.

bob-remax-sign

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like us on FacebookFollow us on TwitterView our profile on LinkedInVisit our blogFind us on YelpFind us on Google+

Business Card 2014

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com

Like us on FacebookFollow us on TwitterView our profile on LinkedInVisit our blogFind us on YelpFind us on Google+

Getting the Most Money for your Home!

Posted in Bob Ashworth, Bob Ashworth Realtor, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Fort Myers Real Estate, Home Selling tips, Home Tips, Real Estate Market, Sell Your Home Now, Selling your Home, SWFL Home Selling Advice, SWFL Home Tips, SWFL Real Estate

SWFL Home Selling Tips

Pricing your home to sell for max amount.

There are a number of important factors to selling your home for the highest amount of money possible. Effective marketing of course is important, but so is pricing the home correctly for the market conditions that exist.

Cape Coral Remax Homes for SaleIn my business of listing homes for sale in and around Cape Coral & Lee County, Florida, I encounter sellers all the time who are unwilling to price their home for the market. There’s a plethora of excuses though mostly it’s due to a lack of understanding of what it actually takes to sell a home.

Most sellers think that they have to leave enough room between their list price and the price that they are willing to sell for so that the buyer can feel like they made a good deal in the negotiation. While it’s true that buyers rarely offer what they are willing to pay, they are also expecting the seller to counter offer and meet somewhere in the middle. Let me clarify that by saying somewhere in the middle doesn’t necessarily mean the middle. It just means not the list price, but certainly not the offer price. There’s more to it than that.

Nearly all buyers get to know the market by home shopping for a bit before finding the home they wish to offer on. They are at a distinct advantage over the sellers who typically haven’t actually seen any homes on the market other than their own.

Sellers and buyers for that matter, aren’t necessarily skilled at the art of negotiation. Oh sure most of them think they are, but they don’t know what they don’t know.

A couple of recent scenarios come to mind.

Lee County Home Selling tipsScenario #1

The first one is a nice listing in SW Cape Coral not on a canal but in a desirable neighborhood across from sailboat access to the Gulf of Mexico canal homes. My discussion with the owner prior to listing was about, of course, my marketing plan – My Unique Home Selling System. We also discussed my professional opinion of the homes market value along with data to support my opinion. The opinion was that the home’s fair market value was right around $250,000. Maybe a little more maybe a little less, but not less than about $245,000. I recommended a list price of $259,000, the seller insisted on $269,000. So I listed the home at $269,000 with the caveat that if that price doesn’t work with the buyers after a couple of months that we would have to reduce it to get it sold.

A home priced right is half sold!

So even though this home was just a little overpriced, we never got any offers on it. We had a number of showings. Fifteen plus in fact, but no offers. Finally after nearly 6 months on the market the seller reluctantly agreed to reduce the list price to my originally suggested price of $259,000. Miraculously within 2 weeks we had a good solid offer in hand. A negotiation ensued and we were able to get the buyer to pay $254,000. We didn’t need to wait six months for the same outcome that we could have attained earlier had we priced it right from the start or shortly there after.

So, don’t hire a professional to help you get a job done, then ignore his counselling. It’s just a waste of everyone’s time.

Selling Tips SWFLScenario #2

A recent listing where the seller is motivated to sell but needs to get every last dollar possible as he is forced to sell at a loss. My professional opinion on the value of his home is $114,000 +/-. I indicated that we might need to price it at $119,900 to get activity, but let’s try $125,000 to start as I never want to under price a home. Low and behold 2 weeks into the listing, hundreds of online views by buyers, though not a single showing request.

I advised the client that we should now reduce to the $119,900 price point to stimulate activity. He took my advise and granted the reduction. Within 8 hours we had 2 showings set up. Within the first week at the new price we’ve had 6 more showings with a couple of buyers considering an offer.

How can I help you realize your highest sale price possible? Lets get together for a no pressure market analysis and marketing plan where we can discuss your situation.

SWFL Remax Real Estate Services

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, connect with us on Google+, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like us on Facebook   Follow us on Twitter  View our profile on LinkedIn  Visit our blog  Find us on Yelp   Find us on Google+

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com

Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog Find us on Yelp Find us on Google+

Florida News – Disaster Ratings Report

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL Real Estate Market Update, Florida Housing Market, Florida Mortgage News, Florida Real Estate, Florida Real Estate News, Housing Market Update, Real Estate Market, Real Estate News, Realtor, SWFL Home Selling Advice, SWFL Market News, SWFL News, SWFL Real Estate

Disaster Map

As always, I’m happy to share useful and valuable information to my blog readers about the Real Estate Market and our SWFL area. Today I would like to share this information about the Natural Disaster Housing Risk Report by RealtyTrac that recently came out. Fortunately for those of us living here in Southwest Florida we haven’t had a serious hurricane in a long while but it’s good to know where we stand on the Disaster Risk Ratings Map. We are currently in Hurricane season so it is advised to stock up and be prepared, just in case. Stay tuned to our blog for more information about Hurricane Preparedness, coming soon!

Hurricane WarningRealtyTrac releases first-ever disaster ratings

IRVINE, Calif. – June 18, 2014 – RealtyTrac released its first-ever Natural Disaster Housing Risk Report, which assigns a natural disaster risk score to more than 3,000 county housing markets nationwide.

Scores assigned to each county’s housing market were based on risk data for three natural disaster events – hurricanes, tornados and earthquakes – and each county was assigned to one of five risk categories based on their score: Very High, High, Medium, Low, and Very Low.

Of the 3,138 U.S. counties analyzed in the report, 373 were classified as Very High Risk, representing 12 percent of all counties. The total number of housing units in those counties was 10.6 million, 8 percent of total U.S. housing units.

However, Florida – which has a reputation for hurricanes – had no counties in the Very High Risk category. Most of the state, and almost the entire coastline, is Medium Risk. While hurricanes do sometimes target Florida six months out of the year, the state faces largely only one type of natural disaster.

One exception to the rule is upper Central Florida, which has occasional tornadoes. Those counties fall into the High Risk category, along with coastal areas around Cape Coral and Pensacola.

Nationally, 271 counties fell into the Very Low Risk category with 3 percent of total U.S. housing units.

The biggest percentage of counties and housing units fell into the High Risk Category: 1,118 counties representing 47 percent of total U.S. housing units. There were 511 counties in the Medium Risk category, 23 percent of the total; and 865 counties in the Low Risk category, representing 19 percent of the total.

“In the past natural disaster data was technically available, but difficult for buyers and homeowners to dig up; however, now the data is readily available online for virtually any U.S. property, and buyers should take advantage of this,” says Daren Blomquist, vice president at RealtyTrac.

RealtyTrac Disaster report

To view a heat map that breaks down county disaster risk, visit the RealtyTrac website.

© 2014 Florida Realtors® Click here to view original article.

bob-ashworth-banner-ad-1

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

New Home Industry is Looking Up!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Homes for Sale SWFL, Job Growth, Jobs SWFL, Lee County Homes, New Home Construction, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, Realtor, Selling your Home, SWFL Home Sales, SWFL Home Selling Advice, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

new-home-construction

New home industry really coming back?

wink-logoFORT MYERS, FL–New numbers paint a dramatic picture for the home building industry. Local home builders say sales are better than they have been in years.

BeckyNordan recently built a brand new home in Cape Coral. Her realtor, Craig Young, says building new is now a big trend.

“Essentially we have a shortage of supply and people are looking for a new product,” said young.

SWFL New Home ConstructionThe numbers seem to back that up. For the first time in seven years, more home builders say sales are good, not poor.

“We are seeing very good traffic count in our model centers and people are buying homes,” said Jonathon Pentecost of DR Horton Homes.

DR Horton is just one builder who is doing extremely well in southwest Florida. Right now they have 371 homes under construction and that’s triple the number at the same time last year.

“We are seeing a lot of confidence from the buyers, we are seeing good sales numbers month over month and our homes are selling,” said Pentecost.

From January to May in Lee County there have been 347 single family home building permits issued. Last year during that time, the number was just under 200.

“We are still cautiously optimistic, but we are really happy about what we are seeing on the horizon right now,” said Heather Mazurkiewicz with Lee Building Industry Association.

Cape Coral New Home ConstructionWith all the construction comes new jobs. Stats say for every one home built, three jobs are created.

“That is a significant amount of jobs that the industry is creating right now,” said Mazurkiewicz.

“The current market right now that is really booming is $150,000-$250,000 on the off water pool homes,” said Young.

Nordan says building new actually saved her money.

“We thought it was a better bargain than some of the re-sales we looked at,” she said.

Some of the smaller home builders also said conditions have dramatically changed, but say if interest rates spike again, the recent success could come to an end. Click here to view original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

Review us on Yelp

Is it cheaper to Rent or Buy?

Posted in Bob Ashworth Realtor, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Buying Questions, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Homes for Sale SWFL, Lee County Homes, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, Realtor, Rent Vs. Buy, Sell Your Home Now, Selling your Home, SWFL Home Sales, SWFL Home Selling Advice, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate, SWFL Rentals

rent-vs-buy

Cheaper to own than rent regardless of mortgage rate

Trulia’s Winter 2013 Rent vs. Buy Report looked at homes for sale and for rent on Trulia between Dec. 1, 2012, and Feb. 28, 2013, and compared the costs, factoring in transaction costs, taxes and opportunity costs. For home-ownership costs, study authors assumed a 30-year fixed-rate mortgage, 20 percent down, itemizing tax deductions at the 25% bracket and a stay of seven years in the home.

Overall, buying a home is 44 percent cheaper than renting nationwide – down just slightly from 46 percent in 2012. In each of the 100 largest metros, buying is more affordable than renting, though it ranges significantly – from 70 percent cheaper to buy than rent in Detroit to only 19 percent cheaper in San Francisco.

Florida Real EstateIn the 10 Florida markets checked by Trulia, savings ranged from 40 percent to 60 percent. The include: 

  • Miami: 43% cheaper to buy
  • Fort Lauderdale: 53% cheaper to buy
  • West Palm Beach: 56% cheaper to buy
  • Cape Coral-Fort Myers: 45% cheaper to buy
  • North Port-Bradenton-Sarasota: 51% cheaper to buy
  • Lakeland-Winter Haven: 55% cheaper to buy
  • Palm Bay-Melbourne-Titusville: 50% cheaper to buy
  • Orlando: 51% cheaper to buy
  • Tampa-St. Petersburg: 55% cheaper to buy
  • Jacksonville: 54% cheaper to buy 

Individual own-versus-rent savings will vary depending on details, but Trulia posed an adjustable map on its website.

Visitors can change the map to suit their circumstance by choosing the mortgage rate they expect to pay (3.5%, 4.5% or 5.5%), their IRS tax bracket (none, 15%, 25%, 35%) and the length of time they expect to be in the house. The map then changes its buy-versus-rent estimates based on input.

For example, changing a Miami buy-versus-rent decision to a three-year stay, 15 percent tax bracket and 5.5 percent mortgage interest rate makes it wiser to rent for a 1 percent savings.

“People who didn’t buy a home last year may have missed the bottom of the market, but they haven’t completely missed the boat,” says Jed Kolko, Trulia’s chief economist. “Buying remains cheaper than renting in all 100 large metros. Even buyers who can’t get today’s lowest mortgage rates will still find that buying makes more financial sense than renting in nearly all local markets – so long as they can get a mortgage in the first place.”

Rent vs Buy

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

Bob Ashworth Realtor SWFL

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Sincerely,
Bob Ashworth
Your Real Estate Solutions Provider

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

SWFL Home Prices on the Rise!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Homes for Sale SWFL, Lee County Homes, Real Estate Advice, Real Estate Market, Real Estate News, Realtor, SWFL Home Sales, SWFL Home Selling Advice, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

SWFL Real Estate News

I’m always on the lookout for what’s happening in the Southwest Florida Real Estate Market so I can share it with you in this space. You don’t have to dig through newspapers or surf the net to find out what’s happening and what direction you should take.  Just subscribe to my blog and give me a call for FREE advice!

Will area real estate prices climb to boom time peak?

Real Estae News

If the housing market continues at its current rate of appreciation — a combination of strong demand from buyers and dwindling supply of homes for sale — prices could be back to their boom-time peak within seven years, according to a new analysis of data by the Herald-Tribune.

Herald TribuneWith the price of residential real estate quickly rising, a sequel to the days when Southwest Florida’s home values reached historic heights may not be that far away.

If the housing market continues at its current rate of appreciation — a combination of strong demand from buyers and dwindling supply of homes for sale — prices could be back to their boom-time peak within seven years, according to a new analysis of data by the Herald-Tribune.

But market watchers are split about whether the volatile market — now driven by baby boomers and institutional investors snapping up foreclosures — can sustain its current trajectory.

“Prices are definitely going up everywhere right now,” said Shannon Moore, broker and owner of Green Lion Realty in North Port, who represents foreclosure investors. “I see that continuing for at least the next three years.”

This rise in values has been fanned by sales that in February rose to a pace of 983 existing single-family homes in Sarasota, Manatee and Charlotte counties.

That was a 9 percent increase from January and an 11 percent jump from the same month a year ago.

The recent experience in the market has allowed sellers to raise the price tags on their listings and banks to leave their foreclosure auctions with stronger returns.

Surges and dips

In Sarasota County alone, median home prices grew an average of $22,767 during the past three months when compared with the same period last year.

At that pace, the county’s median sales price of $184,500 in February would climb back to its level in eight years ago by 2020, according to a Herald-Tribune review of Realtor data.

In Manatee, the $180,000 February median would pass its boom-time values by 2021, using the same equation to project values.

Charlotte County, hit hardest by the crash and slower to recover, would not see its $116,000 February median reach boom-time levels until after 2022, the Herald-Tribune analysis shows.

To be sure, it is unlikely that the market will continue growing at this exact pace. There will be surges and dips that are bound to detour growth.

The Herald-Tribune’s methodology also is limited, too, because not all real estate sales in a given month include similar properties.

But anything approaching such a recovery in pricing is one that most in the industry would have scoffed at just a year ago.

“We still have a long way to go to get back to these numbers,” said Peter Crowley, broker and co-owner of Re/Max Alliance Group in Sarasota and Manatee. “We will continue to see moderate appreciation for the foreseeable future, but it will be a sustainable pace that’s healthier for real estate markets.”

Distressed inventory 

Several speed bumps stand in the way.

The first is an estimated shadow inventory of 11,102 foreclosures expected to hit Southwest Florida’s housing market during the next few years, according to RealtyTrac Inc., which tracks the distressed property phenomenon.

Along with a sharp uptick in new home building activity, many experts expect those foreclosure properties to ease the tight supply before housing prices get out of control.

If prices do hold up long enough to restore equity to pre-boom-time values — or even come close — it could trigger a rush of new listings from borrowers who had been stuck in an underwater home for nearly a decade, other market experts predict.

Just as a tight market has bolstered pricing, too large a supply could push them lower.

To some, there also are questions about how long the market’s ferocious demand can last.

“We still have a lot of distressed inventory, and furthermore, at some point the national economy has to begin wrestling with the debt service,” said Dennis Black, a real estate consultant in Port Charlotte. “The price increase we have been seeing, particularly from the Wall Street funds, is speculation at its highest level.”

Investor-driven 

At the heart of the price increases is a demand for real estate in Southwest Florida only rivaled by the boom years of 2003 to 2005.

The more recent buying surge has been led largely by baby boomers, who had put their Southwest Florida retirement on ice for several years to wait out the Great Recession.

They are again trekking to Florida, feeling empowered to buy through gains made on Wall Street and improved values for the northern homes they have finally been able to sell for a reasonable return.

But by far the biggest driver of Southwest Florida’s recent real estate appreciation has been institutional investors — like New York powerhouse Blackstone Group and Colony Financial — which have been buying foreclosures by the score for use as rentals.

Because those companies are paying as much as 45 percent more for their purchases than the homes are worth — as determined by appraisers through comparable properties in those neighborhoods — these recent foreclosure-buying sprees are forcing some smaller investors and other homeowners to overpay for their purchases.

Those inflated purchases will now become the new standard for real estate “comparables” used by appraisers — leaving values that are much higher than market conditions would otherwise merit, said Jack McCabe, a real estate consultant in Deerfield Beach.

“We’re going to go through the whole thing we did last decade all over again,” McCabe said. “Except, while last time it was the flippers and speculators pushing the market up, now it’s these hedge funds.”

McCabe said he expects the institutional investors will continue to artificially boost prices in Southwest Florida for three more years, at which point he predicts the Federal Reserve will begin to loosen the cap on interest rates, prompting those companies to then sell off their rental homes.

By that point, prices will be so high, buyers could be once again forced to take out an adjustable rate mortgage for their deals, McCabe said.

In that worst-case scenario there could be the makings of another foreclosure crisis, McCabe contends, with buyers overextending themselves to grab a piece of the real estate frenzy. If his vision holds true, prices would then fall.

But others are more sanguine about the industry’s future, noting that lending requirements are still extremely tight and many buyers are still coming to the closing table with cash.

“Prices are creeping up a little everywhere, but it’s not at an alarming rate,” said Ron Cornette, Wagner Realty’s marketing director. “Short sales and foreclosures are still easing things a little, and I just don’t think we’re going to get back to 2004 or 2005 anytime soon.”

SWFL map

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Sincerely,
Bob Ashworth
Your Real Estate Solutions Provider

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Markets are looking good!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, Florida Real Estate, Fort Myers Real Estate, Home Selling tips, Homes for Sale SWFL, Lee County Homes, Real Estate Advice, Real Estate Investment, Real Estate News, Realtor, SWFL Home Sales, SWFL Home Selling Advice, SWFL Housing Update, SWFL News, SWFL Real Estate

SWFL Real Estate News

Improving markets surge 60% in Dec.

WASHINGTON – Dec. 7, 2012 – The number of housing markets considered “improving” in the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) surged by 76 – to a total of 201 metros – in December. The number of states (plus the District of Columbia) represented by at least one metro increased from 38 to 44.

For the index to consider a city “improving” for the index, it must have shown growth from its respective trough in housing permits, employment and house prices for at least six consecutive months.

While the list grew by 76, a total of 84 new metros were added. The number was offset by eight cities that dropped off the list, though none were in Florida.

Housing Market Trends“The big gain in improving markets this December indicates that key measures of housing and economic strength have now been holding steady or improving in metros across the country for six months or more, which is an important signal of stability amidst the slowly emerging recovery,” says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. “The main thing that’s limiting progress … is difficulty that potential buyers continue to experience with overly tight mortgage qualifying standards.”

The index has improved for four consecutive months, and over half the cities are now “improving.”

“In general, we expect the overall housing recovery to continue expanding in 2013,” says NAHB Chief Economist David Crowe. “However, that is absent a major policy change of the kind that some policymakers have been discussing with regard to the mortgage interest deduction.”

The IMI measures three sets of independent monthly data to get a mark on the top improving Metropolitan Statistical Areas (MSAs). The three indicators are employment growth from the Bureau of Labor Statistics, housing price appreciation from Freddie Mac and single-family housing permit growth from the U.S. Census Bureau. An MSA must improve in all three measures before it’s included on the improving markets list.

Click here to see original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Sincerely,
Bob Ashworth
Your Real Estate Solutions Provider

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog