SWFL REIA MONTHLY LUNCHEONS

When: 9/1/16 Topic: Mistakes of the bubble. Presenter: Peter Kollar, Investor/Broker, Broadway Realty & Management, Inc.
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SWFL REIA GENERAL MEETING, Networking and Education

SWFL REIA General Meeting Tues 8/16/2016, 6:00 PM LOCATED AT: Pinchers at Edison Ford Marina 2360 West First St. Fort Myers, FL 33901 Topic: Things to consider before you do a joint venture or partnership. Presenter: Kevin F. Jursinski, B.C.S. and Kara Jursinski Murphy, LL.M.
http://bit.ly/1O9l2WL

133 LANTERN PL NORTH FORT MYERS, FL 33917 Best Buy!

133 LANTERN PL NORTH FORT MYERS, FL 33917 on the market! $44,901!

Bedrooms 2
Bathrooms 2

800 SQFT under air

the 2015 TRIM notice shows the taxes to be $35.09 a year

BEST PRICE in Mobile Manor! Enjoy a friendly 55+ Community with clubhouse & shuffleboard.
Ideally located with quick access to I-75, airports, shopping, restaurants, theaters, marinas, golf, and the downtown River District. Charming 2BR 2BA unit is Priced to SELL! Located directly across the street from Veterans Park with a view of the water and park like setting. Perfect as a full-time residence or a warm-weather get-away! LOW monthly voluntary fee of only $28! Own this unit AND your LAND while you Enjoy AFFORDABLE LIVING in the Sunshine State in this single-wide on a quiet dead end street w/no through traffic. Washer/dryer included. Ready for you to move in! See this one today!

There are two primary factors with real estate. That is the cost to aquire and the cost to keep it. Here you get to have the option of both of them being low!

Bayshore Rd to Mobile Manor. Make first right onto Lantern Ln. Take first left onto Torch Ln and then make left onto Lantern PL. Property on Right almost to the end.

133 LANTERN PL NORTH FORT MYERS, FL 33917 is located in Mobile Manor. Mobile Manor was once, a Twenty-acre field furnishing pasture for a herd of Black Angus cattle when Dick and Lee Barnhart came to North Fort Myers looking for land to develop into a mobile home park. It was a heavily wooded area with a stream of fresh water running through it. The purchase was made in 1957, but it was not until March 1962 that the office was opened. By 1965 there were 100 mobile homes located here, making it necessary to add to the first 20 acres, so that the park might expand. Twenty-eight acres were bought to bring the area up to its present size. Expansion followed quickly and 315 homes are now in the park.
In developing the park, street names became necessary. The theme “light” was carried out in choosing these names. Thus the names Flame, Fireball, Gaslight, Lantern, Torch, etc., were used.

North Fort Myers is a census-designated place (CDP) in Lee County, Florida, United States. The population was 36,609 at the 2010 census. It is part of the Cape Coral-Fort Myers, Florida Metropolitan Statistical Area.

Call 239 694 3300 or click here for a showing.

 

 

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Moody River Estates North Fort Myers garage sale

Divorce and Real Estate North Fort Myers

 

 

 

 

 

 

 

 

Divorce and Real Estate North Fort Myers

*** This is not legal advice, just the sharing of our experiences in dealing with Divorce and Real Estate North Fort Myers

In the course of our business, we often represent sellers who are getting divorced.

Divorce (or dissolution of marriage) is the termination of a marriage or marital union, the canceling and/or reorganizing of the legal duties and responsibilities of marriage, thus dissolving the bonds of matrimony between a married couple under the rule of law of the particular country and/or state.

 

The purpose of this entry is to discuss divorce and real estate North Fort Myers. There are many other factors within the process of divorce. As with anything, please seek competent legal counsel. Here is a link to some information that the Florida BAR has put out Divorce In Florida Pamphlet

For assets involved in Divorce and Real Estate North Fort Myers you have a few options:

1. One of the divorcing parties retains the home.

Very often one of the parties wants to remain in the house. In such case, the cleanest approach is to have the remaining party pay the departing party the latter’s share of the net property value. This requires that the remaining party have the cash needed for that purpose. The two parties must also agree on how their respective ownership shares are to be calculated, and how the house will be valued. Since the property is not being sold, its value must be based on an appraisal, which requires the parties to agree on who will select the appraiser, who will pay for it, and whether marketing costs will be deducted from the valuation.

A clean break also requires that the departing party be removed from any existing mortgage obligation. This means that the remaining party must have the income and credit required to refinance the mortgage in her own name.

2. Sell the home.

Selling the house is the way to a quick and clean break: The only issue is deciding how the proceeds are to be divided, although this can be quite contentious when it is not agreed upon beforehand. Unless the couple can agree to accept the judgment of a neutral third party, it will have to be delegated to lawyers to negotiate, at which points the costs begin to mount.

One approach a third party could use is to divide the net proceeds according to each party’s contribution to the equity in the house when it is sold.

A few other things from our experience. Your listing agents should have a “focus on what they are there to do” attitude. Divorce, for the most part, can be emotionally exhausting. The Real Estate Agents involved should focus the transaction and the transaction only. Thereby removing themselves from the divorces commonalities.

Another thing to factor for Divorce and Real Estate North Fort Myers:

Real Estate inherently has a cost to keep. Its “burn rate” Burn rate is defined by the cash spent each month to retain the asset. You also have to factor in, that the attorneys involved are generally billing by the hour. While you do not want to leave money on the table, a fast sale tends to benefit all involved. The longer the divorce goes on, the less and less assets there are to divide up.

If you have questions about selling your home in North Fort Myers call us at 239 694 3300 or contact us here

 

 

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North Fort Myers Real Estate Market

The following information is year over year comparison for 2015 versus 2014 for the North Fort Myers Real Estate Market.

For sales volume.

2014	2015	DIFF
$      143,320,891	$160,304,242	11.85%

 

The volume for the North Fort Myers Real Estate Market increased by 11.85%. The volume in one of the most important metrics. Increasing volume shows a growing market.

For Sales Counts:

2014

2015

DIFF

1,086

1,035

-4.70%

 

The reduction in sales counts is a logical result of the prices going up. It is the invisible hand or supply and demand in motion.

For average price:

2014

2015

DIFF

$              131,971

$154,883

17.36%

The average price rose in 2015 for the North Fort Myers Real Estate Market by 17.36%. That is a decent jump. This is the result of the distressed market fading away and traditional sellers being the majority of the market.

The median price:

2014

2015

DIFF

$107,200

$138,000

28.73%

 

The median price rising is significant as it show the bottom of the market coming up much faster than the average. This is the direct result of the distressed market going away as was mentioned above. One trend to watch is when the average and the median “bump”. This generally shows divergence to either (generally) the downside or upside depending upon where the North Fort Myers Real Estate Market is within the current trend/cycle.

The cash sales percentage:

2014

2015

DIFF

70.72%

58.65%

-17.07%

 

The percentage of sales that were cash in the North Fort Myers Real Estate Market was down 17%. The additional use of leverage is another factor of the rising prices. The North Fort Myers Real Estate Market  still had 58% of the sales being cash. This is much higher than both the County, State and National Averages. This amount of equity entering the North Fort Myers Real Estate Market gives the market stability. It is hard to have a bubble when there is not much leverage going on.

Helping you buy, sell and lease.

Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment.

Need help? Have questions? Call 239 694 3300 or click here

Disclosure: this is our work (North Fort Myers Real Estate Market trends) done for us and shared.

All North Fort Myers Real Estate Market data was exported from the MLS and trended with Microsoft Excel

The post North Fort Myers Real Estate Market appeared first on Steelbridge Realty LLC located in North Fort Myers.

Bank Owned Homes Lee County Fl 2016

Bank Owned Homes Lee County Fl in 2016

I (Jeff Tumbarello, Broker/Owner of Steelbridge Realty LLC) publish a Monthly Report thru the SWFL REIA (South West Florida Real Estate Investment Association) about the previous months foreclosure trends.

Here is the link for the recent December 2015 Lee County Florida Foreclosure Trend Report

The key to any knowledge is taking action. Also, how do these trends affect your home search?

As season starts we have a very low number of bank owned homes hitting the market.

 

 

 

 

Certificates of Title:

—December 2015: 92 Certificates of Title were conveyed

—November 2015: 167 Certificates of Title were conveyed

—December 2014: 452 Certificates of Title were conveyed

That is a significant reduction from the previous year!

Bear in mind, not all 92 of those Certificates of title will be listed in the MLS. Some were bought by investors at the auction.

The market of 2016 for Bank Owned Homes Lee County Fl does not resemble the market of 2014, much alone the heydays of the distressed market(2009 thru 2011). So how does a buyer obtain value in today’s market? We are finding that NBI (Not Bank Infested or Traditional Sales) are a better “buy” than most bank owned. They are trading at a slightly higher price but will require a lot less investment after the sale. Many times when you buy a bank owned home, you are buying many years worth of deferred maintenance.

The key to any real estate purchase whether it is a traditional sale or Bank Owned Homes Lee County Fl is to determine what you are there to do as well. I have personally bought a really “good deal” of a home, that turned out to not work for my day to day life. We would be happy to sit with you and help guide you on this important question.

Helping you buy, sell and lease.

Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment.

Call 239 694 3300 or contact us here

 

The post Bank Owned Homes Lee County Fl 2016 appeared first on Steelbridge Realty LLC located in North Fort Myers.

Mobile home North Fort Myers with Owner Financing

Mobile home North Fort Myers with in ground pool!

Manufactured home with an in ground and screened pool on an over sized lot. Located in Twin Brooks Estates which is a subdivision. There is no home owners association in Twin Brooks Estates, so there is no monthly HOA fees to pay. The home is in a current state of partially finished remodel. It is essentially a blank canvas to do as you wish. It has been rewired and re-plumbed. New windows (impact) have been installed. The owner will finance with a decent down payment (at least 30 percent). This has potential as a second home and/or seasonal/annual rental. Agents, please use CSS button to schedule showings.

North Fort Myers is the largest unincorporated area in Lee County. Expanding to 70 square miles, from the northern shore of the Caloosahatchee River to southern border of Charlotte County, Cape Coral is to the west, and to the east is Alva. The demographics range from young professionals to retirees and most everything in between. North Fort Myers also has a decent percentage of seasonal residents (snow birds).

North Fort Myers is a census-designated place (CDP) in Lee County, Florida, United States. The population was 36,609 at the 2010 census. It is part of the Cape Coral–Fort Myers Metropolitan Statistical Area.

North Fort Myers, Florida, in Lee county, is 8 miles NE of Cape Coral, Florida (center to center) and 95 miles S of Tampa, Florida.

North Fort Myers, named in honor of Colonel Abraham C. Myers, was one of the first operation bases during the Seminole Indian Wars. It was built along the Caloosahatchee River, and by 1885 it was the second largest town on Florida’s Gulf Coast. 1914 saw the opening of the first Ford Car Dealership in Fort Myers. By 1920, the Tamiami Trail was built to link Fort Myers to Tampa and Miami. However, there were 2 devastating hurricanes in 1921 and 1926 that greatly detracted from the progress of North Fort Myers. Fort Myers is also famous as the hometown of inventing genius Thomas Alva Edison.

Click here to see pictures of the Property

here is a link to the property appraisers site http://leepa.org/Display/DisplayParcel.aspx?FolioID=10240290

 

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July 2016 Lee County Fl Foreclosure Trend Report is online!

The SWFL REIA is on the cutting edge of data gathering and analysis of the housing market and foreclosures. Our Analysis and Trend reporting has made the SWFL REIA an expert source for the media and set standards by which the housing market is analyzed and trended within the industry.
http://bit.ly/2agbJUL