Marco-Naples Real Estate Today

Marco Island 2.0

2011-11-26T05:13:00.000-08:00

How can you make a very good thing even better? Well the folks on Marco Island have been giving this some thought and what they have come up with is very exciting for our future. First let me add the old saying no gain without some pain does come to mind. The financial investment and cooperation of visitors and residents alike is critical.

The major initiatives that have been undertaken include: the septic tank replacement program, the widening and lighting improvements to Collier Blvd., beautification efforts across the island through the planting of more tree's and landscaping, the development of Veterans Park and the expansion of bicycle paths for safety and pleasure. Additionally great strides have been achieved in developing a very high quality K-12 educational program, expanding the role of the different arts and building our historical museum. Wow that is great progress!

This fantastic place is getting better and better. I am excited about the future of this community and proud to call it home. Oh and did I forget to mention the great climate and beaches...

Headlines and Forecasts

2011-10-31T12:29:00.000-07:00

Does it seem like many of the headlines we read are sensationalized? It's like a supermarket tabloid on steroids... Real Estate seems to be one of the favorite topics for speculation. One week a headline is saying things are looking up and then shortly after we read some bad news. The swings can be very significant in a relatively short period of time.

I am trying to do a better job understanding the credentials of the expert identified and their relationship with the topic they are making a prediction on. Are they local and familiar with the topic? What is their forecast accuracy track record? Google can be a wonderful tool for this type of research. These factors help me to better determine the credibility of the source.

My corporate experience has taught me a couple of useful lessons. First that past performance is a very good indicator of future success. So I try and find out the recent trends and market data. Just the facts is a great motto here. Second lesson is that longer term forecasts are less accurate than current forecasts. So I am becoming very skeptical of forecasts beyond six months.

Next I am trying to discipline myself to not react to headlines before running the story through my own credibility test. I've already noticed it makes the day much more enjoyable. Hopefully it will help you as well.

Real Estate and a Self Directed IRA

2011-10-30T15:30:00.000-07:00

I recently attended an interesting event which covered buying real estate with a self directed IRA. For those interested in the benefits of an IRA, who know and understand real estate, this can be an option to consider. To learn more about a self directed IRA a discussion with a professional financial planner can help determine the potential benefits and risks.

Town Hall Meeting on Marco Island

2011-10-30T15:21:00.000-07:00

Town Hall Meeting on Wednesday November 9, 2011 from 5 pm until 7 pm at the Marco Island Historical Museum. Featuring Collier County Commissioner Donna Fiala, Sheriff Kevin Rambosk and State Representative Kathleen Passidomo. Each will share a presentation on key issues and a question and answer period will follow.

This is an excellent opportunity to learn more about current events in our county and hear directly from some of our key leaders.

Currency Exchange Rates and Foreign Buyers

2011-10-30T14:48:00.000-07:00

An important consideration for a a foreign buyer of U.S. real estate is the currency exchange rate. Getting the most competitive, secure and efficient exchange rate can make a real difference. Given the currency fluctuations timing can be crucial.

Looking into this topic and exploring all available options can help the foreign buyer save money. This is an area which is often overlooked and under-estimated when purchasing U.S. real estate by foreign buyers.

Jolley Bridge all four lanes now open

2011-10-19T17:24:00.000-07:00

The Jolley Bridge now has all four lanes open. Just in time for season! The landscaping and lights look great. Your trip to Marco Island will be easier and the entry will be better than ever. The new bridge has two lanes which take you onto Marco Island. The old bridge has been renovated and provides the two exit lanes off the island. You are going to really like this improvement!

Labor Day Report

2011-09-05T05:43:00.001-07:00

The weather has been fantastic for Labor Day weekend on Marco Island. Sunny and warm, great beach time. We've had many visitors join us for the long weekend.

Many of the hotel, merchants and resturants are reporting strong off-season sales relative to the last few years. This is a good way to end the summer and start getting geared up for the season.

People coming down here for the season will be impressed with the new bridge. It really makes driving onto the island a new experience. It looks great and they are almost finished with the landscaping and final touches.

Marco Island Florida Web Cam- www.paradisegulfcoast.com

2011-08-29T15:31:00.000-07:00

You can view a live free web cam located on the south end of the island for free! Beautiful view of the gulf and Cape Romano. Visit www.paradisegulfcoast.com and click on the free web cam.

Golf, tennis and more!

2011-07-10T10:14:00.000-07:00

I enjoy doing a good amount of business and playing some golf at Lely Resort. It's one of the best area's for new construction in Naples Florida. During a recent event held by Stock Development, they shared that their sales had increased 30% in 2011 compared to 2010. Interestingly we also learned that their average selling price had increased 29% and this was driven by a significant increase in the ratio of single family homes sold relative to multi-family properties. This is one very hot community!

Lely Resort is a terrific community which offers a wide variety of properties and prices to consider. If you are interested in learning more about this area, please contact me. I would be happy to show you around and introduce you to this fantastic place.

Window of Opportunity

2011-07-10T09:46:00.000-07:00

Now is a very exciting time on Marco Island. We've just finished the first half of the year and a very successful season. Many local businesses have told me that they are experiencing a better year than 2010. It seems activity on the island is higher this summer than last. Summer time visitors are enjoying this great lifestyle and I've had a chance to connect with some old friends who came to the island.

Real Estate activity has been strong this year. Through June 30, 2011 there have been 515 closed sales on the island, which is an increase of 17.57% according to the Marco MLS (for Marco Island only- all properties). Pending sales total 432, which is a 23.78% increase from prior year same time frame. Very impressive activity in terms of transactions and much different than what I read about national trends. Yes this is a local business indeed...

The big question people are asking concerns pricing. What is happening with pricing? Well the average selling price for all properties during the same time frame is $540,813.10, which is a 4.39% increase versus prior year. The median selling price is $380,000.00, which is a 1.65% increase over prior. Excellent news for existing property owners and a good head's up for potential buyers.

A serious well qualified buyer who interested in Marco Island should really consider these trends. The recent decline in inventory is impacting selection and pricing. If you or someone you know is in this position and interested in learning more about the market conditions, give me a call or send me an email. I will be happy to assist you and find an outstanding property at the great values we are seeing. The window of opportunity is now!

Cost of Living/Quality of Life

2011-07-08T10:33:00.000-07:00

Recently I was checking out the differences in cost of living between where I live on Marco Island and places I like to visit. So naturally I thought I'd share the highlights with you.

With regards to cost of living Boston Massachusetts is 15% more expensive than Marco Island Florida. The largest cost factor is utilities. Sames goes for New York City which is 19% more expensive than Marco Island.

Hinsdale Illinois, a popular western suburb of Chicago, is 34% more expensive than Marco Island and the biggest factor is the cost of housing. Barrington Hills Illinois, a northwestern suburb of Chicago, is 68% more expensive than Marco Island. And yes housing costs are the biggest cost factor in this case too. Lake Forest Illinois, which is on the North Shore suburbs of Chicago, was 45% more expensive than Marco Island. Housing was again the big difference. Being from the Chicagoland area I really found these comparisons interesting. For the record I did find some Chicago suburbs, such as Naperville Illinois, which did have lower costs of living than Marco Island.

Next I checked out the differences between Marco Island and some popular resort areas. For the skiers, Vail Colorado was 34% more expensive than Marco Island and housing was again the big driver. For you west coast fans, Laguna Beach California was 91% more expensive than Marco Island. But Dana Point California was only 25% more expensive than Marco Island (yep housing again).

Closer to home Naples Florida is 18% more expensive than Marco Island. Housing is the key driver in this comparison as well. Very interesting indeed...

To look at cost of living differences among U.S. cities, there are several options you can choose from. I selected Sperling's BestPlaces. The web site is http://www.bestplaces.net/ and you can check it out and see for yourself.

When you combine these cost of living comparisons with the outstanding quality of life Marco Island offers, it's easy to understand why it is such an amazing place to live an visit. Come and see for yourself!

Oh by the way for my Canadian friends you can find the average house price for your major cities at www.livingin-canada.com/house-prices-canada. Interesting to note that Toronto has an average house price of $454,000 and it has increased 5.3% over last 12 months. There is a great selection of single family homes and condos on Marco Island for under $450,000 today. So if you are thinking about a vacation, second or retirement home, come on down!

Two and a Half

2011-07-07T05:51:00.000-07:00

Not I'm not referring to the tv show Two and a Half Men. Two and a half is the number of times a home and/or condo sold per day on Marco Island during the first half of 2011. That's a 17% increase over last year according to the Marco Area MLS. Sales are heating up!

Check out why property is selling on Marco Island...

On the move

2011-07-07T05:31:00.000-07:00

Here's a little something to get you thinking. According to the Marco Area MLS (Marco Island Only) for six months (1/1/2011 through 6/30/2011) the number of transactions for home and condo sales has increased 17% versus last year same time period. During the same time period the number of distressed sales (bank owned or short sales) has decreased 4%. Said another way the market share of distressed property sales has decreased in the first half from 19.6% in 2010 to 16% in 2011. Now that's some big news!

The MLS statistics also indicate that the average sale price and median sale price have increased. Oh and inventory has declined as well. We are seeing some positive trends beginning to take place. Great news for this amazing island in paradise.

Foreign Visitors and Buyers

2011-07-07T05:14:00.000-07:00

Good article in yesterday's (7/6/20110) Money section of the USA Today on how foreign buyers are helping the US housing market. The article's title is "Foreign Buyers Help Housing Market". Whether you look at the influence in the percentage of foreign purchases of property or the percentage of foreign property searches online, it is significant indeed. For example the article states that for 12 months ending March 2011, 31% of Florida's home sales were to foreign buyers. That's up from 10% in 2007.

It certainly matches my experience in speaking with customers and colleagues. Most notable is the dynamic influence of Canadian visitors here in Florida. The number of Canadian license plates on cars this season was amazing. It is fantastic to have people who are really excited to visit and buy property in our market. They are making a vital contribution to the improving trends we are experiencing in real estate sales for Naples and Marco Island. In exchange these new property owners now have a great place to enjoy which offers an unbeatable quality of life. Welcome!

Hottest Collection of Marco Island Condos on the Water

2011-06-25T06:28:00.000-07:00

You can check out my great collection of fantastic Marco Island condos on the water at my web site: www.paradisegulfcoast.com

I am featuring a one bedroom condo on the beach that has a terrific rental income history for only $320,000. That's right on the beach!!!

A two bedroom plus a den unit with a south-eastern view of the gulf for only $690,000. Great location to watch the boats as they head out to the Gulf of Mexico. Fantastic view of the southern sky at night. So close to the water that you can listen to the surf...

The amazing sunsets from this three bedroom condo on the beach will bring you back again and again. Available for only $825,000, this newly renovated beautiful condo offers a fantastic value. Three bedroom condo on the beach for less than a million dollars...

Contact me for more information or to arrange a showing of these great properties.

Why Now is a Great Time...

2011-06-25T05:20:00.000-07:00

Location and value. Those are the two primary considerations I hear most frequently when someone is thinking about purchasing a vacation, second or retirement home. For Southwest Florida and Marco Island/Naples in particular, this location delivers on an unbeatable combination of complete relaxation and quality of life. You will be hard pressed to find a better location anywhere in the world for these two factors.

The fundamental elements of value are driven by quality and costs. The quality of product remains very high for someone looking to purchase in this market. Costs are low relative to the last ten years and affordability for this market is in a terrific condition due to the combination of low purchase prices and mortgage interest rates. We also see that inventory of available properties has been declining versus prior year.

Which brings us to timing. Yes prices in any real estate market do go up and down. Also real estate is a local business driven by conditions in a specific market at a specific time. That's why it is so important to work with a high quality professional Realtor who knows that market. If you are thinking about purchasing a vacation, second or retirement home on Marco Island or in Naples, now is an excellent time to give this serious consideration. Declining inventories mean selection and variety are going down, competition is heating up and prices are beginning to trend upwards. Considering a purchase in today's market can potentially save a buyer a significant amount of money versus future changes in value conditions. Now is a a great time to seriously consider buying a vacation, second or retirement home on Marco Island or in Naples Florida.

The benefit is you don't have to wait to begin enjoying the complete relaxation and quality of life this area offers!

Women Living Longer in Collier County

2011-06-21T07:07:00.000-07:00

A recent study by the Institute for Health Metrics and Evaluation, IHME, at the University of Washington in Seattle found that the women in Collier County Florida live the longest in the nation, with an average life expectancy of 86 years. This exceeds the life expectancy in France, Spain and Switzerland. Unfortunately the study also found life expectancy for women in most counties of the U.S. is falling.

This results for women in Collier County were consistent with the news this past spring that Collier County ranked the healthiest county in the state of Florida for the second year in a row, based upon an analysis by the Robert Wood Johnson Foundation.

The article in today's Naples Daily News provides many views on why women's life expectancy in Collier County is the highest in the nation. My own thought is that the quality of life and complete relaxation provided in this area is second to none. Living here allows a person to maximize all these benefits.

New Home in Lely Resort Naples FL.

2011-06-12T16:08:00.001-07:00

This home features a fantastic view of a golf course in popular Lely Resort. You can enjoy a recently built home (2010) with convenient access to downtown Naples or the beaches of Marco Island Florida. Three bedrooms for less than $500,000. Great Value! Contact me for more details:

Mike O'Rourke
Re/Max Results Realty
239-394-4871
Mikemjo331@aol.com
www.paradisegulfcoast.com

One Left

2011-06-12T16:02:00.000-07:00

I started out this year with three excellent waterfront lots on Marco Island listed for sale. Two have recently gone under contract. The one remaining lot has a fantastic southern view on a popular street. It's the only lot available for sale on Jamaica Ct. Located near the Island Country Club for you golfer's. Contact me for more details:

Mike O'Rourke
Re/Max Results Realty
239-394-4871
Mikemjo331@aol.com
www.paradisegulfcoast.com

Life on the Beach

2011-06-12T15:57:00.000-07:00

Experience this amazing feeling for yourself. I have a three bedroom beachfront condo located near all the action on Marco Island's incredible beach. This fantastic property is available for only $825,000. Contact me for more details:

Mike O'Rourke
Re/Max Results Realty
239-394-4871
Mikemjo331@aol.com
www.paradisegulfcoast.com

Income Producing Beach Condo on Marco Island

2011-06-12T15:47:00.001-07:00

Looking for a great beachfront condo with a strong income producing rental history? I have an excellent property for you to consider. It's located on Marco Island Florida and available for only $320,000. Contact me for more details:

Mike O'Rourke

Re/Max Results Realty

239-394-4871

Mikemjo331@aol.com

www.paradisegulfcoast.com

Buyers Prepare

2011-03-20T10:37:00.000-07:00

2011 is off to a fast start. We are seeing positive sales trends, increases in closed sale prices and declining available inventory. So it is common for buyers considering Naples and Marco Island Florida to be looking for that extra edge. My recommendation for the serious buyer is to arrive prepared. It can make a real difference in successfully achieving your objective.

So what can you do to really hit the ground running? Here are some tips to consider before you arrive in beautiful Southwest Florida for your house hunting experience:

1.) Understand how much you can afford and the amount you feel comfortable with. A conversation with your CPA/accountant and/or banker is an excellent place to start.

2.) Keep in mind that you will need proof of funds for a cash purchase or a pre-approval from a mortgage broker showing they are willing to loan you the money for a new property. You may learn that not all real estate is eligible to obtain financing.

3.) Do some investigation online to check out neighborhoods and what's available in your desired price range. Try to get the best understanding you can and make a list of your questions and priorities.

4.) Identify a high quality and local based support team. You should look for a Realtor, Mortgage Broker and Real Estate Attorney to guide you through the process. Speak directly with them to make sure they are a good fit for your search. You can also ask them for references and a bio to learn more about their background.

5.) Communicate you trip timing and make specific appointments to secure the appropriate time with your team.

Planning ahead can make a big difference in your buying success and the overall experience. If I can be of assistance with your real estate needs in this area, please feel free to contact me.

Real Estate In Your Neighborhood

2011-03-14T06:20:00.000-07:00

We hear it many times and in many places. Friends and strangers commenting about real estate values and the media providing the latest data from a national, state or regional perspective. It can be difficult to sort through the opinions and news stories to get a accurate picture of the value for your property.

If you really what to understand what's going on in real estate for your neighborhood, the best approach is to contact a Realtor. Get the data and insights from a professional who works in your neighborhood. They can help you understand how active your neighborhood is and what is happening with area trends. Local market knowledge is a key element in the overall value a good Realtor provides. Tapping into this vital resource can help you make better and more informed decisions regarding your real estate.

For a neighborhood analysis on Marco Island and in Naples contact me today. Learn first-hand what the advantage of working with a professional Realtor can be.

Looking for a Real Estate Agent?

2011-02-01T06:33:00.000-08:00

Consider asking a Realtor you know and trust who works in another market. They often have a vast network of contacts and can help you find the excellent professional you seek.

Keep in mind that a Realtor is a member of the National Association of Realtors. The are committed to a professional code of ethics designed to protect consumers.

If you don't know a Realtor ask your friends and family. They can be a great source of information and help in this area. You can also contact your local board of Realtors for information.

If you are looking for a Realtor in the Marco Island or Naples Florida markets give me a call. I'd be happy to meet with you and share how I can be of assistance.

Are You Looking For a New Home?

2011-02-01T06:05:00.000-08:00

Many people love purchasing a brand new home. They enjoy visiting the open house events and reading the ads for special deals which builders advertise. A new home can be an exciting option for home ownership.

One point a buyer should really consider is to have an excellent local professional Realtor on your team. Going into a meeting with a builders sales agent can be exciting and fun. But it's a real disadvantage if you do not have a knowledgeable professional Realtor to explain all the market dynamics and options available to you as a buyer. A professional Realtor can be a terrific asset to you because of the market knowledge, technical assistance, negotiating skills, experience, network of contacts and the code of ethics commitment they will provide.

Think it over and speak with a Realtor before you begin your search for a new home. If you are looking in the Marco Island and Naples Florida markets, give me a call and I'll be happy to assist you. I can also help you get connected to a professional Realtor in other markets.

Have fun and be prepared...

2010 Luxury Home Sales in Naples

2011-01-07T15:38:00.000-08:00

Interesting article in the Naples Daily News today (1/7/11) regarding 2010 sales of luxury homes in Naples Florida. Port Royal is a fantastic area and sales have definitely picked up. One point made in this article is that the available inventory of luxury homes is low. I'd like to suggest that if you are looking for a luxury home and have not found it in Naples, perhaps you may wish to consider Marco Island. There is an excellent selection of luxury homes and prime waterfront lots to choose from. If you need any assistance please contact me and I will be happy to assist you. I can be reached at 239-394-4871 or via email at Mikemjo331@aol.com.

If you would like to read this article please click on the link below:

http://www.marconews.com/news/2011/jan/06/naples-real-estate-sales/

Is it time?

2011-01-06T17:54:00.000-08:00

You might be very surprised to learn how strong real estate sales have been on Marco Island Florida this past year. According to the Marco Area MLS, the number of closed transactions for 12 months ending December 2010 have increased 10.4% over prior year. That's exciting news and a shock to many considering what we often read and hear.

This growth trend can certainly be attributed to the impact of affordability due to lower prices and the availability of low mortgage interest rates. Combined these form a terrific opportunity for buyers in today's market.

But value alone does not provide the full picture. The unique characteristics of climate, convenience and complete relaxation found on Marco Island, are now amplified by the value opportunity that exists. More and more people are learning about this special place. Their curiosity drives them to visit and experience it first-hand. That's why so many people come here and are spending more and more time each year. Maybe it is time to see for yourself...

Marco Island and Naples Beach Conditions- Oil Spill Status

2010-07-19T07:07:00.000-07:00

Some family members and friends have asked if the oil spill in the gulf has impacted the beaches of Marco Island and Naples Florida. Fortunately to date it has not and I wanted to provide you with updated information on beach conditions for Marco Island and Naples. So please check the following links for the latest information I have available:

Mote Marine Laboratory at http://coolgate.mote.org/beachconditions/

Naples, Marco Island, Everglades Convention & Visitors Bureau at http://www.paradisecoast.com/beach_conditions/

You can also view some of the gulf shoreline of the southern end of Marco Island on my web site via the web cam at www.paradisegulfcoast.com

Eco-friendly Idea's for your home or office

2010-04-09T04:32:00.000-07:00

Thinking about going "green" in your home or office? I came across a web site you may wish to checkout. This company is an eco-friendly consultant for homes and offices. You can visit their web site at www.greenirene.com to learn more about their idea's, programs and initiatives.

Recently some friends were telling me how they achieved a significant cost savings by reducing their unnecessary electric power usage. Going green and saving some dough sounds like an idea worth exploring to me.

Momentum on Marco Island Real Estate

2010-04-04T15:12:00.000-07:00

The Real Estate sales trends for Marco Island Florida are very encouraging. The MLS statistics for MIAAOR (Marco Island Area Association of Realtors) covering Marco Island Only during the January through March 2010 time period compared to the January through March 2009 time period indicate:

1.) Inventory is down- active listings for all property types have declined 14%

2.) Transactions are up- the number of closed sales have increased just over 61%

3.) Dollar sales are up- total sold dollar volume has increased nearly 29%

All information from the MLS is deemed reliable but not guaranteed. In speaking with my customers and colleagues they are also encouraged by all the activity. If you are considering purchasing property on Marco Island now is a great time to investigate the opportunities and great values. Contact me today to help you find your dream home on this island paradise.

Florida Open House Weekend April 10 and 11, 2010

2010-03-30T14:13:00.000-07:00

If you are looking to buy a home or condo in the state of Florida, I have some great news for you. The weekend of April 10th and 11th is now Florida Open House Weekend. Realtors throughout the state will be showcasing their finest homes and condos for the public to visit.

Here are some tips to help you prepare for this big event:
1.) Focus your search- look for an ad in your local paper identifying which properties will be included the week of the event or ask your Realtor to join you.
2.) What are you looking to learn- have a list of questions ready to ask the Realtors you meet.
3.) Keep notes- bring a pen/pencil and paper with you to keep track of the different properties.
4.) Candid feedback- let the Realtor know what you thought of the property. If it's a good fit great, if not perhaps they may help point you in the right direction. The feedback will be appreciated by the seller too.
5.) Remember you are a guest- treat the home as you would like someone to treat your home. Ask the Realtor upfront if there is anything you need to be aware of such as removing your shoes or a pet in the home.
6.) Safety first- bring a friend or spouse along. Carry your cell phone. Let others know where you will be and for how long. Be aware of your surrounding's and sign in when you first arrive.
7.) Enjoy!

Protecting Against Identity Theft and Safety Tips

2010-03-05T05:55:00.000-08:00

This week I attended a very good course on protecting yourself against identity theft and useful safety tips. It was hosted by the Marco Island Area Association of Realtors and the course was taught by a gentleman named Andrew L. Wooten.

Andrew did a great job communicating the threats which exist and providing actionable ways to combat those threats and protect yourself. I highly recommend his course for real estate professionals and anyone interested in protecting themselves and their business.

For more information you can go to Andrew's web site at www.justbesafe.com

Home Buyer Tax Credits

2010-01-30T05:35:00.000-08:00

You may have read about the tax credits being offered to new and repeat home buyers. There are excellent benefits available to qualified home buyers under these programs. You can check out the plan basics is at www.federalhousingtaxcredit.com . This site provides a good clear overview with frequently asked questions and answers.

This review will be a helpful introduction as you prepare to discuss these opportunities with your tax professional.

Kicking Off The New Year With A Haute Living Honor

2009-12-31T05:30:00.000-08:00

I am honored to be chosen by the Haute Living Real Estate Network to be the best of the best among Realtors on Marco Island Florida. Haute Living is the premier source for luxury news and events. If you enjoy the magazine, you really must check out their web site at www.hauteliving.com .

My commitment to outstanding customer satisfaction, excellent knowledge of the local luxury real estate market and unparalleled marketing skills will deliver the best results for the needs of their prestigious readers and viewers.

This honor is an exclusive, invitation-only membership circle. Only one professional can be selected per market. To achieve this on Marco Island Florida is very exciting and I look forward to exceeding the needs and expectations of the Haute Living readers and viewers.

Happy New Year to all!

Space Shuttle Sonic Boom

2009-11-27T06:49:00.000-08:00

The simple pleasures in life are the best. This morning I was sitting out on my lanai enjoying the boats going by and at 9:36 am I heard the sonic boom as the space shuttle passed overhead. It was heading back to land on the east coast of Florida. Very cool experience!!!

Foreign Buyers of Real Estate Return

2009-11-23T04:56:00.001-08:00

I read an interesting article in today's (November 23, 2009) Naples Daily News which highlighted how real estate agents nationally have seen an increase in foreign buyers. The article notes that foreign investors have long been drawn to U.S. residential real estate by the market's stability compared to other countries.

But the dollar's descent has made homes even cheaper for foreigners. That combined with home prices which are showing signs of stabilizing, has made the U.S. real estate market very attractive for foreign investors.

This past weekend I helped two foreign buyers with sales contracts for different properties in Naples. The international appeal of Marco Island and Naples is certainly attracting interest from foreign investors. These people are excited about the opportunity for purchasing great properties at an excellent value.

Home Buyer Tax Credits

2009-11-15T04:51:00.000-08:00

The $8,000 credit for first time purchasers and the $6,500 credit for the so called "move up" homebuyers are worth taking a look at to see if you may qualify. Both credits are available now and offer attractive benefits to those considering the purchase of a home. A good consumer resource to review frequently asked questions on both can be found at www.federalhousingtaxcredit.com, which is sponsored by the National Association of Home Builders. Keep in mind the deadlines established for these tax credits expire in 2010 and you should not assume that Congress will provide extensions to either one. Both tax credits are worth exploring to determine if you may qualify.

Cost of Living Comparison

2009-11-05T19:38:00.001-08:00

Want to have some fun? I started playing around with a cost of living calculator for cities or neighborhoods in different markets. It was educational and enjoyable to compare the cost of living in the different places I have lived. It's also eye opening if you've never seen this type of comparison before.

I used Sperling's Best Places website www.bestplaces.net/COL for the information. You can create a side by side comparison for the average price of homes, gas, utilities, etc... Very cool to check this out. Go ahead give it a try...

Exciting New Advertising Campaign

2009-11-02T07:10:00.000-08:00

With the "season" coming up fast, I am pleased to announce a new advertising campaign in the Robb Report Collection and Robb Report Exceptional Properties. The focus is on the amazing properties available on Marco Island Florida. This is a great way to get the word out about the terrific selection of properties and great values available on Marco Island.

The Best of Florida: Marco Island

2009-10-27T17:44:00.000-07:00

Recently I shared my thoughts on why Marco Island is such a sensational place to live and visit with Haute Living magazine. You can read this article by clicking on: http://www.hauteliving.com/sections/haute-partners/the-best-of-florida-marco-island/

Enjoy the article and I hope to see you soon on Marco Island!

Number of Buyers are Increasing

2009-10-14T07:08:00.000-07:00

During the last couple of weeks I have experienced an strong increase in the number of people expressing an interest in buying property on Marco Island. This includes phone calls, emails and people coming to open house events. These people are very excited about the opportunity at hand.

In speaking with them to understand what is driving the increase, it is interesting to learn that there is no one driving factor. It's a combination of things which is leading to action on their part. These factors include: natural beauty and relaxation on Marco Island, improved economic outlook for the country, excellent values available due to aggressive pricing, low mortgage rates being offered and currency strength of the Canadian Dollar, Pound and Euro relative to the US Dollar (they can buy more for their buck) for foreign nationals. These factors when combined are driving an increase in potential buyers.

Based on the early signs we are going to experience a busy season for real estate on Marco Island.

Island Buzz

2009-10-10T05:36:00.000-07:00

One of the most exciting times on Marco Island is the arrival of our seasonal guests. Each year the locals look forward to old friends coming back and the smiles on the faces of first time visitors.

You might be surprised at what many consider to be one of the first signs of their arrival. It's the big semi trailers which deliver cars. That's right car carriers. First the cars get shipped down and then the people follow... It's funny to see a big semi trailer truck stopped on Collier Blvd. unloading car after car.

One of the "hot" discussion topics this year is that many of our seasonal guests are coming down sooner. Most of the folks arrived in January last year. October seems to be the timing a large number of people have selected this year. It would appear the financial crisis and recession delayed the arrival of many last year. This season seems to have more of traditional start. It's great people are arriving sooner because October is one of the nicest months to enjoy the weather here on Marco Island.

It's good to see the smiling faces and those semi trucks again! Welcome back everyone...

New Web Cam on Marco Island- It's Free

2009-10-08T13:23:00.000-07:00

I am excited to announce that my web site www.paradisegulfcoast.com has launched a link to a free web cam on Marco Island. The link is called "Free Marco Island Web Cam" and it's highlighted on my site. Please note you will have to install Java if it is not already on your computer to view the picture. The view faces southeast and includes live pictures of the Gulf of Mexico and Ten Thousand Islands.

This is a great opportunity to see what's happening on Marco Island even if you can't physically be here. Enjoy!

Plan Your Winter Getaway Today

2009-09-12T15:49:00.000-07:00

Many of my friends and family have commented on how the weather during this summer in the Midwest and Canada has been poor. It seems that cool temperatures and grey sky's have been common.

This week I read a prediction that the upcoming winter will be very cold with heavy snow in the Midwest and northern regions.

The improving economy, warm weather and sunshine are key reasons why I think that the Marco/Naples area will have a very good season this winter. Plenty of people are tired of the poor weather up north and will be looking for a warm sunny place to relax this winter.

Excellent lodging and travel deals make the Marco/Naples area very affordable. If you are considering a great place to visit this winter, I really encourage everyone to explore the possibilities of visitng Marco Island and Naples Florida.

My web site offers links to area information for your review. Visit www.paradisegulfcoast.com and click on the area overview section for more information. Start now and plan a great winter getaway today!

Hammock Bay is a great value in Naples FL

2009-08-29T07:19:00.000-07:00

One of my favorite places to golf in Southwest Florida is at Hammock Bay. It is a terrific golf community which looks out to the Gulf of Mexico. If you love to golf and are looking for your dream home in Naples visit www.hammockbay.wcicommunities.com for more information.

I am happy to assist you in finding your luxury dream home in Hammock Bay. For real service in real estate contact:

Mike O'Rourke
Harborview Realty
Mikemjo331@aol.com

Marco Island FL -how about this place for a view?

2009-08-29T07:09:00.000-07:00

A picture speaks a thousand words. Click on http://www.capemarcoinfo.com/ to visit one of the best places on all of Marco Island to enjoy a fantastic view of the Gulf of Mexico.

If your interested in finding your dream home in Cape Marco, contact me for real service in real estate.

Mike O'Rourke
Harborview Realty
Mikemjo331@aol.com

Ideal location to enjoy both Naples and Marco Island FL.

2009-08-29T06:58:00.000-07:00

Are you looking for a great community which is centrally located to enjoy the shops of Naples and the beaches of Marco Island? How about a short drive to several terrific local golf courses? Then you should check out www.lelyresort.net . This is a terrific community with excellent amenities. I really like the new Ole' development because of the Mediterranean style colors and building's.

If you need help finding your dream home in Lely, contact me and I'll be happy to assist you.

Mike O'Rourke
Harborview Realty

Marco Island Florida Information

2009-08-29T05:02:00.000-07:00

Are you interested in learning more about the Marco Island and Naples area's of Florida? Have you heard some great things and want to check it out? Are you looking for a high quality professional Realtor to help you find your dream home on Marco Island?

Well the answers are only a click away. Go to www.paradisegulfcoast.com today and see for yourself!

Home Appraisals, HVCC and Communication

2009-08-29T04:04:00.000-07:00

There is considerable concern regarding the set of the rules which were created to prevent those who stand to profit from a real estate transaction from putting pressure on the property appraiser. These rules are called Home Valuation Code of Conduct or HVCC for short. These new rules went into effect on May 1, 2009. They apply to all conventional, single family loans destined for sale to Fannie Mae or Freddie Mac. The rules prohibit mortgage lenders and real estate brokers from ordering appraisals and require that lenders erect a firewall between the loan production staff and the appraiser. It is intended to assure that the lenders funding decision is sound.

This certainly sounds reasonable. Yet there is much debate and worry that despite the intent being very good, in practice, these rules are hurting the lenders and consumers. They are causing more challenges and slowing the recovery in the housing market. There has been a significant number of articles and blogs written about this subject. If you are interested in learning more about the specifics pertaining to the pros and cons a quick Google search of HVCC will result in some excellent reading.

I would like to share my recent experience from an appraisal with you. The appraiser and I spoke on the phone. She was very professional and experienced. Her focus was on doing the best appraisal she could. She expressed a willingness to consider any market facts that I wanted to share. She asked good questions about the material facts regarding the subject property and the community. Past appraisals had given her a good understanding of the community and the area. The on site appraisal she conducted took nearly two hours to complete. It was a very high quality and professional appraisal.

My recent experience demonstrates that despite some of the challenges pertaining to HVCC, good appraisals are taking place. It's no surprise that one of the most important factors is good quality communication. Real Estate sales professionals and lenders can speak with appraisers. We must all take responsibility for good communication and reach out to each other. Lenders and consumers should really follow up during the process to make sure that good communication is flowing. It is clearly in your best interests to do so.

Come join us

2009-07-14T05:27:00.000-07:00

You and your family's health and well being are too important to be placed on hold. Everyone needs time and a place to re-charge their batteries. Marco Island Florida is the perfect place for you and your family to rejuvenate your fast paced lives. Come join us and see for yourself!

Did you know?

2009-07-03T06:04:00.000-07:00

Marco Island has spectacular natural beauty, warm gulf waters and a fantastic year round tropical climate. You can swim, fish, boat, sail, sun bath and golf all in this amazing location. Best of all Marco Island offers complete relaxation and a great place to re-charge you batteries.

But did you know that the state of Florida is one of only seven states in the USA that has no state income tax? The other six states are all located in the western USA (Alaska, Nevada, South Dakota, Texas, Washington and Wyoming).

Florida has a great year round climate, is very convienent to travel to and has no state income tax. Wow! No wonder so many people spend time here at their second/vacation homes and even choose to retire to this fantastic little island. Hey it's worth checking out...

Free and low cost activities on Marco Island

2009-06-23T05:44:00.000-07:00

One of the best things about living on Marco Island is all the options we have for activities which are free or have a very low cost. Here are just a few to consider:

1.) Sunbathing at the beach
2.) Hiking on a trail in the Everglades
3.) Riding your bike
4.) Fishing
5.) Swimming in the Gulf of Mexico
6.) Watching a magnificant sunrise or sunset
7.) Shelling on the beach
8.) Walking along the beach
9.) A picnic by the water
10.) Exploring the natural beauty of Florida by car or bike
11.) Hanging out at the pool
12.) Jogging on the beach
13.) Playing catch (football or baseball)
14.) Beach Volleyball
15.) Playing cards by the water

This is just a few of the many examples of low cost activities you can enjoy in this wonderful area. Do you have some great examples of activities I missed? Feel free to add to the list.

Most Frequent Seller Question I'm Asked

2009-06-20T09:31:00.000-07:00

"When will my home's value return to what it was?

This is a common question I hear from my customers, potential customers, friends and family. Next they tell me how much it was worth (pick the highest point value from late 2005 through early 2007) and how they hope for a return to the former value. No doubt the financial crisis has been tough on everyone. To see a decline in the stock market and real estate values is difficult for us all.

When asked this question I encourage the person asking it to think about their situation in these terms. Do they know what the market value of their property is today? Many do not and assume the worst based upon what the read or hear. At this point it is helpful for these folks to meet with a Realtor and get a good understanding of what the market value of their home really is. Get the facts from a professional about what comparable homes in their area are currently selling for.

Then it's important to help them assess their motivation behind the question. Is there a clear need to sell due to a financial situation? Have their housing requirements changed? Is it a desire to get something new? Often they are simply curious or concerned, but there is no need for any action at all.

Helping them get the facts and then get to the heart of the matter can really save them some stress. Once they understand their existing situation and develop an action plan (if necessary) they regain some sense of control and feel better. They shift their thinking about where the market was, to a focus on navigating in the market as it exists today. They begin plotting the best course for themselves moving forward.

When the question is framed in this fashion most people do feel better that some of the uncertainity is removed and they have a plan to move forward that is best suited for them.

Marco Island Hot Spot!

2009-06-14T09:32:00.000-07:00

One of the hottest selling properties on Marco Island this season has been the Monterrey building in Cape Marco. Over 40% of the 2009 active listings in this building have already sold. This beautiful building with excellent views of the Gulf of Mexico has terrific amenities.

Buyers are really taking note. Through June 12th over $5 million in real estate has sold in this building alone! The number of transactions and total dollars sold are both up over 20% compared to the full year 2008 performance. The median sale price through June 12, 2009 ($846,625) is up +5% versus the full year median sales price for 2008. The average sales price for the same time period is ahead of last years as well.

There is a limited number of the highly coveted southern and southeastern views still available on the market. See for yourself why this property is doing so well. Contact me today at 239-394-4871 or via email at Mikemjo331@aol.com .

Wow Naples Home Sales Surge +36%

2009-06-14T09:26:00.000-07:00

There was a noticeable jump in Naples area homes sales during May 2009. Encouraging trends are now showing up in closed sales results for May. Good front page article in the Naples Daily News from Saturday June 13, 2009 is attached in the link below:

http://www.naplesnews.com/news/2009/jun/12/home-sales-rise-36-percent-over-year-ago-naples-ar?

Getting a great deal on Marco Island

2009-06-11T06:08:00.000-07:00

Many customers contact me asking for a great deal. They begin by asking "what do you have on foreclosures (aka bank owned and REO's) and short sales?". They are looking for properties which are priced 30% to 50% below a couple of years ago. Their questions are driven by all the articles they have read and conversations regarding the high levels of distressed properties being sold.

My answer begins with helping them understand the differences between foreclosures and short sales. Next I always stress the importance of hiring a good real estate attorney to protect their interests in a real estate transaction. Then I help them understand what's happening in this market so that they can better understand how we can identify a property priced at a very good value. This often includes foreclosures, short sales and properties which are not listed as distressed. Many very good values are frequently found in the non-distressed segment in this market.

To give you a better understanding of our market conditions on Marco Island, here are some key points based upon information from the Marco Island Multi Listing Service. During May 2009 there were 1,380 active residential listings for sale. Of these listings 92% are typical sales, meaning they are not identified as potential short sales or bank owned foreclosures. So as you can see the vast majority of active residential listings on Marco Island are not distressed properties.

Now if we examine the time period from January 1 through May 28, 2009 for single family homes using the Marco Island Multi Listing Service data, we can get a picture of how distressed properties have impacted closed sales in this market. There were 109 closed home sales during this period, of which 77%(84) were non-distressed sales. Foreclosures represented 14%(15) of these sales and the balance of 9%(10) were short sales. You should note this breakout is different than what is often communicated for national trends. This really illustrates the point that real estate is truely a local business.

The main point I'd like to share is that many buyers are finding terrific value in non-distressed properties. As a serious buyer one should give consideration to that important segment of the market as well. Particularily if you are interested in Marco Island.

A Stronger Path Forward

2009-06-10T14:17:00.000-07:00

There is a good amount of discussion regarding increasing taxes and/or cutting services these day's. I have read several articles about how this area is trying to attract more tourists as a means to drive more business revenue. Additionally we are trying to diversify our business and economic foundation by attracting new industries. These are definitely positive initiatives and we should continue to work hard to bring this change about. Yet we do face some significant challenges and people are concerned about the economy.

When it comes to Marco Island and Collier County, I believe we have some incredible assets to help us meet these challenges and emerge a stronger and more vibrant community.

Our state and local area is among the top locations for second home purchases. About half of the vacant housing stock is used seasonally or occasionally for recreational purposes.

Did you know that Florida received the highest annualized net migration in the country between 1995 and 2008? The natural beauty, incredible location right on the Gulf of Mexico and fantastic climate remain a magnet for people to move here.

My thought is that we need to take three short term and three longer term actions to move our local economy forward.

The short term actions are:

1.) Support and maintain our existing base of permanent residents. An example of this is to develop and implement a VIPR card, with which local residents can save 10% on all purchases for all participating businesses. Imagine going into your Collier County Publix or Winn Dixie and saving 10% because you are a year round resident.

2.) Build our base of permanent residents. An example of this would be for Collier County to offer a financial incentive (such as Homestead plus) for part time residents to become permanent full time residents.

3.) Continue our efforts to attract more guests. In addition to current promotional efforts to attract tourists, a new idea would be to offer tourists staying in Collier County, a financial incentive to stay one more night. This would result in a significant financial/revenue benefit on guests who have already decided to come here.

With regards to the longer term, my recommendation would be to focus on the following:

1.) Allow non-US citizens to live here year round if they own property and/or a business in Collier County. Establish a test program with the Federal Government to measure the positive impact upon the community.

2.) Develop incentives for environmentally friendly cost saving initiatives. We already have some good examples by local hotels, lets build upon those efforts and share the success stories (including the financial benefits gained).

3.) Attract more diversified industry to our economy. Some excellent work has been started by the Collier County Economic Development Council, we must encourage and accelerate this.

We can make this great community even better. The time to start is now!

Reader Poll Buying Real Estate on Marco?

2009-06-09T04:24:00.000-07:00

Here's your chance to answer the question are you considering buying a second or vacation home on Marco Island? Also you can check out what others are planning.

http://polls.linkedin.com/p/41773/wnits

Marco and Naples Visitor Information

2009-06-07T06:18:00.000-07:00

If you are considering a trip to Marco Island, Naples or the Everglades, I would encourage you to visit www.paradisecoast.com . This is the official visitors information site for Naples, Marco Island and the Everglades.

This site provides you with helpful area information, savings and activities. It's a good resource for someone considering or planning a trip to Southwest Florida.

Why are mortgage rates increasing?

2009-06-06T14:35:00.000-07:00

Are you wondering why mortgage interest rates have risen, despite all the investment the government has made to lower rates and increase affordability?

Well check out the link below and the attached article from Yahoo Finance which explains how the bond market and future inflation concerns have driven the mortgage rates higher.

http://finance.yahoo.com/news/ALL-BUSINESS-Bondmarket-rout-apf-15457158.html?.v=4

Bargain Time

2009-06-04T05:41:00.000-07:00

The summer months present an excellent time to purchase property on Marco Island. Contrary to popular belief property sells year round on Marco, not just in season. The highest number of monthly closings in 2008 occurred during April, May and June according to the MLS reports. But you will find closings during all months of the year.

According to the National Association of Realtors repeat buyers have boosted sales during April. Some of these buyers are trading up and the rest are bargain driven investors. The attractive interest rates combined with declining inventory in many markets, have resulted in positive sales trends for the month of April.

The summer months are an excellent time to look for great real estate values on Marco Island. Buyers who appreciate the high quality of life and great location use this time to search for good bargains. The warm sunny days present the perfect opportunity to find a great property in the morning and then enjoy some golf or fishing during the afternoons.

Marco Island a year round destination

2009-06-04T04:29:00.000-07:00

Now is the time to communicate the year round benefits that Marco Island has to offer. We realize significant increases in visitors during the traditional season of January through April. Yet the months of May through December offer incredible benefits as well.

From great fishing, a very relaxed easy going lifestyle (even more so than in season) and a fantastic climate, visitors can enjoy Marco Island the entire year. Yet the common perception is that coming here during the "season" is the only time to be here. I believe many visitors are missing out on an amazing experience and the local economy on a terrific opportunity.

It's time to change our thinking and make Marco Island a year round destination!

Why me for your real estate needs?

2009-05-27T08:34:00.001-07:00

Ok we all agree Marco Island is simply a tropical paradise and a fantastic place to live. So if you are considering buying or selling a second home or vacation property why should you choose me?

Well here are the top three reasons why I am the best choice for meeting all of your real estate needs on Marco Island:

1.) I deliver more customer value and I guarantee it!
2.) I will help you accomplish your objectives in a timely manner.
3.) Reliability is my forte'.

Simple, clear and concise. You can reach me at Mikemjo331@aol.com or 239-394-4871 .

Why live on Marco Island?

2009-05-25T08:10:00.000-07:00

My three top reasons why someone should choose to live on Marco Island are:

1.) Spectacular natural beauty- check out the sunsets
2.) Warm gulf waters- watch a dolphin from your home
3.) Soft island breeze- fantastic climate you can enjoy year round

It is simply a tropical paradise. Easy to get too, hard to leave! Relax, enjoy and live on Marco Island.

Short Sale Description

2009-05-25T08:06:00.001-07:00

Good article on what a short sale is and how it works for your review.

http://www.marconews.com/news/2009/jan/22/eagle-i-real-estate---skinny-short-sales/

Living Shorelines

2009-05-25T06:51:00.000-07:00

I read an interesting article pertaining to the protection of our shorelines. Living on an island surrounded by the Gulf of Mexico, and having numerous canals, this is a matter I believe to be important to consider when owning real estate on Marco Island. Please review and consider for yourself.

http://www.marconews.com/news/2009/may/21/understanding-benefits-living-shorelines/

Makeovers Becoming Popular in Naples

2009-05-22T14:55:00.001-07:00

The renovation of condominium building's and residences has become increasingly popular in Naples Florida. Many owners are sprucing up their homes to increase enjoyment and add value. The article from the Naples Daily News on this subject appeared on May 16th 2009.

To see this article click on the link below:

http://www.naplesnews.com/news/2009/may/16/makeovers-condominiums-along-vanderbilt-beach-insp/

Monterrey a diamond in Cape Marco

2009-05-22T08:13:00.000-07:00

Recently I shared the positive news on sales in Cape Marco through April 30, 2009. Cape Marco is a shining star for real estate on Marco Island Florida. The six buildings offer a variety of amenities and have a nice selection among the different price ranges beginning at $599,000.

One building has achieved very positive results this year and is worthy of your consideration. The Monterrey has already closed three sales in 2009, compared to five in all of 2008. Additionally Monterrey has three more units under contract (pending). The success is driven by the excellent location, beautiful amenities and value relative to the Cape Marco development. To illustrate the average selling price for Cape Marco in 2008 was approximately $1.5 million. The average selling price for the Monterrey building was approximately $830,000. It's a great place and definitely worth a look when you visit Marco Island.

Current Naples Real Estate Trends

2009-05-18T17:19:00.001-07:00

The link below is an article from the Naples Daily News on Saturday May 16th 2009. The article provides an update on sales and pricing trends for the Naples market year to date. The key points are that sales and pending sales trends are encouraging, 71% of total sales have occured in the $300,000 or less segment of the market and median prices are down 42% from last year. It is important to note that the sales strength of the $300,000 or less segment is impacting the median price performance. Overall it is encouraging that transactions are clearly increasing and the demand is growing in this market.

http://www.naplesnews.com/news/2009/may/15/april-home-sales-median-price-down-42-percent-napl/

Let's not forget the fundamentals

2009-05-13T07:24:00.000-07:00

Open any newspaper or go online and you will see numerous ads focused on buying distressed, bank owned (REO's) and short sale properties. Buy it cheap is the common theme and you can find it all over the place.

Well just because it's cheap doesn't mean it is any good in the first place. There is a big difference between getting a great value and getting something for little cost. Little cost often means little or no value and then hoping something changes in the future to create more value. Getting a great value means that a property with a good location, quality of building and consumer demand in the marketplace, was obtained at a fair or reasonable cost.

In real estate value is driven by location, quality of the building and consumer demand. These are the fundamental factors to consider before you even address the cost factor. By starting out with a focus on cost, buyers often overlook the critical location and quality of building factors in the decision process. Cheap becomes the number one factor and most often you get what you pay for. Think fundaments first and you will be much happier in the long run.

Trade Up, Trade Down

2009-05-13T07:08:00.000-07:00

Many customers have expressed an interest in trading up from their existing property or trading down and getting cash out of their current property. The trade up trend is coming from people who realize the current market prices and mortgage interest rates make obtaining their dream home more affordable than any recent time. The trade down trend is driven by folks who have been negatively impacted by the stock market and are seeking a means to funds which will help them through these financial times.

What is very interesting is that I am not meeting anyone who is looking to sell their home, cash out and leave. This really speaks to what a wonderful place Marco Island truely is. It is a great location, with terrific properties and has excellent long term value!

Cape Marco is off to a good start

2009-05-10T18:54:00.000-07:00

With all the difficult financial and real estate news we have read and listened too, I would like to call your attention to a bright spot. Cape Marco is a private gated waterfront community of six different condo buildings on the southern tip of Marco Island Florida. Construction began in the early 1990's and was completed on the last building in 2005. Magnificant views of the Gulf of Mexico, privacy and excellent amenities are among the key attractions. Recent sales prices have ranged from $799,000 to $1,800,000.

The closed sales results for the period 1/1/09 to 4/30/09 were very encouraging. Compared to prior year same timeframe the number of transactions have increased 14%, total dollars sold were up 24%, the average sales price had increased 8% and the median sales price was up 20%. All very encouraging news. This information was compiled from the Marco Area MLS. Results are not guaranteed, as accurate results depend on timely and accurate data entry.

To learn more about Cape Marco you can go to http://www.capemarcoinfo.com/ .

Surge in European Guests

2008-12-26T06:23:00.000-08:00

The third quarter of 2008 realized a significant increase in European visitors to Collier County Florida. Visitation was up nearly 50% according to Tampa based tourism consultant Research Data Services Inc. Central Europe and UK lead the trend for European visitors.

Canadian travel has also grown this year in Collier County. The favorable exchange rate is a key factor. These trends are very encouraging because the primary travel season has not even begun for our area.

Read the complete Naples daily News article at: http://www.naplesnews.com/news/2008/dec/25/southwest-florida-becoming-more-popular-internatio/

Ranking the key factors in a RE Investment

2008-12-21T11:00:00.000-08:00

What is your ranking of the key factors in making a real estate investment?

My ranking is as follows:

1.) Excellent location
2.) Great climate
3.) Strong median household income
4.) Growing population
5.) Solid median home value appreciation
6.) Variety of activities and attractions
7.) Strong performance against financial metrics

Does geography limit professional and personal opportunities?

2008-12-16T06:58:00.000-08:00

The geographical boundaries that traditionally limit where we live and work are being reduced. With laptops and smart phones more and more people are seeking a higher quality of life, while maintaining/improving their professional opportunities.

I think there will be more people moving to areas they wish to live in because their concern for being close to work is lessening. Frankly the job cuts from big companies may begin to accelerate this trend. Companies and communities are not well prepared for this.

There is a first mover advantage for people, companies and communities that consider this and prepare for it.

Naples Housing Prices Soft While Sales Increase

2008-12-13T07:44:00.000-08:00

Recent article in Naples Daily News cites continuing decline in home prices for Naples area and sales well ahead of prior year.

www.naplesnews.com/news/2008/dec/12/home-prices-continue-fall-naples/

Buyer Safety Tips for Visiting Properties

2008-12-07T17:13:00.000-08:00

Nearly one third of all buyers today are single and in some instances spouses visit a home without their partner on the first time through. So being careful and practing some simple tips can make your house hunting safer, more enjoyable and allow you to focus on the properties with much more confidence.

Listed below are some buyer safety tips when visiting real estate showing's and/or open houses:

1.) Whenever possible invite a friend to join you on your house hunting adventure. This can make your trip more exciting and allows you to gain the idea's and feedback of a trusted friend.

2.) Phone screening your Realtor for experience and references prior to meeting him/her is a great safety tool up front. Have them send you an email with their contact information before meeting them in person.

3.) Meet your Realtor in a public location or at his/her office prior to visiting any properties.

4.) Ask to see a copy of the Realtors license when you first meet them.

5.) Alway's keep your cell phone with you and turned on.

6.) Alway's tell a friend family member which Realtor you are meeting with, the company they work for and the phone number the Realtor can be reached at.

7.) Stay with your Realtor throughout the open house and/or showing.

These simple tips can make your experience safer and more enjoyable.

5 Year Home Values Show Growth

2008-12-07T16:50:00.000-08:00

Very good article from Kenneth Harney in today's Naples Daily News Real Estate section titled "Home values showing signs of growth". His basic point was that there is no question that home values across the country have experienced some deep declines over the past two years. But the statistical fact based upon the third quarter survey by the Federal Housing Finance Agency, released on November 25, 2008, is that the values in the overwhelming majority of markets across the US are positive over a five year timeline.

You can check out your local markets performance in the complete 85 page survey at www.fhfa.gov.

Island Eats Tip

2008-12-02T06:35:00.000-08:00

Good place for lunch is the Italian Deli & Market at 247 North Collier Blvd on Marco Island. They have very good soup and sandwiches. During the evening you can get excellent pizza too (Friday afternoon special as well). Enjoy!

WSJ Article on Creating More Value From Your Home

2008-12-02T06:29:00.000-08:00

This is an interesting article which identifies how some people are generating income or cutting costs on their real estate during this difficult economic time.

http://online.wsj.com/article/SB122764985938657631.html

WSJ Article on The Future of Home Prices

2008-12-02T06:05:00.001-08:00

Recent article from the Wall Street Journal regarding the Future of Home Prices. Basically the author and several economists say you should be careful about viewing your home or any real estate as an investment. Just look at it as where you live.

Interestingly the article sites three different homeowner surveys which clearly indicate that the majority of people do look at the homes as an investment and do believe they will increase in value over the longer term.

Real Estate is local in nature. The value is market driven as an investment. When we consider our assets real estate very often will contribute a sizable portion for the vast majority of people. Not considering the value of it as an asset/investment seems like a very limited choice in my view.

Checkout the article for yourself and decide:

http://online.wsj.com/article/SB122764977315457619.html

Key Investment Advantages Of Real Estate

2008-12-01T19:32:00.000-08:00

Leverage is often noted as the primary advantage of Real Estate when compared to other investment options. Tax advantages are highlighted as well.

The two advantages of real estate investments frequently over-looked are: 1.) Greater Control which is a unique advantage because the owner maintains the ability to influence beyond the decision to buy or sell. There is an opportunity to change the operation of your investment and respond to market conditions. 2.) Insurance can be purchased to legally protect a real estate investment.

These two factors are advantages to real estate investments which are often over-looked when comparing different types of investment options (mutual funds, stocks, bonds, etc...) to real estate.

Hot Luxury Real Estate Markets

2008-12-01T14:27:00.000-08:00

Marco Island and Naples remain very desirable destinations for people throughout the world. The tropical climate and multiple water sport activities provide the ultimate in relaxation!

Despite the challenging economic situation this area continues to attract tourists and people are buying real estate here! The links below help give you a good sense of what is happening in this market today:

www.naplesnews.com/news/2008/nov/28/chris-griffith-are-banks-still-lending-money-buy-h/

www.naplesnews.com/news/2008/nov/24/tourism-notches-october-collier/

www.naples.news.com/nov/25/island-posts-gains-real-estate/

www.naplesnews.com/nov/24/homes-sale-prices-still-falling-lee-marco-housing-/

www.naplesnews.com/oct/22/southwest-florida-hot-market-foreign-property-buye-/

www.naplesnews.com/oct/19/real-estate-sales-naples-down-countrywide/

www.naplesnews.com/oct/16/sales-increase-again-naples-real-estate/