Posts Tagged ‘Buying an Estero home’

Naples Real Estate and More: RSW Reports Feb 2014 Busiest Month on Record

Tuesday, March 25th, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

The Southwest Florida International Airport (RSW) just reported that February 2014 was their busiest month on record ever.

During February, 862,899 passengers traveled through Southwest Florida International Airport (RSW), an increase of 4.3 percent compared with the same month a year ago. Year-to-date, passenger traffic is up 3.7 percent from the same period last year. The Lee County Port Authority reported the airport’s best February in its 30-year history, despite 233 flight cancellations due to weather conditions throughout the U.S. The traffic leader in February was Delta with 176,910 passengers traveling to and from Fort Myers.

Rounding out the top five airlines were Southwest (169,408), JetBlue (92,291), U.S. Airways (83,148) and Spirit Airlines (74,113). Southwest Florida International Airport had 8,125 aircraft movements (takeoffs and landings), a decrease of 1.3 percent compared to February 2013. Page Field saw 8,347 movements, an 8.8 percent increase from February 2013. In addition, nearly 2.9 million pounds of air freight moved through RSW in February, an increase of 3.1 percent compared to February 2013. Southwest Florida International Airport served more than 7.6 million passengers in 2013 and is one of the top 50 U.S. airports for passenger traffic. For more information, log onto www.flylcpa.com.

Thinking of making a permanent move to Southwest Florida? Let John R. Wood Properties help you find your home in paradise! To see luxury homes for sale in Naples, Bonita Springs and Estero, FL, click HERE!

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Naples, FL Real Estate: All I Want For Christmas is Real Estate!

Wednesday, December 25th, 2013

 

Merry Christmas from John R. Wood Properties!

Did you get everything you wanted? If not, there is still time to get that special delivery from Santa Claus! How about a beautiful beachfront condominium or a decadent estate home on a pristine golf course?

You don’t have to worry about it not fitting or being the wrong color!  And, no gift receipt needed here.  A home in paradise is just what you need to finish up the holidays and spending the rest your winter months in Naples!

Why not see what ‘Paradise’ has to offer? Where do you think Santa Claus spends his winter once Christmas is over?

To search for properties for sale in Naples, Bonita Springs and Estero, Florida, click HERE!

To find a John R. Wood Agent, click HERE!

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Southwest Real Estate and More: Home Prices Predicted to Slow in 2014

Wednesday, December 18th, 2013

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

Yesterday, Money Magazine reported that home prices in 2014 will continue to rise, but only by half the rate they did in 2013.

Home sales will likely see modest growth next year, says Lawrence Yun, chief economist at the National Association of REALTORS . Strict underwriting practices by lenders, rising interest rates, and tight inventories in many markets will moderate sales growth. NAR has predicted home sales of about 5.12 million for 2014, which is close to the same level forecasted for 2013.

Inventory levels are expected to see some improvement in 2014. In September, they rose 1.8 percent compared to a year earlier, according to NAR data. That marked the first increase in inventory levels since late 2011.  Still, expect 2014 to continue to be a seller’s market while inventory levels remain tight, analysts say.

Fewer distressed homes on the market also will likely mean investors will take a step back, leaving more room for home buyers to step in. Investors’ share of residential home purchases dropped from 23 percent earlier this year to 17 percent in September, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking survey.

However, buyers will likely be greeted by higher mortgage rates. The 30-year fixed-rate mortgage is expected to increase from a 4.5 percent average to more than 5 percent in the new year.  Also, buyers will still face tight underwriting standards.

To see the full report, visit Realtor.org.  To find out what’s happening in the Southwest Florida market, visit the John R. Wood Properties’ market data archives!

 






Naples, FL: Happy Thanksgiving from John R. Wood Properties!

Thursday, November 28th, 2013

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

Want something to be thankful for? Check out these tips that will make your Thanksgiving kitchen cleanup faster and easier — and will give you more time to enjoy family AND plan your open house visits this Sunday!

Plan a potluck: The first Thanksgiving was a potluck; so let your guests share the fun and bring dishes to share. Then make sure they take home their serving bowls and platters, which will cut down on dishes to wash and put away.

Decide on disposable: Leave Mom’s good dishes in the breakfront and set your table with disposable — and recyclable — place settings. Party stores sell plastic dishware that look like real china (12 dinner plates for about $13). After eating, collect and toss. If you can’t stand to set a table with anything but your best, use disposables for hors d’oeuvres and dessert.

Triple-duty cookware: Cut down on cleanup by selecting cookware that can go from oven to table to freezer. Or, serve food in edible containers, such as bread bowls or hollowed-out winter squash, which you can either consume or compost.

Empty fridge: Start your holiday with a clean slate, which will make the inevitable mess less daunting than piling clutter onto clutter. Before beginning Thanksgiving prep, pick up depressing home clutter and clean out your fridge to make room for ingredients and leftovers.

If possible, designate a shelf for Thanksgiving food, which should be empty when you start your meal, then filled with leftovers when you’re finished. In a week, clean out that shelf again. Make soup from leftover meat and veggies, and then freeze. Compost wilted greens. Toss old dairy products.

Prepare roasting pans: You won’t have to clean what you don’t get dirty. So line your turkey roasting pans with heavy-duty aluminum foil, or cook the bird in a bag. Pour drippings into a pot to make gravy, then throw away the liner.

Line garbage cans: Double- or triple-line garbage cans, which saves time when the cleaning campaign begins. After you toss a trash bag, there’s another waiting for action.

Soaking bin: Soak pots and pans as soon as you transfer food to platters. But instead of filling the sink with soaking pots, designate a small trashcan as the soaking spot. Fill it will soapy water and dirty pots, and hide it under a sink or in a mudroom. That way, your sink is free throughout the evening to clean as you go and rinse dishes on the way to the dishwasher.

Stop stains: Don’t let stains on carpet or rings on furniture set. While wine stains are still wet, dab with go-to cleaner hydrogen peroxide mixed with a few drops of dish detergent; blot with a clean cloth. Get rid of water stains on wood furniture with a dab of white toothpaste (not gel). Rub in the direction of the grain.

Pump up the music: Up-tempo music will give you a second wind for cleaning. So turn off the soothing dinner tunes and get rocking with our cleaning playlist.

When the cleaning is all done, don’t forget to visit www.JohnRWood.com to see listings in Naples, Bonita Springs and Estero, FL!

NaplesRealEstate

 






Naples FL Real Estate and More: The Q3 Real Estate Market Report is Now Available!

Wednesday, October 30th, 2013

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

The Q3 2013 market report , covering Naples, Bonita Springs and Estero, Florida, is now available!  Sales in all price ranges remained brisk during the third quarter as pended sales continued their upward trend.  Demand is expected to remain strong into the 2014 season and although inventory typically increases during the first two quarters, demand will probably continue to outpace supply.

New home product coming to market over the coming months may make up some of the shortage and help keep supply around the five month level. Price increases and available inventory vary greatly among various locations and property types, so buyers and sellers are advised to request specific data on properties in which there is a serious interest.

To see the full report, click the image below!

Market-Report-3rdQtr-2013-1

To see luxury homes for sale in Bonita Springs, Naples or Estero, OR if you want to sell your home in Southwest Florida, Click HERE!






Naples FL Real Estate and More: Collier County Will Market to Brazilians

Thursday, October 17th, 2013

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

Of the 1.5 million Brazilians that visit Florida each year, most fly direct into Miami and Orlando and spend much of their time in those areas.  However, Collier County (Naples, Marco Island and a portion of Bonita Springs) implementing a new marketing strategy to attract Brazilian visitors to  Naples, Marco Island and the Everglades.

Contract negotiations are under way with a marketing firm based in Sao Paulo, which Collier County will share with Palm Beach County. The shared contract gave both counties the leverage and resources of a reputable firm to increase awareness.

Both counties provide similar appeal with beaches, excellent shopping and dining, luxurious as well as affordable accommodations, beautiful and interesting nature-based tours and a relaxing atmosphere.

Brazilian media has increased their coverage of the tourism options available throughout Collier County over the past five years. Editors at both consumer and travel trade publications have stated that many Brazilians are so familiar with visiting Florida that they are ready to venture out and explore what’s beyond Orlando and Miami.

Local attractions are also launching programs and activities to make Brazilian visitors feel at home. For example, the Brazilian Garden at Naples Botanical Garden is a tribute to famous Brazilian artist and landscape designer Roberto Burle Marx, known internationally as the father of modern landscape architecture.  The Brazilian Garden’s centerpiece is the only original Burle Marx ceramic mural on public display in the United States.

The direct spending by Brazilian visitors just in Miami-Dade County is more than $1.3 billion each year. Through a new dedicated marketing effort to educate Brazilian tour operators, travel agents and the public about what visitors can experience here, the hope is to bring some of that economic benefit to Naples, Marco Island and the Everglades.

Are you looking to make a visit to beautiful Naples FL? Or, perhaps you would like to purchase a home here? Look no further than John R. Wood Realtors for agents who are Certified International Property Specialists. Let us help you navigate the market and find your new home in paradise!

Click HERE to see homes for sale in Naples, Marco Island, Bonita Springs and Estero, FL!

Naples, Bonita Springs, Marco Island, Estero  FL luxury Real Estate

Naples, Bonita Springs, Marco Island, Estero FL luxury Real Estate

 

Source: The News-Press






Naples FL Real Estate and More: International Buyers in Florida

Wednesday, October 9th, 2013

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

Just recently, the 2013 Profile of International Home Buyers in Florida report was released.

The purpose of this report is to assess the significance of foreign home buyers in Florida. The National Association of REALTORS, in cooperation with the Florida Association of REALTORS, has conducted an annual survey of the experiences of Florida REALTORS in working with non-resident international clients.  A total of 977 REALTORS responded to this year’s survey, conducted over the time period July 9 – August 16, 2013.  The information gathered concerned REALTOR experiences with non-resident foreign buyers over the previous 12 months.

In this survey, Florida is reported to have a strong growth potential for attracting international clients. As noted by REALTORS who have been successful in dealing with international clients, understanding the culture, concerns and language of potential foreign clients, reaching out through personal contacts and online tools, and assisting potential foreign buyers through the regulatory and financial process are important, especially for agents on the buy-side of the transaction. REALTORS also noted that the relaxation of visa restrictions pertaining to the length of stay would go a long way towards attracting more international clients.

Here is an overview from this report:

  • 63 percent of respondents reported having international clients, compared to the national average of 27 percent.
  • 33 percent of respondents with international clients reported that international clients accounted for 26 percent or more of their transactions, compared to 12 percent at the national level.
  • 80 percent of respondents reported that their clients found Florida property less expensive than similar property in their home country. Foreign purchasers viewed the U.S. residential housing market as providing good value.
  • 31 percent of respondents reported that the percentage of international clients had increased in the last five years, compared to 21 percent at the national level
  • Canadians lead (30 percent of total Florida international sales) as the largest source of buyers, followed by Venezuela (8 percent), Brazil (7 percent), and the U.K. (6 percent).
  • The most popular purchase areas for international clients were Miami-Miami Beach (21 percent of international sales in Florida), Orlando-Kissimmee (14 percent) and Fort Lauderdale (9 percent).
  • The median price paid by international buyers buying property in Florida was $216,477, compared to the overall Florida median price of $144,074 and the U.S. median price of $187,483. Buyers from Brazil, Venezuela, and Western Europe purchased above the median price.
  • Cash sales to foreigners comprised 84 percent of transactions.
  • Buyers had a preference for detached single-family (47 percent of foreign sales), followed by townhouses (11 percent) and condominiums (34 percent).

To see the full report, click HERE!

Are you looking for an Certified International Property Specialist to handle your home purchase in Southwest Florida? Find one now!

To see luxury homes for sale in Naples, Bonita Springs and Estero FL, click HERE!

Naples, Bonita Springs, Marco Island, Estero  FL luxury Real Estate

Naples, Bonita Springs, Marco Island, Estero FL luxury Real Estate






Naples FL Real Estate and More: Shutdown Pushes Mortgage Rates Down

Monday, October 7th, 2013

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

Freddie Mac just reported that as a result of the federal government shutdown and declining consumer confidence, fixed mortgage rates fell for the third consecutive week, ending at their lowest averages in nearly four months.

Retreating interest rates are generally good news for home buyers, however, the University of Michigan reports that overall consumer sentiment is at its lowest since April.

Here is an overview of the Freddie Mac report, following national averages with mortgage rates for the week ending Oct. 3:

  • 30-year fixed-rate mortgages: averaged 4.22 percent, with an average 0.7 point, dropping from last week’s 4.32 percent average. Last year at this time, 30-year rates averaged 3.36 percent.
  • 15-year fixed-rate mortgages: averaged 3.29 percent, with an average 0.7 point, dropping from last week’s 3.37 percent average. Last year at this time, 15-year rates averaged 2.69 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.03 percent, with an average 0.6 point, dropping from last week’s 3.07 percent average. Last year at this time, 5-year ARMs averaged 2.72 percent.
  • 1-year ARMs: averaged 2.63 percent, with an average 0.4 point, holding the same as last week. A year ago at this time, 1-year ARMs averaged 2.57 percent.

While the Federal Housing Administration’s Office of Single Family Housing is endorsing new loans, the IRS is closed and has suspended the processing of all forms, including requests for tax return transcripts. These documents are often required by lenders for mortgage applicants.

However, some lenders are adopting revised policies during the shutdown that will allow for processing and closings with income verification to follow.

Fannie Mae and Freddie Mac have also adopted relaxed provisions on loans requiring a Form 4506T, allowing closings that are subject to tax transcript verification before the GSEs purchase the loans.

A recent Bloomberg survey of professional forecasters suggests that a partial federal shutdown lasting one week would shave 0.1 percentage points off of GDP growth in the fourth quarter and even more if the shutdown lasts longer. IHS Inc. estimates that the shutdown is costing the U.S. roughly $300 million per day in lost output.

For more information about how this may or may not affect your home purchase or sale in Southwest Florida, please contact a John R. Wood Agent HERE.

 

Naples, Bonita Springs, Marco Island, Estero  FL luxury Real Estate

Naples, Bonita Springs, Marco Island, Estero FL luxury Real Estate

Source: Realtor.org






Naples Real Estate: Buying a Second Home in Southwest Florida? Here’s What You Should Consider.

Monday, September 30th, 2013

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

In Southwest Florida, many home sales are second home purchases.  If you’re thinking of purchasing a second home in Florida as a retirement, rental or vacation home, here are some things to consider…

Get Help

Hiring a real estate agent is the first step that will benefit you. Many John R. Wood Agents are very experienced in the purchase of second or vacation homes in Southwest Florida. Your agent’s job and expertise is in helping guide you down the correct path and being there to answer whatever questions you may have, such as “what can I afford?” and “what will this property be used for?” i.e. rental, vacation home, etc. You’ll find the right agent will make this process much easier!

Do the Research

Your second home can be whatever you want it to be, but you want your property to be a good fit with your lifestyle. For example, if you’re not a golf enthusiast, it may not makes sense to purchase your retirement home in a golf course community! Think about what amenities you want…do you want to be close to the beach or shopping? Maybe you don’t care about golf but tennis is your game! Will the grandchildren be visiting? Do you have pets? Taking your lifestyle into consideration will help you and your agent find the best second home, retirement or vacation property for your needs.

Be Prepared

What about taxes? Your taxes will be based on the use of your second home. The IRS has declared “if you live in your home for more than 14 days, or more than 10% of the time you rent it out in a year, then it is considered your personal residence”. If these conditions are not met, your home will be considered a rental property and you must report all rental receipts as income. Weighing your options about the purchase itself is also important. Buying an existing home may be cheaper than buying land and building.  If you are considering a mortgage, know that a mortgage on a second home will have a higher interest rate than one on a first home. You can also consider a home equity line of credit (HELOC), which allows you to tap into your existing home’s equity to provide a bigger down payment.

Protect Yourself

There are various differences between the ownership of a primary home compared to a secondary home and knowing these differences will help out immensely. Take extra precautions in protecting your investment by doing your homework first, especially if you’re a foreign buyer. Many John R. Wood Agents are designated as Certified International Property Specialist (CIPS) and can help you navigate the market!

There are a lot of considerations that go into the purchase of a second home, vacation or rental property. Your first step is to find a John R. Wood agent who can help!

Click HERE to find an agent now!

 

Naples, Bonita Springs, Marco Island, Estero  FL luxury Real Estate

Naples, Bonita Springs, Marco Island, Estero FL luxury Real Estate

 

 

Adapted from the KCMBlog.com

 






Naples FL Real Estate: Median Home Sale Price in Collier County Rises

Thursday, September 26th, 2013

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

According to the U.S. Residential & Foreclosure Sales Report just released from RealtyTrac, the median sale price in Collier County rose slightly, from $225,000 to $229,000, from July to August, and is also up 20 percent, from $190,633 in August 2012.

In Charlotte and Lee counties, overall median home sale prices ticked slightly downward from July to August, but are still up 20 or more percent from a year ago.

Lee County’s median was down from $133,850 to $132,700 from July to August, but it, too, is up from the $110,200 mark of August 2012—a rise of 20 percent.

The median sale price in Charlotte County edged off from $117,500 to $116,450 for the month, but is still 23 percent above the $95,000 figure from a year prior.

The national median sales price in August was $175,000, up 3 percent from the previous month and up 6 percent from a year ago and marking the 17th consecutive month where median prices have increased annually nationwide.

To see the full report from RealtyTrac, click HERE!

To see the latest market report for the Naples, Bonita Springs and Estero, FL market, visit the John R. Wood Realtors’ market statistics page!

Naples, Bonita Springs, Marco Island, Estero  FL luxury Real Estate

Naples, Bonita Springs, Marco Island, Estero FL luxury Real Estate