Sunday, December 31, 2017
December 31, 2017
Watch on YouTube here: December 31, 2017
Via https://www.youtube.com/channel/UCcZImr64sN4bR4BB_JA82vg/videos
Friday, December 8, 2017
Wednesday, December 6, 2017
First time home buyers tips
First time home buyers tips: Set a Budget
Exactly How Much Can You Afford?– This isn’t just a discussion between you and your partner after reviewing your bank records. This is an actual evaluation done by a financial professional. Whether you are working with your bank, or a company, whose expertise is mortgages, you should do therefore before you start your house hunt. Knowing exactly what amount of money you qualify for, is the ideal place to start. These professionals will not only inform you of what dollars you will qualify for, they will also be in a position to educate you on kinds of loans and mortgages, and what may best meet your individual needs. A pre-approved mortgage will allow you to begin your house hunt knowing exactly your price range.
First time home buyers tips: Figure out what you are here to do.
What Must This First Home Have?– Once you have determined what you can pay for a house, you should write a list of priorities. If you are buying the home as a couple, this is a task you should both complete. Break your list up into two sections. Really Need or Really Want. Always try to keep in mind that there are some things you can change in a house, and some things you can’t. Location is one thing you should consider at the very top of your list. Once you purchase a home you can’t relocate it. However, the countertop, deck, and appliances can always be upgraded when finances allow. So really put some thought into this task. Keeping your priorities straight will keep you on track.
First time home buyers tips: Assemble your team.
Which Real Estate Professional Should I Use?– There will be plenty to select from so do your research. For certain you will want someone with experience and an agent who knows the neighborhoods and community. A complete time agent will be available to you at opportunities convenient to your schedule. Research and review their marketing strategies, and online presence. Realtors that are active online are also likely to remain up to day on current trends in the industry. When you are hiring any professional, you should ask questions to ensure that they are actually a match for you and your partner. So after you have completed your “Need as well as Want” list, compose down some questions that you desire to ask your real estate agent.
Where to Begin along with the Residence Hunt?– Right now which you have your pre-approved mortgage and your real estate salesperson, you’re ready to get started. There will be other professionals (lawyers, home inspectors) to work with throughout the process, and an experienced agent can give you some direction in sorting that out. Many individuals hunt for homes online, and others leave finding the perfect first-time home totally up to their real estate professional. A combination of both works too. Now the fun begins! When you are starting the house hunt, take along your Needs & Wants lists.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post First time home buyers tips appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2017/12/06/first-time-home-buyers-tips/
Questions to ask before buying land
When buying land always understand what utilities are available.
Does the land currently have utilities? Do not presume that due to the fact that one area of the residential property has a power line that you will certainly be acquiring your electrical power from it.
Also when buying land, focus on the access or lack thereof. How does one access the Land? Does it have roadway frontage? Does it have a deeded access?
When buying land enlist a title company or attorney.
Are there any title concerns affixed to the land? You need to work with a title firm or lawyer to investigate the title for you. If there are any types of liens, easements, private roadway access, mineral legal rights, and so on, they will certainly appear throughout the title search.
Exactly what’s the area like? Is the residential or commercial property in the course of growth/development? Exactly what’s occurring on the nearby land?
When buying land always review a survey if you can.
Has a survey of the land been done just recently? Do not presume that old fencing lines as well as timberline on a residential or commercial property program are where the border lines are.
Is there any type of easements going through the land? An easement permits a person the right to make use of land they do not very own, such as the right to roadway or water accessibility. If the land you are looking at is under easement, you’re most likely to need to know regarding it. A preservation easement is meant to safeguard as well as limit the land from future advancement and also runs in eternity. Each preservation easement is created particularly for the residential or commercial property, so there is a great deal of variations in between preservation easements on various systems of land.
Does the land perc? In other words can the land soak up water? You will certainly have to have a perc examination performed in order to discover. Some “old timers” will just take a bucket of water and shovel but as always seek competent and licensed advice.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post Questions to ask before buying land appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2017/12/06/questions-to-ask-before-buying-land/
Tuesday, December 5, 2017
Wednesday, November 15, 2017
Lee County Real Estate after Irma
Lee County Real estate after Irma: This is an update to the case study “SWFL Real estate after Irma” that was presented by Jeff Tumbarello, Broker Steelbridge Realty LLC/ Director SWFL REIA at the SWFL REIA luncheon in October.
Disclosure:
- This presentation is meant to provide some guidance from a statistical point of view.
- This is my work done for my use and shared with you.
- All data exported from MLS and trended with Microsoft excel.
- Data was exported on 11/15/2017
Lee County Real estate after Irma: Where is the market today?
Volume Jan thru October YTD (Year to Date)
Lee County Residential
| 2016 | 2017 | DIFF | |
| Sales Volume | $ 4,460,924,501 | $4,747,859,631 | 6.43% |
| Sales Counts | 16,341 | 16,419 | 0.48% |
Note: Volume is the most important metric in a market. The fact that volume is not down from a year over year perspective is a reason for optimism.
Lee County Real estate after Irma: Pricing
Jan thru September YTD
Lee County Residential
| Average Sold Price | $ 272,990 | $289,169 | 5.93% |
| Median Sold Price | $205,000 | $220,000 | 7.32% |
Note: The pricing always seem to go up after a Hurricane. I think the lower price points have more cancellations.
Lee County Real Estate after Irma: Cash Sales Percentage.
Jan thru September YTD
Lee County Residential
| Sales Counts in cash | 6,849 | 6,680 | -2.47% |
| Cash % | 41.91% | 40.68% | -2.93% |
Note: The cash sales percentage is still a very positive metric for the market.
Lee County Real Estate after Irma: October 2016 versus October 2017 Volume and Sales Counts
| 2016 | 2017 | DIFF | |
| Volume | $ 376,077,728 | $368,417,806 | -2.04% |
| Counts | 1,406 | 1,318 | -6.26% |
Note: Some of the sales counts and volume are from the previous month.
Lee County Real Estate after Irma: October 2016 versus October 2017 Pricing
| 2016 | 2017 | DIFF | |
| Average | $267,481 | $279,528 | 4.50% |
| Median | $210,000 | $215,000 | 2.38% |
Lee County Real Estate after Irma: October 2016 versus October 2017 Cash Sales Metrics
| 2016 | 2017 | DIFF | |
| cash | 540 | 484 | -10.37% |
| Cash % | 38.41% | 36.72% | -4.39% |
Lee County Real Estate after Irma: Foreclosures:
From the October 2017 Lee County Foreclosure Trend Report
Notes:
- I have seen interviews with public and private individuals referring to a bump in the foreclosures.
- You have to understand the timeline to understand the possible trends.
- The earliest a foreclosure will be filed is roughly 90 days from today. Then you have generally a 6 month process.
- Due to our high percentage of cash sales since 2009. It is unlikely to trigger a mass event like the end of the last cycle.
Lee County Real Estate after Irma: How do we compare to other storms?
- Hurricanes have long had an influence on the Florida Real Estate market.
- The Florida Land Boom in the 1920’s was finished off by the 1926 and 1928 hurricanes.
Notes: From a pattern perspective we are resembling Wilma the most. Time will tell if that is the case.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post Lee County Real Estate after Irma appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2017/11/15/lee-county-real-estate-after-irma/
Sunday, November 12, 2017
Monday, November 6, 2017
Thursday, November 2, 2017
Medical Marijuana In North Fort Myers?
In case you were not aware Medical Marijuana In North Fort Myers is happening.
Where is Medical Marijuana In North Fort Myers happening?
A company named Trulieve is opening at 13971 N Cleveland Ave North Fort Myers Fl 33903 (Right next to the old Steelbridge Realty office)
Who is Trulieve? Their website says the following: “At Trulieve, we strive to bring you the relief you need in a product you can trust. Our plants are hand-grown in an environment specially designed to reduce unwanted chemicals and pests, keeping the process as natural as possible at every turn.
Our specially-trained staff will work hand-in-hand with physicians to provide the right products and the correct dosage to ensure patients get the compassionate care they need.
Our products are designed to alleviate seizures, severe and persistent muscle spasms, pain, nausea, loss of appetite, and other symptoms associated with serious medical conditions such as cancer. Our low-THC/CBD products are available for patients who need non-euphoric care.”
The company is opening 2 other locations in Lee County according to their website.
Why did we write this? We do our best to keep North Fort Myers up to date on current trends that can affect the housing market (note we are not implying this will affect the housing market)
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post Medical Marijuana In North Fort Myers? appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2017/11/02/medical-marijuana-in-north-fort-myers/
Wednesday, November 1, 2017
Paradise Isle formerly known as Paradise Preserve files a request to rezone
On 10/6/2017 Paradise Isle formerly known as Paradise Preserve filed a request to rezone 271.1 acres from Residential Planned Development (RPD), Marine Commercial District (CM), Commercial District (C-1A), and Multiple-Family District (RM-2) to Mixed Use Planned Development (MPD), to allow a mixed use development consisting of 1,200 multiple family dwelling units; 543 hotel rooms; up to 55,000 square feet of commercial/retail; up to 22,500 square feet of office; up to 23,000 square feet of accessory health spa/fitness facilities; an 18-hole golf course; 200 dry boat storage slips; a 200 wet slip marina; and up to 22,500 SF of stand-alone restaurant use; along with customary accessory uses.
Location: In general, the property lies north and south of Birkdale Avenue, east of SE 24th Avenue and off of Orange Grove Boulevard, south of Birkdale Avenue, North Fort Myers Planning Community, Lee County, FL.
The case number for the request is DCI2017-00019.
You can view the applications and plans here
Paradise Isle formerly known as Paradise Preserve was once one of the most expensive foreclosures in Lee County history. The property–which includes a marina, golf course and other land.
A project of the size of Paradise Isle will have effects on the North Fort Myers market.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
Podio – CRM done right
The post Paradise Isle formerly known as Paradise Preserve files a request to rezone appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2017/11/01/paradise-isle/
Thursday, October 26, 2017
Tips for Selling a Vacant Home
If you decide that selling a vacant home is the way you really need to go, please take advantage of a few of these tips.
Some buyers enjoy seeing a spotless and blank slate, there are also those who prefer the exact opposite. Some buyers desire to look at how furniture should be placed in a room. The current furniture placement helps them to place their furniture, thereby helping to create a sense of being home in their mind. There can easily be an emotional connection with how a home is actually presented.
Part of the appeal of a home is its warmth and coziness. But when absolutely no one is living there, a home will have a tendency to look hollow and empty. You can always hire someone to stage the home using props, but that is an extra cost that you may not really want to incur. Surprisingly, vacant homes have a tendency to feel smaller.
Selling a Vacant Home Tips:Vacant homes might require special insurance
Selling a Vacant Home Tips:Vacant homes can attract crime.
- Let your neighbors and friends know you are selling and are no longer there. A few extra sets of eyes can help to mitigate negative events.
- Take extra precautions and install good locks preferably with dead bolts.
- It is also an excellent plan to have some lights on timers to help make the home look occupied.
- Make an effort to keep the home seasonable cool or warm if feasible. The temperature does not mean as substantially as the humidity. Moisture is definitely bad for real estate, make sure the HVAC runs enough to take the humidity out or put dehumidifiers in the home.
- You might also desire to consider installing a security system.Another option is to install home monitoring equipment that allows you to view the interior and exterior remotely.
Also, continue to maintain up the exterior of your home. You do not want to home to appear unmaintained. Not only from a selling perspective but also from attracting crime and vandals.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post Tips for Selling a Vacant Home appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2017/10/26/selling-a-vacant-home/
Friday, October 20, 2017
What is a Listing Agent?
What is a Listing Agent? A listing agent is a real estate broker that markets the sellers property. They work to market your home to the highest number of people. As well, they facilitate and boost the chances of a real estate sale. Listing agents use some combination of the MLS, online portals, print, broadcast and online media to expose a property to the public and real estate agents. The most significant task for a listing agent is communication, among other duties.
What is a Listing Agent: Pricing.
A listing agent earns commission for their brokerage services. They make their money not only by helping to market your home but also by helping you price it. The point is, a seller can never really know the actual value of their home. Pricing it too low may mean losses while rating it too high may scare away potential buyers. That is where an excellent listing agent steps in to help.
The listing agent will study and analyze the prices of similar homes in your area to determine what price range best suits your property. A listing agent pays the selling agent brokerage fee if he or she brings a buyer that results in a sale.
What is a Listing Agent: Marketing.
A listing agent uses various channels to market a home to agents and potential buyers. They enter the property into MLS and put up the for sale sign in the yard. Also, listing agents use affordable media such as print and internet for marketing your property. They can also organize a realtor open house; listing agents will take that opportunity to answer questions buying agents might have about your home.
Also, listing agents can also provide you with counsel on practical ways to market and showcase a house for sale.
What is a Listing Agent: Staging.
Home staging can make or break a deal for any property. Listing agents have a responsibility to help in staging the house for a quicker and better sale. Some of their recommendations may include repairs, remodeling, and rearrangement of furniture. A listing agent should bring in a professional photographer or take professional quality pictures (not cell phone) to capture the best features of your home for marketing. A nicely staged home can command a higher asking price.
What is a Listing Agent: Negotiating offers with the seller.
If a home gets many offers, the agent will present all the offers to the seller and advise them on what price to accept. If a contract is accepted, the agents will be responsible for coordinating inspections, negotiating inspection and appraisal and maintaining communication between the agents for a seamless property close.
Listing agents may also suggest to the seller to contact an attorney for an estimate of closing costs. During the closing process, the listing agent works closely with the selling agent for a smooth closing.
If you choose to work with a listing agent, you enter into a legally binding contract that holds you and the agent accountable for specific terms and conditions. Commission rates for listing agents differ, and they may or may not accept your offer. Despite the importance of a listing agent during a real estate sale, the seller has the final say on all matters about his or her home.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post What is a Listing Agent? appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2017/10/18/what-is-a-listing-agent/
Wednesday, October 18, 2017
What is a Listing Agent?
What is a Listing Agent? A listing agent is a real estate broker that markets the sellers property. They work to market your home to the highest number of people. As well, they facilitate and boost the chances of a real estate sale. Listing agents use some combination of the MLS, online portals, print, broadcast and online media to expose a property to the public and real estate agents. The most significant task for a listing agent is communication, among other duties.
What is a Listing Agent: Pricing.
A listing agent earns commission for their brokerage services. They make their money not only by helping to market your home but also by helping you price it. The point is, a seller can never really know the actual value of their home. Pricing it too low may mean losses while rating it too high may scare away potential buyers. That is where an excellent listing agent steps in to help.
The listing agent will study and analyze the prices of similar homes in your area to determine what price range best suits your property. A listing agent pays the selling agent brokerage fee if he or she brings a buyer that results in a sale.
What is a Listing Agent: Marketing.
A listing agent uses various channels to market a home to agents and potential buyers. They enter the property into MLS and put up the for sale sign in the yard. Also, listing agents use affordable media such as print and internet for marketing your property. They can also organize a realtor open house; listing agents will take that opportunity to answer questions buying agents might have about your home.
Also, listing agents can also provide you with counsel on practical ways to market and showcase a house for sale.
What is a Listing Agent: Staging.
Home staging can make or break a deal for any property. Listing agents have a responsibility to help in staging the house for a quicker and better sale. Some of their recommendations may include repairs, remodeling, and rearrangement of furniture. A listing agent should bring in a professional photographer or take professional quality pictures (not cell phone) to capture the best features of your home for marketing. A nicely staged home can command a higher asking price.
What is a Listing Agent: Negotiating offers with the seller.
If a home gets many offers, the agent will present all the offers to the seller and advise them on what price to accept. If a contract is accepted, the agents will be responsible for coordinating inspections, negotiating inspection and appraisal and maintaining communication between the agents for a seamless property close.
Listing agents may also suggest to the seller to contact an attorney for an estimate of closing costs. During the closing process, the listing agent works closely with the selling agent for a smooth closing.
If you choose to work with a listing agent, you enter into a legally binding contract that holds you and the agent accountable for specific terms and conditions. Commission rates for listing agents differ, and they may or may not accept your offer. Despite the importance of a listing agent during a real estate sale, the seller has the final say on all matters about his or her home.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post What is a Listing Agent? appeared first on Steelbridge Realty LLC.
source http://northfortmyersonline.com/2017/10/18/what-is-a-listing-agent/
Thursday, October 12, 2017
SWFL Real estate after Irma
The case study SWFL Real estate after Irma was presented by Jeff Tumbarello, Broker Steelbridge Realty LLC/ Director SWFL REIA at the SWFL REIA luncheon in October.
Disclosure:
- This presentation is meant to provide some guidance from a statistical point of view.
- This is my work done for my use and shared with you.
- All data exported from MLS and trended with Microsoft excel.
- Data was exported on 10/4/2017
Real estate after Irma: First thing.
- Hurricanes have long had an influence on the Florida Real Estate market.
- The Florida Land Boom in the 20’s was finished off by the 1926 and 1928 hurricanes.
Real estate after Irma: Where is the market today?
Volume Jan thru Sept YTD
Lee County Residential
| 2016 | 2017 | DIFF | |
| Volume | $ 4,084,576,398 | $4,360,981,530 | 6.77% |
| Counts | 14,934 | 15,024 | 0.60% |
Real estate after Irma: Pricing
Jan thru September YTD
Lee County Residential
| 2016 | 2017 | DIFF | |
| Average | $273,509 | $290,268 | 6.13% |
| Median | $205,000 | $220,000 | 7.32% |
Real Estate after Irma: Cash Sales Percentage.
Jan thru September YTD
Lee County Residential
| 2016 | 2017 | DIFF | |
| cash | 6,308 | 6,171 | -2.17% |
| Cash % | 42.24% | 41.07% | -2.76% |
Real Estate after Irma: September versus September Volume
| 2016 | 2017 | DIFF | |
| Volume | $385,989,908 | $278,857,948 | -27.76% |
| Counts | 1,499 | 989 | -34.02% |
Real Estate after Irma: September versus September Pricing
| 2016 | 2017 | DIFF | |
| Average | $257,498 | $281,960 | 9.50% |
| Median | $209,000 | $225,000 | 7.66% |
Here is what the year looks like.
Hurricane Charley:
- Hurricane Charley made landfall in SWFL on 8/13/2004 near the island of Cayo Costa, Florida as a 150 mph (240 km/h) Category 4 hurricane
- The real estate market was in a boom that was beginning to turn into a mania. Charley brought a lot of attention to the market, brought an influx of insurance money and reduced some inventory.
Hurricane Wilma:
- Hurricane Wilma made landfall in Cape Romano, Florida on Monday, October 24, 2005.
- Statistically, I can prove the SWFL Real Estate market had started divergence to the downside in August of 2005. Wilma caused people up north to pause. Rapidly rising prices compounded this.
- Wilma really ended the manias demand. Leverage is what carried any momentum from there.
Real estate after Irma: Some numbers of note.
- August 2004 (Charley Landfall) sales were down -23.92% from the previous month.
- October of 2005 (Wilma Landfall) sales were down -27.07% from the previous month.
- September of 2017 (Irma’s landfall) sales were down -41.24% from the previous month.
Notes:
- I am putting more weight on the trends from Charlie than Wilma due to the current trajectory of the market.
- There are 1610 properties pending in Lee County from the last 60 days.
- In the last 10 days 453 properties have went pending. (10/4/2017)
Where is the market today?
Collier County Residential Volume.
| 2016 | 2017 | DIFF | |
| Volume | $4,244,646,006 | $4,683,933,70 | 10.35% |
| Counts | 7,553 | 7,880 | 4.33% |
Where is the market today?
Collier County Residential Pricing.
| 2016 | 2017 | DIFF | |
| Average | $561,981 | $594,408 | 5.77% |
| Median | $326,150 | $340,000 | 4.25% |
Where is the market today?
Collier County Residential Cash Sales Percentage.
| 2016 | 2017 | DIFF | |
| Cash | 3,813 | 4,083 | 7.08% |
| Cash % | 50.48% | 51.81% | 2.64% |
Where is the market today?
Collier County Residential Volume.
September Only.
| 2016 | 2017 | DIFF | |
| Volume | $ 344,532,804 | $231,008,708 | -32.95% |
| Counts | 700 | 422 | -39.71% |
Where is the market today?
Collier County Residential Pricing.
September Only
| 2016 | 2017 | DIFF | |
| Average | $ 492,190 | $547,414 | 11.22% |
| Median | $ 320,000 | $330,000 | 3.13% |
Where is the market today?
Collier County Residential Cash Sales Percentage.
September Only
| 2016 | 2017 | DIFF | |
| Cash | 332 | 211 | -36.45% |
| Cash % | 47.43% | 50.00% | 5.42% |
Hurricane Charley Sales Counts Patterns for Collier.
Real Estate After Irma: Some Thoughts.
- Irma will be a more significant event for Collier and Bonita.
- Kudos to the new building codes. The new construction industry should benefit.
- Older resale’s may have issues with sentiment going forward. Especially older waterfront resale’s.
- Watching the pending thru February will be on my radar. As will the foreclosure filings.
- There will be opportunities in the non-bank distressed market.
- Insurance companies appear to have gotten better at mass events in relation to loss prevention. I have spoke with several people where the insurance company has “approved vendors”. This will have an affect on local contractors.
Real Estate After Irma: Foreclosures.
- I have seen interviews with public and private individuals referring to a bump in the foreclosures.
- You have to understand the timeline to understand the possible trends.
- The earliest a foreclosure will be filed is roughly 90 days from today. Then you have generally a 6 month process.
- Due to our high percentage of cash sales since 2009. It is unlikely to trigger a mass event like the end of the last cycle.
~ Stay tuned (subscribe and follow) for updates going forward.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post SWFL Real estate after Irma appeared first on Steelbridge Realty LLC .
source http://northfortmyersonline.com/2017/10/12/swfl-real-estate-after-irma/
Thursday, October 5, 2017
Tuesday, October 3, 2017
Do not confuse active listings with past sales.
A very common mistake many sellers make when attempting to price their property for is to place a lot of weight on active listings instead of closed sales. The best way I know to describe it is that some list prices are the property owners unrequited dream. That dream doesn’t become reality until a ready, willing and able buyer purchases the home.
Do not confuse active listings with past sales: The market is very defined.
I equate the current market to a very defined channel, a creek even. Due to the lack of quality well priced inventory the creek is fast moving.
The key to getting caught up in the current velocity (metaphor for how the market moves) of that creek is be close enough to the weather. If you price the property too high using active listings versus closed sales. You will be too far up the bank and not able to get your toe in the water.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post Do not confuse active listings with past sales. appeared first on Steelbridge Realty LLC .
source http://northfortmyersonline.com/2017/10/03/active-listings/
How to price your home
how to price your home can be a daunting process. There are many reports in the media and anecdotally in the market place of homes selling for quickly at or above asking price. Because of that, sellers these days often expect their home to sell in just a few weeks or even days. I had a past experience where I sold a home in just a few days. That home was priced right in a market with high demand and no inventory.
How to price your home: Subdue your passions.
It’s natural to have an emotional attachment to your home, but this can cloud your objectivity in determining its market valuation– that is, what another person else will pay when it comes to it.
How to price your home: Get the facts.
You may have relevant information about what a neighbouring property sold for, but this is of limited use unless you are intimately knowledgeable the facts and history of that property, inside top to bottom out. Has there been extensive renovations, past water damage, a new roof, an extra bedroom?
How to price your home: It is YOUR property and YOUR decision.
The list price tag is your decision, nevertheless for the reasons just given, it’s wise to seek professional assistance when determining that price.
A Licensed real estate expert can obtain detailed information about the listing price, selling price and other attributes of the homes that have sold recently in your neighbourhood, and which information can easily be very useful. A professional can help to interpret what all of that information means for you.
How to price your home: If it does not sell quickly.
The limited rate of interest in your home may be a function of more than just the price. A sales representative can get feedback from those who have viewed the property or their representative. They can help estimate out if the price is the genuine issue, or whether there are other factors, like the décor, the need for repairs, the landscaping, or the age of your home’s major systems, this type of as HVAC, electrical, plumbing or roof.
You should know that not all real estate professionals will have the same level of knowledge and experience to give or express opinions advice about the valuation of real property.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post How to price your home appeared first on Steelbridge Realty LLC .
source http://northfortmyersonline.com/2017/10/03/how-to-price-your-home/
Friday, September 29, 2017
Libraries in North Fort Myers
Libraries in North Fort Myers Address: 2001 N. Tamiami Trail N.E. North Fort Myers, FL 33903
The North Ft Myers Public Library is a active community library, offering a varied and diverse populace. North Ft Myers Town library has a full collection of prominent products, including publications, DVDs and also CDs for grownups, teens as well as kids. The library has a wealth of books.
Directions to North Fort Myers Public Library
A new library is being built in its existing location. In order to begin construction, we will be moving basic library services to a temporary location.
**Due to the impact of Hurricane Irma we have rescheduled the move date a second time to the following:
We are planning to close the existing North Fort Myers library after 5 p.m. on Saturday, October 7.
We will re-open at the temporary location on Tuesday, October 10 at noon.
The temporary space is located a quarter of a mile from the existing library and on the same bus route at
50 Pine Island Road North Fort Myers, FL 33903
Libraries in North Fort Myers: Hours for the temporary location:
Monday – Closed
Tuesday – Noon to 8 p.m.
Wednesday & Thursday – 10 a.m. to 6 p.m.
Friday & Saturday – 9 a.m. to 5 p.m.
Libraries in North Fort Myers: Standard services.
Public computer systems
Holds pick-up
New Products
Popular products (book & DVDs).
Grownup & young people programs area.
Referral Solutions.
On-line directory to position holds.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post Libraries in North Fort Myers appeared first on Steelbridge Realty LLC .
source http://northfortmyersonline.com/2017/09/29/libraries-in-north-fort-myers/
Thursday, September 28, 2017
5 Mistakes Homeowners Make When Cleaning Up Property Damage.
Cleaning Up Property Damage guide for homeowners. When your home has suffered a catastrophic loss, your first instinct may be to immediately start cleanup and repairs. It’s hard to hold off when faced with a major mess like a fire-gutted kitchen or flooding caused by burst pipes. But resist the urge to clean up damage right away. There are steps you must – and must not – take when you have an insurance claim.
Your insurance policy is a contract with your insurer, and that contract spells out your responsibilities following a loss; you don’t want your insurer to deny any claims or losses because you didn’t follow the correct policy procedures. Here are the five most common mistakes homeowners make when they clean up damage after a disaster.
Your insurer will want to come out and inspect your property before any repairs begin. If you start repairs before then, the insurer may not pay for all or part of the damages, leaving you to cover some of the costs yourself.
Do not throw any damaged items away until your insurer has authorized you to do so. This includes receipts, credit card statements and bank statements, all of which will help support your claim about the values of the lost property. Your policy requires all damaged property to be available for inspection at any time throughout the claim, so don’t prematurely dispose of precious evidence.
The conditions section of your insurance policy includes a clause that requires you to mitigate or prevent further damage to your property. Make temporary repairs like putting a tarp over your roof, or boarding up broken windows, but stop short of removing any evidence of damage.
Inspect the entire property, including basements, attics and outdoor structures. Check the roof for leaks, the foundation for cracks, and make sure your heating and air conditioning systems are working. Make a detailed written list of any damage you find, and be sure to take plenty of photographs.
When your loss is large, it’s a good idea to obtain the assistance of a licensed public adjuster who will handle all aspects of your claim, including assistance with preparing your inventory and finding temporary housing.
I have had two major real estate related insurance claims. A partial loss due to Hurricane Charlie and a total loss where a rental property we owned burnt down. The partial losses are trickier and very subjective. Make sure you know what you are doing or get someone involved who does.
In the end, it’s only stuff. You will rebuild and life goes on.
Let us know if we can help.
Thinking of selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post 5 Mistakes Homeowners Make When Cleaning Up Property Damage. appeared first on Steelbridge Realty LLC .
source http://northfortmyersonline.com/2017/09/28/cleaning-up-property-damage/
Saturday, September 23, 2017
Cape Coral Gulf Access Opportunity
The address of the Cape Coral Gulf Access Opportunity is 4219 SW 13TH AVE CAPE CORAL, FL 33914
List Price: $309,900
4219 SW 13th Ave, Cape Coral, FL 33914
Cape Coral Gulf Access investment opportunity with location, location, location! This 2,352 square foot 4 bedroom 3 bathroom two story home is located in a sought after area of Cape Coral! The upstairs is a small suite (no kitchen), with its own entrance, yet fully connects to the home. This enables this home to be used by a multi generational family. Located in the HOT area of (Chiquita and Mohawk) Southwest Cape Coral. This home features access to shopping, dining and medical care. You are 30 minutes from the airport (RSW). The canal leads to a large basin before it leads to the river. Located in the SW2 area for water and sewer so the balances are low and only have a few years left. This property needs work, but is priced accordingly. It’s a great opportunity for a savvy investor or homeowner looking for a handyman special with an eye on lifestyle! We have a quote to repair the boat lift, please inquire. One of the members of the LLC is a Licensed Real Estate Broker. The downed palm tree will be removed.
Here is a link to the property appraiser site for this home
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information on this Cape Coral Gulf Access investment opportunity call 239 694 3300 or use the form below.
The post Cape Coral Gulf Access Opportunity appeared first on Steelbridge Realty LLC .
source http://northfortmyersonline.com/2017/09/23/cape-coral-gulf-access/
Friday, September 22, 2017
Real estate in North Fort Myers, Florida
If you are interested to buy or sell Real Estate in North Fort Myers, Florida real estate, consider Steelbridge Realty LLC. This is a licensed real estate brokerage company that uses data driven real estate solutions and cutting edge marketing techniques in today’s ever changing environment. The realtor company is located in North Fort Myers, Fl.
During the previous recession, the housing market in the state of Florida was among the hardest hit. However, since then, the Sunshine State made a full recovery. At the forefront of the Florida market are cities as Fort Myers and North Fort Myers. The real estate market in this area is on par with more popular counterpart Miami.
The real estate market in North Fort Myers keeps showing strong signs of growth. The recent rate of property appreciation in this area is of particular interest. Homeowners in the North Fort Myers have seen strong equity return to the area. The North Fort Myers, Florida housing market is strongly supported by the local economy.
The region’s job sector keeps supporting both demand and supply. As the entire state of Florida enjoys a strengthen economy, employment numbers are on an upward trend. North Fort Myers is also among the beneficiary of statewide actions that aim to increase employment.
A strengthening economy has led to a renewed interest in focusing on new housing construction in the North Fort Myers area. A dramatic increase has been registered, in particular, in single-family housing permits. However, even in the face of high appreciation rate, the housing market in North Fort Myers continues to remain affordable. This affordability is instrumental in maintaining steady growth.
A promising job sector and lower prices are attractive to younger Americans. In particular millennials have found North Fort Myers a desirable location and are purchasing homes in this particular area.
North Fort Myers, located on the northern shore of the Caloosahatchee River, features a refreshing blend of town and country. Thanks to tropical riverbanks, inviting horse farms and ancient moss-draped oaks, true Southern ambience is exuded by the lush landscape. Horseback riding is a unique way to observe local wildlife and explore the landscape on inland nature trails.
These are just a few of the natural attractions that make this place such a sought after real estate area. Do not hesitate to call Steelbridge Realty LLC if you are interested to buy or sell real estate in North Fort Myers, Florida.
Thinking of buying or selling? We would love to sit down and discuss your options.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.
For more information call 239 694 3300 or use the form below.
The post Real estate in North Fort Myers, Florida appeared first on Steelbridge Realty LLC .
source http://northfortmyersonline.com/2017/09/22/north-fort-myers-florida/
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