Americans Favor Homeownership as an Investment

Given the option, most Americans favor homeownership homeownership over stocks. Let’s connect today if you’re ready to enjoy the financial benefits of homeownership.

April 23rd, 2021 Posted by NaplesGolfGuy

Vineyards Golf Home Sold in Tierra Lago

Congratulations to our clients from South Carolina who just bought this this Vineyards Golf Home in the Teirra Lago neighborhood. The Vineyards is a private Naples Golf Community, one of the few communities with two golf courses.

Vineyards CC Golf Home – 937 Tierra Lago Way – Sold Price $815,000

More About This Vineyards Golf Home Sold

This detached villa features spectacular views of a scenic lake and golf course. A large open floor plan with high ceilings with a vast expanse of windows and sliders. Recently renovated the villa is move in ready. The Tierra Lago neighborhood in The Vineyards is an exclusive subdivision with lush tropical landscaping and convenient amenities.

• Three Bedrooms
• Four Bathrooms
• 2,798 Square Feet Under Air
• Golf Course View
• Built in 1995

More About the Vineyards Country Club

Membership in The Vineyards Country Club is optional. This private golf club offers 36 holes of championship golf, world-class practice facilities as well as 12 tennis courts, and a brand new state of the art fitness center and spa with a resort-style pool. For those interested in additional outdoor amenities, the club includes walking paths and pickleball.

The clubhouse is in the final stages of renovations, and there will be multiple dining options available. There are several membership options at The Vineyards, so there’s something for everyone! The Vineyards is centrally located with convenient access to downtown Naples, Mercato, the expressway, beaches and north Naples. Additionally, just outside the community is award winning Physicians Regional Hospital providing easy access to healthcare.

A fantastic luxury home, in an award-winning community, in the perfect location!

Find Your Dream Home

It’s The Right Time To Sell

Is now the right time to sell your home? It is a seller’s market which means there are fewer homes for sale compared to the number of buyers who are interested in purchasing a property. If you’ve been considering listing your property, here are some of the reasons that make NOW the right time to sell.

More Reasons It Is The Right Time to Sell

• In 2020, 34 percent or one in three single-family home sellers received their original list price or higher.
• In November of last year, over 40 percent of sellers received their list price or higher.

If you are considering selling, now is a great time to sell for maximum profit. Let’s connect to discuss your home’s value – 239-370-0892.

Ready to Sell Your Second Home in Naples? Why Work with an Experienced Real Estate Agent

April 20th, 2021 Posted by NaplesGolfGuy

Below, Above or at List Price? How Much To Offer On a House

So, you’ve decided you are ready to buy a home in Naples for you and your family but your not sure home much to offer on a house. The dilemma, submit an offer above, below or at list price? Figuring out how much to offer on your home can be a challenge.

You’ll want to submit an offer that is competitive, yet not overpay for the property. Here are some factors to consider when deciding how much to offer on a house.

Is It A Seller’s Market Or A Buyer’s Market?

Market conditions play a large role in how much you should offer to pay for a property. If it is a seller’s market, you are likely competing with multiple offers. Depending on how low the inventory level is in the community, the fewer the homes available for sale the more of an impact it will have on your offer price.

Right now, in the Naples area there’s only a 2-months supply of homes available to buyers. So, depending on the community, you may need to offer list price or above list price to secure the deal.

On the other hand, if you were in a seller’s market, as a buyer you would be in the driver’s seat. In a seller’s market, there are more homes available than buyers. In that case, you may be able to offer as low as 90 percent of list price.

Regardless of what type of market you are in, a good indicator of what you should expect to pay for a home is the percentage of list price homes are selling for in a neighborhood. If they are selling at 93 percent of list, an initial offer at 90 percent of list is a good place to start. However, in today’s market, you may have to pay at or above list price to purchase your desired home.

How Many Other People Are Interested In The Property?

In today’s market, it is not uncommon for there to be so much interest in a property that you may be competing against multiple offers. Have you gone to an open house recently only to find 6 other couples there at the same time?

With so few homes on the market, it is common to end up in a bidding war. You may be in a situation where you need to submit your highest and best offer for your very first offer.

Also, it is highly likely there will be a short deadline to make your offer. Don’t be surprised if your agent tells you all offers need to be submitted by 5 pm today. Be prepared to move quickly once you find a property you want to by. Have all accompanying documentation ready to go such as a loan preapproval letter if you are using financing or proof of funds if you are paying cash.

Either way, your agent will help you decide how much to offer on a house when you are up against multiple offers. There are a few strategies you can employ to help increase your chances of coming out on top in a multiple-bid situation such as an escalation clause.

Who Are You Competing With For the House?

When multiple buyers are submitting offers on a property it’s important to know what type of buyers you are competing against. For example, are there a lot of cash buyers?

The latest reports for the Naples area shows cash sales accounted for 57.9 percent of all closed sales during February. Even though interest rates remain at historic lows, many buyers are purchasing homes with cash as it provides leverage during the sales process.

So, there’s a good chance if there is high interest in a property, there will be multiple cash offers. And, offers which include financing will be viewed as a weaker offer when your competing against a cash offer. As a result, many buyers are waiving financing and other contingencies to strengthen their offer.

It is very important to understand the consequences of waiving contingencies before you make your offer.

How Long Has The Home Been Listed?

By looking at the number of days a property has been listed compared to the average days on market in a given area, you can get a better idea of the demand for that house.

If homes are selling within a day or two of listing then you will probably need to come in at list price or above to win the deal. The longer properties are on the market in a community, the more flexibility you will have on submitting a competitive bid without overpaying for the home.

Also, by paying reviewing the property history, you can gain insight into how much demand there is for the property. Has the seller lowered the price recently? If a seller has done a significant price reduction, they may be at their limit and therefore there may not be much room for negotiating.

A good real estate agent will have access to this information through the multiple listing service (MLS). Ask your agent to pull this information, and use it as one point of reference as you work together to decide on your offer price.

How Does The Home Compare to Similar Homes in The Area?

Now that you have a sense of the type of market you are faced with, it is time to look at comparable sales in your desired neighborhood. Ask your agent to do a comparative market analysis (also referred to as comps or CMA). The report will show you the list and sale price for similar properties which have sold recently.

A key factor in getting a fair price on your new home is knowing the current market value. The comparable properties will help you determine a starting point for making an offer. For example, if a similar property in the neighborhood is listed for $10K less, then you might submit an offer $10K below asking price, provided the two properties are similar.

You’ll need to understand the differences between properties sold or for sale to be sure you are paying a fair price. For example, what type of view would you have? Does it have a pool? Several factors can impact the value of one compared to the other. Understanding the difference will be the first place to start when determining what price to offer on a home.

How Badly Do you Want The Home?

Last but not least, how much do you really want the home? Ask yourself: How would you feel if your offer was rejected? Or will you have buyers remorse? The final piece of the equation on how much to offer on a house comes down to the answer to these questions.

If you think you can move on and find another property which will meet your needs, make an offer you are comfortable with, one where you don’t feel like you are overpaying for the home.

Or, if you’ve been looking for months and you finally found your dream home, make an offer which can’t be refused. I have yet to have a client tell me they paid to much for a property they loved.

In the end, only you can decide how much you are willing to offer. In a competitive market, an experienced real estate agent will help you navigate the the home buying process.

If you are considering Southwest Florida, let us be your guide. We will handle all contract negotiations with paperless transactions for your property from offer to close.

April 18th, 2021 Posted by NaplesGolfGuy

Positano Condo Under Contract

Listed and pending in just 2 days, this fabulous Positano Condo Under Contract is an end-unit that is bright, sunny and move in ready. Conveniently located less than 5 miles to the beach and just minutes to Mercato and Downtown Naples. Safety precautions will be in place for your convenience.

Positano Condo Under Contract – 12940 Positano Cir. #307, Naples FL 34105

More About This Positano Condo:

This Monaco floor plan is open and spacious. The condo has crown molding in the living areas, premium stainless steel kitchen appliances, gray contemporary cabinetry, stunning back splash, and modern fixtures. Also, it was recently updated with gray wood composite cork flooring and carpet in the bedrooms. Most notably, this model is the only one that includes a 2-CAR DETACHED GARAGE in the community as well as an additional assigned parking spot.

• Three Bedrooms
• Two Bathrooms
• 1,239 Square Feet
• Two Car Garage
• Built in 2006
• Partially furnished

Finally, residents have access to a Clubhouse with resort-style pool and spa, fitness center, billiards room, business center, media room, indoor/outdoor kitchens, playground, car wash and BBQ areas.

For more information about this property, contact Mike Pepple at 239-777-8870 or email Mike@NaplesGolfGuy.com

April 15th, 2020 Posted by NaplesGolfGuy

Why This Is a Great Year to Sell Your Vacation Home

Are you ready to sell your vacation home in Naples? The demand is high and supply is limited. Bottom line is it’s a seller’s market. Existing homeowners are selling their homes at maximum prices, often times above list price.

As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports:

Naples February Sales Report for Week of The 8th

The latest real estate reports show Naples February Sales Report for the second the week of the month showed 426 Homes Sold up from 355 the week before. The highest priced home sold during the week came in at $39 Million in Port Royal.

North Naples returned to the top spot with 83 real estate transactions up from 55 transactions the week before. Of the 83 property sales, 40 percent were single family homes and 57 percent were condos. The other North Naples sales were vacant lots.

East Naples slid to the second position with 80 property sales up slightly from 76 during the previous week. Home sales consisted of 8 percent vacant lots, 22 percent single family homes and 68 percent were condos. The remaining sale in the area was a mobile home.

Finally, the City of Naples rounded out the week with 56 home sales up from 49 sales during the prior week. Naples homes sales were made up of 5 percent vacant lots, 36 percent single family homes and 59 percent condos. 

In summary, the latest real estate transactions review for the week of February 8th shows Naples homes sold were broken down as follows: 199 condos, 148 single family homes, 77 vacant lots and 2 mobile homes sold throughout Collier County.

Naples Luxury Home Sales Report

Sixty-Five Naples luxury homes sold during the week. Luxury home prices ranged from $1,000,000 to $39,000,000.

• $1,000,000 – $1,999,999 price range – 39 homes sold
• $2,000,000 – $2,999,999 price range – 10 homes sold
• $3,000,000 – $4,999,999 price range – 11 homes sold
• $5,999,000 – $9,999,999 price range – 2 homes sold
• 10,000,000 plus – 3 homes sold

Naples February Home Sales Report – Organized by zip code:

City of Naples

• 34102 – 20 properties sold (2 vacant lots, 7 single family homes and 11 condos)
• 34103 – 19 properties sold (6 single family homes and 13 condos)
• 34105 – 17 properties sold (1 vacant lot, 7 single family homes and 9 condos)

North Naples

• 34109 – 26 properties sold (12 single family homes and 14 condos)
• 34110 – 25 properties sold (1 vacant lot, 6 single family homes and 18 condos)
• 34119 – 32 properties sold (2 vacant lots, 15 single family homes and 15 condos)

East Naples

• 34104 – 22 properties sold (2 vacant lots, 7 single family homes and 13 condos)
• 34112 – 28 properties sold (1 mobile home, 2 vacant lots, 4 single family homes and 21 condos)
• 34113 – 30 properties sold (3 vacant lots, 7 single family homes and 20 condos)

Ave Maria and Immokalee

• 34142 – 8 properties sold (5 vacant lots, 5 single family homes and 1 condo)

Barefoot Beach

• 34134 – 9 properties sold (5 single family homes and 4 condos)

Big Cypress

• 34117 – 17 properties sold (12 vacant lots and 5 single family homes)

Chokoloskee

• 34138 – 1 property sold (1 condo)

Coco River

• 34108 – 24 properties sold (2 vacant lots, 9 single family homes and 13 condos)

Copeland

• 34137 – 1 property sold (1 single family home)

Corkscrew

• 34120 – 52 properties sold (28 vacant lots, 18 single family homes and 6 condos)

Eastern Collier County

• 34114 – 42 properties sold (1 mobile home, 10 vacant lots, 14 single family homes and 17 condos)
• 34116 – 7 properties sold (6 single family homes and 1 condo)

Marco Island

• 34145 – 43 properties sold (7 vacant lots, 14 single family homes and 22 condos)

Positano Condo Just Listed

This fabulous Positano Condo just listed is an end-unit that is bright, sunny and move in ready. Conveniently located less than 5 miles to the beach and just minutes to Mercato and Downtown Naples. Safety precautions will be in place for your convenience.

Positano Place – 12940 Positano Cir. #307, Naples FL 34105

More About This Positano Condo Just Listed:

This Monaco floor plan is open and spacious. The condo has crown molding in the living areas, premium stainless steel kitchen appliances, gray contemporary cabinetry, stunning back splash, and modern fixtures. Also, it was recently updated with gray wood composite cork flooring and carpet in the bedrooms. Most notably, this model is the only one that includes a 2-CAR DETACHED GARAGE in the community as well as an additional assigned parking spot.

• Three Bedrooms
• Two Bathrooms
• 1,239 Square Feet
• Two Car Garage
• Built in 2006
• Partially furnished

Finally, residents have access to a Clubhouse with resort-style pool and spa, fitness center, billiards room, business center, media room, indoor/outdoor kitchens, playground, car wash and BBQ areas.

For more information about this property, contact Mike Pepple at 239-777-8870 or email Mike@NaplesGolfGuy.com

April 13th, 2020 Posted by NaplesGolfGuy

Southwest Florida February Home Sales Review

The latest Florida February Home Sales review for Bonita Springs, Estero and Southern Fort Myers for the week of the 20th showed there were 351 properties sold.

Southern Fort Myers moved back into the first position with 149 real estate transactions. Sales were as follows: 19 percent vacant lots, 26 percent were condos and 52 percent were single family homes. The remaining Fort Myers properties sold were commercial units.

Bonita Springs rounded out the week in the second position with 118 real estate transactions. Of the 118 real estate sales, 4 percent were mobile homes, 17 percent were vacant lots, 33 percent were condos and 43 percent were single family homes. The other property sales were a multi-family unit and a commercial unit.

Finally, Estero slid to the third spot with 78 property sales. Home sales were split between multiple property types. Of the 78 home sales, 5 percent were mobile homes, 27 percent were condos and 42 percent were single family homes. The remaining real estate transactions was a commercial unit.

In review, based on the real estate transactions report for the week of Feb 20th, property sales were broken down by the following types in Southwest Florida: 110 condos, 166 single family homes, 57 vacant lots, 8 mobile homes, 9 commercial unit and 1 multi-family unit.

Southwest Florida February Home Sales by zip code

Bonita Springs

• 34134 – 33 properties sold (2 mobile homes, 4 vacant lots, 13 single family homes and 14 condos)
• 34135 – 85 properties sold (1 multi-family unit, 2 commercial units, 3 mobile homes, 16 vacant lots, 38 single family homes and 25 condos)

Southern Fort Myers

• 33912 – 36 properties sold (1 commercial unit, 13 single family homes and 22 condos)
• 33913 – 80 properties sold (3 commercial units, 22 vacant lots, 39 single family homes and 16 condos)
• 33967 – 33 properties sold (1 commercial unit, 6 vacant lots and 26 single family homes)

Estero

• 33928 – 52 properties sold (1 commercial unit, 4 mobile homes, 22 vacant lots, 20 single family homes and 8 condos)
• 33967 – 11 properties sold (8 single family homes and 3 condos)
• 34134 – 2 properties sold (1 single family home and 1 condo)
• 34135 – 13 properties sold (4 single family homes and 9 condos)

Miromar Lakes

• 33913 – 6 properties sold (1 vacant lot, 2 single family homes and 3 condos)

Southwest Florida Sales Reports:

Lee County Real Estate Transactions Week of Feb. 20th 2021

Naples Golf Guy Monthly News Letter

SWFL Luxury Golf Community Trends

Naples Area Market Report

Lee County Market Report

Top 4 Reasons to Own a Home

Owning a home can have an incredible impact on your quality of life. Here are 4 reasons homeownership will have a positive impact on your lifestyle.

Top 4 Reason to Own a Home

• Privacy – Having space that is solely your own.
• Financial Investment – Opportunity to grow your assets and wealth.
• Stability – Having control of your future direction and security.
• Comfort – Having amenities and features that enhance your daily experience.

Let’s connect if you’re ready to make your dream of homeownership a reality.

Begin Your Own Property Search:

April 9th, 2021 Posted by NaplesGolfGuy