Naples FL Real Estate

Jul
24

Esplanade Golf and Country Club Naples

by , under Bundled Golf Community Home, Esplanade Naples, Naples FL Real Estate

Last Week’s Triva Answer
A: The Quarry. The first correct answer was from Dr. Richard Wells. Please email me at Ron@AskTheBear.com to receive your $50 giftcard
This week’s trivia
Q: No trivia this week, but an update on Vanderbilt’s Clubhouse Expansion and New Fitness Center. Watch: http://youtu.be/yhPxfRrCQ-s

Active Listings- All Communities

NAPLES BUNDLED GOLF REPORT for July 15-July 21, 2013
Community Name ACTIVE LISTINGS NEW SALES NEW LISTINGS PRICE REDUCTIONS CLOSINGS
Cedar Hammock 33 1 1 0 1
Forest Glen 34 2 2 0 2
Heritage Bay 53 4 2 0 3
Naples Heritage 30 0 0 0 1
The Quarry 21 5 4 1 1
Treviso Bay 9 0 5 0 0
Twin Eagles 26 2 0 0 0
Vanderbilt C C 30 1 0 1 0
TOTAL 236 15 14 2 8
Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
May
22

Naples FL Bundled Golf and Resale Homes Vanderbilt Country Club

by , under Bundled Golf Community Home, Bundled Golf Homes for Sale, Bundled Golf Naples FL Real Estate, Bundled Golf Naples FL Rentals, Naples FL Real Estate, Naples FL Trivia Question, Private Golf Naples FL, Vanderbilt Country Club Renovation

THIS WEEK’S QUESTION:

Should the main clubhouse pools (in Golf Communities) allow smoking? YES or NO. Please respond by e mail to ron@askthebear.com with “YES” or “NO” in the subject line. This is a pure lottery, one e mail shall be selected. $50.00 FLEMING’S STEAKHOUSE

Last week’s trivia question:

Q.  The featured home sits on a green and a fairway. What are the hole numbers. Here’s the link to the video :

http://www.youtube.com/watch?v=XIe86kzXLQw&list=UUcE35B3nSQwQ0bm03moCAAA&index=1

A. The correct answer is #2 green, #3 fairway. The winner is Mr. John Stockman. Please send me an e mail with your mailing address

Quarterly Report All Communities

ALL NAPLES  ACTIVE GOLF LISTINGS

NAPLES GOLF REPORT May 19th 2013      
     ACTIVE      SALES      NEW    REDUCED       CLOSED
Cedar Hammock 38 0 1 1 1
Cypress Woods 24 0 0 0 2
Forest Glen 33 1 0 0 1
Glen Eagle 35 1 2 0 1
Heritage Bay 56 2 3 1 2
Naples Heritage 34 1 2 1 2
Naples Lakes 40 1 1 1 0
The Quarry 22 0 0 1 0
Treviso Bay 5 0 0 0 0
Twin Eagles 28 0 0 1 2
Vanderbilt C C 41 1 1 1 1
TOTAL 356 7 10 7 12

Again, for the detailed summary of Active/Solds/Pendings/Closed, just click on the name of the community you want to check on

Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
May
06

Bundled Golf Report May 6, 2013 – Naples, FL Rentals and Resales

by , under Bundled Golf Community Home, Bundled Golf Homes for Sale, Bundled Golf Naples FL Open Houses, Naples FL Information, Naples FL Real Estate, Private Golf Naples FL, Vanderbilt Country Club Renovation

I am pleased to offer you some very exciting news involving single family homes here in Naples! If you purchase a new home through me at Heritage Bay and close prior to May 31st, 2013….  I will guarantee $20,000 in rent for the upcoming winter. This is a three car garage 2600 square foot home loaded with goodies for $569,000. Check out the view from the back of this house:

Also- same deal on a 2270 square foot home at Twin Eagles, summer kitchen and all the goodies from $489,000.

Trivia Question for the Week:

The winner last week was Bobby and Penny Lafreniere of Vanderbilt Country Club. This week’s question:

What is the most expensive home currently listed at Heritage Bay? One $50 giftcard to the first winner!

Bundled Golf Naples FL / Private Golf Naples FL Real Estate Reports

Naples FL Quarterly Reports
Bundled Golf & Private Golf Naples FL Active Listings

NAPLES GOLF REPORT May 5th 2013        
  ACTIVE SALES NEW REDUCED CLOSED  
Cedar Hammock 36 1 0 1 1  
Cypress Woods 23 0 2 0 0  
Forest Glen 34 1 3 1 2  
Glen Eagle 36 2 0 2 2  
Heritage Bay 57 0 0 1 7  
Naples Heritage 33 1 0 0 0  
Naples Lakes 45 2 0 2 4  
The Quarry 35 2 0 2 1  
Treviso Bay 6 1 0 0 0  
Twin Eagles 29 2 0 1 0  
Vanderbilt C C 38 0 0 1 2  
TOTAL 372 12 5 11 19  
             
“This information while deemed accurate is data derived from M.L.S. of Naples and the participating member Brokers and their property listings.”
Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
Mar
12

Naples FL Golf Communities Real Estate & Where Am I Now?

by , under Bundled Golf Naples FL Real Estate Reports, Naples FL Real Estate, Naples FL Trivia Question

This was another blockbuster week for sales activity. 23 sales versus 17 new listings. The smaller units 1,100 to 1,300 square feet have not been picked up yet. My best guess is that they will (a rising tide lifts all boats), but it will require more price differential. Either they will come down, or the larger units must come out to create that larger void.

Naples FL Trivia
There was some confusion in the way I presented the two videos last week. For the record, http://www.youtube.com/watch?v=mAIn_pda-CQ&feature=youtu.be  This was the Quality Inn located on South Collier Blvd at Golden Gate Parkway. We already had a winner for this one and they were awarded $150.00

The current Trivia video is http://www.youtube.com/watch?v=Y_SZk6CsWf4&feature=youtu.be  It is a well known golf course Zip code 34120 and will be worth $100.00 to the winner. I have certificates to Heavenly Ham, California Pizza Kitchen, and McCormick & Schmick’s.

Bundled Golf Naples FL and Private Golf Naples FL Real Estate Reports
Bundled Golf & Private Golf Naples FL Quarterly Reports

Bundled Golf & Private Golf Naples FL Active Listings

NAPLES GOLF REPORT March 11th 2013
ACTIVE SALES NEW REDUCED CLOSED
Cedar Hammock 43 4 1 3 1
Cypress Woods 27 3 3 0 1
Forest Glen 43 0 2 2 0
Glen Eagle 54 2 1 3 0
Heritage Bay 56 4 3 2 0
Naples Heritage 33 4 3 1 1
Naples Lakes 50 0 0 2 0
The Quarry 25 5 1 0 1
Treviso Bay 5 0 0 0 1
Twin Eagles 37 0 1 0 1
Vanderbilt C C 45 1 2 7 1
TOTAL 418 23 17 20 7
“This information while deemed accurate is data derived from M.L.S. of Naples and the participating member Brokers and their property listings.”
Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
Aug
02

Answers to Your Questions about Online Bundled Golf Naples FL Real Estate Valuations

by , under Bundled Golf, Naples FL, Naples FL Information, Naples FL Real Estate

I’ve been getting a lot of questions about the estimated Bundled Golf Naples FL real estate values provided by online sources, so I thought I’d answer a few of the most frequently asked questions here today.

Why is the price you think my home can sell for different than the estimated home values provided by online real estate sources?

Because computer programs set those prices. Here’s how it works in general.  A computer pulls the description of your Bundled Golf Naples FL real estate from public records.   Using that extremely basic information, such as square footage and number of bedrooms and bathrooms, the computer comes up with a price for your home.

Computer programs cannot personally visit your home and other homes in your neighborhood to see the differences and similarities.  For example, they cannot see that your home has recently been painted and renovated.

Are there any circumstances in which those computer generated values are at least fairly accurate?

The estimated home values could be in the ballpark if all the following are true:

  • Your home is in a subdivision in which homes are very similar;
  • Several homes just like yours have sold recently;
  • Homes are not being sold as short sales or going into foreclosure;
  • Your home is newer and has not had a major renovation or addition that is not in the public records.

While it’s fun to go online to see what your neighbor’s home sold for, don’t use that information as the final word on what your home could sell for in today’s market.

If you’d like a free, in-person, professional analysis of what your Bundled Golf Naples FL real estate could sell for in today’s market, give me a call today at 239/850-1366 or email me at Ron@AskTheBear.com.  No obligation, just information.

Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
Jul
29

Article of interest from NAR – June existing-home sales slip, but prices stabilize

by , under Naples FL Information, Naples FL Real Estate

Periodically I will read an article and want to share it with my readers.

NAR: June existing-home sales slip, but prices stabilize

If you have any questions or comments – please leave them below or just Ask The Bear!

I hope you have a wonderful weekend!

Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
Jul
27

Stumbling Blocks to Selling Your Naples FL Real Estate as a Short Sale

by , under Naples FL Information, Naples FL Real Estate

You want to avoid a foreclosure on your Naples FL real estate so you’re decided to try to sell it as a short sale.  Unfortunately, there are several stumbling blocks that can keep you from successfully selling your home as a short sale.

Here are four short sale killers you should be aware of before deciding to sell your Naples FL real estate as a short sale:

1.      You have not defaulted on your mortgage. Lenders will almost never accept requests for short sales until you are significantly behind in payments and have received a notice of default.

2.      You filed for bankruptcy. If you’ve filed for bankruptcy, a short sale will most likely not happen. Few, if any, lenders will consider a short sale when the seller has filed for bankruptcy.  This is because collection activities are not allowed in bankruptcies and a short sale is considered a collection action.

3. More than one lender is involved. If you have a second or third mortgage (or home equity loan or line of credit), all the lenders must agree to the terms of the short sale. Unfortunately, this is often difficult because the second or third lenders are the ones who absorb most of the loss.  If you have more than one lender, and you want to try for a short sale, do a title search to verify the first and primary lender.  Making a deal with the second or third lender is a waste of time because you’ll still owe the first lender.

4.      The lender drags his feet. Many short sales fail because the lender fails to complete the deal before the property goes to auction.  Get the lender to move faster by making sure he has everything he needs in one concise package.  If the lender doesn’t get everything at one time, he tends to set the file aside and forget about it.  You can also speed up the process by working with a real estate agent who is experienced with and knowledgeable about short sales.

If you have additional questions on short sales, foreclosures or any other Naples FL real estate related topics, please give me a call at 239/850-1366 or email me at Ron@AskTheBear.com.  I’m happy to help.

Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
Jul
20

Naples FL Real Estate Investing: Buying a Short Sale Steps 6 through 10

by , under Naples FL Information, Naples FL Real Estate

If you haven’t read “Naples FL Real Estate Investing:  Buying a Short Sale Steps 1 through 5,” start there.  This blog post provides steps 5 through 9 of the short sale process.

6. Visit the Naples FL real estate on your short list.  You’ve already searched for short sales, researched them and narrowed your list to a few short sales that meet your criteria and have the best chance of making it to closing.  Now it’s time to personally visit the few on your short list.  Your primary purpose in visiting the property is to get an estimate as to how much it’s going to cost you to repair the home.  As a real estate investor, you want a property that needs some work so that the average home buyer won’t want it, and you can get it at a lower-than-average price.   But, you also want a property that is in good enough condition that the cost of the property plus repairs still gives you a good return on your investment.

7. Get a home inspection. Since short sales are typically sold “as is,” it’s crucial that you have a licensed home inspector evaluate the condition of the short sale that you’ve decided is the one you want to buy.  An inspection will find problems you might not have been able to see in your initial visit to the home.  It will also give you a more precise idea of how much it’s going to cost you to repair and renovate the property.

8. Make an offer. Now that you’ve found the short sale you want to buy, you’re ready to prepare an offer.  Have your Naples FL real estate agent prepare all the documentation and submit the offer to the seller’s agent.  The seller’s agent will submit the documentation to the lender.  Hopefully, you’ve chosen a short sale with only one lender, but if there is more than one lender, remember that all lenders have to agree on the terms of the sale.

9. Make a counter offer or walk away.  After getting your offer, the lender has his real estate agent evaluate the offer.  More than likely the lender will make a counteroffer.  That’s the time for you to do a final evaluation.  Double check your numbers using the higher purchase price and ask yourself, “Is this property really going to give me the profit I want?”  If the answer to this question is no, or if you’ve already reached the maximum you’re willing to pay for the property, it’s time to walk away.

10. Finalize the deal.  After you, the seller and the lender have all reached an agreement, get everything in writing and officially record it.  Go to closing, and the property is now yours.  Congratulations!

If you’re a Naples FL real estate investor looking for a well-priced property to invest in, I can help.  Give me a call today at 239/850-1366 or email me at Ron@AskTheBear.com for more information.

Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
Jul
16

Naples FL Real Estate Investing: How to Buy Short Sales Steps 1 through 5

by , under Naples FL Information, Naples FL Real Estate

Are you a Naples FL real estate investor or home buyer who wants to buy a short sale in order to get a great deal?  Unless you’re a seasoned short sale buyer, it’s not as easy as you may have been told.  In fact, there are so many steps to the process, this blog post only covers the first five.

  1. Hire an experienced Naples FL real estate agent. The first thing you want to do is find a real estate agent who is knowledgeable about buying short sales in your local market.  Unless you’re already a short sales expert, you need an experienced agent to guide you through the process because most homes that are listed as short sales never even make it to closing due to problems encountered along the way.  In fact, some stats show that as few as 1 in 10 short sales make it all the way to closing.
  2. Get your financing in order. How are you going to pay for the property?  Before you do anything else, have your financing in order.  In a short sale, the lender often moves at a snail’s pace, but you have to be able to move quickly.  Once an agreement is worked out, the lender may require that you close in as few as 20 days.  That’s not enough time to shop for a mortgage.
  3. Search for short sales. Your agent will have access to all the homes up for sale as short sales.  Let him or her help you sort through the homes to identify those that fit your needs and are most likely to make it to closing.
  4. Research the short list of short sales. Have your real estate agent (see how much work this agent is doing for you?) research the short list of short sales you’re interested in to find out how many mortgages each of them have and how much money is owed.  If you find that there are a lot of loans against a property, your best bet is to move on and find a short sale with only one loan.  Additionally, your experienced agent can steer you away from homes with lenders who are difficult to work with on short sales.
  5. Be prepared to pay close to market value. This may sound ridiculous to you because you’ve heard that short sales are an amazing bargain.  Yes, some short sales are priced very low, however, that does not mean the lender will accept that super-low price.  Typically, the short sales that actually make it to closing are going to be priced close to current market value.  Have your real estate agent research pending sale comparables to determine what the current market value is for the short sale you’re thinking of buying.

If you’re interested in investing in Naples FL real estate, I can help you find the true bargains, whether they’re short sales, foreclosures or just well-priced real estate.   Give me a call today at 239/850-1366 or email me at Ron@AskTheBear.com.

Ron "The Bear" Barakett

Ask The Bear

Ron@AskTheBear.com

Share
© Copyright Ron "The Bear" Barakett 2011. All rights reserved. | Powered by Wordpress | Designed by ThemesGuy