How Much of The Real Estate is Not Distressed?
Read Also:
Ten Years of July Real Estate Sales Compared
July 2010 What Price Range Real Estate Sold?
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All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.
Tags: Bonita Springs, distressed, equity, foreclosure, July 2010, market, Market Report, real estate, short sale
A Decade of Historical Real Estate Sales
Read also:
Short Sales & Foreclosure vs. Equity Sales July 2010
July 2010 What Price Range Real Estate Sold?
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All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.
Tags: Bonita Springs, florida, inventory, market, Market Report, real estate, sales, southwest florida
Real Estate Sales 400 & Under Lead The Market
Read Also:
Short Sales & Foreclosure vs. Equity Sales July 2010
Ten Years of July Real Estate Sales Compared
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All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.
Tags: florida, inventory, July 2010, Market Report, real estate, southwest florida
Weathering the Real Estate Storm From a Place of Yes
You have to come from a place of yes to be involved in the real estate business. You just do.
These days, real estate agents advise purchasers of how the sale process will work, usually in realistic detail. There are so many challenges to overcome and buyers need to be prepared for them and expect them. If a buyer goes into a transaction on distressed property fully prepared, with their eyes wide open they can usually weather the process.
What most buyers and even sellers don’t know is that the long line of people involved in processing a distressed real estate transaction in some instance is ridiculous. All it takes is for one person in the line up to not come from a place of yes to bring everything to a grinding halt.
In the last couple of weeks I’ve dealt with more than a few people that came from a place of no. I’ve come to the conclusion that when asset managers or loan debt managers are needed at financial institutions, they are psychologically profiled and if they are the type of person that probably burned ants with a magnifying glass or tortured small animals when they were children, they’re hired on the spot.
Don’t get your feelings hurt if you’re that one special asset manager that isn’t malevolent. You are probably a mis-hire and will be internally repurposed shortly.
A group of us have had a date with an on again, off again, on again, foreclosure for a few weeks. Most of us say yes to closing it as a short sale, for which it is already approved. The asset manager says yes to letting it go to foreclosure because the foreclosure drop dead date is four days away it’s simply too late to stop it. His hands are tied, even the hand with the magnifying glass in it.
Fortunately for everyone involved, even Huns need to take a vacay. It is revealed during the absence of our, glass is half empty, asset manager/debt collector that the postponement of the foreclosure had been in their file for weeks. Maybe it was mixed up with all of the miniature army men on his desktop battle field and he just didn’t see it or maybe, just maybe, he’s just likes the word no.
He certainly used “no” enough. No, he won’t extend the short sale approval. No, they can’t stop the foreclosure. No, the agents can’t contribute their commission to pay a back HOA fee overage, just to get the transaction closed. No, no, no.
Real estate agents can counsel buyers and sellers on just about anything that involves closing a short sale or a foreclosure but you just can’t predict the “no” person that just says no because it’s part of their fiber, part of their being, it’s just who they are.
With any luck, there are enough positive people involved in the transaction who come from a place of yes and they are willing to continue working in spite all of the “No’s” being thrown at the transaction.
Then again, sometimes it’s just a twist of fate for a transaction to close. Maybe Mr. No just needs to take a vacation for things to work out.
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Real Life in Bonita Springs is a project by Chris Griffith dedicated to writing useful blog posts for consumers about the Bonita Springs, Florida area. Find out what it is really like to live in Bonita Springs, Florida by reading about our fair city. You’ll get the latest in local real estate information, Bonita Springs real estate market reports and a little bit of humor. If you have topic ideas, feel free to request a story about the idea, after all, this site is just for you.
You can subscribe to a weekly email newsletter by visiting www.LifeInBonitaSprings.com and entering your email in the subscription area on the center pane of the web page or by adding us to your reader by subscribing to this blog. Oh, and if you’re reading this content anywhere else but www.LifeInBonitaSprings.com or Naples Daily News it is probably stolen.
Tags: approval, Asset manager, bank, foreclosure, loan, real estate, short sale
If It’s Alive, You Will Be Fined
We’ve had a recent rash of people getting busted for allegedly taking shell fish from Bonita Beach. Not just by the park and local police authorities but by Bonitians that know the rules and respect the beach and the wild life enough to stop the shell gatherers.
For whatever reason, beach visitors are finding the sand dollars are out and they’re loading them up to take them home for what ever crafting or Christmas tree decorating project they had in mind. It’s just wrong and it’s against the law. What the heck is wrong with people killing living creatures for ornaments, anyway?
Here’s the rules about shellfish. If any part of it is wiggling or moving, throw it back. If it’s an empty shell on shore, load it up and take it home. Besides the shell fish, you shouldn’t bother birds or turtles, either. Most of the critters at the beach are protected so you best steer clear. Even the sea oats are protected … so don’t pick those, either. That whole, “Take only pictures, leave only footprints” slogan is for real. You’re not allowed to take anything alive away with you when you leave Bonita Beach.
The fine for having live shellfish starts at $500 and goes up from there, including up to sixty days jail time. You’re too pretty for prison, so tow the line. Didn’t you see the sign on the way to the beach anyway?
Tags: Bonita Beach, Bonita Springs, florida, Rules, Sand Dollars, Shelfish
Sunday Honey Bee Breakfast
Tens of thousands of people drive by this lily every day. It has a couple dozen friends, too. They’re located on the east side of 41, Tamiami Trail in Estero, Florida, just north of Williams Road and across the street from Mobile on The Run and Jimmy John’s. I’ve watched them for a while and decided that today would be the perfect opportunity to take their picture since I didn’t have craptastic cable to do more important things.
This is is about as good as it gets with water lily pictures and me, bare foot, in funky water filled ditch, up to my knees, hearing things slurp and attack small creatures in the murky water all around me. I did it … but I didn’t like it. Fortunately, Panera at Coconut Point has wifi otherwise you wouldn’t have been able to see my feat of bravery. Happy Sunday.
Tags: Coconut Point, Estero, florida, flower, Water Lily
Quality built, Divosta Homes in Bonita Springs, Florida. Just minutes to the gulf beaches of Bonita Springs, Village Walk offers the best of carefree, highly amenitized living. Village Walk of Bonita Springs has an attractive 24-hour guardhouse entry and lakefront Town Center.
The community offers resort style living with no additional membership fees. The Town Center is complete and open to the homeowners of Village Walk of Bonita Springs. Some of the many convenient amenities at Village Walk of Bonita Springs include:
- Village Walk Café – Now Rail Head Cafe
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Post office
- Nail Salon
- Hair Salon
- Fitness Center
- Resort Pool
- Lap Pool
- Playground
- Fuel station
- Car Wash
- Tennis
- Bocce
- Basketball
Each home’s lawn maintenance and irrigation are provided by the Village Walk Homeowner’s Association. Home prices start under $200,000 and are available in both resale and new product sales.
There are four original floor plans available in Village Walk of Bonita Springs and San Remo at Palmira. A new series is being released summer of 2010.
- Capri – attached villa
- Cayman – attached villa
- Oakmont – single family villa
- Carlyle – single family villa
The floor plans are included in the tour below and the floor plan can be emailed in adobe PDF format upon email request.
Click here for a printable version of the Village Walk Floor Plans.
Standard features of homes in San Remo and Village Walk of Bonita Springs include solid poured concrete walls, storm panels, central vacuum (in the original series only) and security system.
Village Walk of Bonita Springs, Florida is minutes to gulf beaches of Bonita Beach, southwest Florida International Airport – RSW, I-75 access to conveniences that include the Coconut Point Mall, International Design Center and Miromar Outlets of Estero, Florida. Bonita Springs also offers great restaurants, shopping, and parks that are first rate.
The map to Village Walk Bonita Springs, Florida and additional properties for sale in Village Walk below:
Tags: Bonita Springs home, Bonita Springs Real Estate, Bonita Springs villa, capri, carlyle, cayman, divosta, oakmont, san remo, swimming, tennis, village walk, Village Walk of Bonita Springs
Hickory Island and Bonita Beach
Hickory Island has the best mailboxes. Since there aren’t gated communities and condominiums are limited home owners have the ability to express themselves at the curb. This mailbox is on Melody Lane.
There aren’t a lot of streets on Hickory. It’s a narrow strip of land that separates the Gulf of Mexico from the back bay our limited version of the intracoastal waterway. Every home on Hickory is walking distance to Bonita Beach and many homes have gulf access, plus there is a boat ramp just down the beach at Bay Park North and about 2 miles away at Carl Johnson State Park.
Real estate pricing on Hickory Island begins under the $500,000 price point [August 2010 pricing] for cottages without direct gulf access.
Tags: Back Bay, Bonita Beach, Bonita Springs, florida, Gulf Acces, gulf of mexico, hickory, hickory island, home, real estate
This Shows Where Bonitians are Born
I just stumbled onto this snowbird and Florida relocation map and thought is was interesting enough to share. It was on the Forbes website. You can click the map above to see it in full scale at their site or to do a search for the county in which you live. The map above is for Lee County, Florida. It’s easy to use and does not require registration. If you do not see the map above you can click Where Americans Are Moving. The black lines are “moving in” the red lines are “moving out”.
Tags: Bonita Springs, Bonitians, florida, lee county, Snow Birds
Real Estate – More Fun Than a Barrel of Squirrels
Q. Are you a shill for NABOR? A. No, I am not a shill or even a member of NABOR nor have I ever been. If you don’t like what I write, turn the page or click the little red X in the upper right corner.
Q. Are you one of the Griffith’s involved with Moraya Bay? A. No, Griffith is a common last name. I am not the only one. I am also not related to Andy Griffith or Melanie Griffith. I am also not Irish and I do not have red hair. I don’t even like Lucky Charms.
Q. Had enough of the "greedy Realtor" references? A. No, just bored with it.
Q. Are you too special to answer my email? A. No, you were probably rude and I deleted it.
Q. You real estate agents did this! How can you say real estate selling off at bargain basement prices is good news? A. News about the real estate market is relative. Whether it’s good or bad, someone isn’t going to like it. That would probably be you.
There are plenty of people that are bitter about their housing situation and rightly so. You didn’t have to get into the real estate market during the volatile years to end up upside down or at a value below where you started. The current market value in my own neighborhood is back at what I paid for my own home in 1997.
If I could fix anything about the real estate market, I’d start on my own street. While I was at it I’d also get some of my neighbors to pay their HOA fees, too. Then maybe the vote would finally pass for me to get those three dead bushes replaced.
While I’d love to personally take the blame for single handedly destroying the nation’s economy and the real estate market, I just can’t. I have never flown to Bull Shoals, Arkansas or wherever, dragged buyers back to southwest Florida, carted them around in my car for three days, forced them to get a home equity loan and sign contracts to buy four condos in the same building.
That wasn’t me. While we’re at it, I also didn’t orchestrate the pump and dump of Cape Coral, Las Vegas, Lehigh Acres, Phoenix or any tower on Miami Beach.
There are plenty of people that got themselves into a world of hurt all by their own doing.
Put your finger away; whichever one you have displayed. I do not doubt for one minute that there are crappy real estate agents out there, but not all of them are.
To date, I have only met one consumer who took responsibility and admitted in a candid conversation, “I was greedy, the market changed, I got stuck. I was just greedy.” In all these years, one person out of a city, county, state and nation of people that participated in a financial and real estate anomaly that unraveled at one hundred times the speed it took to build up.
With all the blame shifting I have to ask if you really believe that we are an entire nation of hostages who fell victim solely to über powerful real estate agents whose two weeks of real estate class also armed them with hypnosis skill so cunning they were able to render every real estate consumer unable to make their own choices to walk away or to say no?
Maybe we should take over congress, next.
Remember, it’s the red X in the top, right corner.
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Real Life in Bonita Springs is a project by Chris Griffith dedicated to writing useful blog posts for consumers about the Bonita Springs, Florida area. Find out what it is really like to live in Bonita Springs, Florida by reading about our fair city. You’ll get the latest in local real estate information, Bonita Springs real estate market reports and a little bit of humor. If you have topic ideas, feel free to request a story about the idea, after all, this site is just for you.
You can subscribe to a weekly email newsletter by visiting www.LifeInBonitaSprings.com and entering your email in the subscription area on the center pane of the web page or by adding us to your reader by subscribing to this blog. Oh, and if you’re reading this content anywhere else but www.LifeInBonitaSprings.com or Naples Daily News it is probably stolen.
Tags: florida, market, moraya bay, NABOR, real estate, real estate agent
Subject To Third Party Approval
A buyer could have purchased dozens of homes throughout their lifetime but a short sale will be the first time they get to purchase one on a hay ride.
It really doesn’t matter how much a buyer or seller is prepped for the short sale process there is always a point of shock and disappointment when it just doesn’t happen in the motion-picture like version playing in the imagination.
The price the property gets listed at and the price that it gets contracted at is more or less only considered a guideline. You may as well make that purchase price another item on the wish list, just above the new Berber carpet you’re hoping to get installed, too.
Ninety nine percent of the time the bank involved or the loan servicer has absolutely nothing to do with determining the price a short sale is listed at or contracted at. It’s all subject to review, appraisal and discovery.
When the seller of the home decides to sell the home, for whatever reason, and they owe more than the home is worth they list it for sale with a plan to ask the bank for debt forgiveness. When the bank approves the short sale there is generally a laundry list of financial and time sensitive demands that have to be met in order for that sale to go through.
Most of the items relate to how much is going to be paid toward other closing expenses and how much the bank will net at closing … down to the penny. The last statement I reviewed had $.02 at the end of a six figure settlement demand. I consider that irony because the sellers, figuratively and literally, weren’t left with two pennies to even rub together.
The glow of the home purchase starts to fade somewhere around the line where there is a figure of payment to the condo association or homeowner association. The demand calls for $3,500 maximum to be paid to the HOA at closing. In reality, there is a little more than that outstanding in back fees and someone gets to make up the difference.
When the seller can’t or won’t ante up all eyes fall on the buyer who has engraved the contract price in their brain and is offended and shocked to learn that in order for the closing to occur they just might have to contribute funds to get the property closed.
In dramatic fashion, the wick is burning at both ends and the property will go to foreclosure in a few days if this doesn’t happen.
The last buyer I shared this sort of situation with felt that it was a shake down. Is it a shake down if the “subject to third party approval” purchase price plus the extra cash needed for fees is well below recent comparable closed sales and is still less than what is currently available on the market at this moment?
Surprises and expecting the unexpected, which may include unknown fees, are the cost of doing business with short sales. They’re not asking for the first born child to get the back fees squared up at closing, just a short stack of Benjamins.
Besides, the first born are usually promised to the attorney who issues the eleventh hour estoppel to the homeowner association, anyway.
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Real Life in Bonita Springs is a project by Chris Griffith dedicated to writing useful blog posts for consumers about the Bonita Springs, Florida area. Find out what it is really like to live in Bonita Springs, Florida by reading about our fair city. You’ll get the latest in local real estate information, Bonita Springs real estate market reports and a little bit of humor. If you have topic ideas, feel free to request a story about the idea, after all, this site is just for you.
You can subscribe to a weekly email newsletter by visiting www.LifeInBonitaSprings.com and entering your email in the subscription area on the center pane of the web page or by adding us to your reader by subscribing to this blog. Oh, and if you’re reading this content anywhere else but www.LifeInBonitaSprings.com or Naples Daily News it is probably stolen.
Tags: attorney, Demand, estoppel, purchase, real estate, short sale, Subject to Third Party Approval
Bayfront Gardens at Barefoot Beach Frangipani
Frangipani trees are pass/fail horticultural tests for most gardeners. The plants either struggle or thrive. There is an absolutely perfect, flourishing tree in Bayfront Gardens of Barefoot Beach. It must have tens of thousands of blossoms on it and nearly every one of them is perfect.
It isn’t possible to see the blossoms and not smile. They’re just so sweet and harmless.
Tags: barefoot beach, Bayfront Gardens, Bonita Springs, florida, frangipani
No running, chasing, leading, following, barking or splashing.
Size doesn’t matter, but …
If your dogs legs are less than three inches long, they must swim in packs.
Definitely no galloping or jumping … or smiling.
Stare down, staring matches and blue eye hypnotism will barely be tolerated.
Pretend you’re having fun even when you’re thoroughly miserable.
Obey all commands, that man behind you is following you … not running after you.
No sniffing butts.
“Finders keepers” is considered beach policy with toys and food.
Sea gulls are point-worthy, same as pheasant and duck.
If you’re interested in the legit rules of dog beach read also: Dog Beach Rules
To break every one of these rules use this map to find dog beach:
Tags: Bonita Beach, dog, dog beach, florida, off leash, Park, Pets
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