Wednesday, May 10, 2023 / by Brooke Cole
This is our re-write based on an article by Amber Bonefont.
While the national housing market has slowed down, South Florida continues to witness positive gains in home values, albeit at a slower pace. According to a report by ATTOM Data, a provider of nationwide property data, approximately 65.3% of residential properties with mortgages in South Florida were classified as "equity rich" in the first quarter of this year.
To determine the number of properties building equity, researchers analyzed mortgaged residential properties in the area with varying loan-to-value ratios. To be considered "equity rich," the combined estimated loan amount could not exceed 50% of the estimated market value, indicating that homeowners possessed at least 50% equity.
The data reveals a steady increase from the previous two quarters in the tri-county area: in the fourth quarter of 2022, around 64.5% of homes were classified as equity rich, while in the third quarter of 2022, approximately 63% of homes f. ...
Tuesday, November 5, 2019 / by Brooke Cole
One of the most important steps in purchasing a home is the home inspection!
When you buy, the contract has a written number of days for you to have the home inspected before you decide whether you want to move forward. This home inspection period is crucial. During that time, if you determine you want to back out of the deal, you get your earnest money deposit back!
It's so important to see what a licensed inspector has to say of the house. At The Cole Team, we have a list of trusted inspectors you can use!
However, there are a few myths and misconceptions we hear regarding home inspections.
An inspector does not pass or fail a home on the inspection. The home inspector's job is to give you a closer look at any issues they might've found while inspecting the home. Once they send you the report on the defects found in the home, it's up to you to decide whether to move forward with the deal or to cancel.
2. Defects and Repairs
Don't assume a seller has to make repair! ...
Wednesday, October 2, 2019 / by Brooke Cole
Oktoberfest at Fort Myers Brewing
Running Thursday - Sunday the 6th (Times vary)
“Dust off your lederhosen and grab Das Boot, it’s time for Fort Myers Brewing's 7th Annual Oktoberfest!” There will be a food truck rally and live music.
Thursday times: 3 P.M. - 11 P.M.
Fort Myers Brewing Company
12811 Commerce Lakes Dr. #28, Fort Myers, FL 33913
FB Link: https://www.facebook.com/events/469586150545822/?event_time_id=469586157212488
Farmer Mike’s 5th Annual Fall Festival & Haunted Attractions
Runs Fridays, Saturdays and Sundays October 4th - 27th
Times vary by day.
Includes their newest attraction: Zombie Paintball, a 10 acre family-friendly corn maze and of course, “Pick Your Own Pumpkin”
Farmer Mike’s U Pick
26031 Morton Ave. Bonita Springs, FL 34135
FB Link: https://www.facebook.com/events/652473405287088/?event_time_id=656169724917456
Ticket Website: https://www.farmermikesupick.com/ ...
Tuesday, July 30, 2019 / by Brooke Cole
Thinking of selling?
We may see a surge of buyers coming from the Northeast!
According to new information by The News-Journal in Daytona Beach, "there's a growing mood among high earners in the Northeast that it's time to cash in their real estate chips in high-tax states and move to places like Florida."
We know SWFL has always brought tons of retirees for it's weather. Who doesn't want sunshine and beaches? But SWFL also brings buyers from out of state because there's no personal income tax.
"A bump in activity started with the federal tax overhaul in 2017. Although rates were cut for corporations and individuals, the ability of residents to deduct state, city and property taxes from their federal returns in places like New York, New Jersey and Connecticut was diminished. Other heightened tax obligations are kicking in as well. As of July 1, a three-decades-old “mansion tax” in New York State is being boosted in New York City to help pay for improvements to the ci! ...
Thursday, July 11, 2019 / by Brooke Cole
Are you considering selling your home? While we would all like to believe that placing our home up for sale is as simple as finding the perfect agent, agreeing on a price, and sitting back while offers roll in that just simply isn't the case. If you are ready to list your home here are the 5 most important things to consider according to realtor.com before taking the plunge. First can you actually afford to sell your home? In theory after you list your home, offers pour in, it sells, and you collect a check. However in most cases there will be some work needed before you can list your property. Landscaping your property can cost an average of $3,000 up front, but it may increase your property value up to 12%. Once all of the hard work is finished having professional pictures taken is often suggested, so that your listing will stand out among the others in the area. After investing in landscaping, our team takes care of that cost of getting professional pictures tak; ...