The Naples Board of Realtors® recently released the August 2009 statstics . Not surprisingly out of the 862 pending sales made in Augst 2009, 633 were pending sales under $300,000.00. Out of the 545 closed sales for the same time period, 396 were for sales under $300,000.00! Closed sales in all other price ranges except for the $300,000.00 -$500,000.00 range fell from August of 2008.
If you have plans to purchase a second home, please talk to a lender before you start your home search. Why, you ask? Qualifications for a loan have changed dramatically. Before I show my buyers homes, I have them speak with a lender so that they know exactly how much money they will need for the purchase and how much their closing costs will be. In the past Buyers could purchase a second home with very little money down. In today's reality, Buyers will need between 25-30% down for the purchase of a second home. Plan to roll up your sleeves to have the lender draw blood in addition to all the mounds of paperwork you will need to bring in for documentation.
Buyers who need to obtain a mortgage and have been hoping to find a home in Naples that is a foreclosure or short sale have been disappointed because multiple offers are coming in on these properties. Many of these offers are cash offers and banks have been taking lower cash offers over higher offers that have financing contingencies.
The bottom line is that no matter what price range you are, it would be wise to speak with a lender before you begin your second home search.
All that being said, I am excited to tell you that the love of my life, Don Wilber, recently purchased a Flip video camera for me. I LOVE my Flip video. It is soooooo easy to use that even a non-techie such as I can use it! I have found many ways to use my Flip video.
A very dear friend of mine recently fell and tore all the tendons around his left knee. This friend's children are all out of state. When Don and I went to visit him, I took my Flip video and recorded him sending a video message to his family. I know that if our friend was my Dad, I would have appreciated seeing him, his injury and hearing his voice. While there are days I curse technology, that day was not one of them.
Below is the first sunset video I have ever taken. Click on the white triangle in the blue circle to start the video.
As time goes by, I will learn more and get better at this!
Looking for a home in Naples? Search here, once at the search page, you can search by development or map area, save your search and new listing updates will be e-mailed to you.
Should you be thinking of selling your home in Naples and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation. Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.
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About the author:
Lynn Wilber is a Real Estate Professional who lives in Naples. Her 31 years of real estate experience and her area expertise have been valuable resources for Naples Sellers and Buyers. For more information, please contact Lynn Wilber or call 239-594-2780.
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ContactUs Think Lynn Wilber when buying or selling in SW Florida !!! Downing-Frye Realty, Inc. is a Florida licensed real estate brokerage