Naples Market Statistics 12/2/06
Residential:
Active 10,814
Under Contract 627
Closed '06 4,208
What does this mean? There are some great deals to be had right now! Contact me or your favorite Realtor to find out where they are! Here are some tips that can help you find a great deal and help you accomplish a purchase:
1- Lowest Price Does Not Always Mean Best Deal! Several owners who have their property on the market right now are not highly motivated to sell. Obviously you're going to look for lowest priced properties in the neighborhoods you're interested in but also understand some sellers (not all) will negotiate (sometimes significantly) off their price. So save yourself a lot of time and have your agent contact listing agents to get "the skinny" about the seller's objective. Please note: sometimes this information is confidential and agents may not be able to discuss this information with others. There are cases when the agents job is to work in the best interest of the seller and sharing that information is encouraged by the owner. To blindly offer significantly less can take up a lot of wasted time. Not to mention, hurt your feelings if you're not used to getting rejected. It sounds silly but I'm hearing from a lot of agents right now who have worked with buyers who offered once on a property and disappeared. True fact, I sold a property last week in Pelican Bay. The buyer first made his presence known last Spring. He continuously through the year offered low offers until it was accepted. We had final signatures on Monday, November 20th and closed Wednesday, November 22nd. The buyer knew he got a great deal and didn't want a delay. The seller knew the buyer got a great deal too but the objective for the seller was to get it off his books. So, (as gut wrenching as it was for the seller and myself) mission accomplished.
2- Ask you agent where the great deals are! If they can't tell you, find another agent. Smart agents know at least 1 great deal they would considering doing themselves. If I weren't in the middle of remodeling a home in Pelican Bay, this would be the one I would consider:
4083 Brynwood Drive
This is a screaming deal! It's listed for $1,295,000. Located in Quail West on over a 1/2 acre with golf and lake views. It's truly amazing! Go to my website ShannonLefevre.com for more details.
3- There's more than one way to get a great deal on a house. Lenders are hungry right now too! Make sure you shop around for a smart loan officer who can and will cut you a great deal. Joe Jayne with Homebanc is one of those people who's going to look for the best option for you. Email him here jjayne@homebanc.com or call 770-851-7930. Of course you may use any lender you wish, blah blah blah!
You snooze, You Lose!- According to an open house survey I conducted over the last two weeks and responses from comments made by my colleagues and customers, activity and motivation to purchase has picked up somewhat. If you are one of the many waiting for the bottom to hit before you strike on that great deal, pay close attention because the vultures are circling lower and strikes have already been made. A home in Port Royal closed on November 30th for $14,900,000. Rumor has it the owner was in the midst of some brutal negotiations with a buyer who just couldn't come to terms. An open house resulted in a new prospect who while at the open house learned there was an offer on the table and apparently the new prospect wrote an offer for full price and closed leaving the first buyer out to dry. It went under contract on November 13th and closed on November 30th. Imagine the surprise of the first buyer after learning he had completely missed out.
The source of this real property information is the copyrighted and proprietary database compilation of SunshineMLS, LLC.Copyright 2002-2006 SunshineMLS, LLC. All rights reserved. The accuracy of this information including, but not limited to,any information about the size or area of lots, structures, or living space, such as room dimensions, square footage calculations,or acreage, is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction based upon it.
