November 2008

WHO SAID IT'S ALL GLOO0M AND DOOM?

Thursday, November 13th, 2008 at 9:38am. 212 Views, 0 Comments.

The news continues to be bad regarding the state of the economy, most especially in the financial sector, but one thing is for sure, real estate sales in Naples just keeps getting better.

Our company, Prudential Florida Realty, had the best month for new contracts since June of 2005. New contracts for the month of October were up a whopping 143% over the same period in 2007, as well as 56% over the month of September 2008. (See the graph here) Showings are up substantially to further bolster the business. 

So is the news all bad, we don’t think so. As a matter of fact with pricing where it is, we feel that there is opportunity everywhere. Correctly priced homes are on the money! 

UNPAID HOA FEES CAN BECOME A REAL PROBLEM!

Monday, November 3rd, 2008 at 4:22pm. 302 Views, 0 Comments.

You are hearing it more and more and the problem is becoming more and more common…homeowners in condominium complexes not paying their monthly or annual association fees. These homwowners are facing foreclosure and have not been paying their mortgages, so naturally they are not paying their association fees and it creates a real set of multiple problems.

One of the problems is that the longer that ‘short sale’, pre-foreclosure or bank-owned property sits on the market for sale, the more association fees go unpaid. This means that some things that those fees are paid for are not getting done and will have an effect on the community in general. This can also creates a problem for those looking to buy in a particular community where fees are not being paid.…

Monday, November 3rd, 2008 at 5:02am. 186 Views, 0 Comments.

You are hearing it more and more and the problem is becoming more and more common…homeowners in condominium complexes not paying their monthly or annual association fees. These homwowners are facing foreclosure and have not been paying their mortgages, so naturally they are not paying their association fees and it creates a real set of multiple problems.

One of the problems is that the longer that ‘short sale’, pre-foreclosure or bank-owned property sits on the market for sale, the more association fees go unpaid. This means that some things that those fees are paid for are not getting done and will have an effect on the community in general. This can also creates a problem for those looking to buy in a particular community where fees are not being paid.…