APRIL 2008
• VOLUME 4 • ISSUE 10
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Welcome to our monthly e-newsletter. I
have designed it to coordinate with my website
and blog at
www.previewnaples.com, which I hope
that you find interesting. I'm excited to take real
estate technology to the next level. Please feel
free to forward this e-newsletter on to anyone you
feel might be interested in the Greater Naples Real
Estate Market. MARKET SNAPSHOT "High Season" has officially ended with Easter coming
and going, but the pending sales continue right along.
If you look at closed sales year-to-date comparing
2007 with 2008, we are just slightly ahead of 2007,
which in my opinion is not all that bad considering the
state of the economy and all the negative press that
we have been getting. What seems a bit disappointing is the fact that the Europeans have not been here in season in any great numbers. Yes, there have been units sold to Europeans, but not the numbers that one would normally expect, especially since the Euro is so strong against the Dollar. The theme seems to be rather consistant and that is that they are waiting to see what shakes out with regard to the upcoming November elections and also worry about the strength of our economy. What is encouraging is the fact that the Canadians have been inquiring, coming to Naples and writing contracts. We are making appointments throughout the Summer and are very encouraged about the prospect of a strong sales period in a normally weaker area of the year. 
FED LAST WEEK IN REVIEW FROM MATT CASEY ""NO GREAT DISCOVERY WAS EVER MADE
WITHOUT A BOLD GUESS." Isaac Newton But even
the great mind of Isaac Newton might not have
guessed that Bonds and home loan rates would
continue on such a volatile course. But let's get bold,
and discover what caused the latest rock and roll
action in the financial markets, and take a look at what
the coming week might have in store. NEW IRS RULE MAKE PROPERTY SWAP EASIER The Internal Revenue Service has handed investors
and second-home owners a new gift in the form of a
safety net that provides a "safe harbor" for taxpayers
who wish to swap the property via a Section 1031 tax-
free exchange even though they have enjoyed
personal use of the property. PROPERTY TAXES Look for another property tax reduction attempt from
Florida's Taxation and Budget Reform Commission,
which will probably place a constitutional amendment
proposal on the ballot. Two different tax-cutting
proposals have received tentative approval so far, but
only one is expected to survive and go before voters in
November. SHOPPING FOR A MORTGAGE The troubles in the subprime mortgage market have
led to tighter standards for all borrowers. Buyers and
refinancers with sterling credit records won't feel the
pinch. But lenders have reined in their underwriting
rules for borrowers with less-than-perfect credit and
for those seeking nontraditional loans that require a
low initial payment or little verification of income. Now,
rising home prices can no longer serve as the
ultimate guarantor of a home loan. COMMUNITY CALENDAR 
FEATURED LISTING - 7292 Carducci Court WOW! If you want Verona Walk's most desirable and
finest Oakmont model available, you've found it.
Cottage décor with elegance boast this professionally
decorated Oakmont and ready for the most
discriminating buyer! This home has the best of
upgrades and beautiful furnishings. In addition to the
spacious 3 bedroom layout, this home has been
upgraded to include the front door screen enclosure,
beautiful mirrored custom wall unit, granite
countertops, crown molding throughout, plantation
shutters, custom lighting and fans, extended oversized
tile on the diagonal, custom painting, central vacuum,
tinted windows, custom heated pool and spa and so
much more. . $529,000 
FEATURED COMMUNITY - VERONA WALK Just beyond VeronaWalk's attractive 24-hour
guardhouse entry is the heartbeat of the community, a
conveniently located lakefront Town Center with easy
to reach amenities. Residents enjoy this integral part
of VeronaWalk's resort lifestyle at no additional
membership fee. The Homeowner's Association
provides home lawn maintenance and irrigation. |
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