Thinking About Finding the Right-Sized Home?
With the historically low mortgage interest rates and well-priced properties, we are increasingly finding that buyers and sellers are changing their ideas about finding the biggest home for the right-sized home. Smaller, more efficient homes are more attractive than ever.
It seems as though the work hard, buy a home, start a family and continue to upgrade thinking is rapidly changing. Looking back over the past 50 years, this has been the blueprint for lots of homeowners.
Compared to other Nations, Americans live in much larger homes than most people throughout the world. In 2006, the U.S. Census reported the average single family home had 2,469 square feet which was 769 feet more than the survey conducted in 1976.
Given the current economy, homeowners are looking for ways to cut costs and one thought is that once the children are grown and have moved out, homeowners are finding they have too much room. Even if their home is paid for, they have higher property taxes, insurance, utilities and maintenance on the larger home than they'd have if they were living in the "right size" home.
Some homeowners state they're keeping their larger home because it has luxury features that smaller homes don't have. There's a movement that seems to have started in the United States to find the right-size home with the amenities and convenience that homeowners want.
This philosophy has been expressed by Sarah Susanka in her book Creating the Not So Big House. It proposes a house that "values quality over quantity with an emphasis on comfort and beauty, a high level of detail, and a floor plan designed for today's informal lifestyle."
We’d love to help you discover the right-sized home. And we can also help you visualize how a smaller home that’s well designed, can offer most of the features of a much larger home. We have a list of builders and remodelers to help get you to the right-sized home.
Call us and we’ll help get you going in the RIGHT direction!
Thinking About Finding the Right-Sized Home?
Waiting To Buy A Home In Naples Florida Could Cost You More!
In working with Buyers, we often hear the familiar "We are waiting for prices to drop so we don't overpay for the home." If we used the actual graphic of when prices started to drop, we would need more room on the page! In Naples Florida, the market started dropping in August 2005. Some still predict the overall market will drop and others make headlines that Naples is the most over-corrected market in the country meaning prices have dropped too low.
All the latest statistics for the Naples real estate market indicate several encouraging points. First is that the number of closed sales is up and the listing inventory continues to drop. Those two indicators demonstrate the confidence buyers have in our market.
There are real factors that can increase the cost of housing if you wait to buy, specifically mortgages. Nationally, FHA accounts for a large percentage of the current housing loans and is expected to be even more prominent when the Qualified Residential Mortgage Guidelines go into effect next year.
In an effort to solidify the lending industry, qualifying is becoming harder for the buyer and more expensive at the same time. Many of the rules changes could go into effect next year. In addition, market factors could easily play a role in increasing buyer’s costs. Waiting will very probably require a larger up-front investment for buyers in the future.
We have excellent statistics and market strategies for our clients so please call any member of our Team Paradise to find out how we can help you make a wise move.
And be sure to check out our tips and videos on our Facebook Business page at http://www.Facebook.com/TeamParadiseNaples
Waiting To Buy A Home In Naples Florida Could Cost You More!
Is Now the Time To Buy A Home In Naples Florida?
Timing couldn't be better to buy a home in Naples Florida... How much more could get the point across? Recent national press releases underscores the fact that Naples Florida is one of the most over-corrected real estate markets in the country. That means prices have fallen far below the actual value. Bottom line is the prices are great and inventory is still ample. So...what's holding you back from owning a prime piece of Paradise?
We understand that one size rarely fits everyone and the same goes for advice. For many people with job security and who don't own a home and for people with good credit scores and enough savings for a down payment, there may never be a better time to buy a home. Homes have had a significant price correction but in many markets, they have started to rise again and that's true in certain areas of Naples. The lower prices combined with historically low interest rates make this an opportune time to buy a home or vacation property if you can afford it.
One of the reasons homes are an attractive investment is that fact that you can use a small down payment and finance the balance for 30 years. The principle, called leverage, allows you to earn a return on the value of the home rather than the actual cash investment. Small appreciation can create a large rate of return on the initial investment of the down payment and closing costs. Take, for example, the following projection at the end of five years for a $175,000 home with 3% closing costs and a 5% interest rate for a 30 year term. The rate you see in each column is an annual rate of return based on the equity of the home at the end of the five year period due to both appreciation and amortization of the loan.
The nature of positive leverage will cause the returns to be higher with a smaller down payment. As you see in the table, the return is higher on the 3.5% down payment than with the 10% or 20% down payment. If you're curious to see if this advice might fit your situation, you really need to sit down with a knowledgeable real estate professional who can help you assess your position. It's worth the time because there may never be a better opportunity than now.
Call us and we'll get you started with the loan qualification process so you can start packing!
Is Now the Time To Buy A Home In Naples Florida?
Reed Orthodontics - Dr. Barbara Reed Providing Braces in Naples Florida
Want your kids to have a great smile? Please let me introduce Naples' most trusted orthodontist, Dr. Barbara Reed, DMD, MSPA. My clients who have used Dr. Reed rave about her and the incredible staff.
"Specializing in orthodontics for children, teens, and adults – the orthodontic
practice of Dr. Barbra J. Reed is your state-of-the-art, family-friendly, orthodontic practice serving Naples, Marco Island, Bonita Springs, Estero, Immokalee, and all surrounding southwest Florida communities.
Dr. Barbra Reed and the staff of Reed Orthodontics share a commitment to
provide the best orthodontic services possible in a warm, friendly, caring and
professional environment. Our emphasis is on thoroughness of treatment using
the most current technology. We strive to make service available to all with
financial flexibility. Responsiveness to the needs of our patients is our
highest priority."
Reed Orthodontics
239-596-2255
2550 Northbrooke Plaza Drive Naples, FL 34119-7960 (Immokalee Rd & I-75)
Let her know Team Paradise recommended you!
Reed Orthodontics - Dr. Barbara Reed Providing Braces in Naples Florida
Another beautiful day in Paradise! Yesterday was the picture perfect day at the beach in Naples Florida! The gentle breeze and 62 degree temperature made it clear to me, after 17 years here, this is the place for me! I was with buyers from Iowa later in the day and they asked me if I ever miss the "seasons" living here. WHAT? We have 3 seasons...Spring-Summer-Fall...just no winter! Yes, this is the place for me.
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As a top Naples Florida Realtor, I am consistently ranked in the top 1% of Realtors nationally & my Team & I provide award-winning service, ProActive Marketing & successful strategies to our clients.
Greg@TeamParadise.com TeamParadise.com Search-Naples-Homes.com
Greg Gorman has been a resident of South Florida since 1984 and moved to Naples in 1992. Prior to real estate, Greg spent 10 years in the insurance industry as an underwriter. He has also owned his own interior decorating business. Greg has been an honored member of "Who's Who in the South and Southwest" and "Who's Who in Business and Finance."
Greg's real estate career began in 1992 and he continues to be a company sales and listing leader and continues one of the firm's top producers. This success ranks Gorman among the top 1% of all agents internationally. He is a Graduate of the REALTOR® Institute and is a "Certified Residential Specialist," a designation held by fewer than 2% of real estate professionals nationwide, holds the "Certified Residential Broker" designation and Senior Real Estate Specialist. Greg is also active in the local and State Board of REALTORS® serving on numerous committees. The Naples Area Board selected him as their "1994 Member Rising Star" and "1995 REALTOR-ASSOCIATE® of the Year" for his leadership and volunteer efforts. He's also been a member of the Naples & Florida Association Honor Societies.
Greg Gorman served as 1998 CRS Florida Chapter Secretary\Educational Coordinator, District 5 Representative on the 1997 Florida CRS Leadership Team, as Director at the Naples Board; Director -- Florida Association of REALTORS®; member of the FAR Professional Development & Faculty Development committees; In addition, Gorman served on 30 NABOR & FAR committees, many as NABOR Chairman/Co-Chairman, prior to 1998. Gorman has been a featured speaker at 3 National Association of REALTORS® conventions, 3 CRS Sell-A-Brations, annually at Howard Brinton's Star Power annual conferences, and is one of Allen Hainge's CyberStars. Greg holds a FL mortgage brokers license and trained thousands of real estate professionals on real estate systems, client services and real estate related technology.
Outside of real estate, Gorman served as a Director on the Board of the United Arts Council of Collier County; member of the Music Committee and choir with his church; enjoys running, roller-blading, bowling, tennis, travel & scuba diving. Greg resides in Grey Oaks Country Club and is an active golfer.
Naples Florida Real Estate
Naples Collier County Florida is more than just another Florida gulf side community. It's a tropical paradise that offers people a lifestyle unlike any other. We have some of the most exceptional beachfront properties and beachfront condos in Florida! And those who choose not to live directly on the Gulf of Mexico, we have wonderful alternatives such as living on the bay or on of the many canals. Venetian Village - Venetian Bayfront, Vanderbilt, Port Royal and Royal Harbor are just a few communities with access to Gulf via the bays and canals. For those who come here for the best golfingin the world, we have hundreds of private country clubs, private golf communities and gated communities! And we're still growing so if you are interested in pre-construction or new construction, you've come to the right place. To area is home to some of the most beautiful neighborhoods found anywhere in the world. To get more specifics on the Neighborhoods in the Naples Area, Click Here.
To get a first hand look at the community, go to Google Maps and enter any address for a map location. What is really cool, look at the top of the map and choose "Street View." You will be able to see what the view is like from the street! Street view will not be available in gated communities.
There is always plenty to do and see in here too! Our cultural & performing arts are extensive, sports from tiny tots to nearby professional sports venues, fishing off the pier to big anglers; neighborhood parksto the Everglades, there is truly something for everyone. Oh, and if you enjoy shopping, you're in shopping heaven!
No matter where you find yourself on our web pages, you'll find useful information and resources designed to help you buy or sell a home more effectively in the Naples area. From information on the local community, to advice about finding a mortgage or preparing your home to sell, it's all available here on my web site.
You can also search the Naples Multiple Listing Service (MLS) for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the Naples areas.
We also have the best resources for vacationing, living year round and living seasonally in Naples. From here, you can access information on live theater in Naples, our local newspaper - The Naples Daily News, Movie Theaters in Naples, Collier County Florida Zip Codes, Things to do in Naples, The Naples Airport (APF), Southwest Florida International Airport (RSW) and so much more!
"To say the Florida real estate market is depressed is an understatement. My wife and I sold a home in this market largely due to the efforts of Greg and David. In this trying time, they kept us informed on a regular basis, sent reports and counseled us as to where to position our home. We sold and settled the property without a hitch and above what we expected. I would recommend them in any market and if fact will purchase another from Team Paradise in the near future. Thanks guys, you are wonderful."
Realtors Buddy & Betsy West - Wilmington, DE
"We were first introduced to Team Paradise in 2005, we determined that real estate prices in Naples were unaffordable for us. On a visit in 2007, we realized that had all changed, and we were put in touch with David Burke. David understood right away that, while he was dealing with clients who were buying homes 10 times the price of ours, our price was a lot of money to us. He also knew that we were ecstatic to be able to, at last, possibly afford to live our dream. And, he treated us like we were one of his multi-million dollar property buyers, right from the start. He interviewed us and found out about how we envisioned our lifestyle in Naples. He worked hard for us after we set a fourteen day closure date to make our offer more appealing. David understood our dream and he made it happen in 2008!"
Bud McKay and Sally Hawk - Grosse Ile, MI
"From the time my home in Autumn Woods was ready for marketing (Dec. 07), to the time the sale closed (March 08), David and Greg were like family. As seller and agent, we worked together toward our common goal, and achieved it in record-time! Thanks David and Greg for helping me realize my dream of relocating to Colorado. Hope to see you on the slopes one day."
Lisa Peteler - Aspen CO
"Team Paradise was the first realtor's we have worked with that delivered on their marketing plan. Pictures of our property were portrait quality. Greg got buyers looking at our property and closed the deal in a tough and difficult market. Great job Greg!"
Tom & Mary Ellen Graney - Palm Beach Gardens, FL
"Thanks, guys. By the way, this "showing notice" is a fantastic tool for you and your sellers! I have not seen this before, and I'm impressed! I think that every Realtor should be using it!" (Jan 2008)
Mary W. Monaco, Naples & Ft. Myers, FL
"We cannot say enough about the expertise and professionalism of Mary Kay Hart who devoted two days and much more patience with us. You should feel proud and fortunate to have such a valuable asset to your Team."
Tony & Eda Oteri - Tallahassee, FL
"Please accept our deep gratitude for finding us a lovely new home and being instrumental in selling the old one. We want you to know that we appreciate your service and cherish your friendship."
Hal & Jean Davenport - Naples, FL
"The thought of moving to a new area far from home was not pleasant thought, but because you put me in touch with a great agent, I felt like I was welcomed home as soon as I arrived! Thanks for all your help and support even when I wasn't moving to Naples."
Brooke Hoofman - Knoxville, TN
"I just want you to know how lucky you are to have David Burke on your team. He helped me purchase my first condo. From the first conversation, I knew I was in good hands. His professionalism and his great personality made me feel at ease."
Sandra Lamar - Naples, FL
"We think you are pretty remarkable! So often a Realtor will negotiate a sale and then forget who you are. You and your Team have never done that. We appreciate your continued relationship with us these past four years. Be assured that if we ever need a Realtor or need to refer one of our friends, it will be you. Thanks and stay in touch."
John and Jo-Ann Efthemis - Winchester, VA
"Absolutely fantastic! Rose's efforts and attitude were outstanding. She so willingly spent whatever time was necessary to ensure my satisfaction. She even suggested features and activities in the Naples area that might be of interest to me."
Nancy Hutchinson - Naples, FL
"Jim & I are definitely David Burke fans! David was always well informed about his market area. He is very knowledgeable about every aspect of the business. David is always courteous and understanding throughout the whole transaction. We had numerous obstacles to overcome one being a certain builder who's initials are B.S. & we know what that usually stands for & this guy definitely lives it, however, despite all that, David remained extremely professional. We definitely feel we have a friend in David. Thank You."
Jim & Huguette Murphy - Buffalo, NY
"Working for a national home builder for many years and having a real estate license, I thought I knew everything about selling my own home. After many weeks of trying to sell it myself, I hired your Team to take over. WOW! You all were awesome and sold my home in 3 weeks. I have never worked with a better skilled group of people as The Greg Gorman Team. I appreciate you and also thank you for the use of your moving truck. That's a great service."
Jeff DeAngelis- Naples, FL
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