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Glenn Ginsburg - Naples Florida Real Estate

Laguna Royale at The Vineyards

March 31st represents the end of the first calendar quarter, I have started to update community and neighborhood information showing the annual median sold prices since 1998. The neighborhood updated, for no particular reason was Laguna Royale at The Vineyards. It is interesting to note that in 1998 the median sold price was $257,500 and in 2007 it was $450,000 - an annual increase over the ten years - 6.40%.

Naples Condo Market Conditions March 08

Market conditions and trends are important for both condominium buyers and sellers in determining their actions in the Naples real estate market, as well as, cyclical variations. The market conditions for Naples condominiums cover both the month of March 2008 and the first calendar quarter of 2008, ending March 31, 2008. The monthly analysis reflects [...]

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Naples Home Market Conditions March 2008

The market conditions for Naples covers both the month of March 2008 and the first calendar quarter of 2008, ending March 31, 2008. A monthly analysis reflects activity during a month with comparative data for the previous years of 2007 and 2006. The quarterly analysis covers a longer period of time, therefore, giving a more [...]

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How To Succeed With Short Sales

Real estate agents and homebuyers are expressing their frustrations with short sale transactions due to the length of time it takes for a lender(s) to respond, if they respond at all. The issue is one whereby the floodgates have been opened and attempts are being made to list properties by sellers, which are in fact not short sales. To succeed with short sales the listing real estate agent needs to have a skill set whereby they can reverse engineer an entire real estate transaction, as well as perform financial forenics on the information they have gathered. If the real estate agent does not have the skill sets then a team of consultants (real estate attorney, title company, tax adviser, and loan officer are necessay). Real estate agents representing buyers in a possible short sale transaction needs to be perform sufficient research to determine with their buyer, if there are other factors which could effect the potential short sale transaction from being successfully completed. Where the lenders are to blame is that it is becoming well known, when a borrower is foreseeing a financial crisis on the horizon, the lenders will not work with the borrower until they are behind in their payments. I will extremely pleased to hear Suze Orman on CNN, yesterday, say this same fact. IMHO - lenders are being just plain stupid with this strategy, because it leaves the borrower with a very hopeless feeling. This could explain why people are walking away from their homes. Check out tips and hints on how to succeed with short sales on my Naples real estate blog. I do not offer any items for sale, just plain good old ideas. Just in case - my success rate is far above the average of 20% as quoted in a recent New York Times article and finalization of the negotiations in an average of 17 days.

Estero Real Estate Home Market Update Feb 08

New Listings: During the month of February 83 Estero homes were listed for sale. In 2007, there were 111 and in 2006 a total of 90. In January 2008, a total of 135 homes were listed for sale and 69 in December 2007. The absorption rate calculated for February was 9.2 months greater than the [...]

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