Snowbird season has arrived here in SW Florida’s Gulf Coast. Realtors, service vendors and all local establishments are gearing up for whats suppose to be one of the most exciting seasons in years.
Real estate is at an all time low for pricing, however it has stabilized and fewer foreclosures are hitting the market according to the lee county court system. With this said, inventory is dropping, and when inventory drops, prices raise.
Many investors have bought properties because of the positive cash flow that they finally can get. Rentals are a big item now and investors see this. I have investors buying property site unseen.
Remember in 2005 when prices were appreciating over night and everyone was saying, “this is not going to last forever”, they were right. Now in 2010 we are saying the same thing with prices so low “this is not going to last forever”.
If you were ever thinking of purchasing a property in Southwest Florida, now is the time to seriously consider doing so soon.
My name is Tony Vadala, and I am a SW Florida Realtor for Gulf Coast Realty Services LLC located in FT Myers.
I can be reached 24/7 on my direct line (239)898-2120 for all your real estate questions or concerns.
Feel free to browse my website at http://www.sellcapecoralflorida.com
Welcome to Cape Coral Florida.
My name is Tony Vadala, and I am a local Realtor in our community.
I have been selling real estate here in SW Florida for 7+ years with great success.
One thing that sets me apart from others here, is I offer my potential buyers the opportunity to view as much information without the mandatory registration most brokerages require. That's crazy.
Imagine going in to a store and before you can buy you must register.
See Ya, that's what I would say.
Here is my site: http://www.sellcapecoralflorida.com
Professionally Yours,
Tony Vadala
Direct: (239)898-2120
Whether you are buying your first home or your fifth, the process of buying a home can be an emotional, time-consuming venture. Feeling that, in the end, you made the right decision and got a good deal can make all the difference.
As with most major decisions, the amount of work and research you undertake before you start shopping can have a dramatic effect on how well you do in the end.
#1 Do you really need that backyard tennis court?
Everyone can picture their ideal home. If you haven't thoroughly prepared yourself prior to viewing houses, chances are that you will find what you think is your ideal home, and will wind up paying too much for it.
It is essential to treat the buying process in a slightly detached manner. Those who fall in love with houses usually pay too much.
That's why it's recommended that you develop a list of needs and one of wants. When looking at houses, make sure that they cover all of your needs - things like adequate space, a good neighborhood, perhaps a garage - and then have fun with items on your wants list. Treating the process in a regimented manner will help you to make a rational, informed decision.
#2 Get pre-approved
Visit your lending institution prior to shopping. Be sure to get a mortgage commitment in writing. Being pre-approved gives you a solid price range, and lets your Realtor® and potential sellers know that you are serious and not just a browser.
#3 Get the right people behind you
Buying a home is a complicated process, with many people involved. Having the right people on your side can make a big difference. An experienced, dedicated, and knowledgeable Realtor® can put a team of advocates, including lenders, lawyers, home inspectors and movers, on your side immediately.
#4 Communicate
The more you share with your Realtor®, the better he or she will be able to represent you. Letting your representative know exactly what you're looking for, in terms of needs/wants, price range, and location, can eliminate unnecessary trips to unsuitable homes and that focus can help ensure that you wind up in the right home.
#5 Location, location, location
It's still true. The desirability and resale value of your home depend on location more than any other factor. People want a desirable community that includes character, quality of schools, access to work, major transportation arteries, recreational facilities, etc.
On your viewing trips, take a careful look and ask the following questions: How does this home compare to others in the neighborhood? Are yards fenced? Are there many children playing in the streets? Are the front and back yards and the exteriors of the homes properly maintained? The less expensive houses in a better area tend to appreciate faster than the most expensive houses in a less desirable area.
Additional factors that affect the property value of a home include traffic, sounds, smells, zoning bylaws, and many others. Be objective. Be sure you are completely satisfied with the neighborhood. If you choose a neighborhood with problems, you likely won't get as much as you hoped with it comes time to sell.
#6 Use your Realtor's® knowledge
Your Realtor® is trained in all aspects of real estate, including understanding supply and demand, economics, and the neighborhoods of the city in which they practice. A professional Realtor® can do much of the work for you, by reviewing your needs, reviewing available properties, and making an informed match. A comprehensive knowledge of the available homes in your neighborhood is one of your Realtor's® strongest assets. With the aid of computerized systems, a Realtor® is notified within hours when a home becomes available.
#7 Pay attention to red flags
When evaluating a home, be sure you know the difference between acceptable and unacceptable problems. Cosmetic items like peeling paint, worn carpeting, or unattractive wallpaper can be easily remedied, and can be used as negotiation items, as there will be costs involved in updating the home.
Major problems, however, are clearly red flags. Look for items such as major foundation cracks, water damage, outdated electrical systems, and inadequate plumbing. These items could be too expensive to remedy to make the home a worthwhile investment.
#8 Hire a home inspector
A home inspection is an inexpensive way to gain peace of mind, and guard your pocket book. A proper inspection will cover all areas of the house including foundation, electrical, heating, plumbing, floors, walls, ceilings, attic, roof, siding and trim, porches, patios, decks, garage and drainage. A professional inspector can give you an objective view of the property, with a written report, indicating the present condition and items that will need repair.
#9 Be cautious with fixer-uppers
Sometimes, a fixer-upper can be purchased below market value, and once sufficient repairs are made, can be sold at a significant profit. However, not all fixer-uppers will bring in the profits you might expect.
Consumers often overestimate their level of dedication to doing extensive renovation work, and underestimate the costs associated with such work. A wall that needs to be replaced can often lead to the discovery of faulty plumbing, electrical, or other major undertakings. Your Realtor® and home inspector are your best allies when it comes to cost-benefit analyses.
#10 Consider your future needs
A move can be a major undertaking. Take a good look at your current lifestyle and consider the future. Will you need extra space for a home office, a child, or perhaps a child moving back home? Perhaps it may be easier and less expensive if you purchase a home that can meet these needs now, rather than moving up to a larger home a few years down the road.
#11 Proceed quickly
When you're ready to buy, act. Good properties sell. This is especially true given the current state of most real estate markets. However, when you work with a Realtor®, you have access to the latest technology. As part of the MLS and Agent Handshake networks, a Realtor® has access to properties within hours of when they are listed.
Technology works to your advantage. Many Realtors® now have personalized websites which allow you to sign on as a client, and receive notification of new listings via email. You save time and effort, and you can view only those homes that come closest to meeting your needs.
#12 Clarify relationships
In any real estate transaction, be very clear about who is working for whom, and what the relationship represents. Unless otherwise stated, an agent represents the seller in transactions for the sale of a home. This agent, as part of his or her fiduciary duty, must ensure that the seller's (and not your) position is represented throughout the entire process. Get a buyer's agent on your side, or ensure that someone is acting in your best interests.
#13 Ask for a written CMA
A Comparative Market Analysis (CMA) is an analysis of comparable homes in a given neighborhood. It shows you the sale prices of comparable homes in the neighborhood, along with asking prices of other homes in the area currently on the market. A Realtor® can request this report for any home and neighborhood. Ask for this report in writing. With this valuable document, you'll have solid, reliable information about how fairly a home is priced compared to its real market value.
#14 Know the seller
Understanding a seller's reasons for moving could work to your advantage during negotiations. For instance, a seller who has been transferred to another city may be more motivated to sell than someone who is still shopping for a new home. A vacant house, or a house that has been on the market for several months and has been reduced in price, could also provide the opportunity for lucrative negotiations.
#15 Keep it impersonal
Conversely, information could be used to your detriment. Information about your mortgage, size of down payment, move-in deadline, or circumstances for buying could be used to the seller's benefit in negotiations. While you want your Realtor® to know these details, maintain your poker face and keep your cards hidden with the sellers and their agents.
#16 Measure twice, sign once
While you definitely want to move quickly once you've made the decision to purchase, you don't want to cave in to pressure for a quick close. Someone who is trying to pressure you into buying a home is likely doing so for a reason. Make sure the reasons for you to buy a home are your reasons, not theirs.
#17 Exercise your negotiating skills
Even if you prefer not to haggle, it's worth it, especially when it's your home and one of your biggest investments. Most people expect to haggle over the price. There is always room for negotiation, and your Realtor® should be a professional negotiator.
#18 Avoid bidding wars
In some cases, the seller's Realtor® may use scare tactics to rush the sale or increase the price. Falling for this trap could cost you money. If there is another buyer, or some other reason this pressure is being applied, whoever wins also loses because they tend to overpay. Let reason be your guide, not passion.
#19 Get it in writing
Legally, sellers must disclose all known material defects of a property. Ask for this in writing. Also be sure to consider the ramifications of these defects. Will they be costly down the road? Are they "serious" defects?
#20 Be aware of hidden costs
While Realtors® often tempt first-time buyers with rent/mortgage comparisons, there is more to a home than simply the mortgage. You will be responsible for other items including mortgage insurance, appraisal fees, legal fees, inspection fees, transfer taxes, title insurance, inspections, property tax, increased bills, etc. Your Realtor® can give you a good idea of the costs associated with buying a home that are beyond its final negotiated price.
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Cape Coral Florida Real Estate Home Listings.
Professionalism, Promptness and Courtesy, are my 3 tools to success.
Tony Vadala, Broker Associate
"Your Hometown Realtor"
Direct: (239) 898-2120
26.621182 -81.946014
In today's competitive real estate market, timing is everything.
Many good homes are sold before they are ever advertised.
I work very closely with many INVESTORS from all over the country and world.
Many buy properties from me, site unseen, because of the great prices and investment.
I have access to one of the largest foreclosure databases for our area, which is connected to all the major Bank asset management companies holding REO properties to be sold to the public.
If you would like to receive foreclosure listings for this area before the general public,
You should contact me at office@tonyvadala.com as soon as possible to get these valuable foreclosure listings sent to you daily, giving you the opportunity that other buyer's don't have.
****Here is today's 7/19/2010 daily foreclosures new to the market. By signing up, you would receive the daily postings.
I invite you to contact me, as I'd be happy to assist you with this important transaction.
In addition, if you have any general questions about Cape Coral or FT Myers Real Estate,
please contact me at (239) 898-2120, as I'm more than willing to help.
Professionalism, Promptness and Courtesy, are my 3 tools to success.
Tony Vadala, "Your Hometown Realtor"
Direct: (239) 898-2120
I have provided a link to my dedicate foreclosure blog. I post new foreclosures everyday for Cape coral, Florida.
This blog site I use for foreclosures has been a huge success to my business because of the valuable information I get out to the public ASAP.
Here is the Blog site link. Bookmark or subscribe to have easy access 24/7.
http://vadalarealty.typepad.com/powered_by_vadala_realty_/
Anthony Vadala
Direct contact: (239)898-2120
Email: office@tonyvadala.com
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