Owner Finance / For Sale by Owner– Estate Home: Must See $650,000

Stock built courtyard home in Grande Estates in Grandezza. This is a 4 bedroom , 3.5 bedroom house with a study. The 4th bedroom is a detached cabana with plenty of room for guests. Home has plantation shutters, single and double tray ceilings, raised pan cabinets with crown molding, granite countertops and an island in the kitchen. The home also has disappearing sliders off the courtyard making it perfect for entertaining. It has a 3 car garage and heated pool. It is approximately 2,900 square feet under air and 5,500 square feet total. All appliances and heating/cooling under service plans through January, 2012. The home was built in 2006.

See below for owner finance options

Contact: Les Logsdon for showings or to discuss owner finance
gonegolfing4ever@yahoo.com
19919 Markward Crossing
Estero, FL 33928
(239) 287-8517

210037319.101[1] 2010 09 22_1780(1) 2010 09 22_1782(1) 2010 09 22_1788(1)

  2010 09 22_1787(1)  2010 09 22_1791(1)

 2010 09 22_1790(2)

Homeowner is offering a leaseback option yielding varying percentages of return based on the purchase price of the house. The current homeowner will sign a lease agreement for a minimum of a one year period. Homeowner will agree to pay for all utilities and social fees associated with the home. The only two items that are the responsibility of the new owner are the quarterly homeowner’s association fees and property taxes. The details are as follows:

Purchase Price

650,000

700,000

750,000

Estimated Return

6%

10%

14%

Return after Expenses

39,000

70,000

105,000

Gross Annual Rent

51,504

82,504

117,504

Monthly Rent

4,292

6,875

9,792

Monthly Expenses

-Estimated Taxes

625

625

625

-Estimated Fees

417

417

417

Subtotal Monthly Expenses

1042

1042

1042

Net to Investor Monthly

3,250

5,833

8,750

Annual return to Investor

39,000

70,000

105,000

Current quarterly homeowner’s association fees are $417 per month or $5,000 per year. Taxes for 2011 were $6,210. Current homeowner estimated taxes of approximately $7,500 for the new owner. Current homeowner will write 1st and last month’s rent check at signing of lease agreement to be concurrent with house closing.

 

Contact: Les Logsdon for showings or to discuss owner finance
gonegolfing4ever@yahoo.com
19919 Markward Crossing
Estero, FL 33928
(239) 287-8517

Announced today, 27-Dec-2010 – In order to promote new memberships to Grandezza Country Club they have take a creative and proactive approach to entice new members, TEMPORARY MEMBERSHIPS, just pay the annual dues with no initiation or down payment.  This will be offered on a year to year basis.  See details below  – Call Grandezza and ask for Lori Mellor in Membership to get more details 239-948-3569 x 7112

clip_image002

Annual Golf Membership

Subject to availability, this yearly golf membership is extended to a prospective Member and his/her immediate family. Immediate family is defined as spouse (or someone living as a spouse) and any unmarried dependent children who have not reached their twenty-fourth (24) birthday, living in the home of the member. This is a temporary membership category offered on a year-to-year calendar basis and is non-transferable. The total number of all golfing memberships active will not exceed three hundred seventy five (375) members.

Privileges include unlimited use of all the club facilities including:

a. Unrestricted use of our 18 hole championship golf course.

b. Golf practice facilities including driving range, putting greens and chipping area.

c. Tee times seven (7) days in advance beginning at 12:00 noon on the seventh day.

d. Eligibility to join the Men’s and Women’s Golf Associations.

e. Unrestricted use of our Tennis Pavilion which includes 6 Har-Tru Tennis Courts f. Unrestricted use of the swimming pool facilities.

g. Dining and social activities. No minimum spending requirement.

h. Unlimited use of the club’s cardio and fitness facilities.

Golf Membership Fees:

2011 Dues $7,800.00

Please add 6% Florida sales tax to the above dues. Dues are based on a calendar year and must be prepaid in advance. Dues are non-refundable. No membership initiation fee required.

Laurie Mellor
lmellor@grandezzacc.com
Clubhouse Manager
The Club at Grandezza
11481 Grande Oak Blvd.
Estero, FL  33928
239-948-3569 ext. 7112
239-948-2916 fax

Grandezza Monthly Market Report                                   November 2010

Coconut Point Real Estate Market Report Banner

 
Join Our Mailing List!
 Join Grandezza Facebook Community
 
 Find us on Facebook

Grandezza Featured Homes
Click on Link to View

- $209,000

20130 Seagrove #2504 – $239,000


Oakwood

20241 Calice Ct #2601 – $272,000

Savona
12535 Grandezza Cir – $454,900

Villa Grande
20036 Markward – $499,000

Grande Estates                          
20017 Oak Fairway – 1.000.000

CLICK HERE to contact Michael Burke to get more information on getting your home featured here.

    Grandezza    Important (239) Numbers

Gate House………….498-8895
Guest Automated #..498-2968
Clubhouse………….. 948-3569
Pro Shop……………. 948-2900
Tennis Pro Shop……738-7111 
Master Property Mgr.947-4552
Golf Maintenaance…947-6296
Pool Services………..592-5539
Real Estate Service..777-0473

Grandezza Quick Links

Links to Michael Burke’s Unique, Exclusive and Superior Marketing Tools that Sell your Home!
Preferred Network  Links
Food – Fun – Entertainment
Shopping – Malls Links
Utilities Links
Media Links
Avenue 1410/1660-Timeless Cool
Hurricane Resources
How do I get my link here?

Contact: Michael Burke
Cell: 239-777-0473
Fax: 866-890-4452

Michael@CoconutPointRealEstate.com
 
Visit my Blog,  Michael Burke’s Blog,  share your thoughts, questions, concerns. 

 
Greetings Neighbor!

State of the Real Estate Market… After a slow summer the last few weeks have been unbelievably crazy.  Showings are up dramatically, offers are up and pended sales are up.    Our third quarter data indicates the oil spill had a negative impact on our market for the months July, August & September.  We did lose some momentum;
however, we are seeing positive signs that the lost momentum is being captured again.  The strongest segment of the market remains to be properties priced under $250,000, 65% of the closed sales in the third quarter.  The $1,000,000 plus market place has shown an 8.5% increase over this time last year.

Buyers are coming back and expecting to see some of the same inventory they saw last season and it has been already been sold.  They are now looking at their second or third choice and sometimes for

Michael Burke Luxury Real Estate Expert
Michael Burke Luxury Real Estate Expert

the same dollars.  I am seeing the very nice homes that are priced competitively are being purchased within 30 days, sometimes sooner.  Price is still continuing to drive this market and will.

If you are in the market to buy or sell real estate please consider the "value add" when selecting a real estate professional to work with.  Someone who knows the market, someone who has the creative and unique tools to help the process.

Some of the unique, creative and exclusive tools I use:

** Why are these so important?  These forms of advertising / publicity will help drive traffic to my website where my seller’s properties are featured.  This is very important when 90% of buyers and sellers research properties online. I bring more eyes to your property than your traditional realtor.  I can prove it!!!

"Michael is not your traditional REALTOR, he is the voice and market leader in real estate"

 

Choose Michael Burke as your real estate professional and sit on the side of success.  Michael is in the top 1% of all agents in the Bonita Springs / Estero market place.   Buyers and sellers do not sit on the side line any longer, call me now for a free consultation or market analysis.

 

Office: 239-498-7600
Cell:    239-777-0473
E Fax: 1-866-890-4452   

 

Michael@CoconutPointRealEstate.com


Grandezza Market Trends


Lee County Realtor groups not united on unified service
By DICK HOGAN· news-press.com · October 29, 2010 

 

Wait just a minute.

That in a nutshell was the response today by the
Realtor Association of Greater Fort Myers and the
Beach to a proposal by the Bonita-Estero
Association of Realtors Springs for a unified service
to list all homes for sale in the county.

The Bonita association uses the Sunshine multiple
listing service run by the Naples Area Board of
Realtors.

Agents and brokers in the Bonita-Estero association
have to pay extra to join the Rapattoni MLS system
operated by Greater Fort Myers and the Cape Coral
Board of Realtors, and vice versa.

Under the Bonita board’s proposal, it would join
with Cape Coral and Greater Fort Myers in the
Rapattoni system. Bonita would also keep its 15
percent interest in Sunshine so its members would
continue to have the right to join.

Click here to read entire article


Editorial Comment by Michael Burke; Currently I utilize both MLS services to maximum exposure for my sellers listings.  However many agents do not and the sellers are not aware of this.  We do have access to share data with MLS Alliance, which is ineffective.  The MLS services for Lee county needs to be Unified, one service for the agents and the consumer!!!
Contact Christie Knight – Greater Fort Myers and the Beach Realtor Association President 2010
christie@christieknight.com / (239) 707-7537
Ms. Knight’s Board is not acting in the best interest of the consumer or their agents!


Lee County’s home price spike likely to continue

By Dick Hogan – news-press.com – Oct 26, 2010

 

Foreclosure callback could skew the stats

 

September’s home sales dipped while
prices spiked up in Lee County – but more recent
chaos in the foreclosure process could make those
patterns seem mild.

The median price of an existing home sold in Lee
County in September was $94,400, compared to
$88,400 in August; the number of sales fell from
1,193 to 1,102 for homes sold with the assistance
of a Realtor, according to a report released Monday
by Florida Realtors (formerly Florida Association of
Realtors).

Exsisting Home Sales and Prices Oct 2010
Click on Image to Expand

But in early October, some of the nation’s largest
banks abruptly yanked some houses off the market
that they’d taken back in foreclosure – citing
potential irregularities in the way the paperwork had
been handled.

Click here to read entire article

 
 

Estero golf course in bind – Stoneybrook denied bankruptcy protection

By MARK S. KRZOS · news-press.com · October 23, 2010

But the Chapter 9 filing was not accepted by Gov. Charlie Crist’s office, which means that Stoneybrook residents may face assessments to keep the public golf course from closing.

 

The Community Development District – a governmental body – runs the course, which is separate from the gated Stoneybrook community. Chapter 9 allows for governmental bodies to apply to the state for protection.

 

Stoneybrook

Stoneybrook attorney Dan Cox said Crist’s office didn’t provide detailed reasons for the denial. "They felt that we haven’t explored all our options," he said.

 

One will be assessing the community’s 1,119 homeowners. Without an influx of $300,000, the course could be forced to close, said Ron Ritschel, development district chairman. That means each homeowner could expect to pay about $300. They pay nothing now.

 

A public meeting on the issue is set for Nov. 17.

 

"As a golfer, I don’t want to see it close," said John Blakeley, president of Stoneybrook’s Masters Association. "I think the CDD should do whatever it can to keep it open."

 

Refiling for bankruptcy protection isn’t off the table, either.

 

Click here to read entire article

In today’s market it takes a lot more than just listing your house on the MLS.  D. Michael Burke, Professional Luxury Expert, of Keller Williams Elite Realty has proven to be the industry leader in SW Florida real estate. The combination of KW’s resources and my personal and flexible marketing plan make me, Michael Burke, your best choice when choosing a REALTOR in today’s market.
 

If you or someone you know is in the market to buy or sell a home in SW Florida, please feel free to contact me to discuss our real estate products and services. "Experience the Luxury Lifestyle" 

 
Sincerely,
 

D. Michael Burke, P.A.
Keller Williams Elite Realty
Local: 239-498-7600 

Cell: 239-777-0473
E Fax: 866-890-4452 

Email: Michael@CoconutPointRealEstate.com

 

2009 Record Year for Home Sales

 

MyShadowWoodHome.com Monthly Market Report      November 2010

Coconut Point Real Estate Market Report Banner

 
Join Our Mailing List!
Click to Join the Shadow Wood Facebook Community
 

Find us on Facebook

<>

</>

Shadow Wood Featured Homes

The Reserve ………1.390.000
22120   Reserve Estates 

Banyan Cove ……..Coming Soon!
22310 Banyan Hideaway

Northridge ………… $949,000
10030 Northridge Ct

Glenview …………$799,995
22561 Glenview Ln

Plumbago Pointe ……. $785,000
10310 Plumbago Pointe Dr

Glenview …………… $699,000
22471 Glenview Ln

CLICK HERE to contact Michael Burke for more information getting your home featured here.

 Shadow Wood Important (239) Numbers

Community Assoc…..948-4900
Main Gatehouse……..992-1096
Community Patrol ….949-0099
East Gatehouse……..390-0468

Commons Club:
Enrichment Center….949-3800
Health/Fitness Center498-8888
Rosie Spoonbill’s…….498-7777
Beach Club……………498-7779

Country Club:

Main/Membership……992-6000
Pro Shop………………992-6616
Tee Times…………….949-8998
Tennis Center………..949-1200

ShadowWood Real Estate
Real Estate Services.777-0473

MyShadowWoodHome.com
Quick Links

Searching for properties has never been easier!! Click on the links below to view the active listings in that neighborhood.

  • Banyan Cove
  • Baycrest
  • Cedar Glen
  • Chartwell 
  • Cypress Hammock
  • Fairview
  • Ginger Pointe
  • Glen Lakes
  • Glenview
  • Hawthorne
  • Idlewild
  • Indigo Isle
  • Kenwood
  • Lake Forest 
  • Laurel Meadow
  • Longleaf
  • Magnolia Bend
  • Mahogany Cove
  • Morningside 
  • Northridge
  • Oak Hammock 
  • Oak Strand
  • Oakbrook
  • Orchid Ridge
  • Palmetto Ridge
  • Plumbago Pointe 
  • Summerfield
  • Sweet Bay
  • Sycamore Grove
  • Tamarind Trace
  • The Reserve 
  • Willow Walk
  • Woodmont
  • Woodsedge 
Links to Michael Burke’s Unique, Exclusive and Superior Marketing Tools that Sell your Home!
Preferred Network  Links
Food – Fun – Entertainment
Shopping – Malls Links
Utilities Links
Media Links
Avenue 1410 / 1600 – Timeless Cool
Hurricane Resources
How do I get my link here?
Contact: Michael Burke
Cell: 239-777-0473
Fax: 866-890-4452

Michael@CoconutPointRealEstate.com
 

Visit my Blog,  Michael Burke’s Blog,  share your thoughts, questions, concerns. 

 
Greetings Neighbor!

State of the Real Estate Market… After a slow summer the last few weeks have been unbelievably crazy.  Showings are up dramatically, offers are up and pended sales are up.    Our third quarter data indicates the oil spill had a negative impact on our market for the months July, August & September.  We did lose some momentum;
 
however, we are seeing positive signs that the lost momentum is being captured again.  The strongest segment of the market remains to be properties priced under $250,000, 65% of the closed sales in the third quarter.  The $1,000,000 plus market place has shown an 8.5% increase over this time last year.

Buyers are coming back and expecting to see some of the same inventory they saw last season and it has been already been sold.  They are now looking at their second or third choice and sometimes for

Michael Burke Luxury Real Estate Expert
Michael Burke Luxury Real Estate Expert

the same dollars.  I am seeing the very nice homes that are priced competitively are being purchased within 30 days, sometimes sooner.  Price is still continuing to drive this market and will.

If you are in the market to buy or sell real estate please consider the "value add" when selecting a real estate professional to work with.  Someone who knows the market, someone who has the creative and unique tools to help the process.

Some of the unique, creative and exclusive tools I use:

** Why are these so important?  These forms of advertising / publicity will help drive traffic to my website where my seller’s properties are featured.  This is very important when 90% of buyers and sellers research properties online. I bring more eyes to your property than your traditional realtor.  I can prove it!!!

"Michael is not your traditional REALTOR, he is the voice and market leader in real estate"

 

Choose Michael Burke as your real estate professional and sit on the side of success.  Michael is in the top 1% of all agents in the Bonita Springs / Estero market place.   Buyers and sellers do not sit on the side line any longer, call me now for a free consultation or market analysis.

 

Office: 239-498-7600
Cell:    239-777-0473
E Fax: 1-866-890-4452   

 

Michael@CoconutPointRealEstate.com


Shadow Wood at the Brooks Market Report

Visit www.MyShadowWoodHome.com 

Shadow Wood Nov 2010 Market Trends


Shadow Wood Preserve Market Report
Shadow Wood Preserve Nov 2010 Market Trends

 


Lee County Realtor groups not united on unified service
By DICK HOGAN· news-press.com · October 29, 2010 

 

Wait just a minute.

That in a nutshell was the response today by the
Realtor Association of Greater Fort Myers and the
Beach to a proposal by the Bonita-Estero
Association of Realtors Springs for a unified service
to list all homes for sale in the county.

The Bonita association uses the Sunshine multiple
listing service run by the Naples Area Board of
Realtors.

Agents and brokers in the Bonita-Estero association
have to pay extra to join the Rapattoni MLS system
operated by Greater Fort Myers and the Cape Coral
Board of Realtors, and vice versa.

Under the Bonita board’s proposal, it would join
with Cape Coral and Greater Fort Myers in the
Rapattoni system. Bonita would also keep its 15
percent interest in Sunshine so its members would
continue to have the right to join.

Click here to read entire article


Editorial Comment by Michael Burke; Currently I utilize both MLS services to maximum exposure for my sellers listings.  However many agents do not and the sellers are not aware of this.  We do have access to share data with MLS Alliance, which is ineffective.  The MLS services for Lee county needs to be Unified, one service for the agents and the consumer!!!
Contact Christie Knight – Greater Fort Myers and the Beach Realtor Association President 2010
christie@christieknight.com / (239) 707-7537
Ms. Knight’s Board is not acting in the best interest of the consumer or their agents!


Lee County’s home price spike likely to continue

By Dick Hogan – news-press.com – Oct 26, 2010

 

Foreclosure callback could skew the stats

 

September’s home sales dipped while
prices spiked up in Lee County – but more recent
chaos in the foreclosure process could make those
patterns seem mild.

The median price of an existing home sold in Lee
County in September was $94,400, compared to
$88,400 in August; the number of sales fell from
1,193 to 1,102 for homes sold with the assistance
of a Realtor, according to a report released Monday
by Florida Realtors (formerly Florida Association of
Realtors).

Exsisting Home Sales and Prices Oct 2010
Click on Image to Expand

But in early October, some of the nation’s largest
banks abruptly yanked some houses off the market
that they’d taken back in foreclosure – citing
potential irregularities in the way the paperwork had
been handled.

Click here to read entire article


Estero golf course in bind – Stoneybrook denied bankruptcy protection

By MARK S. KRZOS · news-press.com · October 23, 2010

But the Chapter 9 filing was not accepted by Gov. Charlie Crist’s office, which means that Stoneybrook residents may face assessments to keep the public golf course from closing.

 

The Community Development District – a governmental body – runs the course, which is separate from the gated Stoneybrook community. Chapter 9 allows for governmental bodies to apply to the state for protection.

 

Stoneybrook

Stoneybrook attorney Dan Cox said Crist’s office didn’t provide detailed reasons for the denial. "They felt that we haven’t explored all our options," he said.

 

One will be assessing the community’s 1,119 homeowners. Without an influx of $300,000, the course could be forced to close, said Ron Ritschel, development district chairman. That means each homeowner could expect to pay about $300. They pay nothing now.

 

A public meeting on the issue is set for Nov. 17.

 

"As a golfer, I don’t want to see it close," said John Blakeley, president of Stoneybrook’s Masters Association. "I think the CDD should do whatever it can to keep it open."

 

Refiling for bankruptcy protection isn’t off the table, either.

 

Click here to read entire article

 
 

In today’s market it takes a lot more than just listing your house on the MLS.  D. Michael Burke, Professional Luxury Expert, of Keller Williams Elite Realty has proven to be the industry leader in SW Florida real estate. The combination of KW’s resources and my personal and flexible marketing plan make me, Michael Burke, your best choice when choosing a REALTOR in today’s market.

 

If you or someone you know is in the market to buy or sell a home in SW Florida, please feel free to contact me to discuss our real estate products and services. "Experience the Luxury Lifestyle"

 

Sincerely,

D. Michael Burke, P.A.
Keller Williams Elite Realty

Local: 239-498-7600 

Cell: 239-777-0473

E Fax: 866-890-4452 

Email: Michael@CoconutPointRealEstate.com

Keller Williams Elite Realty

 

Mediterra Market Report                                                      October 2010 
 Coconut Point Real Estate Market Report Banner

 
Join Our Mailing List!

Join Mediterra Facebook Community 

Find us on Facebook

          Mediterra              Important (239) Numbers

Clubhouse…………….254-3000
Club Fax………………254-3070
Beach Club…………..498-9328
Membership………….254-3022
Member Svcs………..254-3077
Statement ?’s………..254-3002
Golf Pro Shop………..254-3030
Assoc./Operations….254-3040
Patrol Gatehouse……245-3080
Real Estate Svcs……498-7600

Mediterra Quick Links

 
Searching for properties has never been easier!! Click on the links above to view the active listings in that neighborhood.
 
 
Coconut Point Press

 

Preferred Network  Links
Food – Fun – Entertainment
Shopping – Malls Links
Utilities Links
Media Links
Hurricane Resources
 
Greetings Neighbor!

State of the Real Estate Market…. The market continues to remain positive.  The number (units) of closed sales is up 22% over the same time frame from 2009.  Pended sales are down during this same time, -17%.  We see about a 6% increase of new listings over this period. 

With that noted; it is the single family market that continues to see these positive trends.  The condo market will continue to adjust for a little longer  There are several factors that will impact the length of this adjustment period for the condo market.  The lenders and their scrutiny when reviewing a loan, the appraisers are providing very conservative appraisals and many sellers are not quite realistic, YET. 

Michael Burke Luxury Real Estate Expert
Michael Burke Luxury Real Estate Expert

 As I mentioned last month, we will see about a 20% increase in inventory between now and January 2011.  Why?  Historically that is normal for this time of year.  If you are contemplating placing your property on the market, I would suggest sooner than later.  Reason being, your property will have a better chance of being seen if there is less inventory to look at.  Of course your property does need to be priced properly.  Less properties on the market means more showings, more showings increases the odds of obtaining an offer for the seller.  Price and property condition remains to be the key to obtain a respectable offer.   Buyers are very savvy, not to mention the lenders have proven to be very stingy with appraisals. 

I know some of you are out there still debating about putting your house on the market, in addition, which agent to use.   As I blogged in June of 2010 How to Interview an Agent: 5 Questions to Ask (which also appeared in The News Press), how to increase your odds when selling by selecting the right agent.   Your selection is going to make the difference.  Any agent can list a property in the MLS, but sellers need to ask…"what is the value add they bring to the table?"  "What sets them apart from other agents?"

 

Some of the unique, creative and exclusive tools I use:

** Why are these so important?  These forms of advertising / publicity will help drive traffic to my website where my seller’s properties are featured.  This is very important when 90% of buyers and sellers research propoerties online. I bring more eyes to your property than your traditional realtor.  I can prove it!!!

"Michael is not your traditional REALTOR"

 

Choose Michael Burke as your real estate professional and sit on the side of success.  Michael is in the top 1% of all agents in the Bonita Springs / Estero market place.   Buyers and sellers do not sit on the side line any longer, call me now for a free consultation or market analysis.

 

Office: 239-498-7600
Cell:    239-777-0473
E Fax: 1-866-890-4452   

 

Michael@CoconutPointRealEstate.com


Mediterra Market Trends

Mediterra October 2010 Market Trends


Foreign buyers see big opportunity in housing bust

By ASSOCIATED PRESS – Monday, October 4, 2010

 

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos – designed by hipster tastemaker Kelly Wearstler – and their hotel-like amenities: poolside libations, daily housekeeping and room service food stirred up by a celebrity chef.

 

Since January, 262 of the Viceroy’s 372 units have sold. But there’s a twist: Almost 90 percent of the buyers are foreigners. And they all paid cash.

 

The Viceroy’s story is playing out across Miami. Individual investors from as far as Argentina, Canada, Colombia, France, Israel, Italy, Norway and Venezuela are swarming the city’s sales offices to get in on what they see as one of the greatest real estate fire sales in the history of the United States.

 

Click here to read entire article


Clamping down: Easy-to-come-by home loans have largely disappeared
By DICK HOGAN · news-press.com · October 3, 2010

In 2005, prospective Lee County homebuyers were
welcomed by lenders eager to offer easy terms on
mortgages that could be bundled up and sold to
Wall Street.

What a difference five years has made, according to
statistics released recently by the Federal Financial
Institutions Examination Council.

Now, bankers put would-be borrowers under the
microscope for their credit ratings, job history and
ability to put down a sizeable down payment.

Even the relative few still flush enough to apply for a
loan have a harder time.

The numbers are stark: For conventional loans for
one- to four-unit homes in 2005, 40,458 loans
were originated in the county. By 2009, that number
had dropped to 5,043.

The percentage of loans applications that are
approved has also dwindled, from 65 percent in
2005 to 62 percent in 2009.

In addition, many of the riskiest loans – which lured
financially shaky homebuyers with high interest
rates, balloon payments or zero interest – have
largely disappeared, according to the examination
council’s statistics.

Click here to read entire article

 
 

In today’s market it takes a lot more than just listing your house on the MLS.  Michael Burke and the Coconut Point Team, Professional Luxury Experts, of Keller Williams Elite Realty have proven to be the industry leader in SW Florida real estate. The combination of KW’s resources and Michael Burkes personal and flexible marketing plan make, the Coconut Point Team, your best choice when choosing a REALTOR in today’s market.

 

If you or someone you know is in the market to buy or sell a home in SW Florida, please feel free to contact me to discuss our real estate products and services. "Experience the Luxury Lifestyle"

 

Sincerely,

D. Michael Burke, P.A.
Keller Williams Elite Realty

Local: 239-498-7600 

Cell: 239-777-0473

E Fax: 866-890-4452 

Email: Michael@CoconutPointRealEstate.com

Keller Williams Elite Realty

 

Bonita Bay Market Report                                                    October  2010
 Coconut Point Real Estate Market Report Banner

 
Join Our Mailing List!

Join Bonita Bay Facebook Community

 

 Find us on Facebook

Bonita Bay Featured Homes
Click to view Homes


    Bonita Bay  Important (239) Numbers

Guard Gate
South Gate (Main)…..947-2476
North Gate…………….498-7174
 

Administration:

Club West…………….495-0200
Club West Fax: ……..495-0322

Resturant Operations:
Club West…………….495-0200
Club East……………..352-8700

Golf Operations:
AutoTeeTime System495-8333
Pro Shop Club West..498-2626
Pro Shop Club East…353-5100
 
Golf Course Maintenance:
Club West…………….495-0073
Club East……………..455-7535
 
Tennis & Fitness Operations:
Tennis…………………495-3573 

Fitness………………..455-7535
Bonita Bay Real Estate
Real Estate Services..498-7600
www.MyBonitaBay.com

Bonita Bay Quick Links

Bonita Bay Available Properties Click to View

Condos: 

Attached Villas:
 
Single Family:

Villa Homes: 

Highrise:
 

Coconut Point Press
 

Coconut Point Press Online
Preferred Network  Links
Food – Fun – Entertainment
Shopping – Malls Links
Utilities Links
Media Links
Hurricane Resources
 
Greetings Neighbor!

State of the Real Estate Market…. The market continues to remain positive.  The number (units) of closed sales is up 22% over the same time frame from 2009.  Pended sales are down during this same time, -17%.  We see about a 6% increase of new listings over this period. 

With that noted; it is the single family market that continues to see these positive trends.  The condo market will continue to adjust for a little longer  There are several factors that will impact the length of this adjustment period for the condo market.  The lenders and their scrutiny when reviewing a loan, the appraisers are providing very conservative appraisals and many sellers are not quite realistic, YET. 

Michael Burke Luxury Real Estate Expert
Michael Burke Luxury Real Estate Expert

 As I mentioned last month, we will see about a 20% increase in inventory between now and January 2011.  Why?  Historically that is normal for this time of year.  If you are contemplating placing your property on the market, I would suggest sooner than later.  Reason being, your property will have a better chance of being seen if there is less inventory to look at.  Of course your property does need to be priced properly.  Less properties on the market means more showings, more showings increases the odds of obtaining an offer for the seller.  Price and property condition remains to be the key to obtain a respectable offer.   Buyers are very savvy, not to mention the lenders have proven to be very stingy with appraisals. 

I know some of you are out there still debating about putting your house on the market, in addition, which agent to use.   As I blogged in June of 2010 How to Interview an Agent: 5 Questions to Ask (which also appeared in The News Press), how to increase your odds when selling by selecting the right agent.   Your selection is going to make the difference.  Any agent can list a property in the MLS, but sellers need to ask…"what is the value add they bring to the table?"  "What sets them apart from other agents?"

 

Some of the unique, creative and exclusive tools I use:

** Why are these so important?  These forms of advertising / publicity will help drive traffic to my website where my seller’s properties are featured.  This is very important when 90% of buyers and sellers research propoerties online. I bring more eyes to your property than your traditional realtor.  I can prove it!!!

"Michael is not your traditional REALTOR"

 

Choose Michael Burke as your real estate professional and sit on the side of success.  Michael is in the top 1% of all agents in the Bonita Springs / Estero market place.   Buyers and sellers do not sit on the side line any longer, call me now for a free consultation or market analysis.

 

Office: 239-498-7600
Cell:    239-777-0473
E Fax: 1-866-890-4452   

 

Michael@CoconutPointRealEstate.com


Bonita Bay Market Trends

Bonita Bay October 2010 Market Trends
 

Click to View Bonita Bay Market Trends 


Foreign buyers see big opportunity in housing bust

By ASSOCIATED PRESS – Monday, October 4, 2010

 

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos – designed by hipster tastemaker Kelly Wearstler – and their hotel-like amenities: poolside libations, daily housekeeping and room service food stirred up by a celebrity chef.

 

Since January, 262 of the Viceroy’s 372 units have sold. But there’s a twist: Almost 90 percent of the buyers are foreigners. And they all paid cash.

 

The Viceroy’s story is playing out across Miami. Individual investors from as far as Argentina, Canada, Colombia, France, Israel, Italy, Norway and Venezuela are swarming the city’s sales offices to get in on what they see as one of the greatest real estate fire sales in the history of the United States.

 

Click here to read entire article


Clamping down: Easy-to-come-by home loans have largely disappeared
By DICK HOGAN · news-press.com · October 3, 2010

In 2005, prospective Lee County homebuyers were
welcomed by lenders eager to offer easy terms on
mortgages that could be bundled up and sold to
Wall Street.

What a difference five years has made, according to
statistics released recently by the Federal Financial
Institutions Examination Council.

Now, bankers put would-be borrowers under the
microscope for their credit ratings, job history and
ability to put down a sizeable down payment.

Even the relative few still flush enough to apply for a
loan have a harder time.

The numbers are stark: For conventional loans for
one- to four-unit homes in 2005, 40,458 loans
were originated in the county. By 2009, that number
had dropped to 5,043.

The percentage of loans applications that are
approved has also dwindled, from 65 percent in
2005 to 62 percent in 2009.

In addition, many of the riskiest loans – which lured
financially shaky homebuyers with high interest
rates, balloon payments or zero interest – have
largely disappeared, according to the examination
council’s statistics.

Click here to read entire article


Collier, Lee down market prompts more sellers to ask for higher assessments
By JONATHAN FOERSTER – Sunday, October 3, 2010 -naplesnews.com


Few results in attempts to ease short sales
 
McClatchy News Service · September 19, 2010

Government program yields little improvment.


Despite industry and government efforts to make
short sales – transactions in which the lender
agrees to accept less than the mortgage amount
owed by the homeowner – easier and more quickly
accomplished, improvements are coming up, well,
short.

In some cases, the difference between the two
numbers is being forgiven by the mortgage lender.
In others, the homeowner must arrange with the
lender to settle the rest of the debt.

Theoretically, short sales are less costly to a lender
than foreclosures. There are fewer legal costs
involved, for example. But the chief attraction of a
short sale is that there is a buyer for the house,
while a foreclosed property can sit in a lender’s
portfolio for months.

That’s why the Obama administration in March
appended short sales to its efforts to reduce
foreclosures for homeowners who fail to make the
grade for the federal Home Affordable Modification
Program.

 
 

In today’s market it takes a lot more than just listing your house on the MLS.  D. Michael Burke, Professional Luxury Expert, of Keller Williams Elite Realty has proven to be the industry leader in SW Florida real estate. The combination of KW’s resources and my personal and flexible marketing plan make me, Michael Burke, your best choice when choosing a REALTOR in today’s market.

 

If you or someone you know is in the market to buy or sell a home in SW Florida, please feel free to contact me to discuss our real estate products and services. "Experience the Luxury Lifestyle"

 

Sincerely

D. Michael Burke, P.A.
Keller Williams Elite Realty

Local: 239-498-7600 

Cell: 239-777-0473

E Fax: 866-890-4452 

Email: Michael@CoconutPointRealEstate.com

 

Grandezza Monthly Market Report                                 September  2010

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Front

    Grandezza    Important (239) Numbers

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Guest Automated #..498-2968
Clubhouse………….. 948-3569
Pro Shop……………. 948-2900
Tennis Pro Shop……738-7111 
Master Property Mgr.947-4552
Golf Maintenaance…947-6296
Pool Services………..592-5539
Real Estate Service..777-0473

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How do I get my link here?

Contact: Michael Burke
Cell: 239-777-0473
Fax: 866-890-4452

Michael@CoconutPointRealEstate.com
 
Visit my Blog,  Michael Burke’s Blog,  share your thoughts, questions, concerns. 

 
Greetings Neighbor!

State of the Real Estate Market….  We are seeing mixed signals these past couple of months.  Historically, the summer months have been very good for sales.  However this summer history did not repeat itself.   We believe the tax credit ending and the oil spill did have something to do with our momentum slipping away.  With that said, we are very optimistic for the real estate market this fall. 


Michael Burke
Michael Burke Luxury Real Estate Expert

Why?  If you review our market trends and inventory levels (click here); you will notice inventory levels are down considerably in most communities.    We have even noticed prices in some communities starting an upward trend. 

Normally we will see about a 20% increase in inventory come December / January when season is getting into full swing.  If you are considering putting you house on the market the time is right now!!!  I do not understand why one would wait when there will be more choices for buyers to look at.  Less properties on the market means more showings, more showings increases the odds of obtaining an offer for the seller.  Price and property condition remains to be the key to obtain a respectable offer.   Buyers are very savvy, not to mention the lenders have proven to be very stingy with appraisals.  

If you are perceived high in the pricing scheme it has a direct impact on your showings and negotiations.   I cannot stress enough of pricing your property correctly.  I will continue to preach to the sellers, make sure you are "IN THE MARKET" -vs- being just "ON THE MARKET" there is a difference.  (Click here to see

  

Choose Michael Burke as your real estate professional and sit on the side of success.  Michael is in the top 1% of all agents in the Bonita Springs / Estero market place.   Buyers and sellers do not sit on the side line any longer, call me now free consultation.

Office: 239-498-7600
Cell:    239-777-0473
E Fax: 1-866-890-4452 
 
"Michael is not your traditional REALTOR"


Grandezza Market Trends


Some in Lee County now ask for higher tax bill

Drops in TRIM figures not always beneficial

By DICK HOGAN · news-press.com · September 5, 2010

Lee Property Appraiser Ken Wilkinson is used to
fielding complaints from people who think their
property assessments are too high.
After all, a higher assessment translates into higher
taxes.

But what a difference the housing crash makes.
Now some people have a new complaint: "My
assessment is too low."

"Before two years ago, I never got a call," Wilkinson
said. "This year I got two calls. They wanted higher
value because they wanted to sell it."


Foreclosure deficiency judgments on the rise in Lee County

By LAURA LAYDEN – Naples Daily News  September 1, 2010

Homeowners beware.

Even after losing your home to foreclosure, the lender or a debt collector may come knocking at your door, looking for money.

In Lee County, deficiency judgments are on the rise. Nationally, they have been too.

These judgments come after a foreclosure sale. With them, lenders in Florida have the legal right to collect the difference between what was owed on a mortgage and the fair market value of the property on the day of the auction.

The value of the property is based on a current appraisal.

"The bank has to support a deficiency judgment," said Ronald Webster, a real estate attorney on Marco Island.

"Obviously, banks have a lot of appraisers in their pockets," he said. "So at times it can be self serving."

In August, Lee County saw a spike in deficiency judgments. There were 51, the highest monthly number recorded this year, according to the Lee County Clerk’s Office. In July, there were 32 of them in the county.

"Not a happy situation," said Charlie Green, Lee County’s Clerk of the Courts.

From January through August, there were 179 deficiency judgments in the county. Last month, there were another 43 motions filed for deficiency judgments.

"You are going to see a lot of these," said Jeff Tumbarello, director of the Southwest Florida Real Estate Investors Association.

Click here to view complete article


After the craze: Condo conversions leave fractured communities
By DICK HOGAN · news-press.com · August 22, 2010

Michael Jacob was living at the Monterra apartments
in Bonita Springs in 2006 when the wave of condo
conversions came through.

Jacob, and everyone else in the 244-unit complex,
was told by management to leave if they didn’t want
to pay the sky-high price to buy – it was the very
top of the wave to turn rental apartments into more
lucrative condo sales.

Luckily for Jacobs, he and his wife didn’t buy their
one-bedroom apartment for owner Tarragon Corp.’s
asking price of about $200,000. Prices crashed
almost immediately and Tarragon hastily canceled
its plans even before the last tenants left.

"Poetic justice," said Jacobs, who works as an
assistant Lee County attorney. "It was just such an
outrageous price."

The original conversion craze got going in earnest
in 2004 as developers, faced with a huge demand
by speculators for property, got in early and made a
lot of money but those who were still playing the
game in 2006 found themselves unable to sell at a
profit.

Click here to view complete article


CoreLogic Reports a Second Consecutive Quarterly Decline in Negative Home Equity Growth
Posted by Michael Gerrity 08/26/10 / Real Estate Channel
 

According to CoreLogic’s latest report, negative equity data showed a second consecutive quarterly decline in national negative equity rates.

CoreLogic reports that 11 million, or 23 percent, of all residential properties with mortgages were in negative equity at the end of the second quarter of 2010, down from 11.2 million and 24 percent from the first quarter of 2010.

Foreclosures, rather than meaningful price appreciation, were the primary driver in the change in negative equity. An additional 2.4 million borrowers had less than five percent equity. Together, negative equity and near-negative equity mortgages accounted for nearly 28 percent of all residential properties with a mortgage nationwide.

Negative equity, often referred to as "underwater" or "upside down," means that borrowers owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in value, an increase in mortgage debt or a combination of both.

 
 
In today’s market it takes a lot more than just listing your house on the MLS.  D. Michael Burke, Professional Luxury Expert, of Keller Williams Elite Realty has proven to be the industry leader in SW Florida real estate. The combination of KW’s resources and my personal and flexible marketing plan make me, Michael Burke, your best choice when choosing a REALTOR in today’s market.
 

If you or someone you know is in the market to buy or sell a home in SW Florida, please feel free to contact me to discuss our real estate products and services. "Experience the Luxury Lifestyle" 

 
Sincerely,
 

D. Michael Burke, P.A.
Keller Williams Elite Realty
Local: 239-498-7600 

Cell: 239-777-0473
E Fax: 866-890-4452 

Email: Michael@CoconutPointRealEstate.com

 

2009 Record Year for Home Sales

 

MyShadowWoodHome.com Monthly Market Report      October  2010

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Shadow Wood Featured Homes


The Reserve ………1.425.000
22120   Reserve Estates 

Glenview …………$799,995
 22561 Glenview Ln

To get your home feature here call us at 239-498-7600

 Shadow Wood Important (239) Numbers

Community Assoc…..948-4900
Main Gatehouse……..992-1096

Community Patrol ….949-0099
East Gatehouse……..390-0468

Commons Club:
Enrichment Center….949-3800
Health/Fitness Center498-8888
Rosie Spoonbill’s…….498-7777
Beach Club……………498-7779

Country Club:

Main/Membership……992-6000
Pro Shop………………992-6616
Tee Times…………….949-8998
Tennis Center………..949-1200

ShadowWood Real Estate
Real Estate Services.777-0473

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Quick Links
Searching for properties has never been easier!! Click on the links below to view the active listings in that neighborhood.
 
Links to Michael Burke’s Unique, Exclusive and Superior Marketing Tools that Sell your Home!
Coconut Point Press

Preferred Network  Links
Food – Fun – Entertainment
Shopping – Malls Links
Utilities Links
Media Links
Hurricane Resources
How do I get my link here?
Contact: Michael Burke
Cell: 239-777-0473
Fax: 866-890-4452

Michael@CoconutPointRealEstate.com
 

Visit my Blog,  Michael Burke’s Blog,  share your thoughts, questions, concerns.  

Greetings Neighbor!

State of the Real Estate Market…. The market continues to remain positive.  The number (units) of closed sales is up 22% over the same time frame from 2009.  Pended sales are down during this same time, -17%.  We see about a 6% increase of new listings over this period. 

With that noted; it is the single family market that continues to see these positive trends.  The condo market will continue to adjust for a little longer  There are several factors that will impact the length of this adjustment period for the condo market.  The lenders and their scrutiny when reviewing a loan, the appraisers are providing very conservative appraisals and many sellers are not quite realistic, YET. 

Michael Burke Luxury Real Estate Expert
Michael Burke Luxury Real Estate Expert

 As I mentioned last month, we will see about a 20% increase in inventory between now and January 2011.  Why?  Historically that is normal for this time of year.  If you are contemplating placing your property on the market, I would suggest sooner than later.  Reason being, your property will have a better chance of being seen if there is less inventory to look at.  Of course your property does need to be priced properly.  Less properties on the market means more showings, more showings increases the odds of obtaining an offer for the seller.  Price and property condition remains to be the key to obtain a respectable offer.   Buyers are very savvy, not to mention the lenders have proven to be very stingy with appraisals.  

I know some of you are out there still debating about putting your house on the market, in addition, which agent to use.   As I blogged in June of 2010 How to Interview an Agent: 5 Questions to Ask (which also appeared in The News Press), how to increase your odds when selling by selecting the right agent.   Your selection is going to make the difference.  Any agent can list a property in the MLS, but sellers need to ask…”what is the value add they bring to the table?”  “What sets them apart from other agents?”

 

Some of the unique, creative and exclusive tools I use:

** Why are these so important?  These forms of advertising / publicity will help drive traffic to my website where my seller’s properties are featured.  This is very important when 90% of buyers and sellers research propoerties online. I bring more eyes to your property than your traditional realtor.  I can prove it!!!

Michael is not your traditional REALTOR”

 

Choose Michael Burke as your real estate professional and sit on the side of success.  Michael is in the top 1% of all agents in the Bonita Springs / Estero market place.   Buyers and sellers do not sit on the side line any longer, call me now for a free consultation or market analysis.

 

Office: 239-498-7600
Cell:    239-777-0473
E Fax: 1-866-890-4452   

 

Michael@CoconutPointRealEstate.com


Shadow Wood at the Brooks Market Report

Visit www.MyShadowWoodHome.com 

 


Foreign buyers see big opportunity in housing bust

By ASSOCIATED PRESS - Monday, October 4, 2010

 

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos – designed by hipster tastemaker Kelly Wearstler – and their hotel-like amenities: poolside libations, daily housekeeping and room service food stirred up by a celebrity chef.

 

Since January, 262 of the Viceroy’s 372 units have sold. But there’s a twist: Almost 90 percent of the buyers are foreigners. And they all paid cash.

 

The Viceroy’s story is playing out across Miami. Individual investors from as far as Argentina, Canada, Colombia, France, Israel, Italy, Norway and Venezuela are swarming the city’s sales offices to get in on what they see as one of the greatest real estate fire sales in the history of the United States.

 

Click here to read entire article


Clamping down: Easy-to-come-by home loans have largely disappeared
By DICK HOGAN · news-press.com · October 3, 2010

In 2005, prospective Lee County homebuyers were
welcomed by lenders eager to offer easy terms on
mortgages that could be bundled up and sold to
Wall Street.

What a difference five years has made, according to
statistics released recently by the Federal Financial
Institutions Examination Council.

Now, bankers put would-be borrowers under the
microscope for their credit ratings, job history and
ability to put down a sizeable down payment.

Even the relative few still flush enough to apply for a
loan have a harder time.

The numbers are stark: For conventional loans for
one- to four-unit homes in 2005, 40,458 loans
were originated in the county. By 2009, that number
had dropped to 5,043.

The percentage of loans applications that are
approved has also dwindled, from 65 percent in
2005 to 62 percent in 2009.

In addition, many of the riskiest loans – which lured
financially shaky homebuyers with high interest
rates, balloon payments or zero interest – have
largely disappeared, according to the examination
council’s statistics.

Click here to read entire article


Collier, Lee down market prompts more sellers to ask for higher assessments

By JONATHAN FOERSTER – Sunday, October 3, 2010 -naplesnews.com


Few results in attempts to ease short sales

 

McClatchy News Service · September 19, 2010

Government program yields little improvment.

Despite industry and government efforts to make
short sales – transactions in which the lender
agrees to accept less than the mortgage amount
owed by the homeowner – easier and more quickly
accomplished, improvements are coming up, well,
short.

In some cases, the difference between the two
numbers is being forgiven by the mortgage lender.
In others, the homeowner must arrange with the
lender to settle the rest of the debt.

Theoretically, short sales are less costly to a lender
than foreclosures. There are fewer legal costs
involved, for example. But the chief attraction of a
short sale is that there is a buyer for the house,
while a foreclosed property can sit in a lender’s
portfolio for months.

That’s why the Obama administration in March
appended short sales to its efforts to reduce
foreclosures for homeowners who fail to make the
grade for the federal Home Affordable Modification
Program.

In today’s market it takes a lot more than just listing your house on the MLS.  D. Michael Burke, Professional Luxury Expert, of Keller Williams Elite Realty has proven to be the industry leader in SW Florida real estate. The combination of KW’s resources and my personal and flexible marketing plan make me, Michael Burke, your best choice when choosing a REALTOR in today’s market.

 

If you or someone you know is in the market to buy or sell a home in SW Florida, please feel free to contact me to discuss our real estate products and services. “Experience the Luxury Lifestyle” 

 

Sincerely,

D. Michael Burke, P.A.
Keller Williams Elite Realty

Local: 239-498-7600 

Cell: 239-777-0473

E Fax: 866-890-4452 

Email: Michael@CoconutPointRealEstate.com

Keller Williams Elite Realty


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