| | Hello and Thanks for Reading. We welcome your comments and suggestions. Real estate prices in our area continue to remain steady. After the tax credits for home buyers expired last May, there was concern that the market could tank. Yet, existing home sales have stabilized over the past year. Lawrence Yun, Chief Economist for the National Association of Realtors, reports that the housing market continues to recover on its own power without the homebuyer tax credit. The NAR reported in September that existing-home sales rose by 7.6% in August following a big correction in July. I think people are beginning to hedge their bets. Prices haven’t been this good for a long time. Sellers are serious. The rate for a 30-year conventional fixed-rate mortgage fell to a record low of 4.43 in August according to Freddie Mac. Note that the rate was 5.19 percent in August 2009. So what is holding back more buyers? The main reason given is a lack of confidence in our national economy. Many believe that the November elections will create a new direction and confidence will grow. If that is so, then buying now will be seen as the smart move. I am going to be talking about understanding the value of having a comparative market analysis below. Knowing the local market and seeing the trends in our area is what I do best for you. Let me know if you have specific questions and we can meet at your convenience. Here's an Article that may shed more light on the subject as well: Pending Home Sales Show Another Gain
Pending home sales have increased for the second consecutive month, according to the NATIONAL ASSOCIATION OF REALTORS®.
The Pending Home Sales Index, a forward-looking indicator, rose 4.3 percent to 82.3 based on contracts signed in August from a downwardly revised 78.9 in July, but is 20.1 percent below August 2009 when it was 103.0. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said the latest data is consistent with a gradual improvement in home sales in upcoming months. “Attractive affordability conditions from very low mortgage interest rates appear to be bringing buyers back to the market,” he said. “However, the pace of a home sales recovery still depends more on job creation and an accompanying rise in consumer confidence.”
Although Yun expects a continuing steady rise in home sales from favorable affordability conditions and some job creation, he cautioned any sudden rise in mortgage rates could slow the recovery. “Current low consumer price inflation has helped keep mortgage interest rates very attractive this year. However, recent rising trends in producer prices at the intermediate and early stages of production, along with very high commodity prices, are raising concerns about future inflation and future mortgage interest rates,” he said. “Higher inflation would mean higher mortgage interest rates. In the meantime, housing affordability is hovering near record highs.”
The PHSI in the Northeast declined 2.9 percent to 60.6 in August and remains 28.8 percent below August 2009. In the Midwest the index rose 2.1 percent in August to 68.0 but is 26.5 percent below a year ago. Pending home sales in the South increased 6.7 percent to an index of 90.8 but are 13.1 percent below August 2009. In the West the index rose 6.4 percent to 101.1 but remains 19.6 percent below a year ago.
Source: NAR
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|  11110 First Ave, Punta Gorda, FL 33955 - $38,700
Affordable home with new tile, carpet and updated kitchen with new cabinets. See this cutie (912 sq. ft. under air/very open-functional floor plan) with crown molding, high woodwork, and a relaxing lanai. Enjoy the tropical lifestyle with quick, easy access to Punta Gorda or Cape Coral with all of the amenities and fun things to do. Excellent starter home, investment or winter retreat! See it on the web or call:941-235-3528 for more details. Less than rent!
Punta Gorda Port Charlotte Homes For Sale |  415 Myrtle St., Punta Gorda, Punta Gorda, FL 33950 - $44,900
Updated home even has a spacious family room with inside laundry, additional storage, new carpet, appliances, kitchen cabinets and more! Ready to move in, this home features a nice size lot (approx. 9,000 sq. ft.) and possibilities for a second bath. Motivated seller says sell.
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(approx. 1040 sq. ft. under air)
Central AC of course! |  2053 River Basin Terrace, Palm Isles, Punta Gorda, FL 33982 - $349,900
See this spacious home with 1723 sq. ft. under air, a refreshing pool with lanai, rich bamboo floors, and weather protection with high-impact windows (Miami-Dade 155 MPH) and transferable warranty on the insulated, steel roof for added energy savings! You'll love the flow-through floor plan with breathtaking views from nearly every room. A Rare Find! See it on the website: Homes in Punta Gorda |  12348 Minot Ave., South Gulf Cove Waterfront Lot, Port Charlotte, FL 33981 - $49,900
Excellent lot for your Florida home with very quick access to the Myakka River and beyond to Charlotte Harbor and/or Gulf of Mexico. This is a new listing and priced for any investors as well.
Hurry on this one. Public water and more! Nice homes all around. Prime area! 941-235-3528 |  9344 Vivante, Top-Floor Harborfront Penthouse!, Punta Gorda, FL 33950 - $364,900
This stunning and like-new home features a spacious floor plan with entry through the foyer from your elevator. You'll notice the granite counter tops throughout and especially the panoramic views of The World-Famous Charlotte Harbor, the sailboats and sparkling waters! Enter the secure, gated Mediterranean village and wind through paver-lined bridges and stop by the 12,000 sq. ft. clubhouse with lagoon/vanishing edge pool, lap pool, Har-Tru tennis, fitness center, entertainment room, cyber-room, library and bar area with fully equipped kitchens and more. The lush grounds are manicured to perfection with a tropical setting you won't want to leave. Fisherman's Village is a skip down the road for shopping and dining and of coures there are more activities including the arts, culture, music, fine dining, sports, nature and more. Watch the frolicking dolphins jumping and swimming about and cruise the Gulf Islands of Sanibel, Captiva or even the Keys. For the golfers, there are many outstanding courses to pick from before relaxing on your over-sized lanai with a tropical beverage of choice. Call to see! Professionally Decorated and is negotaible for a turn-key home complete and ready to move into. 941-235-3528
See it on the Web:
Punta Gorda Homes |  624 FlamingoDr., Suite 201, Venice, FL 34285 - $220,000
Visit the quaint village area of San Ramon (Venice, FL) with this freshly painted and fully turn-key Condo with a sparkling pool, landscaped grounds and your own white-sand beach! The home is ready to move in and has a spacious living area with 991 sq. ft. under-air. Everything is close by with more to do than you'll ever have time for from golfing, fishing/boating, sports events, cultural activities including art and music, nature walks, theatre and comics, movies and shopping until you drop. Dine out at multiple restaurants and eateries or just relax by the pool (heated) and feel the tropical breezes and sunshine all winter. To see this great opportunity, call us at: 941-235-3528 or toll free: 877-75HOYLE
Other homes listed much higher! Great Price! See it! |
Q: What is a CMA? A: A Comparative Market Analysis, or CMA, is an in-depth analysis of the home’s worth in today’s market. If you are thinking about selling your home, then we need to determine the fair market value first. There are online sites as well as newspaper listings that will give valuations. But each house is different and most sales are not posted publicly for months. It takes an expert who has walked through the recent homes for sale, knows the streets of the neighborhood, and knows the trends of real estate transactions to best assess which properties to compare to yours in order to create a realistic CMA. To create a CMA, first I will walk through your home. At this point, I may recommend some improvements that would increase your home’s value. Then I will check all sales, pending sales, expired listings and active listings in our area that relate to your home. Once we have the analysis, together we will determine an asking price. Depending on the strength of the market when we list your home, you can expect a range of offers. My goal then is to aggressively market your home so that you get the most exposure from qualified buyers. In the end, you and the buyer determine the final selling price. Any parent knows the value of good schools for their children. But the value of good schools doesn’t only affect children and their families, it also impacts neighborhoods and the property values of your home. Even if you don’t have school-age children, knowing the ratings of schools in your current home or prospective new homes will affect your pocketbook in the long run. The Internet offers some free, comprehensive resources to find school ratings. Check out www.greatschools.org for comprehensive school data nationwide. Peruse the website to find the top schools in small, medium, or large US cities (click Find a School tab, then Choose the Right School, then Moving with Kids). Or search for a specific city to review the Academic Performance Index results. As an agent, it is my job to know the local schools not just by test results, but through people and real stories. If you would like more information on your local schools, or the schools in a different neighborhood, just call or email me. Either I’ll help or I’ll connect you with someone who can. With a large amount of bank-owned properties on the market, it's a great time for homebuyers looking for good deals. But bidding on bank-owned homes also means the homebuyer has to compete with investors bringing cash offers. Fannie Mae's got a new program for their Real Estate Owned (REO) properties. For homeowners, this is a way to buy properties that have reduced prices BEFORE investors can buy them. After the property hits the market, you've got fifteen days to look at the property. Qualified homebuyers must be owner-occupants and can receive up to 3.5% of the final sales price, which can be used toward closing cost assistance including a home warranty, if desired and available. Eligible offers must be submitted on or after Sept. 23, 2010, and must close by Dec. 31, 2010. The sale must close within 60 days of the offer being accepted. Let me know if you are interested in this program. It is being offered through real estate professionals to give their clients the heads-up. Properties available under this program can be viewed on the REO Web site www.HomePath.com. Bill's Note* Several Large Banks such as Bank of America, Ally, Citigroup, GMAC and others have stalled on any foreclosure actions including selling any of them until a legal issue is resolved. This may take up to 3 months or longer. It should be noted however that the best deals on the best homes have been traditional sales. Why? The homes need little work and are in much better condition, the sellers are motivated, some homes are in estates or have been owned for many years so the mortgage balance is not an issue, and you're much safer in the transaction and use terms that keep a comfort level for all parties. Have questions? Call me at: 941-235-3528 Call us for a List of Properties for sale that fit your specific interests! Now is the Best Time to Buy in Florida. Call us and we'll tell you why. SW Florida Real Estate Awesome Prices and Values! Snooze-You Lose! http://www.homespuntagorda.com Thanks for reading! The According To Hoyle Group You've got a life; We help you live it! 877-75HOYLE or 941-235-3528 info@accordingtohoyle.com Sun Realty | |