Canadian home buyers coming to Naples

Flag of CanadaWith the recent buyers market conditions, we are seeing a lot of Canadians this year coming to Naples to purchase property. Our clients are telling us that with the exchange rate, the huge inventory and the low interest rates they can’t pass this up.

Ruth met a residential mortage lender, Jack Sandelman from RBC Centura Bank, who has a speciality in dealing with the Canadian buyer and the differences in the approach to mortgages. Jack has put together a Canadian presentation in pdf form that you can download. I’ve taken the presentation and broken it down into three articles on our Naples real estate website. The first article deals with a side by side comparison of the procedures in Canada and Florida. In the second article, Sandelman goes step by step through a U.S. mortgage process to make sure everyone is familiar with the process. Finally, what services and procedures are expected in getting a Florida mortgage for a Canadian.

We appreciate our Canadian buyers and look forward, with Jack, in finding them a great Naples investment property.

Waterfront property reduced $250,000

We are announcing a $250,000 reduction on our waterfront listing on Fort Meyers Beach. This is a very unique duplex located on Estero Bay with a boat dock for your jet skis. This property is now offered at $1,900,000. Since you are purchasing both sides, there are many investment opportunities. You can obviously live in one side and rent the other for income, live in one side and use the other for over-flow guest or family or you can tear down the dividing wall and make this property into one huge estate home on the water. We’ve even heard of people getting several family members together to jointly own the property and then use it as a family retreat throughout the year. View more photos by visiting the Ft. Myers waterfront home webpage or call Ruth Bethem toll-free at 877-777-7545 or visit her Naples real estate website. How would you like to wake up to this view every morning!

Estero Bay

Waterfront home for sale

For more info, email Ruth directly at Ruth@RuthBethem.com

 

London Bay Homes of Naples named America’s Best Builder

Big high-fives to London Bay Homes! Builder Magazine has honored the Naples builder with the “America’s Best Builder Award”. London Bay Homes was founded in 1990 by Mark Wilson and continues to set records. Noted for it’s high quality workmanship and creativity, they continue to make progress even in a slow real estate market.

Wilson was quoted in The News-Press as saying “All the news you’re reading about is the market in general, through $500,000, what the average consumer can afford throughout the country.” He went on to say that homes selling for more than $5 million, the market in 2007 was actually better than the previous two years.

Wilson got started in home building with a Britain homebuilder, but eventually came to Florida to do commercial work. He switched to residential after doing his Master’s thesis on “Investments in U.S. Real Estate.”

Read the entire article in the News-Press.

Naples home sales for January 1-15, 2008

I pulled some statistics from the recent residential property sales in Naples for the first two weeks of January:

  • A total of 119 homes and condos were closed in the first two weeks.
  • Condo sales amounted to 61. Total single family homes were 58.
  • Of the 58 single family homes that sold, 8 were 2 bedrooms or less, 35 were 3 bedrooms and 15 were 4 bedrooms or more.
  • Of the condo sales, 36 were in the $300-600K range and 16 in the $1-2 million range.
  • Of the total 119 sold, 62 were on the market for more that 121 days.
  • Financing figures showed 49 conventional loans, 65 cash deals and 5 other types.

For more information on the local Naples real estate market, contact Ruth Bethem toll-free at 877-777-7545 or email her directly at ruth@ruthbethem.com.