#6: Stigmatized Properties. Since it’s Halloween time, it would be fun to talk about ghosts from era’s past or hellish happenings that would scare even Freddy Krueger out of his perpetual bad mood, but, on this site, well, in the state of Florida anyway, it is not a requirement to disclose deaths by any means or that the property was occupied by someone with HIV/AIDS. Read more about it at http://www.ehow.com/list_7200280_florida-laws-stigmatized-property.html #7: Annoying neighbors. Now, I could really delve into this but digression never accomplishes too much, so let me just be brief on this issue. Walk around the preferred neighborhood you’re dreaming of moving into and just talk to the neighbors. It’s the best way to determine if there’s problems with homeowners that don’t comply with noise or pet ordinances, or just plain have “issues” that you know you couldn’t dream of living next to. With that in mind, there’s no perfect neighborhood and no perfect neighbor. Knowing ahead of time where those shortcomings are will at least give you time to formulate a plan where you can live and coexist peacefully. #8: Homeowner’s Associations and Deed Restrictions. Assuming you’ve closed on your lovely new digs and to celebrate, you threw a huge party, with you, of course, as the Big Party Man. The next morning, you wake up flat on your back and are wondering why creatures with long pink necks and silly little faces are staring down at you. Chances are, your party was a huge success. However, a pack of pink flamingos in many communities that are governed by an association probably won’t allow these little darlings in too big a quantity, and frankly, that’s not a bad thing (remember property value here). Did you review your Homeowner’s Documents before you put that ink to paper? Probably not. It is of huge significance that you review them to ensure there is nothing in there that would prevent you from full use and enjoyment of your new home prior to moving in day. Don’t assume anything. These are strict covenants and are very difficult to try to get changed. Even if you think those flamingos add a certain “Je ne sais quoi” I’d bet you a dinner at Chops that your neighbors, and most importantly, your HOA, won’t. #9: We’re all flawed. And so are properties, seen or unseen. No matter how quick you want to close, never, ever, EVER, contract a property without exercising your right to a home inspection. If you missed my blog posting on this, check it out http://www.ruthbethem.com/blog/speedy-home-buying-part-2/2010/10/09/ It’s like that shiny new car that is screaming your name and you only take it out for a test drive and never check under the hood. With a prospective property, you better check not only under the “hood” but over it and in it. That little beauty may look like your perfect dream home but it could be nothing more than a huge hand that will suck every cent out of your pockets. #10: Show me the Money! You get to the closing table and you’re told, after depleting your entire savings account for escrow deposits, that you’ll need more money to close, of which you A: have none and B: proceed to have a meltdown. No need. That’s why you have an agent and a mortgage broker to review the statement with you to help you decipher where the increase has occurred and why. This is another great reason why the government has mandated big changes that came into effect in January of 2010. You’ll receive your HUD-1 statement prior to closing for your review with line item entries so you can look for legitimate costs, errors or any loan terms that may have been misrepresented. This is a great opportunity for you to understand each and every costs that you can compare to your original loan estimate that was given to you by your lender. Remember, there may have just been a mistake or even a typo and your advocates (your lender and agent) are there to assist you. Save the meltdown for when the kids decide to “crayon” your recently painted living room walls. That’s it for now, but if you want a dream transaction instead of a nightmare, please contact Ruth Bethem at Ruth@RuthBethem.com or direct at 239-777-7007 or toll free 877-777-7545 for further information or questions on Naples Florida real estate.
Build your dream home on this beautiful quarter acre residential BUILDING LOT in the much sought-after Park Shore of Naples, FL. This home lot is within walking distance to Venetian Village where you can enjoy boutique shopping with styles from chic casual to simply elegant. Highlighted scheduled social events throughout the year such as the famous Boat Parade have made Venetian Village a must-stop spot. Set in the true Italian waterfront style, take advantage of eating alfresco with forever views from the upper deck on Bayside’s terrace overlooking Venetian Bay. The sugar white sands of the beach at Horizon Way are just a few minute’s drive from your slice of paradise. Just “around the corner” are the Waterside Shops offering valet parking, personal shopping and current trend fashion shows where there’s something in their event calendar to satisfy every family member. For those especially fond of the cultural arts, tickets to the Naples Philharmonic, lovingly known as “The Phil” by Neapolitans, offers a plethora of selections from orchestra to the arias, ballet to the Blues, there’s always something to entertain yourself with at The Phil. Right next door is the visual arts center, the Naples Museum of Art, displaying world-class paintings, sculpture, drawings and other art forms and just about a mile north is the much anticipated Mercato. An experience of inviting streetscapes combined with upscale shopping, fine dining and the ever popular Silverspot Theatre, where you can dine and take your cocktail into the theatre with you while your reserved, leather seats are awaiting you. Luxury doesn’t stop there: head a mile down the road and you’ll find the Ritz-Carlton at the beach with world-class amenities and the Ritz-Carlton Golf Resort within 1/2 mile of the Mercato in the other direction, taking full advantage of the breathtaking beauty of the Paradise coast. There’s also world class galleries, shopping and eateries at the 5th Ave and the 3rd Street shopping district awaiting your arrival in Olde Naples. Don’t wait any longer, Naples is recovered and we’re on are way to a stable market. Currently, there are only 8 vacant lots available in all of Park Shore, the Moorings and Coquina Sands under $1m. Lot size is 125x117x83x100 and is .27 acre zoned for R1-10A with a building potential of up to 7,500-8,000 s.f. of living with a maximum of 30ft building height.