Sanibel Real Estate Blog: TOP 10!!

August 8th, 2017

Travel and Leisure magazine just came out with it’s annual World’s Best list and good ole’ Sanibel  Island came in at #10!! Pretty amazing. Check out the August issue for yourself!

Sanibel real estate sales are moving along nicely this summer. If you have any questions about Sanibel real estate or your Sanibel neighborhood, check out our website at www.chuckandrews.com or give us a call at 239-849-3396 for more info.

Sanibel Real Estate Blog: Some Stats for June

August 1st, 2017

June was a busy month in Southwest Florida for real estate. There were more closed sales, more active listings, and higher median sales prices than June in 2016.

1276 single family homes sold in Lee County and that was up 8.45%, condos were up 11.9% as 575 sold. How about that median sales price– still going up? Single family homes were up 7.6% ($247,950)and condos were up 2.5% (186,000).

Thinking of jumping in on this with some Sanibel Real Estate? Check out our website at www.chuckandrews.com or give us a call to discuss Sanibel real estate anytime.

Sanibel Real Estate Blog: Ding Darling Photo Contest

July 20th, 2017

The 30th annual “Ding” Darling Days Amateur Nature Photography contest is accepting entries through Sept. 15. Complete contest rules, and entry form and other contest info can be found at www.dingdarlingsociety.org. Winners will be announced on Oct .21 at the Conservation Art Day.

So, polish off the camera and get out to Sanibel where  nature awaits. If thoughts of Sanibel real estate enter your head while visiting, check out our website at www.chuckandrews.com or give us a call to talk about Sanibel real estate anytime.

Sanibel Real Estate Blog: The Closing Disclosure

July 12th, 2017

It’s acceptable for real estate professionals to receive a copy of the closing disclosure from lenders, the Consumer Financial Protection Bureau (CFPB) ruled late last week. About a year ago, the CFPB released this clarification, and last week’s action makes it official, says the National Association of Realtors® (NAR).

This is great news- we (agents) felt a bit shut out of the process with lenders at the closing juncture of the whole process. Turns out that agents actually do find errors and it was a good thing when we were involved.

So, the next time you close on a home with a lender, lenders will be able to share the closing disclosure. Hopefully, this will help reduce the closing table errors!

And if you are looking for some Sanibel real estate, then check out our website at www.chuckandrews.com or give us a call to discuss Sanibel real estate anytime.

Sanibel Real Estate Blog: Estoppel Fees Capped

June 29th, 2017

One of the new laws in real estate world is the cap on estoppel fees. Previously unregulated, management companies could charge whatever they wanted at closing to seller to give their blessing to the closing.

Here is how the Florida Board of Realtors explains the new law: Cap on estoppel certificate fees – Sellers of properties who live in an HOA, condo association or co-op will have a limit on the amount they’ll pay for an estoppel certificate, a document that informs a buyer if the seller is current with their dues and assessments. SB 398 (Sen. Passidomo, R-Naples) caps estoppel certificate fees at $250 for unit owners who are current in their assessments. Associations may charge an additional $100 for expedited estoppel certificates (delivered within three business days) and another $150 to owners who are delinquent in their assessments. The bill sets the price of estoppel certificates for multiple units owned by the same person and establishes a uniform, statewide format that ensures buyers and closing agents receive the appropriate information needed to close the real estate transaction. This bill also requires certificates to be valid for 30 days if delivered electronically or 35 days if delivered by mail.

Good news for Sanibel real estate sellers! If you are thinking of selling your Sanibel Real estate, check out our website at www.chuckandrews.com or give us call to discuss your property.

Sanibel Real Estate Blog: May 2017 Looked Good!

June 22nd, 2017

The home sales numbers have been tallied for May and the median price is up to #239,000 statewide. That is a 7.7 % increase from last year at this time. The condo statewide median price is now $178,000- that’s an 8.1 % increase over last year.

Sales of single family homes statewide totaled 27,850, up 7.6% compared to May 2016. Condo sales totaled 11,538 in May 2017, giving us an 8% increase over last year at this time.

May is traditionally a big month for closed sales in Florida- as a culmination of the contracts gone pending in Feb and March with the second home market.

Look for our Sanibel real estate stats next week! Buying or selling Sanibel real estate, have a look at www.chuckandrews.com where you can find all area listings. Give us a call to discuss the market anytime.

 

Sanibel Real Estate Blog: Mortgage Rates Still Falling

June 9th, 2017

According to mortgage buyer Freddie Mac:long-term U.S. mortgage rates fell this week, as the benchmark 30-year rate declined for the fourth straight week to its lowest level in nearly seven months.

They went on to say  the average rate on 30-year fixed-rate home loans dropped to 3.89 percent from 3.94 percent last week. The rate stood at 3.60 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971.

Maybe time to look into some Sanibel real estate! Check out the Sanibel real estate listings on our website at www.chuckandrews.com or give us a call to discuss the market anytime. We can also recommend some excellent lenders with really good rates.

Sanibel Real Estate Blog: Chuck’s update

May 31st, 2017

As of May 23rd, our Association of Realtors numbers tell us that we are on the same pace ( closed sales) as 2016 but still 23% lower than the banner year of 2015. Our market is healthy but not as robust.

Don’t believe everything you read in the papers about the real estate market. The Wall Street Journal reported on two occasions that ” we have rebounded to the levels of 2006″. While this may be true in some areas of the country it is not the case on Sanibel or Ft. Myers. In the USA today on May 31 an article stated that home prices have increased by 5% since last year and have done so for the past few years. I can tell you that is not the case in my neighborhood. While we have gotten a lot of back, we are not back to 2006 prices. I can cite many examples in residential neighborhoods where this is not the case.

If you would like more info on your Sanibel real estate– give us a call or check out our website at www.chuckandrews.com for all of Sanibel real estate listings.

Sanibel Real Estate Blog: Median Price Still Rising

May 25th, 2017

The statewide median sales price for single-family existing homes last month was $234,900, up 10.3 percent from the previous year, according to data from Florida Realtors research department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in April was $172,000, up 7.2 percent over the year-ago figure. April was the 65th month in a row that statewide median prices for both sectors rose year-over-year. The median is the midpoint; half the homes sold for more, half for less.

There you have it…. time to buy or sell   some Sanibel Real Estate— give Chuck Andrews a call at 239-849-3396. Or check out our website at www.chuckandrews.com for more info on all of Sanibel real estate.

Sanibel Real Estate Blog: What about Zillow

May 15th, 2017

As a real estate agent, I love that Zillow quickly gets my listings to the internet in yet another venue to find buyers. But it is a love-hate relationship as Zillow’s formula makes for many errors.  In fact. A homeowner has filed suit against  Zillow, claiming the company’s controversial “Zestimate” tool repeatedly undervalued her home, creating a “tremendous road block” to its sale. She is asking that they remove or amend their “Zestimate” of her home. They have it at nearly $100,000 below her asking price and current neighborhood value.

If you have some Sanibel real estate that you would like to know the value of- trust your Sanibel real estate agent (or an appraiser) but use Zillow as only a rough guide. Check out our Sanibel real estate listings at www.chuckandrews.com or give Chuck Andrews a call at 239-849-3396 to discuss your home’s value anytime.