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Our Trending Market-- Charlotte County and Lee County, Florida

By: Bill Panebianco

The big question most home buyers have today is ‘where is the market now’? That is a multi layered question as like a diamond, the market has many facets. One facet is this year vs. last year. I don’t have the data for Charlotte County but it I do have it for Lee County as I recently attended a meeting that spoke about the 39.1% increase in Lee County New Home sales for 2012. Buyers started to look less favorably at SW Florida after 2006. Everyone wanted a $500,000 home for $100,000 and thought it was easy to find nice ones. This was not quite the case but deals were out there.  According to Randy Thibaut CEO of land Solutions and prominent local key note speaker, there is now a pent up demand for New Homes. Most resales were built before 2006.

If you were looking at a new car or a used car, you may want one that is 1 or 2 years old but most used home choices now available are over 6 to 10 years old (clunkers).  Another facet is the price equilibrium between new and resale has shrunk. Prior years, because of the large number of distressed properties out there many were at bargain basement prices.  The gap is now between 5 to 20 percent more to get that brand new home. The monthly payment is often about the same as many builders have some preferred lenders who help with rates and closing costs.

Are you throwing money down the drain?

By: Bill Panebianco

Are you still one of the many people in Southwest Florida who has a landlord?

Are you sick and tired of helping someone else build equity? If so, think about these numbers: The cost of a brand-new Adams Home in Port Charlotte or North Port starts at $119,900.  This means nothing to most people unless we break it down into what really matters to you: the monthly payment.

Our preferred lenders’ current rates are 3.5 percent for a 30-year fixed rate on an FHA loan (only 3.5 percent down payment). With a down payment of $4,196, the monthly payments would be $519.56 per month (principle and interest). The average rent on a 3- bedroom, 2-bath home or apartment is $1,125 per month. It is $606 per month less to own.

Now Hiring Closing Coordinator in Charlotte, NC

Do you love to help people? Our administrative team is comprised of associates that do more than make copies and organize files, they are committed to being positive-minded problem solvers and enjoy working with all different types of people.  

Our team understands that buying a home is often times the largest investment a family will make and keep it top-of-mind that our homebuyers count on us to make the process as smooth as possible.  Our closing coordinators are often juggling phone calls, emails and files at the same time, all while projecting a cheerful and calming demeanor.

They receive personal satisfaction in being a vital role as the customers journey through the process of contract through closing.  Does this sound like an opportunity you are interested in?  We invite you to connect with us and explore openings in your area.