Saturnia Lakes - Naples, FL courtesy of Karis Baxter & Premiere Plus Realty

Have questions about how to take title? Watch this informative video to help with your decision.

WWMR Video Series: A Minute with Morgan | Woods, Weidenmiller, Michetti, & Rudnick LLP Attorney Morgan Hila discusses the age old question asked during a residential real estate closing: “How should one take title to the property?”    

Dedicated activity/workspace is a biggie.

5 Emerging Home Design Trends to Watch Flexible spaces, updated living rooms, and fancy pools are among the hottest home trends of the year.

Great information

Q&A: After Surfside, What Should I Know About Condos? Shaken by the recent disaster in Surfside, many condo owners wonder what they don’t know but should. A Q&A with specialists and attorneys provides some answers.

Yes!

HGTV's 2021 Smart Home is in Naples HGTV's 2021 Smart Home is a ranch-style home in a private-cul-de-sac minutes from Marco Island. The sweepstakes to win it runs from April 21-June 11.

Many blessings in 2021!

Why It Makes Sense to Sell Your House This Holiday Season

If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale has dropped to an astonishing all-time low. It now sits at a 2.5-month supply at the current sales pace.

Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market, in which there are enough homes available for active buyers (See graph below).

When the supply of houses for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This means competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers.

As this happens, prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. So, if your neighbors decide to remove their listings this season, your house may quickly rise to the top of a holiday buyer’s wish list if you stay on the market.

Today, there are many buyers who are ready, willing, and able to purchase. Record-low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live and to take action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.

Bottom Line

Home prices are appreciating in today’s sellers’ market. Making your home available over the next few weeks will give you the most exposure to buyers who will be actively competing against each other to purchase it.

Fla.’s Housing Market in 3Q 2020 Shows Strength Amid Pandemic Florida Realtors’ data: Single-family home sales up 13.7% year-over-year, condo sales up 13.5%; 3Q median sales price up 13.2% in both categories. Chief Economist O’Connor cites pent-up buyer demand and record-low mortgage rates as “driving factors.”

Here are your September numbers for Saturnia Lakes! Average sales were 97% of list price - up 1% from last month.

I 💙 SWFL!

Naples, Fort Myers make list of best places to live, according to U.S. News U.S. News & World Report is out with its annual list of the best places to live and retire in the U.S. for 2020 and Florida cities are well represented. U.S. News analyzed 150 metro areas to find the best places to live based on quality of life and the job market, as well as …

Good things to consider before listing your home.

Wow!! Ready to see what your home is worth? Buyorsellcolliercountyrealestate.com

With thriving housing market, experts talk economic future The housing market is on fire, a record jump in sales this summer. In July, 5.86 million existing homes sold, a nearly 25 percent increase. And the trend is expected to show it continued into August. The Federal Reserve also announced interest rates will stay a record low near or at zero for the nex...

🤍

Enjoy!

~ August Sales numbers for Saturnia Lakes are in!
~ Homes sold for 96% of asking price for the month.

Visit karisbaxter.com or buyorsellcolliercountyhomes.com

Buyers are waiting ~ sales were up in Saturnia Lakes for the month of August by 29%!

Its a marvelous time to sell Act now on your real estate plans

Excellent tips! Cannot stress the importance of some prep work. I've seen clients sell for much more just by pre-packing and deep cleaning the home.

Don't forget to pop some cookies in the oven. Smells create an emotional connection to a home. Scent is one of the biggest attractors or turn offs. Don't go overboard, though!

July resales look great!

Existing Home Sales Continue Record Rebound in July Boosted by historically low mortgage rates, existing home sales, as reported by the National Association of Realtors (NAR), posted another record increase in July and surpassed pre-pandemic levels.…

Always ready to answer any questions you might have!

Now it's easier to sign up for Saturnia Lakes - Naples, FL courtesy of Karis Baxter & Premiere Plus Realty's updates.

Saturnia Lakes sales update for July. 97.6% off of asking price is the average sales percentage for July. Feel free to contact me if you are curious what your home would sell for in this market!

karisbaxter.com

•A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers.

•Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment.

•Let’s connect today if your needs have recently changed and you’re ready to make a move this year.

Two Reasons We Won’t See a Rush of Foreclosures This Fall

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a rush of foreclosures like we saw in 2008. The market today, however, is very different from 2008.

The concern of more foreclosures based on those that are out of work is one that we need to understand fully. There are two reasons we won’t see a rush of foreclosures this fall: forbearance extension options and strong homeowner equity.

1. Forbearance Extension

Forbearance, according to the Consumer Financial Protection Bureau (CFPB), is “when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage.” This is an option for those who need immediate relief. In today’s economy, the CFPB has given homeowners a way to extend their forbearance, which will greatly assist those families who need it at this critical time.

Under the CARES Act, the CFPB notes:

“If you experience financial hardship due to the coronavirus pandemic, you have a right to request and obtain a forbearance for up to 180 days. You also have the right to request and obtain an extension for up to another 180 days (for a total of up to 360 days).”

2. Strong Homeowner Equity

Equity is also working in favor of today’s homeowners. This savings is another reason why we won’t see substantial foreclosures in the near future. Today’s homeowners who are in forbearance actually have more equity in their homes than what the market experienced in 2008.

The Mortgage Monitor report from Black Knight indicates that of all active forbearances which are past due on their mortgage payment, 77% have at least 20% equity in their homes (See graph below):Two Reasons We Won’t See a Rush of Foreclosures This Fall | MyKCMBlack Knight notes:

“The high level of equity provides options for homeowners, policymakers, mortgage investors and servicers in helping to avoid downstream foreclosure activity and default-related losses.”

Bottom Line
Many think we may see a rush of foreclosures this fall, but the facts just don’t add up in this case. Today’s real estate market is very different from 2008 when we saw many homeowners walk away when they owed more than their homes were worth. This time, equity is stronger and plans are in place to help those affected weather the storm.

🌟Mortgage rates hit another all-time low, falling below 3%.
🌟If you’re ready to sell a home, now is a great time to truly get more for your home at this historic moment.
🌟Let’s connect today to determine your best next steps toward homeownership.

Of the 4 listed, real estate is the only one you can live in.

New mail out on it's way!

Saturnia Lakes - Naples, FL courtesy of Karis Baxter & Premiere Plus Realty updated their business hours.

Saturnia Lakes - Naples, FL courtesy of Karis Baxter & Premiere Plus Realty updated their website address.