SW FL, Lee County Real Estate

Lately, all the real estate articles you read in our local papers are negative. We definitely have a slower market than we did 2 years ago. However, we do have a market here in Lee County, FL.

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Fort Myers Real Estate News - Activity Report

The listings in this MLS Report include properties in Lee County, FL only.

You can read the report here.

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Home Maintenance

Owning a house is a great investment, but requires regular maintenance to help keep the home’s value.  To protect your investment, here are some home maintenance items that you shouldn’t ignore. 

Mark your calendar each year to do an annual check on the following items.  Remember to keep your receipts on any repairs that you have done.

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Fort Myers Home Buyers 

Now is the time to take advantage of the low home prices.  Home sellers are anxious and have dropped their prices to a realistic level.  It is a “buyer’s market.”  Home inventory is high.  You have a great selection from which to make your choice.

Give yourself and your family a gift this Christmas.  Buy a new home in Fort Myers, FL.  Have the happiest, sunniest holiday season! Many homes are available now and ready for you to move right in. 

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STOP thinking of investing or buying a home or condo in the Fort Myers, Florida area. 

JUST DO IT! 

I’ve held several open houses in the last couple of months and had several local renters looking to buy.

Because of all our media hype about falling real estate prices, they seem to be on the fence and waiting for the bottom of the market.  Don’t wait too long. 

There are some really great prices and fantastic real estate deals out there, right now.  You really should take advantage of some of them while you can.  The market will change again before you know it.

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Got a new job in a new location? 

When you are relocating to another city for a new job, the first thing you should do is to get professional advice from two important people, a professional realtor and a tax expert.

Your realtor will go to work to market your current home to get it sold in a timely manner and will put you in touch with a realtor in your new city. 

Your tax advisor can tell you what moving expenses you can deduct from your income tax liability and can go over the current capital gains implications. 

(Publication 521 from the Internal Revenue Service can provide you with up-to-date changes in deductions allowed for moving expenses.)

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There are several reasons for Southwest Florida’s real estate market slow down this past year.

A few years ago, the media hyped up the Baby Boomer issue.  Baby Boomers are a large part of the market here in the Fort Myers area.  The Boomers started to think about their retirement in 10-15 years and began to look for retirement property. 

Some Boomers lost money in the stock market, so real estate investments looked attractive to them. 

All the major builders in the USA got on board and began to buy up all the vacant land.  That pushed the price of vacant land way up. 

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By definition, “fair market value is the price an informed buyer is willing to pay and an informed seller is willing to accept, neither party being under any pressure to act.”  What the definition fails to explain is how to find that elusive amount or price.

However, in hindsight, you can determine the price through a careful historical analysis of recent sale prices.  Properties that have already sold are proof that buyers and sellers were in agreement about price.

Actual sale prices are the best indicators of the prices that buyers