Leugers Group - Brokered by eXp Realty

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"To raise the bar in our society by rendering life-changing high value service that saves the people we serve time, money and frustration."

Monday, June 3, 2019

Lee County’s April 2019 Market Snapshot

No matter if you’re buying or selling in our Lee County market, opportunities are there for the taking. Find out why in our latest market update.

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Selling a Southwest Florida Home? Click here for a Home Value Report

It’s time for a look at how our Lee County market performed this past April. There’s a lot to share, so let’s jump right in.

Although the number of closed sales for single-family homes saw a 6.8% dropoff year over year, the median sale price went from $263,000 to $266,500—a 1.3% increase.

As we predicted, the market is making an adjustment, which has led to a bit of a downturn. Even still, we’re seeing plenty of activity and buyers getting into the market.

For sellers, this could very well mean that now is as good a time as any to take advantage of all the opportunities before you in our market. If you’re more comfortable with waiting, just know that you could be gambling away the chance to earn top dollar on your home sale.

The choice of whether to get into the market now or later is much clearer for buyers: Year over year, the number of active listings in our market has shot up by 10.2% from 6,017 to 6,633. It goes without saying that the more homes available to you, the better your chances of finding the perfect home. 

We’re seeing plenty of activity and buyers getting into the market.

As for new pending sales, we’ve had a year-over-year increase of 5.5%, so it’ll be interesting to see if we can keep this up into May.

Next, let’s look at the median time to contract—from the time the home goes on the market to the time it’s under contract. Here, we saw a 16-day jump from 55 days to 71 days. In all likelihood, this can be attributed to our market’s above-average supply of inventory. Unless a home is priced aggressively, it’s going to sit a little longer. 

Shifting the focus to townhomes and condos, the number of closed sales is 6.9% higher than it was at this time last year. The median sale price for these homes is up as well: Between April 2018 and this April, it rose from $198,000 to $205,000. For condo owners looking to sell, upgrade, or downsize, it only makes sense to get your property on the market now.

Our market’s sweet spot when it comes to pricing is currently between $200,000 and $300,000. Broken down further, it’s between $200,000 to $250,000 and $250,000 to $300,000 for condos and single-family homes, respectively.

For help with any and all of your real estate questions and needs, you can reach us by phone at 239-309-2352 or find us online at SearchFloridaGulfHomes.com. We hope to hear from you soon!

Thursday, December 27, 2018

Title Expert Beverly Onson Explains Important Topics Related to Closing

Navigating the closing process is much easier if you’re equipped with the right knowledge, and we’d like to offer you that information today.

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Selling a Southwest Florida Home? Click here for a Home Value Report

Today’s guest, Beverly Onson, has worked with Fidelity Title for some time and knows all the ins and outs of the closing process as a result. And it’s for exactly this reason that we brought her in for this message—so that she can offer insight into some of the questions people typically ask about taxes, home loans, and the financial side of the closing process.

To kick off the conversation, Beverly first explained how taxes work here in the state of Florida. In short, Florida residents pay their taxes in arrears—meaning that taxes are paid out through a single bill toward the end of the year. Speaking of taxes, the subject of Homestead Exemption is another area of confusion for some in our area.

Essentially, Homestead Exemptions, available in Florida only to homeowners whose primary residence is in our state, offers property tax exemptions on some (or all) of their home’s taxable value. New homeowners can apply for this exemption anytime after closing. Generally, doing so shortly after receiving your recorded deed in the mail is a good idea.

Better still, applying is simple. All you need to do is visit www.leepa.org and fill out the relevant form under the “Exemption Information” tab on the sidebar. You can find plenty of information on other applicable tax exemptions on this website, as well, including those for seniors, veterans, and widows, to name a few.

Inquire before you wire.

Another critical subject Beverly touched on during our discussion was wire fraud. This increasingly common scam has become a hot topic in our market as of late—and for good reason. Wire fraud scammers target innocent buyers by tricking them into sending their closing funds to the wrong account. To achieve this, scammers pose as someone legitimately involved in the transaction, typically the buyer’s agent or someone from the buyer’s title company, and then send out fraudulent wiring instructions as the buyer approaches closing.

It's precisely for this reason that Beverly Onson and her teammates at Fidelity Title provide verbal wiring instructions to each and every buyer they work with. They do also send email instructions, but these are only accessible to buyers if they are able to enter the secret code provided to them during the previous verbal discussion.

Beverly also notes that wiring instructions for a given buyer will never change. So if they receive an email claiming this is the case, they can be certain it’s a scam. If a buyer is ever uncertain, though, Beverly says they can always call for confirmation before sending any funds.
Ultimately, there are a number of ways to protect yourself against wire fraud. It’s all about knowing what to look out for. Inquire before you wire.

If you have any other questions for Beverly, feel free to give her a call at (239) 954-6790 or email her at bonson@fnf.com.

And, as always, if you have any other questions or would like more information about anything related to real estate, please reach out to me. I look forward to hearing from you soon.

Thursday, December 13, 2018

A Video Tour of Esplanade Properties

Join us as we tour three luxury model homes.

Buying a Southwest Florida Home? Search all Homes for Sale 
Selling a Southwest Florida Home? Click here for a Home Value Report

Today we’ll be giving you a video tour of three Esplanade model homes.

For your convenience, we’ve provided timestamps to help you navigate to the section(s) you’re interested in viewing:

(00:23) — This 2,275-square-foot home features three bedrooms, three bathrooms, and a den. This model has an open floor plan and is one of the most popular options that Esplanade builds. These homes cost anywhere from $600,000 to $700,000 and include a pool, spa, summer kitchen, outdoor fireplace, wood floors, and much more.

(03:48) — This model home is around 2,900-square feet with three bedrooms, three-and-a-half bathrooms, a dining room, and a den. It includes a beautiful outdoor living space and shows off two guest rooms.

(08:14) — Today’s final tour is of a 3,800-square foot home, which includes a media room, two-car garage, dining room, den, and much more.

If you’d like more information about these properties or have any questions, reach out to me. I look forward to hearing from you.