Leugers Group - Brokered by eXp Realty


Our Purpose:

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


Tuesday, July 16, 2019

The 4 Financial Benefits of Homeownership



Homeownership is a wise financial decision. Here are four reasons why.

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

Today we wanted to share the four financial benefits of homeownership with you:

1. You’re paying for housing whether you rent or own. In our area, the median rent is about $1,750 per month. We’re also seeing that you can get a $200,000 property with a mortgage that has a monthly payment of around $1,200.

2. Owning is a form of forced savings. Research has shown that homeowners have a 44 times higher net worth than renters, on average. Ownership gives you the ability to build equity, pull out lines of credit, and more. You can’t do that in a rental.



Homeowners don’t have to worry about rising rental rates.



3. Owning is a hedge against inflation. Home values and rents go up in our market by about 8% to 12% each year. As inflation comes into the market, rent prices go up. If you’re in a home that you own, your mortgage will stay the same while your home value increases with the market.

4. There are substantial tax benefits. If you're living in your home full-time, you can take advantage of the homestead exemption and see significant tax savings through that.

In conclusion, from a financial standpoint, owning a home has always been and will always be better than renting. If you have any questions about buying, selling, or anything else related to real estate, don’t hesitate to reach out to us via phone or email today. We look forward to hearing from you.

Thursday, June 20, 2019

Cost vs. Value Pie Contest



Don’t miss our cost versus value pie competition.

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 answering some questions about how the cost of home remodels and repairs compares to the value brought by those projects. Additionally, we'll help you gain an understanding of where you will and won’t see an appreciable return on your investment.We decided to give today’s message a bit of a twist, though: Connor and Doug are going head to head in a trivia-style contest. And the cherry on top? After each question is asked, the first person to hit the table will have a chance to answer. If they answer correctly, their opponent will get a pie to the face. If they answer incorrectly, though, they’ll be the one to get the pie.

If you’re thinking about selling your home, reach out to us and we’d be happy to send you an itemized cost versus value report for your home, so you’ll be able to see where the greatest dollar-for-dollar return will be on the money you spend. For help with any and all of your real estate needs, please reach out to us as well. We look forward to hearing from you! 

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.

Buying a Southwest Florida Home? Search all Homes for Sale 
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!