10 Cities Where List Prices Soared in the Last 12 months in the United States !

 

PRESS RELEASE : Thursday January 26, 2012

From the desk of : Joe Kendall. Broker Associate 

Sandals Realty of Fort Myers and Naples

 

I  would like to share some real estate information of our local real estate market in Cape Coral and Fort Myers reported by realtor.com . Listing Prices are increasing in Fort Myers and Cape Coral Florida , as recovery takes hold in many cities in Florida.

Florida boasts the highest number of cities in the top 10 for largest increases in median list prices in the last year. 

Nationwide, median list prices have inched up only 5.03 percent from December 2010 to December 2011, according to Realtor.com data. 

The following cities are where median list prices have increased the most in the last year, based on December 2011 data of 146 metro areas from Realtor.com:

If you are in the market you buy in Southwest Florida now is the time to do it ! Prices should slowly climb through 2012 into 2013

REMEBER PRICES ARE ALWAYS REFLECTED  ON SUPPLY AND DEMAND!

1. Miami, Fla.
Year-over-year increase: 32.50%
Median list price: $265,000

2. Naples, Fla.
Year-over-year increase: 21.67%
Median list price: $365,000

3. Fort Myers-Cape Coral, Fla.
Year-over-year increase: 21.47%
Median list price: $229,375

4. Punta Gorda, Fla.
Year-over-year increase: 19.42%
Median list price: $179,000

5. Boise City, Idaho
Year-over-year increase: 19.25%
Median list price: $154,900

6. West Palm Beach-Boca Raton, Fla.
Year-over-year increase: 18.38%
Median list price: $219,000

7. Sarasota-Bradenton, Fla.
Year-over-year increase: 17.62%
Median list price: $241,000

8. Daytona Beach, Fla.
Year-over-year increase: 16.06%
Median list price: $179,900

9. Phoenix-Mesa, Ariz.
Year-over-year increase: 13.79%
Median list price: $165,000

10. Grand Rapids-Muskegon-Holland, Mich.
Year-over-year increase: 13.32%
Median list price: $137,000

reported By Melissa Dittmann Tracey, REALTOR® Magazine Daily News

Please call or email me with any questions you may have reagrding the real estate market in Southwest Florida.

Best regards

Joe Kendall "Broker Joe"

Phone 239-560-0726

Email joek4realestate@aol.com

 

 

Looking for the perfect waterfront home in Cape Coral? Look no further! Joe Kendall, Broker Associate ( "Broker Joe" ) with Sandals Realty will provide you with complete access to all the gulf access homes for sale from the comfort of your own home waterfront homes, condos, bank owned properties, and Discover the  Cape Coral lifestyle. Please email or call me with all your questions about living the Cape Coral Lifestyle!

 

January 12 2012 , Bank of America is offering certain homeowners CASH at closing to short sale their Cape Coral and Ft Myers Florida homes. The rules stipulate that you must have your house listed by a Realtor, I will help you get your  home listed for a short sale and negotiate a contract within the guidelines set fourth by Bank of America. We have time to meet Bank of America’s deadline of their relocation cash at closing program, but you should act soon.  

Bank of America is offering up to $20,000 cash at closing to homeowners who qualify and close their short sale.

If you received a letter from Bank of America offering your this special cash incentive program, I can help you successfully avoid foreclosure. If you did not receive a letter, you should call Bank of America to see if you qualify. If you have questions, I can help assist you with determining if you qualify for the cash at closing relocation program.

I have successfully closed short sales in Cape Coral, Fort Myers, Lehigh Acres, Bonita Springs and have been helping people avoid foreclosure since 2006.

Bank of America’s special short sale department can be reached at (877) 459-2852.

I look forward to talking to you.

  

 

OPEN HOUSE  JANUARY  15TH 2012  FROM 1-4 PM LOCATED IN CAPE CORAL FLORIDA

Cape Coral Florida real estate, written by Joe Kendall, Broker Associate with Sandals Realty. Pre - Foreclosures / Short Sales located here in Cape Coral Florida, here is pictured one of my current listings in Cape Coral Florida.

I have been helping people in Cape Coral Florida avoid foreclosure since 2007 and this is another one of those efforts. the current Seller paid over $500,000 for this home and $128,000 in 2006 for the vacant lot. This is a 4 bedroom, 3 bath, 3 car garage home with over 3,400 sq. ft. of living area under air located in the northwest section of Cape Coral Florida! 

We are working with Chase Bank on this propety for the home owner and are currently waiting on your offer. I have closed several Short Sale Properties in Cape Coral Florida with the lender Chase Bank.

 

The address of this fine home is 1225 nw 42 street Cape Coral Florida 33993

I have closed several short sales in southwest Florida including Naples, Bonita Springs, Estero, Fort  Myers and Lehigh Acres.

 

Foreclosures in Cape Coral Florida written by Joe Kendall, Broker Associate with Sandals Realty. Two of the main points of buying a foreclosure is (1)  Don't judge a book by it's cover ! (2) The best value in price in a pool home where the pool water is the color green and their maybe tadpoles swimming in the pool ! in almost every case, this reflects in a much lower asking price compared to the cost of repairing / cleaning up the problem, then a well maintained yard and clean operated pool. 

Cape Coral Florida Foreclosures come in every shape, color and style ! There are some that do need your attention, but the rewards of a found treasure can be yours! 

You can request a complete list of Foreclosures in Cape Coral and through out southwest Florida by emailing me here                            

 

Cape Coral Florida real estate, written by Joe Kendall, Broker Associate with Sandals Realty.   Pre - Foreclosures / Short Sales located here in Cape Coral Florida, here is pictured one of my current listings in Cape Coral Florida.

I have been helping people avoid foreclosure since 2007 and this is another one of those efforts. the current Seller paid over 500,000 for this home and 128,000 in 2006 for the vacant lot. This is a 4 bedroom, 3 bath, 3 car garge home with over 3,400 sq. ft. of living area under air ! 

We are working with Chase Bank on this propety for the hoime owner and are currently waiting on your offer.

 

 

Bank of America is encouraging distressed homeowners to explore a short sale as option for avoiding foreclosure. Bank of America short Sale Department has created an incentive to Florida Home owners with a $5,000 to 20,000 cash at closing in relocation assistance for the home owner. This program is for a limited time only to help Bank of America wash through all the pre-foreclosure inventory in Florida . Here is how you may qualify for this program Homeowners with property that is located in the state of Florida Short sales initiated without an offer between September 26 and November 30 2011 Minimum relocation assistance is $5,000 and maximum is $20,000, with the specific amount calculated based on the unpaid principal balance Here is how you may not qualify for the program Ginnie Mae, FHA, VA and USDA loans are NOT ELIGIBLE NO LOT LOAN OR VACANT LAND Short sales THAT HAVE CURRENTLY Initiated with an offer are not currently eligible for the enhanced relocation assistance

Cape Coral Florida Short Sale Expert. Cape Coral Florida Homes For Sale! Talk to the Short Sale Expert ! 

 Cape Coral Florida Short Sales & Pre- Foreclosue's written by Joe Kendall Broker Associate with Sandals Realty of Fort Myers and Naples. Here is another Short Sale Deal on this outstanding home built by Tradewind Home Builders.

This home is located in Cape Coral Florida, designed and built for the entire family and then some!! Great home for the home owner that loves to entertain. The chefs designed gourmet kitchen with upgraded granite counter tops will impress you! There is room for all your adult toys in the three car garage !

The amenities of this home in located Cape Coral Florida are endless there is just to much to list, so call Joe kendall today to schedule your very own personalized showing!

Cape Coral Florida Homes for Sale written by Joe Kendall, Broker Associate with Sandals Realty.

 PRICE REDUCED  $15,900   NEW PRICE $109,000   

Cape Coral Florida Real Estate. Here are one of the few great real estate deals that are Not a foreclosure or short sale ! Desirable Cape Coral Yacht Club Location! Featured on a triple lot with a park like setting, this home just a personally and a creative touch! All the major work has been completed, Newer roof, central air and updated electrical! 3 bedrooms, 2 baths, family room with a large screen lanai with hot tub ! Call Joe Kendall,Broker Associate with Sandals Realty today to schedule your very own personalized showing! Hurry on this one!

Cape Coral Florida Real Estate. Search Condos for sale in Cape Coral Florida. FREE MLS SEARCH ! 

 

     

Waterfront Condos for sale in Cape Coral Florida ! The best prices, locations and amenities for a condo are located southwest Florida! 

 

The sunsets are amazing and are held nightly ! Now is the time to buy in Paradise!

 

 

Buying a Bank Owned waterfront foreclosure in Cape Coral Florida in 2011 could reward you with one of the best buys in the foreclosure market in all of Florida. The key is knowing the boating aspects in regards to each location of the property your viewing in Cape Coral Florida.

  It's a Buyers Market, it is also the time to shop for the "Best Location" and "Amenities" on a waterfront home or a gulf access lot, while the selection is great ! Here are some key things to keep in mind.

Here are some great questions to ask yourself as you view each property in Cape Coral Florida ! 

1 What is the water level on the canal at low tide?

2 How long of boat ride to the river? Gulf access?

3 Are there any boat lifts, locks or a bridge that I would have to travel through?

4- What is the bridge height at high tide? At low tide?

5- Condition of the sea wall? The dock? Active dock permit? Restrictions?

6- Is the property on a main canal for boat traffic? What is access to a main canal?

7- Fresh water home? Then what is the water level? How far can I travel in a boat?

8- It's all about the View ! Can I buy interesting canal location, better water view for the same money?

9- Where can I see water from what rooms in the house ? Again it's all about the View !

10- What are the fishing possibly from my own dock? Yes, some locations are better!

11- How big of boat will fit on the lift? What is the weight limits on the boat lift?

Before you buy a waterfront property in Cape Coral Florida, I strongly suggest you work with a Realtor that knows Cape Coral Florida on and off the water ! 

 

Here is a short list of questions you should have your Buyers Agent  ask the listing agent prior to making a contract offer on a bank short sale. It all starts with your Buyers agent asking the right questions to the listing agent, this will greatly increasing your chances of getting an accepted offer.

 These are the questions the Buyers Agent should ask the Sellers agent so you are not wasting your time and money on a listing that will never close.

(1) How far behind is the Seller on the mortgage payments? Most mortgage companies will not get serious about an offer unless the seller is at least 4 months behind in the mortgage and the bank has already started the process for foreclosure proceedings. 

(2) Has the Seller submitted all the required documents to the Lender? The lender will not even give the Listing Agent a reply without all the sellers required documents. Some banks require the seller's required documents and your offer submitted or all at the same time. Just knowing the listing agent has all the documents in their file ready will speed up the process.

 (3) What kind of discussions have you had with the Lender ? This question puts the listing agent on the spot and opens up discussions. You should be able to tell if the listing agent is in tune with the file and the bank. If the listing agent is without a direct line to the assigned Loss Mitigation Officer to the file would in most cases result in a longer then normal reply on your offer. Just hearing the answer to this question tells the Buyers Agent alot .

(4) Dose the Seller have a First and a Second Mortgage ? Is the second  it with the same Lender? It takes more time to close a bank short sale with two mortgages and is even more difficult if it involves two different Lenders, the the chances of the deal are greatly reduced, yet some do close but expect a longer wait.

(5) Dose the Seller have PMI ( Private  Mortgage Insurance ) on this property?  Many times this comes out in the very end of settling the short sale, so Ask it up front before making the offer. More often then not, the Investor that bought the insurance, will require a promissory note for the balance on his investment before accepting to close the deal. Most of the time they will not remove their portion of the debt on the property, if the seller can not come to so terms on a cash or a payment plan. The mortgage will not be able to be released from the Lenjder regardless of the contract price.  

There are some very good deals on homes that are listed as a bank short sales. They normally do not receive as many multi contract offers like bank owned property. Which currently is happening here in Southwest Florida.

We would suggest you don't shy away from the bank short sales! Find a Buyers Agent that has experience in purchasing and closing bank short sales. Here is a link to a Florida Buyers Agency Agreement

You just need to start with these simply discussions your Buyers agent. They should have these questions with with the listing agent. This will give a you a better understanding on the direction you should take by moving forward or moving onward to the next  homes for sale.

 

   

Cape Coral Florida Pre Foreclosure.  It's a Diamond in the Rough is the best way to describe this 3 Bedroom, 3 Bath pool with over 2,000 sq. ft. of living area. All Assessments are in and paid in Full! It's located in a desirable location in Cape Coral with over 2,000 sq. ft. of living area. Huge pool area designed for entertaining. Email today for more information on this home and many other Pre Foreclosure homes for sale in Cape Coral Florida. 

 

     

Let's start with Condos for sale in Cape Coral Florida. The best prices, locations and amenities for a condo is located in Cape Coral Florida. We have a huge inventory of condos on the market currently the best selection in probably 10 years! 

Southwest Florida is loaded with hundreds of Waterfront and Gated Communities the lifestyle choices and amenities are endless including world class Golf and Tennis Communities, the options are many and the savings over the last several years are very impressive.

Southwest Florida  has many  55+ Communities too! Start enjoying the early morning sunrises and the great evening sunsets and all we have to offer in southwest Florida! 

The "Good Life" starts right here in the waterfront community of Cape Coral Florida! 

What are you waiting for? Click on the link below and search for your dream home in paradise search today!

  Cape Coral Florida is a Waterfront Paradise ! Waterfront Homes for sale in Cape Coral Florida! 

When looking to purchase a waterfront Property, here are a few things you should review besides the condition of the home.

 (1) The top of the seawall is important to check many home buyers and agents do not check the condition of the seawall. The rain water should be flowing over top of the sea wall into the canal. Check to insure the water is not running behind the wall and underneath to the waterway.This will cause the seawall to weaken and crack. You should walk the entire edge of the sea wall where the yard meets the seawall. If there is already water running behind the wall you will notice the soil will be starting to wash away.

 

(2) The water surface side of the seawall and water depth. you should look at the outside wall surface to insure there are no major cracks. Replacing a seawall can cost several thousands dollars. Repairing should be done right  after closing on the property. The water depth at the dock should be reviewed at high and low tide times. I would also check to insure you have good water depth all year around to go boating.

 (3) Condition of the dock and boat lift. l personally look at every piling to insure there are no major cracks or "Pealing of wood" Stress cracks on pilings holding the metal supports for the boat lift will be located where the lift is bolted to the piling. I would operate the lift, if it has not been oiled in a while it will make a large noise. if it shakes I would have in inspected by a Marine Contractor and the bearings could be going and in need of replacement. ( I can give you a good reference of a Marine Contractor to give you a estimate of repairing or replacing the current lift. )

 
(4) Boating distance to the River and the Gulf of Mexico. We have over 300 miles of Gulf Access Waterfront in Cape Coral Florida. In some areas yes we do have a lot of water but during the dry season we have some canals that are hard to get a boat out to open water. We have different bridge heights (Boat clearance ) within the city of Cape Coral.

 (5)  Big difference in locations regards to boating distance (time in boating travel) to the river and open waterway.  As a home buyer you should know how long it will take you to get out to open water and what size of boat would you be limited to buying from any homes location.

I boat and fish these local waterways. You should be working with a Realtor who will help you get your best price and terms on your next home purchase! I will insure you will enjoy your new Gulf Access Waterfront home purchase as well as your boating experiences for years to come! 

 

               

  Joe Kendall, Broker Associate with Sandals Realty, the Waterfront, Residential Communities, Short Sale Expert and Author of over 1,300 posts about the real estate and the lifestyle of Southwest Florida ( Cape Coral, Fort Myers, Fort Myers Beach and Sanibel Island ) writes: 

Southwest Florida offers some of the best sunsets you may ever see !! We normally get a afternoon brief shower or thunderstorm in the late afternoon hours almost everyday which some people call "Liquid Sunshine"! These rain clouds help produce some of the amazing shows of color you may ever see in southwest Florida.

Living near the gulf coast in the communities of Cape Coral, Fort Myers, Fort Myers Beach and on Sanibel Island as each day comes to an end here in southwest Florida it results in some of the best sunsets you will ever see!

Buy a home with a western exposure and the " Sunsets Are Free ! "

 

    

Joe Kendall, Realtor with Sandals Realty a Waterfront , Community and Short Sale Expert phone 239-560-0726 or email Joe at joek4realestate@aol.comI would like to introduce you to one of the nicest waterfront neighborhoods in The Yacht Club Area of Cape Coral Florida. The canals range from 80 ft wide to 200 feet wide and will fit the largest size boat with water depth ranging from 6 to 8 feet deep along the 200 foot wide canals.

The Caloosahatchee River boarders the neighborhoods with outstanding waterfront views anytime of the day or night, The Home prices in this waterfront Community range from $160,000 on water up to 1 million dollars!

I would suggest you work with a Realtor who knows Cape Coral Florida on and off the water! Search hundreds of waterfront property including waterfront foreclosures by clicking here

 

 

 

 

Cape Coral Florida. was you Loan Modification denied by your lender? Are you facing a possible foreclosure situation? I can help you avoid foreclosure !

Foreclosure Advice written By Joe Kendall, Broker Associate with Sandals Realty. The Hardship Letter is the most important and is a major factor in getting your short sale approved by your lender along with your  documentation supporting this letter. ( I can go over this when we talk in Person)

I would like to give you some tips in how to write a hardship letter to your mortgage lender greatly improving your chances of the bank understanding your own personal situation.

 

Remember you are composing the "hardship letter" for your bank or your mortgage servicing company, do not write a book because most likely it will not get the attention your trying to receive from the lender. The person that is going to read this is someone that understands general information that is factual.

 

Please Keep it to one page (Do Not Type It , but write it out with an ink pen or print the letter out in ink, again Do Not Type This Letter !) be right to the point, put the emotional aspect  in the beginning and in the closing your message.

 

Here is an example list of hardships that lenders consider:

 

• Illness  (explain before and after effects)
• Loss of Job ( what income you made before and now current, explain in the unknown future if it's unclear. 
• Reduced Income (what you made before and what is now current )
• Failed Business   ( how much was invested, how much money was lost and how this has impacted you currently)
• Job Relocation ( forced to relocate ( current mortgage payment and what your new mortgage payment will be in our new location ) show your current income can not support two homes in a simple math problem)
• Death of Spouse or C0-Borrower
• Death (supporting documents )
• Divorce (support documents )
• Marital Separation (how this has impacted your ability to pay all your current bills )  
• Reduced Income (what was it before and now )
• Medical Bills   List all the bills current and future balance , list how much money you are currently behind)
• Damage to Property (natural disaster or unnatural)

 

Now that you understand what your lender or servicer is looking for, it’s time to sit down and write a hardship letter. . Make sure you make it unique to your personal situation. Do not talk about local or national media issues, make it very personal coming from your heart.

 

Remember that your hardship letter is a very important part of the workout process.

 

Example Hardship Letter:

 

Name: (Your Name)

 

Address: (Your Address)

 

Lender Name: (Your Lender)

 

Loan #: (your Loan #)

 

To Whom It May Concern:

 

I am writing this letter to explain my/our unfortunate set of circumstances that have caused us to become behind in our obligation to maintain our current mortgage payments . We have done everything in our power to make ends meat but unfortunately we have fallen so far behind that it looks very bleak so we are asking for your help. (ADD YOUR PERSONAL, EMOTIONAL FEELINGS HERE )

 

We would like you to consider working with us to modify our loan or doing a bank short sale. Our number one goal is  to keep our home and we now have come to conclusion our dream home and all we have worked for our in-tire lives is coming to end end and we have to come to terms with this. Please understand it's very hard and we did not ask for ourselves to be in this situation we are in today.

 

The main reason that caused us to be so far behind is ( insert the No 1 reason here and be to the point   ) Soon after being late and our income not being no where near enough, we had fallen further and further behind. It’s now to the point where we cannot continue to catch up or pay what is owed to you. It has always been in the past and up to now,  to fully meet our monthly obligations to pay what we owe and stay current. But at this time we have exhausted all of our income and resources so we are asking for your help.

 

(The approximate date start of the hardship, we believe that our situation is ? on future timetable is ? )

 

Our situation has got-ton worse because (reason here) and we feel that if you could rework our loan balance and mortgage payment or agree to do a short sale? We feel this  would benefit us and (the name of the lender here). We would appreciate if you can work with us to lower or delinquent amount owed and or payment so we can keep our home and also afford to make amends with your firm.

 

We truly hope that you will work with us and together we can get this settled so we all can both move on.

 

Thank-You for your time in considering me and my family's  under these hard and difficult times

 

Borrower’s Signatures

 

Date

 

Co-Borrower’s Signature

Cape Coral Florida. Named No 2 of the top 25 places to retire by CNN Money  Cape Coral features over 300 miles of Gulf Access Waterfront Homes and Condos. You can find your very own "Piece of Waterfront Paradise" right here, no mater what type of boating enthusiast you are ,as the locations are almost endless! We have a home or condo for you and your boat!  

                     

White sandy beach at the Cape Coral Yacht Club        The public fishing pier at the Cape Coral Yacht Club

      

    

Discover the " Waterfront Lifestyle" ! Park your boat in your back Yard! I do and so can You!

I live, boat and fish these local waterways ! Let me be your guide to discovering your very own "Piece of Paradise! "

Request a list of waterfront Homes starting around $150,000and Waterfront Condos starting under  $100,000 from my web site  by clicking HERE