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The Naples and Marco Island Real Estate market encompasses a very large geographical area with thousands of homes. With just a few questions we are able to get a pretty good idea of what it is you are looking for. If you would like us to do the legwork for you, Contact Us
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Our Blog covers topics such as the latest developments in the market, new listings, a feature community of the month, and other information vital to you whether you are buying or selling a home in the Naples and Marco Island area.
Market Update March 2010
The Real Estate market in Naples is definitely heating up with over 3,200 homes sold in the last 90 days. If these trends continue we can hope to see further stabilization in our market. While it is still too early to tell the effects on pricing, it may make sellers less likely to give large discounts off of list price in hopes of receiving multiple offers before the end of May. For a full breakdown of the sales numbers for Naples by price range and time, please visit our March Market Update Post
Naples 12 month report for pending sales
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Lenders are always looking for new ways to help buyers get into the home of their dreams. Today they frequently use adjustable rate mortgages (ARMs) to increase the buyer's options. The interest rate on an ARM changes periodically to reflect changes in the national market. Since the loan starts at a rate that is lower than the national average, lenders can reduce the borrower's qualifying criteria.
One way to distinguish between different ARMs is by the national index to which they are tied. Some ARMs are tied to a slow-moving index called the cost-of-funds index; these are usually the most desirable. ARMs that are tied to a more volatile index, such as Treasury Notes, can be adjusted upward at a quicker rate. Look at all the factors before choosing a loan. The faster index loan may start out with lower rates and lower monthly payments, but the slower index ARM may eliminate your concern about having to re-finance down the road.
What real estate board game became the best-selling game in America just one year after it was created?
A
Charles B. Darrow invented Monopoly in 1934, to cheer himself up while unemployed during the Great Depression. Monopoly is now the most popular board game in the world and has sold over 200 million copies.
The Roller Team Premiere Plus Realty 749 12th Ave. S. Naples, FL 34102 Phone: 239-289-3823 Fax: 866-542-0597 Walter@TheRollerTeam.com
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