“Oooops” is taking things lightly. A mistake in a real estate purchase has more serious consequences than a mistake playing tic-tac-toe. Our real estate market in Naples, Florida has some significant differences from market areas up north and some of them can lead to unknowingly making major mistakes. Here are some are some ways to avoid real estate pitfalls:
- Build a realtionship of trust and commitment with one agent to represent you in your immediate or future real estate needs. This seems so basic yet it is something that is completely misunderstood in Florida. There is a difference between a customer and a client. The duties and obligations change with the level of commitment. Insist on a buyer agreement. When we first came to the area, even as Realtors, we asked for a buyer agreement. Understand how you benefit from a Buyer Agreement.
- Don’t wait any longer to make your purchase. Every buyer would love to buy at the bottom of the market – you pay less than everybody else on the planet and look like a real estate genius. Wouldn’t it be great to know exactly when the bottom is? The problem is that nobody knows when the bottom happens until after it has actually happened – it’s the old adage – hindsight is 20/20. Unless you want to ignore the facts, the Naples real estate market is way past the bottom. The inventory of homes on the market for sale has shrunk and the law of supply and demand has taken over such that the market is quite balanced between the buyer and the seller (transitional in favor of sellers in certain communities). Prices are going up. If you are serious about purchasing a home or a condo in the Naples or Bonita Springs areas, then do it sooner. The longer you wait, the more you will pay for the same property.
- Ask questions, ask a lot of questions and ask the right questions. Some of the differences in residential real estate between states and even jurisdictions within Florida can cost you money and make for some surprises. Even in our market area of Naples and Bonita Springs, there are noteworthy differences between Collier County and Lee County – the contract is different and who pays for what at closing is different. Is there a transfer fee for a buyer in the community? Is there unpaid CDD? What are the rental restrictions if I want to rent out while I’m not using the property? Does that quarterly fee cover roof replacement? Are there any special assessments? What are the requirements from both Lee & Collier County in regards to renting? What is a Tourist Tax? These are just a few of the things that should be addressed up front. You can’t possibly know all of the questions that you should be asking. Commit yourself to a knowledgeable professional Realtor to avoid surprises.
The market is moving fast, you will have to make decisions faster – You need a comitted and knowledgeable agent on your side.
If you are seriously thinking of buying a home in Naples FL? Call us to schedule an appointment in person or over the phone. We will listen to your wants and desires and will get to work on finding you the perfect home. Buy now, enjoy today and pay less than tomorrow.
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Naples FL Communities
Aqualane Shores (Boating) – Olde Naples (Beach Cottages & Luxury Estates) – Coquina Sands (Beach & Bay) – The Moorings (Beach & Bay) – Park Shore (Beach & Bay) – Seagate – Pelican Bay (Beach & Golf) – Pelican Marsh – Vanderbilt Beach (Beach Front) – Connors (Boating) – Naples Park (Walk to Beach) – Monterey – Autumn Woods – The Dunes (Resort Style) – Pelican Isle Yacht Club Condominiums (Boating) – Tarpon Cove – Audubon Country Club (Golf) – Banyan Woods – Vineyards –
Bonita Springs FL Communities
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