It has been a very ruff ride for many owners and those that either invested or purchased properties in South West Florida during the boom.
It's not time to jump for joy, however the light at the end of the tunnel is getting brighter. While many purchasers saw there investments drop a staggering 40 -60+% during this time period it appears the bottom is hear and the uncontrollable drops are over. These signs started to show during late 2010-2011.
The market has not seen an increase that would lead the average person to see this,however statistics on foreclosures, short sales have seen a substantial decline.
Florida still ranks number one nation wide in some of these categories. However, buyers are venturing back to the area as as many bottom feeder, there is starting to be a back log of "Normal" buyers.
House starts are up and developers of condominiums communities are breaking ground on new projects or starting up those that have been bankrupt or just sitting for the past few years. Besides adding fresh inventory to the market and some offering buyer incentives banks are easing up on their strick lending policies of the past few years.
With good buys at below current market values or replace costs now is a very good time to review your interest in South West Florida REAL ESTATE. Don't let these opportunities pass you by sitting on the fence waiting for another major decline in market values to appear. NOW is the time to take advantage of soon to be gone excellent opportunities.
TO PROTECT YOURSELF AND AND YOUR MONEY MAKE SURE YOUR MAKE ANY OFFERES CONTINGENT UPON AN APPRAISAL.
ALSO, MAKE SURE YOUR APPRAISER IS KNOWLEDGEABLE OF THE AREA, NOT FROM ANOTHER MARKET AND IS ALSO A MEMBER OF THE LOCAL REALTOR'S MLS SYSTEM SO YOU ARE SURE TO GET THE MOST UP TO DATE MARKET INFORMATION FOR AN INFORMED DECISION ON YOUR INVESTMENT.TKE THE TIME TO TALK THIS OVER WITH YOUR REALTOR ABOUT HOW IMPORTANT THIS IS.
WHETHER YOU ARE GETTING A MORTGAGE IN THE AREA, ONE FROM YOUR BANK UP NORTH OR PAYING CASH IT IS YOUR RIGHT TO DEMAND KNOWING SOME INFORMATION ABOUT THE FIRM AND PERHAPS EVEN THE PERSON PERFORMING THIS EXTREEMLY IMPORTANT PART OF THE PROCESS OF YOUR INVESTMENT.
BOWER APPRAISAL INC. HAS BOTH SOLD AND APPRAISED REAL ESTATE IN THE MARCO ISLAND AND NAPLES FOR OVER 29 YEARS. YOU CHOOSE OUR FIRM OR ANOTHER, MAKE SURE THEY HAVE AN IN DEPTH KNOWLEDGE AND UNDERSTANDING OF THIS AREA. IT'S BETTER TO KNOW NOW RATHER THAN AFTER THE PURCHASE YOU DID THE RIGHT THING TO PROTECT YOUR INVESTMENT IN PARADICE.
WE DON'T CHARGE TO ANSWER YOUR QESTIONS CONCERNING OUR EVER CHANDING MARKET. PLEASE DON'T HESITATE TO CALL AND WE LOOK FORWARDTO HAVING YOU AS NEIGHBORS IN OUR LITTLE PIECE OF PARADICE.
BOWER APPRAISAL INC.
STATE CERTIDIED REAL ESTATE APPRAISER RD5791
992 WINTERBERRY DRIVE
MARCO ISLAND, FL 34145
239-564-1813
941-240-2104 FAX
GREG@BOWERAPPRAISLINC.COM
WWW.BOWERAPPRAISALINC.OM