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Tegan DeClark

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Top Stories by Tegan DeClark

Welcome to Naples, Florida.  World renowned for the high-class lifestyle, a winter retreat for celebrities and fortune 500 CEO’s.  Naples has some of the most exclusive addresses in the country.  Where extraordinary mansions set along a beach which was once voted by the travel channel as America’s best all-round beach.  Where the county for which Naples is located is rated as the highest income per-capita in Florida and the 20th highest in the country. You may wonder how on earth you could even vacation here, let along be a year-round resident. Can you live in paradise for far less than the average home sold in the United States? The answer is, yes. The real estate bubble did hit here and it hit hard, many greedy investors and speculators looking to get rich over night, jumped in too late and too high.  Now though, prices are down to as low as 2001 values.  How abou... (more)

Agents To Pay For Buyer Stimulus

The website, Lookflorida.com states: 'A group of Florida real estate agents have agreed to participate in the FREBS program.  These agents will give you  a cash stimulus at closing on your Florida real estate purchase.  You could be eligible for up to $150,000' The stimulus program is an initiative to help buyers with closing costs, but could end up doing a lot more.  Like many recent cash stimulus programs, such as 'Cash for Clunkers' there needs to be plenty of money behind the project in order to make it successful.  To fund this program, the agents involved will give a portio... (more)

Marco Island Home Sales Increase 30% over 2008 Sales

According the Marco Island Area Association of Realtors (MIAAOR), Home sales last month on Marco Island are up 16% from last month and up 30% from August '08. The average sale price is also up 40% from last year to $786K. Condominiums sales are slowed from last month, down 35%. More dramatically though, the average sale price is down 55% to $308K from last August. The least expensive single family home on Marco Island is $179K and the most expensive is 1572 Shores Ct for $9.9M. The least expensive condo is $69K and the most expensive is the Madeira beachfront penthouse for $7.45M ... (more)

$8,000 Homebuyer Tax Credit Amended To Be Used As Downpayment

Once again, the ball has landed in the buyer’s court, with the implementation of the Florida Homebuyers opportunity Program.  A substantial win for all parties involved in pushing the program into reality. In Florida, the battered housing market can always use more positive news according to local real estate agents. “This new stimulus couldn’t come at a better time for buyers” says Marco Island real estate agent Bronwyn Jones.  “With the home-prices at an 8-year low and the excellent mortgage rates available, properties are more affordable now than ever. Buyers feel that this is... (more)

Buyers who missed the boat in the boom are now riding the gravy train to retirement in Florida.

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Katharine and Paul Wright are ready to invest again. They had luck on their side when they ‘missed the boat’, in Florida; five years ago. Paul was transferred to Naples, FL and Katharine decided to start her own business. “We wanted to get into the real estate game, it seemed like people were making money by just having their name on a deed, we were uneducated and naive. We almost made a big mistake, by buying at the peak”. They found their dream home but it was advertised as a bargain at 1.6 Million, with a... (more)