Bob's Blog - Southwest Florida Real Estate Musings
Southwest Florida housing market reports, hot new listings, buying and selling tips and more from Bob Forman.
Many of the investors I have worked with in the past are moving towards multi family homes and commercial buildings as well as vacant land for best growth potential as well as return on investment.
Bonita Springs, Naples and Fort Myers are prime spots for these properties.
I just sold a duplex for under 140,000, the owner will put about 20,000 in. I advertised this property for rent on Craigslist for a week and had numerous inquires, I rented both sides for $1100 per month per side collecting 1st last and security deposits on each unit. Of course I did background & credit checks as well as employment verifications.
This was an exceptionally good deal considering a similar duplex down the block just sold for over 190,000.
Rents here are soaring, if you are looking to move some money around to perhaps purchase and get involved in this possible lucrative investment, let me know and or check out my new website, www.buyfloridare.com.
Those that think about it that do not pull the trigger will quite possibly say to themselves down the road, I missed out again.
Financing is also available for many of these purchases.
Bonita Springs, Florida, The Undiscovered Country.
There is a wonderful part of Bonita Springs that I discovered the 1st time by making a wrong turn. When I discovered this peaceful area, my wife and I knew this is where we wanted to live. Months later we purchased our current home in a community named Southlands, most people get it confused with the community named Fairwinds to our due north.
The reason for this confusion is because our community sign and one of the two streets in our community are called Fairwinds. Therefore, most of my neighbors and I call this place the Original Fairwinds or Fairwinds 1.
Southlands or Fairwinds are both located in the area in MLS BN06.
What does this mean to you? Difficult to find? Not really, but if you did not make a couple of timely turns you would never find your way.
One of the two streets in is Paradise, and for most of us, we feel like we live in "Paradise".
Since discovering this area and moving into it I have sold millions of dollars of real estate to people like us. People who like their privacy or people that don't want to see a ton of vehicles driving by daily. The two main streets in are Cockleshell and Paradise, neither are thoroughfares, meaning that they take you in but to stay on them as you drive north takes you to dead ends. The area consists of many different communities including homes ranging from the mid 100's to the mid 500s. There are condos from 95,000 and up.
Some of these properties border what once was the Bonita Springs Golf & Country Club. This course and club may be reopening in the not to distant future. One can only speculate on how this reopening would impact the values in our area.
The area as a whole also has some single family homes with lot sizes of over one acre. For those who want the ultimate in privacy. There is also some new construction going on, if that is what you want.
To learn more, contact me or check out my website, link below.
Come see what we are about, you will be glad you did.
See all Bonita Springs homes www.bobyourrealtor forman .com
See all Estero homes www.bobyourrealtorforman.com
See all Naples homes www.bobyourrealtorforman
Basic steps to investing in property to resell or flip.
Whether you are a 1st time investor or a repeater typically the same rules should apply to make a good return on investment. Many would be investors who are not given proper guidance end up buying a property that they get buried in and either make little or no profit.
How do you avoid this you ask? You need to be working with a Realtor that understands the market, someone who is not in for a quick sale and disappears before it is time for the resale because they know how difficult it will be to get you out without a loss after the rehab & closing costs are paid.
I work with many investors, we have had excellent success in this market because I am very careful of what I will allow them to invest in. I can provide you acess in our MLS and show many examples of what was paid for a particular property and what it resold for.
A good Realtor has to understand the market of today but also must have a good feel for what the market will be in 2-4 months when the subject property is ready to be placed back on the market. This Realtor should have many connections for workers and materials that can keep an investors cost in line so a good ROI can be achieved. What is a good ROI? Most of my investors are please with 10-15% of their total cost into the project. If this can be realized 3-5 times per year it can make for a very attractive system for investors to keep turning their profit into larger scale projects and thus more money. If done correctly it is also good for the Realtor who should be always on the lookout for the next potential great deal.
My team personally gets involved in color and product to make sure that when the property is ready to be resold it is attractive to buyers for a quick sale. I had two resale within five days of listing in the last sixty days.
Obviously there is much more to doing this the right and proven way, but the rest of the goodies are only shared with my clientele. Although I have been involved with investors in Cape Coral, Fort Myers and Lehigh Acres, most of my business has been done in Naples, Bonita Springs & Estero.
If I can be of any help, please let me know. Contact Bob Forman MVP Realty 239-322-7672 firstname.lastname@example.org
Search my website for information about SW Florida and all property listed for sale. www.bobyourrealtorforman.com
Bonita Springs, Best value in SW Florida?
Bonita Springs, the place to get the most home for the money, enjoy!
As a licensed real estate agent in Florida mainly serving southwest Florida to include Naples, Bonita Springs, Estero, Marco Island, Fort Myers and surrounding areas, I have the ability and privelige to see all of the best areas. As a former snowbirder for many years, all we new was Naples. Now as a full time resident who still loves Naples, my true infatuation is with Bonita Springs.
Why Bonita Springs?
1) You get the small town feel with all the advantages of a larger city.
2) Most people who live in the area are good genuine friendly folks.
3) Close proximity to the beach, no more than a 20 minute ride and most parts Of Bonita will only take a few minutes to get to the sandy shores.
4) Some very secluded areas like the former Bonita Springs Golf and Country Club area wear I live and I have sold many property.
5) San Carlos Estates located inside Bonita Springs where most homes have at least an acre of land.
6) Only 10-12 minutes to RSW, Regional Southwest Airport.
7) Coconut Point Mall and other great places to shop and eat.
If you would like to see or hear more, visit my website, link below or call me and I will be happy to show you my paradise.
Most of my listings sell in 60 days or less.
Call Bob Forman 239-322-7672. See all property in SW Florida
Fairwinds in Bonita Springs
Search all Fairwinds homes in Bonita Springs for sale to include new construction, conventional sales, and any distressed sales.
Fairwinds is located near the end of Paradise Rd. off Shangrila.
Fairwinds is a non-gated community of single family homes, many with private pools, all with tile roofs.
The community features lush landscaping, private road, lower HOA fees that include lawn maintenance as well as irrigation.
Contact realtor and neighbor Bob Forman 239-322-7672 for the latest news and other information on Fairwinds or the area in general.
Call me SEVEN days a week.
See all Bonita Springs homes including Fairwinds. www.bonitalistings.com
Aug. 2, 2016
See New Construction Naples, Bonita Springs & Estero on www.buyfloridare.com. When on my site, remove check-mark from either homes or condos if you want one or the other. Then click on advanced search, than "status type" check the 3 lines that mention construction. If you want to change other criteria, do it now and begin your search. Next if you are serious about buying, you should have Realtor representation, someone looking out for your best interests. If you have no one at this time, please contact me 7 days a week.
July 28, 2016
Is The Florida Dream to Own a Pool Home? See all SW Florida pool homes for sale, www.buyswflorida.com. Click on ADVANCED SEARCH. Remove check-mark from condos and check pool under preferences, than, choose the balance of criteria and see your results.
FYI, in Naples from 3/28/16-7/28/16, 1605 single family homes were sold, 928 had pools, this means that 58% of all Naples, FL homes sold had pools.
In Bonita Springs, over the same 4 month period, 509 single family homes with 315 having pools, this means that 62% of all Bonita Springs homes sold had pools.
So, is the Florida dream to own a pool home? I'd say so, the number or percentage of non-pool homes had or are having pools installed is impossible to say, but I do know that the pool installation business is booming.
So I repeat,to see all SW Florida pool homes for sale, www.buyswflorida.com. Click on ADVANCED SEARCH. Remove check-mark from condos and check pool under preferences, than, choose the balance of criteria and see your results.
July 21, 2016
Bonita Springs Offers Something for Everyone. This bold statement in my mind is accurate, let me tell you why. I feel that Bonita Springs is the pulse or perhaps the heart of SW Florida because of its location or should I say proximity to the beach, major shopping, great eateries, our airport, Southwest Florida International Airport or just RSW.
You are minutes from all the above by car which would include other SW Florida areas such as Old Naples or downtown Naples, Fort Myers Beach, Mercato, The Waterside Shops, Coastland Mall, The Naples Philharmonic and so much more.
All of these places make Bonita Springs a great place to live and raise your family.
Want to hear more? Call Bob Forman area Realtor. Yes I do live in Bonita Springs.
See all SW Florida property for sale. www.buyfloridare.com
July 20, 2016
The debate of rent verses own has gone on in most peoples minds at one time or another as it perhaps may ne going on with you right now. If you are thinking about buying, you can see all SW Florida homes for sale www.buyfloridare.com. Through the years I have helped many first time home buyers in Naples, Bonita Springs, Estero and other SW Florida cities and communities. Now I have some real numbers on the rent verses own struggle you may be currently having.
Here are the facts, rents in SW Florida are soaring and even though home prices are increasing as well, with all the advantages of home ownership you would have, you likely should buy now.
With interest rates still at incredibly low numbers you will discover that on average you will save 398.00 per month based upon a recent study. Multiply that over the next ten years and you are looking at saving a whopping 47,760.00.
If that alone is not enough to push you over the edge, consider the possible increase in value you may have. Case in point, I helped a young couple with their 1st home purchase in 2010, they decided to upgrade their home earlier in 2016, they sold their home for about 100,000 more than they paid!
My real estate website has a built in payment calculator to assist you in figuring your budget.
So now that you know this, you need to do two things before you begin the fun of redirecting your future:
1) Connect yourself with a hardworking seasoned realtor, one that listens to your needs and responds. I of course highly suggest me, Bob Forman.
2) Unless you are in position to pay cash, you will need to obtain local financing. I have a few excellent options in that regard so I can help you with that as well.
Don't procrastinate, contact me now. Enjoy life!
July 2, 2016
Naples Park, the location is very nice in respect to the Naples beaches. The Rolls Royce (as opposed to Cadillac) of Naples Park would definitely be the 500 block of 105th Avenue. Why?? Because you are a short walk from sand in your toes and endless sea in your sight. See all Naples property. www.buyfloridare.com
Now about my newest listing located at 527 105th Avenue, 4 houses east of Vanderbilt Drive and as they say, a hop, skip and a jump from the reason many people flock to SW Florida and definitively Naples where everyone admittedly or not would like to reside, the sand and sea.
Let's explore this home together, it sits on one of the larger lots in all of Naples Park. It boasts not only a circle drive and over-sized garage, but also a large yard and screened lanai (build your dream pool) as well as partially fenced yard and storage shed with electricity.
This one owner home built in 1997 is over 1800 sq. ft. making it one of the largest homes on the block and you also need to know that the home features 14 foot cathedral ceilings in the main rooms as well as 9.4 foot ceilings in the rest of the home, no low ceilings here, this open concept home is move in ready.
This home is advertised for sale at 614,900 with a cost of only 333.64 per square foot makes it a remarkable purchase. The over-sized lot alone may sell in the 350,000 -400,000 area if you could find one. Keep in mind no one is manufacturing new land.
I forgot to mention the Barron-Collier School district, the highly coveted Barron-Collier!
So if you wait , you will lose as I fully expect this home to go under contract fast.
Call Bob Forman MVP Realty 239-322-7672 www.buyfloridare.com
June 10, 2016
Our city so aptly named Bonita Springs truly does mean beautiful waters. See all Bonita Springs property www.bonitalistings.com. Having a condo or home on the beach or walking distance to the beach would be most if not every ones dream. Whether it be the Bonita Beach Club on Hickory Blvd. with 508 sq. ft. one bedroom condos starting at 209,900 or Barefoot Beach two bedroom 1604 sq. ft. condos starting at 729,000 you'll be close to if not on the beach with all the enjoyment that comes with that ownership. With this you will have the pleasure of morning beach walks and evening sunsets without worrying about trying to find a parking spot. You also have the privilege of doing these things as often as you desire.
But perhaps you need more space than a 500 sq. ft. condo but you are not in a position to spend 500,000 to the multimillions? You than may consider a two bedroom condo at the Bonita Beach Club a starting at 419,000 for a bit over 1000 sq. ft..
Now maybe your budget is less, but you want or need more space than you could purchase on or near the beach? You will have many options as low as 120,000 for a two bedroom condo in a gated community with nice amenities and you'll be about 10-15 minutes by car from the beach.
To see all property available in Bonita Springs which truly means beautiful waters, try my real property website. www.bonitslistings.com, you'll be glad you did.
June 10, 2016
The best real estate website on the market as many of my clients have stated to find condos for sale in Bonita Springs is www.bonitalistings.com. Check it out, design your own searches and get free updates on matches to your criteria. Contact Realtor Bob Forman MVP Realty 239-322-7672.
June 1, 2016
Like every other area throughout the country, Bonita Springs foreclosures were a regular daily occurrence. Not so much anymore, however if you do want to see available foreclosures in SW Florida, please try www.bobtherealtorforman.com. This is my easy to use real estate property website. I have sold so many foreclosures over the last eight years mainly because that is where the best deals were.
I now believe that those days are behind us, the banks have wised up to the point of over pricing their inventory and even with that, people still buy them, often times for over the asking price.
If your mind is set on a foreclosure and all the possible hidden issues that you could end up with, call me and we can see everything that fits your criteria. By the way, there are not a lot to choose from.
On the other hand, if you are just looking for a good deal, than try my regular property website at www.buyfloridare.com.
Finally, because I am involved in so many transactions annually, if you provide me your criteria I can design a search for you and scope out the new listings that need to be acted on quickly to achieve a "good deal".
Better call Bob. 239-322-7672. Seven days a week!
May 31, 2016
If you have an interest in seeing all Bonita Springs condos for sale, I highly suggest my property website, www.bonitalistings.com. Use the advanced search to put in your specific criteria.
My easy to use website is updated continuously throughout the day.
My free auto search will keep you updated with regular emails on new listings as well as recently closed.
Make you shopping life easy as it pertains to Bonita Springs property.
You will see listings broken down by communities such as The Brooks, Bonita Bay, Vanderbilt Lakes and many more. If you are budget minded like many of us, you can find condos under 200,000 in communities like Pine Haven, Cypress Plantations, Bonita Pines and many others.
I'm Bob Forman MVP Realty and I want to be your Bonita Springs Realtor. Better Call Bob! 239-322-7672 seven days a week.
May 31, 2016
There is one movie theater in the actual city of Bonita Springs, however many, if not most people think of Coconut Point as the location of this theater, but in all geographical reality, Coconut Point is in Estero.
So what is the name of this theater, where in the city of Bonita Springs is it, and how do I get there? It is called the Prado Stadium 12 and it is located 25251 Chamber of Commerce Drive Bonita Springs 34135.
It is just east of 41, Tamiami Tr in the Prado shopping center located between the stoplights of Bernwood and Timberwilde Drive. Timberwilde Drive is where Walgreens is located.
A few of the items that make this theater so inviting are easy access parking, spacious leather seating and if you enjoy a libation before or during the movie, they have a full bar an adequate food menu as well.
So before you head to Coconut Point to battle the traffic, parking and crowds, try the Prado Cinegrill experience, I hop you enjoy it as much as we do.
So, what is playing at the Prado 12? Call to find out 239-992-0128 or go on the web at http://pradostadium12.com/
Thinking of buying or selling a home in SW Florida?
Try my website, www.buyfloridare.com or Contact Bob Forman, me.