Pine Island Florida is across the San Carlos Bay from Sanibel Island. It is a laid back community of fishing enthusiasts, beach and shelling lovers, artists, musicians and writers. I live and work here and everyone I know that lives on Pine Island is loving life. The sunshine ard warm temperatures are important ingredients, but what makes this little piece of heaven even more special is how easy it is to acquire friendships with like minded people.
Overall, we're having a recovery in Lee County, Florida, in the lower price ranges. Sales up 25% in 2012 in Lee County due to high number of foreclosures and short sales being sold. Median sales price a low of $128K. There is now a seller's market in the under $250K price range because there is less than 7 months of inventory. This will push prices upward. In the under $100K price range there is less than 4 months inventory. High end sales figures not as high. There is 30 months of inventory which will push prices downward.
We're having a recovery in the lower price ranges. Sales up 25% in 2012 in Lee County due to high number of foreclosures and short sales being sold. Median sales price a low of $128K. There is now a seller's market in the under $250K price range because there is less than 7 months of inventory. This will push prices upward. In the under $100K price range there is less than 4 months inventory. High end sales figures not as high. There is 30 months of inventory which will push prices downward.
I agree with Deb Cullen, if you want a waterfront, gulf-access home and get the most value for your money, the Cape Coral area is the place for you. With over 400 miles of canals winding throughout the area it offers newer homes and some wide open spaces. A few of the water activities we have going on here are fishing, shelling, boating, beach combing, and swimming, Like to golf? Fairways are plentiful and many are pay to play. There is surely something for everybody. Be sure to visit Matlacha and Pine Island while you are here for some Island Time with old Florida appeal. Call me if you have any questions, I'll be glad to help you find your place under incredible blue skies and sunshine.
When buying property some people look at the county tax assessment of a home as part of the equation to determine a home's value. Tax assessments are notoriously wrong. I have first hand experience that Zillow can be more accurate because it looks at other internet statistical data. It's at least another valuation that should be considered. Ultimately if at all possible the value of a home should always be determined by the market and of other recent comparable homes sold. Determining the value of a home is an "art" not a science.
I am not sure what you are referring to here, because I am not aware the multiple offers of other investors are ever revealed no matter what kind of sale it is. A Comparative Market Analysis of other homes sold should show the percent of listed price vs.sold price. This percent would be another gauge to use in determining your offer,
Regarding Canadians and all foreign investors buying property here in the United States, you should also be aware of the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. For more information go to the Internal Revenue Service FIRPTA site at http://www.irs.gov/businesses/small/international/article/0,,id=105000,00.html This really isn't as complicated as it sounds, but for the best advice see an attorney for an explanation.
Speak to an attorney. Sounds like a short sale is in your future. You may want to try this first, before going the foreclosure route. Lives change and homeowners have a million different reasons why they need to sell their home. Talk to your lender, they may be willing to work with you so you don't get a deficiency judgement. If it doesn't sell you may be able to turn the property over to the bank with a deed in lieu.
In answer to how do I contact Zillow agent to see houses? Find the location first, then look over to the right side of the page. There should be an agent there who is ready to help!
The amount of commission paid is negotiable. It is customary sellers pay the commission from the proceeds of the sale. This, too, is not always the case depending on the agreement between agent and clients. For example In selling extremely low-priced foreclosures and short sales the commission is usually so low, a buyer can contribute to the commission in order to compensate the agent for his time and effort.