Posted on Wednesday, March 12, 2014
Our co-founder Nan Goebel was quoted in the Naples News today rendering her opinion on the Naples real estate market. Please see the complete article at http://www.naplesnews.com/news/2014/mar/10/study-major-investors-made-big-mark-on-swfla-13/.
Nan’s thoughts and the news article focused on the investor market, those persons building spec homes or redeveloping properties. We think the Naples News has it right observing the big boys – like hedge funds and REITS have moved on from here (at least as a percentage of the total business) and individuals are taking up more of the investor market.
Properties are out there for re-development. It takes some detective work and word of mouth is always best in the rehab business but yes you can still find properties worth renovating. One of our buyers this past weekend put in a bid for a wonderful place. It has now gone competitive and we will see how it works out – all of this three days from its first listing. Bottom line? You need to be ready to pull the trigger on a good deal. Cash is still king. And yes you can still flip them, especially in a rising price market.
Speculative home building is also an option and quite prevalent right now. Four months ago we published a piece on speculative home building – please see http://nangoebel.wordpress.com/2013/12/26/another-look-at-speculative-home-building/ for the complete article. The main take away many spec home builders are building bit. Sure land values are up but the market is buying up larger homes again and prices are increasing quickly in the top of the market. So … build bit to spread the land costs and you might be pleasantly surprised what you can come up with.
If you would you like to know more about Naples, Florida lifestyles, our festivals and some great things to do here just give us a call at 239.595.3921. If you want to rent, sell, buy or invest here one day you might download a copy of our eBook Understanding Naples Real Estate https://www.naplesbestaddresses.com/offer/.
Hope to meet and talk with you soon,
Mark Goebel PA & Nan Goebel PA
Co-Founders Naples Best Addresses Team
Coldwell Banker Mark Goebel, PA and Nan Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 239.595.3920 NaplesBestAddresses.com Facebook: NaplesBestAddresses Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
We are pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier County, The Race For The Cure Citrus Ride, The Seacrest Country Day School and The Naples Winter Wine Festival.
Some of the data relating to Naples homes for sale and Naples real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
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