I can give you access to ALL the dreams homes of Marco Island and Naples. Complete with photos and visual tours, they are just a click away.
Call me today.
Joanne Tailele
ERA Flagship Real Estate
239-784-2637
JoanneSellsMarco@gmail.com
I can give you access to ALL the dreams homes of Marco Island and Naples. Complete with photos and visual tours, they are just a click away.
Call me today.
Joanne Tailele
ERA Flagship Real Estate
239-784-2637
JoanneSellsMarco@gmail.com
On Aug. 6, 2013, President Obama delivered a speech and released a fact sheet on the Administration’s proposal for housing finance reform. This was the Administration’s most significant discussion on housing finance since the release of the Treasury Department’s 2011 white paper, “Reforming America’s Housing Finance Market.”
In the speech, the President outlined key principals of comprehensive housing finance reform, many of which NAR has been advocating since 2009:
NAR will continue to work with Congress and the Administration to develop policies that ensure mortgage credit is always available at reasonable costs so that everyone who is willing and able to afford a home can do so.
When President Obama took office, our housing market was in free-fall, leaving many families feeling trapped and anxious about their mortgages. The President took immediate action to stabilize our housing market and protect the middle class. These steps helped millions of middle class families stay in their homes, save money on their mortgages, and turn their communities around.
Working together we need to build a more durable and fair system that promotes the American Dream of homeownership, while preventing the nightmare of another crisis. Today, our housing market is coming back. Home values are rising, foreclosures are at the lowest levels since 2006, home sales have increased at double digit rates, and American families are on pace to purchase over 5 million homes this year. In part because of President Obama’s tough regulations that cracked down on the most reckless practices from the housing crisis, responsible Americans can feel more confident and secure when they borrow money to purchase their own home. But the job is not done, and restoring security to homeownership is one of the President’s top economic priorities.
In today’s speech, the President laid out his ideas to help more responsible homeowners refinance, to cut red tape, to increase home values by fixing our broken immigration system, to help the hardest hit communities rebuild, and to ensure those who rent have decent and affordable options. The President also made it clear that going back to the same bubble-and-bust housing system that caused the financial crisis is not acceptable. We need a rock-solid foundation for financing homeownership with a bigger role for the private sector, where taxpayers aren’t on the hook for the irresponsible behavior or bad decisions of financial institutions and we finally put an end to an era where Fannie Mae and Freddie Mac could expect a bailout for risky behavior in pursuit of profits. These bipartisan solutions will help build on the progress we’ve made over the last four years, and together we can make owning a home a symbol of responsibility and a source of security for generations to come.
A Better Bargain for the Middle Class: Housing
A Better Bargain for Responsible, Middle Class Homeowners:
Core Principles for Durable, Fair Housing Finance (GSE) Reform:
Making Families’ Most Important Financial Decision Safe and Simple:
Confirming Mel Watt Will Provide Certainty and Leadership During This Key Phase:
A Better Bargain for Responsible, Middle Class Homeowners
There are several additional steps – including legislative proposals – that could immediately work to further strengthen the housing market and ensure that the middle class can secure affordable mortgages, refinance their loans at today’s low rates, and build housing wealth while ensuring that no communities or homeowners are left behind by the housing recovery.
These steps could help a typical family save $3,000 or more per year.
Core Principles for Durable, Fair Housing Finance (GSE) Reform
B. Intermediate Steps to Transition to a New Housing Finance System: While bi-partisan legislation will be critical to creating a new housing finance system, non-legislative steps can be taken now to facilitate a gradual transition to the new system and to facilitate the wind down of Fannie Mae and Freddie Mac, including:
Making Families’ Most Important Financial Decision Safe and Simple
For most middle class families, buying a home is the most important financial decision they will ever make. Unfortunately, in the lead-up to the foreclosure crisis, too many borrowers were steered into predatory or unsafe mortgages that they could not afford or understand – often a result of confusing mortgage forms, conflicts of interest in the lending process, hidden fees, and complex products. This is why President Obama took unprecedented steps to strengthen consumer protection and to ensure that mortgages are safe, sustainable and simple to understand.
The President fought for and signed into law the strongest consumer protections in history with the Dodd-Frank Act. The Dodd-Frank Act created the Consumer Financial Protection Bureau (CFPB) and tasked it with one job: to protect families when making financial decisions. The first-ever independent consumer watchdog, the CFPB protects middle class families by making it safer and simpler to apply for a mortgage and know that it is sustainable. To this end, the CFPB has done the following:
While these unprecedented consumer protections are making a big difference, more can be done to protect middle class families. That is why the President supports the CFPB in finalizing its simplified mortgage disclosure forms, is calling for improved rules that encourage lenders to care more about borrower success, and made clear that any future housing finance system must ensure a level playing field for community-based banks and financial institutions so borrowers can work with the lender that is right for them.
Confirming Mel Watt will Provide Certainty and Leadership during This Key Phase
The President’s Policies Helped Stabilize a Housing Market in Free Fall
When President Obama took office, our housing market was in free-fall. The President immediately took unprecedented steps to stabilize our housing market and protect the middle class, and later, when there was a log jam in Congress, the President took a number of significant administrative and enforcement actions that helped heal the housing market. While more work remains, the important actions by the President helped millions of families stay in their homes, save money on their mortgages, and turn their communities around.
With my twenty four years of experience in real estate, I can safely say that a Home Warranty is one of the best securities both buyers and sellers can have. Who pays for the warranty can be a negotiated item, but I recommend sellers to take one out before listing their home. Like Murphy’s Law, the minute you put your home on the market, unexpected repair issues arise, either while it is on the market or discovered during a Home Inspection.
A home protection plan is a service contract that covers the repair or replacement of many of the most frequently occurring breakdowns of home system components and appliances. It lets homeowners know they’re okay if something goes wrong with a covered item.
Home protection plans can cover a wide variety of properties, including single family homes, new construction homes, condos, vacation homes, townhouses, foreclosure properties and multi-unit properties such as duplex/triplex/fourplex.
Besides helping to take the worry out of purchasing a home with older systems and/or appliances, a home protection plan helps guard against potentially high costs of repairing or replacing items in case of a breakdown. Unexpected repairs can be expensive for most families. A home protection plan can help guard against some of the unexpected costs of home ownership.
HOW DOES A HOME PROTECTION PLAN WORK?
When a covered item breaks down, customers can request service online or by calling to speak with a trained customer service representative. After a service request is received, one of our approved contractors will contact the customer to schedule a time to diagnose the problem. A service call fee, per trade, is due when the service contractor arrives to diagnose the problem.Typically, once repair or replacement is complete, a follow-up survey will be sent out to measure your satisfaction regarding the service performed.
WHO DOES THIS PLAN BENEFIT?
For Sellers
For Buyers
THE ERA SELLERS SECURITY PLAN.
It’s an innovative program that gives qualified home sellers accepted into the program the assurance that your home will sell within a finite sales period. And if it doesn’t, ERA Franchise Systems LLC will buy it from you.* See your ERA agent to find out if you qualify. To learn more visit http://www.era.com.
solely by ERA Franchise Systems LLC, based upon a discount of the home’s appraised value.
Call me for details Joanne Tailele ERA Flagship Real Estate 239-784-2637
Check out my website for the visual tour of this home on Bimini Drive and many others.
http://www.J0anneSellsMarco.com
For all your lending needs, call Peter Prodanav
Conforming 30 Yr Fixed —————- 4.000%
Conforming 15 YR Fixed—————-3.250%
FSBO Methods Used to Market Home:
Most Difficult Tasks for FSBO Sellers:
Source: 2012 National Association of REALTORS® Profile of Home Buyers and Sellers
It’s obvious that if you want your home sold for the most money, and the least amount of inconvenience, you need to have a Realtor. The statistics speak or themselves. Give me a call with all your real estate needs. 239-784-2637 www.JoanneSellsMarco.com Use my website to search ALL listings in the Collier County Florida area. Go to Buyers, then click MLS. And with my 24 years experience, I can help you locate a reputable Realtor anywhere in the world. I LOVE referrals.
Mortgage News from Peter Prodanov, Bank of England, Marco Island, FL June 13, 2013
Euro zone industrial output expansion was slower than expected due to a drop in the production of energy and consumer goods which pushed Euro Zone stocks down ~.62% on Wednesday. U.S. equities suffered their first three-day losing steak of the year as traders balanced predicted economic growth with the possibility of a slowing in the pace of stimulus. On Wednesday the DOW shed 126.79 points to 14,995.23, the S&P lost 13.61 points to 1,612.52, while the Nasdaq also declined 36.52 points to 3,400.43.
On Wednesday, prices on U.S. Treasury securities slipped after the 10yr Note auction drew muted demand. The benchmark 10yr treasury lost 13/32nds to yield 2.23%.
Mortgages had their least volatile day of the week on a light volume day. For the majority of the day, mortgages traded between a “+” wider (underperform) to a “+” tighter (outperform) vs. swaps on moderate two-way activity between money managers and hedge funds. FN 30yr 3.5s & 4s were the worst performers in the stack and FN 30yr 2.5s were the best performers, albeit on low volume. FN 30yr 3s closed at ~99-24 (-17/32nds), while the 3.5s closed at ~102-27 (-17/32nds).
Global equities tumbled overnight with Japan leading the way, closing down ~6.5%. Euro zone stocks are also lower amid continued speculation that central banks will scale back stimulus. U.S. equity futures are also pointing lower this AM on similar news. Today the U.S. Treasury will sell $13bl 30-Year Bonds.
Bank of England Mortgage Lending Division 656 Bald Eagle Dr, Marco Island, FL 34145
Office: 239 970-0090 Fax: 239 970-0159
Rates for 6/13/13
*Fixed Rate Programs
Conforming 30 year fixed 4.000% Conforming Jumbo 30 year fixed 4.500%
Conforming 15 year fixed 3.250% Conforming Jumbo 15 year fixed 3.500% FHA/USDA 30 year fixed 3.625% Non-Conf. Jumbo 30 year fixed 4.125%
FHA 15 year fixed 3.250% Non-Conf. Jumbo 15 year fixed 3.750%
VA 30 year fixed 3.625% VA 15 year fixed 3.250%
____________________________________________________________________
Lending Products
Conventional Loans- Loan amounts up to $448,500
FHA- 96.5% LTV- Loan amounts up to $448,500
VA and USDA to 100%
Jumbo Loans- Loan amounts up to $3,000,000
Commercial loans of any size
REVERSE Mortgage for Purchase (no monthly payment!) Financing options available for:
Primary Residences
2nd Home/Vacation Homes
Condos (Primary, Vacation, and investment)
Investment properties to 4 units
Condotels and Unwarrantable Condos
*Rates as of 6/13/13 at 11 am.
All rates subject to change and based on Primary Residence Purchase
All rates based on a 30 day lock, full Income/asset documentation, escrows, and NO POINTS.
OAC, Not an offer to lend, Equal Housing Lender, Member FDIC.
“Prompt, Courteous, Professional Mortgage Lending”
Offering your clients competitive rates, low closing costs, great service, and quick turn times. To better serve you and your clients, I am available nights and weekends for pre-approvals so you can make that offer right away! Peter Prodanov Cell: 218 849-0760
30 day closings on purchases
JUNE 2013
The Nation. New York – May 28, 2013 – The Consumer Confidence Index is arguably the most important economic statistic released each month that most NEW – YORK May people ignore.
A positive index number means Americans are feeling secure in the economy and their ability to spend – and their spending feeds an increased rebound as they buy homes, furniture, cars and more. Upbeat attitudes are a precursor to other positive indicators, such as a rising home demand and selling prices.
The Conference Board Consumer Confidence Index, which had improved in April, increased again in May. The Index now stands at 76.2 ( 1985=100 ) , up from 69.0 in April. The Present Situation Index increased to 66.7 from 61.0. The Expectations Index, which gauges attitudes about the future six months from now, improved to 82.4 from 74.3.
Consumers were considerably more optimistic about the short-term outlook. Those expecting business conditions to improve over the next six months increased to 19.2 percent from 17.2 percent ( an 11.6 percent increase ).
NAPLES / MARCO ISLAND. Home prices is nationwide close are to on the a front of the pack. When it comes to year-over-year price increases, the Naples-Marco Island metro tear, Marco and Island the metro Naples-area area is outpacing many major cities, whether or not you include distressed sales, defined as bank-owned transactions and short sales. In Naples-Marco Island, home prices, including distressed sales, increased by 10.8 percent compared to a year earlier. On a month-over-month basis, prices grew by 5.1 percent. Excluding distressed sales, they rose 13.2 percent year-over-year and 3 percent the previous month.
Nationally, home prices rose 12.1 percent year-over-year. The national numbers represent the biggest year-over-year increases since February 2006 and the 14th consecutive monthly increase. Do these large leaps mean consumers should worry about a new housing bubble, like the one which popped seven years ago? Sam Khater, deputy chief economist for CoreLogic, says no, because “ prices have fallen so far from their peaks.”
Nationally, prices remain 22.4 percent below their April 2006 peak, including distressed sales. In Florida, which was infested with investors looking to cash in on vacation-home price run-ups during the boom and then hard-hit by foreclosures, prices are still 40.5 percent below the state ’ s peak, which happened in September 2006. Still, CoreLogic expects that overall prices will stay on the upswing, at least for the short term. Tight inventory for both new and existing homes, coupled with pent-up demand from buyers, are driving the price bump-ups, the report stated.
Khater adds that both individual and institutional investors also are pushing up prices in many places as they scoop up properties, particularly bargain-priced foreclosures — though the pool of such properties is rapidly shrinking.
MORTGAGE RATES ( 2.625%; 5/approx. national average ) : 30 yr. – 3.375%; 15 yr. -2.625&%; 5/1 Adjustable – 1.875%
EDITORIAL by Marv Needles, Broker of ERA Flagship Real Estate
This been that the case a few years back, things are booming and they are expected to continue through the summer months. The big problem: may have inventory is down nearly 25% over the same period in 2012. In some cases, depending on what the buyer is seeking, their only option is to build. Enter the home builder. Many have re-entered the market ( from working renovations ) , with models and spec homes, thereby offering the buyer more options.
Sources: Naples Daily News, Florida Realtor, Florida Trend and RIS Media
The Ship’s Journal is a publication of ERA Flagship Rel Estate. Reports are obtained via many media outlets.
When investing in real estate, one should consider consulting with a tax professional.
To answer your real estate needs, call Joanne Tailele at 239-784-2637,
email to JoanneSellsMarco@gmail.com
or consult my website at www.JoanneSellsMarco.com
I am sure you are thinking the world does not need another new blog. But if you are reading this, you must have some interest in real estate or Marco Island.
This blog is to inform you about this beautiful island and to give you solid information about the real estate market and what is new happening in the industry.
The biggest news here is not a big surprise. Inventory is depleting, consumer confidence in the economy is climbing and the new construction is back. What does this mean to the buyers and sellers out there? Mainly it means that prices are on the rise. The few distressed properties that are out there are now receiving multiple offers and bidding wars are common place. Sellers can feel more confident in pricing their homes that they will get a fair market value. Buyers can still take advantage of the market if they act fast. Prices are climbing but it is not at a dramatic pace. Therefore, if they want a good deal on an island home, they will have to act soon before they are priced out of the market.
To learn my audience, please let me a reply and tell me if you are a resident of Marco Island or Collier county, whether you have ever visited here or if you have never heard of our little paradise.