Tony Perez's (housevaluesmls) Blog

CONDO MARKETTrying to time the real estate market and planning to buy once it hits bottom? Get your checkbook. Condo Vultures LLC's owner believes the recent purchase of 120 condominiums in Miami will usher in a wave of investors looking to snatch up distressed properties.Read the full story:http...

BUYER SERVICESRent-to-own options are becoming popular again after falling out of favor during the last couple of decades. A rent-to-own arrangement can help buyers with poor credit or renters who want to try out homeownership without making a costly commitment.Read the full story:http://www.flor...

First time homebuyers now's the time to buy and stake your claim at home ownership, with the passing of the new Housing and Economic Recovery Act of 2008. Home prices are lower and interest rates have dropped, this is the time to get off the fence before you lose one of the best oppurtunities to ...

Market Report for Golden Gate Estates ending August 2008 shows that new listings are down 26% from July while pending sales are up 18% from July. Closed sales were down slightly from July and most loan financing has been convetional loans over cash deals.  In closing based on these Sunshine MLS c...

Buyer's beware of some of those so-called bargain Short Sales, currently if you buy a Short Sale you will pay higher doc stamps than you would if you would buy a regular deal or bank owned home. Though doc stamps are to be paid by the sellers they are starting to pass on some of this new cost ove...

HURRICANESWith most closings shut down by property insurers when a storm is "in the box," some sales may have to be scheduled between bouts of bad weather. Hurricane Gustav is departing only to see new threats from Hanna, a strengthening Ike and newcomer Josephine.Read the full story:http://www.f...

Market report for Naples ending August 31st 2008 shows that new listings ard down 17% from July 2008 while Pending Sales are up 13% and cash transactions are slightly above financed transactions on Closed Sales. So based on these MLS charts as New Listings go down and Pending Sales continue to ri...

REAL ESTATE ECONOMYIs this the real estate turnaround? On the heels of an increase in Florida home sales, a spike in new home sales and an upswing in consumer confidence, traffic to Realtor.com went up significantly in July, with traffic 29 percent higher and time spent on the Web site up 26 perc...

Thru July of this year, there have been 3,754 closings in Sunshine MLS, in the specified areas. So as you can see by the numbers below foreclosure are not the majority of sales taking place in Naples. Only 163 of these were foreclosures, which is a very small number as compared to what media repo...

The official track takes a would-be Category 3 hurricane through the Yucatan Channel and into the central and northern Gulf through the holiday weekend. Looks like Florida we not be in the path of this storm but it does look to be heading straight for New Orleans and I hope that's not the case. A...