Market trends

Home/Market trends

How to Broaden the Appeal of Your Home Before Putting it on the Market

Trying to sell a house is a stressful and unpredictable affair. You never know who is going to be looking to buy, so it can be hard to know how to cater to your audience. If you still have not been given an offer on your house in a long time, it may be time to reevaluate what to improve. The housing market is changing constantly, but there are some principles any buyer would value.

Follow Local Trends

What are modern trends that are found in the housing market today? If you need ideas, look around your neighborhood. Research what housing features attract buyers in your area. Ask your realtor for comments on what to improve based on their research. You can then adjust your home to meet some of the possible needs.

Every area has its own style and housing market, so local advice and research is necessary. It might be tedious, but it can give great insight.

Avoid Overly Personalized Features

Broad appeal is important when selling a home. There might be features of your home that you adore which ends up turning buyers away. Ask your realtor if you have any personalized home features that are niche. Sadly, this might even include having evidence of pets in the home.

Other peculiar features (such as a vibrant paint job) are too specific to your tastes, which can also drive away buyers. Using neutral tones in a home broadens the appeal of the home for different markets. Keeping your home as accessible as possible is a great way to help buyers feel at home when they step through the door.

Clean and Declutter

Keeping the house clean and presentable for buyers has a major impact on whether a house is sold or not. While you may not think a small amount of clutter would detract from your house’s sell-ability, it makes a huge difference in the mind of the buyer. Take this time to organize your things in preparation to move out. Organizing your home can be done with a variety of methods. These can be a lot of fun and contribute to selling your home.

Every seller and buyer is in a different situation. However, a clean house that has broad appeal can ensure your home gets sold as fast as possible. These are general tips, but remember that your realtor can help you figure out immediate ways to improve your home for buyers. Your needs may be different than these.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education, and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers, and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

 

How to Preserve Your Property Values Over Time

The volatility of the real estate market is concerning for many homeowners. Smart investors position themselves to preserve their property values over time. When everything in the world seems uncertain, homeowners want the security of knowing that their home and property value is safe and secure. While it’s impossible to predict the future, there are a few concrete ways that you can preserve and increase your home’s property values over time.

Make Strategic Upgrades

One of the best ways you can preserve your home’s property value is by making upgrades from time to time; seek to modernize your home or bring it in line with what buyers expect. Today’s buyers are looking for updated kitchens, open floor plans with flexible living space, and energy efficiency. Consider investing in new kitchen appliances, finishing your basement, and lowering your home’s energy costs. These upgrades will increase your quality of living, as well as preserving your property values.

Preserve Your Property Values: Watch for Signs of Damage

As Benjamin Franklin once wrote, “An ounce of prevention is worth a pound of cure.” While this quote is often used in the healthcare community, it’s just as applicable in real estate. It’s important to learn how to spot signs of damage to your home. Watch out for mold, structural damage, and leaks. Even minor leaks can present major issues for your home. Catching (and fixing!) these minor issues early will preserve your property values over time by ensuring that small issues don’t become bigger ones.

Talk to a Professional

If you aren’t sure what you can do to boost your home’s property value, you should look into getting some advice from a professional. Call a sales agent for a consultation; you don’t need to list your property on the market in order to talk to one, and they may notice small problems that can have a big impact on your home. A sales agent can offer a valuable new perspective on your home.

You should also call a home inspector. These inspectors are trained to notice structural or mechanical problems that have the potential to cause damage in the future. They can give you a list of repairs you can make and help you prioritize them in order of importance.

You can preserve the property values of your home by making strategic upgrades and carefully watching for any signs of damage. If you aren’t sure where to start, consider talking to a professional. These three strategies can provide you with the security of a plan for your home’s protection.

For more great real estate investing tips, attend one of our monthly meetings!

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education, and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers, and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


How to Make Smart Renovation Choices That Will Pay off Later

One of the most important responsibilities you have as a homeowner is to not only maintain your home in proper working order but also to improve on it. Improving your home cannot only provide you with a more comfortable lifestyle, but it can also greatly affect the value when and if you decide to move. Therefore, the following list includes a few smart renovation choices that will pay off later.

Smart Renovation Choices: Focus on Green Renovating

As baby boomers begin to settle into their golden year homes, millennials will take the reigns as the number one home-buying demographic. Millennials are a unique group as they don’t just care about the aesthetics of a home but more so how it protects the environment. Therefore, to have a leg up on the competition, it is highly recommended to conduct a green renovation of your home. One way you can make your renovation project green is to use green materials. You can achieve this by looking for post-industrial recycled content. This means it can be easily recycled once it is up for replacement.

Stick to a Budget

It can be easy to go overboard with home renovations. Some of the places where budgets go array include the bathroom, kitchen, and bedroom. You should plan out exactly what you want and only leave a small window for changes. Therefore, it is highly recommended to create and stick to a budget throughout the entire process. This will ensure that your ROI remains large and you’re not losing money in the process.

Smart Renovation Choices: Don’t Price Yourself Out

One of the most common mistakes made by homeowners is pricing themselves out of their neighborhood. This is why you should always research the prices of other homes within your area to ensure that you aren’t putting too much money into your renovation. The reason behind this is because the people looking at homes around you might not have the resources to purchase your home. You might have the best home on the block but nobody to sell it to.

Improving your home is one of the best things to do for your way of living and the future. Thus, it is paramount that you adhere to the information listed above to make sure that your next home improvement project goes off without a hitch and provides you with a great ROI.

If you want to learn more about investing in properties, come to one of our monthly luncheons!

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education, and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers, and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


Why You Should Invest in Energy-Efficient Homes

Energy-efficient homes are all the rage these days, and with good reason. Indeed, people are becoming increasingly aware of their carbon footprint and the rising costs of energy. As a result these types of homes are becoming more and more popular, dramatically increasing the odds that an investment in an energy-efficient home will be well worth it for you and your family. There are many reasons why you should look into investing in an energy-efficient home. Here are three specific examples.

Invest in Energy-Efficient Homes: Lower Costs Over the Long Term

Energy-efficient homes do have some higher up-front costs associated with them. However, there is no question that they will also lead to lower costs in the long run, as you will be able to save a significant amount on a variety of energy-related items. Getting a home energy audit has many benefits in addition to assessing the efficiency of your home. It helps you identify specific home improvement projects that not only increase the value of your home but help make it more energy-efficient, allowing you to save money on future utility bills.

Resale Value

Energy-efficient homes are still relatively new to the market, so there’s a variety of information out there that still needs to be gathered. However, preliminary information seems clear: energy-efficient homes come with a variety of benefits, including a higher resale value. One study compared similarly situated homes and found that energy-efficient homes actually sold for 9.5% higher than non-efficient homes. This significant finding underscores a fundamental truth about energy-efficient homes: they are not only good for the environment but also good for your wallet.

Invest in Energy-Efficient Homes: An Expression of Your Values

A house can be seen as an extension of you and an expression of your values. An energy-efficient house can show that you value both being thrifty and saving money, as well as protecting our planet. Energy-efficient houses allow you to reduce your carbon footprint and use less energy. Purchasing an energy-efficient home or making our homes more energy-efficient allows us to actually make a tangible and positive impact on the planet today.

Energy-efficient homes are clearly a fantastic way of saving money and protecting the environment. Remember, you don’t need to look at an energy-efficient home as a black or white prospect. There are likely a variety of projects you can undertake in your home in order to make it more energy-efficient. Keep in mind that these smaller projects can make a big impact.

Figuring out which home improvements are worth investing in can be tricky. Check out this article to see which ones might not add as much value to a home as you might think.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


January 2020 Foreclosure Report for Lee County Florida

Where does the January 2020 Lee County Foreclosure Trends Report come from?

We download from public records and trend the data with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to the market.

January 2020 Foreclosure Report: Trends at a glance

Lis Pendens:

  • January 2020: 73 Mortgage related Lis Pendens
  • December 2019: 74 Mortgage related Lis Pendens
  • January 2019: 88 Mortgage related Lis Pendens

Certificates of Title:

    • January 2020: 67 Mortgage related Lis Pendens
    • December 2019: 53 Certificates of Title were conveyed
    • January 2019: 77 Certificates of Title were conveyed

January 2020 foreclosure report: Last payment date by year of mortgage

 Year Mortgage Originated Average Last Payment Date
2002 8/1/2019
2003 N/A
2004 6/1/2015
2005 6/23/2014
2006 7/28/2010
2007 8/20/2013
2008 9/25/2017
2009 4/1/2013
2010 5/31/2019
2011 8/1/2016
2012 N/A
2013 7/1/2019
2014 6/16/2018
2015 5/3/2019
2016 6/9/2019
2017 3/7/2019
2018 6/23/2019
2019 6/1/2019

 

January 2020 foreclosure report: Average complaint amount

 Year Mortgage Originated Average Complaint Amount
2002 $63,045
2003 $0
2004 $208,113
2005 $193,360
2006 $235,521
2007 $589,649
2008 $105,363
2009 $89,011
2010 $68,491
2011 $80,054
2012 $0
2013 $129,982
2014 $827,480 (big commercial present)
2015 $117,019
2016 $157,614
2017 $235,778
2018 $194,038
2019 $267,717
  • January 2020 is more of the same in relation to the foreclosure trend.
  • 12 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment. That explains the increase from last month.
  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • The institutional distressed market will continue to not be a primary driver.
  • Most of the foreclosures appear to be smaller loan amounts. There is significant demand within those price points.
  • Appreciation has slowed down since 2016. This is why the vintage of 2016 through 2018 has as many foreclosures. They can not trade out unless they had a larger down payment.
  • The high average complaint amount for 2014 is because of a large commercial loan.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


Breaking: 2020 SWFL market update

This 2020 SWFL market update was Complied and analyzed by:

Jeff Tumbarello, Broker Owner: Steelbridge Realty/Director: SWFL REIA

Disclosure for the 2020 SWFL market update.

  • This is my work is done for me and shared with you.
  • Data exported from the MLS and trended in Microsoft Excel.
  • All data is Lee County Residential.
  • The dates trended are Dec 2018-Jan 2019 and Dec 2019-Jan 2020.
  • Data was exported 2/4/2020 at 11:15 AM. This is very early for January 2020. The sales counts will just go up. It is best to get accurate numbers to wait till at least the 15th of each month for looking at the last month.

The 6 main traits to watch in a market.

  • Volume (the king).
  • Sales Counts.
  • Average Price (shows what the top of the market is doing).
  • Median Price (Shows the bottom of the market is doing).
  • Cash sales percentage
  • Months Inventory.

2020 SWFL market update: Metrics

Dec 2018 Jan 2019  Dec 2019 – Jan 2020   Difference
Volume $767,716,277 $1,038,186,851 35.23%
Counts 2,544 3,273 28.66%
Average $301,775 $317,197 5.11%
Median $229,950 $239,000 3.94%
Cash Sales Percentage 41.51% 40.09% -3.43%

2020 SWFL Market Update: Residential Sales by Year built

2020 swfl market update

2020 SWFL Market Update: Notes

  • The year over year Volume and Sales counts growth is amazing.
  • The homes sold by Year built metrics show the new construction market is driving growth.
  • The price growth is very measured growth in relation to sales and volume growth.
  • The cash percentage holding steady is a good sign for the health of the market.
  • Inventory is very low for this time of year.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


December 2019 Foreclosure Report for Lee County Florida

Where does the December 2019 Lee County Foreclosure Trends Report come from?

We download from public records and trend the data with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to the market.

December 2019 Foreclosure Report: Trends at a glance

Lis Pendens:

  • December 2019: 74 Mortgage related Lis Pendens

  • November 2019: 66 Mortgage related Lis Pendens

  • December 2018: 98 Mortgage related Lis Pendens

Certificates of Title:

  • December 2019: 53 Certificates of Title were conveyed

  • November 2019: 58 Certificates of Title were conveyed

  • December 2018: 32 Certificates of Title were conveyed

 

December 2019 Foreclosure Report for Lee County Florida

December 2019 Foreclosure Report: Last Payment Metrics

 Year Mortgage Originated Average Last Payment Date
2003 7/11/2019
2004 11/21/2010
2005 9/27/2014
2006 7/9/2011
2007 N/A
2008 8/2/2012
2009 N/A
2010 7/1/2019
2011 N/A
2012 N/A
2013 9/1/2015
2014 7/1/2019
2015 5/20/2019
2016 4/3/2019
2017 5/3/2019
2018 4/10/2019

December 2019 Foreclosure Report: Notes

  • December 2019 is more of the same in relation to the foreclosure trend.
  • 9 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment. That explains the increase from last month.
  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • The institutional distressed market will continue to not be a primary driver.
  • Most of the foreclosures appear to be smaller loan amounts. There is significant demand within those price points.
  • Appreciation has slowed down since 2016. This is why the vintage of 2016 through 2018 has as many foreclosures. They can not trade out unless they had a larger down payment.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


How to Select a Good Real Estate Location

A good real estate location will make or break an investment. “Location, location, location” is one of the most common things said within the real estate industry. However, many people don’t seem to understand what a good location really is. Although the meaning of a good location is subjective to each homeowner, you must always keep in mind the needs of future potential buyers. The following list entails some of the most important things to keep in mind when choosing your real estate location.

Select a Good Real Estate Location: Community Growth

Ever run into an unstable neighborhood with a nicer house randomly planted right smack in the middle? You might think to yourself why someone decided to build that here. What you might not know is that the neighborhood might be quickly becoming a hub for small businesses. That nice home will soon be worth much more once the community begins to grow over time. Therefore, when choosing your location, it is always best to understand the potential of an area as your investment can lead to big profits in the future when you finally decide to move out.

Your Kids

One of the most common reasons for people deciding to move out of their homes is because of their growing family. If you have kids, you may want to consider a number of factors before deciding on a new location to buy or build your home. This means understanding how close the nearest schools are, how safe the neighborhood is, and if there are any potential safety hazards within the area, such as large lakes. Looking into these things will make both you and your children’s lives easier.

Select a Good Real Estate Location: Lot Location

A very important thing to consider when deciding to build or buy your home is the location of your lot. Hasty placement can ruin even the most beautiful home. Not many people would want to spend millions on a home right next to a busy street. Other factors to consider are the surrounding areas. These can include being right next to gas stations, retail stores, or other places of constant activity. This is actually why many homes become rentals rather than sold entirely. Be sure you end up moving to a home with a lot in a convenient location for you and your family.

Location is everything when it comes to real estate. Sure, people want the perfect home, but they also want to make sure that their property doesn’t lose value or that living doesn’t become a frustration due to location. Simply adhere to the list above to ensure that you don’t make these simple mistakes.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


November 2019 Lee County Foreclosure Trends Report

November 2019 Lee County Foreclosure Trends Report

Where does the November 2019 Lee County Foreclosure Trends Report come from?

We download from public records and trend the data with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to the market.

Compiled and analyzed by Jeff Tumbarello.

November 2019 Lee County Foreclosure Trends: Lis Pendens

  • November 2019: 66 Mortgage related Lis Pendens
  • October 2019: 86 Mortgage related Lis Pendens
  • November 2018: 102 Mortgage related Lis Pendens.

November 2019 Lee County Foreclosure Trends: Certificates of Title

  • November 2019: 58 Certificates of Title were conveyed.
  • October 2019: 66 Certificates of Title were conveyed.
  • November 2018: 41 Certificates of Title were conveyed.
 Year Mortgage Originated Average Complaint Amount
2004 $255,626
2005 $313,830
2006 $108,070
2007 $79,266
2008 N/A
2009 $47,444
2010 $200,279
2011 N/A
2012 $89,862
2013 $202,494
2014 $347,638
2015 $172,739
2016 $225,493
2017 $155,422
2018 $127,910
2019 $155,422

 

Notes:

  • November 2019 is more of the same in relation to the foreclosure trend.
  • 6 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment. That explains the increase from last month.
  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • The institutional distressed market will continue to not be a primary driver.
  • Most of the foreclosures appear to be smaller loan amounts. There is significant demand within those price points.
  • Appreciation has slowed down since 2016. This is why the vintage of 2016 through 2018 has as many foreclosures. They can not trade out unless they had a larger down payment.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


October 2019 Lee County Foreclosure Trends Report

October 2019 Lee County Foreclosure Trends Report

Where does the October 2019 Lee County Foreclosure Trends Report come from?

We download from public records and trend the data with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to the market.

Compiled and analyzed by Jeff Tumbarello.

October 2019 Lee County Foreclosure: Trends At A Glance

Lis Pendens:

  • October 2019: 86 Mortgage related Lis Pendens
  • September 2019: 68 Mortgage related Lis Pendens.
  • October 2018: 91 Mortgage related Lis Pendens.

Certificates of Title:

  • October 2019: 66 Mortgage related Lis Pendens
  • September 2019: 33 Certificates of Title were conveyed.
  • October 2018: 68 Certificates of Title were conveyed.

October 2019 Lee County Foreclosure: Foreclosures by the Year Originated

October 2019 Lee County Foreclosure: Foreclosures by the Year Originated

Average Last Payment Date

 Year Mortgage Originated Average Last payment date
2002 4/14/2017
2003 5/15/2003
2004 1/5/2013
2005 10/25/2011
2006 10/29/2010
2007 2/15/2011
2008 2/26/2017
2009 N/A
2010 9/1/2017
2011 9/1/2017
2012 12/31/2017
2013 2/1/2015
2014 2/1/2019
2015 3/31/2019
2016 11/15/2018
2017 12/22/2018
2018 2/9/2019

 Average Complaint Amount By Year Originated

 Year Mortgage Originated Average Complaint Amount
2002 $304,466
2003 $86,106
2004 $114,628
2005 $151,345
2006 $189,385
2007 $247,388
2008 $329,272
2009 $0
2010 $83,947
2011 $49,978
2012 $120,080
2013 $31,786
2014 $159,901
2015 $108,070
2016 $128,271
2017 $172,384
2018 $163,150

Stop making excuses — just get out and do it!

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


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