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Mike Haley

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Is It A Buyers Market Or A Sellers Market?

If you have been paying attention to the housing market recently you might be a little confused. Is it a buyers market, or is it a sellers market? For sure, the past couple of years have been a sellers market. We have seen houses flying off the books and prices steadily rising. So much so that some people have begun to speculate that we were once again approaching bubble territory. 

The answer is yes. If you are reading this you may have been involved in construction at a specific time—either as a contractor or as a property owner. You may have come across the legal document known as the mechanical lien, but what does it mean? We discuss:

A mechanical lien is generally a legal claim against a property by a subcontractor or a supplier, in case your house has been improved or remodeled and they have not received the necessary compensation from the general contractor. For example, if a part of your house is remodeled and the supplier of the materials is not paid by the general contractor a mechanical lien can be placed on your house to recover the money.

The Condo

Buying a condo is a dream come true for many people. It’s no wonder many potential homeowners are flocking to areas such as Bonita, Sanibel and Marco in Southwest Florida. Remarkable high rise condos on impressive locations, drawn by sugary white beaches, and fabulous sunsets, what’s not to like? It’s therefore pertinent that these buyers understand more about title insurance policies to secure their dreams and protect their investments. Unfortunately, many people don’t think they need insurance until something bad happens but by then it’s often too late to get insurance. It’s therefore best to eliminate these risks and prevent the possibility of losing your investment. A title insurance will cover any buyer in the event of previous legal issues associated with the property that they may not be aware of.

Southwest Florida is a great place to buy a home. But is it worth it to buy a SWFL fixer-upper home instead of a new build or a recently renovated home? There are pros and cons to each type of home you may want to buy and it isn’t always what you might think. Here are a few things to think about when considering what type of home to buy.

Cost

Most people think a SWFL fixer-upper home will save you a lot of money. And it is true that the cost of a fixer-upper is lower then that of a comparable home that is ready to move into, the reason is that you will be putting the difference into your renovations. However, if you have time  to wait for deals, can do some of the work yourself, or are flexible with your wants, then you can save some money by renovating a fixer-upper. However, if you are going to gut the house and start from scratch, you may end up paying far more then you would for an already renovated home… but this one will be exactly what you want.

Move to Southwest Florida

There are many places in the world that people choose to move.  Southwest Florida is one of the best places to choose.  Here are a few reasons why.

My family moved to Southwest Florida when I was very young.  After college, I decided to move away and find my way in Los Angeles.  But after 20 years, I decided that my parents made the right move by coming to Southwest Florida, and I returned.  

The Weather

Sure, June, July and August can get humid enough to make you think the whole state was slid inside a giant sauna. But the rest of the year is pretty pleasant. Most Floridians start complaining the weather is to cold if temperatures drop below 70. When it does get cold in the winter, it is usually a cold front that lasts a few day to a week, then the temperature goes right back up to pleasantly warm again.