Naples, FL Real Estate Video Blog with The Saad Team

What Are Market Conditions in Naples Like?

Naples is a beautiful city with gorgeous homes for sale. If you want to sell, we can provide a Home Price Evaluation, or if you are thinking about buying a home, click here to view all our listings. If you have any questions or are interested in meeting for a home buying or selling consultation, please call us at 239-595-8500.

We're very excited to ring in the New Year and recap what we saw in Naples real estate this last year!

Naples has had an incredible real estate run over the last year and we're looking forward to an even better one in 2015! Year to date there has been 9,884 closed sales.

We're hoping to see an increase in inventory, as there are many buyers in the market looking for the perfect home. Current inventory is sitting at 4,214 active listings (not including vacant land). This number has crept up as the season approaches. Indeed, conditions are ripe for getting top dollar for your home in a short amount of time.

Here is a breakdown of the sales statistics from The NABOR® October 2014 Report:

• Overall median closed price increased 13 percent from $235,000 in the 12-months ending October 2013 to $265,000 in the 12-months ending October 2014.

•Overall pending sales increased 9 percent from 839 in October 2013 compared to 911 in October 2014.

•Pending sales for condominiums in the $1 million-$2 million category increased 211 percent from 9 in October 2013 compared to 28 in October 2014.

•Overall closed sales decreased 2 percent from 9,912 in the 12-months ending 2013 to 9,667 in the 12-months ending 2014.

•Closed sales for single family homes in the $2 million and above category increased 31 percent from 210 in the 12-months ending October 2013 to 275 in the 12-month ending 2014.

•Median closed price increased 13 percent from $235,000 in the 12-months ending October 2013 to $265,000 in the 12-months ending October 2014.

•Overall median closed price for homes in the $1 million-$2 million and $2 million and above categories both decreased 3 percent.

•Overall inventory decreased 10 percent from 4,376 homes in October 2013 compared to 3,939 homes in October 2014.

•Average days on market for October is at 73.

As always, The Saad Team is here to help you with all of your real estate needs. If you're thinking about selling right now, give us a call at (239) 595-8900! We would love to hear from you!

You've Accepted An Offer! Now What?

Congratulations! You’ve accepted an offer on your Naples property. The first question we often get is “Now what?”

The time between accepting an offer and final closing is a critical period for both buyers and sellers. This is the time when financing and paperwork is done to assure that upon closing, everybody is on the same page at the same time.

Here is what is happening in the weeks leading up to closing.

A Good Faith Deposit is Placed in Escrow
Many times a deposit will be made with the offer to demonstrate the buyer is serious. If one was not included at the time of the offer, we will get one from the buyer within three business days or as negotiated.

The Inspection Period
Most of our contracts have a 15 day inspection period. This only gives buyers about two weeks to:

•Hire an inspector
•Have the home inspection done
•Get a comprehensive report created
•Acquire any secondary "expert" inspections
•Decide what and if any issues from the inspection need to be addressed

From the end of the 15 days, the buyer has 5 days to give a response. You then, as the seller, generally have 10 days to decide how to respond. You may decide to fix some items and/or opt to offer some sort of credit as closing. The contract is specific on what items are covered under the inspection parameters and the remedial action.

Title Work and Association Fees
During this period work is being done to insure that there are no problems with the home’s title and that any association fees are current. At this point the buyer is also making application to any association involved.

The Closing
Once all the paperwork and financial issues are sorted, we will be clear to close. You do not need to be present at the closing. Papers can be signed ahead of time and we will represent you.

A typical closing will take about 30-45 days. A cash sale may be done quicker. If there is a financing contingency in the offer, you can expect 45-60 days to close comfortably.

The closing process is more complicated than some imagine. You can count on us to make sure your best interests are being looked after throughout the process. To ensure a smooth process of selling your property call The Saad Team at 239-595-8500.

Use a full service real estate team to sell your Naples home for top dollar

The Saad Team is your full-service, concierge, one-stop real estate resource offering many different services in order to give you the best possible real estate experience. We want to share with you some of the concierge services we offer, whether you are here locally or across the globe.

Part of the customer service we offer our clients is our dedication to ensuring your property is in its best possible condition before we put it on the market. While we work to put it in top-notch condition, we will tell any potential buyers the property will be coming on the market soon to help build anticipation and excitement. This means we can generate buzz about your property while taking the time to get it ready for the photographs and professional marketing we do before putting on it in the MLS and other online home search sites.

We have relationships with reputable home stagers, cleaning services, painters, and any other necessary home service providers in order to ensure your property shows perfectly when it hits the market. Already moved out? No problem, we can prepare your home for sale and/or make any arrangements for the property to come on the market in the best shape. For example, if you need some landscaping and weeding done, we will gather the estimates, give the necessary people access, and get everything taken care of in your absence so we can get you as much money as possible from the sale of your property.

If you are selling your home in the Naples area, hire The Saad Team, a full-service team to relieve you of the stress of home selling and get you top dollar. If you have any questions about any of the services we offer or you know of anyone selling, buying or investing in real estate call us at (239) 595-8500 or email us at sold@thesaadteam.com

One-Stop Real Estate Resource

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What Are Market Conditions in Naples Like?

You've Accepted An Offer! Now What?

Use a full service real estate team to sell your Naples home for top dollar