Naples, FL Real Estate Video Blog with The Saad Team

Season's Greetings from the Saad Team!

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.

From the entire Saad Team we want to send you warm and sunshine filled wishes from Naples Florida! We hope you enjoy spending time with your family and friends as the year comes to an end!

Thank you for choosing us to represent your family and friends in 2014 with all of your real estate needs near and far. It is our pleasure to have the opportunity to serve and help you.

If you or anyone you know is planning to sell, buy or invest in the new year, The Saad Team will be here to help you in Naples, or refer you to a great agent across the globe.

Happy Holidays and Happy New Year!

As always, The Saad Team is here to help you with all of your real estate needs. If you're looking to buy, sell or invest in Naples real estate, give us a call at (239) 595-8900! See you in 2015!

What Are Market Conditions in Naples Like?

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.

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Season's Greetings from the Saad Team!

What Are Market Conditions in Naples Like?

You've Accepted An Offer! Now What?