Naples Real Estate
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Naples world wide reputation is growing and so is the Naples property market. Dubbed the New Manhattan by the US property media. The Greater Naples association of Realtors states that the Naples property boom will add more than 100,000 homes to Naples. Many of these Naples properties are built with foreign buyers in mind. Exchange rates are favorable in Europe and with 28 per cent rises in prices in one year the time to buy Naples property is now...
We have used a Naples condo as an example here but these opportunities are going to exist in many places. As projects begin to close, especially in overbuilt areas having lots of investors that are ill prepared to close, that provides an excellent opportunity to find EXTREMELY motivated sellers. One trick to this, in my opinion, is to find those early projects in an area that are about to close since there is tons of equity that the seller can give up to the new investor if that new investor will just pay them some profit and not make them incur any additional expenses....
Get Ready to Buy Naples Real Estate
First, how much you afford to pay for a Naples home or condo? If you're not sure on the price range, find a reputable lender and get pre-approved for a mortgage. Pre-approval will help you know how much you can afford. Then you can look for Naples homes and condos in the right price range. Getting pre-approved helps you to alleviate some of the anxieties that come with home buying. It's important to know exactly what you qualify for and at what rate, that you know how large your monthly mortgage payments will be, and that you know how much you will have for a down payment. Once you are pre-approved, you can avoid the frustration of finding homes and condos that you think are perfect, but are beyond your price range.....
Naples Preconstruciton Investment Real Estate
If you're the kind of investor that is looking for preconstruction investment real estate that you will be sure to sell at a whim's notice AND bring you high rental income then perhaps you should look in Naples. Naples has long been a upper class vacation hot spot with it's gorgeous Lakes, exciting nightlife, 5 star restaurants and hotels, and interesting mix of cultures. Although out of Las Vegas, Orlando, and Naples - Naples has been growing the longest which means prices have risen greatly over the last few years, but as long as you have preconstruction in mind this is still a great investment. Those of you that know Naples know that it's a seller's market to say the least. Desirable properties usually only stay on the market for a few days and the price just keeps going higher and higher. For many Naples residents, the chances of owning a upscale property in Naples is slim to none simply because of the high price tag. This is the very reason why preconstruction investment properties are doing so well there.
Naples Home Sales Continue to Trend Upwards
In the Naples Metropolitan Statistical Area (MSA), sales of homes -- including existing single-family homes and condominiums --