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Naples Florida Real Estate
Looking to retire to the sunny south? Many Canadians do retire in the southern US and find the experience rewarding and relaxing. If you have the equity in your home to allow you to purchase Florida real estate, Whether it is Florida, Texas, South Carolina, Alabama, Arizona, or California there are some great real estate opportunities. If living in Naples or near the Orlando area is your goal, maybe we can help. You need a reliable and professional Florida Real Estate agent to help you find the best available properties in Naples whether resale or new construction and we can help connect you with a competent Remax agent.
Buying Real Estate in Florida
A record number of Canadians are searching for and buying Florida Real Estate. From Naples homes to Sarasota condos, Miami condos, and Fort Lauderdale, to vacation homes in Orlando and Fort Myers, a impressive array of properties are available. Remax of course, is your best source for Florida Properties. Naples is located in Central Florida east of Bradenton and south of Orlando.
Florida Foreclosures and Bank Repossessions
Realty Trac, an online marketplace for foreclosure properties just released its report on Foreclosures in the US. It reports a total of 1,961,894 foreclosure filings — default notices, auction sale notices and bank repossessions. These foreclosure filings were on 1,654,634 U.S. properties in the first six months of 2010. This is a 5 percent decrease in total properties from the previous six months but an 8 percent increase in total properties from the first six months of 2009. With respect to Florida real estate, 277,073 properties received a foreclosure filing in the first six months of 2010. Florida had the second highest total of any stately. First-half foreclosure activity in Florida decreased nearly 9 percent from the last 6 months of 2009 but increased 3 percent from the first months of 2009.
It would appear that if you're looking for a bargain via Florida Foreclosures and ban repossessions, you might still find the Florida market active. Another avenue to find properties at bargain prices is to use a Florida realtor to find distressed properties. The owner may take a low but timely bid or work with you to take over the property financing.
Google Map: Naples Florida
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Florida Real Estate News
Florida Foreclosures
It may be a record year for Florida Foreclosures in 2010. According to a report in the St Petersburg Times on July 16th, Florida has the third highest foreclosure rate next to other favorite retirement destination - Arizona and Nevada. "More than 3 percent of Florida homeowners, or roughly one out of every 32, has received a foreclosure filing sometime this year. The number of bank repossessions in the Tampa Bay area in June jumped 43 percent compared with a year ago." For the whole of the US, there were more than 1.9 million foreclosure filings — default notices, auction sale notices and bank repossessions during the first half of 2010.
Canadians Buying in Florida
A study by the National Association of Realtors showed Canadians bought 23 per cent of all the homes sold to foreigners from March, 2009 to March, 2010. However, completing purchases due to US mortgage financing hurdles remained a sizable problem. one third of of potential purchasers were unable to complete their purchase due to financing problems. With US banks still facing problems, Canadians would be wise to look for other mortgage financing solutions.
Other Florida communities: Beverly Hills, Boca Grande, Broward County, Cedar Key, Avon Park, Winter Park, Dunedin, Everglades City, Florida Keys, Destin, Daytona Beach, Englewood, Homestead, Delray Beach, Lakeland, Longboat Key, Key Largo, Kissimmee, Key West, Indian Shores, Lakewood Ranch, Land o Lakes, Kendall, Oviedo, Palm Harbor, Panacea, Ocala, North Naples, Neptune Beach, Siesta Key, Seaside, Sanibel Island, St Petes Beach, Sunrise, Tampa Bay, Royal Palm Beach, Winter Park, Valrico, Titusville, and Tarpon Springs.
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