Florida REALTORS & Sanibel/Captiva Scoop


Today, SanibelSusan is in Orlando finishing up at the Florida Realtors® Mid-Winter Business Meetings. Here’s hoping this week’s blog doesn’t look too different – I am producing it using my iPhone and iPad. Gotta love this on-the-road technology!

The Sanibel & Captiva Islands Association’s leadership team was excited Wednesday night to make a clean sweep of the Florida PAC awards for a small board. Below is our 2018 President Dustyn Corace with the first of the trophies. Congratulation to our 2017 RPAC Committee co-chairs Realtor Tina DiCharia and Dave Arter (at left of Dustyn in photo) for leading the charge, and to our entire island membership for their participation and support! Also shown, in addition to the old gray-haired gal next to Dustyn, are our President-Elect soon-to-be-Mom Kasey Albright and her tall husband Realtor Brendan Albright, plus our Association Executive and CEO Bill Robinson.

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My teammates have kept the office running smoothly the couple of days I have been here. Tuesday morning, I attended a preliminary closing just before heading out of town, while teammate Dave handled two others later in the week. The details on those, plus teammate Elise’s report of the week’s action in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.

East Rocks Main Replacement

Island Water logoHere’s some scoop about The Rocks from the Winter “IWA Pipeline”.

“The East Rocks water main replacement, a portion of which was planned for completion in 2017, will now be started and completed beginning in the Spring of 2018. Since a majority of the country’s raw material for manufacturing PVC and HDPE pipe originates in the Texas area, Hurricane Harvey put a serious dent in the supply and price of this commodity. The portion of East Rocks Drive that was planned for 2017 was put off until 2018 when it will be completed along with the rest of the project.

“East Rocks had some streets partially upgraded years ago when fire hydrants were installed. This current project will remove all of the remaining thin-walled pipe and add a fire hydrant on Durion Court. As with the Brine Sump Replacement Project, this project will be paid for out of our reserves, with no assessments to members. This project has a budget of $280K.”

Home Water Treatment Systems

island waterMore about Sanibel’s water from the same “IWA Pipeline”.

“It has recently come to our attention that plumbing companies are attempting to sell our members expensive whole-home water treatment/softener systems. There is simply no need to install such a system to treat our water. The mineral content of our water is very low. In fact, after running through the Reverse Osmosis membranes, there are no minerals in the water. We have to add minerals in the form of a small amount of raw water back into our water to bring the total hardness up to between 30 to 60, depending on which wells we use. The state considers a total hardness of between 80-120 to be optimal. Anything below 100 is considered soft. Do not let a water treatment sales person try to tell you our water is hard.

“If the issue is chlorine residual, which is required by law, buy yourself a charcoal filter for the kitchen faucet or refrigerator water line for drinking water and ice. If you buy a whole-house charcoal filter, you will be removing the disinfectant from your house plumbing, which could lead to bacterial growth in your piping.

“If you would like your water tested, bring in a sample in a clean plastic or glass bottle, and we can test for chlorine residual and hardness. It should be at least a pint, at room temperature, and brought here as soon as possible. Chlorine degrades over time.”

Sanibel Library Update

sanibel-library-logoThe latest issue of the Sanibel Library newsletter had some interesting info too:

“Sanibel Public Library was recognized with a 2017 “Four Star” rating by “Library Journal”, the fourth time Sanibel has earned this national award. In statewide rankings of Florida public libraries, Sanibel Public Library ranked:

#1 for Material Available Per Capita: 13.11 (statewide average 1.86) Books, Movies, Music, Magazines
#1 for Public Computers Available Per 1,000: 4.6 (statewide average 0.82)
#1 for public space (square feet)
#2 for Circulation Per Borrower: 21.65 (statewide average 11.04)
#2 for Program Attendance Per Capita: 7 (statewide average 0.23)
#3 for Library Visits Per Capita: 18.51 (statewide average 3.79).”

Wondering what’s happening at the Library now?

“The award-winning Sanibel Public Library is a community anchor that encourages discovery, enrichment, and lifelong learning. The Library began with volunteers in the 1960s and is currently in its fifth home, which opened in 1994. In 2004 the building was expanded to its current size. Both the appearance and the quality of the structure are outstanding, but the infrastructure – HVAC, fire suppression, plumbing, lighting, technology, and flooring – are being upgraded for greater efficiency and sustainable design.

“As we take care of the infrastructure, we looked at the current use of the building, and how that use has changed over the past several years and how it will change in the future. Your Library Board of Commissioners is responding to these ever-changing needs while maintaining what is good about the last 50 years of library service on Sanibel, with a focus on fresh, new, dynamic services and programs.

“Reconfiguring the interior includes a user-centered service design with flexible, multi-purpose spaces for reading and research, collaboration, multiple technology access points, children’s story-time space, and more. The Sanibel Public Library will be positioned for the next decade of exemplary, innovative, and responsive library service.

“Your Library Reimagined has been in the planning since early 2015. The Library Board set a budget of $5.9 million, which is being covered by Library reserves, grants, and gifts. The project is currently in Phase I, half the Library is open to the public during the remodel. Phase I is nearing completion, and Phase II is expected to begin in February, with full completion expected by September 2018.”

2018 Florida Real Estate Trends

97C7F585-3EEB-4DE8-9BFE-5F821247F52BHere are a few notes from the session I attended yesterday at the Florida Realtors Governance Meetings. This one included presentations by:

● Dr. Tony Villamil, who was Governor Bush’s first Director for Tourism, Trade, and Economic Development. Previously, he was President George Bush’s U.S. Undersecretary of Commerce for Economic Affairs. Today, he is the founder and principal advisor at The Washington Economics Group, Inc.

● Kevin Foreman who leads INDRIX Big Data and GeoAnalytics. He is the General Manager of GeoAnalytics.

● Dr. Brad O’Connor, Florida REALTORS Chief Economist.

The following snippets are from Dr. Villamil’s presentation: “National & Florida Economic Outlook”. Next week’s update will include info from the other speakers’ presentations: “How Self-Driving Cars Will Impact Real Estate” and “Florida Residential Resale Market Update”. All were interesting, and confirm the real estate business continues to evolve – in a good way!

According to Dr. Villamil, the overall international business climate will not change significantly in 2018.

Positive factors in Florida’s economy include the state being pro-growth with increasing population and growing employment. Global economy is expanding at a moderate pace and the U.S. economy also will grow this year at a good clip.

His 2018 economic outlook has U.S. gross domestic product (GDP) up 3% and world output globally up 3.5%. Canada is doing well. The economy is expected to be up India (under new prime minister (democracy)) and China. Brazil is expected to be back in action too, but there is mixed outlook for Latin America.

In financial markets, inflation may be up 2%, but household net worths are doing very well, consumers will continue to buy, and real estate will remain in demand.

Much of Florida’s economy depends on open global markets. Watch for the modernization of NAFTA (North America Free Trade Agreement), and U.S./global markets going to “sunshine”.

Florida’s employment is growing faster than the rest of the nation. That should continue in 2018. Florida’s real GDP which is top among states also should continue to increase too and pass $1 trillion in 2018!

Dr. Villamil expects a positive environment for Florida’s 2018 real estate markets with the strong economic expansion to continue; population, employment, and visitor growth to be more than 2017; positive tax changes for Florida residents; and international visitors and foreign investment to increase.

Economic factors that need to be monitored include the Fed being less accommodating, inflation expectations, “hard” Brexit, the U.S. dollar exchange rate, trade/immigration policy, and 2018 national and state elections.

So overall, it should be another outstanding year for Florida business. Exciting changes are coming though. More info on that next week.

Sanibel & Captiva Multiple Listing Service Activity January 19-26, 2018

Sanibel
CONDOS
3 new listings: Donax Village #9 2/2 $499K, Pointe Santo #E35 2/2 $1.295M, Island Beach Club #340D 2/2 $1.379M.
8 price changes: Spanish Cay #A7 1/1 now $274K (our listing), Sand Pointe #122 2/2 now $649K (our listing), Nutmeg Village #201 2/2 now $999K, Gulfside Place #222 2/2 now $1.175M, Gulfside Place #123 2/2 now $1.198M, Gulfside Place #323 2/2 now $1.398M, Gulfside Place #124 2/2 now $1.225M, Poinciana #3C 3/2 now $1.725M.
5 new sales: Mariner Pointe #1073 2/2 listed at $499K, Sanibel Inn #3535 2/2 listed at $765K, Surfside 12 #A1 3/2 listed at $799K, Sundial West #E208 2/2 listed at $1.15M, By-The-Sea #C302 3/2 listed at $1.745M.
2 closed sales: Nutmeg Village #109 2/2 $665K, Bandy Beach #A101 3/2 $1M (our buyer).

HOMES
12 new listings: 1410 Sand Castle Rd 2/2 $639K, 5307 Ladyfinger Lake Rd 3/2.5 $645K, 1020 White Ibis Dr 3/2 $689K, 3837 Coquina Dr 2/2 $725K, 3825 Coquina Dr 3/3 $849K, 5410 Osprey Ct 3/2.5 $849K, 5739 Pine Tree Dr 3/3 $849K, 3050 West Gulf Dr 3/2.5 $979K, 542 N Yachtsman Dr 2/2 $989K, 824 Birdie View Pt 3/3 $1.198M, 3822 West Gulf Dr 3/2 $1.199M, 1316 Eagle Run Dr 4/3 $1.299M.
13 price changes: 1027 Sand Castle Rd 2/2 now $549K; 3784 Coquina Dr 3/3 now $599,995; 1478 Albatross Rd 3/2 now $639K; 998 Fish Crow Rd 3/2 now $644K; 1342 Junonia St 3/3 now $689K; 3323 Twin Lakes Ln 3/3 now $787K; 5280 Ladyfinger Lake Rd 3/2 now $849K; 4791 Rue Helene 3/2 now $849K; 707 Cardium St 3/2 now $879K; 478 Sea Oats Dr 3/3 now $1.195M; 805 Sand Dollar Dr 4/3 now $1.395M; 536 Lighthouse Way 4/4.5 now $3.195M; 3009 Turtle Gait Ln 4/4.5 now $3.299M.
5 new sales: 3021 Singing Wind Dr 3/2 listed at $499K, 1470 Angel Dr 3/2 listed at $920K, 789 Pyrula Ave 4/2.5 listed at $1.095M, 900 Almas Ct 3/3.5 listed at $1.199M, 4641 Rue Belle Mer 3/2.5 listed at $3.295M.
5 closed sales: 1817 Atlanta Plaza Dr 3/2 $385K, 545 Piedmont Rd 3/2 $585K, 241 Violet Dr 3/2.5 $685K, 1035 Kings Crown Dr 4/3 $1.71M, 1149 Paper Fig Ct 4/3 $2.179M.

LOTS
1 new listing: 1550 Centre St $225K.
No price changes.
1 new sale: Lot 27, Leisure Acres listed at $59K.
No closed sales.

Captiva
CONDOS
3 new listings: Sunset Beach Villas #2214 2/2 $620K; Captiva Shores #8B 3/2.5 $1.648M; Seabreeze #1253 3/3 $1,999,999.
1 price change: Marina Villas #610 2/2 now $699K.
1 new sale: Beach Cottages #1403 2/2 $1.195M.
1 closed sale: Captiva Shores #4B 3/2.5 $1.3745M.

HOMES
1 new listing: 16177/179 Captiva Dr 3/3 $3.75M.
2 price changes: 11535 Chapin Ln 4/3 now $1.395M, 16163 Captiva Dr 3/2 now $2.695M.
No new sales.
1 closed sale: 11526 Laika Ln 4/4 duplex $1.725M.

LOTS
Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Until next week! Enjoy your weekends wherever you are & please contact the SanibelSusan Team for your real estate needs. We are always ready to help you!

Susan Andrews, aka SanibelSusan

Sometimes Sunny Sanibel Scoop


It’s SanibelSusan reporting the end of a week of mixed-bag weather and real estate activity. After a rainy morning, we saw the sun for a few hours today, now it has clouded over again, but more sun is expected. The sprinkles today were nothing compared to the multiple heavy deluges with gusts that we experienced last Saturday – during real estate showings too.

If a prospect likes a property during a shower, we always know that they will love it when the sun comes. Looks like next week’s weather will be better – sunny and mid-70’s for highs expected all week.

At SanibelSusan Realty Associates

Sanibelsusan LogoTeammate Dave held an Open House all day yesterday at High Tide. Having an Open House coincide with a Thursday Realtor Caravan usually brings lookers, but he only had two couples all day. Some days are more productive with Open Houses and there seems to be not a lot of reason for it.

Sanibel & Captiva Islands Association of Realtors® 2017 Installation & Awards Presentation

Incoming Sanibel/Captiva Realtor® Association President Joel Goodman chose a breakfast rather than evening banquet for his installation event which was yesterday. It was great to see so many attendees – considering it was at 7:30 a.m. at The Sanctuary and just past a speed trap after The Sanibel School. I think a few colleagues got pinched!

FloridaRealtors® 2017 President Maria Wells from Fort Pierce installed the new Sanibel/Captiva Board of Directors and Officers. Other attendees included FloridaRealtors® new CEO Bill Martin, now from Orlando, who came to Florida from the Michigan Association (smart man), representatives from our surrounding Associations in Fort Myers, Cape Coral, Bonita Springs, and Marco Island, and over 100 of our own Realtors® and affiliates.

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Seated are Florida Realtors 2017 President Maria Wells & Florida Realtors CEO Bill Martin with Joel Goodman, Sanibel & Captiva Islands Association of Realtors 2017 President

 

Joel’s theme for the year “Together, Realtors® Make a Difference” will be the topic of conversation next week at our first Communications/Public Relations Committee Meeting. It will be fun to Chair that committee again. Last time I did was 2006.

At the Caravan meeting which followed the installation and awards program (my 24th year as an Honor Society recipient), only a couple of sales were announced, but I was happy to announce our new listings at Cottage Colony West and Seagull Estates. More info the MLS activity posted this week is after a couple of news items below.

Sanibel Civic Core Project Gone by the Wayside

Sanibelcityseal logoIt was disappointing to hear the $42-million Sanibel Civic Core Project has gone by the wayside.

City Council voted in early December to put two items on the upcoming March ballot: an $8M-million bond issue (needed for Sanibel’s share of the project) and use of 13.5 acres of land from the Environmentally Sensitive Lands Conservation District needed to accommodate the project.

Rumor has it that it’s conjecture just how sensitive that land really is; but, it got enough citizenry riled up that Council this week withdrew both items. The press also reports that the County Commissioners were not onboard either, so the money needed from outside the island probably would have come up short.

The project which would have created a walking central civic core in the area surrounding BIG ARTS, the Museum, City Hall, and the Library also would have included The Center-4-Life which is in desperate need of expansion, room for classes, meetings, etc. Just what will be done with the Center-4-Life remains to be seen, but they, like BIG ARTS, want upgrades and may need to move forward independently.

Schein Performance Hall at BIG ARTS is now 20 years old and in need of better seating and acoustics. The Community Chorus has grown so much through the years, that the stage is now too small to hold us – which resulted in three performances of the spring program last year.

I bet that eventual improvements at The Center-4-Life and at BIG ARTS will be made without them being part of a Civic Core project. It’s just too bad that Sanibel won’t get a central area for the community to congregate and enjoy. Stay tuned.

Insurance Blind Spots: 5 Coverage Gaps That Could Cost You

associated-press-logoThe article below from the Associated Press was reposted today on FloridaRealtors® on-line. It has some good advice:

“You might think you have airtight insurance protection against storms, car accidents and other mishaps. But you’d hate to discover hidden cracks in your coverage once it’s too late.

“Here are five insurance problems you might not be as prepared for as you think – and how to plug the coverage gap.

“1. No flood insurance

“Flooding has occurred in every state in the country over the past five years, according to the Federal Emergency Management Agency. Yet only 12% of homeowners nationwide carry flood coverage, an Insurance Information Institute poll found.

“Homeowners insurance doesn’t cover flooding; you’ll need a separate policy. You can find local agents through the National Flood Insurance Program. You can also ask your home insurer for help starting a policy through the federal program, or whether there are companies in your state that offer private flood insurance.

“There’s a 30-day waiting period before coverage kicks in, so get flood insurance squared away well ahead of coming storms.

“2. No way to pay off a lease or loan on a totaled car

“Gap insurance helps you avoid owing money on a car loan or lease even if your vehicle has been totaled or stolen. Along with comprehensive and collision coverage, gap insurance is a smart addition if you lease or finance a car.

“Say you lease a $20,000 car at payments of $400 a month. Five months later, your car is totaled in an accident. If the car’s value has dropped to $15,000, that’s the amount your collision claim check will be, minus your deductible. That won’t be enough to cover the $18,000 left on your lease.

“This is where gap insurance kicks in. It makes up the difference between what your car is worth when it’s stolen or totaled and how much you owe on a car loan or lease.

“You can buy gap insurance from the car dealership or your lender. Or you can go through your car insurance company – which is typically cheaper unless you want gap coverage for several years.

“3. No plan for sewage backups

“You may not realize that you’re responsible for the sewer line that runs from the main pipeline in the street to your house. Yet standard home insurance typically doesn’t cover backups in this part of the line. Enter sewer backup coverage. It pays for cleanup and repairs from spewed sewage in your house.

“Sewer backup coverage is relatively affordable — $40 to $50 a year, according to the Insurance Information Institute. Talk to your home insurer about adding this kind of coverage.

“4. No income after a disability

“Among 20-year-olds, more than 1 in 4 will suffer a disability before retirement age, according to the Social Security Administration. If you aren’t able to work because of an illness or accident, you need a plan to pay the bills.

“Social Security disability insurance is available only to people with long-term disabilities lasting at least one year. Some employers offer short-term disability insurance, but it isn’t as common as you might think. Just 38% of workers have access to short-term disability insurance through their employers, according to the Bureau of Labor Statistics.

“You don’t have to rely on your workplace for coverage. Individual disability insurance is available from several insurers, such as State Farm, MetLife and Mutual of Omaha. If your employer doesn’t offer short-term disability insurance, or your current benefits fall far short of replacing your full salary, look into getting a policy elsewhere.

“5. No financial safety net for earthquakes

“Most homeowners, even those who live in high-risk areas, go without earthquake insurance. They risk financial ruin if their homes and belongings are destroyed. Only 10% of California residents have earthquake insurance, and 14% of people in western states, according to the Insurance Information Institute.

“Standard homeowners’ insurance won’t pay to fix damage caused by earthquakes. Home insurers might offer earthquake coverage as a policy add-on for an extra cost – and in California they’re required to. Or you might need to look for stand-alone earthquake insurance.

“Californians can shop for a policy through the California Earthquake Authority. For those living in other states, ask your home insurer or agent for help finding companies that sell earthquake coverage, or check your state’s department of insurance website.”

Sanibel & Captiva Multiple Listing Service Activity January 6-13, 2017

sancap GO MLS logoSanibel

CONDOS

3 new listings: Sandy Bend #5 2/2 $749.9K, Sunset South #1C 2/2 $769K, High Tide #A102 2/2 $1.75M.

1 price change: Mariner Pointe #1412 1/1 now $375K.

3 new sales: Loggerhead Cay #234 2/2 listed at $579K, Sanctuary Golf Villages I #3 2/2.5 listed at $650K, Sundial West #E304 2/2 listed at $814.5K.

2 closed sales: Loggerhead Cay #574 2/2 $542K, Sanibel Surfside #127 2/2 $1.137M.

HOMES

7 new listings: 1036 S Yachtsman Dr 3/3 $649.9K, 978 Black Skimmer Way 2/3 $724.9K, 1020 White Ibis Dr 3/2 $739K, 1410 Albatross Rd 3/3 $775K, 239 Daniel Dr 3/2 $1.099M (our listing, photos below), 2507 Blind Pass Ct 3/3 $1.495M, 1314 Seaspray Ln 3/3 $2.7M.

 

9 price changes: 1851 Farm Trl 3/2 now $525K, 2134 Egret Cir 3/2 half-duplex now $559K, 1772 Serenity Ln 3/2 now $649K, 1073 Fish Crow Rd 3/2.5 now $799K, 243 Southwinds Dr 4/2.5 now $899K, 1234 Middle Gulf Dr 3/3 now $1.249M, 598 Kinzie Island Ct 3/3.5 now $1.595M, 513 Lighthouse Way 3/3 now $1.778M, 984 Oyster Ct 3/3.5 now $1.95M.

4 new sales: 1411 Sandpiper Cir 2/2 half-duplex listed at $439K, 1983 Roseate Ln 2/2 listed at $539K, 539 East Rocks Dr 5/5 listed at $1.3M, 4449 Waters Edge Ln 3/3 listed at $4.495M.

1 closed sale: 8991 Mockingbird Dr 3/2 $800K.

LOTS

1 new listing: 1246 Seagrape Ln $2.995M.

No price changes or new sales.

2 closed sales: 592 Sea Oats Dr $315K, 690 Birdie View Pt $360K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Tennis Villas #3121 1/1/2 listed at $255K.

No closed sales.

HOMES

No new listings.

3 price changes: 11535 Chapin Ln 4/4 now $1.449M, 11411 Old Lodge Ln 4/3 now $1.775M, 16979 Captiva Dr 7/6.5 now $4.435M.

No new sales.

2 closed sales: 11536 Andy Rosse Ln 3/3 $1.675M, 11400 Dickey Ln 4/6.5 $7.5M.

LOTS

Nothing to report.

(This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activiislty in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

Until next Friday, here’s wishing you sunny beach days with lots of shells – like this one!

Susan Andrews, aka SanibelSusan

sanibel-island-shelling.jpg

Real Estate & More on Sanibel & Captiva Islands


SanibelSusan here reporting another week of wonderful island weather and the good news for those of us traveling Sanibel’s roadways has been a bit of a traffic reprieve. The islands remain busy with holiday vacationers, including many locals since schools are still out, but Periwinkle Way has been a little easier to maneuver this week.

Several of our listings had showings, with some future appointments scheduled. All-in-all, it’s looking like the first quarter of 2017 will be a busy one.

At SanibelSusan Realty Associates

Sanibelsusan LogoWe received a terrific new listing yesterday and another today. The first a large beautifully-remodeled meticulous and professionally-decorated 3+bedroom along the back circle in Seagull Estates will be posted in MLS early next week, as soon as the professional photography is done. With three screened porches overlooking a tropical backyard that borders conservation land, it also is an easy stroll or bike ride to the community pool, clubhouse, tennis, and beach access.

xterior

239 Daniel Drive in Seagull Estates

 

The 2nd is another beach-front condo at Casa Ybel Resort in their guaranteed income program. You may remember that we had another unit listed there that closed the end of the year. Those units (there are only 40 condos within the resort) are what many local Realtors® call “no brainers” for investors looking for easy ownership. The resort takes care of everything (including utilities and updates/repairs) with owners getting half of the annual income which usually is just under $100K. Cottage Colony West #119 will be posted later today in MLS.

lanai

Balcony & private stairs to beach at Cottage Colony West #119 at Casa Ybel Resort

 

Teammate Dave held an Open House yesterday at Pointe Santo and had good walk-in traffic – other island owners and renters. As properties are vacant and available, he will continue those open houses through season. He’s been busy opening listings for showings and accompanying showings too – all good action this week.

closeup-view-to-straightlefteast

Looking from Pointe Santo #C34 over lagoon to clubhouse to gulf

 

The team and I are watching prices closely now that “season” is here. Overall sales in 2016 fell short of 2015. Prices, however, continue to creep up, but still are far from where they were in the heyday of 2006. The positive post-election vibes, I expect will keep those prices on the upswing. It should be a winter of plenty of offers (she said optimistically).

Sanibel & Captiva Islands Association of Realtors® Caravan Meeting

Sanibel realtors logoThere were only a few sales announced at the Realtor® Caravan Meeting yesterday. Those are listed in the report below of the action posted since last Friday in the Sanibel/Captiva Multiple Listing Service.

Our meeting next Thursday morning is the island Association of Realtors® Annual Installation and Awards event. It is usually an evening banquet, but this year is a morning (8 a.m.) breakfast at The Sanctuary. The Caravan following will be a shortened version, so our listings due for caravan will be open the following week from 9 a.m. to noon.

 Want to Avoid Legal Hassles? Top Lessons From 2016

Florida Realtors logoThe below article was posted online today at FloridaRealtors® and has some good advice. It came from Fort Lauderdale’s “Sun Sentinel”. Info about the author follows the article.

“With the foreclosure crisis over and home prices continuing to increase, we’ve moved past the problems that were unique to the housing bust. It’s a more normal real estate market these days, but that doesn’t mean there aren’t issues around every corner.

“Here are my top lessons learned in 2016:

  • “Whether you’re on the board of your community association or just live in one, you need to read your governing documents. The answers to most problems can be found there, so it should be your first stop before you file a complaint or a lawsuit.
  • “Remember, when you bought your home, you agreed to the restrictions that are now vexing you. If you want to change the rules, get involved. Join the board of directors. If you’re on the board and want to change things, first clear it with the association’s attorney. Association litigation is expensive and often easy to avoid if you know your community’s rules and follow them.
  • “I’ll address two questions I hear several times a week: First, your association can foreclose on your home over a small amount of owed dues. Even if there is a mistake on your maintenance bill, pay the disputed money and then work with your association to resolve the error. Second, accept that residents are entitled to service animals under the law – even if the residents don’t appear to have visible disabilities. If you think a resident is abusing the rules, speak to the association’s attorney before you do anything.
  • “Interest rates are rising, and lenders are lending money again. If you have any intention of refinancing your mortgage, now is the time to do it. It’s also a good time to buy a home. As interest rates increase, your purchasing power will decrease. Although I don’t think interest rates will skyrocket, you should get the cheap money now while it’s still available.
  • “Finally, one of my favorite sayings is, “If you can say it, you can sign it.” Many times, relationships go wrong and promises get broken. Two people can have the same conversation and walk away with very different understandings. Whether you are agreeing to help your adult child buy a home or making a deal with a contractor to remodel your kitchen, always write down what you both agree to and then sign your names to it. While a properly drafted contract is best, just writing down, in detail, what each party agreed to, will reduce the chances of a dispute and make things easier to resolve if there is a disagreement.

“About the writer: Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar. He practices real estate, business litigation and contract law from his office in Sunrise, Fla. He is the chairman of the Real Estate Section of the Broward County Bar Association and is a co-host of the weekly radio show Legal News and Review. He frequently consults on general real estate matters and trends in Florida with various companies across the nation. Send him questions online at http://www.sunsentinel.com/askpro or follow him on Twitter @GarySingerLaw.”

Sanibel & Captiva Multiple Listing Service Activity December 30, 2016 – January 6, 2017

sancap GO MLS logoSanibel

CONDOS

4 new listings: Breakers West #A5 2/2 $514K, Sanibel Arms #F2 1/1 $515K, Cottage Colony West #119 1/1 $674K (our listing), Island Beach Club #220E 2/2 $1.039M.

1 price change: Sundial West #S404 3/2 now $850K.

1 new sale: Pointe Santo #E37 3/2 listed at $1.475M.

1 closed sale: Cottage Colony West #137 1/1 $602.5K.

HOMES

4 new listings: 474 Lake Murex Cir 2/2 $399K, 3008 Singing Wind Dr 2/2 $529K, 4239 Gulf Pines Dr 3/2 $549K, 1304 Seaspray Ln 3/2.5 $4.495M.

5 price changes: 2401 Shop Rd 2/1 now $278K, 1478 Albatross Rd 3/2 now $659K, 5757 Pine Tree Dr 3/2.5 now $800K, 1321 Par View Dr 3/2.5 now $895K, 407 Bella Vista Way 4/4 now $2.99M.

5 new sales: 2142 Egret Cir 3/2 listed at $499K, 5406 Osprey Ct 3/2 listed at $889K, 521 Lighthouse Way 3/2 listed at $995K, 1511 Angel Dr 3/3 listed at $1.25M, 5125 Joewood Dr 4/4 listed at $2.595M.

1 closed sales: 1559 Sand Castle Rd 3/2 $625K.

LOTS

1 new listing: 629 Lighthouse Way $1.095M.

No price changes.

2 new sales: 2379 Wulfert Rd listed at $289K, 592 Sea Oats Dr listed at $349.9K.

1 closed sale: 2411 Blue Crab Ct $307,318.

Captiva

CONDOS

2 new listings: Tennis Villas #3121 1/1/2 $255K, Bayside Villas #1/2 $315K.

No price changes, new or closed sales.

HOMES

1 new listing: 11551 Wightman Ln 3/3.5 $5M.

3 price changes: 43 Oster Ct 2/2.5 now $879K; 14980 Binder Dr 4/3 now $1,377,935; 14860 Mango Ct 5/4 now $2,343,925.

1 new sale: 11537 Laika Ln 4/3 listed at $1.549M.

LOTS

Nothing to report.

(This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activiislty in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

Until next Friday, here’s hoping your winter is warm and bright. Another cool front is expected to pass through here on Sunday when the high is forecast to be just 61 degrees F and breezy. Back into the 70’s right after that. Just how we like January on Sanibel.

Susan Andrews, aka SanibelSusan

beach-path

Beach path at Casa Ybel Resort