Things Are Looking Up on Sunny Sanibel


It is Friday again and the islands are getting busier as more winter residents return. Beaches and local waterways continue to recover. During off-island jaunts, it is great to again see cars on the causeway with folks picnicking and enjoying sunsets, while boaters head up and down the intra-coastal and out into the gulf, and fish-hunting pelicans skim the bay alongside the bridges. Love it when those birds abruptly dive down to grab dinner.

junonia 05-25-17Visitors report that Sanibel’s shelling has been excellent too – probably the aftermath of Hurricane Matthew stirring things up in the gulf. There have even been a few photos in the local paper of finders with cherished junonia shells. After 30+years searching, I’m still looking for a whole one.

10-19-2018Fishermen are back too, with plenty of videos posted on social media including tarpon jumping, following baitfish pools.

Now if the summer temperatures and humidity would subside, it would really feel like fall here. That’s expected to happen on Monday when a mini-cool front is expected to arrive. (Mini means staying in the 80’s during the day!)

At SanibelSusan Realty Associates

Sanibelsusan LogoOn the real estate front, it again was a week with just a handful of new island sales: on Sanibel – two condos and two homes, and just one home on Captiva. Those details follow a couple of news items below.

Sometimes when taking to property owners thinking of selling, we must tell them that their property may not be worth what they think. That’s not fun.

Here is some info that can help convince them. Lee County property taxes are paid in arrears each year with the taxable value based on a percentage of comparable property sales the preceding year. A property’s taxable value is not the same as the sale value, but it does provide a way to correlate it.LeePALogo

This is probably a generalization, but most Sanibel properties are worth less now than they were if they were if purchased between 2002 and 2009, or even last year. To check the assessed value of any Lee County property, go to the appraiser’s website at www.LeePa.org. Click the “database search” button in the left-hand menu. Then click “property data search”, then enter the address or the owner’s name. When the record pops up, click on the blue “parcel details” link on the right. When the property data page comes up, on the left-hand side under the legal information is a heading called “Current Working Values”. Under that heading is what the county appraiser determined as the property value for 2018 taxes.

Just to the right of the heading is a little icon that looks like a stack of papers (it has a red/blue/yellow graph on it). Click on that icon and up comes the property value history, all the way back to 1992. If it was purchased after that, you can pinpoint what the taxable value was in the year that it was purchased. Comparing that to its taxable value today, offers a way to calculate what the 2018 sale value may be.

Sanibel & Captiva Islands Association of Realtors

Sanibel realtors logoYesterday was our last off-season Thursday morning Caravan Meeting. Beginning Nov 1, those will be every week until spring. These events are an opportunity for our members to announce new listings and price reductions, congratulate colleagues on sales, and then visit as many as 20 new listings held open by the listing agents so that Realtors® can learn about the special features of each specific property in advance of showing it.

As homeowners and condominium associations have their annual meetings and their fees/special assessments and/or amenities change, Caravan also is when listing agents advise of that info. It then is posted by the Realtor® Association in our resource material which is available to all agents.

So, if you are out-and-about on a Thursday morning from 9 a.m. until noon on any given week, there are Open House signs and listings to preview – often they are new to the market.

Island Events

  • 4th Annual Pigs In Paradise Roastceci logoTomorrow, Sat Oct 20, hosted & to benefit Children’s Education Center of the Islands (CECI) at the preschool (350 Casa Ybel Rd) from 4 to 7 p.m. The school opened in 1974 & is a nonprofit parent co-op that serves families who live or work on Sanibel and Captiva. It is open to children ages 12 months to 5 years.
  • 33rd Annual BaileyFest – Sun Oct 21 in Bailey’s Shopping Center from noon to 4-p.m.Bailey fest 2018.jpg
  • 14th Annual Island Paws Howl-o-Ween Bash – Fri Oct 26 from 5 to 7 p.m. at Over Easy Café Patio includes pet costume contest & fundraiser to benefit Captains for Clean Water.howl-o-ween 2018
  • 10th Annual 10K Race 4 FISH – Sat Oct 27, begins & ends early at The Community House. SanibelSusan is the Sanibel Square roadway volunteer, near the finish line. Give a wave if you are running!fish 10K 2018.jpg
  • Flip Flop Family Scavenger Hunt – Sat Nov 3 to benefit Sanibel Sea School scholarship program. Starts at 10:30 a.m. at Sanibel Congregational Churchflip flop scavenger hunt 2018
  • Sanibel Blues & Jazz FestivalSun Nov 4 in Bailey’s Backyard from 12 to 7 p.m. Tickets at https://www.eventbrite.com/e/sanibel-blues-jazz-festival-tickets-506081633792018 sanibel jazz festival.jpg
  • 37th Annual Taste of The Islands Sun Nov 11 at Sanibel Community Park from 12:30 to 5 p.m. www.crowclinic.org/articles/37th-taste-of-the-islandstaste of the islands 2018
  • The Launch – Sat Nov 17 Coastal Keepers fundraiser at The Community House from 6 to 10 p.m. More info & tickets at http://www.sancapcoastalkeepers.org/the-launchthe launch 2018

Sanibel & Captiva Islands Multiple Listing Service Activity Oct 12-19, 2018sancap GO MLS logo

Sanibel

CONDOS

4 new listings: Blind Pass #C201 2/2 $440K, Seashells #3 2/2 $449K, Signal Inn #14 2/2 $849K, Sanibel Arms West #E2 2/2 $874K (our listing, pictured below).

ViewExt Back aBeach WalkBeach Walk bBeachExt Back b

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2 price changes: Mariner Pointe #122 1/1 now $389.9K, Plantation Village #312 3/2.5 now $1.69M.

2 new sales: Pointe Santo #C34 1/1 listed at $475K, Sunset South #6B 2/2 listed at $599K.

No closed sales.

HOMES

8 new listings: 406 Lighthouse Way 3/3.5 $649K, 1009 Dixie Beach Blvd 3/2 $650K, 256 Daniel Dr 2/2 $799K, 5842 Pine Tree Dr 3/2 $1.189M, 1150 Seagrape Ln 3/2 $1.279M, 1345 Eagle Run Dr 3/2.5 $1.295M, 297 Ferry Landing Dr 3/3 $1.299M, 488 Lighthouse Way 4/4 $3.335M.

10 price changes: 1027 Sand Castle Rd 2/2 now $525K, 746 Cardium St 4/2 now $690K, 749 Cardium St 2/2 now $729K, 4460 Waters Edge Ln 3/2 now $848K, 1307 Par View Dr 3/3 now $1.099M, 534 N Yachtsman Dr 3/2 now $1.1M, 794 Conch Ct 3/2.5 now $1.295M, 500 Kinzie Island Ct 3/3 now $1.525M, 872 Limpet Dr 3/3 now $1.749M, 1238 Isabel Dr 5/3/2 now $2.59M (foreclosure), 6111 Sanibel-Captiva Rd 5/4/3 now $16.875M.

2 new sales: 1190 Sand Castle Rd 3/2 listed at $585K, 1350 Middle Gulf Dr (Moonshadows #2F) 3/3 half-duplex listed at $849K.

No closed sales.

LOTS

2 new listings: 2994 Island Inn Rd $209.9K, 539 Sea Oats Dr $495K.

No price changes, new, or closed sales.

Captiva

CONDOS

2 new listings: Tennis Villas #3217 1/1 $350K, Captiva Hide-a-Way #1B 2/2 $895K.

1 price change: Gulf Beach Villas #2008 2/2 now $639K.

No new or closed sales.

HOMES

No new listings.

1 price change: 11535 Wightman Ln 4/4 now $1.995M.

1 new sale: 44 Oster Ct 2/2 listed at $1.095M.

No closed sales.

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 Friday! Enjoy your week, Susan Andrews aka SanibelSusan

Island October = Great Shelling, Snowbirds Returning, Calendars Filling Up


shells a bunch

It has been another interesting week on Sanibel Island.

West Wind MichaelExtra high tides and winds from Hurricane Michael passing west of the islands on Tuesday made for some big waves and minor flooding in a few locations.

(Pictures taken Tues afternoon. First a beach path at West Wind Inn.

2nd is Dixie Beach Blvd looking from Royal Poinciana to the bay.)Dixie Beach

Like with most summer showers, the water disbursed quickly and now beachgoers are enjoying good shelling.

Boating, however, is discouraged until this weekend when the winds are expected to die down.

Concerning red tide, the daily status reports posted by the Florida Fish and Wildlife Conservation Commission show that samples on the west coast of Florida are pretty much free of red tide. No evidence at all now on Sanibel and Captiva. That is a huge relief! We sure hope it stays that way.

An area around St Petersburg/Tampa still shows medium to high readings. On Florida’s East Coast, there are low red tide readings reported from Miami north through Boca Raton, the Palm Beaches, and Port St. Lucie. Today, there also were a few low readings just off the coast of Key West. Here’s the link, if you want to see for yourself: http://myfwc.com/research/redtide/statewide/

Florida Realtors® Disaster Relief Fund

Florida Realtors logoAs the team and I watched the news unfold of the damage from Hurricane Michael, Florida Realtors® sent reminders out about the Florida Realtors® Disaster Relief Fund which is available to Realtors®, including their real estate employees, Realtor® Boards and Associations and their staff in the event of devastation caused by a hurricane, tornado, or other natural disaster. Florida Realtors® Disaster Relief Fund, just a few weeks ago, after Hurricane Florence made a $25K donation to the National Realtors® Relief Foundation which similarly helps colleagues throughout the U.S. Our hearts are with disaster victims as they recover.

2018 Water Resources Development Act

Capitol Bldg DCGood news on Wednesday when the U.S. Senate unanimously passed bipartisan, comprehensive water resources infrastructure legislation-in the federal water bill-that authorizes the EAA Reservoir! The President signed it yesterday.

This 2018 Water Resources Development Act (WRDA) Bill moves forward a critical and fundamental Everglades restoration and estuaries enhancement project that will enable excess water to be directed south out of Lake Okeechobee instead of west and east to the Caloosahatchee and St Lucie rivers and estuaries.  The project is designed to move water from Lake Okeechobee through 6,500 acres of filter marshes to clean the water and store it in a 10,500-acre reservoir. The reservoir is estimated to cost about $1.3 billion, which will be split evenly between the federal government and the state.

US army corps logoThe bill also directs the U.S. Army Corps of Engineers to implement a five-year harmful algal bloom technology development program to identify and develop improved strategies for prevention and management techniques, early detection and procedures to reduce harmful algal blooms.

This is a great step forward, but we all must stay attuned to the new Florida administration and getting the project started. You can be sure that your local Realtors® and the Sanibel-Captiva Conservation Foundation will stay “on it”.

Member of Realtor® Family Makes Movie Premier

Buttons the movieLike many Florida Realtors® colleagues, I have watched the progress of our state President, Christine Hanson’s granddaughter Noelle Parker as she has evolved over the last few years from a photogenic toddler to becoming a child actress. Like her grandmother, Nicolle’s Mom is a Realtor® too. Noelle was an adorable speaker at Christine’s installation in January.

This week, Noelle’s Realtor® family announced that she is making her movie debut in the release of “Buttons” which is a new Tim Janis musical fairy tale film on a journey to discover that sometimes believing can be the greatest adventure of all. During a time of robber barons, mills, and rising industry, two orphaned children meet two unexpected visitors (Dick Van Dyke and Angela Lansbury) who turn the tide of events and change their lives forever. Narrated by Robert Redford and Kate Winslet, the film also features some other big names including Jane Seymour and Roma Downey, plus a new song by “Nova” written by Sir Paul McCartney. Advance tickets go on sale today, with the movie premiering in theaters on December 8. Noelle is the little blonde girl dressed in white under the pix of Dick Van Dyke in their trailer photo (https://www.buttonsthemovie.com )

Plus a Young Local Talent on Broadway – Liam Hutt

Liam ElfMany islanders patronize La-Te-Da Salon and Spa on Cypress Lake Dr in Fort Myers. Both Elise and I get our hair cut there. The owners’ son, Liam Hutt, who we have followed since he was born, also is an amazing young talent, often seen singing, dancing, and acting in local and state theatrical productions. Yesterday, they announced that he will be joining the Broadway cast of “Elf” on their national traveling tour, from Nov 7 to Dec 30. Performing from state-to-state from one side of the country to the other, their performance schedule is staggering. Maybe he’ll be in your area. – https://elfthemusicaltour.com

Island Events

big arts logoThe roadways are getting busier and island activities are beginning. Rehearsals start next week for the BIG ARTS Community Chorus. There are just nine rehearsals this session (from 6:30 to 8:30 p.m. Tues nights in Phillips Gallery). All ages and singing abilities welcome. Performances this session include the island Thanksgiving Celebration on Sun, Nov 18; caroling for Luminary on Fri, Dec 7; and our holiday concert on Wed Dec 12 in Schein Performance Hall.

International Coastal Cleanup – tomorrow Sat Oct 13 from 9 a.m. to noon. After being postponed for a month due to red tide, the islands’ cleanup is coordinated by Keep Lee County Beautiful and hosted by the Bailey-Matthews National Shell Museum. Check-in will be set up on Island B, closest to Sanibel. Participants should register at www.klcb.org/coastal-cleanup.html.

30th Annual “Ding” Darling Days –today through Sun Oct 14. Today is Free “Let’s Get Outside Day”, Sat is FREE “Conservation Art Day”, & Sun is FREE “Family Fun Day”. More info at www.DingDarlingDays.com

4th Annual Pigs In Paradise Roast– Sat Oct 20, hosted & to benefit Children’s Education Center of the Islands (CECI) at the preschool (350 Casa Ybel Rd) from 4 to 7 p.m. The school opened in 1974 & is a nonprofit parent co-op that serves families who live or work on Sanibel and Captiva. It is open to children ages 12 months to 5 years.

33rd Annual BaileyFest – Sun Oct 21 in Bailey’s Shopping Center from noon to 4-p.m.

14th Annual Island Paws Howl-o-Ween Bash – Fri Oct 26 from 5 to 7 p.m. at Over Easy Café Patio includes pet costume contest & fundraiser to benefit Captains for Clean Water.

10th Annual 10K Race 4 FISH – Sat Oct 27, begins & ends early at The Community House.

Flip Flop Family Scavenger Hunt – Sat Nov 3 to benefit Sanibel Sea School scholarship program. Starts at 10:30 a.m. at Sanibel Congregational Church

Sanibel Blues & Jazz Festival– Sun Nov 4 in Bailey’s Backyard from 12 to 7 p.m. Tickets at https://www.eventbrite.com/e/sanibel-blues-jazz-festival-tickets-50608163379

37th Annual Taste of The IslandsSun Nov 11 at Sanibel Community Park from 12:30 to 5 p.m. www.crowclinic.org/articles/37th-taste-of-the-islands

The Launch – Sat Nov 17 Coastal Keepers fundraiser at The Community House from 6 to 10 p.m. More info & tickets at www.sancapcoastalkeepers.org/the-launch

Island Real Estate News

It was another quiet week for Sanibel/Captiva real estate business. This is the off-week with Realtor® Caravan and not much activity was posted in the Sanibel & Captiva Islands Multiple Listing Service. The action since last Friday is below.

Sanibel & Captiva Islands Multiple Listing Service Activity Oct 5-12, 2018sancap GO MLS logo

Sanibel

CONDOS

4 new listings: Tennisplace #B22 2/1.5 $299K, Sunset South #6B 2/2 $599K, Sandpiper Beach #203 2/2 $720K, Loggerhead Cay #573 2/2 $729K.

4 price changes: Seashells #43 2/2 now $329K, Blind Pass #E205 2/2.5 now $405K, Pointe Santo #C34 1/1 now $475K, Sunset South #6D 2/2 now $649K (our listing).

Image 3.jpg

Sunset South – from river to gulf with clubhouse & pool overlooking courtyard.

No new sales.

1 closed sale: Pointe Santo #B21 2/2 $675K.

HOMES

6 new listings: 1236 Sand Castle Rd 2/2 $565K, 1332 Sand Castle Rd 3/2 $620K, 4619 Brainard Bayou Rd 3/2 $640K, 1286 Par View Dr 3/3 $969K, 2251 Starfish Ln 4/3.5 $1.549M, 2915 Wulfert Rd 5/6.5 $3.195M.

6 price changes: 1717 Atlanta Plaza Dr 2/2 now $420K, 849 Beach Rd 4/4 now $595K, 3050 West Gulf Dr 3/2.5 now $879K, 1676 Middle Gulf Dr 3/2 now $899K, 5606 Baltusrol Ct 4/6 now $1.995M, 3009 Turtle Gait Ln 4/4.5 now $2.995M.

4 new sales: 4542 Bowen Bayou Rd 3/2 listed at $479K, 1643 Sand Castle Rd 3/2.5 listed at $528.5K, 3837 Coquina Dr 2/2 listed at $665K, 718 Oliva St 3/2 listed at $789K.

2 closed sales: 4239 Gulf Pines Dr 3/2 $667.5K, 2029 Periwinkle Way 4/3 $1.6M.

LOTS

1 new listing: 1817 Longpoint Ln $348.5K.

2 price changes: 4566 Buck Key Rd now $149K, 2486 Wulfert Rd now $159K.

No new sales.

1 closed sale: 1246 Sand Castle Rd $275K.

Captiva

CONDOS

No new listings

1 price change: Bayside Villas #5136 1/2 now $379,999.

No new or closed sales.

HOMES

1 new listing: 16163 Captiva Dr 3/2 $2.695M.

No price changes or new sales.

1 closed sale: 15735 Captiva Dr 4/5 $6M.

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 Friday!

Susan Andrews, aka SanibelSusan

Goodbye, red tide.. hello, “Season”


It has been another quiet real estate week on Sanibel – but things are looking up. Red tide and blue/green algae continue to be the hot topic of conversation and in the news. Summer projects at several local communities and condos are finishing up, snowbirds are starting to return, and many of the restaurants and businesses that were temporarily closed for annual maintenance, vacations and renovations are reopening. Below is yesterday’s scoop.

Sanibel realtors logoAt the early morning Sanibel & Captiva Islands Association of Realtors® Caravan Meeting, our Communications and Public Relations Committee presented donations to Meg Dalabes, Community and Education Development Coordinator at ACT (Abuse, Counseling, & Treatment, Inc.). More info at www.actabuse.com.

2018-10-04 ACTThe Association’s “off season” collection drives continue this month with our 2nd “Fall Into Christmas” event on the 25th, to benefit “Friends Who Care”.

The caravan announcements included just a handful of new sales (most off island) and a couple of price reductions (ours at Pointe Santo included). The activity posted in the entire MLS since last Friday is posted after a few news items below. These Caravan meetings will revert to the weekly Thursday morning schedule in November.

After Caravan, the Association’s MLS Task Force met for a presentation by the fourth and final Multiple Listing Service provider candidate. Next, we will be comparing candidate offerings to our member preferences (from a recent survey).

Early afternoon, I stopped to check-out the beach in a couple of spots. At West Wind Inn, the water looked good. I saw evidence of marine life returning; but even so, few people were there.

west-wind-innThen early evening, I saw the below post by the West Wind Inn, confirming my observations. It is some of the best news in weeks. See below:

“Goodbye Red Tide! To ensure the safety and satisfaction of our guests, Sanibel Captiva Beach Resorts has been working closely with Sanibel-Captiva Conservation Foundation (SCCF) and testing the water at our four resort properties for Red Tide for the past couple of months.

“We have seen a steady decline in levels of Red Tide (Karenia) concentration over the last week. Just a couple of weeks ago, we were still seeing an ebb and flow of cell counts in the millions at some locations. In the recent days, the change in winds has helped shift the surface currents to blow offshore. That, combined with the hydrogen sulfide bubbling up and iron being complexed into Iron Sulfide precipitate, has killed the Red Tide cells. We’re excited to report that today we tested with ZERO cell counts of Red Tide at all four of our locations.

“Dr. Rick Bartleson, researcher at SCCF, believes that this was a large-scale event, enough that the Red Tide bloom that has been affecting us since October 2017 may officially be dead in our area, and hopefully will not be returning any time soon.

“While the oxygen level of the water and Red Tide does not affect the safety of the water to swim, the water itself has become more pleasant in color and odor. Some areas of the coast do have dark or brown water, which may be caused by remnants of the Red Tide dying or the dissolving of organic matter and should quickly settle or sediment out and we’ll begin seeing clearer water everywhere.

“It’s a great day for all of us, or as Dr Bartleson says, “unless you’re red tide.”

“As always, we encourage you to keep checking in with us at https://www.clear-purpose.org/ for updates and more information on the water, beaches, weather and other news of value.”

https://www.sanibelcaptivabeachresorts.com/goodbye-red-tid…/

Sanibel Farmers Market Opens for 11th Year

Farmer MarketReopens on Sunday on the grounds of City Hall from 8 a.m. to 1 p.m. This year, it will be there every Sunday until May 26. including Easter but will be closed on Veteran’s Day (but open the following Monday). Thanks to the vision of islander Moms and co-managers of Local Roots, Jean Baer and Betsy Ventura, the market has grown since it began in 2008 to the wonderful fun-for-all outdoor activity that it is today. In addition to local produce, vendors sell breads, honey, seafood, meats, flowers, cheeses, and many other products. It’s a wonderful gathering place too! (A couple of changes this year are 1) no dogs are allowed in the vendor area and 2) a handful of crafters also will be selling their wares. More info at www.BuyLocalLee.com

FishAt Jean and Betsy’s suggestion, as the market closes up each Sunday, vendors pack boxes of their unsold produce and food for donation to the local FISH Food Pantry. The Sanibel Farmers Market also is a drop-off point for canned and packaged food donations – a great reason to bring your shopping bag with a donation and then fill it with fresh goodies to take home.

In January, the Captiva Farmers Market will return for its second season.

Construction of the Jordan Marsh Water Quality Treatment Park

Sanibelcityseal logoMany folks just returning have asked “what is the excavation work underway on Casa Ybel Road?” They are referring to the large City-owned and preserved land parcel next to the Woodhaven which is just beyond The Bank of the Islands building. Here are some highlights from a late-August MySanibel.com post about it.

“The City’s contractor, Wright Construction Group, will begin construction of the Jordan Marsh Water Quality Treatment Park on September 4, 2018.  The water quality treatment park will be located in the vicinity of Periwinkle Way and Casa Ybel Road, on 6 acres of City-owned land known as the Jordan Marsh Preserve and 1.3 acres of land within SCCF’s Andrea Waitt Carlton Family Tract.

“The primary goal of this project is to improve water quality in the Sanibel Slough to help meet Florida water quality standards. Secondary goals of the project are to enhance existing wildlife habitat on the site, provide recreational opportunities, and educate park visitors on the various Best Management Practices (BMPs) used to improve water quality.  The project is being funded in part by the South Florida Water Management District Cooperative Funding Program, Lee County Community Park Impact Fees, and City budgeted funds.

“The project is anticipated to be complete by January 2, 2019.  A temporary stop sign and stop bar will be placed on the Shared-Use-Path along Casa Ybel Road at the construction entrance.  The public is reminded to use caution when traveling through the construction zone and to adhere to all posted signage until construction is complete.

“Please contact the Natural Resources Department at 239-472-3700 if you have any questions regarding this project.”

Happenings at Sanibel’s Historical Village

The below article from the Fort Myer’s Florida Weekly dated Oct 3, 2018.

historical village logo“The Sanibel Historical Village, after being closed for a few months for renovations, reopens Oct. 16. “We’re planning exciting programs this season, including three of our popular Twilight Talks,” said executive director Emilie Alfino. “Our annual gala fundraiser is scheduled for Feb. 19. We look forward to seeing old friends as well as welcoming return guests.”

“The Twilight Talks, which cost $10 per person, include:

  • “Be Our Guest: The History of Lodging on Sanibel and Captiva.” This talk is a partnership between the historical village and the Captiva Island Historical Society. Jan. 30 at the Sanibel Community House.
  • “Sanibel History Quiz,” a Jeopardy like game about the history of the island. March 13 at the Sanibel Community House.
  • “The History of Periwinkle Park.” April 10 at the Sanibel Community House.

For more information or to purchase tickets, call Ms. Alfino at 472-4648. Twilight Talks tend to sell out quickly, she said. A fourth event is sold out already — a Nov. 7 dinner cruise on the Lady Chadwick to Cayo Costa and Cabbage Key.

“There will be a Luminary celebration Dec. 7, and a Free Admission Day on June 15.

“For the first time this year, we are offering a reciprocal museum membership,” Ms. Alfino said. “We have joined the North American Reciprocal Museum family, and a membership at the $150 level or above offers members free admission to more than 900 participating arts, cultural, and historical institutions along with botanical gardens, children’s museums, science and technology centers, and more.” Many institutions include a discount at their gift shops. See www.narmassociation.org for a list.

“New volunteers are always needed at the village. Training begins Nov. 5 and Nov. 12. Interested people are encouraged to call Ms. Alfino at 472-4648. “There are many different things for volunteers to do, so anyone can find a comfortable spot among our village family, doing what they enjoy most,” Ms. Alfino said.

“The Sanibel Historical Museum and Village hours are Tuesdays through Saturdays from 10 a.m. to 4 p.m. Full guided tours take place at 10:30 a.m. and 1:30 p.m. at no additional charge, depending on docent availability.

The Sanibel Historical Village is located at 950 Dunlop Road, next to BIG ARTS, and there is handicap access to the buildings. Admission is $10 for adults over 18. Members and children are free. For more information, call 472-4648 during museum hours or visit www.sanibelmuseum.org.

Traders Gulf Coast Grill & Gifts

traders signThough they reopened this week, they have new hours for Oct: Open at 3 p.m. for happy hour & lite fare, serving dinner from 5 p.m. Closed Sundays & Mondays.

Their new restaurant T2 at the Village Shops is open for lunch and was busy today at noon. Their spinach salad with blacked shrimp = terrific!

Planning Ahead – Upcoming Island Events

“Ding” Darling Days – Fri Oct 12 to Sun Oct 14. Fri is Free “Let’s Get Outside Day”, Sat is FREE “Conservation Art Day”, & Sun is FREE “Family Fun Day”. More info at www.DingDarlingDays.com

4th Annual Pigs In Paradise Roast – Sat Oct 20, hosted & to benefit Children’s Education Center of the Islands (CECI) at the preschool (350 Casa Ybel Rd) from 4 to 7 p.m.

33rd Annual BaileyFest – Sun Oct 21 in Bailey’s Shopping Center from noon to 4-p.m.

10th Annual 10K Race 4 FISH – Sat Oct 27, begins & ends early at The Community House.

Sanibel Blues & Jazz Festival – Sun Nov 4 in Bailey’s Backyard from 12 to 7 p.m. Tickets at https://www.eventbrite.com/e/sanibel-blues-jazz-festival-tickets-50608163379

37th Annual Taste of The Islands – Sun Nov 11 at Sanibel Community Park from 12:30 to 5 p.m. www.crowclinic.org/articles/37th-taste-of-the-islands

The Launch – Sat Nov 17 Coastal Keepers fundraiser at The Community House from 6 to 10 p.m. More info & tickets at www.sancapcoastalkeepers.org/the-launch

New-to-Florida Homebuyers Should Update Their Estate Plan

Florida Realtors logoFloridaRealtors® on-line posted an article this week sourced to the Fort Myers “News-Press”, Hersch, Craig R. (9/28/18):

“There are good tax reasons to move to Florida: State residents don’t have to pay state income tax, they enjoy property tax caps through the state’s Save Our Homes Amendment, and Florida also doesn’t have a death tax.

However, it’s essential for new Florida residents to update their Revocable Trust documents because of the state’s descent and devise laws surrounding Florida homesteads.

“Under that law, if a homeowner is survived by a spouse, absent any nuptial agreement waiving certain rights, it becomes necessary to devise the home outright in fee simple to the spouse. Otherwise, the will or trust contains what is known as an “invalid devise,” in which event the spouse receives a “life estate” interest in the home, and the children of the deceased receive a present “remainder” interest.

“Also, if the homeowner wants to sell the home, the children must agree and sign any listing agreements, contracts to sell or deeds. Further, the children are entitled to part of the proceeds of the sale of the home.”

NAR (National Association of Realtors®) Urges Deduction for Rental Income

realtor logoGood info here about what Realtors® are doing behind the scenes as posted last week in the “Washington Report” on line at NAR.Realtor:

“The Tax Cuts and Jobs Act includes a 20% deduction from the net business income of sole proprietors and owners of S corporations, partnerships, and limited liability companies.  The new deduction is intended to provide roughly the same tax rate cut the Act provided to regular corporations.  However, it is unclear whether owners of rental real estate will be able to claim the deduction.

“NAR has asked the Treasury Department and Internal Revenue Service, in a letter, to treat all real property rental activity as eligible for the 20% deduction.  The letter asserts that without this change, the 10 million American owners of rental real estate will be forced to wade through voluminous and confusing tax cases and conflicting IRS positions to determine for themselves whether their rental activity constitutes a “trade or business,” which is a requirement for the deduction.  The letter also lists factors that indicate Congress intended the deduction to be available to the great majority of owners of rental property without the burden of excess complexity.

“The IRS will hold a public hearing on the proposed regulations on October 16.  NAR has requested that a representative of the association be allowed to testify on this issue.

“NAR sent an earlier comment letter to Treasury and IRS on another issue related to the 20% deduction, on the question of whether real estate brokerage activities qualify for it.  In a huge win for REALTORS, the proposed regulations reflected the position suggested by the letter.”

Sanibel & Captiva Islands Multiple Listing Service Activity Sep 28-Oct 5, 2018

Sanibel

CONDOS

3 new listings: Breakers West #A5 2/2 $528.5K, Blind Pass #B209 2/2 $569K, Sundial #T402 2/2 $855K.

2 price changes: Surfside 12 #A1 3/2 now $799K, Pointe Santo #C43 3/2 now $1.125M (our listing).

Roof Deck View a

View from Pointe Santo C43

1 new sale: Sanctuary Golf Villages I #3-4 3/3 listed at $924.5K.

3 closed sales: Spanish Cay #A7 1/1 $245K (our listing), Coquina Beach #5F 2/2 $440K, Breakers West #A4 2/2 $529K.

HOMES

3 new listings: 1327 Tahiti Dr 2/2 $629K, 1442 Sand Castle Rd 3/2 $749K, 1323 Seaspray Ln 4/4.5 $2.448M.

4 price changes: 1740 Middle Gulf Dr 3/3 now $959K, 2479 Blind Pass Ct 3/2 now $1.09M, 243 Daniel Dr 4/3.5 now $1.494M, 1133 Golden Olive Ct 3/3.5 now $2.438M.

3 new sales: 718 Oliva St 3/2 listed at $789K, 544 Sea Oats Dr 4/4 now $1.25M, 1528 San Carlos Bay Dr 3/3 now $1.85M.

No closed sales.

LOTS

1 new listing: 247/255 Robinwood Cir $279K.

No price changes or new sales.

1 closed sale: 1912 Ibis Ln $200K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Beach Cottages #1407 2/2 listed at $1.195M.

1 closed sale: Bayside Villas #5102 1/2 $345K.

HOMES

1 new listing: 11549 Wightman Ln 3/4 $3.995M.

1 price change: 15161 Wiles Dr 5/5.5 now $2.75M.

No new sales.

1 closed sale: 48 Oster Ct 2/2.5 $814K.

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.

As our “Island Sun” ad says this week:

You don’t need Christopher Columbus. The SanibelSusan Team can help you find your piece of paradise.

Enjoy your weekend, Susan Andrews, aka SanibelSusan

See the source image

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.

D70948CC-3A31-45CB-916C-8C966A337407

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

Veterans Day Weekend on Sanibel


Today On Island 11-10-17

It’s Susan with your Friday news from The SanibelSusan Team. After recent reports about the weather up north, you may not want to hear that it has been another week of wonderful weather here. (Photo above taken today. It doesn’t get much prettier!) Temperatures topping out in the low 80’s and cooling into the 60’s at night is near- perfect to many locals. We hope it continues.

The roadways and bike paths continue to fill up, so though we are not quite into “season”, it is getting close. I heard the first “the traffic is awful” comment this week. That very well may be the norm this winter. With so many resort areas in Southern Florida and the Caribbean recovering from the summer storms, I bet Sanibel and Captiva are more popular than ever this winter. Many vacation rental properties already report that they are “fully booked” for season.

At the Sanibel & Captiva Island Association of Realtors®

Sanibel realtors logoWed evening from 5 to 7 p.m., the Sanibel/Captiva Association of Realtors® “Fall Into Christmas” benefit for Friends Who Care was a huge success. Member attendees and their families and guests came with unwrapped toys, gift cards, and check/cash donations. With close to $3,000 collected as well as a tree full of toys, these contributions will be delivered to this local non-profit before their toy sorting and wrapping event at The Community House on Dec 19. Deliveries then will be made by Kiwanis Santas on Dec 23.

It sure was fun and rewarding to spearhead such an event. Thank you to event sponsors: American Momentum Bank, Barrier Island Title, Dorado Property Management, Florida Community Bank, Private Client Insurance Services, Rosier Insurance, Seacoast Cottage Company, Superior Title, and Tru-Clean Carpet and Tile Care.

Thanks too to Danny Morgan who provided the music and Jim Anderson the photos, while many Realtors and affiliate business partners helped behind the scenes, especially our hardworking committee members, aka Santa’s elves.

Fall Into Christmas

Yesterday was the first “east end” Caravan of the now-weekly schedule. Thirteen new listings were open for viewing, with several other new listings announced too, but only a handful of new sales.

Next week is “west end” caravan, followed by Thanksgiving, so the next “east end” caravan is not until Nov 30. We will have our new Anchor Drive listing open then.

A weekly report after a few news items below, covers the action posted in the Sanibel and Captiva Islands Multiple Listing Service since last Friday.

Upcoming Events

Memorial Day Eagle FlagVeterans Day Ceremony – Tomorrow, Saturday, Nov 11, on the grounds of Sanibel City Hall at 10:45 a.m.

Taste of the Islands – CROW’s 36th annual fundraiser, this year called “A Taste of CROW at Taste” is Sunday, Nov 12, from noon to 5 p.m. at the Sanibel Community House and Park, right across the street from our office. The new twist this year is the opportunity to attend programs and visit some of the animal ambassadors. Bring your lawn chairs, but no pets, as wildlife will be there this year. Tickets are $7 for adults. Free for children up to 12. The trolley starts at 11 a.m. with parking available at Bank of the Islands, Sanibel-Captiva Trust Company, and the Post Office. Starting at 1 p.m., parking also is available at the three near-by churches.

crow 36th tasteInside the Community House, at 12:30 p.m., 2 p.m. and 3 p.m., CROW will have animal ambassador presentations with Bashful (a Virginia opossum), Sheldon (the gopher tortoise), Lola (an American Kestrel), and Violet (an Eastern Indigo snake). Also at The Community House, attendees may purchase from the popular Adopt-A-Species program. Some of the species offered for adoption include a bald eagle, sea turtle and gopher tortoise. A silent auction in The Community House will be ongoing until 4:30 p.m.

Outside, fourteen restaurants are participating in the event and looking for your votes. Dishes will range in price from $1 to $6 and can be purchased with CROW bucks. Beer, wine, and margaritas will be available, plus a variety of music by LCEC Killa-Watts will entertain all afternoon.

give-thanksAnnual Sanibel Thanksgiving Celebration – Sunday, Nov 19, at 6:45 p.m. at The Community House. Free admission. A non-denominational program with music and song by the BIG ARTS Community Chorus and Sanibel School’s Seahorse Chorale. Following the celebration, cookies and apple cider donated by Bailey’s General Store and Jerry’s Foods. Guests are encouraged to bring a donation for FISH of San-Cap.

To Addendum Or Not to Addendum?

Florida Realtors logoThose of you who know me well, know that I am conservative and a stickler for detail. Some good examples are offered in the below article posted on-line Nov 6 at FloridaRealtors®.org. It is by Meredith Caruso, Manager of Member Legal Communications for Florida Realtors®.

“In an ideal world, after a buyer and seller execute a contract, things proceed seamlessly, no issues arise at all, and the parties close on their agreed-upon closing date.

“The reality: While that can occur in your transactions, many times it just isn’t the case. One thing or another pops up along the way, and the parties need to change their current agreement, whether that’s an extension of a closing date or amending the contract to add a new term. Before you race to grab an addendum, though, first consider whether or not it’s actually needed. Depending on the details, it’s entirely possible you don’t need to do anything. This article considers a few different scenarios that can occur and whether or not an addendum is needed. (For purposes of this article, the Florida Realtors/Florida Bar (“FR/Bar”) contract is referenced).

“Scenario 1 – The title company handling the closing finds a lien on the property that the seller didn’t realize was there. The seller says he’ll handle it, but it probably can’t be settled on time for the agreed-upon contract closing date. Do the parties need to sign an extension for the closing date? In short, no.

“Per Standard 18A of the FR/Bar contract, the buyer is supposed to notify the seller, in writing, of any defect in the title commitment within five days after receiving it. The seller then has 30 days after receiving this notice, defined as the seller’s Cure Period, to “take reasonable diligent efforts” to remove the defect. Assuming the seller is able to fix the defect within the Cure Period, the seller needs to notify the buyer in writing, along with proof of the cure acceptable to the buyer, and the parties should proceed to closing.

If the closing date has passed during the 30-day cure period, the closing is to take place “within 10 days after buyer’s receipt of seller’s notice.” In this example, there’s no need for the parties to sign an extension since the contract already addresses how the closing should proceed in the event of a title defect.

“Scenario 2 – The buyer and seller have an “As-Is” version of the FR/Bar contract. The buyer performs her inspection and decides she wants to ask the seller for repairs. The buyer’s agent emails the listing agent to ask about the seller’s willingness to make repairs. The seller verbally indicates he is willing to fix the some of the items the buyer is asking about – but not all. Is an addendum needed? In short, it probably is.

“It could be an addendum extending the inspection period so the parties can further negotiate the repairs, or it could be an addendum to address the agreed upon repairs. In either case, the parties should have something in writing. It’s not a good idea to rely on verbal representations about a party’s willingness to make repairs; and it’s not a good idea to think that simply inquiring about repairs provides more time or an automatic extension of the inspection period. The seller could refuse to honor the repairs later and the buyer likely would have little recourse.

“Additionally, there is no “pause button” on your inspection period clock. Even if the parties are negotiating repairs, the clock is still ticking. If the buyer can’t get an agreement in writing with the seller about the repairs or an extension for the inspection period, she will need to decide whether to cancel the contract before the inspection period ends or her deposit could be at risk.

“Scenario 3 – A hurricane sweeps across Florida. While the property isn’t damaged, power is out around the state and the title company doesn’t have any power to conduct a closing on the agreed-upon contract closing date. Do the parties need to get an addendum to extend the closing date? In short, no.

“Standard 18G addresses this scenario and states, in sum, that neither party will be required to perform any obligations under the contract when the non-performance is due to Force Majeure. All time periods will be extended “a reasonable time up to 7 days after” such Force Majeure no longer prevents performance. So, in this example, the parties should close within 7 days after the title company regains power and can process the closing. No addendum is necessary since the contract already addresses what happens when a defined Force Majeure event prevents performance.

“Note: It’s important to keep in mind that all contracts are different, and the above examples are specific to just one contract. In general, when in doubt over whether an addendum is necessary or not, look to the contract provision that covers the issue. Many times, these types of “what if” scenarios are considered by the contract terms and can save the agent from taking additional – and possibly unnecessary – steps.”

Sanibel & Captiva Multiple Listing Service Activity November 3-10, 2017

sancap GO MLS logoSanibel

CONDOS

4 new listings: Coquina Beach #3C 2/2 $449K, Sundial West #G206 1/1 $509.5K, Sanibel Arms West #H2 2/2 $529K, Gulfside Place #323 2/2 $1.498M.

5 price changes: Loggerhead Cay #434 2/2 now $629K, Cottage Colony West #132 1/1 now $654.9K, Cottage Colony West #108 1/1 now $654.9K, Snug Harbor #312 3/2 now $672.5K, Shorewood #1C 3/2 now $875K.

3 new sales: Coquina Beach #5B 2/2 listed at $399K, Sundial West #H409 1/1 listed at $465K, Blind Pass #B207 2/2.5 listed at $499,997.

3 closed sales: Mariner Pointe #811 2/2 $420K, Sunset South #6D 2/2 $470K (our listing), Cottage Colony West #138 1/1 $570K (our sale).

HOMES

9 new listings: 1717 Atlanta Plaza Dr 2/2 $472K, 1057 Seahawk Ln 3/2.5 $699K, 700 Nerita St 3/2 $725K, 5430 Osprey Ct 3/3 $839K, 5280 Ladyfinger Lake Rd 3/2 $895K, 734 Anchor Dr 3/2 $999K (our listing), 2190 Starfish Ln 3/3 $1.3959M, 4992 Joewood Dr 3/3.5 $1.595M, 3757 West Gulf Dr 4/4 $7.595M.

Dock c

Dock at 734 Anchor Dr

 

6 price changes: 9292 Kincaid Ct 3/2 now $499K; 1040 Sand Castle Rd 3/2 now $599K; 673 East Rocks 3/2 now $688,888; 563 Hideaway Ct 3/2 now $724K; 900 Almas Ct 3/3.5 now $1.199M; 2939 Wulfert Rd 5/5/2 now $1.445M.

1 new sale: 3869 West Gulf Dr 6/7/2 listed at $8.495M.

5 closed sales: 2489 Harbour Ln 3/2 $670K, 419 Lighthouse Way 4/3 $797.5K, 6081 Henderson Rd 3/2 $740K, 2628 Coconut Dr 3/2.5 $1.2245M, 5639 Baltusrol Ct 4/4.5 $1.695M.

LOTS

No new listings or price changes.

1 new sale: 461 Lake Murex Cir listed at $349K.

No closed sales.

Captiva

CONDOS

Nothing to report.

HOMES

2 new listings: 48 Oster Ct 2/2.5 $865K, 56 Sandpiper Ct 2/2.5 $889K.

1 price change: 11559 Laika Ln 2/2/2 now $5.995M.

1 new sale: 14865 Mango Ct 2/2 listed at $929K.

No closed sales.

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.

Always Remember… Veterans… on Veterans Day & every day!flag-p-sm

Susan Andrews aka SanibelSusan