Cape Coral FL real estate, Ft Myers FL real estate

If you are on the fence about buying a home & financing it through FHA, it would be a good idea to move forward with the plan right now.  The curtain is closing on easy qualifying and low down payments.

Changes coming:

1.  Down payment requirement will rise to 5% from the 3.5% minimum currently.

2.  Qualifying credit scores will rise from 500, but how high the minimum will be has not been determined.  Those making a minimum down payment will need a higher score.

3.  Sellers will be able to provide only 3% of the homes cost as a contribution to closing costs, as opposed to the 6% contribution they can make now.

4.  There will most likely be higher prices for mortgage insurance.

Some members of the committee wanted FHA to institute risk-based pricing, which would allow the to charge more for high risk borrowers.  That's the story right now.  In the future, when the rules are sorted out, qualified buyers will still be able to get an FHA loan.  It will just cost them more.

If you are interested in buying a home with FHA financing....now is the time to call me!  Also, ask about the down payment bond loan assistance program!

Annette Rubink - 239-770-4152

www.annettesellscapecoral.com

annetterealtor@att.net

-  71% of GREEN buyers are female, outranking men significantly

-  2/3 of GREEN buyers have an annual income of over %50,000

-  The average age of the GREEN buyer is 45.  However, the age distribution is widespread, indicating that there is a wide variation in the ages of GREEN homeowners

-  More GREEN homeowners are married & highly educated.

A survey done by McGraw-Hill Construction indicates that the 3 strongest reasons behind the purchase of a GREEN home are:

1.  Operational cost savings

2.  Environmental concerns

3.  Occupant health.

Additionally, a number of incentives may play a factor in the purchase of a GREEN property such as lowering operating costs, superior performance, and preferred mortgage rates.

Also, there are many reasons that a tenant may seek GREEN buildings for their office space.

1.  Indoor air & environmental quality improvement

2.  Corporate environment commitment

3.  Value of public relations & free publicity

4.  Greater workforce productivity

5.  Operational cost savings from energy efficiency

More GREEN news to follow in upcoming posts.

Annette Rubink/Realtor

Southern Premier Realty

239-770-4152

www.annettesellscapecoral.com

annetterealtor@att.net

Fully Furnished!

• 1,226 sq. ft., 3 bath, 2 bdrm 2 story - MLS® $150,000

Amberlake, Fort Myers  -  This condo is fabulous & the tasteful furnishing stay! Custom wood every where you look, stairs & stair rails, built in cabinets for TV, beautiful new tile on floor, sliders in each bedroom that lead to the freshly painted open balcony with views of the lake. Downstairs balcony is screened in for your comfort. The outside complex features 2 tennis courts, a lake with fountains, community pool with plenty of chairs, a very nice BBQ picnic area for entertaining! This unit is impeccable, come see for yourself.

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• 6,719 sq. ft., 6 bath, 5 bdrm 2 story - MLS® SALE PENDING $875,000 - Awesome River Home!

SE - Units 1-2, 4-6, 8-10, 13-15, 26, 27, Cape Coral  -  Wow, Excellent River views from almost every room! Grand entrance boasts your first view of the beautiful Caloosahatchee River! Location is the only word needed here but we can go on! There are actually 4 master suites in this home! Roof was just installed & has a transferable 7 year warranty, fresh painted pool deck, new mulch, Mansard cage installed in 2005. Upstairs has 2 master suites one with a balcony that has its own private entrance with a spiral staircase! One master downstairs has a roll in handicapped shower. Pool/spa area has gazebo and outdoor shower! Furniture is negotiable. It just doesn't get any better than this! Washer does not convey.

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