While Florida still has the highest foreclosure rate in the nation, July 2014 showed a drop of 30% over July 2013. Home sales in Florida have been somewhat flat and property prices have begun a slow increase. Southwest Florida home sales, and homes sold in Punta Gorda, Port Charlotte, Rotonda, Venice and Sarasota have gained in price, the uptick is not dramatic. Because foreclosures are dropping and mortgage companies are often renting homes or renovating them, the sale price of foreclosure properties in Southwest Florida is not a great deal different from person to person sales. In addition, person to person sales are much easier to negotiate and an owner / seller is much more likely to cooperate if a buyer needs an extra week to close or another consideration.
About Jim Mulligan
Jim Mulligan was born in New York and grew up in New England. He began his professional career as a meteorologist in the power generation industry. In the 1980s, Jim bought a small lawnmower dealership in North Carolina and within the first year became one of the top ten Honda Power Equipment dealers in the United States. Jim added motorcycles and other recreational items to the store’s inventory. Over the next several years he increased sales six fold. Jim is an avid sailor. He moved to Florida after selling his North Carolina business to take advantage of the area’s great sailing. He has cruised the waters of Charlotte Harbor and has found excellent anchorages near Captiva, Pine Island and Gasparilla Island.