On the fence think of buying a home.

Still sitting on the fence waiting for prices to drop…even further? Although many markets have seen prices drop significantly, most experts agree that additional drops in home prices will not be terribly significant, and in fact some markets have seen prices increase. Yet, many future homebuyers are still sitting on the fence waiting for prices to decrease even more and are not ready to jump in right just yet. They just don’t feel confident in the housing market and are afraid that after they purchase, the value of the home will go down. A Naples, Florida based homebuilder, Kaye Homes has come up with a solution. They are offering a “Price Guarantee”. It is a form of value insurance. Here’s how it works. If you sign a contract today to build your new home with Kaye Homes with a purchase price of $350,000. Within the time your home is permitted and built, if your appraisal comes in lower than your original purchase price you get the difference back. So if the approved appraisal at the time of occupancy, which is usually from 9 months to 1 year comes in at $340,000 then you will get back $10,000. Kaye Homes is showing a significant amount of trust in the Naples housing market. They feel pricing has hit rock bottom and equity will once again start building. Another program Kaye Homes has just introduced for those fence sitters is the Employment/Disability Insurance program. If you become disabled or lose your job (unless due to cause) Kaye Homes will pay your mortgage payments for up to 8 months on one of their new homes. To learn more about these Kaye Homes “Get off the Fence” programs and about your next home visit http://www.kayehomes.com/ or call 239 455 1007.

THE BEST TIME TO START BUILDING EQUITY IS TODAY

That California home you purchased for $26,000 in 1970 may be worth $12 Million. That’s right, as crazy as that sounds, if real estate appreciation continues for the next 38 years as it did for the last 38 years that is exactly what that home will be worth. We saw an increase of 2,165% since 1970. Weathering all types of economic storms, recessions, inflation, stock market lows, wars, higher unemployment, higher mortgage rates, there was still this incredible real estate increase. It is truly amazing, but experts see no reason why this trend wont continue. Comparing the costs of other items such as gasoline, in 1970 a gallon of gas was just 36 cents, and we all know where we are headed today, to $4 per gallon. Also, the median household income in 1970 was $8,730 and today we are nearing $50,000 per family. As Naples, Florida custom homebuilder, Kaye Homes, states, “If someone is thinking of buying, don’t wait, you can start building that equity today. The Naples real estate market has been one of the hottest markets for the past 20 years, and there is no indication that will change any time soon, it’s a great time to buy”. According to the past and projected increases, the home mentioned above we were talking about will increase nearly $6,000 per week, or $300,000 per year. Pretty amazing. So, if you wait, you may be missing out on these huge increases. Home prices do not go down and stay down. There are certainly corrections being made currently, but any more decreases are insignificant compared with the significance of increased equity. Voted Florida’s Best Builder, Kaye Homes is Southwest Florida’s largest locally owned homebuilder. Since 1985, Kaye Homes has built over 3,000 homes for satisfied customers. With two model centers in Naples, Kaye Homes continues to provide unequaled value and quality for today’s homebuyer. Our Personalized Homes present the finest custom luxury homes, priced from the $600s to $2 Million. Our Performance Collection of Homes personifies value for the first time homebuyer and more price conscious buyer, priced from the $200s to $500s. Plus we have a wonderful selection of Showcase Homes ready for immediate occupancy priced from the $200s to $800s. For more information and to find your next home please visit us at www.kayehomes.com Or call 239 455 1007.

CONSUMER CONFIDENCE IN FLORIDA IS UP

The US Consumer Confidence Index (CCI) is issued monthly and is the measured degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending. The Federal Reserve looks at the CCI when determining interest rate changes, and it of course it will affect stock market prices. Nationwide, February’s CCI fell 12.3 points. With this in mind it is very good news for Florida indeed that the University of Florida Survey Research Center found that consumer confidence in the sunshine state rose 4 points. The Center believes the rise is due to the passage of the stimulus package that will result in payments to a majority of Florida households as well as the passage of the property tax amendment that was supported overwhelmingly by 64 percent of the voters. Stuart Kaye, president of Kaye Homes, a Naples, Florida based homebuilder believes that one of the key factors in the real estate turnaround is consumer confidence. While the rest of the nation is showing a drop in consumer confidence, Florida showing a rise in confidence says quite a lot about the strides being made to confront the current market situation. Buyers who have been waiting on the sidelines should feel more comfortable now with this very positive news, the 25 percent property tax savings amendment and the stimulus package, and with prices stabilizing they should be jumping into the market at greater regularity. With interest rates declining as well, Florida homebuilders should be seeing a rise in sales as we head into the summer months. Voted Florida’s Best Builder, Kaye Homes is Southwest Florida’s largest locally owned homebuilder. Since 1985, Kaye Homes has built over 3,000 homes for satisfied customers. With two model centers in Naples, Kaye Homes continues to provide unequaled value and quality for today’s homebuyer. Our “Personalized” Homes present the finest custom luxury homes, priced from the $600s to $2 Million. Our “Performance” Collection of Homes personifies value for the first time homebuyer and more price conscious buyer, priced from the $200s to $500s. Plus we have a wonderful selection of “Showcase” Homes ready for immediate occupancy priced from the $200s to $800s. For more information and to find your next home please visit us at www.kayehomes.com or call 239 455 1007.