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THE BOEGLIN TEAM
Jim, Jan and Grif
The Boeglin Team
    Years of Experience: 7

Direct: Jim 239-287-6241 Jan 239-287-6414

Office: 239-992-0059



Company Info

Coldwell Banker
8200 Health Center Blvd Ste 101
Bonita Springs, FL
239-992-0059


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SEEING THROUGH NEW EYES

Monday, February 21st, 2011

A lot has changed in the Bonita Springs/Estero/Naples area since we first bought a home in Hacienda Village in 1981.  Bonita Beach Road was 2 lanes; Page Field was the local airport; I75 stopped in Tampa; and cattle roamed the fields up and down US41. 

Jan and I moved here permanently in 2001, and we never take our new home for granted.  We continue to appreciate the climate, the beaches, the bike paths, the golf courses, etc.  This season, we have hosted 5 different sets of house guests from “up North” who are trying to escape the harsh winter of 2011.  In addition, we are working with buyers from Illinois, Indiana, Michigan, Ohio, Pennsylvania, New Jersey, the East Coast of Florida, and Ontario, Canada.  We get to see our area through their eyes as well.

What our guests/buyers appreciate are sometimes things we tend to overlook, such as the “newness” of everything here.  Nearly everything has been built in the past 25 or so years, including the airport, roads, neighborhoods, churches, restaurants, hospitals, office buildings, schools, parks, golf courses, and retail malls.  Northerners are constantly amazed at the landscaped parkways, palm-lined streets, and lush vegetation in and around the communities.

As recently as 10 years ago, I felt more comfortable having bypass surgery in Indiana rather than Florida.  Today, I am totally impressed with the medical community that has been attracted to our area.  The medical community has come a long way in a short time, bringing some of the best and the brightest to live and work here.  I know of many situations in which “snowbirds” have opted for the doctors and hospitals in Southwest Florida rather than returning to the frigid North.

This season has reminded me why we moved here 10 years ago.  The Bonita/Estero/Naples area is a great place to call home.  

SUCCESSFUL PARTNERSHIPS

Thursday, January 27th, 2011

For most of us, life is a series of partnerships.  We partner with spouses, teachers, business associates, co-investors, and friends with varying degrees of success.  In my experience, the most successful partnerships tend to be the ones in which each partner actively participates to shoulder his or her share of the “responsibilities”.  One-way partnerships with a careless, or lazy, or ineffective partner rarely flourish.  Having practiced law with partners for many years, I have witnessed both kinds of partnerships.

For the past 10 years, I have been involved in a “partnership” with my medical doctors.  In late 2000, my GP detected a heart condition during a routine treadmill test.  My cardiologist performed additional tests and confirmed clogged arteries.  On January 30, 2001, my surgeon performed triple bypass surgery to remedy a life-threatening condition.  They all did a great job, and I owe my life to these medical partners.  I consider myself to be an active partner with them, doing my part of the job as well.  My responsibilities are to eat healthy, exercise, manage my stress, maintain an appropriate weight level, and be examined on a regular basis.  I have been a great partner with my medical team, having biked over 40,000 miles in the past 10 years.  My current level of health and fitness attests to a successful partnership.

Jan and I have worked together for the past 8 years, blending our unique talents and personalities to create a successful real estate partnership.  We support each other.  In turn, we consider ourselves partners with the homeowners and homebuyers we represent.  A successful transaction requires the effective involvement of both the Boeglin Team and the client.

For a homeowner wanting to sell, we can provide hard work, experience, marketing expertise, Coldwell Banker’s global resources, and personal knowledge and connections to get the home sold.  However, if the homeowner does not participate as well, the likelihood of a successful transaction lessens dramatically.  It is the “job” of the homeowner/partner to accept current market conditions and establish a fair price; be honest about the condition of the home; have a professional handyman or contractor address needed fixes; keep the home neat and clean; and be flexible and open about having their home shown to potential buyers.

For a buyer, the Boeglin Team can offer its local experience and expertise, educate on areas and communities, research appropriate homes to see, and visit the selected homes with the buyer in tow.  The buyer, too, is a partner whose job it is to clarify wants and needs; be honest about an affordable price range; provide documentation of pre-approval for a mortgage, or evidence of sufficient cash in the bank; and be realistic.  It is disheartening for one or both of us to spend days communicating with a buyer about wants and needs, researching appropriate communities and homes, making appointments, and driving the “buyers” to 20 or 30 homes only to find out they really can’t afford that price range.  Such disappointments can lead to a stressful dissolution of the partnership.

The Boeglin Team has an 8 year track record of success, working with both sellers and buyers.  Whether you are a homeowner wanting to sell, or a buyer looking to buy, let’s join together to form a successful partnership to accomplish your goals. 

BIKING IN FLORIDA

Monday, January 24th, 2011

There are many reasons why Jan and I love living in Southwest Florida.  Biking opportunities are high on my list of favorites.  There is always room for improvement, but I have never lived in an area that is so bike-friendly.  The combination of year-round biking climate and availability of bike paths supported reaching my goal of more than 5,000 miles in 2010.

We are fortunate to live within 100 yards of the Lee/Collier County line, and less than 4 miles from the Gulf of Mexico.  I have favorite bike routes North, South, East, and West-depending on the direction of the wind.  My personal preference is to bike into the wind first, and then coast home when I’m tired.  My rides take me as far as the Fort Myers airport to the North, the Naples Pier to the South, the Gulf to the West, and Golden Gate to the East.  Both Fort Myers and Naples have great biking opportunities.

When we have a free day, we sometimes put our bikes on the car and drive to Sanibel.  Sanibel and Captiva have wonderful bike trails for exploring the islands.  Gasparilla Island is also a good destination for biking.  Further North, the Pinellas Trail goes from the Tampa/Clearwater area up to Tarpon Springs.  The Inverness Trail is North of Tampa, and the Gainesville area is blessed with many great bike trails.

If you enjoy biking, and you live in Southwest Florida or are considering a move here, e-mail me for more specific information-or better yet, share your Florida biking experiences with me.  I will be happy to share my favorite bike routes.  It’s a great way to stay in shape and have fun at the same time. 

TRICKLE DOWN AND CREEP UP!

Saturday, December 18th, 2010

Less than 2 weeks ago, my “TRICKLE DOWN OR CREEP UP?” blog urged Congress and the Administration to work together to deal with the economic problems facing our nation and our housing market.  Little did I know how much impact my blog would have in Washington.  I didn’t even know that anyone in government read my blogs.

Sometimes our prayers are answered.  In fact, the cooperative efforts of Congress and the Administration have settled on a combination of Trickle Down and Creep Up policies.  They have agreed to tackle the sluggish economy from both directions.

The Trickle Down efforts are reflected in the extension of expiring income tax cuts to the wealthiest Americans, and a reduction in the Federal Estate Tax.  These measures could result in increased personal spending, improved corporate profits, and trickle down to more jobs for the middle class.

The Creep Up efforts can be seen in the extension of expiring tax cuts to everyone, temporary reduction of Social Security taxes on earned income, renewal of jobless benefits to the unemployed, a child tax credit, and business tax breaks designed to encourage investment.  These measures could result in increased spending, economic expansion, job growth, and a stable housing market.

So, in the spirit of Christmas, and in an effort to be home for Christmas, our lawmakers have come together with a plan that has something for everyone (with the possible exception of the deficit).  Is it a good plan?  Only time will tell.  But in my opinion, a plan is better than no plan.

TRICKLE DOWN OR CREEP UP?

Monday, December 6th, 2010

Thanks to 24/7 News channels, we are witness to a historic political debate that is raging in Washington.  The debate has grave implications for the future of the U.S. economy, and there appears to be general consensus on the goals of:

  • Economic expansion
  • Job growth
  • A healthy and stable housing market
  • Inflation under control
  • Energy independence and
  • All while closing/eliminating the deficit between revenue and expenses

The “right” approach to the economic problems facing this nation is different, based upon the particular perspective of the elected representative in Congress.  In truth, one single approach is probably not the best solution.

One perspective is that the system should be designed for the “haves” to have more, so that they can spend more and therefore stimulate the economy.  This theory pushes corporate profits to higher levels, giving businesses the ability to create more jobs.  With job creation come additional taxpayers.  This in turn should result in more tax revenues which will lead to a balanced budget.  This is sometimes referred to as the “trickle down” theory.  Benefits begin at the top of the “food chain” and then trickle down to the bottom.

A second perspective is that the system should be designed to protect and improve the lot of the “have-nots” and “middle classes”.  This theory allows for their families to pay their bills, spend their income on the essentials, and buy homes.  In turn, this will generate a higher level of economic activity, create additional jobs, bring stability to the housing market, and creep up to enhanced corporate profits and bonuses, economic growth, and higher tax revenues to apply toward the deficit.

The political debate is framed in terms of the positions on such legislation as tax cuts, unemployment benefits, energy policies, and social “safety net” programs.  I trust that the vast majority of our elected representatives have the best interests of America at heart, and simply differ on the basis of perspective or philosophy.  I pray that it is only a small group of our elected representatives who are abusing the debate to sabotage the American economy for political gain.

Until Congress and the Administration decide to work together to solve the huge economic problems facing our country, we will remain “stuck in reverse”.  There are areas of compromise that have the potential to move America forward.  As a Realtor, I fervently hope that the politicians come to their senses very soon.  The housing market can’t handle much more “politics as usual”.

PLAYING HOOKY

Friday, December 3rd, 2010

There are lots of great reasons to live in Southwest Florida.  Biking the Islands is high on my personal list of reasons to live here.  We are blessed with great bike paths all over Bonita, Estero, and Naples, but there is something special about biking on Sanibel and Captiva.

Several times each year, we plan a special bike trip.  Last Sunday, Jan and I decided to pass on our usual open house schedule and play hooky.  Our usual bike pals, Val and John, were not available so we invited Barb and Mike.  It was fun sharing our experiences and traditions with them.

It requires careful planning and lots of bungee cords to secure 4 bikes on the rack behind my VW.  Then, it’s a 40 minute drive to the Visitors Center on Sanibel and unwinding the bungee cords to free the bikes.  Once on our bikes, however, it was well worth the effort.

The 4 of us negotiated the bike paths from the Southeast tip of Sanibel to the Northwest tip of Captiva, a distance of 16 miles that took us past quaint island homes, resorts, beaches, and nature preserves. 

After a rest stop at Starbucks near the Captiva tip, we headed back to Sanibel.  Doc Ford’s Rum Bar got in our way on the return trip, and we had no choice but to indulge in a sandwich and beer.  Then, the final leg back to the VW.  If Val and John had been along, we probably would have also stopped at the DQ.

We encountered lots of bikers on the paths during our 32 mile trip.  We laughed about a “traffic jam” of 3 groups of bikers merging at an intersection from 3 different directions.  There was unanimous agreement that it was a wonderful way to experience a day in Paradise.  We don’t believe we missed any home sales because of our playing hooky for a day.

THE DAWN?

Sunday, October 24th, 2010

There is an old adage that “It is always darkest before the dawn”.  Well, the summer of 2010 qualified as “the darkest” period in most real estate markets, including Naples, Bonita Springs, and Estero.  Early indications are that this fall may be the “dawn” of a brighter time for Southwest Florida home sales.

Beginning in late September, buyer interest has spiked and contracts are coming together.  Showings of listed homes have been on the increase, possibly due to continued bargain prices in our market.  In the past week, the Boeglin Team has been involved in 5 contracts—2 with buyers and 3 with sellers.  In 2 instances, there were multiple offers.  This is a dramatic turn-around from the long, slow summer, and we feel that this could be the beginning of the end of a 5 year long downward spiral.

It is easy to simply look in the rear view mirror to predict the future.  While the real estate market was soaring upward in the 2003 to early 2006 period, many buyers and sellers just assumed that home prices would continue to soar into the indefinite future because that is what they had been doing.  Since 2006, many buyers and sellers have predicted that future home prices will continue to slide because that is what they have been doing.

If history is any indication, what goes up tends to come down; and what goes down tends to go back up.  Over a long term stretch, the trend has been upward.  It happens regularly with the stock market, and that has also been the pattern of home prices.  The successful investors/homeowners have been the ones who have bought at the lows, and/or sold at the highs. 

In Spanish Wells, almost all of the activity has been on less expensive properties.  Condos (particularly in Marbella) priced in the $200,000 range appear to be the current “hot button”, and if history is any indication, the momentum will eventually spread to the higher end of the market.  For now, we are just happy to have activity.

WHAT HAPPENS WHEN THE COUNTRY CLUB’S WOES SPILL OVER TO THE NEIGHBORHOOD?

Tuesday, September 21st, 2010

Most potential homebuyers are aware of the financial challenges facing many golf and country clubs everywhere, and especially in Florida.  As Coldwell Banker Realtors, the Boeglin Team is obligated to provide prospective home buyers with a written disclosure before showing them homes in a golf course community.  We suspect that other reputable brokers require similar disclosures.                                           

If the buyers haven’t read about the diminishing memberships, reduced services, and cut-throat competition among clubs for available golfers, then their Realtors have advised them of the precarious situation in which many non-bundled clubs find themselves.

So, what happens to home values when the future of the neighborhood golf and country club is hanging in the balance?  Many buyers want the expansive golf course views, whether or not they are golfers, or intend to join the club.  “Not knowing” what may happen to the neighborhood is a clear negative.

As a practical matter, we think it is likely that most of the troubled clubs will weather this storm, perhaps surviving in another form.  We expect that most expansive golf course views will remain.  The future form may change from private club to semi-private, or open to the public.  Some clubs may cut back from 27 or 36 holes of golf to a basic 18-hole golf course.  Food and beverage services may suffer or be eliminated all together.

What is the solution?  In our opinion, the longer the “limbo period” prevails, the greater the damage to home values.  Failing to face difficult decisions simply prolongs the agony.  The real estate market—like the stock market—can handle good news and bad news.  It does not deal well with continued uncertainty.

THE ROLE OF THE LIST PRICE IN RESIDENTIAL REAL ESTATE

Friday, August 20th, 2010

As active realtors who are familiar with the local real estate market, we usually have a pretty good idea how much a home will bring in the marketplace.  It is always an early item of discussion with a homeowner who wants to sell.  In recent years, it has often been a painful discussion that meets with resistance from the homeowner.  Our community has a number of homes that have been languishing on the market for years.

Setting the list (asking) price for the home is ultimately the decision of the homeowner.  As realtors, all we can do is provide our opinion based on the current market.  Sometimes, we turn down the listing if we feel the asking price is unrealistic.  More often, we agree to list at the inflated price with the understanding that we will have further conversation about price reduction after the asking price has been “tested” for a month or so. 

We are currently in a “buyers’ market” in Southwest Florida.  Buyers (and their realtors) are very attuned to the market.  There simply are no stupid buyers out there who will be willing to pay more than the market price for a home.  They will pay approximately the amount that similar homes (comps) in the area have sold for in the past 3 to 6 months.  A little more if they really love the home; a little less if they think the seller is desperate.  What the seller paid for the home years ago, or what the seller wants to receive today, are irrelevant to the buyer.

So, what happens when a home is listed way above its market value?  In our experience, buyers will react in one of three ways:

  • Many of them will not bother to check out the home, because it is priced too high for them to consider.  This limits the size of the buyer pool for this home;
  • If a buyer does check out the home and likes it, he or she may not be willing to submit an offer because the price they have in mind might be considered an “insult” by the seller; and
  • If a buyer does check out the home, likes it, and submits an offer, the price will not be based upon the asking price.  The asking price will be an irrelevant issue.  The offer will be based on the price of recent sales of similar homes.  Period. 

Of the possible scenarios above, two are very bad for the homeowner who wants to sell the home.  The final scenario is neutral with regard to the list price—it simply was not a factor.

The Boeglin Team does research on the current market, and provides an honest, realistic opinion on the listing price.  Pricing the home at our recommended level is not a guarantee that the home will sell in the next 30 to 90 days.  However, it does mean that the maximum number of buyers will be considering the home.  The larger the buyer pool, the better the chance for it to sell.

BUYING UNDER FAIR MARKET VALUE … MYTH OR REALITY?

Monday, August 16th, 2010

Everyone is aware that the fair market value of Southwest Florida homes has dropped dramatically in the past 4 or 5 years.  Is it possible for a buyer to purchase a home for even less than its depressed value?  Absolutely, if the buyer is willing to accept an “as is” foreclosure or short sale, with all of the attendent risks and hassles.  Possibly, but not likely, if the buyer wants a nice, well-maintained home in a desirable community.

“Fair market value” is usually defined as the price at which a willing buyer and a willing seller agree.  There are some sellers who are more willing, or motivated, than others.  It has become a common technique for buyers to make verbal, not-binding offers in an attempt to “smoke out” a desperate seller.  Some buyers will float several such offers at the same time.

Does this technique work?  Rarely.  Most homeowners who are not distress sellers have already adjusted their sights to extremely low levels.  They do not respond well to a fishing expedition that is an additional 15% to 20% below the currently depressed fair market value.

The Boeglin Team recently experienced this scenario with one of its condo listings in Spanish Wells.  The buyers were very specific in their requirements:  second floor; coach home with 2 car garage; 3 bedrooms plus a den or loft; in great shape; preferably turnkey furnished; and not a short sale or foreclosure.  And they wanted it at the going price for short sales and foreclosures.  They began with a verbal offer that went nowhere.  A week later, their realtor put it in writing.  Sellers responded to the written offer with an extremely fair counter offer, but still 10% above the demands of the buyers.  The result?  The buyers are missing out on owning a great coach home that is just what they want, at a great price—just not a “steal”. 

During the “market bubble” of 5 or 6 years ago, some sellers were too greedy and ended up failing to sell their home at all.  Today, some buyers are being too greedy and will end up failing to buy a home at a bargain price.  There is something to be said for fair market value.

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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