Gregg Fous's Blog Posts

Should you buy now? Is it a Sellers market?

Should you buy now? Is it a Sellers market?April 17,2022First of all, I do not know you, your objectives, or your financial situation, and I am just a guy that loves real estate and writes about it

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Get on the Escalator

 “BUY NOW, LIVE IN LATER” OR “GET ON THE ESCALATOR”                     07

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Life Expectancy Chart for Florida Homes

InterNACHI's Estimated Life Expectancy Chart for Florida HomesThe following chart details the predicted life expectancy of appliances, products, materials, systems and components for homes in the

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To me passive income is king; cash, not so much or for so long.

To be clear, I do not believe a housing crash is imminent, however there are some factors that are pointing to a crisis coming perhaps by the end of this year. This crisis may not be for you and me,

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Interest rates and the cost to build

The interest rate that your bank pays and the interest rate that you borrow for your mortgage are closed correlated, but in today’s hot market,  supply and demand are also having an

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The Perfect Real Estate Storm

The Perfect Real Estate StormYears ago, I wrote an article I called The Snow Flake that Started the Avalanche.  It was about the factors that caused the real estate bubble to burst on August,

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In a Bull Market, be a Bull.

In a Bull Market, be a Bull.“It’s a sellers market. I don’t want to buy now and risk paying too much”. Perhaps you have heard someone say this, or perhaps you yourself are

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WHO DOES YOUR AGENT WORK FOR?

WHO DOES YOUR AGENT WORK FOR? (MAKE SURE IT’S YOU) Many years ago when I was living in Cincinnati I went to a business luncheon and the Key Note Speaker was a local journalist and ex

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It takes Courage to be Rich

 There is a chapter in the book, “The Millionaire Mind”; (Thomas J. Stanley, Phd; Andrews McMeel Publishing, 2000) about the relationship between courage and wealth in this country.

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Eagle Reserve Website Coming soon

Expectation Gap here in Eagle Reserve Note: Here are links to some important docs for Eagle Reserve HomeonwersHOA DocsFencing GuidlinesArchitectural PolicesMost references to the &ldquo

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Where should you buy a home in Florida and why?

Where should you buy a home in Florida and why?Let’s face it. Florida is a retirement and second home meca. If you are considering a retirement location, a location to own a vacation rental,

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Four Questions you should Answer

For most of my career I traveled a great deal and Thanksgiving marked the period at the end of the year that I traveled less and spent more time at home with family.  I moved to Fort Myers

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Four Questions you should Answer

For most of my career I traveled a great deal and Thanksgiving marked the period at the end of the year that I traveled less and spent more time at home with family.  I moved to Fort Myers

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Four Questions you should Answer

For most of my career I traveled a great deal and Thanksgiving marked the period at the end of the year that I traveled less and spent more time at home with family.  I moved to Fort Myers

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These investor rules should be printed out and re read

Gregg’s 25 Real Estate Investor Rules. 1.                        

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Some Planning for the future (in Real Estate)

I normally write this column every Sunday morning. I started it in 2001 at at the peak of the real estate boom.  It gained about 30,000 subscribers. I purged it down to just my 2000 or so

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What you need to know about the housing market and appreciation.

What you need to know about the housing market and appreciation.I'd like to talk today about the housing market and what and what's going on locally. I have always said that all real estate is local

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Did you ever hear: “If you find a good deal, call me.”?

I hear it often, and I would like to talk to you about it today. If you are a real estate agent, you have heard this statement. If you are an investor, you perhaps have posed it to an agent or

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Real Value Investing in Real Estate

 Real Value Investing in Real Estate  Years ago my  brother Bill and I owned a beach house on Fort Myers Beach on Third Street, just down from Moss Marine. Buying it is a story

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Some facts to chew on in the SWF Florida Real Estate Market

 Some facts to chew on in the SWF Florida Real Estate MarketThis May, 2020,  houses closed at prices 96.5% of the asking price in our local market (Lee County Florida). This number is was

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Let’s move some Real Estate. AS IF !

Let’s move some Real Estate.  AS IF !I’ve told this story before of my ride home from the office to be with my wife Gail after I watched the first World Trade tower get hit by

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Are you a real estate agent going into lockdown? Here is a list of things you can do to stay sharp.

 • Take an online class • Teach an online class • Clean up your CRM • Update your cell phone contact list • Write an email campaign • Write a text campaign •

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Looking Forward Past This COVID-19 Crisis – some concrete advice

I’m not going to bore you by repeating what you may have heard from many advisors: “Don’t worry we will get through this.” You, like me, are tired of hearing this. You need

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Focus, Fous. Focus.

Magnifying glass in hand, over a half century ago I sat down in a sunny patch in the back yard and felt the embracing warmth of the sun. The sun felt comfortable and inviting and certainly not too

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Ten Things you should consider before you decide what home to buy.

I’ve sold, as a real estate broker, 100’s of homes. Over the years I have seen mistakes and fortunately many successes.  Today I will share some things that I have learned that you

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Top ten Home Buyer Mistakes

It's your money - your life - make it your decision - so don't count on others.  Buying a home or an investment property will most likely be the most important money decision you make in

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The Superman Complex

For Christmas one year we bought our grandsons Spiderman and Superman underwear.  These two-year-old boys became their heroes when they donned the colorful underwear. They could run faster,;

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HOA and CONDO FEES, a PRIMER

Here in Florida we have many homeowners associations (HOA’S) and condominium owners associations (COA’s). Along with these associations come the fees necessary to run them and the

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Gregg Fous and his 25 Real estate Investor rules

1.       You make money when you buy, not when you sell.2.       Know how you are going to get out before you get in.3. 

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Want to know how to sell your home? Here is a Secret.

You want to know what the secret is to selling your home? It’s attitude.Oh sure, there are things you can do to help sell your home in a more frictionless manner (quickly, with no speed bumps,

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THE SNOWFLAKE THAT CAUSED THE AVALANCHE IN 2005-7

What caused the residential real estate “slow down” and what will precipitate it’s revival?  (Originally written by Gregg Fous in 2007) I would like to share with you

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The opposite of love is?

This morning while I was reading the morning paper I had the TV on. A movie based on the novel,  The Fountainhead, by Ayn Rand,  was playing on TV.  It’s easy to multi-task when

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Home Buyers wish list – top ten new home feature trends for 2020.

Home Buyers wish list – top ten new home feature trends for 2020.Gregg Fous is a top producing real estate broker associate with EXP Realty, LLC, currently the second largest brokerage in the

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Sourdough Pancakes

The truth should not hurt the pancakesDuring World War Two my father was a purser on  Liberty Ship. The Liberty Ships were hastily constructed cargo ships that were manned by 36 to 81 Merchant

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If you don’t care if you win or lose, why are you keeping score?

If you don’t care if you win or lose, why  are you keeping score?Vince Lombardi is crediting with saying, “If it doesn't matter who wins or loses, then why do they keep

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Our new TV brought me an “Ah Ha” moment

 Humans are willing to spend money irrationally for an anticipated future perceived convenience. I want to share with you a clarity in thinking that may have immerged in my life recently about

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Is a Sucker born every minute?

The quote "There is a sucker born every minute" is often attributed to that great showman, P.T. Barnum; but the famous line was  in fact uttered by one of his competitors. (Story here) Fact is;

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Capital Needed for Investing in Real Estate

Capital needed for Real estate InvestingI’m running out of all three kinds of capital.“No Money Down!”  “Take this course and you will be rich in a year!”  We

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Doing More with less

Land; What it is Good For? Video Introduction by Gregghttp://vid.us/nxhmgr Today I want to focus on a trend.  This trend has been evident to me since I have been in business, mostly

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Remember to reward along the way, not just at the end.

Remember to reward along the way, not just at the end.Gail and I live on a golf course; more specifically, what used to be the twelfth fairway at Fort Myers Country Club and is now between the 12th

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Houses, like people, need to be properly maintained.

Houses, like people, need to be properly maintained.I recently replaced my hot water heater. I did it myself. There was nothing wrong with the 14 year old  water heater but it has exceeded its

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Five things you need to know about buying a condo in Florida

1.Who IS the developer?  Florida has a very strict successive developer law.  Before you buy you retirement condo you need to know that  the developer that is responsible for

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A Stand Up Guy

I’m in the middle  of reading a biography of Elon Musk by Ashlee Varge, (2015 Harper Collins). I had to put my Kindle down this morning  to pen my weekly email.

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Technology and the Real Estate Buying Process

 I've come to enjoy saying that the Real Estate Market has changed and watching the person I am talking to immediately start nodding their head. The same kind of nod I get  when I tell one

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A Bucket or a Bladder?

The Three Elements of Capital for Buying Real Estate – A Bucket or a Bladder?I am taking a continuing education course for my broker’s license. During a discussion of what it takes to

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Passion, Inspiration, and Real Estate?

I saw a video this week that inspired me.  I have posted it on our website (How to Inspire Leadership). The video is 18 minutes but worth the time. It was a presentation given by Simon Sinek,

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Retire to Florida

My mom and dad retired in 1971 which was the year that I graduated from high school. On the same day that I left for college; Mom and Dad left for Florida in search of the first page in the next

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Just find me a good deal

The two questions I hear the most often from clients and friends alike are, “How’s Business?”  and “Can you find me a good deal”. The good news is that both

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Things you should know about your advisors, but don’t.

 First let me get my real estate related background out on the table. I first got my real estate license in 1973. I took the class here in Florida hoping to learn something about real

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The Affirmation

THE AFFIRMATION: "THAT SUIT LOOKS WONDERFUL ON YOU"  There I am standing in one of those mirrors that as a kid I would play in and stick my head into and look at a zillion of me.;

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Find Your Own Cat Pee

Years ago, when I first started looking for homes to renovate and either rent out or fix up and  resell, I would tell my agent to find me homes that had cat pee on the carpet. You see, I

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I can’t not get you that.

 My father used to tell a story that I enjoy telling my grandkids. It was about a man that went into an ice cream parlor, sat down, and ordered an ice cream sundae. “How would you

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UNDERSTANDING WHAT CAP RATES ARE

UNDERSTANDING WHAT CAP RATES ARENo CommentsSaveLast week one of my clients that buys real estate in Florida told me that he would like to raise some cash to pay his impending federal tax bill. He

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Investment Advice

Many of you know that I spend I good deal of my time on investment real estate. I thought I would share with you some of most repeated Real Estate tips.  You make money when you buy, not when

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Spend money on the home you own

Gail and I are on vacation for a few weeks.  We are nestled along the Nottley River in North Carolina, de- compressing and relaxing. The fall colors are starting to pop and we just had a week

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Four Point Insurance Inspections

Certified Four Point Insurance InspectionsThe Four Point Insurance Inspection was created after Hurricane Andrew struck Florida in 1992. It is performed on behalf of the insurance companies on real

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An Asset versus an Income Investment

Real Estate Investing: Income Approach and Value ApproachIncome investingYears ago my brother Bill and I owned a beach house on Fort Myers Beach on Third Street, just down from Moss Marine. Buying

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Top Ten Things you should inspect in a home before you close.

In Florida’s rising prices, multiple offers, and urgent buy signals, some home buyers today are being hasty and too superficial when making inspections. If indeed they make them at all. There

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Auctions

What Is homebidstoday?homebidstoday is a Hybrid between real estate auctions and traditional real estate. We took the best features from real estate auction and traditional real estate and

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Sell your home in ten days

Blog from Angela Hern of HomebidsImagine you are contemplating selling your family home? You could go through the traditional channels; find a real estate agent, set a price, put it on the

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Nature Abhors a Vacuum.

I seem to remember being taught this simple concept in high school science class.  The concept has been reverberating in my head now for the last few months. Nature Abhors a Vacuum. 

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Two real life home search examples

Over the past month I had the pleasure of working with two buyer couples, each looking for a home here in the Fort Myers area. One was a newly retired couple, the other just getting into their

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THE POWER OF CASH IN NEGOTIATING

Back in 1997 I bought my first Mercedes. I had been doing well for the previous  few months and Gail and I were looking for a "fun" car. While I was out test driving a Porsche Boxter, Gail

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Save money on your next Real Estate Deal

                                               Writing my weekly

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Negotiating ? Go beyond price

As the real estate market is heating up here in Florida it’s time to review your negotiating skills. Here are some things to consider when you make an offer.  Remember, it’s

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Mattresses are very unsafe; most people die on them.

How much are you willing to spend? Buying a mattress or a house.I thought buying a car was a royal pain in the “you know what”. Until yesterday, walking into a car dealership to buy a

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Owning a Vacation Rental

Gail and I purchased a vacation rental in North Carolina. It’s a cottage we have dubbed “Otter Cottage”. We kinda like the idea of the cottage having a theme, one we can decorate

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A checklist for buying a home

Top factors that should be considered when buying a homeWe are emotional beings.  Every day we make decisions that effect on our futures; some large,  some small, some

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Nothing happens until somebody…..

Nothing happens until someday produces something; that’s what O.R. used to say.“You can’t sell it until you have it, the company runs on the engineers and production”. O.R.

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Assumptions and their Importance in Real Estate Investing and value prediction

A few days ago one of my agents sent me a text asking me what she should tell her client the appreciation would be at a certain condo project. I tried to think of an answer that I could distill into

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“BUY NOW, LIVE IN LATER” OR “GET ON THE ESCALATOR”

 Last evening, I met a charming couple from Scotland. They were interested in investing in a condominium in Florida. Rod, the husband, told me that he would like to buy a condominium or a home

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Thinking of become a landlord? Some things you should know.

Thinking of  become a landlord? Some things you should know. The disparity between personal income and housing costs over the last few years has created many renters – and of course,

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How to come up with a sales price for your home

“What is my home worth?”, you ask your real estate agent.  What you really want to know is what can you sell it for, in a time frame that makes sense.For let’s get one thing

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Why build energy efficient homes if the only people that can afford them are the wealthy?

I get it, electricity rates are constantly rising. Not using electricity is good for the everyone (except maybe the power company).   But today achieving almost sero energy costs in a

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The Three Elements of Capital for Buying Real Estate – A Bucket or a Bladder?

I am taking a continuing education course for my broker’s license. During a discussion of what it takes to invest in real estate, the topic turned to raising capital. As you already know, I

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Investing in Real Estate or Speculating in Real Estate – What is the difference?

         Today I want to talk to you about the difference between investing and speculating. Late night TV  shows and radio advertisement promises not

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The Technology Turkey and your house.

My Acura MDX is about to turn 120,000 miles. It’s a 2012 model and was, at the time, manufactured with most, if not all, of the best technology available in a car: Adaptive cruise control,

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What are Gregg's Ten Real Estate tips?

What are Gregg's Ten Real Estate tips?1.    You make money when you buy, not when you sell.  Take your time buying. You only get once chance to do it right. This is the time

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In real estate, builders are doing more with less. Also: The “Performance Home”

In real estate, builders are doing more with less. Also: The “Performance Home” Today I want to focus on a trend.  This trend has been evident to me since I have been in

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Stock Market or Real Estate?

Is it Time to put stock market money into real estate?To say the recent stock market has been volatile is a gross understatement. If you are like me you are looking to take money out of

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This is what Florida is all about

I’ve been working many hours lately and have lost sight of why I came to Florida in the first place. I rediscovered it a little bit this weekend.First of let me tell you this, no matter what

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Buy a Florida Home by the Square Foot?

The price per square foot is a good rule of thumb to compare several homes you may be previewing.  Once you see a difference in the price per square foot – you need to determine WHY there

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Top factors that should be considered when buying a home in Florida

We are emotional beings.  Every day we make decisions that affect on our futures; some large,  some  are small, some are reversible, yet others are not so small and some

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Rewards Along the Way – or all at the End? The Golf Ball Hunter.

Gail and I live on a golf course; more specifically, the twelfth fairway at Fort Myers Country Club. We have a screened-in porch as well as an open deck off the eastern facing rear of the house

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Train Your Gut

I got to thinking about the reasons that give one person the right to succeed in real estate. For the purposes of this discussion I will define success very broadly;  To do better than

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Immersion Investing

Immersion is a technique I use in my investing. It works for me and it may work for you. Actually I am a total immersion guy. I immerse myself in any task that I deem worthy of total and complete

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Five Steps to Success

As I was reading a book by developer Jorge Perez about how to be successful in real estate, (Powerhouse Principles, The Billionaire Blueprint for Real Estate Success; Celebra, 2008) it struck me

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Listen to the Music

Ultrarunner Karl Meltzer set a new supported speed record for the Appalachian Trail on Sunday, September 18,2016 completing his southbound trek in 45 days, 22 hours, and 38 minutes. I

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,,,a pebble in my shoe.

I am always impressed with people that can run with a pebble in their shoe. That’s my expression for someone that keeps on “keeping on” despite not having the best tools and

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What makes you feel good?

I have been writing this blog about real estate and other things that interest me since 2001 (Since before it was called blog). If I didn’t enjoy it, I wouldn’t do it.On most Sunday

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Is New Better? Sometimes it is.

The Southwest Florida Real Estate Market is characterized by dwindling inventory, rising prices, more cash buyers amid low cost borrowing, concern about future holding costs (energy and maintenance)

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Sunken Costs in Real Estate

I would like to share a quick anecdote about the value of your real estate.My wife and I rented a movie the other night on Xfinity.  The price was $6.99. Once I confirmed the “buy

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I’d quit, but I’m too lazy to do that.

I often joke that I’m going to work through lunch on the day they bury me.  I just flat out love what I do. To quit now would take too much effort.    All my sales career I

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It is easy to be a success.

It is easy to be a success.  You see, success is the attainment of a goal, the reaching of a certain standard. You can’t simply say, “He is a success”. Or “it was a

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Let’s talk about leverage

Let’s talk about leverage                                             

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The Battle of the Superlatives

I'm sure it started out long before I noticed it as a kid.  I'm talking about the battle of the superlatives.There was a Dairy Queen in Emerson New Jersey when I was a kid. As a treat

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Buying a condo in Florida – A look at price per square foot and monthly fees.

The price per square foot is a good rule of thumb when comparing several homes you may be previewing.  Once you see a difference in the price per square foot – you need to determine WHY

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