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Florida Homes Summer 2013

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as similar positive trends are seen throughout that section of Southwest Florida. For example, in Naples, year‐to‐date closed sales, in the $1.0 million and up category, have reached the highest level since 2007 with sales in this high-end category increasing 15.8% from 2012. Phil Wood, President & CEO of John R. Wood Realtors stated, "The condominium market in the $1 million to $2 million category is extremely strong." While not denying all this welcomed, positive news literally being headlined by the media, moderation and self-evaluation are still virtuous qualities and should not be overlooked. We are still in a "recovery mode" and Now Introducing... ® Easy Access Water System! Special Offer $ 9.95 1 * Our patented screen bypass water system fixes the problem without the high expense of plumber installation. Plus S&H • o more dragging the hose N through your screen door • creen door remains securely closed S • Installs in less than 10 minutes with simple tools (not included) INSIDE VIEW OUTSIDE VIEW Order NOW on our website www.billybib.com or call toll free 888-976-0966 Knowledge is Power many variables have the ability to influence the future speed and strength of our recovery. Some are concerned that the rapidly increasing prices and shrinking inventories could lead to a decline in sales. Others eye the impact of an unprecedented percent of cash real estate sales coming from private equity firms speculatively betting billions of dollars on multiple residences targeted for the rental market. Whether these or other concerns may be justified is an unknown. However, if the Real Estate industry stays on its current course, continues to avoid "gold rush mentality," and invests in the recovery progress made to date, there appears to be a great opportunity for a phenomenal year ahead. In today's uncertain economy, you can not afford to watch your hard earned savings disappear. This is not the time to put our head in the sand. Learn what assets are protected, what debt can be re-organized, and options regarding your home, modifying your first mortgage or stripping unsecured junior mortgages on your primary residence. FloridaHomesMag.com | 59

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