4947 TAMIAMI TRL N # 204 NAPLES, FL 34103 Get Directions
4947 TAMIAMI TRL N # 204 NAPLES, FL 34103 Get Directions
Florida’s leading real estate company representing Bank foreclosed Properties (REO’s). The president of our company, Mr. Anthony F., Mansolillo is a Florida licensed Real Estate broker as well as a Liquidation Auctioneer. I have 40 years experience in Real Estate. My experience is varied I started my career with Fleet Financial as a asset management and liquidation specialist for the first 10 years. 21 years ago I came to Florida and have in current market area since. During my career I have handled properties in excess of $5,000,000.00 per deal.
Because we research the market and pick and choose investments for our clients based on the clients exit strategy. We know when we put a client in a property we can get him out quickly and with a profit.
I think that the prices have just about bottomed. Once they are down to half the cost of bricks and mortar plus basic land it’s just about there. This is based on the previous two cashes. Also in good markets such as Naples you can already see that the market availability has begun to shrink ever so slightly. (reference; News release by NABOR that Jan 2009 a 5% shrinkage against Jan 2008). That’s no reason to raise flags because its only a .004.7% per month absorption and the market is huge but in my experience I see that as the bell weather of the bottom, however we may sit here a while.
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