200th Agent Added to Amerivest Realty Naples Florida

Set as a goal for 2005 and achieved with a month to go, the Naples office of Amerivest Realty announced the addition of the 200th agent/client. The office, opened in the fall of 1998, has never merged or acquired any other brokerage. Each client was added one at a time, based on the value Amerivest Realty can provide its independent contractor/members. It's a real confirmation of the success of our business plan, especially since we don't penalize agents if they want to leave the company. There is no one with Amerivest Realty who doesn't want to be there. This is especially important in maintaining a very positive attitude and air about our company.

The Naples office is now poised to become the leader in the Naples market as it's planning a second 12,000 SF facility in the heart of Old Naples. When we first opened in Naples we chose a part of town that had little competition. Now we are ready to go head on and see what happens. We look forward to the challenge.

October 2005 Naples MLS Stats Reported

MLS statistics released for improved residential property (not lots). Inventories continue to rise as the pace of pending sales continues to slow. Two months does not make a trend, but we can now say our market is taking a breath. We would classify this as a market coming back into balance after several years of a "Sellers Market".

Closings For The Month Of
Oct 2005: 480
Oct 2004: 571

YTD Closings From
Jan-Oct 2005: 7,815
Jan-Oct 2004: 7,686

Pending For The Month Of
Oct 2005: 355
Oct 2004: 633

YTD Pending From
Jan-Oct 2005: 8,260
Jan-Oct 2004: 7,587

11-17-2005 Inventory: 4,612 (approx. a 5 month supply)

Active (active and pending with contingency status) residential inventory in all Naples areas as retrieved from SunshineMLS today.

Bonita Shores Community Profile Created

Amerivest Realty has added a new community profile to its system:

"Bonita Shores is a beach and boaters paradise located in Collier County. This unique community is west of U.S. 41 and only minutes to the beautiful waters and sandy beaches of the Gulf of Mexico. The mid-20th-century homes in Bonita Shores mix with newer Mediterranean architecture. The community clubhouse and boat launch facility make Bonita Shores a rare find ".

For more information and to view properties for sale in the community visit:

http://www.amerivestrealtyofnaples.com/Bonita-Shores

Insurance Coverage Adequate?

Hurricane Wilma reminds us to think about the possibility of severe damage occuring to our home. What would the cost be to replace or rebuild and would it be covered by our insurance? If you haven't done so lately you should check the amount your home is covered for and determine if it may need to be increased. For example, a home built in 2000 now costs approx twice as much to build in 2005. If you are basing your coverage on what you paid even 3 years ago, you may be unprotected.

When determining the appropriate coverage, speak to a real estate professional about what it would cost to rebuild your home today and insure that you have adequate coverage for any potential disaster.

Economic Update

U.S. Economy
Personal Income Skyrockets During September

Monday's report of a 1.7 percent increase in September personal income caught analysts by surprise. Previous estimates had ranged from a 0.2 percent decline to a rise of 1.5 percent, with a consensus estimate of a 0.3 percent increase.

Although half of this income figure increase reversed a 0.9 percent August downturn, this number is sure to raise the specter of cost-push inflation, the Federal Reserve Board's major concern when pushing up interest rates.

Most of the income bulge came from the service industries. Rental income, which showed an increase of $193 billion in September, reversed a decrease of $202 billion in August. A significant part of these reversals were influenced by August uninsured loss estimates of residential property from the impacts of the hurricanes.

Real Estate Watch
Realtors® Raise Alarms Over Real Estate Tax Proposal
As President Bush’s advisory Tax Reform Panel completes its work, the board of directors of the National Association of Realtors® today formally voted to oppose proposals under consideration by the panel that NAR believes would drive down real estate values, have a devastating effect on the nation’s housing economy and negatively impact the nation’s economy.The value of the nation’s residential property could decline 15 percent or more if President Bush’s tax reform panel’s expected recommendation to convert the mortgage interest deduction (MID) to a tax credit takes effect, according to preliminary projections by NAR’s Economic Research Division. The housing sector accounts for about 15 percent of the nation’s Gross Domestic Product.
Sources: The Desert Sun, National Association of Realtors

Product Highlight
7/23 Balloon
More Buying Power
Lower Costs
Lower Interest Rate
Lower Monthly Payment

Payments are based on a 30-year amortized payment.
Borrowers have a “Conditional Right to Refinance” at the end of the 5 or 7-year balloon term.
“Conditional Right to Refinance” feature dramatically reduces documentation, pre-qualification and closing costs usually associated with refinancing.

Plus, get convenience and speed with HomeBanc’s in-house underwriting and approvals.

For additional information, please contact: Jo Beth Nicoll at jnicoll@homebanc.com The mortgage information contained herewithin is subject to change. Please contact your HomeBanc Mortgage Consultant directly for the latest information.

Boaters Delight at $519,000

Bonita Shores is all about boating and the beach! The deeded boat launch/ dock facility is a boaters delight. The beautiful waters and sandy beaches of the Gulf of Mexico are only minutes away. This very special home was designed with beautiful landscaping, heavy duty custom fencing, private 10x40 concrete pad for secure RV/ boat storage, and double driveway for easy access. Enjoy the hugh 14x38 lanai and your very private backyard. Plenty of room for a great pool. FREE HOME WARRANTY.

Offered for sale by Eydie Heller & Bob Chapman of Amerivest Realty
For more info go to www.eydiebob.com/205101688