• Home
  • What Makes a “Waterfront Specialist”?
  • Buyers
    • Buying or Selling a Luxury Home
    • What You Should Know About Short Sales
    • What You Should Know As a Buyer When Attending an Auction
    • Who To Consider When Buying a Home?
  • Sellers
    • Buying or Selling a Luxury Home
    • What to Look for in a Realtor When Selling Your Home?
    • What You Should Know About Bank Owned Properties
    • What You Should Know About Short Sales
  • About Us
    • Contact Us
    • Privacy Policy
  • Testimonials

The Gary Cardillo Group

Your Punta Gorda Waterfront Specialists

  • Office Listings
  • Homes for Sale
    • Port Charlotte Homes
    • Punta Gorda Homes
    • Punta Gorda Isles Homes
    • Burnt Store Isles Homes
    • Englewood Homes
    • North Port Homes
    • Sarasota Homes
    • Venice Homes
    • Waterfront Homes
      • Sailboat Homes
      • Canal Homes
    • Newly Listed Homes
  • Condos for Sale
    • Port Charlotte Condos
    • Punta Gorda Condos
    • Punta Gorda Isles Condos
    • Burnt Store Isles Condos
    • Englewood Condos
    • North Port Condos
    • Sarasota Condos
    • Venice Condos
    • Waterfront Condos
      • Sailboat Condos
      • Canal Condos
    • Newly Listed Condos
  • Land for Sale
    • Port Charlotte Lots
    • Punta Gorda Lots
    • Punta Gorda Isles Lots
    • Burnt Store Isles Lots
    • Englewood Lots
    • North Port Lots
    • Venice Lots
    • Waterfront Lots
      • Sailboat Lots
      • Canal Lots
    • Newly Listed Lots
  • Search the MLS
  • Blog
  • Contact Us
You are here: Home / Archives for charlotte county real estate

Market Update

December 4, 2024 by Gary Cardillo

For months we’ve been posting updates on the real estate market which up until recently has impacted the local and statewide markets by the higher than anticipated taxes, rising insurance premiums, interest rates and the election. While those factors alone led for a decline in sales and sales prices for most of the state, the devastating effects of the hurricanes over the past few months have had a unique impact of their own, especially to our local markets.

Typically this time of year we not only focus on the year to year sales comparisons, but the year to date recap as well, however, adding in the variable of multiple hurricanes are skewing the numbers resulting in fewer showings, inventory that was damaged or lost this year versus last, and listing prices decreasing. While we would typically see more inventory coming on the market this time of year in anticipation for the upcoming season and the arrival of our winter visitors, we are also seeing a significant number of inquiries by investors looking for opportunistic buys. Unlike Hurricane Charley where Money and Forbes magazines had just voted our area as one of the best places to retire that created an unique competition between investors and buyers vying for limited inventory, there is plenty of inventory for buyers and investors of all types. The silver lining for some is if their homes have not been impacted by the recent storms, those homes will be viewed more favorably and the potential is for shorter times on the market if priced competitively. For others who did not fare as well, keep in mind there is a 50/50 rule that will impact your recovery plans. When in doubt call a reputable contractor to give you an estimate, and who can also determine if any of your damage was wind related or just caused by rising water. Before making any decisions check with your accountant and financial advisor as they will help you decide if rebuilding is a viable option or selling the property “AS IS” is your wisest financial choice.

Filed Under: Buying Real Estate, Selling Real Estate Tagged With: charlotte county, charlotte county real estate, florida, florida waterfront, gary cardillo, market update, punta gorda, punta gorda real estate, real estate, real estate market, remax harbor, selling in punta gorda

Q: How has this new “anti-trust suit” in Missouri impacted the way agents work with buyers and sellers?

August 29, 2024 by Gary Cardillo

A: For as long as most can remember, seller’s paid a commission to the listing agent, and that agent would then split the commission with the buyer’s agent, also known as the “selling agent.” With the decision that came down as a result of this lawsuit, commissions can no longer be posted on an MLS sheet for the buyer’s agent to view. That agent must now reach out to the listing agent to see if a commission to the buyer’s agent is going to be paid from the seller’s agent’s total commission, or from the seller him or herself. Any buyer wanting to view a home, must now sign a brokerage relationship disclosure by law with a buyer’s agent, or agent working in that capacity, prior to showing any property. That document will outline the commission the buyer’s agent is to receive and the length of time that representation is to last. In a rare case, if a seller decides he or she wants the buyer to pay his or her agent’s commission, then that brokerage relationship disclosure the buyer signed will come into play with the buyer having the responsibility to pay the commission.

I’ve often used the analogy of buying a car. You either get the discount off your trade-in or off the sticker price, but not both. Essentially you have two different paths to arrive at the same number and this is no different. Virtually all the sellers we know are looking to keep the terms as they have been, as a seller’s expense. The thought is it will increase the size of the number of agents who want to show their property. However, as we’ve shared with our sellers, should they decide they want the buyer to pay the commission, just like every other consideration the buyer is taking into account when making an offer on a property, that commission will now be factored in as well. The result could be an offer that is significantly lower than the commission percentage the buyer will now have to factor in. In short, while there is an extra step that may be involved for a buyer’s agent, we are seeing things pretty much remaining the same.

Filed Under: Buying Real Estate, Selling Real Estate Tagged With: buyer, buyers agent, charlotte county, charlotte county real estate, informed, lawsuit, listing agent, realtor, seller

Meaningful New Year’s Resolutions

February 15, 2023 by Gary Cardillo

Before the start of this New Year, I asked myself, “What resolution could I make this year that would be different from those of years past and one that would have a lasting effect?” Typically most say they would exercise more, take on a long overdue task of some kind, or take advantage of those things they had been postponing for too long, such as boating, golf, reading a good book, etc. While I am just as guilty that many of my resolutions over the years initially became great ideas, they became just another great idea in a few short months. This year I wanted something more meaningful than just personal improvement. If you recall the exercise scene in the movie Arthur 2 with Dudley Moore, entitled “On the Rocks, No Pain, No Gain,” Arthur’s grandmother tells him how her doctor recommended she get a little exercise. So she hires a personal trainer. At that time, I thought, “If she can do it, so can I” Well, this hunk of a guy comes to her home, where she proceeds to sit on the couch with tea cup in hand and turns on the workout music only to watch him go through a series of exercises. I’m sure many would think, “Well, that’s one way of scratching off an item from my New Year’s resolution list,” but when I look at my years of unfulfilled resolutions, I think, “why wait any longer?” The book I started writing some years ago remains unfinished, and getting more involved in serving my community seems to have taken on more of a sense of urgency this time.

Some attribute their lack of commitment to fear of failure, doubt, or simply letting life get in the way. Unfortunately, many of the most excellent intentions and inventions remain unfulfilled. Evangelist Joel Osteen once said, “Cemeteries are full of great ideas and inventions that never came to fruition,” which is a sobering reminder, especially as we get older. We are surrounded by those in our community who have amazing success stories and tireless efforts that have inspired others to get involved in making our community one that has gained national recognition. So why are we waiting?

I share a story of blues and rock guitar virtuoso Mike Imbasciani, who has not only entertained multiple generations of local followers for years but is now looking to inspire his generation. Using a combination of music and podcasts Mike challenges the younger generation to get more involved in local politics and become more self-reliant. He believes this leads to “self-sustainability.” We first saw Mike perform when he was so young a hat was passed around to pay him. I was amazed to learn he began playing guitar at five years of age and by 11 was playing professionally. He started his first band at 14 and has compiled a resume of venues he’s played, including The House of Blues in Orlando, Florida, and Tootsie’s Orchid Lounge in Nashville, Tennessee.

While there are many talented bands and musicians in the entertainment industry, Mike is wise beyond his age at 26. His music has entertained generations, but now he’s reaching out to a younger generation, challenging them to better understand economic and political decision-making bodies within their community and become more astute to the changes in the world today.

Growing up in a conservative household, Mike became more interested in politics in 2008. He said he liked listening to Rush Limbaugh and loved how he got his audience to laugh. While he was a conservative talk show host, Mike often heard Rush tell those who called him to do the research themselves and not just listen to one political party’s opinion. Several years ago, I was curious to hear about this radio personality people were talking about and tuned into his program to hear for myself. On that day, two 20-year-old young ladies expressed how they considered themselves more liberal and asked Rush if they should listen more to what he had to say. His reply astounded me: “You need to question everything you read and hear and then make your own decision based on what you’ve researched and not on what someone tells you.” Mike added, “Glenn Beck said the same years ago, “Do your own homework.”

Through his political and current events based internet podcast, which he calls “The Freedom Chronicles,” Mike wants to get his generation more involved in their community and to ask the questions most take at face value. He said too many people his age don’t want to listen to the news, as it is too biased. They become influenced by the latest opinions and trends found on social media. I heard this same viewpoint from former Younglife area director Tom Parker who said people use social media as their source of information and communication. I remember my interview with Tom, who said,” Today’s generation is more guarded and only shares what they want you to hear.” I learned from him pure communication is often missing, and no longer are they taught to question what is being presented to them, whether it is in school, on social media, or just the opinion of a friend.

Mike is looking at this next generation, which could run for office in a few years. He feels they need to stop relying on government handouts and start questioning the decision makers, parties, and what the media is promoting that are collectively influencing our thought processes. Mike recounted his experience and the negative feedback he received when incorporating the Beatle’s 1968 song, “Back in the U.S.S.R.,” into his repertoire. People asked why he would play a song that held life in the U.S.S.R. in such high regard. They never thought to research Paul McCartney’s thought process in writing the song, which was considered a musical satire that poked fun at just about everyone during that time. Mike explains this is what is going on today. “People don’t question, they take everything at face value, and there is no middle ground. People don’t talk to each other; they talk at each other,” a viewpoint I’ve had for years. He feels both sides of the aisle and the media share most of the blame. However, he feels it goes deeper, and people in general, and his generation in particular, need to get to the root cause of the things that impact society today. Many take the approach that until they feel it affects them personally, there is no need to take action, almost like the frog in boiling water. Mike wants to get people to draw their line in the sand and not play the role of the victim but take action before it is too late. He quoted Psychologist Jordan Peterson, who explained in a GQ interview the thought behind self-defense. He said, “You need to have the capacity for danger. You need to be dangerous. But you need to learn how not to use it except when necessary.” The premise behind his comment was to understand things are not always as they appear, and with knowledge of the underlying cause comes the ability to anticipate and protect one’s self. Mike feels most people are quick to point out the injustices they experience but aren’t willing to take the necessary steps to affect change. His goal is to get his generation, in particular, to start looking at the deeper motives of those that are driving the various issues such as abortion, Covid, the economy, cryptocurrency, the stock market, worldwide financial markets and trends, ongoing wars, and even CBDC (Central Bank Digital Currency; making your money programmable by the government), to name a few. In short, he wants his generation to understand who and what controls these issues that impact us all and how they benefit from them. He feels things are moving very quickly, yet there is a complacency where young people today think if they don’t see how it is affecting them, there is no sense of urgency to question it. He wants his generation to become more aware and self-reliant, which he feels will lead to being more self-sufficient and less dependent on government handouts, which only creates more dependency.

When questioned why he relates to older generations, Mike said he learns more from their life experiences, and having a grandfather who served in World War II has added to his interest in history. His podcasts are full of interesting guests who share their viewpoints, life experiences, and even some with rags-to-riches stories. A few such guests are comedian Bobby “Sauce” Saucilito, who entertains his audience using political humor to get people thinking. At the same time, Tyrone Jackson of “The Good Frank” fame talks about how they went from having a hot dog cart to creating their highly successful brand of hot dogs that arose when they researched the harmful ingredients that went into the hot dogs they sold from their cart.

Mike feels entertainment should be an outlet for us to enjoy and not be used as a political outlet, as we see in sports and entertainment today. “Music and other forms of entertainment can be interpreted in their own way, which keeps it on the individual level once again.” His “Simply Clapton” show pays tribute to this highly regarded artist and reaches across multiple generations. “Music, like comedy, is powerful where people can leave politics behind and forget about their problems.” Mike’s “Imbasciani Chronicles” on Apple Podcast, Youtube, and Spotify is another platform that is music and entertainment based, promotes more of a one-on-one conversation. His podcasts (The Freedom Chronicles and The Imbasciani Chronicles) aim to provide opportunities to get his audience to think about the issues of the day and to have a dialogue.

We tend to categorize people by the career they have chosen. We see them as doctors, lawyers, football players, and musicians, to name a few. Then we get to know them and find their backgrounds and interests astound us. Mike was that surprise and made me realize we each have a story to tell that could benefit the next generation. That in itself made me re-evaluate my New Year’s resolution.

Music is a language we all enjoy, and Mike and his “BluezRockerz” will continue to reach across generations, and with his “Simply Clapton” tribute show, hopes to reach a younger age who someday could become our next great leaders.

For a great night of entertainment, go to his website www.mikeimbasciani.com for all his upcoming shows. His political and current event’s based internet podcast, “The Freedom Chronicles,” can be viewed on Rumble (www.rumble.com), CTA (Conservative television of America www.CTVA.TV ) as well as YouTube, Spotify and Bitchute. Mike’s music and entertainment based one-on-one music-based podcast, “The Imbasciani Chronicles,” can be seen on YouTube, Spotify, and Apple Podcast.

 

-Gary Cardillo

Filed Under: Community Information Tagged With: charlotte county real estate, florida realtor, florida waterfront, freedom chronicles, gary cardillo, mike imbasciani, music, new years resolutions

July Housing Update

August 31, 2022 by Gary Cardillo

While some are feeling the effects of higher interest rates and media reports the early stages of a recession are upon us, our housing market continues to remain strong, especially with homes that are well priced. I think it is safe to say the frenzy may be over as the buyers have adjusted to Covid from the panic buying it elicited. Comparing sales in June and July of 2021 to the same time period this year for Charlotte County while there were a 186 fewer homes sold, the average selling price increased from $390,024 to $461,425 or 18.3%. Sarasota County had 442 fewer homes sold during the same period of time however the average selling price of a home increased from $606,904 to $716,607 or by 18%. The fewer number of sales can be attributed to low inventory and supply chain issues that have delayed new construction. We are seeing some reductions in list price from those who wanted to test the market by pricing their homes above what the market would support. Another indication there will be more of a balance in the buyer vs. seller market.

Filed Under: Buying Real Estate, Selling Real Estate Tagged With: charlotte county real estate, condos, florida, gary cardillo, real estate recap, realtor, sarasota real estate, waterfront

Housing Market Update: Real Estate Chess Match

June 22, 2021 by Gary Cardillo

For years now we’ve been advised by real estate attorneys to use the FAR BAR AS IS purchase contract with right to inspect. The reason for this is that while it does protect the buyer, it takes some of the ambiguity out in determining if an item in the home is functioning as intended. To give you an example of why this has been the contract of choice, several years ago we had a client looking to purchase a condominium that had been renovated due to damages stemming from Chinese drywall. During the home inspection we found the granite counter top in the kitchen had been cracked in half around the sink during installation. The seller epoxied the seams, but the buyers were not pleased, as while the seam was cleverly joined with the epoxy, the joint was still very rough to the touch. The seller said he wasn’t going to replace the counter top and the buyer didn’t want to take it “as is,” so the buyer used their right during the inspection period to cancel the contract and get a full refund of their deposit. When speaking with the law firm who suggested we use this purchase agreement, the attorney stated, “this is why we tell you to use this purchase agreement as while the buyer wasn’t pleased with the look of the repaired granite, it was still functioning as intended as it was supporting weight and wasn’t leaking, thus it was performing as designed. If your buyer hadn’t used this “AS IS” contract that we have suggested, they wouldn’t have had the ability to cancel their contract and receive a full refund of their deposit.”
However, during this market this “AS IS” contract is being used in a manner that wasn’t originally intended. Since homes have been selling at such a frantic pace, many buyers who are out of town are using this contract to purchase properties sight unseen, or only seen virtually. Then once they arrive they use their inspection period to determine if they want to continue moving forward with the purchase of the property or cancel the contract now that they are viewing the property in person. Some buyers have even submitted contracts on several properties, had them accepted, and then used their inspection period to cancel off those properties that didn’t appeal to them and keep the one that does.
To counter this approach many sellers are starting to request the contract with repair terms that can be capped be used as it takes away the buyers ability to cancel the contract in “the buyer’s sole discretion.” Since offers have accelerated at the pace they have due to low inventory levels, bidding wars are more commonplace, resulting in purchase offers where the purchase price cannot be supported by an appraisal. To avoid a contract being cancelled by the buyer due to the offer they made not being supported by an appraisal, sellers are now requesting appraisal contingencies to be removed from the contract in many cases.

Filed Under: Buying Real Estate, Selling Real Estate Tagged With: charlotte county real estate, chess, current market, florida, gary cardillo, real estate, summer news, waterfront

How Can We Help You?






    Shop for Real Estate

    • Single-Family Homes for Sale
      • Port Charlotte Homes
      • Punta Gorda Homes
      • Punta Gorda Isles Homes
      • Burnt Store Isles Homes
      • Englewood Homes
      • North Port Homes
      • Sarasota Homes
      • Venice Homes
      • Waterfront Homes
        • Sailboat Homes
        • Canal Homes
      • Newly Listed Homes
    • Condos for Sale
      • Port Charlotte Condos
      • Punta Gorda Condos
      • Punta Gorda Isles Condos
      • Englewood Condos
      • Burnt Store Isles Condos
      • North Port Condos
      • Sarasota Condos
      • Venice Condos
      • Waterfront Condos
        • Sailboat Condos
        • Canal Condos
      • Newly Listed Condos
    • Lots & Land for Sale
      • Port Charlotte Lots
      • Punta Gorda Lots
      • Punta Gorda Isles Lots
      • Burnt Store Isles Lots
      • Englewood Lots
      • North Port Lots
      • Venice Lots
      • Waterfront Lots
        • Sailboat Lots
        • Canal Lots
      • Newly Listed Lots
    • RE/MAX Harbor Realty Office Listings

    Search The MLS

    To search for real estate listed for sale in the MLS, please use our MLS Search Form »

    Search By MLS Listing Number

    MLS #:
    For multiple MLS numbers, separate numbers by a comma: e.g., C7005869, C7015140

    Recent Posts

    • Market Update
    • Thanks…..Giving
    • Market Update November 2024
    • Life Lessons from the Storms We Endure
    • Q: How has this new “anti-trust suit” in Missouri impacted the way agents work with buyers and sellers?

    Search The Blog

    Share

    Twitter
    facebook

    Contact The Gary Cardillo Group

    By email: Info@FLwaterfrontliving.com
    Mobile: 941-916-0939
    Address: RE/MAX Harbor Realty
    2815 Tamiami Trail
    Punta Gorda, FL 33950

    About The Gary Cardillo Group

    Gary Cardillo, Realtor While most people would like to talk about themselves, Gary and Gail have always put their clients first, and their diverse backgrounds have provided their clients an unparalleled level of service and knowledge throughout the past years.
      » Read More...

    Explore Real Estate for Sale

    • Search the MLS
    • Condos for Sale
    • Lots & Land for Sale
    • Single-Family Homes for Sale

    Read Our Blog

    • Buying Real Estate
    • Community Information
    • Events & Activities
    • Selling Real Estate
    The Gary Cardillo Group • RE/MAX Harbor Realty
    2815 Tamiami Trail • Punta Gorda, FL 33950
    941-916-0939
    garycardillo@wesellpg.com

    Copyright © 2011-2025 · The Gary Cardillo Group
    Site designed and managed by Tropical Web Works 104.156.48.242

    Back to Top
    Contact Us