Mike's Blog

Real Estate Broker/Owner - Mike Rivera, Saggio Realty Inc
Bella Terra offers northern Italian-style architecture with a central fountain and clock tower, and a distinctive grand entrance. It is a 1,000 acre community with 500 acres of tranquil lakes and conservation preserves. Amenities included Football/soccer/softball field, inline skate park, basket...
On 9/28/2009 there were 120 Estero pre foreclosure homes or OREO on the market or roughly 12 percent of the total number of active listing within the Estero area. Estero home bargains are now in the 85 to 135 per sq ft. Making it some of the most value add SFR units in all of south west Florida....
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  This blogging thing can be quite fun.. Finally an article that caught my attention, perusing this active rain thing. Good stuff from blogger Jim Randle I wanted to reblog.  In regrads to Cap rate Compression. I had been involved with many assets deem Trophy property, an asset class which Assume...
Good day to all, I just wanted to comment today On how Ironic almost every bit of Market equity gains. Made in the Sub markets of Lee county. Specifically Estero South Lee and Bonita Springs. Have been wiped out. But has started the offer frenzy bank up again. I have been in the area since 1981 I...
This is an e-mail i just got from an agent it deals with short sales and there apparent irritation with short sellers and there agents. And it seems this agent wants a law against them or that the FREC should stop it and  deems that The Pricing of short sale are misleading or For pricing them way...
News letter-Trend & market demand for Institutional Real Estate Investment sales.   Well Comrades it seems Acquisition demands in low density Multi family and single family homes (REO) and new completed residential Builder product is up on demand from Hedge funds, Trust & Asset managers, etc. Mos...
Ask me a questionon Value's - appraisals .We see alot these days of home sold at 65% of LTVdo you know what that means?Mike Rivera

Mike Rivera

Naples FL Real Estate Analyst
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Discussions on local Estero and Naples Real estate to included Private Equity placements, Debt and Real estate Investments. Commercial and residentail.