February 2010

Found 2 blog entries for February 2010.

Whether you live nearby or are flying in to look at Cape Coral property, this calendar of upcoming events will provide you with entertaining things to do while you are here. Explore the area, take in the culture, enjoy all that SW Florida has to offer.

 

First Saturday of each month

South Cape Street Market:

Just like the open markets that are so popular in Europe, South Cape hosts a street market on the first Saturday of each month. The Cape's market takes place on Vincennes Boulevard and runs from November through April each year.  Hours of operation are from 9 am to 2 pm and admission is free.

With well over 60 vendors, the market attracts thousands of visitors to browse through lovely antiques , handcrafted artwork , and upscale

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Great news for investors. Beginning today, February 1st, HUD has decided to shelve the current FHA 90-day anti-flipping rule for a one year period. This single act should boost Cape Coral waterfront home sales and bring even more investors to the area.

 

Under the new rules, homes sold within the past 90 days may be resold with an FHA backed mortgage. There are some specific guidelines that should be understood. These serve to protect HUD from insuring overvalued properties while still allowing the true investor to pick up a property at a low price, make necessary renovations, and turn a justified profit.

 

The protective guidelines include three main points:

 

1. The transaction must hold no inappropriate interest or agreements between

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