There's good news on the horizon for Lee County's housing market. Foreclosure numbers are currently the lowest in three years. With just over 800 foreclosures for the month of May, this is a sign of things to come. Property values have continued to hold at rock bottom prices, but they won't stay that way for long. If you've been waiting for the ideal time to buy, don't wait any longer. Cape Coral waterfront homes can still be scooped up for under $200,000 but with less foreclosures flooding the market, it is a sign of the stabilizing economic climate. Clearly, things are getting better. Southwest Florida's real estate experts predict the positive trend to continue. Foreclosure numbers are dropping and housing prices are beginning to climb. Last month,…
Investors, home owners, tourists, and anyone considering purchasing property during this excellent market can rest easy. Recent projections by the National Oceanic and Atmospheric Administration (NOAA) verify the statements of Kristie Anders, a local expert, that there is a minimal likelihood of oil from the BP oil spill that will impact the waters and beaches of Fort Myers, Cape Coral, Pine Island, and Sanibel in Southwest Florida.
Less Than 1% Chance that Lee County Property Will Be Affected
In a recently released technical report, NOAA stated that the likelihood of oil affecting the area in any way is less than one percent. At this point, the oil has already degraded to scattered tar balls instead of a large surface oil slick and has lost…
A HOA, or a homeowners’ association, is an entity made up of a board of homeowners, and sometimes operating in conjunction with a management company. The purpose of the HOA is to create and enforce certain rules for the community and collect the monthly or annual dues involved.
What kind of "rules" may be your next question. The HOA's rules generally involve maintaining a level of consistency, capital improvements, and deciding on certain conveniences for the neighborhood. Ideally, the rules center around the protection of property values.
Why the "dues?" The collected dues are used for the upkeep and maintenance of the common areas. As a general rule, a HOA is not meant to be a profit-making venture.
Is living in a Cape Coral HOA…
Pine Island, Florida, located just a half hour from Fort Myers, is the largest island (17 miles long and 2 miles wide) on Florida's west coast. One visit to Pine Island's secluded and charming atmosphere will cause you to feel that you've stepped onto a beautiful movie set, or back to a simpler time of 'old Florida'. Preserved for generations to come by the current laws which prohibit aggressive development, make this area even more attractive.
Pine Island consists of Bokeelia, Matlacha, Pine Island Center, Pineland and St. James City.
BOKEELIA: Beautiful Bokeelia is a tropical paradise featuring historic buildings to explore, fishing, and a wide variety of exotic tropical agriculture. Bokeelia is also home to the Four Winds…
The town of Matlacha, pronounced "MAT-la-shay," located just north of Captiva and Sanibel Island, is an undiscovered gem; a quirky, artsy, rustic fishing village like something right out of the movies.
Surrounded by aquatic preserves, quaint cottages, art galleries, and all the fishing opportunities one could imagine, it is the perfect place to purchase your piece of paradise.
One of the friendliest towns in the area, I've never been to Matlacha without feeling that I've stepped back in time. Once your car crosses over the bridge, everything changes. Life becomes a little bit slower. Passing cars and walkers wave as you pass by, and almost everyone is carrying a fishing pole. As an added bonus, there is virtually no commercialization. Family owned…
Working with the right listing agent is probably the single most effective way to ease your anxieties as you enter the Cape Coral real estate market.
Why Go With the Pros?
Let's face it, selling your Cape Coral home can be a stressful proposition. Whether your relocation decision is due to a new career, a birth, a marriage, or even one of life's temporary setbacks, working with the right listing agent is the key to your success.
For Sale By Owner - You may be hoping to save commission dollars by going the FSBO route. Successful FSBO's take time, serious commitment, and a thorough knowledge of financial and legal issues, contracts and a handle on your Cape Coral real estate market.
If your entire reasoning for attempting to sell…
So, you've decided to go ahead and put your Cape Coral, Florida home on the market? Great. In order to achieve the desired results (selling for top dollar in the shortest amount of time possible) there are 5 mistakes that you need to avoid. Often times we talk about the "do's" of marketing your home, but just as important are the "do not's."
Deadly Mistake #1 - Putting your home on the market before all necessary improvements and repairs have been made.
Why is this so important? Generally, your home isn't going to sell while you are in the midst of repairs anyway and your property is going to "appear" to be worth less with every passing day it spends on the market. Is it a "perception" game? Yes...But as you know, the older the stock, the more…
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…
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…
The credit crunch has taken its toll on many families across America, preventing certain individuals from investing in Florida property during a time when prices have reached an all time low. But what about foreign investors, especially those coming from the U.K? The British pound has remained very strong against the dollar - with one pound currently worth $1.65. So, what does this mean as far as foreign investment prospects go?
According to the Association of Foreign Investors in Real Estate, over 50% agree that the United States provides the best opportunity for capital appreciation. This figure has risen steadily from 26% in 2007 and 37% in 2008. The majority of foreign investors in real estate have plans to boost their United States…