Cape Coral is the highest rising home prices

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The very serious Real Estate section of Yahoo has brought something very interesting a couple of months ago, and a very good news for people who bought a home in Cape Coral in the past 12 months. And not only in the Cape Coral real estate but also all around, like Lehigh Acres or Fort Myers. The good news is that Cape Coral is the highest rising home prices in the U.S.!

Price differences show an increase of 12.1% for the last 12 months far ahead from Bridgeport-Stamford in Connecticut, but with still a median price of$100,000 for a typical 3 bedrooms 2 bathrooms house. But the number of foreclosure is still important with 1 foreclosure for every 92 homes. That alone will probably decrease the price rise into the single digit. It will remain steady in my opinion though because the median price is still the lowest nationwide, but steady because more and more people see a perfect place to retire when they think about the sunshine state.

Cape Coral italian style foreclosure for sale

Cape Coral italian style foreclosure for sale

The city of Cape Coral show only a 4 months’ supply of properties, which has to rise prices and demand. Lehigh Acres has only a 1 month’s supply and the rumor about how secure is the city is decreasing as well. People begin to realize that crimes in Lehigh Acres were made by A/C, pool and water system professionals in search of free parts by stealing A/C, pool equipment and water system equipment from abandoned foreclosed houses there. Those foreclosure having disappearing rapidly, those parts are no longer available and crimes rate has melted like snow under the sun.

So, this is an excellent news for our community and I really hope you bought within the last 12 months. If not, and if you still want to take the running fast train to real estate wealth, feel free to give me a call at 239-240-7346 or send me an email at info@1capecoral.com.

Here is the link to that Yahoo Real Estate article.

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Comments (0) Mar 13 2012

Want to buy a Cape Coral home in 2012? 5 Things To Do NOW

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If 2012 is your year for home hunting and purchase, here is a list of 5 things you should consider to do NOW before anything else.

  1. 1. Check your credit. And I’m serious about that. Make a copy of your credit report online and review anything that can show negative transaction. Call the credit bureau in charge and fix your problem. There is nothing worse than finding the perfect home at the perfect price, getting ready with the down payment and everything and learn that you have been denied because of your bad credit. So, if there is any problem there, fix it now.

  1. 2. Do your homework. Do you research online about 1 month before buying. Check the neighborhood, the market value, compare the foreclosure with the regular market, learn about short sale and see if it’s for you. Shop around for the best terms mortgage out there, call 4 or 5 mortgage broker and compare what they need and they fees/expenses. Ask them what documents you need to be qualified. Ask to be approved for a loan before even getting out to see properties. It’s frustrating to fall in love with a home that is price at $10,000 more than you can afford. Everything else will be disappointing at that point!

  1. 3. Fluff up your down payment. Make sure to have a full understanding of the money you have to bring at closing, all fees including. Again, it’s frustrating to be short of a couple of thousands dollars in front of the home of your dreams. Get your finance in place and ready to go.

  1. 4. Grow your cash. You’re gonna to move. So double check all that stuff that you didn’t use for the last 12 months or more. You won’t probably never use it ever. So make a big yard sale of that stuff, sell them on ebay or on craigslist and keep the money for your down payment or for some work you’ll need to do in your new home, like painting or new moldings.

  1. 5. Be prepared. If you want to purchase a great deal, like a foreclosure, be prepared. I wrote a guideline about being prepared to make an offer on a foreclosure: Cape Coral Foreclosure . I have come across a lot of excited people like kids in front of a toy getting frustrated with those above asking price multiple offers. So being psychologically prepared will help you to handle your purchase.


Once you have everything ready and you have prepared yourself for your 2012 home purchase, feel free to give me a call at 239-240-7346 and I’ll prepare some visits and will help you during your transaction to make it as smooth as possible.

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Comments (0) Dec 17 2011

Are you looking to buy a property in Cape Coral, Florida?

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So, you have been looking to buy a home in Cape Coral for over 6 months now. There is something important for you to know.  Stop looking to buy a home right now.  You are wasting your time and energy. Cape Coral properties prices have been increasing for the last 6 months in a row. So, if you’re still looking, it’s not for finding the best deal of the century, it’s already too late. It has to be because you’re searching for the best floor plan or curb appeal possible, but then, the inventory is so wide, if you didn’t find it already, it’s because it doesn’t exist.

Not to mention all the time that is being wasted by professional lending and real estate brokers. They are not your taxi driver even if it’s my second job. They are not the ones to fix your poor credit scores.  They are not the ones to hold your hand every step of the way even if I do it on a daily basis.  They are there to help you not be taken advantage of by someone who is not committed to the home buying process.

Buying a home is a process and it doesn’t take over 6 months to complete.  A Realtor can help you with the home buying process, however, you the buyer must take action to make it become a reality.  Seeing every home that comes on the market for a year is insane!  It’s not that big of a deal to find the house you will come to know as home.  If you see a house you like and it’s within your means, then buy it.  Otherwise, go home and leave everyone alone.

You can read more at 1capecoral.com or in my blog. The time to buy a home was in the last 6 month, with a rock bottom price reached last December 2010/January 2011  or today…not in 6 months. Quit trying to out think the other guy or the sellers. Find what you like and buy it.  If there isn’t anything out there that you like then you probably are not going to find it.

Go home.  Stop wasting your time. Watch some football or NASCAR or a movie anything but get out of the home buying process as you are not a buyer.  You are a looker and you are frustrating people around you that can actually and willingly help you.

The time is ripe to buy a home today.  Interest rates are low.  Prices are still low. In most markets inventory is high.  Sellers want to negotiate on their homes. It’s easy and time for action. And if you think that a home priced below a car’s price is too high, you’ll never buy anything. So, do something else.

If you are angry right now…good.  Here is a way which may help.  Revisit why you wanted to buy a home in the first place and re-motivate or inspire yourself.  If that doesn’t work then forget about it.  You will never achieve your American Dream without concise methodical action on your part.  Now go out there and become a buyer and call me to seriously get started!

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Comments (0) Oct 25 2011

Cape Coral: second best place to retire

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I read an article published by cnnmoney about the 10 best places to retire. Cape Coral was voted #2!. So that’s good news after all the effort put into making Cape Coral a better place to live.

The single most effective move in making your retirement stash go further is, well, a move. “There’s nothing more powerful than relocating from a high-cost-of-living area to a low-cost one,” says Baltimore financial planner Tim Maurer.

If “low cost of living” conjures up visions of some bleak backwater, think again. MONEY combed its Best Places to Live database to find affordable cities and towns that offer lots to do, both inside and out. Places that are safe, with violent-crime rates below the national average. Where there’s good medical care close at hand. And where at least 30% of the population is over the age of 50, so you’ll have no shortage of golf or bridge partners.

The ten places you’ll read about in the story that follows offer all that — plus they’re exceptionally kind to your wallet. Their cost-of-living indexes range from 87 to 97, meaning that as little as 87 cents buys residents what a dollar would buy the average American. Homes are affordable, with median prices below the $173,100 national median (some well below). And tax rates are reasonable, with either no state income tax or significant exemptions for retirees. Could Cape Coral be your new home?

You can read the full story by following this link

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Comments (2) Sep 22 2011

5 reasons why you home doesn’t sell

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If there has been no action on your residence which is for sale, chances are it is as a result of 1 or all of the factors we have listed below. If the Realtor you might have hired has not gone more than these guidelines, possibly it is time to reevaluate why your house is just not selling.

Overpriced!

This really is the most common reason for a home not selling. Unrealistic property owner objectives can cause this even with the best of Agents guidance. A Seller that will not listen to their Agent, are losing both their times if your residence is valued greater than the competition. The 1 thing you Do not need to do is overprice your residence!

The Condition

When there are numerous houses within the marketplace for sale, buyers will keep searching until they discover that ideal move-in prepared property. If your house will be the identical cost as the competition, but they’ve new kitchen/baths/carpet or hardwood floors, they will get the action. If your price may be the very same, but the competition has much more bedrooms, a lot more baths, or perhaps a finished basement, you might be giving the buyers the benefit of seeing yours and then acquiring the 1 that they are going to get more for the same money. You want to make the biggest impact on any buyer viewing your house.

Showing Times

When you have limited times when a home buyer can view your property, you are performing a dis-service to your self, the buyer and the Real estate professional who desires to obtain your house sold. We know it can be tough to show at a moments notice, but you never ever know when the proper buyer will appear. Should you can’t show it as a result of work schedules, you could wish to supply your Realtor using a important to ensure that no appointment will probably be missed. Other Agents will have a tendency to show houses when you can find not too many restrictions and they know they are able to acquire access to easy.

Net, Net, Net

That is appropriate, if your Realtor will not market your property on the net, you could not be obtaining the very best marketing and advertising value. Though all listings should be on your local MLS, your Realtor need to also have their very own web sites and other ways to promote your property online. This really is the top form of advertising your house for sale.

Location Is Nonetheless Key

It is still accurate, as far as Real Estate is concerned ~ the top locations, best schools, and curb appeal with the neighborhood is still crucial. Even so, not each and every property could be Mid-Block location, or handy to all things, and have the very best of almost everything. It is possible to make your home stand out from the crowd by enhancing your own curb appeal, generating improvements towards the interior and by pricing it lower then the rivals. We recently had a listing exactly where the backyard faced a large commercial developing. By pricing it correct and producing some small interior upgrades, ours sold as well as the 1 across the street is nonetheless in the marketplace. Make your house outshine the other people.

Also, believe about Staging your residence. Your home will stand out among the competition as a stager will showcase your home to its best advantage and this can re-force the buyers decision that your home may be the proper option.

Bear in mind, the longer an over-priced house remains on the market, the lower it’s final selling cost will probably be. Step into the buyers shoes and you will see that you wouldn’t wish to invest a lot more cash on a comparable property and you can’t anticipate others to be any diverse.

Most essential ~ listen closely to your Real estate professional. They sell homes everyday and have the experience to lead you inside the right direction for a closed sale!

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Comments (0) Aug 22 2011

Cape Coral Real Estate prices are rising fast

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I just got this article from Realtor.com regarding the areas with the highest price rising and the highest price decrease. It’s very interesting for us since the Cape Coral – Fort Myers area is number one as the highest rising price area. Have a look:

Southern metro areas dominated a list of the 10 markets with the biggest year-over-year increases in median list price in April, according to monthly data released this week by Realtor.com. The data considers 146 metro areas nationwide.

Two Florida markets saw the highest jumps: median list price in Fort Myers-Cape Coral rose 25.7 percent to $225,000, and the median in Miami rose 8.6 percent to $239,000.

Shreveport-Bossier City, La., followed with an 8.1 percent increase, to $173,000. Fort Myers-Cape Coral and Miami also saw the biggest year-over-year drops in inventory: -25.3 percent and -29.9 percent, respectively.

The two Florida markets were the only metros in the top 10 to move properties at a slower rate than the national median: 95 days. Median age of inventory for each was 116 and 129 days, respectively.

In order to obtain the median age of inventory for each market, Realtor.com subtracted a property’s listed date from whichever was earlier: its end listing date or the end of the time period, and took the median of all the resulting individual days on the website.

The three other Southern metros to make the list were Charleston, W.V.; Tyler, Texas; and the Virginia segment of the Washington, D.C. metro area. (Realtor.com separates data for metro areas that encompass multiple states.) The Washington, D.C., metro was the fastest-moving among the 10 markets with a median inventory age of 57 days.

In the U.S. overall, the median list price fell 4 percent year-over-year in April, to $191,900.

Two Midwestern metros (Columbia, Mo.; and Peoria-Pekin, Ill.) and two Western metros (Fort Collins-Loveland, Colo.; and Anchorage, Alaska) made the list. No market in the Northeast was among the top 10.

Eight of the 10 metros saw their inventory decline year-over-year last month, six of them by double-digit percentages. Only Anchorage and Tyler saw their total listings rise: 15.7 percent and 3.6 percent, respectively.

Nationally, total listings fell 8.3 percent.

Among the 10 markets with the fastest-dropping median list prices, Western metro areas prevailed, accounting for six among the top 10; two are in the South and two are in Midwest. All 10 saw double-digit declines compared to April 2010. No Northeastern market made that top 10 list.

Santa Barbara-Santa Maria-Lompoc, Calif., saw the biggest price decline: down 26.2 percent to $498,250. The market was also one of two to see its inventory rise year-over-year, by 6 percent. The other was Reno, Nev., with a 9.5 percent increase.

Inventory declined by double digits in six of the remaining eight markets. Savannah, Ga., experienced the sharpest decline: -48.3 percent.

Savannah was also one of three markets with a median age of inventory above the national median. The market’s median inventory age was 198 days in April, though that represents an 11.2 percent decline from April 2010.

I hope you bought last year. If not, give me a call to begin right away. It’s still time to build some serious equity here, in the Cape.

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Comments (0) May 25 2011

Cape Coral Real Estate foreclosures rates

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Foreclosures in Florida fell in August for the fifth straight month, but the state still ranks amongst those with the highest foreclosures rates within the united states, RealtyTrac reported Thursday.

Florida ranked second behind Nevada inside proportion of real estate units receiving foreclosures notices in the course of the month, with a single in every 155 properties receiving one – more than twice the national common, according to the Irvine, Calif. company’s monthly survey of your U.S. real estate marketplace.

Two Florida metropolitan regions – Cape Coral/Fort Myers (third) and Miami-Fort Lauderdale-Pompano Beach (fifth) – ranked among the leading 10 metro regions around the country in terms of the frequency of property foreclosures for the month.

Across the country, default notices, auctions and financial institution repossessions dropped 5 % from August 2009 but were 4 percent higher than in July, a figure RealtyTrac CEO James Saccacio attributed to a convergence of elements which includes stepped-up financial institution repossessions and fewer initial default notices.

“On the front finish, seriously past due loans are rolling into foreclosure at an unusually slow rate, while on the back finish, the dammed-up inventory of properties already in foreclosures is moving to (lender ownership) in a steady stream instead of a flood, presumably to prevent further erosion of household costs,” Saccacio said in a statement.

Numerous states, which include Florida, have enacted regulations or made voluntary arrangements with mortgage lenders to expand the time period prior to which mortgage loans become past due in an effort to give home owners as much help as possible to maintain their properties. Sluggish house prices and a glut of supply on the market, however, continues to add pressure on some home loan holders who uncover themselves “upside down,” having to pay home loans on home valued at considerably less than what they paid for it.

Across the country, Nevada continued to guide all states from the proportion of houses in several state of foreclosure proceedings. One in each and every 84 property units in Nevada got a foreclosures discover in August, more than four times the nationwide common. August marked the 44th straight month Nevada held the dubious position, despite a 25 % drop in foreclosure activity compared to August 2009.

Arizona, California and Idaho rounded out the top five states in the proportion of properties in foreclosures. In terms of sheer numbers, California led the nationwide with 69,143 properties getting a discover in August. In Florida, 56,877 properties obtained notices for the duration of the same time period.

In all, five states – California, Florida, Michigan, Illinois and Arizona – accounted for more than half of the 338,836 households inside U.S. to fall into default.

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Comments (2) Sep 17 2010

FSBO letter.

Posted: under Realtor® Tools.
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Years ago, I was using a letter to target FSBOs. This letter had several updates time to time, making it better every time.
Now, I don’t use it anymore since I have been better, in a “on-the-spot” situation, to list FSBOs. I now list 4 on every 5 FSBOs out there without any material. You can learn that here.
But I think it can be very useful for other agent looking to hit FSBOs.

Greetings Mrs. & Mr. Jones, (check owner’s name in tax roll and make it personal)

My name is you name and I am a REALTOR® with your firm and I specialize in the listing and selling of homes in neighborhood name.

While out showing some properties in neighborhood name, I noticed that you are marketing your house on your own. I’m sure you have a good reason for doing this and I respect your decision. If you would like some information to help you with pricing, I would be happy to drop off a “neighborhood name analysis” for you. This analysis will give you a good idea of what’s currently on the market and what has recently sold in your area. If this interest you, then give me a call and I will get one over to you.

Selling real estate can be very confusing and complex. I have good connections with Mortgage Brokers and Title Companies that can help you through this process. If you do find an interested buyer, give me a call, and I’ll connect you with the right people.

I also have an excellent “For Sale by Owner Help Kit” which offers tools and advice on selling your home. I’ll forward some of this kit to you over the next few weeks. I think you will find the information very helpful. In the meantime, go check out my for Sale by Owner page at your site url.

If I can be of any assistance give me a call me on my direct line at your phone number or via email at your email. You can reach me anytime. If you get a voice message leave me a message and I will call you right back. I promise.

Make it a successful day!!!

Your name, REALTOR®,

We want to keep inviting them to call. “Call to action” phrases need to be in everything you do.

1. We let them know we are active in their neighborhood.

2. We offered them free stuff.

3. We let them know we understand the decision they have made, to go it alone, no push.

4. We made ourselves available, to help with info, if they find a buyer.

5. We let them know that we have connections in the business.

6. We told them we would be staying in touch and sending them more info.

7. We invited them to call us, again.

8. We will put pictures and.or virtual tour of their home in our site (with permission).

Notice I’m not trying to sell them. One of the keys, with FSBOS, is to remember that they are going to sell alone because they probably don’t like agents or they may have had a bad experience in the past that has clouded their thinking. Or they just don’t want to pay us. Whatever their reason I have found that just offering to help them is a very non confrontational way to start with building trust.

Your goal with the letter is to get them to call. Once they call, you want to make the appointment.

Then when you are in front of them you can “sell” them. It sounds simple but a lot of Realtor® make this mistake. They are selling when they should just be making an appointment. There is a time and a place for everything.

This is a way to list FSBOs but slower than what I teach in my eBook.

Good luck!

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Comments (1) Jan 17 2010

The Cape Coral’s strong seller’s market

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Last friday, I just got a new listing through the MLS here in Cape Coral.

It is a good looking house in the middle of the city. Priced right and even if the colors are a bit strong, the floor plan was acceptable. Since I’m looking for a home for myself, I passed by the same day alone and brought my wife for a second showing the next day, Saturday.

Cape Coral property for sale

Cape Coral property for sale

Today Monday, I just receive an answer back from my Sunday email about a question I had. The email was not an answer to my question but a solid: “This property is under contract” !

Even if I go through the MLS and react immediately, I still have a hard time to get a property for myself. It remind me the 2002-2005 golden years of Real Estate, when I listed a property, any property, and got a couple of offers the very same day.

Cape Coral, Ft Myers and Lehigh Acres area is, as I type this, in a strong sellers’ market, whatever the medias say…

So, don’t make the same mistake. If you see a property you like, put it under contract immediately, then, go see it and think about to purchase it if it is really for you. Keep that in mind!

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Comments (1) Dec 14 2009

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