Buyer’s market or seller’s market in Cape Coral Real estate

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The number of foreclosure has hit the its lowest level. Today, when I checked those bank owned properties for Cape Coral, there were only 214 units. For your information, there were 1085 in December 2010. And that’s most likely why we see more interest in the non distressed market, often with multiple offers.

All is all, there are 1774 properties for sale in Cape Coral and we have experienced 451 sales in the last 30 days. That’s mean we have about 3 months inventory out there, making it a seller’s market now. And if you add the fact that multiple offers occur more often now, buyers have a harder time to have their dream home under contract. That is exactly what my french speaking buyers from France experienced. They use to make a search online for ” maisons a vendre a Cape Coral “, find me there, give me a call to begin the search and get very frustrated after looking around for a few weeks, seeing nothing good is available anymore.

Cape Coral luxury foreclosure

Cape Coral luxury foreclosure

The thing is, today, if you plan to buy a property here, be prepared. Get your financing handy, bank letter, pre-approval. And once you see a property you like, make that offers good enough to have the seller put his signature on your contract. Unfortunately, if you don’t act quickly, chances are the property will be pending before you realize it. Prices are still the lowest in the nation here, especially if you compare the amenities that Cape Coral is offering with cities in the middle of Tennessee for example. Not only the weather is more attractive, let’s face it, but also the proximity of the water, with the gulf of Mexico and the beaches.

So, in my opinion, 2012 shows the switch from a buyer’s market where sellers were waiting for a single offer to show how low was the price offered to a seller’s market where the buyers are competing so ferociously to have a chance to buy that property at often a price above the asking price.

If you are entering the market for selling or buying a property in the Cape, give me a call or send me an email. There is still time to find your dream house at an excellent price, but don’t delay.

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Comments (0) Mar 25 2012

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

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

Unbelievable strong SW Florida seller’s market!

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I made a couple of offers this week. Both were full price offers, one on a property in Cape Coral and the other one in Lehigh Acres. Thoses properties were freshly on the market that I put an offer right away. And I said right away, because those offers are number 8 and number 9. I have had no success with the first 7 properties for different reasons: too late or offering a 3% to 10% below asking.

But I learn from my mistake and I was offering a full price, the first day. Well, guess what, My offers are a back up because the banks have accepted what I think are better offers. But again, I will learn from this and will offer more than asking price for the next ones.

The amazing strong SW Florida seller’s market remind me when I was living in Pembroke Pines and had multiple offers the very same day when I put the listing on the MLS. If I was purchasing foreclosures or maybe even short sales, I can easily understand the multiple offer situation. Or maybe I should focus on foreclosed properties and offer twice the price, ending by paying a fair market value. But when it occurs with regular homes, it’s obvious that medias are spreading inaccurate information.

Here in TN, at least East TN, it is still a deep buyer’s market, but without any. I see 20% CAP rate investment properties getting no showing, and therefore, even less offers, or this 3bed/2bath residential with no taker at a mere $25,000, bought from the builder in 2005 for $140,000. Not even investors are showing up to buy those which rent for about $950-$1,100/month!

It seems that few miles will make a huge difference these days…

2207 NE 1st Ave, Cape Coral, FL

2207 NE 1st Ave, Cape Coral, FL

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Comments (0) Jan 08 2010

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