Cape Coral Real Estate

I came across this new listing located in Lehigh Acres. It has some features that I was looking for, especially in Lehigh Acres, as at least half acre lot, s-tile roof, large square footage and a pool. I’d like to have some water behind, but for the price, it is a nice deal.
I finally ended up offering $5,000 more than the asking price with a hope that this time, I’ll get the deal. I have offered less than asking price and full asking price in the past and lost the deal each time. Cape Coral is becoming a strong seller’s market, whatever people are saying.
I’m waiting an answer from the seller very soon now and see from there.
I can’t wait to get there and keep doing my job in a different area.

Comments (0) Jan 15 2010

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

Comments (0) Jan 08 2010