cape coral real estate: Condo's Are Like Lepers - 08/20/10 05:59 PM
I don't get it. I have a condo in Cape Coral that is going to the court house steps next week. They are in a great area.The price is under $70k; only a couple of years old. They don't have defective drywall. The complex has a pool and the complex is located in a high end neighborhood.
Yet, even the two foreclosures haven't sold. This is my first short sale that I haven't been able to rescue and get to a successful closing. I don't even know what to say to my seller except I'm sorry, I really thought we could … (1 comments)
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cape coral real estate: The Wealthy Moving to Lee County - 07/07/10 09:02 AM
I had an eye opening 4th of July. One of my friends asked if I had seen the Forbes article on where the wealthy were moving? I said no. She said the rich are moving to Lee County and Collier county. WOW! I decided to do my own research and checked out how many over $1,000,000 homes have sold in the past 3 months. Are you ready? According to the state site there were 103 homes SOLD in Lee County. WOW again!
It seems that the sales are spread evenly among Cape Coral, Fort Myers, Sanibel and Bonita.
They are … (1 comments)
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cape coral real estate: Cape Coral Frost has Not Chilled our Market - 01/23/10 10:27 PM
We bundled up and were complaining like crazy, but we are in SW Florida and we are not supposed to have a freeze. Then we had days of the same. I've been here for 17 years and have never seen weather like this. Well, the frost has done some heavey damage. All the leaves fell off my boganvelia and even palm fronds are falling off. The grass has turned brown all over town. We are looking crispy.
The real estate market is still hot and moving very quickly. Dec. numbers were another huge number. These deals just keep coming and so do the buyers. … (1 comments)
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cape coral real estate: Cape Coral is "On Fire" - 08/23/09 08:45 PM
The News is "property IS selling!
Housing is a hot commodity in Cape Coral. The stock market have you scared? I don't blame you. It scares me to death. What kind of interest are the banks paying? 2%-2.5%. Yipee!
My advice is not free but it is priceless.
Come on folks. Don't miss this bus. I don't think we will ever see this again. We have people flying in from all over the world to buy these deals. We have multiple offers on most everything. Who wouldn't? Prices are far below anything you could build. There is still plenty of inventory, … (1 comments)
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cape coral real estate: The Train Has Left The Station - 05/19/09 07:50 AM
Inventory is continuing to reduce. That is great news for the economy. If you are looking for your piece of paradise, it is time to BUY! Hesitate not! The word has spread and folks from all over the world have come to buy their dream in SW Florida. The national news talks about the amount of foreclosures in our area. They are such amazing deals.
Plus, First time buyers can snag $8,000 in government money. This is huge!
The builders are looking to come back to the marketplace. That is the sign of recovery. Don't despair, the deals are still there. … (0 comments)
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cape coral real estate: Headlines Say It All in SW Florida - 05/07/09 06:31 AM
We were first in, first to drop and first to recover. The numbers say it loud and clear. In April, Cape Coral had nine new building permits and there is a large increase in remodeling permits. These permits are for pools, docks, commercial and other fix ups. The deals of neglected homes are being snapped up and fixed up. These homes are fulfilling lots of dreams. It is a 27% increase since the beginning of 2009. That is huge.
Folks bemoan the loss of property values and the foreclosures. This news made national media attention and has brought buyers from all … (0 comments)
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cape coral real estate: Buyers are giddy with their deals. - 04/03/09 07:39 AM
Buyers are giddy with their deals. I won another one but we had to up the ante to get it. Was it worth it? You bet it was. We looked at 25 homes. 20 homes were in need of much repair. Unfortunately you can't tell that on the MLS. There is no smell-o-vision as yet. Plus agents don't necessarily take pictures of the bad stuff. Those homes will be great for the fixer upper contractor guy.
Now that we had 5 to pick from, they needed to pick the one that best suits them. One went pending that day. Now we … (3 comments)
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cape coral real estate: Challenging Foreclosures - 03/25/09 09:36 PM
We were supposed to close a bank owned home today. Last week I checked with the bank's title company which is out of the area. They said the County was slow to record the title, but they expected it soon. I checked Monday with the county and found that the bank had bought the property back 6 weeks ago. My question was who dropped the ball. Why wasn't this title changed to the bank? After some digging I found out that the transfer tax of $.70 (yes the number is seventy cents) was not paid so it was just sitting there not being recorded. If … (5 comments)
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cape coral real estate: Waterfront Steals and Deals - 03/19/09 09:22 AM
Waterfront Steals and Deals in Cape Coral
As of today Cape Coral has 26 Gulf access homes that are bank owned. These foreclosures range in price from $159,600; a 3 bedroom 2 bath direct access to a luxury home over 3000 sq ft offered at $664,500. This home sold for $1,050,000 in 2005. These are deals.
They aren't making any more waterfront. It is irreplaceable. Since Feb 1, 2009, 89 gulf access homes in Cape Coral have gone under contract and 88 gulf access homes have closed.
You decide. Is it time to buy? You bet it is! Be informed. Be smart. … (2 comments)
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cape coral real estate: Chinese Drywall update - 03/19/09 09:17 AM
Wow, just another thing to make you crazy. Upon hearing the report my husband and I went out immediately to check out some of our listings. Thank goodness we were safe. The home inspector I have used for years was telling me that there was a ton of it out there. He is finding it all the time. So, be careful. Make sure your inspectors are checking for this stuff.
He did a home inspection for me yesterday and I called him to see how it was going and he said "You know about the Chinese drywall?" My heart stopped. Oh … (0 comments)
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cape coral real estate: I TOLD YOU SO! - 02/25/09 06:53 AM
Last night Lee County Market Watch confirmed what we in the real estate business already new. The market is hot. Ask any seasoned real estate agent and they will tell you this; " I've had these buyers out for 2 days from 9-5. Every time we go to write an offer I find the listing agent has 5 to 10 offers already in on the property." This story is being played out all over town. Buyers are frustrated. Realtors are exhausted. Buyers come in with the preconception that prices are still falling. Frankly, I don't see that. There are just too … (5 comments)
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cape coral real estate: Obama is Coming to SW Florida - 02/09/09 08:00 AM
Obama is coming to SW Florida. Is this a good thing or more bad? He is trying to sell his stimulus package. Is he using us or helping us?
People are lining up for tickets to see the man of change. Well, I doubt he is handing out checks like "The Millionaire"; Remember that TV show? He is coming to highlight just how bad things are in Lee County. More focus on bad. The New Yorker this week and the New York Times are just continuing a slam on SW Florida. I know that disaster sells news.
This is OLD News. Bad … (6 comments)
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cape coral real estate: New Year and New Attitude in Cape Coral, Fort Myers - 02/03/09 07:50 AM
Real Estate in Cape Coral and Fort Myers is moving very well. The buyer inquiries are tremendous! It seems the word is out that HOT properties can be found is SW Florida. I know that is true. I had a buyer put the amazing pricing like this; "What I'm buying is just the supplies to build a house. I'm getting the land and construction cost for FREE. I know I wont be able to duplicate this again." So if if you are thinking of waiting, that could be missing the opportunity. You know the old saying. "Should of, could of, would of".
… (0 comments)
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cape coral real estate: Cape Coral Home Sales Shrinking Inventory - 11/25/08 07:02 AM
Cape Coral home sales have been on the rise. Inventory is shrinking
Cape Coral's numbers today are:
4142 single family homes for sale. (500) less than this summer.
511 are bank foreclosures
2050 are short sales
596 Contingent and active contingent
787 under contract
352 Sold in the past 30 days
446 Sold in the previous 30 days
447 Sold in the 30 days before that.
Homes in Cape Coral are moving and people that had been shut out of the market with the inflated 2005 pricing are excited to have their piece of paradise. Interest rates are still low … (0 comments)
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cape coral real estate: Foreclosure Videos in Cape Coral - 09/15/08 07:19 AM
I am hosting foreclosure videos in Cape Coral and Fort Myers. In this amazing new market with these low interest rates and low, low prices I want to give the buying public a glimpse of what is out there. Each week I will have a house or three for you to look through and I am posting them on YouTube. The first one is http://www.youtube.com/watch?v=i7L0Iv99Vyc. I had a few others but there was technical difficulties with the wind. Each week we are selling amazing homes and amazing prices. Our buyers are so excited. But, be warned. The word has spread and these deals usually have … (0 comments)
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cape coral real estate: Job growth in SW Florida - 09/11/08 07:13 AM
Job growth in SW Florida
We seem to have made another list of not good news. I on the other hand look at the positive side of this. Job growth should not be a surprise due to the building industry being our industry. My surprise is that other companies have not taken the opportunity to move to SW Florida.
It seems to me to be the perfect opportunity with an abundance of labor force looking for employment, deals on land and buildings abound and the CEO's and work force that would transfer with housing prices at amazing low prices. Operating costs … (0 comments)
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cape coral real estate: Gold Medal history being made in Cape Coral and Fort Myers - 08/18/08 07:01 AM
Gold Medal history being made in Cape Coral and Fort Myers
8 Gold Medals. A super human feat. That's what it feels like in Cape Coral and Fort Myers. We are at a point that is history making and will be talked about for years to come.
The effort used to help people get out of the trouble they have found themselves in and the buyers who are so thankful for the opportunity to be buying at this level in this beautiful area. This opportunity will not come around again.
My career as a Realtor has spanned 28 years and I have not … (0 comments)
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cape coral real estate: Cape Coral and Fort Myers #1 in Foreclosures - 08/15/08 08:45 AM
Cape Coral and Fort Myers wins the #1 spot in Foreclosures in the US
Foreclosures in Cape Coral and Fort Myers are not what we envisioned for the future of our area. On the same news channel we are watching Michael Phelps take on Gold medal after Gold medal.
This is your opportunity to get the Gold in this unbelievable market. Because of the overbuilding of speculative homes people are lining up to take advantage of all these beautiful foreclosures.
I just sold one to a young family with 3 children and the home is crystal clean and in beautiful shape. … (1 comments)
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cape coral real estate: Cape Coral and Fort Myers increasing sales - 06/30/08 08:20 AM
Everyone I talk to seems to have a more positive attitude about the real estate future. Dr. Yun (NAR's chief economist) spoke at Miami Board of Realtors International convention and reinterated that we are showing signs of recovery.
His article in this months Realtor magazine continues to point toward growth.
"First, the good news: Home sales have stabilized over the last seven months and are expected to increase measurably in the rest of 2008. And the subprime lending crisis is almost past; the balance of this year will be about cleaning up that mess." Dr. Lawrence Yun
He also talked about … (0 comments)
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