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, but those who hesitate... .
Have you dreamed of your vacation home in Florida or your permanent residence; blue sky, crystal white clouds, palm trees swaying in the breeze and the occasional pelican cruising by. What are you waiting for?
Looking to make money on rental property? Well, get off that fence. I have investors taking their money out of the bank and buying as much property as they can. They have the five year plan. The rent alone makes good interest on your money. Now, factor in the market increase in 5 years. Now we're talking a real investment.
As of today 8/22/2009 these are the statistics on single family homes in Cape Coral.
Foreclosures 236
Short Sales 691
Regular Listings 1081
Total Listings 2008 homes
Pending 937
Active Contingent Short 1126
Ready to close 2063 homes
Closed past 60 days 1205 homes
You tell me, is this market hot? I certainly think so.
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