Yesterday I was asked this question 2 times. I have only been asked this question once or twice before. But since the question came from 2 different individuals in one day I figured it might be on others minds as well.
Is everything so cheap in Cape Coral because the Hurricanes wiped everything out?
Cape Coral, Lehigh Acres & most of SW Florida has a high amont of Foreclosures at the present time.
The biggest reason for this is the over-speculation in the past few years leaving us with much more inventory than we needed. That followed by the lack of construction business and then of course the National economy.
Our area was not destroyed by hurricanes. Sure, we had a few Hurricanes pass through or close by in the past few years but in our area there was hardly any damage. We lost power for a few days in some areas & many homes had minor damage (i.e. shingles flew off, pool cages broken, etc). But overall there was not anything major.
The values are what they are because of the inventory and foreclosures. Now is an excellent time to be a buyer. Buyers have tons of inventory to choose from and sellers are more negotiable than ever.
And if you have any questions about homeowners, flood, hurricane or wind insurance in Florida you should check out www.ShopandCompareRates.com - it compares insurers in Florida so you can find the best rate & insurance plan for your needs. We also have several local connections if you need additional information.
We can also always assist you in finding the best home for your needs.
Give our office a call at 239-542-8521 or visit us online ~ Search Cape Coral Real Estate
Yours in Success,
Susan Milner
Florida Future Realty, Inc.
(239) 542-8521 Ofc
(239) 218-2229 Cell
Search Cape Coral & other area listings: http://www.Florida-Future-Realty.com
Susan@SusanMilner.com
Nice to know, Susan! We don't about that much in Arizona, but you never know what this planet might dish out. I grew up in "tornado alley", where those twisteers can popup in a heartbeat. At least with hurricanes, we now have some advance notice of their approach. Nice post!