My opinion is that now is the best time to be a first time homebuyer in our area. The prices of homes have actually been declining making them once again affordable. In SW Florida we experienced price appreciation of 20-30-40-50%+ a year depending on type of property & location over the past 2-3 years. We knew this couldn't go on forever but it was fun while it lasted.
Now the market is adjusting back to normal. First time homebuyers are able to take their time to research, plan & make a decision on the best options available. Last year, they had to move quick & often times make offers ABOVE asking prices. Now, with more options available you can actually make offers BELOW asking prices & GET THEM ACCEPTED.
There are NICE homes in Cape Coral under $75,000 again. There are brand new ones under $120,000 again. These prices are lower than they've been in about 5 years. Now is the time to buy. First time homebuyers, stop renting or living with your parents - you can't afford it. A new home is now affordable here.
We have designed a great new site just for the first time homebuyer with articles, advice & contact information to the best 'team advisors' around. Get your team in place today & find your own home while the market is down. Take advantage of the buyer's market & don't be left on the sidelines when it starts going back up.
Search all Cape Coral real estate for sale now!
I hope to see you there soon!
Yours in Success,
Susan Milner, e-PRO GRI REALTOR