Cape Coral lease options

Lease options are becoming a very popular again. We receive many calls each day, customers interested in purchasing homes in Cape Coral via lease options or some type of seller financing. It has become more challenging due to the lack of inventory being offered at this type of arrangement. Many home buyers are unable to buy because of a recent foreclosure, deed in lieu or short sale. Instead of shuffling their family from home to home they long for a place to call their own.

What is a lease option?
The Lease

The lease agreement is set up from anywhere to 1 to 3 years. First and last month’s rent included to get started. Rental rates are higher than standard rates because the tenant/buyer will be receiving part of their monthly rent towards the purchase price.

Contract for sale and purchase

This price will be based upon the projected market value at the time the lease ends and the sale is to take place. The tenant/buyer will also put a non-refundable deposit down as well. We have found that in our area the norm is between 10-20%, but can always be negotiated. The amount will also be credited towards the buyer’s closing cost and/or the actual sale of the property. This is a NON-REFUNDABLE deposit; if the tenant/buyer defaults for any reason it goes directly to the property owner.

Option agreement

An attorney will draft this portion of the agreement.

The guidelines are as follows for property owners in and around Cape Coral, FL:
You must own more that 50% LTV(loan to value) and be free of any liens.
We will collect a non-refundable deposit for you. 50% to you and the other half will go towards the full commission, to be paid at the closing of the property.

Here is an example of how a lease option would work:

You lease the property to a buyer/tenant for $1,200/month with an end purchase price of $100,000.
The buyer puts down a $5,000 non-refundable deposit that will be used towards the purchase at the end of the term (usually 1-3 years). In that time frame the tenant/buyer will be actively working on some type of financing at the end of the term.

Paid up front: $5,000 non-refundable deposit

First Month’s Rent: $1,200

Last Month’s Rent: $1,200

Total to move in: $7,400

Minus $2,500 to real estate brokerage

You will credit $100-200/month towards the end purchase price also. So say at the end of the 2 year term the buyer qualifies for a loan and purchases the house.

You will credit $200 per month for 24 months towards the purchase price ($4,800) and also credit the $5,000 deposit as well.

The house sells for the agreed upon $100,000 and the buyer has $9,800 to use for closing costs/prepaids/down payment.
You pay the real estate commission ($6,000-$2,500 already paid=$3,500) and sell the house for a net near $83,000 (after closing costs/other fees)

More benefits for of a lease option compared to a straight rental:
• Large non-refundable down payment
• Tenant who wants to buy – care more for property (less maintenance)
• No monthly management fee
• Monthly income for 1-3 years or longer
• Larger monthly income vs. rental
• Sales contract in writing

More benefits of a lease option compared with a straight sale:
• Higher sales price compared to current market/buyer
• Large buyer pool
• Defer capital gains taxes while renting

And finally benefits of a lease option compared with seller financing:
• Close in 1-3 years vs up to 30 years of holding a note
• Evict a tenant who defaults vs foreclosing on them
• Pay only part of the sales commission until property closes

As we mentioned, we have many requests each day for this type of transaction. We have many people each day dreaming of owning their own home again. If you are interested in offering your property or finding a property with a lease option, give us a call. We look forward to hearing from you

Rents on the Rise?

Are you thinking of investing in real estate in Cape Coral FL? In my opinion a pretty secure investment. We handle many calls each day; individuals and families looking for rental property and lease options.

The Florida Realtors reports that they are forecasting a large jump in what renters will be paying this year. They have attributed the hike to factors like improving job market, lack of new construction, and declining vacancy rates.

Many investors were able to this year; raise their rate anywhere between 3 and 5 percent. Most rental rates have not wavered much from the large decline in 2007.
In our Cape Coral market; we are especially experiencing the rental hike and declining rental inventory. It is quite a bit harder to secure rentals then in past years.

If you are investing in real estate Cape Coral will certainly be a great place to do so. Many families in an around our area are unable to purchase due to a short sale or foreclosure; leaving a long term rental the only other option. If you are interested in investing in Cape Coral, give us a call we can help you find many great options.

Pine Island Florida

Tourist season is about to begin again this year, soon the streets will be buzzing with out-of- towners looking for places to go and different activities to occupy their time.  Many visitors are not aware of the relatively untouched beauty less than a 20 minute car ride
from Cape Coral; Pine Island.  Pine Island is the largest island on the west coast of Florida and measures 17 mile long and 2 miles wide.  Pine Island consists of 5 communities Matlacha, Pine Island Center, Bokeelia, Pineland, and St. James City.  Each of the 5
communities unique and distinct from the other.  The island is truly unspoiled; it boasts abundant wildlife and untouched nature.  Current legislation prohibits high density, high-rise development, preserving its current state for generations to come.

Pine Island has a charm that is indescribable; it is reminiscent of a century old fishing village complete with quaint cottages and small hotels.   Some visitors describe Pine Island as reminiscent of Mayberry.  In addition to outdoor activities like camping exploring, canoeing, and fishing.  There are many things to see indoors as well. Pine Island is known for their many upcoming artists that showcase their creations in the galleries lining the waterfront, as
well as the large number of eateries that specialize in fresh seafood dishes provided from the mornings catch.  Pine Island is a full of rich history and beautiful scenery, just waiting to be discovered.

If we can help you with your buying and selling needs, please don’t hesitate to call we look forward to hearing from you,

Yours in Success,

The Florida Future Realty Team

239-542-8521

Inquiry@floridafutureagents.com

What Can I get for under 75,000

I hear the same question every day at least once “What can I get for under 75 grand in Cape Coral?”. My first natural response is “nothing”. That is not entirely true though, right now in Cape Coral we have multiple properties under that price range. Yes, they will take a little elbow grease, paint, and a few extra bucks for repair but where else in the world can you buy homes in a good neighborhood with great schools for that price? Below I have posted a few featured properties that are all under $75,000 and ready for purchase in Cape Coral. Six months ago I would have been able to show you pages and pages of these homes but now there are just a select few on the market due to the investors and savvy Cape Coral home buyers.



 

Short Sale and Foreclosures in Cape Coral

Short sales and Foreclosures are going to be abundant in this category. Be prepared to have patience and do your due diligence before purchasing one of these properties. Our knowledgeable agents are standing by to assist you through the process and educate you on the unknown.

You can Search all homes under 75,000 here
Call us at 239-542-8521 with any questions!
Or contact us at one of the below options

Florida Future Realty Inc,
2816 Del Prado Blvd S #1
Cape Coral Florida 33904

239-542-8521

Contact Us via email

Cape Coral gated community HOA fees

Cape Coral gated community HOA fees

Cape Coral gated community HOA fees explained

Living inside a Cape Coral community or development often appeals to many Cape Coral home buyers. The thought of having great amenities tucked inside a secure gate in Cape Coral is appealing. Living with others who have the same interests and perhaps a similar lifestyle can certainly be enticing. Cape Coral has many gated communities that offer diversity in lifestyle from the highly exclusive private to the amenity rich Cape Coral communities with a mix of condos, villas and single-family homes.

Living in a gated community in Cape Coral does come at a price, all communities will have some type of (HOA) home owners association fee. Often if it is a condo they may have a master fee and a condo fee, you need to pay special attention to that. The amount is usually dependent upon the amenities offered, how many residents in the community, and what services are provided.

There may even be special assessments in a community so make sure to have your agent help you research the financials of any Cape Coral community you may be interested in.

River Towers
Monthly condo fee $364.00
Included amenities: Billiards, Clubhouse, Community Boat Dock, Community Boat Lift, Community Boat Slip, Community Pool, Extra Storage, Library, Shuffleboard, Sidewalk, Streetlight, Trash Chute

Cape Harbor
• Harbor Preserve HOA fee of $110.00 per month
• Harbour Point HOA fee of $110.00 per month
• Marina South I & II, Monthly HOA/condo fee $310.00 per month
Included amenities: Basketball, Clubhouse, Community Pool, Exercise Room, Marina, Play Area, Private Membership, Restaurant, Shopping, and Tennis

Cape Royal
Annual Fee/Master HOA $665.00
Included amenities: Golf Course, Putting Green, Restaurant, Tennis, Clubhouse,proshop

Parkside at the Rivers
Monthly Condo fee of $570.00
Included amenities: BBQ – Picnic, Bike Storage, Billiards, Clubhouse, Community Boat Dock, Community Park, Community Pool, Exercise Room, Extra Storage, Vehicle Wash Area

Coral Lakes
Monthly HOA fee of $270.00
Included amenities: Basketball, Bike and Jog Path, Billiards, Business Center, Clubhouse, Community Park, Community Pool, Community Room, Community Spa, Exercise Room, Play Area,

Emerald Cove
Monthly HOA fee of $150.00
Included amenities: Beach – Private, Beach Access, Community Park, Fishing Pier, Play Area, Private Beach Pavilion

Isle of Porta Vista
Quarterly HOA/Condo fee of $1366.00
Included amenities: Clubhouse, Community Pool, Community Spa, Exercise Room

Paradise Point
Included amenities: Pool, spa, underground parking and deeded boat dock

Bella Vida
Monthly HOA fee of $193.00
Included amenities: Clubhouse, pool, tennis courts, soccer field, basketball courts, volleyball courts, playground and a picnic area with BBQ

Heatherwood Lakes
Monthly HOA fee of $139.00
Included amenities: swimming pool, cabana, and playground

Sandoval
Quarterly fee of $508.00
Included amenities: Basketball, BBQ – Picnic, Cabana, Clubhouse, Community Park, Community Pool, Community Spa, Dog Park, Fishing Pier, Play Area, Tennis, Volleyball

*****All fees and amenities are subject to change, all information should be verified*****

 

If we can help you with your search for a home in a Cape Coral community feel free to call us at (239) 542-8521 or click on one of the community links above to search through homes that are currently listed for sale.

Cape Coral summer activities

Children all over Lee County are anxiously awaiting the final bell to ring marking the start of the summer vacation. We are so lucky in Cape Coral to have so many great things for the kids to get involved in all summer long. From water parks to camps, we have it all.

Cape Coral’s parks and recreation is one of the largest organizers of events in this area. They offer camps for all ages and interests. They offer a safe, fun, and educational way for our children to spend their days. The Camps will begin the week of May 29th and go all summer ending in August. Ages 3-16 are welcomed, with schedules and themes changing weekly.

Sunsplash is also a highly sought after summer spot. Sunsplash has 14 acres of pools and waterslides, and my personal favorite the lazy river. They offer swimming lessons from ages 6months to 15 yrs, with all abilities welcome. The junior lifeguard program is available to ages 10-15; your children can get acquainted with what it takes to become a lifeguard.

Mike Greenwell’s is another local favorite, they offer Mini golf, 4 go-cart tracks, batting cages, an arcade, paint ball and much more. Spend an hour or the day, Mike Greenwell’s will always deliver on fun!

We hope you have a wonderful summer!

Interested in buying a short sale in Cape Coral

Interested in buying a short sale in Cape Coral

Are you interested in buying a short sale in Cape Coral, but aren’t sure how? We all know of someone that has been involved with this type of sale and maybe had a nightmare transaction. Good news; the more you understand this process the easier it may be to easily navigate through it.

What is your time frame? How long do you have to wait for an answer?

Most short sales on average, take about 30-60 days to receive any kind of answer from the bank. A short sale is definitely not a quick solution if you lack patience or need to secure housing by a deadline. Many consumers are leery; they know or knew someone that had a nightmare experience. The short sale may have taken 6 months or more to close; if ever. That is certainly not the norm, but it can happen.

The next thing to consider: Choosing a Real Estate Agent

A knowledgeable agent is certainly the first step in a successful short sale process. Ask questions like “have you helped a buyer purchase a short sale before?” If so, ‘how did the process go?” Then ask, “Have you ever negotiated a short sale for a seller before?” and if so, “how did that process go?” Watch for the agents’ opinion of short sales. If an agent has had a bad experience with a short sale you’ll be able to pick up on that. If they feel like they are a waste of time you’ll notice that too. Then you need to find someone who understands the process and can help you through it.

Next: View the homes

When you are viewing the homes take special note of the condition of the property. Is the property occupied or vacant? Are there tenants living there? If so, when will their lease expire? Has the home been maintained? Has it been destroyed? Keep in mind that short sales are written on an AS-IS contract; that means the seller will not pay for repairs to the property. What you see is what you get. The AS-IS contract will be discussed in more detail later.

Ready to Submit an Offer: Make sure it is written up correctly

There is a basic method to making short sales as streamline as possible with regards to the buyer’s agent. Your agent should of course called the listing agent to determine the status of the short sale. Does the seller plan to accept 1 offer or many? Have any offers already been submitted? If so, what was the outcome? Was there a previous bank approval? What were those terms? Does the seller plan to sign an offer and then take the property off of the market or do they intend to keep it available for sale?

Your offer will consist of the following:

Far/Bar As-Is Contract: This is an approved as-is contract. It does not require for the seller to be responsible for any repairs. It does give the buyer the right to an inspection. If you are not comfortable with the inspection results you can opt out of the contract with no penalty.
Short Sale Addendum: This form outlines timeframes. You can give any number of days for the seller to obtain bank approval, as we discussed the average is 30-60 days. You can make the offer’s effective date good from the time of acceptance by the seller or from the time of receipt of written approval from the bank. It is often advised that you wait for written approval as to not lose money with inspections not knowing the outcome of your offer.
Approval letter if financing: This is a letter from your lender approving your financing.
Or
Proof of Funds if paying with cash: This can be a letter from your bank stating “Mrs. Buyer has adequate funds available to close on said property for $this much money” or it can be a copy of a bank statement.

Earnest Deposit: Typically at least $1,000. The seller’s lender will want proof of this so go ahead and have it ready. It shouldn’t matter who is holding the escrow but if the seller is already working with a specific local title company it is best to have it placed there.

Seller Acceptance:

This often gets tricky for buyers to understand. The seller(not the bank) owns the property and must sign the offer before the bank will begin to process the file for approval. The seller should not take more than a couple days to sign. Keep in mind; the seller is only agreeing to sell the property if the lender agrees to a short sale.

Then you: WAIT for seller’s lender’s approval

Determine how often you’ll get updates. Do you want to know what is going on every week? Only when there is progress? Do you want to be called? Emailed? Communication is key. You and your agent should have a plan. Keep in mind that you and your agent are at the mercy of the seller’s agent. Your agent cannot call the bank for updates; he/she will only get the information from the seller’s agent.

Great News: Approval

Now your effective date starts. This means that your inspection period starts, your loan approval period starts. Make sure you work diligently on your financing because asking for an extension can be a real headache.

At Closing: One extra form

Most banks are now requiring the buyer to sign an affidavit of arms length transaction. This ensures that nothing funny is going on. Some banks are even doing background checks on buyers to verify this as well. Otherwise your closing will be handled like any other real estate closing.

Good Luck, happy buying… Check out the homes in Cape Coral for sale now that are short sales:

Hud Homes In Cape Coral

below are the most recent HUD home available in Cape Coral Florida. The homes range from $60,000 to over $150,000. To bid on one of these homes you must go through a HUD registered broker, inquire within Florida Future Realty Inc, 239-542-8521

Property Case
Address
Price
Status
Bed
Bath
Listing Period
Bid Open Date
Details 
1817 21st St SW
Cape Coral, FL, 33991
Lee County
05/17/2012
1831 NE 15th Pl
Cape Coral, FL, 33909
Lee County
05/17/2012
522 NW 21st Ter
Cape Coral, FL, 33993
Lee County
05/17/2012
1000 SW 33rd Ter
Cape Coral, FL, 33914
Lee County
05/17/2012
3223 SE 4th Ave
Cape Coral, FL, 33904
Lee County
05/21/2012
2202 SW 2nd Ter
Cape Coral, FL, 33991
Lee County
05/17/2012
1422 SW 16th Ter
Cape Coral, FL, 33991
Lee County
05/17/2012
1100 SW Embers Ter
Cape Coral, FL, 33991
Lee County
05/17/2012
158 SE 26th St
Cape Coral, FL, 33904
Lee County
05/17/2012
-918 N.E. Juanita Pl
-Cape Coral, FL 33904
Lee County
05/17/2012
www.FloridaFutureAgents.com

If you are interested in seeing more homes in the Cape Coral Area please visit our custom search page HERE. Right now you can buy homes starting under $50,000 with waterfront and pool homes starting under $150,000. See homes in any price range or search criteria 24 hours a day 7 days a week. For more information contact us at

Florida Future Realty Inc,

1222 SE 47th Street

Cape Coral Fl 33904

239-542-8521

inquiry@floridafutureagents.com

 

 

 

Cape Coral housing inventory low

In Cape Coral we have trended from an over abundance of housing inventory to some of the lowest levels in years. The reason for this change is simple. The home prices have fallen; interest rates are low, giving that little push to buyers that were on the fence. Investors are also doing their part; scooping up the last of the “bargains” making it a bit more challenging for the everyday consumer.

We can further analyze this by the absorption rate, the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. Currently there are 17 weeks of single family homes on the market. What does that mean to you?

Buyer’s Market: Over 7 months of supply
Balanced/Transitional Market: 5 to 7 months of supply
Seller’s Market: Less than 5 months of supply

It looks like there is no better time than now to purchase that new homes, vacation home or investment property in Cape Coral FL. Call us now and we can help you find that perfect property.

Foreclosure Purchasing Guide for Cape Coral Florida

Foreclosure Purchasing Guide for Cape Coral Florida

What is a REO or Foreclosure Property?
A foreclosure is a property that has been repossessed by the bank, lending institution, or investor also known as a REO (Real Estate Owned). Foreclosure by definition is “A legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payment to the lender by forcing the sale of the asset used as the collateral for the loan”. Florida Future Realty in Cape Coral provides home buyers with a REO specialist that is highly trained in the process of negotiating with the lenders to get the best price.

How Do I Get Started?
The first steps in buying a home in Cape Coral are critical to successfully purchasing your next home. Below are a few tips to get started.

Before even considering looking at a home in person you need to contact a qualified lender for a consultation. This will save you time and money!

GETTING PRE – QUALIFIED

  • A Pre-Qualification letter will let you know the estimated amount of home you can obtain financing for.
  •  A Pre-Approval letter will allow you to pin point a dollar amount you are qualified for. Also when you submit an offer the seller will see you are a more serious candidate and is less likely to cause financing delays.

PICKING A REAL ESTATE AGENT

  • Finding an agent that is qualified to assist you in your pursuit for a REO property is simple. Pick up the phone and interview potential agents in the Cape Coral area with the following questions.
  1. Are you familiar with distressed property sales and transactions?
  2. Have you successfully closed many REO or short sale transactions?
  3. Do you have any formal training for distressed property sales?
  4. Are you a licensed REALTOR®?

A great place to start is by calling 239-542-8521 or stopping by Florida Future Realty at 2816 Del Prado Blvd s#1 Cape Coral Fl, 33904.

 

FINDING THE RIGHT PROPERTY

Your real estate agent should be able to assist you in this part of the process. Be as honest and forthcoming as possible so they can narrow down the search for you.

  • Ask the agent to email you properties coming onto the market daily.
  • Search online via the agents website for potential deals
  • Keep an eye out for yard signs and write down the address for your agent

Search Foreclosures Here

 PLACING AN OFFER

After viewing all of the potential homes in Cape Coral, you and your agent need to sit down and discuss what you are thinking in terms of price. Your agent should give you comparable properties sold in the past few months to help you gauge what the property is worth and how much you should offer. Be sure and list all the items you see wrong with the property and consider them when deciding on a price. No one can tell you what to offer other than yourself.

Important to have these items ready when you sit down to make the offer:

  • Your pre-qualification letter or proof of funds
  • Check book for an escrow deposit
  • A list of any stipulations you want in the contract.
  • Be prepared to negotiate there may be multiple offers on a home listed below market value.
  • Be patient

Florida Future Realty Inc will be happy to assist you with your real estate needs. We have agents certified in multiple areas of the market ready to help. Call us at 239-542-8521 or email inquiry@floridafutureagents.com

Download your free copy today!             Download your free Buyers guideForeclosure Purchasing Guide for Cape Coral Florida


 

                       

www.floridafutureagents.com

Cape Coral home prices trending up in 2012

2012 has been a great year thus far; gaining positive momentum for our once troubled housing market. The once forgotten homes that were lost in the short sale or foreclosure process are now full of life, occupied by new loving owners, looking more beautiful than ever.  The first quarter statistics are very positive for the overall health of our local economy.  What they also show is that we have hit the bottom and have continued trending significantly upward from this time last year.

If you have ever dreamed of owning your piece of paradise, but are in need of a little nudge, here it is. In 2011 the average price for a single family home was $136,317.00, this year that same figure has increased by 22% making the average price $166,249.00.  That is just our local area, increases has been documented on a national level as well.

The Florida Realtors reported that real estate economists and analysts are optimistic that we will see a dramatic recovery in the next two years.  These economists predict that next year home prices will begin to rise by 2% and then get a larger boost of 3.5% by 2014.

These statistics coupled with low interest rates, and less stringent lending policies make now the time to buy that new home or special vacation spot.  If we can help you in any way make your dream possible give a call. We look forward to hearing from you.

 

Search All Homes For Sale
Avoid Foreclosure
What is your home worth?
Free List of Foreclosed Homes For Sale
Susan Milner
Florida Future Realty Inc.
239-542-8521
inquiry@floridafutureagents.com

Cape Coral Real Estate | Sandoval real estate listings

 

Welcome to Sandoval, centrally located in SW Cape Coral near the newest shopping & dining this community is gated and offers both town homes and single family residences. A resort style pool and dog park will keep you busy!

Sandoval Single Family Homes For Sale

Sandoval Condos & Townhomes For Sale

The different quadrants in Cape Coral

What are your specific needs and wants when searching for a home in Cape Coral FL? There is a familiar question we often get what is the difference between the 4 quadrants in Cape Coral? If you are new to the area or are searching online for a new home, this concept can be really confusing. Cape Coral is divided into 4 quadrants South West, South East, North West, and North East.  Each quadrant has its own distinct attributes, and qualities that makes it unique and special.

South East Quadrant

This is the first developed area in Cape Coral and is considered the heart of the city by most. It is positioned on the western bank of the Caloosahatchee River, with convince to Ft Myers Beach and Sanibel Island by way of the Cape Coral parkway toll bridge. SE Cape Coral’s first homes were built in the late 50’s and early 60’s, these original homes are usually smaller but don’t lack in old Florida charm and impressive native landscaping.  This area of Cape Coral is also highly sought after by water enthusiasts for its convenient and unrestricted water access; meaning any size vessel can easily maneuver through the canals, gaining quick access to the river and Gulf of Mexico. In the SE Cape many of the original homes, have been replaced with large lavish estates.  This and the fact that the utilities are in and paid demand some of the areas highest real estate values.

Communities and areas  located in SE Cape Coral:

River Towers

Park Side at the Rivers

Celebration Cape

Yacht Club

Gold Coast

Paradise point

 

South West Quadrant

SW Cape was the second area to be developed.  It is the only quadrant that has access to the Spreader canal (spreads water from the canals through the mangroves) and is bordered by a beautiful preserve full of wildlife and native vegetation. 

Because SW cape is a relatively new area, it is full of large new homes and beautiful gated communities.  SW Cape does also have a lock system in place which allows easy access to salt water; it does however limit the size of vessel.  Water lots are either situated on fresh (no gulf access) or salt water.  The fresh water canal system is what you desire; it will lead you through a chain of canals and fresh water lakes that is optimal for fishing and taking in beautiful natural habitat.  Most of SW Cape Coral has the utilities in place; however some homes may carry a balance. 

The communities  and areas located in SW Cape are:

Cape Harbor

Emerald Cove

Tarpon Point

Sandoval

Pametto Pines

Heatherwood Lakes

Trafalgar Woods

Rose Garden

Eight Lakes community

North East Quadrant

The NE Quadrant is a relatively new area that is full of new construction and vacant lots ready for development and room for growth.   It is full of superstores such as Home Depot, Wal-Mart, Target and many restaurants; chain and local located on Pine Island Rd.   More major development is planned for the future, but for now there are plenty of services available for the residents of this area.  If you are a boater this area may not be a right fit for you. All canals and lakes in this area are fresh water; the Gulf of Mexico is not accessible from this area. Most homes in this area do not have utilities in place, hence the less expensive real estate values.  If county life is what you’re interested in, this quadrant has acreage available but still in close proximity to all the amenities.   

The Communities and area located in NE Cape are:

Bella Vida

Isles of Porta Vista

Coral Lakes

North West Quadrant

This area of Cape Coral is located with convent access to areas such as Pine Island, Matlacha Pass, and Charlotte Harbor.  If you are a boater and need direct access to salt water there is an area in the southern tip of this quadrant for convince.  In addition to direct access, this area also has fresh and salt water lots.  In this area you have easy access to Burnt Store Marina, an upscale boating and golfing community as well as Coral Oakes golf course. 

The city utilities have not been extended to this area yet, the homes will be on well and septic, which will require a water system and ongoing maintenance. In this area there is a large inventory of new construction homes, available at all price points. 

The communities and areas located in NW Cape are:

West Cape Estates

Cape Royal

Quick Links:

Different canal types

Search for homes

If we can help you decided on what area fits your needs, please don’t hesitate to call we look forward to hearing from you.

Yours in Success,

The Florida Future Realty Team

Inquiry@floridafutureagents.com

Cape Coral real estate statistics

Have you started thinking about your goals for 2012? If buying a home is one of your top ten we have gathered some of our area market statistics from 2011 to help you in making a plan to achieve your dream of home ownership.  If you are on the fence about buying, I am here to tell you that prices are rising.  Last year the average single family home sold for 130,990. This year it has risen to 149,417.  That is more that a 14% increase, and to top it off 97.7% of those homes were sold in 30 days or less.  Still waiting to see if the market has hit bottom?

Thinking of selling? Now more than ever is a great time to spruce up your digs and get it listed.  Our super busy selling season is here.   We are clearing out inventory at a great pace here in Cape Coral FL, don’t miss out on your opportunity; buying or selling we are here to help. Luxury, waterfront, golf course, short sales, and distressed, we want to help you start out your 2012 with the sale or purchase of a home here in SW Florida.  Please don’t hesitate to call we look forward to hearing from you!

Happy Holidays,

The Florida Future Realty Team

239-542-8521

inquiry@floridafutureagents.com

 

Cape Coral; positive housing market predictions

It appears that after a few trouble years for our local real estate market the clouds are parting and the sun is shining brightly over Cape Coral and Fort Myers Florida.  There have been two studies performed by two separate online search giants; Realtor.com and Trulia.   They have suggested through their research we (Cape Coral)  are poised for a real estate rebound.

Realtor.com has published a Top Ten Turnaround Report.  It states that there are “6 Florida cities that were considered good bets for an upswing in sales.” This information was gathered through a formula that was created by analyzing recent price appreciation, changes in inventory, median age of inventory, number of searches through there site (Realtor.com), and area unemployment statistics.  In Cape Coral we have experienced an increase in the median home price, smaller amount of inventory, our unemployment rates  have stabilized, and we have seen recently; an influx of foreign buyers to our market.

Realtor.com turnaround list (Florida cities only) includes:

  1. Miami
  2. Orlando
  3. Fort Myers-Cape Coral
  4.  
  5. Fort Lauderdale
  6. Sarasota-Bradenton
  7. Lakeland- Winterhaven

Trulia has published a similar report, Trulia’s Metro Mover Report.

This report was designed to analyze home searching data. They have looked at the number of people that search for homes is a particular city. This study also includes people interested in rental properties. They then compare it to the number of city residents looking for somewhere else to call home.  It’s findings; an area with a high number of searches within the same city and low searched for elsewhere suggests an increase in demand for housing.

Their list is as follows: (Florida cities only)

  1.  North Port-Bradenton-Sarasota
  2.  
  3.  
  4. Fort Lauderdale-Pompano Beach-Deerfield Beach
  5. Cape Coral – Fort Myers
  6. West Palm Beach-Boca Raton-Boynton Beach
  7.  
  8.  
  9.  
  10. Orlando-Kissimmee-Sanford

If you are on the fence about buying, or looking to make a positive real estate investment, Cape Coral is a great place to do just that. If we can help you with your real estate goals, no matter how big or small, give us a call. We look forward to hearing from you.

Yours in Success,

The Florida Future Realty Team

239-542-8521

inquiry@floridafutureagents.com