Moving to Cape Coral, Florida?

Moving to Cape Coral, Florida?

Are you considering a move to Cape Coral, Florida? Looking to learn more about the communities located in Cape Coral? We designed this just for YOU! Below are some of our most sought after criteria for homebuyers. While Cape Coral is an awesome SW Florida community with miles and miles of gorgeous canals; what we are not known for are many gated communities. While we do have some great gated communities with awesome amenities, most of the homes available here in Cape Coral are on stand alone quarter acre lots. That’s why we’ve broken down searches into communities and also criteria, like pool homes & waterfront homes! We hope you find these searches useful to get started but as you know, searches are no replacement for a knowledgable REALTOR so let us know when you are ready for help narrowing your search and checking out some of these homes in person! We look forward to working with you to find your dream home or investment property here in Cape Coral, Florida. Yours in Success, The Florida Future Realty team: 239-542-8521 or inquiry@FloridaFutureAgents.com!

Gated Single Family Home Communities in Cape Coral, Florida:

Bella Vida
Cape Harbour
Cape Royale
Coral Lakes
Emerald Cove
Heatherwood Lakes
Hermitage
Sandoval
Tarpon Point Marina
Trafalgar Woods
West Cape Estates

Popular Search Criteria for Single Family Homes in Cape Coral, Florida:

Pool Homes

Waterfront Homes

Golf Course Communities

Should you buy or rent in Cape Coral today?

Should you buy or rent in Cape Coral today?

Cape Coral real estate Rent vs Buy Guide

Should you buy or should you rent? While our Cape Coral real estate office does not specifically handle rentals in Cape Coral we are familiar with rental rates and availability of rentals available in Cape Coral.

Just as a sampling I searched for available single family homes in SW Cape Coral (actually 33914 zip code). Only 21 came up in our local MLS. Of course not all owners & property managers use the MLS but a majority do. The rates ranged from one at $900 a month and the others started at $1,100 and went up from there. These were simple 3 bedroom houses, some with pools and a couple on the water. The ones on the water were over $2,000 upwards to $2,800. The average rental rate in SW Cape Coral (for a 3/2 single family home in 33914 zip code) ranged from $1500-1700/month. 

Cape Coral homes for rent in SW Cape Coral
Cape Coral homes for rent in SW Cape Coral

If you can possibly buy now you will save money. In this current market you can still buy 3 bedroom homes in SW Cape Coral for under $150,000. Let’s quickly assume you were going to obtain a 3.5% down FHA loan. The scenario would look something like this:

Purchase Price: $150,000

Down payment required: $5,250

Ask seller to pay up to 3% of your closing costs: $4,500 credit given towards closing costs

Possible interest rate: 5%

Loan Amount: $144,750

30 year loan

Insurance: $1,200/year (guestimates)

Taxes: $1,500/year (guestimates)

Your total monthly mortgage payment would be: $773.00 plus $118.00 for PMI

If you escrow in (usually required) your taxes & insurance that would be a total of $1116.00 per month.

Over a 5 year period that is a savings of $23,040.00 in payments alone (comparing $1,500 a month in rent) (90,000-$66,960)

If you figure even a 3% value increase each year you’d earn an additional $22,000 making the total savings (without factoring in repairs/maintenance)  $45,040.00

SW Cape Coral homes for sale under $150,000

You own your own home and have the security of knowing you are the one in the driver’s seat. Sure, you’ll need to make sure you have money in savings in case something needs repaired on your Cape Coral house. 

Ready to start your search for your new Cape Coral home? You can do that here: Search Cape Coral homes for sale. You can also call us at the office at 239-542-8521 or email inquiry@floridafutureagents.com to get started! We look forward to hearing from you!

Florida Future Realty and Fannie Mae homes around Cape Coral Florida

Florida Future Realty and Fannie Mae homes around Cape Coral Florida

* Update as of Jan 2014: With the conversion from Rapattoni to Matrix it appears our ‘attached documents’ are not being shown. If you have access, please check rapattoni for the documents. Otherwise, you will find everything you need below or you can go to www.Homepath.com for instructions as well. *

 

Real estate agents in and around Cape Coral and Fort Myers Florida, we appreciate your help in selling our Fannie Mae listings. We want to make the process as easy as possible for you & your buyers so we’ve created this page to assist you with the process. Fannie Mae requires certain forms and information to purchase their listings. Below you will find the necessary forms and details to assist you with your Fannie Mae offer.

 

Offer Negotiation & getting in touch with us

Fannie Mae, through the homepath.com website has loads of information to assist you with your offer and closing as well. But we know that the first couple offers you put in may seem a little challenging at first. We want you and your buyers to have an easy time with the process and encourage you to call or email our office for assistance you cannot find through our site, mls or through fannie mae’s information. Typically speaking an email or text gets a faster response than leaving a voice message but please if you call and reach our voicemail leave a message and wait for a call back. We do return all calls promptly but sometimes we are on the other lines or with a customer. When you keep calling multiple times in a row it creates more work for our staff and agents. Your time is very important and we realize you are eager for status information but please allow us a reasonable timeframe to get back with you.

 

Property Status, Is it still available? What about the first look period? Are you still accepting offers?

You’ll find that 99.9% of the status’s are going to be correct in the MLS but once in a great while you may see an incorrect status prior to us being able to make the change. This can happen because we are negotiating in homepath.com and also through our communication system with Fannie Mae and then updating the MLS once we have a status change. Every once in a while you could find the information incorrect on homepath.com as well but we strive to keep everything correct. You can see the 15 day first look countdown on Homepath.com. It may not be identical to days on market in the MLS. This could be for many different reasons but the typical reason is if it went off the market with an offer and then back on (Fannie Mae requires 15 days ON the market total prior to taking investor or second home buyers offers).

 

Fannie Mae Addendum and other Forms

Below is a list of documents commonly used when presenting an offer to Fannie Mae. Fannie Mae is very strict on having the contract & addendum filled out correctly. This includes proper information & signatures & initials where required. Our ‘how to’ form goes over it all but if you need any extra help let us know.

Fannie Mae Addendum to the Contract required on ALL offers – must be filled out completely properly (verify you are using the most recent version by checking on Homepath.com)

FAR/BAR As-Is Contract for Sale & Purchase – required on ALL offers – must be filled out completely & properly (always use the most recent version)

Owner Occupied Certification – required on ALL offers involving an Owner Occupant (end user/primary resident) – buyer & agents must sign

Fannie Mae CoverSheet – while this isn’t required, it helps us immensely in creating the final draft for all parties to have correct information

Proof of funds or Pre-approval letter – required with ALL ACCEPTED offers (and can help with initial offer getting accepted as well) (you get this information from your buyer or their bank or lender) If buyer is financing we need at minimum the following to be able to submit their offer: Mortgage/Bank/Lender Co name, person handling file’s name, phone #, email address, type of loan, % or amount putting down, % rate of loan.

Lead Based Paint Disclosure – required with ALL offers on properties built 1978 & prior

How To Submit an offer & instructions for agents to make sure their offer is put together correctly (official homepath.com)

How to Submit an Offer – for agents to make sure their offer is put together correctly (created by Florida Future Realty to help)

How to Submit an Offer for Customers – for agents to give to buyers to help them when they are not in front of an agent when completing the offer & other forms

Homepath Resources – links to resources to assist you with your offer

 

I put in an offer, when will I hear back?

This question cannot be answered with a simple answer. If there are no other offers in and your offer was put together 100% correct in most cases you’ll hear back within 48 business hours. However if there are multiple offers you will go into a ‘multiple offers / highest & best’ period. If your offer isn’t the one Fannie Mae decides to counter first you may not hear for several days to a couple of weeks. This is typically because Fannie Mae is countering back and forth with another offer. That is usually good news for your buyer as another offer hasn’t been accepted yet. Keep in mind you can also change or rescind your offer at anytime until acceptance. Should you be the offer to be countered first keep in mind that Fannie Mae could have 1 or several other offers sitting there so if you really want the house you need to think about putting your best offer forward or they can move on to the next offer.

 

Why do I keep missing out on all the good deals??

Feel like you keep missing out on the good deals? We send out a Coming Soon email with our assigned properties prior to the actual listing going live. This can give you a head’s up to be prepared for a great property coming on the market. You can also set up a search on homepath.com and set it to automatically send you ‘coming soon’ properties as well from any listing agent. Keep in mind that coming soon may mean tomorrow and it may mean 2 weeks.

Anything you think we missed here? Let us know and we’ll add it!

 

Our office recently moved and we are now located in Central Cape Coral at 804 Nicholas Pkwy E, Suite 3, Cape Coral, FL 33990. Our number is the same: 239-542-8521 

Yours in Success,

Susan Milner

Florida Future Realty, Inc.

Condos in Cape Coral with Gulf Access under $300,000

Condos in Cape Coral with Gulf Access under $300,000

You can still buy a Cape Coral property on a gulf access canal in Cape Coral for under $300,000. The prices are inching up but there are still many great buys in Cape Coral waterfront living. While you are looking through homes keep in mind that to stay updated you can set up a search and have listing emailed right to your inbox as they come on the market. It is easy, free and we won’t bother you unless you ask us something.

Gulf access condos under $300,000 in Cape Coral for sale.

Gulf Access Homes in Cape Coral for under $300,000

Gulf Access Homes in Cape Coral for under $300,000

You can still buy a Cape Coral property on a gulf access canal in Cape Coral for under $300,000. The prices are inching up but there are still many great buys in Cape Coral waterfront living. While you are looking through homes keep in mind that to stay updated you can set up a search and have listing emailed right to your inbox as they come on the market. It is easy, free and we won’t bother you unless you ask us something.

Cape Coral Coming Soon Listings

Cape Coral Coming Soon Listings

Be notified first about Cape Coral and Fort Myers Fannie Mae properties BEFORE they are listed. Just enter your email address and make sure you confirm your subscription.


* Listings sent by Susan Milner of Florida Future Realty, Inc. and can include Fannie Mae, other REO listings and even short sales. Weekly email with our most up to date coming soon listings that haven’t been put online/MLS yet. Unsubscribe at anytime. Your info will not be shared, sold or otherwise used without your permission *
Florida Future Realty, Inc.

804 Nicholas Pkwy E, Suite 3

Cape Coral, FL 33990
(239) 542-8521

5570 Whispering Willow Way in Emerson Square Fort Myers

5570 Whispering Willow Way, Ft Myers, FL 33908

Emerson Square home for salefort myers home for sale5570 Whispering Willow Way in Emerson Square was just listed! This 3 bedroom, 3 bathroom home with an inground pool and lakeview is the best deal in Emerson Square.

Call our office for details: 239-542-8521

Not what you were looking for?

Search all the homes currently for sale in Emerson Square in real time:

Emerson Square homes for sale

Veterans Investment Zone

Cape Coral Veterans Hospital and the Impact on the Cape Coral area Community

In 2010 construction crews broke ground and the much anticipated project had begun. Cape Coral’s very own Veterans Hospital with over 200,000 square feet of space. Before this hospital was built, the closest VA hospital was a 2 and ½ hour car ride away yet SW Florida has one of the largest condensed population of Veterans in the country. Come the end of 2012 our county will have a state of the art facility available right here for our veterans.

So what does this have to do with real estate? A little something labeled the Veterans Investment Zone (VIZ). The Veterans Investment Zone is the surrounding area around the hospital of undeveloped land with massive amount of potential. The city has approved certain incentives for development of commercial and industrial industry. You can search some of the properties here. With prime location just between Cape Coral and Fort Myers we are expected to have hotel chains, restaurants, medical office suites, and much more all within a short time period. If you can find anything available in the area then you should seriously consider investing.

 

The City of Cape Coral has offered incentives and is encouraging businesses to take advantage of the opportunity for growth in South West Florida. Visit the City of Cape Coral website for incentive plans.

Interest rates are at an all time low according to CNNMONEY:

Rates on the 15-year fixed mortgage, which is popular among those looking to refinance, fell to 2.97% — the first time it has dropped below 3% since Freddie Mac began tracking the weekly data.”

Contact an agent at Florida Future Realty today for more information today on real estate and Cape Coral information.

239-542-8521

inquiry@floridafutureagents.com

www.FloridaFutureAgents.comCape Coral Veterans Hospital

 

Looking to reach the VA Hospital in Cape Coral? Their phone number is (239) 997-0626 and are located at 2489 Diplomat Pkwy E, Cape Coral, FL 33909.

Cape Coral Featured Listings

Cape Coral Featured Listings

Cape Coral houseCape Coral real estate brokerage, Florida Future Realty Inc, welcomes you to our site. We have a wide variety of homes and land available from waterfront pool homes to vacant land in Cape Coral. Check back often to see what we have added to our home inventory or just sign up for email updates and receive any new Cape Coral real estate listings that meet your criteria via email.

 

Our real estate listings are easily viewed all over the internet for maximum exposure. We use unique marketing techniques as well to draw attention to the listings we represent so they’ll stand out against the competition. Your house could be featured here as well. To add your home to this page please call 239-542-8521 for your no obligation listing presentation and Comparable Market Analysis. Click Here to fill out our contact us form. See a sneak peek at  Florida Future Realty’s  Marketing Plan. For full details pick up the phone and make your appointment today. We look forward to hearing from you about selling your Cape Coral property.

Florida Future Realty Inc
1222 SE 47th Street
Cape Coral Fl 33904

239-542-8521
inquiry@floridafutureagents.com

 

Unless otherwise noted all content is copyright Florida Future Realty, Inc. and my not be used without express written permission.

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

502 SW 28th St, Cape Coral, Florida 33914

Cape Coral Waterfront Pool Home in SW Cape Coral

THIS PROPERTY IS PENDING SALE BUT WE HAVE MORE EXCELLENT WATERFRONT DEALS FOR YOU! HOW ABOUT UNDER $200,000?:

WATERFRONT HOMES IN CAPE CORAL UNDER $200,000[idx-platinum-widget id =”826-31914″] 

Ready to live on the water in SW Cape Coral? Check out this large home ready for a new owners fix up. Located in desirable SW Cape Coral near all the newest growth in Cape Coral. Situated on an oversized, fenced in lot on intersecting canals! Fish or boat from your backyard. Large inground pool in back overlooks the dock and canal. 4 bedrooms plus 2 separate living areas too. Kitchen comes with all appliances but since this is a short sale everything is being sold as-is. The 2 car garage is separate but you stay under roof to get in the main house. This house is truly unique and doesn’t look like every other house in town. Private area at the end of the street. Plenty of mature landscaping and yard. The master bedroom has a huge walk in closet and both shower and jetted tub. Nearly every room has a ceiling fan too. Hurry up and schedule your private showing today by calling us at (239) 542-8521.
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Susan Milner
Florida Future Realty Inc.
239-542-8521
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Most Desired Zip code in Cape Coral 33914

33914 has been the most desired zip code for years now and for good reason. The overall home value is higher, the neighborhoods are clean and Cape Harbour Homesthe houses are mostly new. Waterfront property in the 33914 Zip Code generally sell for a bit more than say the 33904 zip code. The area has some of the best restaurants and the only resort in the city. The traffic is minimal compared to the rest of the city and there is very little major commercial property.

Local 33914 attractions

Rum Runners Waterfront Dining, Marker 92 restaurant, The Joint, The Lobster Lady Seafood Market and Bistro, Duke of Germany, are all great choices for an evening out with the family. Tarpon Point resort is a high rise luxury resort with shops, Marina, hotel, and condos for luxury living.

Tarpon Point

 

Cape Harbour