One of the questions for those currently considering a Cape Coral real estate investment is how much will I be charged for utility assessments. At this time, both areas Southwest 6/7 and North 1-8 above Pine Island Road are being targeted for utilities. In the Southwest 6/7 area water, wastewater and irrigation are proposed, in [...]
[more] →Now that we are a few years removed from a major hurricane, the News-Press reports that insurance carriers are taking a renewed interest insuring homes in Southwest Florida. Homeowners are saving hundreds of dollars on their property insurance thanks to increased coverage options and their own efforts to claim discounts for their homes’ storm resistance. [...]
[more] →The most expensive home to sell in Lee County Florida during June 2009 was a Captiva gulf-front single family home located at 16600 Captiva Drive, Captiva. This Gold Coast estate is 13,140 SF and features 6 BR and 8 BA on a 1.12-acre beachfront lot. The selling price was $7.25M / $551 SF. Congratulations to [...]
[more] →Time Magazine covers the topic of property tax expectations for those who have recently purchased foreclosed property in Florida. In Florida, taxable valuation is based upon average values of homes in a given neighborhood, and not based on individual transaction values. What this means is that although you may have found a screaming deal on [...]
[more] →The Chicago Tribune reports that experts are predicting a surge in the number of foreclosures due the expiring of government programs instituted by the Obama administration. Lenders have delayed foreclosure actions to get as many borrows as possible into federally sponsored programs including the Home Affordable Modification Program. The Obama administration is racing to avert [...]
[more] →The Lee County Court System created a “Rocket Docket” to expeditiously work through the 30,000 pending foreclosure cases. To date, the court has worked through approximately 6,000 cases and the backlog of foreclosures is now under 24,000 cases. If you are looking for a deal on a Southwest Florida foreclosure home, here are resources that [...]
[more] →Buyers are jumping into the Cape Coral market finding foreclosure deals at highly discounted prices. In June, 644 homes were sold in Cape Coral, up dramatically from previous June sales numbers. Currently comprising over 60% of the sales, Cape Coral foreclosure homes are moving at a brisk pace. Here is an NBC2 video clip highlighting [...]
[more] →Our Lot: How Real Estate Came To Own Us, a new book by Alyssa Katz, prominently features the Lee County real estate bubble. The Lee County chapter focuses on the flipping that occurred in Lehigh Acres during the height of the market run-up. Anyone who participated in the Lehigh flipping frenzy will certainly want to [...]
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