I wish that I had a dollar for every time that I get asked, what will the owner take for that property? I usually pause, rub my hands over my virtual crystal ball and proclaim once again that over the last three years over 50,000 properties have sold in Lee County and the average selling price is 94% of asking price.
[more] →
With over 400 miles of canals, Cape Coral has a significant amount of water front real estate. From Riverfront estate homes to condos on gulf access canals and modest single-family homes on freshwater lakes, Cape Coral has a waterfront home for nearly every lifestyle or budget.
[more] →
Since its early beginnings, Cape Coral has been an attractive location for real estate investors. With relatively affordable property prices, a tight rental inventory and a growing pool of renters, it is possible for real estate investors to generate positive cash flow for their Cape Coral investments. Much of the housing stock in Cape Coral is not inside the gates of a communities with high HOA fees that eat into investor returns.
[more] →
The common theme from our team this past quarter was that buyer expectations were not aligned with the realities of the real estate market here in Fort Myers. Many out-of-town buyers showed up expecting to “steal” a foreclosed or short sale property for a HUGE discount off the asking price. The reality of the market [...]
[more] →
Short sales can offer real value for buyers of Fort Myers area real estate. Often short sale properties are in good shape as the owner is living in the home and cooperating with the lender. Many of our buyers are finding good value in the short sale sector of the market right now.
[more] →
Based on data from realtor dot com listings, AOL Real Estate has identified the Fort Myers market as having the 8th highest real estate price increases in the country for the 12-month period ending February 2012. The 12-month median price increase for Fort Myers weighed in at 15.59%.
[more] →
We often get asked, what will the bank take for that property…..will they accept an offer of 50% of the asking price? Unfortunately the answer is no, banks are not considering those type of low-ball offers.
[more] →
Morgan Stanley analyst Oliver Chang recently declared that 2012 will be “The Year of the Landlord.” Chang further elaborated that “Rents are rising, vacancies are falling, household formations are growing and rental supply is limited,” the Morgan Stanley report stated. “We believe the demand for rental properties will continue to grow.”
[more] →
There are many homes and condos on the market in the Fort Myers area that were originally constructed with Chinese drywall, but are now being marketed as “fully remediated.” Many buyers are intrigued, but struggling to move forward with these properties. Buyers looking at these homes are asking:
[more] →Fort Myers MLS Search
Fort Myers Map Search
recent comments