Residential Lots for Sale: The Best Time to Buy and Sell is Right Now – Residential lots for sale have long been hot commodities in Cape Coral, Florida. Over the past few years, the market has been characterized by steady growth and high transaction cost averages that have accompanied recovery. These trends are set to continue according to recent projections by industry observers. The mortgage loan group Federal Home Loan Mortgage Corporation (also known as Freddie Mac) said in its latest report that extrapolating from developments in the first quarter of 2015, the volume of home sales will be the best since before the subprime crisis in 2007, citing generous mortgage rates, good prices, and a healthy credit market along with increased pending home sales and purchase applications as the primary drivers of growth. The report also forecast 2015 economic growth at 2.6 percent. Sellers and buyers alike are expected to benefit from low interest rates throughout 2015, due in no small part to lower oil prices as well as global geopolitical unrest and nuclear diplomacy keeping inflation in check. In addition, the end of the very cold winter means that there would be a looming demand for home sales in the succeeding quarters, with numbers estimated at 5.6 million transactions for the whole year. The flip side of the vibrant recovery over the past few years is that base prices for residential land for sale are expected to rise, making affordability worse come the latter part of the year. This is expected to lead to fewer good bargains by the tail end of 2015. Complicating matters is that the… Continue Reading
Cape Coral Lots for Sale: The Assistance of a Professional is a Must – In selling a residential property, the standard route is to tap the services of a professional such as a real estate broker. In the past few years, however, a significant number of owners who have placed their Cape Coral lots for sale did so without the help of an agent. This method is known in the industry as a “for sale by owner” (FSBO) transaction. The reasons for going FSBO can vary, but a common motive is saving money, since the previous owner won’t have to pay a commission for a successful deal. FSBO has its fair share of popularity among those who are familiar with real estate market values, situations, and indicators. While selling your home at your own time and pace can certainly look like an attractive notion, though, the reality is that the FSBO method works only under a very specific set of conditions, including being as experienced in property sales and marketing responsibilities as the professionals. These factors represent a high knowledge barrier for a majority of homeowners, who are unlikely to be well-versed in the intricacies of the market. Would-be FSBO sellers may not possess the proper mindset to successfully close a transaction. Homeowners who are personally involved in the process face the danger of losing their objectivity due to emotional factors such as sentimental attachments to the properties being sold. A veteran agent such as Kevin Page of Cape Coral Lots can assist clients as a neutral third party, which helps ensure smoother deals and the best possible outcomes… Continue Reading
Grab Cape Coral Real Estate Now Before Property Prices Climb Again – People who want a place with pristine views of the coast and opportunities for water fun will not go wrong with exploring waterfront properties like the ones in Cape Coral, Florida. Based on a home price analysis report released by RealtyTrac® earlier this year, today might be the right time to do so, while the annual home appreciation pace in about two-thirds of U.S. metros are slack. While real estate professionals prefer a slow-but-sure progress to ensure sustainability, the situation is by no means permanent. The report showed that the Cape Coral-Fort Myers area already had over a 100% spike in home appreciation in mid-February, since hitting the price bottom of $74,900 in November 2010. The city, which is one of 10 markets with the largest gains, has a new price peak of $151,500. Now is, therefore, the time to search for Cape Coral real estate through a REALTOR® with extensive knowledge of waterfront properties, such as Kevin Page of Cape Coral Lots. When you’ve committed to waterfront living, consider the following. Location Cape Coral has 400 miles of saltwater and freshwater canals, and the area has certainly suitable properties for you. The only question left is “where”? Take time to scope out the waterfront districts to find a piece of lot that suits your preferences. Look for a place with easy access to basic services and public transport, as well as proximity to commercial establishments like markets. If you are settling in the city with your family, find a community conducive to family living.… Continue Reading
Cape Coral Waterfront Real Estate Property: Of Business and Beach Life – Situated on the northern area of Fort Myers and west side of North Fort Myers in South Florida, the town of Cape Coral, known for its extensive shoreline with several beaches, is actually a great area for business and for those who desire a waterfront lifestyle. Aside from its amazing beaches and nearby islands, Cape Coral has approximately 400 miles of canals, which allow residents to dock their boats just beside their homes. People may perceive that living in Cape Coral comes with high expenditures, but it’s actually lower than the national median home value of $178,500, at a recorded median rate of $160,000 during the last quarter of 2014. In addition, its crime rate is 17% below the nationwide average, making it a safe place to live in. Cape Coral’s Economy In 2013, Forbes acknowledged Cape Coral as the second “Best City in the Nation for Jobs.” Its economy has seen continued growth due to commercial investment and industrial advancements. Furthermore, the American Chamber of Commerce Research Association’s 2012 Cost of Living Index stated that this city had the third best cost of living nationwide. Business owners should consider starting, expanding, or relocating to Cape Coral because of Florida’s low corporate income tax rate and lack of personal income tax, making them among the country’s leading pro-business states. These rules aim to encourage continued business evolution to simultaneously improve their economy. Thanks to all these, numerous job opportunities for different industries have become available for the growing population of skilled and educated laborers. Waterfront Lifestyle… Continue Reading
Residential Lot Loans Allow Mortgage Lenders to Assist Home Buyers – When people go on holiday, beaches tend to be on their list of places to visit. Most vacationers would check into inns or hotels to use them as a staging point, but those looking for more permanent lodgings in their favorite holiday spot might want to buy a beach house instead. Like other properties, a beach house is definitely an investment, if greater than most due to its larger expenses. Therefore, careful consideration and evaluation of the different factors involved in waterfront residential lots for sale is vital prior to closing a deal. Guidelines for Buying a Waterfront Property When looking for a property, start by doing the necessary research on the preferred area. Familiarize yourself with the entire neighborhood, its nearby establishments (e.g. restaurants, grocery stores, medical facilities), and the distance from the city. Staying in for a few days by renting a place would also ease up the research process, as homebuyers are able to interact with the locals and even their possible neighbors. Remember to consider the area’s safety for your sake and your loved ones. Seeking Professional Assistance Being a huge investment, the expertise of a real estate agent is essential to accomplishing this dream. They can provide information on the preferred location of their client such as the advantages and disadvantages of living in that area, its different weather conditions, its economy, and many more. Aside from a realtor, you should also bring in other real estate experts like home inspectors, surveyors, and contractors since they can easily determine damages requiring… Continue Reading