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Cape Coral, FL Real Estate News

By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
From the CapeCoral.net website:       The City of Cape Coral has been working to reduce the insurance rating of the city, which would produce lower insurance costs for many homeowners.  In July, the City of Cape Coral was notified by the Insurance Service Office (ISO) that our efforts had been successful and our rating had improved.   Our city-wide “Public Protection Classification” rating is now a “3,” down from a previously split rating of “4/9.”  The new rating becomes effective November 1, 2008.  What is the Public Protection Classification rating?    This Public Protection Classification Program establishes appropriate fire insurance premiums for residential and commercial properties.  Insurance companies need reliable, up-to-date information about a community's fire-protection ser...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
    The City of Cape Coral is making an aggressive move to diversify the city's commercial industry and spur new economic development.  The city has issued two requests for proposals seeking developers to build a hotel and ice rink adjacent to the city's Sun Splash Family Waterpark and an academic village and research park in the northeast section of the city.  In both cases, the city owns the land and will offer developers a low-price land lease to help minimize development costs.   The deadline for responding to the proposal is October 30, while the academic village deadline is Dec 23.  Copies of the RFP are available online at demand-star.com or by calling (239) 574-0831
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
  As reported in the NewsPress today: $43 million project to widen road to six lanes By DENES HUSTY III • dhusty@news-press.com • October 23, 2008 The plans are finished and construction should start by December on widening Del Prado Boulevard North. The $43 million project involves widening the road from four to six lanes from Pine Island Road north to Kismet Parkway, said Maricell Venegas, project spokeswoman. The work by Balfour Beatty Construction is scheduled to be finished by spring 2011, she said. The six lanes, she said, will tie in with the six lanes of Del Prado south of Pine Island Road. The road is being widened to handle increased traffic along the route, Venegas said. An average of 18,100 to 22,100 vehicles a day travel along Del Prado Boulevard north of Pine Island Road,...
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By Barbara Klare, Broker Associate, Jones & Co Realty
(Looking For a Real Estate Value in Cape Coral or Fort Myers?)
Cape Coral is a very pretty city located in sunny SW Florida on the Caloosahatchee River. Just west of Fort Myers. Cape Coral has hundreds of miles of canals flowing into the Gulf of Mexico. It is one of the largest boating communities in Florida. The popular beaches of Ft Myers Beach, Captiva and Sanibel Islands are close by.  Living choices include beaching, boating, fishing, kayaking, swimming and snorkeling. At the moment Cape Coral has a wonderful choice of homes, condos and vacant land.  Many properties are bank owned foreclosures. My clients are those looking to make a move now, to buy a second home or invest in a future home. The question is, what do You get For your money in today’s Cape Coral Real Estate Market? At the moment Cape Coral has a wonderful choice of homes, condos...
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By Mike Kelly
(Sellstate Advantage Realty)
Well the humidity is gone and the nights are cooling down to the 6o's, But that is the only thing cooling off in Cape Coral! The real estate deals are hotter than they have been in years. Buyers are everywhere and it is a welcomed change! I was reading recently that baby boomers retirement will peak in 2011! More people retiring at one time than ever before! I would like to be one of them but that will probably be a little premature for me! Since turning 50 a few years ago I continually receive emails from friends who want to remind me of my age! Here is a sample:   Perks of reaching 50!!!! 1. Kidnappers are not very interested in you. 2. In a hostage situation you are likely to be released first. 3. No one expects you to run--anywhere. 4. People call at 9 pm and ask you, “Did I wake yo...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
  As reported in Gulf Coast Business Review (Oct. 17 - Oct. 23) Southwest Florida International Airport is getting three new airline destinations this winter.  AirTran is scheduled to start service to Columbus, Ohio on Nov. 7.  Next month Southwest Airlines is scheduled to start nonstop flights to St. Louis and in December JetBlue will begin nonstop service to Washington Dulles International Airport.   In addition, Air Berlin will offer three nonstop flights from Ft. Myers to Dusseldorf, Germany.    What does all of this mean?  I believe this is a sure sign that buyer are coming back to Cape Coral as well as the entire Southwest Florida area.    Unsure how to buy a Cape Coral foreclosure or Cape Coral Short Sale? Download our special FREE Guide, "How To Successfully Buy Foreclosures an...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
Here's another Great Cape Coral Short Sale.  This Cape Coral Sailboat Access Home is currently listed for $194,000 with the listing agent indicating it was recently BANK APPROVED at $180,000.  Does this home need some work?  Sure it does but for the right buyer this is a extremely good opportunity.   Unsure how to buy a Cape Coral foreclosure or Cape Coral Short Sale? Download our special FREE Guide, "How To Successfully Buy Foreclosures and Short Sales" and "The Ten Biggest Mistakes Buyers Make".
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By Scott Slocum, Scott Slocum & Associates 239-222-4800, Cape Coral
(Florida Future Realty Inc.)
A recent news article regarding the Cape Coral Foreclosure crisis had city officials stating they were contemplating using the $7,000,000 to purchase and rehab up to 80 homes in the City of Cape Coral and re-sell them to home buyers.The City of Cape Coral could find much better things to do with the $7,000,000 that just buying and selling 80 homes.  Banks are having a difficult enough time trying to move properties they presently own.  Keep in mind that the bank owned homes will sell... they always have sold... and they always will.  Banks will liquidate these homes if necessary, but the home exteriors need some sprucing up to speed the process along.  As part of the agreement to recieve the money the City of Cape Coral does have to buy a certain number of homes to rehab and turn them a...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
Because of the tremendous response from Buyers we are attracting with the Cape Coral Home Vultures website a seller that has picked up several Bank Owned Properties has contacted us to sell several Cape Coral Foreclosures.  This home is ready to go and you will not have to go thru the effort of a Short Sale.  As you can see below this home is neat and clean and ready to go.    As a comparison the the home at 427 NE 20TH ST, Cape Coral,FL  recently sold for $107,446 and is smaller than the one above.  This sold home is within a mile of the home above.    Contact me for more information on this Cape Coral Foreclosure and many more.     Unsure how to buy a Cape Coral foreclosure or Cape Coral Short Sale? Download our special FREE Guide, "How To Successfully Buy Foreclosures and Short Sales...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
  In an article published in the New York Times written by Warren Buffett several key points can be applied to Cape Coral Real Estate   A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.   The really smart people see this as a great opportunity to buy Cape Coral Real Est...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
As reported in the News Press today:   35,000 people expected at OktoberFest By MARY HAWK It's a party of all things German at the 23rd annual Oktoberfest, which opens Friday at the German-American Social Club of Cape Coral. It's six days of Gemuetlichkeit (comfort in a festive atmosphere) for the next two weekends with singing, dancing, food, games, entertainment, fun and beverages for the whole family. "This year we expect around 35,000 people," said Rick Heins, Oktoberfest spokesman. "Last year, we had around 26,000 to 32,000 people." The fun begins at 4 p.m. Friday, followed by a Grand Opening Parade at 8 p.m. Greeting those at the fest will be Ms. Oktoberfest Barbara Gennity. Gennity is 41 years old and works as an administrative receptionist/fitness instructor at the city of Sanib...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
Update on Countrywide home loan short sales:   We have had much success in dealing with Countrywide Home Loans. And we will still help you with your Countrywide Short Sale. If you need help feel free to visit our site for more help on a Countrywide Short Sale.   Did you hear the most recent news though? Countrywide is now going to add verbiage to their short sale approval letter allowing them to RESCIND THE SALE OF SHORT SALE ON THE PROPERTY if they determine there was any fraud involved. Can you imagine being the buyer and thinking everything was fine & then 5 years later (statue of limitations on fraud - from date of determination) finding out that they were rescinding the closing? Crazy. And, Title Insurance specifically EXCLUDES coverage for this type of issue.   Previous post:   I ...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
I had a chance to preview a bank owned property in Cape Coral.  What can you buy for less than $90,000.  This home has: 5 Bedrooms 3 Bathrooms 2065 sq. feet of living area oversized lot Just another example of a great opportunity on a Cape Coral Foreclosure.   Unsure how to buy a Cape Coral foreclosure or Cape Coral Short Sale? Download our special FREE Guide, "How To Successfully Buy Foreclosures and Short Sales" and "The Ten Biggest Mistakes Buyers Make".  
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
You Can't Judge a Book By It's Cover...$120,000 List Price I was previewing a townhome in a gated community for one of my clients yesterday and was amazed by 2 things.   How many excellent opportunities there are for buyers.  Those that don't act now will probably wish they did in the future.  The townhome I viewed was in great condition and was LISTED for less than its replacement cost.  I emphasize 'listed' because there's a great chance it can be purchased for less...if not much less than the list price. Anytime you can buy properties for less than the replacement cost, you know you are buying right. Like many things in life, you can't judge a book by it's cover.  This short sale property was listed in the Multiple Listing Service (MLS) with a single picture of the front.  That's all...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
This past week I visited a Cape Coral Short Sale.  This home appears to never have been lived in and is priced at $102,000.  At that price the home is Below Replacement Costs.  The features of the home include over 1700 sq. feet of living area with 3 Bedrooms and 2 Baths. Unsure how to buy a Cape Coral foreclosure or Cape Coral Short Sale? Download our special FREE Guide, "How To Successfully Buy Foreclosures and Short Sales" and "The Ten Biggest Mistakes Buyers Make".
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
The Snowbirds are Coming.... The local paper, the News-Press did a quick study of more than 429 residents who flock to Southwest Florida every year. They found: Nearly 40 percent of those responding expect to arrive this month; more than 60 percent said they'll spend about as many dollars as they did last year. What does this mean? People still want to be where the sun shines, the temps. are warm, and there is abundant access to waterfront activities. These reason have always been the reason to come to Cape Coral and will continue to be so in the future. Unsure how to buy a Cape Coral foreclosure or Cape Coral Short Sale? Download our special FREE Guide, "How To Successfully Buy Foreclosures and Short Sales" and "The Ten Biggest Mistakes Buyers Make".
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-783639 634 SE 10TH PLCAPE CORAL, FL 33990 $112,100 4/3 10/10/08 10/19/08 Owner Occupant(Investors bid on 2008-10-20) View Map   View Property Details Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-917577 1126 SW 1ST TERCAPE CORAL, FL 33991 $109,250 3/2 10/10/08 10/19/08 Owner Occupant(Investors bid on 2008-10-20) View Map   View Property Details Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-879609 120 NE 24TH AVECAPE CORAL, FL 33909 $105,000 Price Reduced 3/ 2 10/10/08 10/14/08 Owner Occupant(Investors bid on 2008-10-15) View Map   View Property Details Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-907790 501 NW JUANITA CTCAPE CORAL, F...
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
The Number One Reason to Live In Cape Coral Water! There are approximately 400 miles of canals within the City. Of this, approximately 295 miles are considered as freshwater and about 105 miles provide access to the Gulf of Mexico. There's just no place like it. Where else can you walk out your back door, get in your boat, and spend a day at some of the most beautiful beaches in Florida. Or, if your preference is recreational fishing, the opportunities are endless. People will drive for hours to go to the Keys and we have it in our own back yard. Unsure how to buy a Cape Coral foreclosure or Cape Coral Short Sale? Download our special FREE Guide, "How To Successfully Buy Foreclosures and Short Sales" and "The Ten Biggest Mistakes Buyers Make".
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By LLoyd Nichols, Southwest Florida Homes By The Sea
(Premier Florida Realty of SWFL)
Good News.  NBC news this week spotlighted Lee County, Cape Coral in particular, in a good way.  The emphasis was on what a great time it is to buy a home.  Brian Williams of MNBC featured the "good news" and presented Cape Coral as a place where one can purcahse nice homes at affordable prices.   Brian Williams Report:    http://www.msnbc.msn.com/id/3032619/#27087106   Pending Home Sales Up Nationwide:   http://www.msnbc.msn.com/id/3032619/#27084154   LLoyd NicholsRight Choice Realty LLCRealtorlloydn@aol.comcell: 239-810-2980Fax: 239-463-4826home office: 239-463-5217Active Rain Blog: http://activerain.com/lloydn Website: http://www.mlsouthwestfloridahomes.comWebsite Blog: http://ftmyershomesandgardens.blogspot.com/
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By Mike Canzano, Associate Broker / Realtor
(Berkshire Hathaway HomeServices Utah)
North Cape Coral is on the Move! I was up in the North Cape area and the sense while driving around is that things are happening!   Del Prado Blvd is being widened in anticpation of the new growth   The Publix Plaza at Del Prado and Kismet is nearly fully occupied and the parking lots are full with shoppers   The newly built Island Coast High School is complete and there are plenty of kids enrolled at this school. Unsure how to buy a Cape Coral foreclosure or Cape Coral Short Sale? Download our special FREE Guide, "How To Successfully Buy Foreclosures and Short Sales" and "The Ten Biggest Mistakes Buyers Make".
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