Cape Coral, FL Real Estate News

By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
You too can fly to Florida for a free steak dinner & be whisked away to look at swamp land...err I mean vacant property. For $50 down & $50 a month you too can own your own piece of the sunshine state.Yes, that's REALLY how it all got started here. It's amazing isn't it? You can check the tax rolls in Cape Coral & see that the original buyers were from all over the country and the world. They mostly purchased one or two parcels each. Most are classified as 'disqualifed mail order sales'. Now, our town has over 150,000 residents with more moving here every day. We have big businesses here. Like a super wal-mart, a neighborhood Wal-Mart, another on the way, a Target with a Super Target coming in, Lowe's & a new Lowe's opening up soon. We also have a Home Depot with another one a few miles...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
I have had this house listed for a few months now - in SE Cape Coral - with its central water & sewer hooked up & paid for as well (this is a big PLUS in Cape Coral). When we first listed we were a little high but that's just when the market had began to slow down so we didn't know if it would keep heading down or come back up. It has at least 2-3 showings a week & the only feedback I receive is that its too close to a main road - Del Prado Blvd. Well, we can't change that folks. So how much is that worth price wise? I've actually had buyer's agents tell me that their people chose an older home needing WORK at the same or higher price over this house. Its not ON Del Prado Blvd but if you are in the front yard looking across the street you see the back of buildings on Del Prado. The back...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
While we are still seeing a decline in most residential markets here locally we are seeing more and more commercial developments. Cape Coral has been behind in commercial growth for years. Slowly, we now have about 8% commercial. A recent article in the news-press examines this. Many of my clients & prospective clients have been worried about the current market conditions. They call & e-mail me to see what I think they should do in this current market. One aspect that always seems to come up is the commercial growth. With over 150K residents in Cape Coral & with so much vacant property ready for newcomers, businesses see opportunity here & are capitalizing on it. Many small businesses have opened along the Pine Island Corridor, restaurants & strip centers as well. Along the Santa Barbar...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
My opinion is that now is the best time to be a first time homebuyer in our area. The prices of homes have actually been declining making them once again affordable. In SW Florida we experienced price appreciation of 20-30-40-50%+ a year depending on type of property & location over the past 2-3 years. We knew this couldn't go on forever but it was fun while it lasted. Now the market is adjusting back to normal. First time homebuyers are able to take their time to research, plan & make a decision on the best options available. Last year, they had to move quick & often times make offers ABOVE asking prices. Now, with more options available you can actually make offers BELOW asking prices & GET THEM ACCEPTED. There are NICE homes in Cape Coral under $75,000 again. There are brand new ones...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
What kind of an investor do you want to be? I am currently reading The Millionaire Real Estate Investor by Gary Keller. As an investor myself I am constantly looking at ways to increase my investment portfolio & learning about what other real estate investors are investing in & how is a great way to enhance your current situation as well. Why re-invent the wheel as they say? Exactly. And maybe youve been successfully investing & your way works but maybe there is an easier or more lucrative approach out there? Im sure if you are reading this that you are the type of person that is always looking to find great advice out there though. By continuing to educate yourself through books, tapes, seminars, etc you are becoming more & more of what you ultimately seek to be. One part of the book I...
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