How Cape Coral & Ft Myers Real Estate is bucking Florida trends.

How Cape Coral Real Estate is bucking the trends in Florida.

While the rest of Florida sees a decline in home prices,
Cape Coral and Fort Myers Florida seems to bucking the trend.
Why?
1. Demographics show it is a desirable place to live due to low crime.
2. Our weather is very comfortable and lowers the cost of heating to almost nill.
3. 400 miles of canals to view makes this a boater dream.
4. Prices are the lowest in any county I have found for Saltwater canal homes.
5. You can now buy new cheaper than having a home built.
Will it last?
Prices have already gone way up on Saltwater canal pool homes. Pool homes have also risen substantially.
The bad! Or Good?
If you have at least 25% to put down on a condominium you are going to be able to steal a condominium.
Why? How?
The insurance companies that insure the loans have pulled out. Buyers now must have 25% to put down plus closing costs to avoid PMI.
The bad; sellers will have few buyers to attract.
The good; buyers with cash are able to get a steal if there is not a loan in place which must be satisfied or it becomes a short sale.
Contact me for more information.
Joseph Beauvais 239-770-0686
Email: Jb@sunnyspotrealty.net
Cape Coral Real Estate Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.
a short sale.

Contact me for more information.
Joseph Beauvais 239-770-0686

Email Jb@sunnyspotrealty.net

Cape Coral Real Estate

Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

The recently passed Economic Stimulus Plan. Done Deal! GREAT news…

The recently passed Economic Stimulus Plan. Done Deal! GREAT news…

You might be thinking that there is already a Home Buyer Tax Credit in effect; it helped some, but not all that much. Yep. But take a look at the reasons why this newer version is much more buyer-friendly than the one that took effect last July (‘08).

* The NEW tax credit is for $8,000. (Before it was for $7500.)

* The NEW tax credit is available for home purchases made between 1/1/09 thru 11/30/09. (Before it was 4/9/08 thru 6/30/09.)

* This is a GREAT benefit… The NEW tax credit has NO repayment requirement! (Before the homeowner paid back $500/yr for 15 years, i.e., full payback.)

* The NEW tax credit has a 3-year recapture requirement (if the home is sold within 3 years). (Before if the home sold within the 15-year repayment period, the outstanding was recaptured on sale.)

* The NEW tax credit allows for MRBs… bond loans. (Before there was NO credit for state/local bond funding.)

THERE are five good reasons to “talk the NEW Homebuyer Tax Credit up” it’s improved, and it’s NOW. Not all that familiar with the overall tax credit to begin with? Here are bullet points:

* The dollar amount of the credit is actually 10% of the purchase price, up to a max credit of $8,000. (Ex: $72,000 purchase price = $7,200 tax credit.)

* The credit is available for principal residences only (owner occupied).

* The credit is available to first time homebuyers — note that the definition of a first time HB is a purchaser (and purchaser’s spouse) who has not owned a principal residence in three years previous to purchase. Owning a second home(s) or an investment property(s) does not disqualify a person as long as the principal residence rule is intact.

* There are income limits — To receive full credit the max AGI (adjusted gross income) for individuals is $75K; for joint returns it’s $150K. There is a phase out above those caps.

* Any house, anywhere — new/old, cheap/expensive, REO/short sale/regular, a manufactured or a hi-rise — if the buyer is “eligible”, the credit is there.

Now, the best part about this is that this is an actual tax CREDIT — it’s not a tax DEDUCTION!!! As such, this is a dollar-for-dollar tax REDUCTION — the buyer’s tax liability for the year of purchase may be reduced, eliminated, OR he/she might even receive a “refund”. (Example: The Purchaser is eligible for the full $8,000 credit; he/she has a total tax liability of $2700; the $2700 wipes to -0-, and the purchaser will receive a refund of $5,300 from the filed tax return.) Money INTO the pocket BECAUSE it was bought….. Likely at a great price; likely at a great rate; likely with a PITI that competes loudly with renting.

Stay tuned for March 4th for the final “details” on many of the 2009 Stimulus plans and beyond that for some interpretation and decisions on how it will all work.

 

Present by Joseph Beauvais

Sunny Spot Realty inc. Web site http://www.sunnyspotrealty.net/

Click.  Exclusive Buyers agent “about”

Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples, Captiva, Sanibel & Ft Myers or Fort Myers beach homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County Florida.

Cape Coral Real Estate News Flash update Florida Fort Myers, Bonita Springs & Naples

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Article:

Cape Coral Real Estate & surrounding area market conditions are starting to be very hot. Homes in demand are the newer ones priced around 79,000. Pool homes could be found at this price very newish. Now pool homes built after 2005 are seing a rise in price. Few brand new homes are selling due to the cost of building materials being higher than the existing homes that are at, near of foreclosures. You can buy foreclosed brand new homes now at prices you will never see again.
Cape Coral seems to be the hottest market in low end properties between 60,000 to 300,000.
Salt water font home have the best potential for appreciation very soon due to supply and demand
Reason; you cannot build any more salt water canals. “supply and demand”

Condominiums are 2^nd in demand under residential homes that are #1 for selling. Last in demand is vacant land. This is always the case. Builders not building, land will not sell well. This is the best opportunity for long term investments “vacant salt water land”. Another is fresh water land that has a lower acquisition price and also lower appreciation. Both have near no maintence or care needed except for taxes and mowing

Mortages are down and the lowest since 1971.(around 5% depending on credit scores etc.) Banks are still very tight with loans and this is the biggest obsticle with buyers.

The present market conditions are very favorable for buyers. Interest rates at their expected lowest rates. Demand is still fairly low and supply is high. These conditions combined are the best possible to find a home at a price not to believe.

In 4 to 5 years from now a buyer will realize that this was the best investment they have made in their lives. Conclusion: Buy now - Cape Coral Real Estate is HOT HOT HOT!

Cape Coral, Fort Myers, Fort Myers beach, and Bonita Springs Florida Real Estate market conditions and stats as of 1-18-09

4,599 residential properties for sale in Cape Coral
524 foreclosed homes offered by Realtors
2,102 of these are short sales.
104 Bank approved short sales
310 Pending sales since 1-1-09 residential properties

5,772 residential properties for sale in Fort Myers
470 foreclosed homes offered by Realtors
1,379 of these are short sales.
51 Bank approved short sales
206 Pending sales since 1-1-09 residential properties

527 residential properties for sale in Bonita Springs
70 foreclosed homes offered by Realtors
80 of these are short sales.
3 Bank approved short sales
13 Pending sales since 1-1-09 residential properties

718 residential properties for sale in Fort Myers Beach
4 foreclosed homes offered by Realtors
20 of these are short sales
0 Bank approved short sales
14 Pending sales since 1-1-09 residential properties

146% increase in sales for this past month.

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Buying Foreclosures, WARNINGS! Not just for Cape Coral Real Estate but Florida and more.

Buying a foreclosure

Boy are you in trouble if you try to buy a foreclosure by yourself Why?

1.     The listing agent puts the property and details in the Multiple Listing service and it will populate to Realtor.com automatically. This information is deemed reliable but not guaranteed. What can you trust?

2.     I saw where the owner (bank) will pay document stamps (.70 per hundred and title insurance for the buyer. We put in the offer considering the 3,000 concession the lender will make.

3.     I was told, after the offer, by the listing agent that the lender has an addendum that must be included.

4.     After I, (exclusive buyers agent) read the 7 page addendum drawn up by the lenders attorneys. (whew!) I saw that this addendum supersedes all parts of the typed or hand written offer.

5.     The addendum is quite detailed and takes away many rights of the buyers. It is like a trick to get an offer and then countermand what the agent put forth in the MLS. The offer may be accepted and signed subject to you accepting this addendum. (pressure)

6.     You either accept the addendum or not.

7.     You most likely will not find out their is an addendum until after you put in the offer.

8.     Each Bank or lender has there own types of addendums and contract.

9.     Some addendums use ambiguous terms like major defects instead of structural defects.

I could go on for an hour or so but the point is “Never try this alone or with anyone other than a very experienced detail orientated “Exclusive” buyers agent or a very good Real Estate attorney.

Heed my advice or else - $$$$$

Joseph Beauvais is an Exclusive Buyers agent! Read about agency, http://www.sunnyspotrealty.net/BuyersagentFlorida

Read about buying foreclosures,

http://www.sunnyspotrealty.net/BuyingForeclosures/REOs

Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples, Captiva, Sanibel & Ft Myers or Fort Myers beach homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County Florida.

Foreclosed homes Cape Coral Fl. Sales up! Buyers find deals. Prices going up soon!

Great News for Buyers  

News press reports that Cape Coral, Fort Myers (Lee County) Foreclosures drive sales up %145. An increase of home sales is up says the News Press. Further they report that many more homes will be available next month due to increasing staff for processing foreclosures and the 3 year and 5 year fixed loans going adjustable starting now.

 Bad News for Buyers

Fannie Mae and Freddie Mac has told us that due to so many offers on each home offered for sale as foreclosed properties that there staff is overwhelmed and they will increase the asking prices by some %20. Most offers are way over full price on these foreclosed pool homes, Cape Coral,Fort Myers and Naples homes, and waterfront homes located in Lee County Florida.

Warning!

You should only use a very experienced “Exclusive” buyers agent to be able to effectively deal with the lenders numerous addendums and amendments that their attorneys draft up in their favor, taking away most of the buyers normal rights. I am strongly advising this. With my 26 years as a Realtor and 14 years of core law I am still stressed to deal with these foreclosures addendums and their lack of concern for time tables etc.

If you wish to see what foreclosures are available at super buys, go to http://www.sunnyspotrealty.net/   Search foreclosures.

Joseph Beauvais Hot Spot

Supply is, for now, ample and prices low.

Cape Coral Real Estate

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

Joseph Beauvais Exclusive Buyers agent

Notice to potenial buyers of FHA loan changes “Best type loan for now”

CLARIFICATION OF THE ANNOUNCEMENT BELOW!
Even though HUD maintains this increase is effective 09-05-08, all loans with FHA case numbers obtained before January 1, 2009 will require only a 3% buyer contribution. A $100,000 loan obtained after the deadline will require a minimum of $500 extra out of the buyer’s pocket (snooze—you’ll lose)… FHA buyers should be under contract and in loan application by the beginning of December 2008.
FHA has increased the minimum down payment to 3.5% of sales price as of 09-05-2008. FHA has also made both one time and monthly mortgage insurance risked based—a high credit score reduces mortgage insurance, and a lower one increases mortgage insurance.
Good news- Down payment Assistance programs may still have a chance for revival!.

If you are considering a purchase soon before the changes, go to SunnySpotRealty.net to search all homes for sale available in Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs and Naples florida.

This search is the best I have found. Compare other searches to mine and Please let me know if you find another that is better and why.

Email me @ Jb@sunnyspotrealty.net
call (239) 770-0686

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Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

Why this is the best time to buy in your life? Cape Coral Canal Front Homes Real Estate.

Once in a life time for Cape Coral Canal Front Homes.
View Thousands of foreclosed homes, Cape Coral Real Estate

Suppy and demand.
They do not make any more Canal front home sites.
Prices are drastically reduced Cape Coral and Fort Myers Florida homes. In todays market. Tommorow?
Cape Coral Florida Real Estate is starting to really boom. See monthly sales.
Become a very smart buyer and choose the right time to buy for the future.It is now!
Subscribe to this blog and see what really is going on for Cape Coral Real Esate and more areas.
Choose me as a full time Buyer’s agent that represent you alone.
Call today! Sunny Spot Realty Inc (239)770-0686 Email today! Joseph Beauvais Buyer’s agent

If you would like to link to my web site, to get better page rank, http://linksmanager.com/sunnyspotrealty/

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

Can you really become rich buying Real Estate?

Wow! all of these TV ads to buy wholesale and make a fortune.

Do they really work? How much time is involved? How to start? I have little money but good credit, can I buy?

Answers;

1. You can do all of this yourself. If you have tons of spare time and want to compete with hundreds of others doing the same. Remember time is money. Spend it wisely.

2.Yes, you can really make a fortune.

3. Yes, you can start with little money.

*Now let me tell you the real ins and outs.

Investors know when to buy. Down stock market is prime time. Watch the stock market. High, buy, Low, sell. Unless you want an income property. High stock market indicates investors are not buying Real Estate for investments. Great opportunity to buy and save distressed sellers from foreclosures.

*How to find them? Banks now list these with R.E. agents. You must find a good R.E. Buyers agent that is not lazy.

+ The best way to find these steals is to find an agent that works with companies that have many crews making offers on forclosed, Preforclosure, bank owned, mls and fisbo properties wholesale. You alone cannot possibly do all that they can do. Plus, if you try to do it yourself, you will get eventually emotionally attached or tired and pay too much. They add a little and sell at 20-30% below market. You need to buy their contract from them for cash. First you need to make absolutely sure you get a loan guarantee first. Do all the work with the lender first to make sure you pre-qualify (good for 2mts only). Choose your lender carefully and shop. This is not for the buyer with little money down. Sellers have lowered their prices so much that you would have to increase the sales price to cover the closing cost and have the cash to buy the assignment contract. The sellers will not and cannot do this. These are distressed sellers.

If you have good credit (620 or above) with little money. You must shop fisbos or Mls. To do this you need to find a Buyers agent that will show you more that a few homes and is energetic. Some are lazy.

I have the lender in hand that has so many programs to satisfy residential, investor or commercial buyers at very low rates. I have been working with all the above for 19 years.

If you want to buy in S.W. Florida, Lee County, I am a buyers’ agent that owns his own company. Go to my site and look at the wholesale properties. They sell in less than a month. These are assignments. Read about buyers’ agent on my web site. This site is only for buyers. Cape Coral Real Estate Joseph Beauvais

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search for foreclosures. We have the Largest list of homes for sale in Lee County.