Residential Lots for Sale: The Best Time to Buy and Sell is Right Now

April 13, 2015 by: Kevin Page

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 changes in supply and demand brought about by the demographic shift indicate that compared to their forebears, Millennials still haven’t fully embraced their potential as a significant source of housing demand. Most importantly, the 2015 market is expected to be influenced more by income, job growth, and household formation than by national price crashes. Since the post-recession recovery is still showing no signs of stopping, the outlook for real estate this year is brighter than ever. Interested homeowners and prospective purchasers who wish to take advantage of the current golden situation are encouraged to get in touch with a veteran real estate agent like Kevin Page of Cape Coral Lots. Such a professional can help both sellers and buyers with their transactions as well as ensure the best results for everyone involved. (Source: Freddie Mac Releases Its U.S. Economic and Housing Market Outlook Report for April 2015, MultifamilyBiz.com, Apr. 10,...

read more

Grab Cape Coral Real Estate Now Before Property Prices Climb Again

April 6, 2015 by: Kevin Page

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. Property Types Residential waterfront properties are perfect for establishing a vacation or retirement home, but they can also be your investment property. Whatever reason you may have wanting to purchase a lot in a waterfront community, Cape Coral offers choices that support your long-term goals. A Cape Coral, FL real estate broker like Page can provide pieces of land for sale that are a bit more expensive than regular residential lots, but present more flexibility if you have yet to decide its final purpose. Loans and Insurance Loans for residential lots and raw lands are accessible. Raw land loans have higher rates and vary according to lender. Seek guidance from reputable real estate brokers to determine the best lender. Your agent should also advise you to secure insurance for flooding or hurricane risks. It can open up options for support in cases of emergency, as Southwest Florida is vulnerable to hurricanes and storm surges. When you want a property that combines tranquility and a fun atmosphere, Cape Coral is a good choice. Set an appointment with a real estate broker in the area now, while the lots are ripe for picking. (Source: Annual Home Price Appreciation Slows in 65 Percent of Major U.S. Metros in February Compared to a Year Ago, RealtyTrac, April 2,...

read more

Cape Coral Waterfront Real Estate Living Offers Priceless Benefits

January 15, 2015 by: Kevin Page

Owning a waterfront property, whether as a primary or secondary residence, is the dream of many Americans. This has led to the fast development of communities in many such areas. Cape Coral, with its 400 miles of waterfront property, is a good example. The year 2014 saw many large national franchises, such as Culver’s and Starbucks, spring up in the city. Even more is expected in 2015, with the coming of Sam’s Club on Pine Island Road, and the planned arrival of a Super Walmart and a Neighborhood Walmart, for starters. The rise of waterfront properties should not come as a surprise, given the large number of baby boomers who are now in retirement age, or close to it, looking for the ideal place to spend their golden years in. Waterfront properties are prime choices, not only for retirees, but for everyone else, because of the many benefits they offer. Appreciating Value Waterfront properties are generally priced higher, and their value is expected to continue rising. One reason for this is the limited supply—there aren’t a lot of this type of property, so the demand will always be greater. Compared to other Florida cities, Cape Coral has more waterfront, and therefore has more to supply interested owners. This has made Cape Coral waterfront real estate prices more affordable than those in other areas, like Tampa and Fort Myers. Given the rapid growth and development in the community, however, more buyers are expected to come in, and with the increasing demand comes better value for property owners. Better Quality of Life You sleep and wake up to the fresh breeze from the water, you get spectacular sunrise and sunset views every day, and you can spend an idyllic day on the beach anytime you want—nothing can be better than that. Moreover, living near the water gives you countless recreational options, from swimming and diving to fishing and water sports. A waterfront lifestyle is not only fun, but also healthy; and the tranquil atmosphere can also do wonders for your well-being. Furthermore, governments of waterfront communities make it a point to highlight the leisure benefits of these places, and build and create recreational places that would encourage a relaxed lifestyle. Privacy Good-value Cape Coral waterfront real estate for sale has wide spaces that allow owners to fully enjoy their surroundings. Unlike in typical communities away from the water, waterfront properties do not come in close proximity to each other, offering owners better privacy and more room for their personal enjoyment. (Source: 2015 holds numerous Cape projects, Cape Coral Daily Breeze, January 2,...

read more

Cape Coral Residential Lots for Sale Offer Great Investment Potential

January 14, 2015 by: Kevin Page

Things are looking up as far as real estate in Cape Coral is concerned. A report released in December, 2014 showed that home sales have been brisk—so brisk, in fact, that home prices are also going up, to the tune of $44,000 more than the state average. When home prices are up, real estate and investment experts say buyers should consider the next best thing—buying a residential lot to build a home from scratch. While building a home generally entails more cost overall, it becomes the better value option when prices of homes for sale have inflated. There are other reasons why you should consider investing in residential lots for sale. For one, you will have more flexibility in the design and construction of your home, which means you can have a home built exactly, or as close as possible, to how you’ve always wanted it. You can also dictate where within the lot area to build the house, and to what direction. You can have the master’s bedroom facing east, for example, so you can greet the sunrise every morning; or to the south to get more natural light at daytime.  You can position the house such that you will have either a bigger front yard or backyard, as you desire, so long as you conform to the community’s zoning restrictions. A vacant lot will also make a great investment, if you are not ready just yet to build a home. Houses deteriorate, especially if you do not spend on its maintenance over time, so you may not get optimal value at resale. On the other hand, the value of vacant lots tends to appreciate, particularly those located in areas with high growth potential, like Cape Coral. One of the challenges in buying a vacant lot however, is financing. It is generally easier to find a lender for home mortgages than one for land purchases. Financing for vacant lots is more readily available if you can show that you intend to build a home in the foreseeable future, than simply purchase one as an investment. Fortunately, you can rely on the services of real estate brokers like Cape Coral Lots, who can not only lead you to the ideal property, but also help in finding appropriate residential lot loans. Whether you invest in a lot to build a home or as part of your long term portfolio, established brokers can assist in finding the property that will give you the best value for your money, and make your investment worthwhile. (Source: The Advantages of Buying Vacant Land,...

read more

Cape Coral Real Estate: Take Advantage of the Sweet Waterfront Prices

December 1, 2014 by: Kevin Page

A glut of waterfront properties with low prices may encourage you to buy a new place in an area where space might run out fast soon. Lisa Greenberg of FOX4 reports: Cape Coral Residents living on the water pay less of a premium compared to waterfront homeowners in other big cities, according to a recent study.   This means the difference in price between a non-waterfront home and a home on the water in Cape Coral is much less than in other areas, like Fort Myers, Naples, and Tampa.   If you’re in the hunt for a waterfront home, you should set your sights on Cape Coral.   This is hot news for people wanting to settle in Cape Coral. The Lee County city thrives on water-based lifestyles and a vibrant cultural scene. Some people may say you’re not living the “Cape Coral life” if you’re not hitting the sand all lathered up in sunscreen. If you are on the hunt for some quality Cape Coral real estate, an agent like Mr. Kevin Page of Cape Coral Lots is your man on the ground. Consultations with the REALTOR® will help shape your preferences for a waterfront property that fits your budget. Greenberg quotes a source as saying that Cape Coral’s 400 miles of waterfront keep the prices down. This has resulted in a lower price difference between waterfront and inland properties in the city, which is just “slightly more than 80 percent.” It’s another story across the water in Fort Myers, where the variance between the two types is over 110%. Insiders opine that this is a good thing for property seekers who want affordable deals they didn’t know existed in Cape Coral. A Cape Coral, FL real estate agent such as Mr. Page also has links with lenders and asset managers in the city, a fact that could come into play when you’re looking for a property you can buy on affordable mortgage terms. Some recent computations of properties in the area show that the monthly payments may not break the $1,000 barrier. There’s no better time than now to take advantage of some hot property picks in the Cape Coral area. A credible real estate agent will help you land that dream property. (Source: Study shows price difference for waterfront homes is much less in Cape Coral, FOX4, 14 September...

read more
  • Facebook
  • Google+
  • LinkedIn
  • Twitter
  • YouTube