Ways To Use Your Tax Refund If You Want To Buy a Home-Ways To Use Your Tax Refund If You Want To Buy a Home Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains: “If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve already started to save, your tax refund could move you down the road faster.” While how much money you may get in a tax refund is going to vary, it can be encouraging to have a general idea of what’s possible. Here’s what CNET has to say about the average increase people are seeing this year: “The average refund size is up by 6.1%, from $2,903 for 2023's tax season through March 24, to $3,081 for this season through March 22.” Examples Sounds great, right? Remember, your number is going to be different. But if you do get a refund, here are a few examples of how you can use it when buying a home. According to Freddie Mac: Saving for a down payment – One of the biggest barriers to homeownership is setting aside enough money for a down payment. You could reach your savings goal even faster by using your tax refund to help. Paying for closing costs – Closing costs… Continue Reading
Should I Wait for Mortgage Rates To Come Down?-Should I Wait for Mortgage Rates To Come Down Before I Move? If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold. But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen. The graph below helps give you a visual of how this relationship works and where we are today: As Lisa Sturtevant, Chief Economist for Bright MLS, explains: “The higher rates we’re seeing now [are likely] going to lead more prospective buyers to sit out the market and wait for rates to come down.” Why You Might Not Want To Wait If you’re asking yourself: what does this mean for my move? Here’s the golden nugget. According to experts, mortgage rates are still projected to come down this year, just a bit later than they originally thought. When rates come down, more people are going to get back into… Continue Reading
The Top 2 Reasons To Consider a Newly Built Home-The Top 2 Reasons To Consider a Newly Built Home When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like. Maybe you’ve got a specific picture of that house in your mind. But unless you came into this process knowing you want to buy a newly built home, you may not have pictured new home construction. A trusted real estate agent can help walk you through these two reasons you may want to reconsider that. 1. Adding Newly Built Homes Could Give You More Options There are two types of homes on the market: new and existing. A newly built home refers to a house that was just built or is under construction. An existing home is one a previous homeowner has already lived in. Right now, the inventory of existing homes is tight. But there may be options for you on the new home side of things. Data from the Census and the National Association of Realtors (NAR) shows that newly built homes are a bigger part of today’s housing inventory than the norm (see graph below): From 1983 to 2019 (the last normal year in the market), newly built homes made up only 13% of the total inventory of homes for sale. But today that number has climbed to over 33%. Rest assured, after over a decade of underbuilding, builders aren’t overdoing it today. Even with an increase in new construction today, there’s still a significant housing shortage overall. But for you, the uptick in new builds can be a game changer because it… Continue Reading
Why a Condo May Be a Great Option for Your First Home-Why a Condo May Be a Great Option for Your First Home Having a hard time finding a first home that's right for you and your wallet? Well, here's a tip – think about condominiums, or condos for short. They're usually smaller than single-family homes, but that's exactly why they can be easier on your budget. According to the latest data from the National Association of Realtors (NAR), condos are typically less expensive than single-family homes (see graph below): So, if you're comfortable with a smaller space and want to buy your first home this year, adding condos to your search might be easier on your wallet. Besides giving you more options for your home search and maybe fitting your budget better, living in a condo has a bunch of other perks, too. According to Rocket Mortgage: “From community living to walkable urban areas, condos are great options for first-time home buyers and people looking to enjoy homeownership without extensive upkeep.” Benefits of Buying A Condo Let’s dive into a few of the draws of condos for first-time buyers from Bankrate: They require less maintenance. Condos are great if you want to own your place but don't want to mow the lawn, shovel snow, or fix the roof. Your real estate agent can help explain any associated fees and details for the condos you’re interested in. They allow you to start building equity. When you buy a condo, you build equity and your net worth as you make your mortgage payments and as your condo’s value goes up over time. They often come with added amenities. Your condo might come with access to amenities like a pool, dog park, or… Continue Reading
Things to know about the Housing Market-State of the Economy The housing market is a complex system that is influenced by a multitude of factors. One of the most significant of these factors is the overall state of the economy. Strong economic growth and low unemployment rates tend to boost consumer confidence and increase demand for homes, which can drive up prices. The state of the economy is a crucial factor impacting the housing market. Economic growth and low unemployment rates increase demand for homes, driving up prices. Weak economy and high unemployment rates decrease demand, leading to lower prices. Inflation, interest rates, stock market performance, and consumer confidence can also influence the housing market. Understanding the economy is important for timing purchases or sales and pricing property appropriately. Interest Rates Another key factor is interest rates. Interest rates are the cost of borrowing money. They impact the affordability of mortgages and the demand for homes. When interest rates are low, it's easier to obtain mortgages and demand for homes increases, driving up prices. The Federal Reserve sets interest rates primarily by adjusting the federal funds rate. Other factors like inflation, economic growth, and global events can also impact interest rates. Keeping an eye on interest rates is important for those looking to buy or sell a home. Demographic Trends Demographic trends are changes in the population that impact the housing market. Population growth can increase demand for housing, while a decline in birth rates can lead to a decrease. Migration patterns also play a role in the housing market, and changes… Continue Reading
Recommendations for Buying Property-Buying property can be a complex process. It's important to take your time and do your research to ensure a successful purchase. Getting Started To get started, determine your budget and what type of property you are looking for. Consider factors such as location, size, and amenities to help narrow down the options. Find Properties Once you have a general idea of what you're looking for, it's time to start researching the real estate market in the area you're interested in. Look for comparable properties to get an idea of what prices are reasonable. Real Estate agents can help find properties that fit your criteria and budget. Take a Look When you've found a property that you're interested in, it's important to arrange a viewing and conduct a thorough inspection. Consider hiring a professional inspector to assess the property's condition and identify any potential issues. This can help make an informed decision about whether the property is worth the asking price. Make an Offer Once satisfied with the property's condition and price, make an offer and negotiate the terms of the sale with the seller. This can include factors such as the closing date, contingencies, and repairs. Remember to take your time! Ask plenty of questions throughout the negotiation process to ensure that you're comfortable with the terms. If need be, write down the questions so they are not forgotten. Paperwork Finally, it's important to hire a real estate agent to review the legal documents and oversee the closing process. The agent will ask what you… Continue Reading
Residential Lots For Sale Cape Coral-So you’re looking for a new adventure, a new place to call home, and you want to build the home you’ve always dreamed of. Why not consider Cape Coral, Florida, a beachside oasis and growing city? Perhaps you’re already in Cape Coral or the Southwest Florida area and are looking for a new challenge. No matter what your situation is, Cape Coral has lots for sale that will please anyone. Start the next exciting chapter in your life by exploring the many options for land for sale that Cape Coral, Florida has to offer. Of course, one of the biggest draws to Cape Coral is the fact that the city rests comfortably next to the Gulf of Mexico. Many people seek land for sale close to the beach so they can enjoy the natural, calming beauty of the ocean every day. If you’ve always dreamed of having a beach home, Cape Coral is the place to make that happen. Even if you like the beach but don’t want to live right next to it, there are plenty of other lots for sale throughout Cape Coral that will suit your needs. Not only is Cape Coral, Florida famous for its beautiful beaches and waterways but it’s also known as the fastest growing city in Florida. Vacationers flock to Cape Coral every year, creating a strong tourism industry. Retirees and families have been coming to Cape Coral in search of residential lots for sale to build the perfect home on in a beautiful and exciting city. If you… Continue Reading
Residential Lots Cape Coral-When you buy residential lots for sale in Cape Coral, Fl, there are many details that must be considered. At Cape Coral Lots, our services provide the information that a buyer and seller need to know. When you are looking at Cape Coral lots for sale a lot of thought has to be put into these elements to ensure that you walk away with the best property for the best deal. One of the biggest details to remember is financing. Most likely you will want to start looking into residential lot loans before you even begin your search for Cape Coral lots for sale so that you have a clear understanding of how different loans work and which one will be the best option for you. The type of loan that accompanies the purchase of residential land for sale will depend on how the residential land for sale is going to be used and the state of the property itself. Raw land, land that has not yet been improved with things like roads, utilities, and sewers, are typically harder to obtain loans for. If you’re interested in Cape Coral lots for sale that have not been improved, be prepared to pay a higher down payment and a higher interest rate for a raw land loan. Some lenders might even ask for as much as a 50 percent down payment for this type of loan so you may have to do some shopping to find a lender with more reasonable rates. Improved property is generally easier to… Continue Reading
Surfside Condo Collapse-The Surfside Condo Collapse, a tragic incident that took place in Miami, Florida on June 24, 2021, has sparked a significant shift in conversations about building safety. The collapse of the 12-story Champlain Towers South Condo resulted in substantial loss, inciting global shock and sorrow. As discussions about building safety intensify, new legislation is under consideration to ensure similar unfortunate events do not happen in the future. Understanding the Surfside Condo Collapse About 55 of the 136 units at Champlain Towers South were reduced to rubble as the condo collapsed. This horrific event killed 98 people. The calamity has forced us to ruminate on the importance of in-depth and regular building inspections for safety purposes. Rescue efforts were another challenging aspect of the incident due to the potential instability of the remaining structure. New Legislation: An Essential Preventive Measure In the wake of the Surfside Condo Collapse, lawmakers have put forth new legislation directed towards ensuring such tragic incidents do not repeat in the future. These include stricter inspection requirements, more thorough structural assessments, more transparency in inspection results for potential buyers and residents, and more stringent standards for repair and maintenance. The Florida State Senate Bill 378 and House Bill 269 recently proposed, aim to address these priorities. The bills lay out regulations mandating inspections of structural, electrical, and mechanical components for buildings taller than 3 stories and more than 30 years old. A defined frequency of inspections is another aspect of the proposed legislation. The Impact on the Real Estate Industry While these legislations will… Continue Reading
Gulf Access Lots in Cape Coral-The city of Cape Coral in the paradisiacal Southwest Florida is an oasis for all types of real estate enthusiasts. But today, we turn the spotlight on a unique asset – Gulf Access Lots in Cape Coral – that offer unparallel advantages and are a significant part of Cape Coral's appeal. Known as a "Waterfront Wonderland," Cape Coral presents a rich pick for those who yearn to embrace an illustrious lifestyle, surrounded by serene waters and breathtaking sunsets over the Gulf of Mexico. Gulf Access Lots: The Lure of Unobstructed Water Access Many Gulf access lots provide direct, unrestricted access to the pristine waters of the Gulf of Mexico, making them an enviable commodity. For boating aficionados, these lots provide an unrivaled convenience - imagine stepping off your patio and onto your private yacht, ready to explore the Gulf at a whim. The alluring promise of freedom, adventure, and waterborne tranquility is what sets direct Gulf Access Lots apart. The Fishing Enthusiast’s Paradise Moreover, Cape Coral isn't just a fantastic place to live; it's also a paradise for fishing lovers. Anglers with property on Gulf Access Lots have at their disposal the rich, fertile fishing grounds of the Gulf. Whether it's Tarpon, Redfish, Snook, or Spotted Seatrout, you'll experience the thrill of making a catch right from your backyard. Owning a Gulf Access Lot makes this exciting prospect a part of your everyday life. Spectacular Gulf Sunsets One of the most captivating experiences at the Gulf Access Lots is the dramatic sunset views. As dusk falls,… Continue Reading
Cape Coral Vacant Land Market Update-Below is the Cape Coral Vacant Land Market Update . This information will give you an idea of the current market trends. For information about a specific property or location just give us a call and we can provide that for you. Current Market Statistics Firstly, January 2024 was a Buyer's market! The number of for sale listings was down 18.6% from one year earlier and up 2.7% from the previous month. The number of sold listings increased 17% year over year and decreased 15.8% month over month. The number of under contract listings was up 14.1% compared to previous month and up 39.3% compared to previous year. Additionally, The Months of Inventory based on Closed Sales was 13.3, down 30.4% from the previous year. The Median Sold Price increased by 13.4% from last month. The Average Sold Price also increased by 26.7% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".The Median Days on Market showed a neutral trend, a decrease of 17% compared to previous year. Furthermore, The ratio of Sold Price vs. Original List Price was 89%, an increase of 4.7% compared to previous year. Market Insights Over the past 1-2 years, the Federal Reserve has raised rates from 2% to over 5%. Higher for longer has become the new normal. Mortgage interest rates may fluctuate between 5%-8%, but the era of 2% mortgages is over, and so is the rapid appreciation of lot prices. The good news is that demand is still high… Continue Reading
Investing in Rental Properties in Cape Coral-Investing in rental properties in Cape Coral can be a lucrative and rewarding venture. It offers several benefits, such as generating a passive income stream, building wealth, and providing a cushion against inflation. However, like any investment, it also comes with its own set of challenges and considerations. One of the key advantages of investing in rental properties is the potential for monthly cash flow. By acquiring properties and renting them out to tenants, you can generate a steady income stream that can help cover expenses, such as mortgage payments, property taxes, insurance, and maintenance costs. The goal is to ensure that the rental income exceeds the expenses, leaving you with positive cash flow. Additionally, rental properties offer long-term appreciation potential. Over time, property values tend to increase, allowing you to build equity in your investments. This can be beneficial if you decide to sell the property in the future or use it as collateral for other investments.Diversification is another advantage of investing in rental properties. Real estate often behaves differently from other investment classes, such as stocks or bonds. Including rental properties in your investment portfolio can help spread the risk and reduce the impact of market fluctuations.However, investing in rental properties also requires careful planning and consideration. Here are a few factors to keep in mind: Location The location of your rental property plays a vital role in its success. Look for areas with strong rental demand, low vacancy rates, and potential for growth. Proximity to amenities, schools, transportation, and job opportunities can also… Continue Reading
Vestal Built LLC Brings High-Quality New Construction Homes to Cape Coral-Cape Coral, Florida has been experiencing unprecedented growth and development in recent years. With its stunning waterfront views, abundant recreational opportunities, and year-round warm weather, it's no wonder that many people are flocking to this tropical paradise. In line with the city's flourishing real estate market, we are excited to introduce Vestal Built LLC, which is set to elevate the architectural landscape of Cape Coral even further. Vestal Built LLC will bring its wealth of experience and expertise gained in North Carolina to Florida. After building hundreds of new construction homes across the Tar Heel State, they are eager to start their journey of building homes for the residents here in sunny SouthWest Florida. "We are excited to bring our knowledge, fresh vision, high-quality homes, and exceptional customer satisfaction to the Cape Coral area", states owner Sonny Vestal. Unveiling a New Vision Vestal Built LLC enters the Cape Coral market with a fresh vision and a commitment to excellence. With an appreciation for the city's charm and potential, they have pledged to transform the local real estate scene through meticulous attention to detail, and contemporary designs. By understanding the unique needs of Cape Coral residents, they seek to create homes that embrace the area's natural beauty while meeting the demands of modern living Commitment to Quality and Craftsmanship One of the key distinguishing factors of Vestal Built LLC is their unwavering commitment to delivering homes of exceptional quality. They understand that a successful home is not just aesthetically pleasing, but also built to withstand the test of time. Utilizing advanced construction… Continue Reading
Home Makeover Tips & Tricks-Whether you are a homeowner looking to revamp your current space or a real estate investor seeking to increase the marketability of a property, a home makeover can be a great investment. One of the main benefits of a home makeover is that it allows you to create a space that is tailored to your specific needs and preferences. Whether you are looking to create a cozy and inviting atmosphere or a sleek and modern design, a home makeover can help you bring your vision to life. From selecting the right color palette to choosing the perfect furniture and decor, every detail of the makeover can be customized to suit your taste. Home Makeover Benefits In addition to enhancing the visual appeal of your home, a makeover can also significantly improve its functionality. You can reconfigure the layout of the house to create more open and flowing spaces or add additional rooms to accommodate your changing lifestyle. For example, you may choose to convert a spare room into a home office or transform the den into a media room or gym. Moreover, a home makeover can also have a positive impact on the value of your property. By updating outdated features, adding modern amenities, or incorporating eco-friendly elements, you can increase the marketability of your home and attract potential buyers. Therefore, a well-executed makeover can make your property stand out from the competition and fetch a higher selling price. When planning a home makeover, it is crucial to consider your budget and set realistic expectations. Furthermore,… Continue Reading
First Steps to Home Financing-Are you ready to embark on the exciting journey of becoming a homeowner? Owning a home is a significant milestone in one's life, but it's important to acknowledge that the process can be overwhelming, especially when it comes to financing. To navigate through this complex terrain, it's crucial to understand and follow the right steps. In this blog post, we will outline the essential first steps to home financing to assist you in realizing your dream of owning a home. 1. Assess Your Financial Situation Before you dive into the home financing process, take a moment to evaluate your financial health. Start by calculating your monthly income, considering all sources, and assessing your credit score. Additionally, take stock of your current assets, outstanding debts, and any other financial obligations you might have. Understanding your financial situation will give you a better grasp of what you can afford and help you establish a realistic budget for your dream home. 2. Save for a Down Payment Furthermore, saving for a down payment is an integral part of home financing. Depending on the type of mortgage and your lender's requirements, a down payment usually ranges between 3.5% to 20% of the total purchase price. It's advisable to start saving early to ensure you have enough funds when the time comes. Furthermore, consider setting up an automatic savings plan and cutting back on unnecessary expenses to grow your down payment fund. 3. Research Mortgage Options: Educate yourself about the various mortgage options available to you. Familiarize yourself with terms such… Continue Reading
Cape Coral Real Estate is a Boater’s Dream-Cape Coral, Florida is a fantastic destination for boating enthusiasts. With over 400 miles of canals, Cape Coral is often referred to as the "Waterfront Wonderland." Here are some tips and information to help you enjoy boating in Cape Coral. Rent a Boat Firstly, if you don't own a boat, you can easily rent one from various rental companies in Cape Coral. They offer a wide range of options, from small pleasure boats to larger pontoons or even luxurious yachts. Moreover, make sure to check their rental policies, safety requirements, and any necessary boating licenses. Explore the Canals Cape Coral's intricate canal system is perfect for exploring. Grab a map or use a GPS to navigate through the canals and discover beautiful waterfront homes, wildlife, and secluded spots. The city has designated access points for boaters, so be sure to familiarize yourself with these locations. Visit Nearby Islands Cape Coral is located close to several islands that are worth exploring by boat. Head to Sanibel Island or Captiva Island for pristine beaches, shelling opportunities, and great fishing spots. Furthermore, you can dock your boat at marinas or utilize public boat ramps provided on the islands. Fishing Cape Coral is a paradise for fishing enthusiasts. Whether you prefer freshwater or saltwater fishing, there are plenty of fishing hotspots to explore. Fish for tarpon, snook, redfish, or trout in the waters around Cape Coral. Don't forget to obtain a fishing license before casting your line. Safety first Prioritize boating safety by wearing life jackets, following speed limits, and… Continue Reading
Vacant Land in Cape Coral-The vacant land real estate market in Cape Coral, Florida is currently experiencing positive growth. Cape Coral is a highly sought after area for investors and buyers looking to build their dream home or develop commercial properties and new construction homes. There are several factors that contribute to the thriving vacant land market in Cape Coral. Affordable Waterfront Properties The city is known for its beautiful waterfront properties, as it is located on a peninsula with access to the Gulf of Mexico. Additionally, Cape Coral is home to a huge system of canals. This makes it an attractive destination for those looking to build waterfront homes or properties with water views. Cape Coral has some of the most affordable waterfront properties in the country. Amenities Cape Coral also offers a variety of amenities and activities, including golf courses, shopping centers, restaurants, and parks. It is also a popular destination for boating and fishing enthusiasts, with many marinas and boat ramps available for residents to enjoy. Strong Demand In terms of real estate development, Cape Coral has a strong demand for both residential and commercial properties. The city has seen significant growth in recent years, with new businesses and housing communities being built. Moreover, the expanding job market and favorable business environment contribute to the increasing demand for land and development opportunities. Investment Opportunities Lastly, investing in vacant land in Cape Coral can be a profitable venture, as property values continue to rise. It is important for potential investors to research the market and work with a… Continue Reading
New Construction Homes Cape Coral-New construction homes are residential properties that are newly built and have never been lived in before. Therefore, they offer several advantages compared to buying an existing home, and they can be an exciting option for homebuyers looking for a fresh start or specific features. New construction homes are built with the latest building codes and construction standards. They often incorporate modern design elements and energy-efficient features that can help save on utility bills and reduce the home's environmental impact. Moreover, these homes typically come with warranties that cover defects and provide peace of mind to the homeowner. Another benefit of new construction homes is the low-maintenance aspect. Everything in the house is brand new, so homeowners don't have to worry about costly repairs or replacing outdated systems for several years. Furthermore, these homes are designed with durability and efficiency in mind, which can result in lower upkeep costs over time. Additionally, it is important for potential buyers to work with a real estate agent who specializes in new construction homes. Such agents have knowledge of the local market and builder reputation and can guide buyers through the entire process, from selecting a trusted builder to negotiating contracts and overseeing inspections. Finally, at Cape Coral Lots, we have long standing relationships with many builders in SWFL. Additionally, we have the knowledge and experience of buying and selling new construction homes. Below is information about some of the new construction homes we have available for sale in Cape Coral. Above all, if you need help purchasing or… Continue Reading
Cape Coral Homes: Renting Versus Owning-Renting versus owning a home is a major decision that depends on various factors, such as your lifestyle, financial situation, and long-term goals. Here are some points to consider when comparing renting and owning a home in Cape Coral. Financial Considerations Renting a home typically requires a monthly payment without any potential return on investment. However, it may be more affordable in the short term, especially if you don't have a substantial down payment or if you're unsure about your long-term plans. Purchasing a home requires a down payment and additional costs like mortgage payments, property taxes, insurance, and maintenance expenses. However, over time, owning a home can build equity and serve as an investment. Flexibility Renting provides more flexibility to change locations easily. If you prefer to have the freedom to move frequently or explore different neighborhoods, renting might be a better option. Homeownership requires a more long-term commitment. Selling a property can take time and incur costs. If stability and creating a long-term living situation are your priorities, owning may be more suitable. Maintenance and Responsibility While renting, most maintenance responsibilities usually lie with the landlord or property management. You generally have fewer responsibilities and expenses for repairs and upkeep. In contrast, homeowners have more control over customization and improvements, but they also have full responsibility for maintenance, repairs, and renovations. Tax Benefits and Financial Stability Rent payments offer no tax benefits and do not build equity for future use. Rent prices may also increase over time, affecting your long-term financial planning. Owning a… Continue Reading
Things to do in Cape Coral Florida-Cape Coral, Florida is a city located in Southwest Florida, right on the Gulf of Mexico. It is known for its beautiful waterfront properties, canals, and boating opportunities. The city has a population of over 190,000 residents and is one of the fastest-growing cities in the state. Moreover, Cape Coral is a popular destination for retirees, families, and vacationers looking for a relaxed and tropical lifestyle. The city offers a wide range of real estate options, from single-family homes to condominiums, many with waterfront or canal frontage. Furthermore, the canals that wind throughout the city provide excellent opportunities for boating, fishing, and other water activities.Along with its natural beauty and water attractions, Cape Coral also has many parks, golf courses, and shopping centers to cater to residents' needs. It also offers a variety of dining options, entertainment venues, and cultural events. Activities to do in Cape Coral Florida: 1. Visit the Cape Coral Farmers Market: Explore this vibrant market featuring local produce, fresh seafood, homemade crafts, and live entertainment. The market is held every Saturday in downtown Cape Coral between SE 47th Terrrace and SE 10th Place.2. Go on a Boat Tour: Rent a boat or join a guided tour to explore the beautiful waterways and scenic views around Cape Coral. You can also go fishing, kayaking, or paddleboarding.3. Relax at the Beaches: Spend a day at the beaches in Cape Coral, such as Cape Coral Yacht Club Beach or Four Mile Cove Ecological Preserve. Enjoy swimming, sunbathing, and picnicking. *Note: The Cape Coral Yacht Club… Continue Reading
Tips for Moving Your Family to Cape Coral-Moving can be particularly stressful with a family due to a variety of factors. Firstly, with a family, there are usually more items to pack and organize, making the moving process more complex. Additionally, coordinating schedules, finding a new home that meets everyone's needs, and handling the logistics of moving day can add to the stress. Moving requires extensive planning, organization, and time management. Lastly, balancing moving tasks with regular family commitments, work, and school can be overwhelming and stressful. Below are a few tips to for moving your family to Cape Coral and to help make the process easier. Create a Moving Plan Start by making a comprehensive moving plan that outlines all the tasks that need to be completed. Of course, this plan should include a timeline for each task, a budget, and a checklist of items that need to be packed and moved. Declutter and Organize Before you start packing, encourage each family member to go through their belongings and declutter. This will help reduce the number of items that need to be packed and moved, making the process more manageable. Sort items into categories such as keep, donate, sell, or throw away. Hire Professional Movers Depending on your budget and preference, you can choose to hire professional movers or opt for a DIY move. Further, obtain quotes from reputable moving companies and compare their services and pricing. If you choose to hire movers, book them as early as possible to ensure availability on your preferred moving date. Pack Room by Room Start… Continue Reading
Cape Coral: Property Management Tips-Long-term and short-term rentals can be a great investment opportunity for investors looking to maximize their income. Property management is the oversight and administration of these real estate properties either by the property owner or by a licensed professional on behalf of the property owner. Property management involves tasks such as rent collection, tenant screening, property maintenance and repairs, lease agreements, and marketing and advertising. To illustrate, here are some property management tips to maximize your investments in Cape Coral. 1. Know your target market: Firstly, it's important to understand the needs, preferences, and demographics of your target market. This will help you tailor your property management strategies and marketing efforts accordingly. 2. Develop a strong online presence: In today's digital age, having a strong online presence is crucial. Create a professional website for your property management business. Additionally, it is important to utilize social media platforms to showcase your properties and attract potential tenants. 3. Maintain and improve properties: Regularly conduct property inspections to identify areas that need maintenance or improvement. Keeping properties in good condition will not only attract quality tenants but also help retain them in the long run. 4. Effective advertising and marketing: Utilize various advertising channels to promote your properties, such as online listings, local newspapers, flyers, and signs. Specifically, highlight the unique features and benefits of each property to attract potential tenants. 5. Screen tenants thoroughly: Implement a thorough tenant screening process to ensure that you select reliable and responsible tenants. Conduct background checks, verify employment and income, and check for… Continue Reading
Growth and Development in Cape Coral-Cape Coral is located in SWFL on the Gulf Coast, separated from Fort Myers by the Caloosahatchee River. Cape Coral is famous for its integrated canal systems of both freshwater and saltwater. With over 400 miles of navigable canals, Cape Coral has more canals than Venice Italy. Source: https://worldpopulationreview.com/us-cities/cape-coral-fl-population Cape Coral is the largest city by population in Lee County Florida, and the 8th largest city in Florida. Its population has been steadily increasing 7% annually over the past 10 years. Indeed, these increases have attracted developers and investors to the area. Cape Coral is a popular destination for retirees and families. For instance, the city has a warm climate, beautiful beaches, and a variety of activities and amenities. In recent years, Cape Coral has seen a number of new developments and improvements. Below is an overview of some of the latest news and updates regarding development in Cape Coral. Housing Developments in Cape Coral New construction continues to boom in Cape Coral and there are a number of new housing developments already completed or underway. Furthermore, these developments will add thousands of new homes to the city's housing market. The new developments include a variety of housing types, including single-family homes, townhomes, and apartments. Some examples of newer luxury apartment developments include Midtown Cape Coral, The Oasis at Surfside, and Coralina Apartments. New construction single-family homes are also still on the rise. We expect the demand to continue due to the city’s increasing population. Lee County issued 670 permits in May 2023. New Commercial Developments… Continue Reading
Cape Coral Waterfront Homes Increase Value-Situated in Southwest Florida, the city of Cape Coral, known for its extensive shoreline with several beaches, is actually a great area 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. Waterfront homes often hold a higher value compared to homes without water access for several reasons. Here are some factors that contribute to the increased value of waterfront homes. Amazing waterfront Terrace in Paradise Scenic Views One of the biggest attractions of waterfront homes are the breathtaking views they offer. Whether it's a serene lake or an expansive oceanfront, waterfront homes provide the opportunity to wake up to picturesque scenery every day. These stunning views are highly desirable and command a premium price. Activities & Vacation-like Atmosphere Living near the water allows homeowners to enjoy various recreational activities such as boating, fishing, swimming, and water sports. The convenience and easy access to these amenities contribute to the increased value of waterfront properties. Furthermore, owning a waterfront home can feel like being on vacation all year round. The ambiance and proximity to natural beauty create a sense of escape and relaxation, offering a permanent retreat-like experience Privacy and Tranquility Waterfront properties often provide a higher level of privacy compared to homes located in more densely populated areas. Water bodies act as natural buffers, reducing noise and creating a serene and exclusive environment. Waterfront homes also offer a sense of peace and… Continue Reading
Cape Coral Real Estate Market Update-According to the latest market data, the Cape Coral real estate market has been experiencing steady growth and activity in 2023. Here are some key highlights and trends: Firstly, the median sold home prices in Cape Coral have continued to remain neutral. The June 2023 Months of Inventory based on Closed Sales of 3.9 was increased by 113.7% compared to last year and up 29.6% compared to last month. June 2023 was Neutral market. There is a high demand for properties in Cape Coral, particularly among retirees and individuals looking for vacation homes. The favorable weather, affordable living, and access to outdoor activities are some of the key reasons for this positive buyer sentiment.There has been a surge in new construction projects, with builders capitalizing on the demand for housing. This trend has brought more options for buyers and has helped ease the inventory shortage to some extent.Additionally, the popularity of Cape Coral as a vacation destination has fueled the demand for short-term rentals. Many investors are purchasing properties with the intention of renting them out to tourists, which could present additional investment opportunities.Overall, the Cape Coral real estate market has demonstrated stability, despite fluctuations in the broader economy. The consistent growth and demand for properties indicate a favorable market environment for both buyers and sellers.It's important to note that these trends are based on general market data. They may vary depending on specific neighborhoods or property types. Moreover, If you have any specific questions or would like a more detailed analysis of a particular area… Continue Reading
Open House 7/8 – Cape Coral Homes For Sale-𝐎𝐏𝐄𝐍 𝐇𝐎𝐔𝐒𝐄: 𝟕/𝟖/𝟐𝟑 𝟏𝟏𝐀𝐌 𝐓𝐎 𝟑𝐏𝐌 𝐶𝑜𝑚𝑒 𝑡𝑜𝑢𝑟 𝑡ℎ𝑖𝑠 𝑏𝑒𝑎𝑢𝑡𝑖𝑓𝑢𝑙 𝑚𝑜𝑑𝑒𝑙 ℎ𝑜𝑚𝑒! 𝑊𝑒 ℎ𝑎𝑣𝑒 𝑠𝑒𝑣𝑒𝑟𝑎𝑙 𝑜𝑓 𝑡ℎ𝑒𝑠𝑒 ℎ𝑜𝑚𝑒𝑠 𝑎𝑣𝑎𝑖𝑙𝑎𝑏𝑙𝑒 𝑖𝑛 𝑡ℎ𝑒 𝑛𝑒𝑖𝑔ℎ𝑏𝑜𝑟ℎ𝑜𝑜𝑑 𝑐𝑜𝑚𝑝𝑙𝑒𝑡𝑒𝑑 𝑎𝑛𝑑 𝑟𝑒𝑎𝑑𝑦 𝑓𝑜𝑟 𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑒. 𝑅𝑒𝑓𝑟𝑒𝑠ℎ𝑚𝑒𝑛𝑡𝑠 𝑎𝑛𝑑 𝑠𝑛𝑎𝑐𝑘𝑠 𝑤𝑖𝑙𝑙 𝑏𝑒 𝑝𝑟𝑜𝑣𝑖𝑑𝑒𝑑. 𝐺𝑒𝑡 𝑜𝑢𝑡 𝑜𝑓 𝑡ℎ𝑒 ℎ𝑒𝑎𝑡 𝑓𝑜𝑟 𝑎 𝑓𝑒𝑤 𝑎𝑛𝑑 𝑐𝑜𝑚𝑒 𝑟𝑒𝑙𝑎𝑥 𝑤𝑖𝑡ℎ 𝑢𝑠 𝑎𝑡 𝑡ℎ𝑖𝑠 𝑏𝑒𝑎𝑢𝑡𝑖𝑓𝑢𝑙 𝑛𝑒𝑤 𝑐𝑜𝑛𝑠𝑡𝑟𝑢𝑐𝑡𝑖𝑜𝑛. 𝑀𝑜𝑟𝑒 𝑖𝑛𝑓𝑜𝑟𝑚𝑎𝑡𝑖𝑜𝑛 𝑏𝑒𝑙𝑜𝑤 𝑎𝑏𝑜𝑢𝑡 𝑡ℎ𝑒 𝐶𝑎𝑝𝑒 𝐶𝑜𝑟𝑎𝑙 𝐻𝑜𝑚𝑒𝑠 𝑓𝑜𝑟 𝑠𝑎𝑙𝑒: About the Cape Coral Homes For Sale 𝑶𝒇𝒇𝒆𝒓𝒆𝒅 𝒑𝒓𝒊𝒄𝒆: $399,500These beautiful new construction homes offer 4 bedrooms, 2 baths and 1691 sq ft. of living space. The kitchen features granite countertops, stainless steel appliances, 42-inch cabinets with soft-close drawers, and a large kitchen bar with plenty of counter space. The primary bathroom includes double sinks, granite countertops, a tiled shower, and a large walk-in closet. The second bathroom also includes granite countertops and a tiled shower/tub combo. This home also comes with a 3-car garage which will give you plenty of space to keep your vehicles and more. Other features include tile throughout, vaulted ceilings, a screened-in lanai, tons of storage space, and hurricane-impact doors and windows. The home is beautifully landscaped with a sprinkler system already installed. Washer & dryer included. No HOA. Lastly, no flood insurance is required! Click below to check out more information about these two Cape Coral Homes that are active listings! Both are on city water, sewer, and irrigation! 222 NW 3rd Pl., Cape Coral, FL 33993 428 NW 4th St., Cape Cora, FL 33993 Please click here to learn more about the new construction homes available. Even More Options… Continue Reading
Title Companies and Services-A title company, also known as a title insurance company, is a company that plays a crucial role in real estate transactions. They handle the closing process by coordinating with all parties involved, securing and disbursing funds, and facilitating the transfer of ownership. There are several reasons why people should use a title company in real estate transactions. Overall, using a title company minimizes the risk and ensures a smooth and legally sound real estate transaction for all parties involved. Below is a list of Title Company services and benefits. Title Search A title company conducts a thorough title search to ensure that the property being sold has a clear and marketable title. This means verifying ownership, checking for any liens, encumbrances, or other issues that could affect the buyer's ownership rights. Title Insurance Title insurance is issued by title companies. Title insurance protects the buyer and lender against any potential losses arising from title defects, undisclosed liens, or other issues that may arise. This is a benefit that gives buyers peace of mind and protects their investment. Escrow Services Title companies act as neutral third parties in real estate transactions. They hold and disburse funds, including earnest money deposits and closing costs, in an escrow account until all conditions of the sale are satisfied. This ensures that both the buyer and seller are protected and that the transaction is carried out smoothly. Closing Services Closing services involve facilitating the closing process by preparing the necessary documents, coordinating with all parties involved, and ensuring that all… Continue Reading
Tips to Sell Your Home in Cape Coral-Here are some tips on how to sell your home fast in Cape Coral, Florida: 1. Price your home competitively First, to sell your home fast is important to price it competitively. You want to make sure your home is priced at fair market value. You can use online resources like Zillow and Trulia to get an idea of what similar homes in your area are selling for. However, take caution not to rely on these websites 100%, especially when looking at “appraisal values”. A lot of factors are considered when pricing a home and a trusted realtor can identify these things and price the home accordingly. Click here for a free home valuation! 2. Make your home look its best Next, once you have a price in mind, it's time to make your home look its best. You want to declutter and make your home look open and inviting. Highlight the best features of your home by strategically arranging furniture and décor. Additionally, consider hiring a professional stager to create a welcoming and visually appealing atmosphere. Ensure that your home is in good condition by fixing any outstanding maintenance issues. It’s important for buyers to see your property as move-in ready. 3. Professional photography Furthermore, hiring a professional photographer to take high-quality photos can really elevate your home. Online listings with attractive photos tend to attract more interested buyers. 4. Utilize online marketing Try listing your home on multiple real estate websites and use social media platforms to reach a larger audience. Specifically, include detailed descriptions… Continue Reading
Cape Coral Real Estate – Mid Year Update-As real estate professionals, we want to provide you with accurate and useful information about the current state of the real estate market. By analyzing the data provided, we can see a correlation between the months supply of inventory, the 12-month change in months of inventory, median days homes are on the market, list to sold price percentage, and median sold price. Below is your Cape Coral real estate mid year market update! *Note* data is from all residential sales (single-family, condos, townhomes, and apartments). Months Supply of Inventory Firstly, the months supply of inventory is a measure of how long it would take for all the current homes on the market to sell, given the current rate of sales. In this case, the months supply of inventory is 4.16, which means that if no new homes were listed on the market, it would take just over 4 months for all the current homes to sell. However, it's important to note that the 12-month change in months of inventory has increased by 166.67%. This indicates that there are more homes on the market now than there were a year ago, which is affecting the supply and demand balance. Median Days on Market Meanwhile, the median days homes are on the market is 34, which is relatively low. This suggests that homes are selling relatively quickly, despite the increase in supply. List to Sold Price Percentage Additionally, the list to sold price percentage is 97.5%, which means that homes are selling for a price that is very… Continue Reading
Cape Coral Fishing Spots – What you need to know!-Cape Coral Fishing is a great way to relax, spend time with family and friends, and escape everyday stressors. Since Florida is the “Fishing Capital of the World” it makes sense that people want to move and vacation here! Cape Coral is a city in Southwest Florida known for its beautiful beaches, canals, and fishing opportunities. The fishing in Cape Coral is great because of the city's location, its waterways, and its abundance of fish. The city is located on the Gulf of Mexico coast and has a large number of canals and lakes. Furthermore, the canals and lakes in Cape Coral provide a variety of habitats for fish, and the city's location on the Gulf of Mexico coast means that there is a constant supply of baitfish. Accordingly, this makes Cape Coral a great place to fish for a variety of species, including bass, trout, snook, and tarpon. Cape Coral is also home to many fishing piers and boat ramps. Additionally, this makes it easy to get out on the water and start fishing. There are also a number of fishing guides in Cape Coral who can help you find the best places to fish and the best baits to use. If you are looking for a great place to fish, Cape Coral is a great option. The city has a variety of waterways, a variety of fish, and a variety of places to fish. The fishing in Cape Coral is great for both experienced and novice anglers. Below is a list of approved fishing… Continue Reading
Cape Coral Vacant Land Market Update-April 2023 Statistics Cape Coral Vacant Land Market Update: May 2023. Here are are some important statistics from April 2023 Closed Sales: 223New Listings: 351Active Inventory: 2,559Median Sales Price: $50,000Average Sales Price: $75,000 April 2023 was a buyers market! The Median Sold Price increased by 6.4% from last month. Additionally, the Average Sold Price decreased by 6.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Appreciating" Additionally, the DOM for April 2023 was 136, down 9.9% from 151 days last month and up 60% from 85 days in April of last year. Lastly, the April 2023 Months of Inventory based on Closed Sales of 11.5 was increased by 273.6% compared to last year and up 16.5% compared to last month. April 2023 was Buyer's market. City Approves Future Land Use Change The Cape Coral Planning and Zoning Commission recommended approval Wednesday for a city-initiated small-scale future land-use amendment for 140 properties along Diplomat Parkway East totaling about 14.6 acres. Buying Vacant Land in Cape Coral Are you looking to purchase vacant land in Cape Coral or other parts of SWFL? Are you a builder, investor, or looking to build your dream home? If so, there are some important things you need to know when buying lots in Cape Coral and SWFL. Of course, we want you to know a few things you should be looking at when you decide to purchase a lot here. Click here to find out more. Selling Vacant… Continue Reading
FIRPTA & Foreign Owners in Cape Coral-Unlike other areas of the country, Cape Coral is full of foreign property owners. Some have bought vacant lots that they plan to eventually build a home on and retire in this area. Yet, others have bought the lots for cheap as a long-term investment or quick flip. We also have many foreign clients who own a home here in Cape Coral as a second home, vacation home, or income property. Either way, at some point there comes a time when the foreign property owner is ready to sell their investment. But, there are some very important factors to consider when selling a property in the United States as a foreign owner. Here we will discuss FIRPTA and Foreign Owners in Cape Coral. One of the most important things to consider is FIRPTA. Are you a foreign property owner or investor? If so, it is important to understand FIRPTA and what that means when you sell a property here in the United States. What does FIRPTA mean? FIRPTA stands for the Foreign Investment in Real Property Tax Act. Back in the 1980’s, the US government instituted a withholding tax at the time of sale when the property is owned by a foreign person. The tax code requires buyer’s to withhold up to 15% of the gross sales price if the seller is a nonresident alien, foreign corporation, foreign partnership, foreign trust, or foreign estate. Additionally, foreign investors are given a Taxpayer Identification Number (TIN) to pay taxes or to file for withholdings on properties they buy and… Continue Reading
The Timeless Value of Investing in Cape Coral Waterfront Real Estate-Spending a few days at a nice place near the coast is always a wonderful prospect. Now imagine owning that place and having access to it all year round. And now, imagine this scenario: You do not only own that nice place, but it’s earning money for you, too. Few would turn down such an opportunity, and many have found it in the form of waterfront lots. Whether it’s near the ocean, lake, or even a river, waterfront properties have stayed as prime options throughout the years. Writing for NuWire Investor, Ryan Tomlinson listed down some of the main reasons that make these estates high-value investments: There are a myriad of motives why investors buy coastal real estate, but the main one is that they expect it to increase in value. Although there are market fluctuations and prices may go down from time to time, waterfront proprieties remain profitable investments. Aventure in landed propriety must be made with long-term increases in mind. Real estate can be let out on a short-term basis too. For instance, a chic beachfront condo may be leased annually, while a waterfront apartment can be rented as a seasonal vacation residence. Hence, the investor will obtain rental income from the property and he will also be able to spend relaxing holidays there. Turning a profit from waterfront real estate has everything to do with the location of the property. Being near the water, these places enjoy excellent climate for almost the whole year. The presence of lush flora is a common… Continue Reading
Ways To Use Your Tax Refund If You Want To Buy a Home - Ways To Use Your Tax Refund If You Want To Buy a Home Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains: “If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve already started to save, your tax refund could move you down the road faster.” While how much money you may get in a tax refund is going to vary, it can be encouraging to have a general idea of what’s possible. Here’s what CNET has to say about the average increase people are seeing this year: “The average refund size is up by 6.1%, from $2,903 for 2023's tax season through March 24, to $3,081 for this season through March 22.” Examples Sounds great, right? Remember, your number is going to be different. But if you do get a refund, here are a few examples of how you can use it when buying a home. According to Freddie Mac: Saving for a down payment – One of the biggest barriers to homeownership is setting aside enough money for a down payment. You could reach your savings goal even faster by using your tax refund to help. Paying for closing costs – Closing costs… Continue Reading
Should I Wait for Mortgage Rates To Come Down? - Should I Wait for Mortgage Rates To Come Down Before I Move? If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold. But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen. The graph below helps give you a visual of how this relationship works and where we are today: As Lisa Sturtevant, Chief Economist for Bright MLS, explains: “The higher rates we’re seeing now [are likely] going to lead more prospective buyers to sit out the market and wait for rates to come down.” Why You Might Not Want To Wait If you’re asking yourself: what does this mean for my move? Here’s the golden nugget. According to experts, mortgage rates are still projected to come down this year, just a bit later than they originally thought. When rates come down, more people are going to get back into… Continue Reading
The Top 2 Reasons To Consider a Newly Built Home - The Top 2 Reasons To Consider a Newly Built Home When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like. Maybe you’ve got a specific picture of that house in your mind. But unless you came into this process knowing you want to buy a newly built home, you may not have pictured new home construction. A trusted real estate agent can help walk you through these two reasons you may want to reconsider that. 1. Adding Newly Built Homes Could Give You More Options There are two types of homes on the market: new and existing. A newly built home refers to a house that was just built or is under construction. An existing home is one a previous homeowner has already lived in. Right now, the inventory of existing homes is tight. But there may be options for you on the new home side of things. Data from the Census and the National Association of Realtors (NAR) shows that newly built homes are a bigger part of today’s housing inventory than the norm (see graph below): From 1983 to 2019 (the last normal year in the market), newly built homes made up only 13% of the total inventory of homes for sale. But today that number has climbed to over 33%. Rest assured, after over a decade of underbuilding, builders aren’t overdoing it today. Even with an increase in new construction today, there’s still a significant housing shortage overall. But for you, the uptick in new builds can be a game changer because it… Continue Reading
Why a Condo May Be a Great Option for Your First Home - Why a Condo May Be a Great Option for Your First Home Having a hard time finding a first home that's right for you and your wallet? Well, here's a tip – think about condominiums, or condos for short. They're usually smaller than single-family homes, but that's exactly why they can be easier on your budget. According to the latest data from the National Association of Realtors (NAR), condos are typically less expensive than single-family homes (see graph below): So, if you're comfortable with a smaller space and want to buy your first home this year, adding condos to your search might be easier on your wallet. Besides giving you more options for your home search and maybe fitting your budget better, living in a condo has a bunch of other perks, too. According to Rocket Mortgage: “From community living to walkable urban areas, condos are great options for first-time home buyers and people looking to enjoy homeownership without extensive upkeep.” Benefits of Buying A Condo Let’s dive into a few of the draws of condos for first-time buyers from Bankrate: They require less maintenance. Condos are great if you want to own your place but don't want to mow the lawn, shovel snow, or fix the roof. Your real estate agent can help explain any associated fees and details for the condos you’re interested in. They allow you to start building equity. When you buy a condo, you build equity and your net worth as you make your mortgage payments and as your condo’s value goes up over time. They often come with added amenities. Your condo might come with access to amenities like a pool, dog park, or… Continue Reading
Things to know about the Housing Market - State of the Economy The housing market is a complex system that is influenced by a multitude of factors. One of the most significant of these factors is the overall state of the economy. Strong economic growth and low unemployment rates tend to boost consumer confidence and increase demand for homes, which can drive up prices. The state of the economy is a crucial factor impacting the housing market. Economic growth and low unemployment rates increase demand for homes, driving up prices. Weak economy and high unemployment rates decrease demand, leading to lower prices. Inflation, interest rates, stock market performance, and consumer confidence can also influence the housing market. Understanding the economy is important for timing purchases or sales and pricing property appropriately. Interest Rates Another key factor is interest rates. Interest rates are the cost of borrowing money. They impact the affordability of mortgages and the demand for homes. When interest rates are low, it's easier to obtain mortgages and demand for homes increases, driving up prices. The Federal Reserve sets interest rates primarily by adjusting the federal funds rate. Other factors like inflation, economic growth, and global events can also impact interest rates. Keeping an eye on interest rates is important for those looking to buy or sell a home. Demographic Trends Demographic trends are changes in the population that impact the housing market. Population growth can increase demand for housing, while a decline in birth rates can lead to a decrease. Migration patterns also play a role in the housing market, and changes… Continue Reading
Recommendations for Buying Property - Buying property can be a complex process. It's important to take your time and do your research to ensure a successful purchase. Getting Started To get started, determine your budget and what type of property you are looking for. Consider factors such as location, size, and amenities to help narrow down the options. Find Properties Once you have a general idea of what you're looking for, it's time to start researching the real estate market in the area you're interested in. Look for comparable properties to get an idea of what prices are reasonable. Real Estate agents can help find properties that fit your criteria and budget. Take a Look When you've found a property that you're interested in, it's important to arrange a viewing and conduct a thorough inspection. Consider hiring a professional inspector to assess the property's condition and identify any potential issues. This can help make an informed decision about whether the property is worth the asking price. Make an Offer Once satisfied with the property's condition and price, make an offer and negotiate the terms of the sale with the seller. This can include factors such as the closing date, contingencies, and repairs. Remember to take your time! Ask plenty of questions throughout the negotiation process to ensure that you're comfortable with the terms. If need be, write down the questions so they are not forgotten. Paperwork Finally, it's important to hire a real estate agent to review the legal documents and oversee the closing process. The agent will ask what you… Continue Reading
Residential Lots For Sale Cape Coral - So you’re looking for a new adventure, a new place to call home, and you want to build the home you’ve always dreamed of. Why not consider Cape Coral, Florida, a beachside oasis and growing city? Perhaps you’re already in Cape Coral or the Southwest Florida area and are looking for a new challenge. No matter what your situation is, Cape Coral has lots for sale that will please anyone. Start the next exciting chapter in your life by exploring the many options for land for sale that Cape Coral, Florida has to offer. Of course, one of the biggest draws to Cape Coral is the fact that the city rests comfortably next to the Gulf of Mexico. Many people seek land for sale close to the beach so they can enjoy the natural, calming beauty of the ocean every day. If you’ve always dreamed of having a beach home, Cape Coral is the place to make that happen. Even if you like the beach but don’t want to live right next to it, there are plenty of other lots for sale throughout Cape Coral that will suit your needs. Not only is Cape Coral, Florida famous for its beautiful beaches and waterways but it’s also known as the fastest growing city in Florida. Vacationers flock to Cape Coral every year, creating a strong tourism industry. Retirees and families have been coming to Cape Coral in search of residential lots for sale to build the perfect home on in a beautiful and exciting city. If you… Continue Reading
Residential Lots Cape Coral - When you buy residential lots for sale in Cape Coral, Fl, there are many details that must be considered. At Cape Coral Lots, our services provide the information that a buyer and seller need to know. When you are looking at Cape Coral lots for sale a lot of thought has to be put into these elements to ensure that you walk away with the best property for the best deal. One of the biggest details to remember is financing. Most likely you will want to start looking into residential lot loans before you even begin your search for Cape Coral lots for sale so that you have a clear understanding of how different loans work and which one will be the best option for you. The type of loan that accompanies the purchase of residential land for sale will depend on how the residential land for sale is going to be used and the state of the property itself. Raw land, land that has not yet been improved with things like roads, utilities, and sewers, are typically harder to obtain loans for. If you’re interested in Cape Coral lots for sale that have not been improved, be prepared to pay a higher down payment and a higher interest rate for a raw land loan. Some lenders might even ask for as much as a 50 percent down payment for this type of loan so you may have to do some shopping to find a lender with more reasonable rates. Improved property is generally easier to… Continue Reading
Surfside Condo Collapse - The Surfside Condo Collapse, a tragic incident that took place in Miami, Florida on June 24, 2021, has sparked a significant shift in conversations about building safety. The collapse of the 12-story Champlain Towers South Condo resulted in substantial loss, inciting global shock and sorrow. As discussions about building safety intensify, new legislation is under consideration to ensure similar unfortunate events do not happen in the future. Understanding the Surfside Condo Collapse About 55 of the 136 units at Champlain Towers South were reduced to rubble as the condo collapsed. This horrific event killed 98 people. The calamity has forced us to ruminate on the importance of in-depth and regular building inspections for safety purposes. Rescue efforts were another challenging aspect of the incident due to the potential instability of the remaining structure. New Legislation: An Essential Preventive Measure In the wake of the Surfside Condo Collapse, lawmakers have put forth new legislation directed towards ensuring such tragic incidents do not repeat in the future. These include stricter inspection requirements, more thorough structural assessments, more transparency in inspection results for potential buyers and residents, and more stringent standards for repair and maintenance. The Florida State Senate Bill 378 and House Bill 269 recently proposed, aim to address these priorities. The bills lay out regulations mandating inspections of structural, electrical, and mechanical components for buildings taller than 3 stories and more than 30 years old. A defined frequency of inspections is another aspect of the proposed legislation. The Impact on the Real Estate Industry While these legislations will… Continue Reading
Gulf Access Lots in Cape Coral - The city of Cape Coral in the paradisiacal Southwest Florida is an oasis for all types of real estate enthusiasts. But today, we turn the spotlight on a unique asset – Gulf Access Lots in Cape Coral – that offer unparallel advantages and are a significant part of Cape Coral's appeal. Known as a "Waterfront Wonderland," Cape Coral presents a rich pick for those who yearn to embrace an illustrious lifestyle, surrounded by serene waters and breathtaking sunsets over the Gulf of Mexico. Gulf Access Lots: The Lure of Unobstructed Water Access Many Gulf access lots provide direct, unrestricted access to the pristine waters of the Gulf of Mexico, making them an enviable commodity. For boating aficionados, these lots provide an unrivaled convenience - imagine stepping off your patio and onto your private yacht, ready to explore the Gulf at a whim. The alluring promise of freedom, adventure, and waterborne tranquility is what sets direct Gulf Access Lots apart. The Fishing Enthusiast’s Paradise Moreover, Cape Coral isn't just a fantastic place to live; it's also a paradise for fishing lovers. Anglers with property on Gulf Access Lots have at their disposal the rich, fertile fishing grounds of the Gulf. Whether it's Tarpon, Redfish, Snook, or Spotted Seatrout, you'll experience the thrill of making a catch right from your backyard. Owning a Gulf Access Lot makes this exciting prospect a part of your everyday life. Spectacular Gulf Sunsets One of the most captivating experiences at the Gulf Access Lots is the dramatic sunset views. As dusk falls,… Continue Reading
Cape Coral Vacant Land Market Update - Below is the Cape Coral Vacant Land Market Update . This information will give you an idea of the current market trends. For information about a specific property or location just give us a call and we can provide that for you. Current Market Statistics Firstly, January 2024 was a Buyer's market! The number of for sale listings was down 18.6% from one year earlier and up 2.7% from the previous month. The number of sold listings increased 17% year over year and decreased 15.8% month over month. The number of under contract listings was up 14.1% compared to previous month and up 39.3% compared to previous year. Additionally, The Months of Inventory based on Closed Sales was 13.3, down 30.4% from the previous year. The Median Sold Price increased by 13.4% from last month. The Average Sold Price also increased by 26.7% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".The Median Days on Market showed a neutral trend, a decrease of 17% compared to previous year. Furthermore, The ratio of Sold Price vs. Original List Price was 89%, an increase of 4.7% compared to previous year. Market Insights Over the past 1-2 years, the Federal Reserve has raised rates from 2% to over 5%. Higher for longer has become the new normal. Mortgage interest rates may fluctuate between 5%-8%, but the era of 2% mortgages is over, and so is the rapid appreciation of lot prices. The good news is that demand is still high… Continue Reading
Investing in Rental Properties in Cape Coral - Investing in rental properties in Cape Coral can be a lucrative and rewarding venture. It offers several benefits, such as generating a passive income stream, building wealth, and providing a cushion against inflation. However, like any investment, it also comes with its own set of challenges and considerations. One of the key advantages of investing in rental properties is the potential for monthly cash flow. By acquiring properties and renting them out to tenants, you can generate a steady income stream that can help cover expenses, such as mortgage payments, property taxes, insurance, and maintenance costs. The goal is to ensure that the rental income exceeds the expenses, leaving you with positive cash flow. Additionally, rental properties offer long-term appreciation potential. Over time, property values tend to increase, allowing you to build equity in your investments. This can be beneficial if you decide to sell the property in the future or use it as collateral for other investments.Diversification is another advantage of investing in rental properties. Real estate often behaves differently from other investment classes, such as stocks or bonds. Including rental properties in your investment portfolio can help spread the risk and reduce the impact of market fluctuations.However, investing in rental properties also requires careful planning and consideration. Here are a few factors to keep in mind: Location The location of your rental property plays a vital role in its success. Look for areas with strong rental demand, low vacancy rates, and potential for growth. Proximity to amenities, schools, transportation, and job opportunities can also… Continue Reading
Vestal Built LLC Brings High-Quality New Construction Homes to Cape Coral - Cape Coral, Florida has been experiencing unprecedented growth and development in recent years. With its stunning waterfront views, abundant recreational opportunities, and year-round warm weather, it's no wonder that many people are flocking to this tropical paradise. In line with the city's flourishing real estate market, we are excited to introduce Vestal Built LLC, which is set to elevate the architectural landscape of Cape Coral even further. Vestal Built LLC will bring its wealth of experience and expertise gained in North Carolina to Florida. After building hundreds of new construction homes across the Tar Heel State, they are eager to start their journey of building homes for the residents here in sunny SouthWest Florida. "We are excited to bring our knowledge, fresh vision, high-quality homes, and exceptional customer satisfaction to the Cape Coral area", states owner Sonny Vestal. Unveiling a New Vision Vestal Built LLC enters the Cape Coral market with a fresh vision and a commitment to excellence. With an appreciation for the city's charm and potential, they have pledged to transform the local real estate scene through meticulous attention to detail, and contemporary designs. By understanding the unique needs of Cape Coral residents, they seek to create homes that embrace the area's natural beauty while meeting the demands of modern living Commitment to Quality and Craftsmanship One of the key distinguishing factors of Vestal Built LLC is their unwavering commitment to delivering homes of exceptional quality. They understand that a successful home is not just aesthetically pleasing, but also built to withstand the test of time. Utilizing advanced construction… Continue Reading
Home Makeover Tips & Tricks - Whether you are a homeowner looking to revamp your current space or a real estate investor seeking to increase the marketability of a property, a home makeover can be a great investment. One of the main benefits of a home makeover is that it allows you to create a space that is tailored to your specific needs and preferences. Whether you are looking to create a cozy and inviting atmosphere or a sleek and modern design, a home makeover can help you bring your vision to life. From selecting the right color palette to choosing the perfect furniture and decor, every detail of the makeover can be customized to suit your taste. Home Makeover Benefits In addition to enhancing the visual appeal of your home, a makeover can also significantly improve its functionality. You can reconfigure the layout of the house to create more open and flowing spaces or add additional rooms to accommodate your changing lifestyle. For example, you may choose to convert a spare room into a home office or transform the den into a media room or gym. Moreover, a home makeover can also have a positive impact on the value of your property. By updating outdated features, adding modern amenities, or incorporating eco-friendly elements, you can increase the marketability of your home and attract potential buyers. Therefore, a well-executed makeover can make your property stand out from the competition and fetch a higher selling price. When planning a home makeover, it is crucial to consider your budget and set realistic expectations. Furthermore,… Continue Reading
First Steps to Home Financing - Are you ready to embark on the exciting journey of becoming a homeowner? Owning a home is a significant milestone in one's life, but it's important to acknowledge that the process can be overwhelming, especially when it comes to financing. To navigate through this complex terrain, it's crucial to understand and follow the right steps. In this blog post, we will outline the essential first steps to home financing to assist you in realizing your dream of owning a home. 1. Assess Your Financial Situation Before you dive into the home financing process, take a moment to evaluate your financial health. Start by calculating your monthly income, considering all sources, and assessing your credit score. Additionally, take stock of your current assets, outstanding debts, and any other financial obligations you might have. Understanding your financial situation will give you a better grasp of what you can afford and help you establish a realistic budget for your dream home. 2. Save for a Down Payment Furthermore, saving for a down payment is an integral part of home financing. Depending on the type of mortgage and your lender's requirements, a down payment usually ranges between 3.5% to 20% of the total purchase price. It's advisable to start saving early to ensure you have enough funds when the time comes. Furthermore, consider setting up an automatic savings plan and cutting back on unnecessary expenses to grow your down payment fund. 3. Research Mortgage Options: Educate yourself about the various mortgage options available to you. Familiarize yourself with terms such… Continue Reading
Cape Coral Real Estate is a Boater’s Dream - Cape Coral, Florida is a fantastic destination for boating enthusiasts. With over 400 miles of canals, Cape Coral is often referred to as the "Waterfront Wonderland." Here are some tips and information to help you enjoy boating in Cape Coral. Rent a Boat Firstly, if you don't own a boat, you can easily rent one from various rental companies in Cape Coral. They offer a wide range of options, from small pleasure boats to larger pontoons or even luxurious yachts. Moreover, make sure to check their rental policies, safety requirements, and any necessary boating licenses. Explore the Canals Cape Coral's intricate canal system is perfect for exploring. Grab a map or use a GPS to navigate through the canals and discover beautiful waterfront homes, wildlife, and secluded spots. The city has designated access points for boaters, so be sure to familiarize yourself with these locations. Visit Nearby Islands Cape Coral is located close to several islands that are worth exploring by boat. Head to Sanibel Island or Captiva Island for pristine beaches, shelling opportunities, and great fishing spots. Furthermore, you can dock your boat at marinas or utilize public boat ramps provided on the islands. Fishing Cape Coral is a paradise for fishing enthusiasts. Whether you prefer freshwater or saltwater fishing, there are plenty of fishing hotspots to explore. Fish for tarpon, snook, redfish, or trout in the waters around Cape Coral. Don't forget to obtain a fishing license before casting your line. Safety first Prioritize boating safety by wearing life jackets, following speed limits, and… Continue Reading
Vacant Land in Cape Coral - The vacant land real estate market in Cape Coral, Florida is currently experiencing positive growth. Cape Coral is a highly sought after area for investors and buyers looking to build their dream home or develop commercial properties and new construction homes. There are several factors that contribute to the thriving vacant land market in Cape Coral. Affordable Waterfront Properties The city is known for its beautiful waterfront properties, as it is located on a peninsula with access to the Gulf of Mexico. Additionally, Cape Coral is home to a huge system of canals. This makes it an attractive destination for those looking to build waterfront homes or properties with water views. Cape Coral has some of the most affordable waterfront properties in the country. Amenities Cape Coral also offers a variety of amenities and activities, including golf courses, shopping centers, restaurants, and parks. It is also a popular destination for boating and fishing enthusiasts, with many marinas and boat ramps available for residents to enjoy. Strong Demand In terms of real estate development, Cape Coral has a strong demand for both residential and commercial properties. The city has seen significant growth in recent years, with new businesses and housing communities being built. Moreover, the expanding job market and favorable business environment contribute to the increasing demand for land and development opportunities. Investment Opportunities Lastly, investing in vacant land in Cape Coral can be a profitable venture, as property values continue to rise. It is important for potential investors to research the market and work with a… Continue Reading
New Construction Homes Cape Coral - New construction homes are residential properties that are newly built and have never been lived in before. Therefore, they offer several advantages compared to buying an existing home, and they can be an exciting option for homebuyers looking for a fresh start or specific features. New construction homes are built with the latest building codes and construction standards. They often incorporate modern design elements and energy-efficient features that can help save on utility bills and reduce the home's environmental impact. Moreover, these homes typically come with warranties that cover defects and provide peace of mind to the homeowner. Another benefit of new construction homes is the low-maintenance aspect. Everything in the house is brand new, so homeowners don't have to worry about costly repairs or replacing outdated systems for several years. Furthermore, these homes are designed with durability and efficiency in mind, which can result in lower upkeep costs over time. Additionally, it is important for potential buyers to work with a real estate agent who specializes in new construction homes. Such agents have knowledge of the local market and builder reputation and can guide buyers through the entire process, from selecting a trusted builder to negotiating contracts and overseeing inspections. Finally, at Cape Coral Lots, we have long standing relationships with many builders in SWFL. Additionally, we have the knowledge and experience of buying and selling new construction homes. Below is information about some of the new construction homes we have available for sale in Cape Coral. Above all, if you need help purchasing or… Continue Reading
Cape Coral Homes: Renting Versus Owning - Renting versus owning a home is a major decision that depends on various factors, such as your lifestyle, financial situation, and long-term goals. Here are some points to consider when comparing renting and owning a home in Cape Coral. Financial Considerations Renting a home typically requires a monthly payment without any potential return on investment. However, it may be more affordable in the short term, especially if you don't have a substantial down payment or if you're unsure about your long-term plans. Purchasing a home requires a down payment and additional costs like mortgage payments, property taxes, insurance, and maintenance expenses. However, over time, owning a home can build equity and serve as an investment. Flexibility Renting provides more flexibility to change locations easily. If you prefer to have the freedom to move frequently or explore different neighborhoods, renting might be a better option. Homeownership requires a more long-term commitment. Selling a property can take time and incur costs. If stability and creating a long-term living situation are your priorities, owning may be more suitable. Maintenance and Responsibility While renting, most maintenance responsibilities usually lie with the landlord or property management. You generally have fewer responsibilities and expenses for repairs and upkeep. In contrast, homeowners have more control over customization and improvements, but they also have full responsibility for maintenance, repairs, and renovations. Tax Benefits and Financial Stability Rent payments offer no tax benefits and do not build equity for future use. Rent prices may also increase over time, affecting your long-term financial planning. Owning a… Continue Reading
Things to do in Cape Coral Florida - Cape Coral, Florida is a city located in Southwest Florida, right on the Gulf of Mexico. It is known for its beautiful waterfront properties, canals, and boating opportunities. The city has a population of over 190,000 residents and is one of the fastest-growing cities in the state. Moreover, Cape Coral is a popular destination for retirees, families, and vacationers looking for a relaxed and tropical lifestyle. The city offers a wide range of real estate options, from single-family homes to condominiums, many with waterfront or canal frontage. Furthermore, the canals that wind throughout the city provide excellent opportunities for boating, fishing, and other water activities.Along with its natural beauty and water attractions, Cape Coral also has many parks, golf courses, and shopping centers to cater to residents' needs. It also offers a variety of dining options, entertainment venues, and cultural events. Activities to do in Cape Coral Florida: 1. Visit the Cape Coral Farmers Market: Explore this vibrant market featuring local produce, fresh seafood, homemade crafts, and live entertainment. The market is held every Saturday in downtown Cape Coral between SE 47th Terrrace and SE 10th Place.2. Go on a Boat Tour: Rent a boat or join a guided tour to explore the beautiful waterways and scenic views around Cape Coral. You can also go fishing, kayaking, or paddleboarding.3. Relax at the Beaches: Spend a day at the beaches in Cape Coral, such as Cape Coral Yacht Club Beach or Four Mile Cove Ecological Preserve. Enjoy swimming, sunbathing, and picnicking. *Note: The Cape Coral Yacht Club… Continue Reading
Tips for Moving Your Family to Cape Coral - Moving can be particularly stressful with a family due to a variety of factors. Firstly, with a family, there are usually more items to pack and organize, making the moving process more complex. Additionally, coordinating schedules, finding a new home that meets everyone's needs, and handling the logistics of moving day can add to the stress. Moving requires extensive planning, organization, and time management. Lastly, balancing moving tasks with regular family commitments, work, and school can be overwhelming and stressful. Below are a few tips to for moving your family to Cape Coral and to help make the process easier. Create a Moving Plan Start by making a comprehensive moving plan that outlines all the tasks that need to be completed. Of course, this plan should include a timeline for each task, a budget, and a checklist of items that need to be packed and moved. Declutter and Organize Before you start packing, encourage each family member to go through their belongings and declutter. This will help reduce the number of items that need to be packed and moved, making the process more manageable. Sort items into categories such as keep, donate, sell, or throw away. Hire Professional Movers Depending on your budget and preference, you can choose to hire professional movers or opt for a DIY move. Further, obtain quotes from reputable moving companies and compare their services and pricing. If you choose to hire movers, book them as early as possible to ensure availability on your preferred moving date. Pack Room by Room Start… Continue Reading
Cape Coral: Property Management Tips - Long-term and short-term rentals can be a great investment opportunity for investors looking to maximize their income. Property management is the oversight and administration of these real estate properties either by the property owner or by a licensed professional on behalf of the property owner. Property management involves tasks such as rent collection, tenant screening, property maintenance and repairs, lease agreements, and marketing and advertising. To illustrate, here are some property management tips to maximize your investments in Cape Coral. 1. Know your target market: Firstly, it's important to understand the needs, preferences, and demographics of your target market. This will help you tailor your property management strategies and marketing efforts accordingly. 2. Develop a strong online presence: In today's digital age, having a strong online presence is crucial. Create a professional website for your property management business. Additionally, it is important to utilize social media platforms to showcase your properties and attract potential tenants. 3. Maintain and improve properties: Regularly conduct property inspections to identify areas that need maintenance or improvement. Keeping properties in good condition will not only attract quality tenants but also help retain them in the long run. 4. Effective advertising and marketing: Utilize various advertising channels to promote your properties, such as online listings, local newspapers, flyers, and signs. Specifically, highlight the unique features and benefits of each property to attract potential tenants. 5. Screen tenants thoroughly: Implement a thorough tenant screening process to ensure that you select reliable and responsible tenants. Conduct background checks, verify employment and income, and check for… Continue Reading
Growth and Development in Cape Coral - Cape Coral is located in SWFL on the Gulf Coast, separated from Fort Myers by the Caloosahatchee River. Cape Coral is famous for its integrated canal systems of both freshwater and saltwater. With over 400 miles of navigable canals, Cape Coral has more canals than Venice Italy. Source: https://worldpopulationreview.com/us-cities/cape-coral-fl-population Cape Coral is the largest city by population in Lee County Florida, and the 8th largest city in Florida. Its population has been steadily increasing 7% annually over the past 10 years. Indeed, these increases have attracted developers and investors to the area. Cape Coral is a popular destination for retirees and families. For instance, the city has a warm climate, beautiful beaches, and a variety of activities and amenities. In recent years, Cape Coral has seen a number of new developments and improvements. Below is an overview of some of the latest news and updates regarding development in Cape Coral. Housing Developments in Cape Coral New construction continues to boom in Cape Coral and there are a number of new housing developments already completed or underway. Furthermore, these developments will add thousands of new homes to the city's housing market. The new developments include a variety of housing types, including single-family homes, townhomes, and apartments. Some examples of newer luxury apartment developments include Midtown Cape Coral, The Oasis at Surfside, and Coralina Apartments. New construction single-family homes are also still on the rise. We expect the demand to continue due to the city’s increasing population. Lee County issued 670 permits in May 2023. New Commercial Developments… Continue Reading
Cape Coral Waterfront Homes Increase Value - Situated in Southwest Florida, the city of Cape Coral, known for its extensive shoreline with several beaches, is actually a great area 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. Waterfront homes often hold a higher value compared to homes without water access for several reasons. Here are some factors that contribute to the increased value of waterfront homes. Amazing waterfront Terrace in Paradise Scenic Views One of the biggest attractions of waterfront homes are the breathtaking views they offer. Whether it's a serene lake or an expansive oceanfront, waterfront homes provide the opportunity to wake up to picturesque scenery every day. These stunning views are highly desirable and command a premium price. Activities & Vacation-like Atmosphere Living near the water allows homeowners to enjoy various recreational activities such as boating, fishing, swimming, and water sports. The convenience and easy access to these amenities contribute to the increased value of waterfront properties. Furthermore, owning a waterfront home can feel like being on vacation all year round. The ambiance and proximity to natural beauty create a sense of escape and relaxation, offering a permanent retreat-like experience Privacy and Tranquility Waterfront properties often provide a higher level of privacy compared to homes located in more densely populated areas. Water bodies act as natural buffers, reducing noise and creating a serene and exclusive environment. Waterfront homes also offer a sense of peace and… Continue Reading
Cape Coral Real Estate Market Update - According to the latest market data, the Cape Coral real estate market has been experiencing steady growth and activity in 2023. Here are some key highlights and trends: Firstly, the median sold home prices in Cape Coral have continued to remain neutral. The June 2023 Months of Inventory based on Closed Sales of 3.9 was increased by 113.7% compared to last year and up 29.6% compared to last month. June 2023 was Neutral market. There is a high demand for properties in Cape Coral, particularly among retirees and individuals looking for vacation homes. The favorable weather, affordable living, and access to outdoor activities are some of the key reasons for this positive buyer sentiment.There has been a surge in new construction projects, with builders capitalizing on the demand for housing. This trend has brought more options for buyers and has helped ease the inventory shortage to some extent.Additionally, the popularity of Cape Coral as a vacation destination has fueled the demand for short-term rentals. Many investors are purchasing properties with the intention of renting them out to tourists, which could present additional investment opportunities.Overall, the Cape Coral real estate market has demonstrated stability, despite fluctuations in the broader economy. The consistent growth and demand for properties indicate a favorable market environment for both buyers and sellers.It's important to note that these trends are based on general market data. They may vary depending on specific neighborhoods or property types. Moreover, If you have any specific questions or would like a more detailed analysis of a particular area… Continue Reading
Open House 7/8 – Cape Coral Homes For Sale - 𝐎𝐏𝐄𝐍 𝐇𝐎𝐔𝐒𝐄: 𝟕/𝟖/𝟐𝟑 𝟏𝟏𝐀𝐌 𝐓𝐎 𝟑𝐏𝐌 𝐶𝑜𝑚𝑒 𝑡𝑜𝑢𝑟 𝑡ℎ𝑖𝑠 𝑏𝑒𝑎𝑢𝑡𝑖𝑓𝑢𝑙 𝑚𝑜𝑑𝑒𝑙 ℎ𝑜𝑚𝑒! 𝑊𝑒 ℎ𝑎𝑣𝑒 𝑠𝑒𝑣𝑒𝑟𝑎𝑙 𝑜𝑓 𝑡ℎ𝑒𝑠𝑒 ℎ𝑜𝑚𝑒𝑠 𝑎𝑣𝑎𝑖𝑙𝑎𝑏𝑙𝑒 𝑖𝑛 𝑡ℎ𝑒 𝑛𝑒𝑖𝑔ℎ𝑏𝑜𝑟ℎ𝑜𝑜𝑑 𝑐𝑜𝑚𝑝𝑙𝑒𝑡𝑒𝑑 𝑎𝑛𝑑 𝑟𝑒𝑎𝑑𝑦 𝑓𝑜𝑟 𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑒. 𝑅𝑒𝑓𝑟𝑒𝑠ℎ𝑚𝑒𝑛𝑡𝑠 𝑎𝑛𝑑 𝑠𝑛𝑎𝑐𝑘𝑠 𝑤𝑖𝑙𝑙 𝑏𝑒 𝑝𝑟𝑜𝑣𝑖𝑑𝑒𝑑. 𝐺𝑒𝑡 𝑜𝑢𝑡 𝑜𝑓 𝑡ℎ𝑒 ℎ𝑒𝑎𝑡 𝑓𝑜𝑟 𝑎 𝑓𝑒𝑤 𝑎𝑛𝑑 𝑐𝑜𝑚𝑒 𝑟𝑒𝑙𝑎𝑥 𝑤𝑖𝑡ℎ 𝑢𝑠 𝑎𝑡 𝑡ℎ𝑖𝑠 𝑏𝑒𝑎𝑢𝑡𝑖𝑓𝑢𝑙 𝑛𝑒𝑤 𝑐𝑜𝑛𝑠𝑡𝑟𝑢𝑐𝑡𝑖𝑜𝑛. 𝑀𝑜𝑟𝑒 𝑖𝑛𝑓𝑜𝑟𝑚𝑎𝑡𝑖𝑜𝑛 𝑏𝑒𝑙𝑜𝑤 𝑎𝑏𝑜𝑢𝑡 𝑡ℎ𝑒 𝐶𝑎𝑝𝑒 𝐶𝑜𝑟𝑎𝑙 𝐻𝑜𝑚𝑒𝑠 𝑓𝑜𝑟 𝑠𝑎𝑙𝑒: About the Cape Coral Homes For Sale 𝑶𝒇𝒇𝒆𝒓𝒆𝒅 𝒑𝒓𝒊𝒄𝒆: $399,500These beautiful new construction homes offer 4 bedrooms, 2 baths and 1691 sq ft. of living space. The kitchen features granite countertops, stainless steel appliances, 42-inch cabinets with soft-close drawers, and a large kitchen bar with plenty of counter space. The primary bathroom includes double sinks, granite countertops, a tiled shower, and a large walk-in closet. The second bathroom also includes granite countertops and a tiled shower/tub combo. This home also comes with a 3-car garage which will give you plenty of space to keep your vehicles and more. Other features include tile throughout, vaulted ceilings, a screened-in lanai, tons of storage space, and hurricane-impact doors and windows. The home is beautifully landscaped with a sprinkler system already installed. Washer & dryer included. No HOA. Lastly, no flood insurance is required! Click below to check out more information about these two Cape Coral Homes that are active listings! Both are on city water, sewer, and irrigation! 222 NW 3rd Pl., Cape Coral, FL 33993 428 NW 4th St., Cape Cora, FL 33993 Please click here to learn more about the new construction homes available. Even More Options… Continue Reading
Title Companies and Services - A title company, also known as a title insurance company, is a company that plays a crucial role in real estate transactions. They handle the closing process by coordinating with all parties involved, securing and disbursing funds, and facilitating the transfer of ownership. There are several reasons why people should use a title company in real estate transactions. Overall, using a title company minimizes the risk and ensures a smooth and legally sound real estate transaction for all parties involved. Below is a list of Title Company services and benefits. Title Search A title company conducts a thorough title search to ensure that the property being sold has a clear and marketable title. This means verifying ownership, checking for any liens, encumbrances, or other issues that could affect the buyer's ownership rights. Title Insurance Title insurance is issued by title companies. Title insurance protects the buyer and lender against any potential losses arising from title defects, undisclosed liens, or other issues that may arise. This is a benefit that gives buyers peace of mind and protects their investment. Escrow Services Title companies act as neutral third parties in real estate transactions. They hold and disburse funds, including earnest money deposits and closing costs, in an escrow account until all conditions of the sale are satisfied. This ensures that both the buyer and seller are protected and that the transaction is carried out smoothly. Closing Services Closing services involve facilitating the closing process by preparing the necessary documents, coordinating with all parties involved, and ensuring that all… Continue Reading
Tips to Sell Your Home in Cape Coral - Here are some tips on how to sell your home fast in Cape Coral, Florida: 1. Price your home competitively First, to sell your home fast is important to price it competitively. You want to make sure your home is priced at fair market value. You can use online resources like Zillow and Trulia to get an idea of what similar homes in your area are selling for. However, take caution not to rely on these websites 100%, especially when looking at “appraisal values”. A lot of factors are considered when pricing a home and a trusted realtor can identify these things and price the home accordingly. Click here for a free home valuation! 2. Make your home look its best Next, once you have a price in mind, it's time to make your home look its best. You want to declutter and make your home look open and inviting. Highlight the best features of your home by strategically arranging furniture and décor. Additionally, consider hiring a professional stager to create a welcoming and visually appealing atmosphere. Ensure that your home is in good condition by fixing any outstanding maintenance issues. It’s important for buyers to see your property as move-in ready. 3. Professional photography Furthermore, hiring a professional photographer to take high-quality photos can really elevate your home. Online listings with attractive photos tend to attract more interested buyers. 4. Utilize online marketing Try listing your home on multiple real estate websites and use social media platforms to reach a larger audience. Specifically, include detailed descriptions… Continue Reading
Cape Coral Real Estate – Mid Year Update - As real estate professionals, we want to provide you with accurate and useful information about the current state of the real estate market. By analyzing the data provided, we can see a correlation between the months supply of inventory, the 12-month change in months of inventory, median days homes are on the market, list to sold price percentage, and median sold price. Below is your Cape Coral real estate mid year market update! *Note* data is from all residential sales (single-family, condos, townhomes, and apartments). Months Supply of Inventory Firstly, the months supply of inventory is a measure of how long it would take for all the current homes on the market to sell, given the current rate of sales. In this case, the months supply of inventory is 4.16, which means that if no new homes were listed on the market, it would take just over 4 months for all the current homes to sell. However, it's important to note that the 12-month change in months of inventory has increased by 166.67%. This indicates that there are more homes on the market now than there were a year ago, which is affecting the supply and demand balance. Median Days on Market Meanwhile, the median days homes are on the market is 34, which is relatively low. This suggests that homes are selling relatively quickly, despite the increase in supply. List to Sold Price Percentage Additionally, the list to sold price percentage is 97.5%, which means that homes are selling for a price that is very… Continue Reading
Cape Coral Fishing Spots – What you need to know! - Cape Coral Fishing is a great way to relax, spend time with family and friends, and escape everyday stressors. Since Florida is the “Fishing Capital of the World” it makes sense that people want to move and vacation here! Cape Coral is a city in Southwest Florida known for its beautiful beaches, canals, and fishing opportunities. The fishing in Cape Coral is great because of the city's location, its waterways, and its abundance of fish. The city is located on the Gulf of Mexico coast and has a large number of canals and lakes. Furthermore, the canals and lakes in Cape Coral provide a variety of habitats for fish, and the city's location on the Gulf of Mexico coast means that there is a constant supply of baitfish. Accordingly, this makes Cape Coral a great place to fish for a variety of species, including bass, trout, snook, and tarpon. Cape Coral is also home to many fishing piers and boat ramps. Additionally, this makes it easy to get out on the water and start fishing. There are also a number of fishing guides in Cape Coral who can help you find the best places to fish and the best baits to use. If you are looking for a great place to fish, Cape Coral is a great option. The city has a variety of waterways, a variety of fish, and a variety of places to fish. The fishing in Cape Coral is great for both experienced and novice anglers. Below is a list of approved fishing… Continue Reading
Cape Coral Vacant Land Market Update - April 2023 Statistics Cape Coral Vacant Land Market Update: May 2023. Here are are some important statistics from April 2023 Closed Sales: 223New Listings: 351Active Inventory: 2,559Median Sales Price: $50,000Average Sales Price: $75,000 April 2023 was a buyers market! The Median Sold Price increased by 6.4% from last month. Additionally, the Average Sold Price decreased by 6.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Appreciating" Additionally, the DOM for April 2023 was 136, down 9.9% from 151 days last month and up 60% from 85 days in April of last year. Lastly, the April 2023 Months of Inventory based on Closed Sales of 11.5 was increased by 273.6% compared to last year and up 16.5% compared to last month. April 2023 was Buyer's market. City Approves Future Land Use Change The Cape Coral Planning and Zoning Commission recommended approval Wednesday for a city-initiated small-scale future land-use amendment for 140 properties along Diplomat Parkway East totaling about 14.6 acres. Buying Vacant Land in Cape Coral Are you looking to purchase vacant land in Cape Coral or other parts of SWFL? Are you a builder, investor, or looking to build your dream home? If so, there are some important things you need to know when buying lots in Cape Coral and SWFL. Of course, we want you to know a few things you should be looking at when you decide to purchase a lot here. Click here to find out more. Selling Vacant… Continue Reading
FIRPTA & Foreign Owners in Cape Coral - Unlike other areas of the country, Cape Coral is full of foreign property owners. Some have bought vacant lots that they plan to eventually build a home on and retire in this area. Yet, others have bought the lots for cheap as a long-term investment or quick flip. We also have many foreign clients who own a home here in Cape Coral as a second home, vacation home, or income property. Either way, at some point there comes a time when the foreign property owner is ready to sell their investment. But, there are some very important factors to consider when selling a property in the United States as a foreign owner. Here we will discuss FIRPTA and Foreign Owners in Cape Coral. One of the most important things to consider is FIRPTA. Are you a foreign property owner or investor? If so, it is important to understand FIRPTA and what that means when you sell a property here in the United States. What does FIRPTA mean? FIRPTA stands for the Foreign Investment in Real Property Tax Act. Back in the 1980’s, the US government instituted a withholding tax at the time of sale when the property is owned by a foreign person. The tax code requires buyer’s to withhold up to 15% of the gross sales price if the seller is a nonresident alien, foreign corporation, foreign partnership, foreign trust, or foreign estate. Additionally, foreign investors are given a Taxpayer Identification Number (TIN) to pay taxes or to file for withholdings on properties they buy and… Continue Reading
The Timeless Value of Investing in Cape Coral Waterfront Real Estate - Spending a few days at a nice place near the coast is always a wonderful prospect. Now imagine owning that place and having access to it all year round. And now, imagine this scenario: You do not only own that nice place, but it’s earning money for you, too. Few would turn down such an opportunity, and many have found it in the form of waterfront lots. Whether it’s near the ocean, lake, or even a river, waterfront properties have stayed as prime options throughout the years. Writing for NuWire Investor, Ryan Tomlinson listed down some of the main reasons that make these estates high-value investments: There are a myriad of motives why investors buy coastal real estate, but the main one is that they expect it to increase in value. Although there are market fluctuations and prices may go down from time to time, waterfront proprieties remain profitable investments. Aventure in landed propriety must be made with long-term increases in mind. Real estate can be let out on a short-term basis too. For instance, a chic beachfront condo may be leased annually, while a waterfront apartment can be rented as a seasonal vacation residence. Hence, the investor will obtain rental income from the property and he will also be able to spend relaxing holidays there. Turning a profit from waterfront real estate has everything to do with the location of the property. Being near the water, these places enjoy excellent climate for almost the whole year. The presence of lush flora is a common… Continue Reading