19 02, 2013

Selling “Tips” in a Rising Price Market

By | 2013-02-19T17:51:17+00:00 February 19th, 2013|Cape Coral, Fort Myers, News, Real Estate|1 Comment

It’s been many years since we have seen a situation where prices are rising on homes, but it seems to be a consistent month to month trend in our area.  While the monthly improvement in home values has been small, its encouraging for our market. The homes entering the market below $70,000 in list price are pretty much gone……nothing fits into that category any more.  Last years homes in the $80,000 range are now the new $90,000 homes. Last years average sale price of a home was $152,000 its now $167,000 and rising. Here are a few Tips for sellers in this new kind of market: […]

12 02, 2013

New Construction—-How to pick the Right Builder

By | 2013-02-12T18:20:54+00:00 February 12th, 2013|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

With the current inventory levels of resale homes at an all time low in MLS, there becomes a strong need for new construction product to enter the market. Currently there are about 1500 homes in the Cape Coral market and around 3500 in the Fort Myers market. These are the lowest number we have seen in years. Beside the low inventory, property conditions of these homes is not always what a picky buyer is willing to settle for in their purchase. When considering building your “Dream” home, you need  to know the questions and criteria to ask when select a  builder, in your target price range.  Here are the key steps: 1] Model Homes & Design Centers.  Here is where the search begins. Get out and visit the model homes and especially the new trend of Design Centers that are cropping up. The model homes are a great place to get ideas and a place to start on your wish list of things you want in your future “Dream” home. You will need to carry a wire bound notebook for jotting down notes and ideas….dont rely simply on the builders literature. You will meet the builders sales people in the models, and probably not meet the actual builder till your fairly certain of your direction. The Design Centers are specifically for options and features. They offer a variety of flooring….cabinets…faucets…colors…counter tops…etc. for your note [...]

8 02, 2013

Investor Tips in a Rising Price Market

By | 2013-12-10T14:46:33+00:00 February 8th, 2013|Cape Coral, Fort Myers, Real Estate|0 Comments

When prices are going down in a market, savvy investor’s will always halt, pause and wait till there is certainty that the market has bottomed out. Cautious investors always follow this model when spending for profit. Equally important is to use proper timing when the market shifts to prices going up.  A very different set of criterial comes into play for investors trying to find good deals in that kind of a market. Timing I cant say enough about timing in a market where prices and values are on the rise. For the last several month’s we have had slow, but steady improvement in home and land value’s. Each month has shown improvements without any dips along the way. We look for that trend to continue well into 2013 and beyond. So with that trend line now about 11 month’s long, it is important that an investor realize more about timing. […]