Needless to say, buying a home is vastly different from buying other things like clothes and shoes. For the latter, you can buy them impulsively or without much planning, whereas investing in a home requires careful thought and consideration of numerous factors. Most people want to have their own home at some point in their lives, but the question is this: Are you ready to purchase a beautiful Cape Coral waterfront home?
“Residential lots for sale have long been hot commodities in Cape Coral, Florida. Over the past few years, the market has been characterized by steady growth and high transaction cost averages that have accompanied recovery. These trends are set to continue according to recent projections by industry observers.
The mortgage loan group Federal Home Loan Mortgage Corporation (also known as Freddie Mac) said in its latest report that extrapolating from developments in the first quarter of 2015, the volume of home sales will be the best since before the subprime crisis in 2007, citing generous mortgage rates, good prices, and a healthy credit market along with increased pending home sales and purchase applications as the primary drivers of growth.”
In selling a residential property, the standard route is to tap the services of a professional such as a real estate broker. In the past few years, however, a significant number of owners who have placed their Cape Coral lots for sale did so without the help of an agent. This method is known in the industry as a “for sale by owner” (FSBO) transaction. The reasons for going FSBO can vary, but a common motive is saving money, since the previous owner won’t have to pay a commission for a successful deal.
“While real estate professionals prefer a slow-but-sure progress to ensure sustainability, the situation is by no means permanent. The report showed that the Cape Coral-Fort Myers area already had over a 100% spike in home appreciation in mid-February, since hitting the price bottom of $74,900 in November 2010. The city, which is one of 10 markets with the largest gains, has a new price peak of $151,500.
Now is, therefore, the time to search for Cape Coral real estate through a REALTOR® with extensive knowledge of waterfront properties, such as Kevin Page of Cape Coral Lots. When you’ve committed to waterfront living, consider the following.”
There is a certain beauty that can be found in living near a body of water: you’re surrounded by tranquility, and you have the calming sound of the crashing waves to lull you to sleep at night. If it has been your lifelong dream to live near the sea or the lake, why not take the plunge and look among lovely Cape Coral waterfront properties for sale?
It has been proven in studies that living near bodies of water, such as lakes, rivers, or oceans can actually have a positive effect on your health. According to research, it can make you feel relaxed and calm, and improve your general well-being, as compared to living in an urban neighborhood. With a serene and spectacular scenery to wake up to everyday and a heightened sense of privacy, waterfront properties hold a certain appeal among homebuyers looking for properties around Cape Coral.
Have you experienced buying a home a few years ago, only to lose it to a foreclosure? It was probably a hard pill to swallow–to lose an investment you so wanted for years. Now, however, you’ve learned your lesson and are better prepared to invest in one of the promising residential lots for sale in Cape Coral.
Buyers with the same experience as yourself are known in the real estate industry as a “boomerang buyer”, or one who has lost a home due to a foreclosure and is now ready to start over by buying a new property. Real estate agents recognize that you’ve been through a difficult time in the past few years, trying to keep the home that you’ve purchased. It may be comforting to note that the Cape Coral-Fort Myers area is the second most eyed location by boomerang buyers, which would imply that it offers plenty of opportunities for a good deal.
Having a waterfront property provides easy access to water-based recreation, such as sailing and fishing, which would be great for sportsmen and water sports-loving families alike. Waterfront real estate has always been an attractive investment; according to the real estate site, Zillow.com, in the 90s, beachside lots were worth 69 percent more than their inland counterparts. Nowadays, that figure has jumped up to a whopping 119 percent.
With all of these potential advantages, people looking for good real estate should be checking out the available waterfront lots for sale in Cape Coral. If you want to buy a residential lot in the area, you will want to keep a few things in mind. First, consider where you want to build your home. Consider the neighborhood and the community services you will need should you decide to build a home on the lot. For example, if you have children, you will have to look at nearby schools, libraries, and hospitals.