As a real estate investor you are different than the previous version recently retired with these improvements:
- You have money
- You are a keen observer of value, growth, and cash flow
For those of you looking for the ultimate value, it is not foreign to you to do what the herd is not yet doing because when they are, it’s too late. John Bell, an entrepreneur from New Jersey, in his commitment to help reduce debt for his clients, has researched the West Florida area and gives us some compelling results. Since there has been little in the news, good or bad, about Florida, this is worth your attention. Thanks John!
Florida’s West Coast Looking better!
Last year the Cape Coral area of Florida had the highest foreclosure rate in the country but now Real Estate climate in the Cape Coral, Florida area and on the Gulf Coast of Florida are showing signs of improvement: First-time home-owners are suddenly entering bidding wars with real estate speculators from as far away as Spain and Germany. Sales in February outpaced those at the peak of the boom, with some houses getting more than 50 offers and selling above their asking price
Banks in these markets are dumping foreclosed properties, attracting cash-rich speculators who are looking for cut-rate bargains and first-time buyers are finally rushing in, lured not only by plunging prices but also government incentives like ultra low interest rates and hefty $8,000 tax credits.
This doesn’t mean the national bust is over - but prices have fallen so much in some areas that shoppers are getting interested again, improving the balance between buyers and sellers. It also does not mean prices will surge all too quickly but heavy buying should at least begin to put a floor under prices. “Are we at the bottom?” asks Christopher Thornberg, an economist with Beacon Economics. “We are getting close and just as Florida, and Las Vegas led the nation into the housing bust, those areas could provide the template for a national recovery. . .
Local Resources:
Sunbelt Realty, property listings: http://www.larryguinnc21.com/
Cape Coral Florida’s Real Estate Guide: http://www.bestcapecoralrealty.com/
Cape Coral Chamber of Commerce: http://www.capecoralchamber.com/
To contact John Bell directly send email to jdbell@optonline.net for a dose of personalized care and concern.
