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Cape Coral Real Estate: 5 Reasons To Buy Now.

Posted by Diane On July 16th

Thinking of purchasing a home in the Cape Coral area?

This is the perfect window of opportunity.

Check out:  5 Reasons To Buy Now:

A large inventory means more choices.

Recent real estate reports (Multiple Listing System), indicate there are more than 4,000 single family homes for sale in the Cape Coral and Fort Myers area. If you’re  looking to purchase a lot, there are more than 1,000 waterfront lots for sale in the Cape Coral area alone.

Rest assured there are many choices and options from which to choose.

It’s a Buyers Market.

As of July, 2010 in Cape Coral – there is approximately a 2 year supply of inventory for homes priced over $500,000; as compared to one year ago when there was a 4.5 year supply for the same price range.  This means the market is improving.

There is an 11 month supply of inventory for homes from $250,000 to $500,000. This also indicates a Buyer’s Market, however this range is approaching a more balanced level.

Great Deals and Low Prices.

There are many homes priced below $250,000 still available. If you’re looking to find a great deal, this is the time to move forward.

Whether you’re looking for a single family home, land, or a condo, prices are more affordable than ever. Home buyers can easily find a home or a lot in their budget and price range.

Interest rates are cooperating.

Interest rates are still near historic lows. If you can afford a reasonable down payment, have a decent credit history, and plan to stay in your home for the next five years or so, buying today could be right for you!

Waiting until you believe prices have hit rock bottom may not put you any further ahead if you end up missing out on today’s low financing costs.

Build vs Buy.

Recent studies indicate in some cases, home buyers can BUILD a new home at about the same price as buying an existing home.  Many builders are offering new homes with all the extras for under $200,000, and can build it in less than 6 months.  With many discounts and specials, great pricing on waterfront lots, and low construction costs, this is also a great time to consider building.

Where to start?

There are several options and steps to consider when it comes to purchasing a new home. The best way to get started is to talk with an expert Realtor who can help guide you to the best solution for your situation. To get started, talk to the company you already trust. Contact Miloff Aubuchon Realty Group, info@miloffaubuchonrealty.com or (877) 765-1351. The Aubuchon Team of Companies, www.TeamAubuchon.com,  can help you with all your real estate needs.

The decision to buy a home is a personal one that needs to factor in your own financial situation and lifestyle preference. While historically, real estate appreciates in value over the long term, no one can predict the perfect time to buy.

Give us a call for more information at (877) 765-1351, or visit our web site at: http://www.miloffaubuchonrealty.com/buy/.

– Diane
Director, Marketing & Sales

2 Responses

  1. Fred Says:

    Looking for a clean condo/house in Cape Coral/Pine Island or on Estero Island.
    Have a boat dock,access to a pool,be very clean,non smoking and under $180,000.
    Thanks

    Posted on August 20th, 2010 at 12:59 pm

  2. Diane Says:

    Hi Fred,

    We would be happy to help! Are you looking for a rental home or considering purchasing a home/condo?

    Diane VanArsdale
    Team Aubuchon

    Posted on August 20th, 2010 at 1:23 pm

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