The Time To Buy Cape Coral / Ft. Myers Foreclosures Is Slipping Away
Remember when your favorite store downtown was going out of business? You kept a watchful eye on the discounts. First it was 10% off, then they dropped everything to 25% off. At 50% off the things in the store you really wanted were starting to disappear, but still you waited to buy. You thought that soon everything would be 75% off and you'd buy then. Time went by and when you rushed to the store's last days of business to catch those 75% off sales you were so disappointed because all of the things you really wanted were gone.... only junk was left. Many of you started watching the Real Estate Market start dropping in the Cape Coral / Ft. Myers area as long ago as 2006. You may have thought to yourself that you'd like to take advantage of some of the deals you saw then. You waited, and you were smart to wait. 2007 and 2008 brought about a continued decline in the Real Estate Market with the record breaking amount of Foreclosures that hit the Cape Coral / Ft. Myers area. Towards the end of 2008 home buyer's and investors started to really take notice of the Foreclosure market. All around the world Cape Coral was coined in headlines as the "Foreclosure Capital of the World". Those headlines got people's attention. Buyer's have been flooding to Cape Coral and Ft. Myers to scoop up the outstanding deals on Foreclosed Homes. The inventory of Foreclosed Homes is dropping at an incredible rate that wasn't predicted by many. Many of you have been keeping an eye on the Foreclosure Real Estate Market in Cape Coral and Ft. Myers. You have been waiting for the best bargain... The best bargain may have already passed you by. Sure there are still a lot of homes for sale, but finding a 3/2 home built in 2006 for $50,000 isn't possible. It is getting harder and harder to find the same home under $80,000. When you do find a great deal on a Foreclosed home in the Cape Coral / Ft. Myers area keep in mind that you're not the only one watching for that deal to come on the market. Nearly every home that hits the Lee County market and is priced right has multiple offers on it within the first 24 hours of being listed. Many of our Clients have put in 10 or more offers on different homes before they finally got one accepted. The days of coming into town and picking the home of your choice for a bargain price is gone. You have now re-entered that store going out of business and you have to choose from what is left on the shelf that everybody else didn't buy when it was 75% off. The only difference in this 'store' is that instead of the discount going up to 80% off next week..... it actually went back to only 50% off a month ago. Prices of Foreclosed Homes in the Cape Coral / Ft. Myers area have risen 5% over the last couple of months. The inventory of Foreclosed Homes that is left may not be the bargain basement prices that they were 6 months ago, but they are still DEALS indeed. Buyer beware, these deals won't be around forever. It is the time to buy, if you're still waiting you are going to end up waiting too long.
Call Jay LaGace - 239-443-8795
Call Robin Whitt - 239-443-0432
