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Cape Coral's Premiere Listing Expert! JOHN REAY - (239) 214-0750 |
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BIDDING ON A HOME? Can be a trying time! For most people they believe that they can get a steal on a dream home right now, the truth is that with anything the word on the street and the reality are two different things. For most people who are first time home buyers they are simply looking for a stable good investment so that they don't loose their hard earned money. Real Estate is STILL a solid investment that will give you the best return on your money. Remember that stocks can devalue to zero, meaning you truly can loose it all, however when you buy property it will go UP and DOWN. But as the old adage says "They just aren't making land anymore!" is still as true today as it was back when my grandmother was helping people in Illinois invest in real estate. There are several things to keep in mind though when you make an offer for a home. 1. KEEP EMOTIONS AT BAY - Just as you would not let your emotions keep you from paying more for Gasoline than you should have to, you should also be able to detach the emotion from the purchase of a home. Recently I spoke to a friend of mine in Orlando who was looking at new homes in 2005 & 2006. And he couldn't wait to get into his new home because it was the biggest home on the block and he was willing to pay top dollar for it. I asked him outright what happens when the house is no longer suitable for you, say you have you mother in law who needs to move in, or you need to move back up to Wisconsin because of relatives who might become ill. Is this a home you could afford to keep long term. He thought that these were odd questions at the time, and we discussed it further. Because he was making good money at the time he qualified for a very large amount, and in business upswings are great however they are all followed by downturns too. The idea was that he was going to tie up as little of his money in this house and use the banks money, and to make the purchase more appealing the "Banker" pitched him a 3/1 ARM. So he was planning on using the money he "SAVED" to buy a new SUV 95K of SUV. He is an emotional buyer, and uses that for his status. <--- READ EMOTION! After a lengthy talk about it we took a different approach, we decided a sale of his old home was first in order, as prices were up still in 2006, it sold in 68 days and we got top dollar for it, he RENTED for 2006 and 2007 and 2008, three years he RENTED! while the market dipped, he kept his money liquid and safe in small investments backed in FDIC. Didn't pay TAX on his gains as this was his primary residence he sold. And just completed his purchase last month. He has his older vehicle paid for and owned outright, he bought a single level home in Altamonte Springs, FL and paid 35% down on it, and is in a fixed rate mortgage that is one third the money he was going to shell out after the 3/1 arm adjusted up to market levels. He now is in a situation that even if his company slows down, which it may very well do, that he can still keep the home and maintain it and support his family. #1 RULE KEEP YOUR EMOTIONS IN CHECK, Make sure your numbers are realistic and make sense.
2. PLAN FOR AND EXPECT THE DOWNSIDE! - Not to be a pessimist, but we really don't need to make a plan for what we do when things work out 100% right. When things are going good, we know what to do and we do them. The trick is to be in a position to succeed when things are at there worst! In the story above we saw that really because we planned for the downside of life, we were ready for it and nothing feels better than being prepared for a storm in life before it occurs. Financially, in today's market we should have a strategy that if the income slowed or stopped for 6 months how would that effect your life, think about the home you own, how much you pay for it. Now look at your other investments and cash flow streams, so they provide enough that you can make this work for six months? a year? If you had to sell the home how long could you afford to keep it before the bank comes to call the loan? Plan for the downside of life and then work to make the upsides happen!
3. When Bidding on homes understand that the listing price if undervalued does NOT mean you will get it for that price. We have many buyers who can afford a realistic value of 75K and bid on homes 75K to 85K. The secret is that BANKS GET FULL PRICE OFFERS BY THE TRUCKLOAD NOW! So be prepared to bid OVER LIST, to get it. We specialize in positioning our clients so they can win bids and get the homes they want without giving away any more money than needed. There are many tactics we do differently that get you to the closing desk in record time that will beat out your competitors and get you the house your desire! CALL US AND WE CAN HELP YOU NOW! CALL 239-214-0750 and our team of Specialists can get |
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« March 2009 | Main | May 2009 »
April 2009
April 28, 2009
April 22, 2009
Newest listing in SE Cape Coral, presented by John Reay & Exit Realty Sunrise
Welcome to the Cape Coral Real Estate Chatter area, as we have now seen from the media, they are finally getting the idea that the market in Cape Coral has started to bounce back. The foreclosure mess is starting to get cleaned up. The values are gaining again slightly and the inventory is dropping slightly.
| 3116 SE 11th Ave Cape Coral, FL | |
   
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Owner moving out of state and needs to sell, priced to move now. Home features a 1 year home warranty. Pool is a Salt Water system with an intelligent control system for very low maintenance. Large Master bath, Walk in closets, fenced in yard, newer roof (still under warranty), pool surfacing under warranty, beautifully maintained lawn w. irrigation system. Home is extremely well cared for and will make a tremendous home for someone looking to make Cape Coral home. Close to shopping, in a quiet neighborhood where you will feel comfortable and safe. Make an offer today, all offers will be considered and reviewed. Call for your showing today!
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April 02, 2009
CAPE CORAL HOME SALES DOUBLED IN ONE MONTH!
Cape Coral - Home Resale Activity DOUBLED in the last month!
Call - 239-214-0750 or 239-233-9115
For the people that say, sales just are not happening in Cape Coral, nothing could be farther from the truth. Cape Coral is a hotbed of activity in the resale home market right now, and if you are on the sidelines with money in hand looking for the time to buy. ITS NOW! Don't wait until the summer don't wait until the fall. The percentage rates are the best they have ever been, there are programs for all situations. We saw over 500 sales in the Cape last month, 20% of those are regular home sales, not all foreclosures, not all short sales.
Homes in all pricing categories are selling as well, from $900,000 to $34,000 yes someone bought a regular arms length sale at just over $34,000!
Talk about value we may never see the same acceleration of home value that we did in the last 5 years however, we are seeing a slight gain in the median price of the houses changing hands as well.
By an large Cape Coral Real Estate is on the Increase and is an excellent value.
Some of the best values are listed below, and you can contact me for more information on these or to access my client MLS access program, where I give you the keys to the MLS!
CLICK HERE FOR MY MLS ACCESS SITE!
| 1415 NE 5th Ave Cape Coral, FL | |
   
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This 3/2 Pool home is a home with great potential! ELGIBLE FOR 203(k) Program. Access to the Lanai from 2 separate entrys gives the entire house access to the pool. Great for partys. This home is NOT A SHORT SALE! All offers will be reviewed and considered. Home is being sold as is, with right to inspect. This home needs some TLC, however the buyer will find great value in this house! Come make an offer today.
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| 1927 Cornwallis Pkwy Cape Coral, FL | |
   
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French doors allow you to enter into the Italian tile, and cathedral ceiling foyer.
This beautiful 3/2 pool home resides in the Cape Coral Gold coast. Large custom kitchen with double oven, 42" Cabinets, makes entertaining easy and fun!
The Kitchen opens into the large Lanai to giving access to the covered patio, and the Solar heated pool.
This home is situated to maximize privacy of the pool and patio.
Schedule an appointment today and see how affordable and easy owning a home in the Cape's Gold coast can be.
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| 1919 SE 37th Ter Cape Coral, FL | |
   
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Sailboat Access, just one canal off of the river! This SE Cape Coral home is located in the Goldcoast area. Serious mariners will appreciate the location and convienence. When you come home you will feel as if your on vacation. This large home still keeps a warm feeling inside. Wood fireplace, solar heated pool and spa, Jetted Master Tub, all add to the comforts of your very own direct access home. The landscape is lush and has been maintained beautifully. This double lot has been utilized to its fullest potential. Two car garage with room for workshop is included, central vac, all appliances stay, make this home ready for you to enjoy the Sun room upstairs now. Come enjoy the good life in Cape Coral's Goldcoast today.
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| 921 SE 35th St Cape Coral, FL | |
   
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All areas of the house are ready to move in, excellent condition. This 3/2 Cape Coral Pool home sits back off of the main roadway so it is quiet and peaceful. Yet is close enough to the main roads to give access to all that Cape Coral life has to offer. The salt water pool system means LOW maintenance for you. With the pool heater you also can enjoy year long use of the Swimming Pool. Perfect for the holiday parties we enjoy in SW Florida. Custom workshop bench and cabinets in the garage are ready for you to bring your tools and start on your hobby today. Call and make an appointment today to see this lovely home.
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