How our current real estate market relates to Black Friday.

We all know Black Friday. The day after Thanksgiving that so many rush out in the wee hours in the hope of finding that AWESOME deal on some electronic or other great Holiday gift.

We’ll compare the glossy store circulars to the real estate websites.

A couple will be lucky & will be able to buy one of the 3 50″ flat screen t.v.s for $50.

We’ll call that an under valued short sale that got lucky. You know the $50,000 home that exists in Cape Coral. You look at the photos online and can’t believe your eyes. But you get down here to see that the house needs a lot of work (of course there were no pictures of that), the neighbors houses all look the same and it is very far away from every convenience.

Quit a few others will be able to buy that same t.v. for $500.

We’ll call that a bank owned property that didn’t get proper marketing. Maybe a listing agent called another agent or buyer right out the door on it. Maybe the listing agent didn’t provide enough photos to entice buyers so only one offer came in.

And several others will miss the boat and have to pay $750 the following day.

We’ll call that the typical great buyer deal. Bank owned; short sale or private seller. The buyer got a great deal. Their agent did everything to help them find the best deal. The buyers are still very happy with their purchase and realize that the real estate market is MOVING in Cape Coral.  The house that they bought for $175,000 sold for nearly $400,000 in the peak.

Everyone knows that we are in a buyer’s market. But that’s a little misleading. How so? Well because; properties that are priced correctly are moving quickly and often times with multiple offers. So if you are up north looking at a house for $50,000 and you think you can buy it for less than that chances are you can’t. If anything you’ll probably have to pay more. I know it seems strange but that is what is happening. It happens time and time again when I work with buyers to find them deals.

A little trick to try: Look at homes listed slightly higher than other comparable properties. Offer just under what the others are asking and you may just get it. Or at least a decent deal. Why? Well because the homes just over market value are not getting any attention. Many sellers want to stay high to ‘give themselves wiggle room’.

To conclude, a very small percentage of buyers made a quick decision and were lucky enough to purchase a 3/2 pool home for $100,000. Many were lucky enough to purchase one for $125,000 but most paid upwards of $175,000 and more.

So with Black Friday coming up in conjunction with our busy season; I hope this guide assists you with your investment in Cape Coral real estate.

Yours in Success,

Susan Milner

Florida Future Realty, Inc.

(239) 542-8521

Specializing in great waterfront properties in Cape Coral & Surrounding areas. Visit us online at www.Florida-Future-Realty.us or search for homes online anytime at www.Florida-Future-Realty.com.  

Copyright 2008 Susan Milner Florida Future Realty, Inc.

CAPE-CORAL

Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-916314 2858 NW 6TH TER CAPE CORAL, FL 33993 $114,000 3/2 10/24/08 11/02/08 Owner Occupant (Investors bid on 2008-11-03) View Map   View Property Details

Property Case Address Price Bed/Bath List Date Bid Deadline Priority 095-035002 3335 DANDOLO CIR CAPE CORAL, FL 33909 $107,350 3/2.5 10/24/08 11/02/08 Owner Occupant (Investors bid on 2008-11-03) View Map   View Property Details

Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-783639 634 SE 10TH PL CAPE CORAL, FL 33990 $112,100 4/3 10/10/08 Daily All Bidders View Map   View Property Details

Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-917577 1126 SW 1ST TER CAPE CORAL, FL 33991 $109,250 3/2 10/10/08 Daily All Bidders View Map   View Property Details

Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-907790 501 NW JUANITA CT CAPE CORAL, FL 33993 $75,000 3/ 2 10/17/08 Daily All Bidders View Map   View Property Details

Property Case Address Price Bed/Bath List Date Bid Deadline Priority 092-879609 120 NE 24TH AVE CAPE CORAL, FL 33909 $105,000 Price Reduced 3/ 2 10/10/08 Daily All Bidders View Map   View Property Details

If you’d like to search for homes in Cape Coral, Florida please let us know. Myself and my team of licensed real estate agents look forward to working with you to find the best deal for you. Everyone is looking for something different. There are houses priced from $50,000 to 2,000,000 in Cape Coral so there is one suited for you & your needs.

See homes in Cape Coral by price range or search thousands of cape coral real estate listings! Anytime 24 hours a day from the comfort of your own home. When you are ready to see them in person let me know!

I look forward to working with you!

Yours in Success,

Susan Milner

Florida Future Realty, Inc.

239-542-8521

susan@susanmilner.com

Buyers, give us a call to see what I mean.  239-218-2229   – my personal cell phone!
Last week I had customers from Germany enter into a contract on a beautifully appointed S. Ft. Myers condo near the beach at half of the pice of 2004/2005. Great condition from the seller (not a short sale). They’ll soon be enjoying those grey winters from Germany in their new coach home in sunny SW Florida They are thrilled!

I have an investor about to go under contract for a 3/2/2 CBS home in Cape Coral for $60,000. Yes, you read that correctly, $60,000. Bank Owned. It needs some repairs but he’s handy.

I just sold a gulf access short sale in Cape Coral that needed to be finished (about 95% complete) ~ beautiful 4/2 with granite counters, stainless steel appliances, brick pavers, high ceilings and doorways, large tiles, inground pool, etc ~ Only $285,000! (The seller owed just under $600,000)

~ Watch the video below ~

We look forward to hearing from you. You can search for homes all over Lee County on our website: Cape Coral Real Estate

Yours in Success,
Susan Milner
Florida Future Realty, Inc.
www.Florida-Future-Realty.com
239-542-8521
susan@susanmilner.com