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27Aug 2010 by Susan Milner No Comments

Cape Coral Real Estate Market

Buyers, Cape Coral Real Estate, Real Estate Market
Cape Coral, Florida - update on the current real estate market Cape Coral residential property update Cape Coral is a city located in SW Florida. You may already be familiar with the city, even live here but if you are not from the area you may have heard of the city but were not quite for sure what is actually going on there an what it is like. Cape Coral is often times called a ‘waterfront wonderland’ due to the miles and miles of navigable canals. The city of Cape Coral contains nearly as many canals as it has roadways! Many homeowners keep their boats at their own private docks right in their own backyard! View Larger Map In the early 2000s property values really started to increase in Cape…
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27Jul 2010 by Susan Milner No Comments

Cape Coral Second Homes

Buyers, Cape Coral Real Estate
[caption id="attachment_236" align="alignright" width="300" caption="Cape Coral Gulf Access"][/caption] Cape Coral Gulf Access homes make great second homes. What will a second home in SW Florida cost? As the prices of homes in SW Florida are, can we say, more than affordable, many people across the U.S. and abroad (especially Europe and Canada) are entertaining the possibility of a second home. The biggest question on everyone’s mind is “What will it cost me?” Obviously it is pretty easy to find the listing prices of Cape Coral homes online but to truly understand what the ‘cost’ will be can take doing some research. In this article I will go over the basic costs you can expect to pay when investing in a second home here in beautiful Cape Coral or Ft. Myers,…
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20Jul 2010 by Susan Milner No Comments

Cape Coral Taxes

Buyers, Cape Coral Real Estate, News
Cape Coral residents could possibly get another property tax decrease this year, if the proposed budget is adopted.  The city council has promised along with the decrease in taxes no services will be eliminated, or no layoffs expected.  Cape Coral experienced a 15% decrease last year because of falling home prices.  The home values have continued to drop this year so we are expecting once again, another decrease in taxes. The millage rate could be changed accordingly though. The Cape Coral city council will set a maximum tax rate on July 26th 2010 further tax cuts may be adopted before the final budget decision in September 2010, and become effective October 1, 2010.  We are hopeful that this new budget will help our Cape Coral residents in an unstable economy.…
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14Jul 2010 by Susan Milner No Comments

Cape Coral home prices

Buyers, Cape Coral Real Estate
Here in Cape Coral FL, we have many homes for sale, whether it is a traditional sale due to relocation, upgrading, or downsizing, or the many being sold due to foreclosure, or short sale.   Has the economy influenced the rate at which homes are selling, as portrayed by the media? Or, are more people buying because home prices continue to be discounted, and offered much more economically than in past years?  Here are the statistics below: Homes priced from $0 to $150,000 1st and 2nd quarter of 09' combined, the number of sold properties were 3,159. 1st and 2nd quarter of 10' combined, the number of sold properties were 2,778. Homes priced from $150,000 and above 1st and 2nd quarter of 09' combined, the number of sold properties were 868.…
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08Jul 2010 by Susan Milner No Comments

Home Buyer Tax Credit Extended

Buyers, News
Congress just passed yet again another extension to the first time and repeat home buyer tax credits.  The tax credits allow up to 8,000 to new home buyers and up to 6,500 to repeat home buyers. The former bill stated that a valid contract must be entered into by April 30, 2010 and closed on or before June 30, 2010. The new bill allows for a little breathing room to buyers who are involved with the arduous process of short sales and banked owned foreclosures, there are many of these properties available in today's market and are offered at a discounted rates which makes them a desirable.  These types of transactions are known to take quite a bit longer than traditional real estate sales transactions to complete. This new bill…
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