Now Is A Good Time To Buy Real Estate In Cape Coral

By Author: Razvan Jr
Total Articles: 36
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If you had your doubts before about buying a property in Cape Coral, Florida, you should conquer them as now is a great time to acquire a house in this fast developing city. According to a new research report, Cape Coral - Fort Myers is the second most undervalued residential real estate market in United States, which means that if you are an investor, you should make your move as soon as possible.

Due to the reason that the Lee County real estate was overvalued during the boom, the pendulum has now swung the other way and the prices have dropped by 40% or even more than that. There are some land prices that are now down an almost incredible 90% from the boom.

Back in the fourth quarter of 2009, the median price of a home in Lee County was $112,800 and was selling for 40.5% under value, down from being overvalued by 31.5% at $236,000 four years earlier, according to the IHS Global Insight reports.

This year, the prices will most likely go up by 25%, which means that if you buy a $100,000 property, you will get all your money in return plus a pretty nice profit of $25,000. This would be a great time to buy ...
... a house in Cape Coral as there is an ample supply of short sales, pre-foreclosures, foreclosures and REOS. Keep in mind that you need to act fast as the inventory level has dropped by 65% in comparison to 2008.

You should know that many of the mortgage companies and banks publish their assets on a regular basis in the most important local newspapers and these could be great sources for you. It is highly recommended that you go and visit the county office to find out all the ins and outs of the situation in the area where you want to buy.

Another reason why this year is considered a wise investment would be thanks to the fact that you will find affordable housing and the economy is now finally at a healthy level. Cape Coral, Florida is a loved tourist destination and there are plenty of educational institutions, business opportunities (outside the real estate market), highly trained employees, great weather and the list could go on forever. Let’s not forget that Cape Coral, Florida has one of the lowest crime rates in all United States so tourists will definitely want to come here and relax, renting your property.

You don’t have to buy a property only as an investment. You could use it as your recreational home where you can come in the summer and relax for a few weeks. Of course, outside that period, you could rent it in order to make a nice profit out of it. It would be a shame to let it sit there without generating some revenue to pay back your investment. You would be surprised of how many clients you will find for your property, especially if it is a waterfront one. So make your move and invest in Cape before there aren’t any more opportunities left.

About Author: You can find affordable Florida vacation rental properties at our business website, located at: www.capecoralvacationrental.net .