Cape Coral Florida's Real Estate Guide

Just in case you are not aware of the deadlines for the new Portability for the "Save our Homes" homestead benefit and the Tangible Personal Property tax exemption , please be advised that March 1 is on SATURDAY for the portability tax deadline. So if you know anyone that sold their primary home and purchased a new primary home, let them know ASAP that they need to transfer their "Save our Homes" homestead benefit using the form (DR501t) no later than Friday, 2/29/08. The deadline for the Tangible Personal Property tax exemption is on April 1. Hurry before it's to late!

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Did you know that your borrower buying a primary residence that needs Rehab can have up to 6 months of there payments rolled into mtg???   

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I am often asked this very question. My usual response to it is: Do you have the funds available (without borrowing)? Will this need to become a income generating endeavor immediately or will it be a long term investment?

For the purpose of this post, I will assume that you have a 20% down payment and the credit to get a loan.

My advice is Stick to waterfront property (If economically feasible). Considering the current state of the real estate market here in south Florida, There are an abundance of Sailboat access homes and condos for sale. These are my first choice for investment property, if you buy it as close to open water as you can get.  Sailboat property is getting harder to get every year, living on the water is a dream for a lot of the coming retiree's. Their first choice will be direct access home/condos. So why not buy what the market will hunger for in another 5 years?

Gulf access is good and priced more reasonably, but remember the first rule of real estate location is everything! I would recommend buying as close to open water as you can get. There are a lot of bargains to be had , especially if you are handy and have the time and/or money to fix them up.

Freshwater (LandLocked) These are the most affordable waterfront available, and with good reason you can live on the water for less.  There are a number of  brand new spec homes available. The builders just want these off their inventory RIGHT NOW! This is a big motivation for them, and a bargain for you!

 

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New to Cape Coral?  Need to know where to eat, drink and be meery in paradise?  Check out our list of local restaurants, bars and hang-outs.

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REDUCE YOUR HOMEOWNERS INSURANCE PREMIUM BY UP TO 30%!

 ENTER CODE:  K-11

A 2002 Florida Statute required ALL insurance companies to provide discounts on the hurricane wind portion of insurance premiums for wind resistant features found in many new and older homes.  Unfortunately, most homeowners are unaware of these discounts that will potentially save them up to 30% on their premium EVERY YEAR!  These features can be identified by having a “wind inspection” on your home.  This inspection cannot adversely affect your insurance premium – it can only benefit you.

 

The State of Florida through the Florida Comprehensive Hurricane Damage Mitigation Program (My Safe Florida Home) is now offering FREE wind inspections to ALL Floridians that have a single-family detached dwelling and is a site-built home.  Log onto www.mysafefloridahome.com to sign up for your FREE wind inspection and enter code K-11.

 

In addition, to help Floridians identify how they can strengthen their homes against hurricanes and to reduce hurricane damage exposure in our state, grants up to $5,000 may be available to qualified homeowners to help harden their homes against hurricanes. You can log onto www.mysafefloridahome.com to determine if your home qualifies for grant assistance.

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