 The real estate market in Southwest Florida has somewhat been on a roller coaster ride lately. After the steady increase in 1990s developed into a huge boom with skyrocketing prices peaking in 2005, things came almost to a standstill. Prices and property taxes were both so high that many buyers decided to wait until properties were affordable again. That time has come.
 Due to the huge number of both foreclosed, bank-owned properties and properties listed as “short sale,” prices are often back where they were a few years ago, before the big boom. Many regular sellers are listing their properties in the same price ranges in order to be competitive. What has not changed at all is the quality of the properties Buyers can expect, particularly the numerous waterfront properties Southwest Florida has to offer. The price tag has changed but not the desirable location in one of the most beautiful spots on earth. If you have ever thought about buying a piece of property in our area – that time has come.
 Thanks to the internet, Buyers can access information about available properties and recent sales. But that information does not replace working with a licensed, experienced real estate agent. A Realtor will be able to select suitable properties for you out of the vast number of listings.
- A Realtor will be able to advise you on the best locations, the best features, the best deals.
- A Realtor will guide you through the entire process, from making an offer to signing the settlement statement at the closing table.
It is a good idea to involve a Realtor from the beginning.
Buyers Remorse >First Time Buyers
People who are selling their homes should know something about the market group from which their buyers are likely to appear. Many homes are perfect for a first-time buyer. First-time buyers are making a major purchase they have never attempted before, and may be unusually subject to the inevitable stress and anxiety that goes with buying a home.
First-time home buyers are usually younger (between 25 and 34 years of age) and have distinct buying patterns. First-timers are often looking for homes that are smaller, and perhaps older, than repeat buyers. The median home size for first-time buyers is about 1450 square feet. Approximately four in ten first-timers will buy homes built before 1960, compared to two in ten repeat buyers.
First-time buyers are in the process of developing a clearly defined sense of what they want in a house. They may not have enough money to buy their ultimate dream home at first, but seventy-four percent say they like their new home better than their previous residence.
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| Q |
What island was sold to Peter Minuit by the Indians for goods valued at 60 guilders ($24)?
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| A |
Peter Minuit arrived with a group of Dutch settlers in 1626 and purchased what is now known as Manhattan. |
 See More Real Estate Trivia > |
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Peter Pena
Bay Water Realty
860-B SE 46 Lane
Cape Coral, FL 33904
Toll Free: 800-875-6182
Cell: 239-440-9550
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17 years experience Real Estate Advantage Training, Member Realtor Association Greater Fort Myers & The Beach, Member Florida Association of Realtors, Member National Association of Realtors, Member WCR Fort Myers Member regional mulitple listing service (MLS) and Professional Mortgages Broker. Full Time Realtor Servicing All Lee County and Miami Dade County.
My Specialities waterfront / luxury Homes, Cape Coral-Fort Myers-Sanibel and Miami. Languages Spoken English, Italian, Portuguese and Spanish
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