Barbara Klare

Here’s some good news for home buyers! The average rate on 30-year mortgages fell below 5 percent for the first time on record this week. Unprecedented low mortgage rate combined with ultimate low home prices creates a buying opportunity that potential can’t pass up.

Now may be the time to buy the Cape Coral or Fort Myers home you always wanted. Cape Coral gulf access homes and Fort Myers gulf access homes are available at bargain prices. There is also a great selection of entry levy homes for first time buyers or investors in Cape Coral and Fort Myers. Many are foreclosures or pre-foreclosures. For a free list of available homes visit www.barbaraklare.com or call 239-292-1358

Freddie Mac reported Thursday average rates on 30-year fixed mortgages dropped to 4.96 percent this week, down from the previous record of 5.01 percent, established last week. Mortgage rates have been going down because the Federal Reserve was going to pump money into the banking system to get banks to create new loans.

Deanna Rivera of Key Mortgage in Fort Myers has seen a tremendous increase in business in recent weeks. The bargain prices of Cape Coral and Fort Myers homes are hard for buyers to resist. For a free no obligation consultation of your home loan goals visit: www.deannarivera.info or call 239-791-5555 Ext 103

Deanna has seen rates as low as 4.525 percent for people with good credit scores. For qualifying buyers Federal Housing Administration (FHA) loan programs are have rates about 5.00 percent. 100% financing is still available in some Lee and Collier County areas.

Thinking about buying in the Cape Coral and Fort Myers area? Now is the time to take advantage of low home prices combined with low mortgage rates and make the move.

Are You Looking to Buying a Cape Coral Foreclosure?

There's an amazing selection of Cape Coral foreclosed homes. These homes are now bank or corporate owned. The selection includes waterfront, gulf access, direct access, sailboat access as well as homes on dry lots, some with pools.

Many are newer homes. Now is fantastic home or investment buying opportunity? Use my Realtor expertise to achieve you goal.

Let me know exactly what type of home your looking for.
Sign up on my website for free listings www.cape-coral-foreclosure.com

I'm a Cape Coral foreclosure expert and I'm looking foward towards working with you.

Barbara Klare
Gulf Coast Realty
239-292-1358
Email me: bklare@comcast.net
www.cape-coral-foreclosure.com

Yes, we all know the market in Cape Coral has tanked and this SW Florida city is the number 2 foreclosure capital of the country. Sales have been strong since June with September being exceptional. Most of these sales were foreclosures or short sales. The banks have finally gotten serious about getting these homes sold. The listed price is now the price the bank is certain to sell the home within 30 days. This is great news for today’s buyer.  Short sales are also selling. 153 of the 451 homes sold in September were short sales. That is a dramatic turnaround in the lenders’ attitude.

Is there room to negotiate? On homes $125K and under, I would say no. There is little wiggle room here. Most are selling close to 100% of asking price, often over asking price. The competitive price invites multi offers and the banks know what the home is worth. If you plan to low ball, you will miss out on a great buying opportunity.

For example; a home was on the market for $12,350 (a fire sale- literally) it sold 6 days later for $27,000.

However homes on the higher have more wiggle room. Homes listed for $300,000 and above have more room for negotiation as there is less competition.

For example; a home was on the market for $1,850,000. It sold in 116 days for $1,412,500. That’s a steal!

Are lenders writing loans? Absolutely! The buyer has to have a good credit and a decent down payment. Your debt to income ratio has to work out.

If you’re thinking about getting into the market, now is definitely the time to buy. Take advantage of today’s market now.

To receive online listing visit: www.cape-coral-foreclosure.com

Barbara Klare
Gulf Coast Realty
239 292 1358
bklare@comcast.com

Yes, we all know the market in Cape Coral has tanked and this SW Florida city is the number 2 foreclosure capital of the country. September is traditionally a quiet month for sales here. But in September 2008 sales were a record high.

Most of these sales were foreclosures or short sales. The banks have finally gotten serious about getting these homes sold. The listed price is now the price the bank is certain to sell the home within 30 days. This is great news for today’s buyer. Short sales are also selling. 153 of the 451 homes sold were short sales. That is a dramatic turnaround in the lenders attitude.

Is there room to negotiate? On homes $125K and under, I would say no. There is little wiggle room here. Most are selling close to 100% of asking price, sometimes over asking price. The competitive price invites multi offers and the banks know what the home is worth. If you plan to low ball, you may miss out on a great buying opportunity.

For example; a home was on the market for $12,350 (a fire sale- literally) it sold 6 days later for $27,000.

However homes on the higher have more wiggle room. Homes listed for $300,000 and above have more room for negotiation as there is less competition.

For example; a home was on the market for $1,850,000. It sold in 116 days for $1,412,500. That’s a steal!

Are lenders writing loans? Absolutely! The buyer has to have a good credit and a down payment. Your debt to income ratio has to make sense.

Anyway, now is definitely the time to buy. Take advantage of today’s market now.

To receive online listing visit: www.cape-coral-foreclosure.com

Barbara Klare
Gulf Coast Realty
239 292 1358
bklare@comcast.com

Cape Coral is a very pretty city located in sunny SW Florida on the Caloosahatchee River. Just west of Fort Myers. Cape Coral has hundreds of miles of canals flowing into the Gulf of Mexico. It is one of the largest boating communities in Florida. The popular beaches of Ft Myers Beach, Captiva and Sanibel Islands are close by. Living choices include beaching, boating, fishing, kayaking, swimming and snorkeling.

At the moment Cape Coral has a wonderful choice of homes, condos and vacant land. Many properties are bank owned foreclosures. My clients are those looking to make a move now, to buy a second home or invest in a future home.

The question is, what do You get For your money in today’s Cape Coral Real Estate Market?

At the moment Cape Coral has a wonderful choice of homes, condos and vacant land. The time is right to buy.

Below $100,000: Yes, there are many single family homes in this price range. Many are brand new. Ideal purchase for a 1st time home buyer or investor.

$100,000 to $200,000: The majority of Cape Coral homes fall into this price range. These homes are usually in move-in condition. Many have pools.

$200,000 to $400,000: This is the bargain Cape Coral gulf access price range. The higher the price the closer the Gulf is.

$400,000 to $800,000: These homes are the larger, newer, superb Gulf Access or direct, sailboat access, full of top quality amenities. These homes are now there the ultimate deal.

$800,000 and above: This is luxury living by any standard. If you were to compare Cape Coral waterfront prices to other areas of the country, these properties are truly a good value.

To receive online listing visit: http://www.barbaraklare.com/search.html

Barbara Klare
Gulf Coast Realty
239 292 1358
bklare@comcast.com